Document:

Exhibit 10.6

 

Execution Version

 

CREDIT AGREEMENT

 

dated as of

 

February 4, 2021

 

among

 

E2OPEN INTERMEDIATE, LLC,

as Holdings,

E2OPEN, LLC,

as Borrower,

the Lenders and Issuing Banks from time
to time party hereto,

 

GOLDMAN SACHS BANK USA,

as Administrative Agent and as Collateral
Agent,

 

and

 

GOLDMAN SACHS BANK USA,

CREDIT SUISSE LOAN FUNDING LLC,

GOLUB CAPITAL LLC,

DEUTSCHE BANK SECURITIES INC.,

JEFFERIES FINANCE LLC

 

and

 

BLACKSTONE HOLDINGS FINANCE CO. L.L.C.,

as Lead Arrangers and Bookrunners

 

     

     

    

 

TABLE OF CONTENTS

 

	 	Page
	ARTICLE I Definitions	1
	SECTION 1.01   Defined Terms.	1
	SECTION 1.02   Classification of Loans and Borrowings.	67
	SECTION 1.03   Terms Generally.	67
	SECTION 1.04   Accounting Terms; GAAP.	68
	SECTION 1.05   Effectuation of Transactions.	68
	SECTION 1.06   Limited Conditionality Acquisition.	69
	SECTION 1.07   Certain Determinations.	69
	SECTION 1.08   Divisions.	70
	SECTION 1.09   Interest Rates; LIBOR Notification.	70
	ARTICLE II The Credits	71
	SECTION 2.01   Commitments.	71
	SECTION 2.02   Loans and Borrowings.	72
	SECTION 2.03   Requests for Borrowings.	72
	SECTION 2.04   [Reserved].	72
	SECTION 2.05   Letters of Credit.	73
	SECTION 2.06   Funding of Borrowings.	80
	SECTION 2.07   Interest Elections.	80
	SECTION 2.08   Termination and Reduction of Commitments.	81
	SECTION 2.09   Repayment of Loans; Evidence of Debt.	82
	SECTION 2.10   Amortization of Term Loans.	83
	SECTION 2.11   Prepayment of Loans.	83
	SECTION 2.12   Fees.	93
	SECTION 2.13   Interest.	94
	SECTION 2.14   Alternate Rate of Interest.	95
	SECTION 2.15   Increased Costs.	100
	SECTION 2.16   Break Funding Payments.	102
	SECTION 2.17   Taxes.	102
	SECTION 2.18   Payments Generally; Pro Rata Treatment; Sharing of Setoffs.	105
	SECTION 2.19   Mitigation Obligations; Replacement of Lenders.	107
	SECTION 2.20   Incremental Credit Extensions.	108
	SECTION 2.21   Refinancing Amendments.	111
	SECTION 2.22   Defaulting Lenders.	111
	SECTION 2.23   Illegality.	113
	SECTION 2.24   Loan Modification Offers.	114
	ARTICLE III Representations and Warranties	115
	SECTION 3.01   Organization; Powers.	115
	SECTION 3.02   Authorization; Enforceability.	115
	SECTION 3.03   Governmental Approvals; No Conflicts.	115
	SECTION 3.04   Financial Condition; No Material Adverse Effect.	116
	SECTION 3.05   Properties; Insurance.	116
	SECTION 3.06   Litigation and Environmental Matters.	116
	SECTION 3.07   Compliance with Laws.	117
	SECTION 3.08   Investment Company Status.	117
	SECTION 3.09   Taxes.	117
	SECTION 3.10   ERISA; Labor Matters.	117

 

     

     

    

 

TABLE OF CONTENTS 

(continued)

 

	 	Page
	 	 
	SECTION 3.11   Disclosure.	118
	SECTION 3.12   Subsidiaries.	118
	SECTION 3.13   Intellectual Property; Licenses, Etc.	118
	SECTION 3.14   Solvency.	118
	SECTION 3.15   Federal Reserve Regulations.	119
	SECTION 3.16   Use of Proceeds.	119
	SECTION 3.17   Anti-Corruption Laws and Sanctions.	119
	SECTION 3.18   Security Documents.	120
	ARTICLE IV Conditions	120
	SECTION 4.01   Effective Date.	120
	SECTION 4.02   Each Credit Event after the Effective Date.	122
	ARTICLE V Affirmative Covenants	123
	SECTION 5.01   Financial Statements and Other Information.	123
	SECTION 5.02   Notices of Material Events.	126
	SECTION 5.03   Information Regarding Collateral.	126
	SECTION 5.04   Existence; Conduct of Business.	127
	SECTION 5.05   Payment of Taxes, etc.	127
	SECTION 5.06   Maintenance of Properties.	127
	SECTION 5.07   Insurance.	127
	SECTION 5.08   Books and Records; Inspection and Audit Rights.	128
	SECTION 5.09   Compliance with Laws.	128
	SECTION 5.10   Use of Proceeds and Letters of Credit.	129
	SECTION 5.11   Additional Subsidiaries.	129
	SECTION 5.12   Further Assurances.	130
	SECTION 5.13   Designation of Subsidiaries.	130
	SECTION 5.14   Certain Post-Closing Obligations.	130
	SECTION 5.15   Maintenance of Ratings.	131
	ARTICLE VI Negative Covenants	131
	SECTION 6.01   Indebtedness; Certain Equity Securities.	131
	SECTION 6.02   Liens.	136
	SECTION 6.03   Fundamental Changes; Holdings Covenant.	139
	SECTION 6.04   Investments, Loans, Advances, Guarantees and Acquisitions.	142
	SECTION 6.05   Asset Sales.	145
	SECTION 6.06   Sale and Leaseback Transactions.	147
	SECTION 6.07   Restricted Payments; Certain Payments of Indebtedness.	148
	SECTION 6.08   Transactions with Affiliates.	153
	SECTION 6.09   Restrictive Agreements.	154
	SECTION 6.10   Financial Performance Covenant.	155
	SECTION 6.11   Changes in Fiscal Periods.	155
	SECTION 6.12   Amendment of Junior Financing Documents.	155
	ARTICLE VII Events of Default	155
	SECTION 7.01   Events of Default.	155
	SECTION 7.02   Right to Cure.	158
	SECTION 7.03   Application of Proceeds.	160

 

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TABLE OF CONTENTS 

(continued)

 

Page

 

	ARTICLE VIII Administrative Agent	161
	SECTION 8.01   Appointment and Authority.	161
	SECTION 8.02   Rights as a Lender.	161
	SECTION 8.03   Exculpatory Provisions.	162
	SECTION 8.04   Reliance by Agents.	163
	SECTION 8.05   Delegation of Duties.	164
	SECTION 8.06   Resignation of Administrative Agent; Mergers.	164
	SECTION 8.07   Non-Reliance on Agents and Lenders.	165
	SECTION 8.08   No Other Duties, Etc.	166
	SECTION 8.09   Administrative Agent May File Proofs of Claim.	166
	SECTION 8.10   No Waiver; Cumulative Remedies; Enforcement.	167
	SECTION 8.11   Withholding Taxes.	167
	SECTION 8.12   Credit Bidding.	168
	ARTICLE IX Miscellaneous	169
	SECTION 9.01   Notices.	169
	SECTION 9.02   Waivers; Amendments.	169
	SECTION 9.03   Expenses; Indemnity; Damage Waiver.	172
	SECTION 9.04   Successors and Assigns.	174
	SECTION 9.05   Survival.	180
	SECTION 9.06   Counterparts; Integration; Effectiveness.	181
	SECTION 9.07   Severability.	181
	SECTION 9.08   Right of Setoff.	182
	SECTION 9.09   Governing Law; Jurisdiction; Consent to Service of Process.	182
	SECTION 9.10   WAIVER OF JURY TRIAL.	183
	SECTION 9.11   Headings.	183
	SECTION 9.12   Confidentiality.	183
	SECTION 9.13   USA PATRIOT Act.	184
	SECTION 9.14   Release of Liens and Guarantees.	184
	SECTION 9.15   No Advisory or Fiduciary Responsibility.	185
	SECTION 9.16   Interest Rate Limitation.	186
	SECTION 9.17   Intercreditor Agreement	186
	SECTION 9.18   Judgment Currency	186
	SECTION 9.19   Acknowledgement and Consent to Bail-In of Affected Financial Institutions	186
	SECTION 9.20   Acknowledgement Regarding Any Supported QFCs	187

 

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	SCHEDULES:	 	 
	 	 	 
	Schedule 1.01	—	Excluded Subsidiaries
	Schedule 2.01	—	Commitments and Loans
	Schedule 3.03	—	Government Approvals; No Conflicts
	Schedule 3.06	—	Litigation and Environmental Matters
	Schedule 3.12	—	Subsidiaries
	Schedule 5.14	—	Certain Post-Closing Obligations
	Schedule 6.01	—	Existing Indebtedness
	Schedule 6.02	—	Existing Liens
	Schedule 6.04(e)	—	Existing Investments
	Schedule 6.08	—	Existing Affiliate Transactions
	Schedule 6.09	—	Existing Restrictions
	Schedule 9.01	—	Notices
	 	 	 
	EXHIBITS:	 	 
	 	 	 
	Exhibit A	—	Form of Assignment and Assumption
	Exhibit B	—	Form of Guarantee Agreement
	Exhibit C	—	Form of Perfection Certificate
	Exhibit D	—	Form of Collateral Agreement
	Exhibit E	—	Form of Compliance Certificate
	Exhibit F	—	[Reserved]
	Exhibit G	—	Form of Solvency Certificate
	Exhibit H	—	Form of Closing Certificate
	Exhibit I	—	Form of Master Intercompany Note
	Exhibit J	—	Form of Specified Discount Prepayment Notice
	Exhibit K	—	Form of Specified Discount Prepayment Response
	Exhibit L	—	Form of Discount Range Prepayment Notice
	Exhibit M	—	Form of Discount Range Prepayment Offer
	Exhibit N	—	Form of Solicited Discounted Prepayment Notice
	Exhibit O	—	Form of Solicited Discounted Prepayment Offer
	Exhibit P	—	Form of Acceptance and Prepayment Notice
	Exhibit Q-1	—	Form of United States Tax Compliance Certificate 1
	Exhibit Q-2	—	Form of United States Tax Compliance Certificate 2
	Exhibit Q-3	—	Form of United States Tax Compliance Certificate 3
	Exhibit Q-4	—	Form of United States Tax Compliance Certificate 4
	Exhibit R	—	Form of Note
	Exhibit S	—	Form of Notice of Borrowing
	Exhibit T	—	Form of Letter of Credit Request

 

    -iv-

     

    

 

CREDIT AGREEMENT, dated
as of February 4, 2021 (this “Agreement”), among E2OPEN, LLC, a Delaware limited liability company (the “Borrower”),
E2OPEN INTERMEDIATE, LLC, a Delaware limited liability company (“Holdings”), the Lenders and Issuing Banks from
time to time party hereto and GOLDMAN SACHS BANK USA (“Goldman Sachs”), as Administrative Agent and as Collateral
Agent.

 

The parties hereto agree
as follows:

 

ARTICLE
I

Definitions

 

SECTION 1.01              
Defined Terms.

 

As used in this Agreement,
the following terms have the meanings specified below:

 

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

 

“Acceptable
Discount” has the meaning assigned to such term in Section 2.11(a)(ii)(D)(2).

 

“Acceptable
Prepayment Amount” has the meaning assigned to such term in Section 2.11(a)(ii)(D)(3).

 

“Acceptance
and Prepayment Notice” means an irrevocable written notice from a Term Lender accepting a Solicited Discounted Prepayment
Offer to make a Discounted Term Loan Prepayment at the Acceptable Discount specified therein pursuant to Section 2.11(a)(ii)(D)(2)
substantially in the form of Exhibit P.

 

“Acceptance
Date” has the meaning specified in Section 2.11(a)(ii)(D)(2).

 

“Accepting Lenders”
has the meaning specified in Section 2.24(a).

 

“Acquired EBITDA”
means, with respect to any Pro Forma Entity, for any period, the amount of Consolidated EBITDA of such Pro Forma Entity (determined
as if references to the Borrower and its Restricted Subsidiaries in the definition of “Consolidated EBITDA” were references
to such Pro Forma Entity and its subsidiaries that will become Restricted Subsidiaries), all as determined on a consolidated basis
for such Pro Forma Entity.

 

“Acquired Entity
or Business” has the meaning given such term in the definition of “Consolidated EBITDA.”

 

“Acquisition”
means the acquisition of Parent and its Subsidiaries pursuant to the Acquisition Agreement.

 

“Acquisition
Agreement” that certain Business Combination Agreement, dated as of the Signing Date (including the schedules,
exhibits and disclosure letters thereto), by and among CC Neuberger Principal Holdings I, a Cayman Islands exempted company,
which shall domesticate as a Delaware corporation and change its name to E2open Holdings, LLC, in each case, immediately
prior to the Closing (as defined in the Acquisition Agreement) on the Effective Date (as so domesticated and renamed, the
 “Public Parent”), various merger subsidiaries created and controlled by the Public Parent, Sonar Company
Merger Sub, LLC, a Delaware limited liability company, Parent, and Insight Venture Partners, LLC, a Delaware limited
liability company.

 

     

     

    

 

 

“Acquisition
Indebtedness” means Indebtedness incurred to finance a Permitted Acquisition or other permitted Investment.

 

“Additional
Lender” means any Additional Revolving Lender or any Additional Term Lender, as applicable.

 

“Additional
Revolving Commitment” has the meaning specified in Section 2.20(a).

 

“Additional
Revolving Lender” means any bank, financial institution or other institutional lender or investor that agrees to provide
any portion of any (a) Incremental Revolving Commitment Increase or Additional Revolving Commitment pursuant to an Incremental
Facility Amendment in accordance with Section 2.20 or (b) Credit Agreement Refinancing Indebtedness with respect to any
existing Revolving Loans or Revolving Commitments pursuant to a Refinancing Amendment in accordance with Section 2.21; provided
that each Additional Revolving Lender shall be subject to the approval of the Administrative Agent (and, if such Additional Revolving
Lender will provide an Incremental Revolving Commitment Increase or Additional Revolving Commitment, each Issuing Bank), in each
case only if such consent would be required under Section 9.04(b) for an assignment of Revolving Loans or Revolving Commitments,
as applicable, to such bank, financial institution or other institutional lender or investor (such approval in each case not to
be unreasonably withheld, conditioned or delayed) and the Borrower.

 

“Additional
Term Lender” means, at any time, any bank, financial institution or other institutional lender or investor that agrees
to provide any portion of any (a) Incremental Term Loans pursuant to an Incremental Facility Amendment in accordance with
Section 2.20 or (b) Credit Agreement Refinancing Indebtedness with respect to any existing Term Loans or Term Commitments,
as applicable, pursuant to a Refinancing Amendment in accordance with Section 2.21; provided that each Additional
Term Lender shall be subject to the approval of the Administrative Agent if such consent would be required under Section 9.04(b)
for an assignment of Term Loans or Term Commitments, as applicable, to such bank, financial institution or other institutional
lender or investor (such approval not to be unreasonably withheld, conditioned or delayed) and the Borrower.

 

“Adjusted LIBO
Rate” means, subject to Section 2.14, with respect to any Eurodollar Borrowing, for any Interest Period, a rate
per annum equal to the product of (i) the LIBO Rate as in effect at such time for such Interest Period and (ii) the Statutory Reserve
Rate; provided that the Adjusted LIBO Rate for any Interest Period shall not: (A) with respect to the Term Loans, be less
than 0.50% per annum and (B) with respect to the Revolving Loans, be less than 0.00% per annum.

 

“Administrative
Agent” means Goldman Sachs, in its capacity as administrative agent hereunder and under the other Loan Documents, and
its successors in such capacity as provided in Article VIII.

 

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

 

“Affected Class”
has the meaning specified in Section 2.24(a).

 

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

 

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

 

“Affiliated
Debt Fund” means any Affiliated Lender that is engaged in, or advises funds or other investment vehicles that are engaged
in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit or securities
in the ordinary course, and for which no personnel primarily responsible for making investment decisions in respect of the applicable
Sponsors’ equity interest in Holdings (or any direct or indirect parent thereof) has the right to make investment decisions.

 

“Affiliated
Lender” means, at any time, any Lender that is any of the Sponsors or an Affiliate of any of the Sponsors (other than
Holdings, the Borrower or any of their respective Subsidiaries) at such time.

 

“After Year
End Payment” has the meaning assigned to such term in Section 2.11(d).

 

“Agent”
means the Administrative Agent, the Collateral Agent, the Lead Arrangers, the Bookrunners and any successors and assigns in such
capacity, and “Agents” means two or more of them.

 

“Agent Parties”
has the meaning given to such term in Section 9.01(c).

 

“Agreement”
has the meaning given to such term in the preliminary statements hereto.

 

“Agreement Currency”
has the meaning given to such term in Section 9.18.

 

“Alternate
Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b)
the NYFRB Rate in effect on such day plus 1⁄2 of 1.00% and (c) the Adjusted LIBO Rate for a one month Interest Period on
such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%; provided that for the
purpose of this definition, the Adjusted LIBO Rate for any day shall be based on the LIBO Screen Rate (or if the LIBO Screen Rate
is not available for such one month Interest Period, the Interpolated Rate) at approximately 11:00 a.m. London time on such day;
provided further that the Adjusted LIBO Rate for any Interest Period shall not be less than (x) with respect
to Term Loans, 0.50% per annum, and (y) with respect to Revolving Loans, 0% per annum. Any change in the Alternate Base Rate due
to a change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate shall be effective from and including the effective date
of such change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate, respectively. If the Alternate Base Rate is being
used as an alternate rate of interest pursuant to Section 2.14 hereof (for the avoidance of doubt, only until the Benchmark
Replacement has been determined pursuant to Section 2.14), then the Alternate Base Rate shall be the greater of clause
(a) and (b) above and shall be determined without reference to clause (c) above.

 

“Anti-Corruption
Laws” means the U.S. Foreign Corrupt Practices Act of 1977, as amended, the U.K. Bribery Act 2010, and all other applicable
laws, rules, and regulations concerning or relating to bribery or corruption.

 

“Applicable
Account” means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by
the Administrative Agent from time to time for the purpose of receiving payments of such type.

 

“Applicable
Discount” has the meaning assigned to such term in Section 2.11(a)(ii)(C)(2).

 

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“Applicable
Fronting Exposure” means, with respect to any Person that is an Issuing Bank at any time, the sum of (a) the aggregate
amount of all Letters of Credit issued by such Person in its capacity as an Issuing Bank (if applicable) that remains available
for drawing at such time and (b) the aggregate amount of all LC Disbursements made by such Person in its capacity as an Issuing
Bank (if applicable) that have not yet been reimbursed by or on behalf of the Borrower at such time.

 

“Applicable
Percentage” means, at any time with respect to any Revolving Lender, the percentage of the aggregate Revolving Commitments
represented by such Lender’s Revolving Commitment at such time (or, if the Revolving Commitments have terminated or expired,
such Lender’s share of the total Revolving Exposure at that time); provided that, at any time any Revolving Lender
shall be a Defaulting Lender, “Applicable Percentage” shall mean the percentage of the total Revolving Commitments
(disregarding any such Defaulting Lender’s Revolving Commitment) represented by such Lender’s Revolving Commitment.
If the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Revolving
Commitments most recently in effect, giving effect to any assignments pursuant to this Agreement and to any Lender’s status
as a Defaulting Lender at the time of determination.

 

“Applicable
Rate” means, with respect to any Loan, the applicable rate per annum set forth in the tables below under the caption
 “ABR Loans” or “Eurodollar Loans”, as the case may be, based upon the First Lien Leverage Ratio as of last
day of the most recently ended Test Period for which financial statements, and the related Compliance Certificate, have been delivered
pursuant to Section 5.01(a) or (b) and Section 5.01(e); provided that until the financial statements, and the related Compliance
Certificate, for the fiscal year of the Borrower ending on February 28, 2021 are delivered pursuant to Section 5.01(a) (or, if
earlier, the financial statements for the fiscal quarter of the Borrower ending on May 31, 2021 are delivered pursuant to Section
5.01(b)) and Section 5.01(e), the “Applicable Rate” for each Loan shall be the applicable rate per annum set forth
below in Category I:

 

	Category	First Lien Leverage

 Ratio	Term Loans
	Eurodollar Loans	ABR Loans
	Category I	Equal to or Greater than 3.30 to 1.00	3.50%	2.50%
	Category II	Less than 3.30 to 1.00	3.25%	2.25%

 

 

	Category	First Lien Leverage 

Ratio	Revolving Loans
	Eurodollar Loans	ABR Loans
	Category I	Equal to or Greater than 3.80 to 1.00	3.00%	2.00%

 

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	Category	First Lien Leverage

 Ratio	Revolving Loans
	Eurodollar Loans	ABR Loans
	Category II	Less than 3.80 to 1.00 but equal to or greater than 3.30 to 1.00	2.75%	1.75%
	Category III	Less than 3.30 to 1.00	2.50%	1.50%

 

The Applicable Rate
shall be re-determined (and set) quarterly commencing on and including the Business Day following the date of delivery to the Administrative
Agent of the certified calculation of the First Lien Leverage Ratio in a Compliance Certificate delivered in accordance with Section
5.01(e); provided that if the Borrower fails to provide such certification when such certification is due, at the option
of the Administrative Agent or, in the case of Revolving Loans, a Majority in Interest of the Revolving Lenders, the Applicable
Rate shall be set at the margin in Category I as of the first day of the fiscal month following the date on which the certification
was required to be delivered until the date on which such certification is delivered (on which date (but not retroactively), without
constituting a waiver of any Default or Event of Default occasioned by the failure to timely deliver such certification, the Applicable
Rate shall be set at the margin based upon the calculations disclosed by such certification). In the event that the information
regarding the First Lien Leverage Ratio contained in any certificate delivered pursuant to Section 5.01(e) is shown to be inaccurate,
and such inaccuracy, if corrected, would have led to the application of a higher Applicable Rate for any period (an “Applicable
Period”) than the Applicable Rate actually applied for such Applicable Period, then (i) the Borrower shall, as promptly
as practicable, deliver to the Administrative Agent a correct certificate for such Applicable Period, (ii) the Applicable Rate
shall be determined as if the correct Applicable Rate (as set forth in the table above) were applicable for such Applicable Period,
and (iii) the Borrower shall, within five (5) Business Days of delivery of such correct certificate, deliver to the Administrative
Agent full payment in respect of the accrued additional interest as a result of such increased Applicable Rate for such Applicable
Period, which payment shall be promptly applied by the Administrative Agent to the affected Loan Document Obligations in accordance
with this Agreement.

 

“Approved Bank”
has the meaning assigned to such term in the definition of the term “Permitted Investments.”

 

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

 

“Article 55
BRRD” means Article 55 of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions
and investment firms.

 

“Asset Sale
Prepayment Percentage” means 100%.

 

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

 

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“Auction Agent”
means (a) the Administrative Agent or (b) any other financial institution or advisor employed by the Borrower (whether or not an
Affiliate of the Administrative Agent) to act as an arranger in connection with any Discounted Term Loan Prepayment pursuant to
Section 2.11(a)(ii)(A); provided that the Borrower shall not designate the Administrative Agent as the Auction Agent
without the written consent of the Administrative Agent (it being understood that the Administrative Agent shall be under no obligation
to agree to act as the Auction Agent).

 

“Audited Financial
Statements” means the audited consolidated balance sheet of the Borrower and its subsidiaries as of the end of, and the
related audited consolidated statements of comprehensive loss, cash flows and members’ equity of the Borrower and its subsidiaries
for, the fiscal years of the Borrower ended as of February 29, 2020, February 28, 2019 and February 28, 2018.

 

“Available Amount”
means, as of any date of determination, a cumulative amount equal to (without duplication and without duplication of any amount
included in the Available Equity Amount):

 

(a)               
the greater of $50,000,000 and 42.0% of Consolidated EBITDA for the most recently ended Test Period as of such time (the
 “Starter Basket”), plus

 

(b)               
the sum of an amount (which amount shall not be less than zero) equal to the sum of (x) Excess Cash Flow (but not less than
zero in any period) for the fiscal year ending on or about February 28, 2022 and (y) Excess Cash Flow for each succeeding completed
fiscal year as of such date, in each case, that was not required to prepay Term Borrowings pursuant to Section 2.11(d) (this
clause (b), the “Retained ECF Basket”), plus 

 

(c)               
returns, profits, distributions and similar amounts received in (or converted into) cash or Permitted Investments (and the
fair market value (as determined in good faith by the Borrower) of non-cash returns, profits, distributions and similar amounts)
by the Borrower and its Restricted Subsidiaries on Investments made using the Available Amount, plus

 

(d)              
Investments of the Borrower or any of its Restricted Subsidiaries in any Unrestricted Subsidiary made using the Available
Amount that has been re-designated as a Restricted Subsidiary or that has been merged or consolidated with or into the Borrower
or any of its Restricted Subsidiaries (in an amount equal to the fair market value (as determined in good faith by the Borrower)
of the Investments of the Borrower and its Restricted Subsidiaries in such Unrestricted Subsidiary at the time of such re-designation
or merger or consolidation (provided that in the case of original investments made in cash, the fair market value shall
be such cash value)), plus

 

(e)              
the Net Proceeds of a sale or other Disposition received by Holdings, the Borrower or any Restricted Subsidiary (i) of any
Unrestricted Subsidiary (including the issuance of stock of an Unrestricted Subsidiary) or (ii) of Investments made using the Available
Amount, plus 

 

(f)                
to the extent not included in Consolidated Net Income, dividends or other distributions or returns on capital received in
cash or Permitted Investments by the Borrower or any Restricted Subsidiary from an Unrestricted Subsidiary, plus 

 

(g)                without
duplication of any amount included in the Available Equity Amount, the fair market value (as determined in good faith by the
Borrower) of other property (other than contributions in the form of cash or Permitted Investments) received by the Borrower
since the Effective Date from any Person (other than a Loan Party or Restricted Subsidiary) as a capital contribution or in
exchange for Qualified Equity Interests of the Borrower or any of its direct or indirect parent entities which are then
contributed to the Borrower after the Effective Date for Qualified Equity Interests of the Borrower, plus

 

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(h)               
the aggregate amount of any Retained Declined Proceeds since the Effective Date.

 

“Available Closing
Date Equity” has the meaning assigned to such term in the Acquisition Agreement (as in effect on the Signing Date).

 

“Available Equity
Amount” means a cumulative amount equal to (without duplication, and without duplication of any amount included in the
Available Amount):

 

(a)               
without duplication of any amount included in the Available Amount, the Net Proceeds of new public or private issuances
after the Effective Date of Qualified Equity Interests (excluding (i) Qualified Equity Interests the proceeds of which will be
applied as Cure Amounts, (ii) the Available Closing Date Equity (other than to the extent contributed to the Borrower) and (iii)
any other Qualified Equity Interests used for, or otherwise having the effect of increasing, any other basket under this Agreement)
of any parent of the Borrower which are contributed to the Borrower, plus

 

(b)               
capital contributions received by the Borrower after the Effective Date in cash or Permitted Investments (and the fair market
value (as determined in good faith by the Borrower) of non-cash capital contributions) in respect of Qualified Equity Interests
(excluding (i) Qualified Equity Interests the proceeds of which will be applied as Cure Amounts, (ii) the Available Closing Date
Equity (other than to the extent received by the Borrower) and (iii) any other Qualified Equity Interests used for, or otherwise
having the effect of increasing, any other basket under this Agreement), plus

 

(c)               
the net cash proceeds received by Holdings, any Intermediate Parent, the Borrower or any Restricted Subsidiary from Indebtedness
and Disqualified Equity Interest issuances issued after the Effective Date and which have been exchanged or converted into Qualified
Equity Interests, plus

 

(d)               
returns, profits, distributions and similar amounts received in cash or Permitted Investments by the Borrower or any Restricted
Subsidiary on Investments made using the Available Equity Amount (not to exceed the original amount of such Investments).

 

“Available General
RP Capacity Amount” shall mean (i) the amount of Restricted Payments that may be made at the time of determination pursuant
to Section 6.07(a)(xv) plus (ii) the amount of prepayments, redemptions, purchases, defeasances and other payments in respect
of any Junior Financing that may be made at the time of determination pursuant to Section 6.07(b)(vi)(A) minus (iii) the
sum of the amount of the Available General RP Capacity Amount utilized by the Borrower or any Restricted Subsidiary prior to such
time to make (a) Restricted Payments pursuant to Section 6.07(a)(xv), (b) prepayments, redemptions, purchases, defeasances
and other payments in respect of any Junior Financing pursuant to Section 6.07(b)(vi)(A), (c) Investments pursuant to Section
6.04(m)(A)(ii) utilizing the Available General RP Capacity Amount or (d) prepayments, redemptions, purchases, defeasances and
other payments in respect of any Junior Financing pursuant to Section 6.07(b)(vi)(B) utilizing the Available General RP
Capacity Amount.

 

“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, regulation rule 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).

 

“Bankruptcy
Code” means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.

 

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

 

“Basel III”
means: (i) the agreements on capital requirements, a leverage ratio and liquidity standards contained in “Basel III: A global
regulatory framework for more resilient banks and banking systems”, “Basel III: International framework for liquidity
risk measurement, standards and monitoring” and “Guidance for national authorities operating the countercyclical capital
buffer” published by the Basel Committee on Banking Supervision on 16 December 2010, each as amended, supplemented or restated;
(ii) the rules for global systemically important banks contained in “Global systemically important banks: assessment methodology
and the additional loss absorbency requirement – Rules text” published by the Basel Committee on Banking Supervision
in November 2011, as amended, supplemented or restated; and (iii) any further guidance or standards published by the Basel Committee
on Banking Supervision relating to Basel III.

 

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

 

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

 

“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.

 

“Board of Directors”
means, with respect to any Person, (a) in the case of any corporation, the board of directors of such Person or any committee
thereof duly authorized to act on behalf of such board, (b) in the case of any limited liability company, the board of managers,
board of directors, manager or managing member of such Person or the functional equivalent of the foregoing or any committee thereof
duly authorized to act on behalf of such board, manager or managing member, (c) in the case of any partnership, the board
of directors or board of managers of the general partner of such Person and (d) in any other case, the functional equivalent
of the foregoing.

 

    -8-

     

    

 

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

 

“Bookrunner”
means each of Goldman Sachs, Credit Suisse Loan Funding LLC, Golub Capital LLC, Deutsche Bank Securities Inc., Jefferies Finance
LLC and Blackstone Holdings Finance Co. L.L.C., each in its capacity as a bookrunner.

 

“Borrower”
has the meaning assigned to such term in the preliminary statements hereto.

 

“Borrower Materials”
has the meaning assigned to such term in Section 5.01.

 

“Borrower Offer
of Specified Discount Prepayment” means the offer by the Borrower to make a voluntary prepayment of Term Loans at a Specified
Discount to par pursuant to Section 2.11(a)(ii)(B).

 

“Borrower Solicitation
of Discounted Prepayment Offers” means the solicitation by the Borrower of offers for, and the subsequent acceptance,
if any, by a Term Lender of, a voluntary prepayment of Term Loans at a discount to par pursuant to Section 2.11(a)(ii)(D).

 

“Borrower Solicitation
of Discount Range Prepayment Offers” means the solicitation by the Borrower of offers for, and the corresponding acceptance
by a Term Lender of, a voluntary prepayment of Term Loans at a specified range at a discount to par pursuant to Section 2.11(a)(ii)(C).

 

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

 

“Borrowing Minimum”
means (a) in the case of a Eurodollar Revolving Borrowing, $500,000 and (b) in the case of an ABR Revolving Borrowing, $250,000.

 

“Borrowing Multiple”
means (a) in the case of a Eurodollar Revolving Borrowing, $500,000 and (b) in the case of an ABR Revolving Borrowing, $250,000.

 

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

 

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

 

“Capital Lease
Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other
arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to
be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations
shall be the capitalized amount thereof determined in accordance with GAAP. For purposes of Section 6.02, a Capital
Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned
by the lessee.

 

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

 

    -9-

     

    

 

“Capitalized
Leases” means all leases that have been or should be, in accordance with GAAP as in effect prior to the adoption of ASU
2016-02, Leases, recorded as capitalized leases; provided that for all purposes hereunder the amount of obligations under
any Capitalized Lease shall be the amount thereof accounted for as a liability in accordance with GAAP as in effect prior to the
adoption of ASU 2016-02, Leases.

 

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

 

“Cash Management
Obligations” means (a) obligations of Holdings, any Intermediate Parent, the Borrower or any Subsidiary in respect of
any overdraft and related liabilities arising from treasury, depository, cash pooling arrangements and cash management services
or any automated clearing house transfers of funds and (b) other obligations in respect of netting services, employee credit or
purchase card programs and similar arrangements.

 

“Cash Management
Services” has the meaning assigned to such term in the definition of “Secured Cash Management Obligations”.

 

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

 

“Change in Law”
means: (a) the adoption of any rule, regulation, treaty or other law after the date of this Agreement, (b) any change in any
rule, regulation, treaty or other law or in the administration, interpretation or application thereof by any Governmental Authority
after the date of this Agreement or (c) the making or issuance of any request, guideline or directive (whether or not having the
force of law) of any Governmental Authority made or issued after the date of this Agreement; provided that notwithstanding
anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all rules, regulations,
guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated
by the Bank of 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,” to the extent enacted, adopted, promulgated or issued after the date of this Agreement, but only to
the extent such rules, regulations, or published interpretations or directives are applied to Holdings and its Subsidiaries by
the Administrative Agent or any Lender in substantially the same manner as applied to other similarly situated borrowers under
comparable syndicated credit facilities, including for purposes of Section 2.15.

 

“Change of
Control” means (a) the failure of Holdings, directly or indirectly through Wholly Owned Subsidiaries, to own all of
the Equity Interests of the Borrower, (b) the acquisition of beneficial ownership, directly or indirectly, by any Person or
group, other than the Permitted Holders (directly or indirectly, including through one or more holding companies), of Equity
Interests representing 35% or more of the aggregate ordinary voting power represented by the issued and outstanding Equity
Interests in the Public Parent and the percentage of the aggregate ordinary voting power so held is greater than the
percentage of the aggregate ordinary voting power represented by the Equity Interests in the Public Parent held by the
Permitted Holders, unless the Permitted Holders (directly or indirectly, including through one of more holding companies)
otherwise have the right (pursuant to contract, proxy or otherwise), directly or indirectly, to designate, nominate or
appoint (and do so designate, nominate or appoint) a majority of the Board of Directors of Holdings or the Public Parent or
(c) the occurrence of a “Change of Control” (or similar event, however denominated), as defined in the
documentation governing any Junior Financing that is Material Indebtedness.

 

    -10-

     

    

 

For purposes of this
definition, (i) “beneficial ownership” shall be as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act, (ii)
the phrase “Person or group” is within the meaning of Section 13(d) or 14(d) of the Exchange Act, but excluding any
employee benefit plan of such Person or “group” and its subsidiaries and any Person acting in its capacity as trustee,
agent or other fiduciary or administrator of any such plan, and (iii) if any Person or “group” includes one or more
Permitted Holders, the issued and outstanding Equity Interests of Holdings, the Public Parent or the Borrower, as applicable, directly
or indirectly owned by the Permitted Holders that are part of such Person or “group” shall not be treated as being
owned by such Person or “group” for purposes of determining whether clause (b) of this definition is triggered.

 

“CFC”
means a “controlled foreign corporation” within the meaning of Section 957 of the Code.

 

“CFC Holdco”
means any direct or indirect Domestic Subsidiary that has no material assets other than Equity Interests and debt, if any, in one
or more direct or indirect Foreign Subsidiaries that are CFCs.

 

“Class”
when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are Revolving Loans, Other Revolving Loans, Initial Term Loans, Incremental Term Loans or Other Term Loans, (b) any Commitment,
refers to whether such Commitment is a Revolving Commitment, Other Revolving Commitment, Term Commitment or Other Term Commitment
and (c) any Lender, refers to whether such Lender has a Loan or Commitment with respect to a particular Class of Loans or
Commitments. Other Term Commitments, Other Term Loans, Other Revolving Commitments (and the Other Revolving Loans made pursuant
thereto) and Incremental Term Loans that have different terms and conditions shall be construed to be in different Classes.

 

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

 

“Collateral”
means any and all assets, whether real or personal, tangible or intangible, on which Liens are purported to be granted pursuant
to the Security Documents as security for the Secured Obligations.

 

“Collateral
Agent” means Goldman Sachs, in its capacity as Collateral Agent hereunder and under the other Loan Documents, and its
successors in such capacity as provided in Article VIII.

 

“Collateral
Agreement” means the Collateral Agreement among the Borrower, each other Loan Party and the Collateral Agent, substantially
in the form of Exhibit D.

