Document:

Exhibit 10.3

 

EXECUTION VERSION

 

	 

 

AMENDED AND RESTATED CREDIT AGREEMENT

dated as of

January 3, 2018

among

MACQUARIE INFRASTRUCTURE CORPORATION,

as the Borrower,

MIC OHANA CORPORATION,

as the Guarantor

JPMORGAN CHASE BANK, N.A., BARCLAYS BANK PLC, BANK OF AMERICA, N.A., CITIZENS BANK, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
MIZUHO BANK, LTD., REGIONS BANK, ROYAL BANK OF CANADA, SUNTRUST BANK and WELLS FARGO BANK, N.A.

as Issuing Banks,

the Lenders Party Hereto

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

 

 

JPMORGAN CHASE BANK, N.A., BARCLAYS BANK
PLC, BANK OF AMERICA, N.A., CITIZENS BANK, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, MIZUHO BANK, LTD., REGIONS BANK, ROYAL
BANK OF CANADA, SUNTRUST ROBINSON HUMPHREY, INC. and WELLS FARGO BANK, N.A.

as Joint Bookrunners and Joint Lead Arrangers

 

	 

  

     

     

    

  

TABLE OF CONTENTS

	 	Page
	 	 
	Article I  Definitions	1
	 	 
	Section 1.01. Defined Terms	1
	Section 1.02. Classification of Loans and Borrowings	26
	Section 1.03. Terms Generally	27
	Section 1.04. Accounting Terms; GAAP	27
	 	 
	Article II  The Credits	27
	 	 
	Section 2.01. Commitments	27
	Section 2.02. Loans and Borrowings	28
	Section 2.03. Requests for Revolving Borrowings	28
	Section 2.04. [Reserved]	29
	Section 2.05. [Reserved]	29
	Section 2.06. Letters of Credit	29
	Section 2.07. Funding of Borrowings	34
	Section 2.08. Interest Elections	34
	Section 2.09. Termination and Reduction of Commitments	36
	Section 2.10. Repayment of Loans; Evidence of Debt	36
	Section 2.11. Prepayment of Loans	37
	Section 2.12. Fees	37
	Section 2.13. Interest	38
	Section 2.14. Alternate Rate of Interest	39
	Section 2.15. Increased Costs	40
	Section 2.16. Break Funding Payments	41
	Section 2.17. Payments Free of Taxes	42
	Section 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs	46
	Section 2.19. Mitigation Obligations; Replacement of Lenders	48
	Section 2.20. Defaulting Lenders	49
	Section 2.21. Incremental Commitments	51
	 	 
	Article III  Representations and Warranties	52
	 	 
	Section 3.01. Organization; Powers	52
	Section 3.02. Authorization; Enforceability	52
	Section 3.03. Governmental Approvals; No Conflicts	52
	Section 3.04. Financial Condition; No Material Adverse Change; Solvency	52
	Section 3.05. Properties	53
	Section 3.06. Litigation and Environmental Matters	53
	Section 3.07. Compliance with Laws and Agreements	53
	Section 3.08. Investment Company Status	53
	Section 3.09. Taxes	54
	Section 3.10. ERISA	54
	Section 3.11. Disclosure	54
	Section 3.12. Anti-Corruption Laws, Anti-Terrorism Laws and Sanctions	54

 

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	Section 3.13. Margin Regulations	55
	 	 
	Article IV  Conditions	55
	 	 
	Section 4.01. Effective Date	55
	Section 4.02. Each Credit Event after the Effective Date	56
	 	 
	Article V  Affirmative Covenants	56
	 	 
	Section 5.01. Financial Statements; Ratings Change and Other Information	56
	Section 5.02. Notices of Material Events	57
	Section 5.03. Existence; Conduct of Business	58
	Section 5.04. Payment of Obligations	58
	Section 5.05. Maintenance of Properties; Insurance	58
	Section 5.06. Books and Records; Inspection Rights	58
	Section 5.07. Compliance with Laws	59
	Section 5.08. Use of Proceeds and Letters of Credit	59
	Section 5.09. Credit Ratings	59
	Section 5.10. Cash Distributions	59
	Section 5.11. Additional Collateral	59
	 	 
	Article VI  Negative Covenants	60
	 	 
	Section 6.01. Indebtedness	60
	Section 6.02. Liens	61
	Section 6.03. Fundamental Changes	63
	Section 6.04. Asset Sales	63
	Section 6.05. Restricted Payments	64
	Section 6.06. Transactions with Affiliates	64
	Section 6.07. Restrictive Agreements	64
	Section 6.08. Financial Covenant	65
	Section 6.09. Upstream Guarantees; Subsidiary Indebtedness; Grants of Security Interests in Subsidiary Equity Interests	65
	 	 
	Article VII  Events of Default	65
	 	 
	Section 7.01. Events of Default	65
	Section 7.02. Borrower’s Right to Cure	68
	 	 
	Article VIII  The Administrative Agent	68
	 	 
	Article IX  Miscellaneous	71
	 	 
	Section 9.01. Notices	71
	Section 9.02. Waivers; Amendments	75
	Section 9.03. Expenses; Indemnity; Damage Waiver	76
	Section 9.04. Successors and Assigns	78
	Section 9.05. Survival	82
	Section 9.06. Counterparts; Integration; Effectiveness; Electronic Execution	82
	Section 9.07. Severability	83
	Section 9.08. Right of Setoff	83
	Section 9.09. Governing Law; Jurisdiction; Consent to Service of Process	83
	Section 9.10. WAIVER OF JURY TRIAL	84

 

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	Section 9.11. Headings	84
	Section 9.12. Confidentiality	84
	Section 9.13. Material Non-Public Information	85
	Section 9.14. Authorization to  Distribute Certain Materials to Public-Siders	85
	Section 9.15. Interest Rate Limitation	86
	Section 9.16. USA PATRIOT Act	86
	Section 9.17. Acknowledgement and Consent to Bail-In of EEA Financial Institutions	86
	Section 9.18. Effect of Amendment and Restatement	87
	Section 9.19. Releases of Pledged Collateral	88

 

    	 	iii	 

     

    

  

SCHEDULES:

Schedule 2.01 — Commitments

Schedule 3.06 — Disclosed Matters

Schedule 6.01 — Existing Indebtedness

Schedule 6.07 — Existing Restrictions

Schedule 9.18 – Existing Letter of Credit

 

EXHIBITS:

Exhibit A — Form of Assignment
and Assumption

Exhibit B-1 —U.S. Tax
Certificate (For Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes)

Exhibit B-2 — U.S. Tax
Certificate (For Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes)

Exhibit B-3 — U.S. Tax
Certificate (For Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes)

Exhibit B-4 — U.S. Tax
Certificate (For Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes)

Exhibit C — Form of Guaranty
Agreement

Exhibit D — Form of Pledge
Agreement

 

    	 	iv	 

     

    

 

AMENDED AND RESTATED CREDIT AGREEMENT
dated as of January 3, 2018 (this “Agreement”), among MACQUARIE INFRASTRUCTURE CORPORATION (the “Borrower”),
MIC OHANA CORPORATION (the “Guarantor”), the Lenders from time to time party hereto and JPMORGAN CHASE
BANK, N.A., as Administrative Agent.

 

The parties hereto agree as follows:

 

Article
I

Definitions

 

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

 

“ABR”,
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear interest
at a rate determined by reference to the Alternate Base Rate.

 

“Adjusted
LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum
(rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the
Statutory Reserve Rate.

 

“Acquisition”
means the purchase or other acquisition of property and assets or businesses of any Person or of assets constituting a business
unit, a line of business or division of such Person, or Equity Interests in a Person that, upon the consummation thereof, will
be a Subsidiary of the Borrower (including as a result of a merger or consolidation).

 

“Additional
Lender” has the meaning assigned to it in Section 2.21.

 

“Administrative
Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders hereunder.

 

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

 

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

 

“Agency
Site” means the Electronic System established by the Administrative Agent to administer this Agreement.

 

“Agent
Party” has the meaning assigned to it in Section 9.01(d).

 

     

     

    

  

“Alternate
Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such
day, (b) the Federal Funds Effective Rate in effect on such day plus 1⁄2 of 1% and (c) the Adjusted LIBO Rate for a one month
Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided
that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the LIBO Screen Rate at approximately 11:00
a.m. London time on such day. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective
Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal
Funds Effective Rate or the Adjusted LIBO Rate, respectively. If the Alternate Base Rate is being used as an alternate rate of
interest pursuant to Section 2.14 hereof, then the Alternate Base Rate shall be the greater of clause (a) and (b) above and shall
be determined without reference to clause (c) above. For the avoidance of doubt, if the Alternate Base Rate shall be less than
zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“Anti-Corruption
Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower and its affiliated companies
from time to time concerning or relating to bribery or corruption, including, without limitation, the Foreign Corrupt Practices
Act of 1977, as amended.

 

“Anti-Terrorism
Laws” means any requirement of law related to money laundering or financing terrorism including the Uniting and Strengthening
America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (“PATRIOT Act”) of 2001 (Title
III of Pub. L. 107-56), The Currency and Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act”,
31 U.S.C. §§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and 1951-1959), the Trading With the Enemy Act (50
U.S.C. § 1 et seq., as amended) and Executive Order 13224 (effective September 24, 2001)).

 

“Applicable
Percentage” means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s
Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments
most recently in effect, giving effect to any assignments.

 

“Applicable
Rate” means, for any day, with respect to any ABR Loan or Eurodollar Revolving Loan, or with respect to the commitment
fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption “ABR Spread”,
“Eurodollar Spread” or “Commitment Fee Rate”, as the case may be, based upon the ratings by Fitch, S&P
and/or Moody’s (as applicable) applicable on such date to the Facility Debt:

  

	Category	 	Debt Ratings
 S&P/Moody’s/Fitch	 	ABR
 Spread	 	 	Eurodollar
 Spread	 	 	Commitment Fee
 Rate	 
	Category 1	 	BBB/Baa2/BBB or higher	 	 	50.0 bps	 	 	 	150.0 bps	 	 	 	22.5 bps	 
	Category 2	 	BBB-/Baa3/BBB-	 	 	75.0 bps	 	 	 	175.0 bps	 	 	 	27.5 bps	 
	Category 3	 	BB+/Ba1/BB+	 	 	100.0 bps	 	 	 	200.0 bps	 	 	 	35.0 bps	 
	Category 4	 	BB/Ba2/BB or lower	 	 	125.0 bps	 	 	 	225.0 bps	 	 	 	40.0 bps	 

 

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For purposes this definition,
“Debt Rating” means, as of any date of determination, the rating as determined by S&P, Moody’s or Fitch (collectively,
the “Debt Ratings”) of the Facility Debt; provided that (a) at any time that Debt Ratings are
available from each of S&P, Moody’s and Fitch and there is a difference in such Debt Ratings, then the majority Debt
Rating shall apply, unless there is no majority, in which case the middle Debt Rating shall apply, (b) at any time that Debt Ratings
are available from only two of S&P, Moody’s and Fitch and there is a split in such Debt Ratings, then the higher of such
Debt Ratings shall apply, unless there is a split in Debt Ratings of more than one level, in which case the level that is one level
lower than the higher Debt Rating shall apply, (c) at any time that there is only one Debt Rating from S&P Moody’s or
Fitch, then such Debt Rating shall apply and (d) if the Borrower does not have any Debt Rating, Category 4 (as indicated above)
shall apply. The Debt Ratings shall be determined from the most recent public announcement of any changes in the Debt Ratings.
If the rating system of S&P, Moody’s or Fitch shall change, the Borrower and the Administrative Agent shall negotiate
in good faith to amend this definition to reflect such changed rating system and, pending the effectiveness of such amendment (which
shall require the approval of the Required Lenders), the Debt Rating shall be determined by reference to the rating most recently
in effect prior to such change.

 

“Approved
Fund” has the meaning assigned to it in Section 9.04(b).

 

“Assignment
and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of
any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any
other form approved by the Administrative Agent.

 

“Atlantic”
means Atlantic Aviation FBO Inc., a Delaware corporation.

 

“Available
to be Distributed” means, with respect to unrestricted cash and Cash Equivalents of a Subsidiary, unrestricted cash
and Cash Equivalents of such Subsidiary at such time other than any to the extent that declaration of payment of dividends or similar
distributions by that Subsidiary is not at the time permitted by operation of the terms of its charter or any agreement (including
with respect to pledges of cash or Cash Equivalents), instrument, judgment, decree, order, statute, rule or governmental regulation
applicable to that Subsidiary or to such cash or Cash Equivalents.

 

“Availability
Period” means the period from and including the Effective Date to but excluding the earlier of the Maturity Date
and the date of termination of the Commitments.

 

“Bankruptcy
Event” means, with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency proceeding,
or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person
charged with the reorganization or liquidation of its business appointed for it, or has taken any corporate action in furtherance
of, or has consented to, approved of, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely
by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or
instrumentality thereof, unless such ownership interest results in or provides such Person with immunity from the jurisdiction
of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person
(or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made
by such Person.

 

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

 

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

 

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

 

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

 

“Borrower”
has the meaning assigned to it in the preamble hereto.

 

“Borrower
CFADS” means, at any date of determination and without duplication and as certified by a Financial Officer of the
Borrower, the aggregate amount of total cash and Cash Equivalents then on hand (other than proceeds from the incurrence of Indebtedness
(including Revolving Loans) by the Borrower or issuance of Equity Interests of the Borrower) generated during the most recently
completed Test Period and distributed or Available to be Distributed to the Borrower by the Subsidiaries during the most recently
completed Test Period (together with total cash and Cash Equivalents of the Borrower then on hand (other than proceeds from the
incurrence of Indebtedness (including Revolving Loans) by the Borrower or issuance of Equity Interests of the Borrower) generated
during such Test Period) less, without duplication and solely to the extent actually paid by the Borrower in cash for such Test
Period, the aggregate for such period (collectively, “Ordinary Course Expenses”) of (i) Taxes, (ii) audit expenses,
tax return preparation expenses, rental expense and insurance costs, (iii) management fees and (iv) legal fees and expenses, travel
costs, and other costs and expenses of the Borrower, in each case incurred in the ordinary course of business. For the avoidance
of doubt, Ordinary Course Expenses shall not include any extraordinary expenses, including any fees, expenses, costs or charges
related to any consummated, anticipated, unsuccessful or attempted equity offering, issuance or repurchase, other equity issuance,
debt issuance (including a refinancing thereof, whether or not successful), dividend, investment, acquisition (including any Acquisition)
(including (y) cash-stay bonuses paid to employees, severance and reorganization costs and expenses in connection with any Acquisition
and (z) fees, costs and expenses incurred in connection with the de-listing of public targets and compliance with public company
requirements in connection with any Acquisition), asset sale or other disposition, operational changes, repayment of Indebtedness
or recapitalization or the breakage of any hedging arrangement permitted hereunder or the incurrence of Indebtedness permitted
to be incurred hereunder (including a refinancing thereof) (in each case, whether or not successful), including such fees, expenses,
costs or charges related to (i) the offering, syndication, assignment and administration of the credit facility hereunder and any
other credit facilities, (ii) credit ratings expenses and (iii) any refinancing, extension, waiver, forbearance, amendment or other
modification hereof and of any other credit facilities (in each case, whether consummated, anticipated, unsuccessful, attempted
or otherwise). Notwithstanding the foregoing, to the extent that any proceeds of Indebtedness (including Revolving Loans) incurred
by the Borrower or proceeds of Equity Interests issued by the Borrower are used during any Test Period to fund operating or working
capital expenditures during any Test Period, the amount of such operating or working capital expenditures shall be deducted from
Borrower CFADS for such Test Period.

 

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“Borrower’s
Senior Secured Net Leverage Ratio” means, at any date of determination, the ratio of (a) Senior Secured Indebtedness
as of such date, calculated net of unrestricted cash (without netting the cash proceeds from any Borrowing or other incurrence
of debt made in connection with the testing of the ratio) of the Borrower, to (b) Borrower CFADS for the most recently completed
Test Period.

 

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

 

“Borrowing
Request” means a request by the Borrower for a Revolving Borrowing in accordance with Section 2.03.

 

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

 

“Capital
Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease
of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are
required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such
obligations shall be the capitalized amount thereof determined in accordance with GAAP. Notwithstanding the foregoing, all leases
of any Person (including leases entered into after the date hereof) that are or would be treated as operating leases in accordance
with GAAP as in effect on December 31, 2013, shall continue to be accounted for as operating leases (and none of the obligations
of the lessee thereunder shall constitute Capital Lease Obligations) for purposes of this Agreement regardless of any change in
GAAP after such date that would otherwise require any of the obligations of the lessee thereunder to be treated as Capital Lease
Obligations.

 

“Cash Equivalents”
means any of the following types of investments:

 

(a)          readily
marketable obligations issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality
thereof having maturities of not more than 360 days from the date of acquisition thereof; provided that the full faith and
credit of the United States of America is pledged in support thereof;

 

    	 	5	 

     

    

 

(b)          time
deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial bank that (i) (A) is a Lender
or (B) is organized under the laws of the United States of America, 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 of America, any state thereof or the
District of Columbia, and is a member of the Federal Reserve System and (ii) has combined capital and surplus of at least $1,000,000,000,
in each case with maturities of not more than 180 days from the date of acquisition thereof;

 

(c)          commercial
paper issued by any Person organized under the laws of any state of the United States of America and rated at least “Prime-2”
(or the then equivalent grade) by Moody’s or at least “A-2” (or the then equivalent grade) by S&P, in each
case with maturities of not more than 12 months from the date of acquisition thereof;

 

(d)          Investments
in money market investment programs registered under the Investment Company Act of 1940, which are administered by financial institutions
that have one of the two highest ratings obtainable from either Moody’s or S&P, and the portfolios of which are limited
solely to Investments of the character, quality and maturity described in clauses (a), (b) and (c) of this definition; and

 

(e)          United
States dollars, Euros, any other currency of countries members of the Organization for Economic Co-operation and Development or,
in the case of any foreign Subsidiary, any local currencies held by it from time to time.

 

“Cash Management
Agreement” means any agreement pursuant to which a bank or other financial institution agrees to provide (a) treasury
services, (b) credit card, merchant card, purchasing card or stored value card services (including, without limitation, the processing
of payments and other administrative services with respect thereto), (c) cash management services (including, without limitation,
controlled disbursements, automated clearinghouse transactions, return items, netting, overdrafts, depository, lockbox, stop payment,
electronic funds transfer, information reporting, wire transfer and interstate depository network services) and/or (d) other similar
banking products or services.

 

“Cash Management
Bank” means any Person who (a) was a Lender or an Affiliate of a Lender at the time of entry into a Cash Management
Agreement or at the time of the designation referred to in the following clause (b), and (b) has been designated in writing to
the Administrative Agent as a Cash Management Bank by the Borrower.

 

“Change
in Control” means (a) any Person or group shall become the beneficial owner of 50% or more of the then outstanding
voting capital stock of the Borrower, (b) within any 12 month period beginning on or after the date hereof, the persons who were
members of the board of directors (or equivalent governing body) of the Borrower immediately before the beginning of such period
(the “Incumbent Directors”) shall cease (for any reason other than death or disability) to constitute
at least a majority of the board of directors of the Borrower or the board of directors of any successor to the Borrower, provided
that any director who was not a director as of the date hereof shall be deemed to be an Incumbent Director if such director was
elected to the board of directors by, or on the recommendation of or with the approval of, a majority of the directors who then
qualified as Incumbent Directors either actually or by prior operation of this clause (b), (c) the Borrower shall cease to be the
beneficial owner of 100% of the outstanding Equity Interests of the Guarantor or (d) any “change of control”, “fundamental
change” or any other substantially equivalent event shall occur in respect of any Indebtedness of any Loan Party the aggregate
principal amount of which exceeds $50,000,000 that results in holders of such Indebtedness having the right to require the repurchase
or redemption thereof prior to a stated maturity thereof.

 

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“Change
in Law” means the occurrence after the date of this Agreement or, with respect to any Lender, such later date on
which such Lender becomes a party to this Agreement) of (a) the adoption of or taking effect of any law, rule, regulation or treaty,
(b) any change in any law, rule, regulation or treaty or in the interpretation or application thereof by any Governmental Authority
or (c) compliance by any Lender or any Issuing Bank (or, for purposes of Section 2.15(b), by any lending office of such Lender
or by such Lender’s or such Issuing Bank’s holding company, if any) with any request, guideline or directive (whether
or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement; provided
that, notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all
requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines
or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor
or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall be deemed
to be a “Change in Law,” regardless of the date enacted, adopted or issued.

 

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

 

“Commitment”
means, with respect to each Lender, the commitment of such Lender to make Revolving Loans and to acquire participations in Letters
of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure
hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09, (b) increased from time to time pursuant
to Section 2.21 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section
9.04. The initial amount of each Lender’s Commitment is set forth on Schedule 2.01, in the Assignment and Assumption pursuant
to which such Lender shall have assumed its Commitment, or in the Incremental Amendment pursuant to which such Lender shall have
become a party hereto (or increased its Commitment pursuant thereto), as applicable. The initial aggregate amount of the Lenders’
Commitments is $600,000,000.

 

“Commitment
Increase” has the meaning assigned to it in Section 2.21.

 

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

 

“Communications”
has the meaning assigned to it in Section 9.01(d).

 

“Competitor”
shall mean any person that competes in any material respect with the business of the Borrower or any of its Subsidiaries from time
to time, in each case as specifically identified by the Borrower to the Administrative Agent from time to time in writing.

 

“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.

 

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

 

    	 	7	 

     

    

  

“Credit
Party” means the Administrative Agent, any Issuing Bank or any other Lender.

 

“Debt Rating”
has the meaning assigned to it in the definition of “Applicable Margin;” provided that if neither S&P nor by Moody’s
then rates the Facility Debt, “Debt Rating” shall mean the Borrower’s public corporate credit rating by S&P,
the Borrower’s public corporate group rating by Moody’s or the Borrower’s public corporate credit rating by Fitch,
as applicable.

 

“Default”
means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured
or waived, become an Event of Default.

 

“Defaulting
Lender” means any Lender that (a) has failed, within two Business Days of the date required to be funded or paid,
to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or (iii) pay over to any
Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies
the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition
precedent to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified
the Borrower or any Credit Party in writing, or has made a public statement to the effect, that it does not intend or expect to
comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position
is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the
particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in
which it commits to extend credit, (c) has failed, within three Business Days after request by a Credit Party, acting in good faith,
to provide confirmation in writing from an authorized officer of such Lender that it will comply with its obligations (and is financially
able to meet such obligations) to fund prospective Loans and participations in then outstanding Letters of Credit under this Agreement,
provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Credit Party’s
receipt of such certification in form and substance satisfactory to it and the Administrative Agent, or (d) has become the subject
of (A) a Bankruptcy Event or (B) a Bail-In Action. Any determination by the Administrative Agent that a Lender is a Defaulting
Lender under clauses (a) through (d) above shall be conclusive absent manifest error, and such Lender shall be deemed to be a Defaulting
Lender (subject to Section 2.20) upon delivery of written notice of such determination to the Borrower, each L/C Issuer and each
Lender.

 

“Designated
Persons” means any person or entity listed on a Sanctions List.

 

“Disclosed
Matters” means the actions, suits and proceedings and the environmental matters disclosed in Schedule 3.06.

 

“Disposition”
or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback
transaction) of any property by any Person (or the granting of any option or other right to do any of the foregoing) outside the
ordinary course of business, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes
or accounts receivable or any rights and claims associated therewith but, for the avoidance of doubt, excluding any sale, transfer,
license, lease or other disposal of inventory, obsolete, worn-out or surplus property or property no longer useful or necessary
in the business of such Person (or its subsidiaries).

 

    	 	8	 

     

    

  

“Disqualified
Equity Interests” means any Equity Interest which, by its terms (or the terms of any security or other Equity Interests
into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is
mandatorily redeemable (other than solely for Equity Interests that are not Disqualified Equity Interests), pursuant to a sinking
fund obligation or otherwise (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 and the termination of the Commitments), (b) is redeemable at the option of
the holder thereof, in whole or in part, (c) provides for the scheduled payments of dividends in cash, or (d) is or becomes convertible
into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each
case, prior to the date that is ninety-one days after the Maturity Date; provided that if such Equity Interests are issued
pursuant to a plan for the benefit of employees of the Borrower or any Subsidiary or by any such plan to such employees, such Equity
Interests shall not constitute Disqualified Equity Interests solely because it may be required to be repurchased by the Borrower
or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s
termination, death or disability.

 

“Disqualified
Institutions” means (a) those Competitors, banks, financial institutions and other institutional lenders (in each
case, together with Affiliates thereof that are clearly identifiable as such on the basis of such Affiliate’s name) identified
on a list available to the Lenders on Intra-Links/IntraAgency, Syndtrak or another similar electronic system on the Effective Date
(as such list with respect to Competitors may be supplemented from time to time by the Borrower pursuant to clause (b) below) and
(b) any other person identified by name in writing to the Administrative Agent at JPMDQ_Contact@jpmorgan.com, with copies pursuant
to the contact information set forth in Section 9.01(a)(ii) and the Lenders after the Effective Date to the extent such person
becomes a Competitor or is or becomes an Affiliate of a Competitor, which designation shall become effective three Business Days
after delivery of each such written supplement to the Administrative Agent and the Lenders (provided that, for the avoidance of
doubt, any supplement not sent to JPMDQ_Contact@jpmorgan.com will not be effective), but which shall not apply to retroactively
disqualify any persons that, prior to the effectiveness of such designation, (x) acquired an assignment or participation interest
in the Loans, (y) entered into a trade for an assignment or participation interest in the Loans or (z) became a Competitor or any
Affiliate thereof; provided that a Competitor or an Affiliate of a Competitor shall not include any bona fide debt fund
or investment vehicle that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions
of credit in the ordinary course of business which is managed, sponsored or advised by any person controlling, controlled by or
under common control with such Competitor or Affiliate thereof, as applicable, and for which no personnel involved with the investment
of such Competitor or Affiliate thereof, as applicable, (i) makes (or has the right to make or participate with others in making)
any investment decisions or (ii) has access to any information (other than information publicly available) relating to the Loan
Parties or any entity that forms a part of the Loan Parties’ business (including their subsidiaries).

 

    	 	9	 

     

    

  

“dollars”
or “$” refers to lawful money of the United States of America.

 

“EEA Financial
Institution” means (a) any institution 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 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 on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with
Section 9.02).

 

“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.

 

“Electronic
System” means any electronic system, including e-mail, e-fax, Intralinks®, ClearPar®, Debt Domain, Syndtrak
and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by the Administrative
Agent and any Issuing Bank and any of its respective Related Persons or any other Person, providing for access to data protected
by passcodes or other security system.

 

“Environmental
Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or
binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation
or reclamation of natural resources, the management, release or threatened release of any Hazardous Material or to health and safety
matters.

 

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

 

“Equity
Cure Amount” shall have the meaning provided in Section 7.02.

 

“Equity
Cure Period” shall have the meaning provided in Section 7.02.

 

    	 	10	 

     

    

  

“Equity
Cure Right” shall have the meaning provided in Section 7.02.

 

“Equity
Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company,
beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling
the holder thereof to purchase or acquire any such equity interest.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time.

 

“ERISA
Affiliate” means any trade or business (whether or not incorporated) that, together with the Borrower, is treated
as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of
the Code, is treated as a single employer under Section 414 of the Code.

 

“ERISA
Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued
thereunder with respect to a Plan (other than an event for which the 30 day notice period is waived); (b) the existence with respect
to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of
ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application
for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates
of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Borrower or any ERISA
Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint
a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect
to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate
of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the
imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization,
within the meaning of Title IV of ERISA.

 

“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.

 

“Eurodollar”
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 Adjusted LIBO Rate.

 

“Event
of Default” has the meaning assigned to such term in Article VII.

 

“Excluded
Swap Obligations” means, with respect to the Guarantor, any Swap Obligation if, and to the extent that, all or a
portion of the Guarantee of such Guarantor of such Swap Obligation (or any Guaranty thereof) is or becomes illegal or unenforceable
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 at the time the Guarantee of
such Guarantor becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing
more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which
such Guarantee is or becomes illegal or unenforceable.

 

    	 	11	 

     

    

  

“Excluded
Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted
from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch
profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal
office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political
subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. Federal withholding Taxes imposed
on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan, Letter of Credit or Commitment
pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan, Letter of Credit or Commitment
(other than pursuant to an assignment request by the Borrower under Section 2.19(b)) or (ii) such Lender changes its lending office,
except in each case to the extent that, pursuant to Section 2.17, amounts with respect to such Taxes were payable either to such
Lender’s assignor immediately before such Lender acquired the applicable interest in a Loan, Letter of Credit or Commitment
or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to
comply with Section 2.17(f) and (d) any withholding Taxes imposed pursuant to or in connection with FATCA.

