Document:

EX-4.6

 Exhibit 4.6 
  

 
 CHARGEPOINT HOLDINGS, INC. 

and 

[                ], as Trustee 

Indenture 
 Dated as of
[                ] 
 Debt Securities 

 
  

 CROSS REFERENCE SHEET* 

Between 
 Provisions of Trust
Indenture Act (as defined herein) and Indenture, dated as of [                ], between CHARGEPOINT HOLDINGS, INC. and
[                ], as Trustee: 
  

					
	SECTION OF THE ACT	  	SECTION OF INDENTURE	 
	 310(a)(1) and (2)
	  	 	6.9	 
	 310(a)(3) and (4)
	  	 	Inapplicable	 
	 310(b)
	  	 	6.8 and 6.10(a), (b) and (d)	 
	 310(c)
	  	 	Inapplicable	 
	 311(a)
	  	 	6.14	 
	 311(b)
	  	 	6.14	 
	 311(c)
	  	 	Inapplicable	 
	 312(a)
	  	 	4.1 and 4.2	 
	 312(b)
	  	 	4.2	 
	 312(c)
	  	 	4.2	 
	 313(a)
	  	 	4.3	 
	 313(b)(1)
	  	 	Inapplicable	 
	 313(b)(2)
	  	 	4.3	 
	 313(c)
	  	 
 
	4.3, 5.11, 6.10, 6.11, 8.2
 and 12.2
	
  

	 313(d)
	  	 	4.3	 
	 314(a)
	  	 	3.5 and 4.2	 
	 314(b)
	  	 	Inapplicable	 
	 314(c)(1) and (2)
	  	 	11.5	 
	 314(c)(3)
	  	 	Inapplicable	 
	 314(d)
	  	 	Inapplicable	 
	 314(e)
	  	 	11.5	 
	 314(f)
	  	 	Inapplicable	 
	 315(a), (c) and (d)
	  	 	6.1	 
	 315(b)
	  	 	5.11	 
	 315(e)
	  	 	5.12	 
	 316(a)(1)
	  	 	5.9 and 5.10	 
	 316(a)(2)
	  	 	Not required	 
	 316(a) (last sentence)
	  	 	7.4	 
	 316(b)
	  	 	5.7	 
	 317(a)
	  	 	5.2	 
	 317(b)
	  	 	3.4(a) and (b)	 
	 318(a)
	  	 	11.7	 

  

	*	 This Cross Reference Sheet is not part of the Indenture. 

 TABLE OF CONTENTS 

 

					
	 	  	PAGE	 
		
	 ARTICLE I DEFINITIONS
	  			
	 SECTION 1.1 CERTAIN TERMS DEFINED
	  	 	1	 
		
	 ARTICLE II SECURITIES
	  			
	 SECTION 2.1 FORMS GENERALLY
	  	 	6	 
	 SECTION 2.2 FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	  	 	7	 
	 SECTION 2.3 AMOUNT UNLIMITED; ISSUABLE IN SERIES
	  	 	7	 
	 SECTION 2.4 AUTHENTICATION AND DELIVERY OF SECURITIES
	  	 	10	 
	 SECTION 2.5 EXECUTION OF SECURITIES
	  	 	12	 
	 SECTION 2.6 CERTIFICATE OF AUTHENTICATION
	  	 	13	 
	 SECTION 2.7 DENOMINATION AND DATE OF SECURITIES; PAYMENT OF INTEREST
	  	 	13	 
	 SECTION 2.8 REGISTRATION, TRANSFER AND EXCHANGE
	  	 	13	 
	 SECTION 2.9 MUTILATED, DEFACED, DESTROYED, LOST AND STOLEN SECURITIES
	  	 	16	 
	 SECTION 2.10 CANCELLATION OF SECURITIES; DISPOSAL THEREOF
	  	 	17	 
	 SECTION 2.11 TEMPORARY SECURITIES
	  	 	17	 
	 SECTION 2.12 CUSIP NUMBERS
	  	 	18	 
		
	 ARTICLE III COVENANTS OF THE ISSUER
	  			
	 SECTION 3.1 PAYMENT OF PRINCIPAL AND INTEREST
	  	 	18	 
	 SECTION 3.2 OFFICES FOR PAYMENTS, ETC
	  	 	18	 
	 SECTION 3.3 APPOINTMENT TO FILL A VACANCY IN OFFICE OF TRUSTEE
	  	 	19	 
	 SECTION 3.4 PAYING AGENTS
	  	 	19	 
	 SECTION 3.5 COMPLIANCE CERTIFICATES
	  	 	20	 
	 SECTION 3.6 CORPORATE EXISTENCE
	  	 	20	 
	 SECTION 3.7 CALCULATION OF ORIGINAL ISSUE DISCOUNT
	  	 	20	 
		
	 ARTICLE IV SECURITYHOLDER LISTS AND REPORTS BY THE ISSUER AND THE TRUSTEE
	  			
	 SECTION 4.1 ISSUER TO FURNISH TRUSTEE INFORMATION AS TO NAMES AND ADDRESSES OF
SECURITYHOLDERS
	  	 	20	 
	 SECTION 4.2 REPORTS BY THE ISSUER
	  	 	21	 
	 SECTION 4.3 REPORTS BY THE TRUSTEE
	  	 	21	 
		
	 ARTICLE V REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT
	  			
	 SECTION 5.1 EVENT OF DEFAULT DEFINED, ACCELERATION OF MATURITY; WAIVER OF DEFAULT
	  	 	21	 

  
 i 

					
	 SECTION 5.2 COLLECTION OF INDEBTEDNESS BY TRUSTEE; TRUSTEE MAY PROVE DEBT
	  	 	24	 
	 SECTION 5.3 APPLICATION OF PROCEEDS
	  	 	26	 
	 SECTION 5.4 SUITS FOR ENFORCEMENT
	  	 	27	 
	 SECTION 5.5 RESTORATION OF RIGHTS ON ABANDONMENT OF PROCEEDINGS
	  	 	27	 
	 SECTION 5.6 LIMITATIONS ON SUITS BY SECURITY HOLDERS
	  	 	27	 
	 SECTION 5.7 UNCONDITIONAL RIGHT OF SECURITYHOLDERS TO INSTITUTE CERTAIN SUITS
	  	 	28	 
	 SECTION 5.8 POWERS AND REMEDIES CUMULATIVE; DELAY OR OMISSION NOT WAIVER OF DEFAULT
	  	 	28	 
	 SECTION 5.9 CONTROL BY HOLDERS OF SECURITIES
	  	 	28	 
	 SECTION 5.10 WAIVER OF PAST DEFAULTS
	  	 	28	 
	 SECTION 5.11 TRUSTEE TO GIVE NOTICE OF DEFAULT, BUT MAY WITHHOLD IN CERTAIN CIRCUMSTANCES
	  	 	29	 
	 SECTION 5.12 RIGHT OF COURT TO REQUIRE FILING OF UNDERTAKING TO PAY COSTS
	  	 	29	 
		
	 ARTICLE VI CONCERNING THE TRUSTEE
	  			
	 SECTION 6.1 DUTIES AND RESPONSIBILITIES OF THE TRUSTEE; DURING DEFAULT; PRIOR TO DEFAULT
	  	 	30	 
	 SECTION 6.2 CERTAIN RIGHTS OF THE TRUSTEE
	  	 	31	 
	 SECTION 6.3 TRUSTEE NOT RESPONSIBLE FOR RECITALS, DISPOSITION OF SECURITIES OR APPLICATION OF
PROCEEDS THEREOF
	  	 	32	 
	 SECTION 6.4 TRUSTEE AND AGENTS MAY HOLD SECURITIES; COLLECTIONS, ETC.
	  	 	33	 
	 SECTION 6.5 MONEYS HELD BY TRUSTEE
	  	 	33	 
	 SECTION 6.6 COMPENSATION AND INDEMNIFICATION OF TRUSTEE AND ITS PRIOR CLAIM
	  	 	33	 
	 SECTION 6.7 RIGHT OF TRUSTEE TO RELY ON OFFICERS’ CERTIFICATE, ETC.
	  	 	34	 
	 SECTION 6.8 INDENTURES NOT CREATING POTENTIAL CONFLICTING INTERESTS FOR THE TRUSTEE
	  	 	34	 
	 SECTION 6.9 QUALIFICATION OF TRUSTEE: CONFLICTING INTERESTS
	  	 	34	 
	 SECTION 6.10 PERSONS ELIGIBLE FOR APPOINTMENT AS TRUSTEE
	  	 	34	 
	 SECTION 6.11 RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR TRUSTEE
	  	 	34	 
	 SECTION 6.12 ACCEPTANCE OF APPOINTMENT BY SUCCESSOR TRUSTEE
	  	 	36	 
	 SECTION 6.13 MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS OF TRUSTEE
	  	 	37	 
	 SECTION 6.14 PREFERENTIAL COLLECTION OF CLAIMS AGAINST THE ISSUER
	  	 	37	 
	 SECTION 6.15 APPOINTMENT OF AUTHENTICATING AGENT
	  	 	37	 

  
 ii 

					
		
	 ARTICLE VII CONCERNING THE SECURITYHOLDERS
	  			
	 SECTION 7.1 EVIDENCE OF ACTION TAKEN BY SECURITYHOLDERS
	  	 	38	 
	 SECTION 7.2 PROOF OF EXECUTION OF INSTRUMENTS AND OF HOLDING OF SECURITIES
	  	 	38	 
	 SECTION 7.3 HOLDERS TO BE TREATED AS OWNERS
	  	 	39	 
	 SECTION 7.4 SECURITIES OWNED BY ISSUER DEEMED NOT OUTSTANDING
	  	 	39	 
	 SECTION 7.5 RIGHT OF REVOCATION OF ACTION TAKEN
	  	 	39	 
		
	 ARTICLE VIII SUPPLEMENTAL INDENTURES
	  			
	 SECTION 8.1 SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF SECURITYHOLDERS
	  	 	40	 
	 SECTION 8.2 SUPPLEMENTAL INDENTURES WITH CONSENT OF SECURITYHOLDERS
	  	 	42	 
	 SECTION 8.3 EFFECT OF SUPPLEMENTAL INDENTURE
	  	 	43	 
	 SECTION 8.4 DOCUMENTS TO BE GIVEN TO TRUSTEE
	  	 	43	 
	 SECTION 8.5 NOTATION ON SECURITIES IN RESPECT OF SUPPLEMENTAL INDENTURES
	  	 	44	 
		
	 ARTICLE IX CONSOLIDATION, MERGER, SALE OR CONVEYANCE
	  			
	 SECTION 9.1 ISSUER MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS
	  	 	44	 
	 SECTION 9.2 SUCCESSOR PERSON SUBSTITUTED
	  	 	44	 
	 SECTION 9.3 OPINION OF COUNSEL TO BE GIVEN TO TRUSTEE
	  	 	45	 
		
	 ARTICLE X SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS
	  			
	 SECTION 10.1 SATISFACTION AND DISCHARGE OF INDENTURE
	  	 	45	 
	 SECTION 10.2 APPLICATION BY TRUSTEE OF FUNDS DEPOSITED FOR PAYMENT OF SECURITIES
	  	 	49	 
	 SECTION 10.3 REPAYMENT OF MONEYS HELD BY PAYING AGENT
	  	 	49	 
	 SECTION 10.4 RETURN OF MONEYS HELD BY TRUSTEE AND PAYING AGENT UNCLAIMED FOR TWO YEARS
	  	 	49	 
	 SECTION 10.5 INDEMNITY FOR U.S. GOVERNMENT OBLIGATIONS
	  	 	49	 
	 SECTION 10.6 EFFECT ON SUBORDINATION PROVISIONS
	  	 	50	 
		
	 ARTICLE XI MISCELLANEOUS PROVISIONS
	  			
	 SECTION 11.1 INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS OF ISSUER EXEMPT FROM INDIVIDUAL
LIABILITY
	  	 	50	 
	 SECTION 11.2 PROVISIONS OF INDENTURE FOR THE SOLE BENEFIT OF PARTIES AND HOLDERS OF
SECURITIES
	  	 	50	 
	 SECTION 11.3 SUCCESSORS AND ASSIGNS OF ISSUER BOUND BY INDENTURE
	  	 	50	 
	 SECTION 11.4 NOTICES AND DEMANDS ON ISSUER, TRUSTEE AND HOLDERS OF SECURITIES
	  	 	51	 
	 SECTION 11.5 OFFICERS’ CERTIFICATES AND OPINIONS OF COUNSEL; STATEMENTS TO BE CONTAINED
THEREIN
	  	 	52	 

  
 iii 

					
	 SECTION 11.6 PAYMENTS DUE ON SATURDAYS, SUNDAYS AND HOLIDAYS
	  	 	53	 
	 SECTION 11.7 CONFLICT OF ANY PROVISION OF INDENTURE WITH TRUST INDENTURE ACT
	  	 	53	 
	 SECTION 11.8 NEW YORK LAW TO GOVERN; WAIVER OF JURY TRIAL
	  	 	53	 
	 SECTION 11.9 COUNTERPARTS
	  	 	53	 
	 SECTION 11.10 EFFECT OF HEADINGS
	  	 	53	 
	 SECTION 11.11 SECURITIES IN A FOREIGN CURRENCY
	  	 	54	 
	 SECTION 11.12 JUDGMENT CURRENCY
	  	 	54	 
	 SECTION 11.13 AGREEMENT TO SUBORDINATE
	  	 	55	 
	 SECTION 11.14 FORCE MAJEURE
	  	 	55	 
	 SECTION 11.15 U.S.A. PATRIOT ACT
	  	 	55	 
		
	 ARTICLE XII REDEMPTION OF SECURITIES AND SINKING FUNDS
	  			
	 SECTION 12.1 APPLICABILITY OF ARTICLE
	  	 	55	 
	 SECTION 12.2 NOTICE OF REDEMPTION; PARTIAL REDEMPTIONS
	  	 	55	 
	 SECTION 12.3 PAYMENT OF SECURITIES CALLED FOR REDEMPTION
	  	 	57	 
	 SECTION 12.4 EXCLUSION OF CERTAIN SECURITIES FROM ELIGIBILITY FOR SELECTION FOR
REDEMPTION
	  	 	57	 
	 SECTION 12.5 MANDATORY AND OPTIONAL SINKING FUNDS
	  	 	57	 

  
 iv 

 THIS INDENTURE, dated as of
[                ], by and between CHARGEPOINT HOLDINGS, INC., a Delaware corporation (the “Issuer”), and
[                ], as trustee (the “Trustee”). 

W I T N E S S E T H: 
 WHEREAS,
the Issuer has duly authorized the issue from time to time of its unsecured debentures, notes or other evidences of indebtedness to be issued in one or more series (the “Securities”) up to such principal amount or amounts as may from time
to time be authorized in accordance with the terms of this Indenture; 
 WHEREAS, the Issuer has duly authorized the execution and delivery
of this Indenture to provide, among other things, for the authentication, delivery and administration of the Securities; and 
 WHEREAS, all
things necessary to make this Indenture a valid and legally binding indenture and agreement according to its terms have been done; 
 NOW,
THEREFORE: 
 In consideration of the premises and the purchases of the Securities by the holders thereof, the Issuer and the Trustee
mutually covenant and agree for the equal and proportionate benefit of the holders from time to time of the Securities as follows: 

DEFINITIONS 

SECTION 1.1 CERTAIN TERMS DEFINED The following terms (except as otherwise expressly provided or unless the context
otherwise clearly requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section. All other terms used in this Indenture that are defined in the Trust Indenture Act
of 1939, as amended (the “Trust Indenture Act”), or the definitions of which in the Securities Act of 1933, as amended (the “Securities Act”), are referred to in the Trust Indenture Act, including terms defined therein by
reference to the Securities Act (except as herein otherwise expressly provided or unless the context otherwise requires), shall have the meaning assigned to such terms in the Trust Indenture Act and in the Securities Act as in effect from time to
time. All accounting terms used herein and not expressly defined shall have the meanings assigned to such terms in accordance with generally accepted accounting principles, and the term “generally accepted accounting principles” means such
accounting principles as are generally accepted at the time of any computation unless a different time shall be specified with respect to such series of Securities as provided for in Section 2.3. The words “herein,” “hereof”
and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. The terms defined in this Article have the meanings assigned to them in this Article and
include the plural as well as the singular. 
 “Affiliate” has the same meaning as given to that term in Rule 405 of the
Securities Act or any successor provision. 

  
 1 

 “Applicable Procedures” means, with respect to any matter at any time, the
policies and procedures of a Depositary, if any, that are applicable to such matter at such time. 
 “Authenticating Agent” shall
have the meaning set forth in Section 6.15. 
 “Board of Directors” means either the Board of Directors of the Issuer or any
committee of such Board duly authorized to act on its behalf. 
 “Board Resolution” means a copy of one or more resolutions,
certified by the secretary or an assistant secretary of the Issuer to have been duly adopted or consented to by the Board of Directors and to be in full force and effect, and delivered to the Trustee. 

“Business Day” means, with respect to any Security, a day that is not a day on which banking institutions in the city (or in any of
the cities, if more than one) in which amounts are payable, as specified in the form of such Security, are authorized or required by any applicable law or regulation to be closed. 

“Capital Stock” means, with respect to any corporation, any and all shares, interests, rights to purchase (other than convertible or
exchangeable indebtedness that is not itself otherwise capital stock), warrants, options, participations or other equivalents of or interests (however designated) in stock issued by that corporation. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or if
at any time after the execution and delivery of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties on such date. 

“Corporate Trust Office” means the office of the Trustee at which the corporate trust business of the Trustee shall, at any
particular time, be principally administered, which office is, as of the date of this Indenture, located at [                ]. 

“covenant defeasance” shall have the meaning set forth in Section 10.1(C). 

“Depositary” means, with respect to the Securities of any series issuable or issued in the form of one or more Registered Global
Securities, the Person designated as Depositary by the Issuer pursuant to Section 2.3 until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean
or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such series shall mean the Depositary with respect to the
Registered Global Securities of that series. 
 “Dollar” or “$” means the coin or currency of the United States of
America as at the time of payment is legal tender for the payment of public and private debts. 
 “Equity Interests” means Capital
Stock or partnership, participation or membership interests and all warrants, options or other rights to acquire Capital Stock or partnership, participation or membership interests (but excluding any debt security that is convertible into, or
exchangeable for, Capital Stock or partnership, participation or membership interests). 

  
 2 

 “Event of Default” means any event or condition specified as such in
Section 5.1. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Fair Value” when used with respect to any Voting Equity Interests of the Issuer means the fair value as determined in good faith by
the Board of Directors of the Issuer. 
 “Foreign Currency” means any coin, currency, currency unit or composite currency,
including, without limitation, the euro, issued by the government of one or more countries, other than the United States of America or by any internationally recognized union, confederation or association of such governments. 

“Holder,” “Holder of Securities,” “Securityholder” or any other similar terms mean the person in whose name a
Security is registered in the security register kept by the Issuer for that purpose in accordance with the terms hereof. 

“Indenture” means this instrument as originally executed and delivered or, if amended or supplemented as herein provided, as so
amended or supplemented or both, and shall include the forms and terms of particular series of Securities established as contemplated hereunder, provided, that, if at any time more than one Person is acting as Trustee under this instrument,
“Indenture” shall mean, with respect to one or more series of Securities for which such person is trustee, this instrument as originally executed and delivered or, if amended or supplemented as herein provided, as so amended or
supplemented or both, and shall include the forms and terms of those particular series of Securities for which such Person is Trustee established as contemplated hereunder, exclusive, however, of any provisions or terms which relate solely to other
series of Securities for which such person is not Trustee, regardless of when such terms or provisions were adopted. 
 “IRS”
means the Internal Revenue Service of the United States Department of the Treasury, or any successor entity. 
 “Issuer” means
(except as otherwise provided in Article IX) ChargePoint Holdings, Inc., a Delaware corporation, and, subject to Article IX, its successors and assigns. 

“Issuer Order” means a written statement, request or order of the Issuer signed in its name by the president, any vice president or
the treasurer of the Issuer. 
 “Judgment Currency” has the meaning set forth in Section 11.12. 

“Non-U.S. Person” means any person that is not a “U.S. person” as such term is
defined in Rule 902 of the Securities Act. 
 “Officers’ Certificate” means a certificate signed by the chief executive
officer and the chief financial officer of the Issuer and delivered to the Trustee. 
 “Opinion of Counsel” means an opinion in
writing signed by legal counsel who is reasonably acceptable to the Trustee and who may be an employee of or counsel to the Issuer. 

  
 3 

 “Original Issue Date” of any Security (or portion thereof) means the earlier of
(a) the date of such Security or (b) the date of any Security (or portion thereof) for which such Security was issued (directly or indirectly) on registration of transfer, exchange or substitution. 

“Original Issue Discount Security” means any Security that provides for an amount less than the principal amount thereof to be due
and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 5.1. 
 “Outstanding” (except as
otherwise provided in Section 7.4), when used with reference to Securities, means, subject to the provisions of Section 7.4, as of any particular time, all Securities authenticated and delivered by the Trustee under this Indenture, except:

 (a) Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 

(b) Securities, or portions thereof, for the payment or redemption of which moneys or U.S. Government Obligations (as provided
for in Section 10.1) in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Issuer) or shall have been set aside, segregated and held in trust by the Issuer for the Holders of such
Securities (if the Issuer shall act as its own paying agent), provided, that if such Securities, or portions thereof, are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as herein provided, or provisions
reasonably satisfactory to the Trustee shall have been made for giving such notice; and 
 (c) Securities which shall have
been paid or in substitution for which other Securities shall have been authenticated and delivered pursuant to the terms of Section 2.9 (except with respect to any such Security as to which proof reasonably satisfactory to the Trustee is
presented that such Security is held by a person in whose hands such Security is a legal, valid and binding obligation of the Issuer). 
 In
determining whether the Holders of the requisite principal amount of Outstanding Securities of any or all series have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of an Original Issue
Discount Security that shall be deemed to be Outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the maturity thereof
pursuant to Section 5.1. 
 “Periodic Offering” means an offering of Securities of a series from time to time, the specific
terms of which Securities, including, without limitation, the rate or rates of interest, if any, thereon, the stated maturity or maturities thereof and the redemption provisions, if any, with respect thereto, are to be determined by the Issuer or
its agents upon the issuance of such Securities. 
 “Person” means any individual, corporation, business trust, partnership,
limited liability company, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“principal” whenever used with reference to the Securities or any Security or any portion thereof, shall be deemed to include
“and premium, if any,” provided, however, that such inclusion of premium, if any, shall under no circumstances result in the double counting of such premium for the purpose of any calculation required hereunder. 

  
 4 

 “record date” shall have the meaning set forth in Section 2.7. 

“Registered Global Security” means a Security evidencing all or a part of a series of Registered Securities, issued to the
Depositary or a nominee thereof for such series in accordance with Section 2.4, and bearing the legend prescribed in Section 2.4 and any other legend required by the Depositary for such series. 

“Registered Security” means any Security registered on the books of the Registrar. 

“Registrar” means the Person designated by the Issuer as “Registrar” for the purpose of registering Securities and
transfers of Securities as herein provided, who shall initially be the Trustee. “Registrar” shall also mean or include each Person who is then a registrar hereunder, and, if at any time there is more than one such Person,
“Registrar” as used with respect to the Securities of any series shall mean the registrar with respect to the Securities of such series. 

“Required Currency” shall have the meaning set forth in Section 11.12. 

“Responsible Officer” when used with respect to the Trustee means any vice president (whether or not designated by numbers or words
added before or after the title “Vice President”), any assistant vice president, any trust officer, or assistant trust officer, or any other officer of the Trustee customarily performing functions similar to those performed by the persons
who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with the particular subject and, in each case, who shall have direct responsibility for the
administration of this Indenture. 
 “Security” or “Securities” (except as otherwise provided in Section 7.4) has
the meaning stated in the first recital of this Indenture, or, as the case may be, Securities that have been authenticated and delivered under this Indenture. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Senior Indebtedness”, when used with respect to the Subordinated Securities of any series, shall have the meaning established
pursuant to Subsection 2.3(9) with respect to the Subordinated Securities of such series. 
 “Senior Securities” means Securities
other than Subordinated Securities. 
 “Subordinated Securities” means Securities that by the terms established pursuant to
Subsection 2.3(9) are subordinated in right of payment to Senior Indebtedness of the Issuer. 
 “Subordination Provisions”, when
used with respect to the Subordinated Securities of any series, shall have the meaning established pursuant to Subsection 2.3(9) with respect to the Subordinated Securities of such series. 

  
 5 

 “Subsidiary,” with respect to any Person, means (i) a corporation a majority
of whose Voting Equity Interests is at the time, directly or indirectly, owned by such Person, by such Person and one or more Subsidiaries of such Person or by one or more Subsidiaries of such Person, (ii) any other Person (other than a
corporation) in which such Person, one or more Subsidiaries of such Person, or such Person and one or more Subsidiaries of such Person, directly or indirectly, at the date of determination thereof has at least majority ownership interest, or
(iii) a partnership in which such Person or a Subsidiary of such Person is, at the time, a general partner. 
 “Trustee”
means the Person identified as “Trustee” in the first paragraph hereof and, subject to the provisions of Article VI, shall also include any successor trustee. “Trustee” shall also mean or include each Person who is then a trustee
hereunder, and, if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the trustee with respect to the Securities of such series. 

“U.S. Government Obligations” shall have the meaning set forth in Section 10.1(A). 

“Voting Equity Interests” means Equity Interests which at the time are entitled to vote in the election of, as applicable,
directors, members or partners generally; provided, that, for the purposes hereof, Equity Interests that carry only the right to vote conditionally on the happening of an event shall not be considered Voting Equity Interests whether or not such
event shall have happened. 
 “Yield to Maturity” means the yield to maturity on a series of securities, calculated at the time of
issuance of such series, or, if applicable, at the most recent redetermination of interest on such series, and calculated in accordance with accepted financial practice. 

SECURITIES 

SECTION 2.1 FORMS GENERALLY The Securities of each series shall be substantially in such form (not inconsistent with this
Indenture) as shall be established by or pursuant to one or more Board Resolutions (as set forth in a Board Resolution or, to the extent established pursuant to but not set forth in a Board Resolution, an Officers’ Certificate detailing such
establishment) or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture and may have imprinted or otherwise
reproduced thereon such legend or legends or endorsements, not inconsistent with the provisions of this Indenture, as may be required to comply with any law or with any rules or regulations pursuant thereto, or with any rules of any securities
exchange or to conform to general usage, all as may be determined by the officers executing such Securities, as evidenced by their execution of such Securities. 

The definitive Securities shall be printed or produced in any other manner, all as determined by the officers executing such Securities, as
evidenced by their execution of such Securities. 

  
 6 

 SECTION 2.2 FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION The
Trustee’s certificate of authentication on all Securities shall be in substantially the following form: 
 “This is one of the
Securities referred to in the within-mentioned Indenture. 
  

			
	[                ], as Trustee
		
	By	 	  

		 	Authorized Signatory
	
	Dated:                                   
                                         
            ”

 If at any time there shall be an Authenticating Agent appointed with respect to any series of
Securities, then the Trustee’s Certificate of Authentication to be borne by the Securities of each such series shall be substantially as follows: 

“This is one of the Securities referred to in the within-mentioned Indenture. 

 

			
	  
 as Authenticating
Agent

		
	By:	 	  

		 	Authorized Signatory
	
	Dated:                                 
                                         
              ”

 SECTION 2.3 AMOUNT UNLIMITED; ISSUABLE IN SERIES The aggregate principal amount of
Securities which may be authenticated and delivered under this Indenture is unlimited. 
 The Securities may be issued in one or more
series. There shall be established in or pursuant to one or more Board Resolutions (and to the extent established pursuant to but not set forth in a Board Resolution, in an Officers’ Certificate detailing such establishment) or established in
one or more indentures supplemental hereto, prior to the initial issuance of Securities of any series, 
 (1) the designation
of the Securities of the series, including CUSIP numbers, which shall distinguish the Securities of the series from the Securities of all other series, and which may be part of a series of Securities previously issued; 

(2) any limit upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered under
this Indenture (except for Securities authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 2.8, 2.9, 2.11, 8.5 or 12.3); 

  
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 (3) if other than Dollars, the Foreign Currency or Foreign Currencies in
which the Securities of the series are denominated; 
 (4) the date or dates on which the principal of the Securities of the
series is payable or the method of determination thereof; 
 (5) the rate or rates at which the Securities of the series
shall bear interest, if any, the date or dates from which such interest shall accrue, on which such interest shall be payable, the terms and conditions of any deferral of interest and the additional interest, if any, thereon, the right, if any, of
the Issuer to extend the interest payment periods and the duration of the extensions and the date or dates on which a record shall be taken for the determination of Holders to whom interest is payable and/or the method by which such rate or rates or
date or dates shall be determined; 
 (6) the place or places where and the manner in which, the principal of and any
interest on Securities of the series shall be payable, if other than as provided in Section 3.2; 
 (7) the right, if
any, of the Issuer to redeem Securities, in whole or in part, at its option and the period or periods within which, or the date or dates on which, the price or prices at which and any terms and conditions upon which Securities of the series may be
so redeemed, pursuant to any sinking fund or otherwise; 
 (8) the obligation, if any, of the Issuer to redeem, purchase or
repay Securities of the series pursuant to any mandatory redemption, sinking fund or analogous provisions or at the option of a Holder thereof and the price or prices at which and the period or periods within which or the date or dates on which, and
any terms and conditions upon which Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation; 

(9) if the Securities of such series are Subordinated Securities, the terms pursuant to which the Securities of such series
will be made subordinate in right of payment to Senior Indebtedness and the definition of such Senior Indebtedness with respect to such series (in the absence of an express statement to the effect that the Securities of such series are subordinate
in right of payment to all such Senior Indebtedness, the Securities of such series shall not be subordinate to Senior Indebtedness and shall not constitute Subordinated Securities); and, in the event that the Securities of such series are
Subordinated Securities, such Board Resolution, Officers’ Certificate or supplemental indenture, as the case may be, establishing the terms of such series shall expressly state which articles, sections or other provisions thereof constitute the
“Subordination Provisions” with respect to the Securities of such series; 
 (10) if other than denominations of
$2,000 and any integral multiple of $1,000 in excess thereof, the denominations in which Securities of the series shall be issuable; 

(11) the percentage of the principal amount at which the Securities will be issued, and, if other than the principal amount
thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the maturity thereof and the terms and conditions of any acceleration; 

  
 8 

 (12) if other than the coin, currency or currencies in which the Securities
of the series are denominated, the coin, currency or currencies in which payment of the principal of or interest on the Securities of such series shall be payable, including composite currencies or currency units; 

(13) if the principal of or interest on the Securities of the series are to be payable, at the election of the Issuer or a
Holder thereof, in a coin or currency other than that in which the Securities are denominated, the period or periods within which, and the terms and conditions upon which, such election may be made; 

(14) if the amount of payments of principal of and interest on the Securities of the series may be determined with reference to
an index or formula based on a coin, currency, composite currency or currency unit other than that in which the Securities of the series are denominated, the manner in which such amounts shall be determined; 

(15) whether and under what circumstances the Issuer will pay additional amounts on the Securities of the series held by a
person who is not a U.S. person in respect of any tax, assessment or governmental charge withheld or deducted and, if so, whether the Issuer will have the option to redeem the Securities of the series rather than pay such additional amounts; 

(16) if the Securities of the series are to be issuable in definitive form (whether upon original issue or upon exchange of a
temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, the form and terms of such certificates, documents or conditions; 

(17) any trustees, depositaries, authenticating or paying agents, transfer agents or registrars of any other agents with
respect to the Securities of such series; 
 (18) any deletion from, modification of or addition to the Events of Default or
covenants with respect to the Securities of such series; 
 (19) if the Securities of the series are to be convertible into
or exchangeable for any other security or property of the Issuer, including, without limitation, securities of another Person held by the Issuer or its Affiliates and, if so, the terms thereof; and 

(20) any other terms of the series. 

All Securities of any one series shall be substantially identical, except as to denomination and except as may otherwise be provided by or
pursuant to the Board Resolution or Officers’ Certificate referred to above or as set forth in any indenture supplemental hereto. The Issuer may, without the consent of the Holders, issue additional Securities of the same series in the future
ranking equally with, and otherwise similar in all respects to, the Securities of such series, except for any differences in the issue price and, if applicable, the initial interest accrual date and interest payment date; provided that if the
additional debt Securities are not fungible with the debt securities of the series previously offered or sold for U.S. federal income tax purposes, the additional debt securities will have a separate CUSIP or other identifying number as the
Securities of the applicable series. 

  
 9 

 All Securities of any one series need not be issued at the same time and may be issued from
time to time without consent of any Holder, consistent with the terms of this Indenture, if so provided by or pursuant to such Board Resolution, such Officers’ Certificate or in any indenture supplemental hereto. 

Under the Indenture, the Securities of any series and any additional Securities of such series the Issuer may issue in the future will be
treated as a single series for all purposes under the Indenture, including for purposes of determining whether the required percentage of the Holders of record of the Securities of such series has given approval or consent to an amendment or waiver
or joined in directing the Trustee to take certain actions on behalf of all Holders of the Securities of such series. 
 SECTION
2.4 AUTHENTICATION AND DELIVERY OF SECURITIES The Issuer may deliver Securities of any series executed by the Issuer to the Trustee for authentication together with the applicable documents referred to below in this Section 2.4, and
the Trustee shall thereupon authenticate and deliver such Securities to or upon the written order of the Issuer (contained in the Issuer Order referred to below in this Section) or deliver pursuant to such procedures acceptable to the Trustee and to
such recipients as may be specified from time to time by an Issuer Order. The maturity date, original issue date, interest rate and any other terms of the Securities of such series shall be determined by or pursuant to such Issuer Order and Sections
2.1, 2.3 and this Section 2.4. In authenticating such Securities and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be provided with (in the case of subparagraphs (2), (3) and
(4) below only at or before the time of the first request of the Issuer to the Trustee to authenticate Securities of such series) and (subject to Section 6.1) shall be fully protected in conclusively relying upon, the following enumerated
documents unless and until such documents have been superseded or revoked: 
 (1) an Issuer Order requesting such
authentication and setting forth delivery instructions if the Securities are not to be delivered to the Issuer, provided that, with respect to Securities of a series subject to a Periodic Offering, (a) such Issuer Order may be delivered by the
Issuer to the Trustee prior to the delivery to the Trustee of such Securities for authentication and delivery, (b) the Trustee shall authenticate and deliver Securities of such series for original issue from time to time, in an aggregate
principal amount not exceeding the aggregate principal amount established for such series, pursuant to an Issuer Order or pursuant to procedures acceptable to the Trustee as may be specified from time to time by an Issuer Order and (c) the
maturity date or dates, original issue date or dates, interest rate or rates and any other terms of Securities of such series shall be determined by an Issuer Order or pursuant to such procedures; 

(2) any Board Resolution, Officers’ Certificate and/or executed supplemental indenture referred to in Sections 2.1 and 2.3
by or pursuant to which the forms and terms of the Securities were established; 
 (3) an Officers’ Certificate setting
forth the form or forms and terms of the Securities, stating that the form or forms and terms of the Securities have been established pursuant to Sections 2.1 and 2.3 and comply with this Indenture, and covering such other matters as the Trustee may
reasonably request; and 

  
 10 

 (4) Either one or more Opinions of Counsel, or, at the option of the Issuer,
a letter addressed to the Trustee permitting it to rely on one or more Opinions of Counsel, substantially to the effect that: 

(a) the form or forms of the Securities have been duly authorized and established in conformity with the provisions of this
Indenture; 
 (b) in the case of an underwritten offering, the terms of the Securities have been duly authorized and
established in conformity with the provisions of this Indenture, and, in the case of an offering that is not underwritten, certain terms of the Securities have been established pursuant to a Board Resolution, an Officers’ Certificate or a
supplemental indenture in accordance with this Indenture, and when such other terms as are to be established pursuant to procedures set forth in an Issuer Order shall have been established, all such terms will have been duly authorized by the Issuer
and will have been established in conformity with the provisions of this Indenture; 
 (c) if the terms of the Securities
have been established pursuant to a supplemental indenture, such supplemental indenture, when executed by the Issuer and the Trustee in accordance with the provisions of this Indenture, and subject to any exemptions, assumptions and qualifications
specified in such Opinion of Counsel, will be a valid and binding obligation of the Issuer, enforceable in accordance with its terms except as the enforceability thereof may be limited by (i) bankruptcy, insolvency, reorganization, liquidation,
moratorium, fraudulent transfer or similar laws affecting creditors’ rights generally, (ii) rights of acceleration, if any, and (iii) the availability of equitable remedies may be limited by equitable principles of general
applicability, and such counsel need express no opinion with regard to the enforceability of Section 6.6 or of a judgment denominated in a currency other than Dollars; 

(d) such Securities, when executed by the Issuer and authenticated by the Trustee in accordance with the provisions of this
Indenture and delivered to and duly paid for by the purchasers thereof, and subject to any exemptions, assumptions and qualifications specified in such Opinion of Counsel, will be entitled to the benefits of this Indenture, and will be valid and
binding obligations of the Issuer, enforceable in accordance with their respective terms except as the enforceability thereof may be limited by (i) bankruptcy, insolvency, reorganization, liquidation, moratorium, fraudulent transfer or similar
laws affecting creditors’ rights generally, (ii) rights of acceleration, if any, and (iii) the availability of equitable remedies may be limited by equitable principles of general applicability, and such counsel need express no
opinion with regard to the enforceability of Section 6.6 or of a judgment denominated in a currency other than Dollars; and 

(e) all conditions precedent to the issuance and authorization of the Securities have been complied with. 

  
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 Any counsel may state that such opinions are limited to matters arising under the laws of
the State of New York and the General Corporation Law of the State of Delaware. Such counsel may rely upon opinions of other counsel (copies of which shall be delivered to the Trustee) reasonably satisfactory to the Trustee, in which case the
opinion shall state that such counsel believes it and the Trustee are entitled so to rely. Such counsel may also state that, insofar as such opinion involves factual matters, it has relied, to the extent he deems proper, upon certificates of
officers of the Issuer and its subsidiaries and certificates of public officials. 
 The Trustee shall have the right to decline to
authenticate and deliver any Securities under this section if the Trustee, being advised by counsel, determines that such action may not lawfully be taken by the Issuer or if the Trustee in good faith shall determine that such action would expose
the Trustee to personal liability to existing Holders or would affect the Trustee’s own rights, duties or immunities under the Securities, this Indenture or otherwise. 

If the Issuer shall establish pursuant to Section 2.3 that the Securities of a series are to be issued in the form of one or more
Registered Global Securities, then the Issuer shall execute and the Trustee shall, in accordance with this Section and the Issuer Order with respect to such series, authenticate and deliver one or more Registered Global Securities that
(i) shall represent and shall be denominated in an amount equal to the aggregate principal amount of all of the Securities of such series issued and not yet cancelled, (ii) shall be registered in the name of the Depositary for such
Registered Global Security or Securities or the nominee of such Depositary, (iii) shall be delivered by the Trustee to such Depositary or delivered or held pursuant to such Depositary’s instructions and (iv) shall bear a legend
substantially to the following effect: “UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO THE NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.” 

Each Depositary designated pursuant to Section 2.3 must, at the time of its designation and at all times while it serves as Depositary,
be a clearing agency registered under the Exchange Act and any other applicable statute or regulation. 
 SECTION 2.5
EXECUTION OF SECURITIES The Securities shall be signed on behalf of the Issuer by the chief executive officer or the chief financial officer of the Issuer, which may, but need not, be attested. Such signatures may be the manual or
facsimile signatures of the present or any future such officers. Typographical and other minor errors or defects in any such signature shall not affect the validity or enforceability of any Security that has been duly authenticated and delivered by
the Trustee. 
 In case any officer of the Issuer who shall have signed any of the Securities shall cease to be such officer before the
Security so signed shall be authenticated and delivered by the Trustee or disposed of by the Issuer, such Security nevertheless may be authenticated and delivered or disposed of as though the person who signed such Security had not ceased to be such
officer of the Issuer; and any Security may be signed on behalf of the Issuer by such persons as, at the actual date of the execution of such Security, shall be the proper officers of the Issuer, although at the date of the execution and delivery of
this Indenture any such person was not such an officer. 

  
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 SECTION 2.6 CERTIFICATE OF AUTHENTICATION Only such Securities as shall
bear thereon a certificate of authentication substantially in the form hereinbefore recited, executed by the Trustee by the manual signature of one of its authorized signatories, shall be entitled to the benefits of this Indenture or be valid or
obligatory for any purpose. The execution of such certificate by the Trustee upon any Security executed by the Issuer shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the
Holder is entitled to the benefits of this Indenture. 
 SECTION 2.7 DENOMINATION AND DATE OF SECURITIES; PAYMENT OF
INTEREST The Securities of each series shall be issuable as Registered Securities in denominations established as contemplated by Section 2.3 or, with respect to the Registered Securities of any series, if not so established, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. The Securities of each series shall be numbered, lettered or otherwise distinguished in such manner or in accordance with such plan as the officers of the Issuer
executing the same may determine with the approval of the Trustee, as evidenced by the execution and authentication thereof. 
 Each
Security shall be dated the date of its authentication. The Securities of each series shall bear interest, if any, from the date, and such interest shall be payable on the dates, established as contemplated by Section 2.3. 

The person in whose name any Registered Security of any series is registered at the close of business on any record date applicable to a
particular series with respect to any interest payment date for such series shall be entitled to receive the interest, if any, payable on such interest payment date notwithstanding any transfer or exchange of such Registered Security subsequent to
the record date and prior to such interest payment date, except if and to the extent the Issuer shall default in the payment of the interest due on such interest payment date for such series, in which case such defaulted interest shall be paid to
the persons in whose names Outstanding Registered Securities for such series are registered at the close of business on a subsequent record date (which shall be not less than five Business Days prior to the date of payment of such defaulted
interest) established by notice sent by or on behalf of the Issuer to the Holders of Registered Securities not less than 15 days preceding such subsequent record date. The term “record date” as used with respect to any interest payment
date (except a date for payment of defaulted interest) for the Securities of any series shall mean the date specified as such in the terms of the Registered Securities of such series established as contemplated by Section 2.3, or, if no such
date is so established, if such interest payment date is the first day of a calendar month, the fifteenth day of the preceding calendar month or, if such interest payment date is the fifteenth day of a calendar month, the first day of such calendar
month, whether or not such record date is a Business Day. 
 SECTION 2.8 REGISTRATION, TRANSFER AND EXCHANGE (a) The
Issuer will keep at each office or agency to be maintained for the purpose as provided in Section 3.2 for each series of Securities a register or registers in which, subject to such reasonable regulations as the Issuer may prescribe, it will
provide for the registration of Registered Securities of such series and the registration of transfer of Registered Securities of such series. Such register shall be in written form in the English language or in any other form capable of being
converted into such form within a reasonable time. At all reasonable times such register or registers shall be open for inspection by the Trustee. 

  
 13 

 Upon due presentation for registration of transfer of any Registered Security of any series
at any such office or agency to be maintained for the purpose as provided in Section 3.2, the Issuer shall execute and the Trustee shall authenticate and deliver in the name of the transferee or transferees a new Registered Security or
Registered Securities of the same series, maturity date, interest rate and original issue date in authorized denominations for a like aggregate principal amount. 

At the option of the Holder thereof, Registered Securities of any series (other than a Registered Global Security, except as set forth below)
may be exchanged for a Registered Security or Registered Securities of such series having authorized denominations and an equal aggregate principal amount, upon surrender of such Registered Securities to be exchanged at the agency of the Issuer that
shall be maintained for such purpose in accordance with Section 3.2 and upon payment, if the Issuer shall so require, of the charges hereinafter provided. Whenever any Securities are so surrendered for exchange, the Issuer shall execute, and
the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. All Securities surrendered upon any exchange or transfer provided for in this Indenture shall be promptly cancelled and disposed
of by the Trustee in accordance with its regular procedures, and, upon the written request of any officer of the Issuer, the Trustee shall deliver a certificate of cancellation and disposition thereof to the Issuer. 

All Registered Securities presented for registration of transfer, exchange, redemption or payment shall (if so required by the Issuer or the
Trustee) be duly endorsed, or be accompanied by a written instrument or instruments of transfer in form reasonably satisfactory to the Issuer and the Trustee duly executed, by the Holder or his attorney duly authorized in writing. 

The Issuer or the Registrar may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in
connection with any exchange or registration of transfer of Securities. No service charge shall be made for any such transaction. 
 Neither
the Issuer nor the Registrar shall be required to exchange or register a transfer of (a) any Securities of any series for a period of 15 days preceding the first sending of notice of redemption of Securities of such series to be redeemed and
ending at the close of business on the day such notice of redemption is sent or (b) any Securities selected, called or being called for redemption, in whole or in part, except, in the case of any Security to be redeemed in part, the portion
thereof not so to be redeemed. 
 Notwithstanding any other provision of this Section 2.8, except for exchanges in whole or in part for
Securities in definitive registered form, a Registered Global Security representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such series to a nominee of such Depositary or by a
nominee of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor Depositary. 

  
 14 

 If at any time the Depositary for any Registered Securities of a series represented by one
or more Registered Global Securities notifies the Issuer that it is unwilling or unable to continue as Depositary for such Registered Securities or if at any time the Depositary for such Registered Securities shall no longer be eligible under
Section 2.4, the Issuer shall appoint a successor Depositary eligible under Section 2.4 with respect to such Registered Securities. If a successor Depositary eligible under Section 2.4 for such Registered Securities is not appointed
by the Issuer within 90 days after the Issuer receives such notice or becomes aware of such ineligibility, the Issuer’s election pursuant to Section 2.3 that such Registered Securities be represented by one or more Registered Global
Securities shall no longer be effective and the Issuer will execute, and the Trustee, upon receipt of an Officers’ Certificate for the authentication and delivery of definitive Securities of such series, will authenticate and deliver,
Securities of such series in definitive registered form without coupons, in any authorized denominations, in an aggregate principal amount equal to the principal amount of the Registered Global Security or Securities representing such Registered
Securities in exchange for such Registered Global Security or Securities. 
 The Issuer may at any time and in its sole discretion determine
that the Registered Securities of any series issued in the form of one or more Registered Global Securities shall no longer be represented by a Registered Global Security or Securities. In such event the Issuer will execute, and the Trustee, upon
receipt of any Officers’ Certificate for the authentication and delivery of definitive Securities of such series, will authenticate and deliver, Securities of such series in definitive registered form without coupons, in any authorized
denominations, in an aggregate principal amount equal to the principal amount of the Registered Global Security or Securities representing such Registered Securities, in exchange for such Registered Global Security or Securities. 

If specified by the Issuer pursuant to Section 2.3 with respect to Securities represented by a Registered Global Security, the Depositary
for such Registered Global Security may surrender such Registered Global Security in exchange in whole or in part for Securities of the same series in definitive registered form on such terms as are acceptable to the Issuer and such Depositary.
Thereupon, the Issuer shall execute, and the Trustee shall authenticate and deliver, without service charge, 
 (i) to the
Person specified by such Depositary a new Registered Security or Securities of the same series, of any authorized denominations as requested by such Person, in an aggregate principal amount equal to and in exchange for such Person’s beneficial
interest in the Registered Global Security; and 
 (ii) to such Depositary a new Registered Global Security in a denomination
equal to the difference, if any, between the principal amount of the surrendered Registered Global Security and the aggregate principal amount of Registered Securities authenticated and delivered pursuant to clause (i) above. 

  
 15 

 Upon the exchange of a Registered Global Security for Securities in definitive registered
form without coupons, in authorized denominations, such Registered Global Security shall be cancelled by the Trustee or an agent of the Issuer or the Trustee. Securities in definitive registered form without coupons issued in exchange for a
Registered Global Security pursuant to this Section 2.8 shall be registered in such names and in such authorized denominations as the Depositary for such Registered Global Security, pursuant to instructions from its direct or indirect
participants or otherwise, shall instruct the Trustee or an agent of the Issuer or the Trustee. The Trustee or such agent shall deliver such Securities to or as directed by the Persons in whose names such Securities are so registered. 

All Securities issued upon any transfer or exchange of Securities shall be valid obligations of the Issuer, evidencing the same debt, and
entitled to the same benefits under this Indenture, as the Securities surrendered upon such transfer or exchange. 
 Neither the Issuer nor
the Trustee shall have any responsibility for any actions taken or not taken by the Depositary. All Securities issued in definitive registered form, as described herein, shall be in “registered form” for purposes of Section 163(f) of
the Internal Revenue Code of 1986, as amended. 
 The Trustee shall have no obligation or duty to monitor, determine or inquire as to
compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Depositary participants or beneficial owners of
interests in any Registered Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to
examine the same to determine substantial compliance as to form with the express requirements hereof. 
 Neither the Trustee nor any Agent
shall have any responsibility for any actions taken or not taken by the Depository. 
 SECTION 2.9 MUTILATED, DEFACED,
DESTROYED, LOST AND STOLEN SECURITIES In case any temporary or definitive Security shall be mutilated, defaced, destroyed, lost or stolen, the Issuer in its discretion may execute and, upon the written request of any officer of the Issuer, the
Trustee shall authenticate and deliver, a new Security of the same series, maturity date, interest rate and original issue date, bearing a number or other distinguishing symbol not contemporaneously outstanding, in exchange and substitution for the
mutilated or defaced Security, or in lieu of and in substitution for the Security so destroyed, lost or stolen. In every case, the applicant for a substitute Security shall furnish to the Issuer and to the Trustee and any agent of the Issuer or the
Trustee such security or indemnity as required by them to indemnify and defend and to save each of them harmless and, in every case of destruction, loss or theft, evidence to their reasonable satisfaction of the destruction, loss or theft of such
Security and of the ownership thereof, and in the case of mutilation or defacement shall surrender the Security to the Trustee or such agent. 

Upon the issuance of any substitute Security, the Issuer or the Registrar may require the payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) or its agent connected therewith. In case any Security which has matured or is about to mature or has been
called for redemption in full shall become mutilated or defaced or be destroyed, lost or stolen, the Issuer may, instead of issuing a substitute Security, pay or authorize the payment of the same 

  
 16 

 
(without surrender thereof except in the case of a mutilated or defaced Security ), if the applicant for such payment shall furnish to the Issuer and to the Trustee and any agent of the Issuer or
the Trustee such security or indemnity as any of them may require to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Issuer and the Trustee and any agent of the Issuer or the
Trustee evidence to their reasonable satisfaction of the destruction, loss or theft of such Security and of the ownership thereof. 
 Every
substitute Security of any series issued pursuant to the provisions of this Section by virtue of the fact that any such Security is destroyed, lost or stolen shall constitute an additional contractual obligation of the Issuer, whether or not the
destroyed, lost or stolen Security shall be at any time enforceable by anyone and shall be entitled to all the benefits of (but shall be subject to all the limitations of rights set forth in) this Indenture equally and proportionately with any and
all other Securities of such series duly authenticated and delivered hereunder. All Securities shall be held and owned upon the express condition that, to the extent permitted by law, the foregoing provisions are exclusive with respect to the
replacement or payment of mutilated, defaced or destroyed, lost or stolen Securities and shall preclude any and all other rights or remedies notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the
replacement or payment of negotiable instruments or other securities without their surrender. 
 SECTION 2.10 CANCELLATION
OF SECURITIES; DISPOSAL THEREOF All Securities surrendered for payment, redemption, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if any, if surrendered to the Issuer or any
agent of the Issuer or the Trustee or any agent of the Trustee, shall be delivered to the Trustee or its agent for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities shall be issued in lieu thereof except as
expressly permitted by any of the provisions of this Indenture. The Trustee or its agent shall dispose of cancelled Securities held by it in accordance with its regular procedures and deliver a certificate of disposition to the Issuer upon the
Issuer’s request in writing. If the Issuer or its agent shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are
delivered to the Trustee or its agent for cancellation. 
 SECTION 2.11 TEMPORARY SECURITIES Pending the preparation of
definitive Securities for any series, the Issuer may execute and the Trustee shall authenticate and deliver temporary Securities for such series (printed, lithographed, typewritten or otherwise reproduced, in each case in form reasonably
satisfactory to the Trustee). Temporary Securities of any series shall be issuable as Registered Securities without coupons of any authorized denomination, and substantially in the form of the definitive Securities of such series but with such
omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Issuer with the concurrence of the Trustee as evidenced by the execution and authentication thereof. Temporary Securities may
contain such references to any provisions of this Indenture as may be appropriate. Every temporary Security shall be executed by the Issuer and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with
like effect, as the definitive Securities. Without unreasonable delay the Issuer shall execute and shall furnish definitive Securities of such series and thereupon temporary Registered Securities of such series may be surrendered in exchange
therefor without charge at each office or agency to be maintained by the Issuer for that purpose pursuant to Section 3.2 and the Trustee shall authenticate and deliver in exchange for such temporary Securities of such series an equal aggregate
principal amount of definitive Securities of the same series having authorized denominations. Until so exchanged, the temporary Securities of any series shall be entitled to the same benefits under this Indenture as definitive Securities of such
series, unless otherwise established pursuant to Section 2.3. 

  
 17 

 SECTION 2.12 CUSIP NUMBERS The Issuer in issuing the Securities may use
“CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be
affected by any defect in or omission of such numbers. The Issuer will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 

COVENANTS OF THE ISSUER 

SECTION 3.1 PAYMENT OF PRINCIPAL AND INTEREST The Issuer covenants and agrees for the benefit of each series of
Securities that it will duly and punctually pay or cause to be paid the principal of, and interest on, if any, each of the Securities of such series (together with any additional amounts payable pursuant to the terms of such Securities) at the place
or places, at the respective time or times and in the manner provided in such Securities and in this Indenture. The interest, if any, on Registered Securities (together with any additional amounts payable pursuant to the terms of such Securities)
shall be payable only to or upon the written order of the Holders thereof and, at the option of the Issuer, may be paid by wire transfer or by mailing checks for such interest payable to or upon the written order of such Holders at their last
addresses as they appear on the Securities register of the Issuer. 
 SECTION 3.2 OFFICES FOR PAYMENTS, ETC So long as
any Registered Securities are authorized for issuance pursuant to this Indenture or are outstanding hereunder, the Issuer will maintain in [                ] an office
or agency where the Registered Securities of each series may be presented for payment, where the Securities of each series may be presented for exchange as is provided in this Indenture and, if applicable, pursuant to Section 2.3 and where the
Registered Securities of each series may be presented for registration of transfer as in this Indenture provided. 
 The Issuer will give to
the Trustee written notice of the location of each such office or agency and of any change of location thereof. In case the Issuer shall fail to maintain any agency required by this Section to be located in
[                ], or shall fail to give such notice of the location or for any change in the location of any of the above agencies, presentations and demands may be
made and notices may be served at the designated office of the Trustee. 

  
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 The Issuer may from time to time designate one or more additional offices or agencies in the
continental United States where the Securities of a series may be presented for payment, where the Securities of that series may be presented for exchange as provided in this Indenture and pursuant to Section 2.3 and where the Registered
Securities of that series may be presented for registration of transfer as in this Indenture provided, and the Issuer may from time to time rescind any such designation, as the Issuer may deem desirable or expedient; provided, that no such
designation or rescission shall in any manner relieve the Issuer of its obligations to maintain the agencies provided for in this Section. The Issuer shall give to the Trustee prompt written notice of any such designation or rescission thereof. 

SECTION 3.3 APPOINTMENT TO FILL A VACANCY IN OFFICE OF TRUSTEE The Issuer, whenever necessary to avoid or fill a vacancy
in the office of Trustee, will appoint, in the manner provided in Section 6.10, a Trustee, so that there shall at all times be a Trustee with respect to each series of Securities hereunder. 

SECTION 3.4 PAYING AGENTS Whenever the Issuer shall appoint a paying agent other than the Trustee with respect to the
Securities of any series, it will cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section, 

(a) that it will hold all sums received by it as such agent for the payment of the principal of or interest on the Securities
of such series (whether such sums have been paid to it by the Issuer or by any other obligor on the Securities of such series) in trust for the benefit of the Holders of the Securities of such series or of the Trustee; 

(b) that it will give the Trustee written notice of any failure by the Issuer (or by any other obligor on the Securities of
such series) to make any payment of the principal of or interest on the Securities of such series when the same shall be due and payable; and 

(c) that it will pay any such sums so held in trust by it to the Trustee upon the Trustee’s written request at any time
during the continuance of the failure referred to in the foregoing clause (b). 
 The Issuer will, on or prior to each due date of the
principal of or interest on the Securities of such series, deposit with the paying agent a sum sufficient to pay such principal or interest so becoming due, and (unless such paying agent is the Trustee) the Issuer will promptly notify the Trustee of
any failure to take such action. 
 If the Issuer shall act as its own paying agent with respect to the Securities of any series, it will,
on or before each due date of the principal of or interest on the Securities of such series, set aside, segregate and hold in trust for the benefit of the Holders of the Securities of such series a sum sufficient to pay such principal or interest so
becoming due. The Issuer will promptly notify the Trustee in writing of any failure to take such action. 
 Anything in this Section to the
contrary notwithstanding, but subject to Section 10.1, the Issuer may at any time, for the purpose of obtaining a satisfaction and discharge with respect to one or more or all series of Securities hereunder, or for any other reason, pay or
cause to be paid to the Trustee all sums held in trust for any such series by the Issuer or any paying agent hereunder, as required by this Section, such sums to be held by the Trustee upon the trusts herein contained. 

  
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 Anything in this Section to the contrary notwithstanding, the agreement to hold sums in
trust as provided in this Section is subject to the provisions of Sections 10.3 and 10.4. 
 SECTION 3.5 COMPLIANCE CERTIFICATES The
Issuer will furnish to the Trustee on or before the date is 120 days following the end of each fiscal year (beginning with the fiscal year ended [                ]) an
officer’s certificate (which need not comply with Section 11.5) from the principal executive, financial or accounting officer of the Issuer stating that in the course of the performance by the signer of his or her duties as an officer of
the Issuer he or she would normally have knowledge of any default or non-compliance by the Issuer in the performance of any covenants or conditions contained in this Indenture, stating whether or not he or she
has knowledge of any such default or non-compliance (without regard to notice requirements or grace periods) and, if so, describing each such default or non-compliance
of which the signer has knowledge and the nature thereof. 
 The Issuer shall deliver to the Trustee, as soon as possible and in any
event within five days after the Issuer becomes aware of the occurrence of any Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default, an Officers’ Certificate setting forth the
details of such Event of Default or default and the action which the Issuer proposes to take with respect thereto. 
 SECTION 3.6
CORPORATE EXISTENCE Subject to Article IX, the Issuer will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence and the rights (charter and statutory), licenses and franchises
of the Issuer and its Subsidiaries; provided, that the Issuer shall not be required to preserve any such right, license or franchise, if, in the judgment of the Issuer, the preservation thereof is no longer desirable in the conduct of the business
of the Issuer and its Subsidiaries taken as a whole and the loss thereof is not disadvantageous in any material respect to the Securityholders. 

SECTION 3.7 CALCULATION OF ORIGINAL ISSUE DISCOUNT The Issuer shall file with the Trustee promptly at the end of each
calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific information relating
to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time. 

SECURITYHOLDER LISTS AND REPORTS BY THE 

ISSUER AND THE TRUSTEE 

SECTION 4.1 ISSUER TO FURNISH TRUSTEE INFORMATION AS TO NAMES AND ADDRESSES OF SECURITYHOLDERS If and so long as the
Trustee shall not be the Registrar for the Securities of any series, the Issuer and any other obligor on the Securities will furnish or cause to be furnished to the Trustee a list in such form as the Trustee may reasonably require of the names and
addresses of the Holders of the Registered Securities of such series pursuant to Section 312 of the Trust Indenture Act: 

  
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 (a) semi-annually not more than 5 days after each record date for the
payment of interest on such Registered Securities, as hereinabove specified, as of such record date and on dates to be determined pursuant to Section 2.3 for non-interest bearing Registered Securities in
each year; and 
 (b) at such other times as the Trustee may reasonably request in writing, within 30 days after receipt by
the Issuer of any such request as of a date not more than 15 days prior to the time such information is furnished. 
 SECTION 4.2
REPORTS BY THE ISSUER The Issuer covenants to file with the Trustee, within 15 days after the Issuer is required to file the same with the Commission, copies of the annual reports and of the information, documents, and other reports that
the Issuer may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act or pursuant to Section 314 of the Trust Indenture Act. 

Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such
shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s compliance with any covenants hereunder (as to which the Trustee is entitled to rely
exclusively on Officers’ Certificates). 
 SECTION 4.3 REPORTS BY THE TRUSTEE 

(a) The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be
required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust Indenture Act, the Trustee shall, within sixty days after each May 15 following the date of
the initial issuance of Securities under this Indenture deliver to Holders a brief report, dated as of such May 15, which complies with the provisions of such Section 313(a). 

(b) A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock
exchange, if any, upon which the Securities are listed, with the Commission and with the Issuer. The Issuer will promptly notify the Trustee in writing when the Securities are listed on any stock exchange and of any delisting thereof. 

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT 

SECTION 5.1 EVENT OF DEFAULT DEFINED, ACCELERATION OF MATURITY; WAIVER OF DEFAULT “Event of Default” with
respect to Securities of any series, wherever used herein, means any one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be
effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 

  
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 (a) default in the payment of any installment of interest upon any of the
Securities of such series as and when the same shall become due and payable, and continuance of such default for a period of 30 days; provided that, a valid extension of an interest payment period by the Issuer in accordance with the terms of such
Securities shall not constitute a failure to pay interest; or 
 (b) default in the payment of all or any part of the
principal or premium (if any) on any of the Securities of such series as and when the same shall become due and payable either at maturity, upon any redemption, by declaration or otherwise; or 

(c) failure on the part of the Issuer duly to observe or perform any other of the covenants or agreements on the part of the
Issuer in the Securities of such series or contained in this Indenture (other than a covenant or agreement included in this Indenture solely for the benefit of a series of Securities other than such series) for a period of [    ]
days after the date on which written notice specifying such failure, stating that such notice is a “Notice of Default” hereunder and demanding that the Issuer remedy the same, shall have been given by registered or certified mail, return
receipt requested, to the Issuer by the Trustee, or to the Issuer and the Trustee by the holders of at least [    ]% in aggregate principal amount of the Outstanding Securities of the series to which such covenant or agreement
relates; or 
 (d) a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the
Issuer in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Issuer for any
substantial part of its property or ordering the winding up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 

(e) the Issuer shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar
official) of the Issuer or for any substantial part of its or their property, or make any general assignment for the benefit of creditors; or 

(f) any other Event of Default provided in the supplemental indenture, Board Resolution or Officers’ Certificate under
which such series of Securities is established. 
 If an Event of Default described in clause (a), (b), (c) or (f) occurs with respect
to a series of Securities and is continuing, then, and in each and every such case, except for any series of Securities the principal of which shall have already become due and payable, either the Trustee or the Holders of not less than
[                ]% in aggregate principal amount of the Securities of each such affected series then Outstanding hereunder (each such series voting as a separate class)
by notice 

  
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in writing to the Issuer (and to the Trustee if given by Securityholders), may declare the entire principal (or, if the Securities of such series are Original Issue Discount Securities, such
portion of the principal amount as may be specified in the terms of such series) of all Securities of such series, and the interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration, the same shall become
immediately due and payable. 
 If an Event of Default described in clause (d) or (e) above occurs and is continuing, then the
principal amount of all the Securities then Outstanding, and the interest accrued thereon, if any, shall become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 

The foregoing provisions are subject to the condition that if, at any time after the principal (or, if the Securities are Original Issue
Discount Securities, such portion of the principal as may be specified in the terms thereof) of the Securities of any series (or of all the Securities, as the case may be) shall have been so declared due and payable, and before any judgment or
decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, 
 (A) the Issuer shall
pay or shall deposit with the Trustee a sum sufficient to pay 
 (i) all matured installments of interest upon all the
Securities of such series (or all the Securities, as the case may be); and 
 (ii) the principal of any and all Securities of
such series (or of all the Securities, as the case may be) which shall have become due otherwise than by acceleration; and 

(iii) interest upon such principal and, to the extent that payment of such interest is enforceable under applicable law, on
overdue installments of interest, at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities of such series (or at the respective rates of interest or Yields to
Maturity of all the Securities, as the case may be) to the date of such payment or deposit; and 
 (iv) all amounts payable
to the Trustee pursuant to Section 6.6; and 
 (B) all Events of Default under the Indenture, other than the non-payment of the principal of Securities which shall have become due by acceleration, shall have been cured, waived or otherwise remedied as provided herein, 

then and in every such case the Holders of a majority in aggregate principal amount of all the Securities of such series voting as a separate class (or of all
the Securities, as the case may be, voting as a single class), then Outstanding, by written notice to the Issuer and to the Trustee, may waive all defaults with respect to such series (or with respect to all the Securities, as the case may be) and
rescind and annul such declaration and its consequences, but no such waiver or rescission and annulment shall extend to or shall affect any subsequent default or shall impair any right consequent thereon. 

  
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 For all purposes under this Indenture, if a portion of the principal of any Original Issue
Discount Securities shall have been accelerated and declared due and payable pursuant to the provisions hereof, then, from and after such declaration, unless such declaration has been rescinded and annulled, the principal amount of such Original
Issue Discount Securities shall be deemed, for all purposes hereunder, to be such portion of the principal thereof as shall be due and payable as a result of such acceleration, and payment of such portion of the principal thereof as shall be due and
payable as a result of such acceleration, together with interest, if any, thereon and all other amounts owing thereunder, shall constitute payment in full of such Original Issue Discount Securities. 