 

“Collateral
and Guarantee Requirement” means, at any time, the requirement that:

 

(a)               
the Administrative Agent shall have received from

 

    -11-

     

    

 

(i)               
 Holdings, any Intermediate Parent, the Borrower, each other Loan Party and each of the other Restricted Subsidiaries (other
than any Excluded Subsidiary) either (x) a counterpart of the Guarantee Agreement duly executed and delivered on behalf of
such Person or (y) in the case of any Person that becomes a Loan Party after the Effective Date (including by ceasing to be
an Excluded Subsidiary), a supplement to the Guarantee Agreement, in substantially the form specified therein, duly executed and
delivered on behalf of such Person, and

 

(ii)              
Holdings, any Intermediate Parent, the Borrower and each other Loan Party either (x) a counterpart of the Collateral
Agreement duly executed and delivered on behalf of such Person or (y) in the case of any Person that becomes a Loan Party
after the Effective Date (including by ceasing to be an Excluded Subsidiary), a supplement to the Collateral Agreement, in substantially
the form specified therein, duly executed and delivered on behalf of such Person;

 

in each case
under this clause (a) together with, in the case of any such Loan Documents executed and delivered after the Effective Date,
to the extent reasonably requested by the Administrative Agent, opinions and documents of the type referred to in Sections 4.01(b)
and 4.01(d);

 

(b)               
subject to Section 5.14, all outstanding Equity Interests of the Borrower and each Restricted Subsidiary (other than
any Equity Interests constituting Excluded Assets or Equity Interests of Immaterial Subsidiaries) owned by or on behalf of any
Loan Party, shall have been pledged pursuant to the Collateral Agreement, and the Administrative Agent shall have received certificates,
if any, of such entity reflecting the pledge, or other instruments, if any, representing all such Equity Interests (other than
such Equity Interests in Immaterial Subsidiaries), together with undated stock powers or other instruments of transfer with respect
thereto endorsed in blank;

 

(c)               
subject to Section 5.14, (i) if any intercompany Indebtedness for borrowed money of Holdings, any Intermediate Parent,
the Borrower, any other Loan Party or any Subsidiary in a principal amount of $7,500,000 or more is owing by such obligor to any
Loan Party and such Indebtedness shall be evidenced by a promissory note, such promissory note shall be pledged pursuant to the
Collateral Agreement, and the Administrative Agent shall have received all such promissory notes, together with undated instruments
of transfer with respect thereto endorsed in blank; provided, however, that the foregoing delivery requirement with respect
to any intercompany indebtedness may be satisfied by delivery of an omnibus or global intercompany note executed by all Loan Parties
as payees and all such obligors as payors in the form of the Master Intercompany Note and (ii) if any Indebtedness for borrowed
money of any Person that is not a Loan Party or a Restricted Subsidiary in a principal amount of $7,500,000 or more is owing by
such obligor to any Loan Party and such Indebtedness is evidenced by a promissory note, such promissory note shall be pledged pursuant
to the Collateral Agreement and the Administrative Agent shall have received all such promissory notes, together with undated instruments
of transfer with respect thereto endorsed in blank;

 

(d)                with
respect to any Collateral owned by any Loan Party, all certificates, agreements, documents and instruments, including Uniform
Commercial Code financing statements and Intellectual Property Security Agreements required by this Agreement, the Security
Documents, Requirements of Law and reasonably requested by the Administrative Agent to be filed, delivered, registered or
recorded to create the Liens intended to be created by the Security Documents and perfect such Liens to the extent required
by, and with the priority required by, this Agreement, the Security Documents and the other provisions of the term
 “Collateral and Guarantee Requirement,” shall have been filed, registered or recorded or delivered to the
Administrative Agent for filing, registration or recording; and

 

    -12-

     

    

 

(e)               
the Administrative Agent shall have received (i) counterparts of a Mortgage with respect to each Material Real Property
duly executed and delivered by the record owner of such Mortgaged Property; provided, that, to the extent any Mortgaged
Property is located in a jurisdiction that imposes mortgage recording taxes, intangibles tax, documentary tax or similar recording
fees or taxes, the Administrative Agent will cooperate with the Borrower or the applicable Loan Party in order to minimize the
amount of tax payable in connection with such Mortgage as permitted by, and in accordance with, applicable law including, to the
extent permitted by applicable law, limiting the amount secured by such Mortgage to the book value of such Mortgaged Property,
as reasonably determined by the Borrower, if such limitation results in such mortgage tax being calculated based upon such book
value, (ii) a policy or policies of title insurance (or marked unconditional commitment to issue such policy or policies)
issued by a nationally recognized title insurance company insuring the Lien of each such Mortgage as a first priority Lien on the
Mortgaged Property described therein, free of any other Liens except as expressly permitted by Section 6.02, together
with such customary lender’s endorsements (other than a creditor’s rights endorsement) as the Administrative Agent
may reasonably request to the extent available in the applicable jurisdiction at commercially reasonable rates (it being agreed
that the Administrative Agent shall accept zoning reports from a nationally recognized zoning company in lieu of zoning endorsements
to such title insurance policies), in an amount equal to the fair market value of such Mortgaged Property or as otherwise reasonably
agreed by the parties; provided that in no event will the Borrower be required to obtain independent appraisals of such
Mortgaged Properties, unless required by FIRREA, (iii) a completed “Life-of-Loan” Federal Emergency Management Agency
standard flood hazard determination with respect to each Mortgaged Property, and if any Mortgaged Property is located in an area
determined by the Federal Emergency Management Agency (or any successor agency) to be located in special flood hazard area, a duly
executed notice about special flood hazard area status and flood disaster assistance and evidence of such flood insurance as provided
in Section 5.07(b), (iv) opinions, addressed to the Administrative Agent and the Secured Parties, from counsel qualified
to opine in each jurisdiction where a Mortgaged Property is located regarding the enforceability of the Mortgage such other matters
as may be in form and substance reasonably satisfactory to the Administrative Agent, (v) a survey or existing survey together with
a no change affidavit of such Mortgaged Property, in compliance with the 2016 Minimum Standard Detail Requirements for ALTA/NSPS
Land Title Surveys or such other ALTA/NSPS requirements as are in effect on the date of preparation of such survey and otherwise
reasonably satisfactory to the Administrative Agent, and (vi) evidence of payment of title insurance premiums and expenses and
all recording, mortgage, transfer and stamp taxes and fees payable in connection with recording the Mortgage, any amendments thereto
and any fixture filings in appropriate county land office(s).

 

    -13-

     

    

 

Notwithstanding
the foregoing provisions of this definition or anything in this Agreement or any other Loan Document to the contrary,
(a) the foregoing provisions of this definition shall not require the creation or perfection of pledges of or security
interests in, or the obtaining of title insurance, legal opinions or other deliverables with respect to, particular assets of
the Loan Parties, or the provision of Guarantees by any Subsidiary, if, and for so long as the Administrative Agent and the
Borrower reasonably agree in writing that the cost, burden, difficulty or consequence of creating or perfecting such pledges
or security interests in such assets, or obtaining such title insurance, legal opinions or other deliverables in respect of
such assets, or providing such Guarantees (taking into account any adverse tax consequences to Holdings and its Affiliates
(including the imposition of withholding or other material taxes)), outweighs the benefits to be obtained by the Lenders
therefrom; (b) Liens required to be granted from time to time pursuant to the term “Collateral and Guarantee
Requirement” shall be subject to exceptions and limitations set forth in the Security Documents; (c) [reserved]; (d) in
no event shall any Loan Party be required to complete any filings or other action with respect to the perfection of security
interests in any jurisdiction outside of the United States, and no actions in any non-U.S. jurisdiction or required by the
laws of any non-U.S. jurisdiction shall be required to be taken, nor shall the Administrative Agent be authorized to take any
such action, to create any security interests in assets located or titled outside of the United States or to perfect or make
enforceable any security interests in any such assets (it being understood that there shall be no security agreements or
pledge agreements governed under the laws of any non-U.S. jurisdiction) (provided, that to the extent a non-U.S.
Subsidiary ceases to be an Excluded Subsidiary and becomes a Guarantor pursuant to clause (a)(i) above, the applicable
Loan Parties and the Administrative Agent (or its designees) shall enter into such customary local law security agreements
and/or make such local law filings as may be reasonably and mutually agreed); (e) in no event shall any Loan Party be
required to complete any filings or other action with respect to perfection of security interests in assets subject to
certificates of title beyond the filing of UCC financing statements; (f)(i) in the case of intercompany debt described in the
first clause (c)(i) of this definition, other than the filing of UCC financing statements and the delivery of the
Master Intercompany Note, no perfection shall be required with respect to promissory notes evidencing such debt for borrowed
money in a principal amount (individually) of less than $10,000,000 and (ii) in the case of third party debt described in the
first clause (c)(ii) of this definition, other than the filing of UCC financing statements, no perfection shall be
required with respect to promissory notes evidencing such debt for borrowed money in a principal amount (individually) of
less than $10,000,000; (g) in no event shall any Loan Party be required to complete any filings or other action with respect
to security interests in Intellectual Property beyond the filing of Intellectual Property Security Agreements with the United
States Patent and Trademark Office or the United States Copyright Office; (h) no actions shall be required to perfect a
security interest in letter of credit rights (other than the filing of UCC financing statements), except to the extent
constituting a supporting obligation for other Collateral as to which perfection is accomplished by the filing a UCC
financing statement; and (i) in no event shall the Collateral include any Excluded Assets. The Administrative Agent may grant
extensions of time for the creation and perfection of security interests in or the obtaining of title insurance, legal
opinions or other deliverables with respect to particular assets or the provision of any Guarantee by any Subsidiary
(including extensions beyond the Effective Date or in connection with assets acquired, or Subsidiaries formed or acquired,
after the Effective Date) and any other obligations under this definition where it determines that such action cannot be
accomplished without undue effort or expense by the time or times at which it would otherwise be required to be accomplished
by this Agreement or the Security Documents.

 

“Commitment”
means with respect to any Lender, its Revolving Commitment, Other Revolving Commitment of any Class, Term Commitment, Other Term
Commitment of any Class or any combination thereof (as the context requires).

 

“Commitment
Fee Percentage” means 0.375% per annum (or, if at any time following delivery of the consolidated financial statements
pursuant to Section 5.01(a) or Section 5.01(b) (commencing with the consolidated financial statements delivered pursuant to Section
5.01(a) for the fiscal period ending February 28, 2021 (or, if delivered earlier, the consolidated financial statements delivered
pursuant to Section 5.01(b) for the fiscal period ending May 31, 2021)), the First Lien Leverage Ratio is less than or equal to
3.80 to 1.00, 0.25% per annum).

 

“Commitment
Parties” means Goldman Sachs, Credit Suisse Loan Funding LLC, Credit Suisse AG, Golub Capital LLC, Deutsche Bank Securities
Inc., Deutsche Bank AG New York Branch, Jefferies Finance LLC and Blackstone Holdings Finance Co. L.L.C..

 

“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.

 

    -14-

     

    

 

“Compliance
Certificate” has the meaning assigned to such term in Section 5.01(e).

 

“Consolidated
Cash Interest Charges” means, for any period, the total interest expense of the Borrower and its Restricted Subsidiaries
for such period determined on a consolidated basis net of any interest income, which shall be determined on a cash basis only and
solely in respect of Indebtedness of the type described in the definition of Consolidated Total Indebtedness and excluding, for
the avoidance of doubt, (i) any non-cash interest expense and any capitalized interest, whether paid or accrued, (ii) the amortization
of original issue discount resulting from the issuance of Indebtedness at less than par, (iii) amortization of deferred financing
costs, debt issuance costs, commissions, fees and expenses (including agency costs, amendment, consent or other front end, one-off
or similar non-recurring fees), (iv) any expenses resulting from discounting of indebtedness in connection with the application
of recapitalization accounting or purchase accounting, (v) penalties or interest related to taxes and any other amounts of non-cash
interest resulting from the effects of acquisition method accounting or pushdown accounting, (vi) the accretion or accrual of,
or accrued interest on, discounted liabilities (other than Indebtedness) during such period, (vii) non-cash interest expense attributable
to the movement of the mark-to-market valuation of obligations under hedging agreements or other derivative instruments pursuant
to FASB Accounting Standards Codification No. 815-Derivatives and Hedging, (viii) any one-time cash costs associated with breakage
in respect of Swap Agreements for interest rates, (ix) any payments with respect to make whole premiums, commissions or other breakage
costs of any Indebtedness, (x) all non-recurring interest expense consisting of liquidated damages for failure to timely comply
with registration rights obligations, all as calculated on a consolidated basis in accordance with GAAP, (xi) expensing of bridge,
arrangement, structuring, commitment, fronting or other financing fees, (xii) fees and expenses (including any penalties and interest
relating to Taxes but excluding any bona fide interest expense) associated with the consummation of the Transactions, (xiii) agency
fees paid to the administrative agents and collateral agents under any credit facilities or other debt instruments or documents
and (xiv) fees (including any ticking fees) and expenses (including any penalties and interest relating to Taxes) associated with
any Investment not prohibited by Section 6.04 or the issuance of Equity Interests or Indebtedness (in each case excluding
any bona fide interest expense).

 

“Consolidated
EBITDA” means, for any period, Consolidated Net Income for such period, plus:

 

(a)               
without duplication and to the extent already deducted (and not added back) in arriving at such Consolidated Net Income,
the sum of the following amounts for such period:

 

(i)                
total interest expense and, to the extent not reflected in such total interest expense, the sum of (A) premium payments,
debt discount, fees, charges and related expenses incurred in connection with borrowed money (including capitalized interest) or
in connection with the deferred purchase price of assets plus (B) the portion of rent expense with respect to such period
under Capitalized Leases that is treated as interest expense in accordance with GAAP plus (C) the implied interest component
of synthetic leases with respect to such period plus (D) any losses on hedging obligations or other derivative instruments
entered into for the purpose of hedging interest rate risk, net of interest income and gains on such hedging obligations or such
derivative instruments plus (E) bank and letter of credit fees and costs of surety bonds in connection with financing activities,
plus (F) amortization or write-off of deferred financing fees, debt issuance costs, debt discount or premium, terminated
hedging obligations and other commissions, financing fees and expenses and, adjusted, to the extent included, to exclude any refunds
or similar credits received in connection with the purchasing or procurement of goods or services under any purchasing card or
similar program;

 

(ii)               provision
for taxes based on income, profits, revenue or capital and sales taxes, including federal, foreign, state, franchise, excise,
and similar taxes paid or accrued during such period (including in respect of repatriated funds) including penalties and
interest related to such taxes or arising from any tax examinations;

 

    -15-

     

    

 

 

(iii)           
Non-Cash Charges;

 

(iv)           operating
expenses incurred on or prior to the Effective Date attributable to (A) salary obligations paid to employees terminated prior
to the Effective Date and (B) wages paid to executives in excess of the amounts Holdings, any Intermediate Parent, the Borrower
and/or any of its Restricted Subsidiaries are required to pay pursuant to their respective employment agreements;

 

(v)            [Intentionally
omitted];

 

(vi)           severance,
relocation costs, integration and facilities’ opening costs and other business optimization expenses and operating improvements
(including related to new product introductions and any operating expenses, losses or charges related to the implementation of
cost savings initiatives, operating expense reductions and other similar initiatives), recruiting fees, signing costs, reserve,
retention, recruiting, relocation and signing bonuses and expenses, transition costs, costs related to closure/consolidation of
facilities, internal costs in respect of strategic initiatives and curtailments or modifications to pension and post-retirement
employee benefit plans (including any settlement of pension liabilities), contract terminations, professional and consulting fees
incurred in connection with any of the foregoing and other one-time and nonoperational costs and expenses;

 

(vii)         
restructuring charges, accruals or reserves (including restructuring and integration costs related to acquisitions and adjustments
to existing reserves), whether or not classified as restructuring expense on the consolidated financial statements;

 

(viii)         the amount of any non-controlling interest consisting of income attributable to non-controlling interests of third parties
in any Non-Wholly Owned Subsidiary deducted (and not added back in such period) in calculating Consolidated Net Income, excluding
cash distributions in respect thereof;

 

(ix)           
losses on asset sales, disposals or abandonments (other than asset sales, disposals or abandonments in the ordinary course
of business);

 

(x)             any
non-cash loss attributable to the mark to market movement in the valuation of any Equity Interests, and hedging obligations or
other derivative instruments (in each case, including pursuant to Financial Accounting Standards Codification No. 815—Derivatives
and Hedging);

 

(xi)            any
loss relating to amounts paid in cash prior to the stated settlement date of any hedging obligation that has been reflected in
Consolidated Net Income for such period;

 

(xii)           any gain relating to hedging obligations that has been reflected in Consolidated Net Income in prior periods and excluded
from Consolidated EBITDA pursuant to clause (c)(iv) below;

 

(xiii)          any
net pension or other post-employment benefit costs representing amortization of unrecognized prior service costs, actuarial losses,
including amortization of such amounts arising in prior periods, amortization of the unrecognized net obligation (and loss or
cost) existing at the date of initial application of FASB Accounting Standards Codification 715, and any other items of a similar
nature;

 

    -16-

     

    

 

(xiv)        
charges, losses, lost profits, expenses (including litigation expenses, fee and charges) or write-offs to the extent indemnified
or insured by a third party, including expenses or losses covered by indemnification provisions or by any insurance provider in
connection with the Transactions, a Permitted Acquisition or any other acquisition or Investment, disposition or any Casualty
Event, in each case, to the extent that coverage has not been denied and so long as such amounts are actually reimbursed in cash
within one year after the related amount is first added to Consolidated EBITDA pursuant to this clause (xiv) (and if not
so reimbursed within one year, such amount shall be deducted from Consolidated EBITDA during the next measurement period);

 

(xv)           cash
receipts (or any netting arrangements resulting in reduced cash expenses) not included in Consolidated EBITDA in any period to
the extent non-cash gains relating to such receipts were deducted in the calculation of Consolidated EBITDA pursuant to clause
(c) below for any previous period and not added back;

 

(xvi)         
Earn-Out payments, contingent consideration obligations (including to the extent accounted for as bonuses or otherwise)
and adjustments thereof and purchase price adjustments incurred in connection with any acquisition or other investment (including
any acquisition or other investment consummated prior to the Effective Date) which are paid or accrued during the applicable period;

 

(xvii)        
 Public Company Costs;

 

(xviii)        costs and expenses incurred relating to environmental remediation, litigation or other disputes in respect of events and
exposures that occurred prior to the Effective Date;

 

(xix)         
non-recurring professional services costs;

 

(xx)           charges
attributable to, and payments of, legal settlements, fines, judgments or orders;

 

(xxi)         
changes in total deferred revenue and billings-based adjustments (without giving effect to foreign currency fluctuations)
in order to provide for “Total Contract Value (TCV) billings” Consolidated EBITDA calculations;

 

(xxii)        
other adjustments and add backs of the nature or of the type identified or set forth in: (A) the Model and (B) the quality
of earnings delivered in connection with the Transactions; plus

 

(b)          without
duplication, (i) the amount of “run rate” cost savings, operating expense reductions and synergies related to any
Specified Transaction, any restructuring, any business optimization activities, cost saving initiatives and operating improvements
or other initiatives that are reasonably identifiable and projected by the Borrower in good faith to result from actions that
either have been taken, with respect to which substantial steps have been taken or that are expected to be taken within 24 months
after the end of the relevant Test Period (including actions initiated prior to the Effective Date) (in the good faith determination
of the Borrower) (which cost savings, operating expense reductions and synergies shall be added to Consolidated EBITDA until fully
realized and calculated on a pro forma basis as though such cost savings, operating expense reductions and synergies had been
realized on the first day of the relevant period), net of the amount of actual benefits realized from such actions; provided
that no cost savings, operating expense reductions or synergies shall be added pursuant to this clause (b) to the extent
duplicative of any expenses or charges relating to such cost savings, operating expense reductions, other operating improvements
or synergies that are included above or in the definition of “Pro Forma Basis” (it being understood and agreed that
 “run rate” shall mean the full recurring benefit that is associated with any action taken); provided, further,
that all amounts added to Consolidated EBITDA pursuant to this clause (b) for any Test Period, when combined with
all amounts added to Consolidated EBITDA pursuant to clause (a) of the definition of “Pro Forma Basis” for such Test
Period, shall not exceed 25% of Consolidated EBITDA for such Test Period (such 25% limit to be calculated after giving effect
to any amounts added to Consolidated EBITDA pursuant to this clause (b) or clause (a) of the definition of “Pro
Forma Basis” for such Test Period and excluding amounts that would be permitted to be included in pro forma financial statements
prepared in accordance with Regulation S-X of the Securities Act of 1933, as amended, and adjustments supported by a quality of
earnings report prepared by independent registered public accountants of recognized national standing or any other accounting
firm reasonably acceptable to the Administrative Agent (so long as such quality of earnings report is delivered to the Administrative
Agent)); less

 

    -17-

     

    

 

(c)          without
duplication and to the extent included in arriving at such Consolidated Net Income, the sum of the following amounts for such
period:

 

(i)              non-cash
gains (excluding any non-cash gain to the extent it represents the reversal of an accrual or reserve for a potential cash item
that reduced Consolidated Net Income or Consolidated EBITDA in any prior period);

 

(ii)             any
non-cash gain attributable to the mark to market movement in the valuation of any Equity Interests, and hedging obligations or
other derivative instruments (in each case, including pursuant to Financial Accounting Standards Codification No. 815—Derivatives
and Hedging);

 

(iii)            any
gain relating to amounts received in cash prior to the stated settlement date of any hedging obligation that has been reflected
in Consolidated Net Income in such period;

 

(iv)          
any loss relating to hedging obligations that has been reflected in Consolidated Net Income in prior periods and excluded
from Consolidated EBITDA pursuant to clauses (a)(xi) and (a)(xii) above; and

 

(v)            the
amount of any non-controlling interest consisting of loss attributable to non-controlling interests of third parties in any Non-Wholly
Owned Subsidiary added (and not deducted in such period) to Consolidated Net Income;

 

in each case, as determined
on a consolidated basis for the Borrower and its Restricted Subsidiaries in accordance with GAAP; provided that:

 

(I)           to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA currency translation
gains and losses related to currency remeasurements of assets or liabilities (including the net loss or gain resulting from hedging
agreements for currency exchange risk and revaluations of intercompany balances),

 

(II)          to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA for any period
any adjustments resulting from the application of Financial Accounting Standards Codification No. 815—Derivatives and Hedging,

 

(III)        there
shall be included in determining Consolidated EBITDA for any period, without duplication, (A) to the extent not included
in Consolidated Net Income, the Acquired EBITDA of any Person, property, business or asset acquired by the Borrower or any
Restricted Subsidiary during such period (other than any Unrestricted Subsidiary) to the extent not subsequently sold,
transferred or otherwise disposed of (but not including the Acquired EBITDA of any related Person, property, business or
assets to the extent not so acquired) (each such Person, property, business or asset acquired, an “Acquired Entity
or Business”), and the Acquired EBITDA of any Unrestricted Subsidiary that is converted into a Restricted
Subsidiary during such period (each, a “Converted Restricted Subsidiary”), in each case based on the
Acquired EBITDA of such Pro Forma Entity for such period (including the portion thereof occurring prior to such acquisition
or conversion) determined on a historical Pro Forma Basis and (B) in the case of any Person that is not a Subsidiary or that
is accounted for by the equity method of accounting, the Consolidated EBITDA of such Person multiplied by the ownership
percentage of the Borrower or applicable Restricted Subsidiary therein;

 

    -18-

     

    

 

(IV)        there shall be (A) to the extent included in Consolidated Net Income, excluded in determining Consolidated EBITDA for any
period the Disposed EBITDA of any Person, property, business or asset (other than any Unrestricted Subsidiary) sold, transferred
or otherwise disposed of, closed or classified as discontinued operations in accordance with GAAP (other than (x) if so classified
on the basis that it is being held for sale unless such sale has actually occurred during such period and (y) for periods prior
to the applicable sale, transfer or other disposition, if the Disposed EBITDA of such Person, property, business or asset is positive
(i.e., if such Disposed EBITDA is negative, it shall be added back in determining Consolidated EBITDA for any period)) by the Borrower
or any Restricted Subsidiary during such period (each such Person, property, business or asset so sold, transferred or otherwise
disposed of, closed or classified, a “Sold Entity or Business”), and the Disposed EBITDA of any Restricted Subsidiary
that is converted into an Unrestricted Subsidiary during such period (each, a “Converted Unrestricted Subsidiary”),
in each case based on the Disposed EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary for such period
(including the portion thereof occurring prior to such sale, transfer, disposition, closure, classification or conversion) determined
on a historical Pro Forma Basis and (B) to the extent not included in Consolidated Net Income, included in determining Consolidated
EBITDA for any period in which a Sold Entity or Business is disposed, an adjustment equal to the Pro Forma Disposal Adjustment
with respect to such Sold Entity or Business (including the portion thereof occurring prior to such disposal) as specified in the
Pro Forma Disposal Adjustment certificate delivered to the Administrative Agent (for further delivery to the Lenders); and

 

(V)        
to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA any expense
(or income) as a result of adjustments recorded to contingent consideration liabilities relating to the Transaction or any Permitted
Acquisition (or other Investment permitted hereunder).

 

Notwithstanding the foregoing,
Consolidated EBITDA shall be deemed to equal (a) $28,511,346.35 for the fiscal quarter ended February 28, 2020, (b) $30,070,992.96
for the fiscal quarter ended May 31, 2020, (c) $27,701,288.88 for the fiscal quarter ended August 31, 2020 and (d) $28,510,499.32
for the fiscal quarter ended November 30, 2020 (it being understood that such amounts are subject to adjustments, as and to the
extent otherwise contemplated in this Agreement, in connection with any calculation on a Pro Forma Basis); provided that
such amounts of Consolidated EBITDA for any such fiscal quarter shall be adjusted to include, without duplication, any cost savings
that would otherwise be included pursuant to clause (b) of this definition.

 

“Consolidated
First Lien Indebtedness” means, as of any date of determination, Consolidated Total Indebtedness secured by Liens on
any asset or other property of the Borrower and/or its Restricted Subsidiaries on an equal priority basis (but without regard to
the control of remedies) with Liens securing the Secured Obligations.

 

    -19-

     

    

 

“Consolidated
Net Income” means, for any period, the net income (loss) of the Borrower and its Restricted Subsidiaries for such
period determined on a consolidated basis in accordance with GAAP, excluding, without duplication,

 

(a)          extraordinary (as defined under GAAP as in effect prior to FASB Update No. 2015-01) unusual, or non-recurring items for
such period,

 

(b)          the
cumulative effect of a change in accounting principles during such period;

 

(c)          any Transaction Costs incurred during such period, 

 

(d)          any fees, costs and expenses (including any transaction or retention bonus or similar payment) incurred during such period,
or any amortization thereof for such period, in connection with or in relation to any acquisition (including any acquisition of
a franchisee), non-recurring costs to acquire equipment to the extent not capitalized in accordance with GAAP, Investment, recapitalization,
asset disposition, non-competition agreement, incurrence, issuance or repayment of debt or similar transaction, issuance of equity
securities, option buyouts, refinancing transaction or amendment or other modification of or waiver or consent relating to any
debt instrument or similar transaction (in each case, including the Transaction Costs and any such transaction consummated prior
to the Effective Date and any such transaction undertaken but not completed) and any charges or non-recurring merger costs incurred
during such period as a result of any such transaction, in each case whether or not successful (including, for the avoidance of
doubt, the effects of expensing all transaction-related expenses in accordance with FASB Accounting Standards Codification 805
and gains or losses associated with FASB Accounting Standards Codification 460),

 

(e)          any income (loss) (and all fees and expenses or charges relating thereto) for such period attributable to the early extinguishment
of Indebtedness, hedging agreements or other derivative instruments,

 

(f)           accruals and reserves that are established or adjusted as a result of the Transactions or any Permitted Acquisition or other
Investment not prohibited under this Agreement in accordance with GAAP (including any adjustment of estimated payouts on Earn-Outs)
or changes as a result of the adoption or modification of accounting policies during such period,

 

(g)          stock-based
award compensation expenses (including any one-time compensation related to unvested options outstanding as of the Effective Date),

 

(h)          any income (loss) attributable to deferred compensation plans or trusts,

 

(i)           any income (loss) from Investments recorded using the equity method,

 

(j)           the amount of any expense required to be recorded as compensation expense related to contingent transaction consideration,

 

(k)          any
unrealized gain or loss due solely to fluctuations in currency values and the related tax effects, determined in accordance with
GAAP,

 

(l)           (i)
the net income of any Person that is an Unrestricted Subsidiary shall be included only to the extent of the amount of
dividends or distributions or other payments paid in cash (or to the extent converted into cash) to the referent person or a
subsidiary thereof in respect of such period and (ii) the net income shall include any ordinary course dividend distribution
or other payment in cash received from any Person in excess of the amounts included in clause (i) above,

 

    -20-

     

    

 

(m)         (A) the amount of board of directors, management, monitoring, consulting and advisory fees, indemnities and related expenses
paid or accrued in such period (including any termination fees payable in connection with the early termination of management and
monitoring agreements) and (B) the amount of expenses relating to payments made to option holders of Holdings or any of its direct
or indirect parent companies in connection with, or as a result of, any distribution being made to shareholders of such Person
or its direct or indirect parent companies, which payments are being made to compensate such option holders as though they were
shareholders at the time of, and entitled to share in, such distribution, in each case to the extent permitted in the Loan Documents,
and

 

(n)          any
costs or expenses incurred by Holdings, the Borrower or any Restricted Subsidiary pursuant to any management equity plan or stock
option plan or any other management or employee benefit plan or agreement, any severance agreement or any stock subscription or
shareholder agreement, to the extent that such costs or expenses are non-cash or otherwise funded with cash proceeds contributed
to the capital of Holdings or Net Proceeds of an issuance of Equity Interests of Holdings (other than Disqualified Equity Interests).

 

There shall be included
in Consolidated Net Income, without duplication, the amount of any cash tax benefits related to the tax amortization of intangible
assets in such period. There shall be excluded from Consolidated Net Income for any period the effects from applying acquisition
method accounting, including applying acquisition method accounting to inventory, property and equipment, loans and leases, software
and other intangible assets and deferred revenue (including deferred costs related thereto and deferred rent) required or permitted
by GAAP and related authoritative pronouncements (including the effects of such adjustments pushed down to the Borrower and its
Restricted Subsidiaries), as a result of the Transactions, any acquisition or Investment consummated prior to the Effective Date
and any Permitted Acquisitions (or other Investment not prohibited hereunder) or the amortization or write-off of any amounts thereof.

 

In addition, to the extent
not already included in Consolidated Net Income, Consolidated Net Income shall include (i) in the case of any Person that is not
a Subsidiary or that is accounted for by the equity method of accounting, the Consolidated EBITDA of such Person multiplied by
the ownership percentage of the Borrower or applicable Restricted Subsidiary therein and (ii) the amount of proceeds received or
due from business interruption insurance or reimbursement of expenses and charges that are covered by indemnification and other
reimbursement provisions in connection with any acquisition or other Investment or any disposition of any asset permitted hereunder.

 

“Consolidated
Secured Indebtedness” means, as of any date of determination, Consolidated Total Indebtedness secured by Liens on any
asset or other property of the Borrower and/or its Restricted Subsidiaries.

 

“Consolidated
Total Indebtedness” means, as of any date of determination, (i) the aggregate amount of Indebtedness of the
Borrower and its Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP
(but excluding the effects of any discounting of Indebtedness resulting from the application of the acquisition method
accounting in connection with the Transactions or any Permitted Acquisition (or other Investment not prohibited hereunder))
consisting only of third-party Indebtedness for borrowed money, drawn but unreimbursed obligations under letters of credit,
letters of guaranty and bankers’ acceptances and third-party debt obligations evidenced by bonds, debentures, loan
agreements, promissory notes or similar instruments minus (ii) the sum of (x) unrestricted cash and cash equivalents
of the Borrower and its Restricted Subsidiaries and (y) cash and cash equivalents restricted in favor of the Administrative
Agent or any Lender (which may also include cash and cash equivalents securing other indebtedness secured by a Lien on
Collateral).

 

    -21-

     

    

 

“Consolidated
Working Capital” means, at any date, the excess of (a) the sum of all amounts (other than cash and Permitted Investments)
that would, in conformity with GAAP, be set forth opposite the caption “total current assets” (or any like caption)
on a consolidated balance sheet of the Borrower and its Restricted Subsidiaries at such date, excluding the current portion of
current and deferred income taxes over (b) the sum of all amounts that would, in conformity with GAAP, be set forth opposite
the caption “total current liabilities” (or any like caption) on a consolidated balance sheet of the Borrower and its
Restricted Subsidiaries on such date, including deferred revenue but excluding, without duplication, (i) the current portion of
any Funded Debt, (ii) all Indebtedness consisting of Loans and obligations under Letters of Credit to the extent otherwise included
therein, (iii) the current portion of interest and (iv) the current portion of current and deferred income taxes; provided
that, for purposes of calculating Excess Cash Flow, increases or decreases in working capital (A) arising from acquisitions or
dispositions by the Borrower and its Restricted Subsidiaries shall be measured from the date on which such acquisition or disposition
occurred until the first anniversary of such acquisition or disposition with respect to the Person subject to such acquisition
or disposition and (B) shall exclude (I) the impact of non-cash adjustments contemplated in the Excess Cash Flow calculation, (II)
the impact of adjusting items in the definition of Consolidated Net Income and (III) any changes in current assets or current liabilities
as a result of (x) the effect of fluctuations in the amount of accrued or contingent obligations, assets or liabilities under hedging
agreements or other derivative obligations, (y) any reclassification in accordance with GAAP of assets or liabilities, as applicable,
between current and noncurrent or (z) the effects of acquisition method accounting.

 

“Contract Consideration”
has the meaning assigned to such term in the definition of “Excess Cash Flow”.

 

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

 

“Converted Restricted
Subsidiary” has the meaning given such term in the definition of “Consolidated EBITDA”.

 

“Converted Unrestricted
Subsidiary” has the meaning given such term in the definition of “Consolidated EBITDA”.

 

“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).

 

“Covered Party”
has the meaning specified in Section 9.20.

 

    -22-

     

    

 

“Credit
Agreement Refinancing Indebtedness” means Indebtedness issued, incurred or otherwise obtained (including by means
of the extension or renewal of existing Indebtedness) by the Borrower or any other Loan Party in exchange for, or to extend,
renew, replace or refinance, in whole or part, existing Term Loans, Incremental Term Loans, Additional Revolving Commitments
or Revolving Loans (or unused Revolving Commitments) (“Refinanced Debt”); provided that such
exchanging, extending, renewing, replacing or refinancing Indebtedness (a) is in an original aggregate principal amount not
greater than the aggregate principal amount of the Refinanced Debt (plus any premium, accrued interest and fees and expenses
incurred in connection with such exchange, extension, renewal, replacement or refinancing), (b) does not mature earlier than
or, except in the case of Revolving Commitments, have a Weighted Average Life to Maturity shorter than the Refinanced Debt
(other than with respect to any customary bridge loan facility, so long as the long-term Indebtedness into which any such
customary bridge facility is to be converted or exchanged satisfies the requirements of this clause (b) and such
conversion or exchange is subject only to the conditions customary for similar conversions or exchanges), (c) if such
Indebtedness is unsecured or secured by the Collateral on a junior lien basis to the Secured Obligations, does not (1) mature
or have scheduled amortization or payments of principal prior to the date that is 91 days after the maturity date of the
Refinanced Debt (or if later, 91 days after the Latest Maturity Date), (2) have a Weighted Average Life to Maturity shorter
than the Refinanced Debt (or any later maturing Credit Facility then in effect) plus 91 days, or (3) have mandatory
prepayment, redemption or offer to purchase events more onerous than those set forth in the Refinanced Debt (and shall
otherwise be subject to the same terms as the Refinanced Debt) (in each case other than with respect to any customary bridge
loan facility, so long as the long-term Indebtedness into which any such customary bridge facility is to be converted or
exchanged satisfies the requirements of this clause (c) and such conversion or exchange is subject only to the
conditions customary for similar conversions or exchanges), (d) with respect to Refinanced Debt consisting of Revolving
Commitments, will not require scheduled amortization or mandatory commitment reductions prior to the Latest Maturity Date of
such Refinanced Debt, (e) in the case of Refinanced Debt originally incurred by the Borrower, be incurred by the Borrower and
shall not be guaranteed by any entity that is not a Loan Party, (f) in the case of any secured Indebtedness (i) is not
secured by any assets not securing the Secured Obligations, (ii) if not comprising Indebtedness hereunder, is subject to the
relevant Intercreditor Agreement(s) and (iii) in the case of Refinanced Debt that was secured on a junior basis to the
Secured Obligations, shall be secured on a junior basis to the Secured Obligations; provided that any unsecured
Refinanced Debt shall not be refinanced with secured Credit Agreement Refinancing Indebtedness, (g) in the case of Refinanced
Debt that is subordinated in right of payment to the Secured Obligations, shall be subordinated on the same basis, (h) has
covenants, events of default and guarantees of any such Indebtedness, that are not materially more restrictive to the
Borrower, when taken as a whole, than the Refinanced Debt (as determined by the Borrower in good faith) unless (1) the
Lenders under the Term Loans or Revolving Loans, as applicable, also receive the benefit of such more restrictive terms (it
being acknowledged that with respect to any “springing” financial maintenance covenant or other covenant or
provision only applicable to, or for the benefit of, a revolving credit facility, shall also be added solely for the benefit
of each revolving credit facility hereunder (and not for the benefit of any term loan facility hereunder) (together with, at
the election of the Borrower, any applicable “equity cure” provisions with respect to any financial maintenance
covenant)) (it being understood to the extent that any covenant is added for the benefit of any such Indebtedness, no consent
shall be required from the Administrative Agent or any Lender to the extent that such covenant is also added for the benefit
of any corresponding existing Term Loans or Revolving Loans, as applicable), (2) any such provisions apply after the Latest
Maturity Date at the time of such refinancing, or (3) such terms shall be reasonably satisfactory to the Administrative Agent
and the Borrower, and (i) if such Indebtedness is secured on a pari passu basis with the Liens securing the Secured
Obligations, such Indebtedness may participate on a pro rata basis or a less than a pro rata basis (but not greater than a
pro rata basis) in any mandatory repayments or prepayments in respect of the Term Loans or the Revolving Facility; provided that
a certificate of a Responsible Officer delivered to the Administrative Agent at least five (5) Business Days prior to the
incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such
resulting Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has determined in good
faith that such terms and conditions satisfy the foregoing requirement, shall be conclusive evidence that such terms and
conditions satisfy the foregoing requirement unless the Administrative Agent notifies the Borrower within such five (5)
Business Day period that it disagrees with such determination (including a reasonably detailed description of the basis upon
which it disagrees). For the avoidance of doubt, such Credit Agreement Refinancing Indebtedness shall not be subject to any
 “most favored nation” pricing provisions.

 

    -23-

     

    

 

“Credit Facilities”
means the Revolving Facility and the Term Facility.

 

“Cure Amount”
has the meaning assigned to such term in Section 7.02(a).

 

“Cure Expiration
Date” has the meaning assigned to such term in Section 7.02(a).

 

“Cure Right”
has the meaning assigned to such term in Section 7.02(a).

 

“Cured Default”
has the meaning assigned to such term in Section 7.01.

 

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

 

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

 

“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.

 

“Defaulting
Lender” means any Lender that (a) has failed, within two (2) Business Days of the date required to be funded or paid,
to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or (iii) pay over to the
Administrative Agent, any Issuing Bank or any other Lender any other amount required to be paid by it hereunder, unless, in the
case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s
good faith determination that a condition precedent to funding (specifically identified and including the particular default, if
any) has not been satisfied, (b) has notified the Borrower or the Administrative Agent, any Issuing Bank or any other Lender, as
applicable, in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its
funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such
Lender’s good faith determination that a condition precedent (specifically identified and including the particular default,
if any) to funding a Loan under this Agreement cannot be satisfied), (c) has failed, within three (3) Business Days after request
by the Administrative Agent, any Issuing Bank or any other Lender, as applicable, acting in good faith, to provide a certification
in writing from an authorized officer of such Lender that it will comply with its obligations (and is financially able to meet
such obligations as of the date of certification) to fund prospective Loans and participations in then outstanding Letters of Credit
under this Agreement; provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon the
Administrative Agent, any Issuing Bank or any other Lender’s, as applicable, receipt of such certification in form and substance
satisfactory to it and the Administrative Agent or (d) has become the subject of (i) a Bankruptcy Event or (ii) a Bail-In
Action.

 

“Defaulting
Lender Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to any Issuing Bank, such Defaulting
Lender’s Applicable Percentage of the Obligations with respect to the Letters of Credit issued by such Issuing Bank other
than Secured Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders
or cash collateralized in accordance with the terms hereof.

 

    -24-

     

    

 

“Designated
Non-Cash Consideration” means the fair market value of non-cash consideration received by the Borrower or a
Restricted Subsidiary in connection with a Disposition pursuant to Section 6.05(k) that is designated as Designated
Non-Cash Consideration pursuant to a certificate of a Responsible Officer of the Borrower, setting forth the basis of such
valuation (which amount will be reduced by the fair market value of the portion of the non-cash consideration converted to
cash within 180 days following the consummation of the applicable Disposition or, if converted to cash after 180 days, the
lesser of (a) the consideration in cash or cash equivalents received from such conversion and (b) the fair market value of
such non-cash consideration at the time of such conversion).

 

“Discount Prepayment
Accepting Lender” has the meaning assigned to such term in Section 2.11(a)(ii)(B)(2).

 

“Discount Range”
has the meaning assigned to such term in Section 2.11(a)(ii)(C)(1).

 

“Discount Range
Prepayment Amount” has the meaning assigned to such term in Section 2.11(a)(ii)(C)(1).

 

“Discount Range
Prepayment Notice” means a written notice of a Borrower Solicitation of Discount Range Prepayment Offers made pursuant
to Section 2.11(a)(ii)(C)(1) substantially in the form of Exhibit L.