 

“Existing
Credit Agreement” means the Credit Agreement, dated as of July 7, 2014 (as amended, supplemented or otherwise modified
prior to the date hereof), among the Borrower, the Guarantor, JPMorgan Chase Bank, N.A., as administrative agent, the other agents
party thereto and the lenders party thereto.

 

“Existing
Revolving Loans” has the meaning assigned to it in Section 9.18(c).

 

“Existing
Letters of Credit” has the meaning assigned to it in Section 9.18(d).

 

“Facility
Debt” means the Indebtedness of the Borrower hereunder.

 

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

 

“Federal
Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100
of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds
brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published
for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for
such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected
by it.

 

    	 	12	 

     

    

  

“Fee Letters”
means (i) the Fee Letter, dated as of the date hereof, among the Borrower and certain Issuing Banks and (ii) the Amended and Restated
Fee Letter, dated as of December 26, 2017, between the Borrower and the JPMorgan Chase Bank, N.A..

 

“Financial
Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Borrower.

 

“Financial
Statements” means the financial statements to be furnished pursuant to Sections 5.01(a) and (b).

 

“Fitch”
means Fitch Ratings Limited.

 

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

 

“GAAP”
means generally accepted accounting principles in the United States of America.

 

“Governmental
Authority” means the government of the United States of America, any other nation or any political subdivision thereof,
whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.

 

“Guarantee”
of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor
guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or
indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation
or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease
property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment
thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary
obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect
of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided, that the term
Guarantee shall not include endorsements for collection or deposit in the ordinary course of business.

 

“Guarantor”
has the meaning assigned to it in the preamble hereto.

 

“Guaranty”
means the Guarantee made by the Guarantor under the Guaranty Agreement.

 

“Guaranty
Agreement” means the Guaranty Agreement, executed by the Guarantor on July 16, 2014, in the form attached hereto
as Exhibit C.

 

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

 

    	 	13	 

     

    

  

“Hedge
Bank” means (a) any Person who was a Lender or an Affiliate of a Lender at the time of entry into a Hedging Agreement
or at the time of the designation referred to in the following clause (b), and (b) has been designated in writing to the Administrative
Agent as a Hedge Bank by the Borrower.

 

“Hedging
Agreement” means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection
agreement or other interest or currency exchange rate or commodity price hedging arrangement and all other similar agreements or
arrangements designed to alter the risks of any Person arising from fluctuations in interest rate, currency values, commodity prices
or equity values.

 

“Impacted
Interest Period” has the meaning assigned to it in the definition of “LIBO Rate.”

 

“IMTT”
means IMTT Holdings, Inc., a Delaware corporation.

 

“Incremental
Amendment” has the meaning assigned to such term in Section 2.21.

 

“Incremental
Commitments” shall mean, at any time, the commitments of each Incremental Lender at such time to increase its Commitment
(in the case of an existing Lender) or to provide its Commitment (in the case of an Additional Lender) in accordance with Section
2.21. Loans made pursuant to any Incremental Commitment shall be on terms identical to the existing Revolving Loans (including
with respect to maturity date and interest rate margins). For the avoidance of doubt, as of the date hereof, no Incremental Commitments
are in effect.

 

“Incremental
Effective Date” has the meaning set forth in Section 2.21.

 

“Incremental
Lender” shall mean each Lender or Additional Lender, as applicable, that executes and delivers an Incremental Amendment
in accordance with Section 2.21.

 

“Indebtedness”
of any Person means, without duplication, (a) all obligations of such Person for borrowed money or with respect to deposits or
advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all
obligations of such Person upon which interest charges are customarily paid, (d) all obligations of such Person under conditional
sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect
of the deferred purchase price of property or services (excluding accounts payable incurred in the ordinary course of business),
(f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise,
to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been
assumed (excluding, however, Liens permitted pursuant to Section 6.02(e) so long as such Indebtedness has not been assumed by the
Guarantor), (g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of such Person, (i)
all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty,
(j) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, and (k) all obligations
of such Person in respect of Disqualified Equity Interests. The Indebtedness of any Person shall include the Indebtedness of any
other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor
as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms
of such Indebtedness provide that such Person is not liable therefor.

 

    	 	14	 

     

    

  

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

 

“Ineligible
Institution” has the meaning assigned to it in Section 9.04(b).

 

“Interest
Election Request” means a request by the Borrower to convert or continue a Revolving Borrowing in accordance with
Section 2.08.

 

“Interest
Payment Date” means (a) with respect to any ABR Loan, the last day of each March, June, September and December and
(b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is
a part and, in the case of a Eurodollar Borrowing with an Interest Period of more than three months’ duration, each day prior
to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest
Period.

 

“Interest
Period” means with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing and ending
on the numerically corresponding day in the calendar month that is one, two, three or six months (or, with the consent of each
Lender, twelve months) thereafter, as the Borrower may elect; provided, that (i) if any Interest Period would end on a day
other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case of a
Eurodollar Borrowing only, such next succeeding Business Day would fall in the next calendar month, in which case such Interest
Period shall end on the next preceding Business Day and (ii) any Interest Period pertaining to a Eurodollar Borrowing that commences
on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar
month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes
hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and, in the case of a Revolving Borrowing,
thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.

 

“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) 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 LIBO Screen Rate for
the longest period for which the Screen Rate is available) that is shorter than the Impacted Interest Period; and (b) the Screen
Rate for the shortest period (for which that Screen Rate is available) that exceeds the Impacted Interest Period, in each case,
at such time.

 

    	 	15	 

     

    

  

“Investment
Grade Period” means any time when at least two of the following ratings have been issued by the relevant rating agency
and are in effect: (i) in the case of S&P, a “Long-Term Local Issuer Credit Rating” for the Borrower of at least
BBB-, (ii) in the case of Moody’s, a “Long-Term Corporate Family Rating” for the Borrower of at least Baa3 or
(iii) in the case of Fitch, a “Long-Term Issuer Default Rating” for the Borrower of at least BBB-. If the rating system
of S&P, Moody’s or Fitch shall change, the Borrower and the Administrative Agent shall negotiate in good faith to amend
this definition to reflect such changed rating system and, pending the effectiveness of such amendment (which shall require the
approval of the Required Lenders), the existence of an Investment Grade Period shall be determined by reference to the rating most
recently in effect prior to such change.

 

“IRS”
means the United States Internal Revenue Service.

 

“Issuing
Bank” means JPMorgan Chase Bank, N.A., Barclays Bank PLC, Bank of America, N.A., Citizens Bank, Credit Agricole Corporate
and Investment Bank, Mizuho Bank, Ltd., Regions Bank, Royal Bank of Canada, SunTrust Bank, Wells Fargo Bank, N.A. and each other
Lender or Affiliate of a Lender that hereafter becomes an Issuing Bank with the approval of the Administrative Agent and the Borrower
by agreeing pursuant to an agreement with and in form and substance satisfactory to the Administrative Agent and the Borrower to
be bound by the terms hereof applicable to Issuing Banks, in each case, in its capacity as the issuer of Letters of Credit hereunder,
and its successors in such capacity as provided in Section 2.06(i). 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 JPMorgan Chase Bank, N.A., Barclays Bank PLC, Bank of America, N.A., Citizens Bank, Credit
Agricole Corporate and Investment Bank, Mizuho Bank, Ltd., Regions Bank, Royal Bank of Canada, SunTrust Robinson Humphrey, Inc.
and Wells Fargo Bank, N.A., as joint lead arrangers and joint bookrunners.

 

“LC Availability
Period” means the period from and including the Effective Date to but excluding the earlier of (i) the date that
is five Business Days prior to the Maturity Date and (ii) the date of termination of the Commitments.

 

“LC Disbursement”
means a payment made by any 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 the Borrower at such time. The LC
Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.

 

“Lender
Parent” means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

 

“Lenders”
means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment
and Assumption or an Incremental Amendment, other than any such Person that ceases to be a party hereto pursuant to an Assignment
and Assumption. As the context may require, the term “Lenders” includes the Issuing Banks.

 

    	 	16	 

     

    

  

“Letter
of Credit” means any letter of credit issued pursuant to this Agreement.

 

“Letter
of Credit Sublimit” means (a) with respect to Barclays Bank PLC, $15,000,000, (b) with respect to JPMorgan Chase
Bank, N.A., $15,000,000, (c) with respect to Bank of America, N.A., $15,000,000, (d) with respect to Citizens Bank, $15,000,000,
(e) with respect to Credit Agricole Corporate and Investment Bank, $15,000,000, (f) with respect to Mizuho Bank, Ltd., $15,000,000,
(g) with respect to Regions Bank, $15,000,000, (h) with respect to Royal Bank of Canada, $15,000,000, (i) with respect to SunTrust
Bank, $15,000,000, (j) with respect to Wells Fargo Bank, N.A., $15,000,000 and (f) with respect to any other Issuing Bank, such
amount as may be agreed among such Issuing Bank, the Borrower and the Administrative Agent; provided, however, that the aggregate
outstanding amount of Letters of Credit issued pursuant to Section 2.06 for all Issuing Banks shall not exceed $200,000,000.

 

“LIBO
Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the London interbank offered rate
as administered by ICE Benchmark Administration1 (or any other Person that takes over the administration of such rate)
for U.S. Dollars for a period equal in length to such Interest Period as displayed 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; in each case 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 be less than zero, such rate shall be deemed to be zero for the purposes
of this Agreement; provided further that if the LIBO Screen Rate shall not be available at such time for such Interest
Period (an “Impacted Interest Period”) then the LIBO Rate shall be the Interpolated Rate; provided
that if any Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“LIBO Screen
Rate” has the meaning assigned to it in the definition of “LIBO Rate.”

 

“Lien”
means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security
interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease
or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating
to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such
securities.

 

 

1 ICE Benchmark Administration Limited makes no warranty,
express or implied, either as to the results to be obtained from the use of the ICE LIBOR and/or the figure at which ICE LIBOR
stands at any particular time on any particular day or otherwise. ICE Benchmark Administration Limited makes no express or implied
warranties or merchantability or fitness for a particular purpose in respect of use of ICE LIBOR.

 

    	 	17	 

     

    

  

“Loan Documents”
means (i) this Agreement, (ii) the Guaranty Agreement, (iii) other than during a Pledge Release Period, the Security Documents;
(iv) any promissory notes issued pursuant to Section 2.10(e), and (v) each Fee Letter.

 

“Loan Parties”
means the Borrower and the Guarantor.

 

“Loans”
means the loans made by the Lenders to the Borrower pursuant to this Agreement.

 

“Management
Agreement” means the Third Amended and Restated Management Services Agreement by and among the Loan Parties and Macquarie
Infrastructure Management (USA) Inc. dated as of May 21, 2015.

 

“Margin
Stock” means margin stock within the meaning of Regulations T, U and X of the Board, as in effect from time to time
and all official rulings and interpretations thereunder or thereof.

 

“Material
Adverse Effect” means a material adverse effect on (a) the business, assets, operations or financial condition of
the Borrower and the Subsidiaries taken as a whole, (b) the ability of the Loan Parties to perform their obligations under this
Agreement or any other Loan Document or (c) the rights of or benefits available to the Lenders under this Agreement or any other
Loan Document.

 

“Material
Indebtedness” means Indebtedness (other than the Loans and Letters of Credit), or obligations in respect of one or
more Swap Agreements, of any Loan Party in an aggregate principal amount exceeding $100,000,000. For purposes of determining Material
Indebtedness, the “principal amount” of the obligations of any Loan Party in respect of any Swap Agreement at any time
shall be the maximum aggregate amount (giving effect to any netting agreements) that such Loan Party would be required to pay if
such Swap Agreement were terminated at such time.

 

“Maturity
Date” means the date that is four years after the Effective Date.

 

“MGL Entity” has
the meaning assigned to it in Section 9.04(b).

 

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

 

“Multiemployer
Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

 

“Net Cash
Interest Expense” means for any Test Period, the excess of (A) the sum of, without duplication, cash interest expense
in connection with Total Debt, to the extent treated as interest in accordance with GAAP (except as otherwise provided in the definition
of Capital Lease Obligations), in each case, of or by each of the Loan Parties on a standalone basis for the most recently completed
Test Period over (B) any cash interest income received by the Loan Parties on a standalone basis during such Test Period.

 

    	 	18	 

     

    

  

“Net Cash
Proceeds” means with respect to any asset sale, the gross cash proceeds (including cash proceeds subsequently received
(as and when received) in respect of noncash consideration initially received) and, in the case of any Equity Interest consideration
received, the fair market value thereof (as determined by a Financial Officer of the Borrower in his or her good faith judgment
(and consistent with the applicable acquisition agreement)), net of (i) selling expenses (including reasonable broker’s fees
or commissions, legal fees, transfer and similar taxes and the Borrower’s good faith estimate of income taxes paid or payable
in connection with such sale), (ii) amounts provided as a reserve, in accordance with GAAP, against any liabilities under any indemnification
obligations or purchase price adjustment associated with such asset sale (provided that, to the extent and at the time any such
amounts are released from such reserve, such amounts shall constitute Net Cash Proceeds) and (iii) the principal amount, premium
or penalty, if any, interest and other amounts on any Indebtedness which is secured by the asset sold in such asset sale and which
is required to be repaid with such proceeds (other than the Loans or any such Indebtedness assumed by the purchaser of such asset);
provided, however, that, if the Borrower shall deliver a certificate of the Borrower to the Administrative Agent
at or promptly following the time of receipt thereof setting forth the Borrower’s intent to reinvest such proceeds in assets
or businesses used or useful in the business of the Borrower or any of its Subsidiaries within 12 months of receipt of such proceeds,
such proceeds shall not constitute Net Cash Proceeds except to the extent not so used at the end of such 12 month period (or, if
the Borrower commits to reinvest such proceeds within 12 months following receipt thereof, within 18 months of receipt thereof),
at which time such proceeds shall be deemed to be Net Cash Proceeds.

 

“Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document
or otherwise with respect to any Loan or Letter of Credit, in each case (including those acquired by assumption), whether absolute
or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement
of any Bankruptcy Event by or against any Loan Party naming such Person as the debtor in such proceeding, regardless of whether
such interest and fees are allowed claims in such proceeding.

 

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

 

“Other
Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt
or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other
Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.19).

 

“Participant”
has the meaning assigned to such term in Section 9.04(c).

 

“Participant
Register” has the meaning assigned to such term in Section 9.04(c).

 

“PBGC”
means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions.

 

    	 	19	 

     

    

  

“Permitted
Borrower Junior Secured Debt” has the meaning assigned to such term in Section 6.02.

 

“Permitted
Borrower Secured Debt” has the meaning assigned to such term in Section 6.02.

 

“Permitted
Cure Security” means Equity Interests of the Borrower other than Disqualified Equity Interests.

 

“Permitted
Guarantor Debt” means (i) Indebtedness with respect to surety, appeal and performance bonds obtained in the ordinary
course of business, and (ii) Indebtedness owed in respect of any Cash Management Agreements and other netting services, overdrafts
and related liabilities arising from treasury, depository and cash management services or any swap or hedge arrangement, or in
connection with any automated clearing-house transfers of funds.

 

“Permitted
Encumbrances” means:

 

(a)          Liens
for Taxes that are not yet due or are being contested in compliance with Section 5.04;

 

(b)          bankers’,
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other Liens imposed by law,
arising in the ordinary course of business and securing obligations that are not overdue by more than 60 days or are being contested
in compliance with Section 5.04;

 

(c)          pledges
and deposits made in the ordinary course of business in compliance with workers' compensation, unemployment insurance and other
social security laws or regulations and deposits securing liability to insurance carriers under insurance or self-insurance arrangements;

 

(d)          deposits
to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and
other obligations of a like nature, in each case in the ordinary course of business;

 

(e)          Liens
on deposit accounts or securities accounts, including bankers’ Liens and rights of setoff arising in the ordinary course
of business;

 

(f)          judgment
liens in respect of judgments that do not constitute an Event of Default under clause (k) of Article VII; and

 

(g)          easements,
restrictions, licenses, reservations, utility easements, rights-of-way and similar encumbrances on real property imposed by law
or arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the
value of the affected property or materially interfere with the ordinary conduct of business of the Borrower and its Subsidiaries,
taken as a whole;

 

provided that the term “Permitted
Encumbrances” shall not include any Lien securing Indebtedness.

 

    	 	20	 

     

    

  

“Permitted
Refinancing Indebtedness” means Indebtedness issued or incurred (“Refinancing Indebtedness”)
(including by means of the extension or renewal of existing Indebtedness) to refinance, refund, extend, renew or replace Indebtedness
existing at any time (“Refinanced Indebtedness”); provided that (a) the principal amount of such
Refinancing Indebtedness is not greater than the principal amount of such Refinanced Indebtedness, plus the amount of any
premiums or penalties and accrued, capitalized or unpaid interest paid thereon and reasonable fees and expenses, in each case associated
with such Refinancing Indebtedness, (b) such Refinancing Indebtedness has a final maturity that is no earlier than, and a weighted
average life to maturity that is no shorter than, such Refinanced Indebtedness, (c) if such Refinanced Indebtedness or any Guarantees
thereof or any security therefor are subordinated to the Obligations, such Refinancing Indebtedness and any Guarantees thereof
and security therefor are also so subordinated on terms no less favorable to the Lenders and the other Secured Parties, (d) the
obligors in respect of such Refinanced Indebtedness immediately prior to such refinancing, refunding, extending, renewing or replacing
are the only obligors on such Refinancing Indebtedness, (e) such Refinancing Indebtedness shall not be secured by any collateral
except that such Refinancing Indebtedness may be secured with the same (or fewer) assets, if any, that constituted collateral for
the applicable Refinanced Indebtedness immediately prior to such refinancing, refunding, extending , renewing or replacing and
(f) such Refinancing Indebtedness contains covenants and events of default and is benefited by Guarantees, if any, which, taken
as a whole, are no less favorable to the Loan Parties and the Secured Parties in any material respect than the covenants and events
of default or Guarantees, if any, in respect of such Refinanced Indebtedness.

 

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

 

“Plan”
means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section
412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were
terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

 

“Pledge
Agreement” means the Amended and Restated Pledge Agreement, executed by the Borrower and the Administrative Agent
on the Effective Date, and any additional Pledge Agreement executed after the Effective Date pursuant to Section 9.19(c) in the
form attached hereto as Exhibit D.

 

“Pledge
Release Date” has the meaning assigned to it in Section 9.19.

 

“Pledge
Release Period” means the period beginning on any Pledge Release Date and ending with the next subsequent Pledge
Trigger Date.

 

“Pledge
Trigger Date” means the first date after any Pledge Release Date on which an Investment Grade Period is not continuing.

 

“Pledged
Collateral” has the meaning assigned to it in the Pledge Agreement.

 

“Pledged
Equity” has the meaning assigned to it in the Pledge Agreement.

 

    	 	21	 

     

    

  

“Post-Acquisition
Period” means, with respect to any Acquisition, the period beginning on the date such Acquisition is consummated
and ending on the last day of the four full consecutive fiscal quarter immediately following the date on which such Acquisition
is consummated.

 

“Prime
Rate” means the rate of interest per annum publicly announced by the Administrative Agent as its prime rate
in effect at its principal office located in New York, New York; each change in the Prime Rate shall be effective from and including
the date such change is publicly announced as being effective.

 

“Pro Forma
Adjustment” means, for any Test Period that includes all or any part of a fiscal quarter included in any Post-Acquisition
Period, with respect to the Borrower CFADS, (a) the pro forma increase or decrease in such Borrower CFADS, as the case may be,
that is factually supportable and is expected to have a continuing impact and (b) additional good faith pro forma adjustments arising
out of cost savings initiatives attributable to such transaction and additional costs associated with the combination of the operations
of such Acquisition with the operations of the Borrower and its Subsidiaries, in each case being given pro forma effect, that (i)
have been realized or (ii) will be implemented following such transaction and are supportable and quantifiable and expected in
good faith to be realized within such Post-Acquisition Period as certified by a Financial Officer of the Borrower, in each case,
including, but not limited to, (w) reduction in personnel expenses, (x) reduction of costs related to administrative functions,
(y) reductions of costs related to leased or owned properties and (z) reductions from the consolidation of operations and streamlining
of corporate overhead) taking into account, for purposes of determining such compliance, the historical financial statements of
the acquired entity or business and the consolidated financial statements of the Borrower and its Subsidiaries, assuming such Acquisition,
and all other Acquisitions that have been consummated during the period, and any Indebtedness or other liabilities repaid in connection
therewith had been consummated and incurred or repaid at the beginning of such period (and assuming that such Indebtedness to be
incurred bears interest during any portion of the applicable measurement period prior to the relevant acquisition at the interest
rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination); provided
that, so long as such actions are initiated during such Post-Acquisition Period or such costs are incurred during such Post-Acquisition
Period, as applicable, for purposes of projecting such pro forma increase or decrease to such Borrower CFADS, as the case may be,
it may be assumed that such cost savings will be realizable during the entirety of such Test Period, or such additional costs,
as applicable, will be incurred during the entirety of such Test Period; and provided, further, that the aggregate adjustment pursuant
to clause (b)(ii) so permitted in any period shall not exceed 15% of the portion of Borrower CFADS attributable to such Acquisition
for such period (determined before giving effect to any adjustment thereto pursuant to clause (b)(ii)).

 

    	 	22	 

     

    

  

“Pro Forma
Basis” and “Pro Forma Effect” mean, with respect to compliance with any test hereunder
for an applicable period of measurement, that to the extent applicable, the Pro Forma Adjustment shall have been made and related
transactions and the following transactions in connection therewith shall be deemed to have occurred as of the first day of the
applicable period of measurement (as of the last date in the case of a balance sheet item) in such test: (a) income statement items
(whether positive or negative) attributable to the property or Person subject to such transaction, in the case of a disposition
of all or substantially all Equity Interests in any Subsidiary of the Borrower or any division, product line, or facility used
for operations of the Borrower or any of its Subsidiaries, shall be excluded, (b) any retirement of Indebtedness, (c) calculations
of Borrower’s Senior Secured Net Leverage Ratio shall be calculated (i) without giving effect to any netting of cash proceeds
from any incurrence of any Indebtedness and (ii) with giving effect to any reduction of cash used for any such related transaction
(including any Restricted Payment) and (d) any Indebtedness incurred or assumed by the Borrower or any of its Subsidiaries in connection
therewith (calculated without giving effect to any netting of cash proceeds from any such incurrence for purposes of calculations
of the Borrower’s Senior Secured Net Leverage Ratio) and if such Indebtedness has a floating or formula rate, shall have
an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate which is
or would be in effect with respect to such Indebtedness as at the relevant date of determination; provided that, without
limiting the application of the Pro Forma Adjustment pursuant to (A) above, the foregoing pro forma adjustments may be applied
to any such test solely to the extent that such adjustments are consistent with the definition of Borrower CFADS and give effect
to events (including operating expense reductions) that are (as determined by the Borrower in good faith) (i) (x) directly attributable
to such transaction, (y) expected to have a continuing impact on the Borrower and its Subsidiaries and (z) factually supportable
or (ii) otherwise consistent with the definition of Pro Forma Adjustment.

 

“Public-Sider”
means a Lender or any representative of such Lender that does not want to receive material non-public information (within the meaning
of the federal and state securities laws) about the Borrower or its Subsidiaries.

 

“Ratings
Reaffirmation Period” has the meaning assigned to such term in Section 6.04.

 

“Recipient”
means (a) the Administrative Agent, (b) any Lender and (c) any Issuing Bank, as applicable.

 

“Register”
has the meaning assigned to such term in Section 9.04(b).

 

“Related
Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors,
officers, employees, agents and advisors of such Person and such Person’s Affiliates.

 

“Required
Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than
50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time. If at any time there are two (2) or
more Lenders with Revolving Credit Exposure, then at least two (2) such Lenders that otherwise satisfy the foregoing provisions
of this definition shall be necessary to constitute Required Lenders (for purposes of determining the number of Lenders under this
sentence, a Lender and any other Lenders that are Affiliates or Approved Funds of such Lender shall be counted as a single Lender).

 

“Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to
any Equity Interests in the Borrower, or any payment (whether in cash, securities or other property), including any sinking fund
or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity
Interests in the Borrower or any option, warrant or other right to acquire any such Equity Interests in the Borrower (in each case
other than dividends, other distributions or payments payable solely in common stock of the Borrower or options, warrants or rights
to purchase shares of such common stock).

 

    	 	23	 

     

    

  

“Revolving
Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such
Lender’s Revolving Loans and its LC Exposure at such time.

 

“Revolving
Loan” means a Loan made pursuant to Section 2.03.

 

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

 

“Sanctioned
Country” means, at any time, a country, region or territory which is the subject or target of any Sanctions.

 

“Sanctioned
Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained
by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, (b) any Person operating,
organized or resident in a Sanctioned Country or (c) any Person controlled by any such Person.

 

“Sanctions”
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the (a) U.S. government,
including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department
of State, or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom.

 

“SEC”
means the Securities and Exchange Commission of the United State of America.

 

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

 

“Secured
Obligations” means (a) the Obligations, (b) the due and punctual payment and performance of all obligations of any
Loan Party under each Hedging Agreement entered into with any counterparty that is a Hedge Bank (other than Excluded Swap Obligations)
and (c) the due and punctual payment and performance of all obligations of any Loan Party (including overdrafts and related liabilities)
under each Secured Cash Management Agreement.

 

“Secured
Parties” means the Lenders, the Issuing Banks, the Administrative Agent and any other holder of any Secured Obligation.

 

“Security
Documents” means the Pledge Agreement and each other security agreement executed and delivered pursuant to or in
connection with this Agreement or any other Loan Document to secure any of the Secured Obligations.

 

“Senior
Secured Indebtedness” means, at any date of determination, the aggregate principal amount of Total Debt outstanding
on such date that is secured by a Lien on any asset or property of any Loan Party, which is not, by its terms, subordinated in
right of payment to the Obligations.

 

    	 	24	 

     

    

  

“Solvent”
means, with respect to any Person as of any date of determination, that, as of such date, (a) the value of the assets of such Person
is greater than the total amount of liabilities (including contingent and unliquidated liabilities) of such Person, (b) such Person
is able to pay all liabilities of such Person as such liabilities mature and (c) such Person does not have unreasonably small capital
in relation to its business. In computing the amount of contingent or unliquidated liabilities at any time, such liabilities shall
be computed at the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can
reasonably be expected to become an actual or matured liability.

 

“Specified
Event of Default” means an Event of Default pursuant to Section 7.01(a), (b), (h) or (i).

 

“Statutory
Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and 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 LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation
D of the Board). Such reserve percentage shall include those imposed pursuant to such Regulation D. Eurodollar 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 Lender under such Regulation D or any comparable regulation. The Statutory
Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

 

“subsidiary”
means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company,
partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s
consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as
any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership
interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership,
more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such
date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries
of the parent.

 

“Subsidiary”
means any subsidiary of the Borrower.

 

“Swap Agreement”
means any agreement with respect to any swap, forward, future or derivative transaction or 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 these transactions; provided that no phantom stock or similar plan providing for payments only on account of services
provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap
Agreement.

 

    	 	25	 

     

    

  

“Swap Obligation”
means, with respect to the 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.

 

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

 

“Test Period”
means, at any date of determination, the period of the most recently completed four fiscal quarters of the Borrower ended on or
prior to such date.

 

“Total
Debt” shall mean, at any date, the aggregate principal amount of all Indebtedness for borrowed money (including purchase
money Indebtedness), unreimbursed drawings under letters of credit, Capital Lease Obligations and Indebtedness obligations evidenced
by notes or similar instruments, in each case of any Loan Party outstanding as of such date that would be reflected on a balance
sheet of the Borrower prepared as of such date on a consolidated basis in accordance with GAAP (except as otherwise provided in
the definition of Capital Lease Obligations).

 

“Transactions”
means, the execution, delivery and performance by the Borrower of this Agreement.

 

“Type”,
when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising
such Borrowing, is determined by reference to the Adjusted LIBO Rate, the Alternate Base Rate.

 

“U.S. Person”
means a “United States person” within the meaning of Section 7701(a)(30) of the Code.

 

“U.S. Tax
Compliance Certificate” has the meaning assigned to such term in Section 2.17(f)(ii)(B)(3).

 

“Withdrawal
Liability” means 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.

 

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

 

Section
1.02. Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred
to by class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurodollar
Loan”) or by class and Type (e.g., a “Eurodollar Revolving Loan”). Borrowings
also may be classified and referred to by class (e.g., a “Revolving Borrowing”) or by Type
(e.g., a “Eurodollar Borrowing”) or by class and Type (e.g., a “Eurodollar
Revolving Borrowing”).

 

    	 	26	 

     

    

 

Section
1.03. 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”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement, instrument or other document as from time to time replaced,
amended, amended and restated, supplemented or otherwise modified (subject to any restrictions on such replacements, amendments,
amendments and restatements, supplements or modifications set forth herein), (b) any reference to any law or statute herein shall,
unless otherwise specified, refer to such law or statute as amended, modified or supplemented from time to time, (c) any reference
herein to any Person shall be construed to include such Person’s successors and assigns, (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, (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 and (f) the words “asset”
and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and contract rights.

