Document:

Exhibit 10.1

 

EXECUTION VERSION

 

AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED
CREDIT AGREEMENT

 

THIS AMENDMENT NO. 2 TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of February 18, 2022 (the “Amendment No.
2 Effective Date”), is entered into among TETRA TECH, INC., a Delaware corporation (the “Company”), TETRA
TECH CANADA HOLDING CORPORATION, TETRA TECH UK HOLDINGS LIMITED (formerly known as Coffey UK Limited), TETRA TECH COFFEY PTY LTD (formerly
known as Coffey Services Australia Pty Ltd) (each of the foregoing, together with the Company, collectively, the “Borrowers”),
Bank of America, N.A., in its capacity as the administrative agent (in such capacity, the
 “Administrative Agent”), each of the Subsidiary Guarantors party hereto and each of the Lenders (as defined below)
party hereto.

 

RECITALS

 

A.       The
Company, the other Borrowers, the lenders party thereto prior to the effectiveness of this Amendment (collectively, the “Existing
Lenders”) and the Administrative Agent have entered into a Second Amended and Restated Credit Agreement dated as of July 30,
2018 (as amended by Amendment No. 1 to Second Amended and Restated Credit Agreement dated as of November 10, 2021 and as otherwise amended,
modified, extended, restated, replaced or supplemented from time to time prior to the effectiveness of this Amendment, the “Existing
Credit Agreement”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the
Credit Agreement (as defined below).

 

B.       The
Subsidiary Guarantors and the Administrative Agent have entered into Subsidiary Guaranties dated of even date with the Existing Credit
Agreement and various Security Instruments.

 

C.       The
Company has advised the Administrative Agent and the Lenders that it desires to amend the Existing Credit Agreement as set forth herein.

 

D.       In
connection with this Amendment, the Company has also invited certain Persons party hereto to become Lenders (such Persons, the “Joining
Lenders” and together with the Existing Lenders party hereto, collectively, the “Lenders”).

 

E.       Subject
to the terms and conditions set forth below, the Administrative Agent and the Lenders have agreed to so amend the Existing Credit Agreement.

 

In furtherance of the foregoing,
the parties agree as follows:

 

1.       Amendments
to Existing Credit Agreement. Subject to the covenants, terms and conditions set forth herein and in reliance upon the representations
and warranties set forth herein:

 

(a)       The
Existing Credit Agreement (other than the Exhibits and Schedules attached thereto) is hereby amended in its entirety to read in the form
of Annex A attached hereto (as so amended, the “Credit Agreement”).

 

(b)       Each
of Exhibits A (Form of Loan Notice) and D (Form of Compliance Certificate) attached to the Existing Credit Agreement is
hereby amended in its entirety to read in the form thereof included as part of Annex B attached hereto.

 

(c)       Each
of Schedules 2.01 (Commitments and Applicable Percentages) and 10.02 (Administrative Agent’s Office; Certain
Addresses for Notices) attached to the Existing Credit Agreement is hereby amended in its entirety to read in the form thereof
included as part of Annex C attached hereto.

 

     

     

    

 

(d)       A
new Exhibit I (Form of Pricing Certificate) is hereby added to the Credit Agreement to read in the form thereof included as Annex
D attached hereto.

 

(e)       A
new Schedule 2.18 (Sustainability Table) is hereby added to the Credit Agreement to read in the form thereof included as Annex
E attached hereto.

 

The amendments to the Existing
Credit Agreement and the amendments to, and additions of, the above referenced Schedules and Exhibits are limited to the extent specifically
set forth above and no other terms, covenants or provisions of the Loan Documents are intended to be affected hereby.

 

2. Joinder of Joining Lenders
and L/C Issuer; Revised Commitments and Applicable Percentages; Reallocation of Outstanding Loans.

 

(a)       Each
Joining Lender (i) represents and warrants that (A) it has full power and authority, and has taken all action necessary, to execute and
deliver this Amendment and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (B) it
meets the requirements of an Eligible Assignee under the Credit Agreement (subject to such consents, if any, as may be required under
Section 10.06(b)(iii) of the Credit Agreement), (C) from and after the Amendment No. 2 Effective Date, it shall be bound by the
provisions of the Credit Agreement as a Lender thereunder and shall have the obligations of a Lender thereunder with the Commitments applicable
to such Joining Lender as set forth on Schedule 2.01 attached hereto (as such Commitments may be modified at any time or from time
to time pursuant to the terms of the Loan Documents), (D) it is sophisticated with respect to decisions to acquire assets of the type
represented by its Commitments and either it, or the Person exercising discretion in making its decision to acquire its Commitments, is
experienced in acquiring assets of such type, (E) 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 6.01 thereof, as applicable,
and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Amendment
and to acquire its Commitments, (F) it has, independently and without reliance upon the Administrative Agent, any Arranger or any other
Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Amendment and to acquire its Commitments, and (G) if it is a Foreign Lender, it has delivered to the Administrative Agent and the
Company any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by
such Joining Lender; (ii) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise
such powers and discretion under the Credit Agreement, the other Loan Documents or any other instrument or document furnished pursuant
thereto as are delegated to the Administrative Agent by the terms thereof, together with such powers as are incidental thereto; and (iii)
agrees that (A) it will, independently and without reliance upon the Administrative Agent, any Arranger 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 (B) it will be bound by the provisions of the Credit Agreement and the other Loan Documents
and 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. On and after the Amendment No. 2 Effective Date, all references to the “Lenders” in the Credit Agreement
and the other Loan Documents shall be deemed to include the Joining Lenders.

 

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(b)       Each
Lender party hereto acknowledges and agrees that its Commitments and Applicable Percentages as of the Amendment No. 2 Effective Date (after
giving effect to this Amendment) are set forth on Schedule 2.01 attached hereto. Each of the parties hereto acknowledges and agrees
that, on the Amendment No. 2 Effective Date, any outstanding Loans shall be reallocated among the Lenders in accordance with their respective
Applicable Percentages set forth on Schedule 2.01 attached hereto and the requisite assignments shall be deemed to be made in such
amounts among the Lenders (including any Existing Lenders not party hereto, if applicable) to the extent necessary to make such reallocation,
with the same force and effect as if such assignments were evidenced by applicable Assignments and Assumptions, but without the payment
of any related assignment fee, and the applicable Lenders shall make full cash settlement with one another, either directly or through
the Administrative Agent, as the Administrative Agent may direct or approve, with respect to such reallocations.

 

(c)       Notwithstanding
anything to the contrary in the Credit Agreement, (i) no other documents or instruments, including any Assignment and Assumption, shall
be executed in connection with any assignments (all other requirements of which are hereby waived) necessary to achieve the allocations
of Commitments and Applicable Percentages set forth on Schedule 2.01 attached hereto and such assignments shall be deemed to be
made with all applicable representations, warranties and covenants as if evidenced by an Assignment and Assumption and (ii) the reallocation
of Loans contemplated by Section 2(b) above shall not give rise to any obligation of any Borrower to make any payment under Section
3.05 of the Existing Credit Agreement or Section 3.05 of the Credit Agreement.

 

(d)       In
addition to the foregoing, Wells Fargo Bank, National Association (the “Joining L/C Issuer”) hereby agrees and confirms
that, effective as of the Amendment No. 2 Effective Date, it shall be and become an L/C Issuer for all purposes under the Credit Agreement
and the other Loan Documents and shall be bound by all the terms, conditions, obligations, liabilities and undertakings of each L/C Issuer
or to which each L/C Issuer is subject thereunder, all with the same force and effect as if it had originally signed the Credit Agreement
as an “L/C Issuer”. The Joining L/C Issuer acknowledges and agrees that, effective as of the Amendment No. 2 Effective Date,
its committed sublimit with respect to the Letter of Credit Sublimit shall be as set forth in the definition of “L/C Issuer”
in the Credit Agreement. Each other L/C Issuer party hereto also acknowledges and agrees that, effective as of the Amendment No. 2 Effective
Date, its committed sublimit with respect to the Letter of Credit Sublimit shall be as set forth in the definition of “L/C Issuer”
in the Credit Agreement.

 

3.       Conditions
Precedent. The effectiveness of this Amendment and the amendments contemplated hereby are subject to the satisfaction of the following
conditions precedent:

 

(a)        Documentation.
The Administrative Agent shall have received the following:

 

(i)                counterparts
of this Amendment, duly executed and delivered by the Borrowers, the Subsidiary Guarantors, the Administrative Agent and each Lender;

 

(ii)              
Notes executed by the Borrowers in favor of each Lender requesting Notes;

 

(iii)             
a certificate of a Responsible Officer of each Loan Party certifying as to (A) copies of the Organization Documents of such Loan
Party (or as to no change since last delivered to the Administrative Agent on July 30, 2018) and a good standing (or equivalent) certificate
as of a recent date for such Loan Party from the relevant authority of its jurisdiction of incorporation (to the extent applicable), (B)
copies of resolutions, written consents or other applicable action authorizing the transactions contemplated the Loan Documents (after
giving effect to this Amendment) and (C) the identity, authority, signature and capacity of each Responsible Officer thereof authorized
to act as a Responsible Officer in connection with the Loan Documents to which such Loan Party is a party;

 

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(iv)             favorable
opinions of counsel to the Loan Parties addressed to the Administrative Agent and each Lender, as to the matters concerning the Loan
Parties and the Loan Documents as the Administrative Agent may reasonably request; 

 

(v)              Loan
Notices with respect to any Borrowings to be made on the Amendment No. 2 Effective Date, together with any requested funding indemnity
letter(s) (if applicable); and

 

(vi)             such
searches of UCC filings as the Administrative Agent may require in the jurisdiction of incorporation or formation, as applicable, of
each Loan Party.

 

(b)       KYC,
USA PATRIOT Act, Etc. The Administrative Agent and each Lender shall have received at least five (5) Business Days prior to the date
hereof (i) all documentation and other information requested by the Administrative Agent or such Lender, as applicable, in order to comply
with its obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the
USA PATRIOT Act, and (ii) with respect to any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership
Regulation, a Beneficial Ownership Certification in relation to such Borrower.

 

(c)       Fees
and Expenses. Any fees and expenses of the Administrative Agent, any Arranger or the Lenders required to be paid on or before the
Amendment No. 2 Effective Date shall have been paid.

 

(d)       Legal
Fees and Expenses. Unless waived by the Administrative Agent, the Company shall have paid all fees, charges and disbursements of counsel
to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced prior to or on
the date hereof, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such
fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not
thereafter preclude a final settling of accounts between the Company and the Administrative Agent).

 

(e)       Existing
Credit Agreement. The Administrative Agent shall have received evidence reasonably satisfactory to it that, concurrently with the
closing of this Amendment, (i) all principal, interest and other amounts owing in respect of the Term Loan Facility under the Existing
Credit Agreement will be paid in full and (ii) all principal, interest and other amounts owing in respect of the Revolving Credit Facility
under the Existing Credit Agreement will be paid in full other than principal with respect to Revolving Credit Loans denominated in Alternative
Currencies.

 

4.        Representations
and Warranties. 

 

(a)       In
order to induce the Administrative Agent and the Lenders to enter into this Amendment, each Borrower represents and warrants to the Administrative
Agent and the Lenders as follows:

 

(i)       The
representations and warranties of the Borrowers and the other Loan Parties contained in Article V of the Credit Agreement and in
each other Loan Document are true and correct on and as of the date hereof, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of
this Amendment, the representations and warranties contained in Sections 5.05(a) and (b) of the Credit Agreement shall be
deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a) and (b) of the Credit Agreement, respectively.

 

(ii)       Since
the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate, that has
had or could reasonably be expected to have a Material Adverse Effect.

 

    4

     

    

 

(iii)      No
Default has occurred and is continuing or will exist after giving effect to this Amendment.

 

(b)       In
order to induce the Administrative Agent and the Lenders to enter into this Amendment, each Borrower and each Subsidiary Guarantor represents
and warrants to the Administrative Agent and the Lenders that this Amendment has been duly authorized, executed and delivered by it and
constitutes its legal, valid and binding obligation.

 

5.       Miscellaneous.

 

(a)       Ratification
and Confirmation of Loan Documents. Each Borrower and each Subsidiary Guarantor hereby consents, acknowledges and agrees to the amendments
and each of the other agreements set forth herein and hereby confirms and ratifies in all respects the Loan Documents to which such Person
is a party (including without limitation, with respect to each Subsidiary Guarantor, the continuation of its payment and performance obligations
under the Subsidiary Guaranty to which it is a party and, with respect to each Borrower and each Subsidiary Guarantor, the continuation
and extension of the liens granted under the Security Instruments to which it is a party to secure the Secured Obligations), in each case
upon and after the effectiveness of the amendments and other agreements contemplated hereby.

 

(b)       Fees
and Expenses. The Company shall pay on demand all reasonable costs and expenses of the Administrative Agent in connection with the
preparation, negotiation, execution, and delivery of this Amendment and any other documents prepared in connection herewith, including,
without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent.

 

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

 

(d)       Governing
Law; Jurisdiction; Waiver of Jury Trial; Etc. This Amendment shall be governed by and construed in accordance with the laws of the
State of New York, and shall be further subject to the provisions of Sections 10.14 and 10.15 of the Credit Agreement.

 

(e)       Counterparts.
This Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be deemed to be an original,
and all of which when taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page
of this Amendment by facsimile or electronic transmission (including .pdf file) shall be effective as delivery of a manually executed
counterpart hereof.

 

(f)       Entire
Agreement. This Amendment, together with all the Loan Documents (collectively, the “Relevant Documents”), sets
forth the entire understanding and agreement of the parties hereto in relation to the subject matter hereof and supersedes any prior negotiations
and agreements among the parties relating to such subject matter. No promise, condition, representation or warranty, express or implied,
not set forth in the Relevant Documents shall bind any party hereto, and no such party has relied on any such promise, condition, representation
or warranty. Each of the parties hereto acknowledges that, except as otherwise expressly stated in the Relevant Documents, no representations,
warranties or commitments, express or implied, have been made by any party to the other in relation to the subject matter hereof or thereof.
None of the terms or conditions of this Amendment may be changed, modified, waived or canceled orally or otherwise except in writing in
accordance with Section 10.01 of the Credit Agreement.

 

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(g)       Enforceability.
Should any one or more of the provisions of this Amendment be determined to be illegal or unenforceable as to one or more of the parties
hereto, all other provisions nevertheless shall remain effective and binding on the parties hereto.

 

(h)       Successors
and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns (subject to Section 10.06 of the Credit Agreement).

 

[Remainder of page intentionally left blank; signature
pages follow]

 

    6

     

    

 

The
following parties have caused this Amendment to be executed as of the date first written above.

 

	BORROWERS:	TETRA TECH, INC.
	 	TETRA TECH CANADA HOLDING CORPORATION
	 	Tetra Tech UK Holdings Limited
	 	Tetra Tech Coffey PTY LTD
	 	 
	 	By:	/s/ Steven M. Burdick
	 	Name:	Steven M. Burdick
	 	Title:	Treasurer
	 	 
	GUARANTORS:	ADVANCED MANAGEMENT TECHNOLOGY, INC.
	 	AMERICAN ENVIRONMENTAL GROUP, LTD.
	 	ARD, INC.
	 	ARDAMAN & ASSOCIATES, INC.
	 	COSENTINI ASSOCIATES, INC.
	 	GLUMAC
	 	INDUS CORPORATION
	 	MANAGEMENT SYSTEMS INTERNATIONAL, INC.
	 	PRO-TELLIGENT, LLC
	 	ROONEY ENGINEERING, INC.
	 	TETRA TECH BAS, INC.
	 	TETRA TECH CONSTRUCTION, INC.
	 	TETRA TECH EC, INC.
	 	TETRA TECH ES, INC.
	 	TETRA TECH TESORO, INC.
	 	TETRA TECH EXECUTIVE SERVICES, INC.
	 	TETRA TECH HOLDING LLC
	 	 
	 	By:	/s/ Steven M. Burdick
	 	Name:	Steven M. Burdick
	 	Title:	Treasurer

 

Amendment No. 2 to Second Amended and Restated
Credit Agreement

Signature Page

 

     

     

    

 

	ADMINISTRATIVE
    AGENT:	BANK OF AMERICA, N.A.,
	 	as Administrative Agent
	 	 
	 	By:	/s/ Maurice Washington
	 	Name:	Maurice Washington
	 	Title:	Vice President

 

     

     

    

 

	LENDERS:	BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender
	 	 
	 	By:	/s/ Mukesh Singh
	 	Name:	Mukesh Singh
	 	Title:	Director

 

Amendment No. 2 to Second Amended and Restated
Credit Agreement

Signature Page

 

     

     

    

 

	 	BANK OF MONTREAL, as a Lender and
a L/C Issuer
	 	 
	 	By:	/s/ Helen Alvarez-Hernandez
	 	Name:	Helen Alvarez-Hernandez
	 	Title:	Managing Director
	 	 
	 	By:	/s/ Michael Gift
	 	Name:	Michael Gift
	 	Title:	Managing Director, Chicago Branch
	 	 
	 	By:	/s/ Richard Pittam
	 	Name:	Richard Pittam
	 	Title:	Managing Director, on behalf of Bank of Montreal, London Branch
	 	 
	 	By:	/s/ Scott Matthews
	 	Name:	Scott Matthews
	 	Title:	CFO, on behalf of Bank of Montreal, London Branch

 

     

     

    

 

	 	U.S. BANK NATIONAL ASSOCIATION, as
a Lender and a L/C Issuer
	 	 
	 	By:	/s/ Jonathan F. Lindvall
	 	Name:	Jonathan F. Lindvall
	 	Title:	Senior Vice President

 

     

     

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender and a L/C Issuer
	 	 
	 	By:	/s/ Catherine Abe
	 	Name: 	Catherine Abe
	 	Title:	Senior Vice President

 

     

     

    

 

	 	HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender
	 	 
	 	By: 	/s/ Steve Zambriczki
	 	Name:	Steve Zambriczki         #22548
	 	Title:	Sr. Vice President

 

     

     

    

 

	 	THE BANK OF NOVA SCOTIA, as a Lender
	 	 
	 	By:	/s/ Catherine Jones
	 	Name:	Catherine Jones
	 	Title:	Managing Director

 

     

     

    

 

	 	BNP PARIBAS, as a Lender
	 	 
	 	By:	/s/ Richard Pace
	 	Name: 	Richard Pace
	 	Title:	Managing Director

 

	 	BNP PARIBAS, as a Lender
	 	 
	 	By:	/s/ Kyle Fitzpatrick
	 	Name:	Kyle Fitzpatrick
	 	Title:	Director

 

Amendment No. 2 to Second Amended and Restated
Credit Agreement

Signature Page

 

     

     

    

 

	 	CITY NATIONAL BANK, as a Lender
	 	 
	 	By: 	/s/ Katie McDowell
	 	Name:	Katie McDowell
	 	Title: 	Senior Vice President

 

Amendment No. 2 to Second Amended and Restated
Credit Agreement

Signature Page

 

     

     

    

 

ANNEX A

 

Credit Agreement

 

See attached.

 

     

     

    

 

 

 

Published Deal CUSIP Number: 88163BAF0

Revolving Credit Facility CUSIP Number: 88163BAG8

Term Loan Facility CUSIP Number: 88163BAJ2

 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

 

Dated as of July 30, 2018

 

among

 

TETRA TECH, INC.,

TETRA TECH CANADA HOLDING CORPORATION,

Tetra
Tech UK Holdings Limited, 

Tetra
Tech Coffey Pty Ltd

and

CERTAIN OTHER SUBSIDIARIES,

as Borrowers,

 

THE LENDERS PARTY HERETO,

 

BANK OF AMERICA, N.A., 

as Administrative Agent, Swing Line Lender and L/C Issuer,

 

BANK OF MONTREAL,

U.S. BANK NATIONAL ASSOCIATION

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Co-Syndication Agents and L/C Issuers,

 

BofA
SECURITIES, INC.,

BMO CAPITAL MARKETS,

U.S. BANK NATIONAL ASSOCIATION

and

WELLS FARGO SECURITIES, LLC,

as Joint Lead Arrangers,

 

BofA
SECURITIES, INC.,

as Sole Bookrunner

 

and

 

BofA
SECURITIES, INC.,

as Sustainability Coordinator

 

 

     

     

    

 

TABLE OF CONTENTS

 

	Section	 	Page

 

ARTICLE I.

DEFINITIONS AND ACCOUNTING TERMS

 

	1.01	Defined Terms	3
	1.02	Other Interpretive Provisions	37
	1.03	Accounting Terms	38
	1.04	Rounding	39
	1.05	Exchange Rates; Currency Equivalents	39
	1.06	Additional Alternative Currencies	39
	1.07	Change of Currency	40
	1.08	Times of Day	40
	1.09	Letter of Credit Amounts	40
	1.10	Accounting for Acquisitions and Divestitures	41
	1.11	Interest Rates	41

 

ARTICLE II.

THE COMMITMENTS AND CREDIT EXTENSIONS

 

	2.01	Loans	42
	2.02	Borrowings, Conversions and Continuations of Revolving Credit Loans	42
	2.03	Letters of Credit	44
	2.04	Swing Line Loans	53
	2.05	Prepayments	55
	2.06	Termination or Reduction of Revolving Credit Commitments	56
	2.07	Repayment of Loans	57
	2.08	Interest	57
	2.09	Fees	58
	2.10	Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate	58
	2.11	Evidence of Debt	59
	2.12	Payments Generally; Administrative Agent’s Clawback	59
	2.13	Sharing of Payments by Lenders	61
	2.14	Designated Borrowers	62
	2.15	Incremental Commitments	63
	2.16	Cash Collateral	66
	2.17	Defaulting Lenders	67
	2.18	Sustainability Adjustments	69

 

ARTICLE III.

TAXES, YIELD PROTECTION AND ILLEGALITY

 

	3.01	Taxes	71
	3.02	Illegality	76
	3.03	Inability to Determine Rates	76
	3.04	Increased Costs	78
	3.05	Compensation for Losses	79
	3.06	Mitigation Obligations; Replacement of Lenders	80
	3.07	Survival	80

 

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ARTICLE IV.

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

 

	4.01	Conditions of Initial Credit Extension	81
	4.02	Conditions to all Credit Extensions	82

 

ARTICLE V.

REPRESENTATIONS AND WARRANTIES

 

	5.01	Existence, Qualification and Power	83
	5.02	Authorization; No Contravention	83
	5.03	Governmental Authorization; Other Consents	84
	5.04	Binding Effect	84
	5.05	Financial Statements; No Material Adverse Effect	84
	5.06	Litigation	84
	5.07	No Default	84
	5.08	Ownership of Property; Liens	85
	5.09	Environmental Compliance	85
	5.10	Insurance	85
	5.11	Taxes	85
	5.12	ERISA Compliance	85
	5.13	Subsidiaries; Equity Interests	86
	5.14	Margin Regulations; Investment Company Act	86
	5.15	Disclosure	87
	5.16	Compliance with Laws	87
	5.17	Taxpayer Identification Number; Other Identifying Information	87
	5.18	Solvency	87
	5.19	Creation, Perfection and Priority of Liens	87
	5.20	Collateral	87
	5.21	Intellectual Property; Licenses, Etc.	88
	5.22	Representations as to Foreign Obligors	88
	5.23	OFAC	89
	5.24	Anti-Corruption Laws	89
	5.25	Affected Financial Institution	89
	5.26	Beneficial Ownership Certification	89
	5.27	Covered Entities	89

 

ARTICLE VI.

AFFIRMATIVE COVENANTS

 

	6.01	Financial Statements	89
	6.02	Certificates; Other Information	90
	6.03	Notices	92
	6.04	Payment of Obligations	92
	6.05	Preservation of Existence, Etc.	92
	6.06	Maintenance of Properties	93
	6.07	Maintenance of Insurance	93
	6.08	Compliance with Laws	93
	6.09	Books and Records	93
	6.10	Inspection Rights	93

 

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	6.11	Use of Proceeds	93
	6.12	Approvals and Authorizations	93
	6.13	Collateral; Additional Security; Additional Subsidiary Guarantors; Further Assurances	94
	6.14	Anti-Corruption Laws	96

 

ARTICLE VII.

NEGATIVE COVENANTS

 

	7.01	Liens	96
	7.02	Investments	98
	7.03	Indebtedness	99
	7.04	Fundamental Changes	100
	7.05	Dispositions	101
	7.06	Restricted Payments	102
	7.07	Change in Nature of Business	102
	7.08	Transactions with Affiliates	102
	7.09	Burdensome Agreements	103
	7.10	Use of Proceeds	103
	7.11	Financial Covenants	103
	7.12	Amendment or Modification of Subordinated Indebtedness or Permitted Convertible Indebtedness	103
	7.13	Amendment or Modification of Organization Documents	104
	7.14	Payments of Subordinated Indebtedness or Permitted Convertible Indebtedness	104
	7.15	Unconditional Purchase Obligations	104
	7.16	Post-Closing Action	104
	7.17	Anti-Corruption Laws	104

 

ARTICLE VIII.

EVENTS OF DEFAULT AND REMEDIES

 

	8.01	Events of Default	104
	8.02	Remedies Upon Event of Default	106
	8.03	Application of Funds	107

 

ARTICLE IX.

ADMINISTRATIVE AGENT

 

	9.01	Appointment and Authority	108
	9.02	Rights as a Lender	109
	9.03	Exculpatory Provisions	109
	9.04	Reliance by Administrative Agent	110
	9.05	Delegation of Duties	110
	9.06	Resignation of Administrative Agent	111
	9.07	Non-Reliance on the Administrative Agent, the Arranger and the Other Lenders	112
	9.08	No Other Duties, Etc.	112
	9.09	Administrative Agent May File Proofs of Claim; Credit Bidding	112
	9.10	Collateral and Guaranty Matters	114
	9.11	Secured Cash Management Agreements, Secured Hedging Agreements and Secured Permitted Bilateral Letters of Credit	114
	9.12	Quebec Matters	115
	9.13	No Lender is an Employee Benefit Plan	115
	9.14	Recovery of Erroneous Payments	116

 

    iii 

     

    

 

ARTICLE X.

MISCELLANEOUS

 

	10.01	Amendments, Etc.	116
	10.02	Notices; Effectiveness; Electronic Communication	119
	10.03	No Waiver; Cumulative Remedies; Enforcement	121
	10.04	Expenses; Indemnity; Damage Waiver	122
	10.05	Payments Set Aside	123
	10.06	Successors and Assigns	123
	10.07	Treatment of Certain Information; Confidentiality	128
	10.08	Right of Setoff	129
	10.09	Interest Rate Limitation	129
	10.10	Integration; Effectiveness	129
	10.11	Survival of Representations and Warranties	129
	10.12	Severability	129
	10.13	Replacement of Lenders	130
	10.14	Governing Law; Jurisdiction; Etc.	130
	10.15	Waiver of Jury Trial	131
	10.16	No Advisory or Fiduciary Responsibility	132
	10.17	Electronic Execution; Electronic Records; Counterparts	132
	10.18	USA PATRIOT Act Notice	133
	10.19	Judgment Currency	133
	10.20	Acknowledgment and Consent to Bail-In of Affected Financial Institutions	134
	10.21	Release of Certain of Foreign Subsidiaries’ Obligations	134
	10.22	Acknowledgment Regarding Any Supported QFCs	135

 

    iv 

     

    

 

SCHEDULES

 

	1.01(e)	Existing Letters of Credit
	2.01	Commitments and Applicable Percentages
	2.18	Sustainability Table
	5.05	Supplement to Interim Financial Statements
	5.13	Subsidiaries; Equity Interests
	5.17	Identification Numbers for Designated Borrowers that are Foreign Subsidiaries
	7.01	Existing Liens
	7.02	Existing Investments
	7.03	Existing Indebtedness
	7.16	Post-Closing Action
	10.02	Administrative Agent’s Office; Certain Addresses for Notices

  

EXHIBITS

 

	 	Form of
	A	Loan Notice
	B	Swing Line Loan Notice
	C-1	Revolving Credit Note
	C-2	Term Loan Note
	D	Compliance Certificate
	E	Assignment and Assumption
	F	Designated Borrower Request and Assumption Agreement
	G	Designated Borrower Notice
	H	Letter of Credit Report
	I	Pricing Certificate

 

    v 

     

    

 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

 

This SECOND AMENDED AND RESTATED
CREDIT AGREEMENT (this “Agreement”) is entered into as of July 30, 2018, among TETRA TECH, INC., a Delaware corporation
(the “Company”), TETRA TECH CANADA HOLDING CORPORATION, Tetra Tech UK Holdings
Limited (formerly known as Coffey UK Limited), TETRA TECH COFFEY Pty Ltd (formerly
known as Coffey Services Australia Pty Ltd) and CERTAIN OTHER SUBSIDIARIES OF THE COMPANY PARTY HERETO PURSUANT TO SECTION 2.14
(each a “Designated Borrower” and, together with the Company, the “Borrowers” and, each a “Borrower”),
each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”),
BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer, BANK OF MONTREAL, as an L/C Issuer, u.s.
bank, national association, as an L/C Issuer, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as an L/C Issuer.

 

RECITALS:

 

A.       The
Company, certain of its Subsidiaries party thereto as “Designated Borrowers”, Bank of America, N.A, as administrative agent,
and the lenders party thereto (the “Existing Lenders”) entered into that certain Amended and Restated Credit Agreement
dated as of May 7, 2013 (as amended, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”),
pursuant to which the Existing Lenders have made available to the Company and such Subsidiaries a revolving credit facility, with a letter
of credit subfacility, a swing line loan subfacility and a multicurrency subfacility, and a term loan facility.

 

B.       The
Company has requested that the Existing Credit Agreement be amended and restated, among other things, to extend the maturity date of
the revolving credit facility and the term loan facility, make an additional advance under the term loan facility and make certain other
changes as set forth herein, and the Administrative Agent and the Lenders are willing to make such amendments to the Existing Credit
Agreement.

 

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

 

(i)       Simultaneously
with the Closing Date, (A) the commitments of Existing Lenders under the Existing Credit Agreement who elect not to continue as Lenders
under this Agreement shall be terminated and a portion of the Loans made on the Closing Date shall be used to repay all principal, interest
and fees owing to such Existing Lenders with respect to their Loans (as defined in the Existing Credit Agreement) on the Closing Date,
(B) the Commitments and Applicable Percentages of each of the Lenders under this Agreement shall be as set forth on Schedule 2.01,
(C) the outstanding amount of Term Loans (as defined in the Existing Credit Agreement) shall be reallocated among the Term Loan Lenders
as Term Loans hereunder in accordance with their respective Applicable Percentages of the Term Loan Facility hereunder and the requisite
assignments shall be deemed to be made in such amounts among the Term Loan Lenders party hereto to the extent necessary to make such
reallocation, with the same force and effect as if such assignments were evidenced by applicable Assignments and Assumptions (as defined
in the Existing Credit Agreement) under the Existing Credit Agreement or applicable Assignments and Assumptions hereunder, but without
the payment of any related assignment fee, (D) the outstanding amount of Revolving Credit Loans (as defined in the Existing Credit Agreement)
shall be reallocated among the Revolving Credit Lenders as Revolving Credit Loans hereunder in accordance with their respective Applicable
Revolving Credit Percentages hereunder and the requisite assignments shall be deemed to be made in such amounts among the Revolving Credit
Lenders party hereto to the extent necessary to make such reallocation, with the same force and effect as if such assignments were evidenced
by applicable Assignments and Assumptions (as defined in the Existing Credit Agreement) under the Existing Credit Agreement or applicable
Assignments and Assumptions hereunder, but without the payment of any related assignment fee, (E) the swing line subfacility under the
Existing Credit Agreement shall continue as the swing line subfacility hereunder, with the Swing Line Sublimit set out herein, and the
Swing Line Loans (as defined in the Existing Credit Agreement), if any, shall continue as and deemed to be Swing Line Loans hereunder,
and (F) the letter of credit subfacility provided in the Existing Credit Agreement shall continue as the Letter of Credit facility hereunder
and the Existing Letters of Credit (as defined herein) shall be deemed to be Letters of Credit issued hereunder.

 

     

     

    

 

(ii)       Notwithstanding
anything to the contrary in Section 10.06 of the Existing Credit Agreement or Section 10.06 of this Agreement, no other
documents or instruments, including any Assignment and Assumption, shall be executed in connection with the assignments contemplated
in paragraph (i) above (all of which requirements are hereby waived), and such assignments shall be deemed to be made with all applicable
representations, warranties and covenants as if evidenced by an Assignment and Assumption. On the Closing Date, the applicable Lenders
shall make full cash settlement with one another (including with any Lender whose commitments are being decreased or terminated), either
directly or through the Administrative Agent, as the Administrative Agent may direct or approve, with respect to all assignments, reallocations
and other changes in Commitments, such that after giving effect to such settlements each Lender shall have funded its Applicable Percentage
of the Outstanding Amount of all Loans.

 

(iii)       The
Company (on behalf of itself and any Designated Borrowers party to the Existing Credit Agreement but not party hereto), the other Borrowers,
the Administrative Agent, the L/C Issuer, the Swing Line Lender and the Lenders hereby agree that upon the effectiveness of this Agreement,
the terms and provisions of the Existing Credit Agreement which in any manner govern or evidence the Obligations, the rights and interests
of the Administrative Agent, the L/C Issuer, the Swing Line Lender and the Lenders and any terms, conditions or matters related to any
thereof, shall be and hereby are amended and restated in their entirety by the terms, conditions and provisions of this Agreement, and
the terms and provisions of the Existing Credit Agreement, except as otherwise expressly provided herein, shall be superseded by this
Agreement.

 

(iv)       Notwithstanding
the amendment and restatement of the Existing Credit Agreement and of any related “Loan Documents” (as such term is defined
in the Existing Credit Agreement and referred to herein, individually or collectively, as the “Existing Loan Documents”),
(A) all Obligations (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement and other Existing
Loan Documents as of the Closing Date (the “Existing Obligations”) shall continue as Obligations hereunder, (B) each
of this Agreement, the Notes and the other Loan Documents is given as a substitution or supplement of, as the case may be, and not as
a payment of, any of the Existing Obligations of the Borrowers and the Guarantors (as herein defined) under the Existing Credit Agreement
or any other Existing Loan Document and is not intended to constitute a novation thereof or of any of the other Existing Loan Documents,
and (C) certain of the Existing Loan Documents will remain in full force and effect, as set forth in this Agreement. Upon the effectiveness
of this Agreement, (A) all Revolving Credit Loans, Term Loans and Swing Line Loans (each as defined in the Existing Credit Agreement)
outstanding under the Existing Credit Agreement as of the Closing Date (other than those repaid on the Closing Date as provided in paragraph
(i) above) accruing interest with respect to the Base Rate (as defined in the Existing Credit Agreement) under the Existing Credit Agreement,
if any, shall constitute Revolving Credit Loans or Swing Line Loans, as the case may be, hereunder accruing interest at the Base Rate
hereunder and (B) all Term Loans and Revolving Credit Loans (each as defined in the Existing Credit Agreement) outstanding under the
Existing Credit Agreement as of the Closing Date (other than those repaid on the Closing Date as provided in paragraph (i) above) accruing
interest with respect to the Eurocurrency Rate (as defined in the Existing Credit Agreement) under the Existing Credit Agreement, shall
constitute Term Loans or Revolving Credit Loans, as the case may be, hereunder accruing interest at the Eurocurrency Rate hereunder without
terminating or restarting any Interest Period applicable thereto and not otherwise ending on the Closing Date (it being understood that
such Interest Period(s) shall continue in effect for the remaining duration thereof and the continuation or conversion of any such Loan
shall be subject to Section 2.02 hereof). The Administrative Agent and the Existing Lenders party hereto agree that the transactions
contemplated in these paragraphs (i) through (iv) shall not give rise to any obligation of any Borrower to make any payment under Section
3.05 of the Existing Credit Agreement (except as may be requested by any Existing Lender not electing to become a Lender hereunder).

 

    2

     

    

 

ARTICLE
I.

DEFINITIONS AND ACCOUNTING TERMS

 

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

 

“Acquisition”,
by any Person, means the acquisition by such Person, in a single transaction or in a series of related transactions, of all or any substantial
portion of the property of another Person (or any division or other business unit of such other Person) or at least a majority of the
voting stock of another Person, in each case whether or not involving a merger or consolidation with such other Person and whether for
cash, property, services, assumption of Indebtedness, securities or otherwise.

 

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

 

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

 

“Administrative
Questionnaire” means an administrative questionnaire in substantially the form supplied or approved by the Administrative Agent.

 

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

 

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

 

“Agent Fee Letter”
has the meaning specified in the definition of Fee Letters.

 

“Aggregate Commitments”
means the Commitments of all the Lenders.

 

“Aggregate Revolving
Credit Commitments” means the Revolving Credit Commitments of all the Revolving Credit Lenders.

 

“Agreed Currency”
means Dollars or any Alternative Currency, as applicable.

 

“Agreement”
means this Credit Agreement.

 

“Agreement Currency”
has the meaning specified in Section 10.19.

 

    3

     

    

 

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

 

“Alternative Currency
Daily Rate” means, for any day, with respect to any Credit Extension:

 

(a)       denominated
in Sterling, the rate per annum equal to SONIA determined pursuant to the definition thereof plus the SONIA Adjustment; and

 

(b)       denominated
in any other Alternative Currency (to the extent such Loans denominated in such currency will bear interest at a daily rate), the daily
rate per annum as designated with respect to such Alternative Currency at the time such Alternative Currency is approved by the Administrative
Agent and the relevant Lenders pursuant to Section 1.06(a) plus the adjustment (if any) determined by the Administrative
Agent and the relevant Lenders pursuant to Section 1.06(a);

 

provided, that, if any Alternative Currency
Daily Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. Any change in an Alternative Currency
Daily Rate shall be effective from and including the date of such change without further notice.

 

“Alternative Currency
Daily Rate Loan” means a Revolving Credit Loan that bears interest at a rate based on the definition of “Alternative
Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

 

“Alternative Currency
Equivalent” means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable
Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, by reference to Bloomberg (or such
other publicly available service for displaying exchange rates), to be the exchange rate for the purchase of such Alternative Currency
with Dollars at approximately 11:00 a.m. on the date two (2) Business Days prior to the date as of which the foreign exchange computation
is made; provided, however, that if no such rate is available, the “Alternative Currency Equivalent” shall
be determined by the Administrative Agent or the L/C Issuer, as the case may be, using any reasonable method of determination its deems
appropriate in its sole discretion (and such determination shall be conclusive absent manifest error).

 

“Alternative Currency
Loan” means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

 

“Alternative Currency
Sublimit” means an amount equal to the lesser of (a) the Aggregate Revolving Credit Commitments and (b) $300,000,000. The Alternative
Currency Sublimit is part of, and not in addition to, the Aggregate Revolving Credit Commitments.

 

“Alternative Currency
Term Rate” means, for any Interest Period, with respect to any Credit Extension:

 

(a)       denominated
in Euros, the rate per annum equal to the Euro Interbank Offered Rate (“EURIBOR”), as published on the applicable
Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative
Agent from time to time) on the day that is two TARGET Days preceding the first day of such Interest Period with a term equivalent to
such Interest Period;

 

(b)       denominated
in Canadian dollars, the rate per annum equal to the Canadian Dollar Offered Rate (“CDOR”), as published on the applicable
Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative
Agent from time to time) (in such case, the “CDOR Rate”) on the Rate Determination Date with a term equivalent to
such Interest Period;

 

    4

     

    

 

(c)       denominated
in Australian dollars, the rate per annum equal to the Bank Bill Swap Reference Bid Rate (“BBSY”), as published on
the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the
Administrative Agent from time to time) on the Rate Determination Date with a term equivalent to such Interest Period; and

 

(d)       denominated
in any other Alternative Currency (to the extent such Loans denominated in such currency will bear interest at a term rate), the term
rate per annum as designated with respect to such Alternative Currency at the time such Alternative Currency is approved by the Administrative
Agent and the relevant Lenders pursuant to Section 1.06(a) plus the adjustment (if any) determined by the Administrative
Agent and the relevant Lenders pursuant to Section 1.06(a);

 

provided, that, if any Alternative Currency
Term Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

 

“Alternative Currency
Term Rate Loan” means a Revolving Credit Loan that bears interest at a rate based on the definition of “Alternative Currency
Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

 

“Amendment No. 2
Effective Date” means February 18, 2022.

 

“Applicable Authority”
means (a) with respect to SOFR, the SOFR Administrator or any Governmental Authority having jurisdiction over the Administrative Agent
or the SOFR Administrator and (b) with respect to any Alternative Currency, the applicable administrator for the Relevant Rate for such
Alternative Currency or any Governmental Authority having jurisdiction over the Administrative Agent or such administrator.

 

“Applicable Commitment
Fee Percentage” has the meaning assigned to it in the definition of Applicable Rate.

 

“Applicable Interest
Rate Percentage” has the meaning assigned to it in the definition of Applicable Rate.

 

“Applicable Percentage”
means (a) in respect of the Term Loan Facility, with respect to any Term Loan Lender at any time, the percentage (carried out to the
ninth decimal place) of the Term Loan Facility represented by the sum of such Term Loan Lender’s unused Term Loan Commitment at
such time plus the principal amount of such Term Loan Lender’s Term Loans outstanding at such time, and (b) in respect of
the Revolving Credit Facility, with respect to any Revolving Credit Lender at any time, the percentage (carried out to the ninth decimal
place) of the Aggregate Revolving Credit Commitments represented by such Revolving Credit Lender’s Revolving Credit Commitment
at such time, in each case, subject to adjustment as provided in Section 2.17. If the commitment of each Revolving Credit Lender
to make Revolving Credit Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section
8.02, or if the Aggregate Revolving Credit Commitments have expired, then the Applicable Percentage of each Revolving Credit Lender
in respect of the Revolving Credit Facility shall be determined based on the Applicable Percentage of such Revolving Credit Lender in
respect of the Revolving Credit Facility most recently in effect, giving effect to any subsequent assignments and to any Lender’s
status as a Defaulting Lender at the time of determination. The initial Applicable Percentage of each Lender in respect of each Facility
is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender
becomes a party hereto, as applicable.

 

    5

     

    

 

“Applicable Rate”
means the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate
received by the Administrative Agent pursuant to Section 6.02(a):

 

	Pricing
 Level
	 	Consolidated

                                            
 Leverage Ratio
	 	Commitment
                                            
 Fee
	 	 	Term SOFR

    Loans, Letter of

    Credit Fee and

    Alternative

    Currency Loans	 	 	Base
                                            

                                            
 Rate Loans
	 
	I	 	Less than 0.75 to 1.00	 	 	0.125	%	 	 	1.000	%	 	 	0.000	%
	II	 	Greater than or equal to 0.75 to 1.00 but
    less than 1.25 to 1.00	 	 	0.150	%	 	 	1.125	%	 	 	0.125	%
	III	 	Greater than or equal to 1.25 to 1.00 but
    less than 1.75 to 1.00	 	 	0.175	%	 	 	1.250	%	 	 	0.250	%
	IV	 	Greater than or equal to 1.75 to 1.00 but
    less than 2.25 to 1.00	 	 	0.200	%	 	 	1.375	%	 	 	0.375	%
	V	 	Greater than or equal to 2.25 to 1.00 but
    less than 2.75 to 1.00	 	 	0.250	%	 	 	1.625	%	 	 	0.625	%
	VI	 	Greater than or equal to 2.75 to 1.00	 	 	0.300	%	 	 	1.875	%	 	 	0.875	%

 

Any increase or decrease
in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day
immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, however,
that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Term
Loan Lenders (in the case of the Term Loan Facility) and the Required Revolving Credit Lenders (in the case of the Revolving Credit Facility),
Pricing Level VI shall apply in respect of the Term Loan Facility and the Revolving Credit Facility, in each case as of the first Business
Day after the date on which such Compliance Certificate was required to have been delivered until the first Business Day after such Compliance
Certificate is delivered. The Applicable Rate in effect from the Amendment No. 2 Effective Date until the first Business Day following
the delivery of the Compliance Certificate for the fiscal quarter ending on January 2, 2022 shall be determined based upon Pricing Level
II. The Applicable Rate with respect to Term SOFR Loans, Letter of Credit Fees, Alternative Currency Loans and Base Rate Loans may be
referred to herein as the “Applicable Interest Rate Percentage” and the Applicable Rate with respect to the Commitment
Fee may be referred to herein as the “Applicable Commitment Fee Percentage”.

 

Notwithstanding anything
to the contrary contained in this definition, the determination of the Applicable Rate for any period shall be subject to the provisions
of Section 2.10(b). It is hereby understood and agreed that notwithstanding the foregoing, (a) the Applicable Commitment Fee Percentage
shall be adjusted from time to time based upon the Sustainability Fee Adjustment (to be calculated and applied as set forth in Section
2.18) and (b) the Applicable Interest Rate Percentage shall be adjusted from time to time based upon the Sustainability Rate Adjustment
(to be calculated and applied as set forth in Section 2.18).

 

    6

     

    

 

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

 

“Applicable Time”
means, with respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative
Currency as may be determined by the Administrative Agent or the L/C Issuer, as the case may be, to be necessary for timely settlement
on the relevant date in accordance with normal banking procedures in the place of payment.

 

“Applicant Borrower”
has the meaning specified in Section 2.14.

 

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

 

“Arrangers”
means BofA Securities, BMO Capital Markets, U.S. Bank and Wells Fargo Securities, LLC in their capacity as joint lead arrangers.

 

“Assignment and
Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose
consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit E
or any other form (including electronic documentation generated by MarkitClear or other electronic platform) approved by the Administrative
Agent.

 

“Attributable Indebtedness”
means, on any date, (a) in respect of any capital lease of any Person, the capitalized amount thereof that would appear on a balance
sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized
amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such
date in accordance with GAAP if such lease were accounted for as a capital lease.

 

“Audited Financial
Statements” means the audited consolidated balance sheet of the Company and its Subsidiaries for the fiscal year ended October
3, 2021, and the related consolidated statements of income or operations, stockholders’ equity and cash flows for such fiscal year
of the Company and its Subsidiaries, including the notes thereto.

 

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

 

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

 

“Australian Dollar”
or “Aus $” means the lawful currency of Australia.

 

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

 

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

 

    7

     

    

 

“Bail-In Legislation”
means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the
Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from time to time which
is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking
Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution
of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration
or other insolvency proceedings).

 

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

 

“Base Rate”
means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest
in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” (c) Term SOFR plus
1.00% and (d) 1.00%. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s
costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which
may be priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at
the opening of business on the day specified in the public announcement of such change. If the Base Rate is being used as an alternate
rate of interest pursuant to Section 3.03 hereof, then the Base Rate shall be the greater of clauses (a), (b) and (d)
above and shall be determined without reference to clause (c) above.

 

“Base Rate Loan”
means a Loan that bears interest based on the Base Rate. All Base Rate Loans are available only to U.S. Borrowers and shall be denominated
in Dollars.

 

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

 

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

 

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

 

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

 

“BofA Securities”
means BofA Securities, Inc. (formerly known as Merrill Lynch, Pierce, Fenner & Smith Incorporated) and its successors.

 

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

 

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

 

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

 

    8

     

    

 

“Business Day”
means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are
in fact closed in, the state where the Administrative Agent’s Office is located; provided that

 

(a)       if
such day relates to any interest rate settings as to an Alternative Currency Loan denominated in Euro, any fundings, disbursements, settlements
and payments in Euro in respect of any such Alternative Currency Loan, or any other dealings in Euro to be carried out pursuant to this
Agreement in respect of any such Alternative Currency Loan, means a Business Day that is also a TARGET Day;

 

(b)       if
such day relates to any interest rate settings as to an Alternative Currency Loan denominated in Sterling, means a day other than a day
banks are closed for general business in London because such day is a Saturday, Sunday or a legal holiday under the laws of the United
Kingdom; and

 

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

 

“Canadian Dollar”
or “Can $” means the lawful currency of Canada.

 

“Captive Insurance
Subsidiary” means any Subsidiary of the Company operating a regulated captive insurance program permitted by Section 6.07
for the benefit of one or more of the Company and its Subsidiaries.

 

“Cash Collateralize”
means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the L/C Issuer or the Revolving
Credit Lenders and PBLOC Banks, as collateral for L/C Obligations, Secured Permitted Bilateral Letters of Credit or obligations of Revolving
Credit Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or, if the Administrative Agent
and the L/C Issuer shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance
satisfactory to (a) the Administrative Agent and (b) the L/C Issuer. “Cash Collateral” shall have a meaning correlative to
the foregoing and shall include the proceeds of such cash collateral and other credit support.

 

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

 

“Cash Management
Bank” means any Person that, (a) at the time it enters into a Cash Management Agreement with a Loan Party, is a Lender or an
Affiliate of a Lender, or (b) at the time it (or its Affiliate) becomes a Lender, is a party to a Cash Management Agreement with a Loan
Party, in each case in its capacity as a party to such Cash Management Agreement.