 

“Discount Range
Prepayment Offer” means the irrevocable written offer by a Term Lender, substantially in the form of Exhibit M,
submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment
Notice.

 

“Discount Range
Prepayment Response Date” has the meaning assigned to such term in Section 2.11(a)(ii)(C)(1).

 

“Discount Range
Proration” has the meaning assigned to such term in Section 2.11(a)(ii)(C)(3).

 

“Discounted
Prepayment Determination Date” has the meaning assigned to such term in Section 2.11(a)(ii)(D)(3).

 

“Discounted
Prepayment Effective Date” means in the case of a Borrower Offer of Specified Discount Prepayment or Borrower Solicitation
of Discount Range Prepayment Offer, five (5) Business Days following the receipt by each relevant Term Lender of notice from the
Auction Agent in accordance with Section 2.11(a)(ii)(B), Section 2.11(a)(ii)(C) or Section 2.11(a)(ii)(D),
as applicable, unless a shorter period is agreed to between the Borrower and the Auction Agent.

 

“Discounted
Term Loan Prepayment” has the meaning assigned to such term in Section 2.11(a)(ii)(A).

 

“Dispose”
and “Disposition” each has the meaning assigned to such term in Section 6.05.

 

“Disposed EBITDA”
means, with respect to any Sold Entity or Business or Converted Unrestricted Subsidiary for any period through (but not after)
the date of such disposition, the amount for such period of Consolidated EBITDA of such Sold Entity or Business or Converted Unrestricted
Subsidiary (determined as if references to the Borrower and its Restricted Subsidiaries in the definition of the term “Consolidated
EBITDA” (and in the component financial definitions used therein) were references to such Sold Entity or Business and its
subsidiaries or to such Converted Unrestricted Subsidiary and its subsidiaries), all as determined on a consolidated basis for
such Sold Entity or Business or Converted Unrestricted Subsidiary.

 

    -25-

     

    

 

“Disqualified
Equity Interest” means, with respect to any Person, any Equity Interest in such Person that by its terms (or by the terms
of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder
thereof), or upon the happening of any event or condition:

 

(a)          matures or is mandatorily redeemable or contains any mandatory put, redemption or repayment provision (other than solely
for Equity Interests in such Person that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares
of such Equity Interests), whether pursuant to a sinking fund obligation or otherwise;

 

(b)          is
convertible or exchangeable, either mandatorily or at the option of the holder thereof, for Indebtedness or Equity Interests (other
than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests and cash in lieu of fractional
shares of such Equity Interests);

 

(c)         
is redeemable (other than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests
and cash in lieu of fractional shares of such Equity Interests) or is required to be repurchased by such Person or any of its Affiliates,
in whole or in part, at the option of the holder thereof; or

 

(d)         
in the case of any preferred Equity Interest, provides for scheduled payments of dividends and/or distributions in cash;

 

in each case, on or prior to the date ninety-one
(91) days after the Latest Maturity Date; provided, however, that (i) an Equity Interest in any Person that
would not constitute a Disqualified Equity Interest but for terms thereof giving holders thereof the right to require such Person
to redeem or purchase such Equity Interest upon the occurrence of an “asset sale” or a “change of control”
or similar event shall not constitute a Disqualified Equity Interest if any such requirement becomes operative only after, or payment
thereunder is subject to the prior, repayment in full of all the Loans and all other Loan Document Obligations that are accrued
and payable and the termination of the Commitments,(ii) if an Equity Interest in any Person is issued pursuant to any plan
for the benefit of employees of Holdings (or any direct or indirect parent thereof) or any of its subsidiaries or by any such plan
to such employees, such Equity Interest shall not constitute a Disqualified Equity Interest solely because it may be required to
be repurchased by Holdings (or any direct or indirect parent company thereof) or any of its subsidiaries in order to satisfy applicable
statutory or regulatory obligations of such Person and (iii) any Equity Interest in any Person that would not constitute a Disqualified
Equity Interest but for a requirement of payment of dividends or distributions in violation of clauses (a) or (b)
above shall not constitute a Disqualified Equity Interest if the terms of such Equity Interest (x) give the applicable issuer the
option to elect to pay such dividends or distributions on a non-cash basis and (y) do not require the cash payment of dividends
or distributions at any time that such cash payment is not permitted under Section 6.07 of this Agreement or would result
in an Event of Default hereunder.

 

“Disqualified
Lenders” means (i) those Persons identified by Insight or the Borrower to the Administrative Agent in writing prior
to the Signing Date as being “Disqualified Lenders” (or, if after such date, that are acceptable to the
Administrative Agent), (ii) those Persons who are competitors of the Borrower and/or any Subsidiaries of the Borrower
identified by Insight or the Borrower to the Administrative Agent from time to time in writing (including by email) which
designation shall become effective two (2) days after the delivery of each such written designation to the Administrative
Agent, but which shall not apply retroactively to disqualify any persons that have previously acquired, or entered into a
trade to acquire, an assignment or participation interest in the Loan and (iii) in the case of each Person identified
pursuant to clauses (i) and (ii) above, any of their Affiliates (other than any such Affiliate that is
primarily engaged in, or that advises funds or other investment vehicles that are engaged in, making, purchasing, holding or
otherwise investing in commercial loans, bonds and similar extensions of credit or securities in the ordinary course and with
respect to which the primary Disqualified Lender does not possess the power to direct or cause the direction of the
investment policies of such entity referenced in clause (ii) above, unless separately identified by the Borrower pursuant to
clause (i) above) that are either (x) identified in writing by Insight or the Borrower from time to time or (y) clearly
identifiable as Affiliates on the basis of such Affiliate’s name. Such list of Disqualified Lenders shall be available
for inspection upon request by any Lender.

 

    -26-

     

    

 

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

 

“Domestic Subsidiary”
means any Subsidiary that is organized under the law of the United States, any state thereof or the District of Columbia.

 

“Earn-Outs”
means, with respect to any Person, obligations of such Person arising from Permitted Acquisitions or other Investments permitted
hereunder which are payable to the sellers thereunder in their capacity as such based on the achievement of specified financial
results or other criteria or milestones over time.

 

“ECF Percentage”
means, with respect to the prepayment required by Section 2.11(d) with respect to any fiscal year of the Borrower,
if the First Lien Leverage Ratio (prior to giving effect to the applicable prepayment pursuant to Section 2.11(d), but after
giving effect to any voluntary prepayments made pursuant to Section 2.11(a) prior to the date of such prepayment) as of
the end of such fiscal year is (a) greater than 4.05 to 1.00, 50.0% of Excess Cash Flow for such fiscal year, (b) greater
than 3.80 to 1.00 but less than or equal to 4.05 to 1.00, 25.0% of Excess Cash Flow for such fiscal year and (c) less than
or equal to 3.80 to 1.00, 0.00% of Excess Cash Flow for such fiscal year.

 

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

 

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

 

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

 

“Effective Date”
means February 4, 2021.

 

“Effective Date
Refinancing” means, collectively, the repayment, redemption, repurchase or other discharge of all existing third-party
indebtedness for borrowed money of the Borrower under the Existing Credit Agreement and the release and termination of (x) all
commitments thereunder and (y) all related liens granted by and guarantees or borrower obligations related thereto by Holdings,
the Borrower and its subsidiaries.

 

    -27-

     

    

 

“Effective
Yield” means, as of any date of determination, the sum of (i) the higher of (A) the Adjusted LIBO Rate on such date
for a deposit in dollars with a maturity of one month and (B) the Adjusted LIBO Rate floor, if any, with respect thereto as
of such date, (ii) the interest rate margins as of such date (with such interest rate margin and interest spreads to be
determined by reference to the Adjusted LIBO Rate) and (iii) the amount of original issuance discount and/or upfront fees
thereon (converted to yield assuming a four-year average life and without any present value discount) (it being understood
that customary arrangement, underwriting, structuring or commitment fees payable to any of the Commitment Parties in
connection with the applicable Term Commitment or the Revolving Commitment or to one or more arrangers, bookrunners or
structuring advisors (or their affiliates) of any Incremental Facility shall be excluded).

 

“Eligible Assignee”
means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund and (d) any other Person (other than Holdings, any Intermediate
Parent, the Borrower or any of their respective Affiliates), other than, in each case, (i) a natural person (a holding company,
investments vehicle, investment vehicle or trust for, or owned and operated by or for the primary benefit of a natural person),
(ii) a Defaulting Lender or (iii) a Disqualified Lender; provided that a Disqualified Lender will constitute an Eligible
Assignee solely to the extent that such assignment is consented to in writing by the Borrower. Notwithstanding the foregoing, each
Loan Party and the Lenders acknowledge and agree that the Administrative Agent shall have no liability with respect to any assignment
made to a Disqualified Lender unless (i) (A) the Administrative Agent has acted with gross negligence, bad faith or willful misconduct
(as determined by a court of competent jurisdiction in a final and non-appealable judgment) or (B) such assignment resulted from
a material breach of the Loan Documents by the Administrative Agent (as determined by a court of competent jurisdiction in a final
and non-appealable judgment) and (ii) the Borrower has not consented to such assignment or is not deemed to have consented to such
assignment to the extent required by Section 9.04(b).

 

“Enterprise
Transformative Event” means any merger, acquisition, Investment, dissolution, liquidation, consolidation or Disposition,
in any such case by Holdings, the Borrower or any Restricted Subsidiary, that is either (a) not permitted by the terms of any Loan
Document immediately prior to the consummation of such transaction or (b) if permitted by the terms of the Loan Documents immediately
prior to the consummation of such transaction, would not provide Holdings, the Borrower and the Restricted Subsidiaries with adequate
flexibility under the Loan Documents for the continuation or expansion of their combined operations following such consummation,
as reasonably determined by the Borrower acting in good faith.

 

“Environmental
Laws” means all applicable treaties, rules, regulations, codes, ordinances, judgments, orders, decrees and other applicable
Requirements of Law, and all applicable injunctions or binding agreements issued, promulgated or entered into by or with any Governmental
Authority, in each instance relating to the protection of the environment, to preservation or reclamation of natural resources,
to Release or threatened Release of any Hazardous Material or to the extent relating to exposure to Hazardous Materials, to health
or safety matters.

 

“Environmental
Liability” means any liability, obligation, loss, claim, action, order or cost, contingent or otherwise (including any
liability for damages, costs of medical monitoring, costs of environmental remediation or restoration, administrative oversight
costs, consultants’ fees, fines, penalties and indemnities) directly or indirectly resulting from or based upon (a) any
actual or alleged violation of any Environmental Law or permit, license or approval issued thereunder, (b) the generation, use,
handling, transportation, storage, or treatment of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the
Release or threatened Release of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement pursuant
to which liability is assumed or imposed with respect to any of the foregoing.

 

    -28-

     

    

 

“Equity Interests”
means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests
in a trust or other equity ownership interests in a Person.

 

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

 

“ERISA Affiliate”
means any trade or business (whether or not incorporated) that, together with any Loan Party, is treated as a single employer under
Section 414(b) or 414(c) of the Code or, solely for purposes of Title IV and Section 302 of ERISA and Section 412 of the Code,
is treated as a single employer under Section 4001(b) of ERISA or Section 414 of the Code.

 

“ERISA Event”
means (a) any “reportable event,” as defined in Section 4043(c) of ERISA or the regulations issued thereunder
with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) any failure by any Plan to satisfy
the minimum funding standard (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Plan, in
each case whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA, of an application
for a waiver of the minimum funding standard with respect to any Plan; (d) a determination that any Plan is, or is expected to
be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4) of the Code); (e) the incurrence
by a Loan Party or any ERISA Affiliate of any liability under Title IV of ERISA (other than premiums due and not delinquent
under Section 4007 of ERISA) with respect to the termination of any Plan or by application of Section 4069 of ERISA with respect
to any terminated plan; (f) the receipt by a Loan Party or any ERISA Affiliate from the PBGC or a plan administrator of any
notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan, or to an intention
to terminate or to appoint a trustee to administer any plan or plans in respect of which such Loan Party or ERISA Affiliate would
be deemed to be an employer under Section 4069 of ERISA; (g) the incurrence by a Loan Party or any ERISA Affiliate of any liability
with respect to the withdrawal or partial withdrawal from any Multiemployer Plan; (h) the receipt by a Loan Party or any ERISA
Affiliate of any notice, or the receipt by any Multiemployer Plan from a Loan Party or any ERISA Affiliate of any notice, concerning
the imposition of Withdrawal Liability, or the failure of a Loan Party or any ERISA Affiliate to pay when due, after the expiration
of any applicable grace period, any installment payment with respect to any Withdrawal Liability; or (i) the withdrawal of a Loan
Party or any ERISA Affiliate from a Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial
employer” as defined in Section 4001(a)(2) of ERISA or a cessation of operations that is treated as such a withdrawal under
Section 4062(e) of ERISA.

 

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

 

“Eurodollar”
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing
interest at a rate determined by reference to the Adjusted LIBO Rate.

 

“Event of Default”
has the meaning assigned to such term in Section 7.01.

 

“Excess Cash
Flow” means, for any period, an amount equal to the excess of:

 

(a)          the
sum, without duplication, of:

 

(i)              Consolidated
Net Income for such period,

 

    -29-

     

    

 

(ii)             an amount equal to the amount of all Non-Cash Charges to the extent deducted in arriving at such Consolidated Net Income,

 

(iii)            decreases in Consolidated Working Capital and long-term account receivables for such period, 

 

(iv)            an amount equal to the aggregate net non-cash loss on dispositions by the Borrower and its Restricted Subsidiaries during
such period (other than dispositions in the ordinary course of business) to the extent deducted in arriving at such Consolidated
Net Income, and

 

(v)             extraordinary (as defined under GAAP as in effect prior to FASB Update No. 2015-01) gains, less:

 

(b)          the sum, without duplication, of:

 

(i)              an amount equal to the amount of all non-cash credits included in arriving at such Consolidated Net Income (including any
amounts included in Consolidated Net Income pursuant to the last sentence of the definition of “Consolidated Net Income”
to the extent such amounts are due but not received during such period) and cash charges included in clauses (a) through
(j) of the definition of “Consolidated Net Income” (other than cash charges to the extent financed with the
proceeds of long-term Indebtedness (other than revolving Indebtedness)),

 

(ii)             the amount of capital expenditures made in cash or accrued during such period, except to the extent that such capital expenditures
were financed with the proceeds of (x) long term Indebtedness of the Borrower or its Restricted Subsidiaries other than Revolving
Loans or (y) the issuance of Equity Interests,

 

(iii)            (x) the aggregate amount of all principal payments of Indebtedness (including the principal component of payments in respect
of Capitalized Leases, but excluding (A) all principal payments of Indebtedness to the extent reducing the required prepayment
of Term Loans pursuant to Section 2.11(d) as a result of the application of clauses (i) through (v) of the first proviso
thereof, (B) all prepayments of revolving loans (including Revolving Loans) except to the extent there is an equivalent permanent
reduction in commitments thereunder and (C) all principal payments of Indebtedness to the extent financed with long-term Indebtedness
(other than revolving Indebtedness)) and (y) the aggregate amount of any premium, make-whole or penalty payments actually paid
in cash by the Borrower and its Restricted Subsidiaries during such period that are required to be made in connection with any
prepayment of Indebtedness, to the extent not financed with long-term Indebtedness (other than revolving Indebtedness),

 

(iv)            an amount equal to the aggregate net non-cash gain on dispositions by the Borrower and its Restricted Subsidiaries during
such period (other than dispositions in the ordinary course of business) to the extent included in arriving at such Consolidated
Net Income,

 

(v)            increases
in Consolidated Working Capital and long-term account receivables for such period,

 

(vi)           cash
payments by the Borrower and its Restricted Subsidiaries during such period in respect of long-term liabilities of the Borrower
and its Restricted Subsidiaries other than Indebtedness,

 

    -30-

     

    

 

(vii)          the aggregate amount of payments and expenditures actually made by the Borrower and its Restricted Subsidiaries in cash
during such period (including expenditures for the payment of financing fees) to the extent that such payments and expenditures
are not expensed during such period, except to the extent financed with the proceeds of (x) long-term Indebtedness of Holdings,
any Intermediate Parent, the Borrower or their Restricted Subsidiaries other than Revolving Loans or (y) the issuance of Equity
Interests,

 

(viii)         cash
payments by the Borrower and its Restricted Subsidiaries during such period in respect of Non-Cash Charges included in the calculation
of Consolidated Net Income in any prior period, except to the extent financed with the proceeds of (x) long-term Indebtedness
of Holdings, any Intermediate Parent, the Borrower or their Restricted Subsidiaries other than Revolving Loans or (y) the issuance
of Equity Interests,

 

(ix)            without duplication of amounts deducted from Excess Cash Flow in respect of a prior period, at the option of the Borrower,
the aggregate consideration (including Earn-Outs) required to be paid in cash by the Borrower and its Restricted Subsidiaries pursuant
to binding contracts, commitments, letters of intent or purchase orders (the “Contract Consideration”) entered
into prior to or during such period relating to capital expenditures, Permitted Acquisitions or other Investments permitted hereunder
(other than intercompany Investments or Investments in cash equivalents) to be consummated or made during the period of four consecutive
fiscal quarters of Borrower following the end of such period (except, in each case, to the extent financed with long-term Indebtedness
(other than revolving Indebtedness)); provided that to the extent the aggregate amount actually utilized to finance such
capital expenditures, Permitted Acquisitions or other applicable Investments during such subsequent period of four consecutive
fiscal quarters is less than the Contract Consideration, the amount of such shortfall shall be added to the calculation of Excess
Cash Flow at the end of such subsequent period of four consecutive fiscal quarters,

 

(x)             the
amount of cash rent payments made in such period to the extent they exceed the amount of rent payments deducted in determining
Consolidated Net Income for such period,

 

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

 

(xii)           extraordinary (as defined under GAAP as in effect prior to FASB Update No. 2015-01) losses or charges.

 

“Excess Cash
Flow Period” has the meaning set forth in Section 2.11(d).

 

“Exchange Act”
means the United States Securities Exchange Act of 1934, as amended from time to time.

 

“Excluded Account”
means any (a) payroll account, (b) zero balance account, (c) withholding tax, trust and fiduciary account, (d) pension fund, escrow
(including any escrow accounts for the benefit of any grantor’s customers), segregated, or similar account, (e) any accounts
with an average monthly balance for all such accounts of less than $4,000,000 in the aggregate and (f) any other account reasonably
agreed to by the Administrative Agent.

 

    -31-

     

    

 

“Excluded
Assets” means, (a) any fee-owned real property that is not Material Real Property and all leasehold (including
ground lease) interests in real property (including requirements to deliver landlord lien waivers, estoppels and collateral
access letters), (b) motor vehicles, railcars, trailers, aircraft, aircraft engines, construction and earth moving equipment
and other assets subject to certificates of title or ownership, (c) letter of credit rights (except to the extent
constituting supporting obligations (as defined under the UCC) in which a security interest can be perfected with the filing
of a UCC-1 financing statement or equivalent financing statement with a central registry), (d) commercial tort claims with an
individual value, as determined by the Borrower in good faith, of less than $7,500,000 and commercial tort claims for which
no complaint or counterclaim has been filed in a court of competent jurisdiction, (e) Equity Interests in any Person (other
than any Wholly Owned Restricted Subsidiaries) to the extent the pledge thereof to the Administrative Agent is not permitted
by the terms of such Person’s organizational, incorporation or joint venture documents, (f) Equity Interests
constituting an amount greater than 65% of the total voting Equity Interests of any Foreign Subsidiary or CFC Holdco, (g)
Equity Interests of any Immaterial Subsidiary (except to the extent perfection of a security interest therein can be
accomplished by filing of a UCC-1 financing statement or equivalent financing statement with a central registry), not-for
profit Subsidiaries, captive insurance companies or other special purpose subsidiaries (including real estate special purpose
entities) and each Unrestricted Subsidiary, (h) any assets (including Equity Interests) owned by any Subsidiary that is a CFC
or CFC Holdco, (i) any lease, license or other agreement, government approval or franchise with any Person if, to the extent
and for so long as, the grant of a Lien thereon to secure the Secured Obligations constitutes a breach of or a default under,
or creates a right of termination in favor of any party (other than any Loan Party) to, such lease, license or other
agreement, government approval or franchise (but only to the extent any of the foregoing is not rendered ineffective by, or
is otherwise unenforceable under, the Uniform Commercial Code or any Requirements of Law), other than proceeds and
receivables thereof, the assignment of which is expressly deemed effective under the Uniform Commercial Code, (j) any asset
subject to a Lien of the type permitted by Section 6.02(iv) (whether or not incurred pursuant to such Section) or a Lien
permitted by Section 6.02(xi), in each case if, to the extent and for so long as the grant of a Lien thereon to secure the
Secured Obligations constitutes a breach of or a default under, or creates a right of termination in favor of any party
(other than any Loan Party) to, any agreement pursuant to which such Lien has been created (but only to the extent any of the
foregoing is not rendered ineffective by, or is otherwise unenforceable under, the Uniform Commercial Code or any
Requirements of Law), (k) any intent-to-use trademark applications filed in the United States Patent and Trademark Office,
pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. Section 1051, prior to the accepted filing of a “Statement of
Use” and issuance of a “Certificate of Registration” pursuant to Section 1(d) of the Lanham Act or an
accepted filing of an “Amendment to Allege Use” whereby such intent-to-use trademark application is converted to
a “use in commerce” application pursuant to Section 1(c) of the Lanham Act, (l) any asset if, to the extent and
for so long as the grant of a Lien thereon to secure the Secured Obligations is prohibited by any Requirements of Law, rule
or regulation, or agreements with any Governmental Authority (other than to the extent that any such prohibition would be
rendered ineffective pursuant to the Uniform Commercial Code or any other applicable Requirements of Law) or which would
require consent, approval, license or authorization from any Governmental Authority or regulatory authority, unless such
consent, approval, license or authorization has been received in consultation with the Administrative Agent, (m) margin stock
(within the meaning of Regulation U of the Board of Governors, as in effect from time to time) and, to the extent prohibited
by, or creating an enforceable right of termination in favor of any other party thereto (other than Holdings, the Borrower or
any Material Subsidiary of the Borrower), under the terms of any applicable organizational or incorporation documents, joint
venture agreement or shareholders’ agreement, equity interests in any person other than Material Subsidiaries after
giving effect to the anti-assignment provisions of the UCC or any other applicable Requirements of Law, (n) Excluded
Accounts, (o) assets to the extent a security interest in such assets would result in material adverse tax consequences to
Holdings (or any direct or indirect parent or beneficial owner thereof), the Borrower or one of their respective subsidiaries
(as determined in good faith by the Borrower), (p) assets sold to any Person who is not a Loan Party in compliance with the
Loan Documents, (q) assets owned by a Subsidiary Loan Party after the release of the Guarantee of such Subsidiary Loan Party
pursuant to the Loan Documents, and (r) any assets with respect to which, in the reasonable judgment of the Administrative
Agent and the Borrower (as agreed to in writing), the cost or other consequences (including adverse tax consequences as
determined by the Borrower and the Administrative Agent in good faith) of pledging such assets shall be excessive in view of
the benefits to be obtained by the Lenders therefrom.

 

    -32-

     

    

 

“Excluded Information”
has the meaning assigned to such term in Section 2.11(a)(ii)(A).

 

“Excluded Party”
has the meaning assigned to such term in Section 9.03(b).

 

“Excluded Subsidiary”
means (a) any Subsidiary that is not a Wholly Owned Subsidiary of Holdings, (b) any Subsidiary that is prohibited by applicable
law, rule or regulation or contractual obligation existing on the Effective Date or, if later, the date such Subsidiary first
becomes a Restricted Subsidiary, from guaranteeing the Secured Obligations or which would require any governmental or regulatory
consent, approval, license or authorization to do so, unless such consent, approval, license or authorization has been obtained,
(c) any Foreign Subsidiary that is a CFC, (d) any Domestic Subsidiary of a Foreign Subsidiary that is a CFC or any CFC Holdco,
(e) any Immaterial Subsidiary, (f) any other Subsidiary with respect to which, in the reasonable judgment of the Administrative
Agent and the Borrower (as agreed in writing), the cost or other consequences (including any adverse tax consequences as determined
in good faith by the Borrower and the Administrative Agent) of providing the guaranty shall be excessive in view of the benefits
to be obtained by the Lenders therefrom, (g) any Subsidiary if the provision of a guaranty by such Subsidiary would result in
material adverse tax consequences to Holdings (or any direct or indirect parent or beneficial owner thereof), the Borrower or
one of their respective subsidiaries (as determined in good faith by the Borrower), (h) any other Subsidiary excused from becoming
a Loan Party pursuant to the last paragraph of the definition of the term “Collateral and Guarantee Requirement”,
(i) any Subsidiary that is (or, if it were a Loan Party, would be) an “investment company” under the Investment Company
Act of 1940, as amended, (j) any not-for profit Subsidiaries, captive insurance companies or other special purpose subsidiaries,
(k) [reserved] and (l) each Unrestricted Subsidiary; provided that any Immaterial Subsidiary that is a signatory to the
Collateral Agreement and the Guarantee Agreement shall be deemed not to be an Excluded Subsidiary for purposes of this Agreement
and the other Loan Documents unless the Borrower has otherwise notified the Administrative Agent; provided further
that the Borrower may at any time and in its sole discretion, with the consent of the Administrative Agent (such consent not
to be unreasonably withheld, conditioned or delayed), cause any Restricted Subsidiary to not be an Excluded Subsidiary for purposes
of this Agreement and the other Loan Documents.

 

“Excluded Swap
Obligation” means, with respect to any Loan Party at any time, any Secured Swap Obligation under any agreement, contract
or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act, if, and
to the extent that, all or a portion of the guarantee of such Loan Party of, or the grant by such Loan Party of a security interest
to secure, such Secured 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 of any thereof)
by virtue of such Loan Party’s failure for any reason to constitute an “eligible contract participant,” as defined
in the Commodity Exchange Act (determined after giving effect to any “Keepwell”, support or other agreement for the
benefit of such Loan Party), at the time such guarantee or grant of a security interest becomes effective with respect to such
related Secured Swap Obligation. If a Secured Swap Obligation arises under a master agreement governing more than one swap, such
exclusion shall apply only to the portion of such Secured Swap Obligation that is attributable to swaps that are or would be rendered
illegal due to such guarantee or security interest.

 

    -33-

     

    

 

“Excluded
Taxes” means, with respect to any Recipient, (a) Taxes imposed on (or measured by) net income (however
denominated) and franchise Taxes by a jurisdiction (i) as a result of such recipient being organized or having its principal
office or, in the case of any Lender, its applicable lending office in such jurisdiction, or (ii) that are Other Connection
Taxes, (b) any branch profits tax imposed under Section 884(a) of the Code, or any similar Tax, imposed by any
jurisdiction described in clause (a) above, (c) any withholding Tax imposed pursuant to FATCA, (d) any Tax
that is attributable to a Lender’s failure to comply with Section 2.17(e) and (e) in the case of a
Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an
applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such
interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section
2.19(b)) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section
2.17(a), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such
Lender became a party hereto or to such Lender immediately before it changed its lending office.

 

“Existing Credit
Agreement” means that certain Credit Agreement, dated as of November 26, 2018 (as amended by that certain Amendment No.
1 to Credit Agreement and Incremental Joinder, dated as of July 2, 2019, by that certain Amendment No. 2 to Credit Agreement, dated
as of November 5, 2019, and as may be further amended, restated, amended and restated, supplemented or modified from time to time),
among the Borrower, as borrower, Holdings, the other Loan Parties (as defined therein) party thereto from time to time, the lenders
and issuing banks party thereto from time to time and Golub Capital Markets LLC, as administrative agent and collateral agent.

 

“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 thereto and not materially more onerous to comply with), any current or future regulations or official interpretations
thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules
or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing
such Sections of the Code.

 

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

 

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

 

“Fee Letter”
means that certain Amended and Restated Fee Letter, dated as of October 27, 2020, among the Borrower and the Commitment Parties.

 

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

 

“Financial Performance
Covenant” means the covenant set forth in Section 6.10.

 

“Financing Transactions”
means (a) the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, (b) the
borrowing of Loans hereunder and the use of the proceeds thereof and (c) the issuance, amendment or extension of Letters of Credit
hereunder and the use of proceeds thereof.

 

    -34-

     

    

 

“FIRREA”
means the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended.

 

“First Lien
Intercreditor Agreement” means a First Lien Intercreditor Agreement among the Administrative Agent and one or more Senior
Representatives for holders of Indebtedness permitted by this Agreement to be secured by the Collateral on a pari passu
basis (but without regard to the control of remedies) in customary form reasonably acceptable to the Administrative Agent and the
Borrower.

 

“First Lien
Leverage Ratio” means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated First Lien
Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

 

“Fixed Amounts”
has the meaning assigned to such term in Section 1.07(b).

 

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

 

“Foreign Lender”
has the meaning assigned to such term in Section 2.17(e)(ii).

 

“Foreign Prepayment
Event” has the meaning assigned to such term in Section 2.11(g).

 

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

 

“Fronting Exposure”
means, at any time there is a Defaulting Lender, with respect to the Issuing Bank, such Defaulting Lender’s Applicable Percentage
of the outstanding LC Obligations, other than such LC Obligations as to which such Defaulting Lender’s participation obligation
has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof.

 

“Funded Debt”
means all Indebtedness of the Borrower and its Restricted Subsidiaries for borrowed money that matures more than one year from
the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person,
to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or
lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

 

“GAAP”
means generally accepted accounting principles in the United States of America, as in effect from time to time; provided, however,
that if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to
eliminate the effect of any change occurring after the Effective Date in GAAP or in the application thereof on the operation
of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any
provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in
the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until such notice shall have been withdrawn or such provision amended in
accordance herewith. Notwithstanding any other provision contained herein, (a) all terms of an accounting or financial nature
used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving
effect to any election under FASB Accounting Standards Codification 825-Financial Instruments, or any successor thereto
(including pursuant to the FASB Accounting Standards Codification), to value any Indebtedness of any subsidiary at
 “fair value,” as defined therein and (b) the amount of any Indebtedness under GAAP with respect to Capital Lease
Obligations shall be determined in accordance with the definition of Capital Lease Obligations.

 

    -35-

     

    

 

“Goldman Sachs”
has the meaning assigned to such term in the preliminary statements hereto.

 

“Governmental
Approvals” means all authorizations, consents, approvals, permits, licenses and exemptions of, registrations and filings
with, and reports to, Governmental Authorities.

 

“Governmental
Authority” means any (i) federal, state, local, municipal, or other government, (ii) governmental or quasi-Governmental
Authority of any nature (including any governmental agency, branch, department, official, or entity and any court or other tribunal),
(iii) any supranational Governmental Authority (such as the European Union or the European Central Bank) or (iv) body exercising,
or entitled to exercise any administrative, executive, judicial, legislative, police, regulatory, or taxing authority or power
of any nature, including any arbitral tribunal.

 

“Guarantee”
of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing
or having the economic effect of guaranteeing any Indebtedness of any other Person (the “primary obligor”) in
any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase
or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or to purchase (or to advance or supply funds
for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the
purpose of assuring the owner of such Indebtedness of the payment thereof, (c) to maintain working capital, equity capital
or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such
Indebtedness or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness;
provided that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business
or customary and reasonable indemnity obligations in effect on the Effective Date or entered into in connection with any acquisition
or disposition of assets permitted under this Agreement (other than such obligations with respect to Indebtedness). 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 in good faith by a Financial Officer. The term “Guarantee” as a verb has
a corresponding meaning.

 

“Guarantee Agreement”
means the Master Guarantee Agreement among the Loan Parties and the Administrative Agent, substantially in the form of Exhibit B.

 

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

 

“Holdings”
has the meaning assigned to such term in the preliminary statements hereto.

 

“IBA”
has the meaning specified in Section 1.09.

 

    -36-

     

    

 

“Identified
Participating Lenders” has the meaning assigned to such term in Section 2.11(a)(ii)(C)(3).

 

“Identified
Qualifying Lenders” has the meaning specified in Section 2.11(a)(ii)(D)(3).

 

“Immaterial
Subsidiary” means any Subsidiary other than a Material Subsidiary.

 

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

 

“Increased Amount”
of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the
accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness
or in the form of Qualified Equity Interests of the Borrower or any of its direct or indirect parent entities, the accretion of
original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of
fluctuations in the exchange rate of currencies.

 

“Incremental
Cap” means, as of any date of determination, (I) the greater of $120,000,000 and 100.0% of Consolidated EBITDA for the
most recently ended Test Period as of such time, less the aggregate principal amount of all Incremental Equivalent Debt incurred
in reliance on this clause (I), plus (II) an amount equal to all voluntary prepayments and debt buy-backs and payments
utilizing the “yank a bank” provisions herein (to the extent that the underlying debt is retired and not assigned)
and all existing Incremental Facilities and Incremental Equivalent Debt made prior to the date of any such incurrence (in the case
of any revolving facility, only so long as it is accompanied by a corresponding permanent commitment reduction thereunder) and
all voluntary prepayments of Credit Agreement Refinancing Indebtedness, in each case, to the extent secured on a pari passu
basis with the Credit Facilities except, in each case, to the extent (x) incurred in reliance on clause (III) below or (y) financed
with the proceeds of long-term Indebtedness (other than revolving indebtedness) of Holdings, any Intermediate Parent, the Borrower
or their Restricted Subsidiaries, plus (III) the maximum aggregate principal amount that can be incurred without causing
the First Lien Leverage Ratio, after giving effect to the incurrence of such Incremental Facility or Incremental Equivalent Debt
(which shall assume that the full amount of any revolving credit facilities and/or delayed draw credit facilities being established
at such time are fully drawn) and the use of proceeds thereof and any acquisition consummated concurrently therewith and any other
acquisition, disposition, debt incurrence, debt retirement and other appropriate pro forma adjustment events, including any debt
incurrence or retirement subsequent to the end of the applicable Test Period and on or prior to the date of such incurrence (but
in any event calculated without netting the cash proceeds of such Incremental Facility and any other Incremental Facility or Incremental
Equivalent Debt incurred concurrently), on a Pro Forma Basis (but excluding the cash proceeds of such incurrence and without giving
effect to any simultaneous incurrence of any Incremental Facility or Incremental Equivalent Debt made pursuant to the foregoing
clause (I)), to exceed 4.30 to 1.00 as of the last day of the most recently ended period of four consecutive fiscal quarters
for which financial statements have been delivered to the Administrative Agent, in each case, at the Borrower’s option, either
(A) at the time of the effectiveness of such Incremental Facility or Incremental Equivalent Debt or (B) in the case of any Incremental
Facility or Incremental Equivalent Debt incurred to finance a Limited Condition Acquisition, at the time a definitive agreement
is entered into with respect to the transaction to be financed by such Incremental Facility or Incremental Equivalent Debt. In
calculating the Incremental Cap, the Borrower may elect to use the amounts permitted under clause (III) of the preceding
sentence before using clause (I) and/or (II) of the preceding sentence, and if multiple amounts are available and the Borrower
does not make an election, the Borrower will be deemed to have utilized amounts permitted first under clause (III), second
under clause (II) and last under clause (I).

 

    -37-

     

    

 

“Incremental
Equivalent Debt” has the meaning assigned to such term in Section 6.01(a)(vii).

 

“Incremental
Facility” has the meaning assigned to such term in Section 2.20(a).

 

“Incremental
Facility Amendment” has the meaning assigned to such term in Section 2.20(d).

 

“Incremental
Term Facility” has the meaning assigned to such term in Section 2.20(a).

 

“Incremental
Revolving Commitment Increase” has the meaning assigned to such term in Section 2.20(a).

 

“Incremental
Term Loan” has the meaning assigned to such term in Section 2.20(a).

 

“Incurrence
Based Amounts” has the meaning assigned to such term in Section 1.07(b).

 

“Indebtedness”
of any Person means, without duplication, (a) all obligations of such Person for borrowed money, (b) all
obligations of such Person evidenced by bonds, debentures, notes or similar instruments to the extent the same would appear
as a liability on a balance sheet of such Person prepared in accordance with GAAP, (c) all obligations of such Person
under conditional sale or other title retention agreements relating to property acquired by such Person, (d) all
obligations of such Person in respect of the deferred purchase price of property or services (excluding (w) trade accounts
payable in the ordinary course of business, (x) any Earn-Out obligation, purchase price adjustment or similar obligation
until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and if not paid within
thirty (30) days after being due and payable, (y) liabilities associated with customer prepayments and deposits and
(z) expenses accrued in the ordinary course of business), (e) all Indebtedness of others secured by (or for which
the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned
or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such
Person of Indebtedness of others, (g) all Capital Lease Obligations of such Person, (h) all obligations, contingent
or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty and (i) all
obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances; provided that the term
 “Indebtedness” shall not include (i) deferred or prepaid revenue, (ii) purchase price holdbacks in
respect of a portion of the purchase price of an asset to satisfy warranty, indemnity or other unperformed obligations of the
seller, (iii) contingent indemnity and similar obligations incurred in the ordinary course of business (iv) any
obligations attributable to the exercise of appraisal rights and the settlement of any claims or actions (whether actual,
contingent or potential) with respect thereto, (v) Indebtedness of any Person that is a direct or indirect parent of Holdings
appearing on the balance sheet of Holdings or the Borrower, or solely by reason of push down accounting under GAAP,
(vi) any non-compete or consulting obligations incurred in connection with a Permitted Acquisition, (vii) any
reimbursement obligations under pre-paid contracts entered into with clients in the ordinary course of business,
(viii) for the avoidance of doubt, any Qualified Equity Interests issued by Holdings or the Borrower. The Indebtedness
of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general
partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other
relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable
therefor. The amount of Indebtedness of any Person for purposes of clause (e) above shall (unless such Indebtedness
has been assumed by such Person) be deemed to be equal to the lesser of (A) the aggregate unpaid amount of such
Indebtedness and (B) the fair market value of the property encumbered thereby as determined by such Person in good
faith. For all purposes hereof, the Indebtedness of the Borrower and its Restricted Subsidiaries shall exclude intercompany
liabilities arising from their cash management, tax, and accounting operations and intercompany loans, advances or
Indebtedness having a term not exceeding 364 days (inclusive of any rollover or extensions of terms).

 

    -38-

     

    

 

“Indemnified
Taxes” means Taxes imposed on or with respect to any payment made by or on account of any obligation of the Borrower
under any Loan Document, other than Excluded Taxes and Other Taxes.

 

“Indemnitee”
has the meaning assigned to such term in Section 9.03(b).

 

“Information”
has the meaning assigned to such term in Section 9.12(a).

 

“Initial Revolving
Loans” means the Revolving Loans made on the Effective Date pursuant to Section 2.01(i).

 

“Initial Term
Loans” means the Term Loans made on the Effective Date pursuant to Section 2.01(i).

 

“Insight”
means Insight Venture Management, LLC and its Affiliates (other than its portfolio companies).

 

“Intellectual
Property” has the meaning assigned to such term in the Collateral Agreement.

 

“Intellectual
Property Security Agreement” means short-form security agreements, suitable for filing with the United States Patent
and Trademark Office or the United States Copyright Office (as applicable), with respect to any Intellectual Property that is registered,
issued or applied for in the United States and that constitute Collateral.

 

“Intercreditor
Agreement” means the First Lien Intercreditor Agreement and/or the Second Lien Intercreditor Agreement, as the context
may require.