SECTION 5.2 COLLECTION OF INDEBTEDNESS BY TRUSTEE; TRUSTEE MAY PROVE DEBT The Issuer covenants that (a) in case
default shall be made in the payment of any installment of interest on any of the Securities of any series when such interest shall have become due and payable, and such default shall have continued for a period of 30 days, or (b) in case
default shall be made in the payment of all or any part of the principal of any of the Securities of any series when the same shall have become due and payable, whether upon maturity of the Securities of such series or upon any redemption or by
declaration or otherwise, then upon demand of the Trustee, the Issuer will pay to the Trustee for the benefit of the Holders of the Securities of such series the whole amount that then shall have become due and payable on all Securities of such
series, for principal and interest, as the case may be (with interest to the date of such payment upon the overdue principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest at
the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities of such series); and in addition thereto, such further amount as shall be sufficient to cover the costs and
expenses of collection, and such other amount due the Trustee under Section 6.6 in respect of Securities of such series. 
 Until such
demand is made by the Trustee, the Issuer may pay the principal of and interest on the Securities of any series to the registered Holders, whether or not the Securities of such series be overdue. 

In case the Issuer shall fail forthwith to pay such amounts upon such demand, the Trustee, in its own name as trustee of an express trust,
shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such
judgment or final decree against the Issuer or other obligor upon the Securities and collect in the manner provided by law out of the property of the Issuer or other obligor upon the Securities, wherever situated, all the moneys adjudged or decreed
to be payable. 
 In case there shall be pending proceedings relative to the Issuer or any other obligor upon the Securities under Title 11
of the United States Code or any other applicable Federal or state bankruptcy, insolvency or other similar law, or in case a receiver, assignee or trustee in bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been
appointed for or taken possession of the Issuer or its property or such other obligor, or in case of any other comparable judicial proceedings relative to the Issuer or other obligor upon the Securities, or to the creditors or property of the Issuer
or such other obligor, the Trustee, irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand pursuant
to the provisions of this Section, shall be entitled and empowered, by intervention in such proceedings or otherwise: 

  
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 (a) to file and prove a claim or claims for the whole amount of principal
and interest (or, if the Securities of any series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of such series) owing and unpaid in respect of the Securities of any series, and to file
such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for amounts payable to the Trustee under Section 6.6) and of the Securityholders allowed in any judicial proceedings
relative to the Issuer or other obligor upon the Securities, or to the creditors or property of the Issuer or such other obligor; and 

(b) unless prohibited by applicable law and regulations, to vote on behalf of the holders of the Securities of any series in
any election of a receiver, assignee, trustee or a standby trustee in arrangement, reorganization, liquidation or other bankruptcy or insolvency proceedings, custodian or other person performing similar functions in respect of any such proceedings;
and 
 (c) to collect and receive any moneys or other property payable or deliverable on any such claims, and to distribute
all amounts received with respect to the claims of the Securityholders and of the Trustee on their behalf; and any trustee, receiver, or liquidator, custodian or other similar official performing similar functions in respect of any such proceedings
is hereby authorized by each of the Securityholders to make payments to the Trustee, and, in the event that the Trustee shall consent to the making of payments directly to the Securityholders, to pay to the Trustee its costs and expenses of
collection and all other amounts due to it pursuant to Section 6.6. 
 Nothing herein contained shall be deemed to authorize the
Trustee to authorize or consent to or vote for or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of any series or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any Securityholder in any such proceeding, except as aforesaid in clause (b). 

All rights of action and of asserting claims under this Indenture, or under any of the Securities of any series, may be enforced by the
Trustee without the possession of any of the Securities of such series or the production thereof in any trial or other proceedings relative thereto, and any such action or proceedings instituted by the Trustee shall be brought in its own name as
trustee of an express trust, and any recovery of judgment shall be awarded to the Trustee for ratable distribution to the Holders of the Securities in respect of which such action was taken, after payment of all sums due to the Trustee under
Section 6.6 in respect of such Securities. 
 In any proceedings brought by the Trustee (and also any proceedings involving the
interpretation of any provision of this Indenture to which the Trustee shall be a party) the Trustee shall be held to represent all the Holders of the Securities in respect to which such action was taken, and it shall not be necessary to make any
Holders of such Securities parties to any such proceedings. 

  
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 SECTION 5.3 APPLICATION OF PROCEEDS Any moneys collected by the Trustee
pursuant to this Article in respect of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal or interest, upon presentation of the several
Securities in respect of which monies have been collected and stamping (or otherwise noting) thereon the payment, or issuing Securities of such series in reduced principal amounts in exchange for the presented Securities of like series if only
partially paid, or upon surrender thereof if fully paid: 
 FIRST: To the payment of costs and expenses applicable to such
series of Securities in respect of which monies have been collected, including all amounts due to the Trustee and each predecessor Trustee pursuant to this Indenture in respect to such series of Securities; 

SECOND: If the Securities of such series are Subordinated Securities, to the payment of amounts then due and unpaid to the
holders of Senior Indebtedness with respect to such series, to the extent required pursuant to the Subordination Provisions established with respect to the Securities of such series pursuant to Section 2.3(9). 

THIRD: In case the principal of the Securities of such series in respect of which moneys have been collected shall not have
become and be then due and payable, to the payment of interest on the Securities of such series in default in the order of the maturity of the installments on such interest, with interest (to the extent that such interest has been collected by the
Trustee and is permitted by applicable law) upon the overdue installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in such Securities, such payments to be
made ratably to the persons entitled thereto, without discrimination or preference; 
 FOURTH: In case the principal of the
Securities of such series in respect of which moneys have been collected shall have become and shall be then due and payable, to the payment of the whole amount then owing and unpaid upon all the Securities of such series for principal and interest,
with interest upon the overdue principal, and (to the extent that such interest has been collected by the Trustee and is permitted by applicable law) upon the overdue installations of interest at the same rate as the rate of interest or Yield to
Maturity (in the case of Original Issue Discount Securities) specified in the Securities of such series; and in case such moneys shall be insufficient to pay in full the whole amount so due and unpaid upon the Securities of such series, then to the
payment of such principal and interest or Yield to Maturity, without preference or priority of principal over interest or Yield to Maturity, or of interest or Yield to Maturity over principal, or of any installment of interest over any other
installment of interest or of any Security of such series over any other Security of such series, ratably to the aggregate of such principal and accrued and unpaid interest or Yield to Maturity; and 

FIFTH: To the payment of the remainder, if any, to the Issuer or to such party as a court of competent jurisdiction shall
direct. 

  
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 SECTION 5.4 SUITS FOR ENFORCEMENT In case an Event of Default has
occurred, has not been waived and is continuing, the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect
and enforce any of such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture
or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law. 
 SECTION 5.5
RESTORATION OF RIGHTS ON ABANDONMENT OF PROCEEDINGS In case the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined
adversely to the Trustee, then and in every such case the Issuer and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Issuer, the Trustee and the Securityholders
shall continue as though no such proceedings had been taken. 
 SECTION 5.6 LIMITATIONS ON SUITS BY SECURITY HOLDERS No
Holder of any Security of any series shall have any right by virtue or by availing of any provision of this Indenture to institute any action or proceeding at law or in equity or in bankruptcy or otherwise upon or under or with respect to this
Indenture or such Security, or for the appointment of a trustee, receiver, liquidator, custodian or other similar official or for any other remedy hereunder or thereunder, unless (a) an Event of Default has occurred and is continuing and such
Holder previously shall have given to a Responsible Officer of the Trustee written notice of an Event of Default with respect to Securities of such series and of the continuance thereof, as hereinbefore provided, and (b) the Holders of not less
than [     ]% in aggregate principal amount of the Securities of such affected series then Outstanding (treated as a single class) shall have made written request upon the Trustee to institute such action or proceedings in its
own name as Trustee hereunder and shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities to be incurred therein or thereby, and (c) the Trustee for
[     ] days after its receipt of such notice, request and offer of indemnity shall have failed to institute any such action or proceeding, and (d) no direction inconsistent with such written request shall have been given to
the Trustee pursuant to Section 5.9; it being understood and intended, and being expressly covenanted by the taker and Holder of every Security with every other taker and Holder and the Trustee, that no one or more Holders of Securities of any
series shall have any right in any manner whatever by virtue or by availing of any provision of this Indenture or any Security to affect, disturb or prejudice the rights of any other such taker or Holder of Securities, or to obtain or seek to obtain
priority over or preference to any other such taker or Holder or to enforce any right under this Indenture or any Security, except in the manner herein provided and for the equal, ratable and common benefit of all Holders of Securities of the
applicable series. For the protection and enforcement of the provisions of this Section, each and every Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 

  
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 SECTION 5.7 UNCONDITIONAL RIGHT OF SECURITYHOLDERS TO INSTITUTE CERTAIN
SUITS Notwithstanding any other provision in this Indenture and any provision of any Security, the right of any Holder of any Security to receive payment of the principal of and interest on such Security on or after the respective due dates
expressed in such Security or the applicable redemption dates provided for in such Security, or to institute suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of
such Holder. 
 SECTION 5.8 POWERS AND REMEDIES CUMULATIVE; DELAY OR OMISSION NOT WAIVER OF DEFAULT Except as provided
in Section 5.6, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of Securities is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy. 
 No delay or omission of the Trustee or of any Holder of Securities to
exercise any right or power accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Event of Default or an acquiescence therein. Every power and
remedy given by this Indenture, any Security or law to the Trustee or to the Holders of Securities may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or, subject to Section 5.6, by the Holders of
Securities. 
 SECTION 5.9 CONTROL BY HOLDERS OF SECURITIES The Holders of a majority in aggregate principal amount of
the Securities of each series affected (with each such series voting as a separate class) at the time Outstanding shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred on the Trustee with respect to the Securities of such series by this Indenture; provided, that such direction shall not be otherwise than in accordance with law and the provisions of this Indenture; and
provided, further, that (subject to the provisions of Section 6.1) the Trustee shall have the right to decline to follow any such direction if (a) the Trustee, being advised by counsel, shall determine that the action or proceeding so
directed may not lawfully be taken; or (b) if the Trustee shall determine in good faith that the action or proceedings so directed would involve the Trustee in personal liability; or (c) if the Trustee in good faith shall so determine that
the actions or forbearances specified in or pursuant to such direction would be unduly prejudicial to the interests of Holders of the Securities of all affected series not joining in the giving of said direction, it being understood that (subject to
Section 6.1) the Trustee shall have no duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders. 

Nothing in this Indenture shall impair the right of the Trustee in its discretion to take any action deemed proper by the Trustee and which is
not inconsistent with such direction or directions by Securityholders. 
 SECTION 5.10 WAIVER OF PAST DEFAULTS Prior to
the declaration of acceleration of the maturity of the Securities of any series as provided in Section 5.1, the Holders of a majority in aggregate principal amount of the Securities of such series at the time Outstanding (voting as a single
class) may on behalf of the Holders of all such Securities waive any past default or Event of Default described in Section 5.1 and its consequences, except a default in respect of a 

  
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covenant or provision hereof which cannot be modified or amended without the consent of the Holder of each Security affected. In the case of any such waiver, the Issuer, the Trustee and the
Holders of all such Securities shall be restored to their former positions and rights hereunder, respectively, and such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of
this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

SECTION 5.11 TRUSTEE TO GIVE NOTICE OF DEFAULT, BUT MAY WITHHOLD IN CERTAIN CIRCUMSTANCES The Trustee shall, within
ninety (90) days after the occurrence of a default with respect to the Securities of any series, give written notice of all defaults with respect to that series known to a Responsible Officer to all Holders of Securities of such series in the
manner and to the extent provided in Section 313(c) of the Trust Indenture Act, unless such defaults shall have been cured before the sending of such notice (the term “default” for the purpose of this Section being hereby defined to
mean any event or condition which is, or with notice or lapse of time or both would become, an Event of Default); provided, that, except in the case of default in the payment of the principal of or interest on any of the Securities of such series
the Trustee shall be protected in withholding such notice if and so long as it in good faith determines that the withholding of such notice is in the interests of the Securityholders of such series. 

SECTION 5.12 RIGHT OF COURT TO REQUIRE FILING OF UNDERTAKING TO PAY COSTS All parties to this Indenture agree, and each
Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any
action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable
attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit
instituted by the Trustee, to any suit instituted by any Securityholder or group of Securityholders of any series holding in the aggregate more than 10% in aggregate principal amount of the Securities of such series, or, in the case of any suit
relating to or arising under clause (c) or (f) of Section 5.1 (if the suit relates to Securities of more than one but less than all series), 10% in aggregate principal amount of Securities then Outstanding and affected thereby, or in the
case of any suit relating to or arising under clause (c) or (f) (if the suit under clause (c) or (f) relates to all the Securities then Outstanding), or (d) or (e) of Section 5.1, 10% in aggregate principal amount of all
Securities then Outstanding, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of or interest on any Security on or after the due date expressed in such Security or any date fixed for redemption.

  
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 CONCERNING THE TRUSTEE 

SECTION 6.1 DUTIES AND RESPONSIBILITIES OF THE TRUSTEE; DURING DEFAULT; PRIOR TO DEFAULT Prior to the occurrence of an
Event of Default with respect to the Securities of a particular series and after the curing or waiving of all Events of Default which may have occurred with respect to such series, the Trustee undertakes to perform such duties and only such duties
as are specifically set forth in this Indenture with respect to such series of Securities. In case an Event of Default with respect to the Securities of a series has occurred and has not been cured or waived and is known to a Responsible Officer,
the Trustee shall exercise with respect to such series of Securities such of the rights and powers vested in it by this Indenture with respect to such series of Securities, and use the same degree of care and skill in their exercise, as a prudent
person would exercise or use under the circumstances in the conduct of his or her own affairs. 
 No provision of this Indenture shall be
construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that 

(a) prior to the occurrence of an Event of Default known to a Responsible Officer with respect to the Securities of any series
and after the curing or waiving of all such Events of Default with respect to such series which may have occurred: 
 (i) the
duties and obligations of the Trustee with respect to the Securities of any series shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable except for the performance of such duties and obligations
as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(ii) in the absence of negligence and willful misconduct on the part of the Trustee, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed therein, upon any statements, certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such statements,
certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture
(but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein); 
 (b) the
Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(c) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders pursuant to Section 5.9 relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this
Indenture. 
 None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise
incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there shall be reasonable ground for believing that the repayment of such funds or adequate indemnity against such
liability is not reasonably assured to it. 

  
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 The provisions of this Section 6.1 are in furtherance of and subject to
Section 315 of the Trust Indenture Act. 
 SECTION 6.2 CERTAIN RIGHTS OF THE TRUSTEE In furtherance of and subject
to the Trust Indenture Act, and subject to Section 6.1: 
 (a) the Trustee may conclusively rely and shall be fully
protected in acting or refraining from acting upon any resolution, Officers’ Certificate or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note, coupon, security or other paper
or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 
 (b) any
request, direction, order or demand of the Issuer mentioned herein shall be sufficiently evidenced by an Officers’ Certificate or Issuer Order (unless other evidence in respect thereof is specifically prescribed herein or in the terms
established in respect of any series); and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof certified by the secretary or an assistant secretary of the Issuer; 

(c) the Trustee may consult with counsel of its selection, and any advice or any Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith and in reliance thereon in accordance with such advice or Opinion of Counsel; 

(d) the Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this Indenture at the
request, order or direction of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the costs, expenses and
liabilities which might be incurred therein or thereby; 
 (e) the Trustee shall not be liable for any action taken or
omitted by it in good faith and believed by it to be authorized or within the discretion, rights or powers conferred upon it by this Indenture; 

(f) prior to the occurrence of an Event of Default hereunder and after the curing or waiving of all Events of Default, the
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, appraisal, bond, debenture, note, coupon,
security, or other paper or document unless (i) requested in writing so to do by the Holders of not less than a majority in aggregate principal amount of the Securities of all series affected then Outstanding (treated as one class) or
(ii) otherwise provided in the terms of any series of Securities pursuant to Section 2.3; provided, that, if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the
making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require security or indemnity reasonably satisfactory to it against
such expenses or liabilities as a condition to proceeding; the reasonable expenses of every such investigation shall be paid by the Issuer or, if paid by the Trustee or any predecessor trustee, shall be repaid by the Issuer upon demand; 

  
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 (g) the Trustee may execute any of the trusts or powers hereunder or perform
any duties hereunder either directly or by or through agents or attorneys not regularly in its employ and the Trustee shall not be responsible for any negligence or willful misconduct on the part of any such agent or attorney appointed with due care
by it hereunder; 
 (h) the Trustee shall not be deemed to have notice of any Event of Default unless a Responsible Officer
of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact an Event of Default is received by the Trustee at the Corporate Trust Office and such notice references the Securities, the Issuer or this Indenture;

 (i) the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its
right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder; 

(j) the Trustee may request that the Issuer deliver a certificate setting forth the names of individuals and/or titles of
officers authorized at such time to take specified actions pursuant to this Indenture, which certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in any such
certificate previously delivered and not superseded; 
 (k) in no event shall the Trustee be responsible or liable for
special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the
form of action; 
 (l) the Trustee shall not be required to give any bond or surety in respect of the performance of its
powers and duties hereunder; 
 (m) the Trustee shall not have any duty to calculate or verify any calculations; and 

(n) the permissive rights or powers of the Trustee to take or refrain from taking any actions enumerated in this Indenture
shall not be construed as a duty of the Trustee. 
 SECTION 6.3 TRUSTEE NOT RESPONSIBLE FOR RECITALS, DISPOSITION OF
SECURITIES OR APPLICATION OF PROCEEDS THEREOF The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the Issuer, and the Trustee assumes no
responsibility for the correctness of the same. The Trustee makes no representation as to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be accountable for the use or application by the Issuer of any of the
Securities or of the proceeds thereof. 

  
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 SECTION 6.4 TRUSTEE AND AGENTS MAY HOLD SECURITIES; COLLECTIONS, ETC.
The Trustee or any agent of the Issuer or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not the Trustee or such agent and may otherwise deal with
the Issuer and receive, collect, hold and retain collections from the Issuer with the same rights it would have if it were not the Trustee or such agent. 

SECTION 6.5 MONEYS HELD BY TRUSTEE Subject to the provisions of Section 10.4 hereof, all moneys received by the
Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Trustee
nor any agent of the Issuer or the Trustee shall be under any liability for interest on any moneys received by it hereunder. 

SECTION 6.6 COMPENSATION AND INDEMNIFICATION OF TRUSTEE AND ITS PRIOR CLAIM The Issuer covenants and agrees to pay to the
Trustee from time to time, and the Trustee shall be entitled to, such compensation as the Issuer and the Trustee shall agree in writing (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express
trust), and the Issuer covenants and agrees to pay or reimburse the Trustee and each predecessor trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by or on behalf of it in accordance with any of the
provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all agents and other persons not regularly in its employ) except any such expense, disbursement or advance as may arise from
its own negligence or willful misconduct. The Issuer also covenants to indemnify each of the Trustee or any predecessor Trustee and their agents for, and to hold them harmless against, any and all loss, damage, claims, liability or expense,
including taxes (other than taxes based upon, measured by or determined by the income of the Trustee), arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of
defending itself against any claim (whether asserted by the Issuer, or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, or in connection with enforcing the
provisions of this Section, except to the extent that such loss, damage, claim, liability or expense is determined to have been caused by its own negligence or willful misconduct. When the Trustee incurs expenses or renders services in connection
with an Event of Default specified in Section 5.1(d) or Section 5.1(e), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration
under any applicable bankruptcy, insolvency or other similar law. The obligations of the Issuer under this Section to compensate and indemnify the Trustee and each predecessor trustee and to pay or reimburse the Trustee and each predecessor trustee
for expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee. Such additional indebtedness shall be a
senior claim to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the Holders of particular Securities, and the Securities are hereby subordinated to such
senior claim. 

  
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 SECTION 6.7 RIGHT OF TRUSTEE TO RELY ON OFFICERS’ CERTIFICATE,
ETC. Subject to Sections 6.1 and 6.2, whenever in the administration of the trusts of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting any action
hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or willful misconduct on the part of the Trustee, be deemed to be conclusively proved and established by an
Officers’ Certificate delivered to the Trustee, and such certificate, in the absence of negligence or willful misconduct on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the
provisions of this Indenture upon the faith thereof. 
 SECTION 6.8 INDENTURES NOT CREATING POTENTIAL CONFLICTING INTERESTS
FOR THE TRUSTEE The following indentures are hereby specifically described for the purposes of Section 310(b)(1) of the Trust Indenture Act: this Indenture with respect to series of Securities that are of an equal priority. 

SECTION 6.9 QUALIFICATION OF TRUSTEE: CONFLICTING INTERESTS The Trustee shall comply with Section 310(b) of the Trust Indenture
Act. 
 SECTION 6.10 PERSONS ELIGIBLE FOR APPOINTMENT AS TRUSTEE The Trustee for each series of Securities hereunder
shall at all times be a corporation or banking association organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, having a combined capital and surplus of at least $50,000,000, and
which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal, state or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant
to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in
Section 6.11. 
 The provisions of this Section 6.10 are in furtherance of and subject to Section 310(a) of the Trust
Indenture Act. 
 SECTION 6.11 RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR TRUSTEE (a) The Trustee, or any
trustee or trustees hereafter appointed, may at any time resign with respect to one or more or all series of Securities by giving written notice of resignation to the Issuer and by sending notice of such resignation to the Holders of then
Outstanding Registered Securities of each series affected in accordance with Applicable Procedures. Upon receiving such notice of resignation, the Issuer shall promptly appoint a successor trustee or trustees with respect to the applicable series by
written instrument in duplicate, executed by authority of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee or trustees. If no successor trustee shall

  
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have been so appointed with respect to any series and have accepted appointment within 30 days after the sending of such notice of resignation, the resigning trustee may petition any court of
competent jurisdiction at the expense of the Issuer for the appointment of a successor trustee, or any Securityholder who has been a bona fide Holder of a Security or Securities of the applicable series for at least six months may, subject to the
provisions of Section 5.12, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe,
appoint a successor trustee. 
 (b) In case at any time any of the following shall occur: 

(i) the Trustee shall fail to comply with the provisions of Section 310(b) of the Trust Indenture Act with respect to any
series of Securities after written request therefor by the Issuer or by any Securityholder; or 
 (ii) the Trustee shall
cease to be eligible in accordance with the provisions of Section 6.10 and Section 310(a) of the Trust Indenture Act and shall fail to resign after written request therefor by the Issuer or by any Securityholder who has been a bona fide
Holder of a Security or Securities of such series for at least six months; or 
 (iii) the Trustee shall become incapable of
acting with respect to any series of Securities, or shall be adjudged bankrupt or insolvent, or a receiver or liquidator of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of
its property or affairs for the purpose of rehabilitation, conservation or liquidation; 
 then, in any such case, the Issuer may remove the Trustee with
respect to the applicable series of Securities and appoint a successor trustee for such series by written instrument, in duplicate, executed by order of the Board of Directors of the Issuer, one copy of which instrument shall be delivered to the
Trustee so removed and one copy to the successor trustee, or, subject to the provisions of Section 315(e) of the Trust Indenture Act, any Securityholder who has been a bona fide Holder of a Security or Securities of such series for at least six
months may on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee with respect to such series. Such court may thereupon, after
such notice, if any, as it may deem proper and so prescribe, remove the Trustee and appoint a successor trustee. 
 (c) The
Holders of a majority in aggregate principal amount of the Securities of each series at the time outstanding may at any time remove the Trustee with respect to Securities of such series and appoint a successor trustee with respect to the Securities
of such series by delivering to the Trustee so removed, to the successor trustee so appointed and to the Issuer the evidence provided for in Section 7.1 of the action in that regard taken by the Securityholders by notice in writing not less
than 30 days prior to the effective date of such removal. 

  
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 (d) Any resignation or removal of the Trustee with respect to any series and
any appointment of a successor trustee with respect to such series pursuant to any of the provisions of this Section 6.11 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 6.12. 

SECTION 6.12 ACCEPTANCE OF APPOINTMENT BY SUCCESSOR TRUSTEE Any successor trustee appointed as provided in
Section 6.11 shall execute and deliver to the Issuer and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable
series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as
if originally named as trustee for such series hereunder; but, nevertheless, on the written request of the Issuer or of the successor trustee, upon payment of its charges then unpaid, the trustee ceasing to act shall, subject to Section 10.4,
pay over to the successor trustee all moneys at the time held by it hereunder and shall execute and deliver an instrument transferring to such successor trustee all such rights, powers, duties and obligations. Upon request of any such successor
trustee, the Issuer shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights and powers. Any trustee ceasing to act shall, nevertheless, retain a prior claim
upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 6.6. 

If a successor trustee is appointed with respect to the Securities of one or more (but not all) series, the Issuer, the predecessor trustee
and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the
rights, powers, trusts and duties of the predecessor trustee with respect to the Securities of any series as to which the predecessor trustee is not retiring shall continue to be vested in the predecessor trustee, and shall add to or change any of
the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such
trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts under separate indentures. 

No successor trustee with respect to any series of Securities shall accept appointment as provided in this Section 6.12 unless at the
time of such acceptance such successor trustee shall be qualified under Section 310(b) of the Trust Indenture Act and eligible under the provisions of Section 6.10. 

Upon acceptance of appointment by any successor trustee as provided in this Section 6.12, the Issuer shall give notice thereof to the
Holders by sending such notice to such Holders in accordance with Applicable Procedures. If the acceptance of appointment is substantially contemporaneous with the resignation, then the notice called for by the preceding sentence may be combined
with the notice called for by Section 6.11. If the Issuer fails to give such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be given at the expense of the
Issuer. The resigning Trustee shall have no responsibility or liability for any action or inaction of a successor Trustee. 

  
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 SECTION 6.13 MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS OF
TRUSTEE Any corporation or banking association into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation or banking association resulting from any merger, conversion or consolidation to which the
Trustee shall be a party, or any corporation or banking association succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided, that such corporation or banking
association shall be qualified under Section 310(b) of the Trust Indenture Act and eligible under the provisions of Section 6.10, without the execution or filing of any paper or any further act on the part of any of the parties hereto,
anything herein to the contrary notwithstanding. 
 In case at the time such successor to the Trustee shall succeed to the trusts created by
this Indenture any of the Securities of any series shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee and deliver such Securities so
authenticated; and, in case at that time any of the Securities of any series shall not have been authenticated, any such successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the
successor Trustee; and in all such cases such certificate of authentication shall have the full force which under this Indenture or the Securities of such series it is provided that the certificate of authentication of the Trustee shall have;
provided, that the right to adopt the certificate of authentication of any predecessor trustee or to authenticate Securities of any series in the name of any predecessor trustee shall apply only to its successor or successors by merger, conversion
or consolidation. 
 SECTION 6.14 PREFERENTIAL COLLECTION OF CLAIMS AGAINST THE ISSUER The Trustee shall comply with
Section 311(a) of the Trust Indenture Act, excluding any creditor relationship listed in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture
Act to the extent indicated. 
 SECTION 6.15 APPOINTMENT OF AUTHENTICATING AGENT As long as any Securities of a series
remain Outstanding, the Trustee may, by an instrument in writing, appoint with the approval of the Issuer an authenticating agent (the “Authenticating Agent”) which shall be authorized to act on behalf of the Trustee to authenticate
Securities, including Securities issued upon exchange, registration of transfer, partial redemption or pursuant to Section 2.9. Securities of each such series authenticated by such Authenticating Agent shall be entitled to the benefits of this
Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee. Whenever reference is made in this Indenture to the authentication and delivery of Securities of any series by the Trustee or to the Trustee’s
Certificate of Authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent for such series and a Certificate of Authentication executed on behalf of the Trustee by such
Authenticating Agent. Such Authenticating Agent shall at all times be a corporation organized and doing business under the laws of the United States of America or of any State, authorized under such laws to exercise corporate trust powers, having a
combined capital and surplus of at least $45,000,000 (determined as provided in Section 6.10 with respect to the Trustee) and subject to supervision or examination by Federal or state authority. 

  
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 Any corporation into which any Authenticating Agent may be merged or converted, or with
which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which any Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency business of any Authenticating Agent,
shall continue to be the Authenticating Agent with respect to all series of Securities for which it served as Authenticating Agent without the execution or filing of any paper or any further act on the part of the Trustee or such Authenticating
Agent. Any Authenticating Agent may at any time, and if it shall cease to be eligible shall, resign by giving written notice of resignation to the Trustee and to the Issuer. 

Upon receiving such a notice of resignation or upon such a termination, or in case at any time any Authenticating Agent shall cease to be
eligible in accordance with the provisions of this Section 6.15 with respect to one or more series of Securities, the Trustee shall upon receipt of an Issuer Order appoint a successor Authenticating Agent, and the Issuer shall provide notice of
such appointment to all Holders of Securities of such series in the manner and to the extent provided in Section 11.4. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all rights, powers,
duties and responsibilities of its predecessor hereunder, with like effect as if originally named as Authenticating Agent. The Issuer agrees to pay to the Authenticating Agent for such series from time to time reasonable compensation. The
Authenticating Agent for the Securities of any series shall have no responsibility or liability for any action taken by it as such at the direction of the Trustee. 

Sections 6.2, 6.3, 6.4, 6.6 and 7.3 shall be applicable to any Authenticating Agent. 

CONCERNING THE SECURITYHOLDERS 

SECTION 7.1 EVIDENCE OF ACTION TAKEN BY SECURITYHOLDERS Any request, demand, authorization, direction, notice, consent,
waiver or other action provided by this Indenture to be given or taken by a specified percentage in principal amount of the Securityholders of any or all series may be embodied in and evidenced by one or more instruments of substantially similar
tenor signed by such specified percentage of Securityholders in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to
the Trustee. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Sections 6.1 and 6.2) conclusive in favor of the Trustee and the Issuer, if made in the
manner provided in this Article. 
 SECTION 7.2 PROOF OF EXECUTION OF INSTRUMENTS AND OF HOLDING OF SECURITIES Subject
to Sections 6.1 and 6.2, the execution of any instrument by a Securityholder or his agent or proxy may be proved in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be reasonably
satisfactory to the Trustee. The holding of Registered Securities shall be proved by the Security register or by a certificate of the Registrar thereof. 

  
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 SECTION 7.3 HOLDERS TO BE TREATED AS OWNERS The Issuer, the Trustee and
any agent of the Issuer or the Trustee shall deem and treat the person in whose name any Security shall be registered upon the Security register and books of the Registrar for such series as the absolute owner of such Security (whether or not such
Security shall be overdue and notwithstanding any notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the principal of and, subject to the provisions of this Indenture, interest on such Security
and for all other purposes; and neither the Issuer nor the Trustee nor any agent of the Issuer or the Trustee shall be affected by any notice to the contrary. 

SECTION 7.4 SECURITIES OWNED BY ISSUER DEEMED NOT OUTSTANDING In determining whether the Holders of the requisite
aggregate principal amount of Outstanding Securities of any or all series have concurred in any request, demand, authorization, direction, notice, consent, waiver or other action by Securityholders under this Indenture, Securities which are owned by
the Issuer or any other obligor on the Securities with respect to which such determination is being made or by any person directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuer or any other
obligor on the Securities with respect to which such determination is being made shall be disregarded and deemed not to be Outstanding for the purpose of any such determination, except that for the purpose of determining whether the Trustee shall be
protected in relying on any such action only Securities which a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the
pledgee establishes to the reasonable satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Issuer or any other obligor upon the Securities or any person directly or indirectly
controlling or controlled by or under direct or indirect common control with the Issuer or any other obligor on the Securities. In case of a dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by
the Trustee in accordance with such advice. Upon request of the Trustee, the Issuer shall furnish to the Trustee promptly an Officers’ Certificate listing and identifying all Securities, if any, known by the Issuer to be owned or held by or for
the account of any of the above-described persons; and, subject to Sections 6.1 and 6.2, the Trustee shall be entitled to accept such Officers’ Certificate as conclusive evidence of the facts therein set forth and of the fact that all
Securities not listed therein are Outstanding for the purpose of any such determination. 
 SECTION 7.5 RIGHT OF REVOCATION
OF ACTION TAKEN At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 7.1, of the taking of any action by the Holders of the percentage in aggregate principal amount of the Securities of any or all
series, as the case may be, specified in this Indenture in connection with such action, any Holder of a Security the serial number of which is shown by the evidence to be included among the serial numbers of the Securities the Holders of which have
consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of holding as provided in this Article, revoke such action so far as concerns such Security. Except as aforesaid, any such action taken by the Holder
of any Security shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Security and of any Securities issued in exchange or substitution therefor or on registration of transfer thereof, irrespective of
whether or not any notation in regard thereto is made upon any such Security. Any action taken by the Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified in this Indenture in
connection with such action shall be conclusively binding upon the Issuer, the Trustee and the Holders of all the Securities affected by such action. 

  
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 SUPPLEMENTAL INDENTURES 

SECTION 8.1 SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF SECURITYHOLDERS The Issuer, when authorized by a Board Resolution
(which resolution may provide general terms or parameters for such action and may provide that the specific terms of such action may be determined in accordance with or pursuant to an Issuer Order), and the Trustee may from time to time and at any
time enter into an indenture or indentures supplemental hereto for one or more of the following purposes: 
 (a) to convey,
transfer, assign, mortgage or pledge to the Trustee as security for the Securities of one or more series any property or assets; 

(b) to evidence the succession of another corporation to the Issuer, or successive successions, and the assumption by the
successor corporation of the covenants, agreements and obligations of the Issuer pursuant to Article IX; 
 (c) to add to the
covenants of the Issuer such further covenants, restrictions, conditions or provisions as the Issuer and the Trustee shall consider to be for the protection of the Holders of Securities , and to make the occurrence, or the occurrence and
continuance, of a default in any such additional covenants, restrictions, conditions or provisions an Event of Default permitting the enforcement of all or any of the several remedies provided in this Indenture as herein set forth; provided, that in
respect of any such additional covenant, restriction, condition or provision such supplemental indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in the case of other
defaults) or may provide for an immediate enforcement upon such an Event of Default or may limit the remedies available to the Trustee upon such an Event of Default or may limit the right of the Holders of a majority in aggregate principal amount of
the Securities of such series to waive such an Event of Default; 
 (d) to add any additional Events of Default for the
benefit of the Holders of all or any series of Securities (and if such additional Events of Default are to be for the benefit of less than all series of Securities, stating that such additional Events of Default are expressly being included solely
for the benefit of such series); 
 (e) to add one or more guarantees for the benefit of Holders of the Securities; 

(f) subject to any limitations established pursuant to Section 2.3, to provide for the issuance of additional Securities
of any series; 
 (g) to comply with the rules of any applicable Depositary; 

(h) to add to or change any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate
the issuance of Securities in uncertificated form; 

  
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 (i) to add to, change or eliminate any of the provisions of this Indenture
in respect of one or more series of Securities; provided that any such addition, change or elimination (A) shall neither (i) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to
the benefit of such provision nor (ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no Security described in clause (A)(i) Outstanding; 

(j) to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the
defeasance and discharge of any series of Securities pursuant to Section 10.1; provided that any such action shall not adversely affect the interests of the Holders of Securities of such series or any other series of Securities in any material
respect; 
 (k) to comply with the rules or regulations of any securities exchange or automated quotation system on which any
of the Securities may be listed or traded; 
 (l) to add to, change or eliminate any of the provisions of this Indenture as
shall be necessary or desirable in accordance with any amendments to the Trust Indenture Act, provided that such action does not adversely affect the rights or interests of the Holders of Securities of any series in any material respect; 

(m) to cure any ambiguity, defect, omission or inconsistency or to correct or supplement any provision contained herein or in
any supplemental indenture which may be ambiguous, defective or inconsistent with any other provision contained herein or in any supplemental indenture, or to make any other provisions as the Issuer may deem necessary or desirable, provided, that no
such action shall adversely affect the interests of the Holders of Securities of any series in any material respect; 
 (n)
to establish the forms or terms of Securities of any series as permitted by Sections 2.1 and 2.3; 
 (o) to evidence and
provide for the acceptance of appointment hereunder by a successor trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one trustee, pursuant to the requirements of Section 6.12; and 

(p) to add to, change or eliminate any other provision under this Indenture; provided that such addition, change or elimination
pursuant to this clause (p) shall not adversely affect the interests of the Holders of Securities of any series in any material respect. 

The Trustee is hereby authorized to join with the Issuer in the execution of any such supplemental indenture, to make any further appropriate
agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but the Trustee shall not be obligated to enter into any such supplemental indenture which
adversely affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

  
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 Any supplemental indenture authorized by the provisions of this Section may be executed
without the consent of the Holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 8.2. 

SECTION 8.2 SUPPLEMENTAL INDENTURES WITH CONSENT OF SECURITYHOLDERS 

(A) Except as set forth in paragraph (C) below, with the consent (evidenced as provided in Article VII) of the Holders of
not less than a majority in aggregate principal amount of the Securities at the time Outstanding of all series of Senior Securities affected by such supplemental indenture (voting as one class), the Issuer, when authorized by a Board Resolution
(which resolution may provide general terms or parameters for such action and may provide that the specific terms of such action may be determined in accordance with or pursuant to an Issuer Order), and the Trustee may, from time to time and at any
time, enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as in force and effect at the date of execution thereof) for the purpose of adding any provisions to or changing in any
manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the Securities of each such series. 

(B) Except as set forth in paragraph (C) below, with the consent (evidenced as provided in Article VII) of the Holders of
not less than a majority in aggregate principal amount of the Securities at the time Outstanding of all series of Subordinated Securities affected by such supplemental indenture (voting as one class), the Issuer, when authorized by a Board
Resolution (which resolution may provide general terms or parameters for such action and may provide that the specific terms of such action may be determined in accordance with or pursuant to an Issuer Order), and the Trustee may, from time to time
and at any time, enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as in force and effect at the date of execution thereof) for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the Securities of each such series. 

(C) No such supplemental indenture shall (i) extend the final maturity of any Security, or reduce the principal amount
thereof, or premium thereon, if any, or reduce the rate or extend the time of payment of interest thereon, or reduce any amount payable on redemption thereof, or make the principal thereof (including any amount in respect of original issue
discount), or premium thereon, if any, or interest thereon payable in any coin or currency other than that provided in the Securities or in accordance with the terms thereof, or reduce the amount of the principal of an Original Issue Discount
Security that would be due and payable upon an acceleration of the maturity thereof pursuant to Section 5.1 or the amount thereof provable in bankruptcy pursuant to Section 5.2, or in the case of Subordinated Securities of any series,
modify any of the Subordination Provisions or the definition of “Senior Indebtedness” relating to such series in a manner adverse to the holders of such Subordinated Securities, or alter the provisions of Section 11.11 or 11.12 or
impair or affect the right of any Securityholder to institute suit for the payment thereof 

  
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when due or, if the Securities provide therefor, any right of repayment at the option of the Securityholder, or modify any provision of this Section 8.2(C), except to provide that certain
provisions of this Indenture cannot be modified or waived, in each case without the consent of the Holder of each Security so affected, or (ii) reduce the aforesaid percentage of Securities of any series, the consent of the Holders of which is
required for any such supplemental indenture, without the consent of the Holders of each Security so affected. 
 (D) A
supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of Holders of
Securities of such series with respect to such covenant or provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 

Upon the request of the Issuer, accompanied by a copy of a resolution of the Board of Directors (which resolution may provide general terms or
parameters for such action and may provide that the specific terms of such action may be determined in accordance with or pursuant to an Issuer Order) certified by the secretary or an assistant secretary of the Issuer authorizing the execution of
any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of the Holders of the Securities as aforesaid and other documents, if any, required by Section 8.4, the Trustee shall join with the Issuer in the
execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated
to, enter into such supplemental indenture. 
 It shall not be necessary for the consent of the Securityholders under this Section to
approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 

Promptly after the execution by the Issuer and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the
Issuer or, at the Issuer’s written request and expense, the Trustee shall send the Issuer’s notice thereof to the Holders of then Outstanding Registered Securities in accordance with Applicable Procedures. Any failure of the Issuer to give
such notice or cause such notice to be given, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 

SECTION 8.3 EFFECT OF SUPPLEMENTAL INDENTURE Upon the execution of any supplemental indenture pursuant to the provisions
hereof, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Issuer and the Holders of
Securities of each series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall be
and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 
 SECTION 8.4 DOCUMENTS
TO BE GIVEN TO TRUSTEE The Trustee, subject to the provisions of Sections 6.1 and 6.2, shall be provided with an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to
this Article VIII complies with the applicable provisions of this Indenture and is the valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms, subject to customary exceptions. 

  
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 SECTION 8.5 NOTATION ON SECURITIES IN RESPECT OF SUPPLEMENTAL
INDENTURES Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article may bear a notation in form approved by the Trustee for such series as to any matter
provided for by such supplemental indenture or as to any action taken by Securityholders. If the Issuer shall so determine, subject to compliance with Section 2.4, new Securities of any series so modified as to conform to any modification of
this Indenture contained in any such supplemental indenture may be prepared by the Issuer, authenticated by the Trustee and delivered in exchange for the Securities of such series then Outstanding. Failure to make the appropriate notation or issue
such new Securities shall not affect the validity and effect of such supplemental indenture. 
 CONSOLIDATION, MERGER, SALE OR CONVEYANCE

 SECTION 9.1 ISSUER MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS The Issuer shall not consolidate with or merge
into any other Person or transfer or lease its properties and assets substantially as an entirety to any Person, and the Issuer shall not permit any other Person to consolidate with or merge into the Issuer, unless: 

(a) either the Issuer shall be the continuing corporation, or the successor corporation or Person (if other than the Issuer)
formed by such consolidation or into which the Issuer is merged or to which the properties and assets of the Issuer substantially as an entirety are transferred or leased is a Person organized or formed under the laws of the United States, any state
of the United States or the District of Columbia, and if such entity is not a corporation, a co-obligor of the Securities is a corporation organized or existing under any such laws, and such successor
corporation or Person, including such co-obligor, if any, shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, all
the obligations of the Issuer under the Securities and this Indenture; and 
 (b) immediately after giving effect to such
transaction and treating any indebtedness which becomes an obligation of the Issuer or a Subsidiary as a result of such transaction as having been incurred by the Issuer or such Subsidiary at the time of such transaction, no Event of Default, and no
event which, after notice or lapse of time or both, would become an Event of Default, shall have happened and be continuing. 

SECTION 9.2 SUCCESSOR PERSON SUBSTITUTED The successor Person formed by such consolidation or into which the Issuer is
merged or to which such transfer or lease is made shall succeed to and be substituted for, and may exercise every right and power of, the Issuer under this Indenture with the same effect as if such successor Person had been named as the Issuer
herein, and thereafter (except in the case of a lease or transfer to another Person) the predecessor shall be relieved of all obligations and covenants under the Indenture and the Securities and, in the event of such lease or transfer, any such
predecessor may be dissolved and liquidated. 

  
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 SECTION 9.3 OPINION OF COUNSEL TO BE GIVEN TO TRUSTEE The Trustee,
subject to the provisions of Sections 6.1 and 6.2, shall be provided with an Opinion of Counsel as conclusive evidence that any such consolidation, merger, lease or transfer, and any such assumption, complies with the provisions of this Article IX.

 SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS 

SECTION 10.1 SATISFACTION AND DISCHARGE OF INDENTURE 

(A) If at any time (i) the Issuer shall have paid or caused to be paid the principal of and interest on all the Securities of any series
Outstanding hereunder (other than Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.9) as and when the same shall have become due and payable, or (ii) the
Issuer shall have delivered to the Trustee for cancellation all Securities of any series theretofore authenticated (other than any Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid
as provided in Section 2.9) or (iii) in the case of any series of Securities where the exact amount (including the currency of payment) of principal of and interest due on which can be determined at the time of making the deposit referred
to in clause (b) below, (a) all the Securities of such series not theretofore delivered to the Trustee for cancellation shall have become due and payable, or are by their terms to become due and payable within one year or are to be called for
redemption within one year under arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption, and (b) the Issuer shall have irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust
the entire amount in (i) cash (other than moneys repaid by the Trustee or any paying agent to the Issuer in accordance with Section 10.4), (ii) in the case of any series of Securities the payments on which may only be made in Dollars,
direct obligations of the United States of America, backed by its full faith and credit (“U.S. Government Obligations”), maturing as to principal and interest at such times and in such amounts as will insure the availability of cash
sufficient in the opinion or based on the report of a nationally recognized firm of independent public accountants, investment bank or appraisal firm to pay at such maturity or upon such redemption, as the case may be, or (iii) a combination
thereof, sufficient, in the opinion or based on the report of a nationally recognized firm of independent public accountants, investment bank or appraisal firm expressed in a written certification thereof delivered to the Trustee, to pay
(x) the principal and interest on all Securities of such series on each date that such principal or interest is due and payable and (y) any mandatory sinking fund payments on the dates on which such payments are due and payable in
accordance with the terms of the Indenture and the Securities of such series; provided, that in the case of any redemption at a price or premium to be calculated based off the Treasury rate or similar rate, the amount deposited with the Trustee
shall be sufficient for purposes of this Indenture to the extent that such amount is equal to the price or premium calculated as of the date of the notice of redemption, with any deficit on the date of redemption only required to be deposited with
the Trustee on or prior to the date of redemption; and if, in any such case, the Issuer shall also pay or cause to be paid all other sums payable hereunder by the Issuer with respect to the Securities of such series, then this Indenture shall cease
to be of further effect 

  
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(except as to (i) rights of registration of transfer and exchange of Securities of such Series pursuant to Section 2.8, (ii) substitution of mutilated, defaced, destroyed, lost or
stolen Securities, (iii) rights of holders of Securities to receive payments of principal thereof and interest thereon, upon the original stated due dates therefor (but not upon acceleration), and remaining rights of the Holders to receive
mandatory sinking fund payments, if any, (iv) any optional redemption rights of such series of Securities to the extent to be exercised to make such call for redemption within one year, (v) the rights, obligations, duties and immunities of
the Trustee hereunder, including those under Section 6.6, (vi) the rights of the Holders of Securities of such series as beneficiaries hereof with respect to the property so deposited with the Trustee payable to all or any of them, and
(vii) the obligations of the Issuer under Section 3.2) and the Trustee, on demand of the Issuer accompanied by an Officers’ Certificate and an Opinion of Counsel and at the cost and expense of the Issuer, shall execute proper
instruments acknowledging such satisfaction of and discharging this Indenture; provided, that the rights of Holders of the Securities to receive amounts in respect of principal of and interest on the Securities held by them shall not be delayed
longer than required by then-applicable mandatory rules or policies of any securities exchange upon which the Securities are listed. The Issuer agrees to reimburse the Trustee for any costs or expenses thereafter reasonably and properly incurred and
to compensate the Trustee for any services thereafter reasonably and properly rendered by the Trustee in connection with this Indenture or the Securities of such series. 

(B) The following provisions shall apply to the Securities of each series unless specifically otherwise provided in a Board Resolution,
Officers’ Certificate or indenture supplemental hereto provided pursuant to Section 2.3. In addition to discharge of the Indenture pursuant to the next preceding paragraph, in the case of any series of Securities the exact amounts
(including the currency of payment) of principal of and interest due on which can be determined at the time of making the deposit referred to in clause (a) below, the Issuer shall be deemed to have paid and discharged the entire indebtedness on
all the Securities of such a series on the date of the deposit referred to in subparagraph (a) below, and the provisions of this Indenture with respect to the Securities of such series shall no longer be in effect (except as to (i) rights
of registration of transfer and exchange of Securities of such series pursuant to Section 2.8 (ii) substitution of mutilated, defaced, destroyed, lost or stolen Securities, (iii) rights of Holders of Securities to receive payments of
principal thereof and interest thereon, upon the original stated due dates therefor (but not upon acceleration), and remaining rights of the Holders to receive mandatory sinking fund payments, if any, (iv) any optional redemption rights of such
series of Securities, (v) the rights, obligations, duties and immunities of the Trustee hereunder, (vi) the rights of the Holders of Securities of such series as beneficiaries hereof with respect to the property so deposited with the
Trustee payable to all or any of them and (vii) the obligations of the Issuer under Section 3.2) and the Trustee, at the expense of the Issuer, shall at the Issuer’s request, execute proper instruments acknowledging the same, if 

(a) with reference to this provision the Issuer has irrevocably deposited or caused to be irrevocably deposited with the
Trustee as trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of the Securities of such series (i) cash in an amount, or (ii) in the case of any series of Securities the payments
on which may only be made in Dollars, U.S. Government Obligations (without reinvestement), maturing as to principal and interest at such times and in such amounts as will insure the availability of cash or (iii) a combination thereof,
sufficient, in the opinion 

  
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or based on the report of a nationally recognized firm of independent public accountants, investment bank or appraisal firm expressed in a written certification thereof delivered to the Trustee,
to pay (A) the principal and interest on all Securities of such series on each date that such principal or interest is due and payable and (B) any mandatory sinking fund payments on the dates on which such payments are due and payable in
accordance with the terms of the Indenture and the Securities of such series; provided, that before such a deposit the Issuer may make arrangements reasonably satisfactory to the Trustee for the redemption of Securities at a future date or dates in
accordance with Article XII, which shall be given effect in applying the foregoing; and provided, further, that in the case of any redemption at a price or premium to be calculated based off the Treasury rate or similar rate, the amount deposited
with the Trustee shall be sufficient for purposes of this Indenture to the extent that such amount is equal to the price or premium calculated as of the date of the notice of redemption, with any deficit on the date of redemption only required to be
deposited with the Trustee on or prior to the date of redemption; 
 (b) no Event of Default or event which with notice or
lapse of time or both would become an Event of Default with respect to the Securities shall have occurred and be continuing on the date of such deposit; 

(c) such deposit will not result in a breach or violation of, or constitute a default under, any agreement or instrument to
which the Issuer is a party or by which it is bound; 
 (d) the Issuer has delivered to the Trustee an Opinion of Counsel
based on the fact that (x) the Issuer has received from, or there has been published by, the IRS a ruling or (y) since the date hereof, there has been a change in the applicable United States Federal income tax law, in either case to the
effect that, and such opinion shall confirm that, the beneficial owners of the Securities of such series will not recognize income, gain or loss for United States Federal income tax purposes as a result of such deposit, defeasance and discharge and
will be subject to United States Federal income tax on the same amount and in the same manner and at the same times, as would have been the case if such deposit, defeasance and discharge had not occurred; and 

(e) the Issuer has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent provided for relating to the defeasance contemplated by this provision have been complied with. 
 (C) The Issuer shall
be released from its obligations under Sections 3.6 and 9.1 and unless otherwise provided for in the Board Resolution, Officers’ Certificate or Indenture supplemental hereto establishing such series of Securities, from all covenants and other
obligations referred to in Section 2.3(19) or 2.3(21) with respect to such series of Securities outstanding on and after the date the conditions set forth below are satisfied (hereinafter, “covenant defeasance”). For this purpose,
such covenant defeasance means that, with respect to the Outstanding Securities of any series, the Issuer may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in such Section, whether directly
or indirectly by reason of any reference elsewhere herein to such Section or by reason of any reference in such Section to any other provision herein or in any other document and such omission to comply shall not constitute an Event of Default under
Section 5.1, but the remainder of this Indenture and such Securities shall be unaffected thereby. The following shall be the conditions to application of this subsection C of this Section 10.1: 

  
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 (a) The Issuer has irrevocably deposited or caused to be deposited with the
Trustee as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the holders of the Securities of such series, (i) cash in an amount, or (ii) in
the case of any series of Securities the payments on which may only be made in Dollars, U.S. Government Obligations maturing as to principal and interest at such times and in such amounts as will insure the availability of cash or (iii) a
combination thereof, sufficient, in the opinion or based on the report of a nationally recognized firm of independent public accountants, investment bank or appraisal firm expressed in a written certification thereof delivered to the Trustee, to pay
(A) the principal and interest on all Securities of such series and (B) any mandatory sinking fund payments on the day on which such payments are due and payable in accordance with the terms of the Indenture and the Securities of such
series; provided, that before such a deposit the Issuer may make arrangements reasonably satisfactory to the Trustee for the redemption of Securities at a future date or dates in accordance with Article XII, which shall be given effect in applying
the foregoing; and provided, further, that in the case of any redemption at a price or premium to be calculated based off the Treasury rate or similar rate, the amount deposited with the Trustee shall be sufficient for purposes of this Indenture to
the extent that such amount is equal to the price or premium calculated as of the date of the notice of redemption, with any deficit on the date of redemption only required to be deposited with the Trustee on or prior to the date of redemption; 

(b) No Event of Default or event which with notice or lapse of time or both would become an Event of Default with respect to
the Securities shall have occurred and be continuing on the date of such deposit; 
 (c) Such covenant defeasance shall not
cause the Trustee to have a conflicting interest as defined in Section 6.9 and for purposes of the Trust Indenture Act with respect to any securities of the Issuer; 

(d) Such covenant defeasance shall not result in a breach or violation of, or constitute a default under any agreement or
instrument to which the Issuer is a party or by which it is bound; 
 (e) Such covenant defeasance shall not cause any
Securities then listed on any registered national securities exchange under the Exchange Act to be delisted; 
 (f) The
Issuer shall have delivered to the Trustee an Officers’ Certificate and Opinion of Counsel to the effect that the beneficial owners of the Securities of such series will not recognize income, gain or loss for United States Federal income tax
purposes as a result of such covenant defeasance and will be subject to United States Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred; and 

  
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 (g) The Issuer shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the covenant defeasance contemplated by this provision have been complied with. 

SECTION 10.2 APPLICATION BY TRUSTEE OF FUNDS DEPOSITED FOR PAYMENT OF SECURITIES Subject to Section 10.4, all moneys
deposited with the Trustee (or other trustee) pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of
the particular Securities of such series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other
funds except to the extent required by law. 
 SECTION 10.3 REPAYMENT OF MONEYS HELD BY PAYING AGENT In connection with
the satisfaction and discharge of this Indenture with respect to Securities of any series, all moneys then held by any paying agent under the provisions of this Indenture with respect to such series of Securities shall, upon demand of the Issuer, be
repaid to it or paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys. 

SECTION 10.4 RETURN OF MONEYS HELD BY TRUSTEE AND PAYING AGENT UNCLAIMED FOR TWO YEARS Any moneys deposited with or paid
to the Trustee or any paying agent for the payment of the principal of or interest on any Security of any series and not applied but remaining unclaimed for two years after the date upon which such principal or interest shall have become due and
payable, shall, upon the written request of the Issuer and unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property law, be repaid to the Issuer by the Trustee for such series or such paying agent,
and the Holder of the Securities of such series shall, unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property laws, thereafter look only to the Issuer for any payment which such Holder may be
entitled to collect, and all liability of the Trustee or any paying agent with respect to such moneys shall thereupon cease; provided, that the Trustee or such paying agent, before being required to make any such repayment with respect to moneys
deposited with it for any payment in respect of Registered Securities of any series, shall at the cost and expense of the Issuer, send to Holders of such Securities in accordance with Applicable Procedures notice, that such moneys remain and that,
after a date specified therein, which shall not be less than 30 days from the date of such mailing, any unclaimed balance of such money then remaining will be repaid to the Issuer. 

SECTION 10.5 INDEMNITY FOR U.S. GOVERNMENT OBLIGATIONS The Issuer shall pay and indemnify the Trustee against any tax,
fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 10.1 or the principal or interest received in respect of such obligations. 

  
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 SECTION 10.6 EFFECT ON SUBORDINATION PROVISIONS Unless otherwise
expressly established pursuant to Section 2.3 with respect to the Subordinated Securities of any series, the provisions of Section 11.13 hereof, insofar as they pertain to the Subordinated Securities of such series, and the Subordination
Provisions established pursuant to Section 2.3(9) with respect to such series, are hereby expressly made subject to the provisions for satisfaction and discharge and defeasance and covenant defeasance set forth in Section 10.1 hereof and,
anything herein to the contrary notwithstanding, upon the effectiveness of such satisfaction and discharge and defeasance and covenant defeasance pursuant to Section 10.1 with respect to the Securities of such series, such Securities shall
thereupon cease to be so subordinated and shall no longer be subject to the provisions of Section 11.13 or the Subordination Provisions established pursuant to Section 2.3(9) with respect to such series and, without limitation to the
foregoing, all moneys, U.S. Government Obligations and other securities or property deposited with the Trustee (or other qualifying trustee) in trust in connection with such satisfaction and discharge, defeasance or covenant defeasance, as the case
may be, and all proceeds therefrom may be applied to pay the principal of, premium, if any, and interest, if any, on, and mandatory sinking fund payments, if any, with respect to the Securities of such series as and when the same shall become due
and payable notwithstanding the provisions of Section 11.13 or such Subordination Provisions. 
 MISCELLANEOUS PROVISIONS 

SECTION 11.1 INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS OF ISSUER EXEMPT FROM INDIVIDUAL LIABILITY No recourse
under or upon any obligation, covenant or agreement contained in this Indenture, or in any Security, or because of any indebtedness evidenced thereby, shall be had against any incorporator, as such, or against any past, present or future
stockholder, officer or director, as such, of the Issuer or of any successor, either directly or through the Issuer or any successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal
or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities by the Holders thereof and as part of the consideration for the issue of the Securities. 

SECTION 11.2 PROVISIONS OF INDENTURE FOR THE SOLE BENEFIT OF PARTIES AND HOLDERS OF SECURITIES Nothing in this Indenture
or in the Securities, expressed or implied, shall give or be construed to give to any person, firm or corporation, other than the parties thereto and their successors and the Holders of the Securities and, in the case of the Subordinated Securities
of any series, the holders of Senior Indebtedness with respect to such series, any legal or equitable right, remedy or claim under this Indenture or under any covenant or provision herein contained, all such covenants and provisions being for the
sole benefit of the parties hereto and their successors and of the Holders of the Securities and, in the case of the Subordinated Securities of any series, the holders of Senior Indebtedness with respect to such series. 

SECTION 11.3 SUCCESSORS AND ASSIGNS OF ISSUER BOUND BY INDENTURE All the covenants, stipulations, promises and agreements
in this Indenture contained by or in behalf of the Issuer shall bind its successors and assigns, whether so expressed or not. 

  
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 SECTION 11.4 NOTICES AND DEMANDS ON ISSUER, TRUSTEE AND HOLDERS OF
SECURITIES Any notice, request, direction, consent or communication made pursuant to the provisions of this Indenture or the Notes shall be in writing and delivered in person, sent by facsimile, sent by electronic mail in pdf format, delivered
by commercial courier service or mailed by first-class mail, postage prepaid, addressed (until another address of the Issuer is filed by the Issuer with the Trustee) to: ChargePoint Holdings, Inc., 240 East Hacienda Avenue, Campbell, California
95008, Attention: [ ], or by being e-mailed to [ ] or faxed to[ ] and to the Trustee at [ ] or by being e-mailed to [ ] or faxed to [ ]. 

Where this Indenture provides for notice to Holders of Registered Securities, such notice shall be sufficiently given (unless otherwise herein
expressly provided) if in writing and mailed, first-class mail, postage prepaid, to each Holder entitled thereto, at his last address as it appears in the Security register. 

The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by
e-mail, pdf, facsimile transmission or other similar electronic methods; provided, however, that the Trustee shall have received an Officers’ Certificate (which need not comply with Section 314 of
the Trust Indenture Act or Section 11.5 hereof) listing the names and titles of the persons designated to give such instructions or directions and containing specimen signatures of such designated persons, which certificate shall be amended and
replaced whenever a person is to be added or deleted from the listing. If the Issuer elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee
acts upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon
and compliance with such instructions that the Trustee believes, in the absence of negligence and willful misconduct, to be genuine and to have been sent by one of the persons named on the then most recent certificate referred to above
notwithstanding that such instructions conflict or are inconsistent with a subsequent written instruction. The Issuer agrees to assume all risks arising out of the use of such electronic methods to submit the instructions and directions to the
Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse of electronic communications by third parties. 

Notwithstanding any other provision of this Indenture or any Security of any series other than a provision that expressly states that this
paragraph is not applicable to the Securities of such series, when this Indenture or any Security provides for notice of any event (including any notice of redemption) to a Holder of Securities in global form (whether by mail or otherwise), such
notice shall be sufficiently given if given to the Depositary for such Security (or its designee) pursuant to the customary procedures of such Depositary. 

In any case where notice to such Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to
any particular Holder shall affect the sufficiency of such notice with respect to other Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the person entitled to receive such notice, either
before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon
such waiver. 
 In case, by reason of the suspension of or irregularities in regular mail service, it shall be impracticable to mail notice
to the Issuer when such notice is required to the given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be reasonably satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice.

  
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 SECTION 11.5 OFFICERS’ CERTIFICATES AND OPINIONS OF COUNSEL;
STATEMENTS TO BE CONTAINED THEREIN Upon any application or demand by the Issuer to the Trustee to take any action under any of the provisions of this Indenture, the Issuer shall furnish to the Trustee an Officers’ Certificate stating that
all conditions precedent provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent have been complied with, except that
in the case of any such application or demand as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be
furnished. 
 Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a
condition or covenant provided for in this Indenture shall include (a) a statement that the person making such certificate or opinion has read such covenant or condition, (b) a brief statement as to the nature and scope of the examination
or investigation upon which the statements or opinions contained in such certificate or opinion are based, (c) a statement that, in the opinion of such person, he has made such examination or investigation as is necessary to enable him to
express an informed opinion as to whether or not such covenant or condition has been complied with and (d) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any
certificate, statement or opinion of an officer of the Issuer may be based, insofar as it relates to legal matters, upon a certificate or opinion of or representations by counsel, unless such officer knows that the certificate or opinion or
representations with respect to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. Any certificate, statement or
opinion of counsel may be based, insofar as it relates to factual matters or information with respect to which is in the possession of the Issuer, upon the certificate, statement or opinion of or representations by an officer or officers of the
Issuer, unless such counsel knows that the certificate, statement or opinion or representations with respect to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable
care should know that the same are erroneous. 
 Any certificate, statement or opinion of an officer of the Issuer or of counsel may be
based upon a certificate, report or opinion of or representations by an accountant, firm of accountants, investment bank or appraisal firm, unless such officer or counsel, as the case may be, knows that the certificate, report or opinion of or
representations with respect to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. 

  
 52 

 Where any Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

Any certificate, report or opinion of any independent firm of public accountants filed with and directed to the Trustee shall contain a
statement that such firm is independent. 
 SECTION 11.6 PAYMENTS DUE ON SATURDAYS, SUNDAYS AND HOLIDAYS If the date of
maturity of interest on or principal of the Securities of any series or the date fixed for redemption or repayment of any such Security shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be made
on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no additional interest shall accrue for the period after such date. 

SECTION 11.7 CONFLICT OF ANY PROVISION OF INDENTURE WITH TRUST INDENTURE ACT If and to the extent that any provision of
this Indenture limits, qualifies or conflicts with duties imposed by, or with another provision (an “incorporated provision”) included in this Indenture by operation of Sections 310 to 318, inclusive, of the Trust Indenture Act, such
imposed duties or incorporated provision shall control. 
 SECTION 11.8 NEW YORK LAW TO GOVERN; WAIVER OF JURY TRIAL THIS INDENTURE AND
EACH SECURITY SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE. 

EACH OF THE ISSUER AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL
BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

SECTION 11.9 COUNTERPARTS This Indenture may be executed in any number of counterparts, each of which shall be an
original; but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this
Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

SECTION 11.10 EFFECT OF HEADINGS The Article and Section headings herein and the Table of Contents are for convenience
only and shall not affect the construction hereof. 

  
 53 

 SECTION 11.11 SECURITIES IN A FOREIGN CURRENCY Unless otherwise
specified in an Officers’ Certificate delivered pursuant to Section 2.3 of this Indenture with respect to a particular series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified
percentage in aggregate principal amount of Securities of all series or all series affected by a particular action at the time Outstanding and, at such time, there are Outstanding Securities of any series which are denominated in a Foreign Currency,
then the principal amount of Securities of such series which shall be deemed to be Outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the “Market Exchange Rate”. For
purposes of this Section 11.11, Market Exchange Rate shall mean the noon Dollar buying rate in The City of New York for cable transfers of such currency or currencies as published by the Federal Reserve Bank of New York as of the most recent
available date. If such Market Exchange Rate is not available for any reason with respect to such currency, the paying agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York
or quotations from one or more major banks in The City of New York or in the country of issue of the currency in question, which for purposes of the euro shall be any member state of the European Union that has adopted the euro, as the paying agent
shall deem appropriate. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a series denominated in a currency other than Dollars in connection with any action taken by Holders of
Securities pursuant to the terms of this Indenture. 
 All decisions and determinations of the paying agent regarding the Market Exchange
Rate or any alternative determination provided for in the preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes and irrevocably binding upon the
Issuer and all Holders. 
 SECTION 11.12 JUDGMENT CURRENCY The Issuer agrees, to the fullest extent that it may
effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of or interest on the Securities of any series (the “Required
Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the paying agent could purchase in The City
of New York the Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then, to the extent permitted by applicable law, the rate of exchange used shall
be the rate at which in accordance with normal banking procedures the paying agent could purchase in The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable
judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment (whether or not entered in
accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be
payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full
amount of the Required Currency so expressed to be payable and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day
except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or required by law or executive order to close. 

  
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 SECTION 11.13 AGREEMENT TO SUBORDINATE The Issuer, for itself, its
successors and assigns, covenants and agrees, and each Holder of Subordinated Securities of any series by his acceptance thereof, likewise covenants and agrees, that the payment of the principal of (and premium, if any) and interest, if any, on, and
mandatory sinking fund payments, if any, in respect of each and all of the Subordinated Securities of such series shall be expressly subordinated, to the extent and in the manner provided in the Subordination Provisions established with respect to
the Subordinated Securities of such series pursuant to Section 2.3(9) hereof, in right of payment to the prior payment in full of all Senior Indebtedness with respect to such series. 

SECTION 11.14 FORCE MAJEURE In no event shall the Trustee be responsible or liable for any failure or delay in the
performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances,
nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent
with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 SECTION
11.15 U.S.A. PATRIOT ACT The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money
laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the
Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

REDEMPTION OF SECURITIES AND SINKING FUNDS 

SECTION 12.1 APPLICABILITY OF ARTICLE The provisions of this Article shall be applicable to the Securities of any series
which are redeemable before their maturity or to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 2.3 for Securities of such series. 