 

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

 

    9

     

    

 

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

 

(a)       any
 “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934,
but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee,
agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and
13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership”
of all securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the
passage of time (such right, an “option right”)), directly or indirectly, of 25% or more of the equity securities
of the Company entitled to vote for members of the board of directors or equivalent governing body of the Company on a fully-diluted
basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right);

 

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

 

(c)       any
Person or two or more Persons acting in concert shall have acquired by contract or otherwise, or shall have entered into a contract or
arrangement that, upon consummation thereof, will result in its or their acquisition of the power to exercise, directly or indirectly,
a controlling influence over the management or policies of the Company, or control over the equity securities of the Company entitled
to vote for members of the board of directors or equivalent governing body of the Company on a fully-diluted basis (and taking into account
all such securities that such Person or group has the right to acquire pursuant to any option right) representing 25% or more of the
combined voting power of such securities.

 

“Closing Date”
means the first date all of the conditions precedent in Section 4.01 are satisfied or waived in accordance with Section 10.01.

 

“CME”
means CME Group Benchmark Administration Limited.

 

“CO2e Emissions”
means carbon dioxide equivalent emissions, which shall be determined in metric tons and shall include Scope 1 (direct), 2 (energy indirect,
location-based) and 3 (supply chain) emissions according to the World Resources Institute (WRI) and the World Business Council for Sustainable
Development (WBCSD) Greenhouse Gas Protocols. Emission factors shall be applied based on the location of the reporting entity/facility,
which include those from the US Environmental Protection Agency, UK Department for Environment, Food & Rural Affairs, French ADEME,
Environment Canada, and Environment Australia, as well as international emission factors from the Intergovernmental Panel on Climate
Change and the International Energy Agency. The consolidation methodology for CO2e Emissions shall use an operational control approach.

 

    10

     

    

 

“CO2e Impact Baseline”
means, for the fiscal year of the Company ended October 3, 2021, as reported in the Sustainability Report, the estimated amount of CO2e
Emissions either removed or anticipated to be removed on an annual basis as a result of land and water ecosystem management (e.g. forest
restoration; coral reef management), renewable energy (e.g. wind and solar power), building decarbonization (e.g. campus/commercial building
retrofits and “decarbonization”) and carbon emissions management (e.g. clean trucks grant program at ports; landfill gas
capture) projects of the Company and its Subsidiaries that are active, or have been completed and remain in operation, as of the last
day of such fiscal year.

 

“CO2e Impact Percentage”
means, for any fiscal year of the Company as reported in the Sustainability Report, the amount (expressed as a percentage) of:

 

(a)        the
sum of the following:

 

(i)        the
estimated amount of CO2e Emissions either removed or anticipated to be removed on an annual basis as a result of land and water ecosystem
management (e.g. forest restoration; coral reef management), renewable energy (e.g. wind and solar power), building decarbonization (e.g.
campus/commercial building retrofits and “decarbonization”) and carbon emissions management (e.g. clean trucks grant program
at ports; landfill gas capture) projects of the Company and its Subsidiaries that are active, or have been completed and remain in operation,
as of the last day of such fiscal year; plus

 

(ii)        the
difference of (A) the estimated amount of CO2e Emissions from the operations of all of the Company and its Subsidiaries during fiscal
year 2021 minus (B) the estimated amount of CO2e Emissions from the operations of all of the Company and its Subsidiaries during
such fiscal year;

 

divided by

 

(b)        the
CO2e Impact Baseline.

 

“CO2e Impact Target
A” means, with respect to any fiscal year, the CO2e Impact Target A for such fiscal year as set forth in the Sustainability
Table.

 

“CO2e Impact Threshold
A” means, with respect to any fiscal year, the CO2e Impact Threshold A for such fiscal year as set forth in the Sustainability
Table.

 

“Code”
means the Internal Revenue Code of 1986.

 

“Collateral”
means, collectively, all personal and real property of the Company, any Subsidiary of the Company or any other Person in which the Administrative
Agent is granted a Lien under any Security Instrument as security for all or any portion of the Obligations or any other obligation arising
under any Loan Document.

 

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

 

“Commitment Fee”
has the meaning specified in Section 2.09(a).

 

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

 

    11

     

    

 

“Communication”
means this Agreement, any Loan Document and any document, any amendment, approval, consent, information, notice, certificate, request,
statement, disclosure or authorization related to any Loan Document.

 

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

 

“Company Guaranty”
means the Second Amended and Restated Company Guaranty dated as of the Closing Date made by the Company in favor of the Administrative
Agent for the benefit of the Secured Parties.

 

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

 

“Conforming Changes”
means, with respect to the use, administration of or any conventions associated with SOFR, SONIA, EURIBOR, or any proposed Successor
Rate for an Agreed Currency or Term SOFR, as applicable, any conforming changes to the definitions of “Base Rate”, “SOFR”,
 “SONIA”, “EURIBOR”, “Interest Period”, timing and frequency of determining rates and making payments
of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definitions of “Business
Day” and “U.S. Government Securities Business Day”, timing of borrowing requests or prepayment, conversion or continuation
notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption
and implementation of such applicable rate(s) and to permit the administration thereof by the Administrative Agent in a manner substantially
consistent with market practice for such Agreed Currency (or, if the Administrative Agent determines that adoption of any portion of
such market practice is not administratively feasible or that no market practice for the administration of such rate for such Agreed
Currency exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection
with the administration of this Agreement and any other Loan Document).

 

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

 

“Consolidated EBITDA”
means, for any period, for the Company and its Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income for such
period plus (a) the following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Charges
for such period, (ii) the tax expense for Federal, state, local and foreign income taxes of the Company and its Subsidiaries for such
period (net of tax benefit), (iii) depreciation and amortization expense for such period, (iv) other non-recurring expenses of the Company
and its Subsidiaries reducing such Consolidated Net Income which do not represent a cash item in such period or any future period, (v)
cost of employee services received in share-based payment transactions (in accordance with FASB ASC 718) which do not represent a cash
item in such period or any future period and (vi) [reserved] and minus (b) to the extent included in calculating such Consolidated
Net Income, all non-cash items increasing Consolidated Net Income for such period.

 

“Consolidated Funded
Indebtedness” means, as of any date of determination, for the Company and its Subsidiaries on a consolidated basis, the sum
of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including Obligations hereunder)
and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments, (b) all purchase money Indebtedness,
(c) all direct obligations arising under letters of credit (including standby and commercial letters of credit, but limited, in the case
of non-financial performance letters of credit, to drawn and unreimbursed amounts), bankers’ acceptances, bank guaranties, surety
bonds (limited as to surety bonds to non-contingent obligations with respect thereto) and similar instruments, (d) all obligations in
respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business),
(e) Attributable Indebtedness in respect of capital leases and Synthetic Lease Obligations, (f) without duplication, all Guarantees with
respect to outstanding Indebtedness of the types specified in clauses (a) through (e) above of Persons other than the Company
or any Subsidiary and (g) all Indebtedness of the types referred to in clauses (a) through (f) above of any partnership
or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which the Company or a Subsidiary
is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Company or such Subsidiary.

 

    12

     

    

 

“Consolidated Interest
Charges” means, for any period, for the Company and its Subsidiaries on a consolidated basis, the sum of (a) all interest,
premium payments, debt discount, fees, charges and related expenses of the Company and its Subsidiaries in connection with borrowed money
(including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest
in accordance with GAAP, and (b) the portion of rent expense of the Company and its Subsidiaries with respect to such period under
capital leases that is treated as interest in accordance with GAAP.

 

“Consolidated Interest
Coverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four prior
fiscal quarters ending on such date to (b) Consolidated Interest Charges during such period.

 

“Consolidated Leverage
Ratio” means, as of any date of determination, the ratio of (a) the remainder of (i) Consolidated Funded Indebtedness
as of such date minus (ii) up to $50,000,000 of obligations in respect of earnouts payable in connection with Permitted Acquisitions
constituting Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters
most recently ended.

 

“Consolidated Net
Income” means, for any period, for the Company and its Subsidiaries on a consolidated basis, the net income of the Company
and its Subsidiaries (excluding extraordinary gains and extraordinary losses) for that period.

 

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

 

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

 

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

 

“Covered Entity”
has the meaning specified in Section 10.22(b).

 

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

 

“Debtor Relief Laws”
means the Bankruptcy Code of the United States, and all other liquidation, 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.

 

    13

     

    

 

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

 

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

 

“Defaulting Lender”
means, subject to Section 2.17(b), any Lender that (a) has failed to (i) fund
all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender
notifies the Administrative Agent and the Company in writing that such failure is the result of such Lender’s determination that
one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically
identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the L/C Issuer, the Swing Line Lender or
any other Lender any other amount required to be paid by it hereunder (including, in the case of any Revolving Credit Lender, in respect
of its participation in Letters of Credit or Swing Line Loans) within two Business Days of the date when due, (b) has notified the Company,
the Administrative Agent, the L/C Issuer or the Swing Line Lender in writing that it does not intend to comply with its funding obligations
hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation
to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding
(which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement)
cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Company, to
confirm in writing to the Administrative Agent and the Company that it will comply with its prospective funding obligations hereunder
(provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written
confirmation by the Administrative Agent and the Company), or (d) has, or has a direct or indirect parent company that has, (i) become
the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator,
assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including
the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or (iii) become
the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or
acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long
as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United
States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority)
to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative
Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the effective
date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender
(subject to Section 2.17(b)) as of the date established therefor by the Administrative Agent in a written notice of such determination,
which shall be delivered by the Administrative Agent to the Company, the L/C Issuer, the Swing Line Lender and each other Lender promptly
following such determination.

 

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

 

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

 

    14

     

    

 

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

 

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

 

“Disposition”
or “Dispose” means the sale, transfer, license, lease or other disposition (in one transaction or in a series of transactions
and whether effected pursuant to a Division or otherwise) of any property by any Person (including any sale and leaseback transaction
and any issuance of Equity Interests by a Subsidiary of such Person), including any sale, assignment, transfer or other disposal, with
or without recourse, of any notes or accounts receivable or any rights and claims associated therewith.

 

“Dividing Person”
has the meaning assigned to it in the definition of “Division.”

 

“Division”
means the division of the assets, liabilities and/or obligations of a Person (the “Dividing Person”) among two or
more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing
Person and pursuant to which the Dividing Person may or may not survive.

 

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

 

“Dollar Equivalent”
means, for any amount, at the time of determination thereof, (a) if such amount is expressed in Dollars, such amount, (b) if such amount
is expressed in an Alternative Currency, the equivalent of such amount in Dollars determined by using the rate of exchange for the purchase
of Dollars with the Alternative Currency last provided (either by publication or otherwise provided to the Administrative Agent or the
L/C Issuer, as applicable) by the applicable Bloomberg source (or such other publicly available source for displaying exchange rates)
on date that is two (2) Business Days immediately preceding the date of determination (or if such service ceases to be available or ceases
to provide such rate of exchange, the equivalent of such amount in Dollars as determined by the Administrative Agent or the L/C Issuer,
as applicable using any method of determination it deems appropriate in its sole discretion) and (c) if such amount is denominated in
any other currency, the equivalent of such amount in Dollars as determined by the Administrative Agent or the L/C Issuer, as applicable,
using any method of determination it deems appropriate in its sole discretion. Any determination by the Administrative Agent or the L/C
Issuer pursuant to clauses (b) or (c) above shall be conclusive absent manifest error.

 

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

 

“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.

 

    15

     

    

 

“Electronic Copy”
shall have the meaning specified in Section 10.17.

 

“Electronic Record”
and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may
be amended from time to time.

 

“Elevated Ratio
Period” has the meaning specified in Section 7.11(b).

 

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

 

“Eligible Currency”
means any lawful currency other than Dollars that is readily available, freely transferable and convertible into Dollars in the international
interbank market available to the Lenders in such market and as to which a Dollar Equivalent may be readily calculated. If, after the
designation by the Lenders of any currency as an Alternative Currency, any change in currency controls or exchange regulations or any
change in the national or international financial, political or economic conditions are imposed in the country in which such currency
is issued, result in, in the reasonable opinion of the Administrative Agent (in the case of any Loans to be denominated in an Alternative
Currency) or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative Currency), (a) such currency no
longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar Equivalent is no longer readily calculable
with respect to such currency, (c) providing such currency is impracticable for the Lenders or (d) no longer a currency in which the
Required Lenders are willing to make such Credit Extensions (each of clauses (a), (b), (c), and (d) a “Disqualifying
Event”), then the Administrative Agent shall promptly notify the Lenders and the Company, and such country’s currency
shall no longer be an Alternative Currency until such time as the Disqualifying Event(s) no longer exist(s). Within five (5) Business
Days after receipt of such notice from the Administrative Agent, the Borrowers shall repay all Loans in such currency to which the Disqualifying
Event applies or convert such Loans into the Dollar Equivalent of Loans in Dollars, subject to the other terms contained herein.

 

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

 

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

 

“Equity Interests”
means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all
of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership
or profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other
ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such
shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or
trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are
outstanding on any date of determination.

 

    16

     

    

 

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

 

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

 

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

 

“ESG Positive Impact
Baseline” means, for the fiscal year of the Company ended October 3, 2021, as reported in the Sustainability Report, the estimated
number of people’s lives impacted as a result of projects of the Company and its Subsidiaries that are active, or have been completed
and remain in operation, as of the last day of such fiscal year that are focused on the generation of clean water, increasing sources
of renewable energy, restoring land and water environment or the provision of societal and governance benefits. Such estimate shall be
reported by location, shall be agreed to external client reports and internal company project records, shall be tested for any overlap
to prevent double counting and shall be based on the estimate determined for any project when it is being evaluated (without any adjustment
for future changes in population), in each case in accordance with the standards set forth in the Sustainability Report.

 

“ESG Positive Impact
Percentage” means, for any fiscal year of the Company as reported in the Sustainability Report, the amount (expressed as a
percentage) of:

 

(a)       the
estimated number of people’s lives impacted as a result of projects of the Company and its Subsidiaries that are active, or have
been completed and remain in operation, as of the last day of such fiscal year that are focused on the generation of clean water, increasing
sources of renewable energy, restoring land and water environment or the provision of societal and governance benefits;

 

divided by

 

(b)        the
ESG Positive Impact Baseline.

 

Such estimate in clause (a)
above shall be reported by location, shall be agreed to external client reports and internal company project records, shall be tested
for any overlap to prevent double counting and shall be based on the estimate determined for any project when it is being evaluated (without
any adjustment for future changes in population), in each case in accordance with the standards set forth in the Sustainability Report.

 

    17

     

    

 

  

“ESG Positive Impact
Target B” means, with respect to any fiscal year, the ESG Positive Impact Target B for such fiscal year as set forth in the
Sustainability Table.

 

“ESG Positive Impact
Threshold B” means, with respect to any fiscal year, the ESG Positive Impact Threshold B for such fiscal year as set forth in
the Sustainability Table.

 

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

 

“EURIBOR”
has the meaning specified in the definition of “Alternative Currency Term Rate”.

 

“Euro”
means the single currency of the Participating Member States.

 

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

 

“Excluded Subsidiary”
means a Subsidiary that is neither a Loan Party nor a Material Subsidiary nor a Material Domestic Subsidiary nor a Subsidiary that has
been selected by the Company to become a Subsidiary Guarantor (whether pursuant to Section 6.13 or otherwise).

 

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

 

“Excluded
Taxes” means any of the following Taxes imposed on or with respect to Recipient or required to be withheld or deducted
from payment to a Recipient, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes
imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the Laws of which such
recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable Lending
Office is located, or that are Other Connection Taxes (b) any branch profits taxes imposed by the United States or any similar tax
imposed by any other jurisdiction in which such Borrower is located, (c) any backup withholding tax that is required by the Code to
be withheld from amounts payable to a Lender that has failed to comply with clause (A) of Section 3.01(e)(ii), (d) in
the case of a Foreign Lender (other than an assignee pursuant to a request by the Company under Section 10.13), any United
States withholding tax that (i) is required to be imposed on amounts payable to such Foreign Lender pursuant to the Laws in force at
the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or (ii) is attributable to such Foreign
Lender’s failure or inability (other than as a result of a Change in Law) to comply with Section 3.01(e), except to the
extent that such Foreign 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 such Borrower with respect to such withholding tax pursuant to Section
3.01(a) and (e) any U.S. federal withholding Taxes imposed under FATCA. Notwithstanding anything to the contrary contained in
this definition, “Excluded Taxes” shall not include any withholding tax imposed at any time on payments made by or on
behalf of a Foreign Obligor to any Lender hereunder or under any other Loan Document, provided that such Lender shall have
complied with Section 3.01(e)(i).

 

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“Existing Credit
Agreement” has the meaning specified in the Recitals hereto.

 

“Existing Lenders”
has the meaning specified in the Recitals hereto.

 

“Existing Letters
of Credit” means those Letters of Credit described in Schedule 1.01(e) hereto.

 

“Facility”
means the Term Loan Facility or the Revolving Credit Facility, as the context may require.

 

“Facility Termination
Date” means the date as of which all of the following shall have occurred: (a) termination of the Aggregate Commitments, (b)
payment in full of all Obligations (other than (i) contingent indemnification obligations and (ii) obligations and liabilities under Secured
Cash Management Agreements, Secured Hedge Agreements and Secured Permitted Bilateral Letters of Credit as to which arrangements satisfactory
to the applicable Cash Management Bank, Hedge Bank or PBLOC Bank shall have been made) and (c) the expiration or termination of all Letters
of Credit and Secured Permitted Bilateral Letters of Credit (other than Letters of Credit or Secured Permitted Bilateral Letters of Credit
as to which other arrangements with respect thereto satisfactory to Administrative Agent and the L/C Issuer or the applicable PBLOC Bank,
as applicable, shall have been made).

 

“FASB ASC”
means the Accounting Standards Codification of the Financial Accounting Standards Board.

 

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

 

“Federal Funds Rate”
means, for any day, the rate per annum calculated by the Federal Reserve Bank of New York based on such day’s federal funds transactions
by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website
from time to time) and published on the next succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective
rate; provided that if the Federal Funds Rate as so determined would be less than zero, such rate shall be deemed to be zero for
purposes of this Agreement.

 

“Fee Letters”
means (i) the letter agreement, dated January 12, 2022, among the Company, Bank of America and BofA Securities (the “Agent Fee
Letter”), (ii) the letter agreement, dated June 25, 2018, among the Company, Bank of America and the Arrangers, (iii) the letter
agreement, dated as of the Amendment No. 2 Effective Date, between the Company and U.S. Bank, (iv) the letter agreement, dated June 25,
2018, between the Company and Bank of Montreal, (v) the letter agreement, dated as of the Amendment No. 2 Effective Date, between the
Company and Wells Fargo and (vi) any other letter agreement among the Company and any of the Arrangers, Lenders and/or the Administrative
Agent in connection with fees related to the Facilities.

 

“Foreign Lender”
means, with respect to any Borrower, any Lender that is organized under the Laws of a jurisdiction other than that in which such Borrower
is resident for tax purposes (including such a Lender when acting in the capacity of the L/C Issuer). For purposes of this definition,
the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.

 

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

 

“Foreign Government
Scheme or Arrangement” has the meaning set forth in Section 5.12(d).

 

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

 

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

 

“Fronting Exposure”
means, at any time there is a Defaulting Lender that is a Revolving Credit Lender, (a) with respect to the L/C Issuer, such Defaulting
Lender’s Applicable Percentage of the Outstanding Amount of all outstanding L/C Obligations other than L/C Obligations as to which
such Defaulting Lender’s participation obligation has been reallocated to other Revolving Credit Lenders or Cash Collateralized
in accordance with the terms hereof, and (b) with respect to the Swing Line Lender, such Defaulting Lender’s Applicable Percentage
of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated
to other Revolving Credit Lenders in accordance with the terms hereof.

 

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

 

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

 

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

 

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

 

    20

     

    

 

“Guaranties”
means the Company Guaranty and the Subsidiary Guaranty.

 

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

 

“Hedge Bank”
means any Person that, (a) at the time it enters into a Swap Contract is a Lender or an Affiliate of a Lender, or (b) at the time it (or
its Affiliate) becomes a Lender, is party to a Swap Contract, in each case, in its capacity as a party to such Swap Contract.

 

“Incremental Commitment”
has the meaning assigned to such term in Section 2.15(a).

 

“Incremental Commitment
Amendment” has the meaning assigned to such term in Section 2.15(d).

 

“Incremental Effective
Date” has the meaning assigned to such term in Section 2.15(e).

 

“Incremental Increase”
has the meaning assigned to such term in Section 2.15(a).

 

“Incremental Lender”
has the meaning assigned to such term in Section 2.15(c).

 

“Incremental Term
Loan” has the meaning assigned to such term in Section 2.15(a).

 

“Incremental Term
Loan Facility” has the meaning assigned to such term in Section 2.15(a).

 

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

 

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

 

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

 

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

 

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

 

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

 

(f)        capital
leases and Synthetic Lease Obligations;

 

    21

     

    

 

(g)       all
obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity Interest in such
Person or any other Person, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation
preference plus accrued and unpaid dividends; and

 

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

 

For all purposes hereof, the
Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself
a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is
expressly made non-recourse to such Person. The amount of any net obligation under any Swap Contract on any date shall be deemed to be
the Swap Termination Value thereof as of such date. The amount of any capital lease or Synthetic Lease Obligation as of any date shall
be deemed to be the amount of Attributable Indebtedness in respect thereof as of such date.

 

“Indemnified Taxes”
means Taxes other than Excluded Taxes.

 

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

 

“Information”
has the meaning specified in Section 10.07.

 

“Interest Payment
Date” means, (c) as to any Alternative Currency Term Rate Loan or Term SOFR Loan, the last day of each Interest Period applicable
to such Loan; provided, however, that if any Interest Period for any such Loan exceeds three months, the respective dates
that fall every three months after the beginning of such Interest Period shall be Interest Payment Dates, (b) as to any Base Rate Loan
(including a Swing Line Loan), the last Business Day of each March, June, September and December and the Maturity Date and (c) as to any
Alternative Currency Daily Rate Loan, the last Business Day of each month and the Maturity Date.

 

“Interest Period”
means, as to each Alternative Currency Term Rate Loan or Term SOFR Loan, the period commencing on the date such Alternative Currency Term
Rate Loan or Term SOFR Loan is disbursed or converted to or continued as an Alternative Currency Term Rate Loan or a Term SOFR Loan, as
applicable, and ending on the date one, three or six months thereafter for Alternative Currency Term Rate Loans (other than Alternative
Currency Term Rate Loans denominated in Canadian Dollars) or one or three months for Alternative Currency Term Rate Loans denominated
in Canadian Dollars and Term SOFR Loans, in each case, as selected by the Company in its Loan Notice (in the case of each requested Interest
Period, subject to availability); provided that:

 

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

 

(ii)       any
Interest Period pertaining to an Alternative Currency Term Rate Loan or a Term SOFR Loan that begins on the last Business Day of a calendar
month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall
end on the last Business Day of the calendar month at the end of such Interest Period; and

 

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

 

    22

     

    

 

“Investment”
means, as to any Person, any direct or indirect acquisition or investment by such Person (other than any equity swaps or options on the
capital stock of the Company entered into in connection with any Permitted Convertible Indebtedness), whether by means of (a) the purchase
or other acquisition of capital stock or other securities of another Person, (b) a loan, advance or capital contribution to, Guarantee
or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including
any partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor Guarantees Indebtedness
of such other Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person
that constitute a business unit. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested,
without adjustment for subsequent increases or decreases in the value of such Investment.

 

“IP Rights”
has the meaning specified in Section 5.21.

 

“IRS” means
the United States Internal Revenue Service.

 

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

 

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

 

“Judgment Currency”
has the meaning specified in Section 10.19.

 

“KPI Metric”
means each of the (a) CO2e Impact Percentage and (b) ESG Positive Impact Percentage.

 

“KPI Metrics Auditor”
means any auditing or consulting firm designated from time to time by the Company (or any replacement auditor or consulting firm as designated
from time to time by the Company in respect thereof); provided that any such KPI Metrics Auditor shall be a nationally recognized
auditing or consulting firm designated by the Company and reasonably acceptable to the Sustainability Coordinator.

 

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

 

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

 

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

 

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

 

    23

     

    

 

“L/C Issuer”
means (a) each of Bank of America, Bank of Montreal, U.S. Bank and Wells Fargo, in each case subject to such sublimits as such L/C Issuer
may establish with the Company from time to time for the issuance of Letters of Credit by such L/C Issuer under this Agreement, which
sublimits shall be, as of the Amendment No. 2 Effective Date, $25,000,000 (of which up to $6,250,000 may be used for financial Letters
of Credit) for each of Bank of America, Bank of Montreal, U.S. Bank and Wells Fargo, (b) any replacement letter of credit issuer arising
under Section 9.06 and (c) any other Lender or any Affiliate of a Lender which has agreed in a writing (which writing shall set
forth the initial sublimit for all Letters of Credit to be issued by such L/C Issuer under this Agreement) to become an “L/C Issuer”
hereunder and has been approved by the Company and the Administrative Agent; provided, in all cases that the aggregate sublimits
established by all L/C Issuers shall not exceed the Letter of Credit Sublimit then in effect. For the avoidance of doubt, any sublimit
that an L/C Issuer may establish for Letters of Credit to be issued by it shall be part of and not in addition to the Letter of Credit
Sublimit. All singular references to the L/C Issuer shall mean any L/C Issuer, the L/C Issuer that has issued the applicable Letter of
Credit, or all L/C Issuers, as the context may require.

 

“L/C Obligations”
means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus
the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under
any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09. For all purposes
of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder
by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount
so remaining available to be drawn.

 

“Lender”
has the meaning specified in the introductory paragraph hereto and, unless the context requires otherwise, includes the Swing Line Lender.

 

“Lender Parties”
and “Lender Recipient Parties” mean, collectively, the Lenders, the Swing Line Lender and the L/C Issuer.

 

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

 

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

 

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

 

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

 

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

 

“Letter of Credit
Sublimit” means an amount equal to the lesser of (a) the Aggregate Revolving Credit Commitments and (b) $100,000,000 (of which
no more than $25,000,000 shall be available at any time for financial Letters of Credit). The Letter of Credit Sublimit is part of, and
not in addition to, the Aggregate Revolving Credit Commitments.

 

    24

     

    

 

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

 

“Loan”
means a Revolving Credit Loan, a Swing Line Loan or a Term Loan.

 

“Loan Documents”
means, collectively, this Agreement, each Designated Borrower Request and Assumption Agreement, each Note, each Issuer Document, any agreement
creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.16, the Fee Letters, each Security Instrument
and the Guaranties.

 

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

 

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

 

“Material Adverse
Effect” means (a) a material adverse change in, or a material adverse effect upon, the operations, business, properties, liabilities
(actual or contingent), or condition (financial or otherwise) of the Company or the Company and its Subsidiaries taken as a whole; (b)
a material impairment of the ability of any Loan Party to perform its obligations under any Loan Document to which it is a party; or (c)
a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to
which it is a party.

 

“Material Domestic
Subsidiary” means, as of any date of determination, each direct or indirect Domestic Subsidiary of the Company that either (i)
has assets as of such date equal to 5% or more of the Consolidated Total Assets as of the last day of the four fiscal quarter period of
the Company most recently ended for which financial information is available or (ii) had revenues in such four fiscal quarter period
equal to 5% or more of the consolidated total revenues of the Company and its Subsidiaries. For the purpose of the foregoing calculations,
(x) revenues shall be calculated giving effect to any pro forma adjustments, with respect to any Acquisition or Disposition, in a manner
consistent with the adjustments described in Section 1.10 and (y) the assets and revenues of a Subsidiary shall be deemed to include
the assets and revenues of its Subsidiaries.

 

“Material Subsidiary”
means, as of any date of determination, each direct or indirect Subsidiary of the Company that either (i) has assets as of such date equal
to 5% or more of the Consolidated Total Assets as of the last day of the four fiscal quarter period of the Company most recently ended
for which financial information is available or (ii) had revenues in such four fiscal quarter period equal to 5% or more of the consolidated
total revenues of the Company and its Subsidiaries. For the purpose of the foregoing calculations, (x) revenues shall be calculated giving
effect to any pro forma adjustments, with respect to any Acquisition or Disposition, in a manner consistent with the adjustments described
in Section 1.10 and (y) the assets and revenues of a Subsidiary shall be deemed to include the assets and revenues of its Subsidiaries.

 

    25

     

    

 

“Maturity Date”
means February 18, 2027; provided, however, that if such date is not a Business Day, the Maturity Date shall be the next
preceding Business Day.

 

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

 

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

 

“Non-Consenting Lender”
means any Lender that does not approve any consent, waiver or amendment that (i) requires the approval of all Lenders or all affected
Lenders in accordance with the terms of Section 10.01 and (ii) has been approved by the Required Lenders.

 

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

 

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

 

“Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document or
otherwise with respect to any Loan, Letter of Credit, Secured Cash Management Agreement, Secured Hedge Agreement or Secured Permitted
Bilateral Letter of Credit, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent,
due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against
any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest and fees are allowed claims in such proceeding; provided that the “Obligations”
of a Subsidiary Guarantor shall exclude any Excluded Swap Obligations with respect to such Subsidiary Guarantor.

 

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

 

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

 

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

 

“Other
Taxes” means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar
levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of,
or otherwise with respect to, this Agreement or any other Loan Document.

 

    26

     

    

 

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

 

“Overnight Rate”
means, for any day, (a) with respect to any amount denominated in Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight
rate determined by the Administrative Agent, the L/C Issuer, or the Swing Line Lender, as the case may be, in accordance with banking
industry rules on interbank compensation, and (b) with respect to any amount denominated in an Alternative Currency, an overnight rate
determined by the Administrative Agent or the L/C Issuer, as the case may be, in accordance with banking industry rules on interbank compensation.

 

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

 

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

 

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

 

“PBGC”
means the Pension Benefit Guaranty Corporation.

 

“PBLOC Bank”
means any Person that, at the time it issues a Permitted Bilateral Letter of Credit for the account of any Loan Party or any Subsidiary,
is a Lender or an Affiliate of a Lender, in its capacity as the issuer of such Permitted Bilateral Letter of Credit.

 

“PCAOB”
means the Public Company Accounting Oversight Board.

 

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

 

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

 

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

 

“Permitted Acquisition”
means any Acquisition that is permitted by the terms of Section 7.02(g).

 

    27

     

    

 

“Permitted Bilateral
Letter of Credit” means any standby letter of credit issued by a PBLOC Bank for the account of any Loan Party or any Subsidiary
on a bilateral basis and not as part of the facilities provided under the Loan Documents; provided that the aggregate face amount
of all such letters of credit shall not exceed $100,000,000 at any time.

 

“Permitted Convertible
Indebtedness” means Indebtedness of the Company in the form of unsecured convertible notes with respect to which (a) no portion
of the principal of such Indebtedness shall have a stated maturity date prior to the date that is six months after the Maturity Date;
and (b) such Indebtedness (i) in the Administrative Agent’s good faith business judgment, has no more restrictive terms in the aggregate
than the terms under this Agreement and is on terms customary for such type of Indebtedness or otherwise satisfactory to the Administrative
Agent, and (ii) has no provisions limiting amendments to, or consents, waivers or other modifications with respect to, this Agreement
or any other Loan Document.

 

“Permitted Share
Repurchases” means a purchase by the Company of its common stock made on the open market for immediate retirement, on terms
acceptable to the Administrative Agent and in compliance with applicable regulations, each of which purchase shall be subject to the limitations
set forth in Section 7.06(c).

 

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

 

“Plan”
means any employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan), maintained for employees
of the Company or any ERISA Affiliate or any such Plan to which the Company or any ERISA Affiliate is required to contribute on behalf
of any of its employees.

 

“Platform”
has the meaning specified in Section 6.02.

 

“Pledge Agreements”
means, collectively, (a) that certain Second Amended and Restated Pledge Agreement dated as of the Closing Date made by the Company and
certain other Loan Parties in favor of the Administrative Agent for the benefit of the Secured Parties specified therein, (b) that certain
Amended and Restated Pledge Agreement dated as of the Closing Date made by Tetra Tech Canada Holding Corporation, Tetra Tech UK Holdings
Limited (formerly known as Coffey UK Limited), and Tetra Tech Coffey Pty Ltd (formerly known as Coffey Services Australia Pty Ltd) in
favor of the Administrative Agent for the benefit of the Secured Parties specified therein and (c) any other pledge agreement now or hereafter
in effect executed by one or more Designated Borrowers that are Foreign Subsidiaries in favor of the Administrative Agent for the benefit
of any of the Secured Parties, each of which shall be in form and substance satisfactory to the Administrative Agent, in each case as
supplemented from time to time by the execution and delivery of Pledge Joinder Agreements and Pledge Agreement Supplements.

 

“Pledge Agreement
Supplement” means each Pledge Agreement Supplement, substantially in the form thereof attached to a Pledge Agreement, executed
and delivered by a Loan Party to the Administrative Agent.

 

“Pledge Joinder Agreement”
means each Pledge Joinder Agreement, substantially in the form thereof attached to a Pledge Agreement, executed and delivered by a Subsidiary
to the Administrative Agent.

 

“Pricing
Certificate” means a certificate substantially in the form of Exhibit I executed by a Responsible Officer of the
Company and attaching true and correct copies of the Sustainability Report for the most recently ended fiscal year and the
attestation report from the KPI Metrics Auditor with respect thereto and setting forth the Sustainability Fee Adjustment and the
Sustainability Rate Adjustment resulting therefrom.

 

    28

     

    

 

“Pricing Certificate
Inaccuracy” has the meaning specified in Section 2.18.

 

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

 

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

 

“Rate Determination
Date” means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated
as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent
such market practice is not administratively feasible for the Administrative Agent, then “Rate Determination Date” means such
other day as otherwise reasonably determined by the Administrative Agent).

 

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

 

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

 

“Registered Public
Accounting Firm” has the meaning specified in the Securities Laws and shall be independent of the Company as prescribed in the
Securities Laws.

 

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

 

“Relevant Rate”
means with respect to any Credit Extension denominated in (a) Dollars, SOFR, (b) Sterling, SONIA, (c) Euros, EURIBOR, (d) Canadian Dollars,
the CDOR Rate or (e) Australian Dollars, BBSY, as applicable.

 

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

 

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

 

“Required Facility
Lenders” means (a) for the Revolving Credit Facility, the Required Revolving Credit Lenders and (b) for the Term Loan Facility,
the Required Term Loan Lenders.

 

“Required Lenders”
means, at any time, Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures of all Lenders. The
Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time; provided that,
the amount of any participation in any Swing Line Loan and Unreimbursed Amounts that any Defaulting Lender which is a Revolving Credit
Lender has failed to fund that have not been reallocated to and funded by another Revolving Credit Lender shall be deemed to be held by
the Lender that is the Swing Line Lender or L/C Issuer, as the case may be, in making such determination.

 

    29

     

    

 

“Required
Revolving Credit Lenders” means, at any time, Lenders having more than 50% of the sum of the aggregate Revolving
Credit Exposure plus the aggregate unused Revolving Credit Commitments. The Revolving Credit Exposure and unused
Revolving Credit Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Credit Lenders at
any time; provided that, the amount of any participation in any Swing Line Loan and Unreimbursed Amounts that such Defaulting
Lender has failed to fund that have not been reallocated to and funded by another Revolving Credit Lender shall be deemed to be held
by the Lender that is the Swing Line Lender or L/C Issuer, as the case may be, in making such determination.

 

“Required Term Loan
Lenders” means, at any time, Lenders having more than 50% of the sum of the Outstanding Amount of Term Loans plus the
unfunded Term Loan Commitments. The Outstanding Amount of Term Loans and unfunded Term Loan Commitments of any Defaulting Lender shall
be disregarded in determining Required Term Loan Lenders at any time.

 

“Rescindable Amount”
has the meaning as defined in Section 2.12(b)(ii).

 

“Resolution Authority”
means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

 

“Responsible Officer”
means the chief executive officer, president, chief financial officer, treasurer, assistant treasurer or controller of a Loan Party, solely
for purposes of the delivery of incumbency certificates pursuant to Section 4.01, the secretary or any assistant secretary of a
Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer or employee of the applicable Loan
Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable
Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent. Any document delivered
hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary
corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed
to have acted on behalf of such Loan Party.

 

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

 

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

 

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

 

    30

     

    

 

“Revolving
Credit Commitment” means, as to each Lender, its obligation to (a) make Revolving Credit Loans to the Borrowers pursuant
to Section 2.01(a), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in
an aggregate principal amount at any one time outstanding not to exceed the Dollar amount set forth opposite such Lender’s
name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment
and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time
in accordance with this Agreement.

 

“Revolving Credit
Exposure” means, as to any Lender at any time, the aggregate principal amount at such time of its outstanding Revolving Credit
Loans and such Lender’s participations in L/C Obligations and Swing Line Loans at such time.

 

“Revolving Credit
Facility” means the revolving credit facility established pursuant to Section 2.01(a), which shall be in an amount, at
any time, equal to the Aggregate Revolving Credit Commitments at such time.

 

“Revolving Credit
Facility Increase” has the meaning assigned to such term in Section 2.15(a).

 

“Revolving Credit
Increase Lender” has the meaning specified in Section 2.15(g).

 

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

 

“Revolving Credit
Loan” has the meaning specified in Section 2.01(a).

 

“Revolving Credit
Note” means a promissory note made by a Borrower in favor of a Revolving Credit Lender evidencing Revolving Credit Loans or
Swing Line Loans, as the case may be, made by such Revolving Credit Lender to such Borrower, substantially in the form of Exhibit C-1.

 

“Same Day Funds”
means (a) with respect to disbursements and payments in Dollars, immediately available funds, and (b) with respect to disbursements and
payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent or the L/C Issuer, as the
case may be, to be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant
Alternative Currency.

 

“Sanction(s)”
means any international economic or trade sanctions or restrictive measures enacted, administered, imposed or enforced by the United States
Government (including without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury
or other relevant sanctions authority (including any Canadian, French or Australian sanctions authority).

 

“Scheduled Unavailability
Date” has the meaning assigned to such term in Section 3.03(b)(ii).

 

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

 

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

 

“Secured Hedge Agreement”
means any Swap Contract permitted hereunder that is entered into by and between any Loan Party and any Hedge Bank.

 

“Secured
Parties” means, collectively, the Administrative Agent, the Lenders, the L/C Issuer, the Hedge Banks, the Cash Management
Banks, the PBLOC Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section
9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms
of the Security Instruments.

 

    31

     

    

 

“Secured Permitted
Bilateral Letter of Credit” means any Permitted Bilateral Letter of Credit specifically designated as such to the Administrative
Agent in writing by the Company and the relevant PBLOC Bank as a “Secured Permitted Bilateral Letter of Credit”.

 

“Securities Laws”
means the Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley and the applicable accounting and auditing principles,
rules, standards and practices promulgated, approved or incorporated by the SEC or the PCAOB.

 

“Security Agreements”
means, collectively, (a) the Second Amended and Restated Security Agreement dated as of the Closing Date made by the Company and certain
other Loan Parties in favor of the Administrative Agent for the benefit of the Secured Parties specified therein, (b) that certain Amended
and Restated Security Agreement dated as of the Closing Date made by Tetra Tech Canada Holding Corporation, Tetra Tech UK Holdings Limited
(formerly known as Coffey UK Limited), and Tetra Tech Coffey Pty Ltd (formerly known as Coffey Services Australia Pty Ltd) in favor of
the Administrative Agent for the benefit of the Secured Parties specified therein and (c) any other security agreement now or hereafter
in effect executed by one or more Designated Borrowers that are Foreign Subsidiaries in favor of the Administrative Agent for the benefit
of any of the Secured Parties, each of which shall be in form and substance satisfactory to the Administrative Agent, in each case as
supplemented from time to time by the execution and delivery of Security Joinder Agreements.

 

“Security Instruments”
means, collectively, the Security Agreements (including any Security Joinder Agreements), the Pledge Agreements (including any Pledge
Agreement Supplement and any Pledge Joinder Agreement) and all other agreements (including control agreements), instruments and other
documents, whether now existing or hereafter in effect, pursuant to which the Company or any Subsidiary of the Company or other Person
shall grant or convey to the Administrative Agent for the benefit of the Secured Parties a Lien in, or any other Person shall acknowledge
any such Lien in, property as security for all or any portion of the Obligations or any other obligation under any Loan Document.

 

“Security Joinder
Agreement” means each Security Joinder Agreement, substantially in the form thereof attached to a Security Agreement, executed
and delivered by a Subsidiary to the Administrative Agent.

 

“SOFR”
means the Secured Overnight Financing Rate as administered by the Federal Reserve Bank of New York (or a successor administrator).

 

“SOFR Adjustment”
means, with respect to Term SOFR, means 0.10% (10.0 basis points) for an Interest Period of either one-month’s duration or three-month’s
duration.

 

“SOFR Administrator”
means the Federal Reserve Bank of New York, as the administrator of SOFR, or any successor administrator of SOFR designated by the Federal
Reserve Bank of New York or other Person acting as the SOFR Administrator at such time.

 

“SONIA”
means, with respect to any applicable determination date, the Sterling Overnight Index Average Reference Rate published on the fifth Business
Day preceding such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as
may be designated by the Administrative Agent from time to time); provided however that if such determination date is not a Business
Day, SONIA means such rate that applied on the first Business Day immediately prior thereto.

 

    32

     

    

 

“SONIA Adjustment”
means, with respect to SONIA, 0.0326% per annum.

 

“Special Notice Currency”
means at any time an Alternative Currency, other than the currency of a country that is a member of the Organization for Economic Cooperation
and Development at such time located in North America or Europe.

 

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

 

“Subordinated Indebtedness”
means Indebtedness of the Company (other than any Subordinated Indebtedness constituting Permitted Convertible Indebtedness) having maturities
and other terms, and which is subordinated to the obligations of the Company and its Subsidiaries hereunder and under the other Loan Documents
in a manner approved in writing by the Required Lenders.

 

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

 

“Subsidiary Guarantors”
means, collectively, the Subsidiaries that are parties to the Subsidiary Guaranty (including any Subsidiary that becomes a party thereto
by execution of a Subsidiary Guaranty Joinder Agreement).

 

“Subsidiary Guaranty”
means the Second Amended and Restated Subsidiary Guaranty Agreement dated as of the Closing Date made by certain Subsidiaries of the Company
in favor of the Administrative Agent for the benefit of the Secured Parties.

 

“Subsidiary Guaranty
Joinder Agreement” means each Subsidiary Guaranty Joinder Agreement, substantially in the form thereof attached to the Subsidiary
Guaranty, executed and delivered by a Subsidiary to the Administrative Agent.

 

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

 

“Sustainability Coordinator”
means BofA Securities.

 

[reserved]

 

“Sustainability Pricing
Adjustment Date” has the meaning specified in Section 2.18(a).

 

[reserved]

 

“Sustainability Report”
means an annual report prepared by the Company setting forth the results for each KPI Metric for any given fiscal year of the Company
and, with respect to each KPI Metric, attested to by the KPI Metrics Auditor, commencing with the publicly available annual report covering
fiscal year 2021; provided that all data and information set forth in such Sustainability Report shall also be set forth in the
Company’s publicly available annual report on environmental, social and governance issues.

 

“Sustainability Table”
means the Sustainability Table set forth on Schedule 2.18.

 

    33

     

    

 

 

“Sustainability Target”
means, in any fiscal year, with respect to (i) the CO2e Impact Percentage, the CO2e Impact Target A for such fiscal year and (ii) the
ESG Positive Impact Percentage, the ESG Positive Impact Target B for such fiscal year.

 

“Sustainability Threshold”
means, in any fiscal year, with respect to (i) the CO2e Impact Percentage, the CO2e Impact Threshold A for such fiscal year and (ii) the
ESG Positive Impact Percentage, the ESG Positive Impact Threshold B for such fiscal year.

 

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

 

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

 

“Swap Termination
Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable
netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and
termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced
in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or
more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender
or any Affiliate of a Lender).

 

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

 

“Swing Line Lender”
means Bank of America (through itself or through one of its designated Affiliates or branch offices) in its capacity as provider of Swing
Line Loans, or any successor swing line lender hereunder.

 

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

 

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

 

    34

     

    

 

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

 

“Synthetic Lease
Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease,
or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person
but which are intended to function primarily as a borrowing of funds.

 

“TARGET2”
means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform
and which was launched on November 19, 2007.

 

“TARGET Day”
means any day on which TARGET2 (or, if such payment system ceases to be operative, such other payment system, if any, determined
by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.

 

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

 

“Term Loan”
has the meaning specified in Section 2.01(b).

 

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

 

“Term Loan Commitment”
means, as to each Lender, its obligation to make, maintain and/or assume, as the case may be, a Term Loan pursuant to Section 2.01(b)
on the Amendment No. 2 Effective Date in a principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule
2.01 under the caption “Term Loan Commitment” or opposite such caption in the Assignment and Assumption pursuant to which
such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

 

“Term Loan Facility”
means the term loan facility established pursuant to Section 2.01(b), which shall be in an amount, at any time, equal to the aggregate
unused amount of the Term Commitments at such time (if any) and the aggregate principal amount of the Term Loans outstanding at such
time.

 

“Term Loan Lender”
means, at any time, any Lender that has a Term Loan Commitment or an outstanding Term Loan at such time.

 

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

 

“Term SOFR”
means:

 

(a)            for
any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities
Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the
rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S.
Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment for such Interest Period;
and

 

    35

     

    

 

(b)            for
any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the Term SOFR Screen Rate with a term
of one month commencing that day;

 

provided that if the
Term SOFR determined in accordance with either of the foregoing provisions (a) or (b) of this definition would otherwise be less than
zero, the Term SOFR shall be deemed zero for purposes of this Agreement.

 

“Term SOFR Loan”
means a Revolving Credit Loan or Term Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

 

“Term SOFR Screen
Rate” means the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to the Administrative
Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may
be designated by the Administrative Agent from time to time).

 

“Threshold Adjustment”
has the meaning specified in Section 2.18(c).

 

“Threshold Amount”
means $25,000,000.

 

“Total Credit Exposure”
means, as to any Lender at any time, the unused Commitments, Revolving Credit Exposure and outstanding Term Loans of such Lender at such
time.

 

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

 

“Type”
means, with respect to a Loan, its character as a Base Rate Loan, Term SOFR Loan, Alternative Currency Term Rate Loan or an Alternative
Currency Daily Rate Loan.

 

“UCC” means
the Uniform Commercial Code as in effect in the State of New York; provided that, if perfection or the effect of perfection or
non-perfection or the priority of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a
jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time
in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or
priority.

 

“UCP” means,
with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce (“ICC”)
Publication No. 600 (or such later version thereof as may be in effect at the time of issuance).

 

“UK Financial Institution”
means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom
Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by
the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates
of such credit institutions or investment firms.

 

“UK Resolution Authority”
means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

 

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

 

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

 

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

 

“U.S. Bank”
means U.S. Bank National Association, and its successors.

 

“U.S. Government
Securities Business Day” means any Business Day, except any Business Day on which any of the Securities Industry and Financial
Markets Association, the New York Stock Exchange or the Federal Reserve Bank of New York is not open for business because such day is
a legal holiday under the federal laws of the United States or the laws of the State of New York, as applicable.

 

“USA PATRIOT Act”
means the U.S. Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001
(Title III of Pub. L. 107-56 (signed into law October 26, 2001).

 

“Wells Fargo”
means Wells Fargo Bank, National Association, and its successors.

 

“Write-Down and Conversion
Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution
Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers
are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution
Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or
any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations
of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised
under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related
to or ancillary to any of those powers.

 

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

 

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

 

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(b)       In
the computation of periods of time from a specified date to a later specified date, the word “from” means “from
and including;” the words “to” and “until” each mean “to but excluding;”
and the word “through” means “to and including.”

 

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

 

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

 

1.03         Accounting
Terms. (a) Generally. All accounting terms not specifically or completely defined herein shall be construed in conformity
with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this
Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner
consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. Notwithstanding
the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained
herein, Indebtedness of the Company and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof,
and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded.

 

(b)            Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set
forth in any Loan Document, and either the Company or the Required Lenders shall so request, the Administrative Agent, the Lenders and
the Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such
change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement
shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Company shall provide to the Administrative
Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting
forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. Without
limiting the foregoing, leases shall continue to be classified and accounted for on a basis consistent with that reflected in the Audited
Financial Statements for all purposes of this Agreement, notwithstanding any change in GAAP relating thereto, unless the parties hereto
shall enter into a mutually acceptable amendment addressing such changes, as provided for above.

 

(c)            Consolidation
of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or
to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in
each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB ASC 810
as if such variable interest entity were a Subsidiary as defined herein.

 

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

 

1.05         Exchange
Rates; Currency Equivalents. (a) The Administrative Agent or the L/C Issuer, as applicable, shall determine the Dollar Equivalent
amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Dollar Equivalent shall become effective
as of such Revaluation Date and shall be the Dollar Equivalent of such amounts until the next Revaluation Date to occur. Except for purposes
of financial statements delivered by Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided
herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent
amount as so determined by the Administrative Agent or the L/C Issuer, as applicable.

 

(b)            Wherever
in this Agreement in connection with a Revolving Credit Borrowing, conversion, continuation or prepayment of an Alternative Currency
Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed
in Dollars, but such Revolving Credit Borrowing, Alternative Currency Loan or Letter of Credit is denominated in an Alternative Currency,
such amount shall be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such Alternative
Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent or the L/C Issuer, as the case may be.