 

Section
1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial
nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies
the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change
occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative
Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless
of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall
be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such
notice shall have been withdrawn or such provision amended in accordance herewith. 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 Financial Accounting Standards Board Accounting Standards
Codification 825 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other
liabilities of the Borrower or any Subsidiary at “fair value”, as defined therein.

 

Article
II

The Credits

 

Section
2.01. Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving Loans
to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such
Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or (ii) the aggregate Revolving Credit Exposure
of all Lenders exceeding the aggregate Commitments of all Lenders. Within the foregoing limits and subject to the terms and conditions
set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans.

 

    	 	27	 

     

    

  

Section
2.02. Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving
Loans made by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to make any Loan required
to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders
are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.

 

(b)          Subject
to Section 2.14, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request
in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate
of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower
to repay such Loan in accordance with the terms of this Agreement.

 

(c)          At
the commencement of each Interest Period for any Eurodollar Revolving Borrowing, such Borrowing shall be in an aggregate amount
that is not less than $5,000,000 and any integral multiple of $500,000 in excess thereof. At the time that each ABR Revolving Borrowing
is made, such Borrowing shall be in an aggregate amount that is not less than $1,000,000 and any integral multiple of $500,000
in excess thereof and; provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the entire
unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated
by Section 2.06(e). Borrowings of more than one Type may be outstanding at the same time; provided that there shall not
at any time be more than a total of 10 Eurodollar Revolving Borrowings outstanding.

 

(d)          Notwithstanding
any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing
if the Interest Period requested with respect thereto would end after the Maturity Date.

 

Section
2.03. Requests for Revolving Borrowings. To request a Revolving Borrowing, the Borrower shall notify the Administrative
Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three
Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New
York City time, one Business Day before the date of the proposed Borrowing; provided that any such notice of an ABR Revolving
Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e) may be given not later than 11:00
a.m., New York City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and
shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request in a form approved
by the Administrative Agent and signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following
information in compliance with Section 2.02:

 

(i)          the
aggregate amount of the requested Borrowing;

 

    	 	28	 

     

    

  

(ii)         the
date of such Borrowing, which shall be a Business Day;

 

(iii)        whether
such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing;

 

(iv)        in
the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated
by the definition of the term “Interest Period”; and

 

(v)         the
location and number of the bank account to which funds are to be disbursed.

 

If no election as to the Type of Revolving
Borrowing is specified, then the requested Revolving Borrowing shall be an ABR Borrowing. If no Interest Period is specified with
respect to any requested Eurodollar Revolving Borrowing, then the Borrower shall be deemed to have selected an Interest Period
of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative
Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested
Borrowing.

 

Section
2.04. [Reserved].

 

Section
2.05. [Reserved].

 

Section
2.06. Letters of Credit. (a) General. Subject to the terms and conditions set forth herein, the Borrower may
request the issuance of Letters of Credit as the applicant thereof for the support of its or its Subsidiaries’ obligations,
in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to time
during the LC 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 the Borrower to, or entered into
by the Borrower with, any Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control.
Notwithstanding anything herein to the contrary, (i) Barclays Bank PLC and Royal Bank of Canada will only issue standby Letters
of Credit and shall have no obligation hereunder to issue, and shall not issue, any commercial or trade Letters of Credit, (ii)
the Issuing Banks shall have no obligation hereunder to issue, and shall not issue, any Letter of Credit the proceeds of which
would be made to any Person (y) to fund any activity or business of or with any Sanctioned Person, or in any country, region or
territory, that at the time of such funding is the subject of any Sanctions or (z) in any manner that would result in a violation
of any Sanctions by any party to this Agreement, (iii) no Issuing Bank shall be under any obligation to amend or extend any Letter
of Credit if (y) such Issuing Bank would have no obligation at such time to issue the Letter of Credit in its amended form under
the terms hereof or (z) the beneficiary of such Letter of Credit does not accept the proposed amendment thereto and (iv) no Issuing
Bank shall be under any obligation to issue any Letter of Credit if:

 

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

 

    	 	29	 

     

    

  

(B)         the
issuance of such Letter of Credit would violate one or more policies of such Issuing Bank applicable to letters of credit generally;

 

(C)         except
as otherwise agreed by the Administrative Agent and such Issuing Bank, such Letter of Credit is in an initial stated amount less
than $10,000;

 

(D)         such
Letter of Credit is to be denominated in a currency other than Dollars; or

 

(E)         such
Letter of Credit contains any provisions for automatic reinstatement of the stated amount after any drawing thereunder.

 

(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), the Borrower shall hand deliver or telecopy (or transmit by electronic
communication, if arrangements for doing so have been approved by such Issuing Bank) to an Issuing Bank and the Administrative
Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension, but in any event no less than
three Business Days (or such short period as acceptable to such Issuing Bank)) 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 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, the Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form appropriately
completed and signed by a Financial Officer of the Borrower including agreed-upon draft language for such Letter of Credit reasonably
acceptable to the applicable Issuing Bank 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 the Borrower
shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC
Exposure shall not exceed $200,000,000, (ii) the aggregate undrawn amount of all outstanding Letters of Credit of any Issuing Bank
at such time plus the aggregate amount of all LC Disbursements with respect to any such Letters of Credit that have not yet been
reimbursed by or on behalf of the Borrower at such time shall not exceed such Issuing Bank’s Letter of Credit Sublimit; provided
that any Issuing Bank may agree in its sole discretion and in writing to issue, amend, renew or extend a Letter of Credit in excess
of its Letter of Credit Sublimit; provided, further that, for the avoidance of doubt, any such agreement shall not
be deemed to increase such Issuing Bank’s Letter of Credit Sublimit and shall be made on a case-by-case basis without any
consideration of previous agreements pursuant to the first proviso to this clause (ii) with respect to the applicable Letter of
Credit (in the case of an amendment, renewal or extension) or otherwise, (iii) no Lender’s Revolving Credit Exposure shall
exceed its Commitment and (iv) the aggregate Revolving Credit Exposure of all Lenders shall not exceed the aggregate Commitments
of all Lenders.

 

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(c)          Expiration
Date. Each Letter of Credit shall expire (or be subject to termination by notice from the applicable Issuing Bank to the beneficiary
thereof) at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter
of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that
is five Business Days prior to the Maturity Date.

 

(d)          Participations.
By the issuance of a Letter of Credit by an Issuing Bank (or an amendment to a Letter of Credit increasing the amount thereof)
and without any further action on the part of such Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender,
and each Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Applicable
Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the
foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of each
Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by
the Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded
to the Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this
paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever,
including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction
or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction
whatsoever.

 

(e)          Reimbursement.
If any Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement
by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 12:00 noon, New York City time, on
the Business Day immediately following the day that the Borrower receives such notice, if such notice is not received prior to
such time on the day of receipt; provided that the Borrower may, subject to the conditions to borrowing set forth herein,
request in accordance with Section 2.03 or 2.05 that such payment be financed with an ABR Revolving Borrowing in an equivalent
amount and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by
the resulting ABR Revolving Borrowing. If the Borrower fails to make such payment when due, the Administrative Agent shall notify
each Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s
Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its
Applicable Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.07 with respect to
Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and
the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Lenders. Promptly
following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent
shall distribute such payment to the applicable Issuing Bank or, to the extent that Lenders have made payments pursuant to this
paragraph to reimburse any Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear. Any payment
made by a Lender pursuant to this paragraph to reimburse any Issuing Bank for any LC Disbursement (other than the funding of ABR
Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse
such LC Disbursement.

 

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(f)          Obligations
Absolute. The Borrower’s 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 any Issuing Bank under a Letter of Credit 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,
the Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor the Issuing Banks, nor 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 an Issuing Bank; provided
that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct
damages (as opposed to special, indirect, consequential or punitive damages, claims in respect of which are hereby waived by the
Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by 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 any Issuing Bank
(as finally determined 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, the Issuing
Bank with respect to such Letter of Credit 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 issued by such Issuing Bank. Such Issuing Bank shall promptly notify the Administrative
Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the 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
the Borrower of its obligation to reimburse such Issuing Bank and the Lenders with respect to any such LC Disbursement.

 

    	 	32	 

     

    

  

(h)          Interim
Interest. If any Issuing Bank shall make any LC Disbursement, then, unless the Borrower 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 the reimbursement is due and payable at the rate per annum
then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due
pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall
be for the account of such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to
paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

 

(i)          Replacement
or Resignation of the Issuing Bank. Any Issuing Bank may be replaced at any time by written agreement among the Borrower, the
Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. Any Issuing Bank may resign as an Issuing Bank
if it ceases to be a Lender under this Agreement. The Administrative Agent shall notify the Lenders of any such replacement or
resignation of such Issuing Bank. At the time any such replacement or resignation shall become effective, the Borrower shall pay
all unpaid fees accrued for the account of the replaced or resigned Issuing Bank pursuant to Section 2.12(b). From and after the
effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of such replaced
Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term
“Issuing Bank” shall be deemed to include reference to such successor or to any previous Issuing Bank, or to such successor
and all previous Issuing Banks, as the context shall require. After the replacement or resignation of any Issuing Bank hereunder,
the replaced or resigned Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of
an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement or resignation, but
shall not be required to issue additional Letters of Credit.

 

(j)          Cash
Collateralization. Upon (w) the Maturity Date, (x) termination of the Commitments, (y) the circumstances described in Section
2.20(b)(ii) or (z) if any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice
from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, the Issuing Banks
or Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant
to this paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent
and for the benefit of the Lenders, an amount in cash equal to 103% of the LC Exposure as of such date plus any accrued and unpaid
interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such
deposit shall become immediately due and payable, without demand or other notice of any kind, upon the Maturity Date, termination
of the Commitments or the occurrence of any Event of Default with respect to the Borrower described in clause (h) or (i) of Article
VII. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of
the 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 at the option and sole discretion of the Administrative Agent and at the 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 each Issuing Bank for LC Disbursements for which it has not been reimbursed
and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the
LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of the Issuing Banks
or Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other obligations of
the Borrower under this Agreement. If the 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 the Borrower upon
the Borrower’s written request within three Business Days after all Events of Default have been cured or waived.

 

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Section
2.07. Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date
thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account of the Administrative
Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available
to the Borrower by promptly crediting the amounts so received, in like funds, to an account of a Loan Party maintained with the
Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that
ABR Revolving Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.06(e) shall be remitted by
the Administrative Agent to the applicable Issuing Bank.

 

 

(b)          Unless
the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender
will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume
that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance
upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its
share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally
agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from
and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative
Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of the Borrower, the interest rate
applicable to ABR Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an
overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower
for such period. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s
Loan included in such Borrowing.

 

Section
2.08. Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable
Borrowing Request and, in the case of a Eurodollar Revolving Borrowing, shall have an initial Interest Period as specified in such
Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing
and, in the case of a Eurodollar Revolving Borrowing, may elect Interest Periods therefor, all as provided in this Section. The
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 Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion
shall be considered a separate Borrowing.

 

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(b)          To
make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone by
the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Revolving Borrowing of
the Type 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 in a form approved by the Administrative Agent and signed by the Borrower.

 

(c)          Each
telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02:

 

(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;

 

(iii)        whether
the resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and

 

(iv)        if
the resulting Borrowing is a Eurodollar 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 Eurodollar Borrowing but does not specify an Interest Period, then the 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 Lender of the details thereof and
of such Lender’s portion of each resulting Borrowing.

 

(e)          If
the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Revolving 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 an ABR Borrowing. Notwithstanding any contrary provision hereof, if a Specified Event
of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the
Borrower, then, so long as a Specified Event of Default is continuing (i) no outstanding Revolving Borrowing may be converted to
or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Revolving Borrowing shall be converted to an ABR
Borrowing at the end of the Interest Period applicable thereto.

 

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Section
2.09. Termination and Reduction of Commitments. (a) Unless previously terminated, the Commitments shall terminate
on the Maturity Date and to the extent provided in Section 7.01.

 

(b)          The
Borrower may at any time terminate, or from time to time reduce the Commitments; provided that (i) each reduction of the
Commitments shall be in an amount that is not less than $1,000,000 and any integral multiple of $500,000 in excess thereof and
(ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans
in accordance with Section 2.11, the sum of the Revolving Credit Exposures would exceed the total Commitments.

 

(c)          The
Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this
Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and
the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the
contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice
of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of
other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or
prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall
be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments.

 

Section
2.10. Repayment of Loans; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay to the Administrative
Agent for the account of each Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date.

 

(b)          Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower
to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to
such Lender from time to time hereunder.

 

(c)          The
Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Type thereof
and the Interest 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 hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the
account of the Lenders and each Lender’s share thereof.

 

(d)          The
entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall be prima facie evidence of
the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative
Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the
Loans in accordance with the terms of this Agreement.

 

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(e)          Any
Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute
and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender
and its registered assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory
note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more
promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered note,
to such payee and its registered assigns).

 

Section
2.11. Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any
Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

 

(b)          The
Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case
of prepayment of a Eurodollar Revolving Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the
date of prepayment or (ii) in the case of prepayment of an ABR Revolving Borrowing, not later than 11:00 a.m., New York City time,
one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and
the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given
in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice of
prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt
of any such notice relating to a Revolving Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof.
Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in the case of an advance of a
Revolving Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Revolving Borrowing shall be applied ratably
to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by
Section 2.13.

 

Section
2.12. Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment
fee, which shall accrue at the Applicable Rate on the daily amount of the unused Commitment of such Lender during the period from
and including the Effective Date to but excluding the date on which such Commitment terminates; provided that, if such Lender
continues to have any Revolving Credit Exposure after its Commitment terminates, then such commitment fee shall continue to accrue
on the daily amount of such Lender’s Revolving Credit Exposure from and including the date on which its Commitment terminates
to but excluding the date on which such Lender ceases to have any Revolving Credit Exposure. Accrued commitment fees shall be payable
in arrears on the last day of March, June, September and December of each year and on the date on which the Commitments terminate,
commencing on the first such date to occur after the date hereof; provided that any commitment fees accruing after the date
on which the Commitments terminate shall be payable on demand. 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). For purposes
of computing commitment fees, the Commitment of any Lender shall be deemed to be used to the extent of the Revolving Credit Exposure
of such Lender.

 

    	 	37	 

     

    

  

(b)          The
Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender a participation fee with respect to its participations
in Letters of Credit, which shall accrue at the same Applicable Rate used to determine the interest rate applicable to Eurodollar
Revolving Loans on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed
LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date on which such
Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and (ii) to each Issuing
Bank a fronting fee, which shall accrue at the rate or rates per annum separately agreed upon between the Borrower and such
Issuing Bank on the face amount of each Letter of Credit of 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 of such Issuing Bank 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 any 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).

 

(c)          The
Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately
agreed upon between the Borrower and the Administrative Agent.

 

(d)          The
Borrower agrees to pay fees in the amounts and at the times agreed pursuant to the Fee Letters.

 

(e)          All
fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to the Issuing
Banks, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders.
Fees paid shall not be refundable under any circumstances.

 

Section
2.13. Interest. (a) The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the
Applicable Rate.

 

(b)          The
Loans comprising each Eurodollar Borrowing shall bear interest in the case of a Eurodollar Revolving Loan, at the Adjusted LIBO
Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.

 

(c)          [Reserved]

 

(d)          Notwithstanding
the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by the Borrower hereunder is not
paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well
as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise
applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other amount, 2% plus
the rate applicable to ABR Loans as provided in paragraph (a) of this Section.

 

    	 	38	 

     

    

  

(e)          Accrued
interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, in the case of Revolving Loans,
upon termination of the Commitments; provided that (i) interest accrued pursuant to paragraph (d) of this Section shall
be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving
Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable
on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Revolving Loan prior to
the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

 

(f)          All
interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Alternate
Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days
(or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day
but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative
Agent, and such determination shall be conclusive absent manifest error.

 

Section
2.14. Alternate Rate of Interest. (a) If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

 

(i)          the
Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means
do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable (including, without limitation, because the
LIBO Screen Rate is not available or published on a current basis), for such Interest Period; or

 

(ii)         the
Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest
Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its
Loan) included in such Borrowing for such Interest Period;

 

then the Administrative Agent shall give
notice thereof to the Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative
Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (A) any Interest
Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurodollar
Borrowing shall be ineffective, and (B) if any Borrowing Request requests a Eurodollar Revolving Borrowing, such Borrowing shall
be made as an ABR Borrowing.

 

    	 	39	 

     

    

  

(b)          If
at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (i) the circumstances
set forth in clause (a)(i) have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set forth
in clause (a)(i) have not arisen but the supervisor for the administrator of the LIBO Screen Rate or a Governmental Authority having
jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which the LIBO Screen
Rate shall no longer be used for determining interest rates for loans, then reasonably promptly after such determination, the Administrative
Agent and the Borrower shall endeavor to establish an alternate rate of interest to the LIBO Rate that gives due consideration
to the then prevailing market convention for determining a rate of interest for syndicated loans in the United States at such time,
and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related changes to
this Agreement as may be applicable (but for the avoidance of doubt, such related changes shall not include a reduction of the
Applicable Rate). Notwithstanding anything to the contrary in Section 9.02, such amendment shall become effective without any further
action or consent of any other party to this Agreement so long as the Administrative Agent shall not have received, within five
Business Days of the date notice of such alternate rate of interest is provided to the Lenders, a written notice from the Required
Lenders stating that such Required Lenders object to such amendment. Until an alternate rate of interest shall be determined in
accordance with this clause (b) (but, in the case of the circumstances described in clause (ii) of the first sentence of this Section
2.14(b), only to the extent the LIBO Rate for such Interest Period is not available or published at such time on a current basis),
(x) any Interest Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving
Borrowing as, a Eurodollar Borrowing shall be ineffective and (y) if any Borrowing Request requests a Eurodollar Revolving Borrowing,
such Borrowing shall be made as an ABR Borrowing; provided that, if such alternate rate of interest shall be less than zero,
such rate shall be deemed to be zero for purposes of this Agreement.

 

Section
2.15. Increased Costs. (a) If any Change in Law shall:

 

(i)          impose,
modify or deem applicable any reserve, special deposit, liquidity or similar requirement (including any compulsory loan requirement,
insurance charge or other assessment) against assets of, deposits with or for the account of, or credit extended by, any Lender
(except any such reserve requirement reflected in the Adjusted LIBO Rate) or any Issuing Bank;

 

(ii)         impose
on any Lender or any Issuing Bank or the London interbank market any other condition, cost or expense (other than Taxes) affecting
this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation therein; or

 

(iii)        subject
any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition
of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations,
or its deposits, reserves, other liabilities or capital attributable thereto;

 

and the result of any of the foregoing
shall be to increase the cost to such Lender or such other Recipient of making, continuing, converting or maintaining any Eurodollar
Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender, such Issuing Bank or such
other Recipient of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or
receivable by such Lender, such Issuing Bank or such other Recipient hereunder (whether of principal, interest or otherwise), then
the Borrower will pay to such Lender, such Issuing Bank or such other Recipient, as the case may be, such additional amount or
amounts as will compensate such Lender, such Issuing Bank or such other Recipient, as the case may be, for such additional costs
actually incurred or reduction actually suffered.

 

    	 	40	 

     

    

  

(b)          If
any Lender or any Issuing Bank determines that any Change in Law regarding capital or liquidity requirements has or would have
the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of such
Lender’s or such Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or
participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below
that which such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company could have achieved
but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies
of such Lender’s or such Issuing Bank’s holding company with respect to capital adequacy and liquidity), then from
time to time the Borrower will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as
will compensate such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company for any such
reduction suffered.

 

(c)          A
certificate of a Lender or a Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or such Issuing
Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section, and setting forth in reasonable
detail the manner in which such amount or amounts shall have been determined, shall be delivered to the Borrower and shall be conclusive
absent manifest error. The Borrower shall pay such Lender or such Issuing Bank, as the case may be, the amount shown as due on
any such certificate within 10 days after receipt thereof.

 

(d)          Notwithstanding
anything to the contrary in this Agreement, no Lender nor Issuing Bank shall be entitled to request any payment or amount under
this Section 2.15 unless such Lender or Issuing Bank is generally demanding payment (and certifies to the Borrower that it is
generally demanding payment) under comparable provisions of its agreements with similarly situated borrowers of similar credit
quality (provided, that the Administrative Agent shall be under no obligation to verify any such request of a Lender). Failure
or delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to this Section shall not constitute a
waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided that the Borrower
shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions
incurred more than 90 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Borrower
of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or such Issuing Bank’s
intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased
costs or reductions is retroactive, then the 90-day period referred to above shall be extended to include the period of retroactive
effect thereof.

 

Section
2.16. Break Funding Payments. In the event of (a) the payment of any principal of any Eurodollar Loan other than
on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of
any Eurodollar Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue
or prepay any Eurodollar Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice
may be revoked under Section 2.11(b) and is revoked in accordance therewith), (d) [Reserved] or (e) the assignment of any Eurodollar
Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to
Section 2.19, then, in any such event, the Borrower shall compensate each Lender for the loss (other than loss of profit or Applicable
Rate), cost and expense attributable to such event. A certificate of any Lender setting forth any amount or amounts that such Lender
is entitled to receive pursuant to this Section, and setting forth in reasonable detail the manner in which such amount or amounts
shall have been determined, shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall
pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof.

 

    	 	41	 

     

    

  

Section
2.17. Payments Free of Taxes. (a) Any and all payments by or on account of any obligation of any Loan Party under
any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable
law (as determined in the good faith discretion of an applicable withholding agent) requires the deduction or withholding of any
Tax from any such payment by a withholding agent, then the applicable withholding agent shall be entitled to make such deduction
or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with
applicable law and, if such Tax is an Indemnified Tax, then the sum payable shall be increased as necessary so that after such
deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under
this Section 2.17) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or
withholding been made.

 

(b)          Payment
of Other Taxes by the Borrower. The Borrower shall timely pay to the relevant Governmental Authority in accordance with applicable
law, or at the option of the Administrative Agent timely reimburse it for, Other Taxes.

 

(c)          Evidence
of Payments. As soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority pursuant to this
Section 2.17, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such
Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent.

 

(d)          Indemnification
by the Borrower. The Borrower shall indemnify each Recipient, within 10 days after demand therefor, for the full amount of
any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section)
payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses
arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted
by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by
a 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.

 

    	 	42	 

     

    

  

(e)          Indemnification
by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i)
any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative
Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable
to such Lender’s failure to comply with the provisions of Section 9.04(c) relating to the maintenance of a Participant Register
and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in
connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment
or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby
authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document
or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative
Agent under this paragraph (e).

 

(f)          Status
of Lenders. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made
under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by
the Borrower or the Administrative Agent, original copies of such properly completed and executed documentation reasonably requested
by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of
withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other
documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the
Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting
requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission
of such documentation (other than such documentation set forth in Section 2.17(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not
be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to
any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

 

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

 

(A)         any
Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative
Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S. Federal backup withholding tax;

 

(B)         any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such
number of originals as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent),
whichever of the following is applicable:

 

    	 	43	 

     

    

  

(1)         in
the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect
to payments of interest under any Loan Document, executed originals 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;

 

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

 

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

 

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

 

(C)         any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such
number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent),
executed 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; and

 

(D)         if
a payment made to a Lender under any Loan Document would be subject to withholding Tax imposed by FATCA if such Lender were to
fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of
the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed
by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed
by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably
requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply
with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA
or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA”
shall include any amendments made to FATCA after the date of this Agreement.

 

    	 	44	 

     

    

  

Each Lender agrees
that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update
such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do
so.

 

(g)          Treatment
of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a refund
of any Taxes as to which it has been indemnified pursuant to this Section 2.17 (including by the payment of additional amounts
pursuant to this Section 2.17), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of
indemnity payments made under this Section 2.17 with respect to the Taxes giving rise to such refund), net of all out-of-pocket
expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such
indemnified party the amount paid over pursuant to this paragraph (g) (plus any penalties, interest or other charges imposed by
the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental
Authority. Notwithstanding anything to the contrary in this paragraph (g), in no event will the indemnified party be required to
pay any amount to an indemnifying party pursuant to this paragraph (g) the payment of which would place the indemnified party in
a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and
giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional
amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to
make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying
party or any other Person.

 

(h)          Survival.
Each party’s obligations under this Section 2.17 shall survive the resignation or replacement of the Administrative Agent
or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction
or discharge of all obligations under any Loan Document.

 

(i)          Defined
Terms. For purposes of this Section 2.17, the term “Lender” includes any Issuing Bank and the term
“applicable law” includes FATCA.

 

    	 	45	 

     

    

  

Section
2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) The Borrower shall make each payment required
to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under
Section 2.15, 2.16 or 2.17, or otherwise) prior to 12:00 noon, New York City time, on the date when due, in immediately available
funds, without set off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative
Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such
payments shall be made to the Administrative Agent at its offices at 10 South Dearborn, Chicago, Illinois 60603, except payments
to be made directly to an Issuing Bank as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17
and 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received
by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder
shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and,
in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments
hereunder shall be made in dollars.

 

(b)          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.

 

(c)          If
any Lender shall, by exercising any right of set off or counterclaim or otherwise, obtain payment in respect of any principal of
or interest on any of its Revolving Loans or participations in LC Disbursements resulting in such Lender receiving payment of a
greater proportion of the aggregate amount of its Revolving Loans and participations in LC Disbursements and accrued interest thereon
than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at
face value) participations in the Revolving Loans and participations in LC Disbursements of other Lenders to the extent necessary
so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal
of and accrued interest on their respective Revolving Loans and participations in LC Disbursements; provided that (i) if
any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations
shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of
this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express
terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in
any of its Loans or participations in LC Disbursements to any assignee or participant, other than to the Borrower or any Subsidiary
or Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower consents to the foregoing and agrees,
to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as fully as
if such Lender were a direct creditor of the Borrower in the amount of such participation.

 

    	 	46	 

     

    

  

(d)          Unless
the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative
Agent for the account of the Lenders or the Issuing Banks hereunder that the Borrower will not make such payment, the Administrative
Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption,
distribute to the Lenders or the Issuing Banks, as the case may be, the amount due. In such event, if the Borrower has not in fact
made such payment, then each of the Lenders or the Issuing Banks, as the case may be, severally agrees to repay to the Administrative
Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and
including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater
of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules
on interbank compensation.

 

(e)          If
any Lender shall fail to make any payment required to be made by it pursuant to Section 2.06(d) or (e), 2.07(b), 2.18(d) or 9.03(c),
then the Administrative Agent may, in its discretion and notwithstanding any contrary provision hereof, (i) apply any amounts thereafter
received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections
until all such unsatisfied obligations are fully paid, and/or (ii) hold such amounts in a segregated account over which the Administrative
Agent shall have exclusive control as cash collateral for, and application to, any future funding obligations of such Lender under
any such Section until such obligations are satisfied, in the case of each of clause (i) and (ii) above, in any order as determined
by the Administrative Agent in its discretion.

 

(f)          The
Borrower hereby irrevocably waives the right to direct the application of any and all payments in respect of the Secured Obligations
after the occurrence and during the continuance of an Event of Default and agrees that the Administrative Agent may, and, upon
either (A) the written direction of the Required Lenders or (B) the acceleration of the Obligations pursuant to Section 7.01, shall,
apply all payments in respect of any Secured Obligations of such Borrower and all proceeds of Pledged Collateral in the following
order:

 

first, to pay
interest on and then principal of any portion of the Loans that the Administrative Agent may have advanced on behalf of any Lender
for which the Administrative Agent has not then been reimbursed by such Lender or such Borrower;

 

second, to pay
Secured Obligations in respect of any expense reimbursements or indemnities then due to the Administrative Agent;

 

third, to pay
Secured Obligations in respect of any expense reimbursements or indemnities then due to the Lenders and the Issuing Banks;

 

fourth, to pay
Secured Obligations in respect of any fees then due to the Administrative Agent, the Lenders and the Issuing Banks;

 

fifth, to pay
interest then due and payable in respect of the Loans and LC Disbursements;

 

sixth, ratably
to pay or prepay principal amounts on all other Loans and reimbursement obligations with respect to LC Disbursements, to pay all
Secured Obligations in respect of Hedge Agreements and Secured Cash Management Agreements and to provide cash collateral for outstanding
LC Exposure in respect of undrawn Letters of Credit in an amount equal to 103% of such LC Exposure; and

 

    	 	47	 

     

    

  

seventh, to
the ratable payment of all other Secured Obligations;

 

provided, however,
that if sufficient funds are not available to fund all payments to be made in respect of any Secured Obligation described in any
of clauses first through eighth above, the available funds being applied with respect to any such Secured Obligation
(unless otherwise specified in such clause) shall be allocated to the payment of such Secured Obligation ratably, based on the
proportion of the Administrative Agent’s and each Lender’s, Issuing Bank’s, Hedge Bank’s or Cash Management
Bank’s interest in the aggregate outstanding Secured Obligations described in such clauses.