SECTION 12.2 NOTICE OF REDEMPTION; PARTIAL REDEMPTIONS Notice of redemption to the Holders of Registered Securities of
any series to be redeemed as a whole or in part at the option of the Issuer shall be given by sending notice of such redemption, at least 30 days and not more than 60 days prior to the date fixed for redemption, to such Holders of Securities of such
series in accordance with Applicable Procedures, except that redemption notices may be delivered more than 60 days prior to a redemption if the notice is issued in connection with defeasance, covenant defeasance or discharge of any series of
Securities pursuant to Section 10.1. Any notice which is sent in accordance with Applicable Procedures shall be conclusively presumed to have been duly given, whether or not the Holder receives the notice. Any defect in the notice to the Holder
of any Security of a series designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of such Security of such series. 

  
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 The notice of redemption to each such Holder shall identify the Securities to be redeemed
(including CUSIP number(s)) and specify the aggregate principal amount of Securities of such series to be redeemed, the date fixed for redemption, the redemption price, the place or places of payment, that payment will be made upon presentation and
surrender of such Securities, that such redemption is pursuant to the mandatory or optional sinking fund, or both, if such be the case, that interest accrued to, but not including, the date fixed for redemption will be paid as specified in such
notice and that on and after said date interest thereon or on the portions thereof to be redeemed will cease to accrue. In case any Security of a series is to be redeemed in part only, the notice of redemption to Holders of Securities of the series
shall state the portion of the principal amount thereof to be redeemed and shall state that on and after the date fixed for redemption, upon surrender of such Security, a new Security or Securities of such series in principal amount equal to the
unredeemed portion thereof will be issued. 
 The notice of redemption of Securities of any series to be redeemed at the option of the
Issuer shall be given by the Issuer or, at the Issuer’s request at least five (5) Business Days prior to the date the notice must be mailed to Holders (unless the Trustee otherwise agrees to a shorter period), by the Trustee in the name
and at the expense of the Issuer. 
 On or before 11:00 a.m., New York City time, on the redemption date specified in the notice of
redemption given as provided in this Section, the Issuer will deposit with the Trustee or with one or more paying agents (or, if the Issuer is acting as its own paying agent, set aside, segregate and hold in trust as provided in Section 3.4) an
amount of money sufficient to redeem on the redemption date all the Securities of such series so called for redemption at the appropriate redemption price, together with accrued interest to the date fixed for redemption. The Issuer will deliver to
the Trustee at least 70 days prior to the date fixed for redemption, or such shorter period as shall be acceptable to the Trustee, an Officers’ Certificate stating the aggregate principal amount of Securities to be redeemed. In case of a
redemption at the election of the Issuer prior to the expiration of any restriction on such redemption, the Issuer shall deliver to the Trustee, prior to the giving of any notice of redemption to Holders pursuant to this Section, an Officers’
Certificate stating that such restriction has been complied with. 
 If less than all the Securities of a series are to be redeemed, the
Trustee shall select, in such manner as it shall deemed appropriate and fair in accordance with the procedures of the Depositary, in its sole discretion, Securities of such series to be redeemed in whole or in part. Securities may be redeemed in
part in multiples equal to the minimum authorized denomination for Securities of such series or any multiple thereof. The Trustee shall promptly notify the Issuer in writing of the Securities of such series selected for redemption and, in the case
of any Securities of such series selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities of any
series shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is to be redeemed. 

  
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 SECTION 12.3 PAYMENT OF SECURITIES CALLED FOR REDEMPTION If notice of redemption has been
given as above provided, the Securities or portions of Securities specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued to, but not
including, the date fixed for redemption, and on and after said date (unless the Issuer shall default in the payment of such Securities at the redemption price, together with interest accrued to said date) interest on the Securities or portions of
Securities so called for redemption shall cease to accrue, and, except as provided in Sections 6.5 and 10.4, such Securities shall cease from and after the date fixed for redemption to be entitled to any benefit or security under this Indenture, and
the Holders thereof shall have no right in respect of such Securities except the right to receive the redemption price thereof and unpaid interest to the date fixed for redemption. On presentation and surrender of such Securities at a place of
payment specified in said notice, said Securities or the specified portions thereof shall be paid and redeemed by the Issuer at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption; provided, that
payment of interest becoming due on or prior to, but not including, the date fixed for redemption shall be payable to the Holder of such Registered Securities registered as such on the relevant record date, subject to the terms and provisions of
Section 2.3 and 2.7 hereof. 
 If any Security called for redemption shall not be so paid upon surrender thereof for redemption,
the principal shall, until paid or duly provided for, bear interest from the date fixed for redemption at the rate of interest or Yield to Maturity (in the case of an Original Issue Discount Security) borne by such Security. 

Upon presentation of any Security redeemed in part only, the Issuer shall execute and the Trustee shall authenticate and deliver to or on the
order of the Holder thereof, at the expense of the Issuer, a new Security or Securities of such series, of authorized denominations, in principal amount equal to the unredeemed portion of the Security so presented. 

SECTION 12.4 EXCLUSION OF CERTAIN SECURITIES FROM ELIGIBILITY FOR SELECTION FOR REDEMPTION Securities shall be excluded
from eligibility for selection for redemption if they are identified by registration and certificate number in an Officers’ Certificate delivered to the Trustee at least 40 days prior to the last date on which notice of redemption may be given
as being owned of record and beneficially by, and not pledged or hypothecated by, either (a) the Issuer or (b) an entity specifically identified in such written statement as directly or indirectly controlling or controlled by or under
direct or indirect common control with the Issuer. 
 SECTION 12.5 MANDATORY AND OPTIONAL SINKING FUNDS The minimum
amount of any sinking fund payment provided for by the terms of the Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of the
Securities of any series is herein referred to as an “optional sinking fund payment.” The date on which a sinking fund payment is to be made is herein referred to as the “sinking fund payment date.” 

  
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 In lieu of making all or any part of any mandatory sinking fund payment with respect to any
series of Securities in cash, the Issuer may at its option (a) deliver to the Trustee Securities of such series theretofore purchased or otherwise acquired (except upon redemption pursuant to the mandatory sinking fund) by the Issuer or receive
credit for Securities of such series (not previously so credited) theretofore purchased or otherwise acquired (except as aforesaid) by the Issuer and delivered to the Trustee for cancellation pursuant to Section 2.10, (b) receive credit for
optional sinking fund payments (not previously so credited) made pursuant to this Section, or (c) receive credit for Securities of such series (not previously so credited) redeemed by the Issuer through any optional redemption provision
contained in the terms of such series. Securities so delivered or credited shall be received or credited by the Trustee at the sinking fund redemption price specified in such Securities. 

On or before the 60th day next preceding each sinking fund payment date for any series, the Issuer will deliver to the Trustee an
Officers’ Certificate (which need not contain the statements required by Section 11.5) (a) specifying the portion of the mandatory sinking fund payment to be satisfied by payment of cash and the portion to be satisfied by credit of
Securities of such series and the basis for such credit, (b) stating that none of the Securities of such series has theretofore been so credited, (c) stating that no defaults in the payment of interest or Events of Default with respect to
such series have occurred (which have not been waived or cured) and are continuing and (d) stating whether or not the Issuer intends to exercise its right to make an optional sinking fund payment with respect to such series and, if so,
specifying the amount of such optional sinking fund payment which the Issuer intends to pay on or before the next succeeding sinking fund payment date. Any Securities of such series to be credited and required to be delivered to the Trustee in order
for the Issuer to be entitled to credit therefor as aforesaid which have not theretofore been delivered to the Trustee shall be delivered for cancellation pursuant to Section 2.10 to the Trustee with such Officers’ Certificate (or
reasonably promptly thereafter if acceptable to the Trustee). Such Officers’ Certificate shall be irrevocable and upon its receipt by the Trustee, the Issuer shall become unconditionally obligated to make all the cash payments or payments
therein referred to, if any, on or before the next succeeding sinking fund payment date. Failure of the Issuer, on or before any such 60th day, to deliver such Officers’ Certificate and Securities specified in this paragraph, if any, shall not
constitute a default but shall constitute, on and as of such date, the irrevocable election of the Issuer (i) that the mandatory sinking fund payment for such series due on the next succeeding sinking fund payment date shall be paid entirely in
cash without the option to deliver or credit Securities of such series in respect thereof and (ii) that the Issuer will make no optional sinking fund payment with respect to such series as provided in this Section. 

If the sinking fund payment or payments (mandatory or optional or both) to be made in cash on the next succeeding sinking fund payment date
plus any unused balance of any preceding sinking fund payments made in cash shall exceed $50,000 (or the equivalent thereof in any Foreign Currency) or a lesser sum in Dollars (or the equivalent thereof in any Foreign Currency) if the Issuer shall
so request with respect to the Securities of any particular series, such cash shall be applied on the next succeeding sinking fund payment date to the redemption of Securities of such series at the sinking fund redemption price together with accrued
interest to the date fixed for 

  
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redemption. If such amount shall be $50,000 (or the equivalent thereof in any Foreign Currency) or less and the Issuer makes no such request then it shall be carried over until a sum in excess of
$50,000 (or the equivalent thereof in any Foreign Currency) is available. The Trustee shall select, in the manner provided in Section 12.2, for redemption on such sinking fund payment date a sufficient principal amount of Securities of such
series to absorb said cash, as nearly as may be, and shall (if requested in writing by the Issuer) inform the Issuer of the serial numbers of the Securities of such series (or portions thereof) so selected. Securities shall be excluded from
eligibility for redemption under this Section if they are identified by registration and certificate number in an Officers’ Certificate delivered to the Trustee at least 60 days prior to the sinking fund payment date as being owned of record
and beneficially by, and not pledged or hypothecated by, either (a) the Issuer or (b) an entity specifically identified in such Officers’ Certificate as directly or indirectly controlling or controlled by or under direct or indirect
common control with the Issuer. The Trustee, in the name and at the expense of the Issuer (or the Issuer, if it shall so request the Trustee in writing) shall cause notice of redemption of the Securities of such series to be given in substantially
the manner provided in Section 12.2 (and with the effect provided in Section 12.3) for the redemption of Securities of such series in part at the option of the Issuer. The amount of any sinking fund payments not so applied or allocated to
the redemption of Securities of such series shall be added to the next cash sinking fund payment for such series and, together with such payment, shall be applied in accordance with the provisions of this Section. Any and all sinking fund moneys
held on the stated maturity date of the Securities of any particular series (or earlier, if such maturity is accelerated), which are not held for the payment or redemption of particular Securities of such series shall be applied, together with other
moneys, if necessary, sufficient for the purpose, to the payment of the principal of, and interest on, the Securities of such series at maturity. 

On or before each sinking fund payment date, the Issuer shall pay to the Trustee in cash or shall otherwise provide for the payment of all
interest accrued to the date fixed for redemption on Securities to be redeemed on the next following sinking fund payment date. 
 The
Trustee shall not redeem or cause to be redeemed any Securities of a series with sinking fund moneys or give any notice of redemption of Securities for such series by operation of the sinking fund during the continuance of a default in payment of
interest on such Securities or of any Event of Default except that, where the giving of notice of redemption of any Securities shall theretofore have been made, the Trustee shall redeem or cause to be redeemed such Securities, provided that it shall
have received from the Issuer a sum sufficient for such redemption. Except as aforesaid, any moneys in the sinking fund for such series at the time when any such default or Event of Default shall occur, and any moneys thereafter paid into the
sinking fund, shall, during the continuance of such default or Event of Default be deemed to have been collected under Article V and held for the payment of all such Securities. In case such Event of Default shall have been waived as provided in
Section 5.10 or the default cured on or before the sixtieth day preceding the sinking fund payment date in any year, such moneys shall thereafter be applied on the next succeeding sinking fund payment date in accordance with this Section to the
redemption of such Securities. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of
the date first written above. 
  

			
	CHARGEPOINT HOLDINGS, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[ ], as Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Indenture]Exhibit 10.1

 

 

 

 

 

 

 

AMENDED AND RESTATED CREDIT AGREEMENT

 

dated as of June 30, 2022

 

among

 

ACUTUS MEDICAL, INC.,

 

as the Borrower,

 

THE LENDERS FROM TIME TO TIME PARTY HERETO

 

AND

 

WILMINGTON TRUST, NATIONAL ASSOCIATION,

 

as the Administrative Agent

 

 

 

 

 

THE LOANS HEREUNDER ARE BEING ISSUED WITH ORIGINAL
ISSUE DISCOUNT (“OID”) FOR U.S. FEDERAL INCOME TAX PURPOSES. THE ISSUE PRICE, AMOUNT OF OID, ISSUE DATE AND YIELD TO MATURITY
OF THE LOANS MAY BE OBTAINED FROM THE BORROWER BY CONTACTING THE ADDRESS OF THE BORROWER SPECIFIED ON SCHEDULE 10.2 TO THE DISCLOSURE
LETTER.

 

     

     

    

TABLE OF CONTENTS

 

Page

 

	ARTICLE I   DEFINITIONS AND ACCOUNTING TERMS	2
	SECTION 1.1   Defined Terms	2
	SECTION 1.2   Use of Defined Terms	28
	SECTION 1.3   Cross-References	28
	SECTION 1.4   Accounting and Financial Determinations	28
	ARTICLE II   COMMITMENT AND BORROWING PROCEDURES	29
	SECTION 2.1   Commitment and Lender Warrants	29
	SECTION 2.2   Borrowing Procedure	29
	SECTION 2.3   Funding	29
	SECTION 2.4   Reduction of the Commitment Amounts	30
	ARTICLE III   REPAYMENTS, PREPAYMENTS, INTEREST AND FEES	30
	SECTION 3.1   Repayments and Prepayments; Application	30
	SECTION 3.2   Repayments and Prepayments	30
	SECTION 3.3   Application	31
	SECTION 3.4   Interest Rate	31
	SECTION 3.5   Default Rate	31
	SECTION 3.6   Payment Dates	31
	SECTION 3.7   Repayment Premium	31
	SECTION 3.8   Exit Fee	32
	SECTION 3.9   Administration Fee	32
	SECTION 3.10   Commitment Fee	32
	SECTION 3.11   Payments Generally	32
	ARTICLE IV   SOFR AND OTHER PROVISIONS	32
	SECTION 4.1   Increased Costs, Etc.	32
	SECTION 4.2   Increased Capital Costs	33
	SECTION 4.3   Taxes	33
	SECTION 4.4   Payments, Computations; Proceeds of Collateral, Etc	35
	SECTION 4.5   Setoff	36
	SECTION 4.6   Rates; Inability to Determine Rate; Illegality; Benchmark Replacement	37
	ARTICLE V   CONDITIONS TO MAKING THE LOANS	39
	SECTION 5.1   Credit Extensions	39
	SECTION 5.2   Secretary’s Certificate, Etc.	39
	SECTION 5.3   Closing Date Certificate	39
	SECTION 5.4   Partial Repayment of Existing Loans	40
	SECTION 5.5   Delivery of Notes	40
	SECTION 5.7   MDT Sale	40

 

    -i- 

     

    

 

	SECTION 5.8   Solvency, Etc.	40
	SECTION 5.9   Guarantee	40
	SECTION 5.10   Security Agreements	40
	SECTION 5.11   Intellectual Property Security Agreements	41
	SECTION 5.12   Opinions of Counsel	41
	SECTION 5.13   Insurance	41
	SECTION 5.14   Closing Fees, Expenses, Etc.	41
	SECTION 5.15   Anti-Terrorism Laws	41
	SECTION 5.16   [Reserved]	42
	SECTION 5.17   Equity Matters	42
	SECTION 5.18   Loan Documents; Investment Documents	42
	SECTION 5.19   Lien and Judgment Searches	42
	ARTICLE VI   REPRESENTATIONS AND WARRANTIES	42
	SECTION 6.1   Organization, Etc.	42
	SECTION 6.2   Due Authorization, Non-Contravention, Etc.	42
	SECTION 6.3   Government Approval, Regulation, Etc.	43
	SECTION 6.4   Validity, Etc.	43
	SECTION 6.5   Financial Information	43
	SECTION 6.6   No Material Adverse Change	44
	SECTION 6.7   Litigation, Labor Matters and Environmental Matters	44
	SECTION 6.8   Subsidiaries	44
	SECTION 6.9   Ownership of Properties	45
	SECTION 6.10   Taxes	45
	SECTION 6.11   Benefit Plans, Etc.	45
	SECTION 6.12   Accuracy of Information	45
	SECTION 6.13   Regulations U and X	46
	SECTION 6.14   Solvency	46
	SECTION 6.15   Intellectual Property	46
	SECTION 6.16   Material Agreements	48
	SECTION 6.17   Permits	48
	SECTION 6.18   Regulatory Matters	48
	SECTION 6.19   Transactions with Affiliates	52
	SECTION 6.20   Investment Company Act	52
	SECTION 6.21   OFAC	52
	SECTION 6.22   Deposit and Disbursement Accounts	52
	SECTION 6.27     MDT Sale	52
	ARTICLE VII   AFFIRMATIVE COVENANTS	53
	SECTION 7.1   Financial Information, Reports, Notices, Etc.	53
	SECTION 7.2   Maintenance of Existence; Compliance with Contracts, Laws, Etc.	54
	SECTION 7.3   Maintenance of Properties	54
	SECTION 7.4   Insurance	54
	SECTION 7.5   Books and Records	55
	SECTION 7.6   Environmental Law Covenant	55

 

    -ii- 

     

    

 

	SECTION 7.7   Use of Proceeds	56
	SECTION 7.8   Future Guarantors, Security, Etc.	56
	SECTION 7.9   Obtaining of Permits, Etc.	56
	SECTION 7.10   Permits	56
	SECTION 7.11   Maintenance of Regulatory Authorizations, Contracts, Intellectual Property, Etc.	57
	SECTION 7.12   Inbound Licenses	57
	SECTION 7.13   Cash Management	58
	ARTICLE VIII   NEGATIVE COVENANTS	60
	SECTION 8.1   Business Activities	60
	SECTION 8.2   Indebtedness	60
	SECTION 8.3   Liens	62
	SECTION 8.4   Minimum Liquidity	64
	SECTION 8.5   Investments	64
	SECTION 8.6   Restricted Payments, Etc.	65
	SECTION 8.7   Consolidation, Merger; Permitted Acquisitions, Etc.	65
	SECTION 8.8   Permitted Dispositions	66
	SECTION 8.9   Modification of Certain Agreements	66
	SECTION 8.10   Transactions with Affiliates	66
	SECTION 8.11   Restrictive Agreements, Etc.	66
	SECTION 8.12   Sale and Leaseback	67
	SECTION 8.13   Product Agreements	67
	SECTION 8.14   Change in Name, Location or Executive Office or Executive Management; Change in Fiscal Year	67
	SECTION 8.15   Benefit Plans and Agreements	68
	ARTICLE IX   EVENTS OF DEFAULT	68
	SECTION 9.1   Listing of Events of Default	68
	SECTION 9.2   Action if Bankruptcy	70
	SECTION 9.3   Action if Other Event of Default	71
	SECTION 9.4   Application of Funds	71
	ARTICLE X   MISCELLANEOUS PROVISIONS	71
	SECTION 10.1   Waivers, Amendments, Etc.	71
	SECTION 10.2   Notices; Time	73
	SECTION 10.3   [Reserved]	73
	SECTION 10.4   Indemnification; Expenses; and Damage Waiver	74
	SECTION 10.5   Survival	76
	SECTION 10.6   Severability	76
	SECTION 10.7   Headings	76
	SECTION 10.8   Execution in Counterparts, Effectiveness, Etc.	76
	SECTION 10.9   Governing Law; Entire Agreement	76
	SECTION 10.10   Successors and Assigns	77
	SECTION 10.11   Other Transactions	79
	SECTION 10.12   Forum Selection and Consent to Jurisdiction	79

 

    -iii- 

     

    

 

	SECTION 10.13   Waiver of Jury Trial	80
	SECTION 10.14   Confidential Information	80
	SECTION 10.15   Exceptions to Confidentiality	81
	SECTION 10.16   No Waiver; Cumulative Remedies; Enforcement	82
	SECTION 10.17   Payments Set Aside	82
	SECTION 10.18   Electronic Execution of Assignments and Certain Other Documents	83
	SECTION 10.19   Acknowledgement and Consent to Bail-In EEA Financial Institutions	83
	SECTION 10.20   Acknowledgement Regarding Any Supported OFCs	84
	SECTION 10.21   No Novation	84
	SECTION 10.22   Independent Nature of Lenders	85
	SECTION 10.23   No Fiduciary Relationship	85
	ARTICLE XI   ADMINISTRATIVE AGENT	86
	SECTION 11.1   Appointment and Authority	86
	SECTION 11.2   Rights as a Lender	87
	SECTION 11.3   Exculpatory Provisions	87
	SECTION 11.4   Reliance by the Administrative Agent	89
	SECTION 11.5   Delegation of Duties	89
	SECTION 11.6   Resignation or Removal of Administrative Agent	90
	SECTION 11.7   Non-Reliance on Administrative Agent and Other Lenders	90
	SECTION 11.8   Administrative Agent May File Proofs of Claim	91
	SECTION 11.9   Collateral and Guarantee Matters	91
	SECTION 11.9   Collateral and Guarantee Matters	92

 

SCHEDULES:

 

	Schedule 2.1	 	Commitments and Applicable Percentages
	 	 	 
	EXHIBITS:	 
	 	 
	Exhibit A	-	Form of Promissory Note
	Exhibit B	-	Form of Loan Request
	Exhibit C	-	Form of Compliance Certificate
	Exhibit D	-	Form of Guarantee
	Exhibit E	-	Form of Security Agreement
	Exhibit F	-	Form of Assignment and Assumption
	Exhibit G	-	Form of Warrant
	Exhibit H	-	Form of Intercompany Debt Subordination Agreement
	Exhibit I	-	Form of Registration Rights Agreement
	 	 	 

 

    -iv- 

     

    

 

AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS AMENDED AND RESTATED
CREDIT AGREEMENT dated as of June 30, 2022 (as amended, supplemented or otherwise modified from time to time after the Amendment and Restatement
Closing Date, this “Agreement”), is by and among ACUTUS MEDICAL, INC., a Delaware corporation (the “Borrower”),
the Lenders (defined herein), and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Administrative Agent. The Borrower and each Lender are sometimes
referred to herein individually as a “Party” and collectively as the “Parties”.

 

W I T N E S S E T H:

 

WHEREAS, the Borrower, Administrative
Agent, Orbimed Royalty Opportunities II, LP (“Orbimed”), and Deerfield Private Design Fund III, L.P. (“DPDF3”;
and collectively with Orbimed, the “Existing Lenders”) are parties to that certain Credit Agreement, dated as of May
20, 2019 (the “Initial Closing Date”) (as heretofore amended or otherwise modified prior to the Amendment and Restatement
Closing Date, the “Existing Credit Agreement”), pursuant to which the Existing Lenders made a term loan to the Borrower
in the aggregate principal amount of $40,000,000 (the “Initial Loan”);

 

WHEREAS, the Borrower has
entered into the MDT Sale Agreement (as defined below), whereby Borrower has agreed to sell certain assets to Medtronic, Inc. (“MDT”)
pursuant to the terms and conditions of such agreement (the “MDT Asset Sale”);

 

WHEREAS, the Borrower is repaying
(x) in cash in full all of the Obligations (as defined in the Existing Credit Agreement) owed to Orbimed pursuant to the Existing Credit
Agreement and other Loan Documents (as defined in the Existing Credit Agreement) and (y) in cash a portion of the Obligations (as defined
in the Existing Credit Agreement) owed to DPDF3 pursuant to the Existing Credit Agreement and other Loan Documents (as defined in the
Existing Credit Agreement), consisting of $2,500,000 of the aggregate unpaid principal amount of the Initial Loan provided by DPDF3 and
all accrued interest, fees and expenses that would be owed to DPDF3 assuming all of its Initial Loan was repaid in full by the Borrower
on the Amendment and Restatement Closing Date; and

 

WHEREAS, the Borrower has
requested, and the Lenders (which includes DPDF3) have agreed, upon and subject to the conditions set forth herein, to make, refinance
or otherwise continue and/or maintain a term loan (the “Amendment and Restatement Term Loan”) in an aggregate principal
amount equal to $35,000,000 (the “Refinancing” and, together with the MDT Asset Sale, the “Transactions”),
which Amendment and Restatement Term Loan shall include the remaining aggregate unpaid principal amount of the Initial Loan provided by
DPDF3 (the “Rollover Lender”) and not prepaid by the Borrower on the Amendment and Restatement Closing Date equal to
$17,500,000 (the “Rollover Amount”).

 

NOW, THEREFORE, in consideration
of the mutual covenants and agreements contained herein, the parties agree, subject to satisfaction (or waiver by the requisite Lenders)
of the conditions set forth in Article V hereof, to amend and restate the Existing Credit Agreement in its entirety as follows:

 

    -1- 

     

    

ARTICLE
I

DEFINITIONS AND ACCOUNTING TERMS

 

SECTION
1.1 Defined Terms. The following terms (whether or not underscored) when used in this Agreement, including its preamble
and recitals, shall, except where the context otherwise requires, have the following meanings (such meanings to be equally applicable
to the singular and plural forms thereof):

 

“Administrative
Agent” means Wilmington Trust, National Association, in its capacity as administrative agent under any of the Credit Documents,
or any successor administrative agent.

 

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

 

“Agreed Disclosure
Process” is defined in Section 7.14(c).

 

“Affiliate”
of any Person means any other Person which, directly or indirectly, Controls, is Controlled by or is under common Control with such Person.
“Control” (and its correlatives) by any Person means (a) the power of such Person, directly or indirectly, (i) to vote
10% or more of the Voting Securities (determined on a fully diluted basis) of another Person or (ii) to direct or cause the direction
of the management and policies of such other Person (whether by contract or otherwise), or (b) ownership by such Person of 10% or more
of the Capital Securities of another Person. With respect to a Lender, any investment fund or managed account that is managed on a discretionary
basis by the same investment manager as such Lender shall, for purposes hereof, be deemed to be an Affiliate of such Lender. Notwithstanding
the foregoing, none of the Lenders shall constitute an Affiliate of the Borrower or any of its Subsidiaries.

 

“Agency Fee Letter”
means the fee letter, originally dated as of May 20, 2019, and amended and restated as of the Amendment and Restatement Closing Date,
between the Borrower and Wilmington Trust, as Administrative Agent.

 

“Agreement”
is defined in the preamble.

 

“Amendment and Restatement
Closing Date” means June 30, 2022.

 

“Amendment and Restatement
Term Loan” is defined in the recitals.

 

“Applicable Margin”
means 9.00%.

 

“Applicable Percentage”
means, with respect to any Lender at any time, with respect to such Lender’s portion of the outstanding Loans at any time, the percentage
of the outstanding principal amount of the Loans held by such Lender at such time. The initial Applicable Percentage of each Lender is
set forth opposite the name of such Lender on Schedule 2.1 or in the Assignment and Assumption pursuant to which such Lender becomes
a party hereto, as applicable.

 

    -2- 

     

    

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

 

“Assignment and Assumption”
means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required
by Section 10.10(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit F hereto or any other
form approved by the Administrative Agent.

 

“Assignment Effective
Date” is defined in Section 10.10(a).

 

“Authorized Officer”
means, relative to the Borrower or any of the Subsidiaries, those of its officers, general partners, managers or managing members (as
applicable) whose signatures and incumbency shall have been certified to the Administrative Agent and the Lenders pursuant to Section
5.2.

 

“Available Tenor”
means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (x) if such Benchmark is a term
rate, any tenor for such Benchmark (or component thereof) that is or may be used for determining the length of an interest period pursuant
to this Agreement or (y) otherwise, any payment period for interest calculated with reference to such Benchmark (or component thereof)
that is or may be used for determining any frequency of making payments of interest calculated with reference to such Benchmark pursuant
to this Agreement, in each case, as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed
from the definition of “Interest Period” pursuant to Section 4.6.

 

“Benchmark”
means, initially, Term SOFR; provided that, if a Benchmark Transition Event has occurred with respect to Term SOFR or the then-current
Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced
such prior benchmark rate pursuant to Section 4.6.

 

“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.

 

“Benchmark
Replacement” the sum of: (a) the alternate benchmark rate that has been selected by the Administrative Agent (at the
direction of the Required Lenders) and the Borrower giving due consideration to (i) any selection or recommendation of a replacement benchmark
rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention
for determining a benchmark rate as a replacement to the then-current Benchmark for U.S. dollar-denominated syndicated credit facilities
at such time and (b) the related Benchmark Replacement Adjustment; provided that, if such Benchmark Replacement as so determined
would be less than the Floor, such Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other
Loan Documents.

 

    -3- 

     

    

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

 

“Benchmark
Replacement Date” means a date and time determined by the Administrative Agent (at the direction of the Required Lenders),
which date shall be no later than the earliest to occur of the following events with respect to the then-current Benchmark:

 

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

 

(b)       in
the case of clause (c) of the definition of “Benchmark Transition Event,” the first date on which such Benchmark (or the published
component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator of such
Benchmark (or such component thereof) to be non-representative; provided that such non-representativeness will be determined by
reference to the most recent statement or publication referenced in such clause (c) and even if any Available Tenor of such Benchmark
(or such component thereof) continues to be provided on such date.

 

For the avoidance of doubt, the “Benchmark
Replacement Date” will be deemed to have occurred in the case of clause (a) or (b) with respect to any Benchmark upon the occurrence
of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published
component used in the calculation thereof).

 

“Benchmark Transition
Event” means the occurrence of one or more of the following events with respect to the then-current Benchmark:

 

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

 

    -4- 

     

    

(b)       a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof), the F.R.S Board, the NYFRB, an insolvency official with jurisdiction over the administrator
for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component)
or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component)
which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of
such Benchmark (or such component thereof) permanently or indefinitely; provided that, at the time of such statement or publication,
there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or

 

(c)       a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are not,
or as of a specified future date will not be, representative.

 

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

 

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

 

“Benchmark Unavailability
Period” means, the period (if any) (a) beginning at the time that a Benchmark Replacement Date has occurred if, at such time,
no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance
with Section 4.6 and (b) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes
hereunder and under any Loan Document in accordance with Section 4.6.

 

“Benefit Plan”
means any employee benefit plan, as defined in section 3(3) of ERISA, that either: (a) is a “multiemployer plan,” as defined
in section 3(37) of ERISA, (b) is subject to section 412 of the Code, section 302 of ERISA or Title IV of ERISA, or (c) provides welfare
benefits to terminated employees, other than to the extent required by section 4980B(f) of the Code and the corresponding provisions of
ERISA.

 

    -5- 

     

    

“BHC Act Affiliate”
of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of
such party.

 

“Borrower”
is defined in the preamble.

 

“Business Day”
means any day which is neither a Saturday or Sunday nor a legal holiday on which banks are authorized or required to be closed in New York,
New York or a day on which the Securities Industry and Financial Markets Association recommends that fixed income departments of
its members be closed for the entire day for purposes of trading in United States government securities.

 

“Capital Securities”
means, with respect to any Person, all shares of, interests or participations in, or other equivalents in respect of (in each case however
designated, whether voting or non-voting), of such Person’s capital stock, whether now outstanding or issued after the Amendment
and Restatement Closing Date.

 

“Capitalized Lease
Liabilities” means, with respect to any Person, all monetary obligations of such Person and its Subsidiaries under any leasing
or similar arrangement which have been (or, in accordance with GAAP, should be) classified as capitalized leases, and for purposes of
each Loan Document the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP, and the
stated maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date
upon which such lease may be terminated by the lessee without payment of a premium or a penalty; provided, however, that
all obligations of any Person that are or would have been treated as operating leases for purposes of GAAP prior to the issuance by the
Financial Accounting Standards Board on February 25, 2016 of an Accounting Standards Update (the “ASU”) shall continue
to be accounted for as operating leases for purposes of all financial definitions, calculations and covenants for purpose of this Agreement
(whether or not such operating lease obligations were in effect on such date) notwithstanding the fact that such obligations are required
in accordance with the ASU (on a prospective or retroactive basis or otherwise) to be treated as capitalized lease obligations in accordance
with GAAP.

 

“Cash Equivalent
Investment” means, at any time:

 

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

 

(b)              
commercial paper maturing not more than one year from the date of issue, which is issued by a corporation (other than an
Affiliate of the Borrower or any of its Subsidiaries) organized under the Laws of any state of the United States or of the District of
Columbia and rated A-1 or higher by S&P or P-1 or higher by Moody’s;

 

(c)              
any certificate of deposit, demand or time deposit or bankers acceptance, maturing not more than one year after its date
of issuance, which is issued by or placed with any bank or trust company organized under the Laws of the United States (or any state thereof)
and which has (i) a credit rating of A2 or higher from Moody’s or A or higher from S&P and (ii) a combined capital
and surplus greater than $500,000,000; or

 

    -6- 

     

    

(d)              
investments in money market mutual funds at least 95% of the assets of which are comprised of securities of the types described
in clauses (a) through (c) of this definition.

 

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

 

“cGCP”
means the then current Good Clinical Practices that establish the national and international ethical and scientific quality standards
for designing, conducting, recording and reporting clinical trials that are promulgated or endorsed for the United States by the FDA (including
through ICH E6 and 21 CFR Parts 50, 54, 56 and 312) and for outside the United States by comparable Governmental Authorities.

 

“Change in Control”
means and shall be deemed to have occurred if: (a) any “person” or “group” (within the meaning of Rule 13d-5
of the Exchange Act) shall acquire or own, directly or indirectly, beneficially or of record, determined on a fully diluted basis, more
than 40% of the Voting Securities of the Borrower; (b) a majority of the seats (other than vacant seats) on the board of directors
(or equivalent) of the Borrower shall at any time be occupied by persons who were neither (i) nominated, appointed or approved by the
board of directors of the Borrower nor (ii) appointed by directors so nominated, appointed or approved; (c) the Borrower shall cease to
directly own, beneficially and of record, 100% of the issued and outstanding Capital Securities of the Subsidiaries (other than directors’
qualifying shares or similar shares as required by applicable Law); or (d) a “Major Transaction” (as defined in any Lender
Warrant) shall occur.

 

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

 

“Closing Date Certificate”
means a closing date certificate executed and delivered by an Authorized Officer of the Borrower in accordance with Section 5.3.

 

“CMS” means
the U.S. Centers for Medicare & Medicaid Services.

 

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

 

    -7- 

     

    

“Collateral”
is defined in the Security Agreement.

 

“Commitment”
means, as to each Lender, such Lender’s obligation (if any) to make Loans hereunder.

 

“Commitment Amount”
means, as to each Lender, its obligation to make (or, to the extent such Lender is a Rollover Lender, to maintain and/or continue) a portion
of the Amendment and Restatement Term Loan to the Borrower pursuant to Section 2.1, in the principal amount set forth opposite
such Lender’s name on Schedule 2.1. The aggregate principal amount of the Commitment Amount of all of the Lenders as in effect
on the Amendment and Restatement Closing Date is $35,000,000.

 

“Commitment Fee”
is defined in Section 3.10.

 

“Common Stock”
means the common stock, $0.001 par value per share, of the Borrower

 

“Compliance Certificate”
means a certificate duly completed and executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C
hereto.

 

“Confidential Information”
means any and all information or material (whether written or oral, or in electronic or other form) that, at any time before, on or after
the Amendment and Restatement Closing Date, has been or is provided or communicated to the Receiving Party by or on behalf of the Disclosing
Party pursuant to this Agreement or in connection with the transactions contemplated hereby, and shall include the existence and terms
of this Agreement, other than any such information that is available to the Receiving Party on a non-confidential basis prior to disclosure
by the Disclosing Party.

 

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

 

    -8- 

     

    

“Contingent Liability”
means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable
upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest
in, a debtor, or otherwise to assure a creditor against loss) the Indebtedness of any other Person (other than by endorsements of instruments
in the course of collection), or guarantees the payment of dividends or other distributions upon the Capital Securities of any other Person.
The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed
to be the stated or determined amount of the outstanding debt, obligation or other liability guaranteed thereby, or if not stated or determinable,
the maximum reasonably anticipated amount of such debt, obligation or other liability as determined by such Person in good faith; provided,
however, that such amount shall not in any event exceed the maximum amount for which such Person may be liable under the applicable
agreement, undertaking or arrangement.

 

“Control”
is defined within the definition of “Affiliate.”

 

“Controlled Account”
is defined in Section 7.13(a).

 

“Copyrights”
means all copyrights, whether statutory or common law, and all exclusive and nonexclusive licenses from third parties or rights to use
copyrights owned by such third parties, along with any and all (a) renewals, revisions, extensions, derivative works, enhancements, modifications,
updates and new releases thereof, (b) income, royalties, damages, claims and payments now and hereafter due and/or payable with respect
thereto, including damages and payments for past, present or future Infringements thereof, (c) rights to sue for past, present and future
Infringements thereof, and (d) foreign copyrights and any other rights corresponding thereto throughout the world.

 

“Copyright Security
Agreement” means any Copyright Security Agreement executed and delivered by the Borrower or any of the Subsidiaries in substantially
the form of Exhibit C to the Security Agreement, as amended, supplemented, amended and restated or otherwise modified from time to time.

 

“Covered Party”
is defined in Section 10.20.

 

“Credit Documents”
means the Loan Documents other than the Investment Documents.

 

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

 

“Default”
means any Event of Default or any condition, occurrence or event which, after notice or lapse of time or both, would constitute an Event
of Default.

 

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

 

“Device”
means any instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent, or other similar or related article, including
any component, part, or accessory which is (a) intended for use in the diagnosis of disease or other conditions, or in the cure, mitigation,
treatment, or prevention of disease, in man or other animals, or (b) intended to affect the structure or any function of the body of man
or other animals; and which does not achieve its primary intended purposes through chemical action within or on the body of man or other
animals and which is not dependent upon being metabolized for the achievement of its primary intended purposes.

 

    -9- 

     

    

“Disclosing Party”
means the Party disclosing Confidential Information.

 

“Disclosure Letter”
means the disclosure letter, dated as of the Amendment and Restatement Closing Date (as supplemented by the Borrower pursuant to the terms
of this Agreement), delivered by the Borrower to the Administrative Agent for the benefit of the Lenders.

 

“Disposition”
(or words of similar import such as “Dispose”) means any sale, transfer, lease, license, contribution or other conveyance
(including by way of merger) of, or the granting of options, warrants or other rights to, any of the Borrower’s or its Subsidiaries’
assets (including accounts receivable and Capital Securities of Subsidiaries, but excluding, for the avoidance of doubt, the issuance
of Capital Securities of the Borrower, or sale of treasury Capital Securities of the Borrower, in each case by the Borrower) to any other
Person (other than to the Borrower or any of the Guarantors) in a single transaction or series of transactions.

 

“Disqualified Capital
Securities” shall mean any Capital Securities that, by their terms (or by the terms of any security or other Capital Securities
into which they are convertible or for which they are exchangeable) or upon the happening of any event or condition, (a) mature or are
mandatorily redeemable (other than solely for Qualified Capital Securities), pursuant to a sinking fund obligation or otherwise (except
as a result of a Change in Control or asset sale so long as any rights of the holders thereof upon the occurrence of a Change in 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 Commitment), (b) are redeemable at the option of the holder thereof (other than solely for Qualified Capital
Securities) (except as a result of a Change in Control or asset sale so long as any rights of the holders thereof upon the occurrence
of a Change in 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 Commitment), in whole or in part, (c) provide for the scheduled payment of dividends
in cash or (d) are or become convertible into or exchangeable for Indebtedness or any other Capital Securities that would constitute Disqualified
Capital Securities, in each case of clauses (a) through (d), prior to the date that is 181 days after the Maturity Date;
provided that, if such Capital Securities are issued pursuant to a plan for the benefit of employees of the Borrower or any of
its Subsidiaries, or by any such plan to such employees, such Capital Securities shall not constitute Disqualified Capital Securities
solely because they may be required to be repurchased by the Borrower or its Subsidiaries in order to satisfy applicable statutory or
regulatory obligations.

 

“Division/Series
Transaction” means, with respect to any Person that is a limited liability company organized under the Laws of the State of
Delaware, that any such Person (a) divides into two or more Persons (whether or not the original Person survives such division) or (b)
creates, or reorganizes into, one or more series, in each case, as contemplated under the Laws of the State of Delaware.

 

    -10- 

     

    

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

 

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

 

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

 

“Eligible Assignee”
means any Person that meets the requirements to be an assignee under Section 10.10(b)(iii) and (v) (subject to such consents,
if any, as may be required under Section 10.10(b)(iii)).

 

“Eligible Market”
means the NASDAQ Global Market, the NASDAQ Global Select Market, the NASDAQ Capital Market, the New York Stock Exchange, the NYSE American,
the OTC Bulletin Board, the OTCQX Market or OTCQB Market (or, in each case, any successor thereto).

 

“Environmental Laws”
means all federal, state, local or international laws, statutes, rules, regulations, codes, directives, treaties, requirements, 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, natural resources, Hazardous Material or health and safety matters.

 

“Environmental Liability”
means any liability, loss, claim, suit, action, investigation, proceeding, damage, commitment or obligation, contingent or otherwise (including
any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of or affecting the Borrower or any Subsidiary
directly or indirectly arising from, in connection with or based upon (a) any Environmental Law or Environmental Permit, (b) the generation,
use, handling, transportation, storage, treatment, recycling, presence, disposal, Release or threatened Release of, or exposure to, any
Hazardous Materials, or (c) any contract, agreement, penalty, order, decree, settlement, injunction or other arrangement (including operation
of Law) pursuant to which liability is assumed, entered into, inherited or imposed with respect to any of the foregoing.

 

“Environmental Permit”
is defined in Section 6.7(c).

 

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

 

    -11- 

     

    

“ERISA Affiliate”
means, as applied to any Person, (a) any corporation that is a member of a controlled group of corporations within the meaning of section
414(b) of the Code of which that Person is a member, (b) any trade or business (whether or not incorporated) that is a member of a group
of trades or businesses under common control within the meaning of section 414(c) of the Code of which that Person is a member, or (c)
any member of an affiliated service group within the meaning of section 414(m) or 414(o) of the Code of which that Person, any corporation
described in clause (a) above or any trade or business described in clause (b) above is a member.

 

“Event of Default”
is defined in Section 9.1.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, including the rules and regulations promulgated thereunder.

 

“Excluded Accounts”
is defined in Section 7.13(a).

 

“Existing Credit
Agreement” is defined in the recitals.

 

“Existing Lender”
is defined in the recitals.

 

“Exit Fee”
is defined in Section 3.8.

 

“FATCA”
means Sections 1471 through 1474 of the Code, as of the Amendment and Restatement Closing Date (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, any agreements entered into pursuant to Section 1471(b)(1) of the Code, and any fiscal or regulatory legislation, rules or practices
adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections
of the Code.

 

“FDA” means
the U.S. Food and Drug Administration and any successor entity.

 

“FD&C Act”
means the U.S. Food, Drug, and Cosmetic Act (or any successor thereto), as amended from time to time, and the rules, regulations, guidelines,
guidance documents and compliance policy guides issued or promulgated thereunder.

 

“Federal Funds Rate”
means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members
of the Federal Reserve System arranged by federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the
Business Day next succeeding such day; provided that, if such day is not a Business Day, the Federal Funds Rate for such day shall
be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day.

 

“Fiscal Quarter”
means a quarter ending on the last day of March, June, September or December.

 

“Fiscal Year”
means any period of twelve consecutive calendar months ending on December 31; references to a Fiscal Year with a number corresponding
to any calendar year (e.g., the “2022 Fiscal Year”) refer to the Fiscal Year ending on December 31 of such calendar
year.

 

    -12- 

     

    

“Floor”
means 2.50%.

 

“F.R.S. Board”
means the Board of Governors of the Federal Reserve System or any successor thereto.

 

“FTC Act”
means the Federal Trade Commission Act, as amended.

 

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

 

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

 

“Governmental Authority”
means any national, supranational, federal, state, county, provincial, local, municipal, territorial or other government or political
subdivision thereof, whether domestic or foreign, and any agency, authority, commission, Notified Body, ministry, instrumentality, regulatory
body, court, tribunal, arbitrator, central bank or other Person exercising executive, legislative, judicial, taxing, regulatory or administrative
powers or functions of or pertaining to any such government. For the avoidance of doubt, Governmental Authority shall include the SEC,
the Principal Market, the Financial Industry Regulatory Authority and any agency, branch or other governmental body, entity or panel charged
with the responsibility and/or vested with the authority to administer and/or enforce any health care Laws, including any Medicare or
Medicaid administrators, contractors, intermediaries or carriers.

 

“Guarantee”
means the guarantee executed and delivered by an Authorized Officer of each Guarantor, substantially in the form of Exhibit D
hereto, as amended, supplemented, amended and restated or otherwise modified from time to time.

 

“Guarantor”
means any Person that signs a Guarantee, which shall include all Material Subsidiaries.

 

“Hazardous Material”
means any material, substance, chemical, mixture or waste which is capable of damaging or causing harm to any living organism, the environment
or natural resources, including all explosive, special, hazardous, polluting, toxic, industrial, dangerous, biohazardous, medical, infectious
or radioactive substances, materials or wastes, noise, odor, electricity or heat, and including petroleum or petroleum products, byproducts
or distillates, asbestos or asbestos-containing materials, urea formaldehyde, polychlorinated biphenyls, radon gas, ozone-depleting substances,
greenhouse gases, and all other substances or wastes of any nature regulated pursuant to any Environmental Law or as to which any Governmental
Authority requires investigation, reporting or remedial action.

 

“Hedging Obligations”
means, with respect to any Person, all liabilities of such Person under currency exchange agreements, interest rate swap agreements, interest
rate cap agreements and interest rate collar agreements, and all other agreements or arrangements designed to protect such Person against
fluctuations in interest rates or currency exchange rates.

 

    -13- 

     

    

“herein,”
“hereof,” “hereto,” “hereunder” and similar terms contained in any Loan Document
refer to such Loan Document as a whole and not to any particular Section, paragraph or provision of such Loan Document.

 

“IDE” means
an Investigational Device Exemption, as defined in the FD&C Act.

 

“Illegality Notice”
is defined in Section 4.6.

 

“including”
and “include” means including without limiting the generality of any description preceding such term, and, for purposes
of each Loan Document, the Parties agree that the rule of ejusdem generis shall not be applicable to limit a general statement,
which is followed by or referable to an enumeration of specific matters, to matters similar to the matters specifically mentioned.

 

“Indebtedness”
of any Person means:

 

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

 

(b)              
all obligations, contingent or otherwise, relative to the face amount of all letters of credit, whether or not drawn, and
banker’s acceptances issued for the account of such Person;

 

(c)              
all Capitalized Lease Liabilities of such Person and all obligations of such Person arising under Synthetic Leases;

 

(d)              
net Hedging Obligations of such Person;

 

(e)              
all obligations of such Person in respect of Disqualified Capital Securities;

 

(f)               
whether or not so included as liabilities in accordance with GAAP, all obligations of such Person to pay the deferred purchase
price of property or services (excluding trade accounts payable in the ordinary course of business which are not overdue for a period
of more than 90 days or, if overdue for more than 90 days, as to which a dispute exists and adequate reserves in conformity with GAAP
have been established on the books of such Person), and indebtedness secured by (or for which the holder of such indebtedness has an existing
right, contingent or otherwise, to be secured by) a Lien on property owned or being acquired by such Person (including indebtedness arising
under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person
or is limited in recourse; and

 

(g)              
all Contingent Liabilities of such Person in respect of any of the foregoing.

 

The Indebtedness of any Person shall include the
Indebtedness of any other Person (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 Person, except to the extent the terms
of such Indebtedness provide that such Person is not liable therefor.

 

    -14- 

     

    

“Indemnified Liabilities”
is defined in Section 10.4.

 

“Indemnified Parties”
is defined in Section 10.4.

 

“Infringement”
and “Infringes” mean the misappropriation or other violation of know-how, trade secrets, confidential information,
or Intellectual Property.

 

“Initial Closing
Date” is defined in the recitals.

 

“Initial Lenders”
means DPDF3 and the New Lender, and each of its Approved Funds and Affiliates.

 

“Initial Loan”
is defined in the recitals.

 

“Inside Information”
is defined in Section 7.14(a).

 

“Insolvency Event”
is defined in Section 9.1(h)(iv).

 

“Intellectual Property”
means all: (a) Patents, all patent applications and invention disclosure documents of any type, registrations and renewals, reissues,
reexaminations and patent rights in any lawful form thereof; (b) Trademarks; (c) Copyrights and other works of authorship (registered
or unregistered), and all applications, registrations and renewals therefor; (d) Product Agreements; (e) computer software, databases,
data and documentation; (f) trade secrets and confidential business information, whether patentable or unpatentable and whether or not
reduced to practice, know-how, inventions, manufacturing processes and techniques, research and development information, data and other
information included in or supporting Regulatory Authorizations; (g) financial, marketing and business data, pricing and cost information,
business, finance and marketing plans, customer and prospective customer lists and information, and supplier and prospective supplier
lists and information; (h) other intellectual property or similar proprietary rights; (i) copies and tangible embodiments of any of the
foregoing (in whatever form or medium); and (j) any and all improvements to any of the foregoing which is owned, assigned to or could
by contract be owned or assigned to the Borrower, its Subsidiaries or their respective agents.

 

“Interest Period”
means: (a) initially, the period beginning on (and including) the date on which the Amendment and Restatement Term Loan is made hereunder
pursuant to Section 2.3 and ending on (but not including) the last Business Day of the calendar month in which the Loan was made;
and (b) thereafter, the period beginning on (and including) the last Business Day of the immediately preceding calendar month and ending
on the earlier of (i) (but not including) the last Business Day of such calendar month and (ii) (and including) the Maturity Date.

 

“Investigational
Application” means an authorization to commence human clinical studies or distribute an investigational product, including (a)
an investigational device exemption (IDE), (b) an abbreviated IDE as specified in FDA regulations in 21 C.F.R. § 812.2(b), (c) any
equivalent of a United States IDE in other countries or regulatory jurisdictions, (d) all amendments, variations, extensions and renewals
thereof that may be filed with respect to the foregoing and (e) all related documents and correspondence thereto, including documents
and correspondence with Institutional Review Boards (IRBs).

 

    -15- 

     

    

“Investment”
means, relative to any Person, (a) any loan, advance or extension of credit made by such Person to any other Person, including the purchase
by such Person of any bonds, notes, debentures or other debt securities of any other Person, (b) Contingent Liabilities in favor of any
other Person, and (c) any Capital Securities held by such Person in any other Person. The amount of any Investment shall be the original
principal or capital amount thereof less all returns of principal or equity thereon and shall, if made by the transfer or exchange of
property other than cash, be deemed to have been made in an original principal or capital amount equal to the fair market value of such
property at the time of such Investment.

 

“Investment Documents”
means, collectively, the Lender Warrants, the Warrant Purchase Agreement and the Registration Rights Agreement.

 

“Key Permits”
means all Permits relating to the Products, which Permits are material to the business of the Borrower and its Subsidiaries, taken as
a whole.

 

“knowledge”
of the Borrower means the actual knowledge of any officer of the Borrower or any Subsidiary, after due inquiry.

 

“Laws”
is defined in Section 6.18(a).

 

“Lender”
means each Person identified as a “Lender” on the signature pages hereto and its successors and permitted assigns, which shall
include, for the avoidance of doubt, each Rollover Lender.

 

“Lender Warrants”
means those certain warrants to purchase shares of the Borrower’s common stock issued to the Lenders on the Amendment and Restatement
Closing Date and substantially in the form of Exhibit G hereto.

 

“Lending Office”
means, as to any Lender, the office address of such Lender and, as appropriate, account of such Lender set forth on Schedule 10.2
to the Disclosure Letter or such other address or account as such Lender may from time to time notify the Borrower and the Administrative
Agent.

 

“Lien”
means any security interest, mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or otherwise),
charge against or interest in property, or other priority or preferential arrangement of any kind or nature whatsoever, to secure payment
of a debt or performance of an obligation.

 

“Liquidity”
means, at any time, an amount determined for the Borrower equal to the sum of unrestricted cash-on-hand and Cash Equivalent Investments
of the Borrower, to the extent held in a Controlled Account located in the United States.

 

“Loan Documents”
means, collectively, the Investment Documents, this Agreement, any Notes, the Security Agreement, the Agency Fee Letter, the Disclosure
Letter, the Perfection Certificate, each other agreement pursuant to which a Lien is granted to secure the Obligations (including any
mortgages or other documents entered into pursuant to Section 7.8), any Guarantee, and each other agreement, certificate, document
or instrument delivered in connection with any Loan Document, whether or not specifically mentioned herein or therein.

 

    -16- 

     

    

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

 

“Loan Request”
means a Loan request and certificate duly executed by an Authorized Officer of the Borrower substantially in the form of Exhibit B
hereto.

 

“Loans”
means the Amendment and Restatement Term Loan.

 

“Material Adverse
Effect” means a material adverse effect on (a) the business, condition (financial or otherwise), operations, performance, properties
or prospects of the Borrower and its Subsidiaries taken as a whole, (b) the rights and remedies of any Secured Party under any Loan Document
or (c) the ability of the Borrower or any Subsidiary to perform its material Obligations under any Loan Document.

 

“Material Agreements”
means: (a) each contract or agreement to which the Borrower or any Subsidiary is a party involving either contractual obligations to pay
or has resulted in aggregate payments of more than $1,000,000, whether such payments are being made by the Borrower or any Subsidiary
to a non-Affiliated Person, or by a non-Affiliated Person to the Borrower or any Subsidiary; and (b) all other contracts or agreements,
individually or in the aggregate, material to the business, operations, assets, prospects, condition (financial or otherwise), performance
or liabilities of the Borrower or any Subsidiary.

 

“Material Subsidiary”
means each Subsidiary which: (a) is organized under the laws of the United States, any state thereof, or the District of Columbia; (b)
holds right, title or interest in any Intellectual Property; (c) holds or maintains any material Regulatory Authorization, whether now
in effect or hereafter issued by any Regulatory Agency, other than a Regulatory Authorization directly related to its own business operations,
or holds or maintains any Key Permits received from the FDA or any CE mark, in any case whether now in effect or hereafter issued; (d)
conducts business operations other than commercial sales and general and administrative functions (including accounting, regulatory and
finance functions) directly related to such commercial sales operations; (e) is party to any Material Agreement (other than leases of
real property) other than any Material Agreement between such Subsidiary and the Borrower or another Subsidiary; (f) subject to the last
sentence of this definition with respect to the Specified Subsidiaries, has, together with its Subsidiaries, assets with a book value
or fair market value exceeding the lesser of (x) $3,000,000 in the aggregate and (y) 3.0% of the consolidated total assets of the Borrower
and its Subsidiaries; provided that, if at any time the aggregate book value or the aggregate fair market value of the assets attributable
to all Subsidiaries that are not Material Subsidiaries exceeds the threshold referred to above, the Borrower shall designate sufficient
Subsidiaries as “Material Subsidiaries” to eliminate such excess, and such designated Subsidiaries shall for all purposes
of this Agreement constitute “Material Subsidiaries”; (g) has cash and Cash Equivalent Investments exceeding $500,000
individually for a period of more than 15 calendar days (excluding cash or Cash Equivalent Investments in Excluded Accounts); provided
that, if at any time the aggregate amount of cash and Cash Equivalent Investments attributable to all Subsidiaries that are not Material
Subsidiaries exceeds $500,000, the Borrower shall designate sufficient Subsidiaries as “Material Subsidiaries” to eliminate
such excess, and such designated Subsidiaries shall for all purposes of this Agreement constitute “Material Subsidiaries”;
(h) subject to the last sentence of this definition with respect to the Specified Subsidiaries, as of the most recent Fiscal Quarter of
the Borrower, for the period of four

 

    -17- 

     

    

consecutive
Fiscal Quarters then ended, contributed greater than 10% of the Revenue Base for such period; provided that, if at any time the
aggregate portion of the Revenue Base attributable to all Subsidiaries that are not Material Subsidiaries exceeds 10% of the Revenue
Base for any such period, the Borrower shall designate sufficient Subsidiaries as “Material Subsidiaries” to eliminate
such excess, and such designated Subsidiaries shall for all purposes of this Agreement constitute “Material Subsidiaries;”
or (i) any Subsidiary that qualifies or is designated as a Material Subsidiary notwithstanding such Subsidiary, from time to time, no
longer qualifying as a Material Subsidiary pursuant to clauses (a) through (h) above or the last sentence of this definition. Notwithstanding
clauses (f) and (h) above, contrary, no Specified Subsidiary shall constitute a “Material Subsidiary” until such Specified
Subsidiary would constitute a Material Subsidiary under any of clauses (a), (b), (c), (d), (e), (g) and (i) above or has assets with
a book value or fair market value exceeding 8.5% of the consolidated total assets of the Borrower and its Subsidiaries as of the last
day of each of the two most recently ended Fiscal Quarters of the Borrower; provided further that, if at any time the aggregate
book value or the aggregate fair market value of the assets attributable to all Specified Subsidiaries that are not Material Subsidiaries
exceeds the threshold referred to above as of the last day of each of the two most recently ended Fiscal Quarters of the Borrower, the
Borrower shall designate sufficient Specified Subsidiaries as “Material Subsidiaries” to eliminate such excess, and
such designated Specified Subsidiaries shall for all purposes of this Agreement constitute “Material Subsidiaries”.

 

“Maturity Date”
means June 30, 2027.

 

“MDT” is
defined in the recitals.

 

“MDT Asset Sale”
is defined in the recitals.

 

“MDT Sale Agreement”
means the Asset Purchase Agreement, dated as of April 26, 2022, by and between the Borrower and MDT, as such agreement may be amended,
supplemented, waived or other modified not in violation of Section 8.9.

 

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

 

“Necessary Disclosure”
is defined in Section 7.14(c).

 

“Net Asset Sales
Proceeds” means, with respect to a Disposition (other than Dispositions of inventory permitted by Section 8.8(a) and
the Disposition described in Section 8.8(d)) after the Amendment and Restatement Closing Date by the Borrower or any Subsidiary
to any Person of any assets of the Borrower or its Subsidiaries, the excess of gross cash proceeds received by the Borrower or any Subsidiary
from such Disposition over all reasonable and customary costs, fees and expenses, and including Taxes payable (or estimated in good faith
to be payable) by the recipient of such proceeds, incurred in connection with such Disposition which have not been paid to Affiliates
of the Borrower in connection therewith, but excluding any proceeds required to be paid to a creditor (other than the Lenders) which holds
a first priority Lien securing Purchase Money Indebtedness and Capitalized Lease Liabilities permitted by Section 8.3 on the property
which is the subject of such Disposition.

 

    -18- 

     

    

“Net Casualty Proceeds”
means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any
of the Subsidiaries in connection with such Casualty Event (other than proceeds that are used to repair or replace the assets subject
to such Casualty Event within 180 days of receipt of such proceeds with respect to such Casualty Event with like or similar assets of
substantially equal or better value and utility) in excess of $500,000, individually or in the aggregate, through the Termination Date
(in each case net of all reasonable and customary collection expenses thereof and Taxes payable with respect thereto), but excluding any
proceeds or awards required to be paid to a creditor (other than to the Lenders as required by the Loan Documents) which holds a first
priority Lien permitted by Section 8.3(e) on the property which is the subject of such Casualty Event.

 

“Net Revenue”
means net revenue from commercial sales of Products by the Borrower and its Subsidiaries, as determined in accordance with GAAP. Net Revenue
shall be determined in a manner consistent with the methodologies, practices and procedures used in developing the Borrower’s audited
financial statements.

 

“Non-Excluded Taxes”
means any Taxes other than (a) Taxes imposed on or measured by a Person’s net income, and franchise Taxes with respect to any Lender
imposed by any Governmental Authority under the Laws of which such Lender is organized or in which it maintains its applicable Lending
Office, (b) branch profits Taxes imposed by the United States or any similar Tax imposed by any other jurisdiction described in clause
(a) above, and (c) (i) any withholding Tax that is imposed by the United States on amounts payable to a Lender at the time such Lender
first becomes a party to this Agreement (or designates a new Lending Office), except to the extent that such Lender (or its assignor,
if any) was entitled, at the time of designation of a new Lending Office (or assignment), to receive additional amounts from the Borrower
with respect to such withholding Tax pursuant to Section 4.3(a), (ii) Taxes attributable to a Lender’s failure to comply
with Section 4.3(e) or (iii) any U.S. federal withholding Taxes or other amounts imposed or payable under FATCA.

 

“Note”
means a promissory note of the Borrower payable to a Lender, in the form of Exhibit A hereto (as such promissory note may be amended,
endorsed or otherwise modified from time to time), or such other form as agreed upon by the Administrative Agent and the Borrower, evidencing
the aggregate Indebtedness of the Borrower to such Lender resulting from the outstanding amount of such Loans, and also means all other
promissory notes accepted from time to time in substitution therefor or renewal thereof.

 

“Notified Body”
means an entity licensed, authorized or approved by the applicable government agency, department or other authority to assess and certify
the conformity of a Device with the requirements of the EU Medical Devices Directive or Medical Device Regulation, as may be applicable.

 

“NYFRB”
means the Federal Reserve Bank of New York.

 

“Obligations”
means all obligations (monetary or otherwise, whether absolute or contingent, matured or unmatured) of the Borrower and each Subsidiary
arising under or in connection with a Loan Document and the principal of and premium, if any, and interest (including interest accruing
during the pendency of any proceeding of the type described in Section 9.1(h), whether or not allowed in such proceeding) on the
Loans (including any Commitment Fee, Exit Fee or Repayment Premium); provided that any obligations arising pursuant to the Investment
Documents are limited to the payment obligations arising thereunder owed to any Initial Lender.

 

    -19- 

     

    

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

 

“Organic Document”
means, relative to the Borrower or any Subsidiary, its certificate of incorporation, by-laws, certificate of partnership, partnership
agreement, certificate of formation, limited liability agreement, operating agreement and all shareholder agreements, voting trusts and
similar arrangements applicable to the Borrower’s or any Subsidiary’s Capital Securities.

 

“Other Administrative
Proceeding” means any administrative proceeding relating to a dispute involving a patent office or other relevant intellectual
property registry which relates to validity, opposition, revocation, ownership or enforceability of the relevant Intellectual Property.

 

“Other Taxes”
means any and all stamp, documentary or similar Taxes, or any other excise or property Taxes or similar levies that arise solely on account
of any payment made or required to be made under any Loan Document or from the execution, delivery, registration, recording or enforcement
of any Loan Document (excluding, for the avoidance of doubt, Taxes described in clauses (a), (b) or (c) of the definition
of Non-Excluded Taxes).

 

“Outside Counsel”
means, in respect of any Lender, such Lender’s outside counsel as may be designated from time to time by such Lender for purposes
hereof and the other Loan Documents (including, to the extent applicable, receiving notices and communications hereunder and under the
other Loan Documents). The initial Outside Counsel for the Lenders upon the Amendment and Restatement Closing Date shall be Katten Muchin
Rosenman LLP (Attention: Mark D. Wood).

 

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

 

“Party”
and “Parties” have the meanings set forth in the preamble.

 

“Patent”
means any patent, any type of patent application or invention disclosure, including all divisions, continuations, continuations in-part,
provisionals, continued prosecution applications, substitutions, reissues, reexaminations, inter partes review, post-grant review by or
any other type of proceeding involving patents and patent applications before any patent office or other Governmental Authority, renewals,
extensions, adjustments, restorations, supplemental protection certificates and patent rights in any form and other additions in connection
therewith, whether in or related to the United States or any foreign country or other jurisdiction.

 

“Patent Security
Agreement” means any Patent Security Agreement executed and delivered by the Borrower or any of the Subsidiaries in substantially
the form of Exhibit A to the Security Agreement, as amended, supplemented, amended and restated or otherwise modified from time to time.

 

    -20- 

     

    

“Perfection Certificate”
means a certificate, in form and substance satisfactory to the Administrative Agent, setting forth certain matters with respect to the
assets and properties of the Borrower and its Subsidiaries.

 

“Permits”
means all permits, licenses, registrations, certificates, orders, approvals, clearances, authorizations, consents, waivers, franchises,
variances and similar rights issued by or obtained from any Governmental Authority or any other Person, including those relating to Environmental
Laws and Regulatory Authorizations.

 

“Permitted Acquisition”
means (i) [reserved] and (ii) the purchase or other acquisition (through one transaction or a series of related and substantially contemporaneous
transactions) of all or substantially all of the Capital Securities (other than qualifying directors shares) in, or all or substantially
all of the property of, or all or substantially all of any business or division of, any Person (other than any joint venture owned by
another Person that is purchased or acquired) that, upon the consummation thereof, will be wholly owned directly by the Borrower or one
or more of its wholly owned Subsidiaries (including as a result of a merger or consolidation); provided that, with respect to each
Permitted Acquisition:

 

(a)       the
Borrower and each Subsidiary and any such newly-created or acquired Subsidiary shall comply with the requirements of Section 7.8;

 

(b)       the
lines of business of the Person to be (or the property of which is to be) so purchased or otherwise acquired shall be permitted pursuant
to Section 8.1;

 

(c)       in
the case of a purchase or other acquisition of the Capital Securities of another Person, the board of directors (or other comparable governing
body) and, if required under applicable Law, the stockholders or equity holders, of such other Person shall have duly approved such purchase
or other acquisition;

 

(d)       the
total cash and non-cash consideration paid by or on behalf of the Borrower and its Subsidiaries for any such purchase or other acquisition,
when aggregated with the consideration paid by or on behalf of the Borrower and its Subsidiaries for all other Permitted Acquisitions
after the Amendment and Restatement Closing Date shall not exceed the aggregate amount of $500,000 in any Fiscal Year and an aggregate
cumulative amount of $2,000,000;

 

(e)       such
acquisition shall not be hostile and shall have been approved by the board of directors (or equivalent governing body) and/or the holders
of the Capital Securities of such Person subject to such acquisition; and

 

(f)       immediately
before and after giving effect to any such purchase or other acquisition, no Default or Event of Default, shall exist or result therefrom.

 

“Permitted Subordinated
Indebtedness” means Indebtedness incurred after the Amendment and Restatement Closing Date by the Borrower or the Subsidiaries
that is (a) subordinated to the Obligations and all other Indebtedness owing from the Borrower or the Subsidiaries to the Secured Parties
pursuant to a written subordination agreement satisfactory to the Required Lenders in their sole discretion and (b) in an amount and on
terms approved by the Required Lenders in their sole discretion.