 

1.06         Additional
Alternative Currencies. (a) The Company may from time to time request that Alternative Currency Loans under the Revolving Credit
Facility be made and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative
Currency”; provided that such requested currency is an Eligible Currency. In the case of any such request with respect to
the making of Alternative Currency Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving
Credit Lenders (including, in the case of any Alternative Currency Loans, the approval of the Alternative Currency Daily Rate or Alternative
Currency Term Rate to be applied with respect to such Alternative Currency); and in the case of any such request with respect to the
issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the L/C Issuer.

 

(b)            Any
such request shall be made to the Administrative Agent not later than 11:00 a.m., twenty (20) Business Days prior to the date of the
desired Credit Extension (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request
pertaining to Letters of Credit, the L/C Issuer, in its or their sole discretion). In the case of any such request pertaining to Alternative
Currency Loans, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof; and in the case of any such request
pertaining to Letters of Credit, the Administrative Agent shall promptly notify the L/C Issuer thereof. Each Revolving Credit Lender
(in the case of any such request pertaining to Alternative Currency Loans) or the L/C Issuer (in the case of a request pertaining to
Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., ten (10) Business Days after receipt of such request
whether it consents, in its sole discretion, to the making of Alternative Currency Loans or the issuance of Letters of Credit, as the
case may be, in such requested currency.

 

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

 

1.07         Change
of Currency. (a) Each obligation of the Borrowers to make a payment denominated in the national currency unit of any member state
of the European Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time
of such adoption. If, in relation to the currency of any such member state, the basis of accrual of interest expressed in this Agreement
in respect of that currency shall be inconsistent with any convention or practice in the interbank market for the basis of accrual of
interest in respect of the Euro, such expressed basis shall be replaced by such convention or practice with effect from the date on which
such member state adopts the Euro as its lawful currency; provided that if any Revolving Credit Borrowing in the currency of such
member state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Revolving Credit
Borrowing, at the end of the then current Interest Period.

 

(b)            Each
provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to
time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market
conventions or practices relating to the Euro.

 

(c)            Each
provision of this Agreement also shall be subject to such reasonable changes of construction as the Administrative Agent may from time
to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices
relating to the change in currency.

 

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

 

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

 

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1.10         Accounting for Acquisitions and Divestitures. For purposes of computing the financial covenant set forth in Section 7.11(b),
Consolidated EBITDA shall be calculated on a pro forma basis (in accordance with Article 11 of Regulation S-X of the Securities
Exchange Act of 1934, but excluding any synergies) giving effect to (a) any Acquisition made by the Company or any Subsidiary during
the applicable measurement period so long as, and to the extent that, (i) the Company delivers to the Administrative Agent (which shall
promptly deliver to each Lender) a summary in reasonable detail of the assumptions underlying, and calculations made, in computing Consolidated
EBITDA on a pro forma basis, and (ii) Required Lenders do not object to such assumptions and/or calculations within 10 Business
Days after receipt thereof, and (b) any divestiture or Disposition of a Subsidiary, division or other operating unit made during the
applicable measurement period. If the Company or any Subsidiary makes any Acquisition of any Person or assets which would result in a
negative adjustment to Consolidated EBITDA for any period, the Company shall, upon request of Required Lenders, deliver information required
pursuant to clause (a)(i) of the immediately preceding sentence so the calculation of Consolidated EBITDA will give effect to
such Acquisition.

 

1.11         Interest
Rates. The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability
with respect to the administration, submission or any other matter related to any reference rate referred to herein or with respect to
any rate (including, for the avoidance of doubt, the selection of such rate and any related spread or other adjustment) that is an alternative
or replacement for or successor to any such rate (including, without limitation, any Successor Rate) (or any component of any of the
foregoing) or the effect of any of the foregoing, or of any Conforming Changes. The Administrative Agent and its affiliates or other
related entities may engage in transactions or other activities that affect any reference rate referred to herein, or any alternative,
successor or replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing) or any related
spread or other adjustments thereto, in each case, in a manner adverse to any Borrower.  The Administrative Agent may select information
sources or services in its reasonable discretion to ascertain any reference rate referred to herein or any alternative, successor or
replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing), in each case
pursuant to the terms of this Agreement, and shall have no liability to any Borrower, any Lender or any other Person for damages of any
kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort,
contract or otherwise and whether at law or in equity), for any error or other action or omission related to or affecting the selection,
determination, or calculation of any rate (or component thereof) provided by any such information source or service.

 

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ARTICLE
II.

THE COMMITMENTS AND CREDIT EXTENSIONS

 

2.01         Loans.

 

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

 

(b)            Term Loan Borrowing. Subject to the terms and conditions set forth herein, each Term Loan Lender severally agrees to make
a term loan to the Company in Dollars on the Amendment No. 2 Effective Date (each such loan by a Term Loan Lender shall be referred to
herein as the “Term Loan” of such Lender) in an aggregate principal amount not to exceed such Term Loan Lender’s
Term Loan Commitment. The Term Loan Borrowing shall consist of Term Loans made, assumed and/or maintained, as the case may be, simultaneously
by the Term Loan Lenders in accordance with their respective Term Loan Commitments. Any portion of the Term Loans repaid or prepaid may
not be reborrowed. Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein.

 

2.02         Borrowings,
Conversions and Continuations of Revolving Credit Loans. 

 

(a)            Each
Revolving Credit Borrowing, the Term Loan Borrowing, each conversion of Loans from one Type to the other, and each continuation of
Term SOFR Loans or Alternative Currency Term Rate Loans shall be made upon the Company’s irrevocable notice to the
Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than
10:00 a.m. (i) two Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Term SOFR Loans
or of any conversion of Term SOFR Loans to Base Rate Loans, (ii) four Business Days (or five Business Days in the case of a Special
Notice Currency) prior to the requested date of any Borrowing of, conversion to or continuation of any Alternative Currency Loans,
and (iii) on the requested date of any Borrowing of Base Rate Loans. Each telephonic notice by the Company pursuant to this Section
2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and
signed by a Responsible Officer of the Company. Each Borrowing of, conversion to or continuation of Term SOFR Loans or Alternative
Currency Term Rate Loans shall be in a principal amount of the Dollar Equivalent of $1,000,000 or a whole multiple of the Dollar
Equivalent of $1,000,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or
conversion to Base Rate Loans shall be in a principal amount of the Dollar Equivalent of $500,000 or a whole multiple of the Dollar
Equivalent of $100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i) whether the Company is
requesting a Term Loan Borrowing, a Revolving Credit Borrowing, a conversion of Term Loans or Revolving Credit Loans from one Type
to the other, or a continuation of Term SOFR Loans or Alternative Currency Term Rate Loans, (ii) the requested date of the
Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be
borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Term Loans or Revolving Credit Loans
are to be converted, (v) if applicable, the duration of the Interest Period with respect thereto, (vi) the currency of the
Revolving Credit Loans to be borrowed, and (vii) if applicable, the Designated Borrower. If the Company fails to specify a currency
in a Loan Notice requesting a Borrowing, then the Revolving Credit Loans so requested shall be made in Dollars. If the Company fails
to specify a Type of Loan in a Loan Notice or if the Company fails to give a timely notice requesting a conversion or continuation,
then the applicable Term Loans or Revolving Credit Loans shall be made as, or converted to, Base Rate Loans; provided, however,
that in the case of a failure to timely request a continuation of Alternative Currency Term Rate Loans, such Loans shall be
continued as Alternative Currency Term Rate Loans in their original currency with an Interest Period of one month. Any such
automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to
the applicable Term SOFR Loans. If the Company requests a Borrowing of, conversion to, or continuation of Alternative Currency Term
Rate Loans or Term SOFR Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified
an Interest Period of one month. No Revolving Credit Loan may be converted into or continued as a Revolving Credit Loan denominated
in a different currency, but instead must be prepaid in the original currency of such Revolving Credit Loan and reborrowed in the
other currency.

 

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(b)            Following
receipt of a Loan Notice for a Facility, the Administrative Agent shall promptly notify each Lender under such Facility of the amount
(and currency) of its Applicable Percentage under such Facility of the applicable Loans, and if no timely notice of a conversion or continuation
is provided by the Company, the Administrative Agent shall notify each Lender under the applicable Facility of the details of any automatic
conversion to Base Rate Loans or continuation of Alternative Currency Term Rate Loans, in each case as described in the preceding subsection.
In the case of a Term Loan Borrowing or a Revolving Credit Borrowing, each Lender under the applicable Facility shall make the amount
of its Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s Office for the applicable currency
not later than 12:00 noon, in the case of any Loan denominated in Dollars, and not later than the Applicable Time specified by the Administrative
Agent in the case of any Revolving Credit Loan in an Alternative Currency, in each case on the Business Day specified in the applicable
Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit
Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the Company or the other applicable
Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of such Borrower on the books of Bank
of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to
(and reasonably acceptable to) the Administrative Agent by the Company; provided, however, that if, on the date a Loan
Notice with respect to a Revolving Credit Borrowing denominated in Dollars is given by the Company, there are L/C Borrowings outstanding,
then the proceeds of such Revolving Credit Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings,
and, second, shall be made available to the applicable Borrower as provided above.

 

(c)            Except as otherwise provided herein, a Term SOFR Loan or an Alternative Currency Term Rate Loan may be continued or converted only
on the last day of an Interest Period for such a Term SOFR Loan or an Alternative Currency Term Rate Loan, as applicable. During the existence
of a Default, no Loans may be requested as, or converted to Alternative Currency Daily Rate Loans or requested as, converted to or continued
as Alternative Currency Term Rate Loans or Term SOFR Loans without the consent of the Required Lenders, and the Required Lenders may demand
that any or all of the then outstanding Alternative Currency Term Rate Loans be prepaid, or redenominated into Dollars in the amount of
the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto.

 

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

 

(e)            After
giving effect to all Revolving Credit Borrowings, all conversions of Revolving Credit Loans from one Type to the other, and all continuations
of Revolving Credit Loans as the same Type, there shall not be more than eight Interest Periods in effect with respect to Revolving Credit
Loans. After giving effect to the Term Loan Borrowing, all conversions of Term Loans from one Type to the other, and all continuations
of Term Loans as the same Type, there shall not be more than eight Interest Periods in effect with respect to Term Loans.

 

(f)             Notwithstanding anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all of the portion of
its Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement,
pursuant to a cashless settlement mechanism approved by the Company, the Administrative Agent, and such Lender.

 

(g)            With
respect to any Alternative Currency Daily Rate, Term SOFR or SOFR, the Administrative Agent will have the right 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; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment
implementing such Conforming Changes to the Borrowers and the Lenders reasonably promptly after such amendment becomes effective.

 

2.03         Letters
of Credit. 

 

(a)            The
Letter of Credit Commitment.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(F)             any
Revolving Credit Lender is at that time a Defaulting Lender, unless the L/C Issuer has entered into arrangements, including the delivery
of Cash Collateral, satisfactory to the L/C Issuer (in its sole discretion) with the Company or such Revolving Credit Lender to eliminate
the L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.17(a)(iv)) with respect to the
Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations
as to which the L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion; or

 

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

 

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

 

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

 

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

 

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

 

(i)                Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Company delivered to the L/C Issuer
(with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible
Officer of the Company. Such Letter of Credit Application may be sent by facsimile, by United States mail, by overnight courier, by electronic
transmission using the system provided by the L/C Issuer, by personal delivery or by any other means acceptable to the L/C Issuer. Such
Letter of Credit Application must be received by the L/C Issuer and the Administrative Agent not later than 10:00 a.m. at least two Business
Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion)
prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter
of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance
date of the requested Letter of Credit (which shall be a Business Day); (B) the amount and currency thereof; (C) the expiry date thereof;
(D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder;
(F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature
of the requested Letter of Credit; and (H) such other matters as the L/C Issuer may require. In the case of a request for an amendment
of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer
(A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of
the proposed amendment; and (D) such other matters as the L/C Issuer may require. Additionally, the Company shall furnish to the L/C Issuer
and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment,
including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require.

 

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

 

(iii)            If
the Company so requests in any applicable Letter of Credit Application, the L/C Issuer may, in its sole and absolute discretion, agree
to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”);
provided that any such Auto-Extension Letter of Credit must permit the L/C Issuer to prevent any such extension at least once
in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary
thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon
at the time such Letter of Credit is issued. Unless otherwise directed by the L/C Issuer, the Company shall not be required to make a
specific request to the L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Revolving Credit
Lenders shall be deemed to have authorized (but may not require) the L/C Issuer to permit the extension of such Letter of Credit at any
time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that the L/C Issuer shall
not permit any such extension if (A) the L/C Issuer has determined that it would not be permitted, or would have no obligation, at such
time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clause
(ii) or (iii) of Section 2.03(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing)
on or before the day that is seven Business Days before the Non-Extension Notice Date (1) from the Administrative Agent that the Required
Revolving Credit Lenders have elected not to permit such extension or (2) from the Administrative Agent, any Revolving Credit Lender
or the Company that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, and in each such
case directing the L/C Issuer not to permit such extension.

 

(iv)             If the Company so requests in any applicable Letter of Credit Application, the L/C Issuer may, in its sole and absolute discretion,
agree to issue a Letter of Credit that permits the automatic reinstatement of all or a portion of the stated amount thereof after any
drawing thereunder (each, an “Auto-Reinstatement Letter of Credit”). Unless otherwise directed by the L/C Issuer, the
Company shall not be required to make a specific request to the L/C Issuer to permit such reinstatement. Once an Auto-Reinstatement Letter
of Credit has been issued, except as provided in the following sentence, the Revolving Credit Lenders shall be deemed to have authorized
(but may not require) the L/C Issuer to reinstate all or a portion of the stated amount thereof in accordance with the provisions of such
Letter of Credit. Notwithstanding the foregoing, if such Auto-Reinstatement Letter of Credit permits the L/C Issuer to decline to reinstate
all or any portion of the stated amount thereof after a drawing thereunder by giving notice of such non-reinstatement within a specified
number of days after such drawing (the “Non-Reinstatement Deadline”), the L/C Issuer shall not permit such reinstatement
if it has received a notice (which may be by telephone or in writing) on or before the day that is seven Business Days before the Non-Reinstatement
Deadline (A) from the Administrative Agent that the Required Revolving Credit Lenders have elected not to permit such reinstatement or
(B) from the Administrative Agent, any Revolving Credit Lender or the Company that one or more of the applicable conditions specified
in Section 4.02 is not then satisfied (treating such reinstatement as an L/C Credit Extension for purposes of this clause) and,
in each case, directing the L/C Issuer not to permit such reinstatement.

 

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

 

(c)            Drawings
and Reimbursements; Funding of Participations.

 

(i)                Upon
receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall notify
the Company and the Administrative Agent thereof. In the case of a Letter of Credit denominated in an Alternative Currency, the Company
shall reimburse the L/C Issuer in such Alternative Currency, unless (A) the L/C Issuer (at its option) shall have specified in such notice
that it will require reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in Dollars, the Company
shall have notified the L/C Issuer promptly following receipt of the notice of drawing that the Company will reimburse the L/C Issuer
in Dollars. In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an Alternative Currency,
the L/C Issuer shall notify the Company of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof.
Not later than 10:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit to be reimbursed in Dollars, or the Applicable
Time on the date of any payment by the L/C Issuer under a Letter of Credit to be reimbursed in an Alternative Currency (each such date,
an “Honor Date”), the Company shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to
the amount of such drawing and in the applicable currency. If the Company fails to so reimburse the L/C Issuer by such time, the Administrative
Agent shall promptly notify each Revolving Credit Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in Dollars
in the amount of the Dollar Equivalent thereof in the case of a Letter of Credit denominated in an Alternative Currency) (the “Unreimbursed
Amount”), and the amount of such Revolving Credit Lender’s Applicable Revolving Credit Percentage thereof. In such event,
the Company shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an
amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal
amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Revolving Credit Commitments and the
conditions set forth in Section 4.02 (other than the delivery of a Loan Notice). Any notice given by the L/C Issuer or the Administrative
Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that
the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

 

(ii)              Each
Revolving Credit Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent
may apply Cash Collateral provided for this purpose) for the account of the L/C Issuer, in Dollars, at the Administrative Agent’s
Office for Dollar-denominated payments in an amount equal to its Applicable Revolving Credit Percentage of the Unreimbursed Amount not
later than 12:00 noon on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions
of Section 2.03(c)(iii), each Revolving Credit Lender that so makes funds available shall be deemed to have made a Base Rate Revolving
Credit Loan to the Company in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer in Dollars.

 

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

 

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

 

(v)               Each
Revolving Credit Lender’s obligation to make Revolving Credit Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn
under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected
by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the
L/C Issuer, the Company, any Subsidiary or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default,
or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that
each Revolving Credit Lender’s obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is subject to
the conditions set forth in Section 4.02 (other than delivery by the Company of a Loan Notice). No such making of an L/C Advance
shall relieve or otherwise impair the obligation of the Company to reimburse the L/C Issuer for the amount of any payment made by the
L/C Issuer under any Letter of Credit, together with interest as provided herein.

 

(vi)             
If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount
required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section
2.03(c)(ii), then, without limiting the other provisions of this Agreement, the L/C Issuer shall be entitled to recover from such
Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment
is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the applicable Overnight
Rate from time to time in effect, plus any administrative, processing or similar fees customarily charged by the L/C Issuer in connection
with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s
Revolving Credit Loan included in the relevant Revolving Credit Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as
the case may be. A certificate of the L/C Issuer submitted to any Revolving Credit Lender (through the Administrative Agent) with respect
to any amounts owing under this clause (vi) shall be conclusive absent manifest error.

 

(d)          
Repayment of Participations.

 

(i)                
At any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender
such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives
for the account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from
the Company or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent
will distribute to such Lender its Applicable Revolving Credit Percentage thereof in Dollars and in the same funds as those received by
the Administrative Agent.

 

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(ii)                If
any payment received by the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is required
to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into
by the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of the L/C
Issuer its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date
of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the applicable Overnight Rate from
time to time in effect. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the
Obligations and the termination of this Agreement.

 

(e)          
Obligations Absolute. The obligation of the Company to reimburse the L/C Issuer for each drawing under each Letter of Credit
and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms
of this Agreement under all circumstances, including the following:

 

(i)               
any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document;

 

(ii)                the
existence of any claim, counterclaim, setoff, defense or other right that the Company or any Subsidiary may have at any time against
any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be
acting), the L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such
Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;

 

(iii)              
any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid
or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission
or otherwise of any document required in order to make a drawing under such Letter of Credit;

 

(iv)             
waiver by the L/C Issuer of any requirement that exists for the L/C Issuer’s protection and not the protection of the Company
or any waiver by the L/C Issuer which does not in fact materially prejudice the Company;

 

(v)               
honor of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of a draft;

 

(vi)             
any payment made by the L/C Issuer in respect of an otherwise complying item presented after the date specified as the expiration
date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by
the UCC, the ISP or the UCP, as applicable;

 

(vii)            
any payment by the L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not strictly
comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting
to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative
of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding
under any Debtor Relief Law;

 

(viii)           
any adverse change in the relevant exchange rates or in the availability of the relevant Alternative Currency to the Company or
any Subsidiary or in the relevant currency markets generally; or

 

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

 

The Company shall promptly
examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance
with the Company’s instructions or other irregularity, the Company will immediately notify the L/C Issuer. The Company shall be
conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents unless such notice is given as aforesaid.

 

(f)           
Role of L/C Issuer. Each Lender and the Company agree that, in paying any drawing under a Letter of Credit, the L/C Issuer
shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by
the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing
or delivering any such document. None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent,
participant or assignee of the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at
the request or with the approval of the Revolving Credit Lenders or the Required Revolving Credit Lenders, as applicable; (ii) any action
taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability
of any document or instrument related to any Letter of Credit or Issuer Document. The Company hereby assumes all risks of the acts or
omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this
assumption is not intended to, and shall not, preclude the Company’s pursuing such rights and remedies as it may have against the
beneficiary or transferee at law or under any other agreement. None of the L/C Issuer, the Administrative Agent, any of their respective
Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable or responsible for any of the matters
described in clauses (i) through (ix) of Section 2.03(e); provided, however, that anything in such
clauses to the contrary notwithstanding, the Company may have a claim against the L/C Issuer, and the L/C Issuer may be liable to the
Company, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Company
which the Company proves were caused by the L/C Issuer's willful misconduct or gross negligence or the L/C Issuer's willful failure to
pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying
with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the L/C Issuer may accept
documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information
to the contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning
or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part,
which may prove to be invalid or ineffective for any reason. The L/C Issuer may send a Letter of Credit or conduct any communication to
or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) message or overnight
courier, or any other commercially reasonable means of communicating with a beneficiary.

 

(g)          Applicability
of ISP and UCP. Unless otherwise expressly agreed by the L/C Issuer and the Company when a Letter of Credit is issued (including
any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each standby Letter of Credit.
Notwithstanding the foregoing, the L/C Issuer shall not be responsible to the Company for, and the L/C Issuer’s rights and
remedies against the Company shall not be impaired by, any action or inaction of the L/C Issuer required or permitted under any law,
order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any
order of a jurisdiction where the L/C Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or
in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International Financial Services
Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such
law or practice.

 

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(h)          
Letter of Credit Fees. The Company shall pay to the Administrative Agent for the account of each Revolving Credit Lender
in accordance, subject to Section 2.17, with its Applicable Revolving Credit Percentage, in Dollars, a Letter of Credit fee (the
 “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the Dollar Equivalent of
the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under
any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09. Letter of Credit
Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with
the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand
and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount
available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during
such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the
Required Revolving Credit Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.

 

(i)           
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Company shall pay directly to the applicable
L/C Issuer for its own account, in Dollars, a fronting fee with respect to each Letter of Credit issued by such L/C Issuer, at the rate
per annum specified in the applicable Fee Letter (or as otherwise agreed in writing between the Company and such L/C Issuer), computed
on the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting
fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most
recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after
the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the
daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with
Section 1.09. In addition, the Company shall pay directly to the L/C Issuer for its own account, in Dollars, the customary issuance,
presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit
as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

 

(j)           
Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer Document,
the terms hereof shall control.

 

(k)          
Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in
support of any obligations of, or is for the account of, a Subsidiary, the Company shall be obligated to reimburse the L/C Issuer hereunder
for any and all drawings under such Letter of Credit. The Company hereby acknowledges that the issuance of Letters of Credit for the account
of Subsidiaries inures to the benefit of the Company, and that the Company’s business derives substantial benefits from the businesses
of such Subsidiaries.

 

(l)          
Reporting of Letter of Credit Information. For so long as any Letter of Credit issued by an L/C Issuer other than Bank of
America is outstanding under the Agreement, such L/C Issuer shall deliver to the Administrative Agent on the last Business Day of each
calendar month, and on each date that an L/C Credit Extension occurs with respect to any such Letter of Credit, a report in the form of
Exhibit H hereto, appropriately completed with the information for every outstanding Letter of Credit issued by such L/C Issuer.
The Administrative Agent shall deliver to the Lenders on a monthly basis a report of all outstanding Letters of Credit.

 

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2.04       
 Swing Line Loans. 

 

(a)          
The Swing Line. Subject to the terms and conditions set forth herein, the Swing Line Lender, in reliance upon the agreements
of the other Revolving Credit Lenders set forth in this Section 2.04, may in its sole discretion, make loans in Dollars (each such
loan, a “Swing Line Loan”) to the Company from time to time on any Business Day during the Availability Period in an
aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing
Line Loans, when aggregated with the Applicable Revolving Credit Percentage of the Outstanding Amount of Revolving Credit Loans and L/C
Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Revolving Credit Commitment; provided,
however, that after giving effect to any Swing Line Loan, (i) the Total Revolving Credit Outstandings shall not exceed the Aggregate
Revolving Credit Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Credit
Commitment, and provided, further, that the Company shall not use the proceeds of any Swing Line Loan to refinance any outstanding
Swing Line Loan. Within the foregoing limits, and subject to the other terms and conditions hereof, the Company may borrow under this
Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall be a Base
Rate Loan. Immediately upon the making of a Swing Line Loan, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the
product of such Revolving Credit Lender’s Applicable Revolving Credit Percentage times the amount of such Swing Line Loan.

 

(b)          
Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Company’s irrevocable notice to the Swing Line
Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by the Swing Line Lender and the
Administrative Agent not later than 12:00 noon on the requested borrowing date, and shall specify (i) the amount to be borrowed, which
shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must
be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately
completed and signed by a Responsible Officer of the Company. Promptly after receipt by the Swing Line Lender of any telephonic Swing
Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative
Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone
or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative
Agent (including at the request of any Revolving Credit Lender) prior to 1:00 p.m. on the date of the proposed Swing Line Borrowing (A)
directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the
first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is not then
satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 2:00 p.m. on the borrowing date
specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Company at its office by crediting the
account of the Company on the books of the Swing Line Lender in Same Day Funds.

 

(c)          
Refinancing of Swing Line Loans.

 

(i)                
The Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the Company (which hereby irrevocably
authorizes the Swing Line Lender to so request on its behalf), that each Revolving Credit Lender make a Base Rate Revolving Credit Loan
in an amount equal to such Revolving Credit Lender's Applicable Revolving Credit Percentage of the amount of Swing Line Loans then outstanding.
Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance
with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate
Loans, but subject to the unutilized portion of the Aggregate Revolving Credit Commitments and the conditions set forth in Section
4.02. The Swing Line Lender shall furnish the Company with a copy of the applicable Loan Notice promptly after delivering such notice
to the Administrative Agent. Each Revolving Credit Lender shall make an amount equal to its Applicable Revolving Credit Percentage of
the amount specified in such Loan Notice available to the Administrative Agent in Same Day Funds for the account of the Swing Line Lender
at the Administrative Agent’s Office for Dollar-denominated payments not later than 12:00 noon on the day specified in such Loan
Notice, whereupon, subject to Section 2.04(c)(ii), each Revolving Credit Lender that so makes funds available shall be deemed to
have made a Base Rate Revolving Credit Loan to the Company in such amount. The Administrative Agent shall remit the funds so received
to the Swing Line Lender.

 

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(ii)              
If for any reason any Swing Line Loan cannot be refinanced by such a Revolving Credit Borrowing in accordance with Section 2.04(c)(i),
the request for Base Rate Revolving Credit Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request
by the Swing Line Lender that each of the Revolving Credit Lenders fund its risk participation in the relevant Swing Line Loan and each
Revolving Credit Lender’s payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i)
shall be deemed payment in respect of such participation.

 

(iii)              
If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the Swing Line Lender any
amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in
Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting through the Administrative Agent),
on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is
immediately available to the Swing Line Lender at a rate per annum equal to the applicable Overnight Rate from time to time in effect,
plus any administrative processing or similar fees customarily charged by the Swing Line Lender in connection with the foregoing. If such
Revolving Credit Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Revolving Credit
Lender’s Revolving Credit Loan included in the relevant Revolving Credit Borrowing or funded participation in the relevant Swing
Line Loan, as the case may be. A certificate of the Swing Line Lender submitted to any Lender (through the Administrative Agent) with
respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error.

 

(iv)             
Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or to purchase and fund risk participations in Swing
Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance,
including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the Swing Line Lender,
the Company or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence,
event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Credit Lender’s
obligation to make Revolving Credit Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section
4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the Company to repay Swing Line Loans,
together with interest as provided herein.

 

(d)          
Repayment of Participations.

 

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

 

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(ii)               
If any payment received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned
by the Swing Line Lender under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered
into by the Swing Line Lender in its discretion), each Revolving Credit Lender shall pay to the Swing Line Lender its Applicable Revolving
Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount
is returned, at a rate per annum equal to the applicable Overnight Rate. The Administrative Agent will make such demand upon the request
of the Swing Line Lender. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations
and the termination of this Agreement.

 

(e)          
Interest for Account of Swing Line Lender. The Swing Line Lender shall be responsible for invoicing the Company for interest
on the Swing Line Loans. Until each Revolving Credit Lender funds its Base Rate Revolving Credit Loan or risk participation pursuant to
this Section 2.04 to refinance such Revolving Credit Lender’s Applicable Revolving Credit Percentage of any Swing Line Loan,
interest in respect of such Applicable Revolving Credit Percentage shall be solely for the account of the Swing Line Lender.

 

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

 

2.05       
Prepayments. (a) Each Borrower may, upon notice from the Company to the Administrative Agent, at any time or from time to time
voluntarily prepay Revolving Credit Loans and Term Loans in whole or in part without premium or penalty; provided that (i) such
notice must be in a form acceptable to the Administrative Agent and received by the Administrative Agent not later than 11:00 a.m. (A)
two Business Days prior to any date of prepayment of Term SOFR Loans, (B) four Business Days (or five, in the case of prepayment of Loans
denominated in Special Notice Currencies) prior to any date of prepayment of Alternative Currency Loans, and (C) on the date of prepayment
of Base Rate Loans; (ii) any prepayment of Term SOFR Loans shall be in a principal amount of $1,000,000 or a whole multiple thereof; (iii)
any prepayment of Alternative Currency Loans shall be in a minimum principal amount of the Dollar Equivalent of $1,000,000 or a whole
multiple of the Dollar Equivalent thereof; and (iv) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a
whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such
notice shall specify the date and amount and currency of such prepayment and the Type(s) of Loans to be prepaid and, if Term SOFR Loans
or Alternative Currency Term Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly
notify each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based
on such Lender’s Applicable Percentage in respect of the relevant Facility). If such notice is given by the Company, the applicable
Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.
Any prepayment of any Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required
pursuant to Section 3.05. Each prepayment of the outstanding Term Loans pursuant to this Section 2.05(a) shall be applied
to the principal repayment installments thereof in inverse order of maturity. Subject to Section 2.17, each such prepayment shall
be paid to the Lenders in accordance with their respective Applicable Percentages in respect of each of the relevant Facilities.

 

(b)          
The Company may, upon notice to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time,
voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided
that (i) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the
prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000. Each such notice shall specify the date and
amount of such prepayment. If such notice is given by the Company, the Company shall make such prepayment and the payment amount specified
in such notice shall be due and payable on the date specified therein.

 

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(c)          
If the Administrative Agent notifies the Company at any time that the Total Revolving Credit Outstandings at such time exceed an
amount equal to 105% of the Aggregate Revolving Credit Commitments then in effect, then, within two Business Days after receipt of such
notice, the Borrowers shall prepay Loans and/or the Company shall Cash Collateralize the L/C Obligations in an aggregate amount sufficient
to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Aggregate Revolving Credit Commitments
then in effect; provided, however, that, subject to the provisions of Section 2.17(a), the Company shall not be required
to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the prepayment in full of the Loans the
Total Revolving Credit Outstandings exceed the Aggregate Revolving Credit Commitments then in effect. The Administrative Agent may, at
any time and from time to time after the initial deposit of such Cash Collateral, request that additional Cash Collateral be provided
in order to protect against the results of further exchange rate fluctuations.

 

(d)         
If the Administrative Agent notifies the Company at any time that the Outstanding Amount of all Loans denominated in Alternative
Currencies plus the Outstanding Amount of all L/C Obligations denominated in Alternative Currencies at such time exceeds an amount
equal to 105% of the Alternative Currency Sublimit then in effect, then, within two Business Days after receipt of such notice, the Borrowers
shall prepay Loans and/or the Company shall Cash Collateralize the L/C Obligations in an aggregate amount sufficient to reduce such Outstanding
Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit then in effect. The Administrative
Agent may, at any time and from time to time after the initial deposit of such Cash Collateral, request that additional Cash Collateral
be provided in order to protect against the results of further exchange rate fluctuations.

 

2.06       
Termination or Reduction of Revolving Credit Commitments. The Company may, upon notice to the Administrative Agent, terminate
the Aggregate Revolving Credit Commitments, or from time to time permanently reduce the Aggregate Revolving Credit Commitments; provided
that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five Business Days prior to the date
of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000
in excess thereof, (iii) the Company shall not terminate or reduce the Aggregate Revolving Credit Commitments if, after giving effect
thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the Aggregate Revolving Credit
Commitments, and (iv) if, after giving effect to any reduction of the Aggregate Revolving Credit Commitments, the Alternative Currency
Sublimit, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Credit Commitments, such
Sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any
such notice of termination or reduction of the Aggregate Revolving Credit Commitments. Subject to clause (iv) of the proviso to
the first sentence of this Section, the amount of any such Aggregate Revolving Credit Commitment reduction shall not be applied to the
Alternative Currency Sublimit, the Letter of Credit Sublimit or the Swing Line Sublimit unless otherwise specified by the Company. Any
reduction of the Aggregate Revolving Credit Commitments shall be applied to the Revolving Credit Commitment of each Lender according to
its Applicable Revolving Credit Percentage. All fees accrued until the effective date of any termination of the Aggregate Revolving Credit
Commitments shall be paid on the effective date of such termination.

 

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2.07       
 Repayment of Loans.  (a) Term Loans. The Company shall repay to the Term Loan Lenders the aggregate principal amount
of all Term Loans in equal quarterly principal installments of $3,125,000, commencing June 30, 2022, and continuing on the last Business
Day of each December, March, June and September thereafter (which principal amounts shall be reduced as a result of the application of
prepayments in accordance with the order of priority set forth in Section 2.05); provided, however, that the final
principal repayment installment of the Term Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to
the aggregate principal amount of all Term Loans outstanding on such date.

 

(b)          
Revolving Credit Loans. Each Borrower shall repay to the Revolving Credit Lenders on the Maturity Date the aggregate principal
amount of Revolving Credit Loans made to such Borrower outstanding on such date.

 

(c)          
Swing Line Loans. The Company shall repay each Swing Line Loan on the earlier to occur of (i) the date ten Business Days
after such Loan is made and (ii) the Maturity Date.

 

2.08       
Interest. 

 

(a)          
Subject to the provisions of subsection (b) below, (i) each Term SOFR Loan shall bear interest on the outstanding principal
amount thereof for each Interest Period at a rate per annum equal to Term SOFR for such Interest Period plus the Applicable Rate;
(ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate
per annum equal to the Base Rate plus the Applicable Rate; (iii) each Alternative Currency Daily Rate Loan shall bear interest
on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Alternative Currency Daily
Rate plus the Applicable Rate; (iv) each Alternative Currency Term Rate Loan shall bear interest on the outstanding principal amount
thereof for each Interest Period at a rate per annum equal to the Alternative Currency Term Rate for such Interest Period plus
the Applicable Rate; and (v) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate.

 

(b)           (i)              If any amount of principal
of any Loan is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise,
such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest
extent permitted by applicable Laws.

 

(ii)            
If any amount (other than principal of any Loan) payable by any Borrower under any Loan Document is not paid when due (without
regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Required
Term Loan Lenders (in the case of the Term Loan Facility) and the Required Revolving Credit Lenders (in the case of the Revolving Credit
Facility), such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate
to the fullest extent permitted by applicable Laws.

 

(iii)           
Upon the request of the Required Term Loan Lenders (in the case of the Term Loan Facility) and the Required Revolving Credit Lenders
(in the case of the Revolving Credit Facility), while any Event of Default exists (other than as set forth in clauses (b)(i) and
(b)(ii) above), the Borrowers shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating
interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

 

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(iv)             
 Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.

 

(c)          
Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times
as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment,
and before and after the commencement of any proceeding under any Debtor Relief Law.

 

(d)          
For the purposes of the Interest Act (Canada), (i) whenever a rate of interest or fee rate hereunder is calculated on the basis
of a year (the “deemed year”) that contains fewer days than the actual number of days in the calendar year of calculation,
such rate of interest or fee rate shall be expressed as a yearly rate by multiplying such rate of interest or fee rate by the actual number
of days in the calendar year of calculation and dividing it by the number of days in the deemed year, (ii) the principle of deemed reinvestment
of interest shall not apply to any interest calculation hereunder and (iii) the rates of interest stipulated herein are intended to be
nominal rates and not effective rates or yields.

 

2.09       
Fees. In addition to certain fees described in subsections (h) and (i) of Section 2.03:

 

(a)           
Commitment Fee. The Company shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance
with its Applicable Revolving Credit Percentage, a commitment fee in Dollars (the “Commitment Fee”) equal to the Applicable
Rate times the actual daily amount by which the Aggregate Revolving Credit Commitments exceed the sum of (i) the Outstanding Amount
of Revolving Credit Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.17.
The Commitment Fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions
in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September
and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period. The
Commitment Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual
daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable
Rate was in effect.

 

(b)          
Other Fees. (i) The Company shall pay to the Arrangers and the Administrative Agent for their own respective accounts, in
Dollars, fees in the amounts and at the times specified in the Fee Letters. Such fees shall be fully earned when paid and shall not be
refundable for any reason whatsoever.

 

(ii)           The Company shall
pay to the Lenders, in Dollars, such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified.
Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

 

2.10        Computation of Interest and Fees; Retroactive Adjustments of Applicable
Rate. (a) All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to Term SOFR)
and for Loans denominated in Alternative Currencies shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual
days elapsed, or, in the case of interest in respect of Loans denominated in Alternative Currencies as to which market practice differs
from the foregoing, in accordance with such market practice. All other computations of fees and interest shall be made on the basis of
a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis
of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion
thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which
it is made shall, subject to Section 2.12(a), bear
interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding
for all purposes, absent manifest error.

 

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(b)          
If, as a result of any restatement of or other adjustment to the financial statements of the Company or for any other reason, the
Company or the Lenders determine that (i) the Consolidated Leverage Ratio as calculated by the Company as of any applicable date was inaccurate
and (ii) a proper calculation of the Consolidated Leverage Ratio would have resulted in higher pricing for such period, each Borrower
shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders or the L/C
Issuer, as the case may be, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an
order for relief with respect to any Borrower under the Bankruptcy Code of the United States, automatically and without further action
by the Administrative Agent, any Lender or the L/C Issuer), an amount equal to the excess of the amount of interest and fees that should
have been paid for such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit the
rights of the Administrative Agent, any Lender or the L/C Issuer, as the case may be, under Section 2.03(c)(iii), 2.03(h)
or 2.08(b) or under Article VIII. The Borrowers’ obligations under this paragraph shall survive the termination of
the Aggregate Commitments and the repayment of all other Obligations hereunder.

 

2.11       
Evidence of Debt. (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained
by such Lender in the ordinary course of business. The Administrative Agent shall maintain the Register in accordance with Section
10.06(c). The accounts or records maintained by each Lender shall be conclusive absent manifest error of the amount of the Credit
Extensions made by the Lenders to the Borrowers and the interest and payments thereon. Any failure to so record or any error in doing
so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with respect to the
Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the Register, the Register shall
control in the absence of manifest error. Upon the request of any Lender to a Borrower made through the Administrative Agent, such Borrower
shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s Loans to
such Borrower in addition to such accounts or records. Each Lender may attach schedules to a Note and endorse thereon the date, Type (if
applicable), amount, currency and maturity of its Loans and payments with respect thereto.

 

(b)          
In addition to the accounts and records referred to in subsection (a), each Lender and the Administrative Agent shall maintain
in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters
of Credit and Swing Line Loans. In the event of any conflict between the accounts and records maintained by the Administrative Agent and
the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control
in the absence of manifest error.

 

2.12       
Payments Generally; Administrative Agent’s Clawback. (a) General. All payments to be made by the Borrowers shall
be made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise
expressly provided herein and except with respect to principal of and interest on Loans denominated in an Alternative Currency, all payments
by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment
is owed, at the applicable Administrative Agent’s Office in Dollars and in Same Day Funds not later than 11:00 a.m. on the date
specified herein. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder with respect to principal and
interest on Loans denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective
Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in such Alternative Currency and in Same
Day Funds not later than the Applicable Time specified by the Administrative Agent on the dates specified herein. Without limiting the
generality of the foregoing, the Administrative Agent may require that any payments
due under this Agreement be made in the United States. If, for any reason, any Borrower is prohibited by any Law from making any required
payment hereunder in an Alternative Currency, such Borrower shall make such payment in Dollars in the Dollar Equivalent of the Alternative
Currency payment amount. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage in respect of the
relevant Facility (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s
Lending Office. All payments received by the Administrative Agent (i) after 11:00 a.m., in the case of payments in Dollars, or (ii) after
the Applicable Time specified by the Administrative Agent in the case of payments in an Alternative Currency, shall in each case be deemed
received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by
any Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension
of time shall be reflected in computing interest or fees, as the case may be.

 

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(b)           
(i)               Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice
from a Lender prior to the proposed date of any Borrowing of Term SOFR Loans or Alternative Currency Loans (or, in the case of any Borrowing
of Base Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender will not make available to the Administrative
Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available
on such date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such
share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available
to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing
available to the Administrative Agent, then the applicable Lender and the applicable Borrower severally agree to pay to the Administrative
Agent forthwith on demand such corresponding amount in Same Day Funds with interest thereon, for each day from and including the date
such amount is made available to such Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of
a payment to be made by such Lender, the Overnight Rate, plus any administrative, processing or similar fees customarily charged by the
Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by such Borrower, the interest rate
applicable to Base Rate Loans, or in the case of Alternative Currencies, in accordance with such market practice, in each case, as applicable.
If such Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative
Agent shall promptly remit to such Borrower the amount of such interest paid by such Borrower for such period. If such Lender pays its
share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included
in such Borrowing. Any payment by such Borrower shall be without prejudice to any claim such Borrower may have against a Lender that
shall have failed to make such payment to the Administrative Agent.

 

(ii)           Payments by Borrowers;
Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from a Borrower prior to the date
on which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that such Borrower
will not make such payment, the Administrative Agent may assume that such Borrower has made such payment on such date in accordance herewith
and may, in reliance upon such assumption, distribute to the Revolving Credit Lenders, the Term Loan Lenders or the L/C Issuer, as the
case may be, the amount due.

 

With respect to any payment
that the Administrative Agent makes for the account of the Lenders or the L/C Issuer hereunder as to which the Administrative Agent determines
(which determination shall be conclusive absent manifest error) that any of the following applies (such payment referred to as the “Rescindable
Amount”): (1) the applicable Borrower has not in fact made such payment; (2) the Administrative Agent has made a payment in excess
of the amount so paid by such Borrower (whether or not then owed); or (3) the Administrative agent has for any reason otherwise erroneously
made such payment; then each of the Revolving Credit Lenders, the Term Loan Lenders or the L/C Issuer, as the case may be, severally agrees
to repay to the Administrative Agent forthwith on demand the Rescindable Amount so distributed to such Lender or the L/C Issuer, in Same
Day Funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of
payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation.

 

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A notice of the Administrative
Agent to any Lender or Borrower with respect to any amount owing under this subsection (b) shall be conclusive, absent manifest
error.

 

(c)          
Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to
be made by such Lender to any Borrower as provided in the foregoing provisions of this Article II, and such funds are not made
available to such Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article
IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds
as received from such Lender) to such Lender, without interest.

 

(d)         
Obligations of Lenders Several. The obligations of the Lenders hereunder to make Revolving Credit Loans and Term Loans,
to fund participations in Letters of Credit and Swing Line Loans and to make payments pursuant to Section 10.04(c) are several
and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 10.04(c)
on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender
shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under
Section 10.04(c).

 

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

 

2.13       
Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain
payment in respect of (a) Obligations in respect of any of the Facilities due and payable to such Lender hereunder and under the other
Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations due and
payable to such Lender at such time to (ii) the aggregate amount of the Obligations in respect of the Facilities due and payable to all
Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations in respect of the Facilities
due and payable to all Lenders hereunder and under the other Loan Documents at such time obtained by all the Lenders at such time or (b)
Obligations in respect of any of the Facilities owing (but not due and payable) to such Lender hereunder and under the other Loan Documents
at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing (but not due and
payable) to such Lender at such time to (ii) the aggregate amount of the Obligations in respect of the Facilities owing (but not due and
payable) to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations in respect
of the Facilities owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time obtained by
all of the Lenders at such time, then, in each case under clauses (a) and (b) above, the Lender receiving such greater proportion shall
(A) notify the Administrative Agent of such fact, and (B) purchase (for cash at face value) participations in the Loans and subparticipations
in L/C Obligations and Swing Line Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit
of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of Obligations in respect of the Facilities
then due and payable to the Lenders or owing (but not due and payable) to the Lenders, as the case may be, provided that:

 

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

 

(ii)              
the provisions of this Section shall not be construed to apply to (x) any payment made by or on behalf of a Borrower pursuant to
and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting
Lender), (y) the application of Cash Collateral provided for in Section 2.16, or (z) any payment obtained by a Lender as consideration
for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations or Swing Line Loans to any
assignee or participant, other than an assignment to the Company or any Subsidiary thereof (as to which the provisions of this Section
shall apply).

 

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

 

2.14      
Designated Borrowers. (a) Effective as of the Amendment No. 2 Effective Date, each of Tetra Tech Canada Holding Corporation,
a corporation organized under the laws of Canada, Tetra Tech UK Holdings Limited (formerly known as Coffey UK Limited), a private limited
company incorporated in England and Wales under the Companies Act 1985, and Tetra Tech Coffey Pty Ltd (formerly known as Coffey Services
Australia Pty Ltd), an Australian proprietary company limited by shares incorporated under the Australian Corporations Act 2001, shall
be a “Designated Borrower” hereunder and may receive Revolving Credit Loans for its account on the terms and conditions set
forth in this Agreement.

 

(b)          
The Company may at any time, upon not less than 15 Business Days’ notice from the Company to the Administrative Agent (or
such shorter period as may be agreed by the Administrative Agent in its sole discretion), designate any wholly-owned Subsidiary of the
Company (an “Applicant Borrower”) as a Designated Borrower to receive Revolving Credit Loans hereunder by delivering
to the Administrative Agent (which shall promptly deliver counterparts thereof to each Lender) a duly executed notice and agreement in
substantially the form of Exhibit F (a “Designated Borrower Request and Assumption Agreement”). The parties
hereto acknowledge and agree that prior to any Applicant Borrower becoming entitled to utilize the Revolving Credit Facility (i) the Administrative
Agent and each Revolving Credit Lender shall have received (A) all documentation and other information that the Administrative Agent or
such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money
laundering rules and regulations, including the USA PATRIOT Act, and (B) with respect to any Applicant Borrower that qualifies as a “legal
entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in relation to such Applicant Borrower,
(ii) the Administrative Agent and each Revolving Credit Lender shall have received such supporting resolutions, incumbency certificates,
opinions of counsel and other documents (including guarantees and Security Instruments as may be required to provide the guarantees and
collateral security required by Section 6.13) or information, in form, content and scope reasonably satisfactory to the Administrative
Agent, as may be required by the Administrative Agent or the Revolving Credit Lenders in their sole discretion, and (iii) each Revolving
Credit Lender shall have received Revolving Credit Notes signed by such new Borrowers to the extent requested thereby. If the Administrative
Agent and the Revolving Credit Lenders agree that an Applicant Borrower shall be entitled to receive Revolving Credit Loans hereunder,
then promptly following receipt of all such requested resolutions, incumbency certificates, opinions of counsel and other documents or information, the
Administrative Agent shall send a notice in substantially the form of Exhibit G (a “Designated Borrower Notice”)
to the Company and the Revolving Credit Lenders specifying the effective date upon which the Applicant Borrower shall constitute a Designated
Borrower for purposes hereof, whereupon each of the Revolving Credit Lenders agrees to permit such Designated Borrower to receive Revolving
Credit Loans hereunder, on the terms and conditions set forth herein, and each of the parties agrees that such Designated Borrower otherwise
shall be a Borrower for all purposes of this Agreement; provided that no Loan Notice or Letter of Credit Application may be submitted
by or on behalf of such Designated Borrower until the date five Business Days after such effective date.

 

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(c)          
The Obligations of the Company and each Designated Borrower that is a Domestic Subsidiary shall be joint and several in nature.
The Obligations of all Designated Borrowers that are Foreign Subsidiaries shall be several in nature.

 

(d)          
Each Subsidiary of the Company that is or becomes a “Designated Borrower” pursuant to this Section 2.14 hereby
irrevocably appoints the Company as its agent for all purposes relevant to this Agreement and each of the other Loan Documents, including
(i) the giving and receipt of notices, (ii) the execution and delivery of all documents, instruments and certificates contemplated herein
and all modifications hereto, and (iii) the receipt of the proceeds of any Revolving Credit Loans made by the Lenders, to any such Designated
Borrower hereunder. Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective
only if given or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken only by the
Company, whether or not any such other Borrower joins therein. Any notice, demand, consent, acknowledgement, direction, certification
or other communication delivered to the Company in accordance with the terms of this Agreement shall be deemed to have been delivered
to each Designated Borrower.

 

(e)          
The Company may from time to time, upon not less than 15 Business Days’ notice from the Company to the Administrative Agent
(or such shorter period as may be agreed by the Administrative Agent in its sole discretion), terminate a Designated Borrower’s
status as such, provided that (x) there are no outstanding Loans payable by such Designated Borrower, or other amounts payable
by such Designated Borrower on account of any Loans made to it, as of the effective date of such termination and (y) to the extent there
are outstanding Letters of Credit for the account of such Designated Borrower for which the Company is not listed as a co-applicant, the
Company shall assume the Obligations with respect to such Letters of Credit as of the effective date of such termination. The Administrative
Agent will promptly notify the Revolving Credit Lenders of any such termination of a Designated Borrower’s status.