 

Section
2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation under Section 2.15,
or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for
the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate a different lending
office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices,
branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts
payable pursuant to Sections 2.15 or 2.17, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed
cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs
and expenses incurred by any Lender in connection with any such designation or assignment.

 

(b)          If
(i) any Lender requests compensation under Section 2.15 or the Borrower is required to pay any Indemnified Taxes or additional
amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17 and, in each case, such
Lender has declined or is unable to designate a different lending office in accordance with Section 2.19(a), (ii) any Lender becomes
Defaulting Lender or (iii) any Lender refuses to consent to any amendment, waiver or other modification of this Agreement requested
by the Borrower that requires the consent of a greater percentage of the Lenders than the Required Lenders and such amendment,
waiver or other modification is consented to by the Required Lenders, then the Borrower may, at its sole expense and effort, upon
notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in Section 9.04), all its interests, rights (other than its existing rights to payments
pursuant to Sections 2.15 or 2.17) and obligations under this Agreement to an assignee that shall assume such obligations (which
assignee may be another Lender, if a Lender accepts such assignment); provided that (i) if such assignee is not then a Lender,
the Borrower shall have received the prior written consent of the Administrative Agent and the Issuing Banks, which consent shall
not be unreasonably withheld or delayed, (ii) such Lender shall have received payment of an amount equal to the outstanding principal
of its Loans and participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it
hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) in accordance with the
applicable Assignment and Assumption or the Borrower (in the case of all other amounts), (iii) in the case of any such assignment
resulting from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment
will result in a reduction in such compensation or payments and (iv) in the case of any such assignment resulting from a Lender
refusing to consent to an amendment, waiver or other modification for which the Required Lenders have consented to, such assignee
shall be deemed to have consented to the applicable amendment, waiver or other modification. A Lender shall not be required to
make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances
entitling the Borrower to require such assignment and delegation cease to apply.

 

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

 

(a)          the
Commitment and Revolving Credit Exposure of such Defaulting Lender shall not be included in determining whether the Required Lenders
have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section
9.02); provided that this clause (a) shall not apply to the vote of a Defaulting Lender in the case of an amendment, waiver
or other modification requiring the consent of such Lender or each Lender affected thereby;

 

(b)          if
any LC Exposure exists at the time such Lender becomes a Defaulting Lender then:

 

(i)          all
or any part of the LC Exposure of such Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance with
their respective Applicable Percentages but only to the extent that (x) the sum of all non-Defaulting Lenders’ Revolving
Credit Exposures plus such Defaulting Lender’s LC Exposure does not exceed the total of all non-Defaulting Lenders’
Commitments and (y) the conditions set forth in Section 4.02 are satisfied at such time;

 

(ii)         if
the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall within one Business
Day following notice by the Administrative Agent, cash collateralize for the benefit of the Issuing Banks only the Borrower’s
obligations corresponding to such Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant
to clause (i) above) in accordance with the procedures set forth in Section 2.06(j) for so long as such LC Exposure is outstanding;

 

(iii)        if
the Borrower cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to clause (ii) above, the Borrower
shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.12(b) with respect to such Defaulting Lender’s
LC Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized;

 

(iv)        if
the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to clause (i) above, then the fees payable to the Lenders
pursuant to Section 2.12 shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable Percentages; and

 

(v)         if
all or any portion of such Defaulting Lender’s LC Exposure is neither reallocated nor cash collateralized pursuant to clause
(i) or (ii) above, then, without prejudice to any rights or remedies of any Issuing Bank or any other Lender hereunder, all commitment
fees that otherwise would have been payable to such Defaulting Lender (solely with respect to the portion of such Defaulting Lender’s
Commitment that was unutilized by such LC Exposure) and letter of credit fees payable under Section 2.12 with respect to such Defaulting
Lender’s LC Exposure shall be payable to the applicable Issuing Bank until and to the extent that such LC Exposure is reallocated
and/or cash collateralized;

 

    	 	49	 

     

    

  

(c)          so
long as such Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, amend or increase any Letter of Credit,
unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding LC Exposure will be 100% covered
by the Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in accordance with Section
2.20(c), and participating interests in any newly issued or increased Letter of Credit shall be allocated among non-Defaulting
Lenders in a manner consistent with Section 2.20(c)(i) (and such Defaulting Lender shall not participate therein);

 

(d)          No
Defaulting Lender shall be entitled to receive any commitment fees payable under Section 2.12(a) for any period during which such
Lender is a Defaulting Lender and the Borrower shall not be required to pay any such fee (except as otherwise provided in Section
2.20(b)(v)) that otherwise would have been required to have been paid to such Defaulting Lender; and

 

(e)          So
long as any Lender is a Defaulting Lender, such Lender and its Affiliates will not be a Cash Management Bank or Hedge Bank with
respect to any Secured Cash Management Agreement or Hedging Agreement entered into while such Lender was a Defaulting Lender.

 

If (i) a Bankruptcy
Event or a Bail-In Action with respect to a Lender Parent shall occur following the date hereof and for so long as such event shall
continue or (ii) any Issuing Bank has a good faith belief that any Lender has defaulted in fulfilling its obligations under one
or more other agreements in which such Lender commits to extend credit, such Issuing Bank shall not be required to issue, amend
or increase any Letter of Credit, unless such Issuing Bank shall have entered into arrangements with the Borrower or such Lender,
satisfactory to such Issuing Bank to defease any risk to it in respect of such Lender hereunder.

 

In the event that the
Administrative Agent, the Borrower and each Issuing Bank each agrees that a Defaulting Lender has adequately remedied all matters
that caused such Lender to be a Defaulting Lender, then the LC Exposure of the Lenders shall be readjusted to reflect the inclusion
of such Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders as
the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Applicable
Percentage.

 

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Section
2.21. Incremental Commitments. The Borrower may, by written notice to the Administrative Agent, from time to time
and at any time up until and including the date that is five (5) Business Days prior to the Maturity Date, advise of the obtaining
of one or more Incremental Commitments (each such increase, a “Commitment Increase”) in an aggregate
amount not to exceed (a) $100,000,000, plus (b) so long as either a Pledge Release Period is then in effect or after giving effect
to such Commitment Increase, the Borrower’s Senior Secured Net Leverage Ratio (assuming such Commitment Increase is fully
drawn and otherwise on a Pro Forma Basis as of the then most recently ended Test Period) shall not exceed 2.00:1.00, $100,000,000;
provided that, in either case, (i) no Event of Default shall exist after giving effect to the incurrence of such Commitment
Increase and (ii) after giving effect to such Commitment Increase, the Borrower shall be in compliance with the financial covenant
set forth in Section 6.08 (assuming such Commitment Increase is fully drawn and otherwise on a Pro Forma Basis as of the then most
recently ended Test Period); provided, further that, to the extent then available, each Commitment Increase shall
apply to clause (b) of this Section 2.21 prior to clause (a). Such notice shall set forth (i) the amount of such Commitment Increase
(provided; however, that the amount of each Commitment Increase shall be in an aggregate principal amount that is
not less than $10,000,000) and (ii) the date on which each such Incremental Commitment is requested to become effective (which
shall not be later than the Maturity Date) (each such date, an “Incremental Effective Date”). Commitment Increases
may be provided by any existing Lender or by any other bank or other financial institution (any such other bank or other financial
institution being called an “Additional Lender”), provided that the Administrative Agent shall have consented
(such consent not to be unreasonably withheld or delayed) to such Lender’s or Additional Lender’s providing such Commitment
Increases if such consent would be required under Section 9.04 for an assignment of Revolving Loans or Commitments, as applicable,
to such Lender or Additional Lender. Commitments in respect of Commitment Increases shall become Commitments (or in the case of
a Commitment Increase to be provided by an existing Lender, an increase in such Lender’s Commitment) under this Agreement
pursuant to an amendment (an “Incremental Amendment”) to this Agreement, executed by the Borrower, each Lender
agreeing to provide such Commitment Increase, if any, each Additional Lender, if any, and the Administrative Agent, and, in the
case of an Additional Lender, setting forth the agreement of each Additional Lender to become a party to this Agreement and to
be bound by all of the terms and provisions hereof. The Incremental Amendment may, without the consent of any other Lenders, effect
such amendments to this Agreement as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and
the Borrower, to effect the provisions of this Section 2.21. No Lender shall be obligated to provide any Commitment Increases,
unless it so agrees. Upon each increase in the Commitments pursuant to this Section 2.21, (a) each Lender immediately prior to
such increase will automatically and without further act be deemed to have assigned to each Lender providing a portion of the Commitment
Increase (each, a “Commitment Increase Lender”) in respect of such increase, and each such Commitment Increase Lender
will automatically and without further act be deemed to have assumed, a portion of such Lender’s participations hereunder
in outstanding LC Exposure such that, after giving effect to each such deemed assignment and assumption of participations, the
percentage of the aggregate outstanding participations hereunder in LC Exposure held by each Lender (including each such Commitment
Increase Lender) will equal the percentage of the total Commitments represented by such Lender’s Commitment and (b) if, on
the date of such increase, there are any Revolving Loans outstanding, such Revolving Loans shall on or prior to the effectiveness
of such Commitment Increase be prepaid from the proceeds of additional Revolving Loans made hereunder (reflecting such increase
in Commitments), which prepayment shall be accompanied by accrued interest on the Revolver Loans being prepaid and any costs incurred
by any Lender in accordance with Section 2.16. The Administrative Agent and the Lenders hereby agree that the minimum borrowing
and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to
the immediately preceding sentence. The Administrative Agent shall promptly notify each Lender of the execution and delivery of
each Incremental Amendment. As of each Incremental Effective Date, this Agreement shall be deemed supplemented by each such Incremental
Amendment, each such applicable Additional Lender shall be a “Lender” hereunder, and each such Incremental
Lender’s Incremental Commitment shall be its “Commitment” hereunder (in the case of an Additional
Lender) or shall increase its Commitment hereunder (in the case of an existing Lender).

 

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Article
III

Representations and Warranties

 

The Borrower represents
and warrants to the Lenders, as of the Effective Date and on the date that any Loan is made or any Letter of Credit is issued,
amended, extended or renewed after the Effective Date, that:

 

Section
3.01. Organization; Powers. Each Loan Party (a) is duly organized, validly existing and in good standing under the
laws of the jurisdiction of its organization, (b) has all requisite power and authority to carry on its business as now conducted
and (c) is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except
in the case of clauses (b) and (c) where the failure with respect thereto, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect.

 

Section
3.02. Authorization; Enforceability. The execution and delivery hereof by the Loan Parties hereof, and the performance
of their respective obligations hereunder are within each of the Loan Parties’ corporate powers and have been duly authorized
by all necessary corporate action. This Agreement has been duly executed and delivered by each Loan Party hereto and constitutes
a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles
of equity, regardless of whether considered in a proceeding in equity or at law.

 

Section
3.03. Governmental Approvals; No Conflicts. The execution and delivery hereof by the Loan Parties hereof, and the
performance of their respective obligations hereunder (a) do not require any Loan Party to obtain, make or take, as applicable,
any consent or approval of, registration or filing with, or any other action with respect to, any Governmental Authority, except
such as have been obtained, made or taken, as applicable, and are in full force and effect, (b) will not violate any law or regulation
applicable to any Loan Party or the charter, by-laws or other organizational documents of any Loan Party or any order of any Governmental
Authority to which any Loan Party is subject, (c) will not violate or result in a default under any indenture, agreement or other
instrument binding upon any Loan Party or its assets, or give rise to a right thereunder to require any payment to be made by any
Loan Party, and (d) will not result in the creation or imposition of any Lien on any asset of any Loan Party (other than pursuant
to any Security Document).

 

Section
3.04. Financial Condition; No Material Adverse Change; Solvency. (a) The Borrower has heretofore furnished to the
Lenders its consolidated balance sheet and statements of income, stockholders equity and cash flows (i) as of and for the fiscal
year ended December 31, 2016, reported on by KPMG LLP, independent public accountants, and (ii) as of and for the fiscal quarter
and the portion of the fiscal year ended September 30, 2017, certified by its chief financial officer. Such financial statements
present fairly, in all material respects, the financial position and results of operations and cash flows of the Borrower and its
consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments
and the absence of footnotes in the case of the statements referred to in clause (ii) above.

 

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(b)          Since
December 31, 2016, there has been no change in the business, assets, operations, or financial condition of the Borrower and its
Subsidiaries, taken as a whole, that could reasonably be expected to result in a Material Adverse Effect.

 

(c)          Both
before and after giving effect to (a) the Loans (if any) made on the Effective Date and (b) the disbursement of the proceeds of
such Loans to or as directed by the Borrower, the Loan Parties and their Subsidiaries taken as a whole are Solvent on the Effective
Date.

 

Section
3.05. Properties. (a) Each Loan Party has good title to, or valid leasehold or other interests in, all its real and
personal property material to its business, except as could not reasonably be expected to have a Material Adverse Effect.

 

(b)          The
Borrower owns, is licensed to use, or has the legal right to use, all trademarks, trade names, copyrights, patents and other intellectual
property material to its business, and the use thereof by the Borrower does not infringe upon the rights of any other Person, except
for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect.

 

Section
3.06. Litigation and Environmental Matters. (a) There are no actions, suits or proceedings by or before any arbitrator
or Governmental Authority pending against or, to the actual knowledge of the Borrower, threatened against or affecting any Loan
Party (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably
be expected, individually or in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters) or (ii)
that involve this Agreement or the Transactions.

 

(b)          Except
for the Disclosed Matters and except with respect to any other matters that, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect, no Loan Party (i) has failed to comply with any Environmental Law or to obtain,
maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has become subject to
any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability nor (iv) knows
of any basis for any Environmental Liability.

 

(c)          Since
the date of this Agreement, there has been no change in the status of the Disclosed Matters that, individually or in the aggregate,
has resulted in, or materially increased the likelihood of, a Material Adverse Effect.

 

Section
3.07. Compliance with Laws and Agreements. Each Loan Party is in compliance with all laws, regulations and orders
of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon
it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result
in a Material Adverse Effect. No Default has occurred and is continuing.

 

Section
3.08. Investment Company Status. No Loan Party is an “investment company” as defined in, or subject to
regulation under, the Investment Company Act of 1940.

 

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Section
3.09. Taxes. Each Loan Party has timely filed or caused to be filed all Tax returns and reports required to have
been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested
in good faith by appropriate proceedings and for which the applicable Loan Party has set aside on its books adequate reserves or
(b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

 

Section
3.10. ERISA. (a) No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all
other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material
Adverse Effect. The present value of all accumulated benefit obligations under each Plan (based on those assumptions used for disclosure
of such obligations in corporate financial statements in accordance with GAAP) did not, as of the most recent statements available,
exceed the aggregate value of the assets for each plan by an amount in the aggregate for all such plans that would reasonably be
expected to have a Material Adverse Effect.

 

(b)          The
Borrower is not and will not be using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by
Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments.

 

Section
3.11. Disclosure. Each Loan Party has disclosed to the Lenders all agreements, instruments and corporate or other
restrictions to which it is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably
be expected to result in a Material Adverse Effect. None of the reports, financial statements, certificates or other information
furnished by or on behalf of the Loan Parties to the Administrative Agent or any Lender in connection with the negotiation of this
Agreement or delivered hereunder (as modified or supplemented by other information so furnished), taken as a whole, contains any
material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that, with respect to projected financial information,
each Loan Party represents only that such information was prepared in good faith based upon assumptions believed to be reasonable
at the time (it being understood that projected financial information is subject to significant contingencies and assumptions,
many of which are beyond the control of the Loan Parties and their respective Subsidiaries, and that no assurance can be given
that the projections or forecasts will be realized).

 

Section
3.12. Anti-Corruption Laws, Anti-Terrorism Laws and Sanctions. The Borrower has implemented and maintains in effect
policies and procedures designed to ensure compliance by the Loan Parties, their Subsidiaries and their respective directors, officers,
employees and agents with Anti-Corruption Laws, Anti-Terrorism Laws and applicable Sanctions, and the Loan Parties, their Subsidiaries
and, to the actual knowledge of the Borrower, their respective officers, employees and directors, are in compliance with Anti-Corruption
Laws, Anti-Terrorism Laws and applicable Sanctions in all material respects. None of (a) the Loan Parties, their Subsidiaries or,
to the actual knowledge of the Borrower, any of their respective directors, officers or employees, or (b) to the knowledge of the
Borrower, any agent of the Loan Parties that will act in any capacity in connection with or benefit from the credit facility established
hereby, is a Sanctioned Person. No proceeds of any Borrowing or any Letter of Credit will be used directly, or to the actual knowledge
of the Borrower, indirectly in any manner which would violate Anti-Corruption Laws or applicable Sanctions.

 

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Section
3.13. Margin Regulations. The Borrower is not engaged and will not engage, principally or as one of its important
activities, in the business of purchasing or carrying Margin Stock, or extending credit for the purpose of purchasing or carrying
Margin Stock, and no part of the proceeds of any Loans hereunder will be used to buy or carry any Margin Stock.

 

Article
IV

Conditions

 

Section
4.01. Effective Date. The obligations of the Lenders to make Commitments and Loans and of the Issuing Banks to issue
Letters of Credit hereunder shall not become effective (and the initial Loans (if any are to be made on the Effective Date) shall
not be funded) until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):

 

(a)          The
Administrative Agent (or its counsel) shall have received from each party thereto either (i) a counterpart of this Agreement signed
on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy transmission
of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement.

 

(b)          The
Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders and
dated the Effective Date) of White & Case LLP, counsel for the Loan Parties, and covering such other matters relating to the
Borrower, the Guarantor, the Loan Documents or the Transactions as the Administrative Agent or the Required Lenders shall reasonably
request. The Borrower hereby requests such counsel to deliver such opinion.

 

(c)          The
Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably
request relating to the organization, existence and good standing of each Loan Party, the authorization of the Transactions and
any other legal matters relating to the Loan Parties, this Agreement or the Transactions, all in form and substance reasonably
satisfactory to the Administrative Agent and its counsel.

 

(d)          If
any Loans are to be made, or Letters of Credit issued, on the Effective Date (other than those made or used pursuant to Section
9.17), the Administrative Agent shall have received a Borrowing Request in accordance with Section 2.03.

 

(e)          The
Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Effective Date, including,
to the extent invoiced at least two Business Days prior to the Effective Date, reimbursement or payment of all out of pocket expenses
required to be reimbursed or paid by the Borrower hereunder.

 

(f)          The
representations and warranties of the Loan Parties set forth in this Agreement shall be true and correct on and as of the Effective
Date and the Administrative Agent shall have received a Borrower certificate, dated the Effective Date and signed by the President,
a Vice President or a Financial Officer (or other officer with equivalent duties) of the Borrower, with respect thereto.

 

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(g)          On
the Effective Date, the Borrower shall have no outstanding secured Indebtedness for borrowed money other than the Obligations.

 

(h)          Upon
the reasonable request of any Lender made at least five Business Days prior to the Effective Date, the Borrower shall have provided
to such Lender the documentation and other information so requested in connection with applicable “know your customer”
and anti-money-laundering rules and regulations, including the PATRIOT Act, in each case at least three Business Days prior to
the Effective Date.

 

Section
4.02. Each Credit Event after the Effective Date. The obligation of each Lender to make a Loan on the occasion of
any Borrowing after the Effective Date, and of the Issuing Banks to issue, amend, renew or extend any Letter of Credit after the
Effective Date, is subject to the satisfaction of the following conditions:

 

(a)          The
representations and warranties of the Borrower set forth in this Agreement shall be true and correct on and as of the date of such
Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable.

 

(b)          At
the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter
of Credit, as applicable, no Default shall have occurred and be continuing.

 

(c)          Such
Borrowing or Letter of Credit issuance shall not occur during a Ratings Reaffirmation Period.

 

Each such Borrowing and each issuance,
amendment, renewal or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower
on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section.

 

Article
V

Affirmative 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 , in each case, without any pending draw, and all LC Disbursements
shall have been reimbursed, the Borrower covenants and agrees with the Lenders that on and after the Effective Date:

 

Section
5.01. Financial Statements; Ratings Change and Other Information. The Borrower will furnish to the Administrative
Agent and each Lender, including their Public-Siders:

 

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(a)          within
90 days after the end of each fiscal year of the Borrower, its audited consolidated balance sheet and related statements of operations,
stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the
figures for the previous fiscal year, all reported on by KPMG LLP or other independent public accountants of recognized national
standing (without a “going concern” or like qualification commentary or exception and without any qualification or
exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material
respects the financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated
basis in accordance with GAAP consistently applied;

 

(b)          within
45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, its consolidated balance
sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter
and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding
period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of
its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the Borrower
and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end
audit adjustments and the absence of footnotes;

 

(c)          concurrently
with any delivery of financial statements under clause (a) or (b) above, a certificate of a Financial Officer of the Borrower (i)
certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken
or proposed to be taken with respect thereto and (ii) setting forth reasonably detailed calculations demonstrating compliance with
Section 6.08;

 

(d)          promptly
after the same become publicly available, copies of all reports on Form 8-K filed by it with the SEC, or any Governmental Authority
succeeding to any of or all the functions of the SEC, or copies of all reports distributed to its shareholders, as the case may
be; and

 

(e)          promptly
following any request therefor, such other information regarding the operations, business affairs and financial condition of any
Loan Party, or compliance with the terms of this Agreement, as the Administrative Agent or any Lender (through the Administrative
Agent) may reasonably request.

 

Information required to be delivered pursuant
to this Section shall be deemed to have been delivered on the date on which the Borrower provides notice (reasonably identifying
where the applicable disclosure may be obtained) to the Administrative Agent that such information has been posted on the Borrower’s
website on the internet at www.macquarie.com/mic, or on the SEC’s website on the internet at www.sec.gov or at another website
identified in such notice and accessible by the Lenders without charge.

 

Section
5.02. Notices of Material Events. Promptly (and in any event within five Business Days) after any executive officer
of the Borrower obtaining actual knowledge thereof, the Borrower will furnish to the Administrative Agent and each Lender written
notice of the following:

 

(a)          the
occurrence of any Default;

 

    	 	57	 

     

    

  

(b)          the
filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting
any Loan Party thereof that could reasonably be expected to result in a Material Adverse Effect;

 

(c)          the
occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred, could reasonably be expected
to result in liability of any Loan Party in an aggregate amount exceeding $25,000,000;

 

(d)          the
announcement of a change in any Debt Rating established or deemed to have been established for the Facility Debt;

 

(e)          the
occurrence of a Pledge Release Date; and

 

(f)          the
occurrence of a Pledge Trigger Date;

 

provided, that in each case the
Borrower shall not be required to provide separate notice of any event disclosed in any report promptly filed with the SEC if the
Borrower has provided notice to the Administrative Agent in accordance with the last paragraph of Section 5.01 as long as the Borrower
has provided notice reasonably identifying where the applicable disclosure may be obtained to the Administrative Agent that such
information has been posted.

 

Section
5.03. Existence; Conduct of Business. Each Loan Party will do or cause to be done all things necessary to preserve,
renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material
to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or
dissolution permitted under Section 6.03.

 

Section
5.04. Payment of Obligations. Each Loan Party will pay its obligations, including Tax liabilities, that, if not paid,
could result in a Material Adverse Effect before the same shall become delinquent or in default, except where (a) the validity
or amount thereof is being contested in good faith by appropriate proceedings and (b) such Loan Party has set aside on its books
adequate reserves with respect thereto in accordance with GAAP.

 

Section
5.05. Maintenance of Properties; Insurance. Each Loan Party will (a) keep and maintain all property material to the
conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so
could not reasonably be expected to result in a Material Adverse Effect and (b) maintain, with financially sound and reputable
insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the
same or similar businesses operating in the same or similar locations.

 

Section
5.06. Books and Records; Inspection Rights. Each Loan Party will keep proper books of record and account in which
full, true and correct entries are made of all material dealings and transactions in relation to its business and activities. Each
Loan Party will permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice,
to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances
and condition with its officers and (in the presence of officers of the Borrower, whether by phone or in person) independent accountants
(excluding, in each case contracts and other information subject to obligations of any Loan Party under applicable confidentiality
provisions or attorney-client privilege), all at such reasonable times and as often as reasonably requested (but, so long as no
Event of Default has occurred and is continuing, not more often than once in every twelve (12) month period from the date hereof),
all at the expense of the applicable Lender (provided that during the continuation of any Default any expense of the Lenders in
connection with the foregoing shall be for the account of the Borrower).

 

    	 	58	 

     

    

  

Section
5.07. Compliance with Laws. Each Loan Party will comply with all laws, rules, regulations and orders of any Governmental
Authority applicable to it or its property (including the filing of all Tax returns required to be filed), except where the failure
to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The Borrower
will maintain in effect and enforce policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and
their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.

 

Section
5.08. Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes
(including without limitation to finance Acquisitions). No part of the proceeds of any Loan will be used, whether directly or indirectly,
for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. The Borrower
will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and
its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit
(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 or Anti-Terrorism Laws, (B) for the purpose of funding, financing
or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C)
in any manner that would result in the violation of any Sanctions or Anti-Terrorism Laws applicable to any party hereto.

 

Section
5.09. Credit Ratings. The Borrower will use commercially reasonable efforts to obtain and maintain (but not obtain
or maintain a specific rating) a public corporate credit rating of the Borrower from at least one of S&P and Moody’s.

 

Section
5.10. Cash Distributions. Upon and during the continuance of any Event of Default, if requested to do so by the Administrative
Agent, the Borrower will use commercially reasonable efforts to obtain cash distributions from its Subsidiaries (to the extent
such cash is then on hand at the Subsidiaries and Available for Distribution).

 

Section
5.11. Additional Collateral. Except during a Pledge Release Period, promptly following the acquisition by (including
by transfer to or formation of a Subsidiary by) the Borrower of (y) any Pledged Equity or (z) any intercompany notes or instruments
referred to in Section 6.01(c) in an aggregate principal amount in excess of $25,000,000, the Borrower shall deliver to the Administrative
Agent all certificates, instruments, promissory notes and other documents (in each case, if any) representing such Pledged Equity
or intercompany Indebtedness, together with (i) in the case of certificated Equity Interests, undated stock powers endorsed in
blank and (ii) in the case promissory notes, instruments and other certificated debt securities, endorsed in blank, in each case
executed and delivered by an authorized officer of the Borrower.

 

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Article
VI

Negative Covenants

 

Until the Commitments
have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full
and all Letters of Credit have expired or terminated, in each case, without any pending draw, and all LC Disbursements shall have
been reimbursed, the Loan Parties covenant and agree with the Lenders that on and after the Effective Date:

 

Section
6.01. Indebtedness. The Guarantor will not create, incur, assume or permit to exist any Indebtedness of the Guarantor,
except:

 

(a)          Guarantees
of Indebtedness created under any Loan Document;

 

(b)          Indebtedness
existing on the date hereof and set forth in Schedule 6.01;

 

(c)          Indebtedness
owing to the Borrower; provided that if such Indebtedness shall be evidenced by intercompany promissory notes, all such
notes shall be subject to the Lien of the Pledge Agreement;

 

(d)          Indebtedness
owing to any of its Subsidiaries in the aggregate at any time outstanding not in excess of $70,000,000;

 

(e)          Guarantees
of Permitted Borrower Secured Debt;

 

(f)          Permitted
Guarantor Debt;

 

(g)          Guarantees
of Permitted Borrower Junior Secured Debt; provided that such guarantee shall be on a subordinated basis and a representative
acting on behalf of the holders of such Permitted Borrower Junior Secured Debt and the Administrative Agent shall have executed
and delivered a subordination agreement, the form and substance of which shall be satisfactory to the Administrative Agent in its
reasonable judgment;

 

(h)          Guarantees
of unsecured Indebtedness incurred by the Borrower; provided that, (i) the proceeds thereof are being concurrently used
to finance an acquisition not prohibited by this Agreement and related fees and expenses, (ii) no Event of Default shall exist
at the time of such acquisition or, in the case of an acquisition not conditioned on the obtaining of financing therefor, at the
time of entering into a binding agreement in respect of such acquisition; (iii) such unsecured Indebtedness shall not be Guaranteed
by any Person other than the Guarantor; (iv) the terms and provisions of such unsecured Indebtedness shall not be more restrictive,
taken as a whole, to the Loan Parties than those applicable hereto at the time of incurrence of such unsecured Indebtedness, unless
such other terms (1) apply only after the Maturity Date at the time of incurrence of such unsecured Indebtedness, (2) shall also
apply hereto (which such application shall not require the consent of the Lenders or the Administrative Agent if so reasonably
determined by the Borrower) or (3) relate only to mandatory prepayments customary for such type of unsecured Indebtedness, premiums
(including make-whole provisions), interest, fees or maturity or amortization; (v) either (x) a Pledge Release Period shall have
occurred and be continuing or (y) such Guarantee shall be on a subordinated basis and a representative acting on behalf of the
holders of such unsecured Indebtedness and the Administrative Agent shall have executed and delivered a subordination agreement,
the form and substance of which shall be satisfactory to the Administrative Agent in its reasonable judgment; and (vi) such Guarantee
shall provide for automatic subordination on terms reasonably satisfactory to the Administrative Agent during any period that a
Pledge Release Period is not then in effect; and

 

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(i)          (a)
any replacement, renewal, refinancing or extension of any Indebtedness referenced in clauses (b), (c), (d) and (f) of this Section
6.01 that does not exceed the aggregate principal amount (plus associated fees and expenses) of the Indebtedness being replaced,
renewed, refinanced or extended (except that accrued and unpaid interest not delinquent in accordance with its terms may be part
of any refinancing pursuant to this clause) and that otherwise complies with this Agreement and (b) Permitted Refinancing Indebtedness
of any Indebtedness referenced in clauses (e), (g) and (h) of this Section 6.01.