 

    -21- 

     

    

“Person”
means any natural person, corporation, limited liability company, partnership, joint venture, association, trust or unincorporated organization,
Governmental Authority or any other legal entity, whether acting in an individual, fiduciary or other capacity.

 

“Prime Rate”
means (a) the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The
Wall Street Journal ceases to quote such rate, the per annum interest rate published by the F.R.S. Board in Federal Reserve Statistical
Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any
similar rate quoted therein (as determined by the Administrative Agent at the direction of the Required Lenders) or any similar release
by the F.R.S. Board (as determined by the Administrative Agent at the direction of the Required Lenders) minus (b) 1.00%;
provided that if the Prime Rate shall be less than the Floor, such rate shall be deemed to be the Floor for the purposes of this
Agreement.

 

“Principal Trading
Market” means the NASDAQ Global Select Market (or any successor to the foregoing); provided, however, if the Common
Stock is delisted from the NASDAQ Global Select Market and immediately thereupon listed or quoted on another Eligible Market, “Principal
Trading Market” shall mean such other Eligible Market.

 

“Privacy Laws”
means all applicable security and privacy standards regarding protected health information under (a) the Health Insurance Portability
and Accountability Act of 1996, as amended by the Health Information Technology for Economic and Clinical Health Act of 2009, including
the regulations promulgated thereunder and (b) any applicable state privacy Laws.

 

“Product”
means the Advanced Cardiac Mapping Technology (“AcQMap”) and AcQMap non-contact catheter and related software and accessories
developed by the Borrower, and any current or future service or product (including software products and services) researched, designed,
developed, manufactured, licensed, marketed, sold, performed, distributed or otherwise commercialized by the Borrower or any of its Subsidiaries,
including any such product in development or which may be developed.

 

“Product Agreement”
means each agreement, license, document, instrument, interest (equity or otherwise) or the like under which one or more parties grants
or receives any right, title or interest with respect to any Product Development and Commercialization Activities in respect of one or
more Products specified therein or to exclude third parties from engaging in, or otherwise restricting any right, title or interest as
to any Product Development and Commercialization Activities with respect thereto, including each contract or agreement with suppliers,
manufacturers, distributors, clinical research organizations, hospitals, group purchasing organizations, wholesalers, pharmacies or any
other Person related to any such entity.

 

“Product Development
and Commercialization Activities” means, with respect to any Product, any combination of research, development, manufacture,
import, use, sale, importation, storage, labeling, marketing, promotion, supply, distribution, testing, packaging, purchasing or other
commercialization activities, receipt of payment in respect of any of the foregoing, or like activities the purpose of which is to commercially
exploit such Product.

 

    -22- 

     

    

“Purchase Money Indebtedness”
means Indebtedness: (a) consisting of the deferred purchase price for equipment incurred in connection with the acquisition of such equipment,
where the amount of such Indebtedness does not exceed the greater of (i) the cost of the equipment being financed and (ii) the fair market
value of such equipment; and (b) incurred to finance such acquisition by the Borrower or a Subsidiary of such equipment.

 

“QFC” has
the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C.
5390(c)(8)(D).

 

“QFC Credit Support”
is defined in Section 10.20.

 

“QSR” means
quality systems regulation requirements related to the organizational structure, responsibilities, procedures, processes, and resources
for implementing quality management for the manufacturing of Devices, as set forth in 21 CFR Part 820.

 

“Qualified Capital
Securities” shall mean any Capital Securities that are not Disqualified Capital Securities.

 

“Receiving Party”
means the Party receiving Confidential Information.

 

“Recipients”
is defined in Section 10.14.

 

“Refinancing”
is defined in the recitals.

 

“Register”
has the meaning specified in Section 10.10(c).

 

“Registration Rights
Agreement” means that certain Registration Rights Agreement, dated as of the Amendment and Restatement Closing Date, entered
into by the Persons parties thereto and substantially in the form of Exhibit I hereto, as amended, restated, supplemented or otherwise
modified from time to time in accordance with the terms thereof.

 

“Regulatory Agencies”
means any Governmental Authority that is concerned with the use, control, safety, efficacy, reliability, manufacturing, testing, marketing,
distribution, sale or other Product Development and Commercialization Activities relating to any Product of the Borrower or any of the
Subsidiaries, including CMS, FDA, and all similar agencies in other jurisdictions, and includes Standard Bodies and Notified Bodies.

 

“Regulatory Authorizations”
means all approvals, clearances, notifications, authorizations, orders, exemptions, registrations, listings, certifications, licenses
and permits granted by, submitted to or filed with any Regulatory Agencies necessary for the testing, manufacture, development, distribution,
use, storage, import, export, transport, promotion, marketing, sale or other commercialization of any Product in any country or jurisdiction,
including any Investigational Application, IDE, premarket approval application (PMA), premarket notification submission (510(k)), and
humanitarian device exemption (HDE).

 

    -23- 

     

    

“Related Parties”
means, with respect to any Person, such Person’s Affiliates and the stockholders, members, partners, directors, officers, employees,
agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates.

 

“Release”
means any releasing, disposing, discharging, injecting, spilling, leaking, leaching, pumping, pouring, dumping, depositing, emitting,
escaping, emptying, seeping, dispersal, migrating or placing, including movement through, into or upon the environment or any natural
or man-made structure.

 

“Relevant Governmental
Body” means the F.R.S. Board and/or the NYFRB, or a committee officially endorsed or convened by the F.R.S. Board and/or the
NYFRB, or any successor thereto.

 

“Repayment Premium”
means a premium of:

 

(a)       five
percent (5.00%) of the principal amount of any prepayment or repayment of the Borrower on the applicable Loan, if such prepayment or repayment
is made or required to be made on or prior to the third anniversary of the Amendment and Restatement Closing Date;

 

(b)       two
and one-half percent (2.50%) of the principal amount of any prepayment or repayment of the Borrower on the applicable Loan, if such prepayment
or repayment is not required to be made prior to, and is made or required to be made after the third anniversary of the Amendment and
Restatement Closing Date, but on or prior to the fourth anniversary of the Amendment and Restatement Closing Date; or

 

(c)        one
percent (1.00%) of the principal amount of any prepayment or repayment of the Borrower on the applicable Loan, if such prepayment or repayment
is not required to be made prior to, and is made or required to be made after the fourth anniversary of the Amendment and Restatement
Closing Date, but prior to the fifth anniversary of the Amendment and Restatement Closing Date.

 

“Required Lenders”
means Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures of all Lenders.

 

“Restricted Payment”
means (a) the declaration or payment of any dividend (other than dividends payable solely in Capital Securities (other than Disqualified
Capital Securities)) on, or the making of any payment or distribution on account of, or setting apart assets for a sinking or other analogous
fund for the purchase, redemption, defeasance, retirement or other acquisition of, any class of Capital Securities of the Borrower or
any Subsidiary or any warrants, options or other right or obligation to purchase or acquire any such Capital Securities, whether now or
hereafter outstanding, or (b) the making of any other distribution in respect of such Capital Securities, in each case either directly
or indirectly, whether in cash, property or obligations of the Borrower or any Subsidiary or otherwise.

 

“Revenue Base”
means, with respect to any period, the Net Revenues of all Products for such period.

 

    -24- 

     

    

“Rollover Amount”
is defined in the recitals.

 

“Rollover Lender”
is defined in the recitals.

 

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

 

“Sanctions”
means any international economic sanction administered or enforced by the United States government (including OFAC), the United Nations
Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority.

 

“SEC” means
the U.S. Securities and Exchange Commission.

 

“SEC Documents”
means all reports, schedules, forms, statements and other documents filed by the Borrower or any of its Subsidiaries with the SEC pursuant
to the Securities Act or the Exchange Act (including all financial statements and schedules included therein, all exhibits thereto and
all documents incorporated by reference therein).

 

“Secured Parties”
means the Lenders and the Administrative Agent, and, notwithstanding anything contained in any other Loan Document (including any definition
of the term “Secured Party” or “Secured Parties” that may be contained therein), for purposes of this Agreement
and any other Loan Document “Secured Parties” (and “Secured Party”) includes each Initial Lender in its capacity
as a holder of the Lender Warrants and is read and construed herein and therein to include each such party in such capacity.

 

“Securities” means the Loans,
the Notes, the Guarantees, the Lender Warrants and the Warrant Shares.

 

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

 

“Security Agreement”
means the Pledge and Security Agreement executed and delivered by each of the parties thereto, substantially in the form of Exhibit
E hereto, as amended, supplemented, amended and restated or otherwise modified from time to time.

 

“Solvent”
means, with respect to any Person on a particular date, that on such date (a) the fair value of the property of such Person is greater
than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair saleable value of the assets
of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become
absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond its ability
to pay as such debts and liabilities mature, (d) such Person is not engaged in a business or a transaction, and is not about to engage
in a business or a transaction, for which the property of such Person would constitute an unreasonably small capital and (e) such Person
has not executed this Agreement or any other Loan Document, or made any transfer or incurred any obligations hereunder or thereunder,
with actual intent to hinder, delay or defraud either present or future creditors. The amount of Contingent Liabilities at any time shall
be computed as the amount that, in light of all the facts and circumstances existing at such time, can reasonably be expected to become
an actual or matured liability.

 

    -25- 

     

    

“Specified Subsidiaries”
means Acutus Medical, N.V. and Acutus Medical UK Limited.

 

“Standard Bodies”
means any of the organizations that create, sponsor or maintain safety, quality or other standards, including ISO, ANSI, CEN and SCC and
the like.

 

“Subsidiary”
means, with respect to any Person, any other Person of which more than 50% of the outstanding Voting Securities of such other Person (irrespective
of whether at the time Capital Securities of any other class or classes of such other Person shall or might have voting power upon the
occurrence of any contingency) is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more
other Subsidiaries of such Person, or by one or more other Subsidiaries of such Person. Unless the context otherwise specifically requires,
the term “Subsidiary” shall be a reference to a Subsidiary of Borrower.

 

“Supported QFC”
is defined in Section 10.20.

 

“Synthetic Lease”
means, as applied to any Person, any lease (including leases that may be terminated by the lessee at any time) of any property (whether
real, personal or mixed) (a) that is not a capital lease in accordance with GAAP and (b) in respect of which the lessee retains or obtains
ownership of the property so leased for federal income Tax purposes, other than any such lease under which that Person is the lessor.

 

“Taxes”
means all income, stamp or other taxes, duties, levies, imposts, charges, assessments, fees, deductions or withholdings, now or hereafter
imposed, levied, collected, withheld or assessed by any Governmental Authority, and all interest, additions to tax, penalties or similar
liabilities with respect thereto.

 

“Term SOFR”
means the greater of (a) for the applicable Interest Period, the forward-looking secured overnight financing rate administered by the
CME Group, Inc. (or other administrator selected by the Administrative Agent (at the direction of the Required Lenders)) and published
on the applicable Bloomberg LP screen page (or such other commercially available source providing such quotations as may be selected by
the Administrative Agent (at the direction of the Required Lenders)), fixed by the administrator thereof two (2) Business Days prior to
the commencement of the applicable Interest Period (provided, however, if Term SOFR is not published for such Business Day,
then Term SOFR shall be determined by reference to the immediately preceding Business Day on which such rate is published), rounded upwards
if necessary, to the next 1/8th of 1% and adjusted for reserves if the Administrative Agent (at the direction of the Required Lenders)
determines that any Lender is required to maintain reserves with respect to the relevant Loans, all as determined by the Administrative
Agent in accordance with this Agreement and the Administrative Agent’s loan systems and procedures periodically in effect, plus
0.10% and (b) the Floor.

 

“Termination Date”
means the date on which all Obligations (other than inchoate indemnity obligations and as otherwise modified pursuant to the proviso below,
if applicable) have been paid in full in cash and the Commitment shall have terminated; provided, that, notwithstanding anything
contained in this Agreement or any other Loan Documents, prior to an Event of Default or an acceleration of the Obligations (whether under
the Investment Documents or any other Loan Document) or exercise of rights and remedies by the Administrative Agent or the Lenders, “Obligations”
as used herein shall not include any Obligations arising pursuant to the Investment Documents.

 

    -26- 

     

    

“Third Party”
means any Person other than the Borrower or any of its Subsidiaries.

 

“Total Credit Exposure”
means, as to any Lender at any time, the Outstanding Amount of the Loans of such Lender at such time.

 

“Trademark”
means any trademark, whether registered or not, service mark, trade name, logo, symbol, trade dress, trade style, domain name, corporate
name, company name, fictitious business name, certification mark, collective mark or other business identifier or indicator of source
or origin, and all applications, registrations and renewals therefor, together with all of the goodwill associated therewith.

 

“Trademark Security
Agreement” means any Trademark Security Agreement executed and delivered by the Borrower or any of the Subsidiaries substantially
in the form of Exhibit B to any Security Agreement, as amended, supplemented, amended and restated or otherwise modified from time
to time.

 

“Transactions”
is defined in the recitals.

 

“U.S. Special Resolution
Regimes” is defined in Section 10.20.

 

“UCC” means
the Uniform Commercial Code as in effect from time to time in the State of New York; provided that, if, with respect to any financing
statement or by reason of any provisions of Law, the perfection or the effect of perfection or non-perfection of the security interests
granted to any Secured Party pursuant to the applicable Loan Document is governed by the Uniform Commercial Code as in effect in a jurisdiction
of the United States other than New York, then “UCC” means the Uniform Commercial Code as in effect from time to time in such
other jurisdiction for purposes of the provisions of such Loan Document and any financing statement relating to such perfection or effect
of perfection or non-perfection.

 

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

 

“United States”
or “U.S.” means the United States of America, its fifty states, its territories and jurisdictions, and the District
of Columbia.

 

“Voting Securities”
means, with respect to any Person, Capital Securities of any class or kind ordinarily having the power to vote for the election of directors,
managers or other voting members of the governing body of such Person.

 

“Warrant Purchase
Agreement” means that certain Warrant Purchase Agreement, dated as of the Amendment and Restatement Closing Date, by and among
the Borrower and the Purchasers (as defined therein).

 

    -27- 

     

    

“Warrant Shares”
means a number of shares of Common Stock sufficient to cover all shares of Common Stock issuable upon exercise of all Lender Warrants
(computed without regard to any limitations on the number of shares that may be issued upon exercise).

 

“wholly owned Subsidiary”
means any direct or indirect Subsidiaries of Borrower, all of the outstanding Capital Securities of which (other than any director’s
qualifying shares or investments by foreign nationals mandated by applicable Laws) is owned directly or indirectly by Borrower.

 

“Wilmington Trust”
means Wilmington Trust, National Association, in its capacity as the Administrative Agent.

 

“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
1.2 Use of Defined Terms. Unless otherwise defined or the context otherwise requires, terms for which meanings are provided
in this Agreement shall have such meanings when used in each other Loan Document and the schedules attached hereto.

 

SECTION
1.3 Cross-References. Unless otherwise specified, references in a Loan Document to any Article or Section are references
to such Article or Section of such Loan Document, and references in any Article, Section or definition to any clause are references to
such clause of such Article, Section or definition.

 

SECTION
1.4 Accounting and Financial Determinations. Unless otherwise specified, all accounting terms used in each Loan Document
shall be interpreted, and all accounting determinations and computations thereunder (including under Section 8.4 and the definitions
used in such calculations) shall be made, in accordance with GAAP, as in effect from time to time; provided that, if either the
Borrower or the Required Lenders request an amendment to any provision hereof to eliminate the effect of any change occurring after the
Amendment and Restatement Closing Date in GAAP or the application thereof on the operation of such provision, regardless of whether any
such notice is given before or after such change in GAAP or the application thereof, then such provision shall be interpreted on the basis
of GAAP in effect and applied immediately before such change shall have become effective until such request shall have been withdrawn
or such provision amended in accordance herewith; provided, further, that all obligations of any Person that are or would
have been treated as operating leases for purposes of GAAP prior to the issuance by the Financial Accounting Standards Board on February
25, 2016 of the ASU shall continue to be accounted for as operating leases for purposes of all financial definitions, calculations and
covenants for purpose of this Agreement (whether or not such operating lease obligations were in effect on such date) notwithstanding
the fact that such obligations are required in accordance with the ASU (on a prospective or retroactive basis or otherwise) to be treated
as capitalized lease obligations in accordance with GAAP. Unless otherwise expressly provided, all financial covenants and defined financial
terms shall be computed on a consolidated basis for the Borrower and the Subsidiaries, in each case without duplication.

 

    -28- 

     

    

ARTICLE
II

COMMITMENT AND BORROWING PROCEDURES

 

SECTION
2.1 Commitment and Lender Warrants.

 

(a)              
On the terms and subject to the conditions of this Agreement, each Lender severally agrees to make and otherwise maintain
and/or continue its portion of the Amendment and Restatement Term Loan to the Borrower on the Amendment and Restatement Closing Date in
an aggregate principal amount equal to (but not less than) such Lender’s Commitment Amount. It is understood and agreed that, subject
to clause (b) below, the Initial Loans made on the Initial Closing Date will be refinanced in full as of the Amendment and Restatement
Closing Date. No amounts paid or prepaid with respect to the Amendment and Restatement Term Loan may be reborrowed.

 

(b)              
The Rollover Lender has elected a “cashless roll” of the remaining portion of its Initial Loans that has not
been repaid and shall be deemed to have made an Amendment and Restatement Term Loan to the Borrower on the Amendment and Restatement Closing
Date in an aggregate principal amount equal to the Rollover Amount and, the Initial Loan of such Rollover Lender shall be deemed to have
been maintained and/or continued from the Existing Credit Agreement and shall, upon the occurrence of the Amendment and Restatement Closing
Date, continue as an Amendment and Restatement Term Loan in an aggregate principal amount equal to such Rollover Lender’s Rollover
Amount.

 

(c)              
The Borrower and the Lenders acknowledge and agree that the Lender Warrants and the Loans with respect to which the Lender
Warrants are issued as part of an “investment unit” within the meaning of Section 1273(c)(2) of the Code.  The Borrower
and the Lenders have mutually agreed to allocate $0.49 (per share of common stock issuable upon exercise of the Lender Warrants) of the
issue price of each such investment unit (determined in accordance with Section 1273(c)(2) of the Code) to each Lender Warrant for purposes
of determining the amount of original issue discount with respect to the Loans.  The Borrower and the Lenders agree to file all applicable
tax returns in a manner consistent with such allocation and not to take any position on any tax return or in any tax proceeding that is
inconsistent with such allocation, unless otherwise required by a contrary “determination” within the meaning of Section 1313
of the Code.

 

SECTION
2.2 Borrowing Procedure. The Borrower may irrevocably request that the Amendment and Restatement Term Loan be made by delivering
to the Administrative Agent a Loan Request on or before 10:00 a.m. on a Business Day at least one Business Day prior to the proposed
Amendment and Restatement Closing Date.

 

    -29- 

     

    

SECTION
2.3 Funding. After receipt of the Loan Request for the Amendment and Restatement Term Loan, the Administrative Agent shall
promptly notify each Lender of the amount of such Lender’s portion of the Amendment and Restatement Term Loan. Each Lender shall,
on the Amendment and Restatement Closing Date and subject to the terms and conditions hereof, make the requested proceeds of such Lender’s
portion of the Amendment and Restatement Term Loan available to or as instructed by the Administrative Agent. Upon satisfaction of the
applicable conditions set forth in Article V, the Administrative Agent shall make all funds so received available to the Borrower
by wire transfer to the account the Borrower shall have specified in its Loan Request in an amount equal to (but not less than) the Lenders’
Commitment Amount.

 

SECTION
2.4 Reduction of the Commitment Amounts. The Commitment Amount shall automatically and permanently be reduced to zero on
the Amendment and Restatement Closing Date.

 

ARTICLE
III

REPAYMENTS, PREPAYMENTS, INTEREST AND FEES

 

SECTION
3.1 Repayments and Prepayments; Application. The Borrower agrees that the Loans, and any fees or interest accrued or accruing
thereon, shall be repaid and prepaid solely in U.S. dollars pursuant to the terms of this Article III.

 

SECTION
3.2 Repayments and Prepayments. The Borrower shall repay in full the unpaid principal amount of the Loans on the Maturity
Date. Prior thereto, payments and prepayments of the Loans shall be made as set forth below.

 

(a)              
The Borrower shall have the right, with at least three Business Days’ notice to the Administrative Agent, at any time
and from time to time to prepay any unpaid principal amount of the Loans, in whole or in part.

 

(b)              
Within three Business Days of receipt by the Borrower or any Subsidiary of any (i) Net Casualty Proceeds or (ii) Net Asset
Sales Proceeds, the Borrower shall notify the Administrative Agent and Lenders thereof. If requested by the Required Lenders, the Borrower
shall within three Business Days of such request make a mandatory prepayment of the Loans, in an amount equal to 100% of such Net Casualty
Proceeds or Net Asset Sales Proceeds, as the case may be (or such lesser amount as the Required Lenders may specify on the date of such
request), to be applied as set forth in Section 3.3.

 

(c)              
The Borrower shall repay the Loans in full immediately upon any acceleration of the Maturity Date thereof pursuant to Section
9.2 or Section 9.3, unless, pursuant to Section 9.3, only a portion of the Loans is so accelerated (in which case the
portion so accelerated shall be so repaid).

 

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(d)              
The principal amount of the Loans shall be paid in installments on the dates and in the respective amounts shown below (as
adjusted to the extent of any repayment or prepayment in accordance with the terms of this Agreement):

 

	Date of Payment	Amount Due
	June 30, 2025	$5,250,000.00
	June 30, 2026	$5,250,000.00
	Maturity Date	$24,500,000.00

 

SECTION
3.3 Application. Except as provided in Section 4.4(b), amounts repaid or prepaid in respect of the outstanding principal
amount of the Loans pursuant to Section 3.2 shall be applied pro rata to the Amendment and Restatement Term Loan and in the inverse
order of maturity.

 

SECTION
3.4 Interest Rate. During any applicable Interest Period, the Loans shall accrue interest during such Interest Period at
a rate per annum equal to the sum of (a) the Applicable Margin plus (b) the Term SOFR for such Interest Period. The interest rate
shall be recalculated and, if necessary, adjusted for each Interest Period, in each case pursuant to the terms hereof.

 

SECTION
3.5 Default Rate. At all times commencing upon the date any Event of Default occurs, and continuing until such Event of
Default is no longer continuing, the Applicable Margin shall be increased by an additional 10.00% from the then existing per annum amount.

 

SECTION
3.6 Payment Dates. Interest accrued on the Loans shall be payable in cash, without duplication:

 

(a)              
on the Maturity Date;

 

(b)              
on the date of any payment or prepayment, in whole or in part, of principal outstanding on such Loan on the principal amount
so paid or prepaid;

 

(c)              
on the last Business Day of each calendar month; and

 

(d)              
on that portion of the Loans that is accelerated pursuant to Section 9.2 or Section 9.3, immediately upon
such acceleration.

 

Interest accrued on the Loans or other monetary
Obligations after the date such amount is due and payable (whether on the Maturity Date, upon acceleration or otherwise) shall be payable
upon demand.

 

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SECTION
3.7 Repayment Premium. Upon the prepayment or repayment of all or any portion of any Loans (or upon the date any such prepayment
or repayment is required to be paid), whether pursuant to Section 9.2 or Section 9.3, or otherwise, the Borrower shall pay
to the Administrative Agent for the account of each Lender, in cash, on the date on which such prepayment or repayment is paid or required
to be paid, as the case may be, in addition to the other Obligations (including the Exit Fee and the Commitment Fee) so prepaid, repaid
or required to be prepaid or repaid, the Repayment Premium that is applicable on such date with respect to the portion of each Loan of
such Lender so prepaid, repaid or required to be prepaid or repaid.

 

SECTION
3.8 Exit Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender, in cash (the “Exit
Fee”) upon the prepayment or repayment of any or all of the Loans (or upon the date any such prepayment or repayment is required
to be paid), whether pursuant to Section 9.2 or Section 9.3, or otherwise, on the date on which such prepayment or repayment
is paid or required to be paid, as the case may be, in addition to the other Obligations (including the Repayment Premium and Commitment
Fee, if any) so prepaid, repaid or required to be prepaid or repaid, a fee in an amount equal to five percent (5.00%) of the principal
amount of the Loans of such Lender prepaid, repaid or required to be prepaid or repaid, as the case may be, on such date. The Exit Fee
is fully earned on the Amendment and Restatement Closing Date and shall be due and payable in cash upon each such prepayment or repayment
of the Loan.

 

SECTION
3.9 Administration Fee. The Borrower shall pay to the Administrative Agent such fees in the amounts and at the times specified
under the Agency Fee Letter.

 

SECTION
3.10 Commitment Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender, in cash (the “Commitment
Fee”), on the Amendment and Restatement Closing Date, a fully earned, non-refundable commitment fee in an amount equal to one-half
percent (0.50%) of the Commitment Amount of such Lender on the Amendment and Restatement Closing Date. DPDF3 is electing to receive its
Commitment Fee in cash on the Amendment and Restatement Closing Date and the New Lender is electing to deduct its Commitment Fee from
the amount of cash that it is funding on the Amendment and Restatement Closing Date, and in either case, the Commitment Fee with respect
to both Lenders shall be accounted for as original issue discount on the Loans.

 

SECTION
3.11 Payments Generally. Subject to Section 9.3, all payments of principal, interest and any Repayment Premium on
the Loans and all other Obligations payable by any Loan Party under the Credit Documents shall be due, without any presentment thereof,
to the Administrative Agent, at the Administrative Agent’s Office. 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. All repayments and prepayments under
the Credit Documents shall be made to the Lenders on a pro rata basis.

 

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ARTICLE
IV

SOFR AND OTHER PROVISIONS

 

SECTION
4.1 Increased Costs, Etc. The Borrower agrees to reimburse the Lenders for any increase in the cost to the Lenders of, or
any reduction in the amount of any sum receivable by the Lenders in respect of, the Lenders’ Commitments and the making, continuation
or maintaining of the Loans hereunder that may arise in connection with any Change in Law, except for such changes with respect to increased
capital costs and Taxes, which are governed by Section 4.2 and Section 4.3, respectively. The Administrative Agent shall
notify the Borrower in writing of the occurrence of any such event, stating the reasons therefor and the additional amount required fully
to compensate the Lenders for such increased cost or reduced amount. Such additional amounts shall be payable by the Borrower directly
to the Administrative Agent for the accounts of the Lenders within ten Business Days of its receipt of such notice, and such notice shall,
in the absence of manifest error, be conclusive and binding on the Borrower.

 

SECTION
4.2 Increased Capital Costs. If any Change in Law affects or would affect the amount of capital required or expected to
be maintained by any Lender or any Person controlling such Lender, and such Lender determines (in good faith but in its sole and absolute
discretion) that the rate of return on its or such controlling Person’s capital as a consequence of the Commitments or the Loans
made by it hereunder is reduced to a level below that which such Lender or such controlling Person could have achieved but for the occurrence
of any such circumstance, then upon notice from time to time by such Lender to the Borrower, the Borrower shall within ten Business Days
following receipt of such notice pay directly to the Administrative Agent for the account of such Lender additional amounts sufficient
to compensate such Lender or such controlling Person for such reduction in rate of return. A statement of such Lender as to any such additional
amount or amounts shall, in the absence of manifest error, be conclusive and binding on the Borrower. In determining such amount, such
Lender may use any method of averaging and attribution that it (in its reasonable discretion) shall deem applicable.

 

SECTION
4.3 Taxes. The Borrower covenants and agrees as follows with respect to Taxes:

 

(a)              
Except as required by applicable Law, any and all payments by the Borrower or any Subsidiary under each Loan Document shall
be made free and clear of, and without deduction or withholding for or on account of, any Taxes. In the event that any Taxes are imposed
and required to be deducted or withheld from any payment required to be made by the Borrower or any of the Subsidiaries to or on behalf
of the Lenders under any Loan Document, then:

 

(i)                
if such Taxes are Non-Excluded Taxes, the amount of such payment shall be increased as may be necessary so that such payment
is made, after withholding or deduction for or on account of such Non-Excluded Taxes, in an amount that is not less than the Lender would
have received had no such withholding or deduction for Non-Excluded Taxes been made; and

 

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(ii)             
the Borrower or such Subsidiary shall deduct or withhold the full amount of such Taxes from such payment (as increased pursuant
to clause (a)(i)) and shall pay such amount to the Governmental Authority imposing such Taxes in accordance with applicable Law.

 

(b)              
In addition, the Borrower or the applicable Subsidiary shall pay all Other Taxes imposed to the relevant Governmental Authority
imposing such Other Taxes in accordance with applicable Law.

 

(c)              
As promptly as practicable after the payment of any Taxes or Other Taxes required to be paid by the Borrower under Section
4.3(a) or (b), and in any event within 45 days of any such payment being due, the Borrower shall furnish to the Administrative
Agent a copy of an official receipt (or a certified copy thereof) evidencing the payment of such Taxes or Other Taxes.

 

(d)              
The Borrower shall indemnify each Lender for any Non-Excluded Taxes and Other Taxes levied, imposed or assessed on (and
whether or not paid directly by) such Lender whether or not such Non-Excluded Taxes or Other Taxes are correctly or legally asserted by
the relevant Governmental Authority. Promptly upon having knowledge that any such Non-Excluded Taxes or Other Taxes have been levied,
imposed or assessed, and promptly upon notice thereof by such Lender, the Borrower shall pay such Non-Excluded Taxes or Other Taxes directly
to the relevant Governmental Authority (provided that such Lender shall not be under any obligation to provide any such notice
to the Borrower). In addition, the Borrower shall indemnify each Lender for any incremental Taxes that may become payable by such Lender
as a result of any failure of the Borrower to pay any Taxes when due, pursuant to clause (a)(ii) or (b), to the appropriate Governmental
Authority or to deliver to such Lender, pursuant to clause (c), documentation evidencing the payment of Taxes or Other Taxes. With
respect to indemnification for Non-Excluded Taxes and Other Taxes actually paid by each Lender or the indemnification provided in the
immediately preceding sentence, such indemnification shall be made within 30 days after the date such Lender makes written demand therefor.
The Borrower acknowledges that any payment made to any Lender or to any Governmental Authority in respect of the indemnification obligations
of the Borrower provided in this clause (d) shall constitute a payment in respect of which the provisions of clause (a)
and this clause (d) shall apply.

 

(e)              
The Lender, or any assignee of Lender’s rights hereunder or replacement of Lender hereunder if applicable, shall upon
reasonable request of Borrower furnish to Borrower IRS Form W-9, IRS Form W-8BEN or IRS Form W-8BEN-E (or other appropriate version of
IRS Form W-8), as applicable, and such other tax forms and information that it is legally permitted to provide to Borrower as necessary
for tax reporting or withholding requirements of Borrower (including, for the avoidance of doubt, any requirements under FATCA).

 

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(f)               
Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has
received a refund of any Taxes as to which it has been indemnified pursuant to this Section 4.3 (including by the payment
of additional amounts pursuant to this Section), it shall pay to the indemnifying party an amount equal to such refund (but only to the
extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses
(including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority
with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party
the amount paid over pursuant to this paragraph (f) (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 (f), in no event will the indemnified party be required to pay any amount to an indemnifying party
pursuant to this paragraph (h) the payment of which would place the indemnified party in a less favorable net after-Tax position
than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted,
withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This
paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating
to its Taxes that it deems confidential) to the indemnifying party or any other Person.

 

(g)              
For purposes of sections 1272, 1273 and 1275 of the Code and the U.S. Department of Treasury regulations thereunder, the
Loans are being issued with original issue discount. Requests for information regarding the issue price, amount of original issue discount,
issue date, and yield to maturity on the Loans shall be directed to the Borrower, at the address of the Borrower specified on Schedule
10.2 to the Disclosure Letter.

 

(h)              
Each party’s obligations under this Section 4.3 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 other Obligations.

 

SECTION
4.4 Payments, Computations; Proceeds of Collateral, Etc.

 

(a)              
Unless otherwise expressly provided in a Loan Document, all payments by the Borrower pursuant to each Loan Document shall
be made without setoff, deduction or counterclaim not later than 1:00 p.m. on the date due in same day or immediately available funds,
marked for attention as indicated, or in such other manner or to such other account in any United States bank as the Administrative Agent
may from time to time direct in writing. Funds received after 1:00 p.m. on any day shall be deemed to have been received on the next succeeding
Business Day and any applicable interest or fee shall continue to accrue. All interest and fees shall be computed on the basis of the
actual number of days occurring during the period for which such interest or fee is payable over a year comprised of 360 days. Payments
due on other than a Business Day shall be made on the next succeeding Business Day and such extension of time shall be included in computing
interest and fees in connection with that payment.

 

    -35- 

     

    

(b)              
All amounts received as a result of the exercise of remedies under the Loan Documents (including from the proceeds of collateral
securing the Obligations) or under applicable Law shall be applied upon receipt to the Obligations as follows: (i) first, to the payment
in full in cash of all interest (including interest accruing after the commencement of a proceeding in bankruptcy, insolvency or similar
Law, whether or not permitted as a claim under such Law) and fees owing under the Loan Documents, and all costs and expenses owing to
the Lenders pursuant to the terms of the Loan Documents, until paid in full in cash, (ii) second, after payment in full in cash of the
amounts specified in clause (b)(i), to the payment of the principal amount of the Loans then outstanding, (iii) third, after
payment in full in cash of the amounts specified in clauses (b)(i) and (b)(ii), to the payment of all other Obligations
owing to the Lenders, and (iv) fourth, after payment in full in cash of the amounts specified in clauses (b)(i) through (b)(iii),
and following the Termination Date, to the Borrower or any other Person lawfully entitled to receive such surplus.

 

(c)              
The obligations of the Lenders hereunder to make Loans and to make payments pursuant to Section 10.4(c) are several
and not joint. The failure of any Lender to make any Loan or to make any payment under Section 10.4(c) on any date required hereunder
shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure
of any other Lender to so make its Loan or to make its payment under Section 10.4(c).

 

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

 

(e)              
If any Lender shall, by exercising any right of setoff or otherwise, obtain payment in respect of any principal of or interest
on its portion of any of the Loans or any Repayment Premium in connection therewith resulting in such Lender’s receiving payment
of a proportion of the aggregate amount of the Loans and accrued interest thereon and any Repayment Premium in connection therewith greater
than its Applicable Percentage thereof as provided herein, then the Lender shall (x) notify the Administrative Agent of such fact and
(y) purchase (for cash at face value) participations in the portions of the Loans of the other Lenders, or make such other adjustments
as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate
amount of principal of, accrued interest on and any Repayment Premium in connection with their respective portions of the Loans and other
amounts owing them; provided that:

 

(i)                
if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations
shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and

 

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(ii)             
the provisions of this Section 4.4(e) shall not be construed to apply to (x) any payment made by or on behalf of
the Borrower pursuant to and in accordance with the express terms of this Agreement or (y) any payment obtained by a Lender as consideration
for the assignment of or sale of a participation in any of its portion of the Loans to any assignee or participant, other than an assignment
to a Loan Party (as to which the provisions of this Section shall apply).

 

Each Loan Party consents to the foregoing
and agrees, to the extent it may effectively do so under applicable Law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such participation as fully as if
such Lender were a direct creditor of such Loan Party in the amount of such participation.

 

SECTION
4.5 Setoff. Each Lender shall, upon the occurrence and during the continuance of any Default described in clauses (i)
through (iv) of Section 9.1(h) or, upon the occurrence and during the continuance of any other Event of Default, have the
right to appropriate and apply to the payment of the Obligations owing to it (whether or not then due), and (as security for such Obligations)
the Borrower hereby grants to each Lender a continuing security interest in, any and all balances, credits, deposits, accounts or moneys
of the Borrower then or thereafter maintained with or on behalf of such Lender. Each Lender agrees promptly to notify the Borrower after
any such appropriation and application made by it; provided that the failure to give such notice shall not affect the validity
of such setoff and application. The rights of each Lender under this Section 4.5 are in addition to other rights and remedies (including
other rights of setoff under applicable Law or otherwise) which each Lender may have.

 

SECTION
4.6 Rates; Inability to Determine Rate; Illegality; Benchmark Replacement.

 

(a)              
The Administrative Agent does not warrant or accept responsibility for, and shall not have any liability with respect to
(a) the continuation of, administration of, submission of, calculation of or any other matter related to the Prime Rate or Term SOFR,
or any component definition thereof or rates referred to in the definition thereof, or any alternative, successor or replacement rate
thereto (including any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor
or replacement rate (including any Benchmark Replacement) will be similar to, or produce the same value or economic equivalence of, or
have the same volume or liquidity as, the Prime Rate or Term SOFR or any other Benchmark prior to its discontinuance or unavailability,
or (b) the effect, implementation or composition of any Conforming Changes. The Administrative Agent and its affiliates or other related
entities may engage in transactions that affect the calculation of the Prime Rate or Term SOFR, any alternative, successor or replacement
rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The
Administrative Agent may select information sources or services in its reasonable discretion to ascertain the Prime Rate or Term SOFR
or any other

 

    -37- 

     

    

Benchmark,
in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or
entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or
expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or
component thereof) provided by any such information source or service.

 

(b)              
If at any time the Administrative Agent (at the direction of the Required Lenders) determines (which determination shall
be conclusive and binding absent manifest error) that Term SOFR cannot be determined pursuant to the definition thereof, or the Required
Lenders determine that for any reason that Term SOFR does not adequately and fairly reflect the cost to such Lenders of making and maintaining
such Loan, and the Required Lenders have provided notice of such determination to the Administrative Agent, the Administrative Agent will
promptly so notify the Borrower and each Lender. Upon such notice, the per annum interest rate applicable to the Loan shall be deemed
to be the sum of (x) the Prime Rate, plus (y) the Applicable Margin. Upon any such conversion, the Borrower shall also pay accrued interest
on the amount so converted.

 

(c)              
If any Lender determines that any applicable Law has made it unlawful, or that any Governmental Authority has asserted that
it is unlawful, for any Lender or its applicable lending office to make, maintain or fund the Loan at an interest rate determined by reference
to Term SOFR, or to determine or charge interest based upon Term SOFR, then, upon notice thereof by such Lender to the Borrower (through
the Administrative Agent) (an “Illegality Notice”), (a) any obligation of the Lenders to make Term SOFR loans shall
be suspended until each affected Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such
determination no longer exist. Upon receipt of an Illegality Notice, the Borrower shall, if necessary to avoid such illegality, upon demand
from any Lender (with a copy to the Administrative Agent), prepay the Loan or, if applicable, the interest rate for the Loan shall be
deemed to be the sum of (x) the Prime Rate plus (y) the Applicable Margin, until the Administrative Agent is advised in writing by each
affected Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon Term SOFR. Upon any such
prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted.

 

(d)              
Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition
Event, the Administrative Agent (at the direction of the Required Lenders) and the Borrower may amend this Agreement to replace the then-current
Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00
p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all affected
Lenders and the Borrower. No replacement of a Benchmark with a Benchmark Replacement pursuant to this Section 4.6 will occur prior
to the applicable Benchmark Transition Start Date.

 

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(e)              
In connection with the use, administration, adoption or implementation of a Benchmark Replacement, the Administrative Agent
(at the direction of the Required Lenders) will have the right, in consultation with the Borrower, to make Conforming Changes from time
to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming
Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.

 

(f)               
The Administrative Agent will promptly notify the Borrower and the Lenders of (i) the implementation of any Benchmark Replacement
and (ii) the effectiveness of any Conforming Changes in connection with the use, administration, adoption or implementation of a Benchmark
Replacement. The Administrative Agent will notify the Borrower of the commencement of any Benchmark Unavailability Period. Any determination,
decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this
Section 4.6, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of
an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding
absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any
other Loan Document, except, in each case, as expressly required pursuant to this Section 4.6.

 

(g)              
Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the interest rate
shall be deemed to be the sum of (x) the Prime Rate plus (y) the Applicable Margin.

 

ARTICLE
V

CONDITIONS TO MAKING THE LOANS

 

SECTION
5.1 Credit Extensions. The obligation of each Lender to make its portion of the Amendment and Restatement Term Loan shall
be subject to the execution and delivery of this Agreement by the Parties, the delivery of a Loan Request as requested pursuant to Section
2.3, and the satisfaction (or waiver by the requisite Lenders) of each of the conditions precedent set forth below in this Article.

 

SECTION
5.2 Secretary’s Certificate, Etc. The Administrative Agent and each Lender shall have received from the Borrower and
each Subsidiary party to a Loan Document, (i) a copy of a good standing certificate, dated a date reasonably close to the Amendment
and Restatement Closing Date, for each such Person in such Person’s jurisdiction of formation and (ii) a certificate, dated
as of the Amendment and Restatement Closing Date, duly executed and delivered by such Person’s Secretary or Assistant Secretary,
managing member or general partner, as applicable, as to:

 

    -39- 

     

    

(a)              
resolutions of each such Person’s board of directors (or other managing body, in the case of other than a corporation)
and any other corporate resolutions required by applicable Law or pursuant to such Person’s Organic Documents, each of which shall
be then in full force and effect, authorizing the execution, delivery and performance of each Loan Document to be executed by such Person
and the transactions contemplated hereby and thereby;

 

(b)              
the incumbency and signatures of those of its officers, managers, managing member or general partner, as applicable, authorized
to act with respect to each Loan Document to be executed by such Person; and

 

(c)              
each Organic Document of such Person being in full force and effect, and attaching copies thereof;

 

upon which certificates the Administrative Agent
and each Lender may conclusively rely until it shall have received a further certificate of the Secretary, Assistant Secretary, managing
member or general partner, as applicable, of any such Person canceling or amending the prior certificate of such Person.

 

SECTION
5.3 Closing Date Certificate. The Administrative Agent and each Lender shall have received a Closing Date Certificate, dated
as of the Amendment and Restatement Closing Date, and duly executed and delivered by an Authorized Officer of the Borrower, in which certificate
the Borrower shall certify that (a) the representations and warranties set forth in each Loan Document shall, in each case, be true and
correct in all material respects (except with respect to any representation or warranty qualified by materiality or Material Adverse Effect,
which representation or warranty shall be true and correct in all respects) as of the Amendment and Restatement Closing Date; provided,
however that those representations and warranties expressly referring to a specific date shall be true and correct in all material
respects (except with respect to any representation or warranty qualified by materiality or Material Adverse Effect, which representation
or warranty shall be true and correct in all respects) as of such date, (b) no Default shall have then occurred and be continuing, or
would result from the Loan to be advanced on the Amendment and Restatement Closing Date, and (c) all of the applicable conditions set
forth in this Article V have been satisfied (or waived by the requisite Lenders).

 

SECTION
5.4 Partial Repayment of Existing Loans. The Refinancing shall have been, or shall concurrently with the initial funding
of Amendment and Restatement Term Loans be, consummated, and all expenses and fees (including any exit fees, prepayment premiums and similar
fees) shall have been paid in full in cash to the Existing Lenders.

 

SECTION
5.5 Delivery of Notes. Each Lender that is an Existing Lender shall have received a Note (amended and restated or otherwise),
in each case, duly executed and delivered by an Authorized Officer of the Borrower.

 

SECTION
5.6 [Reserved].

 

SECTION
5.7 MDT Sale. The First Closing (as defined in the MDT Sale Agreement) shall have been consummated in accordance with the
MDT Sale Agreement, including receipt by the Borrower of the First Closing Purchase Price (as defined in the MDT Sale Agreement).

 

    -40- 

     

    

SECTION
5.8 Solvency, Etc. The Lenders and the Administrative Agent shall have received a solvency certificate duly executed and
delivered by the chief financial or accounting Authorized Officer of the Borrower, dated as of the Amendment and Restatement Closing Date
(and after giving effect to the Transactions), in form and substance satisfactory to the Lenders and the Administrative Agent.

 

SECTION
5.9 Guarantee. With respect to any Material Subsidiaries (if any) as of the Amendment and Restatement Closing Date that
are not Guarantors as of such date, the Lenders and the Administrative Agent shall have received executed counterparts of the Guarantee,
dated as of the date hereof, duly executed and delivered by each such Material Subsidiary.

 

SECTION
5.10 Security Agreements. The Administrative Agent and the Lenders shall have received executed counterparts of the Security
Agreement, dated as of the date hereof, duly executed and delivered by the Borrower and each Material Subsidiary (if any), together with:

 

(a)              
certificates (in the case of Capital Securities that are securities (as defined in the UCC)) evidencing all of the issued
and outstanding Capital Securities owned by the Borrower or any Guarantor in in any Subsidiaries, which certificates in each case shall
be accompanied by undated instruments of transfer duly executed in blank, to the extent such certificates and undated instruments is not
in the possession of the Administrative Agent on or prior to the date hereof;

 

(b)              
financing statements suitable in form for naming the Borrower and each Material Subsidiary as a debtor and the Administrative
Agent as the secured party, or other similar instruments or documents to be filed under the UCC of all jurisdictions as may be necessary
or, in the opinion of the Administrative Agent or any Lender, desirable to perfect the security interests of the Administrative Agent
and the other Secured Parties pursuant to the Security Agreement, to the extent such financing statements are not filed and effective
on or prior to the date hereof;

 

(c)              
UCC Form UCC-3 termination statements, if any, necessary to release all Liens and other rights of any Person, except for
Liens permitted pursuant to Section 8.3, (i) in any assets of the Borrower or any Subsidiary or (ii) securing any of the Indebtedness
identified in Schedule 8.2(b)(i) to the Disclosure Letter, together with such other UCC Form UCC-3 termination statements as the
Administrative Agent or any Lender may reasonably request from the Borrower or any Subsidiary;

 

(d)              
[reserved]; and

 

(e)              
evidence that all deposit accounts, lockboxes, disbursement accounts, investment accounts or other similar accounts of the
Borrower and each Material Subsidiary are Controlled Accounts (other than Excluded Accounts).

 

    -41- 

     

    

SECTION
5.11 Intellectual Property Security Agreements. In case the Collateral includes any Patents, any Copyrights or any Trademarks
for which a filing has not been made prior to the date hereof, the Administrative Agent and the Lenders shall have received, respectively,
a Patent Security Agreement, a Copyright Security Agreement and a Trademark Security Agreement, as applicable, each dated as of the Amendment
and Restatement Closing Date, duly executed and delivered by the Borrower or any Subsidiary that, pursuant to the Security Agreement,
is required to provide such intellectual property security agreements to the Administrative Agent for the benefit of the Secured Parties.

 

SECTION
5.12 Opinions of Counsel. The Administrative Agent and the Lenders shall have received an opinion, dated the Amendment and
Restatement Closing Date and addressed to the Secured Parties, from Davis Polk & Wardwell LLP, counsel to the Borrower and the Subsidiaries,
and Morris, Nichols, Arsht & Tunnell LLP, Delaware counsel to the Borrower and the Subsidiaries, each in form and substance reasonably
satisfactory to the Administrative Agent and the Lenders.

 

SECTION
5.13 [Reserved].

 

SECTION
5.14 Closing Fees, Expenses, Etc. Each Lender and the Administrative Agent shall have received for its own account all fees,
costs and expenses due and payable pursuant to Sections 3.9, 3.10 and 10.4.

 

SECTION
5.15 Anti-Terrorism Laws. Each Lender and the Administrative Agent shall have received, at least five (5) Business Days
prior to the date hereof, all documentation and other information required by bank regulatory authorities under applicable “know
your customer” and anti-money laundering rules and regulations, including the U.S. Patriot Act.

 

SECTION
5.16 [Reserved].

 

SECTION
5.17 Equity Matters. (a) The Administrative Agent and the Lenders shall have received evidence reasonably satisfactory to
them that the Lender Warrants and the Warrant Shares shall have been approved by the Borrower’s board of directors for purposes
of Rule 16b-3 under the Exchange Act, and shall therefor be exempt from the liability provisions of Section 16(b) of the Exchange Act,
(b) the Lenders shall be reasonably satisfied that the common stock of the Borrower issuable upon exercise of the Lender Warrants (without
any limitation on exercise thereof) shall have been duly reserved for such issuance and the Borrower shall have taken such action as is
necessary for such shares to be traded on the Principal Trading Market and (c) the Lenders shall be reasonably satisfied that no Major
Transaction (as defined in the Lender Warrants) shall have occurred, nor shall have any agreement been entered into in respect of a Major
Transaction.

 

SECTION
5.18 Loan Documents; Lender Warrants. The Administrative Agent and the Lenders shall have received executed counterparts
of this Agreement, each Loan Document and the Lender Warrants, each properly executed by the Borrower and by an Authorized Officer of
each other signing Loan Party and each other party to such Loan Documents.

 

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SECTION
5.19 Lien and Judgment Searches. The Administrative Agent and the Lenders shall have received the results of a recent lien
and judgment search in the jurisdiction of each Loan Party as determined by the Lenders to its satisfaction and such searches shall be
satisfactory to the Administrative Agent and the Lenders.

 

ARTICLE
VI

REPRESENTATIONS AND WARRANTIES

 

In order to induce the Lenders
and the Administrative Agent to enter into this Agreement and to make the Loans hereunder, the Borrower represents and warrants to the
Lenders and the Administrative Agent that:

 

SECTION
6.1 Organization, Etc. Each of the Borrower and each Subsidiary (a) is validly organized and existing and in good standing
under the Laws of the jurisdiction of its incorporation or organization, is duly qualified to do business and is in good standing as a
foreign entity in each jurisdiction where the nature of its business requires such qualification (unless the failure to so qualify as
a foreign entity could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect), and (b) has full
power and authority and holds all requisite material governmental licenses, Permits and other approvals required (i) to enter into and
perform its Obligations under each Credit Document to which it is a party, and (ii) to own and hold under lease its property and to conduct
its business in all material respects substantially as currently conducted by it.

 

SECTION
6.2 Due Authorization, Non-Contravention, Etc. The execution, delivery and performance by the Borrower and each Subsidiary
of each Credit Document executed or to be executed by it to which it is a party are in each case within such Person’s corporate
or organizational powers, have been duly authorized by all necessary corporate or organizational action, and do not:

 

(a)              
contravene (i) the Borrower’s or any Subsidiary’s Organic Documents, (ii) any court decree or order binding
on or affecting the Borrower or any Subsidiary or (iii) any Law or regulation binding on or affecting the Borrower or any Subsidiary;
or

 

(b)              
result in (i) or require the creation or imposition of any Lien on the Borrower’s or any Subsidiary’s properties
(except as permitted by this Agreement) or (ii) a default under any material contract, agreement, or instrument binding on or affecting
the Borrower or any Subsidiary.

 

SECTION
6.3 Government Approval, Regulation, Etc, No authorization, approval, clearance or other action by, and no notice to or
filing with, any Governmental Authority or other Person (other than those that have been, or on the Amendment and Restatement Closing
Date will be, duly obtained or made and which are, or on the Amendment and Restatement Closing Date will be, in full force and effect)
is required for the due execution, delivery or performance by the Borrower or any Subsidiary of any Credit Document to which it is a party.

 

    -43- 

     

    

SECTION
6.4 Validity, Etc. Each Credit Document to which the Borrower or any Subsidiary is a party constitutes the legal, valid
and binding obligations of such Person enforceable against such Person in accordance with its respective terms (except, in any case, as
such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or similar Laws affecting creditors’ rights
generally and by principles of equity).

 

SECTION
6.5 Financial Information. As of their respective dates, the consolidated financial statements of the Borrower and its Subsidiaries
included in the SEC Documents complied as to form in all material respects with applicable accounting requirements and the published rules
and regulations of the SEC with respect thereto. Such financial statements have been prepared in accordance with GAAP, consistently applied
(subject, in the case of unaudited quarterly financial statements, to normal year-end adjustments that are not material individually or
in the aggregate), and fairly present in all material respects the consolidated financial position of the Borrower and its Subsidiaries
as of the dates thereof and the consolidated results of their operations, cash flows and changes in stockholders equity for the periods
presented (subject, in the case of unaudited quarterly financial statements, to normal year-end audit adjustments that are not material
individually or in the aggregate). The accounting firm that expressed its opinion with respect to the consolidated financial statements
included in the Borrower’s most recently filed annual report on Form 10-K, and reviewed the consolidated financial statements included
in the Borrower’s most recently filed quarterly report on Form 10-Q, was independent of the Borrower pursuant to the standards set
forth in Rule 2-01 of Regulation S-X promulgated by the SEC and as required by the applicable rules and guidance from the Public Company
Accounting Oversight Board (United States), and such firm was otherwise qualified to render such opinion under applicable Law and the
rules and regulations of the SEC. There is no transaction, arrangement or other relationship between the Borrower (or any of its Subsidiaries)
and an unconsolidated or other off-balance-sheet Person that is required to be disclosed by the Borrower in the SEC Documents that has
not been so disclosed in the SEC Documents. Neither the Borrower nor any of its Subsidiaries is required to file any agreement, note,
lease, mortgage, deed or other instrument entered into prior to the date this representation is made and to which the Borrower or any
of its Subsidiaries is a party or by which the Borrower or any of its Subsidiaries is bound that has not been previously filed as an exhibit
(including by way of incorporation by reference) to the Borrower’s reports filed or made with the SEC under the Exchange Act. Other
than (i) the liabilities assumed or created pursuant to this Agreement and the other Loan Documents, (ii) liabilities accrued for in the
latest balance sheet included in the Borrower’s most recent periodic report (on Form 10-Q or Form 10-K) filed prior to the date
this representation is made (the date of such balance sheet, the “Latest Balance Sheet Date”) and (iii) liabilities
incurred in the ordinary course of business consistent with past practice since the Latest Balance Sheet Date, the Borrower and its Subsidiaries
do not have, to their knowledge, any other liabilities (whether fixed or unfixed, absolute or contingent, asserted or unasserted, choate
or inchoate, liquidated or unliquidated, or secured or unsecured, and regardless of when any action, claim, suit or proceeding with respect
thereto is instituted).

 

    -44- 

     

    

SECTION
6.6 No Material Adverse Change. There has been no material adverse change in the business, financial performance or condition,
operations (including the results thereof), assets, properties or prospects of the Borrower and its Subsidiaries, taken as a whole, since
December 31, 2021.

 

SECTION
6.7 Litigation, Labor Matters and Environmental Matters.

 

(a)              
Except as described on Schedule 6.7(a) to the Disclosure Letter, there are no actions, suits or proceedings by or
before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened, against or affecting
the Borrower or any Subsidiary (i) as to which there is a reasonable likelihood of an adverse determination and that, if adversely determined,
would reasonably be expected, individually or in the aggregate, to result in liabilities in excess of $500,000 or (ii) that would reasonably
be likely to adversely affect this Agreement or the transactions contemplated hereby.

 

(b)              
There are no labor controversies pending against or, to the knowledge of the Borrower, threatened, against or affecting
the Borrower or any Subsidiary (i) that would reasonably be expected, individually or in the aggregate, to result in liabilities in excess
of $500,000 or (ii) that would reasonably be likely to adversely affect this Agreement or the transactions contemplated hereby.

 

(c)              
Neither the Borrower nor any Subsidiary (i) has failed to comply with any Environmental Law or to obtain, maintain or comply
with any Permit under or in connection with any Environmental Law (“Environmental Permit”), (ii) is or has been subject
to any Environmental Liability, (iii) has received notice of any Environmental Liability, or (iv) knows of any basis for any Environmental
Liability, in each case of clauses (i) through (iv) above, which would reasonably be expected to result in liabilities to
the Borrower and the Subsidiaries, taken as a whole, in excess of $500,000.

 

SECTION
6.8 Subsidiaries. The Borrower has no Subsidiaries except those Subsidiaries that are identified in Schedule 6.8
to the Disclosure Letter (which Schedule also identifies the direct and indirect owners of the Capital Securities of such Subsidiaries)
or which are permitted to have been organized or acquired after the Amendment and Restatement Closing Date in accordance with Section
8.5 and Section 8.7. As of the Amendment and Restatement Closing Date, the Borrower has no Subsidiary that is a Material Subsidiary.

 

SECTION
6.9 Ownership of Properties. The Borrower and each Subsidiary owns (a) in the case of owned real property, good and
marketable fee title to, and (b) in the case of owned personal property, good and valid title to, or, in the case of leased real
or personal property, valid and enforceable leasehold interests (as the case may be) in, all of its properties and assets, tangible and
intangible, of any nature whatsoever, free and clear in each case of all Liens or claims, except for Liens permitted pursuant to Section
8.3.

 

    -45- 

     

    

SECTION
6.10 Taxes. The Borrower and each Subsidiary has filed all federal income and other material Tax returns and reports required
by Law to have been filed by it and has paid all Taxes due and owing (other than any amounts not to exceed $100,000 in the aggregate),
except any such Taxes which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in
accordance with GAAP have been set aside on its books. There is no ongoing or pending suit with respect to any Material Taxes of the Borrower
and the Subsidiaries.

 

SECTION
6.11 Benefit Plans, Etc. None of the Borrower or any of the Subsidiaries or any of their respective ERISA Affiliates sponsors,
maintains, contributes to, is required to contribute to, or has any actual or potential liability with respect to, any Benefit Plan. None
of the Borrower or any of the Subsidiaries is a party to any collective bargaining agreement, and none of the employees of the Borrower
or any of the Subsidiaries are subject to any collective bargaining agreement with respect to their employment with the Borrower or any
of the Subsidiaries. Each “employee benefit plan” as defined in section 3(3) of ERISA that provides retirement benefits, is
sponsored by the Borrower or any of their ERISA Affiliates, and is intended to be Tax qualified under section 401 of the Code has a determination
letter or opinion letter from the U.S. Internal Revenue Service on which it remains entitled to rely, and no assets of any such plan are
invested in Capital Securities of the Borrower. Each “employee benefit plan” (as defined in section 3(3) of ERISA) sponsored,
maintained, contributed to or required to be contributed to by the Borrower or any Subsidiary has complied, both in form and in operation,
in all material respects with its terms and applicable Law. Each employee benefit plan as defined in section 3(3) of ERISA that provides
medical, dental, vision, or long-term disability benefits and that is sponsored by the Borrower or any of its Subsidiaries or any of their
ERISA Affiliates (or under which any of these entities has any actual or potential liability) is fully insured by a third party insurance
company.

 

SECTION
6.12 Accuracy of Information. None of the information heretofore or contemporaneously furnished in writing to the Administrative
Agent or any Lender by or on behalf of the Borrower or any Subsidiary in connection with any Loan Document or any transaction contemplated
hereby contains any untrue statement of a material fact, or omits to state any material fact necessary to make any information not misleading
(it being recognized by the Administrative Agent and the Lenders that the projections and forecasts provided by the Borrower in good faith
and based upon reasonable assumptions are not viewed as facts and that actual results during the period or periods covered by such projections
and forecasts may differ materially from the projected or forecasted results).

 

SECTION
6.13 Regulations U and X. None of the Borrower or any Subsidiary is engaged in the business of extending credit for the
purpose of buying or carrying margin stock, and no proceeds of the Loans will be used to purchase or carry margin stock or otherwise for
a purpose which violates, or would be inconsistent with, Regulation U or Regulation X of the F.R.S. Board. Terms for which meanings
are provided in Regulation U and Regulation X of the F.R.S. Board, or any regulations substituted therefor, as from time to time
in effect, are used in this Section 6.13 with such meanings.

 

    -46- 

     

    

SECTION
6.14 Solvency. The Borrower, individually, and the Borrower and its Subsidiaries taken as a whole, on a consolidated basis,
both before and after giving effect to each of the Loans and other Transactions, are Solvent.

 

SECTION
6.15 Intellectual Property.

 

(a)              
Schedule 6.15(a) to the Disclosure Letter sets forth a complete and accurate list as of the Amendment and Restatement
Closing Date of all (i) Patents, including any Patent applications, (ii) registered and material unregistered Trademarks (including domain
names) and any pending registrations for Trademarks, (iii) any other registered Intellectual Property and (iv) any commercially significant
unregistered Intellectual Property, in each case of clauses (i) through (iv) that are owned by or licensed to the Borrower
or any of the Subsidiaries. For each item of Intellectual Property listed on Schedule 6.15(a) to the Disclosure Letter, the Borrower
has, where relevant, indicated (A) the countries in each case in which such item is registered, (B) the application numbers, (C) the registration
or patent numbers, (D) with respect to the Patents, the expected expiration date of the issued Patents, (E) the owner of such item of
Intellectual Property, (F) with respect to Intellectual Property owned by any Third Party that is licensed to the Borrower or any of its
Subsidiaries and is material to the business of the Borrower or any of its Subsidiaries, the agreement pursuant to which that Intellectual
Property is licensed to the Borrower or any Subsidiary and (G) with respect to material Intellectual Property licensed to any Third Party,
the agreement pursuant to which that Intellectual Property is licensed by the Borrower or any Subsidiary.

 

(b)              
With respect to all material Intellectual Property listed, or required to be listed, on Schedule 6.15(a) to the Disclosure
Letter:

 

(i)                
the Borrower or a Subsidiary owns, has a valid license or rights in any other form to all rights associated with such Intellectual
Property free and clear of any and all claims challenging an aspect of inventorship or ownership or Liens, other than Liens permitted
pursuant to Section 8.3, and all such Intellectual Property are in full force and effect, and have not expired, lapsed or been
forfeited, cancelled or abandoned unless permitted hereunder;

 

(ii)             
each of the Borrower and the Subsidiaries, as applicable, has taken commercially reasonable actions to maintain and protect
such Intellectual Property and there are no unpaid maintenance or renewal fees payable by the Borrower or any of the Subsidiaries that
are currently overdue for any of such registered Intellectual Property;

 

(iii)           
there is no actual or threatened (in writing or, to the knowledge of Borrower, orally) proceeding in any court, patent office,
Governmental Authority, arbitral body or elsewhere challenging the validity or enforceability of any such Intellectual Property, none
of the Borrower or any of the Subsidiaries is involved in any such proceeding with any Person and none of the Intellectual Property is
the subject of any Other Administrative Proceeding;

 

    -47- 

     

    

(iv)            
to the knowledge of the Borrower, (A) such Intellectual Property is valid, enforceable and subsisting and (B) no event has
occurred, and nothing has been done or omitted to have been done, that would affect the validity or enforceability of such Intellectual
Property; and

 

(v)              
each of the Borrower and each Subsidiary, as applicable, is the sole and exclusive owner of all right, title and interest
in and to all such Intellectual Property that is owned by it.

 

(c)              
To the knowledge of the Borrower, no Third Party is committing any act of Infringement of any Intellectual Property listed,
or required to be listed, on Schedule 6.15(a) to the Disclosure Letter.

 

(d)              
With respect to each material license agreement listed on Schedule 6.15(a) to the Disclosure Letter, such license
agreement (i) is in full force and effect and is binding upon and enforceable against the Borrower and the Subsidiaries party thereto
and all other parties thereto in accordance with its terms, (ii) has not been amended or otherwise modified, except as set forth on Schedule
6.15(a) to the Disclosure Letter, and (iii) has not suffered a default or breach thereunder. None of the Borrower or any of the Subsidiaries
has taken or omitted to take any action that would permit any other Person party to any such material license agreement to have, and no
such Person otherwise has, any defenses, counterclaims, termination rights or rights of setoff thereunder.

 

(e)              
Except as set forth on Schedule 6.15(e) to the Disclosure Letter, none of the Borrower or any of the Subsidiaries
has received written notice from any Third Party alleging that the conduct of its business (including the development, manufacture, use,
sale or other commercialization of any Product) Infringes any Intellectual Property of that Third Party and, to the knowledge of the Borrower,
the conduct of its business and the business of the Subsidiaries (including the development, manufacture, use, sale or other commercialization
of any Product) does not Infringe any Intellectual Property of any Third Party.

 

(f)               
The Borrower and the Subsidiaries have used commercially reasonable efforts and precautions to protect their respective
commercially significant unregistered Intellectual Property.

 

SECTION
6.16 Material Agreements. Set forth on Schedule 6.16 to the Disclosure Letter is a complete and accurate list as
of the Amendment and Restatement Closing Date of all Material Agreements, in each case of the Borrower or any of the Subsidiaries, with
an adequate description of the parties thereto, subject matter thereof and amendments and modifications thereto. As of such dates, respectively,
each such Material Agreement (i) is in full force and effect and is the legal, valid and binding obligation of the Borrower and the Subsidiaries
parties thereto, enforceable against

 

    -48- 

     

    

the Borrower
and the Subsidiaries party thereto and, to the knowledge of the Borrower and its Subsidiaries party thereto, all other parties thereto
in accordance with its terms, (ii) has not been amended or otherwise modified and (iii) has not suffered a default thereunder that remains
uncured. As of such dates, respectively, (A) none of the Borrower or any of the Subsidiaries is in breach or in default under any Material
Agreement, nor has any of the Borrower or any of the Subsidiaries taken any action that would permit any other Person party to any Material
Agreement to enforce, and no such Person otherwise has the right to enforce, any defenses, counterclaims, termination rights or rights
of setoff thereunder and (B) to the knowledge of the Borrower, no such other Person party to such Material Agreement is in breach or
in default thereunder.

 

SECTION
6.17 Permits. The Borrower and the Subsidiaries have all material Permits, including Environmental Permits, necessary or
required for the ownership, operation and conduct of their business and the distribution of the Products. All such Permits are validly
held and there are no material defaults thereunder.

 

SECTION
6.18 Regulatory Matters.

 

(a)              
The business of the Borrower and its Subsidiaries has been, and currently is, being conducted in compliance with all applicable
material U.S. federal, state, provincial, territorial, local or foreign laws, statutes, ordinances, rules, regulations,
guidances, judgments, orders, injunctions, decrees, arbitration awards and Key Permits issued by any Governmental Authority (collectively,
“Laws”), including the FD&C Act and Privacy Laws and other similar state, provincial and foreign Laws. The Products
were researched, developed, designed, distributed and validated in material compliance with all applicable Laws, including the FD&C
Act, FTC Act, Privacy Laws and state laws, and have been and continue to be performed, marketed, labeled, assembled, stored, packaged
and conducted in material compliance with all applicable Laws, including the FD&C Act, FTC Act, Privacy Laws and state laws. All required
notices, registrations and listings, supplemental applications or notifications, reports (including reports of adverse experiences) and
other required filings and Regulatory Authorizations with respect to the Products have been filed with the FDA and all other applicable
Governmental Authorities.