 

“Interest Coverage
Ratio” means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the Test Period most recently
ended on or prior to such date to (b) Consolidated Cash Interest Charges for such Test Period.

 

“Interest Election
Request” means a request by the Borrower to convert or continue a Revolving Borrowing or Term Borrowing in accordance
with Section 2.07.

 

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

 

“Interest
Period” means, with respect to any Eurodollar Borrowing, the period commencing on the date such Borrowing is
disbursed or converted to or continued as a Eurodollar Borrowing and ending on the date that is one, two, three or six months
thereafter as selected by the Borrower in its Borrowing Request (or, if agreed to by each Lender participating therein,
twelve months or such other period less than one month thereafter as the Borrower may elect); provided that
(a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the
next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case
such Interest Period shall end on the next preceding Business Day, (b) any Interest Period that commences on the last
Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month
of such Interest Period) shall end on the last Business Day of the last calendar month at the end of such Interest Period and
(c) no Interest Period shall extend beyond (i) in the case of Term Loans, the Term Maturity Date and (ii) in
the case of Revolving Loans, the Revolving Maturity Date. For purposes hereof, the date of a Borrowing initially shall be the
date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation
of such Borrowing.

 

    -39-

     

    

 

“Intermediate
Parent” means any Subsidiary of Holdings and of which the Borrower is a subsidiary.

 

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

 

“Investment”
means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the
purchase or other acquisition of Equity Interests or Indebtedness or other securities of another Person, (b) a loan, advance
or capital contribution to, Guarantee or assumption of Indebtedness of, or purchase or other acquisition of any other
Indebtedness or equity participation or interest in, another Person, including any partnership or joint venture interest in
such other Person (excluding, in the case of the Borrower and the Restricted Subsidiaries (i) intercompany advances arising
from their cash management, tax, and accounting operations and (ii) intercompany loans, advances, or Indebtedness having a
term not exceeding 364 days (inclusive of any roll-over or extensions of terms)) or (c) the purchase or other acquisition (in
one transaction or a series of transactions) of all or substantially all of the property and assets or business of another
Person or assets constituting a business unit, line of business or division of such Person. The amount, as of any date of
determination, of (a) any Investment in the form of a loan or an advance shall be the principal amount thereof outstanding on
such date, minus any cash payments actually received by such investor representing interest in respect of such
Investment (to the extent any such payment to be deducted does not exceed the remaining principal amount of such Investment
and without duplication of amounts increasing the Available Amount or the Available Equity Amount), but without any
adjustment for write-downs or write-offs (including as a result of forgiveness of any portion thereof) with respect to such
loan or advance after the date thereof, (b) any Investment in the form of a Guarantee shall be equal to the stated or
determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if
not stated or determinable, the maximum reasonably anticipated liability in respect thereof, as determined in good faith by a
Financial Officer, (c) any Investment in the form of a transfer of Equity Interests or other non-cash property by the
investor to the investee, including any such transfer in the form of a capital contribution, shall be the fair market value
(as determined in good faith by a Financial Officer) of such Equity Interests or other property as of the time of the
transfer, minus any payments actually received by such investor representing a return of capital of, or dividends or
other distributions in respect of, such Investment (to the extent such payments do not exceed, in the aggregate, the original
amount of such Investment and without duplication of amounts increasing the Available Amount or the Available Equity Amount),
but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect
to, such Investment after the date of such Investment, and (d) any Investment (other than any Investment referred to in
clause (a), (b) or (c) above) by the specified Person in the form of a purchase or other acquisition for
value of any Equity Interests, evidences of Indebtedness or other securities of any other Person shall be the original cost
of such Investment (including any Indebtedness assumed in connection therewith), plus (i) the cost of all additions
thereto and minus (ii) the amount of any portion of such Investment that has been repaid to the investor in cash as a
repayment of principal or a return of capital, and of any cash payments actually received by such investor representing
interest, dividends or other distributions in respect of such Investment (to the extent the amounts referred to in clause (ii)
do not, in the aggregate, exceed the original cost of such Investment plus the costs of additions thereto and without
duplication of amounts increasing the Available Amount or the Available Equity Amount), but without any other adjustment for
increases or decreases in value of, or write-ups, write-downs or write-offs with respect to, such Investment after the date
of such Investment. For purposes of Section 6.04, if an Investment involves the acquisition of more than one Person,
the amount of such Investment shall be allocated among the acquired Persons in accordance with GAAP; provided that
pending the final determination of the amounts to be so allocated in accordance with GAAP, such allocation shall be as
reasonably determined by a Financial Officer.

 

    -40-

     

    

 

“Investors”
means the Sponsors, the Public Parent, one or more co-investors and other investors who are holders of Equity Interests in Holdings
(or any direct or indirect parent thereof) on the Effective Date after giving effect to the Transactions.

 

“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 reasonably acceptable to the applicable
Issuing Bank and in effect at the time of issuance of such Letter of Credit).

 

“Issuing Bank”
means, as the context may require, (a) each Lead Arranger (or an Affiliate thereof designated by such Lead Arranger), (b) a bank
or other legally authorized Person designated by Administrative Agent (which Person may be Administrative Agent or an Affiliate
thereof) and reasonably acceptable to Borrower; (c) any other Lender that may become an Issuing Bank hereunder as provided in Section
2.05(k) (other than any Person that shall have ceased to be an Issuing Bank as provided in Section 2.05(l)), each in
its capacity as an issuer of Letters of Credit hereunder; and/or (d) collectively, all of the foregoing. Each Issuing Bank may,
in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates or designees of such Issuing Bank, in which
case the term “Issuing Bank” shall include any such Affiliate or designee with respect to Letters of Credit issued
by such Affiliate or designee. In the event that there is more than one Issuing Bank at any time, references herein and in the
other Loan Documents to the Issuing Bank shall be deemed to refer to the Issuing Bank in respect of the applicable Letter of Credit
or to all Issuing Banks, as the context requires.

 

“Judgment Currency”
has the meaning assigned to such term in Section 9.18.

 

“Junior Financing”
means (a) any Indebtedness (other than any permitted intercompany Indebtedness owing to Holdings, Intermediate Parent, the Borrower
or any Restricted Subsidiary) for borrowed money in a principal amount in excess of the greater of $15,000,000 and 12.5% of Consolidated
EBITDA for the most recently ended Test Period as of such date that is subordinated in right of payment to the Loan Document Obligations
and (b) any Permitted Refinancing in respect of the foregoing.

 

“Latest Maturity
Date” means, at any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment
hereunder at such time, including the latest maturity or expiration date of any Other Term Loan, any Other Term Commitment, any
Other Revolving Loan or any Other Revolving Commitment, in each case as extended in accordance with this Agreement from time to
time.

 

    -41-

     

    

 

“LC Disbursement”
means an honoring of a drawing by an Issuing Bank pursuant to a Letter of Credit.

 

“LC Exposure”
means, at any time, the sum of (a) the aggregate amount of all Letters of Credit that remains available for drawing at such
time and (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower
at such time. The LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the total LC Exposure at
such time. 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 3.13 or 3.14 of the ISP or for any Letter of Credit
issued with the exclusion of Article 36 of the UCP, such Letter of Credit shall be deemed to be “outstanding” in the
amount so remaining available to be drawn. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall
be deemed to be the stated amount of such Letter of Credit in effect at such time; provided that with respect to any Letter
of Credit that, by its terms or the terms of any 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 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.

 

“LC Obligations”
means, at any time, the sum of (a) the amount available to be drawn under Letters of Credit then outstanding, assuming compliance
with all requirements for drawings referenced therein, plus (b) the aggregate principal amount of all unreimbursed LC Disbursements.

 

“LCA Election”
has the meaning assigned to such term in Section 1.06.

 

“LCA Test Date”
has the meaning assigned to such term in Section 1.06.

 

“Lead Arranger”
means each of Goldman Sachs, Credit Suisse Loan Funding LLC, Golub Capital LLC, Deutsche Bank Securities Inc., Jefferies Finance
LLC and Blackstone Holdings Finance Co. L.L.C., each in its capacity as a lead arranger.

 

“Legal Reservations”
has the meaning assigned to such term in Section 3.02.

 

“Lenders”
means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an
Assignment and Assumption, an Incremental Facility Amendment, a Loan Modification Agreement or a Refinancing Amendment, in each
case, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

 

“Letter of Credit”
means any standby letter of credit or bank guarantee issued pursuant to this Agreement other than any such letter of credit or
bank guarantee that shall have ceased to be a “Letter of Credit” outstanding hereunder pursuant to Section 9.05.

 

“Letter of Credit
Request” has the meaning assigned to such term in Section 2.05(b).

 

“Letter of Credit
Sublimit” means an amount equal to $15,000,000. The Letter of Credit Sublimit is part of and not in addition to the aggregate
Revolving Commitments.

 

“LIBO Rate”
means, with respect to any Eurodollar Borrowing for any Interest Period, the LIBO Screen Rate at approximately 11:00 a.m., London
time, two (2) Business Days prior to the commencement of such Interest Period; provided that if the LIBO Screen Rate shall
not be available at such time for such Interest Period (an “Impacted Interest Period”) then the LIBO Rate shall
be the Interpolated Rate.

 

    -42-

     

    

 

“LIBO Screen
Rate” means, for any day and time, with respect to any Eurodollar Borrowing for any Interest Period, the London interbank
offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate
for U.S. Dollars for a period equal in length to such Interest Period as displayed on such day and time on pages LIBOR01 or LIBOR02
of the Reuters screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on any successor
or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes
such rate from time to time as selected by the Administrative Agent in its reasonable discretion); provided that if the
LIBO Screen Rate as so determined would be less than zero, such rate shall be deemed to zero for the purposes of this Agreement.

 

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

 

“Limited Condition
Acquisition” means any Permitted Acquisition or other investment permitted hereunder by the Borrower or one or more of
its Restricted Subsidiaries whose consummation is not conditioned on the availability of, or on obtaining, third-party financing.

 

“Loan Document
Obligations” means (a) the due and punctual payment in cash by the Borrower of (i) the principal of the Loans and LC
Disbursements, and all accrued and unpaid interest thereon at the Applicable Rate or rates provided in this Agreement (including
interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether
allowed or allowable in such proceeding), when and as due, whether at maturity, by acceleration, upon one or more dates set for
prepayment or otherwise and (ii) all other monetary obligations of the Borrower under or pursuant to this Agreement and each of
the other Loan Documents to which it is a party, including obligations to pay fees, expenses, reimbursement obligations and indemnification
obligations and obligations to provide cash collateral, whether primary, secondary, direct, contingent, fixed or otherwise (including
monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless
of whether allowed or allowable in such proceeding), (b) the due and punctual payment in cash and performance of all other monetary
obligations of the Borrower under or pursuant to each of the Loan Documents to which it is a party and (c) the due and punctual
payment and performance of all the monetary obligations of each other Loan Party under or pursuant to this Agreement and each of
the other Loan Documents to which it is a party (including interest and monetary obligations incurred during the pendency of any
bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding).

 

“Loan Documents”
means this Agreement, any Refinancing Amendment, any Loan Modification Agreement, any Incremental Facility Amendment, the Guarantee
Agreement, the Collateral Agreement, the other Security Documents, the Intercreditor Agreement (if applicable), the Fee Letter
and, except for purposes of Section 9.02, any Note delivered pursuant to Section 2.09(e).

 

“Loan Modification
Agreement” means a Loan Modification Agreement, in form reasonably satisfactory to the Administrative Agent, among the
Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other
amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.

 

“Loan Modification
Offer” has the meaning specified in Section 2.24(a).

 

    -43-

     

    

 

“Loan Parties”
means Holdings, any Intermediate Parent, the Borrower and any Subsidiary Loan Parties.

 

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

 

“Majority in
Interest”, when used in reference to Lenders of any Class, means, at any time, (a) in the case of the Revolving Lenders,
Lenders having Revolving Exposures and unused Revolving Commitments representing more than 50% of the sum of the aggregate Revolving
Exposures and the unused aggregate Revolving Commitments at such time and (b) in the case of the Term Lenders of any Class, Lenders
holding outstanding Term Loans of such Class representing more than 50% of all Term Loans of such Class outstanding at such time;
provided that whenever there are one or more Defaulting Lenders, the total outstanding Term Loans and Revolving Exposures
of, and the unused Revolving Commitments of, each Defaulting Lender shall be excluded for purposes of making a determination of
the Majority in Interest.

 

“Master Agreement”
has the meaning assigned to such term in the definition of “Swap Agreement”.

 

“Master Intercompany
Note” means the Master Intercompany Note substantially in the form of Exhibit I.

 

“Material Adverse
Effect” means (a) on the Effective Date, a “Material Adverse Effect” (as defined in the Acquisition Agreement
as in effect on the Effective Date) and (b) after the Effective Date, a circumstance or condition that would materially and adversely
affect (i) the business, results of operations or financial condition of the Borrower and its Restricted Subsidiaries, taken as
a whole, (ii) the ability of the Loan Parties, taken as a whole, to perform their payment obligations under the applicable Loan
Documents or (iii) the rights and remedies, taken as a whole, of an Agent and the applicable Lenders under the Loan Documents.

 

“Material Indebtedness”
means Indebtedness for borrowed money (other than the Loan Document Obligations), Capital Lease Obligations, unreimbursed obligations
for letter of credit drawings and financial guarantees (other than ordinary course of business contingent reimbursement obligations)
or obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and its Restricted Subsidiaries in
an aggregate principal amount exceeding $25,000,000. For purposes of determining Material Indebtedness, the “principal amount”
of the obligations in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting
agreements) that the Borrower or such Restricted Subsidiary would be required to pay if such Swap Agreement were terminated at
such time.

 

“Material Intellectual
Property” means, collectively, any intellectual property owned by Holdings, the Borrower or any of its Restricted Subsidiaries
that is material to the business of the Borrower and its Restricted Subsidiaries.

 

“Material Non-Public
Information” means (a) if the Borrower is a public reporting company, material non-public information with respect to
the Borrower or its Affiliates, or the respective securities of any of the foregoing for purposes of United States Federal and
state securities laws, and (b) if the Borrower is not a public reporting company, information that is (i) of the type that would
not be publicly available if the Borrower were a public reporting company and (ii) material with respect to the Borrower and its
Subsidiaries or any of their respective securities for purposes of United States Federal and state securities laws.

 

“Material Real
Property” means real property (including fixtures) located in the United States and owned (but not leased or ground-leased)
by any Loan Party with a book value, as reasonably determined by the Borrower in good faith, greater than or equal to $7,500,000
(it being understood that no real property owned by any Loan Party as of the date of this Agreement shall be deemed to be Material
Real Property).

 

    -44-

     

    

 

“Material Subsidiary”
means each Wholly Owned Restricted Subsidiary that, as of the last day of the fiscal quarter of the Borrower most recently ended,
had net revenues or total assets for such quarter in excess of 5.0% of the consolidated net revenues or total assets, as applicable,
of the Borrower and its Restricted Subsidiaries for such quarter; provided that in the event that the Immaterial Subsidiaries,
taken together, had as of the last day of the fiscal quarter of the Borrower most recently ended net revenues or total assets in
excess of 10.0% of the consolidated net revenues or total assets, as applicable, of the Borrower and its Restricted Subsidiaries
for such quarter, the Borrower shall designate at its sole discretion one or more Immaterial Subsidiaries to be a Material Subsidiary
as may be necessary such that the foregoing 10.0% limit shall not be exceeded, and any such Subsidiary shall thereafter be deemed
to be a Material Subsidiary hereunder; provided, further, that the Borrower may re-designate Material Subsidiaries
as Immaterial Subsidiaries so long as Borrower is in compliance with the foregoing.

 

“Maximum Rate”
has the meaning assigned to such term in Section 9.16.

 

“MFN Adjustment”
has the meaning assigned to such term in Section 2.20(b)(i).

 

“MFN Cushion”
means 0.50% per annum.

 

“Model”
means the model delivered by or on behalf of Insight to the Lead Arrangers on or about October 11, 2020.

 

“Moody’s”
means Moody’s Investors Service, Inc. and any successor to its rating agency business.

 

“Mortgage”
means a mortgage, deed of trust, assignment of leases and rents or other security document granting a Lien on any Mortgaged Property
in favor of the Administrative Agent for the benefit of the Secured Parties to secure the Secured Obligations, as the same may
be amended, amended and restated, supplemented or otherwise modified from time to time. Each Mortgage shall be in form and substance
reasonably satisfactory to the Administrative Agent and the Borrower.

 

“Mortgaged Property”
means each parcel of Material Real Property with respect to which a Mortgage is granted pursuant to the Collateral and Guarantee
Requirement, Section 5.11, Section 5.12 or Section 5.14 (if any).

 

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

 

“Net
Proceeds” means, with respect to any event, (a) the proceeds received in respect of such event in cash or
Permitted Investments, including (i) any cash or Permitted Investments received in respect of any Designated Non-Cash
Consideration or other non-cash proceeds (including any cash payments received by way of deferred payment of principal
pursuant to a note or installment receivable or purchase price adjustment or Earn-Out, but excluding any interest payments),
but only as and when received, (ii) in the case of a casualty, insurance proceeds that are actually received, and
(iii) in the case of a condemnation or similar event, condemnation awards and similar payments that are actually
received, minus (b) the sum of (i) all fees and out-of-pocket expenses paid by Holdings, any
Intermediate Parent, the Borrower and its Restricted Subsidiaries in connection with such event (including attorney’s
fees, investment banking fees, survey costs, title insurance premiums, and related search and recording charges, transfer
taxes, deed or mortgage recording taxes, underwriting discounts and commissions, other customary expenses and brokerage,
consultant, accountant and other customary fees), (ii) in the case of a sale, transfer or other disposition of an asset
(including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar proceeding), (x) the
amount of all payments that are permitted hereunder and are made by Holdings, any Intermediate Parent, the Borrower and its
Restricted Subsidiaries as a result of such event to repay Indebtedness (other than (x) the Loans or (y) other pari passu or
junior Indebtedness secured by a lien on the Collateral) secured by such asset or otherwise subject to mandatory prepayment
as a result of such event, (y) the pro rata portion of net cash proceeds thereof (calculated without regard to this
clause (y)) attributable to minority interests and not available for distribution to or for the account of Holdings,
any Intermediate Parent, the Borrower or its Restricted Subsidiaries as a result thereof and (z) the amount of any
liabilities directly associated with such asset and retained by the Borrower or any Restricted Subsidiary and (iii) the
amount of all taxes paid (or reasonably estimated to be payable), the amount of Tax Distributions, dividends and other
restricted payments that Holdings, any Intermediate Parent, the Borrower and/or the Restricted Subsidiaries may make pursuant
to Section 6.07(a)(vi)(A) or (B) as a result of such event, and the amount of any reserves established by
Holdings, any Intermediate Parent, the Borrower and its Restricted Subsidiaries to fund contingent liabilities reasonably
estimated to be payable, that are directly attributable to such event, provided that any reduction at any time in the
amount of any such reserves (other than as a result of payments made in respect thereof) shall be deemed to constitute the
receipt by the Borrower at such time of Net Proceeds in the amount of such reduction.

 

    -45-

     

    

 

“Non-Accepting
Lender” has the meaning assigned to such term in Section 2.24(c).

 

“Non-Cash Charges”
means (a) any impairment charge or asset write-off or write-down, including impairment charges or asset write-offs or write-downs
related to intangible assets (including goodwill), long-lived assets, and Investments in debt and equity securities or as a result
of a change in law or regulation, in each case pursuant to GAAP, and the amortization of intangibles pursuant to GAAP (which, without
limiting the foregoing, shall include any impairment charges resulting from the application of FASB Statements No. 142 and 144
and the amortization of intangibles arising pursuant to No. 141), (b) all losses from Investments recorded using the equity method,
(c) all Non-Cash Compensation Expenses, (d) the non-cash impact of acquisition method accounting, (e) depreciation and amortization
(including amortization of deferred financing fees or costs, Capitalized Software Expenditures and amortization of unrecognized
prior service costs and actuarial gains and losses related to pension and other post-employment benefits) and (f) other non-cash
charges (including non-cash charges related to deferred rent) (provided, in each case, that if any non-cash charges represent
an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period
shall be subtracted from Consolidated EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in
a prior period).

 

“Non-Cash Compensation
Expense” means any non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based
awards and similar incentive based compensation awards or arrangements.

 

“Non-Consenting
Lender” has the meaning assigned to such term in Section 9.02(c).

 

“Non-Wholly
Owned Subsidiary” of any Person means any Subsidiary of such Person other than a Wholly Owned Subsidiary.

 

“Not Otherwise
Applied” means, with reference to the Available Amount, the Available Equity Amount that such amount was not previously
applied pursuant to 6.04(m), 6.07(a)(vii) and 6.07(b)(vii).

 

“Note”
means a promissory note of the Borrower, in substantially the form of Exhibit R, payable to a Lender in a principal amount
equal to the principal amount of the Revolving Commitment or Term Loans, as applicable, of such Lender.

 

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

 

    -46-

     

    

 

“NYFRB Rate”
means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding
Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided
that if none of such rates are published for any day that is a Business Day, the term “NYFRB Rate” means the rate for
a federal funds transaction quoted at 11:00 a.m. on such day received by the Administrative Agent from a federal funds broker of
recognized standing selected by it; provided, further, that if any of the aforesaid rates as so determined be less than
zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“Offered Amount”
has the meaning assigned to such term in Section 2.11(a)(ii)(D)(1).

 

“Offered Discount”
has the meaning assigned to such term in Section 2.11(a)(ii)(D)(1).

 

“Organizational
Documents” means, with respect to any Person, the charter, articles of association or certificate of organization or
incorporation and bylaws or other organizational or governing documents of such Person.

 

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

 

“Other Revolving
Commitments” means one or more Classes of Revolving Commitments hereunder or extended Revolving Commitments that result
from a Refinancing Amendment or a Loan Modification Agreement.

 

“Other Revolving
Loans” means the Revolving Loans made pursuant to any Other Revolving Commitment or a Loan Modification Agreement.

 

“Other Taxes”
means any and all present or future recording, stamp, documentary or similar Taxes arising from any payment made under any Loan
Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document except any such Taxes
that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.19(b)).

 

“Other Term
Commitments” means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment or
a Loan Modification Agreement.

 

“Other Term
Loans” means one or more Classes of Term Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

 

    -47-

     

    

 

“Overnight Bank
Funding Rate” means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings
by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth
on the Federal Reserve Bank of New York’s Website from time to time, and published on the next succeeding Business Day by
the NYFRB as an overnight bank funding rate.

 

“Parent”
means E2open Holdings, LLC, a Delaware limited liability company.

 

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

 

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

 

“Participating
Lender” has the meaning assigned to such term in Section 2.11(a)(ii)(C)(2).

 

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

 

“Perfection
Certificate” means a certificate substantially in the form of Exhibit C.

 

“Perfection
Requirements” means the need for appropriate filings, registrations, endorsements, notarizations, stampings and/or notifications
of the Security Documents or the Collateral and any other steps or actions necessary in any jurisdiction or under any laws or regulations
in order to create or perfect the Liens on the Collateral granted by the Loan Parties in favor of the Secured Parties and/or to
achieve the relevant priority expressed therein (including the delivery any stock certificate or promissory note required to be
delivered pursuant to the applicable Loan Documents).

 

“Permitted Acquisition”
means the purchase or other acquisition, by merger, consolidation or otherwise, by the Borrower or any Restricted Subsidiary of
any Equity Interests in, or all or substantially all the assets of (or all or substantially all the assets constituting a business
unit, division, product line or line of business of), any Person; provided that (a) in the case of any purchase or
other acquisition of Equity Interests in a Person, (i) such Person, upon the consummation of such purchase or acquisition, will
be a Restricted Subsidiary (including as a result of a merger or consolidation between any Subsidiary and such Person), or (ii)
such Person is merged into or consolidated with a Restricted Subsidiary and such Restricted Subsidiary is the surviving entity
of such merger or consolidation, (b) the business of such Person, or such assets, as the case may be, constitute a Similar
Business, (c) with respect to each such purchase or other acquisition, all actions required to be taken with respect to such newly
created or acquired Restricted Subsidiary (including each subsidiary thereof) or assets in order to satisfy the requirements set
forth in clauses (a), (b), (c) and (d) of the definition of the term “Collateral and Guarantee
Requirement” to the extent applicable shall have been taken to the extent required by Sections 5.11 or 5.12
(or arrangements for the taking of such actions after the consummation of the Permitted Acquisition shall have been made that are
reasonably satisfactory to the Administrative Agent) (other than with respect to any Subsidiary of such newly created or acquired
Restricted Subsidiary that is designated as an Unrestricted Subsidiary pursuant to Section 5.13 or is otherwise an Excluded
Subsidiary) and (d) after giving effect to any such purchase or other acquisition no Event of Default under Section 7.01(a),
(b), (h) or (i) shall have occurred and be continuing.

 

“Permitted
Amendment” means an amendment to this Agreement and, if applicable the other Loan Documents, effected in connection
with a Loan Modification Offer pursuant to Section 2.24, providing for an extension of a maturity date applicable to
the Loans and/or Commitments of the Accepting Lenders and, in connection therewith, (a) a change in the Applicable Rate with
respect to the Loans and/or Commitments of the Accepting Lenders and/or (b) a change in the fees payable to, or the inclusion
of new fees to be payable to, the Accepting Lenders and/or (c) additional covenants or other provisions (i) with respect to
which the Lenders under the Term Loans or Revolving Loans, as applicable, also receive the benefit of such more restrictive
terms (it being acknowledged that any “springing” financial maintenance covenant or other covenant or provision
only applicable to, or for the benefit of, a revolving credit facility shall also be added solely for the benefit of each
revolving credit facility hereunder (and not for the benefit of any term loan facility hereunder), together with, at the
election of the Borrower, any applicable “equity cure” provisions with respect to any financial maintenance
covenant) (it being understood to the extent that any covenant is added for the benefit of any such Indebtedness, no consent
shall be required from the Administrative Agent or any Lender to the extent that such covenant is also added for the benefit
of any corresponding existing Term Loans or Revolving Loans, as applicable), (ii) to the extent any such provisions apply
after the Latest Maturity Date at the time of such Loan Modification Offer, or (iii) to the extent such terms shall be
reasonably satisfactory to the Administrative Agent and the Borrower.

 

    -48-

     

    

 

“Permitted ECF
Recalculation Considerations” has the meaning assigned to such term in Section 2.11(d).

 

“Permitted Encumbrances”
means:

 

(a)               
Liens for Taxes, assessments or governmental charges that are not overdue for a period of more than 30 days or that 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;

 

(b)               
Liens with respect to outstanding motor vehicle fines and Liens imposed by law, such as carriers’, warehousemen’s,
mechanics’, materialmen’s, repairmen’s or construction contractors’ Liens and other similar Liens arising
in the ordinary course of business that secure amounts not overdue for a period of more than 30 days or, if more than 30 days overdue,
are unfiled and no other action has been taken to enforce such Lien or that 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, in each case so long as such Liens do not individually or in the aggregate have a Material Adverse Effect;

 

(c)               
Liens incurred, pledges or deposits made in the ordinary course of business (i) in connection with payroll taxes, workers’
compensation, unemployment insurance and other social security legislation, public liability laws or similar legislation or (ii) securing
liability for reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees
or similar instrument for the benefit of) insurance carriers providing property, casualty or liability insurance to the Borrower
or any Restricted Subsidiary or otherwise supporting the payment of items of the type set forth in the foregoing clause (i);

 

(d)               
Liens incurred or deposits made to secure the performance of tenders, bids, trade contracts, customer claims, governmental
contracts and leases, statutory obligations, surety, stay, customs and appeal bonds, performance bonds, bankers acceptance facilities
and other obligations of a like nature (including those to secure health, safety and environmental obligations) and obligations
in respect of letters of credit, bank guarantees or similar instruments that have been posted to support the same, in each case
incurred in the ordinary course of business or consistent with past practices;

 

(e)               
 easements, licenses, servitudes, restrictive covenants, rights-of-way, restrictions, encroachments, protrusions, zoning
restrictions and other similar encumbrances and title defects affecting real property that, in the aggregate, do not materially
interfere with the ordinary conduct of the business of the Borrower and its Restricted Subsidiaries taken as a whole;

 

(f)                
leases or subleases of real or personal property granted to other Persons (as lessee thereof) that do not materially interfere
with the ordinary conduct of the business of the Borrower and its Restricted Subsidiaries taken as a whole;

 

(g)               
rights of future tenants pursuant to written leases entered into in accordance with the terms hereof;

 

 

(h)               
Liens securing, or otherwise arising from, judgments not constituting an Event of Default under Section 7.01(j)
and any pledge and/or deposit securing any settlement of threatened litigation;

 

    -49-

     

    

 

(i)                
Liens on (i) goods the purchase price of which is financed by a documentary letter of credit issued for the account of Holdings
or any of its Subsidiaries or Liens on bills of lading, drafts or other documents of title arising by operation of law or pursuant
to the standard terms of agreements relating to letters of credit, bank guarantees and other similar instruments; provided
that such Lien secures only the obligations of Holdings or such Subsidiaries in respect of such letter of credit to the extent
such obligations are permitted by Section 6.01 and (ii) specific items of inventory or other goods and proceeds of any Person
securing such Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person
to facilitate the purchase, shipment or storage of such inventory or other goods;

 

(j)                
Liens arising from precautionary Uniform Commercial Code financing statements or similar filings made in respect of operating
leases entered into by the Borrower or any of its Subsidiaries;

 

(k)               
rights of recapture of unused real property (other than any Mortgaged Property) in favor of the seller of such property
set forth in customary purchase agreements and related arrangements with any Governmental Authority;

 

(l)                
Liens in favor of deposit banks or securities intermediaries securing customary fees, expenses or charges in connection
with the establishment, operation or maintenance of deposit accounts or securities accounts;

 

(m)             
liens in favor of obligations in respect of performance, bid, appeal and surety bonds and performance and completion guarantees
and similar obligations provided by the Borrower or any of the Restricted Subsidiaries or obligations in respect of letters of
credit, bank guarantees or similar instruments related thereto, in each case in the ordinary course of business or consistent with
past practice;

 

(n)               
Liens arising from grants of non-exclusive licenses or sublicenses of Intellectual Property made in the ordinary course
of business;

 

(o)                rights
of setoff, banker’s lien, netting agreements and other Liens arising by operation of law or by of the terms of
documents of banks or other financial institutions in relation to the maintenance of administration of deposit accounts,
securities accounts, cash management arrangements or in connection with the issuance of letters of credit, bank guarantees or
other similar instruments;

 

(p)               
Liens arising from the right of distress enjoyed by landlords or Liens otherwise granted to landlords, in either case, to
secure the payment of arrears of rent or performance of other obligations in respect of leased properties, so long as such Liens
are not exercised or except where the exercise of such Liens would not reasonably be expected to have a Material Adverse Effect;

 

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(q)               
Liens or security given to public utilities or to any municipality or Governmental Authority when required by the utility,
municipality or Governmental Authority in connection with the supply of services or utilities to Holdings or any of its Subsidiaries;

 

(r)                
servicing agreements, development agreements, site plan agreements, subdivision agreements, facilities sharing agreements,
cost sharing agreements and other agreements pertaining to the use or development of any of the assets of the Person, provided
the same do not result in (i) a substantial and prolonged interruption or disruption of the business activities of the Borrower
and its Restricted Subsidiaries, taken as a whole, or (ii) a Material Adverse Effect; and

 

(s)                
Liens securing Priority Obligations;

 

provided that the term “Permitted
Encumbrances” shall not include any Lien securing Indebtedness for borrowed money other than Liens referred to in clauses
(d) and (k) above securing obligations under letters of credit or bank guarantees or similar instruments related thereto and in
clause (g) above, in each case to the extent any such Lien would constitute a Lien securing Indebtedness for borrowed money.

 

“Permitted First
Priority Refinancing Debt” means any secured Indebtedness incurred by any Loan Party in the form of one or more series
of senior secured notes or senior secured loans; provided that (i) such Indebtedness is secured by the Collateral on a pari passu
basis (but without regard to the control of remedies) with the Loan Document Obligations, (ii) such Indebtedness constitutes
Credit Agreement Refinancing Indebtedness, and (iii) a Senior Representative acting on behalf of the holders of such Indebtedness
shall have become party to the relevant Intercreditor Agreement(s); provided that if such Indebtedness is the initial Permitted
First Priority Refinancing Debt incurred by the Borrower, then the Borrower, the Subsidiary Loan Parties, the Administrative Agent
and the Senior Representative for such Indebtedness shall have executed and delivered the relevant Intercreditor Agreement(s).
Permitted First Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

 

“Permitted Holders”
means (a) the Sponsors, and (b) any person or entity with which any of the Sponsors forms a “group” (within the meaning
of Section 14(d) of the Exchange Act) so long as, in the case of this clause (b), the applicable Sponsors beneficially own
more than 50% of the relevant voting stock beneficially owned by that group.

 

“Permitted Investments”
means any of the following, to the extent owned by the Borrower or any Restricted Subsidiary:

 

(a)               
dollars, euros, Swiss francs, Sterling, Canadian dollars, or such other currencies held by it from time to time in the ordinary
course of business;

 

(b)                readily
marketable obligations issued or directly and fully guaranteed or insured by the government or any agency or instrumentality
of (i) the United States, (ii) the United Kingdom, (iii) Canada, (iv) Switzerland or (v) any member nation of the European
Union rated A (or the equivalent thereof) or better by S&P and A2 (or the equivalent thereof) or better by Moody’s,
having average maturities of not more than 24 months from the date of acquisition thereof; provided that the full
faith and credit of such country or such member nation of the European Union is pledged in support thereof;

 

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(c)               
time deposits with, or certificates of deposit or bankers’ acceptances of, any commercial bank that (i) is a
Lender or (ii) has combined capital and surplus of at least $250,000,000 in the case of U.S. banks and $100,000,000 (or the
U.S. dollar equivalent as of the date of determination) in the case of foreign banks (any such bank in the foregoing clauses (i)
or (ii) being an “Approved Bank”), in each case with average maturities of not more than 12 months from
the date of acquisition thereof;

 

(d)               
commercial paper and variable or fixed rate notes issued by an Approved Bank (or by the parent company thereof) or any variable
or fixed rate note issued by, or guaranteed by, a corporation rated A-2 (or the equivalent thereof) or better by S&P or P-2
(or the equivalent thereof) or better by Moody’s, in each case with average maturities of not more than 12 months from the
date of acquisition thereof;

 

(e)               
repurchase agreements entered into by any Person with an Approved Bank, a bank or trust company (including any of the Lenders)
or recognized securities dealer covering securities described in clauses (b) and (c) above;

 

(f)                
marketable short-term money market and similar highly liquid funds substantially all of the assets of which are comprised
of securities of the types described in clauses (b) through (e) above;

 

(g)               
securities with average maturities of 24 months or less from the date of acquisition issued or fully guaranteed by any state,
commonwealth or territory of the United States, the United Kingdom, Canada, Switzerland, a member of the European Union or by any
political subdivision or taxing authority of any such state, member, commonwealth or territory having an investment grade rating
from either S&P or Moody’s (or the equivalent thereof);

 

(h)               
investments with average maturities of 12 months or less from the date of acquisition in mutual funds rated AA- (or the
equivalent thereof) or better by S&P or Aa3 (or the equivalent thereof) or better by Moody’s;

 

(i)                
instruments equivalent to those referred to in clauses (a) through (h) above denominated in euros or
any other foreign currency comparable in credit quality and tenor to those referred to above and customarily used by corporations
for cash management purposes in any jurisdiction outside the United States to the extent reasonably required in connection with
any business conducted by any Subsidiary organized or incorporated in such jurisdiction;

 

(j)                
investments, classified in accordance with GAAP as current assets of the Borrower or any Subsidiary, in money market investment
programs that are registered under the Investment Company Act of 1940 or that are administered by financial institutions having
capital of at least $250,000,000 or its equivalent, and, in either case, the portfolios of which are limited such that substantially
all of such investments are of the character, quality and maturity described in clauses (a) through (i) of this
definition;

 

(k)               
demand deposit accounts holding cash;

 

(l)                
 interest bearing instruments with a maximum maturity of 180 days in respect of which the obligor is a G7 government or
other G7 governmental agency or a G7 financial institution with credit ratings from S&P of at least “A-2” or the
equivalent thereof or from Moody’s of at least “P-2” or the equivalent thereof;

 

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(m)             
other short-term investments of a type analogous to the foregoing utilized by Foreign Subsidiaries;

 

(n)               
investment funds investing at least 90% of their assets in securities of the types described in clauses (a) through
(m) above; and

 

(o)               
any guarantee or indemnity for the obligations of a Subsidiary in connection with a Subsidiary claiming exemption from audit,
the preparation and filing of its accounts or other similar exemptions (including under section 394C, 448C or 479C of the Companies
Act 2006 or other similar or equivalent provisions).

 

“Permitted
Refinancing” means, with respect to any Person, any modification, refinancing, refunding, renewal, exchange or
extension of any Indebtedness of such Person; provided that (a) the principal amount (or accreted value, if
applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so modified,
refinanced, refunded, renewed, exchanged or extended except (i) by an amount equal to unpaid accrued interest and premium
thereon plus underwriting discounts, other amounts paid, and fees and expenses (including upfront fees, original issue
discount or initial yield payments) incurred, in connection with such modification, refinancing, refunding, renewal or
extension, (ii) by an amount equal to any existing revolving commitments unutilized thereunder to the extent that the portion
of any existing and unutilized revolving commitment being refinanced was permitted to be drawn under Section 6.01
immediately prior to such refinancing (other than by reference to a Permitted Refinancing) and such drawing shall be deemed
to have been made and (iii) to the extent such excess amounts is otherwise permitted to be incurred under Section 6.01,
(b) other than with respect to a Permitted Refinancing in respect of Indebtedness permitted pursuant to Section 6.01(a)(v), (a)(xii)
and (a)(xxvi), Indebtedness resulting from such modification, refinancing, refunding, renewal, exchange or extension
has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity
equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being modified, refinanced, refunded,
renewed, exchanged or extended; provided that the foregoing requirements of this clause (b) shall not apply to
the extent such Indebtedness constitutes a customary bridge facility, so long as the long-term Indebtedness into which any
such bridge facility is to be converted or exchanged satisfies the requirements of this clause (b) and such conversion
or exchange is subject only to conditions customary for similar conversions or exchanges (c) if the Indebtedness being
modified, refinanced, refunded, renewed, exchanged or extended is subordinated in right of payment to the Loan Document
Obligations, Indebtedness resulting from such modification, refinancing, refunding, renewal or extension is subordinated in
right of payment to the Loan Document Obligations on terms not materially less favorable, taken as a whole, to the Lenders as
those contained in the documentation governing the Indebtedness being modified, refinanced, refunded, renewed, exchanged or
extended, (d) such Permitted Refinancing is not secured by a Lien on any assets other than the collateral securing, and, to
the extent secured by Collateral, with no higher priority than the Liens securing, the Indebtedness being refinanced, except
for accessions and additions to such property and replacements and proceeds thereof (unless permitted to be secured by
another provision of Section 6.02), (e) if unsecured, such Indebtedness shall remain unsecured (unless permitted to be
secured by another provision of Section 6.02) and (f) no Loan Party that was not an obligor with respect to the
Indebtedness being refinanced shall be an obligor under the Permitted Refinancing and if the Indebtedness being refinanced
was (or was required to be) subject to an Intercreditor Agreement, the holders of such Permitted Refinancing (if such
Indebtedness is secured) or their authorized representative on their behalf, shall become party to such Intercreditor
Agreement, in each case providing for the same (or lesser) lien priority renewed, exchanged or extended. For the avoidance of
doubt, it is understood that a Permitted Refinancing may constitute a portion of an issuance of Indebtedness in excess of the
amount of such Permitted Refinancing; provided that such excess amount is otherwise permitted to be incurred under Section
6.01. For the avoidance of doubt, it is understood and agreed that a Permitted Refinancing includes successive Permitted
Refinancings of the same Indebtedness to the extent such successive Permitted Refinancings satisfy the foregoing
requirements.