 

Section
6.02. Liens. No Loan Party will create, incur, assume or permit to exist any Lien on any of its property or assets,
whether now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights
in respect of any thereof, except:

 

(a)          Liens
pursuant to any Loan Document;

 

(b)          Permitted
Encumbrances;

 

(c)          any
Lien existing on any property or asset prior to the acquisition thereof by the Loan Parties; provided that (i) such Lien
does not attach to any Equity Interests or intercompany notes held or acquired by the Borrower, (ii) such Lien was not created
in anticipation of such acquisition, (iii) such Lien shall secure only those obligations which it secures on the date of such acquisition
and (iv) the aggregate amount of Indebtedness secured by all Liens permitted by this clause (c) shall not exceed at any time outstanding
$50,000,000;

 

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(d)          Liens
granted by the Borrower securing senior secured first lien or junior lien Indebtedness incurred by the Borrower (such secured Indebtedness,
“Permitted Borrower Secured Debt”); provided that, (i) no Event of Default shall exist after giving
effect to the incurrence of such Permitted Borrower Secured Debt unless the proceeds thereof are being concurrently used to finance
an acquisition and such acquisition is not conditioned on the obtaining of financing therefor, in which case no Event of Default
shall exist at the time of entering into a binding agreement in respect of such acquisition; (ii) either a Pledge Release Period
is then in effect or after giving effect to the incurrence of such Permitted Borrower Secured Debt (on the date of incurrence thereof
or, if the proceeds thereof are being concurrently used to finance an acquisition, on the date of entering into a binding agreement
in respect of such acquisition), the Borrower’s Senior Secured Net Leverage Ratio (calculated on a Pro Forma Basis as of
the then most recently ended fiscal quarter of the Borrower, including, for the avoidance of doubt, with respect to the calculation
of Borrower CFADS) shall not exceed 2.00:1.00; (iii) such Permitted Borrower Secured Debt shall not be Guaranteed by any Person
other than the Guarantor and shall not be secured by a Lien on any assets other than Pledged Collateral; (iv) subject to the limitations
in clauses (v) and (vi) below, the terms and provisions of such Permitted Borrower Secured Debt shall not be more restrictive,
taken as a whole, to the Loan Parties than those applicable hereto at the time of incurrence of such Permitted Borrower Secured
Debt, unless such other terms (1) apply only after the Maturity Date at the time of incurrence of such Permitted Borrower Secured
Debt, (2) shall also apply hereto (which such application shall not require the consent of the Lenders or the Administrative Agent
if so reasonably determined by the Borrower) or (3) relate only to mandatory prepayments customary for such type of Permitted Borrower
Secured Debt, premiums (including make-whole provisions), interest, fees or (subject to the foregoing) maturity or amortization;
(v) the Weighted Average Life to Maturity of such Permitted Borrower Secured Debt shall be no shorter than that hereof in effect
at the time of incurrence of such Permitted Borrower Secured Debt; (vi) the Stated Maturity of such Permitted Borrower Secured
Debt shall be no shorter than the Maturity Date at the time of incurrence of such Permitted Borrower Secured Debt; (vii) a representative
acting on behalf of the holders of such Permitted Borrower Secured Debt and the Administrative Agent shall have executed and delivered
a pari passu intercreditor agreement or a second lien intercreditor agreement, as applicable, the form and substance of
which shall be satisfactory to the Administrative Agent and the Required Lenders in their reasonable judgment; and (viii) a Pledge
Release Period shall not have occurred and be continuing;

 

(e)          Liens
granted by the Guarantor on Equity Interests of any of its Subsidiaries securing Indebtedness of such Subsidiary (or its Subsidiaries);

 

(f)          other
Liens securing Indebtedness or other obligations in an aggregate principal amount at the time of incurrence of any such Indebtedness
or other obligations not exceeding at any time outstanding $100,000,000; provided that, in the case of Indebtedness, such
Liens attach only to cash, Cash Equivalents, accounts with banks and other financial institutions (including deposit, savings and
securities accounts) and proceeds thereof; and

 

(g)          Liens
granted by the Borrower securing junior lien Indebtedness incurred by the Borrower (such secured Indebtedness, “Permitted
Borrower Junior Secured Debt”); provided that, (i) the proceeds thereof are being concurrently used to finance
an acquisition not prohibited by this Agreement and related fees and expenses, (ii) no Event of Default shall exist at the time
of such acquisition or, in the case of an acquisition not conditioned on the obtaining of financing therefor, at the time of entering
into a binding agreement in respect of such acquisition; (iii) such Permitted Borrower Junior Secured Debt shall not be Guaranteed
by any Person other than the Guarantor and shall not be secured by a Lien on any assets other than Pledged Collateral on a junior
basis; (iv) the terms and provisions of such Permitted Borrower Junior Secured Debt shall not be more restrictive, taken as a whole,
to the Loan Parties than those applicable hereto at the time of incurrence of such Permitted Borrower Junior Secured Debt, unless
such other terms (1) apply only after the Maturity Date at the time of incurrence of such Permitted Borrower Junior Secured Debt,
(2) shall also apply hereto (which such application shall not require the consent of the Lenders or the Administrative Agent if
so reasonably determined by the Borrower) or (3) relate only to mandatory prepayments customary for such type of Permitted Borrower
Junior Secured Debt, premiums (including make-whole provisions), interest, fees or maturity or amortization; (v) a representative
acting on behalf of the holders of such Permitted Borrower Junior Secured Debt and the Administrative Agent shall have executed
and delivered a second lien intercreditor agreement, the form and substance of which shall be satisfactory to the Administrative
Agent and the Required Lenders in their reasonable judgment; and (vi) a Pledge Release Period shall not have occurred and be continuing.

 

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Section
6.03. Fundamental Changes. (a) No Loan Party will merge into or consolidate with any other Person, or permit any
other Person to merge into or consolidate with it, except that, if at the time thereof and immediately after giving effect thereto
no Default shall have occurred and be continuing, (y) any Subsidiary or other Person may merge into or consolidate with the Borrower
in a transaction in which the Borrower is the surviving entity; provided that the Borrower shall pledge all Equity Interests
and intercompany notes in any entity that becomes a direct Subsidiary of the Borrower as a result thereof to the Secured Parties
in accordance with the Pledge Agreement and Section 5.11 and (z) any Subsidiary or other Person (other than the Borrower) may merge
into or consolidate with the Guarantor in a transaction in which the Guarantor is the surviving entity.

 

(b)          No
Loan Party will engage or permit its Subsidiaries to engage to any material extent in any business other than (x) businesses of
the type conducted by the Loan Parties and their respective Subsidiaries on the date hereof, (y) current or future infrastructure
and infrastructure-like businesses and (z) businesses reasonably similar to, or reasonably related or incidental to, any of the
foregoing.

 

Section
6.04. Asset Sales. No Loan Party will sell, transfer, lease or otherwise dispose of (in one transaction or in a series
of related transactions) all or substantially all of their Equity Interests in IMTT or Atlantic (or any Subsidiary of the Guarantor
which is a direct or indirect holding company of IMTT or Atlantic) or permit the sale, transfer, lease or other disposition of
all or substantially all of the assets of IMTT or Atlantic, except that such sales, transfers, leases or other dispositions shall
be permitted; provided that (a) no Lender shall have any obligation to make Revolving Loans hereunder during the period
commencing with the consummation of such sale, transfer, lease or disposal and ending on the earlier of (y) the date that the Revolving
Loans are repaid and the Commitments are permanently reduced by an amount equal to the Net Cash Proceeds thereof (without deducting
for any reinvestment) and (z) the date that one of S&P or Moody’s (if only one such rating agency then maintains a Debt
Rating) or at least two of S&P, Moody’s and Fitch (if two or more such rating agencies then maintain a Debt Rating) reaffirms
its respective Debt Rating after accounting for the effects thereof (such period, the “Ratings Reaffirmation Period”)
and (b) if (y) neither S&P nor Moody’s then maintains a Debt Rating or (z) S&P or Moody’s (if only one such
rating agency then maintains a Debt Rating) or at least two of S&P, Moody’s and Fitch (if two or more such rating agencies
then maintain a Debt Rating), as applicable, does not reaffirm (or downgrades) its respective Debt Rating within 30 days of such
sale or other disposition, the Net Cash Proceeds thereof (without deducting for any reinvestment) shall be applied (within 5 days
thereafter) to repay the Revolving Loans and permanently reduce the Commitments; provided that if S&P or Moody’s
(if only one such rating agency then maintains a Debt Rating) or if at least two of S&P, Moody’s and Fitch (if two or
more such rating agencies then maintain a Debt Rating) reaffirms or upgrades its Debt Rating within 30 days of such sale or other
disposition, such Net Cash Proceeds used to prepay Revolving Loans may be adjusted for any reinvestment pursuant to the definition
of Net Cash Proceeds.

 

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Section
6.05. Restricted Payments. The Borrower will not declare or make, or agree to pay or make, directly or indirectly,
any Restricted Payment, except that the Borrower shall be permitted to (i) declare and make Restricted Payments so long as, on
the date of such declaration or agreement to pay (or, if no declaration or agreement is made, on the date such Restricted Payment
is made), (a) either a Pledge Release Period is then in effect or after giving effect to such Restricted Payment, the Borrower’s
Senior Secured Net Leverage Ratio (calculated on a Pro Forma Basis as of the then most recently ended fiscal quarter of the Borrower)
is no greater than 3.00:1.00 and (b) no Event of Default then exists, (ii) purchase, redeem or otherwise acquire or retire for
value Equity Interests of the Borrower held by officers, directors or employees or former officers, directors or employees (or
their estates or beneficiaries under their estates), upon death, disability, retirement, severance or termination of employment
or pursuant to any agreement under which such Equity Interest was issued or any employment agreement approved by Board of Directors
of the Borrower, (iii) repurchase, redeem or otherwise acquire for value Equity Interest of the Borrower to the extent deemed to
occur in connection with paying cash in lieu of fractional shares of such Equity Interest (including in connection with a share
bonus issue, distribution, share subdivision, share consolidation, merger, consolidation or other business combinations), (iv)
repurchase Equity Interests to the extent deemed to occur upon the exercise of stock or share options, warrants or other convertible
or exchangeable securities, including without limitation in satisfaction of exercise price or tax obligations and (v) pay cash
in lieu of the issuance of fractional shares (including upon the exercise of options, warrants or other rights to purchase or the
conversion or exchange of Equity Interests).

 

Section
6.06. Transactions with Affiliates. No Loan Party will sell, lease or otherwise transfer any property or assets to,
or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of
their Affiliates, except (a) in the judgment of the Board of Directors of the Borrower (acting in good faith), at prices and on
terms and conditions not less favorable to the Loan Parties than could be obtained on an arm’s-length basis from unrelated
third parties, (b) transactions between or among the Borrower and its Subsidiaries not involving any other Affiliate, (c) transactions
contemplated by the Management Agreement, (d) any Restricted Payment permitted by Section 6.05 or (e) any arrangements with officers,
directors, representatives or other employees relating specifically to employment as such.

 

Section
6.07. Restrictive Agreements. No Loan Party will, directly or indirectly, enter into, incur or permit to exist any
agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of such Loan Party to create,
incur or permit to exist any Lien upon any of its property or assets, or (b) in the case of the Guarantor, the ability of the Guarantor
to pay dividends or other distributions with respect to any shares of its capital stock or to make or repay loans or advances to
the Borrower; provided that (i) the foregoing shall not apply to restrictions and conditions imposed by law, by any agreement
with respect to Permitted Borrower Secured Debt or by this Agreement, (ii) the foregoing shall not apply to restrictions and conditions
existing on the date hereof identified on Schedule 6.07 (but shall apply to any extension or renewal of, or any amendment or modification
expanding the scope of, any such restriction or condition), (iii) the foregoing shall not apply to customary restrictions and conditions
contained in agreements relating to the sale of a subsidiary pending such sale, provided that such restrictions and conditions
apply only to the subsidiary that is to be sold and such sale is permitted hereunder, (iv) the foregoing shall not apply to restrictions
and conditions imposed by any agreement relating to secured Indebtedness permitted under Sections 6.02(c), (e) or (f) if such restrictions
or conditions apply only to the property or assets securing such Indebtedness, and (v) clause (a) of the foregoing shall not apply
to customary provisions in leases and other contracts restricting the assignment thereof.

 

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Section
6.08. Financial Covenant. The minimum ratio of Borrower CFADS to Net Cash Interest Expense of the Loan Parties shall
be no less than 4.00 to 1.00 for any period of four consecutive fiscal quarters of the Borrower.

 

Section
6.09. Upstream Guarantees; Subsidiary Indebtedness; Grants of Security Interests in Subsidiary Equity Interests.

 

(a)          The
Borrower will not permit any of its Subsidiaries to Guarantee any Indebtedness of the Borrower unless such Subsidiary Guarantees
the Secured Obligations equally and ratably on substantially the same terms; and

 

(b)          No
Loan Party will permit any Subsidiary (other than the Guarantor) to Guarantee Indebtedness of any Subsidiary, except Indebtedness
of direct or indirect Subsidiaries of any such Subsidiary or any parent company of any such Subsidiary (other than a Loan Party);
and

 

(c)          No
Loan Party will permit any Subsidiary (other than the Guarantor) to grant any security interest in any of its assets (including
any Equity Interests) for the purpose of securing Indebtedness of any Subsidiary, except security interests securing (y) Indebtedness
of such Subsidiary or any parent company of such Subsidiary (other than a Loan Party) or (z) Guarantees by such Subsidiary of Indebtedness
of its Subsidiaries or any parent company of such Subsidiary (other than a Loan Party).

 

Notwithstanding the foregoing (i) MIC Hawaii
Holdings LLC or any of its subsidiaries may Guarantee (and/or grant security interests to secure) Indebtedness of MIC Hawaii Holdings
LLC and/or any of its subsidiaries, (ii) Macquarie Terminal Holdings, LLC or any of its subsidiaries may Guarantee (and/or grant
security interests to secure) Indebtedness of Macquarie Terminal Holdings, LLC and/or any of its subsidiaries, (iii) MIC Renewable
Energy Holdings, LLC or any of its subsidiaries may Guarantee (and/or grant security interests to secure) Indebtedness of MIC Renewable
Energy Holdings, LLC and/or any of its subsidiaries, (iv) Atlantic Aviation FBO Holdings LLC or any of its subsidiaries may Guarantee
(and/or grant security interests to secure) Indebtedness of Atlantic Aviation FBO Holdings LLC and/or any of its subsidiaries and
its direct and indirect subsidiaries, (v) MIC Logistics Holdings LLC or any of its subsidiaries may Guarantee (and/or grant security
interests to secure) Indebtedness of MIC Logistics Holdings LLC and/or any of its subsidiaries and its direct and indirect subsidiaries,
and (vi) any directly owned Subsidiary of the Guarantor acquired after the date hereof or any of the subsidiaries of such directly
owned Subsidiary may Guarantee (and/or grant security interests to secure) Indebtedness of such directly owned Subsidiary and/or
any of its subsidiaries.

 

Article
VII

Events of Default

 

Section
7.01. Events of Default. If any of the following events (“Events of Default”) shall occur
and be continuing after the Effective Date:

 

(a)          the
Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and
as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;

 

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(b)          the
Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause
(a) of this Article) payable under this Agreement, when and as the same shall become due and payable, and such failure shall continue
unremedied for a period of five Business Days;

 

(c)          any
representation or warranty made or deemed made by or on behalf of any Loan Party in or in connection with this Agreement or any
amendment or modification hereof or waiver hereunder, or in any report, certificate, financial statement or other document furnished
pursuant to or in connection with this Agreement or any amendment or modification hereof or waiver hereunder, shall prove to have
been incorrect in any material respect when made or deemed made;

 

(d)          the
Borrower shall fail to observe or perform any covenant, condition or agreement contained in Section 5.02(a), 5.03 (with respect
to the Borrower’s legal existence) or 5.08 or in Article VI;

 

(e)          the
Borrower shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified
in clause (a), (b) or (d) of this Article), and such failure shall continue unremedied for a period of 30 days after notice thereof
from the Administrative Agent to the Borrower (which notice will be given at the request of any Lender);

 

(f)          any
Loan Party shall fail to make any payment (whether of principal or interest and regardless of amount) beyond the applicable grace
period, if any, whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise, in respect of any Material
Indebtedness (other than Indebtedness hereunder) having an aggregate outstanding principal amount (individually or in the aggregate
with all other Indebtedness as to which such a failure shall exist) of not less than $100,000,000;

 

(g)          any
event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables
or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness
or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment,
repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided that this clause (g) shall not apply
to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such
Indebtedness;

 

(h)          an
involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or
other relief in respect of any Loan Party or its debts, or of a substantial part of its assets, under any Federal, state or foreign
bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee,
custodian, sequestrator, conservator or similar official for any Loan Party or for a substantial part of its assets, and, in any
such case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of
the foregoing shall be entered;

 

(i)          any
Loan Party shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief
under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent
to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h)
of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or
similar official for such Loan Party or for a substantial part of its assets, (iv) file an answer admitting the material allegations
of a petition filed against them in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take
any corporate action for the purpose of effecting any of the foregoing;

 

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(j)          any
Loan Party shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;

 

(k)          one
or more judgments for the payment of money in an aggregate amount in excess of $100,000,000 (to the extent not covered by independent
third-party insurance, which has been notified of the potential claim and does not dispute coverage) shall be rendered against
the Borrower, the Guarantor or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days
during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or
levy upon any assets of any Loan Party to enforce any such judgment;

 

(l)          ERISA
Event shall have occurred that, in the opinion of the Required Lenders, when taken together with all other ERISA Events that have
occurred, could reasonably be expected to result in a Material Adverse Effect;

 

(m)          any
provision of the Guaranty Agreement or Pledge Agreement after delivery thereof shall for any reason fail or cease to be valid and
binding on, or enforceable against, any Loan Party party thereto, or any Loan Party shall so state in writing;

 

(n)          the
Pledge Agreement shall for any reason fail or cease to create a valid and enforceable Lien on any Pledged Collateral (as defined
therein) purported to be covered thereby or, except as permitted by the Loan Documents, such Lien shall fail or cease to be a perfected
and first priority Lien, or any Loan Party shall so state in writing; or

 

(o)          a
Change in Control shall occur;

 

then, and in every such event (other than
an event with respect to the Borrower described in clause (h) or (i) of this Article), and at any time thereafter during the continuance
of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take
either or both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments
shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case
any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal
of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the
Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any
kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described in clause
(h) or (i) of this Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together
with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become
due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.

 

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Section
7.02. Borrower’s Right to Cure. Notwithstanding anything to the contrary contained in this Article VII, in
the event that the Borrower fails to comply with the requirements of Section 6.08, until the expiration of the tenth Business Day
subsequent to the date the certificate calculating such compliance is required to be delivered pursuant to Section 5.01(a) or (b)
(the period from such failure to comply to such tenth Business Day, the “Equity Cure Period”), the Borrower
shall have the right to issue Permitted Cure Securities for cash or otherwise receive cash contributions to the capital of the
Borrower (collectively, the “Equity Cure Right”), and upon the receipt by the Borrower of such cash before
such tenth Business Day (the “Equity Cure Amount”) pursuant to the exercise by the Borrower of such Equity
Cure Right compliance with the covenants set forth in Section 6.08 shall be recalculated giving effect to the following pro forma
adjustments:

 

(a)          Borrower
CFADS shall be increased, solely for the purpose of measuring compliance with Section 6.08 and not for any other purpose under
this Agreement, by an amount equal to the Equity Cure Amount; and

 

(b)          if,
after giving effect to the foregoing recalculations, the Borrower shall then be in compliance with the requirements of Section
6.08, the Borrower shall be deemed to have satisfied the requirements of Section 6.08 as of the relevant date of determination
with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default
of Section 6.08 that had occurred shall be deemed cured for the purposes of this Agreement.

 

Notwithstanding anything herein to the
contrary, (a) in each four-fiscal-quarter period there shall be at least two fiscal quarter in which the Cure Right is not exercised,
(b) the Cure Amount shall be no greater than the amount required for purposes of complying with Section 6.08 as of the relevant
date of determination, and (c) no more than five (5) Cure Rights may be exercised in the aggregate. Neither the Administrative
Agent nor any Lender may exercise any rights or remedies under Section 7.01 (or under any other Loan Document) on the basis of
any actual or purported Event of Default resulting from a breach of Section 6.08 until and unless the Equity Cure Period with respect
thereto shall have expired without the Equity Cure Amount having been received by the Borrower (it being understood, however, that
no Borrowing nor issuance of any Letter of Credit shall occur until receipt by the Borrower of the Equity Cure Amount).

 

Article
VIII

The Administrative Agent

 

Each of the Lenders
and the Issuing Banks hereby irrevocably appoints the Administrative Agent as its agent and authorizes the Administrative Agent
to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof,
together with such actions and powers as are reasonably incidental thereto.

 

The bank serving as
the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may
exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend
money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were
not the Administrative Agent hereunder.

 

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The Administrative
Agent shall not have any duties or obligations except those expressly set forth herein. Without limiting the generality of the
foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a
Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or
exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that the Administrative
Agent is required to exercise in writing as directed by the Required Lenders (or such other number or percentage of the Lenders
as shall be necessary under the circumstances as provided in Section 9.02), and (c) except as expressly set forth herein, the Administrative
Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the
Borrower or any of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its
Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent
or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances
as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall
be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by
the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with this Agreement, (ii) the contents of any certificate,
report or other document delivered hereunder or in connection herewith, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth herein, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere
herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

 

The Administrative
Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person.
The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the
proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who
may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action
taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

 

The Administrative
Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed
by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its
rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply
to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective
activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative
Agent.

 

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The Administrative
Agent is authorized to enter into any intercreditor agreement contemplated hereby with respect to Indebtedness that is (i) required
or permitted to be subordinated hereunder and/or (ii) secured by Liens and which Indebtedness contemplates an intercreditor, subordination
or collateral trust agreement (any such other intercreditor agreement, an “Additional Agreement”), and
the parties hereto acknowledge that any Additional Agreement is binding upon them. Each Lender and each Issuing Bank (a) hereby
agrees that it will be bound by and will take no actions contrary to the provisions of any Additional Agreement and (b) hereby
authorizes and instructs the Administrative Agent to enter into the any Additional Agreement and to subject the Liens on the Collateral
securing the Secured Obligations to the provisions thereof. The foregoing provisions are intended as an inducement to the secured
parties party to any Additional Agreement to extend credit to the Borrower and such secured parties are intended third-party beneficiaries
of such provisions and the provisions of any Additional Agreement.

 

Subject to the appointment
and acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time
by notifying the Lenders, the Issuing Banks and the Borrower. Upon any such resignation, the Required Lenders shall have the right,
with the prior written consent of the Borrower (unless a Specified Event of Default has occurred and is then continuing), to appoint
a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within
30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on
behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent which shall be a bank with an office in New
York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a
successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring
Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The
fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise
agreed between the Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of
this Article and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub agents and
their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative
Agent.

 

Each Lender acknowledges
and agrees that the extensions of credit made hereunder are commercial loans and letters of credit and not investments in a business
enterprise or securities. Each Lender further represents that it is engaged in making, acquiring or holding commercial loans in
the ordinary course of its business and has, independently and without reliance upon the Administrative Agent or any other Lender
and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement as a Lender, and to make, acquire or hold Loans hereunder. Each Lender shall, independently and without reliance
upon the Administrative Agent or any other Lender 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 Borrower and its 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 related agreement or any document furnished hereunder or thereunder and in deciding whether or to the extent to which it will
continue as a Lender or assign or otherwise transfer its rights, interests and obligations hereunder.

 

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Article
IX

Miscellaneous

 

Section
9.01. Notices. (a) Except in the case of notices and other communications expressly permitted to be given by telephone
(and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows:

 

		(i)	if to the Borrower, to it at :

 

Macquarie Infrastructure Corporation

125 W. 55th Street, Level 15

New York, NY 10019

Attention of Liam Stewart and Michael Kernan

Telecopy No. (212) 231-1838

 

		(ii)	if to the Administrative Agent, to it at:

 

JPMorgan Chase Bank, N.A.,

Loan and Agency Services Group,

10 South Dearborn

Chicago, Illinois 60603

Attention of Duyanna Goodlet

Phone No. (312) 385-7106

Telecopy No. (888) 292-9533

Email: jpm.agency.servicing.4@jpmchase.com

 

with a copy to:

 

JPMorgan Chase Bank, N.A.

10 South Dearborn

Chicago, Illinois 60603

Attention of Kenneth J. Fatur

Telecopy No.: (312) 732-1762;

 

		(iii)	if to Barclays Bank PLC, as an Issuing Bank, to it at:

 

Barclays Bank PLC

Letter of Credit Department

745 Seventh Avenue

New York, NY 10019

Attention: Dawn Townsend

Phone: (212) 320-7534

Email: Dawn.Townsend@barclays.com and XraLetterofCredit@barclays.com

 

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		(iv)	if to JPMorgan Chase Bank, N.A., as an Issuing Bank, to
it at:

 

JPMorgan Chase Bank, N.A.,

Chicago LC Agency Activity Team

10 South Dearborn, Floor7

Chicago, Illinois 60603

Attention of: Chicago LC Agency Activity Team

Phone: (855) 609-9959

Email: chicago.lc.agency.activity.team@jpmorgan.com

 

with a copy to:

 

JPMorgan Chase Bank, N.A.

10 South Dearborn

Chicago, Illinois 60603

Attention of Kenneth J. Fatur

Telecopy No.: (312) 732-1762;

 

		(v)	if to Bank of America, N.A., as an Issuing Bank, to it
at:

 

Bank of America, N.A.

700 Louisiana, 8th Floor

Attention of: Adam Rose

Phone: 713 247 7755

Email: adam.rose@baml.com

 

		(vi)	if to Citizens Bank, as an Issuing Bank, to it at:

 

Citizens Bank

20 Cabot Road

Medford, MA 02155

Attention of: Connie Chan

Phone: 781-655-4249

Email: dl-intlsblcpart@cfgcustomers.com

 

		(vii)	if to Credit Agricole Corporate and Investment Bank, as
an Issuing Bank, to it at:

 

Credit Agricole Corporate and Investment Bank

1301 Avenue of the Americas

New York, NY 10019

Attention: Documentary and Guarantees Operations

Phone: (212) 261-3255/3324

Email: cbs.lcadmin@ca-cib.com

 

		(viii)	if to Mizuho Bank, Ltd., as an Issuing Bank, to it at:

 

Mizuho Bank, Ltd.

1800 Plaza Ten,

Harborside Financial Ctr.

Jersey City, NJ 07311

Attention of: Brandon Weidenfeld

Phone: (201) 626-9448

Email: lau_uscorp3@mizuhocbus.com

 

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		(ix)	if to Regions Bank, as an Issuing Bank, to it at:

 

Regions Bank

201 Milan Parkway, 1st Floor

Birmingham, AL 35211

Attention of: Global Trade Services

Phone: 1-866-828-6928

Email: commerciallcdocuments@regions.com

 

		(x)	if to Royal Bank of Canada, as an Issuing Bank, to it at:

 

Royal Bank of Canada

30 Hudson Street, 28th Floor

Jersey City, NJ 07302-4699

Attention of: Credit Administration

Phone: (212) 428-6298

Fax: (212) 428-3015

Email: CM-USA-NYCreditAdministration@rbc.com

 

		(xi)	if to SunTrust Bank, as an Issuing Bank, to it at:

 

SunTrust Bank

17th FL (Mail Code 3707)

245 Peachtree Center Ave.

Atlanta, GA 30303

Attention of: Letter of Credit and Trade Services

Phone: (800) 951-7847

Fax: (801) 567-6205

Email: LCandTradeServices@suntrust.com

 

		(xii)	if to Wells Fargo Bank, N.A., as an Issuing Bank, to it
at:

 

US Standby Trade Services

Wells Fargo Bank

1401 N. Research Pkwy, 1st Floor

Winston-Salem, NC 27101

Phone: 1-800-776-3862 Option 2

Email: sblc-new@wellsfargo.com

 

(xiii)       if
to any other Lender, to it at its address (or telecopy number) set forth in its Administrative Questionnaire.