 

2.15        Incremental
Commitments. 

 

(a)          
Request for Increase. Upon notice to the Administrative Agent, at any time after the Closing Date, the Company may request
additional Commitments (each, an “Incremental Commitment” and, collectively, the “Incremental Commitments”);
provided that (i) after giving effect to any such addition, the aggregate amount of Incremental Commitments that have been added
pursuant to this Section 2.15 after the Amendment No. 2 Effective Date shall not exceed $300,000,000 minus the amount, if
any, of the then outstanding or committed Indebtedness permitted by Section 7.03(k), (ii) any such addition shall be in an aggregate
amount of not less than $25,000,000 (or such lesser amount as may be acceptable to the Administrative Agent or shall represent all remaining
availability under this Section 2.15) and (iii) the Company may make a maximum of three such requests after the Amendment No. 2
Effective Date. Incremental Commitments may be provided, at the option of the Company, by (i) increasing the aggregate Revolving Credit
Commitments with the same terms (including pricing) as the existing Revolving Credit Facility (each, a “Revolving Credit Facility
Increase”) or (ii) creating a new tranche of term loans (each, an “Incremental Term Loan Facility”; and each
term loan thereunder, an “Incremental Term Loan”; and each Revolving Credit Facility Increase and Incremental Term
Loan Facility may also be referred to herein as an “Incremental Increase”);
provided that no Revolving Credit Facility Increase shall (A) increase the Swing Line Sublimit without the consent of the Swing
Line Lender, (B) increase the Letter of Credit Sublimit without the consent of the L/C Issuers or (C) increase the Alternative Currency
Sublimit without the consent of the Required Revolving Credit Lenders.

 

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(b)               
Ranking and Other Provisions. Each Incremental Term Loan Facility shall (i) rank pari passu in right of payment and in respect
of lien priority as to the Collateral with the existing Facilities, (ii) not have a weighted average life to maturity that is shorter
than the weighted average life to maturity of the Term Loan Facility, (iii) not mature earlier than the Maturity Date with respect to
the Term Loan Facility, (iv) be subject to pricing determined by the applicable Incremental Lenders, the Administrative Agent and the
Company, (v) be subject to an amortization schedule determined by the applicable Incremental Lenders, the Administrative Agent and the
Company (subject to the foregoing clauses (ii) and (iii)) and (vi) be otherwise subject to terms and conditions that are either consistent
with the Term Loan Facility or reasonably satisfactory to the applicable Incremental Lenders, the Administrative Agent and the Company;
provided that in no event shall the covenants, defaults and similar non-economic provisions applicable to any Incremental Term
Loan Facility (A) be more restrictive, taken as a whole, than the corresponding terms set forth in the then existing Loan Documents (except
to the extent either (1) applicable to all of the Facilities or (2) only applicable after the latest maturity date of the other Facilities
then in effect) or (B) contravene any of the terms of the then existing Loan Documents.

 

(c)               
Notices; Lender Elections. Each notice from the Company pursuant to this Section shall set forth the requested amount and
proposed summary of terms of the Incremental Commitments. Incremental Commitments may be made (at the option of the Company) by any existing
Lender or by any other bank or financial institution that is an Eligible Assignee (each such existing Lender or other bank or financial
institution providing Incremental Commitments, an “Incremental Lender”), in each case on terms permitted in this Section
and otherwise on terms reasonably acceptable to the Administrative Agent; provided that it is understood and agreed that no existing
Lender shall be obligated to provide any Incremental Commitment and each existing Lender may elect or decline to do so in its sole discretion.
At the time of the sending of such notice, the Company (in consultation with the Administrative Agent) shall specify the time period within
which each Lender and each prospective Incremental Lender is requested to respond. Each Lender shall notify the Administrative Agent within
such time period whether or not it agrees to provide an Incremental Commitment and, if so, whether by an amount equal to, greater than,
or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to
have declined to provide an Incremental Commitment. The Administrative Agent shall notify the Company and each Lender of the Lenders’
responses to each request made hereunder. Any Eligible Assignee invited to become a Lender pursuant to this Section 2.15 shall
do so pursuant to a joinder agreement (or other applicable documentation) in form and substance satisfactory to the Administrative Agent
and its counsel.

 

(d)               
Incremental Commitment Amendment. Incremental Commitments shall become Commitments under this Agreement pursuant to an amendment
(an “Incremental Commitment Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by
the Borrowers, the other Loan Parties, each Incremental Lender and the Administrative Agent. An Incremental Commitment Amendment may,
without the consent of any Lenders, effect such amendments to any Loan Documents as may be necessary or appropriate, in the opinion of
the Administrative Agent, to effect the provisions of this Section (including incorporating the Incremental Term Loans and Incremental
Commitments into the calculation of “Required Lenders” and related provisions).

 

(e)                Effective
Date and Allocations. If any Incremental Commitments are added in accordance with this Section 2.15, the Administrative
Agent and the Company shall determine the effective date (each, an “Incremental Effective Date”) and the final
allocation thereof. The Administrative Agent shall promptly notify the Company, the existing Lenders and the Incremental Lenders of
the final allocation of such addition and the Incremental Effective Date.

 

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(f)           
Conditions to Effectiveness of Increase. The effectiveness of any Incremental Commitment Amendment shall be subject to the
satisfaction on the Incremental Effective Date of each of the following conditions:

 

(i)               
Bring-down of Representations and Warranties. The representations and warranties of the Borrowers contained in Article
V and of each Loan Party contained in each other Loan Document shall be true and correct on and as of such Incremental Effective Date,
except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true
and correct as of such earlier date, and except that for purposes of this Section 2.15, the representations and warranties contained
in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant
to clauses (a) and (b), respectively, of Section 6.01.

 

(ii)              
No Default. No Default shall exist as of such Incremental Effective Date, and no Default shall occur on such Incremental
Effective Date as a result of making any Credit Extension in connection with the Incremental Commitments or from the application of the
proceeds thereof.

 

(iii)            
Documentation. The Administrative Agent shall have received each of the following, each dated the applicable Incremental
Effective Date (unless otherwise indicated) and each in form and substance satisfactory to the Administrative Agent: (A) the applicable
Incremental Commitment Amendment (and such other documents contemplated to be delivered in connection therewith); and (B) a certificate
of each Loan Party signed by a Responsible Officer of such Loan Party certifying and attaching the resolutions adopted by the board of
directors (or other appropriate governing body) of such Loan Party approving or consenting to the Incremental Commitment Amendment and
the Incremental Commitments provided, and in the case of the Company, certifying as to the satisfaction of the conditions set forth in
the foregoing subsections (i) and (ii).

 

(iv)            
Payment of Fees and Expenses. The Company shall have paid or made arrangements to pay contemporaneously with the effectiveness
of the Incremental Commitment Amendment all fees and expenses required to be paid in connection therewith (including all reasonable fees,
charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent)).

 

(g)          Effect
of Incremental Commitment Amendment. On each Incremental Effective Date, (i) each Eligible Assignee which is providing an
Incremental Commitment shall become a “Lender” for all purposes of this Agreement and the other Loan Documents, (ii)
each Incremental Commitment shall become a “Commitment” hereunder, (iii) each loan provided pursuant to an Incremental
Commitment shall be a “Loan” for all purposes of this Agreement and the other Loan Documents and (iv) in the case of any
Revolving Credit Facility Increase (A) each Lender having a Revolving Credit Commitment immediately prior to such Revolving Credit
Facility Increase will automatically and without further act be deemed to have assigned to each Lender providing a portion of the
Revolving Credit Facility Increase (each, a “Revolving Credit Increase Lender”) in respect of such Revolving
Credit Facility Increase, and each such Revolving Credit Increase Lender will automatically and without further act be deemed to
have assumed, a portion of such Revolving Credit Lender’s participations hereunder in outstanding Letters of Credit under the
Revolving Credit Facility and Swing Line Loans such that, after giving effect to each such deemed assignment and assumption of
participations, the percentage of the aggregate outstanding (1) participations hereunder in such Letters of Credit and (2)
participations hereunder in Swing Line Loans, will, in each case, equal each Lender’s Applicable Revolving Credit Percentage
(after giving effect to such Revolving Credit Facility Increase) and (B) if on the date of such Revolving Credit Facility Increase
there are any Revolving Credit Loans outstanding, the Revolving Credit Lenders shall make such payments among themselves as the
Administrative Agent may reasonably request to the extent necessary to keep the outstanding Revolving Credit Loans ratable with any
revised Applicable Revolving Credit Percentages arising from such Revolving Credit Facility Increase, and the Borrowers shall pay to
the applicable Lenders any amounts required to be paid pursuant to Section 3.05 in connection with such payments among the
Lenders as if such payments were effected by prepayments of Revolving Credit Loans.

 

(h)          
Conflicting Provisions. This Section shall supersede any provisions in Section 2.13 or 10.01 to the contrary.

 

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2.16       
Cash Collateral. 

 

(a)          
Certain Credit Support Events. (i) Upon the request of the Administrative Agent or the L/C Issuer (A) if the L/C Issuer
has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if,
as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Company shall, in each case, immediately
Cash Collateralize the then Outstanding Amount of all L/C Obligations.

 

(ii)       At
any time that there shall exist a Defaulting Lender, immediately upon the request of the Administrative Agent or the L/C Issuer, the Company
shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure (after giving effect
to Section 2.17(a)(iv) and any Cash Collateral provided by the Defaulting Lender).

 

(iii)       In
addition, if the Administrative Agent notifies the Company at any time that the Outstanding Amount of all L/C Obligations at such time
exceeds 105% of the Letter of Credit Sublimit then in effect, then, within two Business Days after receipt of such notice, the Company
shall Cash Collateralize the L/C Obligations in an amount equal to the amount by which the Outstanding Amount of all L/C Obligations exceeds
the Letter of Credit Sublimit.

 

(b)         
Grant of Security Interest. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall
be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Company, and to the extent provided by any Defaulting
Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative
Agent, the L/C Issuer and the Lenders, and agrees to maintain, a first priority security interest in all such cash, deposit accounts and
all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security
for the obligations to which such Cash Collateral may be applied pursuant to Section 2.16(c). If at any time the Administrative
Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided,
or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby (including
by reason of exchange rate fluctuations), the Company or the relevant Defaulting Lender will, promptly upon demand by the Administrative
Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

 

(c)           Application.
Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.16
or Sections 2.03, 2.04, 2.05, 2.17 or 8.02 in respect of Letters of Credit shall be held and
applied to the satisfaction of the specific L/C Obligations, obligations to fund
participations therein (including, as to Cash Collateral provided by any Defaulting Lender, any interest accrued on such obligation)
and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may
otherwise be provided for herein.

 

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(d)          
Release. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other obligations
shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto
(including by the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance
with Section 10.06(b)(vi))) or (ii) the Administrative Agent’s good faith determination that there exists excess Cash Collateral;
provided, however, (x) that Cash Collateral furnished by or on behalf of a Loan Party shall not be released during the continuance
of a Default or Event of Default (and following application as provided in this Section 2.16 may be otherwise applied in accordance
with Section 8.03), and (y) the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall not be
released but instead held to support future anticipated Fronting Exposure or other obligations.

 

2.17       
Defaulting Lenders. 

 

(a)          
Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender,
then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:

 

(i)              
Waivers and Amendments. That Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with
respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders”, “Required Revolving
Credit Lenders”, “Required Term Loan Lenders” and Section 10.01.

 

(ii)              Defaulting
Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account
of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise, and including
any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to Section 10.08), shall be applied
at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing
by that Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts
owing by that Defaulting Lender to the L/C Issuer or Swing Line Lender hereunder; third, to Cash Collateralize the L/C
Issuer’s Fronting Exposure with respect to that Defaulting Lender in accordance with Section 2.16; fourth, as
the Company may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which that
Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth,
if so determined by the Administrative Agent and the Company, to be held in a deposit account and released pro rata in order to (x)
satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash
Collateralize the L/C Issuer’s future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters
of Credit issued under this Agreement, in accordance with Section 2.16; sixth, to the payment of any amounts owing to
the Lenders, the L/C Issuer or Swing Line Lender as a result of any judgment of a court of competent jurisdiction obtained by any
Lender, the L/C Issuer or the Swing Line Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach
of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any
amounts owing to the Company as a result of any judgment of a court of competent jurisdiction obtained by the Company against that
Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and eighth,
to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is
a payment of the principal amount of any Loans or L/C Borrowings in respect of which that Defaulting Lender has not fully funded its
appropriate share and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth
in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed
to, all Non-Defaulting Lenders under the applicable Facility on a pro rata basis (and ratably among all applicable Facilities
computed in accordance with the Defaulting Lenders’ respective funding deficiencies) prior to being applied to the payment of
any Loans of, or L/C Obligations owed to, that Defaulting Lender under the applicable Facility until such time as all Loans and
funded and unfunded participations in L/C Obligations and Swing Line Loans are held by the Lenders pro rata in accordance with the
Commitments hereunder without giving effect to Section 2.17(a)(iv). Any payments, prepayments or other amounts paid or
payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral
pursuant to this Section 2.17(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender
irrevocably consents hereto.

 

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(iii)        
Certain Fees.

 

(A)            
No Defaulting Lender shall be entitled to receive any Commitment Fee pursuant to Section 2.09(a)
for any period during which that Lender is a Defaulting Lender (and the Company shall not be required to pay any such fee that otherwise
would have been required to have been paid to that Defaulting Lender).

 

(B)             
Each Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which
that Lender is a Defaulting Lender only to the extent allocable to its Applicable Revolving Credit Percentage of the stated amount of
Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.16. 

 

(C)             
With respect to any Letter of Credit Fee not required to be paid to any Defaulting Lender pursuant
to this paragraph, the Company shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting
Lender with respect to such Defaulting Lender’s participation in L/C Obligations that has been reallocated to such Non-Defaulting
Lender pursuant to clause (iv) below, (y) pay to the L/C Issuer the amount of any such fee otherwise payable to such Defaulting Lender
to the extent allocable to the L/C Issuer’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining
amount of any such fee.

 

(iv)        
Reallocation of Applicable Percentages to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation
in L/C Obligations and Swing Line Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable
Revolving Credit Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such
reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s
Revolving Credit Commitment. Subject to Section 10.20, no reallocation hereunder shall constitute a waiver or release of any claim
of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of
a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

 

(v)          Cash
Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iv) above cannot, or can only partially,
be effected, the Company shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, (A)
first, prepay Swing Line Loans in an amount equal to the Swing Line Lender’s Fronting Exposure and (B) second, Cash
Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.16.

 

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(b)            
Defaulting Lender Cure. If the Company, the Administrative Agent, and,
in the case that a Defaulting Lender is a Revolving Credit Lender, the Swing Line Lender and the L/C Issuer agree in writing in their
sole discretion that a Lender under any Facility is no longer a Defaulting Lender, the Administrative Agent will so notify the parties
hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include
arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding
Loans of the other Lenders under such Facility or take such other actions as the Administrative Agent may determine to be necessary to
cause the Loans under such Facility and, in the case of the Revolving Credit Facility, the funded and unfunded participations in Letters
of Credit and Swing Line Loans to be held on a pro rata basis by the Lenders under such Facility in accordance with their Applicable
Percentages (without giving effect to Section 2.17(a)(iv)), whereupon that Lender will cease to be a Defaulting Lender; provided
that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Company while
that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party
hereunder arising from that Lender’s having been a Defaulting Lender.

 

2.18          
Sustainability Adjustments.

 

(a)             
Following the date on which the Company provides a Pricing Certificate in respect of the most recently ended fiscal year (commencing
with the fiscal year ending October 2, 2022, (i) the Applicable Interest Rate Percentage shall be increased or decreased (or neither increased
nor decreased), as applicable, pursuant to the Sustainability Rate Adjustment as set forth in such Pricing Certificate in the manner and
at the times described in this Section 2.18 (but in no event shall any adjustment result in the Applicable Interest Rate Percentage
being less than 0.00%) and (ii) the Applicable Commitment Fee Percentage shall be increased or decreased (or neither increased nor decreased),
as applicable, pursuant to the Sustainability Fee Adjustment as set forth in such Pricing Certificate in the manner and at the times described
in this Section 2.18 (but in no event shall any adjustment result in the Applicable Commitment Fee Percentage being less than 0.00%).
For purposes of the foregoing, (A) each of the Sustainability Rate Adjustment and the Sustainability Fee Adjustment shall be effective
as of the fifth (5th) Business Day following receipt by the Administrative Agent of a Pricing Certificate delivered pursuant to Section
2.18(i) based upon the KPI Metrics set forth in such Pricing Certificate and the calculations of the Sustainability Rate Adjustment
and the Sustainability Fee Adjustment, as applicable, therein (such day, the “Sustainability Pricing Adjustment Date”)
and (B) each change in the Applicable Interest Rate Percentage and the Applicable Commitment Fee Percentage resulting from a Pricing Certificate
and the Sustainability Rate Adjustment and the Sustainability Fee Adjustment related thereto shall be effective during the period commencing
on and including the applicable Sustainability Pricing Adjustment Date and ending on the date immediately preceding the next such Sustainability
Pricing Adjustment Date (or, in the case of non-delivery of a Pricing Certificate for the immediately following period, the last day such
Pricing Certificate for such following period could have been delivered pursuant to the terms of Section 2.18(i)) (any such period,
an “Applicable Sustainability Pricing Adjustment Period”).

 

(b)             For
the avoidance of doubt, only one Pricing Certificate may be delivered in respect of any fiscal year of the Company. It is further
understood and agreed that any Sustainability Rate Adjustment or Sustainability Fee Adjustment made for any Applicable
Sustainability Pricing Adjustment Period shall only be applicable for such Applicable Sustainability Pricing Adjustment Period and
any increases or reductions to the Applicable Interest Rate Percentage and Applicable Commitment Fee Percentage, respectively,
resulting therefrom shall be reset to “zero” following the conclusion of such Applicable Sustainability Pricing
Adjustment Period.

 

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(c)             
It is hereby understood and agreed that if no such Pricing Certificate is delivered by the Company within the period set forth
in Section 2.18(i), [reserved] commencing on the last day such Pricing Certificate could have been delivered pursuant to the terms
of Section 2.18(i) and continuing until the Company delivers a Pricing Certificate to the Administrative Agent. In the event no
Pricing Certificate is delivered for a fiscal year by June 30th of such year, the Sustainability Rate Adjustment and Sustainability
Fee Adjustment with respect to such fiscal year shall be the Threshold Adjustment. In the event no Sustainability Report is delivered
for the fiscal year ended October 3, 2021 prior to delivery of the Pricing Certificate for the fiscal year ending October 2, 2022, the
Sustainability Rate Adjustment and Sustainability Fee Adjustment with respect to such fiscal year shall be the Threshold Adjustment.

 

(d)             
If (i)(A) the Company or any Lender becomes aware of any material inaccuracy in the Sustainability Rate Adjustment, the Sustainability
Fee Adjustment, or the KPI Metrics as reported in a Pricing Certificate (any such material inaccuracy, a “Pricing Certificate
Inaccuracy”), and in the case of any Lender, such Lender delivers, not later than ten (10) Business Days after obtaining knowledge
thereof, a written notice to the Administrative Agent describing such Pricing Certificate Inaccuracy in reasonable detail (which description
shall be shared with each Lender and the Company), or (B) the Company and the Lenders agree that there was a Pricing Certificate Inaccuracy
at the time of delivery of a Pricing Certificate, and (ii) a proper calculation of the Sustainability Rate Adjustment, the Sustainability
Fee Adjustment or the KPI Metrics would have resulted in an increase in the Applicable Interest Rate Percentage and the Applicable Commitment
Fee Percentage for any period, the Company shall be obligated to pay to the Administrative Agent for the account of the applicable Lenders
or the applicable L/C Issuers, as the case may be, promptly on demand by the Administrative Agent (or, after the occurrence of an actual
or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the United States (or any comparable
event under non-U.S. Debtor Relief Laws), automatically and without further action by the Administrative Agent, any Lender or any L/C
Issuer), but in any event within ten (10) Business Days after the Company has received written notice of, or has agreed in writing that
there was a Pricing Certificate Inaccuracy, an amount equal to the excess of (1) the amount of interest and fees that should have been
paid for such period over (2) the amount of interest and fees actually paid for such period. If the Company becomes aware of any Pricing
Certificate Inaccuracy and, in connection therewith, if a proper calculation of the Sustainability Rate Adjustment, the Sustainability
Fee Adjustment or the KPI Metrics would have resulted in a decrease in the Applicable Interest Rate Percentage and the Applicable Commitment
Fee Percentage for any period, then, upon receipt by the Administrative Agent of notice from the Company of such Pricing Certificate Inaccuracy
(which notice shall include corrections to the calculations of the Sustainability Rate Adjustment, the Sustainability Fee Adjustment,
or the KPI Metrics, as applicable), commencing on the Business Day following receipt by the Administrative Agent of such notice, the Applicable
Interest Rate Percentage and the Applicable Commitment Fee Percentage shall be adjusted to reflect the corrected calculations of the Sustainability
Rate Adjustment, the Sustainability Fee Adjustment or the KPI Metrics, as applicable. Notwithstanding the foregoing or anything to the
contrary herein, any information in a Pricing Certificate shall be deemed to be not materially inaccurate (and no Pricing Certificate
Inaccuracy shall be deemed to have occurred in respect thereof), and any calculation of the Sustainability Rate Adjustment, the Sustainability
Fee Adjustment or the KPI Metrics shall be deemed proper, and in each case shall not implicate this Section 2.18(d), if such information
or calculation was made by the Company in good faith based on information reasonably available to the Company at the time such calculation
was made.

 

(e)              It
is understood and agreed that any Pricing Certificate Inaccuracy (and any consequences thereof) shall not constitute a Default or
Event of Default so long as the Company complies with the terms of Section 2.18(d) with respect to such Pricing Certificate
Inaccuracy. Notwithstanding anything to the contrary herein, unless such amounts shall be due upon the occurrence of an actual or
deemed entry of an order for relief with respect to a Borrower under the Bankruptcy Code of the United States (or any comparable
event under non-U.S. Debtor Relief Laws), (i) any additional amounts required to be paid pursuant to the immediately preceding subsection
(d) shall not be due and payable until the date that is ten (10) Business Days after a written demand is made for such payment
by the Administrative Agent in accordance with such subsection (d), (ii) any nonpayment of such additional amounts prior to
or upon the date that is ten (10) Business Days after such written demand for payment by the Administrative Agent shall not
constitute a Default (whether retroactively or otherwise) and (iii) none of such additional amounts shall be deemed overdue prior to
such date that is ten (10) Business Days after such written demand or shall accrue interest at the Default Rate prior to such date
that is ten (10) Business Days after such written demand.

 

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(f)           
Each party hereto hereby agrees that neither the Administrative Agent nor the Sustainability Coordinator shall have any responsibility
for (or liability in respect of) reviewing, auditing or otherwise evaluating any calculation by the Company of any Sustainability Fee
Adjustment or any Sustainability Rate Adjustment (or any of the data or computations that are part of or related to any such calculation)
set forth in any Pricing Certificate. The Administrative Agent may rely conclusively on any such Pricing Certificate, without further
inquiry.

 

(g)          
To the extent any event occurs (which would include, without limitation, a material disposition or material acquisition) which,
in the opinion of the Company and the Sustainability Coordinator, acting reasonably, means that one or more of the Sustainability Targets
or Sustainability Thresholds set forth in the Sustainability Table is no longer applicable given changes in the Company’s structure,
then the Company and the Sustainability Coordinator will report to the Lenders that such Sustainability Targets and Sustainability Thresholds
will no longer apply. In such a scenario, the Company will then cease to refer to the applicable KPI Metrics, Sustainability Targets and
Sustainability Thresholders in the Pricing Certificate for such period.

 

(h)         
To the extent the Sustainability Coordinator ceases to be a Lender (or an Affiliate of a Lender), the Company shall use commercially
reasonable efforts to seek to appoint another Person that is a Lender (or an Affiliate of a Lender) to fulfill the role of the Sustainability
Coordinator.

 

(i)           
The Company shall use commercially reasonable efforts to deliver to the Administrative Agent a Pricing Certificate for the most
recently ended fiscal year (commencing with delivery in 2023 for the fiscal year ended in 2022) within sixty (60) days of the release
of the annual Sustainability Report (but in no event earlier than February 1st of any fiscal year); provided that, unless
the Company elects not to deliver a Pricing Certificate for such fiscal year, such Pricing Certificate shall be delivered no later than
June 30th of any fiscal year. Any such election shall not constitute a Default or Event of Default hereunder, but shall subject
the Company to the Threshold Adjustment described in Section 2.18(c) above.

 

ARTICLE
III.TAXES, YIELD PROTECTION AND ILLEGALITY

 

3.01       
Taxes. 

 

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

 

(i)                 Any
and all payments by or on account of any obligation of the respective Borrowers hereunder or under any other Loan Document shall to
the extent permitted by applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however,
applicable Laws require any Borrower or the Administrative Agent to withhold or deduct any Tax, such Tax shall be withheld or
deducted in accordance with such Laws as determined by such Borrower or the Administrative Agent, as the case may be, upon the basis
of the information and documentation to be delivered pursuant to subsection (e) below. For purposes of this Section 3.01, the
term “Lender” includes the L/C Issuer and the term “Laws” includes FATCA.

 

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(ii)         
If any Borrower or the Administrative Agent shall be required by the Code to withhold or deduct any Taxes, including both United
States Federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make such
deductions as are determined by the Administrative Agent to be required based upon the information and documentation it has received pursuant
to subsection (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental
Authority in accordance with the Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes
or Other Taxes, the sum payable by such Borrower shall be increased as necessary so that after any required withholding or the making
of all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent or
Lender, as the case may be, receives an amount equal to the sum it would have received had no such withholding or deduction been made.

 

(iii)        
If any Borrower or the Administrative Agent shall be required by any applicable Laws other than the Code to withhold or deduct
any Taxes from any payment, then (A) such Borrower or the Administrative Agent, as required by such Laws, shall withhold or make such
deductions as are determined by it to be required based upon the information and documentation it has received pursuant to subsection
(e) below, (B) such Borrower or the Administrative Agent, to the extent required by such Laws, shall make such deductions and (iii)
such Borrower shall timely pay the full amount so withheld or deducted by it to the relevant Governmental Authority in accordance with
such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes or Other Taxes, the sum payable
by such Borrower shall be increased as necessary so that after any required withholding or the making of all required deductions (including
deductions applicable to additional sums payable under this Section) the Administrative Agent or Lender, as the case may be, receives
an amount equal to the sum it would have received had no such withholding or deduction been made.

 

(b)          
Payment of Other Taxes by the Borrowers. Without limiting the provisions of subsection (a) above, each Borrower shall
timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Laws.

 

(c)          
Tax Indemnifications.

 

(i)                 Without
limiting the provisions of subsection (a) or (b) above, each Borrower shall, and does hereby, indemnify the
Administrative Agent and each Lender, and shall make payment in respect thereof within 10 days after demand therefor, for the full
amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to
amounts payable under this Section) withheld or deducted by such Borrower or the Administrative Agent or paid by the Administrative
Agent or such Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect
thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. Each Borrower shall also, and does hereby, indemnify the Administrative Agent, and shall make payment in
respect thereof within 10 days after demand therefor, for any amount which a Lender for any reason fails to pay indefeasibly to the
Administrative Agent as required by clause (ii) of this subsection. A certificate as to the amount of any such payment or
liability delivered to a Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own
behalf or on behalf of a Lender, shall be conclusive absent manifest error.

 

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(ii)              
Without limiting the provisions of subsection (a) or (b) above, each Lender shall, and does hereby, indemnify severally
indemnify, and shall make payment in respect thereof within 10 days after demand therefor, (x) the Administrative Agent against any Indemnified
Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for
such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (y) the Administrative Agent and the Loan Parties,
as applicable, against any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.06(d) relating
to the maintenance of a Participant Register and (z) the Administrative Agent and the Loan Parties, as applicable, against any Excluded
Taxes attributable to such Lender or the L/C Issuer, in each case, that are payable or paid by the Administrative Agent or a Loan Party
in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes
the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan
Document against any amount due to the Administrative Agent under this clause (ii). The agreements in this clause (ii) shall survive
the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination
of the Aggregate Commitments and the repayment, satisfaction or discharge of all other Obligations.

 

(d)          
Evidence of Payments. Upon request by a Borrower or the Administrative Agent, as the case may be, after any payment of Taxes
by such Borrower or by the Administrative Agent to a Governmental Authority as provided in this Section 3.01, such Borrower shall
deliver to the Administrative Agent or the Administrative Agent shall deliver to such Borrower, as the case may be, the original or a
certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Laws to report
such payment or other evidence of such payment reasonably satisfactory to such Borrower or the Administrative Agent, as the case may be.

 

(e)          
Status of Lenders; Tax Documentation.

 

(i)           
Each Lender shall deliver to the Company and to the Administrative Agent, at the time or times prescribed by applicable Laws or
when reasonably requested by the Company or the Administrative Agent, such properly completed and executed documentation prescribed by
applicable Laws or by the taxing authorities of any jurisdiction and such other reasonably requested information as will permit the Company
or the Administrative Agent, as the case may be, to determine (A) whether or not payments made by the respective Borrowers hereunder or
under any other Loan Document are subject to Taxes, (B) if applicable, the required rate of withholding or deduction, and (C) such Lender’s
entitlement to any available exemption from, or reduction of, applicable Taxes in respect of all payments to be made to such Lender by
the respective Borrowers pursuant to this Agreement or otherwise to establish such Lender’s status for withholding tax purposes
in the applicable jurisdictions.

 

(ii)          
 Without limiting the generality of the foregoing, if a Borrower is resident for tax purposes in the United States,

 

(A)             any
Lender that is a “United States person” within the meaning of Section 7701(a)(30) of the Code shall deliver to the
Company and the Administrative Agent executed originals of Internal Revenue Service Form W-9 or such other documentation or
information prescribed by applicable Laws or reasonably requested by the Company or the Administrative Agent as will enable such
Borrower or the Administrative Agent, as the case may be, to determine whether or not such Lender is subject to backup withholding
or information reporting requirements; and

 

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(B)             
Each Foreign Lender that is entitled under the Code or any applicable treaty to an exemption from
or reduction of withholding tax with respect to payments hereunder or under any other Loan Document shall deliver to the Company and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Company on behalf of such Borrower or
the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable: 

 

(I)       executed
originals of Internal Revenue Service Form W-8BEN-E (or W-8BEN if applicable) claiming eligibility for benefits of an income tax treaty
to which the United States is a party,

 

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

 

(III)     executed
originals of Internal Revenue Service Form W-8IMY and all required supporting documentation,

 

(IV)     in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under section 881(c) of the Code, (x) a certificate
to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10
percent shareholder” of such Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign
corporation” described in section 881(c)(3)(C) of the Code and (y) executed originals of Internal Revenue Service Form W-8BEN-E
(or W-8BEN if applicable), or

 

(V)      executed
originals of any other form prescribed by applicable Laws as a basis for claiming exemption from or a reduction in United States Federal
withholding tax together with such supplementary documentation as may be prescribed by applicable Laws or reasonably requested by the
Company or the Administrative Agent to permit the applicable Borrower or the Administrative Agent to determine the withholding or deduction
required to be made.

 

(iii)          Each
Lender shall promptly (A) notify the Company and the Administrative Agent of any change in circumstances which would modify or render
invalid any claimed exemption or reduction, and (B) take such steps as shall not be materially disadvantageous to it, in the reasonable
judgment of such Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement
of applicable Laws of any jurisdiction that any Borrower or the Administrative Agent make any withholding or deduction for taxes from
amounts payable to such Lender.

 

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

 

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(v)           Each
of the Borrowers shall promptly deliver to the Administrative Agent or any Lender, as the Administrative Agent or such Lender shall reasonably
request, on or prior to the Closing Date (or such later date on which it first becomes a Borrower), and in a timely fashion thereafter,
such documents and forms required by any relevant taxing authorities under the Laws of any jurisdiction, duly executed and completed by
such Borrower, as are required to be furnished by such Lender or the Administrative Agent under such Laws in connection with any payment
by the Administrative Agent or any Lender of Taxes or Other Taxes, or otherwise in connection with the Loan Documents, with respect to
such jurisdiction.

 

(f)          
Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have any obligation
to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted
from funds paid for the account of such Lender. If the Administrative Agent or any Lender determines, in its sole discretion, that it
has received a refund of any Taxes or Other Taxes as to which it has been indemnified by any Borrower or with respect to which any Borrower
has paid additional amounts pursuant to this Section, it shall pay to such Borrower an amount equal to such refund (but only to the extent
of indemnity payments made, or additional amounts paid, by such Borrower under this Section with respect to the Taxes or Other Taxes giving
rise to such refund), net of all out-of-pocket expenses and net of any loss or gain realized in the conversion of such funds from or to
another currency incurred by the Administrative Agent or such Lender, as the case may be, and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund), provided that each Borrower, upon the request of the
Administrative Agent or such Lender agrees to repay the amount paid over to such Borrower (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such
Lender is required to repay such refund to such Governmental Authority. This subsection shall not be construed to require the Administrative
Agent or any Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to any
Borrower or any other Person.

 

(g)         
Survival. Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of
the Administrative Agent or any assignment of rights by, or the replacement of, a Lender or the L/C Issuer, the termination of the Commitments
and the repayment, satisfaction or discharge of all other Obligations.

 

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3.02        Illegality.
If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for
any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to a Relevant
Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to engage in reverse
repurchase of U.S. Treasury securities transactions of the type included in the determination of SOFR, or to determine or charge
interest rates based upon a Relevant Rate or to purchase or sell, or to take deposits of, Dollars or any Alternative Currency in the
applicable interbank market, then, on notice thereof by such Lender to the Company through the Administrative Agent, (i) any
obligation of such Lender to make or maintain Alternative Currency Loans in the affected currency or currencies or, in the case of
Loans denominated in Dollars, to make or maintain Term SOFR Loans or to convert Base Rate Loans to Term SOFR Loans shall be, in each
case, suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans the interest
rate on which is determined by reference to the Term SOFR component of the Base Rate, the interest rate on which Base Rate Loans of
such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Term
SOFR component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Company that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrowers shall, upon demand
from such Lender (with a copy to the Administrative Agent), prepay all Term SOFR Loans and Alternative Currency Loans in the
affected currency or currencies or, if applicable and such Loans are denominated in Dollars, convert all such Term SOFR Loans of
such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such
illegality, be determined by the Administrative Agent without reference to the Term SOFR component of the Base Rate), in each case,
immediately, or, in the case of the Alternative Currency Term Rate Loans or Term SOFR Loans, on the last day of the Interest Period
therefor, if such Lender may lawfully continue to maintain such Alternative Currency Term Rate Loans or Term SOFR Loans to such day
and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon SOFR, the
Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to
the Term SOFR component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for
such Lender to determine or charge interest rates based upon SOFR. Upon any such prepayment or conversion, the Borrowers shall also
pay accrued interest on the amount so prepaid or converted, together with any additional amounts required pursuant to Section
3.05.

 

3.03       
Inability to Determine Rates. 

 

(a)          
If in connection with any request for a Term SOFR Loan or an Alternative Currency Loan or a conversion of Base Rate Loans to Term
SOFR Loans or a continuation of any of such Loans, as applicable, (i) the Administrative Agent determines (which determination shall
be conclusive absent manifest error) that (A) no Successor Rate for the Relevant Rate for the applicable Agreed Currency has been determined
in accordance with Section 3.03(b) and the circumstances under clause (i) of Section 3.03(b) or the Scheduled Unavailability
Date has occurred with respect to such Relevant Rate (as applicable), or (B) adequate and reasonable means do not otherwise exist for
determining the Relevant Rate for the applicable Agreed Currency for any determination date(s) or requested Interest Period, as applicable,
with respect to a proposed Term SOFR Loan or an Alternative Currency Loan or in connection with an existing or proposed Base Rate Loan,
or (ii) the Administrative Agent or the Required Lenders determine that for any reason that the Relevant Rate with respect to a proposed
Loan denominated in an Agreed Currency, in each case, for any requested Interest Period or determination date(s) does not adequately and
fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Company and each Lender.

 

Thereafter, (x) the obligation
of the Lenders to make or maintain Loans in the affected currencies, as applicable, or to convert Base Rate Loans to Term SOFR Loans,
shall be suspended in each case to the extent of the affected Term SOFR Loans, Alternative Currency Loans or Interest Period or determination
date(s), as applicable, and (y) in the event of a determination described in the preceding sentence with respect to the Term SOFR component
of the Base Rate, the utilization of the Term SOFR component in determining the Base Rate shall be suspended, in each case until the Administrative
Agent (or, in the case of a determination by the Required Lenders described in clause (ii) of this Section 3.03(a), until the Administrative
Agent upon instruction of the Required Lenders) revokes such notice.

 

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Upon receipt of such notice,
(i) the Company may revoke any pending request for a Borrowing of, or conversion to, or continuation of Term SOFR Loans or Alternative
Currency Loans to the extent of the affected Term SOFR or Alternative Currency Loans or Interest Period or determination date(s), as applicable
or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans denominated in Dollars
in the Dollar Equivalent of the amount specified therein and (ii) (A) any outstanding Term SOFR Loans shall be deemed to have been converted
to Base Rate Loans immediately at the end of their respective Interest Periods and (B) any outstanding affected Alternative Currency Loans,
at the Company’s election, shall either (1) be converted into Base Rate Loans denominated in Dollars in the Dollar Equivalent of
the amount of such outstanding Alternative Currency Loan immediately, in the case of an Alternative Currency Daily Rate Loan or at the
end of the applicable Interest Period, in the case of an Alternative Currency Term Rate Loan, or (2) be prepaid in full immediately, in
the case of an Alternative Currency Daily Rate Loan, or at the end of the applicable Interest Period, in the case of an Alternative Currency
Term Rate Loan; provided that if no election is made by the Company (x) in the case of an Alternative Currency Daily Rate Loan,
by the date that is three Business Days after receipt by the Company of such notice or (y) in the case of an Alternative Currency Term
Rate Loan, by the last day of the current Interest Period for the applicable Alternative Currency Term Rate Loan, the Company shall be
deemed to have elected clause (1) above.

 

(b)          
Replacement of Relevant Rate or Successor Rate. Notwithstanding anything to the contrary in this Agreement or any other
Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Company
or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Company) that the Company
or Required Lenders (as applicable) have determined, that:

 

(i)          
adequate and reasonable means do not exist for ascertaining the Relevant Rate for an Agreed Currency because none of the tenors
of such Relevant Rate (including any forward-looking term rate thereof) is available or published on a current basis and such circumstances
are unlikely to be temporary; or

 

(ii)         
the Applicable Authority has made a public statement identifying a specific date after which all tenors of the Relevant Rate for
an Agreed Currency (including any forward-looking term rate thereof) shall or will no longer be representative or made available, or used
for determining the interest rate of loans denominated in such Agreed Currency, or shall or will otherwise cease, provided that, in each
case, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent that will continue
to provide such representative tenor(s) of the Relevant Rate for such Agreed Currency (the latest date on which all tenors of the Relevant
Rate for such Agreed Currency (including any forward-looking term rate thereof) are no longer representative or available permanently
or indefinitely, the “Scheduled Unavailability Date”); or

 

(iii)        
syndicated loans currently being executed and agented in the U.S., are being executed or amended (as applicable) to incorporate
or adopt a new benchmark interest rate to replace the Relevant Rate for an Agreed Currency;

 

or if the events or
circumstances of the type described in Section 3.03(b)(i), (ii) or (iii) have occurred with respect to the
Successor Rate then in effect, then, the Administrative Agent and the Company may amend this Agreement solely for the purpose of
replacing the Relevant Rate for an Agreed Currency or any then current Successor Rate for an Agreed Currency in accordance with this Section
3.03 with an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar credit
facilities syndicated and agented in the U.S. and denominated in such Agreed Currency for such alternative benchmarks, and, in each
case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing
convention for similar credit facilities syndicated and agented in the U.S. and denominated in such Agreed Currency for such
benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by
the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (and any such proposed rate,
including for the avoidance of doubt, any adjustment thereto, a “Successor Rate”), and any such amendment shall
become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to
all Lenders and the Company unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative
Agent written notice that such Required Lenders object to such amendment.

 

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The Administrative Agent will
promptly (in one or more notices) notify the Company and each Lender of the implementation of any Successor Rate.

 

Any Successor Rate shall be
applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible
for the Administrative Agent, such Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative
Agent.

 

Notwithstanding anything else
herein, if at any time any Successor Rate as so determined would otherwise be less than zero, the Successor Rate will be deemed to be
zero for the purposes of this Agreement and the other Loan Documents.

 

In connection with the implementation
of a Successor Rate, the Administrative Agent will have the right 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; provided that, with respect to any such amendment effected,
the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Company and the Lenders reasonably
promptly after such amendment becomes effective.

 

3.04       
Increased Costs.

 

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

 

(i)          
impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against
assets of, deposits with or for the account of, or credit extended or participated in by, any Lender or the L/C Issuer;

 

(ii)         
subject any Lender or the L/C Issuer to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit, any
participation in a Letter of Credit or any Loan made by it, or change the basis of taxation of payments to such Lender or the L/C Issuer
in respect thereof (except for (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (e) of the definition of Excluded Taxes
and (C) Connection Income Taxes); or

 

(iii)       
impose on any Lender or the L/C Issuer or any applicable interbank market any other condition, cost or expense affecting this Agreement,
Term SOFR Loans or Alternative Currency Loans made by such Lender or any Letter of Credit or participation therein;

 

and the result of any of the foregoing shall
be to increase the cost to such Lender of making, converting to, continuing or maintaining any Loan (or of maintaining its
obligation to make any such Loan), or to increase the cost to such Lender or the L/C Issuer of participating in, issuing or
maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce
the amount of any sum received or receivable by such Lender or the L/C Issuer hereunder (whether of principal, interest or any other
amount) then, upon request of such Lender or the L/C Issuer, the Company will pay (or cause the applicable Designated Borrower to
pay) to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the
L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered.

 

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

 

(c)          
Certificates for Reimbursement. A certificate of a Lender or the L/C Issuer setting forth the amount or amounts necessary
to compensate such Lender or the L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b)
of this Section and delivered to the Company shall be conclusive absent manifest error. The Company shall pay (or cause the applicable
Designated Borrower to pay) such Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate within
10 days after receipt thereof.

 

(d)         
Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer to demand compensation pursuant to the foregoing
provisions of this Section shall not constitute a waiver of such Lender’s or the L/C Issuer’s right to demand such compensation,
provided that no Borrower shall be required to compensate a Lender or the L/C Issuer pursuant to the foregoing provisions of this
Section for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender or the L/C Issuer,
as the case may be, notifies the Company of the Change in Law giving rise to such increased costs or reductions and of such Lender’s
or the L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs
or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect
thereof).

 

3.05      
Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Company
shall promptly compensate (or cause the applicable Designated Borrower to compensate) such Lender for and hold such Lender harmless from
any loss, cost or expense incurred by it as a result of:

 

(a)         
any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of
any Interest Period, relevant interest payment date or payment period, as applicable, for such Loan, if applicable (whether voluntary,
mandatory, automatic, by reason of acceleration, or otherwise);

 

(b)          
any failure by any Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or
convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Company or the applicable Designated Borrower;

 

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(c)          
 any failure by any Borrower to make payment of any Loan or drawing under any Letter of Credit (or interest due thereon) denominated
in an Alternative Currency on its scheduled due date or any payment thereof in a different currency; or

 

(d)          
any assignment of an Alternative Currency Term Rate Loan or Term SOFR Loan, in each case on a day other than the last day of the
Interest Period therefor as a result of a request by the Company pursuant to Section 10.13;

 

including any loss of anticipated profits, any
foreign exchange losses and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such
Loan, from fees payable to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange
contract. The Company shall also pay (or cause the applicable Designated Borrower to pay) any customary administrative fees charged by
such Lender in connection with the foregoing.

 

For purposes of calculating amounts payable by
the Company (or the applicable Designated Borrower) to the Lenders under this Section 3.05, each Lender shall be deemed to have
funded each Alternative Currency Term Rate Loan made by it at the Alternative Currency Term Rate for such Loan by a matching deposit or
other borrowing in the offshore interbank market for such currency for a comparable amount and for a comparable period, whether or not
such Alternative Currency Term Rate Loan was in fact so funded.

 

3.06       
Mitigation Obligations; Replacement of Lenders. 

 

(a)          
Designation of a Different Lending Office. Each Lender may make any Credit Extension to any Borrower through any Lending
Office; provided that the exercise of this option shall not affect the obligation of any Borrower to repay the Credit Extension
in accordance with the terms of this Agreement. If any Lender requests compensation under Section 3.04, or requires any Borrower
to pay any additional amount to any Lender, the L/C Issuer or any Governmental Authority for the account of any Lender or the L/C Issuer
pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then at the request of the Company such
Lender or the L/C Issuer shall, as applicable, use reasonable efforts to designate a different Lending Office for funding or booking its
Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment
of such Lender or the L/C Issuer, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section
3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable,
and (ii) in each case, would not subject such Lender or the L/C Issuer, as the case may be, to any unreimbursed cost or expense and would
not otherwise be disadvantageous to such Lender or the L/C Issuer, as the case may be. The Company hereby agrees to pay (or to cause the
applicable Designated Borrower to pay) all reasonable costs and expenses incurred by any Lender or the L/C Issuer in connection with any
such designation or assignment.

 

(b)          
Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if any Borrower is required to
pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, and,
in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 3.06(a),
the Company may replace such Lender in accordance with Section 10.13.

 

3.07      
Survival. All of the Borrowers’ obligations under this Article III shall survive termination of the Aggregate
Commitments, repayment of all other Obligations hereunder and resignation of the Administrative Agent.

 

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ARTICLE
IV.

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

 

4.01          
Conditions of Initial Credit Extension. The obligation of the L/C Issuer and each Lender to make its initial Credit Extension
hereunder is subject to satisfaction of the following conditions precedent:

 

(a)               
Except to the extent permitted to be delivered pursuant to Section 7.16, the Administrative Agent’s receipt of the
following, each of which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly executed
by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates of governmental officials,
a recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent and each of the Lenders:

 

(i)                
executed counterparts of this Agreement, the Security Agreements described in clauses (a) and (b) of the definition thereof, the
Pledge Agreements described in clauses (a) and (b) of the definition thereof, the Company Guaranty and the Subsidiary Guaranty;

 

(ii)              
Notes executed by the Borrowers in favor of each Lender requesting Notes;

 

(iii)            
such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of
each Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof
authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is
a party;

 

(iv)             
such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized
or formed, and that each Loan Party is validly existing, in good standing and qualified to engage in business in each jurisdiction where
its ownership, lease or operation of properties or the conduct of its business requires such qualification, except to the extent that
failure to do so could not reasonably be expected to have a Material Adverse Effect;

 

(v)               
favorable opinions of counsel to the Loan Parties addressed to the Administrative Agent and each Lender, as to the matters concerning
the Loan Parties and the Loan Documents as the Required Lenders may reasonably request;

 

(vi)             
a certificate of a Responsible Officer of each Loan Party either (A) attaching copies of all consents, licenses and approvals
required in connection with the execution, delivery and performance by such Loan Party and the validity against such Loan Party of the
Loan Documents to which it is a party, and such consents, licenses and approvals shall be in full force and effect, or (B) stating that
no such consents, licenses or approvals are so required;

 

(vii)           
a certificate signed by a Responsible Officer of the Company certifying (A) that the conditions specified in Sections 4.02(a)
and (b) have been satisfied, and (B) that there has been no event or circumstance since the date of the Audited Financial
Statements that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect;

 

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(viii)          evidence
that all amounts owing under the Existing Credit Agreement to Existing Lenders who elect not to become Lenders hereunder, if any,
and all accrued and unpaid interest and fees owing to the Lenders and the L/C Issuer under the Existing Credit Agreement have been,
or concurrently with the funding of the Loans on the date hereof will be, paid;

 

(ix)         
delivery of Uniform Commercial Code financing statements suitable in form and substance for filing in all places required by applicable
law to perfect the Liens of the Administrative Agent under the Security Instruments as a first priority Lien as to items of Collateral
in which a security interest may be perfected by the filing of financing statements, and such other documents and/or evidence of other
actions as may be reasonably necessary under applicable Law to perfect the Liens of the Administrative Agent under such Security Instruments
as a first priority Lien (subject only to Permitted Liens) in and to such other Collateral as the Administrative Agent may require including
without limitation the delivery by the Loan Parties of certificates evidencing certain pledged interests, accompanied in each case by
duly executed stock powers (or other appropriate transfer documents) in blank affixed thereto; and

 

(x)               
such other assurances, certificates, documents, consents or opinions as the Administrative Agent, the L/C Issuer, the Swing Line
Lender or the Required Lenders reasonably may require.

 

(b)               
Any fees required to be paid on or before the Closing Date shall have been paid.

 

(c)               
Unless waived by the Administrative Agent, the Company shall have paid all fees, charges and disbursements of counsel to the Administrative
Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced prior to or on the Closing Date, plus
such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and
disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude
a final settling of accounts between the Company and the Administrative Agent).

 

(d)               
The Administrative Agent and each Lender shall have received at least 5 Business Days prior to the Closing Date (i) all documentation
and other information requested by the Administrative Agent or such Lender, as applicable, in order to comply with its obligations under
applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act, and (ii) with
respect to any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial
Ownership Certification in relation to such Borrower.