 

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“Permitted Unsecured
Refinancing Debt” means any unsecured Indebtedness incurred by the Loan Parties in the form of one or more series of
senior unsecured notes or senior unsecured loans; provided that such Indebtedness constitutes Credit Agreement Refinancing
Indebtedness. Permitted Unsecured Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

 

“Person”
means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental
Authority or other entity, whether existing as of the Effective Date or subsequently created or coming to exist.

 

“Plan”
means any employee pension benefit plan as such term is defined in Section 3(2) of ERISA (other than a Multiemployer Plan) subject
to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which
a Loan Party or any ERISA Affiliate is an “employer” as defined in Section 3(5) of ERISA.

 

“Platform”
has the meaning assigned to such term in Section 5.01.

 

“Pledged Equity
Interests” has the meaning set forth in the Collateral Agreement.

 

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

 

“Prepayment
Event” means:

 

(a)               
any non-ordinary course sale, transfer or other disposition of any property or asset of the Borrower or any of its Restricted
Subsidiaries pursuant to Section 6.05(k) or the occurrence of any other Casualty Event, in each case resulting in aggregate
Net Proceeds exceeding (A) with respect to any single transaction or series of related transactions, the greater of $3,500,000
and 2.50% of Consolidated EBITDA individually or (B) with respect to all dispositions pursuant to Section 6.05(k) or Casualty
Events in each case not excluded pursuant to previous clause (A), the greater of $7,000,000 and 5.00% of Consolidated EBITDA in
the aggregate in any fiscal year than dispositions constituting a sale and leaseback transaction to the extent consummated substantially
contemporaneously with the acquisition by the Borrower or such Restricted Subsidiary of the property subject to such sale and leaseback
transaction; provided that, for the avoidance of doubt, only Net Proceeds in excess of such amount shall be subject to the
mandatory prepayment provisions set forth in Section 2.11(c) and no Prepayment Event shall occur in any fiscal year until
the Net Proceeds received during such fiscal year that are subject to clause (B) above exceed the amount set forth in clause (B)
above; or

 

(b)               
the incurrence by the Borrower or any of its Restricted Subsidiaries of any Indebtedness, other than Indebtedness permitted
under Section 6.01 (other than Credit Agreement Refinancing Indebtedness) or permitted by the Required Lenders pursuant
to Section 9.02.

 

“Prepayment
Percentage” means (x) with respect to a Prepayment Event described in clause (a) of the definition of Prepayment Event,
the Asset Sale Prepayment Percentage and (y) with respect to a Prepayment Event described in clause (b) of the definition of Prepayment
Event, 100%.

 

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“Prime Rate”
means the per annum rate publicly quoted from time to time by The Wall Street Journal as the “Prime Rate” in the United
States (or, if The Wall Street Journal ceases quoting a prime rate of the type described, either (a) the per annum rate quoted
as the base rate on such corporate loans in a different national publication as reasonably selected by Administrative Agent or
(b) the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519)
entitled “Selected Interest Rates” as the Bank prime loan rate or its equivalent).

 

“Priority Obligation”
means any obligation that is secured by a Lien on any Collateral in favor of a Governmental Authority, which Lien ranks or is capable
of ranking prior to or pari passu with the Liens created thereon by the applicable Security Documents, including any such
Lien securing amounts owing for wages, vacation pay, severance pay, employee deductions, sales tax, excise tax, other Taxes, workers
compensation, governmental royalties and stumpage or pension fund obligations.

 

“Pro Forma Basis,”
 “Pro Forma Compliance” and “Pro Forma Effect” mean, as to any Person, for any events as described
below that occur subsequent to the commencement of a period for which the effect of such events is being calculated, and giving
effect to the events for which such calculation is being made, such calculation as will give pro forma effect to such events as
if such events occurred on the first day of the four (4) consecutive fiscal quarter period ended on or before the occurrence of
such event (the “Reference Period”):

 

(a)                in making any determination
of Consolidated EBITDA or any component thereof or the determination of financial ratios and tests hereunder, effect shall be given
to the Transactions, any Specified Transaction made during the applicable Test Period and any synergies, operating improvements,
operating expense reductions or cost savings pertaining to the business of the Borrower or any of its Subsidiaries, in each case,
that occurred during the Reference Period or with respect to any such event or transaction included in the definition of Specified
Transactions and projected by the Borrower in good faith to result from actions that either have been taken, with respect to which
substantial steps have been taken or that are expected to be taken within 24 months after the end of the relevant Reference Period
net of the amount of actual benefits realized, and without duplication of any such amount included in Consolidated EBITDA pursuant
to the definition thereof; provided that any increase in Consolidated EBITDA as a result of any of the foregoing pro forma
adjustments shall be subject to any applicable limitations set forth in the definition of Consolidated EBITDA (including any caps
or percentage limitations or other limitations on adjustments for cost savings and related expenses set forth therein);

 

(b)                in making any
determination on a Pro Forma Basis, of Pro Forma Compliance or of Pro Forma Effect, (i) all Indebtedness (including
Indebtedness issued, incurred or assumed as a result of, or to finance, any relevant transactions and for which the financial
effect is being calculated, whether incurred under the Loan Documents or otherwise) issued, incurred, assumed or repaid
during the Reference Period (or with respect to Indebtedness repaid, during the Reference Period or subsequent to the end of
the Reference Period and prior to, or simultaneously with, the event for which the calculation of any such ratio is made)
shall be deemed to have been issued, incurred, assumed or repaid at the beginning of such period, (ii) such calculation shall
be made without regard to the netting of any cash proceeds of Indebtedness incurred in connection with the relevant
transactions, (iii) in the case of any Indebtedness in the nature of a revolving credit facility, the entire principal amount
of such credit facility shall be deemed to have been fully drawn and (iv) interest expense of such Person attributable to
interest on any Indebtedness for which pro forma effect is being given as provided in preceding clause (i) bearing
floating interest rates shall be computed on a pro forma basis at the rate which is or would be in effect with respect to
such Indebtedness as of the relevant date of determination,

 

    -55-

     

    

 

 

(c)      with respect to (A)
any re-designation of a Subsidiary as an Restricted Subsidiary, effect shall be given to such Subsidiary re-designation and all
other Subsidiary re-designations after the first day of the relevant Reference Period and on or prior to the date of the respective
Subsidiary re-designation then being designated, collectively and (B) any designation of a Subsidiary as an Unrestricted Subsidiary,
effect shall be given to such designation and all other designations of Subsidiaries as Unrestricted Subsidiaries after the first
day of the relevant Reference Period and on or prior to the date of the then applicable designation of a Subsidiary as an Unrestricted
Subsidiary, collectively, and

 

(d)      income statement
items (whether positive or negative) attributable to all property acquired or disposed of in such relevant transaction shall be
included as if such transaction had occurred as of the first day of the relevant Test Period. Whenever a financial ratio or test
or covenant is to be calculated on a Pro Forma Basis, the reference to the “Test Period” for purposes of calculating
such financial ratio or test shall be deemed to be a reference to, and shall be based on, the most recently ended Test Period for
which financial statements of Holdings were delivered pursuant to Section 5.01(a) or (b).

 

“Pro Forma Disposal
Adjustment” means, for any Test Period that includes all or a portion of a fiscal quarter included in any Post-Transaction
Period with respect to any Sold Entity or Business, the pro forma increase or decrease in Consolidated EBITDA projected by the
Borrower in good faith as a result of contractual arrangements between the Borrower or any Restricted Subsidiary entered into with
such Sold Entity or Business at the time of its disposal or within the Post-Transaction Period and which represent an increase
or decrease in Consolidated EBITDA which is incremental to the Disposed EBITDA of such Sold Entity or Business for the most recent
Test Period prior to its disposal.

 

“Pro Forma Entity”
means any Acquired Entity or Business or any Converted Restricted Subsidiary.

 

“Pro Forma Financial
Statements” has the meaning assigned to such term in Section 3.04(c).

 

“Proposed Change”
has the meaning assigned to such term in Section 9.02(c).

 

“Public Company
Costs” means, as to any Person, costs associated with, or in anticipation of, or preparation for, compliance with the
requirements of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith and charges relating
to compliance with the provisions of the Securities Act and the Exchange Act, as applicable to companies with equity or debt securities
held by the public, the rules of national securities exchange companies with listed equity or debt securities, directors’
or managers’ compensation, fees and expense reimbursement, charges relating to investor relations, shareholder meetings and
reports to shareholders or debtholders, directors’ and officers’ insurance and other executive costs, legal and other
professional fees and listing fees.

 

“Public Lender”
has the meaning assigned to such term in Section 5.01.

 

“Public Parent”
has the meaning assigned to such term in the definition of “Acquisition Agreement”.

 

“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).

 

    -56-

     

    

 

“QFC Credit
Support” has the meaning specified in Section 9.20.

 

“Qualified Equity
Interests” means Equity Interests of Holdings or the Borrower other than Disqualified Equity Interests.

 

“Qualifying
Lender” has the meaning assigned to such term in Section 2.11(a)(ii)(D)(3).

 

“Ratio Debt”
has the meaning assigned to such term in Section 6.01(a)(viii).

 

“Recipient”
means the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on account
of any obligation of any Loan Party hereunder or under any other Loan Document.

 

“Refinanced
Debt” has the meaning assigned to such term in the definition of “Credit Agreement Refinancing Indebtedness.”

 

“Refinancing
Amendment” means an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent
and the Borrower executed by each of (a) the Borrower and Holdings, (b) the Administrative Agent and (c) each Additional
Lender and Lender that agrees to provide any portion of the Credit Agreement Refinancing Indebtedness being incurred pursuant thereto,
in accordance with Section 2.21.

 

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

 

“Registered
Equivalent Notes” means, with respect to any notes originally issued in a Rule 144A or other private placement transaction
under the Securities Act of 1933, substantially identical notes (having the same Guarantees) issued in a dollar-for-dollar exchange
therefor pursuant to an exchange offer registered with the SEC.

 

“Reimbursement
Date” has the meaning assigned to such term in Section 2.05(f).

 

“Related Parties”
means, with respect to any specified Person, such Person’s Affiliates and the partners, directors, officers, employees, trustees,
agents, controlling persons, advisors and other representatives of such Person and of each of such Person’s Affiliates and
permitted successors and assigns of each of the foregoing.

 

“Release”
means any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, emptying, escaping, pumping, discharge,
dispersal, leaching or migration into or through the environment (including ambient air, surface water, groundwater, land surface
or subsurface strata) and including the environment within any building, or any occupied structure, facility or fixture.

 

“Removal Effective
Date” has the meaning assigned to such term in Section 8.06.

 

“Repricing
Transaction” means (a) the incurrence by the Borrower of any term loans that are broadly syndicated to banks,
financial institutions and/or other institutional lenders or investors under credit facilities secured on a pari passu basis
with the Initial Term Loans (i) having an Effective Yield that is less than the Effective Yield for the Initial Term Loans
(and not by virtue of any fluctuation in any “base” rate), but excluding Indebtedness incurred in connection any
transaction that would, if consummated, constitute a Change of Control, Permitted Acquisition or similar Investment or
Enterprise Transformative Event) and (ii) the proceeds of which are used to prepay (or, in the case of a conversion, deemed
to prepay or replace, in whole or in part, outstanding principal of Initial Term Loans or (b) any effective reduction in the
Effective Yield for the Initial Term Loans (e.g., by way of amendment, waiver or otherwise), except for a reduction in
connection with any transaction that would, if consummated, constitute a Change of Control, Permitted Acquisition or similar
Investment or Enterprise Transformative Event, and, in the case of any transaction under either clause (a) or clause (b)
above, the primary purpose of which is to lower the Effective Yield on the Initial Term Loans. Any determination by the
Administrative Agent with respect to whether a Repricing Transaction shall have occurred shall be conclusive and binding on
all Lenders holding the Initial Term Loans.

 

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“Required Additional
Debt Terms” means with respect to any Incremental Equivalent Debt or Ratio Debt, (a) such Indebtedness does not mature
earlier than the Latest Maturity Date or have a Weighted Average Life to Maturity less than the greatest Weighted Average Life
to Maturity, in each case, of the then-existing Term Loans outstanding at the time of incurrence of such Indebtedness (except in
the case of customary bridge loans which, subject to customary conditions (including no payment or bankruptcy event of default),
would either automatically be converted into or required to be exchanged for permanent refinancing which does not mature earlier
than the Latest Maturity Date at the time of such incurrence), (b) such Indebtedness, if issued, borrowed or guaranteed by a Loan
Party, is not guaranteed by any entity that is not a Loan Party (except to the extent such Indebtedness that is subject to the
Required Additional Debt Terms is expressly permitted to be incurred by any Restricted Subsidiary that is not a Loan Party under
Section 6.01), (c) such Indebtedness, if secured by assets that secure the Secured Obligations, (i) is not secured by any
assets not securing the Secured Obligations and (ii) is subject to the relevant Intercreditor Agreement(s), (d) such Indebtedness
shall not participate on a greater than pro rata basis than the Initial Term Loans with respect to any mandatory prepayment (other
than any scheduled amortization payment) provided that the Borrower and the lenders providing the relevant Incremental Equivalent
Debt or Ratio Debt shall be permitted, in their sole discretion, to elect to prepay or receive, as applicable, any such prepayment
on a less than pro rata basis and (e) the covenants, events of default and guarantees of any such Indebtedness shall not be materially
more restrictive to the Borrower, when taken as a whole, than the terms of the Term Loans or Revolving Loans, as applicable, unless
(1) the Lenders under the Term Loans or Revolving Loans, as applicable, also receive the benefit of such more restrictive terms
(it being acknowledged that any “springing” financial maintenance covenant or other covenant or provision only applicable
to, or for the benefit of, a revolving credit facility shall also be added solely for the benefit of each revolving credit facility
hereunder (and not for the benefit of any term loan facility hereunder), together with, at the election of the Borrower, any applicable
 “equity cure” provisions with respect to any financial maintenance covenant) (it being understood to the extent that
any covenant is added for the benefit of any such Indebtedness, no consent shall be required from the Administrative Agent or any
Lender to the extent that such covenant is also added for the benefit of any corresponding existing Term Loans or Revolving Loans,
as applicable), (2) any such provisions apply after the Latest Maturity Date at the time of such incurrence, or (3) such terms
shall be reasonably satisfactory to the Administrative Agent and the Borrower; provided that a certificate of a Responsible
Officer delivered to the Administrative Agent at least five (5) Business Days prior to the incurrence of such Indebtedness, together
with a reasonably detailed description of the material terms and conditions of such resulting Indebtedness or drafts of the documentation
relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement,
shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement unless the Administrative Agent notifies
the Borrower within such five (5) Business Day period that it disagrees with such determination (including a reasonably detailed
description of the basis upon which it disagrees).

 

“Required
Lenders” means, at any time, Lenders having Revolving Exposures, Term Loans and unused Commitments representing
more than 50% of the aggregate Revolving Exposures, outstanding Term Loans and unused Commitments at such time; provided
that to the extent set forth in Section 9.02 or Section 9.04 whenever there are one or more Defaulting Lenders,
the total outstanding Term Loans and Revolving Exposures of, and the unused Commitments of, each Defaulting Lender shall be
excluded for purposes of making a determination of Required Lenders.

 

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“Requirements
of Law” means, with respect to any Person, any statutes, laws, treaties, rules, regulations, orders, decrees, writs,
injunctions or determinations of any arbitrator or court or other Governmental Authority, in each case applicable to or binding
upon such Person or any of its property or to which such Person or any of its property is subject.

 

“Resignation
Effective Date” has the meaning assigned to such term in Section 8.06.

 

“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, vice president, chief financial officer, treasurer or assistant
treasurer, company secretary or other similar officer, manager or a member of the Board of Directors of a Loan Party and with respect
to certain limited liability companies or partnerships that do not have officers, any manager, sole member, managing member or
general partner thereof, and as to any document delivered on the Effective Date or thereafter pursuant to paragraph (a)(i)
of the definition of the term “Collateral and Guarantee Requirement,” any secretary, assistant secretary, company secretary
or director of a Loan Party. 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
Equity Interests in the Borrower or any Restricted 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 Equity Interests in the Borrower or any Restricted Subsidiary or any option, warrant or other right to acquire
any such Equity Interests in the Borrower or any Restricted Subsidiary.

 

“Restricted
Subsidiary” means, unless otherwise specified herein, any Subsidiary of the Borrower other than an Unrestricted Subsidiary.

 

“Retained Declined
Proceeds” has the meaning assigned to such term in Section 2.11(e).

 

“Retained ECF
Basket” has the meaning assigned to such term in the definition of “Available Amount”.

 

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

 

“Revolving
Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Revolving Loans and
to acquire participations in Letters of Credit hereunder, expressed as an amount representing the maximum possible aggregate
amount of such Lender’s Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time
pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to (i) assignments by
or to such Lender pursuant to an Assignment and Assumption, (ii) a Refinancing Amendment, (iii) an Incremental Revolving
Commitment Increase or (iv) a Loan Modification Agreement. The initial amount of each Lender’s Revolving Commitment is
set forth on Schedule 2.01, or in the Assignment and Assumption, Loan Modification Agreement or Refinancing Amendment
pursuant to which such Lender shall have assumed its Revolving Commitment, as the case may be. The initial aggregate amount
of the Lenders’ Revolving Commitments is $75,000,000.

 

    -59-

     

    

 

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

 

“Revolving Facility”
means the Revolving Commitments and the Revolving Loans and other extensions of credit made under this Agreement.

 

“Revolving Lender”
means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving
Exposure.

 

“Revolving Loan”
means a Loan made pursuant to clause (ii) of Section 2.01.

 

“Revolving Maturity
Date” means (i) February 4, 2026 (or if such day is not a Business Day, the immediately preceding Business Day) or (ii)
with respect to any Revolving Lender that has extended its Revolving Commitment pursuant to a Permitted Amendment and with respect
to any Issuing Bank that has consented to such extension, the extended maturity date set forth in any such Loan Modification Agreement.

 

“Revolving Test
Condition” means, as of any time, that the aggregate principal amount of all outstanding Revolving Loans and Letters
of Credit (but excluding (1) any Letter of Credit that has been cash collateralized, (2) the aggregate amount of issued and undrawn
and reimbursed Letters of Credit not in excess of $10,000,000, (3) Letters of Credit issued on or within 180 days of the Effective
Date to backstop or replace existing letters of credit and Revolving Loans funded on the Effective Date to cash collateralize any
existing letters of credit or to backstop or replace letters of credit issued on the Effective Date and (4) solely with respect
to the first four full fiscal quarters of the Borrower commencing after the Effective Date, the principal amount of Revolving Loans
(if any) made on the Effective Date to finance certain original issue discount and/or upfront fees in respect of the Initial Term
Loans) exceeds an amount equal to 35.0% of the aggregate amount of Revolving Commitments at such time.

 

“S&P”
means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, and any successor
to its rating agency business.

 

“Sanctioned
Country” means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at
the time of this Agreement, the Crimea region of Ukraine, Cuba, Iran, North Korea and Syria).

 

“Sanctioned
Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the
Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or by the United Nations
Security Council, the European Union, any EU member state or Her Majesty’s Treasury of the United Kingdom, (b) any Person
operating, organized or resident in a Sanctioned Country, (c) any Person owned 50% or more by any such Person in the foregoing
clauses (a) and (b), or (d) any Person otherwise the subject of Sanctions.

 

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

 

    -60-

     

    

 

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

 

“Second Lien
Intercreditor Agreement” means the Second Lien Intercreditor Agreement among the Administrative Agent and one or more
Senior Representatives for holders of Indebtedness permitted by this Agreement to be secured by the Collateral, in customary form
reasonably acceptable to the Administrative Agent and the Borrower.

 

“Secured Cash
Management Obligations” means the due and punctual payment and performance of all obligations of Holdings, the Borrower
and its Restricted Subsidiaries in respect of any overdraft and related liabilities arising from treasury, depository, cash pooling
arrangements and cash management services, corporate credit and purchasing cards and related programs or any automated clearing
house transfers of funds (collectively, “Cash Management Services”) provided to Holdings, the Borrower or any
Restricted Subsidiary (whether absolute or contingent and howsoever and whenever created, arising, evidenced or acquired (including
all renewals, extensions and modifications thereof and substitutions therefor)) that are (a) owed to the Administrative Agent or
any of its Affiliates, (b) owed on the Effective Date to a Person that is a Lender or an Affiliate of a Lender as of the Effective
Date or (c) owed to a Person that is an Agent, a Lender or an Affiliate of an Agent or Lender at the time such obligations are
incurred.

 

“Secured Leverage
Ratio” means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Secured Indebtedness
as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

 

“Secured Obligations”
means (a) the Loan Document Obligations, (b) the Secured Cash Management Obligations and (c) the Secured Swap Obligations (excluding
with respect to any Loan Party, Excluded Swap Obligations of such Loan Party).

 

“Secured Parties”
means (a) each Lender, (b) each Issuing Bank, (c) the Administrative Agent, (d) the Collateral Agent, (e) each
Person to whom any Secured Cash Management Obligations or Secured Swap Obligations are owed, (f) the beneficiaries of each
indemnification obligation undertaken by any Loan Party under any Loan Document, Secured Swap Obligation or Secured Cash Management
Obligation and (g) the permitted successors and assigns of each of the foregoing.

 

“Secured Swap
Obligations” means the due and punctual payment and performance of all obligations of the Borrower and its Restricted
Subsidiaries under each Swap Agreement that (a) is with a counterparty that is the Administrative Agent or any of its Affiliates,
(b) is in effect on the Effective Date with a counterparty that is a Lender, an Agent or an Affiliate of a Lender or an Agent as
of the Effective Date or (c) is entered into after the Effective Date with any counterparty that is a Lender, an Agent or an Affiliate
of a Lender or an Agent at the time such Swap Agreement is entered into.

 

“Security Documents”
means the Collateral Agreement, the Mortgages and each other security agreement or pledge agreement executed and delivered pursuant
to the Collateral and Guarantee Requirement and/or Section 5.11, 5.12 or 5.14 to secure any of the Secured
Obligations.

 

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

 

    -61-

     

    

 

“Signing Date”
means October 14, 2020.

 

“Similar Business”
means (1) any business conducted by the Borrower or any Restricted Subsidiary on the Effective Date or (2) any business or other
activities that are reasonably similar, ancillary, incidental, complementary or related to (including non-core incidental businesses
acquired in connection with any permitted Investment), or a reasonable extension, development or expansion of, the businesses that
the Borrower and its Restricted Subsidiaries conduct or propose to conduct on the Effective Date.

 

“Sold Entity
or Business” has the meaning assigned to such term in the definition of the term “Consolidated EBITDA.”

 

“Solicited Discount
Proration” has the meaning assigned to such term in Section 2.11(a)(ii)(D)(3).

 

“Solicited Discounted
Prepayment Amount” has the meaning assigned to such term in Section 2.11(a)(ii)(D)(1).

 

“Solicited Discounted
Prepayment Notice” means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made
pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit N.

 

“Solicited Discounted
Prepayment Offer” means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O,
submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

 

“Solicited Discounted
Prepayment Response Date” has the meaning assigned to such term in Section 2.11(a)(ii)(D)(1).

 

“Solvent”
means, with respect to the Borrower and its Subsidiaries, (i) each of the Fair Value and the Present Fair Salable Value of the
assets of the Borrower and its Subsidiaries taken as a whole exceed their Stated Liabilities and Identified Contingent Liabilities,
(ii) the Borrower and its Subsidiaries taken as a whole do not have Unreasonably Small Capital and (iii) the Borrower and its Subsidiaries
taken as a whole can pay their Stated Liabilities and Identified Contingent Liabilities as they mature. For the purposes of this
definition, capitalized terms used and not defined in this Agreement shall have the meanings provided for in Exhibit G.

 

“Specified Acquisition
Agreement Representations” means such of the representations and warranties in the Acquisition Agreement made by, or
with respect to, Sonar Company Merger Sub, LLC, a Delaware limited liability company, or Parent, in each case, as are material
to the interests of the Lenders, but only to the extent that Holdings (or any of its Affiliates) has the right (taking into account
any applicable cure provisions) to terminate its or such Affiliates’ obligations under the Acquisition Agreement or decline
to consummate the Acquisition (in accordance with the terms thereof) as a result of a breach of such representations and warranties
in the Acquisition Agreement.

 

“Specified Discount”
has the meaning assigned to such term in Section 2.11(a)(ii)(B)(1).

 

“Specified Discount
Prepayment Amount” has the meaning assigned to such term in Section 2.11(a)(ii)(B)(1).

 

    -62-

     

    

 

“Specified Discount
Prepayment Notice” means an irrevocable written notice of the Borrower Offer of Specified Discount Prepayment made pursuant
to Section 2.11(a)(ii)(B) substantially in the form of Exhibit J.

 

“Specified Discount
Prepayment Response” means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K,
to a Specified Discount Prepayment Notice.

 

“Specified Discount
Prepayment Response Date” has the meaning assigned to such term in Section 2.11(a)(ii)(B)(1).

 

“Specified Discount
Proration” has the meaning assigned to such term in Section 2.11(a)(ii)(B)(3).

 

“Specified Representations”
means the representations and warranties of the Borrower, and to the extent applicable, the other Loan Parties, set forth in Section
3.01(a), Section 3.01(b) (as it relates to the organizational power and authority to execute, deliver and perform obligations
under each Loan Document to which each applicable Person is a party after giving effect to the Transactions), Section 3.02,
Section 3.03(b)(i) (with respect to the incurrence of the loans and the provision of the Guarantees, in each case under
the Loan Documents, and the granting of the security interests in the Collateral to secure the Secured Obligations), Section
3.08, Section 3.14, Section 3.15, Section 3.17(a) (with respect to the PATRIOT Act), 3.17(b) (with
respect to the use of proceeds of the Credit Facilities on the Effective Date) and Section 3.18 (as it relates to the creation,
validity and perfection of the security interests in the Collateral).

 

“Specified Transaction”
means, with respect to any period, any Investment, sale, transfer or other disposition of assets, incurrence or repayment of Indebtedness,
Restricted Payment, subsidiary designation or other event that by the terms of the Loan Documents requires “Pro Forma Compliance”
with a test or covenant hereunder or requires such test or covenant to be calculated on a Pro Forma Basis.

 

“Sponsors”
means (1) Insight Venture Management, LLC and its Affiliates, (2) CC Capital Partners, LLC and its Affiliates (excluding portfolio
companies thereof) and (3) Neuberger Berman and its Affiliates (excluding portfolio companies thereof).

 

“Starter Basket”
has the meaning assigned to such term in the definition of “Available Amount.”

 

“Statutory Reserve
Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which
is the number one minus the aggregate of the maximum reserve, liquid asset or similar percentages (including any marginal,
special, emergency or supplemental reserves) expressed as a decimal established by any Governmental Authority of the United States.
Such reserve, liquid asset or similar percentages shall include those imposed pursuant to Regulation D of the Board of Governors.
Eurodollar Loans shall be deemed to be subject to such reserve, liquid asset or similar requirements without benefit of or credit
for proration, exemptions or offsets that may be available from time to time to any Lender under Regulation D of the Board
of Governors or any other applicable law, rule or regulation. The Statutory Reserve Rate shall be adjusted automatically on and
as of the effective date of any change in any reserve percentage.

 

“Submitted Amount”
has the meaning assigned to such term in Section 2.11(a)(ii)(C)(1).

 

“Submitted Discount”
has the meaning assigned to such term in Section 2.11(a)(ii)(C)(1).

 

    -63-

     

    

 

“subsidiary”
means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership,
association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated
financial statements if such financial statements were prepared in accordance with GAAP, as well as any other corporation, limited
liability company, partnership, association or other entity (a) of which securities or other ownership interests representing
more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the
general partnership interests are, as of such date, owned, controlled or held (unless parent does not Control such entity), or
(b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent
and one or more subsidiaries of the parent; in each case, whether existing as of the Effective Date or subsequently created or
coming to exist.

 

“Subsidiary”
means any subsidiary of the Borrower (unless otherwise specified).

 

“Subsidiary
Loan Party” means each Subsidiary of the Borrower that is party to the Guarantee Agreement.

 

“Successor Borrower”
has the meaning assigned to such term in Section 6.03(a)(iv).

 

“Successor Holdings”
has the meaning assigned to such term in Section 6.03(d).

 

“Supported QFC”
has the meaning specified in Section 9.20.

 

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

 

“Tax Distributions”
has the meaning assigned to such term in Section 6.07(a)(vi)(A).

 

“Tax Receivable
Agreement” means that certain Tax Receivable Agreement, dated as of February 4, 2021, by and among the Public Parent,
Holdings and the other persons party thereto (without giving effect to any amendments, supplements or other modifications thereto,
other than to the extent such amendments, supplements or other modifications are reasonably acceptable to the Administrative Agent).

 

“Tax Restructuring”
means any reorganizations and other activities related to tax planning and tax reorganization (as determined by Borrower in good
faith) entered into after the Effective Date so long as such Tax Restructuring does not impair the Guarantee or the security interests
of the Agents and the Lenders under the Security Documents in the Collateral in any material respect and is otherwise not adverse
to the Lenders in any material respect and after giving effect to such Tax Restructuring, Borrower and its Restricted Subsidiaries
otherwise comply with Sections 5.11 and 5.12.

 

    -64-

     

    

 

“Taxes”
means any and 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 Commitment”
means, with respect to each Lender, the commitment, if any, of such Lender to make a Term Loan hereunder on the Effective Date,
expressed as an amount representing the maximum principal amount of the Term Loan to be made by such Lender hereunder, as such
commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time
pursuant to (i) assignments by or to such Lender pursuant to an Assignment and Assumption, (ii) a Refinancing Amendment, (iii)
an Incremental Facility Amendment in respect of any Term Loans or (iv) a Loan Modification Agreement. The amount of each Lender’s
Term Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have
assumed its Term Commitment, Loan Modification Agreement or Refinancing Amendment, as the case may be. As of the Effective Date,
the total Term Commitment is $525,000,000.

 

“Term Facility”
means the Term Loans provided to or for the benefit of the Borrower pursuant to the terms of this Agreement.

 

“Term Lender”
means a Lender with a Term Commitment or an outstanding Term Loan.

 

“Term Loans”
means, individually or collectively as the context requires, Initial Term Loans, Other Term Loans and Incremental Term Loans.

 

“Term Maturity
Date” means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility
or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

 

“Test Period”
means, at any date of determination, the period of four consecutive fiscal quarters of the Borrower then last ended as of such
time for which financial statements are delivered pursuant to Section 5.01(a) or (b); provided that for any
date of determination before the delivery of the first financial statements pursuant to Section 5.01(a) or (b), the
Test Period shall be the period of four consecutive fiscal quarters of the Borrower then last ended as of such time.

 

“Total Leverage
Ratio” means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness
as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

 

“Transaction
Costs” means all fees, premiums, costs and expenses incurred or payable by Holdings, the Borrower or any other Subsidiary
in connection with the Transactions.

 

“Transactions”
means (a) the Acquisition, (b) the incurrence of the Credit Facilities and the funding of the Initial Term Loans on the Effective
Date, (c) the Effective Date Refinancing, (d) the consummation of the other transactions contemplated by this Agreement on the
Effective Date, (e) the consummation of any other transactions in connection with the foregoing and (f) the payment of the
Transaction Costs related thereto.

 

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

 

“U.S. Special
Resolution Regimes” has the meaning specified in Section 9.20.

 

    -65-

     

    

 

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

 

“UCP”
means, with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, as most recently published
by the International Chamber of Commerce, in its Publication No. 600 (or such later version thereof as may be reasonably acceptable
to the applicable Issuing Bank and in effect at the time of issuance of such Letter of Credit).

 

“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 falling within IFPRU 11.6 of the FCA Handbook
(as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions
and investment firms, and certain affiliates of such credit institutions or investment firms.

 

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

 

“Unaudited Financial
Statements” means the unaudited consolidated balance sheets of the Borrower and its subsidiaries as of the end of, and
the related unaudited consolidated statements of comprehensive loss, cash flows and members’ equity of the Borrower and its
subsidiaries for, the fiscal quarter of the Borrower ended on or about November 30, 2020 (for the six-month period then ended).

 

“United States
Tax Compliance Certificate” has the meaning assigned to such term in Section 2.17(e)(ii)(C).

 

“Unrestricted
Subsidiary” means any Subsidiary designated by the Borrower as an Unrestricted Subsidiary pursuant to Section 5.13
subsequent to the Effective Date.

 

“USA PATRIOT
Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
Act of 2001, as amended from time to time.

 

“Voluntary Prepayment
and Repurchase Amount” has the meaning assigned to such term in Section 2.11(d).

 

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

 

“Wholly Owned
Restricted Subsidiary” means any Restricted Subsidiary that is a Wholly Owned Subsidiary.

 

    -66-

     

    

 

“Wholly Owned
Subsidiary” means, with respect to any Person at any date, a subsidiary of such Person of which securities or other ownership
interests representing 100% of the Equity Interests (other than (a) directors’ qualifying shares and (b) nominal shares
issued to foreign nationals to the extent required by applicable Requirements of Law) are, as of such date, owned, controlled or
held by such Person or one or more Wholly Owned Subsidiaries of such Person or by such Person and one or more Wholly Owned Subsidiaries
of such Person.

 

“Withdrawal
Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer
Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

 

“Write-Down
and Conversion Powers” means, (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.

 

SECTION 1.02              
Classification of Loans and Borrowings.

 

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

 

SECTION 1.03              
Terms Generally.

 

The definitions of terms
herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and
 “including” shall be deemed to be followed by the phrase “without limitation.” The word “will”
shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise,
(a) any definition of or reference to any agreement (including this Agreement and the other Loan Documents), instrument or
other document herein shall be construed as referring to such agreement, instrument or other document, including all schedules,
exhibits and other attachments thereto and as from time to time amended, amended and restated, supplemented or otherwise modified
(subject to any restrictions on such amendments, restatements, supplements or other modifications set forth herein), (b) any
reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions
on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have
succeeded to any or all functions thereof, (c) the words “herein,” “hereof” and “hereunder,”
and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision
hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and
Sections of, and Exhibits and Schedules to, this Agreement and (e) 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.

 

    -67-

     

    

 

SECTION 1.04              
Accounting Terms; GAAP.

 

(a)               
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 in a manner consistent with that used in preparing the Audited Financial Statements,
except as otherwise specifically prescribed herein.

 

(b)               
Notwithstanding anything to the contrary herein, but subject to Section 1.09, for purposes of determining compliance
with any test contained in this Agreement, the Total Leverage Ratio, the First Lien Leverage Ratio, the Secured Leverage Ratio,
the Interest Coverage Ratio and any other financial ratio or test that are calculated with respect to any Test Period during which
a Specified Transaction occurs shall be calculated on a Pro Forma Basis. Further, if since the beginning of any such Test Period
and on or prior to the date of any required calculation of any financial ratio or test (x) any Specified Transaction has occurred
or (y) any Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the
Borrower or any of its Restricted Subsidiaries or any joint venture since the beginning of such Test Period has consummated any
Specified Transaction, then, in each case, any applicable financial ratio or test shall be calculated on a Pro Forma Basis for
such Test Period as if such Specified Transaction had occurred at the beginning of the applicable Test Period (it being understood,
for the avoidance of doubt, that solely for purposes of (x) calculating compliance with Section 6.10, if applicable, (y)
calculating the First Lien Leverage Ratio for purposes of the definition of “Applicable Rate” and the determination
of the Commitment Fee Percentage and (z) the determination of “ECF Percentage”, in each case, the date of the required
calculation shall be the last day of the Test Period, and no Specified Transaction occurring thereafter shall be taken into account).

 

(c)               
Notwithstanding anything to the contrary herein, all obligations of any Person that are or would be characterized as an
operating lease as determined in accordance with GAAP as in effect prior to the adoption of ASU 2016-02, Leases (whether or not
such operating lease was in effect on such date) shall continue to be accounted for as an operating lease (and not as a Capitalized
Lease or Capital Lease Obligation) for purposes of this Agreement regardless of any change in GAAP (i) resulting from the adoption
of ASU 2016-02, Leases or (ii) following the Effective Date that, in each case, would otherwise require such obligation to be recharacterized
as a Capital Lease Obligation, to the extent that financial reporting shall not be affected hereby.

 

(d)               Where reference is made to “Borrower and the Restricted Subsidiaries on a ‘consolidated basis’”
or similar language, such consolidation shall not include any Unrestricted Subsidiaries.

 

SECTION 1.05              
Effectuation of Transactions.

 

All references herein
to Holdings, the Borrower and the other Subsidiaries shall be deemed to be references to such Persons, and all the representations
and warranties of Holdings, the Borrower and the other Loan Parties contained in this Agreement and the other Loan Documents shall
be deemed made, in each case, after giving effect to the Transactions that occurred on the Effective Date, unless the context otherwise
requires.

 

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SECTION 1.06              
Limited Conditionality Acquisition.

 

Notwithstanding
anything in this Agreement or any Loan Document to the contrary, when calculating any applicable ratio, the amount or
availability of the Available Amount or any other basket based on Consolidated EBITDA or total assets or whether a Default or
Event of Default has occurred and is continuing, in each case in connection with a Limited Condition Acquisition, the date of
determination of such ratio or other provisions, determination of whether any Default or Event of Default has occurred and is
continuing shall, at the option of the Borrower (the Borrower’s election to exercise such option in connection with any
Limited Condition Acquisition, an “LCA Election”), be deemed to be the date the definitive agreements for
such Limited Condition Acquisition are entered into (the “LCA Test Date”) after giving Pro Forma Effect to
such Limited Condition Acquisition and the other transactions to be entered into in connection therewith (including any
incurrence of Indebtedness and the use of proceeds thereof) as if such transactions occurred at the beginning of the
applicable Test Period, and for the avoidance of doubt, if any of such ratios or other provisions are exceeded as a result of
fluctuations in such ratio or amount (including due to fluctuations in Consolidated EBITDA of the Borrower or such person
subject to such Limited Condition Acquisition) or other provisions at or prior to the consummation of the relevant Limited
Condition Acquisition, such ratios and other provisions will not be deemed to have been exceeded as a result of such
fluctuations solely for purposes of determining whether the Limited Condition Acquisition is permitted hereunder. If the
Borrower has made an LCA Election for any Limited Condition Acquisition, then in connection with any subsequent calculation
of any ratio on or following the relevant LCA Test Date and prior to the earlier of the date on which such Limited Condition
Acquisition is consummated or the date that the definitive agreement for such Limited Condition Acquisition is terminated or
expires without consummation of such Limited Condition Acquisition, any such ratio shall be calculated (and tested) on a pro
forma basis assuming such Limited Condition Acquisition and other transactions in connection therewith (including any
incurrence of Indebtedness and the use of proceeds thereof) had been consummated on the LCA Test Date.