 

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Notices sent by hand or overnight courier
service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by facsimile
shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through Electronic
Systems, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).

 

(b)          Notices
and other communications to the Lenders and the Issuing Banks hereunder may be delivered or furnished by using Electronic Systems
pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant
to Article II unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or the Borrower
may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant
to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.

 

Unless the Administrative
Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s
receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall
be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing clause
(i), of notification that such notice or communication is available and identifying the website address therefor; provided
that, for both clauses (i) and (ii) above, if such notice, email or other communication is not sent during the normal business
hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business
day for the recipient.

 

(c)          Any
party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the other parties
hereto.

 

(d)          Electronic
Systems.

 

(i)          Each
Loan Party agrees that the Administrative Agent may, but shall not be obligated to, make Communications (as defined below) available
to the Issuing Banks and the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak, ClearPar or a substantially
similar Electronic System.

 

(ii)         Any
Electronic System used by the Administrative Agent is provided “as is” and “as available.” The Agent Parties
(as defined below) do not warrant the adequacy of such Electronic Systems and expressly disclaim liability for errors or omissions
in the Communications. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability,
fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made
by any Agent Party in connection with the Communications or any Electronic System. In no event shall the Administrative Agent or
any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Loan Party,
any Lender, any Issuing Bank or any other Person or entity for damages of any kind, including, without limitation, direct or indirect,
special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of any Loan
Party’s or the Administrative Agent’s transmission of communications through an Electronic System. “Communications”
means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any
Loan Party pursuant to any Loan Document or the transactions contemplated therein which is distributed by the Administrative Agent,
any Lender or any Issuing Bank by means of electronic communications pursuant to this Section, including through an Electronic
System.

 

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Section
9.02. Waivers; Amendments. (a) No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in
exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such
right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise
thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks and
the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver
of any provision of this Agreement or consent to any departure by the Borrower therefrom shall in any event be effective unless
the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific
instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance
of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender
or any Issuing Bank may have had notice or knowledge of such Default at the time.

 

(b)          Subject
to Section 2.14(b), neither this Agreement, the Guaranty Agreement nor the Pledge Agreement nor any provision thereof may be waived,
amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders
or by the Borrower and the Administrative Agent with the consent of the Required Lenders; provided that no such agreement
shall (i) increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of
any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent
of each Lender affected thereby, (iii) postpone the scheduled date of payment of the principal amount of any Loan or LC Disbursement,
or any interest thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone
the scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby, (iv) change Section
2.18(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each
Lender, (v) other than during a Pledge Release Period, release all or substantially all of the Pledged Collateral (as defined in
the Pledge Agreement) or release the Guarantor from its obligations under the Guaranty Agreement, in each case without the written
consent of each Lender; or (vi) change any of the provisions of this Section or the definition of “Required Lenders”
or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder
or make any determination or grant any consent hereunder, without the written consent of each Lender; provided further that
no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent or any Issuing Bank
hereunder without the prior written consent of the Administrative Agent and/or such Issuing Bank, as the case may be.

 

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(c)          In
addition, notwithstanding anything in this Section to the contrary, if the Administrative Agent and the Borrower shall have jointly
identified an obvious error or any error or omission of a technical nature, in each case, in any provision of the Loan Documents,
then the Administrative Agent and the Borrower shall be permitted to amend such provision, and, in each case, such amendment shall
become effective without any further action or consent of any other party to any Loan Document if the same is not objected to in
writing by the Required Lenders to the Administrative Agent within ten Business Days following receipt of notice thereof.

 

(d)          No
Person that obtains the benefits of any Pledged Collateral pursuant to a Hedging Agreement and/or Secured Cash Management Agreement
shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan
Document or otherwise in respect of the Pledged Collateral (including the release or impairment of any Pledged Collateral) other
than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding
any other provision hereof, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory
arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements or Hedging Agreements
unless the Administrative Agent has received written notice of such Secured Obligations, together with such supporting documentation
as the Administrative Agent may request, from the applicable Person.

 

(e)          Neither
the Administrative Agent nor any Issuing Bank shall have any responsibility or liability for monitoring the list or ascertaining
the identities of, or enforcing provisions related to, Disqualified Institutions.

 

(f)          None
of the agents identified on the cover page or signature pages of this Agreement as a Joint Bookrunner or Joint Lead Arranger shall
have any rights, powers, obligations, liabilities, responsibilities or duties under this Agreement or any of the other Loan Documents,
except in its capacity, as applicable, as the Administrative Agent, a Lender, or an Issuing Bank hereunder. Without limiting any
other provision of this Article, none of such agents in their respective capacities as such shall have or be deemed to have any
fiduciary relationship with any Lender or any other Person by reason of this Agreement or any other Loan Document.

 

Section
9.03. Expenses; Indemnity; Damage Waiver. (a) Regardless of whether the Effective Date shall occur, the Borrower
shall pay (i) all reasonable, documented out of pocket expenses incurred by the Administrative Agent and its Affiliates, including
the reasonable fees, charges and disbursements for no more than one (1) outside counsel and, if necessary one (1) local counsel
in each relevant material jurisdiction for the Administrative Agent, in connection with the syndication of the credit facilities
provided for herein, the preparation, execution, delivery, administration and enforcement of the Loan Documents or any amendments,
modifications or waivers of the provisions thereof (whether or not the transactions contemplated hereby or thereby shall be consummated),
(ii) all reasonable, documented out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket expenses incurred by
the Administrative Agent, any Issuing Bank or any Lender, including the fees, charges and disbursements of any counsel for the
Administrative Agent, any Issuing Bank or any Lender, in connection with investigations, proceedings, and threatened actions arising
out of, in connection with, or as a result of the execution, delivery or performance of any Loan Document, including preparation
of a defense thereto and (iv) all out-of-pocket expenses incurred by the Administrative Agent, any Issuing Bank or any Lender,
including the fees, charges and disbursements of any counsel for the Administrative Agent, any Issuing Bank or any Lender, in connection
with the enforcement or protection of its rights in connection with this Agreement, including its rights under this Section, or
in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during
any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.

 

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(b)          Each
of the Borrower and the Guarantor shall indemnify the Administrative Agent, each Issuing Bank, each Lender, each Joint Lead Arranger
and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including
the reasonable, documented fees, charges and disbursements of one (1) counsel to all Indemnitees, taken as a whole, and, if reasonably
necessary, one (1) local counsel in each relevant material jurisdiction to the Administrative Agent, taken as a whole, and, in
the case of an actual or potential conflict of interest, one (1) additional counsel to all affected Indemnitees, taken as a whole),
incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution, delivery
or performance of any Loan Document or any agreement or instrument contemplated thereby, the performance by the parties hereto
of their respective obligations hereunder or the consummation of the Transactions or any other transactions contemplated hereby,
(ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by an Issuing Bank to honor a demand
for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the
terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property
owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower
or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of
the foregoing, whether or not such claim, litigation, investigation or proceeding is brought by the Borrower, the Borrower’s
equity holders affiliates, creditors or any other third Person and whether based on contract, tort or any other theory and regardless
of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available
to the extent that such losses, claims, damages, liabilities or related expenses (y) are determined by a judgment of a court of
competent jurisdiction in a final and non-appealable judgment to have resulted by reason of the gross negligence, bad faith or
willful misconduct of, or material breach by, such Indemnitee (or any of its Related Parties) or (z) arise out of any claim, litigation,
investigation or proceeding brought by any Indemnitee (or its Related Parties) against any another Indemnitee (or its Related Parties)
(other than any claim, litigation, investigation or proceeding brought by or against the Administrative Agent, acting in its capacity
as Administrative Agent, any Issuing Bank, acting in its capacity as Issuing Bank, and any Joint Lead Arranger, acting its capacity
as Joint Lead Arranger) that does not involve any impermissible act or omission of the Borrower or any of its Subsidiaries. Neither
the Borrower nor the Guarantor shall be liable for any settlement of any proceeding referred to in this Section 9.03(b) effected
without such Borrower’s or Guarantor’s written consent (such consent not to be unreasonably withheld or delayed); provided,
however, that Borrower and the Guarantor shall indemnify the Indemnitees from and against any loss or liability by reason of such
settlement if such proceeding was settled with the written consent of such Borrower or Guarantor or such settlement is entered
into in connection with a final and non-appealable judgment by a court of competent jurisdiction, subject to, in each case, the
Borrower’s or Guarantor’s, as applicable, right in this Section 9.03(b) to claim an exemption from such indemnity obligations.
This Section 9.03(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims or damages arising
from any non-Tax claim.

 

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(c)          To
the extent that the Borrower fails to pay any amount required to be paid by it to the Administrative Agent or any Issuing Bank
under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent or such Issuing Bank,
as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense
or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim,
damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent or such
Issuing Bank in its capacity as such.

 

(d)          To
the extent permitted by applicable law, no party hereto shall assert, and each such party hereby waives, any claim against any
other party, 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 or any agreement or instrument contemplated hereby,
the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof; provided that, nothing in this clause
(d) shall relieve the Borrower or the Guarantor of any obligation it may have to indemnify an Indemnitee against special, indirect,
consequential or punitive damages asserted against such Indemnitee by a third party.

 

(e)          All
amounts due under this Section shall be payable not later than 30 days after receipt of written demand therefor together with an
invoice thereof in reasonable detail.

 

Section
9.04. Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of an Issuing Bank
that issues any Letter of Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations
hereunder without the prior written consent of each Lender and (ii) no Lender may assign or otherwise transfer its rights or obligations
hereunder except in accordance with this Section. 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 (including any Affiliate
of an Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section) and,
to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

(b)          (i)
Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Persons (other than an Ineligible
Institution) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment,
participations in Letters of Credit and the Loans at the time owing to it) with the prior written consent (such consent not to
be unreasonably withheld) of:

 

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(A)         the
Borrower, provided that, the Borrower shall be deemed to have consented to an assignment unless it shall have objected thereto
by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof; provided
that no consent of the Borrower shall be required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or,
if a Specified Event of Default has occurred and is continuing, any other assignee; provided, further that the consent
of the chief executive officer of the Borrower shall be required with respect to any assignment made to an MGL Entity (whether
or not an Event of Default then exists) and such consent must be in writing and shall not be deemed given;

 

(B)         the
Administrative Agent, provided that no consent of the Administrative Agent shall be required for an assignment of any Commitment
to an assignee that is a Lender (other than a Defaulting Lender) with a Commitment immediately prior to giving effect to such assignment;
and

 

(C)         each
Issuing Bank.

 

(ii)         Assignments
shall be subject to the following additional conditions:

 

(A)         except
in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount of the assigning
Lender’s Commitment, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined
as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not
be less than $5,000,000 unless each of the Borrower and the Administrative Agent otherwise consent, provided that no such
consent of the Borrower shall be required if an Event of Default has occurred and is continuing;

 

(B)         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;

 

(C)         the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a
processing and recordation fee of $3,500; and

 

(D)         the
assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in which the assignee
designates one or more Credit Contacts to whom all syndicate-level information (which may contain material non-public information
about the Loan Parties and their related parties or their respective securities) will be made available and who may receive such
information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities
laws.

 

For the purposes of
this Section 9.04(b), the term “Approved Fund,” “Ineligible Institution”
and “MGL Entity” have the following meanings:

 

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

 

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“Ineligible
Institution” means a (a) natural person, (b) a Defaulting Lender, (c) a Disqualified Institution, and (d) the Borrower
or any of its Affiliates other than any Affiliate that (y) is managed by a professional advisor, who is not such natural person
or a relative thereof, having significant experience in the business of making or purchasing commercial loans, and (z) has assets
greater than $25,000,000 and a significant part of its activities consist of making or purchasing commercial loans and similar
extensions of credit in the ordinary course of its business.

 

“MGL Entity”
means Macquarie Group Limited or any of its subsidiaries, Affiliates or managed funds or investment vehicles.

 

(iii)        Subject
to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section, from and after the effective date specified
in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by
such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this
Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16,
2.17 and 9.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with
this Section 9.04 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.

 

(iv)        The
Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices a
copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders,
and the Commitment of, and principal amount (and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant
to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive,
and the Borrower, the Administrative Agent, the Issuing Banks 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 shall be available for inspection by the Borrower, any Issuing Bank and any Lender, at any reasonable time
and from time to time upon reasonable prior notice.

 

(v)         Upon
its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s
completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section,
the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register;
provided that if either the assigning Lender or the assignee shall have failed to make any payment required to be made by
it pursuant to Section 2.05(c), 2.06(d) or (e), 2.07(b), 2.18(d) or 9.03(c), the Administrative Agent shall have no obligation
to accept such Assignment and Assumption and record the information therein in the Register unless and until such payment shall
have been made in full, together with all accrued interest thereon. No assignment shall be effective for purposes of this Agreement
unless it has been recorded in the Register as provided in this paragraph.

 

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(c)          Any
Lender may, without the consent of the Borrower (except that a participation to any MGL Entity shall require the consent of the
chief executive officer of the Borrower), the Administrative Agent or the Issuing Banks, sell participations to one or more banks
or other entities (a “Participant”), other than an Ineligible Institution, in all or a portion of such
Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment 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 Administrative
Agent, the Issuing Banks 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; 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 the first
proviso to Section 9.02(b) that affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits
of Sections 2.15, 2.16 and 2.17 (subject to the requirements and limitations therein, including the requirements under 2.17(f)
and (g)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this
Section; provided that such Participant (A) agrees to be subject to the provisions of Section 2.19 as if it were an assignee
under paragraph (b) of this Section; and (B) shall not be entitled to receive any greater payment under Section 2.15 or 2.17, with
respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement
to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation
or if the participation is made with the Borrower’s consent. Each Lender that sells a participation agrees, at the Borrower’s
request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 2.19(b) with
respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section
9.08 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.18(c) as though it were
a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower,
maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest)
of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”);
provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including
the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters
of Credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary
to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 5f.103-1(c) of
the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and
such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all
purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in
its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

 

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(d)          Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank
or any other central bank having jurisdiction over such Lender, and this Section shall not apply to any such pledge or assignment
of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any
of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 

Section
9.05. Survival. All covenants, agreements, representations and warranties made by the Borrower herein and in the
certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied
upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the making of any Loans and
issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding
that the Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation
or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal
of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or
any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.15,
2.16, 2.17 and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions
contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or
the termination of this Agreement or any provision hereof.

 

Section
9.06. Counterparts; Integration; Effectiveness; Electronic Execution. (a)This Agreement may be executed in counterparts
(and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. This Agreement and any separate letter agreements with respect to fees payable
to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede
any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided
in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the
Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other
parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns.

 

(b)          Delivery
of an executed counterpart of a signature page of this Agreement by telecopy, emailed pdf. or any other electronic means that reproduces
an image of the actual executed signature page shall be effective as delivery of an original executed counterpart of this Agreement.
The words “execution,” “signed,” “signature,” “delivery,” and words of like import
in or relating to any document to be signed in connection with this Agreement and the transactions contemplated hereby shall be
deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as an original executed signature, physical delivery thereof or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic
Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar
state laws based on the Uniform Electronic Transactions Act.

 

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Section
9.07. 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
9.08. Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its
Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply
any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time
owing by such Lender or Affiliate to or for the credit or the account of the Borrower against any of and all the obligations of
the Borrower now or hereafter existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall
have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender under this
Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.

 

Section
9.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This Agreement shall be construed in accordance
with and governed by the law of the State of New York.

 

(b)          The
Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme
Court of the State of New York sitting in New York County, Borough of Manhattan, and of the United States District Court for the
Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating
to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally
agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the
extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final non-appealable judgment in any such
action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent, any Issuing Bank or any Lender
may otherwise have to bring any action or proceeding relating to this Agreement against the Borrower or its properties in the courts
of any jurisdiction.

 

(c)          The
Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection
which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this
Agreement in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the
fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such
court.

 

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(d)          Each
party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing
in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law.

 

Section
9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO
HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

Section
9.11. 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
9.12. Confidentiality. Each of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’
directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep
such Information confidential), (b) to the extent requested by any regulatory authority (including any self-regulatory authority,
such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by
any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies
hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (f) subject to an
agreement containing provisions substantively similar as those of this Section, to (i) any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective
counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the
consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach
of this Section or (ii) becomes available to the Administrative Agent, any Issuing Bank or any Lender on a non-confidential basis
from a source other than the Borrower; provided, however, that with respect to disclosures pursuant to clause (b)
(other than any such disclosure in connection with any routine compliance examination or examination of the financial condition
of such Lender by such regulatory authority) and clause (c) of this Section, unless prohibited by law or applicable court order,
each Lender and the Administrative Agent shall attempt to notify the Borrower of any request by any governmental agency or representative
thereof or other Person for disclosure of Information after receipt of such request, and if reasonable, practicable and permissible,
before disclosure of such Information. For the purposes of this Section, “Information” means all information
received from the Borrower relating to the Borrower or its business, other than any such information that is available to the Administrative
Agent, any Issuing Bank or any Lender on a non-confidential basis prior to disclosure by the Borrower. Any Person required to maintain
the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so
if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord
to its own confidential information. Notwithstanding anything to the contrary contained in this Section 9.12, in no event shall
any Information be disclosed to any Disqualified Institution.

 

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Section
9.13. Material Non-Public Information.

 

(a)          EACH
LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 9.12(a) FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL
NON-PUBLIC INFORMATION CONCERNING THE BORROWER 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.

 

(b)          ALL
INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE BORROWER OR THE ADMINISTRATIVE AGENT PURSUANT TO,
OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION
ABOUT THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWER
AND THE ADMINISTRATIVE AGENT 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
9.14. Authorization to Distribute Certain Materials to Public-Siders.

 

(a)          If
the Borrower does not file this Agreement with the SEC, then the Borrower hereby authorizes the Administrative Agent to distribute
the execution version of this Agreement and the Loan Documents to all Lenders, including their Public-Siders. The Borrower acknowledges
its understanding that Public-Siders and their firms may be trading in any of the Parties’ respective securities while in
possession of the Loan Documents.

 

(b)          The
Borrower represents and warrants that none of the information in the Loan Documents constitutes or contains material non-public
information within the meaning of the federal and state securities laws. To the extent that any of the executed Loan Documents
constitutes at any time a material non-public information within the meaning of the federal and state securities laws after the
date hereof, the Company agrees that it will promptly make such information publicly available by press release or public filing
with the SEC.

 

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Section
9.15. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate
applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable
law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”)
which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable
law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall
be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such
Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable
to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated
amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by
such Lender.

 

Section
9.16. USA PATRIOT Act. Each Lender that is subject to the requirements of the USA Patriot Act (Title III of Pub.
L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby notifies the Borrower that pursuant
to the requirements of the Act, it is required to obtain, verify and record information that identifies the Borrower, which information
includes the name and address of the Borrower and other information that will allow such Lender to identify the Borrower in accordance
with the Act. This notice is given in accordance with the requirements of the Act and is effective for the Administrative Agent,
each Issuing Bank and each Lender.

 

Section
9.17. Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary
in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges
that any liability of any EEA Financial Institution arising under any Loan Document 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 party hereto 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 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 any EEA Resolution
Authority.

 

    	 	86	 

     

    

  

Section
9.18. Effect of Amendment and Restatement.

 

(a)          On
and as of the Effective Date, the Existing Credit Agreement shall be amended, restated and superseded in its entirety by this Agreement.
The parties hereto acknowledge and agree that (i) this Agreement and the other Loan Documents, whether executed and delivered in
connection herewith or otherwise, do not constitute a novation, payment or reborrowing, or termination of the “Obligations”
(as defined in the Existing Credit Agreement) as in effect prior to the Effective Date and (ii) such “Obligations”
are in all respects continuing (as amended and restated hereby) with only the terms thereof being modified as provided in this
Agreement. Each reference to the “Credit Agreement” in any Loan Document shall be deemed to be a reference to this
Agreement.

 

(b)          The
Borrower and the Guarantor hereby confirm that each Loan Document to which it is a party or otherwise bound and all Pledged Collateral
encumbered thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with
the Loan Documents, the payment and performance of all Secured Obligations under each of the Loan Documents to which it is a party.
The Borrower and the Guarantor acknowledge and agree that (i) any of the Loan Documents to which it is a party or is otherwise
bound shall continue in full force and effect and that all of its obligations thereunder shall be valid, enforceable, ratified
and confirmed in all respects and shall not be impaired or limited by the execution or effectiveness of this Agreement and (ii)
all security interests created under any of the Security Documents shall continue in full force and effect pursuant to the terms
of such Security Documents.

 

(c)          If,
immediately prior to the Effective Date, there are any Revolving Loans outstanding under the Existing Credit Agreement (the “Existing
Revolving Loans”), such Existing Revolving Loans shall, on the Effective Date, be prepaid from the proceeds of additional
Revolving Loans hereunder (deemed to be made after giving effect to this Agreement), which prepayment shall be accompanied by accrued
interest on the Existing Revolving Loans and any costs incurred by any “Lender” (as defined in the Existing Credit
Agreement) in accordance with Section 2.16 of the Existing Credit Agreement, such that after giving effect to such prepayment and
such new Revolving Loans, all Revolving Loans will be held by the Lenders ratably in accordance with their Applicable Percentages
hereunder.

 

(d)          On
the Effective Date, without further action by any party hereto (including the delivery of a notice of the issuance of a Letter
of Credit pursuant to Section 2.06 or any consent of, or confirmation by or to, the Administrative Agent), (i) each “Letter
of Credit” (as defined in the Existing Credit Agreement) listed on Schedule 9.19 hereto that was issued by an Issuing Bank
(such letters of credit, collectively, “Existing Letters of Credit”) shall become a Letter of Credit
outstanding under this Agreement, shall be deemed to be a Letter of Credit issued under this Agreement and shall be subject to
the terms and conditions hereof as if each such Existing Letter of Credit were issued by the applicable Issuing Bank pursuant to
this Agreement and (ii) each Issuing Bank that has issued an Existing Letter of Credit shall be deemed to have granted each Revolving
Lender, and each Revolving Lender shall be deemed to have acquired from such Issuing Bank, on the terms and conditions of Section
2.06 hereof, for such Lender’s own account and risk, an undivided interest and participation in such Issuing Bank’s
obligations and rights under each such Existing Letter of Credit equal to such Lender’s Applicable Percentage of the face
amount of such Letter of Credit (including all obligations of the Borrower for whose account such Letter of Credit was issued and
any security or guaranty pertaining thereto).

 

    	 	87	 

     

    

  

(e)          Each
party hereto that was a “Lender” (as defined in the Existing Credit Agreement) with “Commitments” (as defined
in the Existing Credit Agreement) outstanding immediately prior to the Effective Date hereby consents to the amendment and restatement
of the Existing Credit Agreement in its entirety and in accordance with this Agreement and Section 9.02 of the Existing Credit
Agreement.

 

Section
9.19. Releases of Pledged Collateral.

 

(a)          Notwithstanding
anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized
by each Lender and each Issuing Bank (without requirement of notice to or consent of any Lender or any Issuing Bank) to take, and
the Administrative Agent hereby agrees to take promptly, at the Borrower’s expense, any action requested by the Borrower
having the effect of releasing, or evidencing the release of, the Pledged Collateral under the circumstances described in this
Section 9.19.

 

(b)          At
any time during an Investment Grade Period, upon request by the Borrower, all of the Liens in or on the Pledged Collateral securing
the Secured Obligations shall be released (the date on which such release occurs, the “Pledge Release Date”);
provided that (i) any other Liens securing any Permitted Borrower Secured Debt or Permitted Borrower Junior Secured Debt
have been, or shall be contemporaneously, released and (ii) no Event of Default then exists and is continuing.

 

(c)          If
at any time after a Pledge Release Date, a Pledge Trigger Date shall occur, then (i) the Liens in or on the Pledged Collateral
shall automatically reinstate on a first priority basis subject only to Liens permitted by Section 6.02 and (ii) the Borrower will,
and will cause the Guarantor to, at the Borrower’s own expense, promptly, and in any event within 5 Business Days (or by
such later date as the Administrative Agent in its discretion may consent), execute and take such further action to affirm the
grant of security interests or other Liens on a first priority basis and evidence and re-perfect such security interest or other
Liens in and on the Pledged Collateral as the Administrative Agent may reasonably request (it being understood and agreed that,
in the Borrower’s discretion (or in accordance with the terms thereof), contemporaneously therewith (or at any time thereafter)
Liens thereon securing any Permitted Borrower Secured Debt or Permitted Borrower Junior Secured Debt may also be reinstated if
permitted to exist pursuant to Section 6.02(d) or (g), in each case subject to the priorities and intercreditor arrangements contemplated
thereby).       

 

    	 	88	 

     

    

  

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

 

	 	MACQUARIE INFRASTRUCTURE CORPORATION,
	 	 
	 	By:	/s/ Liam Stewart
	 	 	
        Name: Liam Stewart

        Title: Chief Financial Officer and Vice President

 

	 	By:	/s/ Christopher Frost
	 	 	
        Name: Christopher Frost

        Title: Chief Executive Officer, President,
        and Chief Operating Officer

	 	 
	 	MIC OHANA CORPORATION,
	 	 
	 	By:	/s/ Liam Stewart
	 	 	
        Name: Liam Stewart

        Title: Chief Financial Officer and Treasurer

	 	 	 
	 	By:	/s/ Christopher Frost
	 	 	
        Name: Christopher Frost

        Title: President

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

  

	 	JPMORGAN CHASE BANK, N.A., as Administrative Agent, an Issuing Bank and a Lender
	 	 
	 	By:	/s/ Anson Williams
	 	 	
        Name: Anson Williams

        Title: Authorized Officer

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

  

	 	Barclays Bank PLC,

as an Issuing Bank and a Lender
	 	 
	 	By:	/s/ Sydney G. Dennis
	 	 	
        Name: Sydney G. Dennis

        Title: Director

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	Bank of America, N.A.,

as an Issuing Bank and a Lender
	 	 
	 	By:	/s/ Adam C. Rose
	 	 	
        Name: Adam C. Rose

        Title: Senior Vice President

 

	 	By:	/s/ Adam C. Rose
	 	 	
        Name: Adam C. Rose

        Title: Senior Vice President

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	Citizens Bank,

as an Issuing Bank and a Lender
	 	 
	 	By:	/s/ Scott M. Lankford
	 	 	
        Name: Scott M. Lankford

        Title: Senior Vice President

	 	 	 

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

	 	CrÉdit Agricole Corporate and Investment Bank,

as an Issuing Bank and a Lender
	 	 
	 	By:	/s/ Omer Balaban
	 	 	
        Name: Omer Balaban

        Title: Managing Director

	 	 	 
	 	By:	/s/ Peter Manis
	 	 	
        Name: Peter Manis

        Title: Managing Director

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

		
	 	MIHI LLC,

as a “Lender” (as defined under the Existing Credit Agreement),solely for purposes of Section
9.18(e) hereto

	 	 
	 	By:	/s/ Michael Barrish
	 	 	
        Name: Michael Barrish

        Title: Authorized Signatory

	 	 	 
	 	By:	/s/ Mimi Shih
	 	 	
        Name: Mimi Shih

        Title: Authorized Signatory

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

 

     

     

    

  

	 	Mizuho Bank, Ltd.,

as an Issuing Bank and a Lender
	 	 
	 	By:	/s/ Nelson Chang
	 	 	
        Name: Nelson Chang

        Title: Authorized Signatory

	 	 	 

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

  

	 	Regions Bank,

as an Issuing Bank and a Lender
	 	 
	 	By:	/s/ Brian J. Walsh
	 	 	
        Name: Brian J. Walsh

        Title: Director

	 	 	 

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

     

     

    

  

	 	Royal Bank of Canada,

as an Issuing Bank and a Lender
	 	 
	 	By:	/s/ Benjamin Lennon
	 	 	
        Name: Benjamin Lennon

        Title: Authorized Signatory

	 	 	 

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

  

	 	SunTrust Bank,

as an Issuing Bank and a Lender
	 	 
	 	By:	/s/ Carmen Malizia
	 	 	
        Name: Carmen Malizia

        Title: Director

	 	 	 

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

  

	 	Wells Fargo Bank, N.A.,

as an Issuing Bank and a Lender
	 	 
	 	By:	/s/ Yann Blindert
	 	 	
        Name: Yann Blindert

        Title: Director

	 	 	 

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

  

	 	Macquarie Capital Funding LLC,

as a Lender
	 	 
	 	By:	/s/ Michael Barrish
	 	 	
        Name: Michael Barrish

        Title: Authorized Signatory

	 	 	 
	 	By:	/s/ Mimi Shih
	 	 	
        Name: Mimi Shih

        Title: Authorized Signatory

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

  

	 	America Savings Bank, F.S.B.,

as a Lender
	 	 
	 	By:	/s/ Edward Chin
	 	 	
        Name: Edward Chin

        Title: First Vice President

	 	 	 

 

[SIGNATURE PAGE TO AMENDED AND RESTATED
CREDIT AGREEMENT]

 

     

     

    

 

SCHEDULE 2.01

 

Commitments 

 

	Lender	 	Commitment	 
	JPMorgan Chase Bank, N.A.	 	$	55,000,000	 
	Barclays Bank PLC	 	$	55,000,000	 
	Bank of America, N.A.	 	$	55,000,000	 
	Citizens Bank	 	$	55,000,000	 
	Credit Agricole Corporate and Investment Bank	 	$	55,000,000	 
	Mizuho Bank, Ltd.	 	$	55,000,000	 
	Regions Bank	 	$	55,000,000	 
	Royal Bank of Canada	 	$	55,000,000	 
	SunTrust Bank	 	$	55,000,000	 
	Wells Fargo Bank, N.A.	 	$	55,000,000	 
	Macquarie Capital Funding LLC	 	$	40,000,000	 
	America Savings Bank, F.S.B.	 	$	10,000,000	 
	Total:	 	$	600,000,000	 

 

     

     

    

 

EXHIBIT C

 

[FORM
OF] GUARANTY AGREEMENT

 

GUARANTY
AGREEMENT (this “Guaranty”), dated as of [______________________], 20[__], by and among MIC Ohana
Corporation (the “Guarantor”) and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the
“Administrative Agent”) for the Secured Parties (as defined in the Credit Agreement referred to below).