 

Without limiting the generality
of the provisions of the last paragraph of Section 9.03, for purposes of determining compliance with the conditions specified in
this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to
be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to
a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its
objection thereto.

 

4.02          
Conditions to all Credit Extensions. The obligation of each Lender and the L/C Issuer to honor any Request for Credit Extension
(other than a Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Term SOFR or Alternative Currency
Term Rate Loans) is subject to the following conditions precedent:

 

(a)                The
representations and warranties of the Borrowers contained in Article V and of the Loan Parties in each other Loan Document
shall be true and correct on and as of the date of such Credit Extension, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except
that for purposes of this Section 4.02, the representations and warranties contained in Sections 5.05(a) and (b)
shall be deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a) and (b),
respectively.

 

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(b)               
No Default shall exist or would result from such proposed Credit Extension or the application of the proceeds thereof.

 

(c)               
The Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender shall have received a Request for Credit Extension
in accordance with the requirements hereof.

 

(d)               
If the applicable Borrower is a Designated Borrower, then the conditions of Section 2.14 to the designation of such Borrower
as a Designated Borrower shall have been met to the satisfaction of the Administrative Agent.

 

(e)               
In the case of a Credit Extension to be denominated in an Alternative Currency, there shall not have occurred any change in national
or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion
of the Administrative Agent, the Required Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuer
(in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Credit Extension
to be denominated in the relevant Alternative Currency.

 

Each Request for Credit Extension
(other than a Loan Notice requesting only a conversion of Loans to the other Type or a continuation of Term SOFR or Alternative Currency
Term Rate Loans) submitted by the Company shall be deemed to be a representation and warranty that the conditions specified in Sections
4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.

 

ARTICLE
V.

REPRESENTATIONS AND WARRANTIES

 

Except as otherwise provided
in Section 5.22, each Borrower represents and warrants to the Administrative Agent and the Lenders that:

 

5.01          
Existence, Qualification and Power. Each Loan Party and each Subsidiary thereof (a) is duly organized or formed, validly existing
and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power
and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry
on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly
qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation
of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i)
or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

 

5.02          
Authorization; No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to which
such Person is party, have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene
the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the
creation of any Lien (other than the creation of a Lien in favor of the Administrative Agent under the Security Instruments) under, or
require any payment to be made under (i) any Contractual Obligation to which such Person is a party or affecting such Person or the properties
of such Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral
award to which such Person or its property is subject; or (c) violate any Law.

 

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5.03          
 Governmental Authorization; Other Consents. No approval, consent, exemption, authorization, or other action by, or notice
to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery
or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, except for perfection actions
required to be taken under any Security Instrument (subject to any perfection actions not required to be taken pursuant to the provisions
of any Security Instrument).

 

5.04          
Binding Effect. This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed
and delivered by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will
constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance
with its terms except as such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium or similar
law affecting creditors’ rights generally and by general principles of equity.

 

5.05          
Financial Statements; No Material Adverse Effect. 

 

(a)               
The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Company and its Subsidiaries as of the
date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the
period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct
or contingent, of the Company and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness.

 

(b)               
The unaudited consolidated balance sheet of the Company and its Subsidiaries dated April 1, 2018, and the related consolidated
statements of income or operations, stockholders’ equity and cash flows for the fiscal quarter ended on that date (i) were prepared
in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii)
fairly present the financial condition of the Company and its Subsidiaries as of the date thereof and their results of operations for
the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end
audit adjustments. Schedule 5.05 sets forth all material indebtedness and other liabilities, direct or contingent, of the Company
and its consolidated Subsidiaries as of the Closing Date that are not reflected on such financial statements, including liabilities for
taxes, material commitments and Indebtedness.

 

(c)               
Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate,
that has had or could reasonably be expected to have a Material Adverse Effect.

 

5.06          
Litigation. There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Company, threatened
or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against the Company or any of its Subsidiaries
or against any of their properties or revenues that (a) purport to affect or pertain to this Agreement or any other Loan Document, or
any of the transactions contemplated hereby, or (b) either individually or in the aggregate, if determined adversely, could reasonably
be expected to have a Material Adverse Effect.

 

5.07          
No Default. Neither any Loan Party nor any Subsidiary thereof is in default under or with respect to any Contractual Obligation
that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred
and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

 

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5.08          
 Ownership of Property; Liens. Each of the Company and each Subsidiary has good record and marketable title in fee simple to,
or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects
in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The property of the
Company and its Subsidiaries is subject to no Liens, other than Liens permitted by Section 7.01.

 

5.09          
Environmental Compliance. The Company and its Subsidiaries conduct in the ordinary course of business a review of the effect
of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any Environmental Law on their
respective businesses, operations and properties, and as a result thereof the Company has reasonably concluded that such Environmental
Laws and claims could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

5.10          
Insurance. The properties of the Company and its Subsidiaries are insured with financially sound and reputable insurance companies
(or are self-insured), in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged
in similar businesses and owning similar properties in localities where the Company or the applicable Subsidiary operates.

 

5.11          
Taxes. The Company and its Subsidiaries have filed all Federal, state and other material tax returns and reports required to
be filed (after giving effect to any appropriate extensions obtained in respect thereof), and have paid all Federal, state and other material
taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due
and payable (after giving effect to any appropriate extensions obtained in respect thereof), except those which are being contested in
good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP.
To the knowledge of the Company, there is no proposed tax assessment against the Company or any Subsidiary that could reasonably be expected
to have a Material Adverse Effect. Neither any Loan Party nor any Subsidiary thereof is party to any tax sharing agreement.

 

5.12          
ERISA Compliance. 

 

(a)               
Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state
Laws. Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS
or an application for such a letter is currently being processed by the IRS with respect thereto and, to the best knowledge of each Borrower,
nothing has occurred which would prevent, or cause the loss of, such qualification. The Company and each ERISA Affiliate have made all
contributions required by the Pension Funding Rules to each Pension Plan, and no application for a funding waiver or an extension of any
amortization period pursuant to the Pension Funding Rules has been made with respect to any Plan.

 

(b)               
There are no pending or, to the best knowledge of each Borrower, threatened claims, actions or lawsuits, or action by any Governmental
Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited
transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could reasonably be expected
to result in a Material Adverse Effect.

 

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(c)                (i)
No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded Pension Liability; (iii)
neither the Company nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA to
the PBGC or otherwise with respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA);
(iv) neither the Company nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has
occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 or 4243 of
ERISA with respect to a Multiemployer Plan; (v) neither the Company nor any ERISA Affiliate has engaged in a transaction that could
be subject to Section 4069 or 4212(c) of ERISA; and (vi) no Pension Plan has been terminated by the plan administrator thereof nor
by the PBGC, and no event or circumstance has occurred or exists that could reasonably be expected to cause the PBGC to institute
proceedings under Title IV of ERISA to terminate any Pension Plan.

 

(d)               
With respect to each scheme or arrangement mandated by a government other than the United States (a “Foreign Government
Scheme or Arrangement”) and with respect to each employee benefit plan maintained or contributed to by any Loan Party or any
Subsidiary of any Loan Party that is not subject to United States law (a “Foreign Plan”):

 

(i)                
any employer and employee contributions required by law or by the terms of any Foreign Government Scheme or Arrangement or any
Foreign Plan have been made, or, if applicable, accrued, in accordance with normal accounting practices;

 

(ii)              
the fair market value of the assets of each funded Foreign Plan, the liability of each insurer for any Foreign Plan funded through
insurance or the book reserve established for any Foreign Plan, together with any accrued contributions, is sufficient to procure or provide
for the accrued benefit obligations, as of the date hereof, with respect to all current and former participants in such Foreign Plan according
to the actuarial assumptions and valuations most recently used to account for such obligations in accordance with applicable generally
accepted accounting principles; and

 

(iii)            
each Foreign Plan required to be registered has been registered and has been maintained in good standing with applicable regulatory
authorities.

 

5.13          
Subsidiaries; Equity Interests. As of the Closing Date, the Company has no Subsidiaries other than those specifically disclosed
in Part (a) of Schedule 5.13, and all of the outstanding Equity Interests in such Subsidiaries have been validly issued,
are fully paid and nonassessable and are owned by a Loan Party in the amounts specified on Part (a) of Schedule 5.13 free
and clear of all Liens (other than Liens in favor of the Administrative Agent). The Company has no equity investments in any other corporation
or entity other than those specifically disclosed in Part (b) of Schedule 5.13. All of the outstanding Equity Interests
in the Company have been validly issued and are fully paid and nonassessable.

 

5.14          
Margin Regulations; Investment Company Act. 

 

(a)               
No Borrower is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying
margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin
stock. Following the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more than 25% of the value
of the assets (either of the applicable Borrower only or of the Company and its Subsidiaries on a consolidated basis) subject to the provisions
of Section 7.01 or Section 7.05 or subject to any restriction contained in any agreement or instrument between any Borrower
and any Lender or any Affiliate of any Lender relating to Indebtedness and within the scope of Section 8.01(e) will be margin stock.

 

(b)               
None of the Company, any Person Controlling the Company, or any Subsidiary is or is required to be registered as an “investment
company” under the Investment Company Act of 1940.

 

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5.15           Disclosure. The
Company has disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions to
which it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could
reasonably be expected to result in a Material Adverse Effect. No report, financial statement, certificate (other than, for the
avoidance of doubt, any Pricing Certificate) or other written information furnished by or on behalf of any Loan Party to the
Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or
delivered hereunder or under any other Loan Document (in each case, as modified or supplemented by other information so furnished)
contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial
information, the Company represents only that such information was prepared in good faith based upon assumptions believed to be
reasonable at the time (it being recognized by the Administrative Agent and the Lenders that the projections provided to them by the
Company are not to be viewed as facts and that actual results during the period or periods covered by any projections may differ
from the projected results).

 

5.16          
Compliance with Laws. Each Loan Party and each Subsidiary thereof is in compliance in all material respects with the requirements
of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a)
such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted
or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect.

 

5.17          
Taxpayer Identification Number; Other Identifying Information. The true and correct U.S. taxpayer identification number of
the Company is set forth on Schedule 10.02. The true and correct unique identification number of each Designated Borrower that
is a Foreign Subsidiary and a party hereto on the Closing Date that has been issued by its jurisdiction of organization and the name of
such jurisdiction are set forth on Schedule 5.17.

 

5.18          
Solvency. On the Closing Date (or, in the case of any Subsidiary which becomes a Subsidiary Guarantor after the Closing Date,
on the date such Subsidiary becomes a Subsidiary Guarantor), and immediately prior to and after giving effect to the issuance of each
Letter of Credit and each Borrowing hereunder and the use of the proceeds thereof, (a) each Loan Party’s assets will exceed its
liabilities and (b) each Loan Party will be solvent, will be able to pay its debts as they mature, will own property with fair saleable
value greater than the amount required to pay its debts and will have capital sufficient to carry on its business as then constituted.

 

5.19          
Creation, Perfection and Priority of Liens. As of the Closing Date, (i) the execution and delivery of the Loan Documents by
the Loan Parties, together with the filing of any Uniform Commercial Code financing statements, are effective to create (or continue)
in favor of the Administrative Agent for the benefit of Secured Parties, as security for the Obligations, a valid and perfected first
priority Lien on all of the Collateral as of the Closing Date (subject only to Liens permitted by Section 7.01 and subject to any
filing or other action not taken as a result of the provisions of any applicable Security Instrument), securing the Obligations, and (ii)
subject to any filing or other action not taken as a result of the provisions of any applicable Security Instrument, all filings and other
actions necessary or desirable to perfect and maintain the perfection and first priority status of such Liens have been duly made or taken
and remain in full force and effect.

 

5.20          
Collateral.

 

(a)                The
provisions of each of the Security Instruments are effective to create in favor of the Administrative Agent for the benefit of the
Secured Parties, a legal, valid and enforceable first priority security interest in all right, title and interest of each Loan Party
in the Collateral described therein, except as otherwise permitted hereunder and except as otherwise permitted by the provisions of
any applicable Security Instrument.

 

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(b)               
No Contractual Obligation to which any Loan Party is a party or by which the property of any Loan Party is bound prohibits the
filing or recordation of any of the Loan Documents or any other action which is necessary or appropriate in connection with the perfection
of the Liens on material assets evidenced and created by any of the Loan Documents.

 

5.21          
Intellectual Property; Licenses, Etc. The Company and its Subsidiaries own, or possess the right to use, all of the trademarks,
service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively,
 “IP Rights”) that are reasonably necessary for the operation of their respective businesses, without conflict with
the rights of any other Person. To the best knowledge of the Company, no slogan or other advertising device, product, process, method,
substance, part or other material now employed, or now contemplated to be employed, by the Company or any Subsidiary infringes upon any
rights held by any other Person. No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Company,
threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

 

5.22          
Representations as to Foreign Obligors. Each of the Company and each Foreign Obligor represents and warrants to the Administrative
Agent and the Lenders that:

 

(a)               
Such Foreign Obligor is subject to civil and commercial Laws with respect to its obligations under this Agreement and the other
Loan Documents to which it is a party (collectively as to such Foreign Obligor, the “Applicable Foreign Obligor Documents”),
and the execution, delivery and performance by such Foreign Obligor of the Applicable Foreign Obligor Documents constitute and will constitute
private and commercial acts and not public or governmental acts. Neither such Foreign Obligor nor any of its property has any immunity
from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment
in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Foreign Obligor is organized and existing
in respect of its obligations under the Applicable Foreign Obligor Documents.

 

(b)               
Except as otherwise expressly permitted pursuant to the provisions of any applicable Security Instrument, the Applicable Foreign
Obligor Documents are in proper legal form under the Laws of the jurisdiction in which such Foreign Obligor is organized and existing
for the enforcement thereof against such Foreign Obligor under the Laws of such jurisdiction, and to ensure the legality, validity, enforceability,
priority or admissibility in evidence of the Applicable Foreign Obligor Documents. It is not necessary to ensure the legality, validity,
enforceability, priority or admissibility in evidence of the Applicable Foreign Obligor Documents that the Applicable Foreign Obligor
Documents be filed, registered or recorded with, or executed or notarized before, any court or other authority in the jurisdiction in
which such Foreign Obligor is organized and existing or that any registration charge or stamp or similar tax be paid on or in respect
of the Applicable Foreign Obligor Documents or any other document, except for (i) any such filing, registration, recording, execution
or notarization as has been made or is not required to be made until the Applicable Foreign Obligor Document or any other document is
sought to be enforced or is not required as a result of the provisions of any applicable Security Instrument and (ii) any charge or tax
as has been timely paid.

 

(c)               
There is no tax, levy, impost, duty, fee, assessment or other governmental charge, or any deduction or withholding, imposed by
any Governmental Authority in or of the jurisdiction in which such Foreign Obligor is organized and existing either (i) on or by virtue
of the execution or delivery of the Applicable Foreign Obligor Documents or (ii) on any payment to be made by such Foreign Obligor pursuant
to the Applicable Foreign Obligor Documents, except as has been disclosed to the Administrative Agent.

 

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(d)               
 The execution, delivery and performance of the Applicable Foreign Obligor Documents executed by such Foreign Obligor are, under
applicable foreign exchange control regulations of the jurisdiction in which such Foreign Obligor is organized and existing, not subject
to any notification or authorization except (i) such as have been made or obtained, (ii) such as cannot be made or obtained until
a later date (provided that any notification or authorization described in this clause (ii) shall be made or obtained as
soon as is reasonably practicable) or (iii) such as are not required to be made or obtained pursuant to the provisions of any applicable
Security Instrument.

 

5.23          
OFAC. Neither the Company, nor any of its Subsidiaries, nor any officer or director thereof, nor, to the knowledge of the Company,
any employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by any individual
or entity that is (a) currently the subject or target of any Sanctions, (b) included on OFAC’s List of Specially Designated Nationals,
Her Majesty’s Treasury’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list
enforced by any other relevant sanctions authority (including any relevant Canadian or Australian sanctions authority) or (c) located,
organized or resident in a Designated Jurisdiction.

 

5.24          
Anti-Corruption Laws. Each of the Company and its Subsidiaries, and to the knowledge of the Company, each director, officer,
Affiliate and employee thereof, is in compliance in all material respects with the United States Foreign Corrupt Practices Act of 1977,
the UK Bribery Act 2010, and other similar anti-corruption and anti-money laundering legislation in other jurisdictions, and each of the
Company and its Subsidiaries has instituted and maintained policies and procedures designed to promote and achieve compliance with such
laws.

 

5.25          
Affected Financial Institution. No Loan Party is an Affected Financial Institution.

 

5.26          
Beneficial Ownership Certification. As of the Closing Date, the information included in the Beneficial Ownership Certification
is true and correct in all respects.

 

5.27          
Covered Entities. No Loan Party is a Covered Entity.

 

ARTICLE
VI.

AFFIRMATIVE COVENANTS

 

So long as any Lender shall
have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall
remain outstanding, the Company shall, and shall (except in the case of the covenants set forth in Sections 6.01, 6.02,
and 6.03) cause each Subsidiary to:

 

6.01          
Financial Statements. Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative
Agent and the Required Lenders:

 

(a)                with
respect to each fiscal year of the Company, as soon as available, but in any event within 1 Business Day after the date required to
be filed with the SEC (after giving effect to one automatic 15 day extension pursuant to Rule 12b-25 if such extension is requested
in accordance with such rule), a consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year,
and the related consolidated statements of income or operations, stockholders’ equity and cash flows for such fiscal year,
setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in
accordance with GAAP, audited and accompanied by a report and opinion of a Registered Public Accounting Firm of nationally
recognized standing reasonably acceptable to the Required Lenders, which report and opinion shall be prepared in accordance with
generally accepted auditing standards and applicable Securities Laws and shall not be subject to any “going concern” or
like qualification or exception or any qualification or exception as to the scope of such audit or with respect to the absence of
any material misstatement; and

 

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(b)               
with respect to each fiscal quarter (commencing with the fiscal quarter ending July 1, 2018, but excluding the last fiscal quarter
of each fiscal year) of the Company, as soon as available, but in any event within 1 Business Day after the date required to be filed
with the SEC (after giving effect to one automatic 5 day extension pursuant to Rule 12b-25 if such extension is requested in accordance
with such rule), a consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal quarter, and the related
consolidated statements of income or operations, stockholders’ equity and cash flows for such fiscal quarter and for the portion
of the Company’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal
quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail, certified by
the chief executive officer, chief financial officer, treasurer or controller of the Company as fairly presenting the financial condition,
results of operations, shareholders’ equity and cash flows of the Company and its Subsidiaries in accordance with GAAP, subject
only to normal year-end audit adjustments and the absence of footnotes.

 

As to any information contained in materials furnished
pursuant to Section 6.02(c), the Company shall not be separately required to furnish such information under clause (a) or
(b) above, but the foregoing shall not be in derogation of the obligation of the Company to furnish the information and materials
described in clauses (a) and (b) above at the times specified therein.

 

6.02          
Certificates; Other Information. Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the
Administrative Agent and the Required Lenders:

 

(a)               
concurrently with the delivery of the financial statements referred to in Sections 6.01(a) and (b) (and commencing
with the fiscal quarter ending on or about September 30, 2018), (i) a duly completed Compliance Certificate signed by the chief executive
officer, chief financial officer, treasurer or controller of the Company (which delivery may, unless the Administrative Agent, or a Lender
requests executed originals, be by electronic communication including fax or email and shall be deemed to be an original authentic counterpart
thereof for all purposes), and (ii) a summary of the accounts receivable of the Company and its Subsidiaries (including a list of the
10 customers with the largest receivable balances) as of the end of the most recently ended fiscal year;

 

(b)               
promptly after any request by the Administrative Agent or any Lender, copies of any detailed audit reports, management letters
or recommendations submitted to the board of directors (or the audit committee of the board of directors) of the Company by independent
accountants in connection with the accounts or books of the Company or any Subsidiary, or any audit of any of them;

 

(c)               
promptly after the same are available, copies of each annual report, proxy or financial statement or other report or communication
sent to the stockholders of the Company, and copies of all annual, regular, periodic and special reports and registration statements which
the Company may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, and not otherwise
required to be delivered to the Administrative Agent pursuant hereto;

 

(d)               
promptly, and in any event within five Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies
of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning
any investigation or other inquiry by such agency that reasonably identifies that an investigation is likely regarding financial or other
operational results of any Loan Party or any Subsidiary thereof (which, for the avoidance of doubt, shall not include general correspondence
from the SEC on other matters);

 

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(e)               
 promptly upon the request thereof, such other information and documentation required by bank regulatory authorities under applicable
 “know your customer” and anti-money laundering rules and regulations (including, without limitation, the PATRIOT Act and the
Beneficial Ownership Regulation), as from time to time reasonably requested by the Administrative Agent or any Lender; and

 

(f)                
promptly, such additional information regarding the business, financial or corporate affairs of the Company or any Subsidiary,
or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request.

 

Documents required to be delivered
pursuant to Section 6.01(a) or (b) or Section 6.02(c) (to the extent any such documents are included in materials
otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date
(i) on which the Company posts such documents, or provides a link thereto on the Company’s website on the Internet at the website
address listed on Schedule 10.02; or (ii) on which such documents are posted on the Company’s behalf on an Internet or intranet
website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored
by the Administrative Agent); provided that: (i) the Company shall deliver paper copies of such documents to the Administrative
Agent or any Lender upon its request to the Company to deliver such paper copies until a written request to cease delivering paper copies
is given by the Administrative Agent or such Lender and (ii) the Company shall notify the Administrative Agent and each Lender (by telecopier
or electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions
(i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery or to maintain
copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Company with any
such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such
documents.

 

Each Borrower hereby acknowledges
that (a) the Administrative Agent and/or the Arrangers may, but shall not be obligated to, make available to the Lenders and the L/C Issuer
materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, “Borrower Materials”)
by posting the Borrower Materials on Debt Domain, IntraLinks, SyndTrak or another similar electronic system (the “Platform”)
and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public
information with respect to any of the Borrowers or their respective Affiliates, or the respective securities of any of the foregoing,
and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. Each Borrower
hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked
 “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof;
(x) by marking Borrower Materials “PUBLIC”, such Borrower shall be deemed to have authorized the Administrative Agent, the
Arrangers, the L/C Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public information with
respect to such Borrower or its securities for purposes of United States Federal and state securities laws (provided, however,
that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all
Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public
Side Information”; and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are
not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information”.

 

Notwithstanding the foregoing,
no Borrower shall be under any obligation to mark any Borrower Materials “PUBLIC.”

 

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6.03          
 Notices. Promptly notify the Administrative Agent, each Lender and, in the case of clause (h), the Sustainability Coordinator:

 

(a)               
of the occurrence of any Default;

 

(b)               
of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, including (i) breach or
non-performance of, or any default under, a Contractual Obligation of the Company or any Subsidiary; (ii) any dispute, litigation, investigation,
proceeding or suspension between the Company or any Subsidiary and any Governmental Authority; or (iii) the commencement of, or any material
development in, any litigation or proceeding affecting the Company or any Subsidiary, including pursuant to any applicable Environmental
Laws;

 

(c)               
of the occurrence of any ERISA Event;

 

(d)               
of any material change in accounting policies or financial reporting practices by the Company or any Subsidiary, including any
determination by the Company referred to in Section 2.10(b);

 

(e)               
of any cancellation (without replacement) or material change in any material insurance policy maintained by the Company or any
Subsidiary;

 

(f)                
of the creation or acquisition of any Subsidiary other than an Excluded Subsidiary or any change in the organization of jurisdiction
of any Subsidiary other than an Excluded Subsidiary;

 

(g)               
of any setoff, claims (including any Environmental Liability), withholding or other defense to which any material portion of the
Collateral granted under any Security Instrument, or any Secured Party’s rights with respect to such Collateral, is subject; and

 

(h)               
of any material modification to the structure or format of the Sustainability Reports.

 

Each notice pursuant to this
Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Company setting forth details of the occurrence
referred to therein and stating what action the Company has taken and proposes to take with respect thereto. Each notice pursuant to Section
6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached.

 

6.04          
Payment of Obligations. Pay and discharge as the same shall become due and payable, all its obligations and liabilities, including
(a) all Federal, state and other material tax liabilities, assessments and governmental charges or levies upon it or its properties or
assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance
with GAAP are being maintained by the Company or such Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien upon
its property (other than Liens permitted by Section 7.01); and (c) all Indebtedness, as and when due and payable, but subject to
any subordination provisions contained in any instrument or agreement evidencing such Indebtedness.

 

6.05          
Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force and effect its legal existence and good standing
under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 7.04 or 7.05; (b) take
all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct
of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c)
preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably
be expected to have a Material Adverse Effect.

 

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6.06          
 Maintenance of Properties. (a) Maintain, preserve and protect all of its material properties and equipment necessary in the
operation of its business in good working order and condition, ordinary wear and tear excepted and (b) make all necessary repairs thereto
and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

 

6.07          
Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Company or
through one or more regulated captive insurance programs established in accordance with customary industry practice (each of which may
include self-insurance components subject to commercially reasonable self-insurance limits), (a) insurance with respect to its properties
and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such
types and in such amounts as are customarily carried under similar circumstances by such other Persons (and, in any event, such insurance
as may be required by Law or any approval or order of any Governmental Authority); and (b) “errors and omissions” insurance
with coverage of at least $30,000,000, and, upon request of the Administrative Agent or any Lender, furnish to the Administrative Agent
or such Lender a certificate setting forth in reasonable detail the nature and extent of all insurance maintained by the Company and its
Subsidiaries.

 

6.08          
Compliance with Laws. Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions
and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ,
injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply
therewith could not reasonably be expected to have a Material Adverse Effect.

 

6.09          
Books and Records. Maintain proper books of record and account in accordance with GAAP consistently applied.

 

6.10          
Inspection Rights. Permit representatives and independent contractors of the Administrative Agent and each Lender to visit
and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom,
and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants (and the Company hereby
authorizes such independent auditors to discuss such financial matters with the Administrative Agent and any Lenders or representatives
or independent contractors thereof so long as an officer or other representative of the Company has a bona fide opportunity to be available
at such discussion), all at the expense of the Company and at such reasonable times during normal business hours and as often as may be
reasonably desired, upon reasonable advance notice to the Company; provided, however, that (i) so long as no Default exists,
neither the Administrative Agent nor any Lender shall make more than one such inspection in any calendar year, and (ii) when a Default
exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the
foregoing at the expense of the Company at any time during normal business hours and without advance notice.

 

6.11          
Use of Proceeds. Use the proceeds of the Credit Extensions (a) for working capital, capital expenditures and other general
corporate purposes not in contravention of any Law or of any Loan Document (including the payment of any amounts owing under the Existing
Credit Agreement) and (b) to finance (i) Permitted Share Repurchases, (ii) Permitted Acquisitions and (iii) cash dividends and distributions
permitted hereunder.

 

6.12          
Approvals and Authorizations. Maintain all authorizations, consents, approvals and licenses from, exemptions of, and filings
and registrations with, each Governmental Authority of the jurisdiction in which each Foreign Obligor is organized and existing, and all
approvals and consents of each other Person in such jurisdiction, in each case that are required in connection with the Loan Documents.

 

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6.13          
 Collateral; Additional Security; Additional Subsidiary Guarantors; Further Assurances.

 

(a)               
Subject to the limits and exclusions set forth in Section 6.13(g) below, the Company will, and will cause each Subsidiary
(other than the Excluded Subsidiaries) to, from time to time, take such actions and execute and deliver such documents and instruments
as the Administrative Agent shall require to ensure that the Administrative Agent on behalf of the Secured Parties shall have received
currently effective duly executed Security Instruments pledging and granting security interests or other Liens acceptable to the Administrative
Agent on all of the following assets of each Loan Party, whether now owned or hereafter acquired: (i) all Equity Interests of any Subsidiary;
(ii) all Indebtedness of the Company or any Subsidiary to any Loan Party; (iii) all accounts, all general intangibles arising out
of or related to any such accounts, all chattel paper and instruments evidencing any obligation to any Loan Party for payment for goods
sold or leased or services rendered, all interest in any goods the sale or lease of which shall have given rise to any accounts, all guaranties
and property securing payment or performance under any accounts (including all supporting obligations), and all of the books and records
relating to any of the foregoing; and (iv) all proceeds and products of the property and assets described in clauses (i) through
(iii) above (each term used in this sentence that is defined in Article 9 of the UCC shall have the meaning therein defined). In
addition, upon any Event of Default and the request of the Administrative Agent, the Company will, and will cause each Subsidiary (other
than the Excluded Subsidiaries) to, from time to time, take such actions and execute and deliver such documents and instruments as the
Administrative Agent shall require to ensure that the Administrative Agent on behalf of the Secured Parties receives currently effective
duly executed Security Instruments pledging and granting security interests or other Liens acceptable to the Administrative Agent on all
of the assets of each Loan Party that are not then included Collateral, whether now owned or hereafter acquired, and are so requested
by the Administrative Agent to be subjected to a Lien to secure the Obligations.

 

(b)               
Such security interests and Liens shall be granted pursuant to (i) in the case of the properties and assets securing the obligations
on the Closing Date, by the Security Instruments executed (or otherwise effective) on the Closing Date, (ii) in the case of the properties
and assets of any Subsidiary becoming a Loan Party after the Closing Date, by the Security Instruments described in Section 6.13(e),
or (iii) in the case of properties and assets that are not subject to any of the foregoing Security Instruments, by security agreements,
pledge agreements or other Security Instruments substantially similar to the Security Instruments delivered (or otherwise effective) on
the Closing Date by the Loan Parties and encumbering similar assets or properties or, if no such Security Instrument is determined by
the Administrative Agent to be appropriate, documentation otherwise reasonably satisfactory in form and substance to the Administrative
Agent (all of such agreements, assignments and other conveyances described in this clause (iii), collectively, the “Additional
Security Instruments”).

 

(c)               
Except as otherwise permitted by any applicable Security Instrument, each of the Security Instruments (including all Additional
Security Instruments) shall (i) constitute valid and enforceable perfected security interests and mortgages superior to and prior to the
rights of all third Persons and shall be subject to no Liens, and (ii) be duly recorded or filed (or memoranda or other appropriate record
thereof recorded or filed) in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens
in favor of the Administrative Agent required to be granted pursuant thereto and, in each case, all taxes, fees and other charges payable
in connection therewith shall be paid in full by the Company.

 

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(d)                Without
limitation of the foregoing, the Company will, and will cause each of its Subsidiaries to, at the expense of the Company, make,
execute, endorse, acknowledge, file and/or deliver to the Administrative Agent from time to time such vouchers, invoices, schedules,
assignments, conveyances, financing statements, transfer endorsements, powers of attorney, certificates, reports and other
assurances or instruments and take such further steps relating to the collateral covered by any of the Security Instruments
(including any Additional Security Instruments) as the Administrative Agent may reasonably require from time to time, subject to any
filing or other action not required to be taken as a result of the provisions of any applicable Security Instrument. Furthermore,
the Company shall cause to be delivered to the Administrative Agent such opinions of counsel, title insurance and other documents as
may be reasonably requested by the Administrative Agent from time to time to assure itself that this Section 6.13 has been
complied with.

 

(e)               
Subject to the limits and exclusions set forth in Section 6.13(g) below, if (1) (x) at any time the Company acquires or
forms any additional Subsidiary, merges any Subsidiary into another Person or Disposes of assets from any Subsidiary to another Person
and, as a result of such acquisition, formation, merger or Disposition, a Person becomes a Material Domestic Subsidiary or (y) as of the
end of any fiscal quarter, any Domestic Subsidiary that is not already a Subsidiary Guarantor qualifies as a Material Domestic Subsidiary,
the Company will promptly notify the Administrative Agent thereof and, as soon as practicable but in any event within 30 days (or such
longer period as approved by the Administrative Agent in its sole discretion) following such acquisition, formation, merger, Disposition
or fiscal quarter end, as the case may be, deliver or cause to be delivered to the Administrative Agent each of the following or (2) any
Person becomes a Designated Borrower, the Company will concurrently with such Person becoming a Designated Borrower, to the extent such
Person has not already complied with this Section as a Subsidiary Guarantor), deliver of cause to be delivered to the Administrative Agent
each of the following:

 

(i)                
except in the case of a Foreign Subsidiary that is becoming a Designated Borrower, a Subsidiary Guaranty Joinder Agreement, duly
executed by such Subsidiary;

 

(ii)              
a Security Agreement or a Security Joinder Agreement, as applicable, duly executed by such Subsidiary (with all schedules thereto
appropriately completed);

 

(iii)            
(A) a Pledge Agreement or a Pledge Joinder Agreement, as applicable, duly executed by each Loan Party that owns any Equity Interest
in such Subsidiary (with all schedules thereto appropriately completed), and (B) to the extent such Equity Interest constitutes a security
under Article 8 of the Uniform Commercial Code, except as otherwise permitted in the applicable Pledge Agreement, (x) the certificates
representing such Equity Interests and (y) duly executed, undated stock powers or other appropriate powers of assignment in blank affixed
thereto;

 

(iv)             
if any of the documents referenced in the foregoing clauses (i) through (iii) are delivered (or required to be delivered),
Uniform Commercial Code financing statements naming such Subsidiary as “Debtor” and naming the Administrative Agent as “Secured
Party”, in form, substance and number sufficient in the opinion of the Administrative Agent and its special counsel to be filed
in all Uniform Commercial Code filing offices and in all jurisdictions in which filing is necessary or advisable to perfect in favor of
the Administrative Agent the Liens on the Collateral conferred under the Security Instruments to the extent such Liens may be perfected
by Uniform Commercial Code filings;

 

(v)               
if any of the documents referenced in the foregoing clauses (i) through (iii) are delivered (or required to be delivered),
current copies of the documents of the types referred to in clauses (iii) and (iv) of Section 4.01(a) with respect
to each such Subsidiary, all certified by the applicable Governmental Authority or appropriate officer as the Administrative Agent may
elect, all in form and substance satisfactory to the Administrative Agent; and

 

(vi)              if
any of the documents referenced in the foregoing clauses (i) through (iii) are delivered (or required to be delivered) and if
requested by the Administrative Agent, opinions of counsel to the applicable Loan Parties and such Subsidiary with respect to the
documents delivered and the transactions contemplated by this Section 6.13(e) substantially similar in form and substance to
the opinion of counsel delivered on the Closing Date pursuant to Section 4.01(a)(v).

 

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(f)                
Without limiting the foregoing, within 30 days (or such longer period as approved by the Administrative Agent in its sole discretion)
after (i) each delivery or required delivery of financial information pursuant to Section 6.01(a) or Section 6.01(b) and
(ii) any Disposition of any Subsidiary or any material portion of its assets (including via merger or dissolution), cause one or more
Domestic Subsidiaries to become Subsidiary Guarantors and take such additional actions of the type described in Section 6.13(e)
as if such Domestic Subsidiaries were Material Domestic Subsidiaries, to the extent necessary to cause, subject to the limits and exclusions
set forth in Section 6.13(g) below, the Obligations of the Company and any Designated Borrower that is a Domestic Subsidiary to
be guaranteed by, and secured by the Equity Interests and assets of, Domestic Subsidiaries that, together with the Company, account for
at least 80% of Consolidated Total Assets and 80% of the consolidated total revenues of the Company and its Domestic Subsidiaries. For
purposes of the foregoing calculation, (x) assets shall be determined as of the last day of the most recently ended fiscal quarter for
which financial information is available, (y) revenues shall be determined using the results of the four fiscal quarter period of the
Company most recently ended for which financial information is available, but giving effect to any pro forma adjustments, with respect
to any Acquisition or Disposition, in a manner consistent with the adjustments described in Section 1.10 and (z) the assets and
revenues of a Subsidiary shall not be deemed to include the assets and revenues of its Subsidiaries.

 

(g)               
Notwithstanding anything in this Section 6.13 to the contrary, it is acknowledged and agreed that in no event shall (i)
any pledge of Equity Interests in a Foreign Subsidiary be required in an amount that would cause a material adverse tax consequence to
Company (which, for the avoidance of doubt, may mean that a pledge of Equity Interests of an entity that is a “controlled foreign
corporation” under 957 of the Code, may be limited, in the case of the Obligations of the Company and any Designated Borrower that
is a Domestic Subsidiary, to a pledge of 65% of the voting Equity Interests of each first-tier Foreign Subsidiary), (ii) any Subsidiary
that is a Captive Insurance Subsidiary be required to guarantee, or provide collateral security for, any portion of the Obligations, (iii)
any pledge of Equity Interests in a Captive Insurance Subsidiary be required and (iv) the grant of collateral security required by Sections
6.13(e) and (f) at any time exceed those types of assets that are at such time then required to be pledged or subject to a
security interest pursuant to Section 6.13(a) above.

 

6.14          
Anti-Corruption Laws. Conduct its businesses in compliance in all material respects with the United States Foreign Corrupt
Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions, and maintain policies
and procedures designed to promote and achieve compliance with such laws.

 

ARTICLE
VII.

NEGATIVE COVENANTS

 

So long as any Lender shall
have any Commitment hereunder, any Loan or other Obligation hereunder (other than contingent indemnification and reimbursement obligations
not then due) shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Company shall not, nor shall it
permit any Subsidiary to, directly or indirectly:

 

7.01          
Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or
hereafter acquired, other than the following:

 

(a)               
Liens pursuant to any Loan Document;

 

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(b)               Liens existing on the date hereof and listed on Schedule 7.01 and any renewals or extensions thereof, provided that
(i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased except as contemplated
by Section 7.03(b), (iii) the direct or any contingent obligor with respect thereto is not changed, and (iv) any renewal or extension
of the obligations secured or benefited thereby is permitted by Section 7.03(b);

 

(c)               Liens
for taxes not yet due or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves
with respect thereto are maintained on the books of the applicable Person in accordance with GAAP;

 

(d)               carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of
business which are not overdue for a period of more than 30 days or which are being contested in good faith and by appropriate proceedings
diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person;

 

(e)               pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and
other social security legislation, other than any Lien imposed by ERISA;

 

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

 

(g)               easements,
zoning restrictions, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are
not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially
interfere with the ordinary conduct of the business of the applicable Person;

 

(h)               Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.01(h);

 

(i)                Liens
securing Indebtedness permitted under Section 7.03(e); provided that (i) such Liens do not at any time encumber any property
other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the cost or fair market
value, whichever is lower, of the property being acquired on the date of acquisition;

 

(j)                Liens on assets or property acquired, or on the Person acquired by the Company or any Subsidiary so long as (i) the acquisition
is permitted hereunder, (ii) all obligations secured by such Liens are repaid concurrently with, or promptly after such acquisition, and
(iii) all Uniform Commercial Code financing statements, mortgages or similar documents filed or recorded to perfect or give notice
of such Liens are terminated or released within 60 days after such acquisition;

 

(k)               Liens securing Indebtedness permitted by Section 7.03(f), so long as the Lien on such cash collateral does not exceed the
lesser of (x) $50,000,000 and (y) 105% of the sum of the remaining stated amounts available for drawing under such letters of credit plus
unpaid reimbursement obligations in respect of such letters of credit plus accrued fees and expenses in respect of such letters
of credit;

 

(l)                Liens
securing Indebtedness permitted by Section 7.03(i), so long as such Liens do not extend beyond the assets of such Foreign Subsidiary
incurring such Indebtedness;

 

(m)             
Liens securing Indebtedness permitted by Section 7.03(k);

 

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(n)               
Liens, if any, in favor of a surety granted by the Company and/or its Subsidiaries arising by operation of law or under any indemnity
agreement or surety agreement entered into in the ordinary course of business in connection with construction-related bid or performance
bonds; provided that such Lien does not at any time encumber any property other than the applicable bonded contractual obligation
and the accounts receivable, material and equipment under such applicable bonded contractual obligation;

 

(o)               Liens
arising from the filing of precautionary UCC financing statements relating solely to personal property leased pursuant to operating leases
entered into in the ordinary course of business of the Borrower and its Subsidiaries; and

 

(p)               any
sale or assignment contemplated by and made in accordance with Section 7.05(f).

 

7.02          
Investments. Make any Investments, except:

 

(a)               Investments outstanding on the date hereof and listed on Schedule 7.02;

 

(b)               Investments
held by the Company or such Subsidiary in the form of cash equivalents or marketable debt securities;

 

(c)               advances
to officers, directors and employees of the Company and Subsidiaries in an aggregate amount not to exceed $1,000,000 at any time outstanding,
for travel, entertainment, relocation and analogous ordinary business purposes;

 

(d)               (i) Investments of the Company in any wholly-owned Subsidiary that is a Loan Party and Investments of any wholly-owned Subsidiary
that is a Loan Party in the Company or in another wholly-owned Subsidiary that is a Loan Party (limited, in the case of the Company and
Loan Parties that are Domestic Subsidiaries, to Investments in each other and in Foreign Subsidiaries that have Guaranteed the Obligations
of the Company); (ii) Investments of any Subsidiary that is not a Loan Party in another Subsidiary that is not a Loan Party; (iii) Investments
of the Company or any wholly-owned Subsidiary that is a Loan Party in a Subsidiary that is either not a Loan Party or is a Foreign Subsidiary
that is a Loan Party but has not Guaranteed the Obligations of the Company, so long as the aggregate amount of such Investments at any
time outstanding made pursuant to this Section 7.02(d)(iii) does not exceed twenty percent (20%) of Consolidated Total Assets as
of the last day of the most recently ended fiscal quarter for which the Company shall have delivered financial statements pursuant to
Section 6.01(a) or (b), as the case may be; and (iv) Investments of any Subsidiary that is not a Loan Party in any
Loan Party;

 

(e)               Investments
consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in
the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account
debtors to the extent reasonably necessary in order to prevent or limit loss;

 

(f)                Guarantees permitted by Section 7.03;

 

(g)               Acquisitions
by the Company or any Subsidiary; provided that any Acquisition described in this clause (g) must satisfy all of the following
conditions: (i) either the required majority of the Board of Directors (or other equivalent governing body) of the Person so acquired
incumbent at the time such Acquisition is proposed has acquiesced to the Acquisition, or the Acquisition is otherwise deemed in the reasonable
judgment of the Administrative Agent to be a “friendly” Acquisition; (ii) no Default or Event of Default shall have occurred
and be continuing at the time of, or would result from the making of, such Acquisition; (iii) immediately after giving effect to such
Acquisition, the Company and its Subsidiaries shall be in pro forma compliance with the covenants set forth in Section
7.11, such compliance to be determined on the basis of financial information for the fiscal period most recently ended for which
financial information is available as though such Acquisition had been consummated on the first day of the fiscal period covered thereby;
provided that with respect to the Consolidated Leverage Ratio covenant in Section 7.11(b), the Company may still demonstrate
pro forma compliance to the extent the Consolidated Leverage Ratio does not exceed 3.75 to 1.00 if the Company is
permitted to invoke an Elevated Ratio Period or if an Elevated Ratio Period is then in effect; and (iv) substantially contemporaneously
with any such Acquisition of Equity Interests, the Company shall grant, or cause the applicable Person(s) to grant, to the Administrative
Agent, for the benefit of the Secured Parties, a valid and perfected first priority Lien in all of the Equity Interests so acquired (to
the extent such grant is required by Section 6.13(a)(i));

 

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(h)               Investments
in partially-owned Subsidiaries or any other Person the Equity Interests of which are partially owned by the Company or a Subsidiary
or joint venture in which the Company or any Subsidiary is a party that is entered into in the ordinary course of business; provided
that the aggregate amount of all such Investments does not exceed $75,000,000 at any time outstanding;

 

(i)                other
loans and advances not exceeding $30,000,000 in the aggregate at any time outstanding; and

 

(j)                Investments held in trust at Wilmington Trust or any successor thereto related to the Tetra Tech, Inc. Deferred Compensation Plan.

 

7.03          
Indebtedness. Create, incur, assume or suffer to exist any Indebtedness, except:

 

(a)               Indebtedness
under the Loan Documents;

 

(b)               Indebtedness
outstanding on the date hereof and listed on Schedule 7.03 and any refinancings, refundings, renewals or extensions thereof; provided
that the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by
an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with
such refinancing and by an amount equal to any existing commitments unutilized thereunder;

 

(c)               unsecured (i) Indebtedness of any Loan Party to another Loan Party and Guarantees of any Loan Party in respect of Indebtedness
otherwise permitted hereunder of another Loan Party; (ii) Indebtedness of any Subsidiary that is not a Loan Party to another Subsidiary
that is not a Loan Party and Guarantees of any Subsidiary that is not a Loan Party in respect of Indebtedness otherwise permitted hereunder
of another Subsidiary that is not a Loan Party; (iii) Indebtedness of a Subsidiary that is not a Loan Party to the Company or any
wholly-owned Subsidiary that is a Loan Party to the extent such Indebtedness is permitted by Section 7.02(d); and (iv) Indebtedness
owed by any Loan Party to any Subsidiary that is not a Loan Party (provided that such Indebtedness shall be subordinated to the
Obligations in a manner reasonably satisfactory to the Administrative Agent);

 

(d)               obligations
(contingent or otherwise) of any Loan Party existing or arising under any Swap Contract, provided that (i) such obligations are
(or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with
liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of
securities issued by such Person, and not for purposes of speculation or taking a “market view;” and (ii) such Swap Contract
does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions
to the defaulting party;

 

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(e)               Indebtedness of any Loan Party in respect of capital leases, Synthetic Lease Obligations and purchase money obligations for fixed
or capital assets within the limitations set forth in Section 7.01(i); provided, that the aggregate amount of all such
Indebtedness at any one time outstanding shall not exceed $50,000,000;

 

(f)                cash-secured letters of credit (other than Letters of Credit issued hereunder) in an aggregate principal amount not to exceed $50,000,000
at any time outstanding;

 

(g)               Subordinated Indebtedness;

 

(h)               to the extent constituting Indebtedness, obligations and liabilities arising under Secured Cash Management Agreements;

 

(i)                Indebtedness
of Foreign Subsidiaries incurred for working capital and general corporate purposes in an aggregate principal amount not to exceed $75,000,000
at any time outstanding;

 

(j)                other
unsecured Indebtedness of the Company or any Domestic Subsidiary that is a Subsidiary Guarantor; provided that, with respect to
any such Indebtedness referred to in this subsection (j), (i) no Default shall exist or would occur as a result from the incurrence
of such Indebtedness, and (ii) after giving pro forma effect to the incurrence of such Indebtedness, the Company
and its Subsidiaries shall be in pro forma compliance with the financial covenants set forth in Section 7.11;
provided that with respect to the Consolidated Leverage Ratio covenant in Section 7.11(b), the Company may still demonstrate
pro forma compliance to the extent the Consolidated Leverage Ratio does not exceed 3.75 to 1.00 if the Company is permitted to invoke
an Elevated Ratio Period or if an Elevated Ratio Period is then in effect; and

 

(k)               other
secured Indebtedness of the Company or any Domestic Subsidiary that is a Subsidiary Guarantor in an aggregate principal amount not to
exceed $400,000,000 at any time outstanding, so long as (i) no Default shall exist or would occur as a result from the incurrence of
such Indebtedness and (ii) such secured Indebtedness ranks pari passu with or is junior in right of payment to
the Indebtedness under this Agreement, is guaranteed only by one or more of the Loan Parties, and is subject to an intercreditor and/or
subordination agreement in form and substance satisfactory to the Administrative Agent (it being understood and agreed by all present
and subsequent Lenders from time to time party hereto that the Administrative Agent is hereby authorized to execute and deliver an intercreditor,
collateral agency or similar agreement and security documents and/or amend the existing Security Instruments securing the Obligations
in connection with the grant of a pari passu or junior Lien to secure such Indebtedness in form and substance satisfactory
to the Administrative Agent and that the execution thereof by the Administrative Agent will bind all holders from time to time of the
Obligations); provided that the Indebtedness permitted to be incurred pursuant to this Section 7.03(k) shall be reduced
on a dollar-for-dollar basis by the amount of Incremental Commitments added pursuant to Section 2.15; and

 

(l)                Indebtedness
in respect of Permitted Bilateral Letters of Credit.

 

7.04          
Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction
or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any
Person, except that, so long as no Default exists or would result therefrom:

 

(a)               any
Subsidiary may merge with (i) the Company, provided that the Company shall be the continuing or surviving Person, or (ii) any
one or more other Subsidiaries, provided that when any wholly- owned Subsidiary is merging with another Subsidiary, the
wholly-owned Subsidiary shall be the continuing or surviving Person; and

 

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(b)               any
Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to the Company or to another
Subsidiary; provided that if the transferor in such a transaction is a wholly-owned Subsidiary, then the transferee must either
be the Company or a wholly-owned Subsidiary.