 

(b)              
To the Borrower’s knowledge, no material investigation or prosecution by any Governmental Authority with respect to the Borrower
or any Subsidiary has occurred, nor is any such action pending or threatened. None of the Borrower or any of the Subsidiaries has received
any written communication from any Person (including any Governmental Authority) alleging any noncompliance with any Laws or any written
communication from any Governmental Authority of any material issues regarding the quality or performance of any Product, and to the knowledge
of the Borrower, there is no basis for any adverse regulatory action against the Borrower or any of the Subsidiaries with respect to any
Product. There have been no product recalls, safety alerts, corrections, withdrawals, clinical holds, marketing suspensions, or removals
conducted, undertaken or issued by any Person, whether or not at the request, demand or order of any Governmental Authority or otherwise,
with respect to

 

    -49- 

     

    

any Product,
and, to the Borrower’s knowledge, there is no basis for the issuance of any such product recalls, safety alerts, corrections, withdrawals,
clinical holds, marketing suspensions, or removals, by any Person with respect to any Products. None of the Borrower or any of the Subsidiaries
has received any written notice of, and does not otherwise have knowledge of, any criminal, injunctive, seizure, detention or civil penalty
actions that have at any time been commenced or threatened in writing by any Governmental Authority with respect to or in connection
with any Product, or any consent decrees (including plea agreements) which relate to any Product, and, to the knowledge of the Borrower,
there is no basis for the commencement for any criminal injunctive, seizure, detention or civil penalty actions by any Governmental Authority
relating to any Product or for the issuance of any consent decrees.

 

(c)              
The Borrower or its applicable Subsidiary, as the case may be, owns, free and clear of all Liens, except those permitted pursuant
to Section 8.3, all Key Permits, including all authorizations under the FD&C Act and state laws, and comparable laws outside
the United States, necessary for the research and development and commercialization of the Products and to carry on Borrower’s and
each such Subsidiary’s respective business. All such Key Permits are valid, and in full force and effect and the Borrower or each
such Subsidiary is in material compliance with all terms and conditions of such Key Permits and with all filing and maintenance requirements
(including any fee requirements) thereof. None of the Borrower or any of the Subsidiaries has received any written notice that any Key
Permits have been or are being revoked, withdrawn, suspended or challenged.

 

(d)              
As of the Amendment and Restatement Closing Date, the Borrower has made available to the
Administrative Agent and the Lenders lists and, if requested, copies of all Key Permits and material correspondence submitted to or received
from FDA, CMS, or other Governmental Authority (including minutes and official contact reports relating to any material communications
with any Governmental Authority) in the Borrower’s possession or control. As of the Amendment and Restatement Closing
Date, the Borrower has made available to the Administrative Agent and the Lenders lists and, if requested, copies of all material adverse
event reports and communications to or from the FDA (if any) and other relevant Governmental Authorities, including inspection reports,
warning letters, untitled letters, and material reports, studies and other correspondence, other than opinions of counsel that are attorney-client
privileged, with respect to regulatory matters relating to the Borrower and any Subsidiaries, the conduct of their business, the operation
of any manufacturing facilities owned, leased or operated by the Borrower or any of the Subsidiaries, and the Products. There has been
no material untrue statement of fact and no fraudulent statement made by the Borrower, any of the Subsidiaries, or any of their respective
agents or representatives to the FDA, CMS, or any other Governmental Authority, and there has been no failure to disclose any material
fact required to be disclosed to the FDA or any other Governmental Authority.

 

    -50- 

     

    

(e)              
With respect to the Products, (i) all design, manufacturing, storage, distribution, packaging, labeling, sale, recordkeeping and
other activities by the Borrower or any of its Subsidiaries and their respective suppliers relating to the Products have been conducted,
and are currently being conducted, in material compliance with the applicable requirements of the FD&C Act and other requirements
of the FDA and all other Governmental Authorities, including the QSR, medical device reporting requirements, and adverse event reporting
requirements, and (ii) none of the Borrower or any of its Subsidiaries, or, to the knowledge of the Borrower, any of their respective
suppliers, has received written notice or threat of commencement of action by any Governmental Authority to withdraw its approval of or
to enjoin production of any Product at any facility. Except for an immaterial amount, no Product in the inventory of the Borrower or any
of its Subsidiaries is adulterated or misbranded.

 

(f)               
All manufacturing facilities owned, leased or operated by the Borrower or any of the Subsidiaries, or used in the production of
any Product are and have been operated in material compliance with QSRs and all other applicable Laws. The FDA has not issued any Form
483, warning letter, or untitled letter with respect to any such facility, or otherwise alleged any material non-compliance with QSRs,
nor has any other Governmental Authority issued any similar notices or warning letters. All such facilities
are operated in material compliance with other applicable federal, state and local Laws, or, for jurisdictions outside of the United States,
with the applicable Laws of that jurisdiction.

 

(g)              
No right of the Borrower or any Subsidiary to receive reimbursements pursuant to any government program or private program has
ever been terminated or otherwise materially adversely affected as a result of any investigation or enforcement action, whether by any
Governmental Authority or other Third Party, and, to the Borrower’s knowledge, none of the Borrower or any Subsidiary has been the
subject of any inspection, investigation, or audit, by any Governmental Authority for the purpose of any alleged improper activity.

 

(h)              
There is no arrangement relating to the Borrower or any of its Subsidiaries providing for any rebates, kickbacks or other forms
of compensation that are unlawful to be paid to any Person in return for the referral of business or for the arrangement for recommendation
of such referrals. All billings by the Borrower or any of its Subsidiaries for their respective services have been true and correct in
all material respects and, to the Borrower’s knowledge, are in material compliance with all applicable Laws, including the Federal
False Claims Act or any applicable state false claim or fraud Law.

 

(i)                
None of the Borrower or any of its Subsidiaries or, to the Borrower’s knowledge, any individual who is an officer, director,
manager, employee, stockholder, agent or managing agent of the Borrower or of any of its Subsidiaries has been convicted of, charged with
or, to the Borrower’s knowledge, investigated for any federal or state health program-related offense or any other offense related
to healthcare or been excluded or suspended from participation in any such program or,

 

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to the
Borrower’s knowledge, within the past five years, has been convicted of, charged with or, to the Borrower’s knowledge, investigated
for a violation of Laws related to fraud, theft, embezzlement, breach of fiduciary responsibility, financial misconduct, or obstruction
of an investigation, or has been subject to any judgment, stipulation, order or decree of, or criminal or civil fine or penalty imposed
by, any Governmental Authority related to fraud, theft, embezzlement, breach of fiduciary responsibility, financial misconduct, or obstruction
of an investigation. None of the Borrower or any of its Subsidiaries or, to the Borrower’s knowledge, any individual who is an
officer, director, manager, employee, stockholder, agent or managing agent of the Borrower or of any of its Subsidiaries has been convicted
of any crime or engaged in any conduct that has resulted or would reasonably be expected to result in a debarment or exclusion under
(i) 21 U.S.C. Section 335a, (ii) Section 1128 of the Social Security Act or (iii) any similar applicable Law. No debarment proceedings
or investigations in respect of the business of the Borrower or any of its Subsidiaries are pending or, to the Borrower’s knowledge,
threatened against the Borrower or any of its Subsidiaries or any individual who is an officer, director, manager, employee, stockholder,
agent or managing agent of the Borrower or of any of its Subsidiaries.

 

(j)                
All studies, tests and trials conducted relating to each Product, by or on behalf of the Borrower and the Subsidiaries and, to
the knowledge of the Borrower, their respective licensees, licensors and Third Party services providers and consultants, have been conducted,
and are currently being conducted, in all material respects, in accordance with all applicable Laws, procedures and controls pursuant
to, where applicable, QSRs, current good laboratory practices, and comparable regulations applicable outside the United States. All results
of such studies, tests and trials, and all other material information related to such studies, tests and trials, have been made available
to each Lender as requested by it. To the extent necessary by applicable Law, the Borrower or its applicable Subsidiary has obtained
all necessary Regulatory Authorizations, including an Investigational Application, material to the conduct of any clinical investigations
conducted by or on behalf of the Borrower or such Subsidiary.

 

(k)              
To the Borrower’s knowledge, none of the clinical investigators in any study, test or trial conducted by or on behalf
of the Borrower or any of its Subsidiaries has been or is disqualified or otherwise sanctioned by the FDA, the U.S. Department of Health
and Human Services, or any other Governmental Authority and, to the Borrower’s knowledge, no such disqualification, or other sanction
of any such clinical investigator is pending or threatened. None of the Borrower or any of its Subsidiaries has received any communication
from the FDA or any other Governmental Authority requiring or threatening the termination or suspension of any study, test or trial conducted
by, or on behalf of, the Borrower or any of its Subsidiaries.

 

(l)                
The transactions contemplated by the Loan Documents (or contemplated by the conditions to effectiveness of any Loan Document)
will not impair the Borrower’s or any of the Subsidiaries’ ownership of or rights under (or the license or other right to
use, as the case may be) any Regulatory Authorizations relating to any Product in any material manner.

 

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SECTION
6.19 Transactions with Affiliates. Except as set forth on Schedule 6.19 to the Disclosure Letter, none of the Borrower
or any Subsidiary has entered into, renewed, extended or been a party to, any transaction (including the purchase, sale, lease, transfer
or exchange of property or assets of any kind or the rendering of services of any kind) with any of its Affiliates during the three-year
period immediately prior to the Amendment and Restatement Closing Date.

 

SECTION
6.20 Investment Company Act. None of the Borrower or any Subsidiary is required to register as an “investment company,”
as such term is defined in, or subject to regulation under, the Investment Company Act of 1940, as amended.

 

SECTION
6.21 OFAC. None of the Borrower, any Subsidiary or, to the knowledge of the Borrower, any Related Party (a) is currently
the subject of any Sanctions, (b) is located, organized or residing in any Designated Jurisdiction, or (c) is or has been (within the
previous five years) engaged in any transaction with any Person who is now or was then the subject of Sanctions or who is located, organized
or residing in any Designated Jurisdiction. No Loan, nor the proceeds from any Loan, has been or will be used, directly or indirectly,
to lend, contribute or provide to, or has been or will be otherwise made available to fund, any activity or business in any Designated
Jurisdiction or to fund any activity or business of any Person located, organized or residing in any Designated Jurisdiction or who is
the subject of any Sanctions, or in any other manner that will result in any violation by any Person (including Administrative Agent,
any Lender and any of their respective Affiliates) of Sanctions.

 

SECTION
6.22 Deposit and Disbursement Accounts. Set forth on Schedule 6.22 to the Disclosure Letter is a complete and accurate
list as of the Amendment and Restatement Closing Date of all banks and other financial institutions at which the Borrower or any Subsidiary
maintains deposit accounts, lockboxes, disbursement accounts, investment accounts or other similar accounts. Schedule 6.22 to the
Disclosure Letter correctly identifies the name, address and telephone number of each bank or financial institution, the name in which
each such account is held, the type of each such account, and the complete account number for each such account, and each such account
is a Controlled Account (other than Excluded Accounts) as required pursuant to Section 7.13(a).

 

SECTION
6.23 MDT Sale. The MDT Sale Agreement and each other agreement, instrument or other document related thereto is the legal,
valid and binding obligation of the Borrower and, to the knowledge of the Borrower, the other parties thereto, enforceable against the
Borrower and, to the knowledge of the Borrower, such other parties thereto in, accordance with its terms. No authorization or approval
or other action by, and no notice to, filing with or license from, any Governmental Authority is required of the Borrower for the First
Closing (as defined in the MDT Sale Agreement) other than such as have been obtained by the Borrower on or prior to the Amendment and
Restatement Closing Date.

 

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ARTICLE
VII

AFFIRMATIVE COVENANTS

 

The Borrower covenants and
agrees with the Administrative Agent and the Lenders that until the Termination Date has occurred, the Borrower will, and will cause the
Subsidiaries to, perform or cause to be performed the obligations set forth below.

 

SECTION
7.1 Financial Information, Reports, Notices, Etc.

 

(a)              
The Borrower shall comply in all respects with its filing requirements under Section 13 or 15(d) of the Exchange Act, as
applicable and shall, contemporaneously with the filing of its quarterly unaudited and annual audited consolidated and consolidating financial
statements, deliver to each Lender a Compliance Certificate and, contemporaneously with the delivery of its annual audited consolidated
and consolidating financial statements, deliver to each Lender (unless an Event of Default has occurred and is continuing, in which case
such delivery shall be upon the request of the Administrative Agent or the Required Lenders), a Perfection Certificate.

 

(b)              
The Borrower shall timely (without giving effect to any extensions pursuant to Rule 12b-25 of the Exchange Act) file (or
furnish, as applicable) all SEC Documents required to be filed with (or furnished to) the SEC pursuant to the Exchange Act. None of such
SEC Documents, when filed or furnished, shall contain any untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading. All financial statements including in any such SEC Documents shall fairly present the consolidated financial position
of the Borrower and its Subsidiaries as of the dates thereof and the consolidated results of their operations and cash flows for the periods
presented and shall have been prepared in accordance with GAAP, consistently applied (subject, in the case of unaudited quarterly financial
statements, to normal year-end adjustments that are not material individually or in the aggregate and lack of footnote disclosures). Any
audit or report of the Borrower’s independent certified public accountants on any financial statements included in any such SEC
Document shall (i) contain an unqualified opinion (subject to the exception set forth below in clause (ii) of this sentence), stating
that such consolidated financial statements present fairly in all material respects the consolidated financial position and results of
operations and cash flows of the Borrower and its Subsidiaries as of the dates thereof and for the periods presented and have been prepared
in conformity with GAAP applied on a basis consistent with prior years, and (ii) not include any explanatory paragraph expressing substantial
doubt as to going concern status (other than any such paragraph arising from the impending maturity of the Loans solely in the case of
the audit delivered with respect to the fiscal year immediately prior to the fiscal year during which the applicable maturity is scheduled),
and no financial statements included in any such SEC Document shall include any statement in the footnotes thereto that indicates there
is substantial doubt about the Borrower’s ability to continue as a going concern (or any statement to similar effect).

 

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(c)              
If applicable, all calculations in any Compliance Certificate will be made in accordance with GAAP and the applicable terms
and provisions of this Agreement and the other Loan Documents.

 

(d)              
As soon as possible and in any event within three Business Days after the Borrower obtains knowledge of the occurrence of
a Default and/or Event of Default, the Borrower shall provide a statement of an Authorized Officer of the Borrower setting forth details
of such Default and/or Event of Default and the action which the Borrower or any of the Subsidiaries has taken or proposes to take with
respect thereto.

 

(e)              
Upon the reasonable request of the Administrative Agent or any Lender, the Borrower and its Subsidiaries shall promptly
deliver to the Administrative Agent or such Lender such additional business, financial, corporate affairs, items or documents related
to creation, perfection, protection, maintenance, enforcement or priority of the Administrative Agent’s Liens in the Collateral
and other information as the Administrative Agent or any Lender may from time to time reasonably request, in each case, so long as such
items, documents or information are reasonably available to or obtainable by, or in the possession or control of, the Borrower and its
Subsidiaries (or its agents, advisors or other representatives) as of the date of such request.

 

SECTION
7.2 Maintenance of Existence; Compliance with Contracts, Laws, Etc. Each of the Borrower and each Subsidiary will (a) preserve
and maintain its legal existence (except as otherwise permitted by Section 8.7), (b) perform in all material respects its obligations
under all Material Agreements, in each case to which the Borrower or any of the Subsidiaries is a party, except in the event that the
Borrower determines in its reasonable commercial judgment not to do so, and (c) comply in all material respects with all applicable Laws,
rules, regulations and orders, including the payment (before the same become delinquent), of all Taxes, imposed upon the Borrower or any
of the Subsidiaries or upon their property except to the extent being diligently contested in good faith by appropriate proceedings and
for which adequate reserves in accordance with GAAP have been set aside on the books of the Borrower or any of the Subsidiaries, as applicable.

 

SECTION
7.3 Maintenance of Properties. Each of the Borrower and the Subsidiaries will maintain, preserve, protect and keep its and
their respective properties in good repair, working order and condition (ordinary wear and tear excepted), and make necessary repairs,
renewals and replacements so that the business carried on by the Borrower or any of the Subsidiaries may be properly conducted at all
times, unless the Borrower or any of the Subsidiaries determines in good faith that the continued maintenance of such property is no longer
economically desirable, necessary or useful to the business of the Borrower or any of the Subsidiaries or the Disposition of such property
is otherwise permitted by Section 8.7 or Section 8.8.

 

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SECTION
7.4 Insurance. Each of the Borrower and each of the Subsidiaries will maintain:

 

(a)              
insurance on its property with financially sound and reputable insurance companies against business interruption, loss and
damage in at least the amounts (and with only those deductibles) customarily maintained, and against such risks as are typically insured
against in the same general area, by Persons of comparable size engaged in the same or similar business as the Borrower and the Subsidiaries;
and

 

(b)              
all worker’s compensation, employer’s liability insurance or similar insurance as may be required under the
Laws of any state or jurisdiction in which it may be engaged in business.

 

Without limiting the foregoing, all Borrower or
Guarantor insurance policies required pursuant to this Section 7.4 shall (i) name the Administrative Agent as mortgagee and
loss payee (in the case of property insurance) and additional insured (in the case of liability insurance), as applicable, and provide
that no cancellation or modification as to the amount or scope of coverage of the policies will be made without prior written notice to
the Administrative Agent and (ii) be in addition to any requirements to maintain specific types of insurance contained in the other
Loan Documents.

 

SECTION
7.5 Books and Records. Each of the Borrower and each of the Subsidiaries will keep books and records in accordance with
GAAP which accurately reflect all of its business affairs and transactions and will permit the Administrative Agent, any Lender or any
of their respective representatives, at reasonable times and intervals upon reasonable notice to the Borrower, to visit the Borrower’s
or any of the Subsidiaries’ offices, to discuss the Borrower’s or any of the Subsidiaries’ financial or other matters
with its officers and employees, and its independent public accountants (and the Borrower hereby authorizes such independent public accountant
to discuss the Borrower’s and any of the Subsidiaries’ financial and other matters with the Lender or its representatives,
whether or not any representative of the Borrower or any of the Subsidiaries is present) and to examine (and photocopy extracts from)
any of its books and records. The Borrower shall pay any fees of such independent public accountant incurred in connection with the Lender’s
exercise of its rights pursuant to this Section 7.5. The Borrower shall only be required to pay for one such examination per year
per Lender, unless an Event of Default has occurred and is continuing.

 

SECTION
7.6 Environmental Law Covenant. Each of the Borrower and each of the Subsidiaries will (a) use and operate all of its and
their businesses, facilities and properties in material compliance with all Environmental Laws, and keep and maintain all Environmental
Permits and remain in compliance therewith, except in each case to the extent such non-compliance could not reasonably be expected to
result in a Material Adverse Effect and (b) promptly notify the Administrative Agent of, and provide the Administrative Agent with copies
of all material claims, complaints, notices or inquiries received in writing relating to, any actual or alleged non-compliance with any
Environmental Laws or Environmental Permits or any actual or alleged Environmental Liabilities. The Borrower and each of the Subsidiaries
will promptly resolve, remedy and mitigate any such non-compliance or Environmental Liabilities in accordance with reasonable business
practices, and shall keep the Lenders informed as to the progress of same.

 

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SECTION
7.7 Use of Proceeds. The Borrower will apply the proceeds of the Loan to refinance the Initial Loans, to pay fees, costs
and expenses in connection with the Transactions and to fund general corporate matters.

 

SECTION
7.8 Future Guarantors, Security, Etc. The Borrower and each Subsidiary will execute any documents, financing statements,
agreements and instruments, and will take all further action that may be required under applicable Law, or that Administrative Agent or
the Required Lenders may reasonably request, in order to effectuate the transactions contemplated by the Loan Documents and in order to
grant, preserve, protect and perfect the validity and first priority (subject to Liens permitted by Section 8.3) of the Liens created
or intended to be created by the Credit Documents. The Borrower will (a) cause any subsequently acquired or organized Subsidiary that
qualifies as a Material Subsidiary to, effective upon its acquisition or organization, and (b) as promptly as practicable but in no event
later than 15 days (or such later date as may be agreed upon by the Administrative Agent) after any Subsidiary qualifies independently
as, or is designated by the Borrower or the Administrative Agent (in accordance with the definition of “Material Subsidiary”
herein) as, a Material Subsidiary, provide the Administrative Agent and the Lenders with written notice thereof and cause each such Subsidiary
to, in each case of clauses (a) or (b), become a Guarantor and execute a supplement (in form and substance reasonably satisfactory
to the Administrative Agent) to the Guarantee and each other applicable Loan Document in favor of the Secured Parties and take such other
actions as may be required or reasonably requested for the Secured Parties to have a valid Lien with the priority intended to be created
on and security interest in all of the assets of such Material Subsidiary, subject to no other Liens (other than Liens permitted by Section
8.3). The Borrower will promptly notify the Administrative Agent of any subsequently acquired ownership interest in real property
by the Borrower or by any Subsidiary and will provide the Administrative Agent with a description of such real property, the acquisition
date thereof and the purchase price therefor. In addition, from time to time, each of the Borrower and each of the Material Subsidiaries
will, at its cost and expense, promptly secure the Obligations by pledging or creating, or causing to be pledged or created, perfected
Liens with respect to such of its assets and properties as the Administrative Agent or the Required Lenders shall reasonably designate,
it being agreed that it is the intent of the Parties that the Obligations shall be secured by, among other things, substantially all the
assets of the Borrower and the Material Subsidiaries (including real property and personal property acquired subsequent to the Amendment
and Restatement Closing Date). Such Liens will be created under the Credit Documents in form and substance satisfactory to the Administrative
Agent and the Required Lenders, and the Borrower and each of the Material Subsidiaries shall deliver or cause to be delivered to the Administrative
Agent all such instruments and documents (including mortgages, legal opinions, title insurance policies and lien searches) as Administrative
Agent or the Required Lenders shall reasonably request to evidence compliance with this Section 7.8.

 

SECTION
7.9 Obtaining of Permits, Etc. With respect to each Product, each of the Borrower and each of the Subsidiaries will obtain,
maintain and preserve, and take all necessary action to timely renew all Key Permits and accreditations which are necessary in the proper
conduct of its business.

 

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SECTION
7.10 Permits. The Borrower and each of the Subsidiaries shall maintain each Key Permit, including each Regulatory Authorization,
from, or file any notice or registration in, each jurisdiction in which the Borrower or any of the Subsidiaries are required to obtain
any Key Permit or Regulatory Authorization or to file any notice or registration, in order to design, manufacture, store, label, sell,
promote, import or distribute any Product.

 

SECTION
7.11 Maintenance of Regulatory Authorizations, Contracts, Intellectual Property, Etc. With respect to the Products, each
of the Borrower and each of the Subsidiaries will: (i) maintain in full force and effect all material Regulatory Authorizations, contract
rights, authorizations or other rights necessary for the operations of its business; (ii) notify the Administrative Agent, promptly after
learning thereof, of any product recalls, safety alerts, corrections, withdrawals, marketing suspensions, removals or the like conducted,
to be undertaken or issued, by the Borrower, any of the Subsidiaries or their respective suppliers whether or not at the request, demand
or order of any Governmental Authority or otherwise with respect to any Product, or any basis for undertaking
or issuing any such action or item; (iii) design, store, label, sell, promote, import, distribute and manufacture all Products in material
compliance with QSRs, the FD&C Act and other applicable Laws; (iv) conduct all studies, tests and trials relating to the Products
in accordance with all cGCPs, and other applicable Laws; (v) operate all manufacturing facilities in material compliance with QSRs and
all other applicable Laws; (vi) maintain in full force and effect or pursue the prosecution of, as the case may be, and pay all costs
and expenses relating to, all material Intellectual Property owned or controlled by the Borrower or any of the Subsidiaries and
all Material Agreements, except in the event that the Borrower determines in its reasonable commercial judgment not to do so; (vii) notify
the Administrative Agent, promptly after learning thereof, of any Infringement or other violation by any Person of its Intellectual Property
and aggressively pursue any such Infringement or other violation except in any specific circumstances where both (A) the Borrower or any
of the Subsidiaries has determined that it is not commercially reasonable to do so and (B) where not doing so does not materially adversely
affect any Product; (viii) use commercially reasonable efforts to pursue and maintain in full force and effect legal protection for, and
protect against Infringement with respect to, all material Intellectual Property, including Patents, developed or controlled by the Borrower
or any of the Subsidiaries; and (ix) notify the Administrative Agent, promptly after learning thereof, of any claim by any Person that
the conduct of the Borrower’s or any of the Subsidiaries’ business or any of their respective suppliers’ business (including
the development, manufacture, use, sale or other commercialization of any Product) Infringes any Intellectual Property of that Person
and use commercially reasonable efforts to resolve such claim, except where the Borrower determines in its reasonable commercial judgment
not to do so.

 

SECTION
7.12 Inbound Licenses. Each of the Borrower and the Subsidiaries will, promptly after entering into or becoming bound by
any material inbound license agreement (other than over-the-counter or “open-source” software that is commercially available
to the public) in respect of any Intellectual Property: (a)

 

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provide
written notice to the Administrative Agent of the material terms of such license agreement with a description of its anticipated and
projected impact on the Borrower’s and the Subsidiaries’ business and financial condition; and (b) take such commercially
reasonable actions as the Administrative Agent or the Required Lenders may reasonably request to obtain the consent of, or waiver by,
any Person whose consent or waiver is necessary for the Secured Parties to be granted and perfect a valid security interest in such license
agreement and to fully exercise its rights under any of the Loan Documents in the event of a disposition or liquidation of the rights,
assets or property that is the subject of such license agreement.

 

SECTION
7.13 Cash Management. Each of the Borrower and the Guarantors will:

 

(a)              
maintain a current and complete list of all accounts (of the type initially set forth on Schedule 6.22 to the Disclosure
Letter) and (other than (i) cash collateral accounts securing corporate credit card or letter of credit obligations, holding solely the
amount of cash permitted hereunder to secure such obligations and (ii) accounts exclusively used for payroll, payroll Taxes and other
employee wage and benefit programs to or for the benefit of the Borrower’s or a Subsidiary’s employees, which shall in no
event hold in the aggregate more than the amount reasonably expected to meet such payroll expenses for the following calendar month, including
bonuses and other payments to be paid within the following calendar month (collectively, the “Excluded Accounts”))
promptly deliver any updates to such list to the Administrative Agent; execute and maintain an account control agreement for each such
account (other than the Excluded Accounts), in form and substance reasonably acceptable to the Administrative Agent (each such account,
a “Controlled Account”);

 

(b)              
deposit promptly after the date of receipt thereof in accordance with prudent business practices all cash, checks, drafts
or other similar items of payment relating to or constituting payments made in respect of any and all accounts and other rights and interests
into Controlled Accounts except to the extent permitted to be kept in Excluded Accounts; and

 

(c)              
at any time after the occurrence and during the continuance of an Event of Default, at the request of the Administrative
Agent, promptly cause all payments constituting proceeds of accounts to be directed into lockbox accounts under agreements in form and
substance satisfactory to the Required Lenders; provided that, for the avoidance of doubt, so long as no Event of Default has occurred
and is continuing, the Borrower shall, subject to Section 8.4, have full and complete access to, and may direct, and shall have sole control
over, the manner of disposition of funds in all Controlled Accounts to the extent not otherwise in violation of any other provision in
this Agreement or the other Loan Documents.

 

SECTION
7.14 Material Nonpublic Information.

 

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(a)              
Subject to clause (b), each Loan Party shall not, and shall cause each of its employees, officers, directors (or equivalent
persons), Affiliates, attorneys, agents and representatives to not, provide any Lender or any of its Affiliates, attorneys, agents or
representatives with any material nonpublic information regarding any of the Borrower, the Subsidiaries, the Borrower’s securities,
any of the Borrower’s Affiliates or any other Person (collectively, “Inside Information”) without the express
prior written consent of such Lender.

 

(b)              
Notwithstanding anything to the contrary herein, but subject to clause (c), in the event that any Loan Party believes that
a notice, report, information or communication to any Lender or any of its Affiliates, attorneys, agents or representatives contains Inside
Information, the Borrower shall, prior to delivery of such notice, report, information or communication, (A) indicate to such Lender that
such notice, report, information or communication contains Inside Information (without otherwise disclosing or describing the nature of
such Inside Information), which indication shall provide such Lender the means to refuse to receive such notice, report, information or
communication (and in the absence of any such indication, such Lender shall be allowed to presume that such notice, report, information
or communication does not contain Inside Information), and (B) provide such notice, report, information or communication to Outside Counsel
to such Lender.

 

(c)              
Notwithstanding the foregoing, to the extent the Borrower reasonably and in good faith determines that it is necessary to
disclose Inside Information to a Lender for purposes relating to this Agreement or any other Loan Document (a “Necessary Disclosure”),
the Borrower shall inform Outside Counsel to such Lender of such determination without disclosing the applicable Inside Information, and
the Borrower and such Outside Counsel on behalf of the applicable Lender shall endeavor to agree upon a process for making such Necessary
Disclosure to the applicable Lender or its representatives that is mutually acceptable to such Lender and the Borrower (an “Agreed
Disclosure Process”). Thereafter, the Borrower shall be permitted to make such Necessary Disclosure (only) in accordance with
the Agreed Disclosure Process.

 

(d)              
Neither the Administrative Agent nor any Affiliates thereof shall provide any Inside Information to any Lender without complying
with the processes set forth in Section ‎7.14 as if the Administrative Agent were the Borrower for the purposes thereof.

 

(e)              
The Borrower hereby acknowledges and agrees, on behalf of itself and each of the Subsidiaries that, notwithstanding anything
to the contrary contained herein, no Lender (nor any of such Lender’s Affiliates, attorneys, agents or representatives) shall have
any duty of trust or confidence (including any obligation under any confidentiality or non-disclosure agreement entered into by such Lender)
with respect to, or any obligation not to trade in any securities while aware of, any Inside Information (i) provided by, or on behalf
of, the Borrower, any of its Affiliates, or any of its or their respective officers, directors (or equivalent persons), employees, attorneys,
agents or representatives in violation of any of the representations, covenants, provisions or agreements set forth in this Section
‎7.14 or (ii) otherwise possessed (or continued to be possessed) by any Lender (or any Affiliate, agent or

 

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representative
thereof) as a result of any breach or violation of any representation, covenant, provision or agreement set forth in this Section
‎7.14. In the event of a breach of any of the covenants set forth in this Section ‎7.14 by the Borrower, any of its
Affiliates, or any of its or their respective officers, directors (or equivalent persons), employees, attorneys, agents or representatives,
in addition to any other remedies provided herein or otherwise available at law or in equity, the Lender shall have the right to make
a public disclosure in the form of a press release or otherwise, of the applicable Inside Information without the prior approval by the
Borrower, any of its Affiliates or any of its or their respective officers, directors (or equivalent persons), employees, stockholders,
attorneys, agents or representatives, and no Lender (nor any of its Affiliates, agents or representatives) shall have any liability to
the Borrower, any of its Affiliates or any of its or their respective officers, directors (or equivalent persons), employees, stockholders,
attorneys, agents or representatives for any such disclosure.

 

SECTION
7.15 Post-Closing Obligations. As soon as reasonably practicable, but in any event on or before the date that is thirty (30) days
after the Amendment and Restatement Closing Date (or such later date as agreed by the Required Lenders in their sole discretion), the
Borrower shall deliver, or cause to be delivered to Administrative Agent stock certificates and undated stock powers (or its equivalent)
executed in blank for all issued and outstanding equity interests in Acutus Medical, N.V. (to the extent such equity interests are customarily
certificated in Belgium), pledged by Borrower or enter into such other arrangements reasonably satisfactory to the Required Lenders.

 

ARTICLE
VIII

NEGATIVE COVENANTS

 

The Borrower covenants and
agrees with the Administrative Agent and the Lenders that until the Termination Date has occurred, the Borrower and the Subsidiaries will
perform or cause to be performed the obligations set forth below.

 

SECTION
8.1 Business Activities. None of the Borrower or any of the Subsidiaries will engage in any business activity except those
business activities engaged in on the date of this Agreement and activities reasonably incidental thereto. The Borrower shall not and
shall not permit any of its Subsidiaries to, directly or indirectly, be an “investment company” or a company “controlled”
by an “investment company”, as such terms are defined in the Investment Company Act, or to otherwise be registered under or
required to be registered under or subject to the restrictions imposed by the Investment Company Act.

 

SECTION
8.2 Indebtedness. None of the Borrower or any of the Subsidiaries will create, incur, assume or permit to exist any Indebtedness,
other than:

 

(a)              
Indebtedness in respect of the Obligations;

 

(b)              
[reserved]

 

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(c)              
Indebtedness existing as of the Amendment and Restatement Closing Date which is identified in Schedule 8.2(c) to
the Disclosure Letter, and refinancing of such Indebtedness in a principal amount not in excess of that which is outstanding on the Amendment
and Restatement Closing Date (as such amount may have been reduced following the Amendment and Restatement Closing Date);

 

(d)              
unsecured Indebtedness in respect of performance, surety or appeal bonds provided in the ordinary course of business in
an aggregate amount at any time outstanding not to exceed $500,000;

 

(e)              
Purchase Money Indebtedness and Capitalized Lease Liabilities in a principal amount not to exceed $500,000 in the aggregate
outstanding at any time;

 

(f)               
Permitted Subordinated Indebtedness;

 

(g)              
[reserved];

 

(h)              
Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of Borrower’s
business;

 

(i)                
Indebtedness incurred in connection with corporate credit card arrangements;

 

(j)                
Indebtedness consisting of reimbursement obligations pursuant to letter of credit arrangements that are repaid within five
Business Days of becoming due;

 

(k)              
Unsecured Indebtedness in the form of purchase price adjustments, earn outs, deferred compensation, or other arrangements
representing acquisition consideration or deferred payments of a similar nature incurred in connection with Investments permitted by Section
8.5; provided that the amount of such obligation shall be deemed part of the cost of such Investment (the amount of which shall
be deemed to be the amount required to be accrued as a liability in accordance with GAAP or the amount actually paid);

 

(l)                
Indebtedness consisting of the financing of insurance premiums;

 

(m)            
Indebtedness (i) of any Loan Party that is organized in the United States owing to any other Loan Party that is organized
in the United States, (ii) of any Subsidiaries that are not Guarantors or that are not organized in the United States owing to the Borrower
or any Guarantors organized in the United States, in an aggregate amount at any time outstanding not to exceed $500,000 and (iii) of any
Subsidiaries that are not Guarantors owing to any other Subsidiary that is not a Guarantor; provided that all of such Indebtedness
shall be subordinated to the Obligations pursuant to an intercompany debt subordination agreement in substantially the form of Exhibit
H hereto; and

 

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(n)              
other Indebtedness of the Borrower and the Subsidiaries in an aggregate amount at any time outstanding not to exceed $500,000;

 

provided that no Indebtedness otherwise
permitted by clauses (c), (e), (f), (m) or (n) shall be assumed, created or otherwise incurred if a
Default has occurred and is then continuing or would result therefrom.

 

SECTION
8.3 Liens. None of the Borrower or any of the Subsidiaries will create, incur, assume or permit to exist any Lien upon any
of its property (including Capital Securities of any Person), revenues or assets, whether now owned or hereafter acquired, except:

 

(a)              
Liens securing payment of the Obligations;

 

(b)              
[reserved]

 

(c)              
Liens existing as of the Amendment and Restatement Closing Date and disclosed in Schedule 8.3(c) to the Disclosure
Letter securing Indebtedness described in Section 8.2(b), and refinancings of such Indebtedness; provided that no such Lien
shall encumber any additional property and the amount of Indebtedness secured by such Lien is not increased from that existing on the
Amendment and Restatement Closing Date (as such Indebtedness may have been reduced following the Amendment and Restatement Closing Date);

 

(d)              
Liens securing payment of Permitted Subordinated Indebtedness that are (i) subordinate to the Liens securing payment of
the Obligations and all other Indebtedness owing from the Borrower or the Subsidiaries to the Secured Parties and (ii) subject to a written
subordination agreement satisfactory to the Secured Parties in their sole discretion;

 

(e)              
Liens securing Indebtedness of the Borrower or the Subsidiaries permitted pursuant to Section 8.2(e); provided
that (i) such Liens shall be created within 180 days of the acquisition of the assets financed with such Indebtedness and (ii) such Liens
do not at any time encumber any property other than the property (and proceeds thereof) acquired, leased or built, or the improvements
or repairs, in each case so financed;

 

(f)               
Liens in favor of carriers, warehousemen, mechanics, materialmen and landlords granted in the ordinary course of business
for amounts not overdue or being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance
with GAAP shall have been set aside on its books;

 

(g)              
Liens incurred or deposits made in the ordinary course of business in connection with worker’s compensation, unemployment
insurance or other forms of governmental insurance or benefits, or to secure performance of tenders, statutory obligations, bids, leases
or other similar obligations (other than for borrowed money) entered into in the ordinary course of business or to secure obligations
on surety and appeal bonds or performance bonds;

 

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(h)              
judgment Liens in existence for less than 45 days after the entry thereof or with respect to which execution has been
stayed or the payment of which is covered in full (subject to a customary deductible) by insurance maintained with responsible insurance
companies and which do not otherwise result in an Event of Default under Section 9.1(f);

 

(i)                
easements, rights-of-way, zoning restrictions, minor defects or irregularities in title and other similar encumbrances not
interfering in any material respect with the value or use of the property to which such Lien is attached;

 

(j)                
Liens for Taxes not at the time delinquent or thereafter payable without penalty or being diligently contested in good faith
by appropriate proceedings and for which adequate reserves in accordance with GAAP shall have been set aside on its books;

 

(k)              
deposits of cash to secure the performance of bids, tenders, trade contracts, leases, government contracts, statutory obligations,
surety, stay, customs and appeal bonds, performance and return money bonds, other obligations of a like nature incurred in the ordinary
course of business and Liens consisting of cash collateral securing Indebtedness described in Section 8.2(i) or Section 8.2(j)
in an aggregate amount at any time outstanding not to exceed $800,000;

 

(l)                
Liens on insurance proceeds in favor of insurance companies granted solely to secure financed insurance premiums;

 

(m)            
Liens in favor of custom and revenue authorities arising as a matter of law to secure the payment of custom duties in connection
with the importation of goods;

 

(n)              
Liens on any earnest money deposits required in connection with a Permitted Acquisition or consisting of earnest money deposits
required in connection with an acquisition of property not otherwise prohibited hereunder;

 

(o)              
leases or subleases of real property granted in the ordinary course of the Borrower’s or any Subsidiary’s business,
and leases, subleases, non-exclusive licenses or sublicenses of personal property (other than Intellectual Property) granted in the ordinary
course of the Borrower’s or any Subsidiary’s business, if the leases, subleases, licenses and sublicenses do not prohibit
granting the Administrative Agent a security interest therein;

 

(p)              
non-exclusive license of Intellectual Property granted to third parties in the ordinary course of business;

 

(q)              
licenses or sublicenses of Intellectual Property otherwise permitted under this Agreement or the other Loan Documents, and
restrictions under licenses of Intellectual Property entered into in the ordinary course of business pursuant to which the Borrower or
any of its Subsidiaries is a licensee;

 

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(r)               
banker’s liens, rights of setoff and Liens in favor of financial institutions incurred in the ordinary course of business
arising in connection with the Borrower’s or any Subsidiary’s deposit accounts or securities accounts held at such institutions
to secure solely payment of fees and similar costs and expenses; provided that such accounts are maintained in compliance with
Section 7.13(a); and

 

(s)               
other Liens securing Indebtedness or other obligations of the Borrower and its Subsidiaries in an aggregate amount at any
time outstanding not to exceed $250,000.

 

Each Secured Party agrees to execute and deliver
such collateral subordination agreements and related documents as reasonably requested of it to confirm the priority of the Liens permitted
pursuant to Section 8.3(e).

 

SECTION
8.4 Minimum Liquidity. The Liquidity of the Borrower shall not at any time be less than $20,000,000.

 

SECTION
8.5 Investments. None of the Borrower or any of the Subsidiaries will purchase, make, incur, assume or permit to exist any
Investment in any other Person, except:

 

(a)              
Investments existing on the Amendment and Restatement Closing Date and identified in Schedule 8.5(a) to the Disclosure
Letter;

 

(b)              
(i) Investments consisting of cash and Cash Equivalent Investments and (ii) any other Investments permitted by the Borrower’s
investment policy, as amended from time to time, provided that such investment policy (and any such amendment thereto) has been
approved in writing by the Borrower’s board of directors so long as set forth on Schedule 8.5(a) to the Disclosure Letter
or approved by the Required Lenders (such approval not to be unreasonably withheld);

 

(c)              
Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes
with, customers and suppliers, in each case in the ordinary course of business;

 

(d)              
Investments consisting of any deferred portion of the sales price received by the Borrower or any of the Subsidiaries in
connection with any Disposition permitted under Section 8.8;

 

(e)              
Investments constituting (i) accounts receivable arising, (ii) trade debt granted, or (iii) deposits made,
in each case of clauses (i) through (iii), in connection with the purchase price of goods or services, in each case in the
ordinary course of business;

 

(f)               
Permitted Acquisitions;

 

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(g)              
(i) Investments by the Borrower or any Guarantor in the Borrower or any Guarantor that is organized in the United States;
(ii) Investments by the Borrower or any Guarantor in any Subsidiary that is not a Guarantor or that is a Guarantor that is not organized
in the United States, in an aggregate amount not to exceed $500,000 for all such Investments, (iii) Investments by Subsidiaries that are
not Guarantors in the Borrower or any Guarantor and (iv) Investments by Subsidiaries that are not Guarantors in any other Subsidiary that
is not a Guarantor.

 

(h)              
Investments in the ordinary course of business consisting of endorsements of negotiable instruments for collection or deposit;

 

(i)                
Investments consisting of the creation of a Subsidiary; provided, however, the creation of such Subsidiary
is in accordance with Section 7.8;

 

(j)                
Investments in an aggregate amount not to exceed $100,000 consisting of (i) travel advances and employee relocation
loans and other employee loans and advances in the ordinary course of business, and (ii) loans to employees, officers or directors
relating to the purchase of Capital Securities of the Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements
approved by the Borrower’s board of directors;

 

(k)              
Contingent Liabilities of a Loan Party in favor of another Loan Party and permitted under Section 8.2; and

 

(l)                
other Investments in an aggregate amount not to exceed $500,000 over the term of this Agreement.

 

SECTION
8.6 Restricted Payments, Etc. None of the Borrower or any of the Subsidiaries will declare or make a Restricted Payment,
or make any deposit for any Restricted Payment, other than:

 

(a)              
Restricted Payments made by (i) the Borrower or any Subsidiary to the Borrower or any Guarantor and (ii) any Subsidiary
that is not a Guarantor to another Subsidiary that is not a Guarantor; and

 

(b)              
payments to repurchase the stock of former employees, directors, consultants or other service providers pursuant to the
terms of employee stock purchase plans, employee restricted stock agreements, stockholder rights plans, director or consultant stock option
plans, or similar plans, provided such repurchases do not exceed $100,000 in the aggregate.

 

SECTION
8.7 Consolidation, Merger; Permitted Acquisitions, Etc. None of the Borrower or any of the Subsidiaries will liquidate or
dissolve, consolidate with, or merge into or with, any other Person, or purchase or otherwise acquire all or substantially all of the
assets of any Person (or any division thereof), except (i) that, so long as no Event of Default has occurred and is continuing (or would
occur), any Subsidiary may liquidate or dissolve voluntarily into, and may merge with and into, (x) any other Subsidiary or (y) the Borrower,
solely to the extent the Borrower is the surviving Person and such Subsidiary is organized in the United States; and (ii) in connection
with a Permitted Acquisition; provided that, in the case of clause (ii), the Borrower

 

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or any Subsidiary
may merge into or consolidate with any other Person or permit any other Person to merge into or consolidate with it, so long as (a) the
Person surviving such merger with any Subsidiary shall be a direct or indirect wholly owned Subsidiary of the Borrower and, if qualifying
as a Material Subsidiary, it shall be a Guarantor, and (b) in the case of any such merger to which the Borrower is a party, the
Borrower is the surviving Person and such Person is organized in the United States.

 

SECTION
8.8 Permitted Dispositions. None of the Borrower or any of the Subsidiaries will Dispose of any of its assets (including
accounts receivable and Capital Securities of the Borrower or its Subsidiaries) to any Person in one transaction or series of transactions
other than (a) Dispositions of inventory or of obsolete, damaged, worn out or surplus property Disposed of in the ordinary course of business,
(b) Dispositions pursuant to Liens permitted by Section 8.3 or mergers or consolidations permitted by Section 8.7,
(c) all other Dispositions not to exceed $100,000 in the aggregate in any Fiscal Year or (d) Dispositions made in accordance with the
MDT Sale Agreement (as in effect on the Amendment and Restatement Closing Date).

 

SECTION
8.9 Modification of Certain Agreements. None of the Borrower or any of the Subsidiaries will consent to any amendment, supplement,
waiver or other modification of, or enter into any forbearance from exercising any rights with respect to, the terms or provisions contained
in (a) any Organic Documents, if the result would have an adverse effect on the rights or remedies of the Administrative Agent or the
Lenders, (b) any agreement governing any Permitted Subordinated Indebtedness, if the result would shorten the maturity date thereof or
advance the date on which any cash payment is required to be made thereon or would otherwise change any terms thereof in a manner adverse
to the Administrative Agent or the Lenders, in their capacities as such, or (c) except with the prior written consent of the Required
Lenders, the MDT Sale Agreement, to the extent any such amendment, supplement, waiver or other modification of, or entering into any forbearance
from exercising any right with respect to, the terms or provisions contained therein is materially adverse to the Lenders; provided
that the following shall be deemed to be materially adverse to the Lenders: (x) any material change to the assets subject to the MDT Asset
Sale and (y) any material change to the amount, timing or type of consideration to be received by the Borrower pursuant to the MDT Asset
Sale.

 

SECTION
8.10 Transactions with Affiliates. None of the Borrower or any of the Subsidiaries will enter into or cause or permit to
exist any arrangement, transaction or contract (including for the purchase, lease or exchange of property or the rendering of services)
with any of its Affiliates, except for (a) transactions that are in the ordinary course of the Borrower’s or such Subsidiary’s
business, upon fair and reasonable terms that are no less favorable to the Borrower or such Subsidiary than would be obtained in an arm’s
length transaction with a non-affiliated Person, (b) compensation arrangements for officers or directors approved by the Borrower’s
board of directors or a duly authorized committee thereof, and (d) Permitted Subordinated Indebtedness or equity investments by the
Borrower’s investors in the Borrower.

 

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SECTION
8.11 Restrictive Agreements, Etc. None of the Borrower or any of the Subsidiaries will enter into any agreement prohibiting
(a) the creation or assumption of any Lien upon its properties, revenues or assets, whether now owned or hereafter acquired, (b) the ability
of the Borrower or any Subsidiary to amend or otherwise modify any Loan Document, or (c) the ability of the Borrower or any Subsidiary
to make any payments, directly or indirectly, to the Borrower, including by way of dividends, advances, repayments of loans, reimbursements
of management and other intercompany charges, expenses and accruals or other returns on investments. The foregoing prohibitions shall
not apply to restrictions contained:

 

(i) in any Loan Document; or

 

(ii) in the case of clause (a),
(1) in any agreement governing any Indebtedness permitted by Section 8.2(d) as to the assets financed with the proceeds of such
Indebtedness, (2) this Agreement and the other Loan Documents, (3) customary restrictions on the assignment of leases, licenses and other
agreements, (4) covenants with such restrictions in merger or acquisition agreements, provided that such covenants do not prohibit
Borrower or a Subsidiary from granting a security interest in Borrower’s or any Subsidiary’s property in favor of the Administrative
Agent or the Lenders and provided further that the counter-parties to such covenants are not permitted to receive a security interest
in Borrower’s or a Subsidiary’s property; or

 

(iii) in the case of clause (c),
except for restrictions existing under or by reason of (1) any restrictions existing under the Loan Documents, or (2) applicable Law.

 

SECTION
8.12 Sale and Leaseback. Except as permitted in Section 8.3(e), none of the Borrower or any of the Subsidiaries will
directly or indirectly enter into any agreement or arrangement providing for the sale or transfer by it of any property (now owned or
hereafter acquired) to a Person and the subsequent lease or rental of such property or other similar property from such Person.

 

SECTION
8.13 Product Agreements. None of the Borrower or any of the Subsidiaries will enter into any amendment with respect to any
existing Product Agreement or enter into any new Product Agreement that contains (a) any provision that permits any counterparty other
than the Borrower or any of the Subsidiaries to terminate such Product Agreement for any reason related to the insolvency or change of
control of the Borrower or any of the Subsidiaries or assignment of such Product Agreement by the Borrower or any of the Subsidiaries,
(b) any provision which restricts or penalizes a security interest in, or the assignment of, any Product Agreements, upon the sale, merger
or other Disposition of all or a material portion of a Product to which such Product Agreement relates, or (c) any other provision that
has or is likely to adversely affect, in any material respect, any Product to which such agreement relates or any Secured Party’s
rights hereunder.

 

SECTION
8.14 Change in Name, Location or Executive Office or Executive Management; Change in Fiscal Year. None of the Borrower or
any of the Subsidiaries will (a) without 30 days’ prior written notice to the Administrative Agent, change its legal name or any
trade name used to identify it in the conduct

 

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of its business
or ownership of its properties, (b) change its jurisdiction of organization or legal structure, (c) without 30 days’ prior written
notice to the Administrative Agent, relocate its chief executive office, principal place of business or any office in which it maintains
books or records relating to its business (including the establishment of any new office or facility), (d) change its federal taxpayer
identification number or organizational number (or equivalent) without 30 days’ prior written notice to the Administrative Agent,
(e) replace its chief executive officer or chief financial officer without written notification to the Administrative Agent within 30
days thereafter, (f) change its Fiscal Year or any of its Fiscal Quarters, or (g) enter into any Division/Series Transaction, or permit
any of its Subsidiaries to enter into, any Division/Series Transaction (it being understood that none of the provisions in this Agreement
nor any other Loan Document shall be deemed to permit any Division/Series Transaction).

 

SECTION
8.15 Benefit Plans and Agreements. None of the Borrower or any Subsidiary will (a) become the sponsor of, incur any responsibility
to contribute to or otherwise incur actual or potential liability with respect to, any Benefit Plan, (b) allow any “employee benefit
plan” as defined in section 3(3) of ERISA that provides retirement benefits, is sponsored by the Borrower, any Subsidiary or any
of their ERISA Affiliates, and is intended to be Tax qualified under section 401 or 501 of the Code to cease to be Tax qualified, (c)
allow the assets of any Tax qualified retirement plan to become invested in Capital Securities of the Borrower or any Subsidiary, (d)
allow any “employee benefit plan” (as defined in section 3(3) of ERISA) sponsored, maintained, contributed to or required
to be contributed to by the Borrower or any Subsidiary to fail to comply in all material respects with its terms and applicable Laws,
or (e) allow any employee benefit plan as defined in section 3(3) of ERISA that provides medical, dental, vision, or long-term disability
benefits and that is sponsored by the Borrower or any of its Subsidiaries or any of their ERISA Affiliates (or under which any of these
Persons has any actual or potential liability), to cease to be fully insured by a third party insurance company. None of the Borrower
or any of its Subsidiaries will enter into any employment, severance, change in control, independent contractor, or consulting agreements
or grant any equity awards other than in the ordinary course of business and consistent with past practice.

 

ARTICLE
IX

EVENTS OF DEFAULT

 

SECTION
9.1 Listing of Events of Default. Each of the following events or occurrences described in this Article IX shall
constitute an “Event of Default”:

 

(a)              
Non-Payment of Obligations. The Borrower shall default in the payment or prepayment when due of (i) any principal
of or interest on any Loan, or (ii) any fee described in Article III or any other monetary Obligation, and in the case of clause
(ii) such default shall continue unremedied for a period of three Business Days after such amount was due.

 

(b)              
Breach of Warranty. Any representation or warranty made or deemed to be made by the Borrower or any of the Subsidiaries
in any Loan Document (including any certificates delivered pursuant to Article V) is or shall be incorrect in any material respect
when made or deemed to have been made.

 

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(c)              
Non-Performance of Certain Covenants and Obligations. The Borrower or any Subsidiary shall default in the due performance
or observance of any of its obligations under Section 7.1, Section 7.7, Section 7.15 or Article VIII.

 

(d)              
Non-Performance of Other Covenants and Obligations. The Borrower or any Subsidiary shall default in the due performance
and observance of any other covenant, obligation or agreement contained in any Loan Document executed by it, and such default shall continue
unremedied for a period of 30 days after the earlier to occur of (i) notice thereof given to the Borrower by the Lenders or (ii)
the date on which the Borrower or any Subsidiary has knowledge of such default.

 

(e)              
Default on Other Indebtedness. A default shall occur in the payment of any amount when due (subject to any applicable
grace period), whether by acceleration or otherwise, of any principal or stated amount of, or interest or fees on, any Indebtedness of
the Borrower or any of the Subsidiaries having a principal or stated amount, individually or in the aggregate, in excess of $250,000,
or a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect
of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period
of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause or declare
such Indebtedness to become due and payable or to require such Indebtedness to be prepaid, redeemed, purchased or defeased, or require
an offer to purchase or defease such Indebtedness to be made, prior to its expressed maturity.

 

(f)               
Judgments. Any judgment or order for the payment of money individually or in the aggregate in excess of $250,000
(exclusive of any amounts fully covered by insurance (less any applicable deductible) and as to which the insurer has acknowledged its
responsibility to cover such judgment or order) shall be rendered against the Borrower or any of the Subsidiaries and such judgment shall
not have been vacated or discharged or stayed or bonded pending appeal within 30 days after the entry thereof or enforcement proceedings
shall have been commenced by any creditor upon such judgment or order.

 

(g)              
Change in Control. Any Change in Control shall occur.

 

(h)              
Bankruptcy, Insolvency, Etc. The Borrower or (except as permitted pursuant to Section 8.7) any of the Subsidiaries
shall:

 

(i)                
become insolvent or generally fail to pay, or admit in writing its inability or unwillingness generally to pay, debts as
they become due;

 

(ii)             
apply for, consent to, or acquiesce in the appointment of a trustee, receiver, sequestrator or other custodian for any substantial
part of the property of any thereof, or make a general assignment for the benefit of creditors;

 

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(iii)           
in the absence of such application, consent or acquiescence, permit or suffer to exist the appointment of a trustee, receiver,
sequestrator or other custodian for a substantial part of the property of any thereof, and such trustee, receiver, sequestrator or other
custodian shall not be discharged within 60 days; provided that the Borrower and each Subsidiary hereby expressly authorizes
the Administrative Agent and the Lenders to appear in any court conducting any relevant proceeding during such 60-day period to preserve,
protect and defend its rights under the Loan Documents;

 

(iv)            
permit or suffer to exist the commencement of any bankruptcy, insolvency, reorganization, debt arrangement, arrangement
(including any plan of compromise or arrangement or other corporate proceeding involving or affecting its creditors) or other case or
proceeding under any bankruptcy or insolvency law or any dissolution, winding up or liquidation proceeding, in respect thereof (each,
an “Insolvency Event”), and, if any such case or proceeding is not commenced by the Borrower or any Subsidiary, such
case or proceeding shall be consented to or acquiesced in by the Borrower or such Subsidiary, as the case may be, or shall result in the
entry of an order for relief or shall remain for 60 days undismissed; provided that the Borrower and each Subsidiary hereby
expressly authorizes the Administrative Agent and the Lenders to appear in any court conducting any such case or proceeding during such
60-day period to preserve, protect and defend its rights under the Loan Documents; or

 

(v)              
take any action authorizing, or in furtherance of, any of the foregoing.

 

(i)                
Impairment of Security, Etc. Any Loan Document or any Lien granted thereunder shall (except in accordance with its
terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of
the Borrower or any Subsidiary subject thereto; the Borrower, any Subsidiary or any other party shall, directly or indirectly, contest
in any manner such effectiveness, validity, binding nature or enforceability; or, except as permitted under any Loan Document, any Lien
securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien.

 

(j)                
Key Permit Events. Any Key Permit or any of the Borrower’s or any Subsidiary’s material rights or interests
thereunder is terminated or amended in any manner adverse to the Borrower or any Subsidiary in any material respect.

 

(k)              
Material Adverse Effect. Any circumstance occurs that has had or could reasonably be expected to have a Material
Adverse Effect.

 

(l)                
Regulatory Matters. If any of the following occurs: (i) the FDA, CMS or any other Governmental Authority (A) issues
a letter or other communication asserting that any Product lacks a required Regulatory Authorization or (B) initiates enforcement action
against, or issues a warning letter with respect to, the Borrower or any of the Subsidiaries, or any Product or the manufacturing facilities
therefor, that in

 

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the case
of either clause (A) or (B) causes the Borrower or such Subsidiary to discontinue marketing of or withdraw any material
Product, or causes a material delay in the manufacture or offering of any material Product, which discontinuance, withdrawal or delay
could reasonably be expected to last for more than three months; (ii) a recall which could reasonably be expected to result in aggregate
liability to the Borrower and the Subsidiaries in excess of $500,000; or (iii) the Borrower or any of the Subsidiaries enters into a
settlement agreement with the FDA, CMS or any other Governmental Authority that results in aggregate liability as to any single or related
series of transactions, incidents or conditions in excess of $500,000.

 

SECTION
9.2 Action if Bankruptcy. If any Event of Default described in clauses (i) through (iv) of Section 9.1(h) with respect
to the Borrower shall occur, the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal
amount of the Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand
to any Person.

 

SECTION
9.3 Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (i)
through (iv) of Section 9.1(h)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative
Agent may, and shall at the written direction of the Administrative Agent or the Required Lenders, by notice to the Borrower declare all
or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable and the Commitments (if not
theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loans and other Obligations which shall be so declared
due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and the Commitments shall
terminate.

 

SECTION
9.4 Application of Funds. After the exercise of remedies provided for in Section 9.3 (or after the Loans have automatically
become immediately due and payable as set forth in Section 9.2), any amounts received by any Lender or the Administrative Agent
on account of the Obligations shall be applied in the following order:

 

First, to payment of that portion
of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to
the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such;

 

Second, to payment of that portion
of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable to the Lenders (including
fees, charges and disbursements of counsel to the respective Lenders) arising under the Loan Documents and amounts payable under Section
4.3, ratably among them in proportion to the respective amounts described in this clause Second payable to them;

 

Third, to payment of that portion
of the Obligations constituting accrued and unpaid interest on the Loans and amounts payable under Sections 3.7, 3.8 and
3.10, ratably among the Lenders in proportion to the respective amounts described in this clause Third held by them;

 

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Fourth, to payment of that portion
of the Obligations constituting accrued and unpaid principal of the Loans, ratably among the Lenders in proportion to the respective amounts
described in this clause Fourth held by them; and

 

Last, the balance, if any, after
all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by law.

 

ARTICLE
X

MISCELLANEOUS PROVISIONS

 

SECTION
10.1 Waivers, Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Credit Document, and
no consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required
Lenders and the Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such
waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, further,
that

 

(a)              
no such amendment, waiver or consent shall:

 

(i)                
extend or increase the Commitment of a Lender (or reinstate any Commitment terminated pursuant to Section 9.2) without
the written consent of such Lender whose Commitment is being extended or increased (it being understood and agreed that a waiver of any
condition precedent set forth in Article V or a waiver of any Default or a mandatory reduction in Commitments is not considered
an extension or increase in Commitments of any Lender);

 

(ii)             
postpone any date fixed by this Agreement or any other Credit Document for any payment of principal (excluding mandatory
prepayments), interest, Repayment Premiums, fees or other amounts due to the Lenders (or any of them) without the written consent of each
Lender entitled to receive such payment (it being understood that a waiver of any Default or Event of Default shall not constitute such
a postponement);

 

(iii)           
reduce the principal of, the rate of interest specified herein on or any Repayment Premium or Exit Fee specified herein
on any Loan, or any fees or other amounts payable hereunder or under any other Credit Document without the written consent of each Lender
entitled to receive such payment of principal, interest, fees or other amounts (other than any such reduction in connection with a waiver
of any Default, Event of Default, mandatory prepayment or amendment to any financial covenant);

 

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(iv)            
(x) amend or waive any provision of Section 9.4, or (y) amend or waive any provision providing for the pro rata treatment
of the Lenders, in each case without the written consent of each Lender directly affected thereby;

 

(v)              
change any provision of this Section 10.1(a) or the definition of “Required Lenders” without the written
consent of all the Lenders; or

 

(vi)            
reduce any percentage specified in the definition of Required Lenders, consent to the assignment or transfer by the Borrower
of any of their rights and obligations under this Agreement and the other Credit Documents, or release all or substantially all of the
Collateral or release all or substantially all of the Guarantors from their obligations under the Guarantee, in each case without the
written consent of all the Lenders; and

 

(b)              
unless also signed by the Administrative Agent, no amendment, waiver or consent shall affect the rights or duties of the
Administrative Agent under this Agreement or any other Credit Document;

 

provided, however, that notwithstanding
anything to the contrary herein, (i) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that
affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes
the unanimous consent provisions set forth herein and (ii) the Required Lenders shall determine whether or not to allow a Loan Party to
use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the Lenders.

 

Any payments, fees or other consideration (other
than reimbursements for out-of-pocket expenses) received by or on behalf of the Administrative Agent or any of the Lenders in respect
of any amendment, waiver or consent under the Credit Documents shall be distributed to the Lenders on a pro rata basis.

 

SECTION
10.2 Notices; Time.

 

(a)  
All notices and other communications provided under any Credit Document shall be in writing, by facsimile or email and addressed,
delivered or transmitted, if to the Borrower or the Lenders, to the applicable Person at its address, facsimile number or email set forth
on Schedule 10.2 to the Disclosure Letter, or at such other address, facsimile number or email as may be designated by such Party
in a notice to the other Parties. Any notice, if mailed and properly addressed with postage prepaid or if properly addressed and sent
by pre-paid courier service, shall be deemed given when received; any notice, if transmitted by facsimile, shall be deemed given when
the confirmation of transmission thereof is received by the transmitter; and any notice, if sent by email, when received. Unless otherwise
indicated, all references to the time of a day in a Credit Document shall refer to New York City time.

 

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(b)  
The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic
(email) loan notices) purportedly given by or on behalf of any Loan Party even if (i) such notices were not made in a manner specified
herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood
by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify the Administrative Agent, each Lender and the
Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice
purportedly given by or on behalf of a Loan Party; provided that such indemnity shall not, as to any Person be available to the
extent that such losses, costs, expenses or liabilities are determined by a court of competent jurisdiction by final and non-appealable
judgment to have resulted from the gross negligence or willful misconduct of such Person. All telephonic notices to and other telephonic
communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents
to such recording.

 

SECTION
10.3 No Usury. Notwithstanding any other provision herein, the aggregate interest rate charged with respect to any of the
Obligations, including all charges or fees in connection therewith deemed in the nature of interest under applicable Law shall not exceed
the highest rate permitted by applicable Law. If the rate of interest (determined without regard to the preceding sentence) under this
Agreement at any time exceeds the highest lawful rate permitted by applicable Law, the outstanding amount of the Loans made hereunder
shall bear interest at the highest lawful rate permitted by applicable Law until the total amount of interest due hereunder equals the
amount of interest that would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been
in effect. Accordingly, if any Lender contracts for, charges, or receives any consideration that constitutes interest in excess of the
highest lawful rate permitted by applicable Law, then any such excess shall be cancelled automatically and, if previously paid, shall
at such Lender’s option be applied to the outstanding amount of the Loans made hereunder or be refunded to the Loan Parties.

 

SECTION
10.4 Indemnification; Expenses; and Damage Waiver.

 

(a)              
In consideration of the execution and delivery of this Agreement by the Lenders and the Administrative Agent, the Borrower
hereby indemnifies, agrees to defend, exonerates and holds each Lender and the Administrative Agent (and any sub-agent thereof) and each
Related Party of any of the foregoing Persons (collectively, the “Indemnified Parties”) free and harmless from and
against any and all actions, causes of action, suits, losses, costs, liabilities, obligations and damages, claims and expenses incurred
in connection therewith (irrespective of whether any such Indemnified Party is a party to the action for which indemnification hereunder
is sought or whether or not any investigation, claim, action, suit or proceeding is brought by the Borrower or any of its Subsidiaries
or any other Person), including reasonable and documented attorneys’ and professionals’ fees and disbursements (collectively,
the “Indemnified Liabilities”), including Indemnified Liabilities arising out of or relating to (a) the entering into
and performance of any Loan Document by any of the Indemnified Parties, and in the case of the Administrative Agent and their

 

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Related
Parties only, the administration and enforcement of any Loan Document (in each case, including any action brought by or on behalf of
the Borrower as the result of any determination by any Lender pursuant to Article V not to fund any Loan), and (b) any Environmental
Liability. The foregoing indemnification shall not be available to any Indemnified Party (x) to the extent that a court or arbitral tribunal
of competent jurisdiction issues a final and non-appealable judgment that such Indemnified Liability resulted from (i) the gross negligence
or willful misconduct of such Indemnified Party or (ii) other than with respect to the Administrative Agent (and its Related Parties)
a material breach of the obligations of such Indemnified Party under this Agreement at a time when neither the Borrower nor any of its
Subsidiaries affiliates have breached their obligations hereunder or (y) to the extent arising from any dispute solely among the Indemnified
Parties that does not involve an act or omission by the Borrower or any of its Subsidiaries. If and to the extent that the foregoing
indemnification may be unenforceable for any reason, the Borrower agrees to make the maximum contribution to the payment and satisfaction
of each of the Indemnified Liabilities which is permissible under applicable Law. Paragraph (a) of this Section 10.4 shall
not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim

 

(b)  
Costs and Expenses. The Loan Parties shall pay (i) all out-of-pocket expenses incurred by (A) Lenders party to this
Agreement on the date hereof and (B) the Administrative Agent, including the fees, charges and disbursements of counsel for the Lenders,
including local and foreign counsel, if any, which may be retained by or on behalf of any Lender, and counsel for the Administrative Agent,
and due diligence expenses incurred by such Lenders in connection with the preparation, negotiation, execution, delivery and administration
of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether
or not the transactions contemplated hereby or thereby shall be consummated), and (ii) all out-of-pocket expenses incurred by the Administrative
Agent or any Lender (including the fees, charges, legal expenses and disbursements of any counsel for the Administrative Agent or any
Lender), and shall pay all fees and time charges for attorneys who may be employees of the Administrative Agent or any Lender, in connection
with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights
under this Section, or (B) in connection with the Loans made hereunder, including all such out-of-pocket expenses incurred during any
workout or restructuring (whether or not consummated) or negotiations in respect of such Loans or in connection with the enforcement of
any Obligations. The Borrower further agrees to pay, and to hold each Lender harmless from all liability for, any Other Taxes.