 

SECTION 1.07              
Certain Determinations.

 

(a)               
For purposes of determining compliance with any of the covenants set forth in Article V or Article VI (including
in connection with any Incremental Facility) at the time of incurrence, any Lien, Investment, Indebtedness, Disposition, Restricted
Payment or Affiliate transaction meets the criteria of one, or more than one, of the categories permitted pursuant to Article
V or Article VI (including in connection with any Incremental Facility), the Borrower (i) shall, at the time of incurrence,
in its sole discretion determine under which category such Lien (other than Liens with respect to the Initial Term Loans), Investment,
Indebtedness (other than Indebtedness consisting of the Initial Term Loans), Disposition, Restricted Payment or Affiliate transaction
(or, in each case, any portion there) is permitted and (ii) shall be permitted, in its sole discretion, to make any determination
and/or to divide or classify under which category or categories such Lien, Investment, Indebtedness, Disposition, Restricted Payment
or Affiliate transaction is permitted at the time of incurrence. For the avoidance of doubt, if the applicable date for meeting
any requirement hereunder or under any other Loan Document falls on a day that is not a Business Day, compliance with such requirement
shall not be required until noon on the first (1st) Business Day following such applicable date.

 

(b)                Notwithstanding
anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or consummated) in reliance
on a provision of this Agreement that does not require compliance with a financial ratio or test (including any Total Leverage
Ratio) (any such amounts, the “Fixed Amounts”) substantially concurrently with any amounts incurred or transactions
entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with any such financial ratio
or test (any such amounts, the “Incurrence Based Amounts”), it is understood and agreed that the Fixed Amounts
(and any cash proceeds thereof) shall be disregarded in the calculation of the financial ratio or test applicable to the Incurrence
Based Amounts in connection with such substantially concurrent incurrence.

 

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(c)                Notwithstanding
the foregoing, for purposes of any determination under Article V, Article VI or Article VII or any
determination under any other provision of this Agreement subject to any Dollar limitation, threshold or basket, all amounts
incurred, outstanding or proposed to be incurred or outstanding in currencies other than Dollars shall be translated into
Dollars based on the relevant currency exchange rate in effect on the applicable date of determination (rounded to the
nearest currency unit, with 0.5 or more of a currency unit being rounded upward); provided, however, that for
purposes of determining compliance with Article VI with respect to any amount in a currency other than Dollars,
no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring
after the time such Indebtedness, Lien or Investment is incurred or Disposition, Restricted Payment or prepayment,
redemption, purchase, defeasance or other payment in respect of any Junior Financing is made or such transaction with an
Affiliate is entered into; provided, further, that, for the avoidance of doubt, the foregoing provisions of
this Section 1.07(c) shall otherwise apply to such Sections, including with respect to determining whether any
Indebtedness, Lien or Investment may be incurred or Disposition, Restricted Payment or prepayment, redemption, purchase,
defeasance or other payments in respect of any Junior Financing may be made or such transaction with an Affiliate may be
entered into at any time under such Sections. For purposes of any determination of Consolidated Total Indebtedness, amounts
in currencies other than Dollars shall be translated into Dollars at the currency exchange rates used in preparing the most
recently delivered financial statements pursuant to Section 5.01(a) or Section 5.01(b) adjusted to
reflect the currency translation effects, determined in accordance with GAAP, of any Swap Agreements permitted hereunder for
currency exchange risks with respect to the applicable currency in effect on the date of determination of the U.S. dollar
equivalent thereof. Each provision of this Agreement shall be subject to such reasonable changes of construction as the
Administrative Agent may from time to time specify with the Borrower’s consent (such consent not to be unreasonably
withheld) to appropriately reflect a change in currency of any country and any relevant market conventions or practices
relating to such change in currency.

 

SECTION 1.08              
Divisions.

 

For
all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable
event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the
asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original
Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized
and acquired on the first date of its existence by the holders of its Equity Interests at such time.

 

SECTION 1.09              
Interest Rates; LIBOR Notification.

 

The interest rate on
Eurodollar Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The London
interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each
other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021,
it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together
with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London
interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be
available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurodollar Loans.
In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative
reference rates to be used in place of the London interbank offered rate. Upon the occurrence of a Benchmark Transition Event
or an Early Opt-In Election, Section 2.14 provides a mechanism for determining an alternative rate of interest. The Administrative
Agent will promptly notify the Borrower, pursuant to Section 2.14, of any change to the reference rate upon which the interest
rate on Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall
not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered
rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate thereto,
or replacement rate thereof (including, without limitation, (i) any such alternative, successor or replacement rate implemented
pursuant to Section 2.14, whether upon the occurrence of a Benchmark
Transition Event or an Early Opt-in Election, and (ii) the implementation of any Benchmark Replacement Conforming Changes pursuant
to Section 2.14), including without limitation, whether the composition or characteristics of any such alternative, successor
or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have
the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.

 

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ARTICLE
II

 

The Credits

 

SECTION 2.01              
Commitments.

 

Subject to the terms
and conditions set forth herein, (i) each Term Lender severally agrees to make an Initial Term Loan to the Borrower denominated
in dollars on the Effective Date in a principal amount equal to its Term Commitment and (ii) each Revolving Lender agrees to make
Revolving Loans to the Borrower denominated in dollars in an aggregate principal amount which will not result in such Revolving
Lender’s Revolving Exposure exceeding such Revolving Lender’s Revolving Commitment. The Borrower may borrow, prepay
and reborrow Revolving Loans. Amounts repaid or prepaid in respect of Term Loans may not be reborrowed.

 

SECTION 2.02              
Loans and Borrowings.

 

(a)               
Each Loan shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by the Lenders ratably
in accordance with their respective Commitments of the applicable Class. The failure of any Lender to make any Loan required to
be made by it shall not relieve any other Lender of its obligations hereunder, provided that the Commitments of the Lenders
are several and other than as expressly provided herein with respect to a Defaulting Lender, no Lender shall be responsible for
any other Lender’s failure to make Loans as required hereby.

 

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

 

(c)               
At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount
that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum; provided that a Eurodollar
Borrowing that results from a continuation of an outstanding Eurodollar Borrowing may be in an aggregate amount that is equal to
such outstanding Borrowing. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is
an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum. Borrowings of more than one Type and Class
may be outstanding at the same time; provided that there shall not at any time be more than a total of fifteen (15) Eurodollar
Borrowings outstanding. Notwithstanding anything to the contrary herein, an ABR Revolving Borrowing may be in an aggregate amount
equal to the entire unused balance of the aggregate Revolving Commitments or that is required to finance the reimbursement of an
LC Disbursement as contemplated by Section 2.05(f).

 

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SECTION 2.03              
Requests for Borrowings.

 

To request a Revolving
Borrowing or Term Borrowing, the Borrower shall notify the Administrative Agent of such request in writing by telecopy, electronic
mail, facsimile or overnight courier (a) in the case of a Eurodollar Borrowing, not later than 2:00 p.m., New York City time,
three (3) Business Days before the date of the proposed Borrowing, (b) in the case of an ABR Borrowing of Revolving Loans,
not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing; provided that any notice given
in connection with Borrowings on the Effective Date (including Eurodollar Borrowings) may be given not later than 2:00 p.m., New
York City time, one (1) Business Day before the Effective Date; provided further that, in each case, the Administrative
Agent may in its discretion accept any later request. Each such written Borrowing Request shall be signed by the Borrower substantially
in the form of Exhibit S and shall be irrevocable. Each such written Borrowing Request shall specify the following information:

 

(i)                     whether the requested Borrowing is to be a Revolving Borrowing, a Term Borrowing or a Borrowing of any other Class (specifying
the Class thereof);

 

(ii)                   the aggregate amount of such Borrowing;

 

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

 

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

 

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

 

(vi)                  the
location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements
of Section 2.06, or, in the case of any ABR Revolving Borrowing requested to finance the reimbursement of an LC Disbursement
as provided in Section 2.05(f), the identity of the Issuing Bank that made such LC Disbursement; and

 

(vii)                 except
in the case of any Borrowing that is made on the Effective Date, that as of the date of such Borrowing, the conditions set forth
in Sections 4.02(a) and 4.02(b) are satisfied.

 

If no election as to the Type of Borrowing
is specified as to any Borrowing, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with
respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s
duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent
shall advise each Lender of the applicable Class of the details thereof and of the amount of such Lender’s Loan to be made
as part of the requested Borrowing.

 

SECTION 2.04              
[Reserved].

 

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SECTION 2.05              
Letters of Credit.

 

(a)                General.
Subject to the terms and conditions set forth herein (including Section 2.22), each Issuing Bank agrees, in
reliance upon the agreements of the Revolving Lenders and the Borrower set forth in this Section 2.05 and elsewhere in
the Loan Documents, to issue Letters of Credit for the Borrower’s own account (or for the account of any Subsidiary of
the Borrower so long as the Borrower is an obligor in respect of all Loan Document Obligations arising under or in respect of
such Letter of Credit), in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, which
shall reflect the standard operating procedures of such Issuing Bank, at any time and from time to time during the period
from the Effective Date until the date that is the fifth (5th) Business Day prior to the Revolving Maturity Date.
In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form
of letter of credit or bank guarantee application or other agreement submitted by the Borrower to, or entered into by the
Borrower with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall
control. For the avoidance of doubt, no Issuing Bank shall be required to provide any bank guarantees or issue any letters of
credit that are not standby letters of credit.

 

(b)                Issuance,
Amendment, Renewal or Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the amendment,
renewal or extension of an outstanding Letter of Credit), the Borrower shall deliver in writing by hand delivery or facsimile
(or transmit by electronic communication, if arrangements for doing so have been approved by the recipient) to the applicable
Issuing Bank and the Administrative Agent at least five (5) Business Days before the requested date of issuance, amendment,
renewal or extension (provided that, in each case, the Issuing Bank may in its discretion accept any later notice, and
any such determination by the Issuing Bank to accept later notice shall be binding on the Administrative Agent) a notice
requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended or extended, and specifying
the date of issuance, amendment, renewal or extension, as the case may be (which shall be a Business Day), the date on which
such Letter of Credit is to expire (which shall comply with paragraph (d) of this Section 2.05), the
amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be
necessary to prepare, amend or extend, as the case may be, such Letter of Credit. Each such notice shall be in the form of Exhibit
T, appropriately completed (each, a “Letter of Credit Request”). If requested by the applicable
Issuing Bank, the Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in
connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended or extended only if (and upon
issuance, amendment, renewal or extension of any Letter of Credit the Borrower shall be deemed to represent and warrant
that), after giving effect to such issuance, amendment, renewal or extension, (i) subject to Section 9.04(b)(ii),
the Applicable Fronting Exposure of each Issuing Bank shall not exceed its Revolving Commitment; provided that, in the
case of any Issuing Bank that is a Lead Arranger, as applicable, but that is not a Revolving Lender on the Effective Date,
(x) the Applicable Fronting Exposure of such Issuing Bank shall not exceed the aggregate amount of such Issuing Bank’s
Revolving Commitment (if any) and the Revolving Commitments of such Issuing Bank’s Affiliates and/or managed funds that
are Revolving Lenders and (y) the Applicable Fronting Exposure of such Issuing Bank shall be allocated on a pro rata basis to
the Revolving Commitment of such Issuing Bank (if any) and the Revolving Commitments of such Issuing Bank’s Affiliates
and/or managed funds that are Revolving Lenders, (ii) the aggregate Revolving Exposures shall not exceed the aggregate
Revolving Commitments and (iii) the aggregate LC Exposure shall not exceed the Letter of Credit Sublimit. To the extent
there is more than one Issuing Bank, the Borrower will use reasonable efforts to request Letters of Credit from such Issuing
Banks in such a way that the aggregate LC Exposure of any Issuing Bank as a percentage of all the aggregate LC Exposures of
all of the Issuing Banks in respect of all Letters of Credit issued under this Agreement shall be generally in line with such
Issuing Bank’s proportionate share of the Letter of Credit Sublimit (determined based on the Letter of Credit Sublimit
being divided equally among the Issuing Banks); it being understood, for the avoidance of doubt, that the Borrower shall have
no obligation to request Letters of Credit pursuant to the foregoing to the extent the Borrower determines, in its sole
discretion, that any such request would not be feasible or commercially beneficial. No Issuing Bank shall be under any
obligation to issue any Letter of Credit if (i) any order, judgment or decree of any Governmental Authority or arbitrator
shall enjoin or restrain such Issuing Bank from issuing the Letter of Credit, or any Requirements of Law applicable to such
Issuing Bank or any directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over
such Issuing Bank shall prohibit the issuance of letters of credit generally or the Letter of Credit in particular or shall
impose upon such Issuing Bank with respect to the Letter of Credit any restriction, reserve or capital requirement (for which
such Issuing Bank is not otherwise fully compensated hereunder) not in effect on the Effective Date, or shall impose upon
such Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the Effective Date and which such
Issuing Bank in good faith deems material to it, (ii) the issuance of such Letter of Credit would violate one or more
policies of such Issuing Bank now or hereafter in effect and applicable to letters of credit generally, (iii) except as
otherwise agreed in writing by the Administrative Agent and the applicable Issuing Bank, such Letter of Credit is to be
denominated in a currency other than Dollars, (iv) except as otherwise agreed by the Administrative Agent and such Issuing
Bank, the Letter of Credit is in an initial stated amount less than $500,000, in the case of a standby Letter of Credit, or
(v) any Lender is at that time a Defaulting Lender, if after giving effect to Section 2.22(a)(iv), any Defaulting
Lender Fronting Exposure remains outstanding, unless such Issuing Bank has entered into arrangements, including the delivery
of cash collateral, reasonably satisfactory to such Issuing Bank with the Borrower or such Lender to eliminate such Issuing
Bank’s Defaulting Lender Fronting Exposure arising from either the Letter of Credit then proposed to be issued or such
Letter of Credit and all other LC Exposure as to which such Issuing Bank has Defaulting Lender Fronting Exposure. No Issuing
Bank shall be under any obligation (i) to amend or extend any Letter of Credit if (x) such Issuing Bank would have no
obligation at such time to issue such Letter of Credit in its amended form under the terms hereof or (y) the beneficiary of
such Letter of Credit does not accept the proposed amendment to such Letter of Credit or (ii) to issue any Letter of Credit
if such Letter of Credit contains any provisions for automatic reinstatement of all or any portion of the stated amount
thereof after any drawing thereunder or after the expiry date of such Letter of Credit.

 

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(c)               
[Reserved].

 

(d)               
Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the
date that is one year after the date of the issuance of such Letter of Credit (or, in the case of any extension thereof, the date
to which it has been extended (not in excess of one year from the last applicable expiry date)) and (ii) the date that is
five (5) Business Days prior to the Revolving Maturity Date; provided that if such expiry date is not a Business Day, such
Letter of Credit shall expire at or prior to the close of business on the next succeeding Business Day; provided further
that any Letter of Credit may, upon the request of the Borrower, include a provision whereby such Letter of Credit shall be renewed,
exchanged or extended automatically for additional consecutive periods of one year or less (but not beyond the date that is five
(5) Business Days prior to the Revolving Maturity Date) unless the applicable Issuing Bank notifies the beneficiary thereof within
the time period specified in such Letter of Credit or, if no such time period is specified, at least thirty (30) days prior to
the then applicable expiration date, that such Letter of Credit will not be renewed, exchanged or extended; provided further
that such Letter of Credit shall not be required to expire on such fifth (5th) Business Day prior to the Revolving Maturity
Date if such Letter of Credit is cash collateralized or backstopped in an amount, by an institution and otherwise pursuant to arrangements,
in each case reasonably acceptable to the applicable Issuing Bank.

 

(e)                Participations.
Immediately upon the issuance of each Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof)
and without any further action on the part of the Issuing Bank that is the issuer thereof or the Lenders, each Revolving
Lender shall be deemed to have purchased and the applicable Issuing Bank shall be deemed to have sold a participation in such
Letter of Credit equal to such Revolving Lender’s Applicable Percentage of the aggregate amount available to be drawn
under such Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely
and unconditionally agrees to pay to the Administrative Agent, for the account of such Issuing Bank, such Revolving
Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the Borrower on
the date due as provided in paragraph (f) of this Section 2.05, or of any reimbursement payment required
to be refunded to the Borrower for any reason. Each Revolving Lender acknowledges and agrees that its acquisition of
participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be
affected by any circumstance whatsoever, including any amendment or extension of any Letter of Credit or the occurrence and
continuance of a Default or any reduction or termination of the Revolving Commitments, and that each payment required to be
made by it under the preceding sentence shall be made without any offset, abatement, withholding or reduction whatsoever.

 

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(f)                
Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall
reimburse such LC Disbursement by paying to the Administrative Agent an amount (in same day funds) equal to such LC Disbursement
not later than 4:00 p.m., New York City time, on the Business Day immediately following the day that the Borrower receives
notice of such LC Disbursement (the “Reimbursement Date”), together with accrued interest thereon in accordance
with clause (i) of this Section 2.05. Anything contained herein to the contrary notwithstanding, (i) unless the Borrower
shall have notified the Administrative Agent and the applicable Issuing Bank prior to 4:00 p.m., New York City time, on the date
such LC Disbursement is made that the Borrower intends to reimburse the applicable Issuing Bank for the amount of the LC Disbursement
(including any accrued interest thereon) with funds other than the proceeds of Revolving Loans, the Borrower shall be deemed to
have given a timely Borrowing Request to the Administrative Agent requesting Revolving Lenders to make Revolving Loans that are
ABR Revolving Loans on the Reimbursement Date in an amount equal to such LC Disbursement (together with any accrued interest thereon),
and (ii) subject to satisfaction or waiver of the conditions specified in Section 4.02, Revolving Lenders shall, on the
Reimbursement Date, make Revolving Loans that are ABR Revolving Loans in an amount equal to their Applicable Percentage of such
LC Disbursement (together with any accrued interest thereon), the proceeds of which shall be applied directly by the Administrative
Agent to reimburse the applicable Issuing Bank for the amount of such LC Disbursement (together with any accrued interest thereon);
provided that if for any reason proceeds of Revolving Loans are not received by the Issuing Bank on the Reimbursement Date
in an amount equal to such LC Disbursement (together with any accrued interest thereon), the Borrower shall reimburse the applicable
Issuing Bank, on demand, in an amount in same day funds equal to the excess of such LC Disbursement (together with any accrued
interest thereon) over the aggregate amount of such Revolving Loans, if any, which are so received. The Revolving Loans made pursuant
to this paragraph (f) shall be made without regard to the Borrowing Minimum.

 

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(g)               
Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (f)
of this Section 2.05 is absolute, unconditional and irrevocable, and shall be performed strictly in accordance with
the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability
of any Letter of Credit, this Agreement or any other Loan Document, or any term or provision herein or therein, (ii) any
exchange, change, waiver or release of any Collateral for, or any other Person’s guarantee of or other liability for, any
of the Secured Obligations, (iii) the existence of any claim, set-off, defense or other right which the Borrower or any Lender
may have at any time against a beneficiary or any transferee of any Letter of Credit (or any Persons for whom any such transferee
may be acting), the Issuing Bank, any Lender or any other Person or, in the case of a Lender, against the Borrower, whether in
connection herewith, the transactions contemplated herein or any unrelated transaction (including any underlying transaction between
the Borrower or one or more of its Subsidiaries and the beneficiary for which any Letter of Credit was procured), (iv) any draft
or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement
therein being untrue or inaccurate in any respect, (v) payment by an Issuing Bank under a Letter of Credit against presentation
of a draft or other document that does not comply strictly with the terms of such Letter of Credit, (vi) any adverse change in
the business, operations, properties, assets, condition (financial or otherwise) or prospects of Holdings or any of its Subsidiaries;
(vii) any breach hereof or any other Loan Document by any party hereto or thereto, (viii) the fact that an Event of
Default or a Default shall have occurred and be continuing, or (ix) any other event or circumstance whatsoever, whether or
not similar to any of the foregoing, that might, but for the provisions of this Section 2.05, constitute a legal or equitable
discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. As between the Borrower and the
Issuing Bank, the Borrower assumes all risks of the acts and omissions of, or misuse of the Letters of Credit issued by the Issuing
Bank and the proceeds thereof, by the respective beneficiaries of such Letters of Credit or any assignees or transferees thereof.
In furtherance and not in limitation of the foregoing, none of the Administrative Agent, the Lenders, the Issuing Banks or any
of their Related Parties shall have any liability or responsibility for: (i) the form, validity, sufficiency, accuracy, genuineness
or legal effect of any document submitted by any party in connection with the application for and issuance of any such Letter
of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged
other than to confirm such documents comply with the terms of such Letter of Credit; (ii) the validity or sufficiency of
any instrument transferring or assigning or purporting to transfer or assign any such 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; (iii) failure
of the beneficiary of any such Letter of Credit to comply fully with any conditions required in order to draw upon such Letter
of Credit; (iv) its honor of any presentation under a Letter of Credit that appears on its face to substantially comply with the
terms and conditions of such Letter of Credit; (v) any error, omission, interruption, loss or delay in transmission or delivery
of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make
a drawing thereunder); (vi) errors in interpretation of technical terms; (vii) any loss or delay in the transmission of any
document required in order to make a drawing under any such Letter of Credit; (viii) the misapplication by the beneficiary
of any such Letter of Credit of the proceeds of any drawing under such Letter of Credit; or (ix) any consequences arising
from causes beyond the control of the Issuing Bank, including any act by a Governmental Authority and fluctuation in currency
exchange rates. None of the above shall affect or impair, or prevent the vesting of, any of the Issuing Bank’s rights or
powers hereunder or place the Issuing Bank under any liability to the Borrower or any other Person. Notwithstanding the foregoing,
none of the above shall be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages
(as opposed to special, indirect, consequential, incidental, exemplary or punitive damages, claims in respect of which are hereby
waived by the Borrower to the extent permitted by Requirements of Law) suffered by the Borrower that are caused by such Issuing
Bank’s gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final, non-appealable
judgment) when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof.
In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents
presented that appear on their face to be in substantial compliance with the terms of a Letter of Credit, an Issuing Bank may,
in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless
of any notice or information to the contrary, or refuse to accept and make payment upon such documents if (notwithstanding the
appearance of substantial compliance) such documents are not in strict compliance with the terms of such Letter of Credit, and
any such acceptance or refusal shall be deemed not to constitute gross negligence or willful misconduct.

 

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(h)               
Disbursement Procedures. Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting
to represent a demand for payment under a Letter of Credit. Each Issuing Bank shall promptly notify the Administrative Agent and
the Borrower in writing by telecopy, electronic mail, facsimile or overnight courier of such demand for payment and whether such
Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such
notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Lenders with respect to
any such LC Disbursement in accordance with paragraph (f) of this Section 2.05.

 

(i)                 Interim
Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement
in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including
the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate
per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement
when due pursuant to paragraph (f) of this Section 2.05, then Section 2.13(c) shall apply. Interest
accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank,
except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of
this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment
and shall be payable on demand or, if no demand has been made, on the date on which the Borrower reimburses the applicable LC
Disbursement in full.

 

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(j)                
Cash Collateralization. If (i) effective immediately, without demand or other notice of any kind, as of any expiration
date of a Letter of Credit, such Letter of Credit may for any reason remain outstanding and partially or wholly undrawn, (ii) effective
immediately, without demand or other notice of any kind, as of the occurrence of any Event of Default under paragraph (h)
or (i) of Section 7.01, or (iii) any Event of Default under paragraph (a) or (b) of Section 7.01
shall occur and be continuing, on the Business Day on which the Borrower receives notice from the Administrative Agent, the applicable
Issuing Bank or the Required Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders with LC Exposure
representing more than 50% of the aggregate LC Exposure of all Revolving Lenders) demanding the deposit of cash collateral pursuant
to this paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent
and for the benefit of the Secured Parties, an amount of cash in dollars equal to the portions of the LC Exposure attributable
to Letters of Credit, as of such date plus any accrued and unpaid interest thereon. The Borrower also shall deposit cash collateral
pursuant to this paragraph as and to the extent required by Section 2.11(b). Each such deposit shall be held by the
Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement and
the other Loan Documents. At any time that there shall exist a Defaulting Lender, if any Defaulting Lender Fronting Exposure remains
outstanding (after giving effect to Section 2.22(a)(iv)), then promptly upon the request of the Administrative Agent
or the Issuing Bank, the Borrower shall deliver to the Administrative Agent cash collateral in an amount sufficient to cover such
Defaulting Lender Fronting Exposure (after giving effect to any cash collateral provided by the Defaulting Lender). The Administrative
Agent (for the benefit of the Secured Parties) shall have exclusive dominion and control, including the exclusive right of withdrawal,
over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option
and sole discretion of the Administrative Agent in Permitted Investments and at the Borrower’s risk and expense, such deposits
shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Notwithstanding anything
to the contrary set forth in this Agreement, moneys in such account shall be applied by the Administrative Agent first to
reimburse the Issuing Banks for LC Disbursements for which they have not been reimbursed and, to the extent not so applied, the
balance shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or,
if the maturity of the Loans has been accelerated (but subject to the consent of Revolving Lenders with LC Exposure representing
more than 50% of the aggregate LC Exposure of all the Revolving Lenders), such balance shall be applied to satisfy other obligations
of the Borrower under this Agreement. If the Borrower is required to provide an amount of cash collateral hereunder as a result
of the occurrence of an Event of Default or the existence of a Defaulting Lender, such amount (to the extent not applied as aforesaid)
shall be returned to the Borrower within three (3) Business Days after all Events of Default have been cured or waived or after
the termination of Defaulting Lender status, as applicable. If the Borrower is required to provide an amount of cash collateral
hereunder pursuant to Section 2.11(b), such amount (to the extent not applied as aforesaid) shall be returned to the
Borrower as and to the extent that, after giving effect to such return, the Borrower would remain in compliance with Section 2.11(b)
and no Event of Default shall have occurred and be continuing.

 

(k)                Designation
of Additional Issuing Banks. The Borrower may, at any time and from time to time, designate as additional Issuing Banks
one or more Revolving Lenders that agree in writing to serve in such capacity as provided below. The acceptance by a
Revolving Lender of an appointment as an Issuing Bank hereunder shall be evidenced by an agreement, which shall be in form
and substance reasonably satisfactory to the Administrative Agent and the Borrower, executed by the Borrower, the
Administrative Agent and such designated Revolving Lender and, from and after the effective date of such agreement,
(i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and
(ii) references herein to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its
capacity as an issuer of Letters of Credit hereunder.

 

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(l)                
Resignation or Termination of an Issuing Bank. Subject to the appointment and acceptance of a successor Issuing Bank
reasonably acceptable to the Borrower, any Issuing Bank may resign at any time by giving thirty (30) days’ written notice
to the Administrative Agent, the Lenders and the Borrower. The Borrower may terminate the appointment of any Issuing Bank as an
 “Issuing Bank” hereunder by providing a written notice thereof to such Issuing Bank, with a copy to the Administrative
Agent. Any such termination shall become effective upon the earlier of (i) such Issuing Bank’s acknowledging receipt
of such notice and (ii) the fifth (5th) Business Day following the date of the delivery thereof; provided
that no such termination shall become effective until and unless the LC Exposure attributable to all Letters of Credit issued by
such Issuing Bank (or its Affiliates) shall have been reduced to zero. At the time any such resignation or termination shall become
effective, the Borrower shall pay all unpaid fees accrued for the account of the resigning or terminated Issuing Bank pursuant
to Section 2.12(b). Notwithstanding the effectiveness of any such resignation or termination, the resigning or terminated
Issuing Bank shall remain a party hereto and shall continue to have all the rights of an Issuing Bank under this Agreement and
the other Loan Documents with respect to Letters of Credit issued by it prior to such resignation or termination, but shall not
(a) be required (and shall be discharged from its obligations) to issue any additional Letters of Credit or extend or increase
the amount of Letters of Credit then outstanding, without affecting its rights and obligations with respect to Letters of Credit
previously issued by it, or (b) be deemed an Issuing Bank for any other purpose.

 

(m)              
Issuing Bank Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each Issuing
Bank shall, in addition to its notification obligations set forth elsewhere in this Section 2.05, report in writing to the
Administrative Agent (i) periodic activity (for such period or recurrent periods as shall be requested by the Administrative Agent)
in respect of Letters of Credit issued by such Issuing Bank, including all issuances, extensions, amendments and renewals, all
expirations and cancellations and all disbursements and reimbursements, (ii) within five (5) Business Days following the time
that such Issuing Bank issues, amends, renews or extends any Letter of Credit, the date of such issuance, amendment, renewal or
extension, and face amount of the Letters of Credit issued, amended, renewed, exchanged or extended by it and outstanding after
giving effect to such issuance, amendment, renewal or extension (and whether the amounts thereof shall have changed), (iii) on
each Business Day on which such Issuing Bank makes any LC Disbursement, the date and amount of such LC Disbursement, (iv) on
any Business Day on which the Borrower fails to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank on
such day, the date of such failure and amount of such LC Disbursement and (v) on any other Business Day, such other information
as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such Issuing Bank; provided that
no Issuing Bank shall have any liability hereunder to any Person for any failure to deliver the reports contemplated by this paragraph
(m) of Section 2.05.

 

(n)                Applicability
of ISP. Unless otherwise expressly agreed by the applicable Issuing Bank and the Borrower when a Letter of Credit is
issued or when it is amended with the consent of the beneficiary thereof, (i) the rules of the ISP shall apply to each
standby Letter of Credit. Notwithstanding the foregoing, the applicable Issuing Bank shall not be responsible to the Borrower
for, and the applicable Issuing Bank’s rights and remedies against the Borrower shall not be impaired by, any action or
inaction of the applicable Issuing Bank 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 applicable law or any order of any Governmental
Authority in a jurisdiction where the applicable Issuing Bank or the beneficiary is located, the practice stated in the ISP,
or in the decisions, opinions, practice statements or official commentary of the ICC Banking Commission, the Bankers
Association for Finance and Trade (BAFT), or the Institute of International Banking Law & Practice, whether or not any
Letter of Credit chooses such law or practice.

 

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SECTION 2.06              
Funding of Borrowings.

 

(a)               
Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately
available funds by 12:00 noon, New York City time, to the Applicable Account of the Administrative Agent most recently designated
by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly
crediting the amounts so received, in like funds, to an account of the Borrower designated by the Borrower in the applicable Borrowing
Request; provided that ABR Revolving Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f)
shall be remitted by the Administrative Agent to the applicable Issuing Bank.

 

(b)               
Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that
such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative
Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this
Section 2.06 and may, in reliance on such assumption and in its sole discretion, make available to the Borrower a corresponding
amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative
Agent, then the applicable Lender agrees to pay to the Administrative Agent an amount equal to such share on demand of the Administrative
Agent. If such Lender does not pay such corresponding amount forthwith upon demand of the Administrative Agent therefor, the Administrative
Agent shall promptly notify the Borrower, and the Borrower agrees to pay such corresponding amount to the Administrative Agent
forthwith on demand. The Administrative Agent shall also be entitled to recover from such Lender or Borrower interest on such
corresponding amount, for each day from and including the date such amount is made available to the Borrower to but excluding
the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective
Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, or
(ii) in the case of the Borrower, the interest rate applicable to such Borrowing in accordance with Section 2.13.
If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included
in such Borrowing.

 

(c)               
The obligations of the Lenders hereunder to make Term Loans and Revolving Loans, to fund participations in Letters of Credit
and to make payments pursuant to Section 9.03(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 9.03(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 9.03(c).

 

SECTION 2.07              
Interest Elections.

 

(a)                Each
Revolving Borrowing and Term Borrowing initially shall be of the Type specified in the applicable Borrowing Request or
designated by Section 2.03 and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as
specified in such Borrowing Request or designated by Section 2.03. Thereafter, the Borrower may elect to convert
such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect
Interest Periods therefor, all as provided in this Section 2.07. The Borrower may elect different options with respect
to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders
holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate
Borrowing.

 

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(b)               
To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election in writing
by telecopy, electronic mail, facsimile or overnight courier by the time that a Borrowing Request would be required under Section 2.03
if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election.
Each such written Interest Election Request shall be irrevocable and shall be signed by the Borrower.

 

(c)                
Each written Interest Election Request shall specify the following information in compliance with Section 2.03:

 

(i)                the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to
different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to
be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);

 

(ii)              
the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;

 

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

 

(iv)             
if the resulting Borrowing is to be a Eurodollar Borrowing, the Interest Period to be applicable thereto after giving effect
to such election, which shall be a period contemplated by the definition of the term “Interest Period.”

 

If any such Interest Election Request requests
a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest
Period of one month’s duration.

 

(d)                 Promptly
following receipt of an Interest Election Request in accordance with this Section 2.07, the Administrative Agent shall
advise each Lender of the applicable Class of the details thereof and of such Lender’s portion of each resulting Borrowing.

 

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

 

SECTION 2.08              
Termination and Reduction of Commitments.

 

(a)                 Unless
previously terminated, (i) on the Effective Date, the Term Commitments in effect on such date shall terminate upon the making
of the relevant Term Loans and (ii) the Revolving Commitments shall terminate on the Revolving Maturity Date.

 

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

 

(c)                 The
Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b)
of this Section 2.08 at least one (1) Business Day prior to the effective date of such termination or reduction, specifying
such election and the effective date thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise
the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section 2.08 shall be irrevocable;
provided that a notice of termination of the Revolving Commitments delivered by the Borrower may state that such notice
is conditioned upon the effectiveness of other credit facilities or the receipt of the proceeds from the issuance of other Indebtedness
or the occurrence of some other identifiable event or condition, in which case such notice may be revoked by the Borrower (by
notice to the Administrative Agent on or prior to the specified effective date of termination) if such condition is not satisfied.
Any termination or reduction of the Commitments of any Class shall be permanent. Each reduction of the Commitments of any Class
shall be made ratably among the Lenders in accordance with their respective Commitments of such Class.

 

SECTION 2.09              
Repayment of Loans; Evidence of Debt.

 

(a)                 The
Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid
principal amount of each Revolving Loan of such Lender on the Revolving Maturity Date and (ii) to the Administrative Agent
for the account of each Lender the then unpaid principal amount of each Term Loan of such Lender as provided in Section 2.10.

 

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

 

(c)                
The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder,
the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and
payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by
the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.

 

(d)               
The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section 2.09
shall be prima facie evidence of the existence and amounts of the obligations recorded therein, provided that the
failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect
the obligation of the Borrower to pay any amounts due hereunder in accordance with the terms of this Agreement. In the event of
any inconsistency between the entries made pursuant to paragraphs (b) and (c) of this Section 2.09, the accounts
maintained by the Administrative Agent pursuant to paragraph (c) of this Section 2.09 shall control.

 

(e)                 Any
Lender may request through the Administrative Agent that Loans of any Class made by it be evidenced by a Note. In such event,
the Borrower shall execute and deliver to such Lender a Note payable to such Lender (or, if requested by such Lender, to such
Lender and its registered assigns).

 

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SECTION 2.10              
Amortization of Term Loans.

 

(a)                
Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrower shall repay Term Borrowings
on the last day of each November, February, May and August in an amount equal to 0.25% of the sum of the aggregate principal amount
of the Initial Term Loans outstanding on the Effective Date (commencing on the last Business Day of the second full fiscal quarter
ended after the Effective Date); provided that if any such date is not a Business Day, such payment shall be due on the
next preceding Business Day.

 

(b)                
To the extent not previously paid, all Term Loans shall be due and payable on the Term Maturity Date.

 

(c)                 Any
prepayment of a Term Borrowing of any Class (i) pursuant to Section 2.11(a) shall be applied to reduce the subsequent
scheduled and outstanding repayments of the Term Borrowings of such Class to be made pursuant to this Section 2.10 as directed
by the Borrower (and absent such direction in direct order of maturity) and (ii) pursuant to Section 2.11(c) or 2.11(d) shall
be applied to reduce the subsequent scheduled and outstanding repayments of the Term Borrowings of such Class to be made pursuant
to this Section 2.10, or, except as otherwise provided in any Refinancing Amendment or Loan Modification Agreement, pursuant
to the corresponding section of such Refinancing Amendment or Loan Modification Agreement, as applicable, as directed by the Borrower
and, in the absence of such direction, in direct order of maturity.

 

(d)                
Prior to any repayment of any Term Borrowings of any Class hereunder, the Borrower shall select the Borrowing or Borrowings
of the applicable Class to be repaid and shall notify the Administrative Agent in writing by telecopy, electronic mail, facsimile
or overnight courier of such election not later than 2:00 p.m., New York City time, one (1) Business Day before the scheduled
date of such repayment. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative
Agent shall make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing
under Section 2.16. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing.
Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

 

SECTION 2.11              
Prepayment of Loans.

 

(a)                 (i)       The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part,
without premium or penalty; provided that in the event that, on or prior to the date that is six (6) months after the Effective
Date, the Borrower (i) prepays, repays, refinances, repurchases, substitutes or replaces all or any portion of the Initial Term
Loans in connection with a Repricing Transaction or (ii) effects any amendment, modification or waiver of, or consent under, this
Agreement resulting in a Repricing Transaction (including in the case of any required assignment pursuant to Section 9.02(c)),
the Borrower shall pay to the Administrative Agent, for the account of each applicable Lender (including each Lender holding Initial
Term Loans immediately prior to the consummation of such Repricing Transaction that withholds its consent to such Repricing Transaction
and is replaced as a Non-Consenting Lender pursuant to Section 9.02(c)), (A) in the case of clause (i), a premium
of 1.00% of the aggregate principal amount of the Initial Term Loans so prepaid, repaid, refinanced, substituted or replaced and
(B) in the case of clause (ii), a fee equal to 1.00% of the aggregate principal amount of the Initial Term Loans that are the subject
of such Repricing Transaction outstanding immediately prior to such amendment, modification, waiver or consent. For the avoidance
of doubt, no prepayment fee shall be payable at any time on or after the date that is six (6) months after the Effective Date.

 

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(ii)                 Notwithstanding
anything in any Loan Document to the contrary, so long as no Default or Event of Default has occurred and is continuing, Holdings,
any Intermediate Parent, the Borrower or any of their respective Subsidiaries may offer to prepay all or a portion of the outstanding
Term Loans on the following basis:

 

(A)               Holdings,
any Intermediate Parent, the Borrower or any of their respective Subsidiaries shall have the right to make a voluntary prepayment
of Term Loans at a discount to par (such prepayment, the “Discounted Term Loan Prepayment”) pursuant to a Borrower
Offer of Specified Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offers or Borrower Solicitation of
Discounted Prepayment Offers, in each case made in accordance with this Section 2.11(a)(ii); provided that Holdings,
any Intermediate Parent, the Borrower or any of their respective Subsidiaries shall not make any Borrowing of Revolving Loans
to fund any Discounted Term Loan Prepayment and (y) Holdings, any Intermediate Parent, the Borrower or any of their respective
Subsidiaries shall not initiate any action under this Section 2.11(a)(ii) in order to make a Discounted Term Loan Prepayment
unless (I) at least ten (10) Business Days shall have passed since the consummation of the most recent Discounted Term Loan Prepayment
as a result of a prepayment made by Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries on
the applicable Discounted Prepayment Effective Date; or (II) at least three (3) Business Days shall have passed since the date
Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries were notified that no Term Lender was
willing to accept any prepayment of any Term Loan and/or Other Term Loan at the Specified Discount, within the Discount Range
or at any discount to par value, as applicable, or in the case of Borrower Solicitation of Discounted Prepayment Offers, the date
of Holdings’, any Intermediate Parent’s, the Borrower’s or any of their respective Subsidiaries’ election
not to accept any Solicited Discounted Prepayment Offers and (z) each Lender participating in any Discounted Term Loan Prepayment
acknowledges and agrees that in connection with such Discounted Term Loan Prepayment, (1) the Borrower then may have, and later
may come into possession of, information regarding the Term Loans or the Loan Parties hereunder that is not known to such Lender
and that may be material to a decision by such Lender to participate in such Discounted Term Loan Prepayment (“Excluded
Information”), (2) such Lender has independently and, without reliance on Holdings, any of its Subsidiaries, the Administrative
Agent or any of their respective Affiliates, made its own analysis and determination to participate in such Discounted Term Loan
Prepayment notwithstanding such Lender’s lack of knowledge of the Excluded Information and (3) none of Holdings, its Subsidiaries,
the Administrative Agent, or any of their respective Affiliates shall have any liability to such Lender, and such Lender hereby
waives and releases, to the extent permitted by Requirements of Law, any claims such Lender may have against Holdings, its Subsidiaries,
the Administrative Agent, and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure
of the Excluded Information; provided  further that any Term Loan that is prepaid will be automatically and
irrevocably cancelled.