 

7.05          
Dispositions. Make any Disposition or enter into any agreement to make any Disposition, except:

 

(a)               Dispositions
of obsolete or worn out property, whether now owned or hereafter acquired, in the ordinary course of business;

 

(b)               Dispositions
of inventory in the ordinary course of business;

 

(c)               Dispositions
of equipment or real property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement
property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property;

 

(d)               Dispositions of property by any Subsidiary to the Company or to a wholly-owned Subsidiary; provided that if the transferor
of such property is a Subsidiary Guarantor, the transferee thereof must either be the Company or a Subsidiary Guarantor that is the direct
or indirect parent of the transferor;

 

(e)               Dispositions
permitted by Section 7.04;

 

(f)                any
sale or assignment of accounts receivable arising in the ordinary course of business (and any general intangibles, documents, instruments
or records related thereto) made in connection with a supply chain finance arrangement involving the Company and/or any of its Subsidiaries
and a buyer of the products and/or services of the Company or its Subsidiaries (but not, for the avoidance of doubt, as part of any securitization
or similarly structured transaction); provided that (i) any such sale or assignment must be made without recourse for credit risk
to the Company and its Subsidiaries and otherwise on terms customary for supply chain finance arrangements and (ii) the aggregate amount
of accounts receivable sold, assigned, conveyed or otherwise transferred pursuant to this clause (f) in any fiscal quarter shall
not exceed $75,000,000;

 

(g)               Dispositions
by the Company and its Subsidiaries not otherwise permitted under this Section 7.05; provided that (i) at the time of such
Disposition, no Default shall exist or would result from such Disposition and (ii) the aggregate fair market value of the property being
Disposed of, when taken together with the aggregate fair market value of all other property Disposed of in reliance on this clause
(g) while this Agreement is in effect, shall not exceed 15.0% of Consolidated Total Assets (determined at the time of any given Disposition
as of the end of the most recently ended fiscal year);

 

provided, however, that any Disposition
pursuant to clauses (a) through (c), (f) or (g) shall be for fair market value.

 

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7.06          
Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or
otherwise) to do so, except that:

 

(a)               each
Subsidiary may make Restricted Payments to the Company or any wholly-owned Subsidiary and, in the case of any partially owned Subsidiary,
ratable Restricted Payments to the holders of such Subsidiary’s Equity Interests;

 

(b)               the Company may declare and make dividend payments or other distributions payable solely in the common stock of the Company;

 

(c)               so
long as no Default shall have occurred and be continuing at the time of any action described below or would result therefrom and, after
giving effect thereto (and any incurrence of Indebtedness in connection therewith), the Company and its Subsidiaries shall be in pro forma
compliance with the financial covenants set forth in Section 7.11, such compliance to be determined on the basis of financial
information most recently delivered to the Administrative Agent pursuant to Section 6.01(a) or (b), the Company may make
unlimited Permitted Share Repurchases;

 

(d)               so
long as no Default shall have occurred and be continuing at the time of any action described below or would result therefrom and, after
giving effect thereto (and any incurrence of Indebtedness in connection therewith), the Company and its Subsidiaries shall be in pro forma
compliance with the financial covenants set forth in Section 7.11 (such compliance to be determined on the basis of financial
information most recently delivered to the Administrative Agent pursuant to Section 6.01(a) or (b); provided that
with respect to the Consolidated Leverage Ratio covenant in Section 7.11(b), the Company may still demonstrate pro forma compliance
to the extent the Consolidated Leverage Ratio does not exceed 3.75 to 1.00 if the Company is permitted to invoke an Elevated Ratio Period
or if an Elevated Ratio Period is then in effect), the Company may (i) issue any Permitted Convertible Indebtedness in accordance with
Section 7.03 and enter into any equity swaps or options on the capital stock of the Company in connection therewith, (ii) satisfy
its conversion or required repurchase obligations related to any Permitted Convertible Indebtedness issued by the Company in accordance
with Section 7.03, in cash or Equity Interests of the Company or a combination thereof, (iii) exercise or settle any equity swaps
or options on the capital stock of the Company entered into in connection with any Permitted Convertible Indebtedness, in each case in
cash or Equity Interests of the Company or a combination thereof, and (iv) purchase Equity Interests of the Company in connection with
the issuance of any Permitted Convertible Indebtedness; and

 

(e)               so
long as no Default shall have occurred and be continuing at the time thereof or would result therefrom and, after giving effect thereto
(and any incurrence of Indebtedness in connection therewith), the Company and its Subsidiaries shall be in pro forma
compliance with the financial covenants set forth in Section 7.11 (such compliance to be determined on the basis of financial
information most recently delivered to the Administrative Agent pursuant to Section 6.01(a) or (b); provided that
with respect to the Consolidated Leverage Ratio covenant in Section 7.11(b), the Company may still demonstrate pro forma compliance
to the extent the Consolidated Leverage Ratio does not exceed 3.75 to 1.00 if the Company is permitted to invoke an Elevated Ratio Period
or if an Elevated Ratio Period is then in effect), the Company may declare and pay cash dividends and distributions to its stockholders.

 

7.07          Change in Nature of Business. Engage in any business activity other than consulting, engineering and design services, remediation,
construction management, construction, technical services, facilities operations and maintenance services, research and development, program
management and such other activities as are substantially related or incidental thereto (including any of the foregoing related to alternative
energy production).

 

7.08          Transactions
with Affiliates. Enter into any transaction of any kind with any Affiliate of the Company, whether or not in the ordinary course
of business, other than on fair and reasonable terms substantially as favorable to the Company or such Subsidiary as would be
obtainable by the Company or such Subsidiary at the time in a comparable arm’s length transaction with a Person other than an
Affiliate, provided that the foregoing restriction shall not apply to transactions between or among the Company and any of
its wholly-owned Subsidiaries or between and among any wholly-owned Subsidiaries.

 

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7.09          
Burdensome Agreements. Enter into any Contractual Obligation (other than this Agreement or any other Loan Document and, to
the extent no more restrictive than this Agreement, any documentation entered into with respect to Indebtedness permitted by Section
7.03(k)) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments to the Company or any Subsidiary Guarantor
that is its direct or indirect parent or to otherwise transfer property to the Company or any Subsidiary Guarantor that is its direct
or indirect parent, (ii) of any Subsidiary other than an Excluded Subsidiary to Guarantee the Indebtedness of the Company or (iii) of
the Company or any Subsidiary other than an Excluded Subsidiary to create, incur, assume or suffer to exist Liens on property of such
Person; provided, however, that this clause (iii) shall not prohibit any negative pledge incurred or provided in
favor of any holder of Indebtedness permitted under Section 7.03(e) solely to the extent any such negative pledge relates to the
property financed by or the subject of such Indebtedness; or (b) requires the grant of a Lien to secure an obligation of such Person
other than an Excluded Subsidiary if a Lien is granted to secure another obligation of such Person.

 

7.10          
Use of Proceeds. 

 

(a)               
Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately,
to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing
or carrying margin stock or to refund indebtedness originally incurred for such purpose; provided, that, to the extent such purchase
would not violate of Regulation U of the FRB, the Company may make Permitted Share Repurchases in accordance with the limitations set
forth in clause (c) of Section 7.06.

 

(b)               Directly
or indirectly, use the proceeds of any Credit Extension, or lend, contribute or otherwise make available such proceeds to any Subsidiary,
joint venture partner or other individual or entity, to fund any activities of or business with any individual or entity, or in any Designated
Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation
by any individual or entity (including any individual or entity participating in the transaction, whether as a Lender, an Arranger, the
Administrative Agent, the L/C Issuer, the Swing Line Lender, or otherwise) of Sanctions.

 

7.11          
Financial Covenants.

 

(a)               
Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter
of the Company to be less than 3.00 to 1.00.

 

(b)               Consolidated
Leverage Ratio. Permit the Consolidated Leverage Ratio at any time during any period of four fiscal quarters of the Company to be
greater than 3.25 to 1.00; provided that if an Acquisition or series of Acquisitions with aggregate consideration of $50,000,000
or more occurs during a fiscal quarter, the Company shall have the right to permit the Consolidated Leverage Ratio to exceed 3.25 to
1.00 during such fiscal quarter and the subsequent three fiscal quarters (the “Elevated Ratio Period”) so long as
(i) the Consolidated Leverage Ratio does not exceed 3.75 to 1.00 at any time during the Elevated Ratio Period, and (ii) the Consolidated
Leverage Ratio is not in excess of 3.25 to 1.00 at any time during the fiscal quarter that commences immediately after the end of the
Elevated Ratio Period.

 

7.12           Amendment
or Modification of Subordinated Indebtedness or Permitted Convertible Indebtedness. Amend, modify or change in any manner any
term or condition of any Subordinated Indebtedness or Permitted Convertible Indebtedness, or any document governing Subordinated
Indebtedness or Permitted Convertible Indebtedness, so that the terms and conditions thereof are any less favorable to the
Administrative Agent and the Lenders than the terms thereof as of the Closing Date or as of the date initially incurred in
compliance with the terms of this Agreement, as the case may be.

 

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7.13          
Amendment or Modification of Organization Documents. Amend, modify or change in any manner any term or provision of any Loan
Party’s Organization Documents in any manner materially adverse to the interests of any Secured Party.

 

7.14          
Payments of Subordinated Indebtedness or Permitted Convertible Indebtedness. Pay, prepay, redeem, purchase, defease or otherwise
acquire or satisfy in any manner prior to the scheduled due date thereof any Subordinated Indebtedness or Permitted Convertible Indebtedness
(other than satisfy its conversion or required repurchase obligations in accordance with Section 7.06(d)) or, in the case of Subordinated
Indebtedness make any payment on or in respect thereof (other than scheduled payments of interest made in the form of additional Subordinated
Indebtedness or common stock).

 

7.15          
Unconditional Purchase Obligations. Enter into or be a party to any contract for the purchase of materials, supplies, or other
property or services, if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such
materials, supplies or other property or services; provided, that the Company or any Subsidiary may enter into any such contract
so long as (i) the aggregate amount of all payments to be made under any such contract does not exceed $2,000,000, and (ii) the aggregate
amount of payments to be made under all such contracts in any fiscal year does not exceed $5,000,000.

 

7.16          
Post-Closing Action. Fail to deliver to the Administrative Agent the items described on Schedule 7.16 within the applicable
time period specified therein.

 

7.17          
Anti-Corruption Laws. Directly or indirectly use the proceeds of any Credit Extension for any purpose which would breach the
United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, or other similar anti-corruption legislation in other jurisdictions.

 

ARTICLE
VIII.

EVENTS OF DEFAULT AND REMEDIES

 

8.01          
Events of Default. Any of the following shall constitute an Event of Default:

 

(a)               Non-Payment.
The Company or any other Loan Party fails to pay (i) when and as required to be paid herein, and in the currency required hereunder,
any amount of principal of any Loan or any L/C Obligation, or (ii) within three Business Days after the same becomes due, any interest
on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five Business Days after the same becomes due, any other
amount payable hereunder or under any other Loan Document; or

 

(b)               Specific Covenants. The Company fails to perform or observe any term, covenant or agreement contained in any of Section
6.01, 6.02, 6.03, 6.05, 6.10, 6.11, or 6.13 or Article VII, or any Subsidiary Guarantor
fails to perform or observe any term, covenant or agreement contained in the Subsidiary Guaranty; or

 

(c)               Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in subsection
(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30
days after the earlier of (i) notice thereof from the Administrative Agent to the Company or (ii) the date any Loan Party obtains
knowledge thereof; or

 

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(d)               
 Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by
or on behalf of the Company or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith
or therewith shall be incorrect or misleading in any material respect when made or deemed made (other than, for the avoidance of doubt,
any Pricing Certificate Inaccuracy; provided that the Company complies with the terms of Section 2.18(d) with respect to
such Pricing Certificate Inaccuracy); or

 

(e)               
Cross-Default. (i) The Company or any Subsidiary (other than an Excluded Subsidiary) (A) fails to make any payment when
due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee
(other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate principal amount (including undrawn committed
or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the
Threshold Amount, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee or
contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default
or other event is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee
(or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required,
such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or
an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become
payable or cash collateral in respect thereof to be demanded; (ii) there occurs under any Swap Contract an Early Termination Date (as
defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which the Company or any Subsidiary
(other than an Excluded Subsidiary) is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined)
under such Swap Contract as to which the Company or any Subsidiary (other than an Excluded Subsidiary) is an Affected Party (as so defined)
and, in either event, the Swap Termination Value owed by the Company or such Subsidiary as a result thereof is greater than the Threshold
Amount; or (iii) there occurs any default in the payment when due, or in the performance or observance of, any material obligation
or, or material condition agreed to by, the Company or any Subsidiary (other than an Excluded Subsidiary) with respect to any purchase
or lease of goods or services exceeding the Threshold Amount (except only to the extent that the existence of any such default is being
contested by the Company or such Subsidiary in good faith and by appropriate proceedings and appropriate reserves have been made with
respect to such default); or

 

(f)                
Insolvency Proceedings, Etc. Any Loan Party or any of its Subsidiaries (other than an Excluded Subsidiary) institutes or
consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies
for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for
it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60 calendar
days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted
without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any
such proceeding; or

 

(g)               
Inability to Pay Debts; Attachment. (i) The Company or any Subsidiary (other than an Excluded Subsidiary) becomes unable
or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or
execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released,
vacated or fully bonded within 30 days after its issue or levy; or

 

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(h)               Judgments. There is entered against the Company or any Subsidiary (other than an Excluded Subsidiary) (i) one or more final
judgments or orders for the payment of money in an aggregate amount (as to all such judgments or orders) exceeding the Threshold Amount
(to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage), or (ii) any one or
more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a
period of 30 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not
in effect; or

 

(i)                ERISA.
(i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to
result in liability of any Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount
in excess of the Threshold Amount, (ii) the Company or any ERISA Affiliate fails to pay when due, after the expiration of any applicable
grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan
in an aggregate amount in excess of the Threshold Amount, or (iii) an event occurs with respect to a Foreign Government Scheme or Arrangement
which has resulted or could reasonably be expected to result in liability of the Company or any Borrower in an aggregate amount in excess
of the Threshold Amount; or

 

(j)                Invalidity
of Loan Documents. Any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted
hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party contests
in any manner the validity or enforceability of any Loan Document; or any Loan Party denies that it has any or further liability or obligation
under any Loan Document, or purports to revoke, terminate or rescind any Loan Document; or

 

(k)               Lien
Priority. Any Lien purported to be created under any Security Instrument shall cease to be, or shall be asserted by any Loan Party
not to be, a valid and perfected Lien on any Collateral, with the priority required by this Agreement, except as a result of the sale
or other disposition of the applicable Collateral in a transaction permitted under the Loan Documents and except as otherwise expressly
permitted by the terms of such Loan Document; or

 

(l)                Subordination
Agreements. Any subordination provision applicable to any Subordinated Indebtedness, at any time after the incurrence of such Subordinated
Indebtedness, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability
of any such subordination provision; or any Loan Party or any other Person breaches any such subordination provision; or

 

(m)             Change of Control. There occurs any Change of Control; or

 

(n)               Debarment.
The Company or any of its Subsidiaries (other than an Excluded Subsidiary) is debarred or suspended under Section 9.4 of the Federal
Acquisition Regulations or otherwise prohibited from future contracting with agencies of the executive branch of the U.S, Government.

 

8.02          
Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request
of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

 

(a)               declare
the commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon
such commitments and obligation shall be terminated;

 

    106

     

    

 

(b)               declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing
or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other
notice of any kind, all of which are hereby expressly waived by each Borrower;

 

(c)               require that the Company Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof) and
Cash Collateralize the Secured Permitted Bilateral Letters of Credit (in an amount equal to the maximum potential drawings thereunder);
and

 

(d)               exercise
on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it, the Lenders and the L/C Issuer under the
Loan Documents;

 

provided, however, that upon the
occurrence of an actual or deemed entry of an order for relief with respect to the Company under the Bankruptcy Code of the United States,
the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate,
the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and
payable, and the obligation of the Company to Cash Collateralize the L/C Obligations and Secured Permitted Bilateral Letters of Credit
as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Lender.

 

8.03          
Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically
become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in
the proviso to Section 8.02), any amounts received on account of the Obligations shall, subject to the provisions of Sections
2.16 and 2.17, be applied by the Administrative Agent 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 arising under the Loan Documents constituting fees, indemnities and other amounts (other than principal,
interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to
the respective Lenders and the L/C Issuer (including fees and time charges for attorneys who may be employees of any Lender or the L/C
Issuer), amounts payable under Article III and reimbursement for amounts paid under Section 10.04(c)), ratably among them
in proportion to the respective amounts described in this clause Second payable to them;

 

Third, to payment of
that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other
Obligations arising under the Loan Documents, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described
in this clause Third payable to them;

 

Fourth, to payment
of that portion of the Obligations constituting unpaid principal of the Loans, L/C Borrowings, Obligations then owing under Secured Hedge
Agreements and Secured Cash Management Agreements and Obligations in the nature of drawn and unreimbursed amounts under Secured Permitted
Bilateral Letters of Credit, ratably among the Lenders, the L/C Issuer, the Hedge Banks, the Cash Management Banks and PBLOC Banks in
proportion to the respective amounts described in this clause Fourth held by them;

 

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Fifth, to the Administrative
Agent for the account of the L/C Issuers and the PBLOC Banks, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate
undrawn amount of Letters of Credit and obligations comprised of the aggregate undrawn amount of Secured Permitted Bilateral Letters of
Credit, in each case to the extent not otherwise Cash Collateralized by the Company pursuant to Sections 2.03 and 2.16 and
the terms of such Secured Permitted Bilateral Letters of Credit ratably among the L/C Issuers and the PBLOC Banks in proportion to the
respective amounts described in this clause Fifth held by them; and

 

Last, the balance,
if any, after all of the Obligations have been indefeasibly paid in full, to the Company or as otherwise required by Law;

 

Subject to Section 2.03(c) and 2.16,
amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit and Secured Permitted Bilateral Letters of Credit
pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit and Secured Permitted Bilateral
Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit and Secured Permitted
Bilateral Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations,
if any, in the order set forth above.

 

Notwithstanding the foregoing, Obligations arising
under Secured Cash Management Agreements, Secured Hedge Agreements and Secured Permitted Bilateral Letters of Credit shall be excluded
from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting
documentation as the Administrative Agent may request, from the applicable Cash Management Bank, Hedge Bank or PBLOC Bank, as the case
may be. Each Cash Management Bank, Hedge Bank or PBLOC Bank not a party to this Agreement that has given the notice contemplated by the
preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant
to the terms of Article IX hereof for itself and its Affiliates as if a “Lender” party to this Agreement.

 

ARTICLE
IX.

ADMINISTRATIVE AGENT

 

9.01          
Appointment and Authority. 

 

(a)               
Each of the Lenders (in its capacities as a Lender, Swing Line Lender (if applicable), potential Hedge Bank, potential Cash Management
Bank and potential PBLOC Bank) and the L/C Issuer hereby irrevocably appoints Bank of America to act on its behalf as the Administrative
Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise
such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are
reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and
the L/C Issuer, and neither any 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 Loan Documents (or any other similar term)
with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising
under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect
only an administrative relationship between contracting parties.

 

(b)                The
Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders
(in its capacities as a Lender, Swing Line Lender (if applicable), potential Hedge Bank, potential Cash Management Bank and
potential PBLOC Bank) and the L/C Issuer hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of
such Lender and the L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of
the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In
this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact
appointed by the Administrative Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the
Collateral (or any portion thereof) granted under the Security Instruments, or for exercising any rights and remedies thereunder at
the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Article IX and Article
X (including Section 10.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral
agent” under the Loan Documents) as if set forth in full herein with respect thereto.

 

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9.02          
Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity
as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender”
or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving
as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money
to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any banking, trust,
financial, advisory, underwriting or other business with the Borrowers or any Subsidiary or other Affiliate thereof as if such Person
were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders or to provide notice or consent of
the Lenders with respect thereto.

 

9.03          
Exculpatory Provisions. The Administrative Agent or the Arrangers, as applicable, shall not have any duties or obligations
except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without
limiting the generality of the foregoing, the Administrative Agent or the Arrangers, as applicable, and any applicable Related Parties:

 

(a)               shall not be subject to any fiduciary or other implied duties, regardless of whether a 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 Loan Documents that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents),
provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel,
may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance
of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification
or termination of property of a Defaulting Lender in violation of any Debtor Relief Law;

 

(c)               shall
not have any duty or responsibility to disclose, and shall not be liable for the failure to disclose, to any Lender or the L/C Issuer,
any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness
of any of the Loan Parties or any of their Affiliates, that is communicated to, obtained or in the possession of, the Administrative
Agent, Arrangers or any of their Related Parties in any capacity, except for notices, reports and other documents expressly required
to be furnished to the Lenders by the Administrative Agent herein;

 

(d)               shall
not be liable for any action taken or not taken by the Administrative Agent under or in connection with this Agreement or any other Loan
Document or the transactions contemplated hereby or thereby (i) with the consent or at the request of the Required Lenders (or such other
number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary,
under the circumstances as provided in Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful
misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. The Administrative Agent shall be
deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative
Agent by the Company, a Lender or the L/C Issuer; and

 

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(e)               shall
not be responsible for or have any duty or obligation to any Lender or participant or any other Person to ascertain or inquire into (i)
any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents
of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence
of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other
agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Security Instruments,
(v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere
herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

 

9.04          Reliance
by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon,
any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet
or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated
by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it
to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled
to the satisfaction of a Lender or the L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender
or the L/C Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or the L/C Issuer prior
to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may
be counsel for the Company), independent accountants and other experts selected by it, and shall not be liable for any action taken or
not taken by it in accordance with the advice of any such counsel, accountants or experts.

 

9.05          
Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder
or under any other Loan Document by or through any one or more sub agents appointed by the Administrative Agent. The Administrative Agent
and any such sub agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related
Parties. The exculpatory provisions of this Article shall apply to any such sub agent and to the Related Parties of the Administrative
Agent and any such sub agent, and shall apply to their respective activities in connection with the syndication of the credit facilities
provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence
or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment
that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents.

 

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9.06           Resignation
of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuer
and the Company. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the
Company, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an
office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such
appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be
agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may
(but shall not be obligated to) on behalf of the Lenders and the L/C Issuer, appoint a successor Administrative Agent meeting the
qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance
with such notice on the Resignation Effective Date. With effect from the Resignation Effective Date, (1) the retiring Administrative
Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of
any collateral security held by the Administrative Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents,
the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative
Agent is appointed) and (2) except for any indemnity payments or other amounts then owed to the retiring Administrative Agent, all
payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by
or to each Lender and the L/C Issuer directly, until such time as the Required Lenders appoint a successor Administrative Agent as
provided for above in this Section. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such
successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired)
Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to indemnity payments or
other amounts owed to the retiring Administrative Agent as of the Resignation Effective Date), and the retiring Administrative Agent
shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). The fees payable by the Company to a successor Administrative Agent shall be the same
as those payable to its predecessor unless otherwise agreed between the Company and such successor. After the retiring
Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section
10.04 shall continue in effect for the benefit of such retiring Administrative Agent, its sub agents and their respective
Related Parties in respect of any actions taken or omitted to be taken by any of them (i) while the retiring Administrative Agent
was acting as Administrative Agent and (ii) after such resignation for as long as any of them continues to act in any capacity
hereunder or under the other Loan Documents, including (A) acting as collateral agent or otherwise holding any collateral security
on behalf of any of the Lenders and (B) in respect of any actions taken in connection with transferring the agency to any successor
Administrative Agent.

  

Any resignation by Bank of
America as Administrative Agent pursuant to this Section shall also constitute its resignation as L/C Issuer and Swing Line Lender. If
Bank of America resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with
respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect
thereto, including the right to require the Lenders to make Base Rate Revolving Credit Loans or fund risk participations in Unreimbursed
Amounts pursuant to Section 2.03(c).  If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the
Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such
resignation, including the right to require the Lenders to make Base Rate Revolving Credit Loans or fund risk participations in outstanding
Swing Line Loans pursuant to Section 2.04(c). Upon the acceptance of a successor’s appointment as Administrative Agent hereunder,
(a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer
or Swing Line Lender, as applicable, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged from all of their respective
duties and obligations hereunder or under the other Loan Documents, and (c) the successor L/C Issuer shall issue letters of credit in
substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to
the retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect to such Letters of Credit.

 

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9.07           Non-Reliance
on the Administrative Agent, the Arranger and the Other Lenders. Each Lender and the L/C Issuer expressly acknowledges that none
of the Administrative Agent nor the Arranger has made any representation or warranty to it, and that no act by the Administrative
Agent or the Arranger hereafter taken, including any consent to, and acceptance of any assignment or review of the affairs of any
Loan Party of any Affiliate thereof, shall be deemed to constitute any representation or warranty by the Administrative Agent or the
Arranger to any Lender or the L/C Issuer as to any matter, including whether the Administrative Agent or the Arranger have disclosed
material information in their (or their Related Parties’) possession. Each Lender and the L/C Issuer represents to the
Administrative Agent and the Arranger that it has, independently and without reliance upon the Administrative Agent, the Arranger,
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 of, appraisal of, and investigation into, the business, prospects, operations, property, financial and other
condition and creditworthiness of the Loan Parties and their Subsidiaries, and all applicable bank or other regulatory Laws relating
to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the
Borrowers hereunder. Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the
Administrative Agent, the Arranger, 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 credit analysis, appraisals and decisions in taking or not
taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished
hereunder or thereunder, and to make such investigations as it deems necessary to inform itself as to the business, prospects,
operations, property, financial and other condition and creditworthiness of the Loan Parties. Each Lender and the L/C Issuer
represents and warrants that (i) the Loan Documents set forth the terms of a commercial lending facility and (ii) it is engaged in
making, acquiring or holding commercial loans in the ordinary course and is entering into this Agreement as a Lender or L/C Issuer
for the purpose of making, acquiring or holding commercial loans and providing other facilities set forth herein as may be
applicable to such Lender or L/C Issuer, and not for the purpose of purchasing, acquiring or holding any other type of financial
instrument, and each Lender and the L/C Issuer agrees not to assert a claim in contravention of the foregoing. Each Lender and the
L/C Issuer represents and warrants that it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans
and to provide other facilities set forth herein, as may be applicable to such Lender or such L/C Issuer, and either it, or the
Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other
facilities, is experienced in making, acquiring or holding such commercial loans or providing such other facilities.

 

9.08          
No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the arranger(s), bookrunner(s), syndication
agent(s), documentation agent(s) or sustainability coordinator(s) listed on the cover page hereof shall have any powers, duties or responsibilities
under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender
or the L/C Issuer hereunder.

 

9.09          
Administrative Agent May File Proofs of Claim; Credit Bidding. In case of the pendency of any proceeding under any Debtor Relief
Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any
Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the
Administrative Agent shall have made any demand on any Borrower) shall be entitled and empowered, by intervention in such proceeding or
otherwise:

 

(a)               
to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations
and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have
the claims of the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective agents and counsel and all
other amounts due the Lenders, the L/C Issuer and the Administrative Agent under Sections 2.03(h) and (i), 2.09 and
10.04) allowed in such judicial proceeding; and

 

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

 

and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer
to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such
payments directly to the Lenders and the L/C Issuer, to pay to the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative
Agent under Sections 2.09 and 10.04.

 

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

 

The Secured Parties hereby
irrevocably authorize the Administrative Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Obligations
(including accepting some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure
or otherwise) and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral
(a) at any sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under Sections 363, 1123
or 1129 of the Bankruptcy Code of the United States, or any similar Laws in any other jurisdictions to which a Loan Party is subject,
(b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent or at the direction
of) the Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable Law.  In connection with
any such credit bid and purchase, the Obligations owed to the Secured Parties shall be entitled to be, and shall be, credit bid on a ratable
basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable
basis that would vest upon the liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim
amount used in allocating the contingent interests) in the asset or assets so purchased (or in the Equity Interests or debt instruments
of the acquisition vehicle or vehicles that are used to consummate such purchase).  In connection with any such bid (i) the Administrative
Agent shall be authorized to form one or more acquisition vehicles to make a bid, (ii) to adopt documents providing for the governance
of the acquisition vehicle or vehicles (provided that any actions by the Administrative Agent with respect to such acquisition vehicle
or vehicles, including any disposition of the assets or Equity Interests thereof shall be governed, directly or indirectly, by the vote
of the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by
the Required Lenders contained in clauses (a) through (l) of Section 10.01, (iii) the Administrative Agent shall be authorized
to assign the relevant Obligations to any such acquisition vehicle pro rata by the Lenders, as a result of which each of the Lenders shall
be deemed to have received a pro rata portion of any Equity Interests and/or debt instruments issued by such an acquisition vehicle on
account of the assignment of the Obligations to be credit bid, all without the need for any Secured Party or acquisition vehicle to take
any further action, and (iv) to the extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral
for any reason (as a result of another bid being higher or better, because the amount of Obligations assigned to the acquisition vehicle
exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to
the Lenders pro rata and the Equity Interests and/or debt instruments issued by any acquisition vehicle on account of the Obligations
that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Secured Party or any acquisition
vehicle to take any further action.

 

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9.10          
 Collateral and Guaranty Matters. Each of the Lenders (in its capacities as a Lender, Swing Line Lender (if applicable), potential
Hedge Bank, potential Cash Management Bank and potential PBLOC Bank) and the L/C Issuer irrevocably authorize the Administrative Agent
at its option and in its discretion,

 

(a)               
to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon the occurrence
of the Facility Termination Date, (ii) that is sold or otherwise Disposed of or to be sold or otherwise Disposed of as part of or in
connection with any sale or other Disposition permitted hereunder or under any other Loan Document to a Person that is not a Loan Party,
or (iii) subject to Section 10.01, if approved, authorized or ratified in writing by the Required Lenders;

 

(b)               
to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of
any Lien on such property that is permitted by Section 7.01(i); and

 

(c)               
to release any Subsidiary Guarantor from its obligations under the Loan Documents to which it is a party if such Person ceases
to be a Subsidiary as a result of a transaction permitted hereunder.

 

Upon request by the Administrative
Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate
its interest in particular types or items of property, or to release any Subsidiary Guarantor from its obligations under the Loan Documents
to which it is a party pursuant to this Section 9.10.

 

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.

 

9.11          
Secured Cash Management Agreements, Secured Hedging Agreements and Secured Permitted Bilateral Letters of Credit.
No Cash Management Bank, Hedge Bank or PBLOC Bank who obtains the benefit of the provisions
of Section 8.03, any Guaranty or any Collateral by virtue of the provisions hereof or of any Guaranty or any Security Instrument
shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document
or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any
amendment, waiver or modification of the provisions hereof or of any Guaranty or any Security Instrument) other than in its capacity
as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this
Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory
arrangement have been made with respect to, Obligations arising under Secured Cash Management Agreements, Secured Hedge Agreements and
Secured Permitted Bilateral Letters of Credit unless the Administrative Agent has received
written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable
Cash Management Bank, Hedge Bank or PBLOC Bank, as the case may be.

 

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9.12           Quebec
Matters. For the purposes of the grant of security under the laws of the Province of Quebec which may now or in the future be
granted or provided by any Loan Party, each of the Lenders (including in its capacity as a potential Hedge Bank, Cash Management
Bank or PBLOC Bank) and the L/C Issuer hereby authorizes and appoints the Administrative Agent to act as the holder of an
irrevocable power of attorney (fondé de pouvoir) (within the meaning of Article 2692 of the Civil Code of
Quebec) in order to hold any hypothec granted under the laws of the Province of Quebec as security for any debenture, bond or
other title of indebtedness that may be issued by any Loan Party pursuant to a deed of hypothec and to exercise such rights and
duties as are conferred upon a fondé de pouvoir under the relevant deed of hypothec and applicable laws (with the
power to delegate any such rights or duties). Moreover, in respect of any pledge by any such Loan Party of any such debenture, bond
or other title of indebtedness, as security for any Obligations the Administrative Agent shall also be authorized to hold such
debenture, bond or other title of indebtedness as agent and pledgee for its own account and for the benefit of any of the other
Secured Parties, the whole notwithstanding the provisions of Section 32 of An Act respecting the Special Powers of Legal
Persons (Quebec). Any person who becomes a Secured Party under this Agreement shall be deemed to have consented to and ratified
the foregoing appointment of the Administrative Agent as fondé de pouvoir, and as agent and mandatary on behalf of the
relevant Secured Parties. For greater certainty, the Administrative Agent, acting as the holder of an irrevocable power of attorney
(fondé de pouvoir), shall have the same rights, powers, immunities, indemnities and exclusions from liability as are
prescribed in favor of the Administrative Agent in this Agreement, which shall apply mutatis mutandis. In the event of the
resignation and appointment of a successor Administrative Agent under this Agreement, such successor Administrative Agent shall also
act as the holder of an irrevocable power of attorney (fondé de pouvoir).

 

9.13          
No Lender is an Employee Benefit Plan.

 

(a)               
Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from
the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the
Administrative Agent and the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of
any Borrower or any other Loan Party, that at least one of the following is and will be true:

 

(i)                
such Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42)
of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments;

 

(ii)              
the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined
by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company
general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38
(a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions
determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration
of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement;

 

(iii)            
(A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part
VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into,
participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation
in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements
of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a)
of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance
of the Loans, the Letters of Credit, the Commitments and this Agreement; or

 

(iv)             
such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion,
and such Lender.

 

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

 

9.14          
Recovery of Erroneous Payments. Without limitation of any other provision in this Agreement,
if at any time the Administrative Agent makes a payment hereunder in error to any Lender Recipient Party, whether or not in respect of
an Obligation due and owing by any Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each Lender
Recipient Party receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable
Amount received by such Lender Recipient Party in Same Day Funds in the currency so received, with interest thereon, for each day from
and including the date such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at
the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on
interbank compensation. Each Lender Recipient Party irrevocably waives any and all defenses, including any “discharge for value”
(under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another)
or similar defense to its obligation to return any Rescindable Amount.  The Administrative Agent shall inform each Lender Recipient
Party promptly upon determining that any payment made to such Lender Recipient Party comprised, in whole or in part, a Rescindable Amount.

 

ARTICLE
X.

MISCELLANEOUS

 

10.01       
Amendments, Etc. Subject to Section 3.03, no amendment or waiver of any provision of this Agreement or any other Loan
Document, and no consent to any departure by the Company or any other Loan Party therefrom, shall be effective unless in writing signed
by the Required Lenders (or by the Administrative Agent with the consent of the Required Lenders) and the Company or the applicable Loan
Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent
shall:

 

(a)               
waive any condition set forth in Section 4.01(a) without the written consent of each Lender; provided, however,
in the sole discretion of the Administrative Agent, only a waiver by the Administrative Agent shall be required with respect to immaterial
matters or items specified in Section 4.01(a)(iii) or (iv) with respect to which the Company has given assurances satisfactory
to the Administrative Agent that such items shall be delivered promptly following the Closing Date;

 

(b)               
without limiting the generality of clause (a) above, waive any condition set forth in Section 4.02 as to any Credit Extension
under a particular Facility without the written consent of the Required Revolving Credit Lenders or the Required Term Loan Lenders, as
the case may be;

 

(c)               
extend or increase any Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without
the written consent of such Lender;

 

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(d)               
 postpone any date fixed by this Agreement or any other Loan Document for any payment (excluding mandatory prepayments) of principal,
interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent
of each Lender directly affected thereby;

 

(e)               
reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iv)
of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document
without the written consent of each Lender directly affected thereby; provided, however, that only the consent of the Required
Lenders shall be necessary (i) to amend the definition of “Default Rate” or to waive any obligation of any Borrower to pay
interest or Letter of Credit Fees at the Default Rate or (ii) to amend any financial covenant hereunder (or any defined term used
therein) even if the effect of such amendment would be to reduce the rate of interest on any Loan or L/C Borrowing or to reduce any fee
payable hereunder;

 

(f)                
(i) change Section 2.13 or 8.03 or any other provision hereof in a manner that would have the effect of altering
the ratable reduction of Commitments, pro rata payments or pro rata sharing of payments otherwise required hereunder or the order of
application of payments required thereby without the written consent of each Lender adversely and directly affected thereby or (ii) subordinate,
or change any provision hereof that would have the effect of subordinating, the Obligations hereunder to any other Indebtedness or other
obligation, without the written consent of each Lender adversely and directly affected thereby;

 

(g)               
to the extent such amendment relates to or affects Loans to be made in an Alternative Currency, amend Section 1.06 or the
definition of “Alternative Currency” without the written consent of each Revolving Credit Lender;

 

(h)               
change Section 2.05 in a manner that would alter the order of application of any prepayments of Term Loans without the
written consent of each Term Loan Lender;

 

(i)                
change (i) any provision of this Section or the definition of “Required Lenders” or any other provision hereof specifying
the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant
any consent hereunder (other than as provided in subclause (ii) of this clause (i)), without the written consent of each
Lender or (ii) the definition of “Required Facility Lenders” as it relates to a Facility (or the constituent definition therein
relating to such Facility) without the written consent of each Lender under such Facility;

 

(j)                
release all or substantially all of the Collateral in any transaction or series of related transactions, without the written consent
of each Lender;

 

(k)               
release (i) the Company from the Company Guaranty without the written consent of each Lender, or (ii) all or substantially all
of the value of the Subsidiary Guaranties without the written consent of each Lender, except to the extent the release of any Subsidiary
Guarantor is permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative Agent acting alone);
or

 

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(l)                
impose any greater restriction on the ability of any Lender under a Facility to assign any of its rights or obligations hereunder
without the written consent of the Required Facility Lenders under such Facility;

 

and, provided further, that
(i) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required above,
affect the rights or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or
to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Swing Line Lender in addition to
the Lenders required above, affect the rights or duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or
consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights
or duties of the Administrative Agent under this Agreement or any other Loan Document; (iv) the Fee Letters may be amended, or rights
or privileges thereunder waived, in a writing executed only by the parties thereto; (v) any provision of any Loan Document may be amended
in a writing executed only by the Administrative Agent and the Company to the extent such amendment is being made to address an ambiguity,
omission, mistake, defect or inconsistency in any such provision that has been jointly identified by the Administrative Agent and the
Company; and (vi) any amendment, modification or other supplement to the Sustainability Table (other than with respect to the amounts
of the Sustainability Fee Adjustment or Sustainability Rate Adjustment) may be entered into or amended in a writing executed only by
the Company and the Sustainability Coordinator, each acting reasonably, and acknowledged by the Administrative Agent (acting reasonably),
and shall not require the consent of any other Lender (provided that, if any such amendment, modification or other supplement
is not in connection with the occurrence of an event as contemplated by Section 2.18(g) and is reasonably determined by the Administrative
Agent and/or the Sustainability Coordinator to be material to the interests of the Lenders, the Administrative Agent and the Sustainability
Coordinator may grant or withhold consent in their respective sole discretion). Notwithstanding anything to the contrary herein, no Defaulting
Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent
which by its terms requires the consent of all Lenders or each affected Lender or all Lenders or each affected Lender under a Facility
may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) no Commitment of any Defaulting
Lender may be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent
of all Lenders or each affected Lender or all Lenders or each affected Lender under a Facility that by its terms affects any Defaulting
Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender.

 

Notwithstanding any
provision herein to the contrary, in the event an Applicant Borrower or an Alternative Currency is approved by the Required
Revolving Credit Lenders but not all Revolving Credit Lenders, this Agreement may be amended (or amended and restated) with the
written consent of the Required Revolving Credit Lenders, the Lenders providing the Additional Alternative Currency Loan Tranche (as
defined below), the Administrative Agent, the Company and the other Borrowers then party hereto to allocate a portion of the
Revolving Credit Facility and Alternative Currency Sublimit to a replacement loan tranche hereunder (the “Additional
Alternative Currency Loan Tranche”); provided that (i) the aggregate principal amount of the Additional Alternative
Currency Loan Tranche,  when added to the Aggregate Revolving Credit Commitments not reallocated to the Additional Alternative
Currency Loan Tranche, shall not exceed the sum of the Aggregate Revolving Credit Commitments then in effect plus any
concurrent increase thereto pursuant to Section 2.15 (which increases may be allocated to the Additional Alternative Currency
Loan Tranche), (ii) the aggregate principal amount of the Alternative Currency Sublimit allocated to the Additional Alternative
Currency Loan Tranche, when added to the Alternative Currency Sublimit not reallocated to the Additional Alternative Currency Loan
Tranche, shall not exceed the Alternative Currency Sublimit then in effect, (iii) the Applicable Rate for the Additional Alternative
Currency Loan Tranche shall not be higher than the Applicable Rate for the Revolving Credit Facility, (iv) the availability period
and maturity date of the Additional Alternative Currency Loan Tranche shall not be shorter than the availability period and maturity
date of the Revolving Credit Facility, (v) all other terms applicable to the Additional Alternative Currency Loan Tranche shall be
substantially identical to, or less favorable to the Lenders providing the Additional Alternative Currency Loan Tranche than, those
applicable to the Revolving Credit Facility, and (vi) each of the conditions set forth in Section 4.02 shall be satisfied as
of the date thereof (it being understood that all references to “the date of such Credit Extension” and the like in Section
4.02 shall be deemed to refer to the effective date of the Additional Alternative Currency Loan Tranche).  Without
limitation of the foregoing any such amendment (or amendment and restatement) may include amendments to or amendments and
restatements of the Loan Documents to permit extensions of credit under an Additional Alternative Currency Loan Tranche and all
related obligations and liabilities arising in connection therewith from time to time outstanding to share ratably (or on a basis
subordinated to the existing facilities hereunder) in the benefits of this Agreement and the other Loan Documents with the
obligations and liabilities from time to time outstanding in respect of the existing facilities hereunder, and,  in connection
with the foregoing, to permit, as deemed appropriate by the Administrative Agent and approved by the Required Revolving Credit
Lenders, the Lenders providing the Additional Alternative Currency Loan Tranche and the Company, the Lenders providing the
Additional Alternative Currency Loan Tranche to participate in any required vote or action required to be approved by the Required
Revolving Credit Lenders or by any other number, percentage or class of Lenders hereunder.

 

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Notwithstanding any provision
herein to the contrary, this Agreement may be amended with the written consent of the Administrative Agent, the L/C Issuer, the Company
and the Lenders affected thereby to amend the definition of “Alternative Currency”, “Alternative Currency Daily Rate”
or “Alternative Currency Term Rate” or Section 1.06 solely to add additional currency options and the applicable interest
rate with respect thereto, in each case solely to the extent permitted pursuant to Section 1.06.

 

Notwithstanding anything
to the contrary herein, this Agreement may be amended and restated without the consent of any Lender (but with the consent of the Loan
Parties and the Administrative Agent) if, upon giving effect to such amendment and restatement, such Lender shall no longer be a party
to this Agreement (as so amended and restated), the Commitments of such Lender shall have terminated, such Lender shall have no other
commitment or other obligation hereunder and shall have been paid in full all principal, interest and other amounts owing to it or accrued
for its account under this Agreement.

 

10.02       
Notices; Effectiveness; Electronic Communication.

 

(a)               
Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone
(and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing
and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows,
and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone
number, as follows:

 

(i)                
if to a Borrower, the Administrative Agent, any L/C Issuer or the Swing Line Lender, to the address, telecopier number, electronic
mail address or telephone number specified for such Person on Schedule 10.02; and

 

(ii)              
if to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its Administrative
Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire
then in effect for the delivery of notices that may contain material non-public information relating to the Company).

 

Notices and other communications sent by hand
or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and
other communications sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business
hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices
and other communications delivered through electronic communications to the extent provided in subsection (b) below, shall be
effective as provided in such subsection (b).

 

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(b)               
 Electronic Communications. Notices and other communications to the Lenders and the L/C Issuer hereunder may be delivered
or furnished by electronic communication (including e-mail, FpML messaging and Internet or intranet websites) pursuant to procedures
approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C Issuer pursuant
to Article II if such Lender or the L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving
notices under such Article by electronic communication. The Administrative Agent, the Swing Line Lender, the L/C Issuer or the Company
may each, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications.

 

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

 

(c)               
The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED
BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM
LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY
WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER
CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative
Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Borrower, any other
Loan Party, any Lender, the L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether
in tort, contract or otherwise) arising out of any Borrower’s, any other Loan Party’s or the Administrative Agent’s
transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses
are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence
or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability
to any Borrower, any Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages
(as opposed to direct or actual damages).

 

(d)                Change
of Address, Etc. Each of the Borrowers, the Administrative Agent, the L/C Issuer and the Swing Line Lender may change its
address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each
other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the
Company, the Administrative Agent, the L/C Issuer and the Swing Line Lender. In addition, each Lender agrees to notify the
Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact
name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii)
accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf
of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content
declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public
Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make
reference to Borrower Materials that are not made available through the “Public Side Information” portion of the
Platform and that may contain material non-public information with respect to the Company or its securities for purposes of United
States Federal or state securities laws.

 

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(e)               
Reliance by Administrative Agent, L/C Issuer and Lenders. The Administrative Agent, the L/C Issuer and the Lenders shall
be entitled to rely and act upon any notices (including telephonic or electronic Loan Notices, Letter of Credit Applications and Swing
Line Loan Notices) purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein,
were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood
by the recipient, varied from any confirmation thereof. The Company shall indemnify the Administrative Agent, the L/C Issuer, each Lender
and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on
each notice purportedly given by or on behalf of any Borrower. All telephonic notices to and other telephonic communications with the
Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

 

10.03       
No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender, the L/C Issuer or the 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 or under any
other Loan Document 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 Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in
connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Section
8.02 for the benefit of all the Lenders and the L/C Issuer; provided, however, that the foregoing shall not prohibit
(a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity
as Administrative Agent) hereunder and under the other Loan Documents, (b) the L/C Issuer or the Swing Line Lender from exercising the
rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder
and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to
the terms of Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf
during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and provided, further, that
if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required
Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to
the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.13, any
Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required
Lenders.

 

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10.04       
Expenses; Indemnity; Damage Waiver. 

 

(a)                Costs
and Expenses. The Company shall pay (i) all reasonable out of pocket expenses incurred by the Administrative Agent and its
Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with
the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration
of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof
(whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out of pocket expenses
incurred by the L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand
for payment thereunder and (iii) all out of pocket expenses incurred by the Administrative Agent, any Lender or the L/C Issuer
(including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the L/C Issuer), and shall
pay all fees and time charges for attorneys who may be employees of the Administrative Agent, any Lender or the L/C Issuer, in
connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents,
including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including
all such out of pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of
Credit.

 

(b)               
Indemnification by the Company. The Company shall indemnify the Administrative Agent (and any sub-agent thereof), each
Lender and the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the
reasonable fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee
from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or
asserted against any Indemnitee by any third party or by any Borrower or any other Loan Party arising out of, in connection with, or
as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby
or thereby (including, without limitation, the Indemnitee’s reliance on any Communication executed using an Electronic Signature,
or in the form of an Electronic Record), the performance by the parties hereto or thereto of their respective obligations hereunder or
thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any
sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents (including in respect
of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom
(including any refusal by the L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection
with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of
Hazardous Materials on or from any property owned or operated by any Borrower or any of its Subsidiaries, or any Environmental Liability
related in any way to any Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or
proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or
by the Company or any other Loan Party, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are
determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Indemnitee or (y) result from a claim brought by the Company or any other Loan Party against an Indemnitee for breach
in bad faith of such Indemnitee's obligations hereunder or under any other Loan Document, if the Company or such other Loan Party has
obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction.

 

(c)                Reimbursement
by Lenders. To the extent that the Company for any reason fails to indefeasibly pay any amount required under subsection
(a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the L/C Issuer, the
Swing Line Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or
any such sub-agent), the L/C Issuer, the Swing Line Lender or such Related Party, as the case may be, such Lender’s pro rata
share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each
Lender’s share of the Total Credit Exposure at such time) 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 Lender’s Applicable Percentage
(determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided that the
unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or
asserted against the Administrative Agent (or any such sub-agent), the L/C Issuer or the Swing Line Lender in its capacity as such,
or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), the L/C Issuer or
the Swing Line Lender in connection with such capacity. The obligations of the Lenders under this subsection (c) are subject
to the provisions of Section 2.12(d).

 

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(d)               
Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, no Borrower shall assert, and
each Borrower hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive
damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit
or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising
from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee
through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan
Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence
or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction.

 

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

 

(f)                
Survival. The agreements in this Section and the indemnity provisions of Section 10.02(e) shall survive the resignation
of the Administrative Agent, the L/C Issuer and the Swing Line Lender, the replacement of any Lender, the termination of the Aggregate
Commitments and the repayment, satisfaction or discharge of all the other Obligations.

 

10.05       
Payments Set Aside. To the extent that any payment by or on behalf of any Borrower is made to the Administrative Agent, the
L/C Issuer or any Lender, or the Administrative Agent, the L/C Issuer or any Lender exercises its right of setoff, and such payment or
the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or
required (including pursuant to any settlement entered into by the Administrative Agent, the L/C Issuer or such Lender in its discretion)
to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then
(a) to the extent of 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 and the L/C Issuer
severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered
from or repaid by the Administrative Agent plus interest thereon from the date of such demand to the date such payment is made at a rate
per annum equal to the applicable Overnight Rate from time to time in effect, in the applicable currency of such recovery or payment.
The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full
of the Obligations and the termination of this Agreement.

 

10.06       
Successors and Assigns. 

 

(a)                Successors
and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns permitted hereby, except that no Borrower may assign or otherwise transfer any of its rights
or obligations hereunder 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 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, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuer and the Lenders) any legal or equitable
right, remedy or claim under or by reason of this Agreement.

 

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(b)               
Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this subsection (b),
participations in L/C Obligations and in Swing Line Loans) at the time owing to it); provided that (in each case with respect
to any Facility) any such assignment shall be subject to the following conditions:

 

(i)                
Minimum Amounts.