 

(c)  
Reimbursement by Lenders. To the extent that the Loan Parties for any reason fail to indefeasibly pay any amount
required under subsection (a) or (b) of this Section to be paid by them to the Administrative Agent (or any sub-agent thereof) or any
Related Party thereof, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party,
as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed

 

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expense
or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including
any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lenders’
Applicable Percentages (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided,
further, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was
incurred by or asserted against the Administrative Agent (or any such sub-agent), or against any Related Party thereof acting for the
Administrative Agent (or any such sub-agent) in connection with such capacity. The obligations of the Lenders under this subsection (c)
are subject to the provisions of Section 2.09(b).

 

(d)  
Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, no Party shall assert, and
each Party hereby waives, and acknowledges that no other Person shall have, any claim against any Indemnified 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, any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnified Party referred to in subsection (a) above
shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it
through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents
or the transactions contemplated hereby or thereby.

 

(e)  
Payments. All amounts due under this Section shall be payable not later than ten Business Days after demand therefor.

 

SECTION
10.5 Survival. The obligations of the Borrower under Section 4.1, Section 4.2, Section 4.3 and Section
10.4, shall in each case survive any assignment by any Lender and the occurrence of the Termination Date. The representations and
warranties made by the Borrower in each Loan Document shall survive the execution and delivery of such Loan Document. The agreements in
this Section and the indemnity provisions of Section 10.2(b) shall survive the resignation of the Administrative Agent, the replacement
of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. All representations
and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith
or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied
upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on
their behalf and notwithstanding that Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of
any borrowing, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or
unsatisfied.

 

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SECTION
10.6 Severability. Any provision of any Loan Document or the other Loan Documents which is prohibited or unenforceable in
any jurisdiction shall, as to such provision and such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability
without invalidating the remaining provisions of such Loan Document or other Loan Document affecting the validity or enforceability of
such provision in any other jurisdiction.

 

SECTION
10.7 Headings. The various headings of each Loan Document and each other Loan Document are inserted for convenience only
and shall not affect the meaning or interpretation of such Loan Document such Loan Document or any provisions thereof.

 

SECTION
10.8 Execution in Counterparts, Effectiveness, Etc.. This Agreement may be executed by the Parties in several counterparts,
each of which shall be an original and all of which shall constitute together but one and the same agreement. This Agreement shall become
effective when counterparts hereof executed on behalf of the Borrower and the Lenders, shall have been received by the Lenders. Delivery
of an executed counterpart of a signature page to this Agreement by email (in “pdf,” “tiff” or similar format)
or telecopy shall be effective as delivery of a manually executed counterpart of this Agreement.

 

SECTION
10.9 Governing Law; Entire Agreement. EACH LOAN DOCUMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE
OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW
YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK) WITHOUT REGARD TO
ANY CHOICE OR CONFLICT OF LAWS PROVISIONS OR RULES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION. The Loan
Documents constitute the entire understanding among the Parties with respect to the subject matter thereof and supersede any prior agreements,
understandings or representations, written or oral, with respect thereto.

 

SECTION
10.10 Successors and Assigns.

 

(a)              
Successors and Assigns Generally. The provisions of this Agreement and the other Credit Documents shall be binding
upon and inure to the benefit of the Parties hereto and thereto and their respective successors and assigns permitted hereby, except that
the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder or thereunder without the prior written consent
of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder
except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance
with the provisions of subsection (d) of this Section or (iii) by way of pledge or assignment of a

 

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security
interest subject to the restrictions of subsection (e) of this Section (and any other attempted assignment or transfer by any party hereto
shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, the Related
Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this
Agreement. No assignment or transfer of any Commitment or Loan shall be effective until receipt and acceptance into the Register by the
Administrative Agent of a fully executed Assignment and Assumption effecting the assignment or transfer thereof, together with the required
forms and certificates regarding tax matters and any fees payable in connection with such assignment, in each case, as provided in Section
10.10(b)(iv). The date of such assignment shall be referred to herein as the “Assignment Effective Date.”

 

(b)              
Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights
and obligations under this Agreement and the other Credit Documents (including all or a portion of its Commitment and the Loans at the
time owing to it); provided that any such assignment shall be subject to the following conditions:

 

(i)                
Minimum Amounts.

 

A.       in
the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and/or the Loans at the time owing
to it or contemporaneous assignments to related Approved Funds that equal at least the amount specified in paragraph (b)(i)(B) of this
Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount
need be assigned; and

 

B.       in
any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes
Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans of
the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment
is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade
Date, shall not be less than $1,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and is
continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed);

 

(ii)             
Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all of the
assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned;

 

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(iii)           
Required Consents. No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B)
of this Section and, in addition, the consent of the Required Lenders (such consent not to be unreasonably withheld or delayed) shall
be required for assignments to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund.

 

(iv)            
Assignment and Assumption. Assignments and assumptions of Loans and Commitments by Lenders shall be effected by execution
and delivery to the Administrative Agent of an Assignment and Assumption. Assignments made pursuant to the foregoing provision shall be
effective as of the Assignment Effective Date, subject to acceptance and recording thereof in the Register by the Administrative Agent
pursuant to Section 10.10(c). In connection with all assignments there shall be delivered to the Administrative Agent such forms,
certificates or other evidence, if any, with respect to United States federal income tax withholding matters as the assignee under such
Assignment and Assumption may be required to deliver pursuant to Section 4.3, together with payment to the Administrative Agent
of a registration and processing fee of $3,500, which may be waived or reduced at the sole discretion of the Administrative Agent.

 

(v)              
No Assignment to Certain Persons. No such assignment shall be made to a Loan Party or any Affiliate or Subsidiary
of a Loan Party, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons (other than to the
Lenders on the date hereof and their respective Affiliates).

 

(vi)            
Effectiveness. Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c)
of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party
to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a
Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and
Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the
assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue
to be entitled to the benefits of Sections 4.3 and 10.4 with respect to facts and circumstances occurring prior to the effective
date of such assignment. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment
or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes
of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this
Section.

 

(c)              
Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower (and such agency being
solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered
to it (or the equivalent thereof in electronic form) and a register for the recordation of the

 

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names
and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent
manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register
pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection
by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

(d)              
Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights
under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 

SECTION
10.11 Other Transactions. Nothing contained herein shall preclude any Lender or any of its Affiliates from engaging in any
transaction, in addition to those contemplated by the Loan Documents, with the Borrower or any of its Affiliates in which the Borrower
or such Affiliate is not restricted hereby from engaging with any other Person.

 

SECTION
10.12 Forum Selection and Consent to Jurisdiction. ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION
WITH, ANY LOAN DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE ADMINISTRATIVE
AGENT, ANY LENDER OR THE BORROWER IN CONNECTION HEREWITH OR THEREWITH SHALL BE BROUGHT AND MAINTAINED IN THE COURTS OF THE BOROUGH OF
MANHATTAN IN THE CITY OF NEW YORK IN THE STATE OF NEW YORK OR IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK;
PROVIDED THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT THE ADMINISTRATIVE AGENT’S
OR THE LENDERS’ OPTION, IN THE COURTS OF ANY JURISDICTION WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. THE BORROWER IRREVOCABLY
CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK
AT THE ADDRESS FOR NOTICES SPECIFIED IN SECTION 10.2. THE BORROWER HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY HAVE OR HEREAFTER MAY HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH
COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT THE BORROWER
HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE,
ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, THE BORROWER HEREBY
IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THE LOAN DOCUMENTS.

 

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SECTION
10.13 Waiver of Jury Trial. THE ADMINISTRATIVE AGENT, THE LENDERS AND THE BORROWER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY
WAIVE TO THE FULLEST EXTENT PERMITTED BY LAW ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR
ARISING OUT OF, UNDER, OR IN CONNECTION WITH, EACH LOAN DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL
OR WRITTEN) OR ACTIONS OF THE ADMINISTRATIVE AGENT, ANY LENDER OR THE BORROWER IN CONNECTION THEREWITH. THE BORROWER ACKNOWLEDGES AND
AGREES THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION (AND EACH OTHER PROVISION OF EACH OTHER LOAN DOCUMENT
TO WHICH IT IS A PARTY) AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE ADMINISTRATIVE AGENT AND THE LENDERS ENTERING INTO THE
LOAN DOCUMENTS.

 

SECTION
10.14 Confidential Information. Subject to the provisions of Section 10.15, at all times prior to the Termination
Date, the Receiving Party shall keep confidential and shall not publish or otherwise disclose any Confidential Information furnished to
it by the Disclosing Party, except to those of the Receiving Party’s employees, advisors or consultants who have a need to know
such information to assist such Party in the performance of such Party’s obligations or in the exercise of such Party’s rights
hereunder and who are subject to reasonable obligations of confidentiality consistent with this Section 10.14 (collectively, “Recipients”).
Notwithstanding anything to the contrary set forth herein, (a) any Lender may disclose any Confidential Information to (i) its Affiliates,
(ii) potential and actual assignees of any of such Lender’s rights hereunder and (iii) potential and actual investors in, or lenders
to, such Lender (including, in each case of the foregoing cases, such Person’s employees, advisors or consultants); provided
that in each case, unless an Event of Default has occurred and is continuing, each such Recipient shall be subject to reasonable obligations
of confidentiality; and (b) upon receiving consent from the Lenders, which consent shall not be unreasonably withheld, delayed or conditioned,
the Borrower may disclose any Confidential Information, to potential or actual permitted acquirers or assignees, collaborators and other
licensees or sub-licensees, permitted subcontractors, investment bankers, investors, lenders (including, in each of the foregoing cases,
such Person’s employees, advisors or consultants who have a need to receive and review such information); provided that in each
case, each such Recipient shall be subject to reasonable obligations of confidentiality. In addition to the foregoing, the Receiving Party
may disclose Confidential Information belonging to the Disclosing Party to the extent (and only to the extent) such disclosure is reasonably
necessary in order to comply with applicable Laws (including any securities law or regulation or the rules of a securities exchange) and
with judicial process, if in the reasonable opinion of the Receiving Party’s counsel, such disclosure is necessary for such compliance,
provided that the Receiving Party (x) will only disclose those portions of the Confidential Information that are necessary or required
to be so disclosed, and (y) to the extent legally permissible, will notify the Disclosing Party of the Receiving Party’s intent
to make any disclosure pursuant thereto sufficiently prior to making such disclosure so as to allow the Disclosing Party time to take
whatever action it may deem appropriate to protect the confidentiality of the information to be disclosed.

 

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SECTION
10.15 Exceptions to Confidentiality. The Receiving Party’s obligations set forth in this Agreement shall not extend
to any Confidential Information of the Disclosing Party:

 

(a)              
that is or hereafter becomes part of the public domain (other than as a result of a disclosure by the Receiving Party or
its Recipients in violation of this Agreement);

 

(b)              
that is received from a Third Party without restriction on disclosure and without, to the knowledge of the Receiving Party,
breach of any agreement between such Third Party and the Disclosing Party;

 

(c)              
that the Receiving Party can demonstrate by competent evidence was already in its possession without any limitation on disclosure
prior to its receipt from the Disclosing Party;

 

(d)              
that is generally made available to Third Parties by the Disclosing Party without restriction on disclosure;

 

(e)              
that the Receiving Party can demonstrate by competent evidence was independently developed by the Receiving Party without
use of or reference to the Confidential Information; or

 

(f)               
that is disclosed to any of the Lenders or any of their Affiliates, agents or representatives in violation of Section
7.14.

 

SECTION
10.16 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender or Administrative Agent to exercise, and no
delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate
as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or
further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein
provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges
provided by law.

 

Notwithstanding anything to
the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other
Credit Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection
with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Section 11.1
for the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent
from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder
and under the other Credit Documents, (b) any Lender from exercising setoff rights in accordance with Section 4.5 (subject to the
terms of

 

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Section 4.4(e)), or
(c) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative
to any Loan Party under any Debtor Relief Law or any proceedings arising out of or in connection with an Insolvency Event; and provided,
further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Credit Documents,
then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 11.1 and
(ii) in addition to the matters set forth in clauses (b) and (c) of the preceding proviso and subject to Section 4.4(e), any Lender
may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders.

 

SECTION
10.17 Payments Set Aside. To the extent that any payment by or on behalf of any Loan Party is made to the Administrative
Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such
setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant
to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver, receiver,
manager, monitor or any other party, in connection with any proceeding under any Debtor Relief Law, any proceedings arising out of or
in connection with an Insolvency Event or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally
intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had
not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication)
of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the
date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders
under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement.

 

SECTION
10.18 Electronic Execution of Assignments and Certain Other Documents. The words “execute,” “execution,”
“signed,” “signature” and words of like import in any Assignment and Assumption or in any amendment or other modification
hereof (including waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms
and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each
of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping
system, as the case may be, to the extent and as provided for in any applicable Law, including the Federal Electronic Signatures in Global
and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform
Electronic Transactions Act.

 

SECTION
10.19 Acknowledgement and Consent to Bail-In 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 (including any party becoming
a party hereto by virtue of an Assignment Agreement) acknowledges that any liability of any EEA Financial Institution arising under any
Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution
Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

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(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 undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments
of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document;
and

 

(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.

 

(c)               
In addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a
Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause
(a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants,
from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of,
the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of Borrower or any other Loan Party, that Administrative
Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration
of and performance of the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights
by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto).

 

SECTION
10.20 Acknowledgement Regarding Any Supported QFCs.

 

To the extent that the Loan
Documents provide support, through a guarantee or otherwise, for Hedging Obligations or any other agreement or instrument that is a QFC
(such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge
and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance
Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder,
the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions
below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the
State of New York and/or of the United States or any other state of the United States):

 

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In the event a Covered Entity
that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution
Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such
Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such
Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the
Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the
United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject
to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported
QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than
such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed
by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that
rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect
to a Supported QFC or any QFC Credit Support.

 

SECTION
10.21 No Novation. This Agreement constitutes an amendment and restatement of the Existing Credit Agreement and does not
extinguish the obligations for the payment of money outstanding under the Existing Credit Agreement or discharge or release the Obligations
outstanding under, and as defined in, the Existing Credit Agreement or the Lien or priority of any mortgage, pledge, security agreement
or any other security therefor. Nothing herein contained shall be construed as a substitution or novation of the Obligations outstanding
under, and as defined in, the Existing Credit Agreement or instruments securing the same, which shall remain in full force and effect,
except as modified hereby or by instruments or documents executed concurrently herewith. Nothing expressed or implied in this Agreement
shall be construed as a release or other discharge of any Loan Party under the Existing Credit Agreement or any of the other Loan Documents
from any of its obligations and liabilities as a “Borrower” or “Guarantor” thereunder. Each party hereto hereby
(a) confirms and agrees that each Loan Document to which it is a party is, and shall continue to be, in full force and effect, as modified
by this amendment and restatement and instruments or documents executed concurrently herewith, and is hereby ratified and confirmed in
all respects except that on and after the Amendment and Restatement Closing Date all references in any such Loan Document to (i) “the
Credit Agreement,” “thereto,” “thereof,” “thereunder” or words of like import referring to the
Existing Credit Agreement shall mean the Existing Credit Agreement as amended and restated by this Agreement and (ii) the “Borrower”
shall continue to refer to Acutus Medical, Inc. and (b) confirms and agrees that to the extent that any such Loan Document purports to
assign or pledge to the Administrative Agent a security interest in or Lien on, any collateral as security for the obligations of the
Borrower from time to time existing in respect of the Existing Credit Agreement and the other Loan Documents, such pledge, assignment
and/or grant of the security interest or Lien is hereby ratified and confirmed in all respects.

 

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SECTION
10.22 Independent Nature of Lenders. The obligations of each Lender under the Loan Documents are several and not joint with
the obligations of any other Lender, and no Lender shall be responsible in any way for the performance of the obligations of any other
Lender under the Loan Documents. Each Lender shall be responsible only for its own representations, warranties, agreements and covenants
under the Loan Documents. The decision of each Lender to acquire the Securities pursuant to the Loan Documents has been made by such Lender
independently of any other Lender and independently of any information, materials, statements or opinions as to the business, affairs,
operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Borrower or
any of its Subsidiaries that may have been made or given by any other Lender or by any agent, attorney, advisor, representative or employee
of any other Lender, and no Lender or any of its agents, attorneys, advisors, representatives or employees shall have any liability to
any other Lender (or any other Person) relating to or arising from any such information, materials, statements or opinions. Nothing contained
in the Loan Documents, and no action taken by any Lender pursuant hereto or thereto (including a Lender’s acquisition of Obligations,
Notes, Lender Warrants or any other Securities at the same time as any other Lender), shall be deemed to constitute the Lenders as, and
each of the Loan Parties acknowledges and agrees that the Lenders do not thereby constitute, a partnership, an association, a joint venture
or any other kind of entity, or create a presumption that the Lenders are in any way acting in concert or as a group with respect to such
Obligations or the transactions contemplated by any of the Loan Documents, and none of the Loan Parties shall assert any contrary position.

 

SECTION
10.23 No Fiduciary Relationship. Each of the Loan Parties acknowledges and agrees that (a) the Administrative Agent
and each Lender is acting at arm’s length from the Loan Parties with respect to this Agreement and the other Loan Documents and
the transactions contemplated hereby and thereby; (b) neither the Administrative Agent nor any Lender will, by virtue of this Agreement
or any of the other Loan Documents or any transaction contemplated hereby or thereby, be (nor, to the Loan Parties’ knowledge, otherwise
is) an Affiliate of, or have any agency, tenancy or joint venture relationship with, any Loan Party; (c) neither the Administrative Agent
nor any Lender has acted, or is or will be acting, as a financial advisor to, or fiduciary (or in any similar capacity) of, or has any
fiduciary or similar duty to, any Loan Party with respect to, or in connection with, this Agreement and the other Loan Documents and the
transactions contemplated hereby and thereby, and each of the Loan Parties agrees not to assert, and hereby waives, to the fullest extent
permitted under applicable Law, any claim that the Administrative Agent or any Lender has any fiduciary duty to such Loan Party; (d) any
advice given by the Administrative Agent or a Lender or any of its representatives or agents in connection with this Agreement and the
other Loan Documents and the transactions contemplated hereby and thereby is merely incidental to such Lender’s performance of its
obligations hereunder and thereunder (including, in the case of each of the Lenders, its acquisition of the Securities); and (e) the Loan
Parties’ decision to enter into the Loan Documents has been based solely on the independent evaluation by the Loan Parties and their
representatives.

 

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ARTICLE
XI

ADMINISTRATIVE AGENT

 

SECTION
11.1 Appointment and Authority.

 

(a)              
Each of the Lenders hereby irrevocably appoints Wilmington Trust to act on its behalf as the Administrative Agent hereunder
and under the other Credit Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers
as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are incidental thereto.
The provisions of this Article are solely for the benefit of the Administrative Agent and the Lenders, and neither the Borrower nor any
other Loan Party shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of
the term “agent” herein or in any other Credit Documents (or any other similar term) with reference to the Administrative
Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable
Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship
between contracting parties.

 

(b)              
The Administrative Agent shall also act as the “collateral agent” under the Credit Documents, and each of the
Lenders hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender for purposes of acquiring,
holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with
such powers and discretion as are incidental thereto. In this connection, the Administrative Agent, as “collateral agent”
(and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 11.5 for purposes
of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Agreement, or for exercising any
rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of Article
X (including Section 10.4(c)), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent”
under the Credit Documents) and this Article XI as if set forth in full herein with respect thereto.

 

SECTION
11.2 Rights as a Lender. A Person serving as an 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 an Administrative Agent and the term “Lender”
or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving
as an Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to,
own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with
any Loan Party or any Affiliate thereof as if such Person were not an Administrative Agent hereunder and without any duty to account therefor
to the Lenders.

 

SECTION
11.3 Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those expressly set
forth herein and in the other Credit Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality
of the foregoing, Administrative Agent:

 

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(a)              
shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has occurred
and is continuing;

 

(b)              
shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights
and powers expressly contemplated hereby or by the other Credit Documents that the Administrative Agent is required to exercise or as
directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein
or in the other Credit Documents); provided that the Administrative Agent shall not be required to take any action or to exercise
any of the rights or powers vested in it by this Agreement at the request or direction of the Lenders, pursuant to the provisions of this
Agreement, unless such Lenders shall have offered to the Administrative Agent security or indemnity (satisfactory to the Administrative
Agent in its sole and absolute discretion) against the costs, expenses and liabilities which may be incurred by it in compliance with
such request or direction, or that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or
that is contrary to any Credit Document or applicable Law, including for the avoidance of doubt any action that may be in violation of
the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting
Lender in violation of any Debtor Relief Law; and

 

(c)              
shall, except as expressly set forth herein and in the other Credit Documents, have any duty to disclose, and shall not
be liable for the failure to disclose, any information relating to any Loan Party or any of its Affiliates that is communicated to or
obtained by the Person serving as an 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 (i) with the consent or at the request of the Required Lenders or (ii) in
the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable
judgment. Subject to the proviso in Section 11.3(b), to the extent the Administrative Agent is permitted to take any discretionary
action hereunder or under any Credit Document, it shall take such action if instructed in writing to do so by the Required Lenders. Administrative
Agent shall not be deemed to have knowledge of any Default or Event of Default unless and until notice describing such Default or Event
of Default is given in writing to Administrative Agent by the Borrower, or a Lender.

 

The Administrative Agent
shall have the right to request instructions from the Required Lenders or, as required, each of the Lenders. If the Administrative Agent
shall request instructions from the Required Lenders or each of the Lenders (or such other number or percentage of the Lenders as shall
be necessary, or as the Administrative Agent shall believe in good faith shall be necessary under the circumstances), as the case may
be, with respect to any act or action (including the failure to act) in connection with this Agreement or any other Credit Document, the
Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall
have received instructions from the Required Lenders or such other number or percentage of the Lenders, as the case may be, and the Administrative
Agent shall not incur liability to any Person by reason of so refraining.

 

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The Administrative Agent
shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in
connection with this Agreement or any other Credit Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements
or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Credit Document or any other agreement, instrument or document or (v) the satisfaction
of any condition set forth in Article V or elsewhere herein, other than to confirm receipt of items expressly required to be delivered
to the Administrative Agent.

 

The Administrative Agent
(i) shall neither be responsible for, nor chargeable with knowledge of, the terms and conditions of any other agreement, instrument or
document or than this Agreement and the other Credit Documents, whether or not an original or a copy of such agreement, instrument or
document has been provided to the Administrative Agent and (ii) shall have no duty to know or inquire as to the performance of any provision
of any other agreement, instrument or document other than this Agreement and the other Credit Documents.

 

The Administrative Agent
shall have no liability for any action taken, or errors in judgment made, in good faith by it or any of its officers, employees or agents,
unless it shall have been negligent in ascertaining the pertinent facts. The permissive rights of the Administrative Agent to do things
enumerated in this Agreement shall not be construed as a duty and, with respect to such permissive rights, the Administrative Agent shall
not be answerable in respect thereof other than for its gross negligence or willful misconduct. Nothing in this Agreement shall require
the Administrative Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties
or in the exercise of any of its rights or powers hereunder.

 

Neither the Administrative
Agent nor any of its directors, officers, employees, agents or affiliates shall be responsible for nor have any duty to monitor the performance
or any action of any Loan Party, or any of their directors, members, officers, agents, affiliates or employee, nor shall it have any liability
in connection with the malfeasance or nonfeasance by such party. The Administrative Agent may assume performance by all such Persons of
their respective obligations. The Administrative Agent shall have no enforcement or notification obligations relating to breaches of representations
or warranties of any other Person.

 

The Administrative Agent
shall not be responsible or liable for any failure or delay in the performance of its obligations under this Agreement arising out of
or caused, directly or indirectly, by circumstances beyond its control, including without limitation, any act or provision of any present
or future law or regulation or governmental authority; acts of God; earthquakes; fires; floods; wars; terrorism; civil or military disturbances;
sabotage; epidemics; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications service;
accidents; labor disputes; acts of civil or military authority or governmental actions; or the unavailability of the Federal Reserve Bank
wire or telex or other wire or communication facility.

 

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SECTION
11.4 Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur
any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including
any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed,
sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by
telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining
compliance with any condition hereunder to the making of a Loan, that by its terms must be fulfilled to the satisfaction of a Lender,
the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received
notice to the contrary from such Lender prior to the making of such Loan. The Administrative Agent may consult with legal counsel (who
may be counsel for the Loan Parties), 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.

 

SECTION
11.5 Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers
hereunder or under any other Credit Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative
Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related
Parties. The rights, benefits and privileges (including the exculpatory and indemnification provisions) of Article X and this Article
XI 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
the Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except
to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted
with gross negligence or willful misconduct in the selection of such sub-agents. Notwithstanding anything herein to the contrary, with
respect to each sub-agent appointed by the Administrative Agent, (i) such sub-agent shall be a third party beneficiary under this Agreement
with respect to all such rights, benefits and privileges (including exculpatory rights and rights to indemnification) and shall have all
of the rights and benefits of a third party beneficiary, including an independent right of action to enforce such rights, benefits and
privileges (including exculpatory rights and rights to indemnification) directly, without the consent or joinder of any other Person,
against any or all of the Loan Parties and the Lenders, (ii) any modification to such rights, benefits and privileges (including exculpatory
rights and rights to indemnification) shall not be effective as against such sub-agent without its written consent thereto, and (iii)
such sub-agent shall only have obligations to the Administrative Agent and not to any Loan Party, Lender or any other Person and no Loan
Party, Lender or any other Person shall have any rights, directly or indirectly, as a third party beneficiary or otherwise, against such
subagent.

 

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SECTION
11.6 Resignation or Removal of the Administrative Agent. The Administrative Agent may resign as Administrative Agent at
any time by giving thirty (30) days advance notice thereof to the Lenders and the Borrower and, thereafter, the retiring Administrative
Agent shall be discharged from its duties and obligations hereunder. Upon any such resignation, the Required Lenders shall have the right
to appoint a successor Administrative Agent. No less than thirty (30) days’ following the delivery of such written notice, the Required
Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United
States, or an Affiliate of any such bank with an office in the United States, with whom the Lenders shall be dealing on an arm’s
length basis. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor
Administrative Agent shall thereupon succeed to and become vested with all rights, powers, privileges and duties of the retiring Administrative
Agent. After any retiring Administrative Agent’s resignation hereunder as administrative agent or upon a removal of an Administrative
Agent, the provisions of this Section 11.6 shall continue in effect for its benefit in respect of any actions taken or omitted
to be taken by it while it was acting as Administrative Agent. If no successor has accepted appointment as Administrative Agent by the
date which is thirty (30) days following a retiring Administrative Agent’s notice of resignation or removal, the retiring Administrative
Agent’s resignation or removal shall nevertheless thereupon become effective and the Required Lenders shall perform all of the duties
of such Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided
for above. Any corporation or association into which Wilmington Trust may be converted or merged, or with which it may be consolidated,
or to which it may sell or transfer all or substantially all of its corporate trust business and assets as a whole or substantially as
a whole, or any corporation or association resulting from any such conversion, sale, merger, consolidation or transfer to which Wilmington
Trust is a party, will be and become the successor to Wilmington Trust as Administrative Agent under this Agreement and the other Credit
Documents and will and succeed to the same rights, powers, duties immunities and privileges as its predecessor, without the execution
or filing of any instrument or document or the performance of any further act.

 

SECTION
11.7 Non-Reliance on the Administrative Agent and Other Lenders. Each Lender acknowledges that it has, independently and
without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information
as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that
it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based
on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not
taking action under or based upon this Agreement, any other Credit Document or any related agreement or any document furnished hereunder
or thereunder.

 

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SECTION
11.8 Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, the Administrative
Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise
and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention
in such proceeding or otherwise:

 

(a)              
to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the
claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances
of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative
Agent under Section 10.4) allowed in such judicial proceeding; and

 

(b)              
to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

 

and any custodian, receiver, receiver-manager,
monitor, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by
each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making
of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses,
disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent
under Section 10.4.

 

Nothing contained herein
shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of
reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative
Agent to vote in respect of the claim of any Lender in any such proceeding.

 

SECTION
11.9 Collateral and Guarantee Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in
its discretion,

 

(a)              
to release any Lien on any Collateral granted to or held by the Administrative Agent under any Credit Document (i) upon
payment in full of all Obligations, (ii) that is sold or otherwise disposed of to a Person that is not a Loan Party as part of or in connection
with any sale or other Disposition permitted hereunder and under the other Credit Document or any Casualty Event, or (iii) as approved
in accordance with Section 10.1; and

 

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(b)              
to release any Guarantor from its obligations under the Guarantee if such Person ceases to be a Subsidiary as a result of
a transaction permitted under the Credit Documents.

 

Upon request by the Administrative
Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release its interest in
particular types or items of property, or to release any Guarantor from its obligations under the Guarantee, pursuant to this Section
11.9.

 

The Administrative Agent
shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value
or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate
prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any
failure to monitor or maintain any portion of the Collateral.

 

In the event that any Collateral
shall be attached, garnished or levied upon by any court order, or the delivery thereof shall be stayed or enjoined by an order of a court,
or any order, judgment or decree shall be made or entered by any court order affecting the Collateral, the Administrative Agent is hereby
expressly authorized, in its sole discretion, to respond as it deems appropriate or to comply with all writs, orders or decrees so entered
or issued, or which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction. In the
event that the Administrative Agent obeys or complies with any such writ, order or decree it shall not be liable to any of the Parties
or to any other person, firm or corporation, should, by reason of such compliance notwithstanding, such writ, order or decree be subsequently
reversed, modified, annulled, set aside or vacated.

 

The Administrative Agent
shall have no obligation to give, execute, deliver, file, record, authorize or obtain any financing statements, notices, instruments,
documents, agreements, consents or other papers as shall be necessary to (i) create, preserve, perfect or validate any security interest
granted to the Administrative Agent pursuant to the Credit Documents or (ii) enable the Administrative Agent to exercise and enforce its
rights under the Credit Documents with respect to any such pledge and security interest. The Administrative Agent shall not be responsible
for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the
Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate prepared by any
Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor
or maintain any portion of the Collateral.

 

SECTION
11.10 Joinder of New Lender. Deerfield Partners, L.P. (the “New Lender”) (i) represents and warrants
that it is sophisticated with respect to decisions to make and maintain the Amendment and Restatement Term Loans under this Agreement
made and maintained by it hereunder and it is experienced in acquiring assets of such type, (ii) irrevocably appoints and authorizes the
Administrative Agent to act as Administrative Agent on its behalf in accordance with Section 11.1 and the other terms of this Agreement
and the other the Credit Documents, (iii) shall perform in accordance with their terms all obligations that, by the terms of the Credit

 

    -94- 

     

    

Documents,
are required to be performed by it as a Lender, (iv) confirms it has received such documents and information as it has deemed appropriate
to make its own credit analysis and decision to enter into this Agreement and shall continue to make its own credit decisions in taking
or not taking any action under any Credit Document independently and without reliance upon the Administrative Agent or any other Lender
and based on such documents and information as it shall deem appropriate at the time and (v) has informed the Administrative Agent of
its applicable lending offices (and addresses for notices). The parties hereto acknowledge and agree that, upon the satisfaction of the
conditions set forth in Article V hereof, the New Lender shall hereinafter be a party to the Credit Agreement and the other Credit
Documents as a Lender and shall have the rights and obligations of a Lender hereunder and thereunder.

 

[Signature Page Follows]

 

    -95- 

     

    

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

 

	 	
    ACUTUS MEDICAL, INC.,

    

    as the Borrower

     

	 	
	 	By:  /s/ David Roman                                
	 	Name: David Roman
	 	Title:   Chief Financiall Officer

 

 

 

Signature
Page to Credit Agreement

 

     

     

    

	 	WILMINGTON TRUST, NATIONAL 

ASSOCIATION, as the Administrative Agent
	 	
	 	By:  /s/ Marie Nicolosi                           
	 	Name: Marie Nicolosi
	 	Title:   Assistant Vice President
	 	 

 

 

Signature Page to Credit Agreement

 

     

     

    

	 	Deerfield partners, l.p.
	 	 
	 	
    By: Deerfield Mgmt, L.P., its General Partner

    By: J.E. Flynn Capital, LLC, its General Partner

     

	 	By:   /s/ David J. Clark                            
	 	Name: David J. Clark
	 	Title: Authorized Signatory

 

 

	 	Deerfield Private Design Fund III, L.P.
	 	 
	 	
    By: Deerfield Mgmt, L.P., its General Partner

    By: J.E. Flynn Capital, LLC, its General Partner

     

	 	 
	 	By:   /s/ David J. Clark                            
	 	Name: David J. Clark
	 	Title: Authorized Signatory

 

 

Signature Page to Credit Agreement

 

     

     

    

Schedule 2.1

 

COMMITMENTS AND APPLICABLE PERCENTAGES

 

Commitment Amount as of the Amendment and Restatement
Closing Date: 

 

	Lender	Commitment Amount	Applicable Percentage
	DEERFIELD PARTNERS, L.P.	$17,500,000	  50%
	Deerfield Private Design Fund III, L.P.	$17,500,000	  50%
	Total	$35,000,000	100%

 

 

 

     

     

    

 

EXHIBIT A

 

FORM OF PROMISSORY NOTE

 

$35,000,000May 20, 2019

 

FOR VALUE RECEIVED, ACUTUS MEDICAL, INC., a Delaware
corporation (the “Borrower”), hereby promises to pay to the order of [ORBIMED ROYALTY OPPORTUNITIES II, LP]/[DEERFIELD
PRIVATE DESIGN FUND III, L.P.], a [Delaware limited partnership] (together with its successors, transferees and assignees, the “Lender”),
on the Maturity Date, the principal sum of TWENTY MILLION DOLLARS ($20,000,000) or, if the First Delayed Draw Loan is made to the Borrower,
TWENTY FIVE MILLION DOLLARS ($25,000,000) or, if the Second Delayed Draw Loan is made to the Borrower, THIRTY FIVE MILLION DOLLARS ($35,000,000),
in any case if less, the aggregate unpaid principal amount of the Loans (and any continuation thereof) made (or continued) by the Lender
pursuant to the Credit Agreement, dated as of May 20, 2019 (as amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”), by and among the Borrower, certain Lenders party thereto, OrbiMed Royalty Opportunities II, LP, as Origination
Agent, and Wilmington Trust, National Association, as Administrative Agent. Unless otherwise defined herein or the context otherwise requires,
terms used in this Note have the meanings provided in the Credit Agreement.

 

The Borrower also promises to pay interest on the
unpaid principal amount hereof from time to time outstanding from the date hereof until maturity (whether by acceleration or otherwise)
and, after maturity upon demand, until paid in full, at the rates per annum and on the dates specified in the Credit Agreement, as well
as any other amounts that may be due to the Lender upon maturity (whether by acceleration or otherwise) under or in respect of this Note.

 

Payments of both principal and interest are to be
made in U.S. Dollars in same day or immediately available funds to the account designated by the Lender pursuant to the Credit Agreement.

 

This Note is referred to in, and evidences Indebtedness
incurred under, the Credit Agreement, to which reference is made for a description of the security and guarantee for this Note and for
a statement of the terms and conditions on which the Borrower is permitted and required to make prepayments and repayments of the unpaid
principal amount of the Indebtedness evidenced by this Note and on which such Indebtedness may be declared to be immediately due and payable.
Any prepaid principal of this Note may not be reborrowed.

 

All parties hereto, whether as makers, endorsers
or otherwise, severally waive presentment for payment, demand, protest and notice of dishonor.

 

THIS NOTE HAS BEEN DELIVERED IN NEW YORK, NEW
YORK, AND SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE
OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).

 

[ Signature Page Follows ]

 

 

A-1

     

     

    

 

 

	 	
    ACUTUS MEDICAL, INC.

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

Signature Page to Promissory Note

 

 

     

     

    

 

EXHIBIT B

 

FORM OF LOAN REQUEST

 

[DATE]

 

Wilmington Trust, N.A.

50 South Sixth Street, Ste. 1290

Minneapolis, MN 55402

Attn: Jamie Roseberg

 

Ladies and Gentlemen:

 

Reference is hereby made to that certain Credit Agreement,
dated as of May 20, 2019 (as amended, supplemented or otherwise modified from time to time and in effect on the date hereof, the “Credit
Agreement”), by and among ACUTUS MEDICAL, INC., a Delaware corporation (the “Borrower”), the Lenders party
thereto, and ORBIMED ROYALTY OPPORTUNITIES II, LP, a Delaware limited partnership, as Origination Agent, and Wilmington Trust, National
Association, as administrative agent (together with its, successors, transferees and assignees, the “Administrative Agent”).

 

Unless otherwise defined herein or the context otherwise
requires, terms used herein have the meanings provided in the Credit Agreement.

 

Pursuant to the provisions of Section 2.2 of the
Credit Agreement, the Borrower hereby requests [an Initial ][the First Delayed Draw ][the Second Delayed Draw ]Loan of $[ ] to be made
on ___________ __, 20__ (the “Proposed Disbursement Date”), which Loan shall be evidenced by [that certain Promissory
Note dated as of May 20, 2019, issued to OrbiMed Royalty Opportunities II, LP in the aggregate original principal amount of $35,000,000.00][and
that certain Promissory Note dated as of May 20, 2019, issued to Deerfield Private Design Fund III, L.P., in the aggregate original principal
amount of $35,000,000.00][___________].

 

The Borrower hereby represents and warrants to
the Administrative Agent, for the benefit of the Secured Parties, that:

 

(a)              
the proceeds of the proposed Loan are to be used for the purposes set forth in Section 7.7 of the Credit Agreement;

 

(b)              
bank account details and wire transfer instructions for disbursement of the proceeds of the proposed Loan are set forth on Schedule
A hereto;

 

(c)              
no Default has occurred and is continuing or would result from the proposed Loan;

 

(d)              
all conditions required to be satisfied (or waived in writing by the Required Lenders), as set forth in Article V of the Credit
Agreement, as applicable, as of the Proposed Disbursement Date for the making of the Loan requested hereby have been, and are, fully satisfied
(or duly waived in writing by the Required Lenders); and

 

    B-1 

     

    

 

(e)              
the representations and warranties contained in Article VI of the Credit Agreement and in the other Loan Documents are true and
correct in all material respects (except with respect to any representation or warranty qualified by materiality or Material Adverse Effect,
each of which representation or warranty is true and correct in all respects), before and after giving effect to the making of the proposed
Loan and to the application of the proceeds thereof, as though made on and as of the date hereof, except to the extent that they relate
specifically to an earlier specified date (in which case they are true and correct in all material respects (except with respect to any
representation or warranty qualified by materiality or Material Adverse Effect, each of which representation or warranty is true and correct
in all respects) on and as of such earlier date).

 

The Borrower hereby irrevocably authorizes and
directs the Administrative Agent (or its sub-agent) to disburse the proceeds of the Loans requested hereby as set forth in Schedule
A hereto.

 

The Borrower hereby agrees that the payments made
in accordance with the wire transfer instructions set forth on Schedule A hereto are made for the administrative convenience of
the Borrower and that the legal effect thereof is the same as if the proceeds of the Loans requested hereby were transferred directly
to the Borrower by the Lenders and distributed by the Borrower.

 

The Borrower hereby acknowledges that the Administrative
Agent (or its sub-agent) shall wire the amounts set forth on Schedule A hereto strictly on the basis of the information set forth
on Schedule A hereto without making any investigation as to the accuracy thereof. In the event that any of such information is
incorrect, the Borrower agrees that the Lenders, the Origination Agent and the Administrative Agent (and its sub-agent) shall not have
any liability for any losses, costs, taxes, fees and expenses arising strictly therefrom.

 

The Borrower acknowledges that any amounts disbursed
by the Administrative Agent pursuant to the instructions set forth below are made entirely on behalf of the Borrower; the Lenders, the
Origination Agent and the Administrative Agent (or its sub-agent) will not be responsible for calculating taxes, reporting taxes or deducting
withholding taxes owing in respect of such disbursements; and the Borrower will indemnify the Lenders, the Origination Agent and the Administrative
Agent (and its sub-agent), pursuant to the Credit Agreement, for any withholding taxes owing on such disbursements.

 

The officer signing below is an Authorized Officer
of the Borrower and is authorized to request the Loan contemplated hereby and issue this Loan Request on behalf of the Borrower.

 

[ Signature Page Follows ]

 

    B-2 

     

    

 

	 	Very truly
yours,
	 	 
	 	 
	 	
    ACUTUS MEDICAL, INC.

    

    as the Borrower

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

 

[Signature Page to Loan Request]

 

     

     

    

Schedule A

 

Disbursement / Wire Instructions

 

 

 

 

 

     

     

    

 

EXHIBIT C

 

FORM OF COMPLIANCE CERTIFICATE

 

ACUTUS MEDICAL, INC.

 

COMPUTATION DATE: _____________ __, 20__

 

This Compliance Certificate (this “Certificate”)
is delivered pursuant to [Section 5.7][Section 7.1(d)] of the Credit Agreement, dated as of May 20, 2019 (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and between ACUTUS MEDICAL, INC., a Delaware corporation
(the “Borrower”), the Lenders party thereto, and ORBIMED ROYALTY OPPORTUNITIES II, LP, a Delaware limited partnership,
as Origination Agent, and Wilmington Trust, National Association, as administrative agent (together with its, successors, transferees
and assignees, the “Administrative Agent”). Unless otherwise defined herein or the context otherwise requires, terms
used in this Certificate have the meanings provided in the Credit Agreement.

 

This Certificate relates to the [calendar month][Fiscal
Quarter][Fiscal Year] commencing on ___________ __, 20__ and ending on ____________ __, 20__ (such latter date being the “Computation
Date”).

 

The undersigned is duly authorized to execute and
deliver this Certificate on behalf of the Borrower. By executing this Certificate, the undersigned hereby certifies to the Administrative
Agent and each Lender that as of the Computation Date:

 

(a)  
[Attached hereto as Annex I are: (i) unaudited reports of (A) the Revenue Base, the unit sales for each Product and the
net revenues for each Product, in each case for the calendar month ending on the Computation Date and for the period commencing at the
end of the previous Fiscal Year and ending with the end of such calendar month, and including in comparative form the figures for the
corresponding calendar month in, and the year-to-date portion of, the immediately preceding Fiscal Year, and (B) the Liquidity of the
Borrower at the end of such calendar month, and the Liquidity of the Borrower at the end of the corresponding calendar month in the preceding
Fiscal Year, in comparative form; and (ii) a report of the Headcount of the Borrower and its Subsidiaries at the end of such calendar
month, the Headcount at the end of the immediately preceding calendar month, a calculation showing the change in the Headcount, if any,
and a brief description of any material change in the Headcount; in each case of this clause (a) with supporting detail and certified
as complete and correct by the chief financial or accounting Authorized Officer of the Borrower (subject to normal year-end audit adjustments).]1

 

 

 

1
INCLUDE FOR MONTHLY FINANCIAL DELIVERABLES ONLY.

 

 

    C-1 

     

    

 

 

[Attached hereto as Annex I are
the unaudited consolidated balance sheet of Borrower and the Subsidiaries as of the end of such Fiscal Quarter and consolidated statements
of income and cash flow of the Borrower and the Subsidiaries for such Fiscal Quarter and for the period commencing at the end of the previous
Fiscal Year and ending with the end of such Fiscal Quarter, and including (in each case) in comparative form the figures for the corresponding
Fiscal Quarter in, and year-to-date portion of, the immediately preceding Fiscal Year, certified as complete and correct by the chief
financial or accounting Authorized Officer of the Borrower (subject to the absence of footnotes and normal year-end audit adjustments).]2

 

[Attached hereto as Annex I are
the consolidated balance sheet of Borrower and the Subsidiaries, and the related consolidated statements of income and cash flow of the
Borrower and the Subsidiaries for such Fiscal Year, setting forth in comparative form the figures for the immediately preceding Fiscal
Year, audited (without any Impermissible Qualification) by independent public accountants reasonably acceptable to the Required Lenders,
and stating that, in performing the examination necessary to deliver the audited financial statements of the Borrower, no knowledge was
obtained of any Event of Default.]3

 

(b)  
The financial statements delivered with this Certificate in accordance with Section 7.1(a), (b) or (c) of the Credit Agreement,
as applicable, fairly present in all material respects the financial condition of the Borrower and the Subsidiaries (subject to the absence
of footnotes and to normal year-end audit adjustments in the case of unaudited financial statements).

 

(c)  
[As of the Computation Date, the Borrower and the Subsidiaries are in compliance in all respects with the financial covenant set
forth in Section 8.4 of the Credit Agreement. Set forth on Attachment [1] hereto are calculations showing compliance with such
financial covenant as of the Computation Date.]4

 

(d)  
[No Default has occurred and is continuing[ except as set forth on Attachment [2] hereto, which includes a description of
the nature and period of existence of such Default and what action the Borrower or any of the Subsidiaries has taken, is taking or proposes
to take with respect thereto].]5

 

(e)  
[Subsequent to the date of the most recent Compliance Certificate submitted by the undersigned pursuant to Section 7.1(d) of the
Credit Agreement, neither the Borrower nor any Subsidiary has formed or acquired any new Subsidiary[ except as set forth on Attachment
[3] hereto, in which case such new Subsidiary has complied with the requirements of Section 7.8 of the Credit Agreement].]6

 

(f)   
[Subsequent to the date of the most recent Compliance Certificate submitted by the undersigned pursuant to Section 7.1(d) of the
Credit Agreement, neither the Borrower nor any Subsidiary has acquired any ownership interest in any real property[ except as set forth
on Attachment [4] hereto, in which case the Borrower has complied with the requirements of Section 7.8 of the Credit Agreement
with respect to such real property].]7

 

 

 

2 INCLUDE FOR QUARTERLY FINANCIAL DELIVERABLES ONLY.

3 INCLUDE FOR ANNUAL FINANCIAL DELIVERABLES ONLY.

4
INCLUDE FOR QUARTERLY AND ANNUAL FINANCIALS ONLY.

5
INCLUDE FOR QUARTERLY AND ANNUAL FINANCIALS ONLY.

6 INCLUDE FOR QUARTERLY AND ANNUAL FINANCIALS ONLY.

7 INCLUDE FOR QUARTERLY AND ANNUAL FINANCIALS ONLY.

 

    C-2 

     

    

 

 

(g)  
[Attached hereto as Attachment [5] is a report listing (i) all Material Agreements entered into during such Fiscal Quarter,
(ii) all existing Material Agreements amended or terminated during such Fiscal Quarter, (iii) all material Permits, including all material
Regulatory Authorizations, issued to the Borrower or any of the Subsidiaries during such Fiscal Quarter and (iv) all material notices
and registrations filed by the Borrower or any Subsidiary during such Fiscal Quarter in each jurisdiction in which the Borrower or any
of the Subsidiaries are required to obtain any Permit or Regulatory Authorization or to file any notice or registration, in order to design,
manufacture, store, label, sell, promote, import or distribute any Product.][8]

 

[ Signature Page Follows ]

 

    C-3 

     

    

IN WITNESS WHEREOF, the undersigned has caused
this Certificate to be executed and delivered, and the certification and warranties contained herein to be made, by its chief financial
or accounting Authorized Officer as of the date first above written.

 

 

 

	 	
    ACUTUS MEDICAL, INC.

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

Signature Page to Compliance Certificate

 

 

     

     

    

Annex I

 

 

 

     

     

    

[Attachment 1]

 

 

 

     

     

    

[Attachment 2]

 

 

 

     

     

    

[Attachment 3]

 

 

 

     

     

    

[Attachment 4]

 

 

 

     

     

    

[Attachment 5]

 

 

 

     

     

    

 

EXHIBIT
D

 

FORM
OF Guarantee

 

This Guarantee,
dated as of [•] (as amended, restated, supplemented or otherwise modified from time to time, this “Guarantee”),
is made by [Insert name of each applicable Subsidiary], a [Insert corporate entity type] (together with any additional Persons named pursuant
to Section 5.5 below, each a “Guarantor” and collectively the “Guarantors”), in favor of
the Secured Parties (as defined below).

 

W i t n e s s e t h:

 

Whereas,
pursuant to the Credit Agreement, dated as of May 20, 2019 (as amended, restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”), by and among the Borrower, the Lenders party thereto, and OrbiMed Royalty Opportunities II,
LP, a Delaware limited partnership, as Origination Agent, and Wilmington Trust, National Association, as administrative agent (together
with its, successors, transferees and assignees, the “Administrative Agent”), the Lenders have extended a Commitment
to make Loans to the Borrower; and

 

Whereas,
in order to induce the Lenders (as defined in the Credit Agreement) to make or continue to make, as the case may be, the Loans under the
Credit Agreement, the Guarantors are required to execute and deliver this Guarantee;

 

Now, therefore,
for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in order to induce the Lenders
to make the Loans to the Borrower, each Guarantor hereby agrees, for the benefit of the Secured Parties, as follows.

 

Article
I

Definitions

 

SECTION
1.1. Certain Terms.  The following terms
(whether or not underscored) when used in this Guarantee, including its preamble and recitals, shall have the following meanings
(such definitions to be equally applicable to the singular and plural forms thereof):

 

“Administrative Agent” is defined
in the first recital.

 

“Credit Agreement” is defined
in the first recital.

 

“Guarantee” is defined in the
preamble.

 

“Guarantor” is defined in the
preamble.

 

“Obligor” is defined in Section
2.1(a).

 

    D-1 

     

    

“Secured Parties” means, collectively,
the Administrative Agent and the Lenders, and “Secured Party” means any one of them.

 

SECTION
1.2. Credit Agreement Definitions.  Unless
otherwise defined herein or the context otherwise requires, terms used in this Guarantee, including its preamble and recitals, have the
meanings provided in the Credit Agreement.

 

Article
II

Guarantee Provisions

 

SECTION
2.1. Guarantee.  Each Guarantor jointly
and severally, absolutely, unconditionally and irrevocably:

 

(a)  
guarantees the full and punctual payment when due, whether at stated maturity, by required prepayment, declaration, acceleration,
demand or otherwise, and performance of all Obligations of the Borrower and the Subsidiaries (each, an “Obligor”) now
or hereafter existing under the Loan Documents, whether for principal, interest (including interest accruing at the then applicable Default
rate as provided in Section 3.5 of the Credit Agreement, whether or not a claim for post-filing or post-petition interest is allowed under
applicable Law following the institution of a proceeding under bankruptcy, insolvency or similar Laws), fees, expenses or otherwise (including
all such amounts which would become due but for the operation of the automatic stay under Section 362(a) of the United States Bankruptcy
Code, 11 U.S.C. §362(a), and the operation of Sections 502(b) and 506(b) of the United States Bankruptcy Code, 11 U.S.C. §502(b)
and §506(b)); and

 

(b)  
indemnifies and holds harmless each Secured Party for any and all reasonable costs and expenses (including the reasonable fees
and out-of-pocket expenses of counsel to such Secured Party) incurred by such Secured Party in enforcing any rights under this Guarantee,
except to the extent such amounts arise or are incurred as a consequence of such Secured Party’s own gross negligence or willful
misconduct;

 

provided
that each Guarantor shall only be liable under this Guarantee for the maximum amount of such liability that can be hereby incurred without
rendering this Guarantee, as it relates to such Guarantor, voidable under applicable Law relating to fraudulent conveyance or fraudulent
transfer, and not for any greater amount. This Guarantee constitutes a guarantee of payment when due and not of collection, and each Guarantor
specifically agrees that it shall not be necessary or required that the Secured Parties exercise any right, assert any claim or demand
or enforce any remedy whatsoever against such Guarantor or any other Person before or as a condition to the obligations of such Guarantor
becoming due hereunder.

 

SECTION
2.2. Reinstatement, Etc.  Each Guarantor
agrees that this Guarantee shall continue to be effective or be reinstated (including on or after the Termination Date), as the case may
be, if at any time any payment (in whole or in part) of any of the Obligations is invalidated, declared to be fraudulent or preferential,
set aside, rescinded or must otherwise be restored by any Secured Party, including upon the occurrence of any Event of Default set forth
in Section 9.1(h) of the Credit Agreement or otherwise, all as though such payment had not been made.

 

    D-2 

     

    

SECTION
2.3. Guarantee Absolute, Etc.  This
Guarantee shall in all respects be a continuing, absolute, unconditional and irrevocable guarantee of payment, and shall remain in full
force and effect until (unless reinstated pursuant to Section 2.2 above) the Termination Date has occurred. Each Guarantor guarantees
that the Obligations shall be paid strictly in accordance with the terms of each Loan Document under which they arise, regardless of any
Law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Secured Parties
with respect thereto. The liability of each Guarantor under this Guarantee shall be absolute, unconditional and irrevocable irrespective
of:

 

(a)  
any lack of validity, legality or enforceability of any Loan Document;

 

(b)  
the failure of any Secured Party (i) to assert any claim or demand or to enforce any right or remedy against such Guarantor
or any other Person (including any other guarantor) under the provisions of any Loan Document or otherwise, or (ii) to exercise any
right or remedy against any other guarantor (including such Guarantor and any other Guarantor) of, or collateral securing, any Obligations;

 

(c)  
any change in the time, manner or place of payment of, or in any other term of, all or any part of the Obligations, or any other
extension, compromise or renewal of any Obligation, or any amendment to, rescission, waiver, or other modification of, or any consent
to or departure from, any of the terms of any Loan Document;

 

(d)  
any reduction, limitation, impairment or termination of any Obligations for any reason, including any claim of waiver, release,
surrender, alteration or compromise, and shall not be subject to (and each Guarantor hereby waives any right to or claim of) any defense
or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality, irregularity, compromise, unenforceability
of, or any other event or occurrence affecting, any Obligations or otherwise;

 

(e)  
any addition, exchange or release of any collateral or of any Person that is (or will become) a guarantor of the Obligations, or
any surrender or non-perfection of any collateral, or any amendment to, or waiver or release of, or addition to, or consent to or departure
from, any other guarantee held by the Secured Parties securing any of the Obligations; or

 

(f)   
any other circumstance which might otherwise constitute a defense available to, or a legal or equitable discharge of, any Obligor,
any surety or any guarantor (including any Guarantor).

 

SECTION
2.4. Setoff. Each Guarantor hereby irrevocably authorizes each Secured Party, without the requirement that any notice be
given to such Guarantor (such notice being expressly waived by such Guarantor), upon the occurrence and during the continuance of any

 

    D-3 

     

    

Event
of Default, to appropriate and apply to the payment of the Obligations owing to it (whether or not then due), and (as security for such
Obligations) each Guarantor hereby grants to each Secured Party a continuing security interest in, any and all balances, credits, deposits,
accounts or moneys of such Guarantor then or thereafter maintained with or on behalf of such Secured Party. Each Secured Party agrees
to notify such Guarantor after any such set-off and application made by such Secured Party; provided that the failure to
give such notice shall not affect the validity of such setoff and application. The rights of the Secured Parties under this Section
2.4 are in addition to other rights and remedies (including other rights of setoff under applicable Law or otherwise) which the Secured
Parties may have.

 

SECTION
2.5. Waiver, Etc.  Each Guarantor waives,
to the extent permitted by applicable law, promptness, diligence, notice of acceptance and any other notice with respect to any of the
Obligations and this Guarantee and any requirement that the Secured Parties protect, secure, perfect or insure any Lien, or any property
subject thereto, or exhaust any right or take any action against any Obligor or any other Person (including any Guarantor) or entity or
any collateral securing the Obligations, as the case may be.

 

SECTION
2.6. Postponement of Subrogation, Etc.  Each
Guarantor agrees that it will not exercise any rights which it may acquire by way of rights of subrogation under any Loan Document to
which it is a party, nor shall such Guarantor seek or be entitled to seek any contribution or reimbursement from the Borrower or any other
Obligor or Guarantor, in respect of any payment made under any Loan Document or otherwise, until following the Termination Date. Any amount
paid to such Guarantor on account of any such subrogation rights prior to the Termination Date shall be held in trust for the benefit
of the Secured Parties and shall immediately be paid and turned over to the Administrative Agent, for the benefit of the Secured Parties,
in the exact form received by such Guarantor (duly endorsed in favor of the Administrative Agent, if required), to be credited and applied
against the Obligations, whether matured or unmatured, in accordance with Section 2.7; provided that, if such Guarantor has made
payment to the Administrative Agent of all or any part of the Obligations and the Termination Date has occurred, then, at such Guarantor’s
request, the Administrative Agent will, at the expense of such Guarantor, execute and deliver to such Guarantor appropriate documents
(without recourse and without representation or warranty) necessary to evidence the transfer by subrogation to such Guarantor of an interest
in the Obligations resulting from such payment. In furtherance of the foregoing, at all times prior to the Termination Date, such Guarantor
shall refrain from taking any action or commencing any proceeding against the Borrower or any other Obligor or Guarantor (or their successors
or assigns, whether in connection with a bankruptcy proceeding or otherwise) to recover any amounts in respect of payments made under
this Guarantee to the Administrative Agent.

 

SECTION
2.7. Payments; Application. Each Guarantor agrees
that all obligations of such Guarantor hereunder shall be paid solely in U.S. Dollars to the Lenders in immediately available funds, without
set-off, counterclaim or other defense and in accordance with Sections 3.2, 3.3, 3.6, 4.3 and 4.4 of the Credit Agreement, free and clear
of and without deduction for any Non-Excluded Taxes, such Guarantor hereby agreeing to comply with and be bound by the provisions of Sections
3.2, 3.3, 3.6, 4.3 and 4.4 of the Credit Agreement in respect of all payments and application of such payments made by it hereunder.

 

    D-4 

     

    

Article
III

Representations and Warranties

 

In order to induce the Secured Parties to enter
into the Credit Agreement and make the Loans thereunder, each Guarantor represents and warrants to the Administrative Agent, for the benefit
of the Secured Parties as set forth below.

 

SECTION
3.1. Credit Agreement Representations and Warranties. The representations and warranties contained in Article VI of the
Credit Agreement, insofar as the representations and warranties contained therein are applicable to such Guarantor and its properties,
are true and correct in all material respects as of the date hereof and as of the Closing Date and the First Delayed Draw Closing Date
or the Second Delayed Draw Closing Date, if applicable; provided, however that those representations and warranties expressly referring
to a specific date shall be true and correct in all material respects as of such date, and each such representation and warranty set forth
in such Article VI (insofar as applicable as aforesaid) and all other terms of the Credit Agreement to which reference is made therein,
together with all related definitions and ancillary provisions, is hereby incorporated into this Guarantee by this reference as though
specifically set forth in this Article III.

 

SECTION
3.2. Financial Condition, Etc. Each Guarantor has knowledge of the Borrower’s and each other Guarantor’s financial
condition and affairs and has adequate means to obtain from each such Person on an ongoing basis information relating thereto and to each
such Person’s ability to pay and perform the Obligations, and agrees to assume the responsibility for keeping, and to keep, so informed
for so long as this Guarantee is in effect. Each Guarantor acknowledges and agrees that the Secured Parties shall have no obligation to
investigate the financial condition or affairs of the Borrower or any other Guarantor for the benefit of such Guarantor nor to advise
such Guarantor of any fact respecting, or any change in, the financial condition or affairs of each such Person that might become known
to the Secured Parties at any time, whether or not the Secured Parties know or believe or have reason to know or believe that any such
fact or change is unknown to such Guarantor, or might (or does) materially increase the risk of such Guarantor as guarantor, or might
(or would) affect the willingness of such Guarantor to continue as a guarantor, of the Obligations.

 

SECTION
3.3. Best Interests. It is in the best interests of each Guarantor to execute this Guarantee inasmuch as each Guarantor
will, as a result of being an Affiliate of the Borrower, derive substantial direct and indirect benefits from the Loans made to the Borrower
by the Lenders pursuant to the Credit Agreement, and each Guarantor agrees that the Lenders are relying on this representation in agreeing
to make the Loans to the Borrower.

 

    D-5 

     

    

Article
IV

Covenants, Etc.

 

SECTION
4.1. Covenants.  Each Guarantor covenants
and agrees that, at all times prior to the Termination Date, it will perform, comply with and be bound by all of the agreements, covenants
and obligations contained in the Credit Agreement (including Articles VII and VIII of the Credit Agreement) which are applicable to such
Guarantor or its properties, and each such agreement, covenant and obligation contained in the Credit Agreement and all other terms of
the Credit Agreement to which reference is made in this Article IV, together with all related definitions and ancillary provisions,
is hereby incorporated into this Guarantee by this reference as though specifically set forth in this Article IV.

 

Article
V

Miscellaneous Provisions

 

SECTION
5.1. Loan Document.  This Guarantee
is a Loan Document executed pursuant to the Credit Agreement and shall (unless otherwise expressly indicated herein) be construed, administered
and applied in accordance with the terms and provisions thereof, including Article X thereof.

 

SECTION
5.2. Binding on Successors, Transferees and Assigns; Assignment.  This
Guarantee shall remain in full force and effect until the Termination Date has occurred, shall be binding upon each Guarantor and its
successors, transferees and assigns and shall inure to the benefit of and be enforceable by the Secured Parties; provided that
such Guarantor may not (unless otherwise permitted under the terms of the Credit Agreement) assign any of its obligations hereunder without
the prior written consent of the Secured Parties. Without limiting the generality of the foregoing, the Lenders may assign or otherwise
transfer (in whole or in part) its Commitment, Note or Loans held by it to any other Person in accordance with the Credit Agreement, and
such other Person shall thereupon become vested with all rights and benefits in respect thereof granted to the Lenders under each Loan
Document (including this Guarantee) or otherwise.

 

SECTION
5.3. Amendments, Etc.  No amendment
to or waiver of any provision of this Guarantee, nor consent to any departure by any Guarantor from its obligations under this Guarantee,
shall in any event be effective unless the same shall be in writing and signed by the Required Lenders and then such waiver or consent
shall be effective only in the specific instance and for the specific purpose for which given.

 

SECTION
5.4. Notices.  All notices and other
communications provided for hereunder shall be given or made as set forth in Section 10.2 of the Credit Agreement.

 

SECTION
5.5. Additional Guarantors.  Upon the
execution and delivery by any other Person of a supplement in the form of Annex I hereto, such Person shall become a “Guarantor”
hereunder with the same force and effect as if it were originally a party to this Guarantee and named as a “Guarantor” hereunder.
The execution and delivery of such supplement shall not require the consent of any other Guarantor hereunder, and the rights and obligations
of each Guarantor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor as a party to this
Guarantee. 

 

    D-6 

     

    

SECTION
5.6. No Waiver; Remedies.  In addition
to, and not in limitation of, Section 2.3 and Section 2.5, no failure on the part of any Secured Party to exercise, and
no delay in exercising, any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right hereunder
preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not
exclusive of any remedies provided by Law.

 

SECTION
5.7. Further Assurances. Each Guarantor agrees, upon the reasonable written request of the Administrative Agent (at the
direction of the Origination Agent or the Required Lenders), to execute and deliver to the Secured Parties, from time to time, any additional
instruments or documents deemed to be reasonably necessary by the Origination Agent or the Required Lenders to cause this Guarantee to
be, become or remain valid and effective in accordance with its terms.

 

SECTION
5.8. Section Captions.  Section captions
used in this Guarantee are for convenience of reference only and shall not affect the construction of this Guarantee.

 

SECTION
5.9. Severability.  Any provision of
this Guarantee which is prohibited or unenforceable in any jurisdiction shall, as to such provision and such jurisdiction, be ineffective
only to the extent of such prohibition or unenforceability without invalidating the remaining provisions of this Guarantee or affecting
the validity or enforceability of such provision in any other jurisdiction.

 

SECTION
5.10. Governing Law, Entire Agreement, Etc.  THIS
GUARANTEE AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF
OR RELATING TO THIS GUARANTEE OR ANY OTHER LOAN DOCUMENT CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE
OF NEW YORK) WITHOUT REGARD TO ANY CHOICE OR CONFLICT OF LAWS PROVISIONS OR RULES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANY
OTHER JURISDICTION. This Guarantee, along with the other Loan Documents, constitutes the entire understanding among the parties hereto
with respect to the subject matter hereof and supersedes any prior agreements, written or oral, with respect hereto.

 

SECTION
5.11. Forum Selection and Consent to Jurisdiction.  ANY
LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS GUARANTEE, OR ANY COURSE OF CONDUCT, COURSE OF DEALING,
STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE SECURED PARTIES OR ANY GUARANTOR IN CONNECTION HEREWITH 

 

    D-7 

     

    

SHALL
BE BROUGHT AND MAINTAINED IN THE COURTS OF THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN THE STATE OF NEW YORK OR IN THE UNITED
STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK; PROVIDED THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL
OR OTHER PROPERTY MAY BE BROUGHT, AT THE ADMINISTRATIVE AGENT’S OR THE LENDERS’ OPTION, IN THE COURTS OF ANY JURISDICTION
WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. THE SECURED PARTIES, BY ACCEPTANCE OF THIS GUARANTEE, AND EACH GUARANTOR IRREVOCABLY
CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK
AT THE ADDRESS FOR NOTICES SPECIFIED IN SECTION 10.2 OF THE CREDIT AGREEMENT. THE SECURED PARTIES, BY ACCEPTANCE OF THIS GUARANTEE, AND
EACH GUARANTOR HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY HAVE OR HEREAFTER
MAY HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION
HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT THE SECURED PARTIES, BY ACCEPTANCE OF THIS GUARANTEE, OR ANY GUARANTOR
HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE,
ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, THE SECURED PARTIES
BY, ACCEPTANCE OF THIS GUARANTEE, AND SUCH GUARANTOR, EACH ON ITS OWN BEHALF, HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED
BY LAW SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS GUARANTEE.