 

(B)                 (1)       Subject
to the proviso to subsection (A) above, Holdings, any Intermediate Parent, the Borrower or any of their respective
Subsidiaries may from time to time offer to make a Discounted Term Loan Prepayment by providing the Auction Agent with three
(3) Business Days’ notice in the form of a Specified Discount Prepayment Notice; provided that (I) any such
offer shall be made available, at the sole discretion of Holdings, any Intermediate Parent, the Borrower or any of their
respective Subsidiaries, to each Term Lender and/or each Lender with respect to any Class of Term Loans on an individual
tranche basis, (II) any such offer shall specify the aggregate principal amount offered to be prepaid (the
 “Specified Discount Prepayment Amount”) with respect to each applicable tranche, the tranche or tranches
of Term Loans subject to such offer and the specific percentage discount to par (the “Specified Discount”)
of such Term Loans to be prepaid (it being understood that different Specified Discounts and/or Specified Discount Prepayment
Amounts may be offered with respect to different tranches of Term Loans and, in such an event, each such offer will be
treated as a separate offer pursuant to the terms of this Section), (III) the Specified Discount Prepayment Amount shall be
in an aggregate amount not less than $1,000,000 and whole increments of $500,000 in excess thereof and (IV) each such offer
shall remain outstanding through the Specified Discount Prepayment Response Date. The Auction Agent will promptly provide
each relevant Term Lender with a copy of such Specified Discount Prepayment Notice and a form of the Specified Discount
Prepayment Response to be completed and returned by each such Lender to the Auction Agent (or its delegate) by no later than
5:00 p.m., New York City time, on the third (3rd) Business Day after the date of delivery of such notice to the
relevant Term Lenders (the “Specified Discount Prepayment Response Date”).

 

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(2)                 Each
relevant Term Lender receiving such offer shall notify the Auction Agent (or its delegate) by the Specified Discount Prepayment
Response Date whether or not it agrees to accept a prepayment of any of its relevant then outstanding Term Loans at the Specified
Discount and, if so (such accepting Term Lender, a “Discount Prepayment Accepting Lender”), the amount and
the tranches of such Lender’s Term Loans to be prepaid at such offered discount. Each acceptance of a Discounted Term Loan
Prepayment by a Discount Prepayment Accepting Lender shall be irrevocable. Any Term Lender whose Specified Discount Prepayment
Response is not received by the Auction Agent by the Specified Discount Prepayment Response Date shall be deemed to have declined
to accept the applicable Borrower Offer of Specified Discount Prepayment.

 

(3)                
If there is at least one Discount Prepayment Accepting Lender, Holdings, any Intermediate Parent, the Borrower or any of
their respective Subsidiaries will make prepayment of outstanding Term Loans pursuant to this subsection (B) to each Discount
Prepayment Accepting Lender in accordance with the respective outstanding amount and tranches of Term Loans specified in such Lender’s
Specified Discount Prepayment Response given pursuant to paragraph (2) above; provided that, if the aggregate principal
amount of Term Loans accepted for prepayment by all Discount Prepayment Accepting Lenders exceeds the Specified Discount Prepayment
Amount, such prepayment shall be made pro-rata among the Discount Prepayment Accepting Lenders in accordance with the respective
principal amounts accepted to be prepaid by each such Discount Prepayment Accepting Lender and the Auction Agent (in consultation
with Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries and subject to rounding requirements
of the Auction Agent made in its reasonable discretion) will calculate such proration (the “Specified Discount Proration”).
The Auction Agent shall promptly, and in any case within three (3) Business Days following the Specified Discount Prepayment Response
Date, notify (I) Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries of the respective Term
Lenders’ responses to such offer, the Discounted Prepayment Effective Date and the aggregate principal amount of the Discounted
Term Loan Prepayment and the tranches to be prepaid, (II) each Term Lender of the Discounted Prepayment Effective Date, and the
aggregate principal amount and the tranches of Term Loans to be prepaid at the Specified Discount on such date and (III) each Discount
Prepayment Accepting Lender of the Specified Discount Proration, if any, and confirmation of the principal amount, tranche and
Type of Loans of such Lender to be prepaid at the Specified Discount on such date. Each determination by the Auction Agent of the
amounts stated in the foregoing notices to Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries
and Lenders shall be conclusive and binding for all purposes absent manifest error. The payment amount specified in such notice
to Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries shall be due and payable by Holdings,
any Intermediate Parent, the Borrower or any of their respective Subsidiaries on the Discounted Prepayment Effective Date in accordance
with subsection (F) below (subject to subsection (J) below).

 

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(C)                
 (1)       Subject to the proviso to subsection (A) above, Holdings, any Intermediate Parent, the Borrower or any of
their respective Subsidiaries may from time to time solicit Discount Range Prepayment Offers by providing the Auction Agent with
three (3) Business Days’ notice in the form of a Discount Range Prepayment Notice; provided that (I) any such solicitation
shall be extended, at the sole discretion of Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries,
to each Term Lender and/or each Lender with respect to any Class of Loans on an individual tranche basis, (II) any such notice
shall specify the maximum aggregate principal amount of the relevant Term Loans (the “Discount Range Prepayment Amount”),
the tranche or tranches of Term Loans subject to such offer and the maximum and minimum percentage discounts to par (the “Discount
Range”) of the principal amount of such Term Loans with respect to each relevant tranche of Term Loans willing to be
prepaid by Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries (it being understood that different
Discount Ranges and/or Discount Range Prepayment Amounts may be offered with respect to different tranches of Term Loans and, in
such an event, each such offer will be treated as a separate offer pursuant to the terms of this Section), (III) the Discount Range
Prepayment Amount shall be in an aggregate amount not less than $1,000,000 and whole increments of $500,000 in excess thereof and
(IV) each such solicitation by Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries shall remain
outstanding through the Discount Range Prepayment Response Date. The Auction Agent will promptly provide each relevant Term Lender
with a copy of such Discount Range Prepayment Notice and a form of the Discount Range Prepayment Offer to be submitted by a responding
relevant Term Lender to the Auction Agent (or its delegate) by no later than 5:00 p.m., New York City time, on the third (3rd)
Business Day after the date of delivery of such notice to the relevant Term Lenders (the “Discount Range Prepayment Response
Date”). Each relevant Term Lender’s Discount Range Prepayment Offer shall be irrevocable and shall specify a discount
to par within the Discount Range (the “ Submitted Discount”) at which such Term Lender is willing to allow prepayment
of any or all of its then outstanding Term Loans of the applicable tranche or tranches and the maximum aggregate principal amount
and tranches of such Lender’s Term Loans (the “Submitted Amount”) such Lender is willing to have prepaid
at the Submitted Discount. Any Term Lender whose Discount Range Prepayment Offer is not received by the Auction Agent by the Discount
Range Prepayment Response Date shall be deemed to have declined to accept a Discounted Term Loan Prepayment of any of its Term
Loans at any discount to their par value within the Discount Range.

 

(2)                 The
Auction Agent shall review all Discount Range Prepayment Offers received on or before the applicable Discount Range Prepayment
Response Date and shall determine (in consultation with Holdings, any Intermediate Parent, the Borrower or any of their respective
Subsidiaries and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) the Applicable
Discount and Term Loans to be prepaid at such Applicable Discount in accordance with this subsection (C). Holdings, any
Intermediate Parent, the Borrower or any of their respective Subsidiaries agree to accept on the Discount Range Prepayment Response
Date all Discount Range Prepayment Offers received by the Auction Agent by the Discount Range Prepayment Response Date, in the
order from the Submitted Discount that is the largest discount to par to the Submitted Discount that is the smallest discount
to par, up to and including the Submitted Discount that is the smallest discount to par within the Discount Range (such Submitted
Discount that is the smallest discount to par within the Discount Range being referred to as the “Applicable Discount”)
which yields a Discounted Term Loan Prepayment in an aggregate principal amount equal to the lower of (I) the Discount Range Prepayment
Amount and (II) the sum of all Submitted Amounts. Each Lender that has submitted a Discount Range Prepayment Offer to accept prepayment
at a discount to par that is larger than or equal to the Applicable Discount shall be deemed to have irrevocably consented to
prepayment of Term Loans equal to its Submitted Amount (subject to any required proration pursuant to the following paragraph
(3)) at the Applicable Discount (each such Lender, a “Participating Lender”).

 

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(3)                
If there is at least one Participating Lender, Holdings, any Intermediate Parent, the Borrower or any of their respective
Subsidiaries will prepay the respective outstanding Term Loans of each Participating Lender in the aggregate principal amount and
of the tranches specified in such Lender’s Discount Range Prepayment Offer at the Applicable Discount; provided that
if the Submitted Amount by all Participating Lenders offered at a discount to par greater than the Applicable Discount exceeds
the Discount Range Prepayment Amount, prepayment of the principal amount of the relevant Term Loans for those Participating Lenders
whose Submitted Discount is a discount to par greater than or equal to the Applicable Discount (the “Identified Participating
Lenders”) shall be made pro-rata among the Identified Participating Lenders in accordance with the Submitted Amount of
each such Identified Participating Lender and the Auction Agent (in consultation with Holdings, any Intermediate Parent, the Borrower
or any of their respective Subsidiaries and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion)
will calculate such proration (the “Discount Range Proration”). The Auction Agent shall promptly, and in any
case within five (5) Business Days following the Discount Range Prepayment Response Date, notify (I) Holdings, any Intermediate
Parent, the Borrower or any of their respective Subsidiaries of the respective Term Lenders’ responses to such solicitation,
the Discounted Prepayment Effective Date, the Applicable Discount, and the aggregate principal amount of the Discounted Term Loan
Prepayment and the tranches to be prepaid, (II) each Term Lender of the Discounted Prepayment Effective Date, the Applicable Discount,
and the aggregate principal amount and tranches of Term Loans to be prepaid at the Applicable Discount on such date, (III) each
Participating Lender of the aggregate principal amount and tranches of such Lender to be prepaid at the Applicable Discount on
such date, and (IV) if applicable, each Identified Participating Lender of the Discount Range Proration. Each determination by
the Auction Agent of the amounts stated in the foregoing notices to Holdings, any Intermediate Parent, the Borrower or any of their
respective Subsidiaries and Lenders shall be conclusive and binding for all purposes absent manifest error. The payment amount
specified in such notice to Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries shall be due
and payable by such Borrower on the Discounted Prepayment Effective Date in accordance with subsection (F) below (subject
to subsection (J) below).

 

(D)                (1)        Subject to the proviso to subsection (A) above, Holdings, any Intermediate Parent, the Borrower or any of
their respective Subsidiaries may from time to time solicit Solicited Discounted Prepayment Offers by providing the Auction
Agent with three (3) Business Days’ notice in the form of a Solicited Discounted Prepayment Notice; provided that (I)
any such solicitation shall be extended, at the sole discretion of Holdings, any Intermediate Parent, the Borrower or any of
their respective Subsidiaries, to each Term Lender and/or each Lender with respect to any Class of Term Loans on an
individual tranche basis, (II) any such notice shall specify the maximum aggregate dollar amount of the Term Loans (the
 “Solicited Discounted Prepayment Amount”) and the tranche or tranches of Term Loans that Holdings, any
Intermediate Parent, the Borrower or any of their respective Subsidiaries is willing to prepay at a discount (it being
understood that different Solicited Discounted Prepayment Amounts may be offered with respect to different tranches of Term
Loans and, in such an event, each such offer will be treated as a separate offer pursuant to the terms of this Section),
(III) the Solicited Discounted Prepayment Amount shall be in an aggregate amount not less than $1,000,000 and whole
increments of $500,000 in excess thereof and (IV) each such solicitation by Holdings, any Intermediate Parent, the Borrower
or any of their respective Subsidiaries shall remain outstanding through the Solicited Discounted Prepayment Response Date.
The Auction Agent will promptly provide each relevant Term Lender with a copy of such Solicited Discounted Prepayment Notice
and a form of the Solicited Discounted Prepayment Offer to be submitted by a responding Term Lender to the Auction Agent (or
its delegate) by no later than 5:00 p.m., New York City time on the third (3rd) Business Day after the date of
delivery of such notice to the relevant Term Lenders (the “Solicited Discounted Prepayment Response
Date”). Each Term Lender’s Solicited Discounted Prepayment Offer shall (x) be irrevocable, (y) remain
outstanding until the Acceptance Date, and (z) specify both a discount to par (the “Offered Discount”)
such Term Lender is willing to allow to be applied to the prepayment of its then outstanding Term Loan and the maximum
aggregate principal amount and tranches of such Term Loans (the “Offered Amount”) such Term Lender is
willing to have prepaid subject to such Offered Discount. Any Term Lender whose Solicited Discounted Prepayment Offer is not
received by the Auction Agent by the Solicited Discounted Prepayment Response Date shall be deemed to have declined
prepayment of any of its Term Loans at any discount.

 

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(2)                 The
Auction Agent shall promptly provide Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries with
a copy of all Solicited Discounted Prepayment Offers received on or before the Solicited Discounted Prepayment Response Date. Holdings,
any Intermediate Parent, the Borrower or any of their respective Subsidiaries shall review all such Solicited Discounted Prepayment
Offers and select the largest of the Offered Discounts specified by the relevant responding Term Lenders in the Solicited Discounted
Prepayment Offers that is acceptable to Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries
(the “Acceptable Discount”), if any. If Holdings, any Intermediate Parent, the Borrower or any of their respective
Subsidiaries elects to accept any Offered Discount as the Acceptable Discount, then as soon as practicable after the determination
of the Acceptable Discount, but in no event later than by the third (3rd) Business Day after the date of receipt by
Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries from the Auction Agent of a copy of all
Solicited Discounted Prepayment Offers pursuant to the first sentence of this paragraph (2) (the “Acceptance Date”),
Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries shall submit an Acceptance and Prepayment
Notice to the Auction Agent setting forth the Acceptable Discount. If the Auction Agent shall fail to receive an Acceptance and
Prepayment Notice from Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries by the Acceptance
Date, Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries shall be deemed to have rejected
all Solicited Discounted Prepayment Offers.

 

(3)
                 Based upon the Acceptable Discount and the Solicited Discounted Prepayment Offers
received by Auction Agent by the Solicited Discounted Prepayment Response Date, within three (3) Business Days after receipt
of an Acceptance and Prepayment Notice (the “Discounted Prepayment Determination Date”), the Auction Agent
will determine (in consultation with Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries
and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) the aggregate principal
amount and the tranches of Term Loans (the “Acceptable Prepayment Amount”) to be prepaid by Holdings, any
Intermediate Parent, the Borrower or any of their respective Subsidiaries at the Acceptable Discount in accordance with this Section
2.11(a)(ii)(D). If Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries elects to
accept any Acceptable Discount, then Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries
agrees to accept all Solicited Discounted Prepayment Offers received by Auction Agent by the Solicited Discounted Prepayment
Response Date, in the order from largest Offered Discount to smallest Offered Discount, up to and including the Acceptable
Discount. Each Lender that has submitted a Solicited Discounted Prepayment Offer with a Offered Discount that is greater than
or equal to the Acceptable Discount shall be deemed to have irrevocably consented to prepayment of Term Loans equal to its
Offered Amount (subject to any required pro-rata reduction pursuant to the following sentence) at the Acceptable Discount
(each such Lender, a “Qualifying Lender”). Holdings, any Intermediate Parent, the Borrower or any of their
respective Subsidiaries will prepay outstanding Term Loans pursuant to this subsection (D) to each Qualifying Lender
in the aggregate principal amount and of the tranches specified in such Lender’s Solicited Discounted Prepayment Offer
at the Acceptable Discount; provided that if the aggregate Offered Amount by all Qualifying Lenders whose Offered
Discount is greater than or equal to the Acceptable Discount exceeds the Solicited Discounted Prepayment Amount, prepayment
of the principal amount of the Term Loans for those Qualifying Lenders whose Offered Discount is greater than or equal to the
Acceptable Discount (the “Identified Qualifying Lenders”) shall be made pro-rata among the Identified
Qualifying Lenders in accordance with the Offered Amount of each such Identified Qualifying Lender and the Auction Agent (in
consultation with Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries and subject to
rounding requirements of the Auction Agent made in its sole reasonable discretion) will calculate such proration (the
 “Solicited Discount Proration”). On or prior to the Discounted Prepayment Determination Date, the Auction
Agent shall promptly notify (I) Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries of
the Discounted Prepayment Effective Date and Acceptable Prepayment Amount comprising the Discounted Term Loan Prepayment and
the tranches to be prepaid, (II) each Term Lender who made a Solicited Discounted Prepayment Offer of the Discounted
Prepayment Effective Date, the Acceptable Discount, and the Acceptable Prepayment Amount of all Term Loans and the tranches
to be prepaid to be prepaid at the Applicable Discount on such date, (III) each Qualifying Lender of the aggregate principal
amount and the tranches of such Lender to be prepaid at the Acceptable Discount on such date, and (IV) if applicable, each
Identified Qualifying Lender of the Solicited Discount Proration. Each determination by the Auction Agent of the amounts
stated in the foregoing notices to such Borrower and Lenders shall be conclusive and binding for all purposes absent manifest
error. The payment amount specified in such notice to such Borrower shall be due and payable by such Borrower on the
Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to subsection (J)
below).

 

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(E)                In
connection with any Discounted Term Loan Prepayment, Holdings, any Intermediate Parent, the Borrower or any of their respective
Subsidiaries and the Lenders acknowledge and agree that the Auction Agent may require as a condition to any Discounted Term Loan
Prepayment, the payment of reasonable and customary fees and expenses from Holdings, any Intermediate Parent, the Borrower or any
of their respective Subsidiaries in connection therewith.

 

(F)                If
any Term Loan is prepaid in accordance with subsections (B) through (D) above, Holdings, any Intermediate Parent,
the Borrower or any of their respective Subsidiaries shall prepay such Term Loans on the Discounted Prepayment Effective Date.
Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries shall make such prepayment to the Auction
Agent, for the account of the Discount Prepayment Accepting Lenders, Participating Lenders, or Qualifying Lenders, as applicable,
in immediately available funds not later than 11:00 a.m. (New York City time) on the Discounted Prepayment Effective Date and all
such prepayments shall be applied to the remaining principal installments of the relevant tranche of Term Loans on a pro rata basis
across such installments. The Term Loans so prepaid shall be accompanied by all accrued and unpaid interest on the par principal
amount so prepaid up to, but not including, the Discounted Prepayment Effective Date. Each prepayment of the outstanding Term Loans
pursuant to this Section 2.11(a)(ii) shall be paid to the Discount Prepayment Accepting Lenders, Participating Lenders,
or Qualifying Lenders, as applicable. The aggregate principal amount of the tranches and installments of the relevant Term Loans
outstanding shall be deemed reduced by the full par value of the aggregate principal amount of the tranches of Term Loans prepaid
on the Discounted Prepayment Effective Date in any Discounted Term Loan Prepayment.

 

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(G)                To
the extent not expressly provided for herein, each Discounted Term Loan Prepayment shall be consummated pursuant to procedures
consistent with the provisions in this Section 2.11(a)(ii), established by the Auction Agent acting in its reasonable discretion
and as reasonably agreed by Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries.

 

(H)                Notwithstanding
anything in any Loan Document to the contrary, for purposes of this Section 2.11(a)(ii), each notice or other communication
required to be delivered or otherwise provided to the Auction Agent (or its delegate) shall be deemed to have been given upon Auction
Agent’s (or its delegate’s) actual receipt during normal business hours of such notice or communication; provided
that any notice or communication actually received outside of normal business hours shall be deemed to have been given as of the
opening of business on the next Business Day.

 

(I)                  Each
of Holdings, any Intermediate Parent, the Borrower or any of their respective Subsidiaries and the Lenders acknowledges and agrees
that the Auction Agent may perform any and all of its duties under this Section 2.11(a)(ii) by itself or through any Affiliate
of the Auction Agent and expressly consents to any such delegation of duties by the Auction Agent to such Affiliate and the performance
of such delegated duties by such Affiliate. The exculpatory provisions pursuant to this Agreement shall apply to each Affiliate
of the Auction Agent and its respective activities in connection with any Discounted Term Loan Prepayment provided for in this
Section 2.11(a)(ii) as well as activities of the Auction Agent.

 

(J)                 Holdings,
any Intermediate Parent, the Borrower or any of their respective Subsidiaries shall have the right, by written notice to the Auction
Agent, to revoke in full (but not in part) its offer to make a Discounted Term Loan Prepayment and rescind the applicable Specified
Discount Prepayment Notice, Discount Range Prepayment Notice or Solicited Discounted Prepayment Notice therefor at its discretion
at any time on or prior to the applicable Specified Discount Prepayment Response Date, Discount Range Prepayment Response Date
or Solicited Discounted Prepayment Response Date, as applicable (and if such offer is revoked pursuant to the preceding clauses,
any failure by such Borrower to make any prepayment to a Term Lender, as applicable, pursuant to this Section 2.11(a)(ii)
shall not constitute a Default or Event of Default under Section 7.01 or otherwise).

 

(b)                
In the event and on each occasion that the aggregate Revolving Exposures exceed the aggregate Revolving Commitments, the
Borrower shall prepay Revolving Borrowings (or, if no such Borrowings are outstanding, deposit cash collateral in an account with
the Administrative Agent pursuant to Section 2.05(j) or otherwise backstop or replace all existing Letters of Credit
in a manner that is reasonably satisfactory to the applicable Issuing Banks) in an aggregate amount necessary to eliminate such
excess.

 

(c)                
In the event and on each occasion that any Net Proceeds are received by or on behalf of the Borrower or any of its Restricted
Subsidiaries in respect of any Prepayment Event, the Borrower shall, within ten (10) Business Days after such Net Proceeds are
received (or, in the case of a Prepayment Event described in clause (b) of the definition of the term “Prepayment
Event,” on the date of such Prepayment Event), prepay Term Borrowings in an aggregate amount equal to the Prepayment Percentage
of the amount of such Net Proceeds; provided that, in the case of any event described in clause (a) of the
definition of the term “Prepayment Event”, if the Borrower or any of the Restricted Subsidiaries invest (or commit
to invest) the Net Proceeds from such event (or a portion thereof) within 18 months after receipt of such Net Proceeds in the
business of the Borrower and the other Subsidiaries (including any acquisitions permitted under Section 6.04), then no
prepayment shall be required pursuant to this paragraph in respect of such Net Proceeds in respect of such event (or the applicable
portion of such Net Proceeds, if applicable) except to the extent of any such Net Proceeds therefrom that have not been so invested
(or committed to be invested) by the end of such 18-month period (or if committed to be so invested within such 18-month period,
have not been so invested within 24 months after receipt thereof), at which time a prepayment shall be required in an amount equal
to such Net Proceeds that have not been so invested (or committed to be invested); provided  further that the
Borrower may elect to deem expenditures that otherwise would be permissible reinvestments that occur prior to receipt of the Net
Proceeds by or on behalf of the Borrower or any of its Restricted Subsidiaries in respect of any Prepayment Event triggered by
clause (a) of the definition of the term “Prepayment Event” to have been reinvested in accordance with
this Section 2.11(b), so long as such deemed expenditure shall have been made no earlier than the execution of a definitive
agreement for such Prepayment Event triggered by clause (a) of the definition of the term “Prepayment Event”;
provided  further that the Borrower may use a portion of such Net Proceeds to prepay or repurchase any other
Indebtedness that is secured on a pari passu basis with the Term Loans, in each case in an amount not to exceed the product
of (x) the amount of such Net Proceeds and (y) a fraction, the numerator of which is the outstanding principal amount of such
other Indebtedness and the denominator of which is the aggregate outstanding principal amount of Term Loans and such other Indebtedness
that is secured on a pari passu basis with the Term Loans, and such amount so used shall reduce on a dollar-for-dollar
basis, any prepayment amount due hereunder in respect of such Net Proceeds.

 

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(d)                Following
the end of each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on or about February 28,
2022 (each such fiscal year, an “Excess Cash Flow Period”), the Borrower shall prepay Term Borrowings in
an aggregate amount equal to the ECF Percentage (after giving effect to any adjustment pursuant to the Permitted ECF
Recalculation Considerations (as defined below)) of Excess Cash Flow for such fiscal year; provided that such amount
shall be reduced, at the option of the Borrower, by the aggregate amount (other than any amount applied to reduce the
prepayment required under this clause (d) in respect of any prior year) of: (i) voluntary prepayments of Term Loans
(and, to the extent the Revolving Commitments are permanently reduced in a corresponding amount, Revolving Loans) during such
fiscal year or, at the option of the Borrower, after such fiscal year and prior to the time such prepayment is due as
provided below (provided that such reduction as a result of prepayments pursuant to Section 2.11(a)(ii) shall
be limited to the actual amount of such cash prepayment), (ii) voluntary prepayments of Indebtedness secured on a pari
passu basis with the Term Loans that are incurred under Incremental Facilities (provided that in the case of the
prepayment of any loans issued under any Additional Revolving Commitment there is a corresponding permanent reduction in such
Additional Revolving Commitment), Incremental Equivalent Debt, Credit Agreement Refinancing Indebtedness or Ratio Debt
secured on a pari passu basis with the Term Loans, in each case, during such fiscal year or, at the option of the
Borrower, after such fiscal year and prior to the time such prepayment is due as provided below (provided that such
reduction as a result of prepayments pursuant to Section 2.11(a)(ii) or similar provisions shall be limited to the
actual amount of such cash prepayment) (the aggregate amount of prepayments made pursuant to the foregoing clauses (i)
and (ii) shall be referred to as the “Voluntary Prepayment and Repurchase Amount”), (iii)
amortization payments made pursuant to Section 2.10(a), (iv) except to the extent deducted in the calculation of
Excess Cash Flow, the amount of any reduction in the outstanding amount of any Term Loans resulting from any assignment made
in accordance with Section 9.04(g) during such fiscal year or, at the option of the Borrower, after such fiscal
year and prior to the time such prepayment is due as provided below (provided that such reduction shall be limited to
the actual amount of cash paid in connection with the relevant assignment) (in each case, excluding all such prepayments
funded with the proceeds of other long-term Indebtedness (other than revolving Indebtedness)), (v) except to the extent
deducted in the calculation of Excess Cash Flow, without duplication of any Contract Consideration already deducted in a
previous Excess Cash Flow Period, capital expenditures, Permitted Acquisitions or other Investments not prohibited by this
Agreement (other than Investments among the Borrower and its Restricted Subsidiaries and Investments in cash or Permitted
Investments) during such fiscal year and, at the option of the Borrower, after fiscal year-end and prior to the date such
prepayment is due as provided below (or committed during such period to be used for such purposes within the succeeding
twelve month period, in each case subject to reversal of such deduction if any such committed amount is not actually expended
within such twelve-month period), (vi) except to the extent deducted in the calculation of Excess Cash Flow, Restricted
Payments (other than non-cash Restricted Payments, Restricted Payments made by any wholly-owned Restricted Subsidiary to its
direct parent and Restricted Payments made in reliance on clause (b) of the definition of Available Amount) and
prepayments, redemptions, purchases, defeasances and other payments in respect of any Junior Financing, in each case, during
such fiscal year or, at the option of the Borrower, after such fiscal year and prior to the time such prepayment is due as
provided below, other than any non-cash prepayments, redemptions, purchases, defeasances and other payments in respect of any
Junior Financing and any prepayments, redemptions, purchases, defeasances and other payments in respect of any Junior
Financing made pursuant to Section 6.07(b)(ii) and (iii)(1), in each case, except to the extent funded with the
proceeds of long-term Indebtedness (other than revolving Indebtedness) and (vii) transaction costs and expenses related to
items set forth in the preceding clauses (i) through (vi) (any payments described in the foregoing clauses
(i) through (vii) of this proviso that are made after the end of the applicable Excess Cash Flow Period but prior
to the making of the applicable prepayment in respect of such Excess Cash Flow Period being referred to herein as an
 “After Year End Payment”); provided that (1) an Excess Cash Flow payment pursuant to this clause (d)
shall only be required with respect to amounts in excess of $10,000,000 for any Excess Cash Flow Period (and only such excess
amount shall be applied to the payment thereof), (2) following the making of any After Year End Payment, (i) the First Lien
Leverage Ratio shall be recalculated giving Pro Forma Effect to (x) such After Year End Payment as if such payment were made
during the applicable Excess Cash Flow Period and (y) mandatory prepayments pursuant to this clause (d) otherwise
required to be made for the applicable Excess Cash Flow Period, and the ECF Percentage for purposes of making such Excess
Cash Flow prepayment shall be determined by reference to such recalculated First Lien Leverage Ratio and (ii) such After Year
End Payment shall not be applied to the calculation of the First Lien Leverage Ratio in connection with the determination of
the ECF Percentage for purposes of (and shall not reduce the required amount of any subsequent Excess Cash Flow payment in
another Excess Cash Flow Period and (3) to the extent the Voluntary Prepayment and Repurchase Amount for any Excess Cash Flow
Period exceeds the amount of Excess Cash Flow required to be prepaid with respect to such Excess Cash Flow Period, the amount
of any such excess shall be permitted to be carried forward indefinitely to reduce the amount of any future Excess Cash Flow
payment otherwise required on a dollar-for-dollar basis for any subsequent Excess Cash Flow Period (the foregoing the
 “Permitted ECF Recalculation Considerations”). Notwithstanding anything to the contrary in the foregoing,
the Borrower may use a portion of such amount of Excess Cash Flow (as so reduced) in respect of any such fiscal year that
would otherwise be required to be applied to prepay Term Loans to prepay or repurchase any other Indebtedness that is secured
by the Collateral on a pari passu basis with the Term Loans to the extent such other Indebtedness and the Liens
securing such other Indebtedness are permitted hereunder and the documentation governing such other Indebtedness requires
such a prepayment or repurchase thereof with Excess Cash Flow, in each case in an amount not to exceed the product of (A) the
amount of Excess Cash Flow (as so reduced) in respect of such fiscal year otherwise required to be applied to prepay Term
Borrowings (without giving effect to this sentence) and (B) a fraction, the numerator of which is the outstanding principal
amount of such other Indebtedness and the denominator of which is the aggregate outstanding principal amount of Term Loans
and such other Indebtedness. Each prepayment pursuant to this paragraph shall be made on or before the date that is five (5)
Business Days after the date on which financial statements are required to be delivered pursuant to Section 5.01(a)
with respect to the fiscal year for which Excess Cash Flow is being calculated.

 

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(e)                  Prior
to any optional prepayment of Borrowings pursuant to Section 2.11(a)(i), the Borrower shall select the Borrowing or Borrowings
to be prepaid and shall specify such selection in the notice of such prepayment pursuant to paragraph (f) of this
Section 2.11. In the event of any mandatory prepayment of Term Borrowings made at a time when Term Borrowings of more than
one Class remain outstanding, the Borrower shall select Term Borrowings to be prepaid so that the aggregate amount of such prepayment
is allocated between Term Borrowings (and, to the extent provided in the Refinancing Amendment for any Class of Other Term Loans,
the Borrowings of such Class) pro rata based on the aggregate principal amount of outstanding Borrowings of each such Class; provided
that any Term Lender (and, to the extent provided in the Refinancing Amendment or Loan Modification Agreement for any Class
of Other Term Loans, any Lender that holds Other Term Loans of such Class) may elect, by notice to the Administrative Agent in
writing by telecopy, electronic mail, facsimile or overnight courier at least two (2) Business Days prior to the prepayment date,
to decline all or any portion of any prepayment of its Term Loans or Other Term Loans of any such Class pursuant to this Section
2.11 (other than an optional prepayment pursuant to paragraph (a)(i) of this Section or a mandatory prepayment as a result
of the Prepayment Event set forth in clause (b) of the definition thereof, which may not be declined), in which case the aggregate
amount of the prepayment that would have been applied to prepay Term Loans or Other Term Loans of any such Class but was so declined
(and not used pursuant to the immediately following sentence) shall be retained by the Borrower and added to the Available Amount
(such amounts, “Retained Declined Proceeds”). Optional prepayments of Term Borrowings shall be allocated among
the Classes of Term Borrowings as directed by the Borrower. In the absence of a designation by the Borrower as described in the
preceding provisions of this paragraph of the Type of Borrowing of any Class, the Administrative Agent shall make such designation
in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.16; provided
that, in connection with any mandatory prepayments by the Borrower of the Term Loans pursuant to Section 2.11(c) or (d),
such prepayments shall be applied on a pro rata basis to the then outstanding Term Loans being prepaid irrespective of whether
such outstanding Term Loans are ABR Loans or Eurodollar Loans.

 

(f)                  The
Borrower shall notify the Administrative Agent of any optional prepayment pursuant to Section 2.11(a)(i) in writing by
telecopy, electronic mail, facsimile or overnight courier of any prepayment hereunder (i) in the case of prepayment of a
Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three (3) Business Days before the date of prepayment
or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one (1) Business
Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal
amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation
of the amount of such prepayment; provided that a notice of optional prepayment may state that such notice is conditional
upon the effectiveness of other credit facilities or the receipt of the proceeds from the issuance of other Indebtedness or the
occurrence of some other identifiable event or condition, in which case such notice of prepayment may be revoked by the Borrower
(by notice to the Administrative Agent on or prior to the specified date of prepayment) if such condition is not satisfied. Promptly
following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial
prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same
Type as provided in Section 2.02, except as necessary to apply fully the required amount of a mandatory prepayment.
Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied
by accrued interest to the extent required by Section 2.13, and subject to Section 2.11(a)(i), shall be without
premium or penalty. At the Borrower’s election in connection with any prepayment pursuant to this Section 2.11, such
prepayment shall not be applied to any Term Loan or Revolving Loan of a Defaulting Lender (under any of subclauses (a),
(b) or (c) of the definition of “Defaulting Lender”) and shall be allocated ratably among the relevant
non-Defaulting Lenders.

 

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(g)                Notwithstanding
any other provisions of Section 2.11(c) or (d), (A) to the extent that any of or all the Net Proceeds of any
Prepayment Event set forth in clause (a) of the definition thereof by a Foreign Subsidiary giving rise to a
prepayment pursuant to Section 2.11(c) (a “Foreign Prepayment Event”) or Excess Cash Flow of a
Foreign Subsidiary giving rise to a payment pursuant to Section 2.11(d) are prohibited by, would violate or conflict
with, or be delayed by, applicable local law from being repatriated to the Borrower, the portion of such Net Proceeds or
Excess Cash Flow so affected will not be required to be applied to repay Term Loans at the times provided in Section
2.11(c) or (d), as the case may be, and such amounts may be retained by such Subsidiary so long, but only so long,
as the Borrower determined in good faith that the applicable local law will not permit repatriation to the Borrower and once
the Borrower has determined in good faith that such repatriation of any of such affected Net Proceeds or Excess Cash Flow is
permitted under the applicable local law, such repatriation will be effected as soon as practicable and such repatriated Net
Proceeds or Excess Cash Flow will be applied (net of additional taxes payable or reserved against as a result thereof) to the
repayment of the Term Loans pursuant to Section 2.11(c) or (d), as applicable, (B) to the extent that and for
so long as the Borrower has determined in good faith that repatriation of any of or all the Net Proceeds of any Foreign
Prepayment Event or Excess Cash Flow would have a material adverse tax or cost consequence with respect to such Net Proceeds
or Excess Cash Flow, the Net Proceeds or Excess Cash Flow so affected will not be required to be applied to repay Term Loans
at the times provided in Section 2.11(c) or Section 2.11(d), as the case may be, and such amounts may be
retained by such Subsidiary; provided that when the Borrower determines in good faith that repatriation of any of or
all the Net Proceeds of any Foreign Prepayment Event or Excess Cash Flow would no longer have a material adverse tax
consequence with respect to such Net Proceeds or Excess Cash Flow, such Net Proceeds or Excess Cash Flow shall be applied
(net of additional taxes payable or reserved against as a result thereof) to the repayment of the Term Loans pursuant to Section
2.11(c) or Section 2.11(d), as applicable, and (C) to the extent that and for so long as the Borrower has
determined in good faith that repatriation of any of or all the Net Proceeds of any Foreign Prepayment Event or Excess Cash
Flow would conflict with the fiduciary duties of a Subsidiary’s directors, or result in, or could reasonably be
expected to result in, a material risk of personal or criminal liability for any officer, director, employee, manager, member
or management or consultant of such Subsidiary, the Net Proceeds or Excess Cash Flow so affected will not be required to be
applied to repay Term Loans at the times provided in Section 2.11(c) or Section 2.11(d), as the case may be,
and such amounts may be retained by such Subsidiary.

 

SECTION 2.12              
Fees.

 

(a)               
The Borrower agrees to pay to the Administrative Agent in dollars for the account of each Revolving Lender a commitment
fee, which shall accrue at the rate of the Commitment Fee Percentage per annum on the average daily unused amount of the Revolving
Commitment of such Lender during the period from and including the Effective Date to but excluding the date on which the Revolving
Commitments terminate. Accrued commitment fees shall be payable in arrears on the last day of November, February, May and August
of each year and on the date on which the Revolving Commitments terminate, commencing on the first such date to occur after the
Effective Date. All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number
of days elapsed (including the first day but excluding the last day). For purposes of computing commitment fees, a Revolving Commitment
of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender.

 

(b)                The
Borrower agrees to pay (i) to the Administrative Agent in dollars for the account of each Revolving Lender (other than any
Defaulting Lender) a participation fee with respect to its participations in Letters of Credit, which shall accrue at the
Applicable Rate used to determine the interest rate applicable to Eurodollar Revolving Loans on the daily amount of such
Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements but taking into
account the maximum amount available to be drawn under all outstanding Letters of Credit, whether or not such maximum amount
is then in effect) during the period from and including the Effective Date to and including the later of the date on which
such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and
(ii) to each Issuing Bank in dollars a fronting fee equal to 0.125% per annum on the daily amount of the LC Exposure
attributable to Letters of Credit issued by such Issuing Bank (excluding any portion thereof attributable to unreimbursed LC
Disbursements but taking into account the maximum amount available to be drawn under all outstanding Letters of Credit,
whether or not such maximum amount is then in effect) during the period from and including the Effective Date to and
including the later of the date of termination of the Revolving Commitments and the date on which there ceases to be any LC
Exposure, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of
any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through and including
the last day of November, February, May and August of each year shall be payable on the last day of November, February, May
and August, respectively, commencing on the first such date to occur after the Effective Date; provided that all such
fees shall be payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on
which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to an Issuing Bank pursuant to
this paragraph shall be payable within ten (10) days after demand. All participation fees and fronting fees shall be computed
on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but
excluding the last day).