 

(A)            
in the case of an assignment of the entire remaining amount of the assigning Lender's Commitment
under any Facility and/or the Loans at the time owing to it (in each case with respect to any Facility) or contemporaneous assignments
to related Approved Funds (determined after giving effect to such assignments) that equal at least the amount specified in paragraph
(b)(i)(B) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund,
no minimum amount need be assigned; and 

 

(B)             
in any case not described in 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 $5,000,000, in the case of any assignment in
respect of the Revolving Credit Facility, or $2,500,000, in the case of any assignment in respect of the Term Loan Facility, unless each
of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Company otherwise consents (each
such consent not to be unreasonably withheld or delayed). 

 

(ii)              
Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this clause
(ii) shall not apply to the Swing Line Lender’s rights and obligations in respect of Swing Line Loans.

 

(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:

 

(A)             the
consent of the Company (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of Default
has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an
Approved Fund; provided that the Company shall be deemed to have consented to any such assignment unless it shall
object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof;

 

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(B)             
the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed)
shall be required for assignments in respect of (i) any unfunded Term Loan Commitment or any Revolving Credit Commitment if such assignment
is to a Person that is not a Lender with a Commitment in respect of the applicable Facility, an Affiliate of such a Lender or an Approved
Fund with respect to such a Lender or (ii) any Term Loan to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund;
and 

 

(C)             
the consent of the L/C Issuer and the Swing Line Lender (such consent not to be unreasonably withheld
or delayed) shall be required for any assignment in respect of the Revolving Credit Facility.

 

(iv)             
Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment
and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative
Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if
it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

 

(v)               
No Assignment to Certain Persons. No such assignment shall be made (A) to the Company or any of the Company’s Affiliates
or Subsidiaries, or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would
constitute any of the foregoing Persons described in this clause (B), or (C) to a natural person, or a holding company, investment
vehicle or trust for, or owned and operated for the primary benefit of, a natural person.

 

(vi)             
Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder,
no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to
the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof
as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating
actions, including funding, with the consent of the Company and the Administrative Agent, the applicable pro rata share of Loans previously
requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent),
to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, the L/C Issuer
or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans
and participations in Letters of Credit and Swing Line Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing,
in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable
Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender
for all purposes of this Agreement until such compliance occurs.

 

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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
3.01, 3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date
of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by
a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having
been a Defaulting Lender. Upon request, each Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be
treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection
(d) of this Section.

 

(c)       
Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrowers (and such agency being solely
for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it
(or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders, and the Commitments
of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from
time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrowers, the Administrative
Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder
for all purposes of this Agreement. The Register shall be available for inspection by each of the Borrowers and any Lender, at any reasonable
time and from time to time upon reasonable prior notice.

 

(d)       
Participations. Any Lender may at any time, without the consent of, or notice to, any Borrower or the Administrative Agent,
sell participations to any Person (other than a natural person, or a holding company, investment vehicle or trust for, or owned and operated
for the primary benefit of a natural person, a Defaulting Lender or the Company or any of the Company’s Affiliates or Subsidiaries)
(each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including
all or a portion of its Commitment(s) and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swing Line
Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender
shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative
Agent, the Lenders and the L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender's rights
and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section
10.04(c) without regard to the existence of any participation.

 

Any agreement or
instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to
enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that
such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
waiver or other modification described in the first proviso to Section 10.01 that affects such Participant. Each Borrower
agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same
extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section (it
being understood that the documentation required under Section 3.01(e) shall be delivered to the Lender who sells the
participation); provided that such Participant (A) agrees to be subject to the provisions of Sections 3.06 and 10.13
as if it were an assignee under subsection (b) of this Section and (B) shall not be entitled to receive any greater payment
under Sections 3.01 or 3.04, with respect to any participation, than the Lender from whom it acquired the applicable
participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a
Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation
agrees, at the Company’s request and expense, to use reasonable efforts to cooperate with the Company to effectuate the
provisions of Section 3.06 with respect to any Participant. To the extent permitted by law,
each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided that
such Participant agrees to be subject to Section 2.13 as though it were a Lender.

 

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Each Lender that sells a participation
shall, acting solely for this purpose as a non-fiduciary agent of the Company, maintain a register on which it enters the name and address
of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations
under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to
disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant's
interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent
that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form
under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent
manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation
for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in
its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

 

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

 

(f)        
Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding anything to the contrary contained herein,
if at any time any Lender assigns all of its Revolving Credit Commitment and Revolving Credit Loans pursuant to subsection (b)
above, such Lender may, (i) upon 30 days’ notice to the Company and the Lenders, resign as L/C Issuer and/or (ii) upon 30 days’
notice to the Company, resign as Swing Line Lender. In the event of any such resignation as L/C Issuer or Swing Line Lender, the Company
shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided, however,
that no failure by the Company to appoint any such successor shall affect the resignation of Bank of America or any other Lender as L/C
Issuer or Swing Line Lender, as the case may be. If any Lender resigns as L/C Issuer, it shall retain all the rights, powers, privileges
and duties of an L/C Issuer hereunder with respect to all of its Letters of Credit outstanding as of the effective date of its resignation
as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Revolving Credit
Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If any Lender resigns as Swing Line Lender,
it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding
as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Revolving Credit Loans or fund
risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment of a successor L/C Issuer
and/or Swing Line Lender, (i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties
of the retiring L/C Issuer or Swing Line Lender, as the case may be, and (ii) the successor L/C Issuer shall issue letters of credit in
substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to
the resigning L/C Issuer to effectively assume the obligations of such L/C Issuer with respect to such Letters of Credit.

 

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10.07        Treatment
of Certain Information; Confidentiality. Each of the Administrative Agent, the Lenders and the L/C Issuer agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and
its Affiliates’ respective partners, directors, officers, employees, agents, trustees, advisors and representatives (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and
instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have
jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to
the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto,
(e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating
to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights and obligations under this Agreement or any Eligible Assignee invited to be a
Lender pursuant to Section 2.15(c) or (ii) any actual or prospective party (or its Related Parties) to any swap, derivative
or other transaction under which payments are to be made by reference to a Borrower and its obligations, this Agreement or payments
hereunder, (g) on a confidential basis to (i) any rating agency in connection with rating the Company or its Subsidiaries or the
credit facilities provided hereunder or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and
monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder, (h) with the
consent of the Company or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of
this Section or (y) becomes available to the Administrative Agent, any Lender, the L/C Issuer or any of their respective Affiliates
on a nonconfidential basis from a source other than the Company. In addition, the Administrative Agent and the Lenders may disclose
the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the
lending industry and service providers to the Administrative Agent and the Lenders in connection with the administration of this
Agreement, the other Loan Documents, and the Commitments.

 

For purposes of this Section,
 “Information” means all information received from the Company or any Subsidiary relating to the Company or any Subsidiary
or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the
L/C Issuer on a nonconfidential basis prior to disclosure by the Company or any Subsidiary, provided that, in the case of information
received from the Company or any Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential.
Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with
its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such
Person would accord to its own confidential information.

 

Each of the Administrative
Agent, the Lenders and the L/C Issuer acknowledges that (a) the Information may include material non-public information concerning
the Company or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information
and (c) it will handle such material non-public information in accordance with applicable Law, including United States Federal and state
securities Laws.

 

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10.08        Right
of Setoff. If an Event of Default shall have occurred and be continuing, each Lender, the L/C Issuer and each of their
respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to
set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time
held and other obligations (in whatever currency) at any time owing by such Lender, the L/C Issuer or any such Affiliate to or for
the credit or the account of any Borrower or any other Loan Party against any and all of the obligations of such Borrower or such
Loan Party now or hereafter existing under this Agreement or any other Loan Document to such Lender, the L/C Issuer or their
respective Affiliates, irrespective of whether or not such Lender or the L/C Issuer or such Affiliate shall have made any demand
under this Agreement or any other Loan Document and although such obligations of such Borrower or such Loan Party may be contingent
or unmatured or are owed to a branch, office or Affiliate of such Lender or the L/C Issuer different from the branch, office or
Affiliate holding such deposit or obligated on such indebtedness; provided, that in the event that any Defaulting Lender
shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for
further application in accordance with the provisions of Section 2.17 and, pending such payment, shall be segregated by such
Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuer and the
Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable
detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, the
L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights
of setoff) that such Lender, the L/C Issuer or their respective Affiliates may have. Each Lender and the L/C Issuer agrees to notify
the Company and the Administrative Agent promptly after any such setoff and application, provided that the failure to give
such notice shall not affect the validity of such setoff and application.

 

10.09       
Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed
to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum
Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess
interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Company. In determining
whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person
may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather
than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or
unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

 

10.10       
Integration; Effectiveness. This Agreement, the other Loan Documents, and any separate letter agreements with respect to fees
payable to the Administrative Agent or the L/C Issuer, constitute the entire contract among the parties relating to the subject matter
hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except
as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent
and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the
other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns.

 

10.11       
Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document
or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery
hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender,
regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative
Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force
and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain
outstanding.

 

10.12        Severability. If
any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality,
validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or
unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.12, if and to the
extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief
Laws, as determined in good faith by the Administrative Agent, the L/C Issuer or the Swing Line Lender, as applicable, then such
provisions shall be deemed to be in effect only to the extent not so limited.

 

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10.13       
Replacement of Lenders. If the Company is entitled to replace a Lender pursuant to the provisions of Section 3.06, or
if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Company may, at its sole expense and effort, upon notice to
such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject
to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights (other than its existing
rights to payments pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents
to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment),
provided that:

 

(a)       
the Company shall have paid (or caused a Designated Borrower to pay) to the Administrative Agent the assignment fee specified in
Section 10.06(b);

 

(b)       
such Lender shall have received payment of an amount equal to 100% of the outstanding principal of its Loans and L/C Advances,
accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any
amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the
Company or applicable Designated Borrower (in the case of all other amounts);

 

(c)       
in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be
made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter;

 

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

 

(e)       
in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented
to the applicable amendment, waiver or consent.

 

A Lender shall not be required
to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling
the Company to require such assignment and delegation cease to apply.

 

10.14       
Governing Law; Jurisdiction; Etc. 

 

(a)       
GOVERNING LAW. THIS AGREEMENT and the other Loan Documents and any claims, controversy,
dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement or any
other Loan Document (except, as to any other Loan Document, as expressly set forth therein) and the transactions contemplated hereby and
thereby SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

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(b)        SUBMISSION
TO JURISDICTION. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY agrees that it will not commence
any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise,
against the Administrative Agent, any Lender, the l/c Issuer, or any Related Party of the foregoing in any way relating to this Agreement
or any other Loan Document or the transactions relating hereto or thereto, in any forum other than THE COURTS OF THE STATE OF NEW YORK
SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM
ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT
ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH
ACTION, LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER
MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT,
ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
AGAINST ANY BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

 

(c)       
WAIVER OF VENUE. EACH BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE
OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

 

(d)      
SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION
10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE
LAW.

 

10.15       
Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO
HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION.

 

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10.16        No
Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including in
connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Borrower and each other Loan
Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and other services
regarding this Agreement provided by the Administrative Agent, the Arrangers and the Lenders are arm’s-length commercial
transactions between such Borrower, each other Loan Party and their respective Affiliates, on the one hand, and the Administrative
Agent, the Arrangers and the Lenders, on the other hand, (B) each of such Borrower and the other Loan Parties has consulted its own
legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) such Borrower and each other Loan
Party is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby
and by the other Loan Documents; (ii) (A) the Administrative Agent, the Arrangers and the Lenders each is and has been acting solely
as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as
an advisor, agent or fiduciary for such Borrower, any other Loan Party or any of their respective Affiliates or any other Person and
(B) neither the Administrative Agent nor any Arranger nor any Lender has any obligation to such Borrower, any other Loan Party or
any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth
herein and in the other Loan Documents; and (iii) the Administrative Agent, the Arrangers and the Lenders and their respective
Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of such Borrower, the other
Loan Parties and their respective Affiliates, and neither the Administrative Agent nor any Arranger nor any Lender has any
obligation to disclose any of such interests to any Borrower, any other Loan Party or any of their respective Affiliates. To the
fullest extent permitted by law, each of the Borrowers and the other Loan Parties hereby waives and releases any claims that it may
have against the Administrative Agent, the Arrangers and the Lenders with respect to any breach or alleged breach of agency or
fiduciary duty in connection with any aspect of any transaction contemplated hereby.

 

10.17       
Electronic Execution; Electronic Records; Counterparts. This Agreement, any Loan Document and any other Communication, including
Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures.
Each of the Loan Parties and each of the Administrative Agent and each Lender Party agrees that any Electronic Signature on or associated
with any Communication shall be valid and binding on such Person to the same extent as a manual, original signature, and that any Communication
entered into by Electronic Signature, will constitute the legal, valid and binding obligation of such Person enforceable against such
Person in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered.  
Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts,
but all such counterparts are one and the same Communication.  For the avoidance of doubt, the authorization under this paragraph
may include, without limitation, use or acceptance of a manually signed paper Communication which has been converted into electronic form
(such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery
and/or retention. The Administrative Agent and each of the Lender Parties may, at its option, create one or more copies of any Communication
in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course
of such Person’s business, and destroy the original paper document.  All Communications in the form of an Electronic Record,
including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability
as a paper record. Notwithstanding anything contained herein to the contrary, neither the Administrative Agent, L/C Issuer nor Swing Line
Lender is under any obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by such Person
pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative
Agent, L/C Issuer and/or Swing Line Lender has agreed to accept such Electronic Signature, the Administrative Agent and each of the Lender
Parties shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party and/or any Lender
Party without further verification and (b) upon the request of the Administrative Agent or any Lender Party, any Electronic Signature
shall be promptly followed by such manually executed counterpart. 

 

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Neither the Administrative
Agent, L/C Issuer nor Swing Line Lender shall be responsible for or have any duty to ascertain or inquire into the sufficiency, validity,
enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document (including, for the avoidance
of doubt, in connection with the Administrative Agent’s, L/C Issuer’s or Swing Line Lender’s reliance on any Electronic
Signature transmitted by telecopy, emailed .pdf or any other electronic means). The Administrative Agent, L/C Issuer and Swing Line Lender
shall be entitled to rely on, and shall incur no liability under or in respect of this Agreement or any other Loan Document by acting
upon, any Communication (which writing may be a fax, any electronic message, Internet or intranet website posting or other distribution
or signed using an Electronic Signature) or any statement made to it orally or by telephone and believed by it to be genuine and signed
or sent or otherwise authenticated (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being
the maker thereof).

 

Each of the Loan Parties and
each Lender Party hereby waives (i) any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement,
any other Loan Document based solely on the lack of paper original copies of this Agreement, such other Loan Document, and (ii) waives
any claim against the Administrative Agent, each Lender Party and each Related Party for any liabilities arising solely from the Administrative
Agent’s and/or any Lender Party’s reliance on or use of Electronic Signatures, including any liabilities arising as a result
of the failure of the Loan Parties to use any available security measures in connection with the execution, delivery or transmission of
any Electronic Signature.

 

10.18       
USA PATRIOT Act Notice. Each Lender that is subject to the USA PATRIOT Act and the Administrative Agent (for itself and not
on behalf of any Lender) hereby notifies the Borrowers that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain,
verify and record information that identifies the Borrowers, which information includes the name and address of each Borrower and other
information that will allow such Lender or the Administrative Agent, as applicable, to identify such Borrower in accordance with the USA
PATRIOT Act. Each Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and
other information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable
 “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act.

 

10.19       
Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder
or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with
normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding
that on which final judgment is given. The obligation of each Borrower in respect of any such sum due from it to the Administrative Agent
or any Lender hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”)
other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement
Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such
Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or such Lender, as the
case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount
of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent or any Lender from any Borrower
in the Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative
Agent or such Lender, as the case may be, against such loss. If the amount of the Agreement Currency so purchased is greater than the
sum originally due to the Administrative Agent or any Lender in such currency, the Administrative Agent or such Lender, as the case may
be, agrees to return the amount of any excess to such Borrower (or to any other Person who may be entitled thereto under applicable law).

 

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10.20       
 Acknowledgment and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any
Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any
liability of any Lender or L/C Issuer that is an Affected Financial Institution arising under any Loan Document, to the extent such liability
is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to,
and acknowledges and agrees to be bound by:

 

(a)       
the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any Lender or L/C Issuer that is an Affected Financial Institution; and

 

(b)       
the effects of any Bail-In Action on any such liability, including, if applicable:

 

(i)         
a reduction in full or in part or cancellation of any such liability;

 

(ii)        
a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments
of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document;
or

 

(iii)       
the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable
Resolution Authority.

 

10.21       
Release of Certain of Foreign Subsidiaries’ Obligations. Each of the parties hereto hereby agrees that, simultaneously
with the effectiveness of this Agreement, (a) that certain Subsidiary Guaranty Agreement dated as of May 7, 2013 among the Specified Entities
(as defined below) and the Administrative Agent is terminated in its entirety, (b) each Specified Entity is released from each Security
Instrument (as defined in the Existing Credit Agreement) to which it is a party and all of its obligations thereunder and (c) the lien
and security interest granted by each Specified Entity to the Administrative Agent pursuant to each such Security Instrument shall automatically
be released without any further action by the Administrative Agent. As used herein, “Specified Entities” means, collectively,
the entities set forth in the table below.

 

	Name	Entity Type / Jurisdiction
	BPR Inc.	corporation under laws of Quebec, Canada
	BPR-Énergie Inc.	corporation under laws of Quebec, Canada
	BPR-Infrastructure Inc.	corporation under laws of Quebec, Canada
	Parkland Pipeline Equipment Ltd.	corporation under laws of Alberta, Canada
	Tetra Tech Canada Inc.	corporation under federal laws of Canada
	Tetra Tech IN Inc.	corporation under laws of Quebec, Canada
	Tetra Tech QC Inc.	corporation under laws of Quebec, Canada
	Tetra Tech QE Inc.	corporation under laws of Quebec, Canada
	Tetra Tech QI Inc.	corporation under laws of Quebec, Canada
	Tetra Tech Coffey Holding Pty Limited	corporation under laws of Australia

 

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

 

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

 

(b)       
As used in this Section 10.22, the following terms have the following meanings:

 

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

 

“Covered
Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance
with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12
C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R.
 § 382.2(b).

 

“Default
Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81,
47.2 or 382.1, as applicable.

 

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

 

[Signature pages intentionally deleted.]

 

    135Document

    

SECURITIES PURCHASE AGREEMENT

This Securities Purchase Agreement (this “Agreement”) is dated as of February18, 2022, between HeartBeam, Inc., a Delaware corporation (the “Company”), and the purchaser identified on the signature page hereto (“Purchaser”).

WHEREAS, subject to the terms and conditions set forth in this Agreement and pursuant to an exemption from the registration requirements of Section 5 of the Securities Act contained in Section 4(a)(2) thereof and/or Rule 506(b) thereunder, the Company desires to issue and sell to the Purchaser, and the Purchaser desires to purchase from the Company, securities of the Company as more fully described in this Agreement.

NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the Company and each Purchaser agree as follows:

ARTICLE 1.
DEFINITIONS

1.1.Definitions. For the purposes of this Agreement, the following words and phrases have the meanings set forth in this Section 1.1:
“Acquiring Person” shall have the meaning ascribed to such term in Section 4.5.

“Action” shall have the meaning ascribed to such term in Section 3.1(j).

“Affiliate” means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person as such terms are used in and construed under Rule 405 under the Securities Act.

“Agreement” shall have the meaning ascribed to such term in the preamble.

“BHCA” shall have the meaning ascribed to such term in Section 3.1(nn).

“Board of Directors” means the board of directors of the Company.

“Charter” means the Certificate of Incorporation of the Company.

“Closing” shall have the meaning ascribed to such term in Section 2.2.

“Closing Date” means the Trading Day on which all of the Transaction Documents have been executed and delivered by the applicable parties thereto, and all conditions precedent to (i) the Purchasers’ obligations to pay the Subscription Amount and (ii) the Company’s obligations to deliver the Securities to be issued and sold, in each case, have been satisfied or waived, but in no event later than the second Trading Day following the date hereof.

“Common Stock” means the common stock of the Company, par value $0.0001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed.

“Common Stock Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire Common Stock at any time, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time 

convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

“Company” shall have the meaning ascribed to such term in the preamble.

“Consent” shall have the meaning ascribed to such term in Section 4.6.

“Disqualification Event” shall have the meaning ascribed to such term in Section 3.1(jj).

“DTC” shall have the meaning ascribed to such term in Section 3.1(w).

“Effective Date” shall have the meaning ascribed to such term in Section 4.1(c).

“Environmental Laws” shall have the meaning ascribed to such term in Section 3.1(m).

“Evaluation Date” shall have the meaning ascribed to such term in Section 3.1(s).

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

“FCPA” means the Foreign Corrupt Practices Act of 1977, as amended.

“Federal Reserve” shall have the meaning ascribed to such term in Section 3.1(nn).

“GAAP” shall have the meaning ascribed to such term in Section 3.1(h).
 
“Hazardous Materials” shall have the meaning ascribed to such term in Section 3.1(m).
 
“Indebtedness” shall have the meaning ascribed to such term in Section 3.1(aa).
 
“Intellectual Property” means all of the following in any jurisdiction throughout the world: (a) all inventions (whether patentable or unpatentable and whether or not reduced to practice), all improvements thereto, and all U.S. and foreign patents, patent applications, and patent disclosures, together with all reissuances, continuations, continuations-in-part, revisions, extensions, and reexaminations thereof, (b) all trademarks, service marks, brand names, certification marks, trade dress, logos, trade names, domain names, assumed names and corporate names, together with all colorable imitations thereof, and including all goodwill associated therewith, and all applications, registrations, and renewals in connection therewith, (c) all copyrights, and all applications, registrations, and renewals in connection therewith, (d) all trade secrets under applicable state laws and the common law and know-how (including formulas, techniques, technical data, designs, drawings, specifications, customer and supplier lists, pricing and cost information, and business and marketing plans and proposals), (e) all computer software (including source code, object code, diagrams, data and related documentation), and (f) all copies and tangible embodiments of the foregoing (in whatever form or medium).
 
“Issuer Covered Person” and “Issuer Covered Persons” shall have the meanings ascribed to such terms in Section 3.1(jj).
 
“Laws” means any U.S. federal, state, local, foreign or other laws, rules regulations, guidelines, orders, injunctions, building and other codes, ordinances, permits, licenses, authorizations, judgements, decrees of federal, state, local, foreign or other authorities, and all orders, writs, decrees and consents of any governmental or political subdivision or agency 
2

thereof, or any court of similar tribunal established by any such governmental or political subdivision or agency thereof.
 
“Legend Removal Date” shall have the meaning ascribed to such term in Section 4.1(c).

“Liens” means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.
 
“Material Adverse Effect” shall have the meaning assigned to such term in Section 3.1(b).
 
“Material Permits” shall have the meaning ascribed to such term in Section 3.1(n).

“Money Laundering Laws” shall have the meaning ascribed to such term in Section 3.1(oo).

“OFAC” shall have the meaning ascribed to such term in Section 3.1(ll).

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

“Proceeding” means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding, such as a deposition), whether pending or to the Company’s knowledge, threatened in writing against or affecting the Company,  or any of its properties before any court, arbitrator, governmental or administrative agency or regulatory authority.

“Public Information Failure” shall have the meaning ascribed to such term in Section 4.2(b).

“Purchase Price” shall have the meaning ascribed to such term in Section 2.1(b)

“Purchaser” shall have the meanings ascribed thereto in the preamble.

“Purchaser Party” shall have the meaning ascribed to such term in Section 4.8. 

“Regulation FD” means Regulation FD promulgated by the SEC pursuant to the Exchange Act, as such Regulation may be amended or interpreted from time to time, or any similar rule or regulation hereafter adopted by the SEC having substantially the same purpose and effect as such Regulation.
 
“Required Approvals” shall have the meaning ascribed to such term in Section 3.1(e).
 
“Rule 144” means Rule 144 promulgated by the SEC pursuant to the Securities Act, as such Rule may be amended or interpreted from time to time, or any similar rule or regulation hereafter adopted by the SEC (or similar United States law) having substantially the same purpose and effect as such Rule.
 
“SEC” means the United States Securities and Exchange Commission.
 
“SEC Reports” shall have the meaning ascribed to such term in Section 3.1(h).
 
“Securities” shall have the meaning ascribed to such term in Section 2.1(b).
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“Securities Act” means the Securities Act of 1933, and the rules and regulations promulgated thereunder.
 
“Warrants” shall have the meaning ascribed to such term in Section 2.1(a)

“Short Sales” means all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act (but shall not be deemed to include the location and/or reservation of borrowable shares of Common Stock).
 
“Subscription Amount” means, as to the Purchaser, the aggregate amount to be paid for the Units purchased hereunder as specified below the Purchaser’s name on the signature page of this Agreement and next to the heading.
 
“Subsidiary” means with respect to any entity at any date, any direct or indirect corporation, limited or general partnership, limited liability company, trust, estate, association, joint venture or other business entity of which (a) more than 50% of (i) the outstanding capital stock having (in the absence of contingencies) ordinary voting power to elect a majority of the board of directors or other managing body of such entity, (ii) in the case of a partnership or limited liability company, the interest in the capital or profits of such partnership or limited liability company or (iii) in the case of a trust, estate, association, joint venture or other entity, the beneficial interest in such trust, estate, association or other entity business is, at the time of determination, owned or controlled directly or indirectly through one or more intermediaries, by such entity, or (b) is under the actual control of the Company.
 
“Trading Day” means a day on which the principal Trading Market is open for trading.
 
“Trading Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, the NYSE American, the OTCQB, the OTCQX, or the OTC Pink Marketplace (or any successors to any of the foregoing).
 
“Transaction Documents” means this Agreement, the Common Shares, the Warrants, all schedules and exhibits thereto and hereto and any other documents or agreements executed in connection with the transactions contemplated hereunder.
 
 
“Units” shall have the meaning ascribed to such term in Section 2.1(b).

 “Warrants” shall have the meaning ascribed to such term in Section 2.1(b).
 
“Warrant Exercise Price” means $6.00 per share for the Warrants. 
 
“Warrant Shares” means the shares of Common Stock issuable upon exercise of the Warrants at the Warrant Exercise Price.

4

ARTICLE 2. 
PURCHASE AND SALE

2.1.Sale and Issuance of Units. 
(a)Subject to the terms and conditions of this Agreement, the Purchaser agrees to purchase at the Closing (as defined below) and the Company agrees to sell and issue to the Purchaser at the  Closing that number of Units (the “Units”) set forth on the signature page,  each Unit consisting of (i) one share of Common Stock, $0.0001 par value per share (the “Common Shares”), (ii)  a warrant to purchase one share of Common Stock, at an exercise price of $6.00 per share (the “Warrants”) in the form of warrant attached hereto as Exhibit A, as set forth on such Purchaser’s signature page hereto, at a purchase price of $6.00 per Unit (the “Purchase Price”). The Common Shares and the Warrants will be separated immediate upon issuance. The Units, the Common Shares, and the Warrants issued or issuable to the Purchasers pursuant to this Agreement shall be referred to in this Agreement as the “Securities.”
2.2.Closing. The initial purchase and sale of the Securities shall take place remotely via the exchange of documents and signatures, 12:00 p.m., on January [  ], 2022, or at such other time and place as the Company and the Purchaser mutually agree upon, orally or in writing (which time and place are designated as the “Closing”). 
2.3.Deliveries.
(a)On or prior to the Closing, the Company shall deliver or cause to be delivered to the Purchaser the following:
(i)this Agreement duly executed by the Company;
(ii)executed Warrants, exercisable at the Warrant Exercise Price, registered in the name of the Purchaser;
(iii)board resolutions approving the Units, the Common Shares and the Warrants, and the execution of the Transaction Documents on behalf of the Company.
(iv)the Purchaser’s Subscription Amount by wire transfer to the Company. 
2.4.Closing Conditions.
(a)The obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:
(i)the accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse Effect, in all respects) on the Closing Date of the representations and warranties of the  Purchaser contained herein (unless as of a specific date therein in which case they shall be accurate as of such date);
(ii)all obligations, covenants and agreements of the Purchaser required to be performed at or prior to the Closing Date shall have been performed; and
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(iii)the delivery by the Purchaser of the items set forth in Section 2.3(b) of this Agreement.
(b)The respective obligations of the Purchaser hereunder in connection with the Closing are subject to the following conditions being met:
(i)the accuracy in all respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse Effect, in all respects) when made and on the Closing Date of the representations and warranties of the Company contained herein (unless as of a specific date therein);
(ii)all obligations, covenants and agreements of the Company required to be performed at or prior to the Closing Date shall have been performed;
(iii)the delivery by the Company of the items set forth in Section 2.3(a) of this Agreement;
(iv)there shall have been no Material Adverse Effect with respect to the Company since the date hereof;
(v)from the date hereof to the Closing Date trading in the Common Stock shall not have been suspended by the SEC or the Company’s principal Trading Market, and, at any time prior to the Closing Date, trading in securities generally as reported by Bloomberg L.P. shall not have been suspended or limited, or minimum prices shall not have been established on securities whose trades are reported by such service, or on any Trading Market, nor shall a banking moratorium have been declared either by the United States or New York State authorities nor shall there have occurred any material outbreak or escalation of hostilities or other national or international calamity of such magnitude in its effect on, or any material adverse change in, any financial market which, in each case, in the reasonable judgment of such Purchaser, makes it impracticable or inadvisable to purchase the Securities at the Closing.
ARTICLE 3.
REPRESENTATIONS AND WARRANTIES
3.1. Representations and Warranties of the Company. The Company hereby represents and warrants to the Purchaser that, except as set forth in this this Agreement, which exceptions shall be deemed to be part of the representations and warranties made hereunder, the following representations are true and complete as of the date of the Closing, except as otherwise indicated. 
(a)Subsidiaries. The Company does not have any direct or indirect Subsidiaries. All other references to the Subsidiaries or any of them in the Transaction Documents shall be disregarded.
(b)Organization and Qualification. The Company is an entity duly incorporated or otherwise organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite power and authority to own and use its properties and assets and to carry on its business as currently conducted. The Company is not in violation nor default of any of the provisions of its respective Charter, bylaws or other organizational or charter documents. The Company is duly qualified to conduct business and is in good standing as a foreign corporation or other entity in each jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, except where the failure to be so 
6

qualified or in good standing, as the case may be, could not have or reasonably be expected to result in: (i) a material adverse effect on the legality, validity or enforceability of any Transaction Document, (ii) a material adverse effect on the results of operations, assets, business, prospects or condition (financial or otherwise) of the Company, taken as a whole, or (iii) a material adverse effect on the Company’s ability to perform in any material respect on a timely basis its obligations under any Transaction Document (any of (i), (ii) or (iii), a “Material Adverse Effect”) and no Proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and authority or qualification.
(c)Authorization; Enforcement. The Company has the requisite power and authority to enter into and to consummate the transactions contemplated by this Agreement and each of the other Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of this Agreement and each of the other Transaction Documents by the Company and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part of the Company and no further action is required by the Company, the Board of Directors or the Company’s shareholders in connection herewith or therewith other than in connection with the Required Approvals. Subject to obtaining the Required Approvals, this Agreement and each other Transaction Document to which it is a party has been (or upon delivery will have been) duly executed by the Company and, when delivered in accordance with the terms hereof and thereof, will constitute the valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law. 
(d)No Conflicts. The execution, delivery and performance by the Company of this Agreement and the other Transaction Documents to which it is a party, the issuance and sale of the Securities and the consummation by it of the transactions contemplated hereby and thereby do not and will not (i) subject to the Required Approvals, conflict with or violate any provision of the Company’s Charter, bylaws or other organizational or charter documents, or (ii) constitute a default (or an event that with notice or lapse of time or both would become a default) under, result in the creation of any Lien upon any of the properties or assets of the Company, or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any agreement, credit facility, debt or other instrument (evidencing a Company debt or otherwise) or other understanding to which the Company is a party or by which any property or asset of the Company is bound or affected, or (iii) subject to the Required Approvals, conflict with or result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority to which the Company is subject (including federal and state securities laws and regulations), or by which any property or asset of the Company is bound or affected; except in the case of each of clauses (ii) and (iii), such as could not have or reasonably be expected to result in a Material Adverse Effect.
(e)Filings, Consents and Approvals. The Company is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with, any court or other federal, state, local or other governmental authority or other Person in connection with the execution, delivery and performance by the Company of the Transaction Documents, other than: (i) the filings required pursuant to 
7

Section 4.4 of this Agreement, (ii) waiver in connection with the Underwriting Agreement between the Company and the Representatives dated November 10, 2021 (iii) such filings as are required to be made under applicable state or federal securities laws (collectively, the “Required Approvals”).
(f)Issuance of the Securities. The Securities are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company. The Company shall reserve from its duly authorized capital stock a number of shares of Common Stock issuable pursuant to the Warrants equal to the amount set forth in Section 4.9.
(g)Capitalization. The capitalization of the Company is as set forth on the SEC Reports. The Company has not issued any capital stock since its most recently filed periodic report under the Exchange Act, other than pursuant to the exercise of employee stock awards under the Company’s equity incentive plans, the issuance of shares of Common Stock to employees pursuant to the Company’s employee stock purchase plans, the issuance of shares of Common Stock or Common Stock Equivalents pursuant to agreements outstanding as of the date of the most recently filed periodic report under the Exchange Act and pursuant to the conversion and/or exercise of Common Stock Equivalents outstanding as of the date of the most recently filed periodic report under the Exchange Act. There are no outstanding options, warrants, scrip rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities, rights or obligations convertible into or exercisable or exchangeable for, or giving any Person any right to subscribe for or acquire, any shares of Common Stock, or contracts, commitments, understandings or arrangements by which the Company is or may become bound to issue additional shares of Common Stock or Common Stock Equivalents. The issuance and sale of the Securities will not obligate the Company to issue shares of Common Stock or other securities to any Person (other than the Purchasers) and will not result in a right of any holder of Company securities to adjust the exercise, conversion, exchange or reset price under any of such securities. There are no outstanding securities or instruments of the Company that contain any redemption or similar provisions, and there are no contracts, commitments, understandings or arrangements by which the Company is or may become bound to redeem a security of the Company. The Company does not have any stock appreciation rights or “phantom stock” plans or agreements or any similar plan or agreement. All of the outstanding shares of capital stock of the Company are duly authorized, validly issued, fully paid and nonassessable, have been issued in compliance with all federal and state securities laws, and none of such outstanding shares was issued in violation of any preemptive rights or similar rights to subscribe for or purchase securities. Except for required approvals, no further approval or authorization of any stockholder, the Board of Directors or others is required for the issuance and sale of the Securities. There are no shareholders agreements, voting agreements or other similar agreements with respect to the Company’s capital stock to which the Company is a party or, to the knowledge of the Company, between or among any of the Company’s shareholders.
(h)SEC Reports; Financial Statements. The Company has filed all reports, schedules, forms, statements and other documents required to be filed by the Company under the Securities Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, for the two years preceding the date hereof (or such shorter period as the Company was required by law or regulation to file such material) (the foregoing materials, including the exhibits thereto and documents incorporated by reference therein, being collectively referred to herein as the “SEC Reports”). As of their respective dates, the SEC Reports complied in all material respects with the requirements of the Securities 
8

Act and the Exchange Act, as applicable, and none of the SEC Reports, when filed, contained any untrue statement of a material fact or omitted 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. The financial statements of the Company included in the SEC Reports comply in all material respects with applicable accounting requirements and the rules and regulations of the SEC with respect thereto as in effect at the time of filing. Such financial statements have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis during the periods involved (“GAAP”), except as may be otherwise specified in such financial statements or the notes thereto and except that unaudited financial statements may not contain all footnotes required by GAAP, and fairly present in all material respects the financial position of the Company and its consolidated Subsidiaries as of and for the dates thereof and the results of operations and cash flows for the periods then ended, subject, in the case of unaudited statements, to normal year-end audit adjustments.
(i)Material Changes; Undisclosed Events, Liabilities or Developments. Since the date of the latest audited financial statements included within the SEC Reports, except as specifically disclosed in a subsequent SEC Report filed prior to the date hereof, (i) there has been no event, occurrence or development that has had or that could reasonably be expected to result in a Material Adverse Effect, (ii) the Company has not incurred any liabilities (contingent or otherwise) other than (A) trade payables and accrued expenses incurred in the ordinary course of business consistent with past practice, and (B) liabilities not required to be reflected in the Company’s financial statements pursuant to GAAP or disclosed in filings made with the SEC, (iii) the Company has not altered its method of accounting, (iv) the Company has not declared or made any dividend or distribution of cash or other property to its shareholders or purchased, redeemed or made any agreements to purchase or redeem any shares of its capital stock and (v) the Company has not issued any equity securities to any officer, director or Affiliate, except pursuant to existing Company equity incentive plans. The Company does not have pending before the SEC any request for confidential treatment of information. Except for the issuance of the Securities contemplated by this Agreement, no event, liability, fact, circumstance, occurrence or development has occurred or exists or is reasonably expected to occur or exist with respect to the Company or its Subsidiaries or their respective businesses, prospects, properties, operations, assets or financial condition that would be required to be disclosed by the Company under applicable securities laws at the time this representation is made or deemed made that has not been publicly disclosed at least one Trading Day prior to the date that this representation is made.
(j)Litigation. Except as set forth in the SEC Reports, there is no action, suit, notice of violation, proceeding or investigation, inquiry or other similar proceeding of any federal or state governmental authority pending or, to the knowledge of the Company, threatened against or affecting the Company, or any of its properties before or by any court, arbitrator, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) (collectively, an “Action”) which (i) adversely affects or challenges the legality, validity or enforceability of any of the Transaction Documents or the issuance of the Securities or (ii) could, if there were an unfavorable decision, have or reasonably be expected to result in a Material Adverse Effect. The Company has no reason to believe that an Action will be filed against it in the future. Neither the Company nor any director or officer thereof, is or has been the subject of any Action involving a claim of violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty. There has not been, and to the knowledge of the Company, there is not pending or contemplated, any investigation by the SEC involving the Company or any current or former director or officer of the Company. The SEC has 
9

not issued any stop order or other order suspending the effectiveness of any registration statement filed by the Company under the Exchange Act or the Securities Act, and the Company has no reason to believe it will do so in the future.
(k)Labor Relations. No labor dispute exists or, to the knowledge of the Company, is imminent with respect to any of the employees of the Company, which could reasonably be expected to result in a Material Adverse Effect. None of the Company’s employees is a member of a union that relates to such employee’s relationship with the Company , and he Company is not a party to a collective bargaining agreement, and the Company believe that their relationships with their employees are good. To the knowledge of the Company, no effort is underway to unionize or organize the employees of the Company. To the knowledge of the Company, no executive officer of the Company, is, or is now expected to be, in violation of any material term of any employment contract, confidentiality, disclosure or proprietary information agreement or non-competition agreement, or any other contract or agreement or any restrictive covenant in favor of any third party, and the continued employment of each such executive officer does not subject the Company to any liability with respect to any of the foregoing matters. The Company is in compliance with all applicable U.S. federal, state, local and foreign laws and regulations relating to employment and employment practices, terms and conditions of employment and wages and hours, except where the failure to be in compliance could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. There is no workmen’s compensation liability matter, employment-related charge, complaint, grievance, investigation, inquiry or obligation of any kind pending, or to the Company’s knowledge, threatened, relating to an alleged violation or breach by the Company of any law, regulation or contract that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has no reason to believe that any individual may commence an Action or file a claim with any governmental authority against the Company alleging sexual harassment or any type of discrimination or violation of any Laws.
(l)Compliance. The Company is not: (i) in default under or in violation of (and no event has occurred that has not been waived that, with notice or lapse of time or both, would result in a default by the Company), nor has the Company received notice of a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound (whether or not such default or violation has been waived), (ii) in violation of any judgment, decree or order of any court, arbitrator or other governmental authority or (iii) or has been in violation of any statute, rule, ordinance or regulation of any governmental authority, including without limitation all foreign, federal, state and local laws and regulations relating to taxes, healthcare laws, anti-kickback laws, securities, environmental protection, occupational health and safety, product quality and safety, transportation, and employment and labor matters, except in each case as could not have or reasonably be expected to result in a Material Adverse Effect.
(m)Environmental Laws. The Company (i) is in compliance with all federal, state, local and foreign laws relating to pollution or protection of human health or the environment (including ambient air, surface water, groundwater, land surface or subsurface strata), including laws relating to emissions, discharges, releases or threatened releases of chemicals, pollutants, contaminants, or toxic or hazardous substances or wastes (collectively, “Hazardous Materials”) into the environment, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials, as well as all authorizations, codes, decrees, demands, or demand letters, injunctions, judgments, licenses, notices or notice letters, orders, 
10