 

SECTION
5.12. Counterparts.  This Guarantee
may be executed by the parties hereto in several counterparts, each of which shall be an original and all of which shall constitute together
but one and the same agreement. This Guarantee shall become effective when counterparts hereof executed on behalf of each Guarantor shall
have been received by the Secured Parties. Delivery of an executed counterpart of a signature page to this Guarantee by email (in “pdf,”
“tiff” or similar format) or telecopy shall be effective as delivery of a manually executed counterpart of this Guarantee.

 

SECTION
5.13. Waiver of Jury Trial.  THE SECURED
PARTIES, BY ACCEPTANCE OF THIS GUARANTEE, AND EACH GUARANTOR HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE TO THE FULLEST EXTENT
PERMITTED BY LAW ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN
CONNECTION WITH, THIS GUARANTEE, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF ANY SECURED
PARTY OR ANY GUARANTOR IN CONNECTION HEREWITH. EACH GUARANTOR ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION
FOR THIS PROVISION (AND EACH OTHER PROVISION OF EACH OTHER LOAN DOCUMENT TO WHICH IT IS A PARTY) AND THAT THIS PROVISION IS A MATERIAL
INDUCEMENT FOR THE SECURED PARTIES TO ENTER INTO THE LOAN DOCUMENTS.

 

[
Signature Page Follows ]

 

    D-8 

     

    

In witness
whereof, each Guarantor has caused this Guarantee to be duly executed and delivered by its Authorized Officer as of the date first
above written.

 

 

	 	
    [name of guarantor]

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

Signature Page to Guarantee 

 

     

     

    

ANNEX I

to Guarantee

 

SUPPLEMENT TO

Guarantee

 

This SUPPLEMENT, dated as of ____________ ___,
_____ (this “Supplement”), is to the Guarantee, dated as of [•] (as amended, supplemented, amended and
restated or otherwise modified from time to time, the “Guarantee”), by the Guarantors (such term, and other terms used
in this Supplement, to have the meanings set forth in Article I of the Guarantee, unless otherwise defined herein or if the context otherwise
requires) from time to time party thereto, in favor of the Secured Parties (as defined in the Guarantee).

 

W
I T N E S S E T H :

 

WHEREAS, pursuant to a Credit Agreement, dated
as of May 20, 2019 (as amended, supplemented, or otherwise modified from time to time, the “Credit Agreement”), by
and among Acutus Medical, Inc., a Delaware corporation (the “Borrower”), the Lenders party thereto, and OrbiMed Royalty
Opportunities II, LP, a Delaware limited partnership, as Origination Agent, and Wilmington Trust, National Association, as administrative
agent (together with its, successors, transferees and assignees, the “Administrative Agent”), the Lenders have extended
a Commitment to make the Loans to the Borrower; and

 

WHEREAS, pursuant to the provisions of Section
5.5 of the Guarantee, each of the undersigned is becoming a Guarantor under the Guarantee; and

 

WHEREAS, each of the undersigned desires to become
a “Guarantor” under the Guarantee in order to induce the Lenders to continue to extend the Loans under the Credit Agreement;

 

NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, each of the undersigned agrees, for the benefit of the Secured Parties, as
follows.

 

SECTION
1. Party to Guarantee, Etc. In accordance with the terms of the Guarantee, by its signature below, each of the undersigned
hereby irrevocably agrees to become a Guarantor under the Guarantee with the same force and effect as if it were an original signatory
thereto and each of the undersigned hereby (a) agrees to be bound by and comply with all of the terms and provisions of the Guarantee
applicable to it as a Guarantor and (b) represents and warrants that the representations and warranties made by it as a Guarantor thereunder
are true and correct as of the date hereof, unless stated to relate solely to an earlier date, in which case such representations and
warranties shall be true and correct as of such earlier date. In furtherance of the foregoing, each reference to a “Guarantor”
or “Guarantors” in the Guarantee shall be deemed to include each of the undersigned.

 

     

     

    

SECTION
2. Representations. Each of the undersigned hereby represents and warrants that this Supplement has been duly authorized,
executed and delivered by it and that this Supplement and the Guarantee constitute its legal, valid and binding obligation, enforceable
against it in accordance with its terms (except, in any case, as such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization or similar Laws affecting creditors’ rights generally and by principles of equity).

 

SECTION
3. Full Force of Guarantee. Except as expressly supplemented hereby, the Guarantee shall remain in full force and effect
in accordance with its terms.

 

SECTION
4. Severability. Wherever possible each provision of this Supplement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Supplement shall be prohibited by or invalid under such law, such provision
shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining
provisions of this Supplement or the Guarantee.

 

SECTION
5. Governing Law, Entire Agreement, Etc. THIS SUPPLEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER
IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS SUPPLEMENT OR ANY DOCUMENT CONTEMPLATED HEREBY SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401
AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK) WITHOUT REGARD TO ANY CHOICE OR CONFLICT OF LAWS PROVISIONS OR RULES
THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION. This Supplement, along with the other Loan Documents, constitutes
the entire understanding among the parties hereto with respect to the subject matter thereof and supersedes any prior agreements, written
or oral, with respect thereto.

 

SECTION
6. Effectiveness. This Supplement shall become effective with respect to a Guarantor when a counterpart hereof executed
by such undersigned Guarantor shall have been received by the Secured Parties. Delivery of an executed counterpart of a signature page
to this Supplement by email (in “pdf,” “tiff” or similar format) or telecopy shall be effective as delivery of
a manually executed counterpart of this Supplement.

 

[ Signature Page Follows ]

 

     

     

    

IN WITNESS WHEREOF, each of the parties hereto
has caused this Supplement to be duly executed and delivered by its Authorized Officer as of the date first above written.

 

 

	 	
    [NAME OF
ADDITIONAL SUBSIDIARY]

    

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

 

	 	
    [NAME OF
ADDITIONAL SUBSIDIARY]

    

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

Signature Page to Guarantee Supplement

 

     

     

    

 

Exhibit E

 

FORM OF PLEDGE AND SECURITY
AGREEMENT

 

This PLEDGE AND SECURITY AGREEMENT, dated as of
May 20, 2019 (as amended, restated, supplemented or otherwise modified from time to time, this “Security Agreement”),
is by and among ACUTUS MEDICAL, INC., a Delaware corporation (the “Borrower” and together with any other entity that
may become a party hereto as provided herein, each a “Grantor” and, collectively, the “Grantors”),
and WILMINGTON TRUST, NATIONAL ASSOCIATION (together with its successors, transferees and assignees), as Administrative Agent (in such
capacity, the “Administrative Agent”) for the Secured Parties (defined below).

 

W I T N E S S E T H :

 

WHEREAS, pursuant to the Credit Agreement, dated
as of May 20, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”),
by and between the Borrower, the Lenders (as defined therein), OrbiMed Royalty Opportunities II, LP, as Origination Agent, and the Administrative
Agent, the Lenders have extended Commitments to make Loans to the Borrower;

 

WHEREAS, as a condition precedent to the making
of the Initial Loan, and as an inducement for the Lenders to make the Loans, in each case under the Credit Agreement, each Grantor is
required to execute and deliver this Security Agreement;

 

WHEREAS, it is required under the terms of the
Credit Agreement that the Grantors shall have granted, pledged and assigned the security interests and undertaken the obligations contemplated
by this Security Agreement.

 

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

 

ARTICLE
I

DEFINITIONS

 

Section 1.1           
Certain Terms. The following terms (whether or not underscored) when used in this Security Agreement, including its preamble
and recitals, shall have the following meanings (such definitions to be equally applicable to the singular and plural forms thereof):

 

“Administrative Agent” is defined
in the preamble.

 

“Agent Determination” is defined
in Section 7.11.

 

“Borrower” is defined in the
preamble.

 

“Collateral” is defined in Section
2.1.

 

    E-1 

     

    

“Collateral Accounts” is defined
in Section 4.3(b).

 

“Computer Hardware and Software Collateral”
means (a) all of the Grantors’ computer and other electronic data processing hardware, integrated computer systems, central processing
units, memory units, display terminals, printers, features, computer elements, card readers, tape drives, hard and soft disk drives, cables,
electrical supply hardware, generators, power equalizers, accessories and all peripheral devices and other related computer hardware,
including all operating system software, utilities and application programs in whatsoever form; (b) all software programs (including both
source code, object code and all related applications and data files) designed for use on the computers and electronic data processing
hardware described in clause (a) above; (c) all firmware associated therewith; (d) all documentation (including flow charts, logic
diagrams, manuals, guides, specifications, training materials, charts and pseudo codes) with respect to such hardware, software and firmware
described in the preceding clauses (a) through (c); and (e) all rights with respect to all of the foregoing, including copyrights,
licenses, options, warranties, service contracts, program services, test rights, maintenance rights, support rights, improvement rights,
renewal rights and indemnifications and any substitutions, replacements, improvements, error corrections, updates, additions or model
conversions of any of the foregoing.

 

“Control Agreement” means an
authenticated record in form and substance reasonably satisfactory to the Required Lenders, that provides for the Administrative Agent
to have “control” (as defined in the UCC) over certain Collateral.

 

“Copyright Collateral” means
all copyrights of the Grantors, whether statutory or common law, whether registered or unregistered and whether published or unpublished,
now or hereafter in force throughout the world including all of the Grantors’ rights, titles and interests in and to all copyrights
registered in the United States Copyright Office or anywhere else in the world, including the copyrights referred to in Item A
of Schedule V to the Disclosure Letter, and registrations and recordings thereof and all applications for registration thereof,
whether pending or in preparation, all copyright licenses, including each material copyright license referred to in Item B of Schedule
V to the Disclosure Letter, the right to sue for past, present and future infringements of any of the foregoing, all rights corresponding
thereto, all extensions and renewals of any thereof and all Proceeds of the foregoing, including licenses, royalties, income, payments,
claims, damages and Proceeds of suit, which are owned or licensed by the Grantors.

 

“Credit Agreement” is defined
in the first recital.

 

“Distributions” means all dividends
paid on Capital Securities, liquidating dividends paid on Capital Securities, shares (or other designations) of Capital Securities resulting
from (or in connection with the exercise of) stock splits, reclassifications, warrants, options, non-cash dividends, mergers, consolidations,
and all other distributions (whether similar or dissimilar to the foregoing) on or with respect to any Capital Securities constituting
Collateral.

 

“Financing Statements” is defined
in Section 3.7(b).

 

“General Intangibles” means
all “general intangibles” and all “payment intangibles”, each as defined in the UCC, and shall include all interest
rate or currency protection or hedging arrangements, all tax refunds, all licenses, permits, concessions and authorizations and all Intellectual
Property Collateral (in each case, regardless of whether characterized as general intangibles under the UCC).

 

    E-2 

     

    

“Grantor” and “Grantors”
are defined in the preamble.

 

“Intellectual Property Collateral”
means, collectively, the Computer Hardware and Software Collateral, the Copyright Collateral, the Patent Collateral, the Trademark Collateral,
the Trade Secrets Collateral, Product Agreements and Regulatory Authorizations.

 

“Intercompany Note” means any
promissory note evidencing loans made by any Grantor to any other Grantor.

 

“Investment Property” means,
collectively, (a) all “investment property” (as such term is defined in Section 9-102(a)(49) of the UCC) and (b) whether or
not constituting “investment property” as so defined, all Pledged Notes.

 

“Lenders” is defined in the
preamble.

 

“Patent Collateral” means:

 

(a)              
all of the Grantors’ (i) inventions and discoveries, whether patentable or not, and (ii) letters patent and applications
for letters patent throughout the world, including all patent applications in preparation for filing and each patent and patent application
referred to in Item A of Schedule III to the Disclosure Letter;

 

(b)              
all reissues, divisions, continuations, continuations-in-part, extensions, renewals and reexaminations of any of the items described
in clause (a);

 

(c)              
all patent licenses, and other agreements providing any Grantor with the right to use any items of the type referred to in clauses
(a) and (b) above, including each patent license referred to in Item B of Schedule III; and

 

(d)              
all Proceeds of, and rights associated with, the foregoing (including licenses, royalties income, payments, claims, damages and
Proceeds of infringement suits) and the right to sue third parties for past, present or future infringements of any patent or patent application
and for breach or enforcement of any patent license.

 

“Permitted Liens” means all
Liens permitted by Section 8.3 of the Credit Agreement.

 

“Pledged Notes” means all promissory
notes listed on Item J of Schedule II to the Disclosure Letter (as
such schedule may be amended or supplemented from time to time), all Intercompany Notes at any time issued to any Grantor and all
other promissory notes issued to or held by any Grantor.

 

“Secured Parties” means, collectively,
the Administrative Agent and the Lenders and “Secured Party” means any one of them.

 

    E-3 

     

    

“Securities Act” is defined
in Section 6.2(a).

 

“Security Agreement” is defined
in the preamble.

 

“Trade Secrets Collateral” means
all of the Grantors’ common law and statutory trade secrets and all other confidential, proprietary or useful information, and all
know-how obtained by or used in or contemplated at any time for use in the business of any Grantor (all of the foregoing being collectively
called a “Trade Secret”), whether or not such Trade Secret has been reduced to a writing or other tangible form, including
all documents and things embodying, incorporating or referring in any way to such Trade Secret, all Trade Secret licenses, including each
Trade Secret license referred to in Schedule VI, and including the right to sue for and to enjoin and to collect damages for the
actual or threatened misappropriation of any Trade Secret and for the breach or enforcement of any such Trade Secret license.

 

“Trademark Collateral” means:

 

(a)       (i)
all of the Grantors’ trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles,
service marks, certification marks, collective marks, logos and other source or business identifiers, and all goodwill of the business
associated therewith, now existing or hereafter adopted or acquired including those referred to in Item A of Schedule IV
to the Disclosure Letter, whether currently in use or not, all registrations and recordings thereof and all applications in connection
therewith, whether pending or in preparation for filing, including registrations, recordings and applications in the United States Patent
and Trademark Office or in any office or agency of the United States of America, or any state thereof or any other country or political
subdivision thereof or otherwise, and all common-law rights relating to the foregoing, and (ii) the right to obtain all reissues, extensions
or renewals of the foregoing (collectively referred to as the “Trademarks”);

 

(b)       all
Trademark licenses for the grant by or to any Grantors of any right to use any Trademark, including each Trademark license referred to
in Item B of Schedule IV;

 

(c)       all
of the goodwill of the business connected with the use of, and symbolized by the items described in, clause (a), and to the extent
applicable clause (b);

 

(d)       the
right to sue third parties for past, present and future infringements of any Trademark Collateral described in clause (a) and,
to the extent applicable, clause (b); and

 

(e)       all
Proceeds of, and rights associated with, the foregoing, including any claim by any Grantor against third parties for past, present or
future infringement or dilution of any Trademark, Trademark registration or Trademark license, or for any injury to the goodwill associated
with the use of any such Trademark or for breach or enforcement of any Trademark license and all rights corresponding thereto throughout
the world.

 

    E-4 

     

    

Section 1.2           
Credit Agreement Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Security
Agreement, including its preamble and recitals, have the meanings provided in the Credit Agreement.

 

Section 1.3           
UCC Definitions. When used herein the terms “Account,” “Certificate of Title,” “Certificated
Securities,” “Chattel Paper,” “Commercial Tort Claim,” “Commodity Account,” “Commodity
Contract,” “Deposit Account,” “Document,” “Electronic Chattel Paper,” “Equipment,”
“Financial Asset,” “Goods,” “Instrument,” “Inventory,” “Letter-of-Credit Rights,”
“Payment Intangibles,” “Proceeds,” “Promissory Notes,” “Securities Account,” “Security,”
“Security Entitlement,” “Supporting Obligations” and “Uncertificated Securities” have the meaning
provided in Article 8 or Article 9, as applicable, of the UCC. “Letters of Credit” has the meaning provided in Section 5-102
of the UCC.

 

ARTICLE
II

SECURITY INTEREST

 

Section 2.1           
Grant of Security Interest. Each Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties,
a continuing security interest in all of such Grantor’s right, title and interest in and to the following property, whether now
or hereafter existing, owned or acquired by such Grantor, and wherever located (collectively, the “Collateral”):

 

(a)              
Accounts;

 

(b)              
Chattel Paper;

 

(c)              
Commercial Tort Claims, including those listed on Item I of Schedule II to the Disclosure Letter (as
such schedule may be amended or supplemented from time to time);

 

(d)              
Deposit Accounts;

 

(e)              
Documents;

 

(f)               
General Intangibles;

 

(g)              
Goods (including Goods held on consignment with third parties);

 

(h)              
Instruments;

 

(i)                
Investment Property, including all Securities, all Securities Accounts and all Security Entitlements with respect thereto and all
Financial Assets carried therein, and all Commodity Accounts and Commodity Contracts;

 

(j)                
Letter-of-Credit Rights and Letters of Credit;

 

(k)              
Capital Securities;

 

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(l)                
Supporting Obligations;

 

(m)            
all books, records, writings, databases, information and other property relating to, used or useful in connection with, evidencing,
embodying, incorporating or referring to, any of the foregoing in this Section 2.1;

 

(n)              
all other tangible or intangible personal property and rights of every kind and description and interests therein;

 

(o)              
to the extent not otherwise included, (x) all payments under insurance (whether or not the Administrative Agent is the loss payee
thereof) in respect of Collateral and (y) all tort claims; and

 

(p)              
all Proceeds of any of the foregoing, all Accessions to and substitutions and replacements for, any of the Collateral, and all
offspring, rents, profits and products of any of the Collateral, and, to the extent related to any Collateral, all books, correspondence,
credit files, records, invoices and other papers (including all tapes, cards, computer runs and other papers and documents in the possession
or under control of any Grantor or any computer bureau or service company from time to time acting for a Grantor).

 

Notwithstanding the foregoing, the term “Collateral”
shall not include:

 

(i)                
any General Intangibles or other rights, in each case arising under any contracts, instruments, licenses or other documents as
to which the grant of a security interest would (A) constitute a violation of a valid and enforceable restriction in favor of a third
party on such grant, unless and until any required consents shall have been obtained, or (B) give any other party to such contract,
instrument, license or other document the right to terminate its obligations thereunder;

 

(ii)             
Trademark applications filed in the United States Patent and Trademark Office on the basis of such Grantor’s “intent
to use” such trademark, unless and until acceptable evidence of use of the Trademark has been filed with the United States Patent
and Trademark Office pursuant to Section 1(c) or Section 1(d) of the Lanham Act (15 U.S.C. 1051, et seq.), to the extent that granting
a Lien in such Trademark application prior to such filing would adversely affect the enforceability or validity of such Trademark application;

 

(iii)           
any asset, the granting of a security interest in which would be void or illegal under any applicable Law or pursuant thereto would
result in, or permit the termination of, such asset;

 

(iv)            
the Excluded Accounts; or

 

(v)              
any asset subject to a Permitted Lien (other than Liens in favor of the Secured Parties), securing obligations permitted under
the Credit Agreement to the extent that the grant of other Liens on such asset (A) would result in a breach or violation of, or constitute
a default under, the agreement or instrument governing such Permitted Lien, (B) would result in the loss of use of such asset or (C) would
permit the holder of such Permitted Lien to terminate the Grantor’s use of such asset;

 

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provided that the property described in
each of the clauses (i), (iii) and (v) above shall only be excluded from the term “Collateral” to the extent the conditions
stated in such clauses are not rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC or any other applicable
Law.

 

Section 2.2           
Security for Obligations. This Security Agreement and the Collateral in which the Administrative Agent, for the benefit
of the Secured Parties, is granted a security interest hereunder by the Grantors to secure the payment and performance of all of the Obligations.

 

Section 2.3           
Grantors Remain Liable. Anything herein to the contrary notwithstanding:

 

(a)              
the Grantors will remain liable under the contracts and agreements included in the Collateral to the extent set forth therein,
and will perform all of their duties and obligations under such contracts and agreements to the same extent as if this Security Agreement
had not been executed;

 

(b)              
the exercise by any Secured Party of any of its rights hereunder will not release any Grantor from any of its duties or obligations
under any such contracts or agreements included in the Collateral; and

 

(c)              
the Secured Parties will not have any obligation or liability under any contracts or agreements included in the Collateral by reason
of this Security Agreement, nor will the Secured Parties be obligated to perform any of the obligations or duties of any Grantor thereunder
or to take any action to collect or enforce any claim for payment assigned hereunder.

 

Section 2.4           
Distributions on Capital Securities; Payments on Pledged Notes. In the event that any (a) Distribution with respect to any
Capital Securities or (b) payment with respect to any Pledged Notes, in each case pledged hereunder, is permitted to be paid (in accordance
with Section 8.6 of the Credit Agreement), such Distribution or payment may be paid directly to the applicable Grantor. If any Distribution
or payment is made in contravention of Section 8.6 of the Credit Agreement, such Grantor shall hold the same segregated and in trust for
the Administrative Agent, for the benefit of the Secured Parties, until paid to the Administrative Agent in accordance with Section
4.1.5.

 

Section 2.5           
Security Interest Absolute, Etc. This Security Agreement shall in all respects be a continuing, absolute, unconditional
and irrevocable grant of security interest, and shall remain in full force and effect until the Termination Date. All rights of the Secured
Parties and the security interests granted to the Administrative Agent, for the benefit of the Secured Parties, hereunder, and all obligations
of the Grantors hereunder, shall, to the fullest extent permitted by applicable Law, in each case, be absolute, unconditional and irrevocable
irrespective of:

 

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(a)              
any lack of validity, legality or enforceability of any Loan Document (other than this Security Agreement);

 

(b)              
the failure of any Secured Party (i) to assert any claim or demand or to enforce any right or remedy against any Loan Party or
any of its respective Subsidiaries or any other Person (including any other Grantor) under the provisions of any Loan Document or otherwise,
or (ii) to exercise any right or remedy against any other guarantor (including any other Grantor) of, or Collateral securing, any Obligations;

 

(c)              
any change in the time, manner or place of payment of, or in any other term of, all or any part of the Obligations, or any other
extension, compromise or renewal of any Obligations;

 

(d)              
any reduction, limitation, impairment or termination of any Obligations for any reason, including any claim of waiver, release,
surrender, alteration or compromise, and shall not be subject to (and each Grantor hereby waives, until payment of all Obligations, any
right to or claim of) any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality,
nongenuineness, irregularity, compromise, unenforceability of, or any other event or occurrence affecting, any Obligations or otherwise;

 

(e)              
any amendment to, rescission, waiver, or other modification of, or any consent to or departure from, any of the terms of any Loan
Document;

 

(f)               
any addition, exchange or release of any Collateral or of any Person that is (or will become) a Grantor (including the Grantors
hereunder), or any surrender or non-perfection of any Collateral, or any amendment to or waiver or release or addition to, or consent
to or departure from, any other guaranty held by the Administrative Agent, for the benefit of the Secured Parties, securing any of the
Obligations; or

 

(g)              
any other circumstance which might otherwise constitute a defense available to, or a legal or equitable discharge of any Loan Party
or any of its respective Subsidiaries, any surety or any guarantor.

 

Section 2.6           
Postponement of Subrogation. Each Grantor agrees that it will not exercise any rights against another Grantor which it may
acquire by way of rights of subrogation under any Loan Document to which it is a party until following the Termination Date. No Grantor
shall seek or be entitled to seek any contribution or reimbursement from any Loan Party or any of its respective Subsidiaries, in respect
of any payment made under any Loan Document or otherwise, until following the Termination Date. Any amount paid to any Grantor on account
of any such subrogation rights prior to the Termination Date shall be held in trust for the benefit of the Secured Parties and shall immediately
be paid and turned over to the Administrative Agent, for the benefit of the Secured Parties, in the exact form received by such Grantor
(duly endorsed in favor of the Administrative Agent, if required), to be credited and applied against the Obligations, whether matured
or unmatured, in accordance with Section 6.1(b); provided that if such Grantor has made payment to the Administrative Agent
of all or any part of the Obligations and the Termination Date has occurred, then at such Grantor’s written request, the

 

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Administrative
Agent will, at the expense of such Grantor, execute and deliver to such Grantor appropriate documents (without recourse and without representation
or warranty) necessary to evidence the transfer by subrogation to such Grantor of an interest in the Obligations resulting from such
payment. In furtherance of the foregoing, at all times prior to the Termination Date, such Grantor shall refrain from taking any action
or commencing any proceeding against any Loan Party or any of its respective Subsidiaries (or their successors or assigns, whether in
connection with a bankruptcy proceeding or otherwise) to recover any amounts in respect of payments made under this Security Agreement
to the Administrative Agent or any other Secured Party.

 

ARTICLE
III

REPRESENTATIONS AND WARRANTIES

 

In order to induce the Secured Parties to enter
into the Credit Agreement and make the Loans thereunder, the Grantors represent and warrant to the Administrative Agent, for the benefit
of the Secured Parties, as set forth below.

 

Section 3.1           
As to Capital Securities of the Subsidiaries, Investment Property.

 

(a)              
With respect to any Subsidiary of any Grantor that is

 

(i)                
a corporation, business trust, joint stock company or similar Person, all Capital Securities issued by such Subsidiary (including
the Borrower) are duly authorized and validly issued, fully paid and non-assessable, and represented by a certificate or certificates;
and

 

(ii)             
a partnership or limited liability company, no Capital Securities issued by such Subsidiary (A) is dealt in or traded on securities
exchanges or in securities markets,(B) expressly provides that such Capital Securities is a security governed by Article 8 of the UCC
or (C) is held in a Securities Account, except, with respect to this clause (a)(ii), Capital Securities with respect to which
the issuer has agreed in an authenticated record with such Grantor and the Administrative Agent to comply with any instructions of the
Administrative Agent without the consent of such Grantor.

 

(b)              
Each Grantor has delivered all Certificated Securities constituting Collateral held by such Grantor in a Subsidiary (including
the Borrower) on the Closing Date (or the date such Grantor becomes a party to this Security Agreement, as applicable) to the Administrative
Agent, together with duly executed undated blank stock powers, or other equivalent instruments of transfer acceptable to the Administrative
Agent.

 

(c)              
With respect to Uncertificated Securities constituting Collateral owned by any Grantor in a Subsidiary (including the Borrower)
on the Closing Date (or the date such Grantor becomes a party to this Security Agreement, as applicable), such Grantor has caused the
issuer thereof either to (i) register the Administrative Agent as the registered owner of such security or (ii) agree in an authenticated
record with such Grantor and the Administrative Agent that such issuer will comply with instructions with respect to such security originated
by the Administrative Agent without further consent of such Grantor.

 

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(d)              
The percentage of the issued and outstanding Capital Securities of each Subsidiary (including the Borrower) pledged on the
Closing Date (or the date such Grantor becomes a party to this Security Agreement, as applicable) by each Grantor hereunder is as set
forth on Schedule I to the Disclosure Letter. All shares of such Capital Securities have been duly and validly issued and are fully
paid and nonassessable.

 

(e)              
Each of the Intercompany Notes, if any, constitutes the legal, valid and binding obligation of the obligor with respect thereto,
enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium
and other similar Laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in
a proceeding in equity or at law) and an implied covenant of good faith and fair dealing.

 

Section 3.2           
Grantor Name, Location, Etc. In each case as of the date hereof:

 

(a)              
(i) The jurisdiction in which each Grantor is located for purposes of Sections 9-301 and 9-307 of the UCC and (ii) the address
of each Grantor’s executive office and principal place of business is set forth in Item A of Schedule II to the Disclosure
Letter.

 

(b)              
The Grantors do not have any trade names other than those set forth in Item C of Schedule II to the Disclosure Letter.

 

(c)              
During the twelve months preceding the date hereof (or preceding the date such Grantor becomes a party to this Security Agreement,
as applicable), no Grantor has been known by any legal name different from the one set forth on the signature page hereto, nor has such
Grantor been the subject of any merger or other corporate reorganization, except as set forth in Item D of Schedule II to
the Disclosure Letter.

 

(d)              
Each Grantor’s federal taxpayer identification number (or foreign equivalent) is (and, during the twelve months preceding
the date hereof (or preceding the date such Grantor becomes a party to this Security Agreement, as applicable), such Grantor has not had
a federal taxpayer identification number (or equivalent) different from that) set forth in Item E of Schedule II to the
Disclosure Letter.

 

(e)              
No Grantor is a party to any federal, state or local government contract except as set forth in Item F of Schedule II
to the Disclosure Letter.

 

(f)               
No Grantor maintains any Deposit Accounts, Securities Accounts or Commodity Accounts with any Person, in each case, except as set
forth on Item G of Schedule II to the Disclosure Letter.

 

(g)              
No Grantor is the beneficiary of any Letters of Credit, except as set forth on Item H of Schedule II to the Disclosure
Letter.

 

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(h)              
No Grantor has Commercial Tort Claims, except as set forth on Item I of Schedule II to the Disclosure Letter.

 

(i)                
The name set forth on the signature page attached hereto (or the signature page of the supplement hereto by which such Grantor
has become a party to this Security Agreement, as applicable) is the true and correct legal name (as defined in the UCC) of each Grantor.

 

Section 3.3           
Ownership, No Liens, Etc. Each Grantor owns its Collateral free and clear of any Lien, except for (a) any security interest
created by this Security Agreement or (b) Permitted Liens. No effective UCC financing statement or other filing similar in effect covering
all or any part of the Collateral is on file in any recording office, except those filed in favor of the Administrative Agent relating
to this Security Agreement, Permitted Liens or as to which a duly authorized termination statement relating to such UCC financing statement
or other instrument has been delivered to the Administrative Agent on the Closing Date.

 

Section 3.4           
Possession of Inventory, Control, Etc.

 

(a)              
Each Grantor has, and agrees that it will maintain, exclusive possession of its Documents, Instruments, Promissory Notes, Goods,
Equipment and Inventory, other than (i) Equipment and Inventory that is in transit in the ordinary course of business, (ii) Equipment
and Inventory that in the ordinary course of business is in the possession or control of a warehouseman, bailee agent or other Person
(other than a Person controlled by or under common control with such Grantor), and if the fair market value of such Collateral at any
such location exceeds $100,000, (A) such Person has been notified of the security interest created in favor of the Administrative Agent,
for the benefit of the Secured Parties, pursuant to this Security Agreement and has authenticated a record acknowledging that it holds
possession of such Collateral for the benefit of the Secured Parties and waives any Lien held by it against such Collateral, (iii) Inventory
that is in the possession of a consignee in the ordinary course of business, (iv) laptop computers and similar movable items of personal
property used by employees of the Grantor, and (v) Instruments or Promissory Notes that have been delivered to the Administrative Agent
pursuant to Section 3.5. In the case of Equipment or Inventory described in clause (ii) above, no lessor or warehouseman of any
premises or warehouse upon or in which such Equipment or Inventory is located has (w) issued any warehouse receipt or other receipt in
the nature of a warehouse receipt in respect of any such Equipment or Inventory, (x) issued any Document for any such Equipment or Inventory,
or (y) any Lien on any such Equipment or Inventory, other than Permitted Liens.

 

(b)              
Each Grantor is the sole entitlement holder of its Deposit Accounts and no other Person (other than the Administrative Agent pursuant
to this Security Agreement or any other Person with respect to Permitted Liens) has control or possession of, or any other interest in,
any of its Deposit Accounts (other than Excluded Accounts) or any other securities or property credited thereto.

 

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Section 3.5           
Negotiable Documents, Instruments and Chattel Paper. Each Grantor has delivered to the Administrative Agent possession of
all originals of all Documents, Instruments, Promissory Notes, and tangible Chattel Paper (other than any Document, Instrument, Promissory
Note or tangible Chattel Paper not exceeding $50,000 in principal amount) owned or held by such Grantor on the Closing Date (or the date
such Grantor becomes a party to this Security Agreement, as applicable).

 

Section 3.6           
Intellectual Property Collateral. Except as disclosed on Schedules III through VI to the Disclosure Letter,
with respect to any Intellectual Property Collateral:

 

(a)              
any Intellectual Property Collateral owned by any Grantor that is material to Grantor’s business is valid, subsisting, unexpired
and enforceable and has not been abandoned or adjudged invalid or unenforceable, in whole or in part;

 

(b)              
such Grantor is the sole and exclusive owner of the entire and unencumbered right, title and interest in and to all Intellectual
Property Collateral that is owned by such Grantor and to the knowledge of such Grantor, no claim has been made in writing that the use
of such Intellectual Property Collateral by such Grantor does or may, conflict with, infringe, misappropriate, dilute, misuse or otherwise
violate in any material respects, any of the rights of any third party;

 

(c)              
such Grantor has taken all reasonable actions to maintain and protect its interest in any Intellectual Property Collateral material
to its business owned by such Grantor, including but not limited to filings and recordation to the extent such filing or recordation is
necessary for the conduct of the business substantially in the manner presently conducted, including recordation of all of its interests
in the Patent Collateral and Trademark Collateral material to its business in the United States Patent and Trademark Office (or foreign
equivalent), and its claims to the Copyright Collateral in the United States Copyright Office (or foreign equivalent), and, to the extent
necessary, has used proper statutory notice in connection with its use of any material Patent, Trademark and Copyright in any of the Intellectual
Property Collateral;

 

(d)              
such Grantor has taken all reasonable steps to safeguard its Trade Secrets and to its knowledge (i) none of the Trade Secrets of
such Grantor has been used, divulged, disclosed or appropriated for the benefit of any other Person other than such Grantor; (ii) no employee,
independent contractor or agent of such Grantor has misappropriated any Trade Secrets of such Grantor in the course of the performance
of his or her duties as an employee, independent contractor or agent of such Grantor; and (iii) no employee, independent contractor or
agent of such Grantor is in default or breach of any material term of any employment agreement, non-disclosure agreement, assignment of
inventions agreement or similar agreement or contract relating in any material way to the protection, ownership, development, use or transfer
of such Grantor’s Intellectual Property Collateral;

 

(e)              
 to such Grantor’s knowledge, no third party is infringing upon any Intellectual Property owned or used by such Grantor;

 

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(f)               
no settlement or consents, covenants not to sue, nonassertion assurances, or releases have been entered into by such Grantor or
to which such Grantor is bound that materially and adversely affects its rights to own or use any Intellectual Property;

 

(g)              
such Grantor has not made a previous assignment, sale, transfer or agreement constituting a present or future assignment, sale
or transfer of any Intellectual Property for purposes of granting a security interest or as collateral that has not been terminated or
released except as permitted under the Credit Agreement;

 

(h)              
such Grantor has executed and delivered to the Administrative Agent Intellectual Property Collateral security agreements for all
Patents, Trademarks and Copyrights owned by such Grantor, including all Patents, Trademarks and Copyrights described on Schedules III
through V to the Disclosure Letter (as such schedules may be amended or supplemented from time to time by notice by such Grantor to the
Administrative Agent);

 

(i)                
such Grantor uses commercially reasonable standards of quality in the manufacture, distribution and sale of all products sold and
in the provision of all services rendered under or in connection with all Trademarks and has taken all commercially reasonable action
necessary to ensure that all licensees of the Trademarks owned by such Grantor use such adequate standards of quality;

 

(j)                
the consummation of the transactions contemplated by the Credit Agreement and this Security Agreement will not result in the termination
or material impairment of any of the Intellectual Property Collateral; and

 

(k)              
to such Grantor’s knowledge, such Grantor owns or is entitled to use by license, lease or other agreement, all Patents, Trademarks,
Trade Secrets, Copyrights, mask works, licenses, technology, know how, processes and rights with respect to any of the foregoing as necessary
to conduct the business and operations of such Grantor substantially in the manner presently conducted.

 

Section 3.7           
Validity, Etc.

 

(a)              
This Security Agreement creates a valid security interest in the Collateral securing the payment of the Obligations to the extent
such security interest may be created pursuant to Article 9 of the UCC.

 

(b)              
As of the Closing Date (or the date such Grantor becomes a party to this Security Agreement, as applicable), each Grantor has filed
or caused to be filed all UCC-1 financing statements in the filing office for each Grantor’s jurisdiction of organization listed
in Item A of Schedule II to the Disclosure Letter (collectively, the “Financing Statements”) (or has
authenticated and delivered to the Administrative Agent (or its designee) the Financing Statements suitable for timely and proper filing
in such offices) and has taken all other actions requested by the Administrative Agent or required hereunder for the Administrative Agent
to obtain control of the Collateral as provided in Sections 9-104, 9-105, 9-106 and 9-107 of the UCC.

 

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(c)              
Upon the filing of the Financing Statements with the appropriate agencies therefor the security interests created under this Security
Agreement shall constitute a perfected security interest in the Collateral described on such Financing Statements in favor of the Administrative
Agent to the extent that a security interest therein may be perfected by filing a financing statement pursuant to the relevant UCC, prior
to all other Liens, except for Permitted Liens (in which case such security interest shall be second in priority of right only to the
Permitted Liens until the obligations secured by such Permitted Liens have been satisfied).

 

Section 3.8           
Authorization, Approval, Etc. Except as have been obtained or made and are in full force and effect, no authorization, approval
or other action by, and no notice to or filing with, any Governmental Authority or any other third party is required either

 

(a)              
for the grant by the Grantors of the security interest granted hereby or for the execution, delivery and performance of this Security
Agreement by the Grantors;

 

(b)              
for the perfection or maintenance of the security interests hereunder including the first priority nature of such security interest
(except with respect to the Financing Statements or, with respect to Intellectual Property Collateral, the recordation of any agreements
with the United States Patent and Trademark Office or the United States Copyright Office or, with respect to foreign Intellectual Property
Collateral, the taking of appropriate action under applicable foreign Law and, with respect to after-acquired Intellectual Property Collateral,
any subsequent filings in such applicable intellectual property offices) or the exercise by any Secured Party of its rights and remedies
hereunder; or

 

(c)              
for the exercise by the Administrative Agent of the voting or other rights provided for in this Security Agreement, except (i)
with respect to any securities issued by a Subsidiary of the Grantors, as may be required in connection with a disposition of such securities
by Laws affecting the offering and sale of securities generally, the remedies in respect of the Collateral pursuant to this Security Agreement
and (ii) any “change of control” or similar filings required by state licensing agencies.

 

Section 3.9           
Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement
inasmuch as such Grantor will, as a result of being an Affiliate of the Borrower, derive substantial direct and indirect benefits from
the Loans made to the Borrower by the Lenders pursuant to the Credit Agreement, and each Grantor agrees that the Lenders are relying on
this representation in agreeing to make such Loans pursuant to the Credit Agreement to the Borrower.

 

ARTICLE
IV

COVENANTS

 

Each Grantor covenants and agrees that, until the
Termination Date, such Grantor will perform, comply with and be bound by the obligations set forth below.

 

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Section 4.1           
As to Investment Property, Etc.

 

Section 4.1.1     
Capital Securities of Subsidiaries. No Grantor will allow any of its Subsidiaries:

 

(a)              
that is a corporation, business trust, joint stock company or similar Person, to issue Uncertificated Securities;

 

(b)              
that is a partnership or limited liability company, to (i) issue Capital Securities that are to be dealt in or traded on securities
exchanges or in securities markets, (ii) expressly provide in its Organic Documents that its Capital Securities are securities governed
by Article 8 of the UCC, or (iii) place such Subsidiary’s Capital Securities in a Securities Account; and

 

(c)              
to issue Capital Securities in addition to or in substitution for the Capital Securities pledged hereunder, except to such Grantor
(and such Capital Securities are immediately pledged and delivered to the Administrative Agent pursuant to the terms of this Security
Agreement).

 

Section 4.1.2     
Investment Property (other than Certificated Securities).

 

(a)       With
respect to any Deposit Accounts, Securities Accounts, Commodity Accounts, Commodity Contracts or Security Entitlements constituting Investment
Property owned or held by any Grantor, such Grantor will cause (except for Excluded Accounts) the intermediary maintaining such Investment
Property to execute a Control Agreement relating to such Investment Property pursuant to which such intermediary agrees to comply with
the Administrative Agent’s instructions with respect to such Investment Property without further consent by such Grantor (it being
understood that the Administrative Agent shall only deliver notice to such intermediary that it must comply with the Administrative Agent’s
instructions after and during the continuation of an Event of Default).

 

(b)       With
respect to any Uncertificated Securities constituting Investment Property owned or held by any Grantor, such Grantor will use commercially
reasonable efforts cause the issuer of such securities to either (i) register the Administrative Agent as the registered owner thereof
on the books and records of the issuer or (ii) execute a Control Agreement relating to such Investment Property pursuant to which the
issuer agrees to comply with the Administrative Agent’s instructions with respect to such Uncertificated Securities without further
consent by such Grantor.

 

Section 4.1.3     
Certificated Securities (Stock Powers). Each Grantor agrees that all Certificated Securities constituting Collateral, including
the Capital Securities delivered by such Grantor pursuant to this Security Agreement, will be accompanied by duly executed undated blank
stock powers, or other equivalent instruments of transfer reasonably acceptable to the Administrative Agent.

 

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Section 4.1.4     
Continuous Pledge. Each Grantor will (subject to the terms of the Credit Agreement) (a) deliver to the Administrative Agent
as collateral security all Investment Property and all Payment Intangibles to the extent that such Investment Property or Payment Intangibles
are evidenced by a Document, Instrument, Promissory Note or Chattel Paper (other than any Document, Instrument, Promissory Note or Chattel
Paper not exceeding $50,000 in the principal amount), and (b) at all times keep pledged to the Administrative Agent pursuant hereto, on
a first-priority (subject to Permitted Liens), perfected basis, a security interest therein and in all interest and principal with respect
to such Payment Intangibles, and all Proceeds and rights from time to time received by or distributable to such Grantor in respect of
any of the foregoing Collateral. Each Grantor agrees that it will, promptly following receipt thereof, deliver to the Administrative Agent
possession of all originals of negotiable Documents, Instruments, Promissory Notes and Chattel Paper that it acquires following the Closing
Date (other than any Document, Instrument, Promissory Note or Chattel Paper not exceeding $50,000 in the principal amount).

 

Section 4.1.5     
Voting Rights, Dividends, Etc. Each Grantor agrees:

 

(a)              
upon receipt of notice of the occurrence and continuance of an Event of Default from the Administrative Agent and upon any request
therefor by the Administrative Agent, so long as such Event of Default shall continue, to deliver (properly endorsed where required hereby
or requested by the Administrative Agent) to the Administrative Agent all dividends and Distributions with respect to Investment Property,
all interest, principal, other cash payments on Payment Intangibles, and all Proceeds of the Collateral, in each case thereafter received
by such Grantor, all of which shall be held by the Administrative Agent as additional Collateral, except for payments made in accordance
with Section 8.6 of the Credit Agreement; and

 

(b)              
immediately upon the occurrence and during the continuation of an Event of Default and so long as the Administrative Agent has
notified such Grantor of the Administrative Agent’s intention to exercise its voting power under this clause,

 

(i)                
that the Administrative Agent may exercise (to the exclusion of such Grantor) the voting power and all other incidental rights
of ownership with respect to any Investment Property constituting Collateral and such Grantor hereby grants the Administrative Agent an
irrevocable proxy, exercisable under such circumstances, to vote such Investment Property; and

 

(ii)             
to promptly deliver to the Administrative Agent such additional proxies and other documents as may be necessary to allow the Administrative
Agent to exercise such voting power.

 

All dividends, Distributions, interest, principal, cash payments, Payment
Intangibles and Proceeds that may at any time and from time to time be held by such Grantor, but which such Grantor is then obligated
to deliver to the Administrative Agent pursuant to this Section 4.1.15, shall, until delivery to the Administrative Agent, be held by
such Grantor separate and apart from its other property in trust for the Administrative Agent. The Administrative Agent agrees that unless
an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given the notice referred to in clause
(b), such Grantor will have the exclusive voting power with respect to any Investment Property constituting Collateral and the Administrative

 

    E-16 

     

    

Agent will, upon the written request of such Grantor, promptly deliver
such proxies and other documents, if any, as shall be reasonably requested by such Grantor which are necessary to allow such Grantor to
exercise that voting power; provided that no vote shall be cast, or consent, waiver, or ratification given, or action taken by
such Grantor that would impair any such Collateral or be inconsistent with or violate any provision of any Loan Document.

 

Section 4.2           
Change of Name, Etc. No Grantor will change its name or place of incorporation or organization or federal taxpayer identification
number except as otherwise permitted by the Credit Agreement.

 

Section 4.3           
As to Accounts.

 

(a)              
Each Grantor shall have the right to collect all Accounts so long as no Event of Default shall have occurred and be continuing.

 

(b)              
Upon (i) the occurrence and continuance of an Event of Default and (ii) the delivery of notice by the Administrative Agent to each
Grantor, all Proceeds of Collateral received by such Grantor shall be delivered in kind to the Administrative Agent for deposit in a Deposit
Account of such Grantor maintained with the Administrative Agent (together with any other Deposit Accounts or Securities Accounts pursuant
to which any portion of the Collateral is deposited with the Administrative Agent, the “Collateral Accounts”), and
such Grantor shall not commingle any such Proceeds, and shall hold separate and apart from all other property, all such Proceeds in express
trust for the benefit of the Administrative Agent until delivery thereof is made to the Administrative Agent.

 

(c)              
Following the delivery of notice pursuant to clause (b)(ii), the Administrative Agent shall have the right to apply any
amount in the Collateral Accounts to the payment of any Obligations which are then due and payable.

 

(d)              
With respect to each of the Collateral Accounts, it is hereby confirmed and agreed that (i) deposits in such Collateral Account
are subject to a security interest as contemplated hereby, (ii) such Collateral Account shall be under the control of the Administrative
Agent and (iii) the Administrative Agent shall have the sole right of withdrawal over such Collateral Account.

 

Section 4.4           
As to Grantors’ Use of Collateral.

 

(a)              
Subject to Section 4.4(b), each Grantor (i) may in accordance with the Credit Agreement,
at its own expense, sell, lease or furnish under contracts of service any of the Inventory normally held by such Grantor for such purpose,
and use and consume, in the ordinary course of its business, any raw materials, work in process or materials normally held by such Grantor
for such purpose, (ii) will, at its own expense, endeavor to collect, as and when due, all amounts
due with respect to any of the Collateral, including the taking of such action with respect to such collection as the Administrative Agent
may reasonably request following the occurrence and during the continuance of an Event of Default or, in the absence of such request,
as such Grantor may deem advisable, and (iii) may grant, in the ordinary course of business,
to any party obligated on any of the Collateral, any rebate, refund or allowance to which such party may be lawfully entitled, and may
accept, in connection therewith, the return of Goods, the sale or lease of which shall have given rise to such Collateral.

 

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(b)              
At any time following the occurrence and during the continuation of an Event of Default, whether before or after the maturity of
any of the Obligations, the Administrative Agent may (i) revoke any or all of the rights of each Grantor set forth in Section 4.4(a),
(ii) notify any parties obligated on any of the Collateral to make payment to the Administrative Agent of any amounts due or to become
due thereunder and (iii) enforce collection of any of the Collateral by suit or otherwise and surrender, release, or exchange all or any
part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any indebtedness thereunder
or evidenced thereby.

 

(c)              
Upon the request of the Administrative Agent following the occurrence and during the continuance of an Event of Default, each Grantor
will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Administrative Agent of any amounts
due or to become due thereunder.

 

(d)              
At any time following the occurrence and during the continuation of an Event of Default, the Administrative Agent may endorse,
in the name of such Grantor, any item, howsoever received by the Administrative Agent, representing any payment on or other Proceeds of
any of the Collateral.

 

Section 4.5           
As to Intellectual Property Collateral. Each Grantor covenants and agrees to comply with the following provisions as such
provisions relate to any Intellectual Property Collateral material to the operations or business of such Grantor:

 

(a)              
such Grantor will not (i) do or fail to perform any act whereby any of the Patent Collateral may lapse or become abandoned or dedicated
to the public or unenforceable, (ii) permit any of its licensees to (A) fail to continue to use any of the Trademark Collateral in order
to maintain all of the Trademark Collateral in full force free from any claim of abandonment for non-use, (B) fail to maintain the quality
of products and services offered under all of the Trademark Collateral at a level substantially consistent with the quality of products
and services offered under such Trademark as of the date hereof, (C) adopt or use any other Trademark which is confusingly similar or
a colorable imitation of any of the Trademark Collateral, (D) use any of the Trademark Collateral registered with any federal, state or
foreign authority except for the uses for which registration or application for registration of such Trademark Collateral has been made
or substantially related thereto or (E) do or permit any act or knowingly omit to do any act whereby any of the Trademark Collateral may
become invalid or unenforceable, or (iii) do or permit any act or knowingly omit to do any act whereby any of the Copyright Collateral
or any of the Trade Secrets Collateral may lapse or become invalid or unenforceable or placed in the public domain except upon expiration
of the end of an unrenewable term of a registration thereof, unless, in the case of any of the foregoing requirements in clauses (i),
(ii) and (iii), such Grantor reasonably and in good faith determines that either (x) such Intellectual Property Collateral
is of negligible economic value to such Grantor or (y) the loss of such Intellectual Property Collateral would not be material to such
Grantor;

 

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(b)              
such Grantor shall promptly notify the Administrative Agent if it knows, or has reason to know, that any application or registration
relating to any material item of the Intellectual Property Collateral may, in the Grantor’s reasonable commercial judgment, reasonably
be expected to become abandoned or dedicated to the public or placed in the public domain or invalid or unenforceable, or of any adverse
determination or development (including the institution of, or any such determination or development in, any proceeding in the United
States Patent and Trademark Office, the United States Copyright Office or any foreign counterpart thereof or any court) regarding such
Grantor’s ownership of any of the Intellectual Property Collateral, its right to register the same or to keep and maintain and enforce
the same;

 

(c)              
in no event will such Grantor or any of its agents, employees, designees or licensees file an application for the registration
of any Intellectual Property Collateral with the United States Patent and Trademark Office, the United States Copyright Office or any
similar office or agency in any other country or any political subdivision thereof, unless such Grantor promptly informs the Administrative
Agent in writing and, upon request of the Administrative Agent (subject to the terms of the Credit Agreement), executes and delivers all
agreements, instruments and documents as the Administrative Agent may reasonably request to evidence the Administrative Agent’s
security interest in such Intellectual Property Collateral;

 

(d)              
such Grantor will take all reasonable and necessary steps, including in any proceeding before the United States Patent and Trademark
Office, the United States Copyright Office or any similar office or agency in any other country or any political subdivision thereof (subject
to the terms of the Credit Agreement), to maintain and pursue any material application (and to obtain the relevant registration) filed
with respect to, and to maintain any registration of, material Intellectual Property Collateral, including the filing of applications
for renewal, affidavits of use, affidavits of incontestability and opposition, interference and cancellation proceedings and the payment
of fees and Taxes (except to the extent that dedication, abandonment or invalidation is permitted under the foregoing clauses (a)
or (b) or such Grantor reasonably and in good faith determines that the failure to take any such step would not have a material
adverse effect on the interests of the Administrative Agent in such Intellectual Property Collateral); and

 

(e)              
such Grantor will, on a quarterly basis, execute and deliver to the Administrative Agent (as applicable) a Patent Security Agreement,
Trademark Security Agreement and/or Copyright Security Agreement, as the case may be, in the forms of Exhibit A, Exhibit B
and Exhibit C hereto, respectively, following its obtaining an interest in any such Intellectual Property, and shall execute and
deliver to the Administrative Agent any other document reasonably required to evidence the Administrative Agent’s interest in any
part of such item of Intellectual Property Collateral unless such Grantor shall determine in good faith (with the consent of the Required
Lenders) that any Intellectual Property Collateral is of negligible economic value to such Grantor.

 

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Section 4.6           
As to Letter-of-Credit Rights.

 

(a)       Each
Grantor, by granting a security interest in its Letter-of-Credit Rights to the Administrative Agent, intends to (and hereby does) collaterally
assign to the Administrative Agent its rights (including its contingent rights ) to the Proceeds of all Letter-of-Credit Rights of which
it is or hereafter becomes a beneficiary or assignee.

 

(b)       Upon
the occurrence and during the continuation of an Event of Default, such Grantor will, promptly upon request by the Administrative Agent,
(i) notify (and such Grantor hereby authorizes the Administrative Agent to notify) the issuer and each nominated Person with respect to
each of the Letters of Credit of such Grantor that the Proceeds thereof have been assigned to the Administrative Agent hereunder and any
payments due or to become due in respect thereof are to be made directly to the Administrative Agent and (ii) arrange for the Administrative
Agent to become the transferee beneficiary of each such Letter of Credit.

 

Section 4.7           
As to Commercial Tort Claims. Each Grantor covenants and agrees that, until the payment in full of the Obligations and termination
of all Commitments, with respect to any Commercial Tort Claim hereafter arising, it shall deliver to the Administrative Agent a supplement
in form and substance reasonably satisfactory to the Required Lenders, together with all supplements to schedules thereto, identifying
such new Commercial Tort Claim.

 

Section 4.8           
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic
Chattel Paper or any “transferable record,” as that term is defined in Section 201 of the U.S. Federal Electronic Signatures
in Global and National Commerce Act, or in Section 16 of the U.S. Uniform Electronic Transactions Act as in effect in any relevant jurisdiction,
with a value in excess of $50,000, such Grantor shall promptly notify the Administrative Agent thereof and, at the request of the Administrative
Agent, shall take such action as the Administrative Agent may reasonably request to vest in the Administrative Agent control under Section
9-105 of the UCC of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National
Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such
transferable record. The Administrative Agent agrees with such Grantor that the Administrative Agent will arrange, pursuant to procedures
satisfactory to the Administrative Agent and so long as such procedures will not result in the Administrative Agent’s loss of control,
for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under Section 9-105 of the UCC or,
as the case may be, Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the U.S.
Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and
is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable
record.

 

Section 4.9           
Landlord Access Agreements. Each Grantor shall furnish to the Administrative Agent landlord access agreements, in form and
substance satisfactory to the Administrative Agent and the Origination Agent, from each landlord to such Grantor for (i) each real property
lease entered into by such Grantor after the date hereof for the location that is the headquarters of such Grantor and (ii) each real
property lease entered into by such Grantor after the date hereof where the fair market value of the Collateral at such location exceeds
$100,000.

 

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Section 4.10       
Further Assurances, Etc. Each Grantor agrees that, from time to time at its own expense, it will, subject to the terms of
this Security Agreement, promptly execute and deliver all further instruments and documents, and take all further action, that may be
necessary or that the Administrative Agent may reasonably request, in order to perfect, preserve and protect any security interest granted
or purported to be granted hereby or to enable the Administrative Agent to exercise and enforce its rights and remedies hereunder with
respect to any Collateral. Without limiting the generality of the foregoing, such Grantor will

 

(a)              
from time to time upon the request of the Administrative Agent, promptly deliver to the Administrative Agent such stock powers,
instruments and similar documents, reasonably satisfactory in form and substance to the Administrative Agent, with respect to such Collateral
as the Administrative Agent may request and will, from time to time upon the request of the Administrative Agent, after the occurrence
and during the continuation of any Event of Default, promptly transfer any securities constituting Collateral into the name of any nominee
designated by the Administrative Agent; if any Collateral shall be evidenced by an Instrument, negotiable Document, Promissory Note or
tangible Chattel Paper, deliver and pledge to the Administrative Agent hereunder such Instrument, negotiable Document, Promissory Note
or tangible Chattel Paper (other than any Instrument, negotiable Document, Promissory Note or tangible Chattel Paper in principal amount
less than $50,000) duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance reasonably
satisfactory to the Administrative Agent;

 

(b)              
file (and such Grantor hereby authorizes the Administrative Agent to file) such Financing Statements or continuation statements,
or amendments thereto, and such other instruments or notices (including any assignment of claim form under or pursuant to the federal
assignment of claims statute, 31 U.S.C. § 3727, any successor or amended version thereof or any regulation promulgated under or pursuant
to any version thereof), as may be necessary or that the Administrative Agent may reasonably request in order to perfect and preserve
the security interests and other rights granted or purported to be granted to the Administrative Agent, for the benefit of the Secured
Parties, hereby;

 

(c)              
at all times keep pledged to the Administrative Agent, for the benefit of the Secured Parties, pursuant hereto, on a first-priority
(subject to Permitted Liens), perfected basis, all Investment Property constituting Collateral, all dividends and Distributions with respect
thereto, and all interest and principal with respect to Promissory Notes constituting Collateral, and all Proceeds and rights from time
to time received by or distributable to such Grantor in respect of any of the foregoing Collateral;

 

(d)              
not take or omit to take any action the taking or the omission of which would result in any impairment or alteration of any obligation
of the maker of any Payment Intangible or other Instrument constituting Collateral, except as provided in Section 4.4 or under
the Loan Documents;

 

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(e)              
not create any tangible Chattel Paper without placing a legend on such tangible Chattel Paper reasonably acceptable to the Administrative
Agent indicating that the Administrative Agent has a security interest in such Chattel Paper (provided that so long as no Event of Default
is continuing, Chattel Paper and records relating to such Collateral for amounts in each case less than $50,000, need only be marked upon
the Administrative Agent’s request);

 

(f)               
furnish to the Administrative Agent, from time to time at the Administrative Agent’s reasonable request, statements and schedules
further identifying and describing the Collateral and such other reports in connection with the Collateral as the Administrative Agent
may reasonably request, all in reasonable detail; and

 

(g)              
do all things reasonably requested by the Administrative Agent in accordance with this Security Agreement in order to enable the
Administrative Agent to have and maintain control over the Collateral consisting of Investment Property, Deposit Accounts, Letter-of-Credit-Rights
and Electronic Chattel Paper.

 

With respect to the foregoing and the grant of
the security interest hereunder, each Grantor hereby authorizes the Administrative Agent to file one or more financing or continuation
statements, and amendments thereto, relative to all or any part of the Collateral. Each Grantor agrees that a carbon, photographic or
other reproduction of this Security Agreement or any UCC financing statement covering the Collateral or any part thereof shall be sufficient
as a UCC financing statement where permitted by Law. Each Grantor hereby authorizes the Administrative Agent to file financing statements
describing as the collateral covered thereby “all of the debtor’s personal property or assets” or words to that effect,
notwithstanding that such wording may be broader in scope than the Collateral described in this Security Agreement. Notwithstanding anything
else herein, the Administrative Agent shall not be liable for the preparation, filing or maintenance of any UCC or other applicable financing
statements or instruments, all of which shall be duties of the Grantors.

 

ARTICLE
V

THE ADMINISTRATIVE AGENT

 

Section 5.1           
Administrative Agent Appointed Attorney-in-Fact. Each Grantor hereby designates and appoints the Administrative Agent, on
behalf of the Secured Parties, and each of its designees or agents, as attorney-in-fact of such Grantor, irrevocably and with power of
substitution, with authority to take any or all of the following actions (and the Administrative Agent agrees to take any such specified
actions, upon the request of the Required Lenders) upon the occurrence and during the continuance of an Event of Default:

 

(a)              
to demand, collect, settle, compromise and adjust, and give discharges and releases concerning the Collateral, all as the Administrative
Agent may deem reasonably appropriate;

 

(b)              
to commence and prosecute any actions at any court for the purposes of collecting any of the Collateral and enforcing any other
right in respect thereof;

 

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(c)              
to defend, settle or compromise any action brought in respect of the Collateral and, in connection therewith, give such discharge
or release as the Administrative Agent may deem reasonably appropriate;

 

(d)              
to pay or discharge taxes, liens, security interests or other encumbrances levied or placed on or threatened against the Collateral;

 

(e)              
to direct any parties liable for any payment in connection with any of the Collateral to make payment of any and all monies due
and to become due thereunder directly to the Administrative Agent or as the Administrative Agent shall direct;

 

(f)               
to receive payment of and receipt for any and all monies, claims, and other amounts due and to become due at any time in respect
of or arising out of any Collateral;

 

(g)              
to sign and endorse any drafts, assignments, proxies, stock powers, verifications, notices and other documents relating to the
Collateral;

 

(h)              
to execute and deliver all assignments, conveyances, statements, financing statements, renewal financing statements, security and
pledge agreements, affidavits, notices and other agreements, instruments and documents that the Administrative Agent may deem reasonably
appropriate in order to perfect and maintain the security interests and liens granted in this Agreement and in order to fully consummate
all of the transactions contemplated therein;

 

(i)                
to exchange any of the Collateral or other property upon any merger, consolidation, reorganization, recapitalization or other readjustment
of the issuer thereof and, in connection therewith, deposit any of the Collateral with any committee, depository, transfer agent, registrar
or other designated agency upon such terms as the Administrative Agent may deem reasonably appropriate;

 

(j)                
to vote for a shareholder or member resolution, or to sign an instrument in writing, sanctioning the transfer of any or all of
the Collateral into the name of the Administrative Agent or one or more of the Secured Parties or into the name of any transferee to whom
the Collateral or any part thereof may be sold pursuant to Article VI hereof; and

 

(k)              
to do and perform all such other acts and things as the Administrative Agent may deem reasonably necessary or appropriate in connection
with the Collateral.

 

This power of attorney is a power coupled with an interest and shall
be irrevocable for so long as any of the Obligations (other than contingent indemnification obligations for which no claim has been asserted)
shall remain outstanding and until all of the commitments relating thereto shall have been terminated.  The Administrative Agent
shall be under no duty to exercise or withhold the exercise of any of the rights, powers, privileges and options expressly or implicitly
granted to the Administrative Agent in this Agreement (except as specifically instructed by the Required Lenders), and shall not be liable
for any failure to do so or any delay in doing so.  The Administrative Agent shall not be liable for any act or omission or for any
error of judgment or any mistake of fact or law in its individual capacity or its capacity as attorney-in-fact except acts or omissions
resulting from its gross negligence or willful misconduct.  This power of attorney is conferred on the Administrative Agent solely
to protect, preserve and realize upon its security interest in the Collateral.

 

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Section 5.2           
Assignment by the Administrative Agent. The Administrative Agent may from time to time assign the Collateral and any portion
thereof to a successor agent in accordance with the Credit Agreement, and the assignee shall be entitled to all of the rights and remedies
of the Administrative Agent under this Agreement in relation thereto.

 

Section 5.3           
The Administrative Agent’s Duty of Care. Other than the exercise of reasonable care to assure the safe custody of
the Collateral while being held by the Administrative Agent hereunder and to account for all proceeds thereof, the Administrative Agent
shall have no duty or liability to preserve rights pertaining thereto, it being understood and agreed that the Grantors shall be responsible
for preservation of all rights in the Collateral, and the Administrative Agent shall be relieved of all responsibility for the Collateral
upon surrendering it or tendering the surrender of it to the Grantors.  The Administrative Agent shall be deemed to have exercised
reasonable care in the custody and preservation of the Collateral in its possession if such Collateral is accorded treatment substantially
equal to that which the Administrative Agent accords its own property, which shall be no less than the treatment employed by a reasonable
and prudent agent in the industry, it being understood that the Administrative Agent shall not have responsibility for (i) ascertaining
or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to any Collateral, whether
or not the Administrative Agent has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights
against any parties with respect to any of the Collateral. The provisions of Article XI of the Credit Agreement, including the rights,
privileges, protections, benefits, indemnities and immunities of the Administrative Agent are incorporated herein, mutatis mutandis,
as if a part hereof, and shall also apply to the Administrative Agent acting under or in connection with this Agreement.

 

Section 5.4           
Release of Collateral. The Administrative Agent, upon the direction of the Required Lenders, may release any of the Collateral
from this Security Agreement or may substitute any of the Collateral for other Collateral without altering, varying or diminishing in
any way the force, effect, lien, pledge or security interest of this Agreement as to any Collateral not expressly released or substituted,
and this Agreement shall continue as a first priority lien on all Collateral not expressly released or substituted.

 

Section 5.5           
Application of Proceeds. Upon the occurrence and during the continuation of an Event of Default, any payments in respect
of the Secured Obligations and any proceeds of the Collateral, when received by the Administrative Agent or any of the Secured Parties
in cash or its equivalent, will be applied in reduction of the Obligations in the order set forth in Section 9.04 of the Credit Agreement,
and each Grantor irrevocably waives the right to direct the application of such payments and proceeds and acknowledges and agrees that
the Administrative Agent shall have the continuing and exclusive right to apply and reapply any and all such payments and proceeds in
the Administrative Agent’s sole discretion, notwithstanding any entry to the contrary upon any of its books and records.

 

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ARTICLE
VI

REMEDIES

 

Section 6.1           
Certain Remedies. If any Event of Default shall have occurred and be continuing:

 

(a)              
The Administrative Agent may (and shall, as directed by the Required Lenders) exercise in respect of the Collateral, in addition
to other rights and remedies provided for herein or otherwise available to it, all the rights and remedies of the Administrative Agent
on default under the UCC (whether or not the UCC applies to the affected Collateral) and also may (and shall, as directed by the Required
Lenders):

 

(i)                
take possession of any Collateral not already in its possession without demand and without legal process;

 

(ii)             
require each Grantor to, and each Grantor hereby agrees that it will, at its expense and upon request of the Administrative Agent
forthwith, assemble all or part of the Collateral as directed by the Administrative Agent and make it available to the Administrative
Agent at a place to be designated by the Administrative Agent that is reasonably convenient to both parties,

 

(iii)           
enter onto the property where any Collateral is located and take possession thereof without demand and without legal process; and

 

(iv)            
without notice except as specified below, lease, license, sell or otherwise dispose of the Collateral or any part thereof in one
or more parcels at any public or private sale, at 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. Each Grantor agrees that,
to the extent notice of sale shall be required by Law, at least ten (10) days’ prior notice to such Grantor 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 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, without
further notice, be made at the time and place to which it was so adjourned.

 

(b)              
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 Collateral shall be applied by the Administrative Agent against all or any part of the Obligations as set forth in
Section 4.4(b) of the Credit Agreement.