 

Capitalized
terms used herein without definition shall have the meaning assigned to them in that certain Credit Agreement, dated as of January
3, 2018 among Macquarie Infrastructure Corporation, a Delaware corporation (the “Borrower”), MIC Ohana
Corporation, JPMorgan Chase Bank, N.A., as administrative agent (in such capacity and including any successors in such capacity)
and each of the financial institutions from time to time party thereto (as amended, restated or otherwise modified from time to
time, the “Credit Agreement”).

 

1.          Guaranty.
The Guarantor hereby absolutely, irrevocably and unconditionally guarantees, as a guaranty of payment and performance and not merely
as a guaranty of collection, full and punctual payment when due, whether at stated maturity, by required prepayment, upon acceleration,
demand or otherwise, and at all times thereafter, of any and all of the Secured Obligations and whether arising under any Loan
Document (including all renewals, extensions, amendments and other modifications thereof and all reasonable costs, attorneys’
fees and expenses incurred by the Secured Parties in connection with the collection or enforcement thereof to the extent provided
in the Credit Agreement), and whether recovery upon such indebtedness and liabilities may be or hereafter become unenforceable
or shall be an allowed or disallowed claim under any proceeding or case commenced by or against the Guarantor or the Borrower during
a Bankruptcy Event, and including interest that accrues after the commencement by or against the Borrower of any proceeding during
such a Bankruptcy Event (collectively, the “Guaranteed Obligations”). This Guaranty shall not be affected by
the genuineness, validity, regularity or enforceability of the Guaranteed Obligations or any instrument or agreement evidencing
any Guaranteed Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral
therefor, or by any fact or circumstance relating to the Guaranteed Obligations which might otherwise constitute a defense to the
obligations of the Guarantor under this Guaranty, and the Guarantor hereby irrevocably waives any defenses it may now have or hereafter
acquire in any way relating to any or all of the foregoing to the extent permissible under the applicable law. The Guarantor and
each Secured Party (by its acceptance of the benefits of this Guaranty) hereby confirms that it is its intention that this Guaranty
not constitute a fraudulent transfer or conveyance for purposes of Title 11 of the United States Code (the “Bankruptcy
Code”), the Uniform Fraudulent Conveyance Act of any similar Federal or state law. To effectuate the foregoing intention,
the Guarantor and each Secured Party (by its acceptance of the benefits of this Guaranty) hereby irrevocably agrees that the Guaranteed
Obligations guaranteed by the Guarantor shall be limited to such amount as will, after giving effect to such maximum amount and
all other (contingent or otherwise) liabilities of the Guarantor that are relevant under such laws (and, if applicable, after giving
effect to any rights to contribution pursuant to any agreement providing for an equitable contribution among the Guarantor and
any other guarantor), result in the Guaranteed Obligations of the Guarantor in respect of such maximum amount not constituting
a fraudulent transfer or conveyance.

 

    	 	1	 

    EXHIBIT C

    

 

It is agreed that the
occurrence of any one or more of the following shall not alter or impair the liability of the Guarantor hereunder which shall remain
absolute and unconditional under any and all circumstances as described above:

 

(a)          at
any time or from time to time, without notice to the Guarantor, the time for any performance of or compliance with any of the Guaranteed
Obligations shall be extended, or such performance or compliance shall be waived;

 

(b)          any
of the acts mentioned in any of the provisions of the Loan Documents, if any, or any other agreement or instrument referred to
herein or therein shall be done or omitted;

 

(c)          the
maturity of any of the Guaranteed Obligations shall be accelerated, or any of the Guaranteed Obligations shall be amended in any
respect in the manner permitted by the Credit Agreement, or any right under the Loan Documents or any other agreement or instrument
referred to herein or therein shall be amended or waived in any respect or any other guarantee of any of the Obligations or any
security therefor shall be released or exchanged in whole or in part or otherwise dealt with; or

 

(d)          any
Lien or security interest granted to, or in favor of, any Secured Party or the Administrative Agent as security for any of the
Guaranteed Obligations shall fail to be perfected.

 

This Guaranty shall be
construed as a continuing, absolute and unconditional guarantee of payment without regard to any right of offset with respect to
the Guaranteed Obligations at any time or from time to time held by Secured Parties, and the obligations and liabilities of the
Guarantor hereunder shall not be conditioned or contingent upon the pursuit by the Secured Parties or any other person at any time
of any right or remedy against the Borrower or against any other person which may be or become liable in respect of all or any
part of the Guaranteed Obligations or against any collateral security or guarantee therefor or right of offset with respect thereto. 
This Guaranty shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon the Guarantor
and the successors and permitted assigns thereof, and shall inure to the benefit of the Secured Parties, and their respective successors
and permitted assigns.

 

2.          Representations
and Warranties. The Guarantor represents and warrants to the Secured Parties, as of the Effective Date, that (i) it is duly
organized, validly existing and in good standing under the laws of the jurisdiction of its organization; (ii) the execution and
delivery hereof by the Guarantor, and the performance of its obligations hereunder are within the Guarantor’s corporate powers
and have been duly authorized by all necessary corporate action; and (iii) this Guaranty has been duly executed and delivered by
the Guarantor and constitutes a legal, valid and binding obligation of the Guarantor, enforceable in accordance with its terms,
subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally
and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

 

    	 	2	 

    EXHIBIT C

    

 

3.          Rights
of Lenders. The Guarantor consents and agrees that the Administrative Agent may, at any time and from time to time, without
notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) amend in accordance with the
Credit Agreement, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the
Guaranteed Obligations or any part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise
dispose of any security for the payment of this Guaranty or any Guaranteed Obligations; (c) apply such security and direct the
order or manner of sale thereof as the Administrative Agent in its sole discretion may determine; and (d) release or substitute
one or more of any endorsers or other guarantors of any of the Guaranteed Obligations. Without limiting the generality of the foregoing,
the Guarantor consents to the taking of, or failure to take, any action which might in any manner or to any extent vary the risks
of the Guarantor under this Guaranty or which, but for this provision, might operate as a discharge of the Guarantor.

 

4.          Certain
Waivers. The Guarantor waives, to the extent permitted by applicable law, (a) any defense arising by reason of any disability
or other defense of the Borrower or any other guarantor, or the cessation from any cause whatsoever (including any act or omission
of the Secured Parties) of the liability of the Borrower; (b) any defense based on any claim that the Guarantor’s obligations
exceed or are more burdensome than those of the Borrower; (c) the benefit of any statute of limitations affecting the Guarantor’s
liability hereunder; (d) any right to require the Secured Parties to proceed against the Borrower, proceed against or exhaust any
security for the Guaranteed Obligations, or pursue any other remedy in the Secured Parties’ power whatsoever; (e) any benefit
of and any right to participate in any security now or hereafter held by the Secured Parties; and (f) to the fullest extent permitted
by law, any and all other defenses or benefits that may be derived from or afforded by applicable law limiting the liability of
or exonerating guarantors or sureties. The Guarantor expressly waives all setoffs and counterclaims and all presentments, demands
for payment or performance, notices of nonpayment or nonperformance, protests, notices of protest, notices of dishonor and all
other notices or demands of any kind or nature whatsoever with respect to the Guaranteed Obligations, and all notices of acceptance
of this Guaranty or of the existence, creation or incurrence of new or additional Guaranteed Obligations. In connection with the
foregoing, the Guarantor covenants that its obligations hereunder shall not be discharged, except by complete performance.

 

5.          Obligations
Independent. The obligations of the Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent
of the Guaranteed Obligations and the obligations of any other guarantor, and a separate action may be brought against the Guarantor
to enforce this Guaranty whether or not the Borrower or any other person or entity is joined as a party.

 

6.          Subrogation.
The Guarantor shall not exercise any right of subrogation, contribution, indemnity,
reimbursement or similar rights with respect to any payments it makes under this Guaranty until all of the Guaranteed Obligations
(other than any contingent obligations for which no amounts are then due) and any amounts payable under this Guaranty have been
paid and performed in full and any commitments of the Secured Parties or facilities provided by the Secured Parties with respect
to the Guaranteed Obligations are terminated. If any amounts are paid to the Guarantor in violation of the foregoing limitation,
then such amounts shall be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the Secured Parties
to reduce the amount of the Guaranteed Obligations, whether matured or unmatured.

 

    	 	3	 

    EXHIBIT C

    

 

7.          Termination;
Reinstatement. This Guaranty is a continuing and irrevocable guaranty of all Guaranteed Obligations under the Loan Documents
now or hereafter existing and shall remain in full force and effect until all Guaranteed Obligations and any other amounts payable
under this Guaranty are paid in full in cash and any commitments of the Secured Parties under the Loan Documents or facilities
provided by the Secured Parties under the Loan Documents with respect to the Guaranteed Obligations are terminated. Notwithstanding
the foregoing, this Guaranty shall continue in full force and effect or be revived, as the case may be, if any payment by or on
behalf of the Borrower or the Guarantor is made, or the Secured Parties exercise their right of setoff,
in respect of the Guaranteed Obligations and such payment or the proceeds of such setoff
or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including
pursuant to any settlement entered into by the Secured Parties in its discretion) to be repaid to a trustee, receiver or any other
party, in connection with any proceeding under the Bankruptcy Code or otherwise, all as if such payment had not been made or such
setoff had not occurred and whether or not the Secured Parties are in possession
of or has released this Guaranty and regardless of any prior revocation, rescission, termination or reduction. The obligations
of the Guarantor under this paragraph shall survive termination of this Guaranty.

 

8.          Subordination.
The Guarantor hereby subordinates the payment of all obligations and indebtedness of the Borrower owing to the Guarantor, whether
now existing or hereafter arising, including but not limited to any obligation of the Borrower to the Guarantor as subrogee of
the Secured Parties or resulting from the Guarantor’s performance under this Guaranty, to the payment in full of all Guaranteed
Obligations. If the Administrative Agent so requests after the occurrence and during the continuance of an Event of Default, any
such obligation or indebtedness of the Borrower to the Guarantor shall be enforced and performance received by the Guarantor as
trustee for the Secured Parties and the proceeds thereof shall be paid over to the Secured Parties on account of the Guaranteed
Obligations, but without reducing or affecting in any manner the liability of the Guarantor under this Guaranty.

 

9.          Stay
of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, in
connection with any case commenced by or against the Guarantor or the Borrower under the Bankruptcy Code, or otherwise, all such
amounts shall nonetheless be payable by the Guarantor immediately upon demand by the Secured Parties.

 

10.         Expenses.
The Guarantor shall pay on demand all reasonable, documented out-of-pocket expenses (but limited, in the case of legal fees and
expenses, to the reasonable and documented fees and expenses of one outside counsel) in any way relating to the enforcement or
protection of the Lender’s rights under this Guaranty or in respect of the Guaranteed Obligations, including any incurred
during any “workout” or restructuring in respect of the Guaranteed Obligations and any incurred in the preservation,
protection or enforcement of any rights of the Lender in any proceeding the Bankruptcy Code. The obligations of the Guarantor under
this paragraph shall survive the payment in full of the Guaranteed Obligations and termination of this Guaranty.

 

11.         Miscellaneous.
No provision of this Guaranty may be waived, amended, supplemented or modified, except by a written instrument executed by the
Administrative Agent (with the consent of the Lenders or Required Lenders if required under the Credit Agreement) and the Guarantor.
No failure by the Lender to exercise, and no delay in exercising, any right, remedy or power hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise of any right, remedy or power hereunder preclude any other or further exercise
thereof or the exercise of any other right, power or remedy. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law or in equity. The unenforceability or invalidity of any provision of this Guaranty shall not affect the
enforceability or validity of any other provision herein.

 

    	 	4	 

    EXHIBIT C

    

 

12.         Condition
of Borrower. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining
from the Borrower and any other guarantor such information concerning the financial condition, business and operations of the Borrower
and any such other guarantor as the Guarantor requires, and that the Administrative Agent has no duty, and the Guarantor is not
relying on the Administrative Agent at any time, to disclose to the Guarantor any information relating to the business, operations
or financial condition of the Borrower or any other guarantor (the guarantor waiving any duty on the part of the Administrative
Agent to disclose such information and any defense relating to the failure to provide the same).

 

13.         Setoff.
If and to the extent any payment is not made when due hereunder, the Administrative Agent may setoff and charge from time to time
any amount so due against any or all of the Guarantor’s accounts or deposits with the Administrative Agent.

 

14.         Binding
Effect; Several Agreement; Assignments.  Whenever in this Guaranty any of the parties hereto is referred to, such reference
shall be deemed to include the successors and permitted assigns of such party; and all covenants, promises and agreements by or
on behalf of the Guarantor that are contained in this Guaranty shall bind and inure to the benefit of each party hereto and their
respective successors and permitted assigns.  This Guaranty shall become effective as to the Guarantor when a counterpart
hereof executed on behalf of the Guarantor shall have been delivered to the Administrative Agent and a counterpart hereof shall
have been executed on behalf of the Administrative Agent, and thereafter shall be binding upon the Guarantor and the Administrative
Agent and their respective successors and permitted assigns, and shall inure to the benefit of the Guarantor, the Administrative
Agent and the other Secured Parties, and their respective successors and permitted assigns, except that the Guarantor shall not
have the right to assign its rights or obligations hereunder or any interest herein (and any such attempted assignment shall be
void) without the prior written consent of the Required Lenders or as otherwise permitted by the Credit Agreement.  The Administrative
Agent is hereby expressly authorized to, and agrees upon request of the Borrower it will, release any Guarantor from its obligations
hereunder (including its Guaranty) in upon payment in full of the Guaranteed Obligations, or as otherwise permitted under the Credit
Agreement.

 

15.         Governing
Law. This Guaranty AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT shall be governed by, and construed AND INTERPRETED
in accordance with, the laws of the State of New York.

 

    	 	5	 

    EXHIBIT C

    

 

16.         Jurisdiction;
Notices. (a) Each party hereto hereby irrevocably and unconditionally submits for itself and its property in any legal action
or proceeding relating to this Guaranty, or for recognition and enforcement of any judgment in respect thereof, to the exclusive
general jurisdiction of the courts of the State of New York, the courts of the United States for the Southern District of New York,
and appellate courts from any thereof, in each case that are located in the Borough of Manhattan, The City of New York, (b) the
Guarantor hereby irrevocably and unconditionally (i) agrees that any such action or proceeding shall 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, (ii) 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 Guarantor at its address set forth in the Guarantor’s signature page below
or at such other address of which the Administrative Agent shall have been notified pursuant thereto, (iii) 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 of the
Administrative Agent to sue in any other jurisdiction and (iv) 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 any special, exemplary, punitive or
consequential damages. All notices and other communications to the Guarantor under this Guaranty shall be in writing and given
as provided in Section 9.01 of the Credit Agreement.

 

17.         WAIVER
OF JURY TRIAL; FINAL AGREEMENT. EACH OF THE GUARANTOR AND THE LENDER PARTIES HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES
TRIAL BY JURY WITH RESPECT TO ANY LEGAL OR PROCEEDING RELATING TO THIS GUARANTY OR THE GUARANTEED OBLIGATIONS. THIS GUARANTY REPRESENTS
THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS
BETWEEN THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

[Signature Page Follows]

 

    	 	6	 

     

    

 

IN WITNESS WHEREOF, the undersigned has
executed this Agreement as of the date first above written.

 

	 	MIC OHANA CORPORATION,
	 	as Guarantor
	 	 	 
	 	By: 	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Title: 	 

 

GUARANTY
AGREEMENT

 

     

     

    

 

	 	JPMORGAN CHASE BANK, N.A., 
	 	as Administrative Agent
	 	 	 
	 	By: 	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Title: 	 

 

GUARANTY
AGREEMENT

 

     

     

    

 

EXHIBIT D

 

AMENDED AND RESTATED PLEDGE AGREEMENT

 

THIS AMENDED AND RESTATED
PLEDGE AGREEMENT (this “Agreement”), dated to be effective as of January 3, 2018 (the “Effective Date”),
is entered into by and between Macquarie Infrastructure Corporation, a Delaware corporation (hereinafter “Debtor”)
and JPMorgan Chase Bank, N.A., for itself and as agent for each of the Secured Parties (in such capacity, the “Administrative
Agent”). Debtor hereby grants to the Secured Parties a continuing security interest in and to, and a Lien on (subject
to any Permitted Liens), all of the “Pledged Collateral”, as defined in Section 2 of this Agreement. Debtor
and the Secured Parties hereby further agree as follows:

 

1.          OBLIGATIONS.
The security interest hereby granted shall secure the full, prompt and complete payment and performance of the “Secured
Obligations”, as that term is defined in the Credit Agreement.

 

2.          COLLATERAL.
The collateral in which a security interest is hereby granted comprises all of Debtor’s rights, titles and interests in and
to the following, whether now owned or existing or hereafter arising or acquired, regardless of where any such assets and property
are located (all of such assets and property and all of the below described assets and property being, collectively, the “Pledged
Collateral”):

 

(a)          all
Equity Interests (whether now owned or existing or hereafter arising or acquired, whether the same constitutes “general intangibles”,
“investment property”, a “security” or other personal property under the Uniform Commercial Code, and whether
such interest is certificated or uncertificated) (i) in any Pledged Company or Minority Investment Issuer and (ii) the Equity Interests
described on or referred to in Schedule I (the foregoing described property being, the “Pledged Equity”);

 

(b)          the
certificate(s) or instrument(s), if any, representing the Pledged Equity;

 

(c)          all
(i) dividends and distributions (in cash, instruments, Equity Interests or otherwise) on all of the Pledged Equity, including Debtor’s
share of the profits and losses of the Pledged Company, (ii) rights to subscribe for, purchase or sell any or all of the Pledged
Equity and (iii) other rights and property from time to time received, receivable or otherwise distributed or distributable, in
each case in respect of or in exchange for any or all of the Pledged Equity;

 

(d)          all
Indebtedness (whether now owned or existing or hereafter arising or acquired, whether the same constitutes “general intangibles”,
“instruments”, “investment property”, a “security” or other personal property under the Uniform
Commercial Code, and whether such interest is represented by a promissory note) owed to Debtor by any Pledged Company or any Minority
Investment Issuer, including the Indebtedness described on or referred to in Schedule I, and all promissory notes and instruments
(as that term is defined in the Uniform Commercial Code), if any, issued by any such Person to Debtor (the foregoing described
property being, the “Pledged Debt”);

 

(e)          the
certificate(s) or instrument(s) representing the Pledged Debt;

 

(f)          all
books and records pertaining to any of the foregoing; and

 

     

    EXHIBIT D

    

  

(g)          all
cash and non-cash proceeds, interest, profits and other income of or on any of the foregoing described property and other supporting
obligations given with respect to any of the foregoing.

 

Notwithstanding the foregoing, the “Pledged
Collateral” shall not include any property (other than proceeds of Pledged Collateral) held in a securities account.

 

3.          DEFINITIONS.
In addition to the capitalized terms defined elsewhere in this Agreement, as used herein, the following capitalized terms will
have the following meanings:

 

(a)          “Credit
Agreement” means the Amended and Restated Credit Agreement, dated as of the date hereof, by and among Debtor, MIC Ohana
Corporation, the Administrative Agent and the lenders from time to time party thereto, as the same may hereafter be further amended,
restated, amended and restated, supplemented, or otherwise modified from time to time.

 

(b)          “Existing
Pledge Agreement” means the Pledge Agreement dated as of July 16, 2014, between the Debtor and the Administrative Agent.

 

(c)          “Issuer”
means any issuer of any Pledged Debt.

 

(d)          “Minority
Investment Issuer” means any Person (i) in which the Borrower and its Subsidiaries, collectively, own 5% or more of any
class of Equity Interests and (ii) in which the Borrower and its Subsidiaries, collectively, own Equity Interests and Indebtedness
of $25,000,000 or more (based upon the initial amount of such investments and extensions of credit).

 

(e)          “Permitted
Liens” means (i) Permitted Encumbrances and (ii) the Liens in favor of Secured Parties.

 

(f)          “Pledged
Company” means MIC Ohana Corporation and any other Subsidiary in which the Debtor directly holds rights or interest in
the Equity Interests of such Person.

 

(g)          “Uniform
Commercial Code” means the Uniform Commercial Code as adopted in each applicable jurisdiction, as amended or superseded
from time to time. The “New York UCC” means the Uniform Commercial Code, as adopted in New York, as amended
or superseded from time to time.

 

All of the uncapitalized
terms contained in this Agreement which are now or hereafter defined in the New York UCC will, unless the context expressly indicates
otherwise, have the meanings provided for now or hereafter in the New York UCC, as such definitions may be enlarged or expanded
from time to time by amendment or judicial decision. Any capitalized term used but not defined herein shall have the meaning ascribed
thereto in the Credit Agreement.

 

     

    EXHIBIT D

    

  

4.          REPRESENTATIONS
AND WARRANTIES. To, among other things, induce Lenders to make Loans and other extensions of credit pursuant to the Loan Documents,
Debtor represents to the Secured Parties that the following statements are, as of the Effective Date and as of each other date
on which certain representations and warranties set forth in the Credit Agreement are required to be, or are deemed to be, remade
pursuant thereto, true:

 

(a)          Debtor
is, and as to any property which at any time forms a part of the Pledged Collateral shall be, the owner of each and every item
of the Pledged Collateral, free from any Lien except any Permitted Lien;

 

(b)          Debtor
has full corporate right to grant the security interest hereby granted;

 

(c)          Debtor
is the legal and beneficial owner of the Pledged Equity and Pledged Debt, subject to any Permitted Liens;

 

(d)          No
authorization, approval or other action by, and no notice to or filing with any governmental authority is required either: (i)
for the Lien on the Pledged Collateral granted pursuant to this Agreement or for the execution, delivery or performance of this
Agreement by Debtor or (ii) in the case of Pledged Equity issued by any Pledged Company, for the exercise by the Administrative
Agent of the voting or other rights provided for in this Agreement or the remedies in respect of the Pledged Equity pursuant to
this Agreement (except, in each case, (A) for those authorizations, approvals, actions, notices and filings that have been obtained
or that are being obtained concurrently herewith, (B) as may be required by laws affecting the offering and sale of securities
generally or, in the case of exercise of remedies, applicable to creditors generally (including without limitation under the Uniform
Commercial Code) and (C) for the filing of a UCC financing statement against Debtor in favor of the Secured Parties covering the
Pledged Collateral); and

 

(e)          (i)
The Pledged Equity of MIC Ohana Corporation constitutes 100% of the issued and outstanding Equity Interests in MIC Ohana Corporation
on a fully diluted basis, (ii) as of the Effective Date, there are no outstanding subscriptions, options, rights, warrants or other
commitments pursuant to which MIC Ohana Corporation is obligated to issue or transfer any additional Equity Interests MIC Ohana
Corporation except as described on Schedule I and (iv) as of the Effective Date, (y) all of the Pledged Equity of any
Pledged Company and (z) all outstanding Pledged Debt is described opposite Debtor’s name on Schedule I.

 

(f)          The
security interest granted pursuant to this Agreement shall constitute a valid and continuing perfected security interest in favor
of the Administrative Agent in the Pledged Collateral for which perfection is governed by the Uniform Commercial Code upon (i)
in the case of all Pledged Collateral in which a security interest may be perfected by filing a financing statement under the Uniform
Commercial Code, the completion of the filings contemplated by Section 4.01(b) of the Credit Agreement and (ii) the
delivery to, and continuing possession by, the Administrative Agent of all Pledged Collateral consisting of instruments and certificated
securities, in each case properly endorsed for transfer to the Administrative Agent or in blank.

 

(h)          The
organizational documents of any Pledged Company governing any Pledged Equity do not prohibit (i) the Administrative Agent from
exercising all of the rights of the Debtor therein, (ii) a transferee or assignee of Equity Interests of such Pledged Company from
becoming a member, partner or, as the case may be, other holder of such Pledged Equity to the same extent as the Debtor in such
Pledged Company, entitled to participate in the management of such Pledged Company and (iii) upon the transfer of the entire interest
of Debtor, Debtor ceasing to be a member, partner or, as the case may be, other holder of such Pledged Equity.

 

     

    EXHIBIT D

    

  

5.          DEBTOR’S
RESPONSIBILITIES. Until the Termination of this Agreement in accordance with Section 9(j) of this Agreement:

 

(a)          Debtor
will: (i) use commercially reasonable efforts to defend the Pledged Collateral against all claims of all Persons at any time claiming
any interest in any of the Pledged Collateral or claiming any interest therein adverse to Secured Parties except to the extent
of any Permitted Lien; (ii) execute and deliver such supplemental instruments, in the form of assignments or otherwise, as the
Administrative Agent shall reasonably require for the purpose of confirming, perfecting and maintaining perfection and priority
of the Secured Parties’ security interest in and Lien on any or all of the Pledged Collateral, or as is necessary to provide
Secured Parties with control (within the meaning of the Uniform Commercial Code) over the Pledged Collateral of any Pledged Company
or any portion thereof to perfect its Lien thereon promptly after written request therefor by the Administrative Agent; (iii) upon
the request of the Administrative Agent in its reasonable discretion exercised in good faith, make available to the Administrative
Agent, at reasonable times and upon reasonable prior notice (but, so long as no Event of Default has occurred and is continuing,
not more often than once in every twelve (12) month period from the date hereof), any and all of Debtor’s books, records,
written memoranda, correspondence, and other instruments or writings that in any way evidence or relate to the Pledged Collateral
at the expense of the Administrative Agent (provided that during the continuation of any Default any expense of the Administrative
Agent in connection with the foregoing shall be for the account of the Debtor); (iv) provide the Administrative Agent with prior
notice of any change in its jurisdiction of organization or form of organization (and, in each case, shall promptly make all filings
required under the Uniform Commercial Code or other applicable law and take all other actions reasonably requested by the Administrative
Agent to ensure that the Administrative Agent shall continue at all times following such change to have a valid, legal, enforceable
(subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and to general principles
of equity and principles of good faith and fair dealing) and perfected Lien in such Pledged Collateral); and (v) pay (A) all costs
of filing any financing, continuation or termination statements with respect to the Lien created hereby and (B) all reasonable
and documented expenses, including reasonable attorneys’ fees, of the Administrative Agent incurred by the Administrative
Agent in the exercise (including enforcement) of any of the Secured Parties’ rights or remedies under this Agreement or applicable
law, and Debtor agrees that said expenses and fees shall constitute part of the Secured Obligations and be secured by the Pledged
Collateral.

 

(b)          To
protect, perfect, or enforce, from time to time, the Secured Parties’ rights or interests in the Pledged Collateral, the
Administrative Agent may, in its discretion (but without any obligation to do so): (i) discharge any Liens (other than Permitted
Liens to the extent that no Event of Default has occurred and is continuing) at any time levied or placed on the Pledged Collateral,
and (ii) obtain any record from any service bureau and pay such service bureau the cost thereof. All documented and reasonable
costs and expenses incurred by the Administrative Agent in exercising its discretion under this subparagraph (b) will be part of
the Secured Obligations secured by the Pledged Collateral.

 

     

    EXHIBIT D

    

  

(c)          Debtor
will not consent to the dissolution, termination or liquidation, of any Pledged Company.

 

(d)          Debtor
will not permit any Pledged Company to issue any Equity Interests or to issue any instruments representing Indebtedness in an aggregate
principal amount in excess of $25,000,000, in addition to, or in exchange or substitution for, the Pledged Equity or Pledged Debt,
except that any Pledged Company may issue additional, exchange or substitute Equity Interests or instruments (all of which shall
be “Pledged Collateral” under this Agreement) if all such Equity Interests or instruments are delivered to the Administrative
Agent no later than 30 days after issuance, along with any powers, pledge agreements, or other documents deemed necessary by the
Administrative Agent, in its reasonable discretion exercised in good faith, to grant to the Secured Parties a continuing security
interest in and to, and a perfected Lien on, such Equity Interests or instruments.