permits, plans or regulations, issued, entered, promulgated or approved thereunder (“Environmental Laws”); (ii) has received all permits licenses or other approvals required of them under applicable Environmental Laws to conduct their respective businesses; and (iii) is in compliance with all terms and conditions of any such permit, license or approval except in each case of clause (i), (ii) and (iii), the failure to so comply could be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect.
(n)Regulatory Permits. The Company and the Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and the Company has not received any notice of proceedings relating to the revocation or modification of any Material Permit.
(o)Title to Assets. The Company has good and marketable title in fee simple to all real property owned by them and good and marketable title in all personal property owned by them that is material to the business of the Company, in each case free and clear of all Liens, except for (i) Liens as do not materially affect the value of such property and do not materially interfere with the use made and proposed to be made of such property by the Company, and (ii) Liens for the payment of federal, state or other taxes, for which appropriate reserves have been made therefor in accordance with GAAP and, the payment of which is neither delinquent nor subject to penalties. Any real property and facilities held under lease by the Company are held by them under valid, subsisting and enforceable leases with which the Company are in compliance, except where the failure to so comply would not be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect.
(p)Intellectual Property.
(i)The Company owns or possesses or has the right to use pursuant to a valid and enforceable written license, sublicense, agreement, or permission all Intellectual Property necessary for the operation of the business of the Company as presently conducted, except in each case as could not have or reasonably be expected to result in a Material Adverse Effect.
(ii)The Company has no knowledge that the Intellectual Property interferes with, infringe upon, misappropriate, or otherwise come into conflict with, any Intellectual Property rights of third parties, and the Company has no knowledge that facts exist which indicate a likelihood of the foregoing. The Company has not received any charge, complaint, claim, demand, or notice alleging any such interference, infringement, misappropriation, or conflict (including any claim that the Company must license or refrain from using any Intellectual Property rights of any third party). To the knowledge of the Company, no third party has interfered with, infringed upon, misappropriated, or otherwise come into conflict with, any Intellectual Property rights of the Company, except in each case as could not have or reasonably be expected to result in a Material Adverse Effect.
(q)Insurance. The Company is insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company is engaged. The Company does not have any reason to believe that it will not be able to renew its existing insurance coverage 
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as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.
(r)Transactions With Affiliates and Employees. Except as disclosed in the SEC Reports, none of the officers, directors or Affiliates of the Company and, to the knowledge of the Company, none of the employees of the Company is presently a party to any transaction with the Company (other than for services as employees, officers and directors), including any contract, agreement or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or from, providing for the borrowing of money from or lending of money to or otherwise requiring payments to or from any officer, director, Affiliate or such employee or, to the knowledge of the Company, any entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee, stockholder, member or partner, in each case in excess of $120,000 other than for (i) payment of salary or consulting fees for services rendered, (ii) reimbursement for expenses incurred on behalf of the Company and (iii) other employee benefits, including stock award agreements under any equity incentive plan of the Company.
(s)Sarbanes-Oxley; Internal Accounting Controls. The Company is in compliance with any and all applicable requirements of the Sarbanes-Oxley Act of 2002 that are effective as of the date hereof, and any and all applicable rules and regulations promulgated by the SEC thereunder that are effective as of the date hereof and as of the Closing. The Company maintains a system of internal accounting controls as set forth in the SEC Reports. The Company’s certifying officers have evaluated the effectiveness of the disclosure controls and procedures of the Company as of the end of the period covered by the most recently filed periodic report under the Exchange Act (such date, the “Evaluation Date”). The Company presented in its most recently filed periodic report under the Exchange Act the conclusions of the certifying officers about the effectiveness of the disclosure controls and procedures based on their evaluations as of the Evaluation Date. Since the Evaluation Date, there have been no changes in the internal control over financial reporting (as such term is defined in the Exchange Act) of the Company that have materially affected, or is reasonably likely to materially affect, the internal control over financial reporting of the Company and its Subsidiaries.
(t)Certain Fees. No brokerage or finder’s fees or commissions are or will be payable by the Company to any broker, financial advisor or consultant, finder, placement agent, investment banker, bank or other Person with respect to the transactions contemplated by the Transaction Documents. The Purchasers shall have no obligation with respect to any fees or with respect to any claims made by or on behalf of other Persons for fees of a type contemplated in this Section 3.1(t) that may be due in connection with the transactions contemplated by the Transaction Documents.
(u)Investment Company. The Company is not, and is not an Affiliate of, and immediately after receipt of payment for the Securities, will not be or be an Affiliate of, an “investment company” within the meaning of the Investment Company Act of 1940, as amended. The Company shall conduct its business in a manner so that it will not become an “investment company” subject to registration under the Investment Company Act of 1940, as amended.
(v)Registration Rights. Other than as set forth in the SEC Reports, no Person has any right to cause the Company to effect the registration under the Securities Act of any securities of the Company. The Company shall not file any other resale registration statement prior to filing the registration statement required hereunder.
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(w)Listing and Maintenance Requirements. The Common Stock is registered pursuant to Section 12(b) or 12(g) of the Exchange Act, and the Company has taken no action designed to, or which to its knowledge is likely to have the effect of, terminating the registration of the Common Stock under the Exchange Act nor has the Company received any notification that the SEC is contemplating terminating such registration. The Company has not, in the 12 months preceding the date hereof, received notice from any Trading Market on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing or maintenance requirements of such Trading Market. The Company is, and has no reason to believe that it will not in the foreseeable future continue to be, in compliance with all such listing and maintenance requirements. The Common Stock is currently eligible for electronic transfer through the Depository Trust Company (“DTC”) or another established clearing corporation and the Company is current in payment of the fees to the DTC (or such other established clearing corporation) in connection with such electronic transfer. The Company is not subject to any “chill” issued by the DTC.
(x)Application of Takeover Protections. The Company and the Board of Directors have taken all necessary action, if any, in order to render inapplicable any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other similar anti-takeover provision under the Company’s Charter (or similar charter documents) or the Laws of its state of incorporation that is or could become applicable to the Purchaser as a result of the Purchaser and the Company fulfilling their obligations or exercising their rights under the Transaction Documents, including without limitation as a result of the Company’s issuance of the Securities and the Purchaser’s ownership of the Securities.
(y)Disclosure. Except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents, the Company confirms that neither it nor any other Person acting on its behalf has provided any of the Purchasers or their agents or counsel with any information that it believes constitutes or might constitute material, non-public information which is not otherwise disclosed in the SEC Reports. The Company understands and confirms that the Purchasers will rely on the foregoing representation in effecting transactions in securities of the Company. All of the disclosure furnished by or on behalf of the Company to the Purchasers regarding the Company and its Subsidiaries, their respective businesses and the transactions contemplated hereby, , is true and correct and does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. The press releases disseminated by the Company during the 12 months preceding the date of this Agreement do not 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 light of the circumstances under which they were made and when made, not misleading. The Company acknowledges and agrees that no Purchaser makes or has made any representations or warranties with respect to the transactions contemplated hereby other than those specifically set forth in Section 3.2 hereof.
(z)No Integrated Offering. Assuming the accuracy of the Purchaser’s representations and warranties set forth in Section 3.2, neither the Company, nor any of its Affiliates, nor any Person acting on its or their behalf has, directly or indirectly, made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would cause this offering of the Securities to be integrated with prior offerings by the Company for purposes of any applicable shareholder approval provisions of any Trading Market on which any of the securities of the Company are listed or designated.
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(aa)Indebtedness. The Company has no knowledge of any facts or circumstances which lead it to believe that it will file for reorganization or liquidation under the bankruptcy or reorganization laws of any jurisdiction within one year from the Closing Date. The SEC reports set forth as of the time of such filing all outstanding Indebtedness of the Company. For the purposes of this Agreement, “Indebtedness” means (x) any liabilities for borrowed money or amounts owed in excess of $100,000 (other than trade accounts payable incurred in the ordinary course of business), (y) all guaranties, endorsements and other contingent obligations in respect of indebtedness of others, whether or not the same are or should be reflected in the Company’s consolidated balance sheet (or the notes thereto), except guaranties by endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business; and (z) the present value of any lease payments in excess of $100,000 due under leases required to be capitalized in accordance with GAAP. The Company is not in default with respect to any Indebtedness.
(ab)Tax Status. Except for matters that would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect, the Company (i) has made or filed all United States federal, state and local income and all foreign income and franchise tax returns, reports and declarations required by any jurisdiction to which it is subject, (ii) has paid all taxes and other governmental assessments and charges that are material in amount, shown or determined to be due on such returns, reports and declarations and (iii) has set aside on its books provision reasonably adequate for the payment of all material taxes for periods subsequent to the periods to which such returns, reports or declarations apply. There are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction, and the officers of the Company know of no basis for any such claim.
(ac)Foreign Corrupt Practices. Neither the Company, nor to the knowledge of the Company or any Subsidiary, any agent or other person acting on behalf of the Company, has (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses related to foreign or domestic political activity, (ii) made any unlawful payment to foreign or domestic government officials or employees or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully any contribution made by the Company (or made by any person acting on its behalf of which the Company is aware) which is in violation of Law, or (iv) violated any provision of FCPA.
(ad)Accountants. The Company’s accounting firm is set forth in the SEC Reports. To the knowledge and belief of the Company, such accounting firm is a registered public accounting firm as required by the Exchange Act.
(ae)Acknowledgment Regarding Purchasers’ Purchase of Securities. The Company acknowledges and agrees that the Purchaser is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated thereby. The Company further acknowledges that the Purchaser is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by the Purchaser or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchaser’s’purchase of the Securities. The Company further represents to the Purchaser that the Company’s decision to enter into this Agreement and the other Transaction Documents has been based solely on the independent evaluation of the transactions contemplated hereby by the Company and its representatives.
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(af)Acknowledgement Regarding Purchaser’s Trading Activity. Notwithstanding anything in this Agreement or elsewhere to the contrary (except for Sections 3.2(f) and 4.11 hereof), it is understood and acknowledged by the Company that: (i) the Purchaser has not been asked by the Company to agree, nor has the Purchaser agreed, to desist from purchasing or selling, long and/or short, securities of the Company, or “derivative” securities based on securities issued by the Company or to hold the Securities for any specified term; (ii) past or future open market or other transactions by any Purchaser, specifically including, without limitation, Short Sales or “derivative” transactions, before or after the closing of this or future private placement transactions, may negatively impact the market price of the Company’s publicly-traded securities; (iii) any Purchaser, and counter-parties in “derivative” transactions to which any such Purchaser is a party, directly or indirectly, presently may have a “short” position in the Common Stock, and (iv) the Purchaser shall not be deemed to have any affiliation with or control over any arm’s length counter-party in any “derivative” transaction. The Company further understands and acknowledges that (y) the Purchaser may engage in hedging activities at various times during the period that the Securities are outstanding, and (z) such hedging activities (if any) could reduce the value of the existing shareholders’ equity interests in the Company at and after the time that the hedging activities are being conducted. The Company acknowledges that such aforementioned hedging activities do not constitute a breach of any of the Transaction Documents.
(ag)Regulation M Compliance. The Company has not, and to its knowledge no one acting on its behalf has, (i) taken, directly or indirectly, any action designed to cause or to result in the stabilization or manipulation of the price of the Common Stock to facilitate the sale of the Securities, or (ii) paid or agreed to pay to any Person any compensation for soliciting another to purchase the Securities or any other securities of the Company.
(ah)Private Placement. Assuming the accuracy of the Purchaser’s representations and warranties set forth in Section 3.2, no registration under the Securities Act is required for the offer and sale of the Securities by the Company to the Purchasers as contemplated hereby.
(ai)No General Solicitation. Neither the Company nor any person acting on behalf of the Company has offered or sold any of the Securities by any form of general solicitation or general advertising. The Company has offered the Securities for sale only to the Purchasers and certain other “accredited investors” within the meaning of Rule 501 under the Securities Act.
(aj)No Disqualification Events. With respect to the Securities to be offered and sold hereunder in reliance on Rule 506(b) under the Securities Act, none of the Company, any of its predecessors, any affiliated issuer, any director, executive officer, other officer of the Company participating in the offering hereunder, any beneficial owner of 20% or more of the Company’s outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under the Securities Act) connected with the Company in any capacity at the time of sale, nor any Person, including a placement agent, who will receive a commission or fees for soliciting purchasers (each, an “Issuer Covered Person” and, together, “Issuer Covered Persons”) is subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification Event”), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Company has exercised reasonable care to determine whether any Issuer Covered Person is subject to a Disqualification Event. The Company has complied, to the extent applicable, with its 
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disclosure obligations under Rule 506(e), and has furnished to the Purchasers a copy of any disclosures provided thereunder.
(ak)Notice of Disqualification Events. The Company will notify the Purchaser in writing, prior to the Closing Date of (i) any Disqualification Event relating to any Issuer Covered Person and (ii) any event that would, with the passage of time, reasonably be expected to become a Disqualification Event relating to any Issuer Covered Person, in each case of which it is aware.
(al)Office of Foreign Assets Control. Neither the Company nor, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”).
(am)U.S. Real Property Holding Corporation. The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.
(an)Bank Holding Company Act. Neither the Company nor any of its Affiliates is subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”) and to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve”). Neither the Company nor any of its Affiliates owns or controls, directly or indirectly, 5% or more of the outstanding shares of any class of voting securities or twenty-five percent or more of the total equity of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve. Neither the Company nor any of its Affiliates exercises a controlling influence over the management or policies of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve.
(ao)Money Laundering. The operations of the Company and its Subsidiaries are and have been conducted at all times in compliance with applicable financial record-keeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, applicable money laundering statutes and applicable rules and regulations thereunder (collectively, the “Money Laundering Laws”), and no Action by or before any court or governmental agency, authority or body or any arbitrator involving the Company with respect to the Money Laundering Laws is pending or, to the knowledge of the Company, threatened.
(ap)Shell Company Status. The Company is not, and has not been for a period of at least one year from the date hereof, an issuer identified in Rule 144(i)(1) of the Securities Act. The Company has filed current “Form 10 information” (as defined in Rule 144(i)(3)) with the SEC reflecting its status as an entity that was no longer an issuer described in Rule 144(i)(1)(i) more than one year ago from the date hereof.  The Company shall provide a legal opinion of counsel to the Company in a form reasonably acceptable to the Purchaser with respect to this representation.  
3.2.Representations and Warranties of the Purchaser. The Purchaser, hereby represents and warrants to the Company as follows which representations and warranties shall be true and correct as of the date hereof and as of the Closing Date:
(a)Organization; Authority. The Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability company or similar power and authority to enter into and to consummate 
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the transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of this Agreement and performance by the Purchaser of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate, partnership, limited liability company or similar action, as applicable, on the part of such Purchaser. Each Transaction Document to which it is a party has been duly executed by the Purchaser, and when delivered by the Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation of the Purchaser, enforceable against it in accordance with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.
(b)Understandings or Arrangements. The Purchaser is acquiring the Securities as principal for its own account and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding the distribution of such Securities (this representation and warranty not limiting The Purchaser’s right to sell the Securities in compliance with applicable federal and state securities laws). The Purchaser is acquiring the Securities hereunder in the ordinary course of its business. The Purchaser understands that the Securities are “restricted securities” and have not been registered under the Securities Act or any applicable state securities law and is acquiring such Securities as principal for its own account and not with a view to or for distributing or reselling such Securities or any part thereof in violation of the Securities Act or any applicable state securities law, has no present intention of distributing any of such Securities in violation of the Securities Act or any applicable state securities law and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding the distribution of such Securities in violation of the Securities Act or any applicable state securities law (this representation and warranty not limiting such Purchaser’s right to sell such Securities in compliance with applicable federal and state securities laws).
(c)Purchaser Status. At the time the Purchaser was offered the Securities, it was, and as of the date hereof it is, an accredited investor within the meaning of Rule 501 under the Securities Act. No Purchaser is subject to any Disqualification Event, except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3).
(d)Experience of The Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.
(e)Access to Information. The Purchaser acknowledges that it has had the opportunity to review the Transaction Documents (including all exhibits and schedules thereto) and the SEC Reports and has been afforded, subject to Regulation FD, (i) the opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of the offering of the Securities and the merits and risks of investing in the Securities; (ii) access to information about the Company and its financial condition, results of operations, business, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii) the opportunity to obtain such additional information that the Company possesses or can acquire without unreasonable effort or expense that is 
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necessary to make an informed investment decision with respect to the investment. The Purchaser acknowledges and agrees that neither the Company nor anyone else has provided the Purchaser with any information or advice with respect to the Securities nor is such information or advice necessary or desired.
(f)Certain Transactions and Confidentiality. Other than consummating the transactions contemplated hereunder, the Purchaser has not, nor has any Person acting on behalf of or pursuant to any understanding with the Purchaser, directly or indirectly executed any purchases or sales, including Short Sales, of the securities of the Company during the period commencing as of the time that the Purchaser first received a term sheet (written or oral) from the Company or any other Person representing the Company setting forth the material terms of the transactions contemplated hereunder and ending immediately prior to the execution hereof. Notwithstanding the foregoing, in the case of a Purchaser that is a multi-managed investment vehicle whereby separate portfolio managers manage separate portions of such Purchaser’s assets and the portfolio managers have no direct knowledge of the investment decisions made by the portfolio managers managing other portions of such Purchaser’s assets, the representation set forth above shall only apply with respect to the portion of assets managed by the portfolio manager that made the investment decision to purchase the Securities covered by this Agreement. Other than to other Persons party to this Agreement or to such Purchaser’s representatives, including, without limitation, its officers, directors, partners, legal and other advisors, employees, agents and Affiliates, such Purchaser has maintained the confidentiality of all disclosures made to it in connection with this transaction (including the existence and terms of this transaction). Notwithstanding the foregoing, for avoidance of doubt, nothing contained herein shall constitute a representation or warranty, or preclude any actions, with respect to the identification of the availability of, or securing of, available shares to borrow in order to effect Short Sales or similar transactions in the future. 
The Company acknowledges and agrees that the representations contained in this Section 3.2 shall not modify, amend or affect the Purchaser’s right to rely on the Company’s representations and warranties contained in this Agreement or any representations and warranties contained in any other Transaction Document or any other document or instrument executed and/or delivered in connection with this Agreement or the consummation of the transaction contemplated hereby.
   
 
ARTICLE 4.
OTHER AGREEMENTS OF THE PARTIES

4.1.Removal of Legends.
(a)The Common Shares, the Warrants and Warrant Shares may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of the Common Shares, Warrants or Warrant Shares other than pursuant to an effective registration statement or Rule 144, to the Company or to an Affiliate of a Purchaser or in connection with a pledge as contemplated in Section 4.1(b), the Company may require the transferor to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company at the cost of the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Common Shares, Warrants or Warrant Shares under the Securities Act.
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(b)Each Purchaser agrees to the imprinting, so long as is required by this Section 4.1, of a legend on any of the Common Shares, the Warrants or Warrant Shares in substantially the following form:
NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a) UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY SUCH SECURITIES.
  
The Company acknowledges and agrees that a Purchaser may from time to time pledge pursuant to a bona fide margin agreement with a registered broker-dealer or grant a security interest in some or all of the Common  Shares, a Warrant,  or Warrant Shares to a financial institution that is an “accredited investor” as defined in Rule 501(a) under the Securities Act and who agrees to be bound by the provisions of this Agreement and, if required under the terms of such arrangement, such Purchaser may transfer pledged or secured Common Shares, a Warrant, or Warrant Shares to the pledgees or secured parties. Such a pledge or transfer would not be subject to approval of the Company and no legal opinion of legal counsel of the pledgee, secured party or pledgor shall be required in connection therewith. Further, no notice shall be required of such pledge. At the appropriate Purchaser’s expense, the Company will execute and deliver such reasonable documentation as a pledgee or secured party of Common Shares, a Warrant, and Warrant Shares may reasonably request in connection with a pledge or transfer of the Common Shares, a Warrant,  or Warrant Shares.
 
(c)Certificates evidencing the Common Shares and the Warrant Shares shall not contain any legend (including the legend set forth in Section 4.1(b) hereof): (i) while a registration statement covering the resale of such securities is effective under the Securities Act (the “Effective Date”), (ii) following any sale of such Common Shares or Warrant Shares pursuant to Rule 144, (iii) if such Common Shares  or Warrant Shares are eligible for sale under Rule 144, without the requirement for the Company to be in compliance with the current public information required under Rule 144 as to such Common Shares,  or Warrant Shares and without volume or manner-of-sale restrictions or (iv) if such legend is not required under applicable requirements of the Securities Act (including Sections 4(a)(1) and 4(a)(7) judicial interpretations and pronouncements issued by the staff of the SEC). If a Warrant is exercised at a time when there is an effective registration statement to cover the resale of  the Warrant Shares, or if such  Warrant Shares may be sold under Rule 144 and the Company is then in compliance with the current public information required under Rule 144,  or Warrant Shares may be sold under Rule 144 without the requirement for the Company to be in compliance with the current public information required under Rule 144 as to such  Warrant Shares and without volume or manner-of-sale restrictions or if such legend is not otherwise required under applicable requirements of the Securities Act (including Sections 4(a)(1) and 
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4(a)(7), judicial interpretations and pronouncements issued by the staff of the SEC) then such Warrant Shares shall be issued or reissued free of all legends. The Company agrees that following the effective date of any registration statement or at such time as such legend is no longer required under this Section 4.1(c), it will, no later than two Trading Days following the delivery by a Purchaser to the Company of a certificate representing restricted Common Shares or Warrant Shares, as applicable, issued with a restrictive legend (such second Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Purchaser a certificate representing such Common Shares or Warrant Shares that is free from all restrictive and other legends. The Company may not make any notation on its records that enlarge the restrictions on transfer set forth in this Section 4.1. Certificates for Common Shares or Warrant Shares subject to legend removal hereunder shall be transmitted by the Company to the Purchaser by crediting the account of the Purchaser’s prime broker with the Depository Trust Company system as directed by such Purchaser. 
(d)In the event a Purchaser shall request delivery of unlegended shares as described in this Section 4.1 and the Company is required to deliver such unlegended shares, (i) it shall pay all fees and expenses associated with or required by the legend removal and/or transfer including but not limited to legal fees, and overnight delivery charges and taxes, if any, imposed by any applicable government upon the issuance of Common Stock; and (ii) the Company may not refuse to deliver unlegended shares based on any claim that such Purchaser or anyone associated or affiliated with such Purchaser has not complied with Purchaser’s obligations under the Transaction Documents, or for any other reason, unless, an injunction or temporary restraining order from a court, on notice, restraining and or enjoining delivery of such unlegended shares shall have been sought and obtained by the Company.
4.2.Furnishing of Information.
(a)Until the earliest of the time that (i) no Purchaser owns Warrant Shares or (ii) the Warrants have expired, the Company covenants to timely file (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Company after the date hereof pursuant to the Exchange Act even if the Company is not then subject to the reporting requirements of the Exchange Act.
(b)At any time during the period commencing from the six month anniversary of the date hereof and ending at such time on the earlier to occur that the Warrants are not outstanding, terminated or that all of the Warrant Shares (assuming cashless exercise) may be sold without the requirement for the Company to be in compliance with Rule 144(c)(1) and otherwise without restriction or limitation pursuant to Rule 144, if the Company (i) shall fail for any reason to satisfy the current public information requirement under Rule 144(c) for a period of more than 30 consecutive days or (ii) has ever been an issuer described in Rule 144(i)(1)(i) or becomes an issuer in the future, and the Company shall fail to satisfy any condition set forth in Rule 144(i)(2) for a period of more than 30 consecutive days (a “Public Information Failure”) then, in addition to such Purchaser’s other available remedies, the Company shall pay to a Purchaser, in cash, as partial liquidated damages and not as a penalty, by reason of any such delay in or reduction of its ability to sell the Warrant Shares, an amount in cash equal to one percent of the Purchase Price of the Purchaser’s Unit and/or Warrant Exercise Price of such Purchaser’s Warrants on the day of a Public Information Failure and, on every 30th day (pro-rated for periods totaling less than thirty days) thereafter until the earlier of (a) the date such Public Information Failure is cured and (b) such time that such public information is no longer required for the Purchasers to transfer the Warrant 
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Shares pursuant to Rule 144. Public Information Failure payments shall be paid on the earlier of (i) the last day of the calendar month during which such Public Information Failure payments are incurred and (ii) the second Trading Day after the event or failure giving rise to the Public Information Failure payments is cured. In the event the Company fails to make Public Information Failure payments in a timely manner, such Public Information Failure payments shall bear interest at the rate of one and one-half percent per month (prorated for partial months) until paid in full. Nothing herein shall limit such Purchaser’s right to pursue actual damages for the Public Information Failure, and such Purchaser shall have the right to pursue all remedies available to it at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief.
4.3.Integration. The Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in Section 2(a)(1) of the Securities Act) that would be integrated with the offer or sale of the Securities for purposes of the rules and regulations of any Trading Market such that it would require shareholder approval prior to the closing of such other transaction unless shareholder approval is obtained before the closing of such subsequent transaction.
4.4.Securities Laws Disclosure; Publicity. The Company shall file a Current Report on Form 8-K disclosing the material terms of this Agreement, including the Transaction Documents as exhibits thereto, prior to 9:00 AM (New York Time) on the fourth Trading Day after the Closing Date. From and after the filing of the Form 8-K as provided in the preceding sentence, the Company represents to each Purchaser that it shall have publicly disclosed all material, non-public information delivered to each Purchaser by the Company or any of its Subsidiaries, or any of their respective officers, directors, employees or agents in connection with the transactions contemplated by the Transaction Documents. In addition, effective upon the issuance of such Form 8-K, the Company acknowledges and agrees that any and all confidentiality or similar obligations under any agreement, whether written or oral, between the Company, any of its Subsidiaries or any of their respective officers, directors, agents, employees or Affiliates on the one hand, and  the Purchaser or any of its Affiliates on the other hand, shall terminate. The Company and each Purchaser shall consult with each other in issuing any press releases with respect to the transactions contemplated hereby, and neither the Company nor any Purchaser shall issue any such press release nor otherwise make any such public statement (other than the Form 8-K approved by Purchaser) without the prior consent of the Company, with respect to any press release of any Purchaser, or without the prior consent of each Purchaser, with respect to any press release of the Company, which consent shall not unreasonably be withheld or delayed, except if such disclosure is required by law, in which case the disclosing party shall promptly provide the other party with prior notice of such public statement or communication. Notwithstanding the foregoing, the Company shall not publicly disclose the name of the Purchaser, or include the name of the Purchaser in any filing with the SEC or any regulatory agency or Trading Market, without the prior written consent of such Purchaser, except (a) as required by the staff of the SEC in connection with the filing of final Transaction Documents with the SEC and (b) to the extent such disclosure is required by law or Trading Market regulations, in which case the Company shall provide the Purchasers with prior notice of such disclosure permitted under this clause (b).
4.5.Shareholder Rights Plan. No claim will be made or enforced by the Company or, with the consent of the Company, any other Person, that any Purchaser is an “Acquiring Person” under any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or similar anti-takeover plan or arrangement in effect or hereafter adopted by the Company, or that any Purchaser could be deemed to trigger the provisions of any such plan or arrangement, by virtue of receiving Securities under the Transaction Documents or under any other agreement between the Company and any Purchaser.
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4.6.Non-Public Information. Except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents, which shall be disclosed pursuant to Section 4.4, the Company covenants and agrees that neither it, nor any other Person acting on its behalf will provide any Purchaser or its agents or counsel with any information that constitutes, or the Company reasonably believes constitutes, material non-public information. The Company understands and confirms that the Purchaser shall be relying on the foregoing covenant in effecting transactions in securities of the Company. 
4.7.Use of Proceeds. The Company shall use the net proceeds from the sale of Securities hereunder at the Closing for working capital purposes, and shall not use such proceeds: (a) for the satisfaction of any other portion of the Company’s debt, (b) for the redemption of any Common Stock or Common Stock Equivalents, or (c) for the settlement of any outstanding litigation, (d) in violation of FCPA or OFAC regulations, (e) to lend money, give credit, or make advances to any officers, directors, employees or affiliates of the Company or (f) for the purchase of real estate. 
4.8.Indemnification of the Purchaser. Subject to the provisions of this Section 4.8, the Company will indemnify and hold the Purchaser and its directors, officers, shareholders, members, partners, employees and agents (and any other Persons with a functionally equivalent role of a Person holding such titles notwithstanding a lack of such title or any other title), each Person who controls such Purchaser (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers, shareholders, agents, members, partners or employees (and any other Persons with a functionally equivalent role of a Person holding such titles notwithstanding a lack of such title or any other title) of such controlling persons (each, a “Purchaser Party”) harmless from any and all losses, liabilities, obligations, claims, contingencies, damages, costs and expenses, including all judgments, amounts paid in settlements, court costs and reasonable attorneys’ fees and costs of investigation (including local counsel, if retained) that any such Purchaser Party may suffer or incur as a result of or relating to (a) any breach of any of the representations, warranties, covenants or agreements made by the Company in this Agreement or in the other Transaction Documents or (b) any action instituted against the Purchaser Parties in any capacity, or any of them or their respective Affiliates, by any shareholder of the Company who is not an Affiliate of such Purchaser Party, with respect to any of the transactions contemplated by the Transaction Documents (unless such action is based upon a breach of such Purchaser Party’s representations, warranties or covenants under the Transaction Documents or any agreements or understandings such Purchaser Party may have with any such shareholder or any conduct by such Purchaser Party which constitutes willful misconduct or gross negligence). If any action shall be brought against any Purchaser Party in respect of which indemnity may be sought pursuant to this Agreement, such Purchaser Party shall promptly notify the Company in writing, and the Company shall have the right to assume the defense thereof with counsel of its own choosing reasonably acceptable to the Purchaser Party. Any Purchaser Party shall have the right to employ separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Purchaser Party except to the extent that (i) the employment thereof has been specifically authorized by the Company in writing, (ii) the Company has failed after a reasonable period of time to assume such defense and to employ counsel or (iii) in such action there is, in the reasonable opinion of counsel to the Purchaser Party, a material conflict on any material issue between the position of the Company and the position of such Purchaser Party, in which case the Company shall be responsible for the reasonable fees and expenses of no more than one such separate counsel (in addition to local counsel, if retained). The Company will not be liable to any Purchaser Party under this Agreement (y) for any settlement by a Purchaser Party effected without the Company’s prior written consent, which shall not be unreasonably withheld or delayed; or (z) to the extent, but only to the extent that a loss, claim, damage or liability is attributable to any Purchaser Party’s breach of any of the representations, warranties, covenants or agreements made by such Purchaser Party in this Agreement or in the other Transaction 
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Documents. The Purchaser Parties shall have the right to settle any action against any of them by the payment of money provided that they cannot agree to any equitable relief and the Company, its officers, directors and Affiliates receive unconditional releases in customary form. The indemnification required by this Section 4.8 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or are incurred. The indemnity agreements contained herein shall be in addition to any cause of action or similar right of any Purchaser Party against the Company or others and any liabilities the Company may be subject to pursuant to law.
4.9.Reservation of Common Stock. Immediately upon Closing, the Company shall reserve two times the number of shares of Common Stock issuable upon conversion of the Warrants.  The initial reservation amount shall be 124,000 shares. 
4.10.Listing of Common Stock. The Company hereby agrees to use its reasonable best efforts to maintain the listing or quotation of the Common Stock on the Trading Market on which it is currently listed or quoted; provided, however, the Company shall if it qualifies, list its Common Stock on a Trading Market which is a national securities exchange. The Company will then take all action necessary to continue the listing and trading of its Common Stock on a Trading Market and will comply in all respects with the Company’s reporting, filing and other obligations under the bylaws or rules of the Trading Market. The Company agrees to maintain the eligibility of the Common Stock for electronic transfer through the DTC or another established clearing corporation, including, without limitation, by timely payment of fees to the DTC or such other established clearing corporation in connection with such electronic transfer.
4.11.Certain Transactions and Confidentiality. The Purchaser covenants that neither it nor any Affiliate acting on its behalf or pursuant to any understanding with it will execute any purchases or sales, including Short Sales of any of the Company’s securities during the period commencing with the execution of this Agreement and ending at such time that the transactions contemplated by this Agreement are first publicly announced pursuant to the initial press release as described in Section 4.4. The Purchaser covenants that until such time as the transactions contemplated by this Agreement are publicly disclosed by the Company pursuant to the initial press release as described in Section 4.4, the Purchaser will maintain the confidentiality of the existence and terms of this transaction. Notwithstanding the foregoing and notwithstanding anything contained in this Agreement to the contrary, the Company expressly acknowledges and agrees that (i) no Purchaser makes any representation, warranty or covenant hereby that it will not engage in effecting transactions in any securities of the Company after the time that the transactions contemplated by this Agreement are first publicly announced pursuant to the initial press release as described in Section 4.4, (ii) no Purchaser shall be restricted or prohibited from effecting any transactions in any securities of the Company in accordance with applicable securities laws from and after the time that the transactions contemplated by this Agreement are first publicly announced pursuant to the initial press release as described in Section 4.4 and (iii) no Purchaser shall have any duty of confidentiality or duty not to trade in the securities of the Company to the Company or its Subsidiaries after the issuance of the initial press release as described in Section 4.4. Notwithstanding the foregoing, in the case of a Purchaser that is a multi-managed investment vehicle whereby separate portfolio managers manage separate portions of such Purchaser’s assets and the portfolio managers have no direct knowledge of the investment decisions made by the portfolio managers managing other portions of such Purchaser’s assets, the covenant set forth above shall only apply with respect to the portion of assets managed by the portfolio manager that made the investment decision to purchase the Securities covered by this Agreement.
4.12.Conversion and Exercise Procedures. The Notice of Exercise included in the Warrants sets forth the totality of the procedures required of the Purchasers in order to exercise the Warrants. No additional legal opinion, other information or instructions shall be required of 
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the Purchasers to exercise their Warrants. Without limiting the preceding sentences, no Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of a Notice of Exercise form be required in order to exercise the Warrants. The Company shall honor exercises of the Warrants and shall deliver Warrant Shares in accordance with the terms, conditions and time periods set forth in the Transaction Documents.
4.13.DTC Program. For so long as any Warrants are outstanding, the Company will employ as the transfer agent for the Common Stock and Warrant Shares a participant in the DTC Automated Securities Transfer Program and cause the Common Stock to be transferable pursuant to such program. 
4.14.Maintenance of Property. The Company shall keep all of its property, which is necessary or useful to the conduct of its business, in good working order and condition, ordinary wear and tear excepted.
4.15.Preservation of Corporate Existence. The Company shall preserve and maintain its corporate existence, rights, privileges and franchises in the jurisdiction of its incorporation, and qualify and remain qualified, as a foreign corporation in each jurisdiction in which such qualification is necessary in view of its business or operations and where the failure to qualify or remain qualified might reasonably have a Material Adverse Effect upon the financial condition, business or operations of the Company taken as a whole.
4.16.D&O Insurance. The Company shall maintain director and officer insurance on behalf of the Company and its officers and directors for 18 months after the Closing with respect to any losses, claims, damages, liabilities, costs and expense in connection with any actual or threatened claim or proceeding that is based on, or arises out of their status as a director or officer of the Company. The insurance policy shall cover SEC investigations for the Company and its officers and directors and provide for two years of tail coverage.
ARTICLE 5.
MISCELLANEOUS

5.1.Termination. This Agreement may be terminated by the Purchaser, as to such Purchaser’s obligations hereunder only, by written notice to the Company, if the Closing has not been consummated on or before January 31, 2022; provided, however, that no such termination will affect the right of any party to sue for any breach by any other party (or parties).

5.2.Fees and Expenses. Except as expressly set forth below and in the Transaction Documents to the contrary, each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts, if any, and all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. The Company shall pay all stamp taxes and other taxes and duties levied in connection with the delivery of any Securities to the Purchasers..   

5.3.Entire Agreement. The Transaction Documents, together with the exhibits and schedules thereto, contain the entire understanding of the parties with respect to the subject matter hereof and thereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.

5.4.Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication is delivered via 
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facsimile or email attachment at the facsimile number or email address as set forth on the signature pages attached hereto at or prior to 5:30 p.m. (New York City time) on a Trading Day, (b) the next Trading Day after the date of transmission, if such notice or communication is delivered via facsimile or email attachment at the facsimile number or email address as set forth on the signature pages attached hereto on a day that is not a Trading Day or later than 5:30 p.m. (New York City time) on any Trading Day, (c) the second Trading Day following the date of mailing, if sent by U.S. nationally recognized overnight courier service or (d) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications shall be as set forth on the signature pages attached hereto.
5.5. Amendments; Waivers. Except as provided in the last sentence of this Section 5.5, no provision of this Agreement may be waived, modified, supplemented or amended except in a written instrument signed, in the case of an amendment, by the Company and the Purchaser in the case of a waiver, by the party against whom enforcement of any such waived provision is sought. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right. Any amendment effected in accordance with accordance with this Section 5.5 shall be binding upon the Purchaser and holder of Securities and the Company. 
5.6.Headings. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof.
5.7.Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns. The Company may not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Purchaser (other than by merger). The Purchaser may assign any or all of its rights under this Agreement to any Person to whom the  Purchaser assigns or transfers any Securities, provided that such transferee agrees in writing to be bound, with respect to the transferred Securities, by the provisions of the Transaction Documents that apply to the Purchasers.
5.8.No Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person, except as otherwise set forth in Section 4.8 and this Section 5.8.
5.9.Governing Law; Exclusive Jurisdiction; Attorneys’  Fees. All questions concerning the construction, validity, enforcement and interpretation of the Transaction Documents shall be governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law thereof. Each party agrees that all Actions concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement and any other Transaction Documents (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts in New York County, New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in New York County, New York for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any Action, any claim that it is not personally subject to the jurisdiction of any such court, that such Action is improper or is an inconvenient venue for such Action. Each party hereby irrevocably waives personal service of process and consents to process being served in any such Action by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to 
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such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law. If any party shall commence an Action to enforce any provisions of the Transaction Documents, then, in addition to the obligations of the Company elsewhere in this Agreement, the prevailing party in such Action shall be reimbursed by the non-prevailing party for its reasonable attorneys’ fees and other costs and expenses incurred with the investigation, preparation and prosecution of such Action.
5.10.Survival. The representations and warranties contained herein shall survive the Closing and the delivery of the Securities.
5.11.Execution. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to each other party, it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.
5.12.Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.
5.13.Rescission and Withdrawal Right. Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of) any of the other Transaction Documents, whenever any Purchaser exercises a right, election, demand or option under a Transaction Document and the Company does not timely perform its related obligations within the periods therein provided, then such Purchaser may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant notice, demand or election in whole or in part without prejudice to its future actions and rights; provided, however, that in the case of a rescission of an exercise of a Warrant, the applicable Purchaser shall be required to return any shares of Common Stock subject to any such rescinded exercise notice concurrently with the return to such Purchaser of the aggregate exercise price paid to the Company for such shares and the restoration of such Purchaser’s right to acquire such shares pursuant to such Purchaser’s Warrant (including, issuance of a replacement warrant certificate evidencing such restored right).
5.14.Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction without requiring the posting of any bond.
5.15.Remedies. In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, the Purchaser and the Company will be entitled 
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to specific performance under the Transaction Documents. The parties agree that monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations contained in the Transaction Documents and hereby agree to waive and not to assert in any Action for specific performance of any such obligation the defense that a remedy at law would be adequate.
5.16.Payment Set Aside. To the extent the Company makes a payment or payments to any Purchaser pursuant to any Transaction Document or a Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration 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 enforcement or setoff had not occurred.
5.17.Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall not be a Trading Day, then such action may be taken or such right may be exercised on the next succeeding Trading Day.
5.18.Construction. The parties agree that each of them and/or their respective counsel have reviewed and had an opportunity to revise the Transaction Documents and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of the Transaction Documents or any amendments thereto. In addition, each and every reference to share prices and shares of Common Stock in any Transaction Document shall be subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.
5.19.WAIVER OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND EXPRESSLY WAIVE FOREVER TRIAL BY JURY.
In addition, the parties hereto agree that any action, proceeding or claim arising out of or relating in any way to this Agreement or the other Transaction Documents shall be resolved through final and binding arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association (“AAA”). 
5.20.Non-Circumvention. The Company hereby covenants and agrees that the Company will not, by amendment of its Charter, or Bylaws or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Agreement, and will at all times in good faith carry out all of the provision of this Agreement and take all action as may be required to protect the rights of all holders of the Securities. Without limiting the generality of the foregoing or any other provision of this Agreement or the other Transaction Documents, the Company (a) shall not increase the par value of any shares of Common Stock receivable upon exercise of the Warrants above the Warrant Exercise Price, as applicable, then in effect and (b) shall take all such action as may be 
27

necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares upon exercise of the Warrants. Notwithstanding anything herein to the contrary, if after six months from the Closing, a holder is not permitted to exercise the Warrants, in full, for any reason, the Company shall use its best efforts to promptly remedy such failure, including, without limitation, obtaining such consent or approvals as necessary to permit such conversion or exercise.
 (Signature Pages Follow)

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IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

												
	HEARTBEAM, INC.	 	Address for Notice:
	 	 	 	2118 Walsh Ave., Suite 210
	By:	 /s/ Richard Brounstein	 	Santa Clara, CA 95050
	Name:	Richard Brounstein	 	Email: rbrounstein@heartbeam.com
	Title:	Chief Financial Officer	 	 

 
With a copy to Lucosky Brookman (which shall not constitute notice):  

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
SIGNATURE PAGE FOR PURCHASER FOLLOWS]
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PURCHASER SIGNATURE PAGES TO HEARTBEAM, INC. SECURITIES PURCHASE AGREEMENT

IN WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

Name of Purchaser: OpenSky Opportunities Fund Ltd.
Signature of Authorized Signatory of Purchaser:
/s/ Adrian Towning________________________________
Name of Authorized Signatory: Adrian Towning
Title of Authorized Signatory: Director
Email Address of Authorized Signatory: adrian@openskymerchantcorp.com 
Tele Number of Authorized Signatory: 242-396-3225
Address for Notice to Purchaser:
 2nd Floor, Pineapple Place, Bernard Road, Nassau, Bahamas
Address for Delivery of Securities to Purchaser (if not same as address for notice):
            Hold with vStock transfer agent until OpenSky notifies HeartBeam
Subscription Amount: $ 348,000.00

Number of Units:  58,000, consisting of:

Common Shares: 58,000

Warrant Shares: 58,000

EXHIBIT A
COMMON STOCK PURCHASE WARRANT

For the Purchase of 58,000 Shares of Common Stock
of
HeartBeam, Inc.

1.        Purchase Warrant. THIS CERTIFIES THAT, in consideration of funds duly paid by or on behalf of OpenSky Opportunities Fund Ltd. (“Holder”), as registered owner of this Purchase Warrant, to HeartBeam, Inc., a Delaware corporation (the “Company”), Holder is entitled, at any time or from time to time beginning August [    ], 2022 (the “Commencement Date”), and at or before 5:00 p.m., Eastern time, [    ], 2027 (the “Expiration Date”), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to 58,000 shares of common stock of the Company, par value $0.0001 per share (the “Shares”), subject to adjustment as provided in Section 6 hereof. If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Warrant may be exercised on the next succeeding day which is 
30

not such a day in accordance with the terms herein. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate this Purchase Warrant. This Purchase Warrant is initially exercisable at $6 per Share; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Warrant, including the exercise price per Share and the number of Shares to be received upon such exercise, shall be adjusted as therein specified. The term “Exercise Price” shall mean the initial exercise price or the adjusted exercise price, depending on the context. 

2.         Exercise.

2.1    Exercise Form. In order to exercise this Purchase Warrant, the exercise form attached hereto must be duly executed and completed and delivered to the Company, together with this Purchase Warrant and payment of the Exercise Price for the Shares being purchased payable in cash by wire transfer of immediately available funds to an account designated by the Company or by certified check or official bank check. If the subscription rights represented hereby shall not be exercised at or before 5:00 p.m., Eastern time, on the Expiration Date, this Purchase Warrant shall become and be void without further force or effect, and all rights represented hereby shall cease and expire. Each exercise hereof shall be irrevocable.

2.2       Cashless Exercise. In lieu of exercising this Purchase Warrant by payment of cash or check payable to the order of the Company pursuant to Section 2.1 above, Holder may elect to receive the number of Shares equal to the value of this Purchase Warrant (or the portion thereof being exercised), by surrender of this Purchase Warrant to the Company, together with the exercise form attached hereto, in which event the Company will issue to Holder Shares in accordance with the following formula:

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						Y(A-B)	
	X	=	A	
	Where,			
		X	=	The number of Shares to be issued to Holder;
		Y	=	The number of Shares for which the Purchase Warrant is being exercised if such exercise were by means of a cash exercise rather than a cashless exercise;
		A	=	as applicable: (i) the VWAP on the Trading Day immediately preceding the date of the applicable exercise form if such exercise form is (1) both executed and delivered pursuant to Section 2.2 hereof on a day that is not a Trading Day or (2) both executed and delivered pursuant to Section 2.2 hereof on a Trading Day prior to the opening of “regular trading hours” (as defined in Rule 600(b)(68) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) at the option of the Holder, either (y) the VWAP on the Trading Day immediately preceding the date of the applicable Exercise Form or (z) the Bid Price of the Common Stock on the principal Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s execution of the applicable Exercise Form if such Exercise Form is executed during “regular trading hours” on a Trading Day and is delivered within two (2) hours thereafter (including until two (2) hours after the close of “regular trading hours” on a Trading Day) pursuant to Section 2.2 hereof, which Bid Price shall be shown on supporting documents provided by the Holder to the Company within two Trading Days of delivery of the exercise form, or (iii) the VWAP on the date of the applicable exercise form if the date of such exercise form is a Trading Day and such exercise form is both executed and delivered pursuant to Section 2.2 hereof after the close of “regular trading hours” on such Trading Day; and
		B	=	The Exercise Price.

            “Bid Price” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the bid price of the Common Stock for the time in question (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b)  if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Holder and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.
            
          “VWAP” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding 
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date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b)  if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date), or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Holder and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.
            “Trading Day” means a day on which the New York Stock Exchange is open for trading.
          
“Trading Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, or the New York Stock Exchange (or any successors to any of the foregoing).

3.         Transfer.

3.1       General Restrictions. The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that such Holder will not: (a) sell, transfer, assign, pledge or  hypothecate this Purchase Warrant for a period of one hundred eighty (180) days following the Effective Date to anyone other than the officers or partners, registered persons or affiliates of the Holder and (b) cause this Purchase Warrant or the securities issuable hereunder to be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of this Purchase Warrant or the securities hereunder, except as provided for in FINRA Rule 5110(e)(2). After 180 days after the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities laws. In order to make any permitted assignment, the Holder must deliver to the Company the assignment form attached hereto duly executed and completed, together with the Purchase Warrant and payment of all transfer taxes, if any, payable in connection therewith. The Company shall within five (5) Business Days transfer this Purchase Warrant on the books of the Company and shall execute and deliver a new Purchase Warrant or Purchase Warrants of like tenor to the appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Shares purchasable hereunder or such portion of such number as shall be contemplated by any such assignment.  

3.2       Restrictions Imposed by the Act. The securities evidenced by this Purchase Warrant shall not be transferred unless and until: (i) if required by applicable law, the Company has received the opinion of counsel for the Company that the securities may be transferred pursuant to an exemption from registration under the Act and applicable state securities laws, or (ii) a registration statement or a post-effective amendment to the Registration Statement relating to the offer and sale of such securities has been filed by the Company and declared effective by the U.S. Securities and Exchange Commission (the ”Commission”) and compliance with applicable state securities law has been established. 
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4.         Reserved. 

5.         New Purchase Warrants to be Issued.

5.1       Partial Exercise or Transfer. This Purchase Warrant may be exercised or assigned in whole or in part. In the event of the exercise or assignment hereof in part only, upon surrender of this Purchase Warrant for cancellation, together with the duly executed exercise or assignment form, the Company shall cause to be delivered to the Holder without charge a new Purchase Warrant of like tenor to this Purchase Warrant in the name of the Holder evidencing the right of the Holder to purchase the number of Shares purchasable hereunder as to which this Purchase Warrant has not been exercised or assigned. 

5.2       Lost Certificate. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Purchase Warrant and of reasonably satisfactory indemnification or the posting of a bond, determined in the sole discretion of the Company, the Company shall execute and deliver a new Purchase Warrant of like tenor and date. Any such new Purchase Warrant executed and delivered as a result of such loss, theft, mutilation or destruction shall constitute a substitute contractual obligation on the part of the Company. 

6.         Adjustments.

6.1       Adjustments to Exercise Price and Number of Securities. The Exercise Price and the number of Shares underlying the Purchase Warrant shall be subject to adjustment from time to time as hereinafter set forth: 

6.1.1    Share Dividends; Split Ups. If, after the date hereof, and subject to the provisions of Section 6.3 below, the number of outstanding Shares is increased by a stock dividend payable in Shares or by a split up of Shares or other similar event, then, on the effective day thereof, the number of Shares purchasable hereunder shall be increased in proportion to such increase in outstanding Shares, and the Exercise Price shall be proportionately decreased. 

6.1.2    Aggregation of Shares. If, after the date hereof, and subject to the provisions of Section 6.3 below, the number of outstanding Shares is decreased by a consolidation, combination or reclassification of Shares or other similar event, then, on the effective date thereof, the number of Shares purchasable hereunder shall be decreased in proportion to such decrease in outstanding Shares, and the Exercise Price shall be proportionately increased. 

6.1.3    Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding Shares other than a change covered by Section 6.1.1 or 6.1.2 hereof or that solely affects the par value of such Shares, or in the case of any share reconstruction or amalgamation or consolidation or merger of the Company with or into another corporation (other than a consolidation or share reconstruction or amalgamation or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding Shares), or in the case of any sale or conveyance to another corporation or entity of the property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Holder of 
34

this Purchase Warrant shall have the right thereafter (until the expiration of the right of exercise of this Purchase Warrant) to receive upon the exercise hereof, for the same aggregate Exercise Price payable hereunder immediately prior to such event, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, share reconstruction or amalgamation, or consolidation, or upon a dissolution following any such sale or transfer, by a Holder of the number of Shares of the Company obtainable upon exercise of this Purchase Warrant immediately prior to such event; and if any reclassification also results in a change in Shares covered by Section 6.1.1 or 6.1.2, then such adjustment shall be made pursuant to Sections 6.1.1, 6.1.2 and this Section 6.1.3. The provisions of this Section 6.1.3 shall similarly apply to successive reclassifications, reorganizations, share reconstructions or amalgamations, or consolidations, sales or other transfers.  

6.1.4    Changes in Form of Purchase Warrant. This form of Purchase Warrant need not be changed because of any change pursuant to this Section 6.1, and Purchase Warrants issued after such change may state the same Exercise Price and the same number of Shares as are stated in the Purchase Warrants initially issued pursuant to this Agreement. The acceptance by any Holder of the issuance of new Purchase Warrants reflecting a required or permissive change shall not be deemed to waive any rights to an adjustment occurring after the Commencement Date or the computation thereof. 

6.2       Substitute Purchase Warrant. In case of any consolidation of the Company with, or share reconstruction or amalgamation or merger of the Company with or into, another corporation (other than a consolidation or share reconstruction or amalgamation or merger which does not result in any reclassification or change of the outstanding Shares), the corporation formed by such consolidation or share reconstruction or amalgamation shall execute and deliver to the Holder a supplemental Purchase Warrant providing that the holder of each Purchase Warrant then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of such Purchase Warrant) to receive, upon exercise of such Purchase Warrant, the kind and amount of shares of stock and other securities and property receivable upon such consolidation or share reconstruction or amalgamation, by a holder of the number of Shares of the Company for which such Purchase Warrant might have been exercised immediately prior to such consolidation, share reconstruction or amalgamation or merger, sale or transfer. Such supplemental Purchase Warrant shall provide for adjustments which shall be identical to the adjustments provided for in this Section 6. The above provision of this Section shall similarly apply to successive consolidations or share reconstructions or amalgamations or mergers.

            6.3       Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of Shares upon the exercise of the Purchase Warrant, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down, as the case may be, to the nearest whole number of Shares or other securities, properties or rights. 

7.         Reservation. The Company shall at all times reserve and keep available out of its authorized Shares, solely for the purpose of issuance upon exercise of the Purchase Warrants, such number of Shares or other securities, properties or rights as shall be issuable upon the exercise thereof. The Company covenants and agrees that, upon exercise of the Purchase Warrants and payment of the Exercise Price therefor, in accordance with the terms hereby, all 
35

Shares and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any shareholder. 

8.         Certain Notice Requirements.

8.1       Holder’s Right to Receive Notice. Nothing herein shall be construed as conferring upon the Holders the right to vote or consent or to receive notice as a shareholder for the election of directors or any other matter, or as having any rights whatsoever as a shareholder of the Company. If, however, at any time prior to the expiration of the Purchase Warrants and their exercise, any of the events described in Section 8.2 shall occur, then, in one or more of said events, the Company shall deliver to each Holder a copy of each notice relating to such events given to the other shareholders of the Company at the same time and in the same manner that such notice is given to the shareholders. 

8.2       Events Requiring Notice. The Company shall be required to give the notice described in this Section 8 upon one or more of the following events: (i) if the Company shall take a record of the holders of its Shares for the purpose of entitling them to receive a dividend or distribution payable otherwise than in cash, or a cash dividend or distribution payable otherwise than out of retained earnings, as indicated by the accounting treatment of such dividend or distribution on the books of the Company, or (ii) the Company shall offer to all the holders of its Shares any additional shares of capital stock of the Company or securities convertible into or exchangeable for shares of capital stock of the Company, or any option, right or warrant to subscribe therefor. 

8.3       Notice of Change in Exercise Price. The Company shall, promptly after an event requiring a change in the Exercise Price pursuant to Section 6 hereof, send notice to the Holders of such event and change (“Price Notice”). The Price Notice shall describe the event causing the change and the method of calculating same. 

8.4       Transmittal of Notices. All notices, requests, consents and other communications under this Purchase Warrant shall be in writing and shall be deemed to have been duly made when hand delivered, or mailed by express mail or private courier service: (i) if to the registered Holder of the Purchase Warrant, to the address of such Holder as shown on the books of the Company, or (ii) if to the Company, to following address or to such other address as the Company may designate by notice to the Holders: 

If to the Holder:
OpenSky Opportunities Fund Ltd. [INSERT ADDRESS]
Attention: Adrian Towning
Email: Adrian@openskymerchantcorp.com
            2nd Floor, Pineapple Place, Bernard Road
Nassau, Bahamas

with a copy (which shall not constitute notice) to:
 [OpenSky Opportunities Fund Ltd. COUNSEL]

If to the Company:

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HeartBeam, Inc.
2118 Walsh Avenue, Suite 210
Santa Clara, CA 95050
Attention: Richard Brounstein

With copies to (which shall not constitute notice):
Lucosky Brookman LLP
101 Wood Avenue South, 5th Floor
Woodbridge, NJ 08830
jlucosky@lucbro.com
Attention: Joseph M. Lucosky, Esq.

9.         Miscellaneous.

9.1       Amendments. The Company and the Holder may from time to time supplement or amend this Purchase Warrant in order to cure any ambiguity, to correct or supplement any provision contained herein that may be defective or inconsistent with any other provisions herein, or to make any other provisions in regard to matters or questions arising hereunder that the Company and the Holder may deem necessary or desirable and that the Company and the Holder  deem shall not adversely affect the interest of the Holders. All other modifications or amendments shall require the written consent of and be signed by (i) the Company and (ii) the Holder(s) of Purchase Warrants then-exercisable for at least a majority of the Shares then-exercisable pursuant to all then-outstanding Purchase Warrants. 

9.2       Headings. The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the meaning or interpretation of any of the terms or provisions of this Purchase Warrant. 

9.3.      Entire Agreement. This Purchase Warrant (together with the other agreements and documents being delivered pursuant to or in connection with this Purchase Warrant) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter hereof. 

9.4       Binding Effect. This Purchase Warrant shall inure solely to the benefit of and shall be binding upon, the Holder and the Company and their permitted assignees, respective successors, legal representative and assigns, and no other person shall have or be construed to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Purchase Warrant or any provisions herein contained. 

9.5       Governing Law; Submission to Jurisdiction; Trial by Jury. This Purchase Warrant shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflict of laws principles thereof. The Company hereby agrees that any action, proceeding or claim against it arising out of, or relating in any way to this Purchase Warrant shall be brought and enforced in the courts located in New York, New York, or in the United States District Court located in New York, New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any 
37

objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 8 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim. The Company and the Holder agree that the prevailing party(ies) in any such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’ fees and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefor.  The Company (on its behalf and, to the extent permitted by applicable law, on behalf of its stockholders and affiliates) and the Holder hereby irrevocably waive, 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 Agreement or the transactions contemplated hereby. 

9.6       Waiver, etc. The failure of the Company or the Holder to at any time enforce any of the provisions of this Purchase Warrant shall not be deemed or construed to be a waiver of any such provision, nor to in any way affect the validity of this Purchase Warrant or any provision hereof or the right of the Company or any Holder to thereafter enforce each and every provision of this Purchase Warrant. No waiver of any breach, non-compliance or non-fulfillment of any of the provisions of this Purchase Warrant shall be effective unless set forth in a written instrument executed by the party or parties against whom or which enforcement of such waiver is sought; and no waiver of any such breach, non-compliance or non-fulfillment shall be construed or deemed to be a waiver of any other or subsequent breach, non-compliance or non-fulfillment. 

 [Signature Page Follows]

IN WITNESS WHEREOF, the Company has caused this Purchase Warrant to be signed by its duly authorized officer as of the 18th day of February, 2022. 

HeartBeam, Inc.

By: _________________________________
      Name: 
      Title: 

38

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