 

(c)              
The Administrative Agent may (and shall, as directed by the Required Lenders):

 

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(i)                
transfer all or any part of the Collateral into the name of the Administrative Agent or its nominee, with or without disclosing
that such Collateral is subject to the Lien hereunder;

 

(ii)             
notify the parties obligated on any of the Collateral to make payment to the Administrative Agent of any amount due or to become
due thereunder;

 

(iii)           
withdraw, or cause or direct the withdrawal, of all funds with respect to any Collateral Account;

 

(iv)            
enforce collection of any of the Collateral by suit or otherwise, and surrender, release or exchange all or any part thereof, or
compromise or extend or renew for any period (whether or not longer than the original period) any obligations of any nature of any party
with respect thereto;

 

(v)              
endorse any checks, drafts, or other writings in any Grantor’s name to allow collection of the Collateral;

 

(vi)            
take control of any Proceeds of the Collateral; and

 

(vii)         
execute (in the name, place and stead of any Grantor) endorsements, assignments, stock powers and other instruments of conveyance
or transfer with respect to all or any of the Collateral.

 

Section 6.2           
Securities Laws. If the Administrative Agent shall determine to exercise its right pursuant to Section 6.1(a)(iv)
to sell all or any of the Collateral that are Capital Securities, each Grantor agrees that, upon request of the Administrative Agent,
such Grantor will, at its own expense:

 

(a)              
execute and deliver, and cause (or, with respect to any issuer which is not a Subsidiary of such Grantor, use its best efforts
to cause) each issuer of the Collateral contemplated to be sold and the directors and officers thereof to execute and deliver, all such
instruments and documents, and do or cause to be done all such other acts and things, as may be necessary or, in the opinion of the Administrative
Agent, the Origination Agent or the Required Lenders, advisable to register such Collateral under the provisions of the Securities Act
of 1933, as from time to time amended, and the rules and regulations of the SEC thereunder (the “Securities Act”),
and cause the registration statement relating thereto to become effective and to remain effective for such period as prospectuses are
required by Law to be furnished, and to make all amendments and supplements thereto and to the related prospectus which, in the opinion
of the Administrative Agent, the Origination Agent or the Required Lenders, are necessary or advisable, all in conformity with the requirements
of the Securities Act and the rules and regulations of the SEC applicable thereto;

 

(b)              
use its best efforts to exempt the Collateral under the state securities or “Blue Sky” laws and to obtain all necessary
approvals of the applicable Governmental Authorities for the sale of the Collateral, as requested by the Administrative Agent;

 

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(c)              
cause (or, with respect to any issuer that is not a Subsidiary of such Grantor, use its commercially reasonable efforts to cause)
each such issuer to make available to its security holders, as soon as practicable, an earnings statement that will satisfy the provisions
of Section 11(a) of the Securities Act; and

 

(d)              
do or cause to be done all such other acts and things as may be necessary to make such sale of the Collateral or any part thereof
valid and binding and in compliance with applicable Law.

 

Section 6.3           
Compliance with Restrictions. Each Grantor agrees that in any sale of any of the Collateral whenever an Event of Default
shall have occurred and be continuing, the Administrative Agent is hereby authorized to comply with any limitation or restriction in connection
with such sale as it may be advised by counsel is necessary in order to avoid any violation of applicable Law (including compliance with
such procedures as may restrict the number of prospective bidders and purchasers, require that such prospective bidders and purchasers
have certain qualifications, and restrict such prospective bidders and purchasers to Persons who will represent and agree that they are
purchasing for their own account for investment and not with a view to the distribution or resale of such Collateral), or in order to
obtain any required approval of the sale or of the purchaser by any Governmental Authority or official, and such Grantor further agrees
that such compliance shall not result in such sale being considered or deemed not to have been made in a commercially reasonable manner,
nor shall the Administrative Agent be liable nor accountable to such Grantor for any discount allowed by the reason of the fact that such
Collateral is sold in compliance with any such limitation or restriction.

 

Section 6.4           
Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which any Grantor
fails to perform after being requested in writing so to perform and is required to do so under this Agreement (it being understood that
no such request need be made after the occurrence and during the continuation of an Event of Default) and the Administrative Agent may
from time to time take any other action which the Administrative Agent, the Origination Agent or the Required Lenders deems necessary
for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

 

ARTICLE
VII

MISCELLANEOUS PROVISIONS

 

Section 7.1           
Loan Document. This Security Agreement is a Loan Document executed pursuant to the Credit Agreement and shall (unless otherwise
expressly indicated herein) be construed, administered and applied in accordance with the terms and provisions thereof, including Article
X thereof.

 

Section 7.2           
Binding on Successors, Transferees and Assigns; Assignment. This Security Agreement shall remain in full force and effect
until the Termination Date has occurred, shall be binding upon the Grantors and their successors, transferees and assigns and shall inure
to the benefit of and be enforceable by the Administrative Agent and the Secured Parties; provided that no Grantor may assign or
transfer any of its rights or obligations hereunder without the prior consent of the Required Lenders.

 

    E-27 

     

    

Section 7.3           
Amendments, Etc. No amendment or modification to or waiver of any provision of this Security Agreement, nor consent to any
departure by any Grantor from its obligations under this Security Agreement, shall in any event be effective unless the same shall be
in writing and signed by the Lender and the Grantors and then such waiver or consent shall be effective only in the specific instance
and for the specific purpose for which given.

 

Section 7.4           
Notices. All notices and other communications provided for hereunder shall be delivered or made as provided in Section 10.2
of the Credit Agreement.

 

Section 7.5           
Release of Liens. Upon (a) the Disposition of Collateral to a Person that is not a Grantor or a Subsidiary of a Grantor
in accordance with the Credit Agreement or (b) the occurrence of the Termination Date, the security interests granted herein shall automatically
terminate with respect to (i) such Collateral (in the case of clause (a)) or (ii) all Collateral (in the case of clause (b)).
Upon any such Disposition or termination, the Administrative Agent will, at the Grantors’ sole expense, deliver to the Grantors,
without any representations, warranties or recourse of any kind whatsoever, all Collateral held by the Administrative Agent hereunder,
and execute and deliver to the Grantors such documents as the Grantors shall reasonably request to evidence such termination.

 

Section 7.6           
Additional Grantors. Upon the execution and delivery by any other Person of a supplement in the form of Annex I hereto,
such Person shall become a “Grantor” hereunder with the same force and effect as if it were originally a party to this Security
Agreement and named as a “Grantor” hereunder. The execution and delivery of such supplement shall not require the consent
of any other Grantor hereunder, and the rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding
the addition of any new Grantor as a party to this Security Agreement.

 

Section 7.7           
No Waiver, Remedies. In addition to, and not in limitation of Section 2.5, no failure on the part of the Administrative
Agent to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein
provided are cumulative and not exclusive of any remedies provided by law.

 

Section 7.8           
Severability. Any provision of this Security Agreement which is prohibited or unenforceable in any jurisdiction shall, as
to such provision and such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without invalidating
the remaining provisions of this Security Agreement or affecting the validity or enforceability of such provision in any other jurisdiction.

 

Section 7.9           
Governing Law, Entire Agreement, Etc. THIS SECURITY AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER
IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT OR ANY DOCUMENT

 

    E-28 

     

    

CONTEMPLATED
HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE
SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK) WITHOUT REGARD TO ANY CHOICE OR CONFLICT OF LAWS
PROVISIONS OR RULES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION. This Security Agreement, along with the
other Loan Documents, constitutes the entire understanding among the parties hereto with respect to the subject matter thereof and supersedes
any prior agreements, written or oral, with respect thereto

 

Section 7.10       
Counterparts. This Security Agreement may be executed by the parties hereto in several counterparts, each of which shall
be an original and all of which shall constitute together but one and the same agreement. This Security Agreement shall become effective
when counterparts hereof executed on behalf of all of the signatories hereto, shall have been received by the Administrative Agent. Delivery
of an executed counterpart of a signature page to this Security Agreement by email (in “pdf,” “tiff” or similar
format) or telecopy shall be effective as delivery of a manually executed counterpart of this Security Agreement.

 

Section 7.11       
Rights of Required Lenders. If the Administrative Agent has a right to take or omit to take any action hereunder, it shall
exercise such right if so instructed by the Required Lenders. With respect to any discretion, consent, approval or similar such action
to be made, taken, omitted to be taken or determined by the Administrative Agent under this Agreement (each an “Agent Determination”),
such Agent Determination shall be made by Administrative Agent at the direction of the Requisite Lenders. If the Administrative Agent
has resigned and no successor agent has been appointed pursuant to Section 10.10 of the Credit Agreement, all rights of the Administrative
Agent hereunder may be exercised by the Required Lenders.

 

Section 7.12       
Forum Selection and Consent to Jurisdiction. ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH,
THIS SECURITY AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE SECURED PARTIES
OR ANY GRANTOR IN CONNECTION HEREWITH SHALL BE BROUGHT AND MAINTAINED IN THE COURTS OF THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK
IN THE STATE OF NEW YORK OR IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK; PROVIDED THAT ANY SUIT
SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT THE ADMINISTRATIVE AGENT’S OR THE LENDERS’
OPTION, IN THE COURTS OF ANY JURISDICTION WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. THE SECURED PARTIES AND EACH GRANTOR IRREVOCABLY
CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK
AT THE ADDRESS FOR NOTICES SPECIFIED IN SECTION 10.2 OF THE CREDIT AGREEMENT. THE SECURED PARTIES AND EACH GRANTOR HEREBY EXPRESSLY AND
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY HAVE OR HEREAFTER MAY HAVE TO THE LAYING OF VENUE
OF ANY SUCH LITIGATION

 

    E-29 

     

    

BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY
SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT THE SECURED PARTIES OR ANY GRANTOR HAS OR HEREAFTER MAY
ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO
JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, THE SECURED PARTIES, AND SUCH GRANTOR,
EACH ON ITS OWN BEHALF, HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER
THIS SECURITY AGREEMENT.

 

Section 7.13       
Waiver of Jury Trial

 

. THE SECURED PARTIES AND EACH GRANTOR HEREBY KNOWINGLY, VOLUNTARILY
AND INTENTIONALLY WAIVE TO THE FULLEST EXTENT PERMITTED BY LAW ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION
BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS SECURITY AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS
(WHETHER ORAL OR WRITTEN) OR ACTIONS OF ANY SECURED PARTY OR ANY GRANTOR IN CONNECTION HEREWITH. EACH GRANTOR ACKNOWLEDGES AND AGREES
THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION (AND EACH OTHER PROVISION OF EACH OTHER LOAN DOCUMENT TO WHICH
IT IS A PARTY) AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE SECURED PARTIES TO ENTER INTO THE LOAN DOCUMENTS.

 

[Signature Page Follows]

 

    E-30 

     

    

IN WITNESS WHEREOF, each of the parties hereto
has caused this Security Agreement to be duly executed and delivered by its Authorized Officer as of the date first above written.

 

 

	 	ACUTUS
MEDICAL, INC.

 

By:_________________________________

Name:

Title:

 

WILMINGTON
TRUST, NATIONAL ASSOCIATION

as Administrative Agent

 

By:____________________________________

Name:

Title:

 

 

 

 

Signature Page to Security Agreement

 

     

     

    

EXHIBIT A

to Security Agreement

 

PATENT SECURITY AGREEMENT

 

This PATENT SECURITY AGREEMENT, dated as of ________
__, 20__ (this “Agreement”), is made by [NAME OF GRANTOR], a ________ _______ (the “Grantor”), in
favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, as Administrative Agent (in such capacity, the “Administrative Agent”)
for the Secured Parties.

 

W I T N E S S E T H :

 

WHEREAS, pursuant to the Credit Agreement, dated
as of May 20, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”),
by and between the Borrower, the Lenders (as defined therein), OrbiMed Royalty Opportunities II, LP, as Origination Agent, and the Administrative
Agent, the Lenders have extended Commitments to make Loans to the Borrower;

 

WHEREAS, in connection with the Credit Agreement,
the Grantor and its Affiliates have executed and delivered a Pledge and Security Agreement in favor of the Administrative Agent, for the
benefit of the Secured Parties, dated as of May 20, 2019 (as amended, supplemented or otherwise modified from time to time, the “Security
Agreement”);

 

WHEREAS, pursuant to the Credit Agreement and pursuant
to clause (e) of Section 4.5 of the Security Agreement, the Grantor is required to execute and deliver this Agreement and to grant to
the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in all of the Patent Collateral (as defined
below) to secure all of the Obligations; and

 

WHEREAS, the Grantor has duly authorized the execution,
delivery and performance of this Agreement;

 

NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Grantor agrees, for the benefit of the Administrative Agent, as follows:

 

Section 1                 
Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including
its preamble and recitals, have the meanings provided (or incorporated by reference) in the Security Agreement.

 

Section 2                 
Grant of Security Interest. The Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties,
a continuing security interest in all of the Grantor’s right, title and interest in and to the following property, whether now or
hereafter existing or acquired by the Grantor (the “Patent Collateral”):

 

(a)        all
of its letters patent and applications for letters patent throughout the world, including each patent and patent application referred
to in Item A of Schedule I attached hereto;

 

     

     

    

(b)        all
reissues, divisions, continuations, continuations-in-part, extensions, renewals and reexaminations of any of the items described in clause
(a);

 

(c)        all
patent licenses and other agreements providing the Grantor with the right to use any items of the type referred to in clauses (a) and
(b) above, including each exclusive patent license referred to in Item B of Schedule I attached hereto; and

 

(d)        all
Proceeds of, and rights associated with, the foregoing (including licenses, royalties income, payments, claims, damages and Proceeds of
infringement suits) and the right to sue third parties for past, present or future infringements of any patent or patent application and
for breach or enforcement of any patent license.

 

Section 3                 
Security Agreement. This Agreement has been executed and delivered by the Grantor for the purpose of registering the security
interest of the Administrative Agent in the Patent Collateral with the United States Patent and Trademark Office. The security interest
granted hereby has been granted in furtherance of, and not in limitation of, the security interest granted to the Administrative Agent
for the benefit of the Secured Parties under the Security Agreement. The Security Agreement (and all rights and remedies of the Secured
Parties thereunder) shall remain in full force and effect in accordance with its terms.

 

Section 4                 
Release of Liens. Upon (a) the Disposition of Patent Collateral in accordance with the Credit Agreement or (b) the occurrence
of the Termination Date, the security interests granted herein shall automatically terminate with respect to (i) such Patent Collateral
(in the case of clause (a)) or (ii) all Patent Collateral (in the case of clause (b)). Upon any such Disposition or termination,
the Administrative Agent will, at the Grantor’s sole expense, deliver to the Grantor, without any representations, warranties or
recourse of any kind whatsoever, all Patent Collateral held by the Administrative Agent hereunder, and execute and deliver to the Grantor
such documents as the Grantor shall reasonably request to evidence such termination.

 

Section 5                 
Acknowledgment. The Grantor does hereby further acknowledge and affirm that the rights and remedies of the Secured Parties
with respect to the security interest in the Patent Collateral granted hereby are more fully set forth in the Security Agreement, the
terms and provisions of which (including the remedies provided for therein) are incorporated by reference herein as if fully set forth
herein.

 

Section 6                 
Loan Document. This Agreement is a Loan Document executed pursuant to the Credit Agreement and shall (unless otherwise expressly
indicated herein) be construed, administered and applied in accordance with the terms and provisions thereof, including Article X
thereof.

 

Section 7                 
Effectiveness. This Agreement shall become effective when a counterpart hereof executed by the Grantor, shall have been
received by the Administrative Agent. Delivery of an executed counterpart of a signature page to this Agreement by email (in “pdf,”
“tiff” or similar format) or telecopy shall be effective as delivery of a manually executed counterpart of this Agreement.

 

[Signature Page Follows]

 

     

     

    

IN WITNESS WHEREOF, the Grantor hereto has caused
this Agreement to be duly executed and delivered by its Authorized Officer as of the date first above written.

 

  

 

	 	[NAME OF
GRANTOR]

 

By:_________________________________

Name:

Title:

 

 

 

 

Signature Page to Patent Security Agreement

 

     

     

    

SCHEDULE I

to Patent Security Agreement

 

Item A. Patents

 

Issued Patents

 

	Country	Patent No.	Issue Date	Inventor(s)	Title
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Pending Patent Applications
	 
	Country	Serial No.	Filing Date	Inventor(s)	Title
	 	 	 	 	 
	 	 	 	 	 

Patent Applications in Preparation

 

	 		Expected	 	 
	Country	Docket No.	Filing Date	Inventor(s)	Title

 

 

Item B. Exclusive Patent Licenses

 

	Country or			Effective	Expiration	Subject
	 Territory 	Licensor	Licensee	    Date    	     Date    	Matter

 

 

 

     

     

    

EXHIBIT B

to Security Agreement

 

TRADEMARK SECURITY
AGREEMENT

 

This TRADEMARK SECURITY AGREEMENT, dated as of
________ __, 20__ (this “Agreement”), is made by [NAME OF GRANTOR], a ________ _______ (the “Grantor”),
in favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, as Administrative Agent (in such capacity, the “Administrative Agent”)
for the Secured Parties.

 

W I T N E S S E T H :

 

WHEREAS, pursuant to the Credit Agreement, dated
as of May 20, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”),
by and between the Borrower, the Lenders (as defined therein), OrbiMed Royalty Opportunities II, LP, as Origination Agent, and the Administrative
Agent, the Lenders have extended Commitments to make Loans to the Borrower;

 

WHEREAS, in connection with the Credit Agreement,
the Grantor and its Affiliates have executed and delivered a Pledge and Security Agreement in favor of the Administrative Agent, dated
as of May 20, 2019 (as amended, supplemented, or otherwise modified from time to time, the “Security Agreement”);

 

WHEREAS, pursuant to the Credit Agreement and pursuant
to clause (e) of Section 4.5 of the Security Agreement, the Grantor is required to execute and deliver this Agreement and to grant to
the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in all of the Trademark Collateral (as
defined below) to secure all of the Obligations; and

 

WHEREAS, the Grantor has duly authorized the execution,
delivery and performance of this Agreement;

 

NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Grantor agrees, for the benefit of each Lender, as follows:

 

Section 1                 
Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including
its preamble and recitals, have the meanings provided (or incorporated by reference) in the Security Agreement.

 

Section 2                 
Grant of Security Interest. The Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties,
a continuing security interest in all of Grantor’s right, title and interest in and to the following property, whether now or hereafter
existing or acquired by the Grantor (the “Trademark Collateral”):

 

(a)        (i)
all of its trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks,
certification marks, collective marks, logos and other source or business identifiers, and all goodwill of the business associated therewith,
including those referred to in Item A of Schedule I

 

     

     

    

hereto,
whether currently in use or not, all registrations and recordings thereof and all applications in connection therewith, whether pending
or filed, including registrations, recordings and applications in the United States Patent and Trademark Office or in any office or agency
of the United States of America or any state thereof, and all common-law rights relating to the foregoing, and (ii) the right to obtain
all reissues, extensions or renewals of the foregoing (collectively referred to as the “Trademarks”);

 

(b)        all
Trademark licenses for the grant by or to the Grantor of any right to use any Trademark, including each exclusive Trademark license referred
to in Item B of Schedule I hereto;

 

(c)        all
of the goodwill of the business connected with the use of, and symbolized by the items described in, clause (a), and to the extent applicable
clause (b);

 

(d)        the
right to sue third parties for past, present and future infringements of any Trademark Collateral described in clause (a) and, to the
extent applicable, clause (b); and

 

(e)        all
Proceeds of, and rights associated with, the foregoing, including any claim by the Grantor against third parties for past, present or
future infringement or dilution of any Trademark, Trademark registration or Trademark license, or for any injury to the goodwill associated
with the use of any such Trademark or for breach or enforcement of any Trademark license and all rights corresponding thereto throughout
the world.

 

Section 3                 
Security Agreement. This Agreement has been executed and delivered by the Grantor for the purpose of registering the security
interest of the Administrative Agent in the Trademark Collateral with the United States Patent and Trademark Office. The security interest
granted hereby has been granted in furtherance of, and not in limitation of, the security interest granted to the Administrative Agent
for the benefit of the Secured Parties under the Security Agreement. The Security Agreement (and all rights and remedies of the Secured
Parties thereunder) shall remain in full force and effect in accordance with its terms.

 

Section 4                 
Release of Liens. Upon (a) the Disposition of Trademark Collateral in accordance with the Credit Agreement or (b) the occurrence
of the Termination Date, the security interests granted herein shall automatically terminate with respect to (i) such Trademark Collateral
(in the case of clause (a)) or (ii) all Trademark Collateral (in the case of clause (b)). Upon any such Disposition or termination,
the Administrative Agent will, at the Grantor’s sole expense, deliver to the Grantor, without any representations, warranties or
recourse of any kind whatsoever, all Trademark Collateral held by the Administrative Agent hereunder, and execute and deliver to the Grantor
such documents as the Grantor shall reasonably request to evidence such termination.

 

Section 5                 
Acknowledgment. The Grantor does hereby further acknowledge and affirm that the rights and remedies of the Secured Parties
with respect to the security interest in the Trademark Collateral granted hereby are more fully set forth in the Security Agreement, the
terms and provisions of which (including the remedies provided for therein) are incorporated by reference herein as if fully set forth
herein.

 

     

     

    

Section 6                 
Loan Document. This Agreement is a Loan Document executed pursuant to the Credit Agreement and shall (unless otherwise expressly
indicated herein) be construed, administered and applied in accordance with the terms and provisions thereof, including Article X thereof.

 

Section 7                 
Effective. This Agreement shall become effective when a counterpart hereof executed by the Grantor, shall have been received
by the Administrative Agent. Delivery of an executed counterpart of a signature page to this Agreement by email (in “pdf,”
“tiff” or similar format) or telecopy shall be effective as delivery of a manually executed counterpart of this Agreement.

 

[Signature Page Follows]

 

     

     

    

IN WITNESS WHEREOF, the Grantor hereto has caused
this Agreement to be duly executed and delivered by Authorized Officer as of the date first above written.

 

 

	 	
    [name of grantor]

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

 

Signature Page to Trademark Security Agreement

 

 

     

     

    

SCHEDULE I

to Trademark Security Agreement

 

Item A. Trademarks

 

 

 

Registered Trademarks

 

	Country	Trademark	Registration No.	Registration Date
	 	 	 	 
	 	 	 	 

Pending Trademark Applications

 

	Country	Trademark	Serial No.	Filing Date

Trademark Applications in Preparation

 

	 			Expected	Products/
	Country	Trademark	Docket No.	Filing Date	Services  

 

 

Item B. Exclusive Trademark Licenses

 

	Country or			 	Effective	Expiration
	 Territory 	Trademark	Licensor	Licensee	     Date    	      Date    

 

 

 

     

     

    

EXHIBIT C

to Security Agreement

 

COPYRIGHT SECURITY
AGREEMENT

 

This COPYRIGHT SECURITY AGREEMENT, dated as of
________ __, 20__ (this “Agreement”), is made by [NAME OF GRANTOR], a ________ _______ (the “Grantor”),
in favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, as Administrative Agent (in such capacity, the “Administrative Agent”)
for the Secured Parties.

 

W I T N E S S E T H :

 

WHEREAS, pursuant to the Credit Agreement, dated
as of May 20, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”),
by and between the Borrower, the Lenders (as defined therein), OrbiMed Royalty Opportunities II, LP, as Origination Agent, and the Administrative
Agent, the Lenders have extended Commitments to make Loans to the Borrower;

 

WHEREAS, in connection with the Credit Agreement,
the Grantor and its Affiliates have executed and delivered a Pledge and Security Agreement in favor of the Administrative Agent, dated
as of May 20, 2019 (as amended, supplemented, or otherwise modified from time to time, the “Security Agreement”);

 

WHEREAS, pursuant to the Credit Agreement and pursuant
to clause (e) of Section 4.5 of the Security Agreement, the Grantor is required to execute and deliver this Agreement and to grant to
the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in all of the Copyright Collateral (as
defined below) to secure all of the Obligations; and

 

WHEREAS, the Grantor has duly authorized the execution,
delivery and performance of this Agreement;

 

NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Grantor agrees, for the benefit of the Administrative Agent, as follows:

 

     

     

    

Section 1                 
Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including
its preamble and recitals, have the meanings provided (or incorporated by reference) in the Security Agreement.

 

Section 2                 
Grant of Security Interest. The Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties,
a continuing security interest in all of the Grantor’s right, title and interest in and to the following (the “Copyright
Collateral”), whether now or hereafter existing or acquired by the Grantor: all copyrights of the Grantor, whether statutory
or common law, whether registered or unregistered and whether published or unpublished, now or hereafter in force throughout the world
including all of the Grantor’s right, title and interest in and to all copyrights registered in the United States Copyright Office
or anywhere else in the world including the copyrights referred to in Item A of Schedule I hereto,

 

     

     

    

and registrations
and recordings thereof and all applications for registration thereof, whether pending or in preparation, all copyright licenses, including
each exclusive copyright license referred to in Item B of Schedule I hereto, the right to sue for past, present and future
Infringements of any of the foregoing, all rights corresponding thereto, all extensions and renewals of any thereof and all Proceeds
of the foregoing, including licenses, royalties, income, payments, claims, damages and Proceeds of suit.

 

Section 3                 
Security Agreement. This Agreement has been executed and delivered by the Grantor for the purpose of registering the security
interest of the Administrative Agent in the Copyright Collateral with the United States Copyright Office. The security interest granted
hereby has been granted in furtherance of, and not in limitation of, the security interest granted to the Administrative Agent for the
benefit of the Secured Parties under the Security Agreement. The Security Agreement (and all rights and remedies of the Secured Parties
thereunder) shall remain in full force and effect in accordance with its terms.

 

Section 4                 
Release of Liens. Upon (a) the Disposition of Copyright Collateral in accordance with the Credit Agreement or (b) the occurrence
of the Termination Date, the security interests granted herein shall automatically terminate with respect to (i) such Copyright Collateral
(in the case of clause (a)) or (ii) all Copyright Collateral (in the case of clause (b)). Upon any such Disposition or termination,
the Administrative Agent will, at the Grantor’s sole expense, deliver to the Grantor, without any representations, warranties or
recourse of any kind whatsoever, all Copyright Collateral held by the Administrative Agent hereunder, and execute and deliver to the Grantor
such documents as the Grantor shall reasonably request to evidence such termination.

 

Section 5                 
Acknowledgment. The Grantor does hereby further acknowledge and affirm that the rights and remedies of the Secured Parties
with respect to the security interest in the Copyright Collateral granted hereby are more fully set forth in the Security Agreement, the
terms and provisions of which (including the remedies provided for therein) are incorporated by reference herein as if fully set forth
herein.

 

Section 6                 
Loan Document. This Agreement is a Loan Document executed pursuant to the Credit Agreement and shall (unless otherwise expressly
indicated herein) be construed, administered and applied in accordance with the terms and provisions thereof, including Article X thereof.

 

Section 7                 
Effective. This Agreement shall become effective when a counterpart hereof executed by the Grantor, shall have been received
by the Administrative Agent. Delivery of an executed counterpart of a signature page to this Agreement by email (in “pdf,”
“tiff” or similar format) or telecopy shall be effective as delivery or a manually executed counterpart of this Agreement.

 

[Signature Page Follows]

 

     

     

    

IN WITNESS WHEREOF, the Grantor hereto has caused
this Agreement to be duly executed and delivered by its Authorized Officer as of the date first above written.

 

 

	 	
    [name of grantor]

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

Signature Page to Copyright Security Agreement

 

 

     

     

    

SCHEDULE I

to Copyright Security Agreement

 

Item A. Copyrights/Mask Works

 

Registered Copyrights/Mask Works

 

	Country	Registration No.	Registration Date	Author(s)	Title
	 	 	 	 	 
	 	 	 	 	 

Copyright/Mask Work Pending Registration Applications

 

	Country	Serial No.	Filing Date	Author(s)	Title
	 	 	 	 	 
	 	 	 	 	 

Copyright/Mask Work Registration Applications
in Preparation

 

	 		Expected	 	 
	Country	Docket No.	Filing Date	Author(s)	Title

 

 

Item B. Exclusive Copyright/Mask Work Licenses

 

	Country or	 	 	Effective	Expiration
	 Territory 	Licensor	Licensee	    Date      	    Date        

 

 

 

     

     

    

ANNEX I

to Security Agreement

 

SUPPLEMENT TO

 

PLEDGE AND SECURITY
AGREEMENT

 

This SUPPLEMENT, dated as of ____________ ___,
20__ (this “Supplement”), is to the Pledge and Security Agreement, dated as of May 20, 2019 (as amended, supplemented,
amended and restated or otherwise modified from time to time, the “Security Agreement”), by and among ACUTUS MEDICAL,
INC., a Delaware corporation (the “Borrower” and together with any other entity that may become a party hereto as provided
herein, each a “Grantor” and, collectively, the “Grantors”) and WILMINGTON TRUST, NATIONAL ASSOCIATION
(together with its Affiliates, successors, transferees and assignees), as Administrative Agent (in such capacity, the “Administrative
Agent”) for the Secured Parties (defined below).

 

W I T N E S S E T H :

 

WHEREAS, pursuant to the Credit Agreement, dated
as of May 20, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”),
by and between the Borrower, the Lenders (as defined therein), OrbiMed Royalty Opportunities II, LP, as Origination Agent, and the Administrative
Agent, the Lenders have extended Commitments to make Loans to the Borrower; and

 

WHEREAS, pursuant to the provisions of Section
7.6 of the Security Agreement, each of the undersigned is becoming a Grantor under the Security Agreement; and

 

WHEREAS, each of the undersigned desires to become
a “Grantor” under the Security Agreement in order to induce the Lenders to continue to extend Loans under the Credit Agreement;

 

NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, each of the undersigned agrees, for the benefit of the Secured Parties, as
follows.

 

Section 1                 
Party to Security Agreement, Etc. In accordance with the terms of the Security Agreement, by its signature below, each of
the undersigned hereby irrevocably agrees to become a Grantor under the Security Agreement with the same force and effect as if it were
an original signatory thereto and each of the undersigned hereby (a) agrees to be bound by and comply with all of the terms and provisions
of the Security Agreement applicable to it as a Grantor and (b) represents and warrants that the representations and warranties made by
it as a Grantor thereunder are true and correct as of the date hereof, unless stated to relate solely to an earlier date, in which case
such representations and warranties shall be true and correct as of such earlier date. In furtherance of the foregoing, each reference
to a “Grantor” or “Grantors” in the Security Agreement shall be deemed to include each of the undersigned.

 

     

     

    

Section 2                 
Schedules. Each of the undersigned hereby authorizes the Administrative Agent to add the information set forth on the Schedules
to this Supplement to the correlative Schedules attached to the Disclosure Letter.

 

Section 3                 
Representations. Each of the undersigned hereby represents and warrants that this Supplement has been duly authorized, executed
and delivered by it and that this Supplement and the Security Agreement constitute its legal, valid and binding obligation, enforceable
against it in accordance with its terms.

 

Section 4                 
Full Force of Security Agreement. Except as expressly supplemented hereby, the Security Agreement shall remain in full force
and effect in accordance with its terms.

 

Section 5                 
Severability. Wherever possible each provision of this Supplement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Supplement shall be prohibited by or invalid under such law, such provision
shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining
provisions of this Supplement or the Security Agreement.

 

Section 6                 
Governing Law, Entire Agreement, Etc. THIS SUPPLEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN
CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT OR ANY DOCUMENT CONTEMPLATED HEREBY SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401
AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK) WITHOUT REGARD TO ANY CHOICE OR CONFLICT OF LAWS PROVISIONS OR RULES
THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION. This Supplement, along with the other Loan Documents, constitutes
the entire understanding among the parties hereto with respect to the subject matter thereof and supersedes any prior agreements, written
or oral, with respect thereto.

 

Section 7                 
Effectiveness. This Supplement shall become effective when a counterpart hereof executed by the Grantor shall have been
received by the Administrative Agent. Delivery of an executed counterpart of a signature page to this Supplement by email (in “pdf,”
“tiff” or similar format) or telecopy shall be effective as delivery of a manually executed counterpart of this Supplement.

 

[Signature Page Follows]

 

     

     

    

IN WITNESS WHEREOF, each of the parties hereto
has caused this Supplement to be duly executed and delivered by its Authorized Officer as of the date first above written.

 

 

 

	 	
    [name of additional subsidiary]

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

	 	
    [name of additional subsidiary]

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

 

Signature Page to Security Agreement Supplement

 

     

     

    

 

[COPY SCHEDULES FROM SECURITY AGREEMENT]

 

 

 

 

 

     

     

    

 

EXHIBIT F

 

FORM OF ASSIGNMENT AND ASSUMPTION

 

This Assignment
and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered
into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an]
“Assignor”) and [the][each]2 Assignee identified in item 2 below ([the][each,
an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]3
hereunder are several and not joint.]4 Capitalized terms used but not defined
herein shall have the meanings given to them in the Credit Agreement identified below (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged
by [the][each] Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated
herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

 

For an agreed
consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each]
Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the
Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated
below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective
capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related
to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective
Assignors] and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right
of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person,
whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited
to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights
and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and

 

 

1 For bracketed language here and elsewhere
in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment
is from multiple Assignors, choose the second bracketed language.

2 For bracketed language here and elsewhere
in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment
is to multiple Assignees, choose the second bracketed language.

3 Select as appropriate.

4 Include bracketed language if there are either
multiple Assignors or multiple Assignees.

 

    F-1 

     

    

assigned by [the][any] Assignor to [the][any]
Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”).
Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption,
without representation or warranty by [the][any] Assignor.

 

		1.	Assignor[s]: 	 
	 	 	 	 
	 	 	 	 

 

 

		2.	Assignee[s]: 	 
	 	 	 	 
	 	 	 	 

 

 

[for each Assignee, indicate [Affiliate][Approved Fund] of
[identify Lender]]

 

		3.	Borrower(s):Acutus Medical, Inc.

 

		4.	Administrative Agent: Wilmington Trust, National Association, as the Administrative Agent under
the Credit Agreement

 

		5.	Credit Agreement: Credit Agreement, dated as of May 20, 2019, among Acutus Medical, Inc., the
Lenders party thereto, OrbiMed Royalty Opportunities II, LP, as Origination Agent, and Wilmington Trust, National Association, as Administrative
Agent

 

		6.	Assigned Interest[s]:5

 

	Assignor[s]6	 	Assignee[s]7	 	Aggregate Amount of

  Commitment/Loans for

  all Lenders8	 	Amount of Commitment/

Loans Assigned	 	Percentage Assigned

  of Commitment/

  Loans9
	 	 	 	 	 	 	 	 	 
	 	 	 	 	$	 	$	 	%
	 	 	 	 	$	 	$	 	%
	 	 	 	 	$	 	$	 	%

 

 

 

5 The reference to “Loans” in the table
should be used only if the Commitments have terminated.

6 List each Assignor, as appropriate.

 

    F-2 

     

    

[7.Trade Date:________________________]10

 

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

 

[SIGNATURE PAGES FOLLOW]

 

 

 

 

 

 

 

7 List each Assignee, as appropriate. 

8 Amounts in this column and in the column immediately
to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the
Effective Date. Set forth the type of Commitment to be assigned such as the Initial Commitment/the First Delayed Draw Commitment/the
Second Delayed Draw Commitment. 

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

10 To be completed if the Assignor(s) and
the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date.

 

    F-3 

     

    

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

 

  

	 	ASSIGNOR [NAME OF ASSIGNOR]

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

 

	 	ASSIGNEE [NAME OF ASSIGNEE]

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

[Signature Page to Assignment and Assumption]

 

 

     

     

    

Consented
to:11 

 

	WILMINGTON TRUST, NATIONAL ASSOCIATION,

                    as Administrative
                    Agent

    

     
	 
		 
	By:  	 	 
	 	Name:	 
	 	Title:   	 

 

 

 

Consented
to:12

 

 

	ACUTUS MEDICAL, INC.

    

     
	 
		 
	By:  	 	 
	 	Name:	 
	 	Title:   	 

 

 

 

 

 

 

 

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

12 To be added
only if the consent of the Borrower is required by the terms of the Credit Agreement.

 

 

 

[Signature Page to Assignment and Assumption]

 

     

     

    

ANNEX 1 TO ASSIGNMENT AND ASSUMPTION

 

STANDARD TERMS AND CONDITIONS
FOR ASSIGNMENT AND ASSUMPTION

 

1.                 
Representations and Warranties.

 

1.1.           
Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the
relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and
(iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to
consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations
made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any
of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance
by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

 

1.2.           
Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to
become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 10.10(b) of the Credit
Agreement (subject to such consents, if any, as may be required under Section 10.10(b)(i)(B) and Section 10.10(b)(iii)of the Credit Agreement),
(iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the
extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect
to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion
in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received
a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements
delivered pursuant to Section 7.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its
own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest and (vi) it
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 Assignment and Assumption and to purchase [the][such]
Assigned Interest; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] Assignor
or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

 

     

     

    

2.                 
Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each]
Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which
have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the
Effective Date.

 

3.                 
General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto
and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together
shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy
shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall
be governed by, and construed in accordance with, the law of the State of New York.

 

 

 

     

     

    

 

Exhibit G

 

FORM OF WARRANT

 

 

 

 

 

 

     

     

    

 

Exhibit
H

 

FORM
OF INTERCOMPANY DEBT SUBORDINATION AGREEMENT

 

This
INTERCOMPANY DEBT SUBORDINATION AGREEMENT (this “Agreement”), dated as of May 20, 2019, is entered into by and among
the Obligors listed on the signature pages hereof and those additional entities that hereafter become parties hereto by joinder (collectively,
jointly, and severally, the “Obligors” and each, individually, an “Obligor”), in favor of Wilmington
Trust, National Association (together with its successors, transferees and assignees), as Administrative Agent (in such capacity, the
“Administrative Agent”), in light of the following:

 

WHEREAS,
pursuant to that certain Credit Agreement of even date herewith (as amended, restated, supplemented, or otherwise modified from time
to time, the “Credit Agreement”) by and among ACUTUS MEDICAL, INC., a Delaware corporation (the “Borrower”),
the lenders identified on the signature pages thereof (each of such lenders, together with its successors and permitted assigns, is referred
to hereinafter as a “Lender”, and, collectively, “Lenders”, ORBIMED ROYALTY OPPORTUNITIES II, LP,
a Delaware limited partnership, as the Origination Agent (in such capacity, the “Origination Agent”), and the Administrative
Agent, the Lenders have agreed to extend the Commitment and make the Loans to the Borrower pursuant to the terms and conditions thereof;
and

 

WHEREAS,
each Obligor has made or may make certain loans or advances from time to time to one or more other Obligors; and

 

WHEREAS,
in order to induce the Origination Agent, the Administrative Agent and the Lenders to enter into the Credit Agreement and the other Loan
Documents and to induce the Lenders to extend the Commitment and make the Loans to the Borrower pursuant to the Loan Documents, and in
consideration thereof, each Obligor has agreed to subordinate the indebtedness of each other Obligor owed to such Obligor to the below
defined Senior Debt upon the terms and subject to the conditions set forth in this Agreement.

 

NOW,
THEREFORE, for and in consideration of the mutual promises, covenants, conditions, representations, and warranties set forth herein and
for other good and valuable consideration, the receipt, sufficiency, and adequacy of which are hereby acknowledged, each Obligor and
the Administrative Agent hereby agree as follows:

 

SECTION
1        Definitions
and Construction.

 

(a)
         Terms
Defined in Credit Agreement. All initially capitalized terms used in this Agreement and not otherwise defined herein shall have the
meanings assigned to them in the Credit Agreement.

 

(b)
         Certain
Defined Terms. As used in this Agreement, the following terms shall have the following meanings:

 

“Administrative
Agent” has the meaning specified therefor in the preamble hereto.

 

“Agreement”
has the meaning specified therefor in the preamble hereto.

 

“Bankruptcy
Code” means Title 11 of the United States Code, as in effect from time to time.

 

“Borrower”
has the meaning specified therefor in the recitals hereto.

 

     

     

    

“Credit
Agreement” has the meaning specified therefor in the recitals hereto.

 

“Creditor
Obligor” has the meaning specified therefor in the definition of Subordinated Debt.

 

“Debtor
Obligor” has the meaning specified therefor in the definition of Subordinated Debt.

 

“Discharge
of Senior Debt” means the repayment in full of all Senior Debt, in each case, after or concurrently with the termination or
expiration of all commitments, if any, to make loans, advances or otherwise extend credit that would constitute Senior Debt.

 

“Event
of Default” has the meaning specified therefor in the Credit Agreement.

 

“Guarantee”
has the meaning specified therefor in the Credit Agreement.

 

“Indebtedness”
has the meaning specified therefor in the Credit Agreement.

 

“Insolvency
Event” has the meaning specified therefor in Section 3.

 

“Insolvency
Proceeding” means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any
other state, federal or foreign bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria,
compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

 

“Lender”
and “Lenders” have the respective meanings specified therefor in the recitals to this Agreement.

 

“Obligations”
has the meaning specified therefor in the Credit Agreement.

 

“Obligor”
and “Obligors” have the respective meanings specified therefor in the preamble hereto.

 

“Origination
Agent” has the meaning specified therefor in the recitals hereto.

 

“Security
Agreement” has the meaning specified therefor in the Credit Agreement.

 

“Senior
Debt” means all obligations (including the Obligations and the Indebtedness evidenced by the Guarantee) and all amounts owing,
due, or secured under, or in connection with, the terms of, or evidenced by, the Credit Agreement, any other Loan Document, whether now
existing or arising hereafter, including all principal, premium, interest, fees, attorneys’ fees, costs, charges, expenses, reimbursement
obligations, any indemnities or guarantees, and all other amounts payable under or secured by any Loan Document (including, in each case,
all amounts accruing on or after the commencement of any insolvency proceeding relating to any Loan Party, or that would have accrued
or become due under the terms of any Loan Document but for the commencement of any insolvency proceeding with respect to any Loan Party
and irrespective of whether a claim for all or any portion of such amounts is allowable or allowed in such insolvency proceeding).

 

     

     

    

“Subordinated
Debt” means, with respect to each Obligor (each, a “Creditor Obligor”), all Indebtedness, liabilities, and
other obligations, whether now existing or arising hereafter, of any other Obligor (each, a “Debtor Obligor”), including
all principal, premium, interest, fees, attorneys fees, costs, charges, expenses, reimbursement obligations and any other amounts, in
each case, that are owing or due to the Creditor Obligor by such Debtor Obligor, whether now existing or hereafter arising, and whether
due or to become due, absolute or contingent, liquidated or unliquidated, determined or undetermined, including all fees and all other
amounts payable by such Debtor Obligor to such Creditor Obligor under or in connection with any documents or instruments related thereto.

 

“Subordinated
Debt Payment” means any payment or distribution by or on behalf of any of the Obligors, directly or indirectly, of assets of
any of the Obligors of any kind or character, whether in cash, property, or securities, including on account of the purchase, redemption,
or other acquisition of Subordinated Debt, as a result of any collection, sale, or other disposition of Collateral, or by setoff, exchange,
or in any other manner, for or on account of the Subordinated Debt.

 

(c)
         Construction.
Unless the context of this Agreement clearly requires otherwise, references to the plural include the singular, references to the singular
include the plural, the terms “includes” and “including” are not limiting, and the term “or” has,
except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,”
“herein,” “hereby,” “hereunder,” and similar terms in this Agreement refer to this Agreement as a
whole and not to any particular provision of this Agreement. Section, subsection, clause, schedule, and exhibit references herein are
to this Agreement unless otherwise specified. Any reference in this Agreement to any agreement, instrument, or document shall include
all alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements, thereto
and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications, renewals,
replacements, substitutions, joinders, and supplements set forth herein or in the Credit Agreement). 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. Any reference herein to the satisfaction, repayment, or payment in full of the Senior Debt (including in the definition
of “Discharge of Senior Debt”) shall mean (i) the payment or repayment in full in immediately available funds of (A) the
principal amount of, and interest accrued with respect to, all outstanding Loans, together with the payment of any premium applicable
to the repayment of the Loans, (B) all expenses of the Administrative Agent and the Lenders that have accrued regardless of whether demand
has been made therefor, (C) all fees or charges that have accrued hereunder or under any other Loan Document, (ii) the receipt by the
Administrative Agent of cash collateral in order to secure any other contingent Senior Debt for which a claim or demand for payment has
been made at such time or in respect of matters or circumstances known to the Administrative Agent or the Lenders at the time that are
reasonably expected to result in any loss, cost, damage or expense (including attorneys fees and legal expenses), such cash collateral
to be in such amount as the Administrative Agent reasonably determines is appropriate to secure such contingent Senior Debt, (iii) the
payment or repayment in full in immediately available funds of all other Senior Debt (including the payment of any termination amount
then applicable (or which would or could become applicable as a result of the repayment of the other Senior Debt)) other than unasserted
contingent indemnification obligations, and (iv) the termination of all of the Commitments of the Lenders. Any reference herein to any
Person shall be construed to include such Person’s successors and assigns. The captions and headings of this Agreement are for
convenience of reference only and shall not affect the construction of this Agreement. 

 

SECTION
2        Subordination
to Payment of Senior Debt. All payments on account of the Subordinated Debt shall be subject, subordinate, and junior, in right of
payment and exercise of remedies, to the extent and in the manner set forth herein, to the Discharge of Senior Debt.

 

     

     

    

SECTION
3        Subordination
upon Any Distribution of Assets of the Obligors. In the event of any payment or distribution of assets of any Debtor Obligor of any
kind or character, whether in cash, property, or securities, upon the dissolution, winding up, or total or partial liquidation or reorganization,
readjustment, arrangement, or similar proceeding relating to such Debtor Obligor or its property, whether voluntary or involuntary, or
in bankruptcy, insolvency, receivership, arrangement, or similar proceedings or upon an assignment for the benefit of creditors, or upon
any other marshaling or composition of the assets and liabilities of such Debtor Obligor, or upon the occurrence of an insolvency proceeding,
or otherwise (such events, collectively, the “Insolvency Events”): (a) the Discharge of Senior Debt must have
occurred before any Subordinated Debt Payment is made; and (b) any Subordinated Debt Payment to which any Creditor Obligor would be entitled
except for the provisions hereof, shall be paid or delivered by the trustee in bankruptcy, receiver, assignee for the benefit of creditors,
or other liquidating lender making such payment or distribution directly to Agent for application to the payment of the Senior Debt until
the Discharge of Senior Debt has occurred, after giving effect to any concurrent payment or distribution or provision therefor to the
Administrative Agent or any Lender in respect of such Senior Debt.

 

SECTION
4        Payments
on Subordinated Debt. 

 

(a)
         Permitted
Payments. So long as no Event of Default has occurred and is continuing, each Debtor Obligor may make, and each Creditor Obligor
shall be entitled to accept and receive Subordinated Debt Payments expressly allowed, if any, under the Credit Agreement.

 

(b)
         No
Payment upon Senior Debt Defaults. Upon the occurrence and during the continuance of any Event of Default, and until such Event of
Default is waived in accordance with the Credit Agreement, no Debtor Obligor shall make, and no Creditor Obligor shall accept or receive,
any Subordinated Debt Payment. For the avoidance of doubt, once such Event of Default is cured or waived, and so long as no other Event
of Default has occurred and is continuing, any Debtor Obligor may make and any Creditor Obligor may accept or receive any Subordinated
Debt Payment, including payments scheduled for the period of time when such Event of Default existed to the extent permitted by the Credit
Agreement.

 

SECTION
5        Subordination
of Remedies. Until the Discharge of Senior Debt has occurred, whether or not any Insolvency Event has occurred, no Creditor Obligor
will:

 

(a)
         accelerate,
make demand, or otherwise make due and payable prior to the original due date thereof any Subordinated Debt;

 

(b)
         bring,
commence, institute, prosecute, or participate in any lawsuit, action, or proceeding, whether private, judicial, equitable, administrative,
or otherwise to enforce its rights or interests in respect of the Subordinated Debt;

 

(c)
         exercise
any rights under or with respect to guaranties of the Subordinated Debt, if any;

 

(d)
         exercise
any of its rights or remedies in connection with the Subordinated Debt with respect to any Collateral of any Debtor Obligor; 

 

(e)
         exercise
any right to set-off or counterclaim in respect of any Indebtedness, liabilities, or obligations of such Creditor Obligor to any Debtor
Obligor against any of the Subordinated Debt; 

 

(f)
          in
its capacity as a Creditor Obligor, contest, protest, or object to any exercise of secured creditor remedies by the Administrative Agent
or any Lender in connection with the Senior Debt;

 

     

     

    

(g)
         object
to any forbearance by the Administrative Agent or any Lender in connection with the Senior Debt; or

 

(h)
         commence,
or cause to be commenced, or join with any creditor other than the Administrative Agent or any Lender in commencing, any insolvency proceeding
against any Debtor Obligor.

 

SECTION
6        Payment
over to the Administrative Agent. In the event that, notwithstanding the provisions of Sections 2, 3, 4, and
5, any Subordinated Debt Payments shall be received in contravention of such Sections 2, 3, 4, or 5
by any Creditor Obligor before the Discharge of Senior Debt has occurred, such Subordinated Debt Payments shall be segregated and held
in trust for the benefit of the Lenders and shall be forthwith paid over or delivered to the Administrative Agent, in the same form as
received and with any necessary endorsements, for application to the payment of the Senior Debt in accordance with the terms of the Loan
Documents. The Administrative Agent is authorized to make any such endorsements as Administrative Agent for the Creditor Obligors. Such
authorization is coupled with an interest and is irrevocable until the Discharge of Senior Debt.

 

SECTION
7        Authorization
to the Administrative Agent. If, while any Subordinated Debt is outstanding and before Discharge of Senior Debt has occurred, any
Insolvency Event shall occur and be continuing with respect to any Obligor or its property: (a) the Administrative Agent hereby
is irrevocably authorized and empowered (in the name of each Obligor or otherwise), but shall have no obligation, to demand, sue for,
collect, and receive every payment or distribution in respect of the Subordinated Debt and give acquittance therefor and to file claims
and proofs of claim and take such other action (including voting the Subordinated Debt) as it, the Origination Agent or the Required
Lenders may deem necessary or advisable for the exercise or enforcement of any of the rights or interests of the Administrative Agent
(or any Lender) under any of the Loan Documents; and (b) each Obligor shall promptly take such action as the Administrative Agent (at
the direction of the Origination Agent or the Required Lenders) may reasonably request (i) to collect the Subordinated Debt for the account
of the Lenders and to file appropriate claims or proofs of claim in respect of the Subordinated Debt, (ii) to execute and deliver to
the Administrative Agent such powers of attorney, assignments, and other instruments as it may reasonably request to enable it to enforce
any and all claims with respect to the Subordinated Debt, and (iii) to collect and receive any and all Subordinated Debt Payments.

 

SECTION
8        Certain
Agreements Of Each Obligor.

 

(a)
         No
Benefits. Each Obligor understands that there may be various agreements between the Lenders and any other Obligor evidencing and
governing the Senior Debt, and each Obligor acknowledges and agrees that such agreements are not intended to confer any benefits on such
Obligor unless such Obligor is also a party thereto (in which case, the rights of such Obligor are as set forth therein) and that the
Administrative Agent and the Lenders shall have no obligation to such Obligor or any other Person to exercise any rights, enforce any
remedies, or take any actions which may be available to them under such agreements unless such Obligor is also a party thereto (in which
case, the rights of such Obligor are as set forth therein).

 

(b)
         No
Interference. Each Obligor acknowledges that certain other Obligors have granted to the Administrative Agent for the benefit of the
Lenders security interests in substantially all of such other Obligor’s assets, and agrees not to interfere with or in any manner
oppose a disposition of any Collateral by the Administrative Agent in accordance with the applicable Loan Documents or applicable law.

 

     

     

    

(c)
         Reliance
by the Administrative Agent and the Lenders. Each Obligor acknowledges and agrees that the Administrative Agent and each Lender will
have relied upon and will continue to rely upon the subordination provisions provided for herein and the other provisions hereof in entering
into the Loan Documents and making or issuing the Loans or other financial accommodations thereunder.

 

(d)
         Waivers.
Except as provided under the Credit Agreement or any other Loan Document, each Obligor hereby waives any and all notice of the incurrence
of the Senior Debt or any part thereof and any right to require marshaling of assets.

 

(e)
         Obligations
of Each Obligor Not Affected. Each Creditor Obligor hereby agrees that at any time and from time to time, without notice to or the
consent of such Creditor Obligor, without incurring responsibility to such Creditor Obligor, and without impairing or releasing the subordination
provided for herein or otherwise impairing the rights of the Administrative Agent or any Lender hereunder: (i) the time for any Debtor
Obligor’s performance of or compliance with any of its agreements contained in the Loan Documents may be extended or such performance
or compliance may be waived by the Administrative Agent or any Lender; (ii) the agreements of any Debtor Obligor with respect to the
Loan Documents may from time to time be modified by such other Debtor Obligor, the Administrative Agent, or any Lender for the purpose
of adding any requirements thereto or changing in any manner the rights and obligations of such Debtor Obligor, the Administrative Agent,
or any Lender thereunder; (iii) the manner, place, or terms for payment by any Debtor Obligor of Senior Debt or any portion thereof may
be altered or the terms for payment extended, or the Senior Debt of any Debtor Obligor may be renewed in whole or in part; (iv) the maturity
of the Senior Debt of any Debtor Obligor may be accelerated in accordance with the terms of any present or future agreement by any Debtor
Obligor, the Administrative Agent, or any Lender; (v) any Collateral may be sold, exchanged, released, or substituted and any Lien in
favor of the Administrative Agent may be terminated, subordinated, or fail to be perfected or become unperfected; (vi) any Person liable
in any manner for Senior Debt may be discharged, released, or substituted; and (vii) all other rights against the Debtor Obligors, any
other Person, or with respect to any Collateral may be exercised (or the Administrative Agent or any Lender may waive or refrain from
exercising such rights as provided in the Loan Documents) in each case, in accordance with the applicable Loan Documents and applicable
law.

 

(f)
          Rights
of the Administrative Agent Not to Be Impaired. No right of the Administrative Agent or any Lender to enforce the subordination provided
for herein or to exercise its other rights hereunder shall at any time in any way be prejudiced or impaired by any act or failure to
act by any Obligor, the Administrative Agent or any Lender hereunder or under or in connection with the other Loan Documents or by any
noncompliance by the other Obligors with the terms and provisions and covenants herein or in any other Loan Document, regardless of any
knowledge thereof the Administrative Agent or any Lender may have or otherwise be charged with.

 

(g)
         Financial
Condition of the Obligors. No Obligor shall have any right to require the Administrative Agent to obtain or disclose any information
with respect to: (i) the financial condition or character of any other Obligor or the ability of any other Obligor to pay and perform
any or all of the Senior Debt; (ii) the Senior Debt; (iii) the Collateral or other security for any or all of the Senior Debt; (iv) the
existence or nonexistence of any guarantees of, or any other subordination agreements with respect to, all or any part of the Senior
Debt; (v) any action or inaction on the part of the Administrative Agent or any other Person; or (vi) any other matter, fact, or occurrence
whatsoever.

 

(h)
         Acquisition
of Liens or Guaranties. Except as expressly permitted by the Credit Agreement, no Creditor Obligor shall (i) acquire any Lien on
any asset of any Debtor Obligor or (ii) accept any guaranties from any other Obligor or from any other Subsidiary of any Loan Party for
the Subordinated Debt.

 

     

     

    

SECTION
9        Subrogation.
With respect to any payments or distribution in cash, property, or other assets that any Creditor Obligor pays over to the Administrative
Agent (for the benefit of the Lenders) under the terms of this Agreement, each Creditor Obligor shall be subrogated to the rights of
the Administrative Agent and the Lenders; provided, however, that each Creditor Obligor agrees not to assert or enforce
any such rights of subrogation it may acquire as a result of any such payment or distribution hereunder until the Discharge of Senior
Debt has occurred; provided further, however, that no Creditor Obligor shall exercise or enforce any such rights against
any Debtor Obligor (including after the Discharge of Senior Debt) if all or any portion of the Senior Debt shall have been satisfied
in connection with an exercise of remedies by the Administrative Agent in respect of the equity interests of such Debtor Obligor whether
pursuant to the Guarantee, the Security Agreement or otherwise.

 

SECTION
10    Continuing Agreement;
Reinstatement.

 

(a)
         Continuing
Agreement. This Agreement is a continuing agreement of subordination and shall continue in effect and be binding upon each Obligor
until the Discharge of Senior Debt has occurred. The subordinations, agreements, and priorities set forth herein shall remain in full
force and effect regardless of whether any party hereto in the future seeks to rescind, amend, terminate, or reform, by litigation or
otherwise, its respective agreements with the other Obligors. This Agreement shall be applicable both before and after the commencement
of any insolvency proceeding and all converted or succeeding cases in respect thereof. The relative rights of parties hereto in or to
any distributions from or in respect of any Collateral or proceeds of Collateral, shall continue after the commencement of any insolvency
proceeding. Accordingly, the provisions of this Agreement are intended to be and shall be enforceable as a subordination agreement within
the meaning of Section 510 of the Bankruptcy Code.

 

(b)
         Reinstatement.
This Agreement shall continue to be effective or shall be reinstated (and the amount of Senior Debt shall be reinstated), as the case
may be, if, for any reason, any payment of the Senior Debt shall be rescinded or must otherwise be restored by the Administrative Agent
or any Lender to any Loan Party, whether as a result of an Insolvency Event or otherwise. 

 

SECTION
11    Transfer of Subordinated
Debt. Except as expressly permitted by the Credit Agreement, no Obligor may assign or transfer its rights and obligations in respect
of the Subordinated Debt, and any transferee or assignee of the Subordinated Debt, as a condition to acquiring an interest in the Subordinated
Debt shall agree to be bound hereby, in form reasonably satisfactory to the Administrative Agent.

 

SECTION
12    Obligations of
the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of
each Creditor Obligor against each Debtor Obligor, on the one hand, and of the Administrative Agent and the Lenders against each Creditor
Obligor, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Creditor Obligor and any Debtor Obligor,
the obligation of the Debtor Obligor to pay its respective obligations with respect to the Subordinated Debt as and when the same shall
become due and payable, or (ii) otherwise affect the relative rights of any Creditor Obligor against any Debtor Obligor, on the one hand,
and of the creditors (other than the Administrative Agent or the Lenders) of the Debtor Obligors against the Debtor Obligors, on the
other hand. 

 

SECTION
13    Endorsement of
Obligor Documents; Further Assurances And Additional Acts.

 

     

     

    

(a)
         Endorsement
of Obligor Documents. Upon the written request of the Administrative Agent, all documents and instruments evidencing any of the Subordinated
Debt, if any, shall be endorsed with a legend noting that such documents and instruments are subject to this Agreement, and each Obligor
shall promptly deliver to the Administrative Agent evidence of the same.

 

(b)
         Further
Assurances and Additional Acts. Each Obligor shall execute, acknowledge, deliver, file, notarize, and register at its own expense
all such further agreements, instruments, certificates, financing statements, documents, and assurances, and perform such acts as Administrative
Agent reasonably shall deem necessary or appropriate to effectuate the purposes of this Agreement, and promptly provide the Administrative
Agent with evidence of the foregoing reasonably satisfactory in form and substance to the Administrative Agent.

 

SECTION
14    Notices.
All notices and other communications provided for hereunder shall be given in the form and manner provided in the Credit Agreement, and,
if to the Administrative Agent, shall be mailed, sent, or delivered to the Administrative Agent at its address as specified in the Credit
Agreement and, if to any Obligor, shall be mailed, sent or delivered in care of the Borrower in accordance with the notice provisions
set forth in Credit Agreement or, as to any party, at such other address as shall be designated by such party in a written notice to
the other party in writing. 

 

SECTION
15    No Waiver; Cumulative
Remedies. No failure on the part of the Administrative Agent or any Lender to exercise, and no delay in exercising, any right, remedy,
power, or privilege hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise
of any such right, remedy, power, or privilege preclude any other or further exercise thereof or the exercise of any other right, remedy,
power, or privilege. The rights and remedies under this Agreement are cumulative and not exclusive of any rights, remedies, powers, and
privileges that may otherwise be available to the Administrative Agent or the Lenders.

 

SECTION
16    Costs and Expenses.
The Obligors, jointly and severally, agree to pay to the Administrative Agent promptly after demand therefor all expenses of the
Administrative Agent and the Lenders (including the fees, costs and expenses of the Administrative Agent’s,
the Origination Agent’s and the Lenders’ respective agents and counsel) in connection with this Agreement, including in connection
with the negotiation, preparation, execution, delivery, and administration of this Agreement, or any amendments, modifications, or waivers
of the terms hereof, or the enforcement or attempted enforcement of, or preservation of rights or interests under, this Agreement, including
any losses incurred by the Administrative Agent as a result of any failure by any Obligor to perform or observe its obligations contained
in this Agreement. 

 

SECTION
17    Survival.
All covenants, agreements, representations and warranties made in this Agreement shall, except to the extent otherwise provided herein,
survive the execution and delivery of this Agreement, and shall continue in full force and effect until the Discharge of Senior Debt
has occurred. The foregoing to the contrary notwithstanding, the obligations of each Obligor under Section 9 and Section 16
shall survive the Discharge of Senior Debt.

 

SECTION
18    Benefits of Agreement.
This Agreement is entered into for the sole protection and benefit of the Obligors, the Administrative Agent, and the Lenders and their
respective successors and assigns, and no other Person shall be a direct or indirect beneficiary of, or shall have any direct or indirect
cause of action or claim in connection with, this Agreement.

 

     

     

    

SECTION
19    Binding Effect.
This Agreement shall be binding upon, inure to the benefit of and be enforceable by each Obligor, the Administrative Agent, and the Lenders
and their respective successors and assigns.

 

SECTION
20    Governing Law;
Venue; Jury Trial Waiver; Judicial Reference Provision. THIS AGREEMENT SHALL BE SUBJECT TO THE PROVISIONS REGARDING CHOICE OF LAW
AND VENUE, JURY TRIAL WAIVER, AND JUDICIAL REFERENCE SET FORTH IN SECTION 10.9, 10.12 AND 10.13 OF THE CREDIT AGREEMENT,
AND SUCH PROVISIONS ARE INCORPORATED HEREIN BY THIS REFERENCE, MUTATIS MUTANDIS.

 

SECTION
21    Entire Agreement;
Amendments and Waivers; Conflicts.

 

(a)
         Entire
Agreement. This Agreement, together with the other Loan Documents, constitutes the entire agreement of each of the Obligors, the
Administrative Agent and the Lenders with respect to the matters set forth herein and shall not be contradicted or qualified by any other
agreement, oral or written, before the date hereof.

 

(b)
         Amendments
and Waivers. No amendment to or waiver of any provision of this Agreement shall in any event be effective unless the same shall be
in writing and signed by each of the Obligors and the Administrative Agent; and no waiver of any provision of this Agreement, or consent
to any departure by any Obligor from any provision hereof, shall in any event be effective unless the same shall be in writing and signed
by the Administrative Agent. Any such amendment, waiver, or consent shall be effective only in the specific instance and for the specific
purpose for which given.

 

(c)
         Conflicts with Subordinated
Debt Documents. In case of any conflict or inconsistency between any terms of this Agreement, on the one hand, and any documents
or instruments in respect of the Subordinated Debt, on the other hand, then the terms of this Agreement shall control.

 

(d)
         Conflicts with Credit
Agreement. In case of any conflict or inconsistency between any terms of this Agreement, on the one hand, and any of the terms and
provisions of the Credit Agreement, on the other hand, then the terms and provisions of the Credit Agreement shall control. 

 

SECTION
22    Severability
of Provisions. Each provision of this Agreement shall be severable from every other provision of this Agreement for the purpose of
determining the legal enforceability of any specific provision.

 

SECTION
23    Interpretation.
Neither this Agreement nor any uncertainty or ambiguity herein shall be construed against the Administrative Agent, any member of the
Lenders, or any Obligor, whether under any rule of construction or otherwise. On the contrary, this Agreement has been reviewed by all
parties and shall be construed and interpreted according to the ordinary meaning of the words used so as to accomplish fairly the purposes
and intentions of all parties hereto.

 

SECTION
24    Counterparts;
Telefacsimile, PDF or Other Electronic Delivery. This Agreement may be executed in any number of counterparts and by different parties
on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken
together, shall constitute but one and the same agreement. Delivery of an executed counterpart of this Agreement by telefacsimile, PDF
or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement.
Any party delivering an executed counterpart of this Agreement by telefacsimile, PDF or other electronic method of transmission also
shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall not
affect the validity, enforceability, and binding effect of this Agreement. 

 

     

     

    

SECTION
25    New Subsidiaries.
Each Obligor shall cause any Subsidiary (whether by acquisition or formation) of any Loan Party that is required to execute a joinder
to the Guarantee, the Security Agreement or the Credit Agreement, as the case may be, to execute and deliver to the Administrative Agent
a joinder to this Agreement in a form reasonably satisfactory to the Administrative Agent. Upon the execution and delivery of such a
joinder by such Subsidiary, such Subsidiary shall become an Obligor hereunder with the same force and effect as if originally named as
an Obligor herein. The execution and delivery of any agreement or instrument adding an additional Obligor as a party to this Agreement
shall not require the consent of any other Obligor hereunder. The rights and obligations of each Obligor hereunder shall remain in full
force and effect notwithstanding the addition of any new Obligor hereunder as though such new Obligor had originally been named an Obligor
hereunder on the date of this Agreement.

 

[Signature
page follows]

 

     

     

    

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

 

 

OBLIGORS:

  

 

 

	 	ACUTUS MEDICAL, INC., a Delaware corporation

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

	 	ACUTUS MEDICAL, N.V., a Belgian company

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

	 	[ADDITIONAL OBLIGOR]

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

[Signature
Page to Intercompany Subordination Agreement]

 

     

     

    

 

ADMINISTRATIVE
AGENT:

 

 

 

	 	WILMINGTON
TRUST, NATIONAL ASSOCIATION

    

     

	 	
	 	By:  	 
	 	 	Name:
	 	 	Title:   

 

 

 

 

[Signature
Page to Intercompany Subordination Agreement]

 

     

     

    

 

 

Exhibit I

 

FORM OF REGISTRATION RIGHTS AGREEMENT

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