 

(e)          Debtor
will not grant “control” (within the meaning of such term under Article 9-106 of the NY UCC) over any Pledged Collateral
to any Person other than the Administrative Agent.

 

(f)          Debtor
will not, without the consent of the Administrative Agent, agree to any amendment of any organizational document of any Pledged
Company that in any way adversely affects the rights of the Secured Parties in the Pledged Collateral pledged by Debtor hereunder.

 

6.          POWER
OF ATTORNEY. Debtor hereby irrevocably appoints the Administrative Agent (or its nominee) to be its attorney and in its name
and otherwise on its behalf to do all acts and things and to sign, seal, execute, deliver, perfect and do all deeds, instruments,
documents, acts and things upon and during the continuance of any Event of Default which may be required: (i) for carrying out
any obligation imposed on Debtor by or pursuant to this Agreement after Debtor’s failure to do so, (ii) for carrying out
any sale or other disposition of the Pledged Collateral by the Administrative Agent, including the transfer of the Pledged Collateral
to the Administrative Agent or its designee, and (ii) generally for enabling the Administrative Agent to exercise the powers conferred
on it by or pursuant to this Agreement or by law. The Administrative Agent shall have full power to delegate the power conferred
on it by this Section 6, but no such delegation shall preclude the subsequent exercise of such power by the Administrative
Agent itself or preclude the Administrative Agent from making a subsequent delegation thereof to some other Person; any such delegation
may be revoked by the Administrative Agent at any time. It is understood and agreed that the foregoing power of attorney shall
be deemed to be a power coupled with an interest which cannot be revoked until the Termination of this Agreement in accordance
with Section 9(j) of this Agreement.

 

7.          VOTING
RIGHTS; DEFAULT.

 

7.1           Voting
Rights; Dividends and Distributions.

 

7.1.1           Absent
an Event of Default. So long as no Event of Default occurs and is continuing and until such time as Debtor shall have received
a written election from the Administrative Agent pursuant to Section 7.1.2 below: (i) Debtor shall be entitled to exercise
any and all voting and other consensual rights pertaining to the Pledged Equity or any part thereof; provided that no vote shall
be cast or any consent given which would result in a breach of any covenant contained in any of the Loan Documents; and (ii) Debtor
shall be entitled to receive and retain any and all dividends, payments, distributions and interest paid in respect of the Pledged
Equity and Pledged Debt to the extent and in the manner not constituting a breach of the Credit Agreement or consented to in a
writing signed by the Required Lenders after the Effective Date.

 

     

    EXHIBIT D

    

  

7.1.2           Upon
an Event of Default. Upon the occurrence and during the continuance of an Event of Default: (i) all rights of Debtor to exercise
the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to Section 7.1.1 and to
receive the distributions and interest payments which it would otherwise be authorized to receive and retain pursuant to Section
7.1.1 shall cease, at the Administrative Agent’s prior written election delivered to Debtor, and all such rights shall
thereupon become vested in the Administrative Agent, or such nominee(s) of the Administrative Agent as the Administrative Agent
shall designate in writing to Debtor, who shall thereupon have the sole right to exercise such voting and other consensual rights
and to receive and hold as Pledged Collateral such distributions and interest payments; (ii) all distributions and interest payments
which are received by Debtor contrary to the provisions of Section 7.1 shall be received in trust for the benefit of the
Secured Parties, shall be segregated from other funds of Debtor, and shall be forthwith paid over to the Administrative Agent,
or such nominee(s) of the Administrative Agent as the Administrative Agent shall designate in writing to Debtor as Pledged Collateral
in the same form as so received (with any necessary indorsement(s); and (iii) if the Administrative Agent exercises its right to
vote any of such Pledged Equity in accordance with this Agreement, Debtor hereby appoints the Administrative Agent, Debtor’s
true and lawful attorney-in-fact and IRREVOCABLE PROXY to vote such Pledged Equity in any manner the Administrative Agent deems
necessary for or against all matters submitted or which may be submitted to a vote of stockholders. The power-of-attorney and proxy
granted hereby is coupled with an interest and shall be irrevocable. After all Events of Default have been cured or waived, Debtor’s
right to exercise the voting and consensual rights and powers that it would otherwise be entitled to exercise pursuant to the terms
of this Section 7.1.1 shall be reinstated.

 

7.2           Default.

 

7.2.1           Generally.
If an Event of Default occurs and is continuing, then, in any such event and without limitation of the Administrative Agent’s
rights and remedies in Section 7.1, the Administrative Agent may, with prior written notice to Debtor, resort to the rights
and remedies available at law, in equity and under this Agreement and the other Loan Documents, including the rights and remedies
of the Administrative Agent under the Uniform Commercial Code. No remedy set forth herein is exclusive of any other available remedy
or remedies, but each is cumulative and in addition to every other remedy under this Agreement, the other Loan Documents or now
or hereafter existing at law or in equity or by statute. After the occurrence and during the continuance of an Event of Default,
the Administrative Agent may proceed to protect and enforce its rights by any action at law or in equity or by any other appropriate
proceedings. No failure on the part of the Administrative Agent to enforce any of the rights hereunder shall be deemed a waiver
of such rights or of any Event of Default, and no waiver of any Event of Default will be deemed to be a waiver of any subsequent
Event of Default. The Administrative Agent’s compliance with applicable local, state or federal law requirements, in addition
to those imposed by the Uniform Commercial Code, in connection with a disposition of any or all of the Pledged Collateral will
not be considered to adversely affect the commercial reasonableness of any disposition of any or all of the Pledged Collateral
under the Uniform Commercial Code.

 

     

    EXHIBIT D

    

  

7.2.2           Pledged
Equity. (a)          Without limiting any other rights or remedies available
to the Administrative Agent under Section 7.2.1, at any time after an Event of Default occurs and is continuing (including
after any applicable requirement for notice and an opportunity to cure), the Administrative Agent, at its option and without any
obligation to do so, may, at any time, transfer to or register in its name, or the name of any nominee(s), all or any part of the
Pledged Equity, and the Administrative Agent may exercise in respect of the Pledged Equity, in addition to other rights and remedies
provided for herein or otherwise available to it, all the rights and remedies under applicable law and of a the Administrative
Agent on default under the Uniform Commercial Code; and Secured Parties may also, with fifteen (15) days prior written notice to
Debtor, sell the Pledged Collateral or any part thereof in one or more parcels at public or private sale, at any exchange, broker’s
board or any of the Administrative Agent’s offices or elsewhere, for cash, on credit or for future delivery, and upon such
other terms as the Administrative Agent may deem commercially reasonable. The Administrative Agent shall be authorized at any such
sale (if it deems it necessary to do so) to restrict the prospective bidders or purchasers to Persons who will represent and agree
that they are purchasing the Pledged Collateral for their own account in compliance with (i) Regulation D of the Securities Act
of 1933, as amended, and applicable state securities laws or (ii) any other applicable exemption available under such laws.

 

(b)          Debtor
agrees that at least fifteen (15) days written notice to Debtor of the time and place of any public sale or the time after which
any private sale is to be made shall constitute reasonable notification. The Administrative Agent shall not be obligated to make
any sale of the Pledged Collateral regardless of notice of sale having been given. The Administrative Agent may adjourn any public
or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, upon fifteen (15) days
prior written notice to Debtor, be made at the time and place it was so adjourned. Any cash held by the Administrative Agent as
Pledged Collateral and all cash proceeds received by the Administrative Agent in respect of any sale of, collection from, or other
realization upon all or any part of the Pledged Collateral may, in the reasonable discretion of the Administrative Agent, be held
by the Administrative Agent as Pledged Collateral for, and/or then or at any time thereafter in whole or in part may be applied
by the Administrative Agent against, all or any parts of the Secured Obligations in accordance with Section 2.18 of the
Credit Agreement. Any surplus of such cash or cash proceeds held by the Administrative Agent and remaining after payment in full
of all of the Secured Obligations (other than contingent indemnification obligations which survive termination of the Credit Agreement)
shall be paid over to Debtor or to whomsoever may be lawfully entitled to receive such surplus. Without precluding any other methods
of sale, the sale of the Pledged Collateral, or any part thereof, shall have been made in a commercially reasonable manner if conducted
in conformity with reasonable commercial practices of banks or finance companies disposing of similar property.

 

(c)          Debtor
recognizes that federal, state and/or foreign securities and other laws may limit the flexibility desired to achieve an otherwise
commercially reasonable disposition of the Pledged Equity, and in the event of potential conflict between such laws or regulations
and what in other circumstances might constitute commercial reasonableness, it is intended that consideration for such laws and
regulations will prevail over attempts to achieve such commercial reasonableness. In connection with any sale or other disposition
of the Pledged Equity, compliance by the Administrative Agent with the written advice of its counsel concerning the potential effect
of any such law or regulation shall not be cause for Debtor, or any other Person, to claim that such sale or other disposition
was not commercially reasonable, it being the intent of Debtor that the Administrative Agent not be obligated to risk contravening
any such law or regulation in order to effect what, but for such law or regulation, would be a commercially reasonable disposition.

 

     

    EXHIBIT D

    

  

(d)          The
Administrative Agent shall be under no duty to sell or otherwise realize upon the Pledged Collateral. At any time, the Administrative
Agent (at the direction of the Required Lenders) may release or surrender all or any part of the Pledged Collateral to Debtor.

 

8.          WAIVERS;
RIGHTS OF SECURED PARTIES. Debtor acknowledges and agrees that Debtor, by signing this Agreement, is subjecting the Pledged
Collateral to the Lien of Secured Parties for the payment and performance of all Secured Obligations.

 

9.          GENERAL
PROVISIONS.

 

(a)          All
rights of Secured Parties shall inure to the benefit of its successors and permitted assigns, and all obligations of Debtor shall
bind the successors and assigns of Debtor.

 

(b)          This
Agreement and the other Loan Documents to which Debtor is a party contain the entire agreement of the parties with respect to the
subject matter of this Agreement, and no oral agreement whatsoever, whether made contemporaneously herewith or hereafter shall
amend, modify or otherwise affect the terms of this Agreement. This Agreement may be executed in multiple counterparts, each of
which shall be an original but all of which together shall constitute one and the same instrument. This Agreement may be signed
by facsimile signatures or other electronic delivery of an image file reflecting the execution hereof, and, if so signed: (A) may
be relied on by each party as if the document were a manually signed original and (B) will be binding on each party for all purposes.
None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except pursuant to
an agreement in writing entered into by each of the parties required under Section 9.02 of the Credit Agreement; provided,
however, that Schedule I of this Agreement may be supplemented from time to time by Debtor (and acknowledged by Administrative
Agent) to reflect Pledged Equity and Pledged Debt held by the Debtor at such time.

  

(c)          Any
notice required, permitted or contemplated hereunder shall, except as expressly provided in this Agreement, be in writing and given
in accordance with Section 9.01 the Credit Agreement.

 

(d)          All
rights and liabilities hereunder shall be governed and limited by and construed in accordance with the laws of the State of New
York.

 

(e)          If
any provision of this Agreement is found invalid by a court of competent jurisdiction, the invalid term will be considered excluded
from this Agreement and will not invalidate the remaining provisions of this Agreement.

 

(f)          Debtor
hereby irrevocably authorizes the Administrative Agent at any time and from time to time to file in any filing office in any jurisdiction
any initial financing statements and amendments thereto, including financing statements that provide any other information required
by Article 9 of the Uniform Commercial Code for the sufficiency or filing office acceptance of any financing statement or amendment,
including whether Debtor is an organization, the type of organization and any organizational identification number issued to Debtor.
Debtor hereby irrevocably authorizes the Administrative Agent at any time and from time to time to correct or complete, or to cause
to be corrected or completed, any financing statements, continuation statements or other such documents as have been filed naming
Debtor as debtor and the Administrative Agent, for the benefit of the Secured Parties, as Secured Parties.

 

    

    EXHIBIT D

    

 

(g)          The
Administrative Agent shall have no duty of care with respect to the Pledged Collateral except that the Administrative Agent shall
exercise reasonable care with respect to the Pledged Collateral in the Administrative Agent’s custody. The Administrative
Agent shall be deemed to have exercised reasonable care if: (i) such property is accorded treatment substantially equal to that
which the Administrative Agent accords its own property that is similar to the Pledged Collateral or (ii) the Administrative Agent
takes such action with respect to the Pledged Collateral as Debtor shall reasonably request in writing.

 

(h)          The
definition of any document, instrument or agreement includes all schedules, attachments and exhibits thereto and all renewals,
extensions, supplements, restatements and amendments thereof. All exhibits and schedules attached to this Agreement are incorporated
into, made and form an integral part of, this Agreement for all purposes. As used in this Agreement, “hereunder,” “herein,”
“hereto,” “this Agreement” and words of similar import refer to this entire document; “including”
is used by way of illustration and not by way of limitation, unless the context clearly indicates the contrary; and the singular
includes the plural and conversely.

 

(i)          SECURED
PARTIES AND DEBTOR HEREBY WAIVE THE RIGHT TO TRIAL BY JURY OF ANY MATTERS ARISING OUT OF THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.         

 

(j)          This
Agreement will automatically terminate (“Termination”) upon (i) the later to occur of: (A) the full performance,
payment in full in cash and satisfaction of the Obligations (other than contingent indemnification obligations which survive termination
of the Credit Agreement) and (B) the termination of all commitments to extend credit and other obligations of the Administrative
Agent, Issuing Banks and Lenders under the Credit Agreement and (ii) the occurrence of a Pledge Release Date pursuant to Section
9.19(b) of the Credit Agreement. Upon such Termination, the Liens on the Pledged Collateral granted hereunder shall automatically
be released without further action of the Administrative Agent, and the Administrative Agent shall, at Debtor’s expense,
promptly execute and deliver to Debtor proper documentation acknowledging such release, and shall duly assign and deliver to Debtor
such of the Pledged Collateral as has been released and is in the possession of the Administrative Agent, pursuant to one or more
instruments of re-conveyance prepared by the Administrative Agent, and shall deliver UCC termination statements or partial release
statements or the like with respect to its Liens on the Pledged Collateral. Upon (i) any sale or other transfer permitted under
the Loan Documents by the Borrower of any Pledged Collateral (including any transfer to the Guarantor or a Subsidiary of the Guarantor)
or (ii) the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged Collateral
pursuant to the Credit Agreement, the security interest in such Pledged Collateral shall be automatically released and, in connection
with any such release, the Administrative Agent shall promptly execute and deliver to the Borrower, at the Borrower’s expense,
all UCC termination statements and similar documents that the Borrower shall reasonably request to evidence such release.

 

     

    EXHIBIT D

    

  

10.         EFFECT
OF AMENDMENT AND RESTATEMENT 

 

(a)          On
and as of the Effective Date, the Existing Pledge Agreement shall be amended, restated and superseded in its entirety by this Agreement.
The parties hereto acknowledge and agree that (i) this Agreement does not constitute a novation or termination of the “Secured
Obligations” (as defined in the Existing Pledge Agreement) as in effect prior to the Effective Date and (ii) such “Secured
Obligations” are in all respects continuing (as amended and restated hereby) with only the terms thereof being modified as
provided in this Agreement. Each reference to the “Pledge Agreement” in any Loan Document shall be deemed to be a reference
to this Agreement.

 

(b)          Each
party hereto that was a “Lender” (as defined in the Existing Credit Agreement) hereby consents to the amendment and
restatement of the Existing Pledge Agreement in its entirety and in accordance with this Agreement and Section 9.02 of the Existing
Credit Agreement.

 

[Signature Pages Follow]

 

     

     

    

 

IN WITNESS WHEREOF,
the undersigned has executed this Agreement as of the Effective Date.

  

	 	MACQUARIE INFRASTRUCTURE CORPORATION
	 	 
	 	By:	
	 	Name:	 
	 	Title:	 
	 	 	 
	 	By:	          
	 	Name:	
	 	Title:	 

 

SIGNATURE
PAGE TO

AMENDED
AND RESTATED PLEDGE AGREEMENT

 

     

     

    

 

	 	JPMORGAN CHASE BANK, N.A., as Administrative Agent
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

SIGNATURE
PAGE TO

AMENDED
AND RESTATED PLEDGE AGREEMENT

 

     

    EXHIBIT D

    

  

	 	[●] 

as a “Lender” (as defined in the Existing Credit Agreement)
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

SIGNATURE
PAGE TO

AMENDED
AND RESTATED PLEDGE AGREEMENT

 

     

     

    

 

SCHEDULE I

 

I.           Equity
Interests in Pledged Companies:

 

	Pledged Company	 	% of Equity Interest/Number of 
 Outstanding Units	 	 	Cert. #	 
	 	 	 	 	 	 	 	 	 
	MIC Ohana Corporation	 	 	100	 	 	 	3	 

 

II.          Outstanding
subscriptions, options, rights, warrants or other agreements or commitments pursuant to which any Pledged Company is obligated
to issue or transfer any additional equity interests or other economic interests: None.

 

III.         Pledged
Debt:

 

	Issuer	 	Principal Amount of Pledged 
 Debt
	 	 	Cert. #	 
	 	 	 	 	 	 	 	 	 
	N/A	 	 	N/A	 	 	 	N/A	

 

GUARANTY AGREEMENTExhibit 10.24

 

Execution Version

 

AMENDMENT NO. 2

 

AMENDMENT NO. 2, dated as of February 12,
2018 (this “Amendment No. 2”), to the Amended and Restated Credit Agreement, dated as of February 10, 2016 (as
amended on February 21, 2017, and as may be further amended, modified, restated and supplemented from time to time, the “HGC
Credit Agreement”), among HGC Holdings LLC, a Hawaii limited liability company (the “Borrower”), the
several lenders from time to time parties thereto (the “Lenders”) and Wells Fargo Bank, National Association,
as administrative agent (the “Administrative Agent”).

 

WITNESSETH:

 

WHEREAS, the Borrower, the Lenders and the
Administrative Agent are parties to the HGC Credit Agreement;

 

WHEREAS, the Borrower has requested that (i)
certain provisions of the HGC Credit Agreement be amended and waived as set forth herein and (ii) pursuant to Section 2.5 of the
HGC Credit Agreement, each Lender extend its Term Loan Maturity Date for one additional year from the Term Loan Maturity Date in
effect under the HGC Credit Agreement immediately prior to this Amendment No. 2;

 

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

 

SECTION 1.   Defined Terms.
Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the HGC Credit Agreement.

 

SECTION 2.   Amendments to
the HGC Credit Agreement.

 

(a)    Additional
Defined Term. The following definition is hereby added in the appropriate alphabetical order to Section 1.1 of the HGC
Credit Agreement:

 

“Second Amendment Effective
Date” means the date on which all conditions precedent to the second amendment to this Agreement are satisfied.

 

(b)    Amendments
to Section 5.18 and Schedule 5.18. (i) Section 5.18 is hereby amended by replacing the term “First Amendment Effective
Date” in Section 5.18 with the term “Second Amendment Effective Date” and (ii) Schedule 5.18 to the HGC Credit
Agreement is hereby amended and restated in its entirety as set forth in Exhibit A hereto.

 

(c)    Amendment
to Section 10.10(b)(iv). Section 10.10(b)(iv) is hereby amended by replacing the phrase “(including without limitation,
any Excluded Entity)” with the phrase “or any Excluded Entity”.

 

(d)    Amendment
to Section 10.10(d). Section 10.10(d) is hereby amended by replacing the phrase “including without limitation, any
Excluded Entity” with the phrase “or any Excluded Entity”.

 

     

     

    

 

SECTION 3.   Extension.
Pursuant to Section 2.5 of the HGC Credit Agreement, the Borrower has notified the Administrative Agent of its request to extend
the Term Loan Maturity Date set forth in clause (a) of the definition thereof for an additional year from February 10, 2022 to
February 10, 2023. As of the date hereof, Lenders (the “Extending Lenders”) holding more than 50% of the outstanding
Loans (who, for the avoidance of doubt, constitute the Required Lenders) (i) along with the Administrative Agent and Borrower,
waive the notice requirements set forth in Section 2.5(b) and Section 2.5(c) of the HGC Credit Agreement and (ii) have approved
the Borrower’s request to extend their outstanding Loans and, subject to the satisfaction of the conditions precedent set
forth in Section 4 herein (and the other terms and conditions set forth in the HGC Credit Agreement), the Term Loan Maturity Date
as to the Extending Lenders shall be extended for an additional year from the then-applicable Term Loan Maturity Date. The Term
Loan Maturity Date as to any Non-Extending Lender remains unchanged.

 

SECTION 4.   Effective Date.
This Amendment No. 2 shall become effective on the date (the “Effective Date”) on which conditions set forth
in this Section 4 have been satisfied:

 

(a)    the
Administrative Agent shall have received (i) a counterpart of this Amendment No. 2, executed and delivered by a Responsible Officer
of the Borrower and (ii) counterparts of this Amendment No. 2, executed and delivered by each Extending Lender, which Lenders shall
constitute the Required Lenders;

 

(b)    no
Default shall have occurred and be continuing on the Effective Date;

 

(c)    the
representations and warranties contained in the HGC Credit Agreement that are qualified by materiality shall be true and correct
on and as of the date of such extension and after giving effect thereto, and such representations and warranties that are not qualified
by materiality shall be true and correct in all material respects on and as of the date of such extension and after giving effect
thereto, in each case as though made on and as of such date (or, if any such representation or warranty is expressly stated to
have been made as of a specific date, true and correct in all material respects as of such specific date (provided, that
such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality
in the text thereof) and, the representations and warranties contained in Section 5.15 of the HGC Credit Agreement shall be deemed
to refer to the most recent statements delivered pursuant to clauses (a) and (b) of Section 6.1 of the HGC Credit Agreement);

 

(d)    the
Administrative Agent shall have received a certificate executed and delivered by a Responsible Officer of the Borrower certifying
as to the matters set forth in clauses (b) and (c) above; and

 

(e)    the
Borrower shall have paid (i) to the Administrative Agent, for the account of each Extending Lender, an extension fee in an amount
equal to 0.06% of such Extending Lender’s outstanding Loans as of the Effective Date, which extension fee once paid shall
be fully earned and nonrefundable and (ii) all other fees and reasonable expenses of the Administrative Agent and the Lenders required
under the HGC Credit Agreement and any other Loan Document to be paid on or prior to the Effective Date (including reasonable fees
and expenses of counsel) in connection with this Agreement.

 

SECTION 5.   Acknowledgment
and Confirmation of the Borrower. The Borrower hereby confirms and agrees that after giving effect to this Amendment No.
2, the HGC Credit Agreement and the other Loan Documents remain in full force and effect and enforceable against the Borrower in
accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect. The
Borrower represents and warrants to the Lenders that it has no knowledge of any claims, counterclaims, offsets, or defenses to
or with respect to its obligations under the Loan Documents, or if the Borrower has any such claims, counterclaims, offsets, or
defenses to the Loan Documents or any transaction related to the Loan Documents, the same are hereby waived, relinquished, and
released in consideration of the execution of this Amendment No. 2. This acknowledgment and confirmation by the Borrower is made
and delivered to induce the Administrative Agent and the Lenders to enter into this Amendment No. 2.

 

    	 	2	 

     

    

 

SECTION 6.   GOVERNING LAW;
WAIVER OF JURY TRIAL. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN SECTION
10.6 OF THE HGC CREDIT AGREEMENT AS IF SUCH SECTION WERE SET FORTH IN FULL HEREIN.

 

SECTION 7.   Miscellaneous.

 

(a)    Except
as expressly modified hereby, the HGC Credit Agreement and the other Loan Documents shall continue in full force and effect in
accordance with the provisions thereof on the date hereof. As used in the HGC Credit Agreement, “hereinafter,” “hereto,”
“hereof,” and words of similar import shall, unless the context otherwise requires, mean the HGC Credit Agreement after
giving effect to this Amendment No. 2. Any reference to the HGC Credit Agreement or any of the other Loan Documents herein or in
any such documents shall refer to the HGC Credit Agreement and Loan Documents as modified hereby. This Amendment No. 2 is limited
as specified and shall not constitute or be deemed to constitute an amendment, modification or waiver of any provision of the Credit
Agreement except as expressly set forth herein. This Amendment No. 2 shall constitute a Loan Document under the terms of the HGC
Credit Agreement.

 

(b)    This
Amendment No. 2 may be executed in any number of counterparts, and all of such counterparts taken together shall be deemed to constitute
one and the same document.

 

(c)    With
respect to successors and assigns, each party hereto hereby agrees as set forth in Section 10.10 of the HGC Credit Agreement as
if such section were set forth in full herein.

 

(d)    Any
provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
only to the extent of such prohibition or unenforceability without invalidating the remainder of such provision or the remaining
provisions hereof or affecting the validity or enforceability of such provision in any other jurisdiction.

 

[Remainder
of page intentionally left blank.]

 

    	 	3	 

     

    

 

Execution Version

 

IN WITNESS WHEREOF, the parties hereto have
caused this Amendment No. 2 to be duly executed and delivered by their respective proper and duly authorized officers as of the
day and year first above written.

 

	 	HGC HOLDINGS LLC
	 	 	 
	 	By: 	/s/ James Westerhaus
	 	Name: 	James Westerhaus
	 	Title: 	Chief Financial Officer

 

[Signature Page
to A&R HGC Credit Agreement Amendment No. 2]

 

    	 	4	 

     

    

 

	 	WELLS FARGO BANK, NATIONAL 
	 	ASSOCIATION, as Administrative 
	 	Agent and Lender
	 	 	 
	 	By: 	/s/ Keith Luettel
	 	Name: 	Keith Luettel
	 	Title:    	Director

 

[Signature Page
to A&R HGC Credit Agreement Amendment No. 2]

 

    	 	5	 

     

    

 

	 	AMERICAN SAVINGS BANK, FSB
	 	as a Lender
	 	 	 
	 	By: 	/s/ Edward Chin 
	 	Name: 	Edward Chin
	 	Title: 	First Vice President

 

[Signature Page
to A&R HGC Credit Agreement Amendment No. 2]

 

    	 	6	 

     

    

 

	 	Bank of Hawaii,
	 	as a Lender
	 	 	 
	 	By: 	/s/ Nicole Matsuo
	 	Name: 	 Nicole Matsuo
	 	Title: 	Vice President

 

[Signature Page
to A&R HGC Credit Agreement Amendment No. 2]

 

    	 	7	 

     

    

 

	 	Central Pacific Bank,
	 	as a Lender
	 	 	 
	 	By: 	/s/ Lisa Nillos
	 	Name: 	  Lisa Nillos
	 	Title: 	Senior Vice President

 

[Signature Page
to A&R HGC Credit Agreement Amendment No. 2]

 

    	 	8	 

     

    

 

	 	 CoBank, ACB,
	 	as a Lender
	 	 	 
	 	By: 	/s/ Josh Batchelder
	 	Name: 	   Josh Batchelder
	 	Title: 	Managing Director

 

[Signature Page
to A&R HGC Credit Agreement Amendment No. 2]

 

    	 	9	 

     

    

 

	 	First Commercial Bank, Ltd., New York Branch,
	 	as a Lender
	 	 	 
	 	By: 	/s/ Bill Wang
	 	Name: 	   Bill Wang
	 	Title: 	Senior Vice President & General Manager

 

[Signature Page
to A&R HGC Credit Agreement Amendment No. 2]

 

    	 	10	 

     

    

  

	 	 Hua Nan Commercial Bank Los Angeles Branch,
	 	as a Lender
	 	 	 
	 	By: 	/s/ Gary Hsu
	 	Name: 	   Gary Hsu
	 	Title: 	 VP & General Manager

 

[Signature Page
to A&R HGC Credit Agreement Amendment No. 2]

 

    	 	11	 

     

    

 

	 	 Regions Bank,
	 	as a Lender
	 	 	 
	 	By: 	/s/ Brian Walsh
	 	Name: 	    Brian Walsh
	 	Title: 	 Director

 

[Signature Page to
A&R HGC Credit Agreement Amendment No. 2]

 

    	 	12	 

     

    

 

	 	Taiwan Business Bank, Los Angeles Branch,
	 	as a Lender
	 	 	 
	 	By: 	/s/ Cindy Lin
	 	Name: 	    Cindy Lin
	 	Title: 	 DGM

 

[Signature Page to
A&R HGC Credit Agreement Amendment No. 2]

 

    	 	13	 

     

    

 

	 	Taiwan Cooperative Bank, Los Angeles Branch,
	 	as a Lender
	 	 	 
	 	By: 	/s/ Tao-Lun Lin
	 	Name: 	    Tao-Lun Lin
	 	Title: 	 VP & General Manager

 

[Signature Page to
A&R HGC Credit Agreement Amendment No. 2]

 

    	 	14

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