 

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

 

(d)               
Notwithstanding the foregoing, and subject to Section 2.22, the Borrower shall not be obligated to pay any amounts
to any Defaulting Lender pursuant to this Section 2.12.

 

SECTION 2.13              
Interest.

 

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

 

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

 

(c)               
Notwithstanding the foregoing, if upon the occurrence and during the continuance of any Event of Default under paragraph
(a), (b), (h) or (i) of Section 7.01 any principal of or interest on any Loan or any fee or
other amount payable by any Loan Party under a Loan Document is not paid when due, whether at stated maturity, upon acceleration
or otherwise, all overdue principal amounts of the Loans shall bear interest, after as well as before judgment, at a rate per annum
equal to (i) in the case of the principal of any Loan, 2.00% per annum plus the rate otherwise applicable to such Loan as
provided in the preceding paragraphs of this Section 2.13 or (ii) in the case of any other amount, 2.00% per annum
plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section 2.13; provided that
no amount shall be payable pursuant to this Section 2.13(c) to a Defaulting Lender so long as such Lender shall be a Defaulting
Lender; provided, further that no amounts shall accrue pursuant to this Section 2.13(c) on any overdue amount,
reimbursement obligation in respect of any LC Disbursement or other amount payable to a Defaulting Lender so long as such Lender
shall be a Defaulting Lender.

 

(d)                 Accrued
interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, in the case of Revolving Loans,
upon termination of the Revolving Commitments, provided that (i) interest accrued pursuant to paragraph (c)
of this Section 2.13 shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan
(other than a prepayment of an ABR Revolving Loan prior to the end of the Revolving Availability Period), accrued interest on
the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event
of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan
shall be payable on the effective date of such conversion.

 

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

 

SECTION 2.14              
Alternate Rate of Interest.

 

(a)                 If
prior to the commencement of any Interest Period for a Eurodollar Borrowing:

 

(1)                 the
Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means
do not exist for ascertaining the Adjusted LIBO Rate of the LIBO Rate, as applicable (including because the LIBO Screen Rate is
not available or published on a current basis), for such Interest Period; provided that no Benchmark Transition Event shall
have occurred at such time; or

 

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

 

then in each such case, the Administrative Agent shall give notice thereof to the
Borrower and the Lenders in writing by telecopy, electronic mail, facsimile or overnight courier as promptly as practicable thereafter
and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no
longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any
Borrowing as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Borrowing,
then such Borrowing shall be made as an ABR Borrowing; provided, however, that, in each case, the Borrower may revoke
any Borrowing Request that is pending when such notice is received.

 

(b)               
Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark
Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred prior to
the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in
accordance with clause (1) or (2) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date,
such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such
Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to,
this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (3) of the
definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace
such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m.
(New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders
without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long
as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders
comprising the Required Lenders of each Class.

 

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

 

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(d)               
Notices; Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower and
the Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark
Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming
Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (d) below and (v) the commencement or
conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative
Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.14, including any determination with
respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision
to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made
in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except,
in each case, as expressly required pursuant to this Section 2.14.

 

(e)               
Unavailability of Tenor of Benchmark. Notwithstanding anything to the contrary herein or in any other Loan Document,
at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is
a term rate (including Term SOFR or USD LIBOR) and either (A) any tenor for such Benchmark is not displayed on a screen or other
information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion
or (B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information
announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the
definition of “Interest Period” for any Benchmark settings at or after such time to remove such unavailable or non-representative
tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information
service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it
is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify
the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously removed
tenor.

 

(f)                
Benchmark Unavailability Period. Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability
Period, the Borrower may revoke any request for a Eurodollar Borrowing of, conversion to or continuation of Eurodollar Loans to
be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have
converted any such request into a request for a Borrowing of or conversion to ABR Loans. During any Benchmark Unavailability Period
or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Alternate Base Rate based
upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Alternate
Base Rate.

 

(g)               
Certain Defined Terms. As used in this Section 2.14:

 

“Available Tenor” means,
as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark or
payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining
the length of an Interest Period pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any
tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to clause (d) of this
Section 2.14.

 

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“Benchmark” means, initially,
USD LIBOR; provided that if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark
Replacement Date have occurred with respect to USD LIBOR or the then-current Benchmark, then “Benchmark” means the
applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant
to clause (a) of this Section 2.14.

 

“Benchmark Replacement”
means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative
Agent for the applicable Benchmark Replacement Date:

 

(1) the sum of: (a) Term SOFR
and (b) the related Benchmark Replacement Adjustment;

 

(2) the sum of: (a) Daily Simple
SOFR and (b) the related Benchmark Replacement Adjustment;

 

(3) the sum of: (a) the alternate
benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement for the then-current Benchmark
for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark
rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market
convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S. dollar-denominated syndicated
credit facilities at such time and (b) the related Benchmark Replacement Adjustment;

 

provided that, in the case of clause
(1), such Unadjusted Benchmark Replacement is displayed on a screen or other information service that publishes such rate from
time to time as selected by the Administrative Agent in its reasonable discretion. If the Benchmark Replacement as determined pursuant
to clause (1), (2) or (3) above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the
purposes of this Agreement and the other Loan Documents.

 

“Benchmark Replacement Adjustment”
means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable
Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

 

(1) for purposes of clauses
(1) and (2) of the definition of “Benchmark Replacement,” the first alternative set forth in the order below that can
be determined by the Administrative Agent:

 

(a) the spread adjustment, or
method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) as of the Reference
Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant Governmental
Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable Corresponding
Tenor;

 

(b) the spread adjustment (which
may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest
Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon
an index cessation event with respect to such Benchmark for the applicable Corresponding Tenor; and

 

(2) for purposes of clause
(3) of the definition of “Benchmark Replacement,” the spread adjustment, or method for calculating or determining
such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative
Agent and the Borrower for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation
of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such
Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark
Replacement Date or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for
calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted
Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities;

 

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provided that, in the case of clause
(1) above, such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement Adjustment
from time to time as selected by the Administrative Agent in its reasonable discretion.

 

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

 

“Benchmark Replacement Date”
means the earliest to occur of the following events with respect to the then-current Benchmark:

 

(1) in the case of clause (1)
or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication
of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used
in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component
thereof);

 

(2) in the case of clause (3)
of the definition of “Benchmark Transition Event,” the date of the public statement or publication of information referenced
therein; or

 

(3) in the case of an Early
Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so
long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the
date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election
from Lenders comprising the Required Lenders.

 

For the avoidance of doubt, (i) if the
event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect
of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination
and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1) or (2) with respect
to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available
Tenors of such Benchmark (or the published component used in the calculation thereof).

 

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

 

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

 

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

 

(3) a public statement or publication
of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation
thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer representative.

 

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

 

“Benchmark Unavailability Period”
means the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to clauses (1) or (2) of that definition
has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and
under any Loan Document in accordance with this Section 2.14 and (y) ending at the time that a Benchmark Replacement has
replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with this Section 2.14.

 

“Corresponding Tenor”
with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having
approximately the same length (disregarding business day adjustment) as such Available Tenor.

 

“Daily Simple SOFR”
means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative
Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining
 “Daily Simple SOFR” for business loans; provided, that if the Administrative Agent decides that any such convention
is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in
its reasonable discretion.

 

“Early Opt-in Election”
means, if the then-current Benchmark is USD LIBOR, the occurrence of:

 

(1) a notification by the
Administrative Agent to (or the request by the Borrower to the Administrative Agent to notify) each of the other parties
hereto that at least five currently outstanding U.S. dollar-denominated syndicated credit facilities at such time contain (as
a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon
SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for
review), and

 

    -99-

     

    

 

(2) the joint election by the
Administrative Agent and the Borrower to trigger a fallback from USD LIBOR and the provision by the Administrative Agent of written
notice of such election to the Lenders.

 

“Floor” means the benchmark
rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or
renewal of this Agreement or otherwise) with respect to USD LIBOR.

 

“ISDA Definitions” means
the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended
or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time
by the International Swaps and Derivatives Association, Inc. or such successor thereto.

 

“Reference Time” with
respect to any setting of the then-current Benchmark means (1) if such Benchmark is USD LIBOR, 11:00 a.m. (London time) on the
day that is two London banking days preceding the date of such setting, and (2) if such Benchmark is not USD LIBOR, the time determined
by the Administrative Agent in its reasonable discretion.

 

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

 

“SOFR” means, with respect
to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the SOFR
Administrator on the SOFR Administrator’s Website at approximately 8:00 a.m. (New York City time) on the immediately succeeding
Business Day.

 

“SOFR Administrator”
means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

 

“SOFR Administrator’s Website”
means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor source for
the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

 

“Term SOFR” means, for
the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been
selected or recommended by the Relevant Governmental Body.

 

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

 

“USD LIBOR” means the
London interbank offered rate for dollars.

 

SECTION 2.15              
Increased Costs.

 

(a)               
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 by, any Lender or any Issuing Bank (except any such
reserve requirement reflected in the Adjusted LIBO Rate);

 

    -100-

     

    

 

(ii)              
subject the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on
account of any obligation of any Loan Party hereunder or under any other Loan Document to any Taxes (other than Indemnified Taxes,
Other Taxes or Excluded Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits,
reserves, other liabilities or capital attributable thereto; or

 

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

 

and the result of any of the foregoing
shall be to increase the cost to such Lender of making or maintaining any Eurodollar Loan (or of maintaining its obligation to
make any such Loan) or to increase the cost to such Lender or Issuing Bank of participating in, issuing or maintaining any Letter
of Credit (or of maintaining its obligation to participate in or issue any Letter of Credit) or to reduce the amount of any sum
received or receivable by such Lender or Issuing Bank hereunder (whether of principal, interest or otherwise), then, from time
to time upon request of such Lender or Issuing Bank, the Borrower will pay to such Lender or Issuing Bank, as the case may be,
such additional amount or amounts as will compensate such Lender or Issuing Bank, as the case may be, for such increased costs
actually incurred or reduction actually suffered; provided that the Borrower shall not be liable for such compensation if,
in the case of requests for reimbursement under clause (ii) above resulting from a market disruption, (A) the relevant circumstances
are not generally affecting the banking market or (B) the applicable request has not been made by (1) the Majority in Interest
of Term Lenders with respect to Term Loans or (2) Majority in Interest of Revolving Lenders with respect to Revolving Loans; provided,
further, that to the extent any such costs or reductions are incurred by any Lender as a result of any requests, rules, guidelines
or directives enacted or promulgated under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and Basel III,
then such Lender shall be compensated pursuant to this Section 2.15(a) only to the extent such Lender is imposing such
charges on similarly situated borrowers where the terms of other syndicated credit facilities permit it to impose such charges.

 

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

 

(c)               
A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or
Issuing Bank or its holding company in reasonable detail, as the case may be, as specified in paragraph (a) or (b)
of this Section 2.15 delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender
or Issuing Bank, as the case may be, the amount shown as due on any such certificate within fifteen (15) days after receipt
thereof.

 

    -101-

     

    

 

(d)               
 Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section 2.15
shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided
that the Borrower shall not be required to compensate a Lender or Issuing Bank pursuant to this Section 2.15 for any increased
costs incurred or reductions suffered more than one hundred and eighty (180) days prior to the date that such Lender or Issuing
Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such
Lender’s or Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in
Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended
to include the period of retroactive effect thereof.

 

SECTION 2.16              
Break Funding Payments.

 

In the event of (a) the
payment of any principal of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto (including
as a result of an Event of Default), (b) the conversion of any Eurodollar Loan other than on the last day of the Interest
Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Revolving Loan or Term Loan on the date
specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.11(f)
and is revoked in accordance therewith) or (d) the assignment of any Eurodollar Loan other than on the last day of the Interest
Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.19 or Section 9.02(c),
then, in any such event, the Borrower shall, after receipt of a written request by any Lender affected by any such event (which
request shall set forth in reasonable detail the basis for requesting such amount), compensate each Lender for the loss, cost and
expense (excluding loss of profit) actually incurred by it as a result of such event. Such loss, cost or expense shall in no event
exceed that which would have been incurred by such Lender had it funded each Eurodollar Loan made by it at the Adjusted LIBO Rate
for such Loan by a matching deposit or other borrowing in the applicable interbank eurodollar market for a comparable amount and
for a comparable period, whether or not such Eurodollar Loan was in fact so funded. A certificate of any Lender setting forth in
reasonable detail any amount or amounts that such Lender is entitled to receive pursuant to this Section 2.16 and the reasons
therefor delivered to the Borrower shall be prima facie evidence of such amounts. The Borrower shall pay such Lender the amount
shown as due on any such certificate within fifteen (15) days after receipt of such demand. Notwithstanding the foregoing, this
Section 2.16 will not apply to losses, costs or expenses resulting from Taxes, as to which Section 2.17 shall govern.
Notwithstanding the foregoing, no Lender shall demand compensation pursuant to this Section 2.16 if it shall not at the
time be the general policy or practice of such Lender to demand such compensation in similar circumstances under comparable provisions
of other credit agreements.

 

SECTION 2.17              
Taxes.

 

(a)               
Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made free and
clear of and without deduction for any Taxes, except as required by applicable Requirements of Law. If the applicable withholding
agent shall be required by applicable Requirements of Law (as determined in the good faith discretion of the applicable withholding
agent) to deduct any Taxes from such payments, then the applicable withholding agent shall make such deductions and shall timely
pay the full amount deducted to the relevant Governmental Authority in accordance with applicable Requirements of Law, and if such
Taxes are Indemnified Taxes or Other Taxes, then the amount payable by the applicable Loan Party shall be increased as necessary
so that after all such required deductions have been made (including such deductions applicable to additional amounts payable under
this Section 2.17), each Lender (or, in the case of a payment made to the Administrative Agent for its own account, the
Administrative Agent) receives an amount equal to the sum it would have received had no such deductions been made.

 

    -102-

     

    

 

(b)               
 Without duplication of any amounts described in paragraph (a) above, the Borrower shall timely pay any Other Taxes
to the relevant Governmental Authority in accordance with Requirements of Law.

 

(c)               
The Borrower shall indemnify the Administrative Agent and each Lender within thirty (30) days after written demand therefor,
for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent or such Lender as the case may be,
on or with respect to any payment by or on account of any obligation of any Loan Party under any Loan Document and any Other Taxes
paid by the Administrative Agent or such Lender, as the case may be (including Indemnified Taxes or Other Taxes imposed or asserted
on or attributable to amounts payable under this Section 2.17) and any reasonable expenses arising therefrom or with respect
thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate setting forth in reasonable detail the basis and calculation of the amount of such payment or liability
delivered to the Borrower by a Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive
absent manifest error.

 

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

 

(e)               
Each Lender shall, at such times as are reasonably requested by Borrower or the Administrative Agent, provide Borrower and
the Administrative Agent with any properly completed and executed documentation prescribed by any Requirement of Law, or reasonably
requested by Borrower or the Administrative Agent, certifying as to any entitlement of such Lender to an exemption from, or reduction
in, any withholding Tax with respect to any payments to be made to such Lender under the Loan Documents. Each such Lender shall,
whenever a lapse in time or change in circumstances renders any such documentation expired, obsolete or inaccurate in any respect
(including any specific documentation required below in this Section 2.17(e)), deliver promptly to Borrower and the Administrative
Agent updated or other appropriate documentation (including any new documentation reasonably requested by the applicable withholding
agent) or promptly notify Borrower and the Administrative Agent in writing of its legal ineligibility to do so. Unless the applicable
withholding agent has received forms or other documents satisfactory to it indicating that payments under any Loan Document to
or for a Lender are not subject to withholding tax or are subject to Tax at a rate reduced by an applicable tax treaty, Borrower,
Administrative Agent or other applicable withholding agent shall withhold amounts required to be withheld by applicable law from
such payments at the applicable statutory rate.

 

Without limiting the
generality of the foregoing:

 

(i)                
Each Lender that is a United States person (as defined in Section 7701(a)(30) of the Code) shall deliver to Borrower and
the Administrative Agent on or before the date on which it becomes a party to this Agreement (and from time to time thereafter
upon the reasonable request of the Borrower or the Administrative Agent) two properly completed and duly signed copies of Internal
Revenue Service Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal backup withholding.

 

(ii)               Each
Lender that is not a United States person (as defined in Section 7701(a)(30) of the Code) (such Lender, a “Foreign
Lender”) shall deliver (to the extent it is legally entitled to do so) to Borrower and the Administrative Agent on
or before the date on which it becomes a party to this Agreement (and from time to time thereafter upon the reasonable
request of Borrower or the Administrative Agent) whichever of the following is applicable:

 

    -103-

     

    

 

(A)             
in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x)
with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E establishing
an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty
and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E establishing
an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other
income” article of such tax treaty,

 

(B)             
 two properly completed and duly signed copies of Internal Revenue Service Form W-8ECI (or any successor forms),

 

(C)             
in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or Section
881(c) of the Code, (x) two properly completed and duly signed certificates, substantially in the form of Exhibit Q
to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10
percent shareholder” of such Borrower within the meaning of Section 871(h)(3)(B) of the Code, or a “controlled foreign
corporation” related to such Borrower as described in Section 881(c)(3)(C) of the Code (any such certificate a “United
States Tax Compliance Certificate”), and (y) two properly completed and duly signed copies of Internal Revenue Service
Form W-8BEN or W-8BEN-E, as applicable (or any successor forms),

 

(D)             
to the extent a Foreign Lender is not the beneficial owner (for example, where the Lender is a partnership or a participating
Lender), two properly completed and duly signed copies of Internal Revenue Service Form W-8IMY (or any successor forms) of the
Foreign Lender, accompanied by a Form W-8ECI, W-8BEN or W-8BEN-E, United States Tax Compliance Certificate, Form W-9, Form W-8IMY
(or other successor forms) or any other required information from each beneficial owner, as applicable (provided that, if
the Lender is a partnership and one or more direct or indirect partners are claiming the portfolio interest exemption, the United
States Tax Compliance Certificate may be provided by such Lender on behalf of such direct or indirect partner(s)), or

 

(E)              
any other form prescribed by applicable Requirements of Law as a basis for claiming exemption from or a reduction in U.S.
federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable Requirements
of Law to permit Borrower and the Administrative Agent to determine the withholding or deduction required to be made.

 

(iii)             If
a payment made to any 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 Borrower and the Administrative Agent at the
time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent
such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the
Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine whether such Lender has or
has not complied with such Lender’s obligations under FATCA and to determine the amount, if any, to deduct and withhold
from such payment. Solely for purposes of this clause (iii), “FATCA” shall include any amendments made to
FATCA after the date of this Agreement.

 

    -104-

     

    

 

(f)                
If the Administrative Agent or a Lender determines, in its sole discretion exercised in good faith, that it has received
a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified pursuant to this Section 2.17 or with
respect to which additional amounts have been paid pursuant to this Section 2.17, it shall pay over such refund to the Borrower
(but only to the extent of indemnity payments made, or additional amounts paid, under this Section 2.17 with respect to
the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of the Administrative
Agent or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to
such refund); provided that the Borrower, upon the request of the Administrative Agent or such Lender, agrees promptly to
repay the amount paid over to the Borrower pursuant to this Section 2.17(f) (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. The Administrative Agent or such Lender, as the
case may be, shall, at the Borrower’s request, provide the Borrower with a copy of any notice of assessment or other evidence
of the requirement to repay such refund received from the relevant taxing authority (provided that the Administrative Agent
or such Lender may delete any information therein that the Administrative Agent or such Lender deems confidential). Notwithstanding
anything to the contrary in this Section 2.17(f), in no event will the Administrative Agent or any Lender be required to
pay any amount to the Borrowers pursuant to this Section 2.17(f) the payment of which would place the Administrative Agent
or such Lender in a less favorable net after-Tax position than the Administrative Agent or such Lender would have been in if the
Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification
payments or additional amounts with respect to such Tax had never been paid. Notwithstanding anything to the contrary, this Section
2.17(f) shall not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any
other information relating to Taxes which it deems confidential) to any Loan Party or any other person.

 

(g)               
The agreements in this Section 2.17 shall survive the resignation or replacement of the Administrative Agent or any
assignment of rights by, or the replacement of, a Lender, the termination of this Agreement and the payment of the Loans and all
other amounts payable hereunder.

 

(h)               
For purposes of this Section 2.17, the term “Lender” shall include any Issuing Bank and the term “applicable
Requirements of Law” includes FATCA.

 

SECTION 2.18              
Payments Generally; Pro Rata Treatment; Sharing of Setoffs.

 

    -105-

     

    

 

(a)                The
Borrower shall make each payment required to be made by it under any Loan Document (whether of principal, interest, fees or
reimbursement of LC Disbursements, or of amounts payable under Sections 2.15, 2.16 or 2.17, or
otherwise) prior to the time expressly required hereunder or under such other Loan Document for such payment (or, if no such
time is expressly required, prior to 2:00 p.m., New York City time), on the date when due, in immediately available funds,
without condition or deduction for any counterclaim, recoupment or setoff. Any amounts received after such time on any date
may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for
purposes of calculating interest thereon. All such payments shall be made to such account as may be specified by the
Administrative Agent, except payments to be made directly to any Issuing Bank shall be made as expressly provided herein and
except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to the
Persons entitled thereto and payments pursuant to other Loan Documents shall be made to the Persons specified therein. The
Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate
recipient promptly following receipt thereof. Except as otherwise provided herein, if any payment under any Loan Document
shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day.
If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be
extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another
calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any
payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable rate
for the period of such extension. All payments or prepayments of any Loan shall be made in dollars, all reimbursements of any
LC Disbursements shall be made in dollars, all payments of accrued interest payable on a Loan or LC Disbursement shall be
made in dollars, and all other payments under each Loan Document shall be made in dollars.

 

(b)               
If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of
principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first,
towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts
of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements
then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC
Disbursements then due to such parties.

 

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

 

    -106-

     

    

 

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

 

(e)               
If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(e) or Section
2.05(f), Section 2.06(a) or Section 2.06(b), Section 2.18(d) or Section 9.03(c), then the Administrative
Agent may, in its discretion and in the order determined by the Administrative Agent (notwithstanding any contrary provision hereof),
(i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s
obligations under such Section until all such unsatisfied obligations are fully paid and/or (ii) hold any such amounts in a segregated
account as cash collateral for, and to be applied to, any future funding obligations of such Lender under any such Section.

 

SECTION 2.19              
Mitigation Obligations; Replacement of Lenders.

 

(a)               
If any Lender requests compensation under Section 2.15, or if the Borrower is required to pay any additional amount
to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17 or any event gives rise
to the operation of Section 2.23, then such Lender shall (at the request of the Borrower) use reasonable efforts to designate
a different lending office for funding or booking its Loans hereunder or its participation in any Letter of Credit affected by
such event, or to assign and delegate its rights and obligations hereunder to another of its offices, branches or Affiliates, if,
in the judgment of such Lender, such designation or assignment and delegation (i) would eliminate or reduce amounts payable pursuant
to Sections 2.15 or 2.17 or mitigate the applicability of Section 2.23, as the case may be, and (ii) would
not subject such Lender to any unreimbursed cost or expense reasonably deemed by such Lender to be material and would not be inconsistent
with the internal policies of, or otherwise be disadvantageous in any material economic, legal or regulatory respect to, such Lender.

 

(b)                If
(i) any Lender requests compensation under Section 2.15 or gives notice under Section 2.23, (ii) the Borrower
is required to pay any additional amount to any Lender or to any Governmental Authority for the account of any Lender
pursuant to Section 2.17 or (iii) any Lender is a Defaulting Lender, then the Borrower may, at its sole expense and
effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse
(in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights and
obligations under this Agreement and the other Loan Documents to an Eligible Assignee that shall assume such obligations
(which assignee may be another Lender, if a Lender accepts such assignment and delegation); provided that (A) the
Borrower shall have received the prior written consent of the Administrative Agent to the extent such consent would be
required under Section 9.04(b) for an assignment of Loans or Commitments, as applicable (and if a Revolving Commitment
is being assigned and delegated, each Issuing Bank), which consents, in each case, shall not unreasonably be withheld or
delayed, (B) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and
unreimbursed participations in LC Disbursements, accrued but unpaid interest thereon, accrued but unpaid fees and all other
amounts payable to it hereunder from the assignee (to the extent of such outstanding principal and accrued interest and fees)
or the Borrower (in the case of all other amounts), (C) the Borrower or such assignee shall have paid (unless waived) to the
Administrative Agent the processing and recordation fee specified in Section 9.04(b)(ii) and (D) in the case of any
such assignment resulting from a claim for compensation under Section 2.15, or payments required to be made pursuant
to Section 2.17 or a notice given under Section 2.23, such assignment will result in a material reduction in
such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto,
as a result of a waiver by such Lender or otherwise (including as a result of any action taken by such Lender under paragraph (a)
above), the circumstances entitling the Borrower to require such assignment and delegation cease to apply. Each party hereto
agrees that an assignment required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption
executed by the Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment need
not be a party thereto.

 

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SECTION 2.20              
Incremental Credit Extensions.

 

(a)               
The Borrower may at any time or from time to time on one or more occasions after the Effective Date, by written notice delivered
to the Administrative Agent request (i) add one or more additional Classes of term loans or additional term loans of the same Class
as any existing Class of term loans (an “Incremental Term Facility”) and/or increase the principal amount of
the Term Loans by requesting new term loan commitments to be added to such Loans (an “Incremental Term Increase”,
and together with any Incremental Term Facility, the “Incremental Term Loans”), (ii) one or more increases in
the amount of the Revolving Commitments of any Class (each such increase, an “Incremental Revolving Commitment Increase”)
and/or (iii) one or more additional tranches of revolving commitments (the “Additional Revolving Commitments”
and, together with the Incremental Term Loans and the Incremental Revolving Commitment Increase, the “Incremental Facilities”);
provided that, at the time that any such Incremental Term Loan, Incremental Revolving Commitment Increase or Additional
Revolving Commitment is made or effected, no Event of Default (except, in the case of the incurrence or provision of any Incremental
Facility in connection with a Limited Condition Acquisition, no Event of Default pursuant to Sections 7.01(a), (b),
(h) or (i)) shall have occurred and be continuing. Notwithstanding anything to contrary herein, the aggregate principal
amount of the Incremental Facilities that can be incurred at any time shall not exceed the Incremental Cap at such time. Each Incremental
Facility shall be in a minimum principal amount of $2,000,000 and integral multiples of $500,000 in excess thereof if such Incremental
Facilities are denominated in dollars (unless the Borrower and the Administrative Agent otherwise agree); provided that
such amount may be less than $2,000,000 if such amount represents all the remaining availability under the aggregate principal
amount of Incremental Facilities set forth above.

 

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(b)                (i)
The Incremental Term Loans (a) shall rank equal in right of payment with the Term Loans, shall be secured only by the
Collateral securing the Secured Obligations, shall be secured by the Collateral on a pari passu basis with the Credit
Facilities, and shall not be guaranteed by any Person which is not a Loan Party, (b) shall not mature earlier than the Term
Maturity Date with respect to the Initial Term Loans (except in the case of bridge loans the terms of which provide for an
automatic extension of the maturity date thereof, subject to customary conditions, to a date that is not earlier than the
Term Maturity Date respect to the Initial Term Loans), (c) shall not have a shorter Weighted Average Life to Maturity (except
in the case of bridge loans the terms of which provide for an automatic extension of the maturity date thereof, subject to
customary conditions, to a date that is not earlier than the Term Maturity Date applicable to the then-existing Term Loans)
than the remaining Term Loans, (d) shall have a maturity date (subject to clause (b)), an amortization schedule
(subject to clause (c)), and interest rates (including through fixed interest rates), interest margins, rate floors,
upfront fees, funding discounts, original issue discounts and prepayment terms and premiums for the Incremental Term Loans as
determined by the Borrower and the Additional Term Lenders thereunder; provided that in the event that the Effective
Yield for any Incremental Term Loans that are secured by the Collateral on a pari passu basis with the Secured
Obligations (other than any Incremental Term Loans with a maturity date more than two years after the Term Maturity Date with
respect to the Initial Term Loans) is greater than the Effective Yield for any Class of Term Loans by more than the MFN
Cushion, then the Effective Yield for each such Class of Term Loans shall be increased to the extent necessary so that the
Effective Yield for each such Class of Term Loans are equal to the Effective Yield for the Incremental Term Loans minus
the MFN Cushion (provided that the “LIBOR floor” applicable to the outstanding Term Loans shall be increased to
an amount not to exceed the “LIBOR floor” applicable to such Incremental Term Loans prior to any increase in the
Applicable Rate applicable to such Term Loans then outstanding) (any required adjustment to the Effective Yield described in
this clause (d) shall be referred to herein as an “MFN Adjustment”), (e) other than with respect to
Credit Agreement Refinancing Indebtedness shall not participate on a greater than pro rata basis than the Initial Term Loans
with respect to any mandatory prepayment (other than any scheduled amortization payment) provided that the Borrower and the
lenders providing the relevant Incremental Term Loans shall be permitted, in their sole discretion, to elect to prepay or
receive, as applicable, any such prepayment on a less than pro rata basis and (f) may otherwise have terms and conditions
different from those of the Term Loans (including currency denomination); provided that except with respect to matters
contemplated by clauses (b), (c), (d) and (e) above, the covenants, events of default and guarantees of any
such Incremental Term Loans shall not be materially more restrictive to the Borrower, when taken as a whole, than the terms
of the Initial Term Loans, unless (1) the Lenders under the Term Loans also receive the benefit of such more restrictive
terms (together with, at the election of the Borrower, any applicable “equity cure” provisions with respect to
any financial maintenance covenant) (it being understood to the extent that any covenant is added for the benefit of any such
Incremental Facility, no consent shall be required from the Administrative Agent or any Lender to the extent that such
covenant is also added for the benefit of any corresponding existing Term Loans), (2) any such provisions apply after the
Latest Maturity Date at the time of incurrence of such Incremental Facility, (3) such terms are on market terms at the time
of establishment of such Incremental Term Facility, as determined in good faith by the Borrower or (4) such terms shall be
reasonably satisfactory to the Administrative Agent and the Borrower; provided further that in no event shall it be a
condition to the effectiveness of, or borrowing under, any such Incremental Term Loans that any representation or warranty of
any Loan Party set forth herein (other than “specified representations”) be true and correct, except and solely
to the extent required by the Additional Term Lenders providing such Incremental Term Loans.

 

(ii)              
Any Incremental Revolving Commitment Increase shall be treated the same as the Class of Revolving Commitments being increased
(including with respect to the maturity date thereof and scheduled or mandatory prepayment or commitment reductions) and shall
be considered to be part of the Class of Revolving Loans being increased (it being understood that, if required to consummate an
Incremental Revolving Commitment Increase, the pricing, interest rate margins, rate floors and undrawn commitment fees on the Class
of Revolving Commitments being increased may be increased and additional upfront or similar fees may be payable to the lenders
providing the Incremental Revolving Commitment Increase (without any requirement to pay such fees to any existing Revolving Lenders)).

 

(iii)             Any
Additional Revolving Commitments (a) shall rank equal or subordinate in right of payment with the initial Revolving Loans,
shall be secured only by the Collateral securing the Secured Obligations, shall be secured by the Collateral on a pari
passu basis with the Credit Facilities, and shall not be guaranteed by any Person that is not a Loan Party, (b) shall not
mature earlier than the Revolving Maturity Date with respect to the Initial Revolving Loans, (c) shall not require any
scheduled or mandatory prepayment or commitment reduction prior to the Revolving Maturity Date, (d) other than with respect
to Credit Agreement Refinancing Indebtedness shall not participate on a greater than pro rata basis than the initial
Revolving Commitments with respect to any mandatory prepayment or commitment reduction, provided that the Borrower and the
lenders providing the relevant Additional Revolving Commitments shall be permitted, in their sole discretion, to elect to
prepay or receive, as applicable, any such prepayment or commitment reduction on a less than pro rata basis and (e) may
otherwise have terms and conditions different from those of the Revolving Loans (including currency denomination); provided
that except with respect to matters contemplated by clauses (b), (c),(d) and (e) above, the covenants,
events of default and guarantees of any such Additional Revolving Commitments shall not be materially more restrictive to the
Borrower, when taken as a whole, than the terms of the initial Revolving Commitments, unless (1) the Lenders with initial
Revolving Commitments also receive the benefit of such more restrictive terms (together with, at the election of the
Borrower, any applicable “equity cure” provisions with respect to any financial maintenance covenant) (it being
understood to the extent that any covenant is added for the benefit of any such Additional Revolving Commitments, no consent
shall be required from the Administrative Agent or any Lender to the extent that such covenant is also added for the benefit
of any corresponding initial Revolving Commitments), (2) any such provisions apply after the Latest Maturity Date at the time
of incurrence of such Incremental Facility, (3) such terms are on market terms at the time of establishment of such
Additional Revolving Commitments, as determined in good faith by the Borrower or (4) such terms shall be reasonably
satisfactory to the Administrative Agent and the Borrower; provided further that in no event shall it be a condition
to the effectiveness of, or borrowing under, any such Additional Revolving Commitments that any representation or warranty of
any Loan Party set forth herein (other than “specified representations”) be true and correct, except and solely
to the extent required by the Lenders providing such Additional Revolving Commitments.

 

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(c)               
Each notice from the Borrower pursuant to this Section shall set forth the requested amount of the relevant Incremental
Facility.

 

(d)               
Commitments in respect of any Incremental Facility shall become Commitments (or in the case of an Incremental Revolving
Commitment Increase to be provided by an existing Lender with a Revolving Commitment, an increase in such Lender’s applicable
Revolving Commitment) under this Agreement pursuant to an amendment (an “Incremental Facility Amendment”) to
this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Lender agreeing to provide such Commitment,
if any, each Additional Lender, if any, and the Administrative Agent. An Incremental Facility may be provided, subject to the prior
written consent of the Borrower (not to be unreasonably withheld), by any existing Lender (it being understood that no existing
Lender shall, unless it agrees, be obligated to provide any Incremental Facilities) or by any Additional Lender; provided
that (i) the Administrative Agent shall have consent rights (not to be unreasonably withheld, conditioned or delayed) with respect
to such Additional Lender, if such consent would be required pursuant to Section 9.04 for an assignment of Loans or Commitments,
as applicable, to such Additional Lender, (ii) solely with respect to any Incremental Revolving Commitment Increase or any Additional
Revolving Commitment, the Issuing Banks shall have consent rights (not to be unreasonably withheld, conditioned or delayed) with
respect to such Additional Lender, if such consent would be required pursuant to Section 9.04 for an assignment of Revolving
Loans or Revolving Commitments, as applicable, to such Additional Lender and (iii) the restrictions applicable to Affiliated Lenders
set forth in Section 9.04 shall apply to Loans and Commitments in respect of Incremental Facilities. Incremental Term Loans
and loans under Incremental Revolving Commitment Increases or Additional Revolving Commitments shall be a “Loan” for
all purposes of this Agreement and the other Loan Documents. The Incremental Facility Amendment may, subject to Section 2.20(b),
without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary,
in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.20 (including,
in connection with an Incremental Revolving Commitment Increase, to reallocate Revolving Exposure on a pro rata basis among the
relevant Revolving Lenders). The effectiveness of any Incremental Facility Amendment and the occurrence of any credit event (including
the making (but not the conversion or continuation) of a Loan and the issuance, increase in the amount, or extension of a Letter
of Credit thereunder) pursuant to such Incremental Facility Amendment shall be subject to the satisfaction of such conditions as
the parties thereto shall agree and as required by this Section 2.20. The Borrower will use the proceeds of the Incremental
Facilities for working capital and other general corporate purposes of the Borrower and its Subsidiaries, including capital expenditures,
Permitted Acquisitions and other Investments, Restricted Payments and the refinancing of Indebtedness, and any other use not prohibited
by the Loan Documents.

 

(e)               
Notwithstanding anything to the contrary, this Section 2.20 shall supersede any provisions in Section 2.18
or Section 9.02 to the contrary.

 

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SECTION 2.21              
Refinancing Amendments.

 

(a)               
At any time after the Effective Date, the Borrower may obtain, from any Lender or any Additional Lender (but no such Lender
or Additional Lender shall be obligated to provide), Credit Agreement Refinancing Indebtedness in respect of (i) all or any
portion of the Term Loans then outstanding under this Agreement (which for purposes of this clause (i) will be deemed
to include any then outstanding Other Term Loans) or (ii) all or any portion of the Revolving Loans (or unused Revolving Commitments)
under this Agreement (which for purposes of this clause (ii) will be deemed to include any then outstanding Other Revolving
Loans, Other Revolving Commitments and Additional Revolving Commitments and loans issued thereunder), in the form of (x) Other
Term Loans or Other Term Commitments or (y) Other Revolving Loans or Other Revolving Commitments, as the case may be; provided
that the Net Proceeds of such Credit Agreement Refinancing Indebtedness shall be applied, substantially concurrently with the incurrence
thereof, to the prepayment (or reduction) of outstanding Indebtedness being so refinanced (or the case may be), as the case may
be and accompanied by any prepayment premium payable thereon in accordance with the terms hereof. Each Class of Credit Agreement
Refinancing Indebtedness incurred under this Section 2.21 shall be in an aggregate principal amount that is (x) not
less than $5,000,000 in the case of Other Term Loans or $5,000,000 in the case of Other Revolving Loans and (y) an integral
multiple of $1,000,000 in excess thereof (in each case unless the Borrower and the Administrative Agent otherwise agree). Any Refinancing
Amendment may provide for the issuance of Letters of Credit for the account of the Borrower, pursuant to any Other Revolving Commitments
established thereby, in each case on terms substantially equivalent to the terms applicable to Letters of Credit under the Revolving
Commitments or as otherwise reasonably acceptable to the Administrative Agent; provided that no Issuing Bank shall be required
to act as “issuing bank” under any such Refinancing Amendment without its written consent. The Administrative Agent
shall promptly notify each Lender as to the effectiveness of each Refinancing Amendment. Each of the parties hereto hereby agrees
that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be deemed amended to the extent (but only to the
extent) necessary to reflect the existence and terms of the Credit Agreement Refinancing Indebtedness incurred pursuant thereto
(including any amendments necessary to treat the Loans and Commitments subject thereto as Other Term Loans, Other Revolving Commitments
and/or Other Term Commitments). Any Refinancing Amendment may, without the consent of any other Lenders, effect such amendments
to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative
Agent and the Borrower, to effect the provisions of this Section. In addition, if so provided in the relevant Refinancing Amendment
and with the consent of each Issuing Bank, participations in Letters of Credit expiring on or after the Revolving Maturity Date
shall be reallocated from Lenders holding Revolving Commitments to Lenders holding extended revolving commitments in accordance
with the terms of such Refinancing Amendment; provided, however, that such participation interests shall, upon receipt
thereof by the relevant Lenders holding Revolving Commitments, be deemed to be participation interests in respect of such Revolving
Commitments and the terms of such participation interests (including the commission applicable thereto) shall be adjusted accordingly.

 

(b)               
This Section 2.21 shall supersede any provisions in Section 2.18 or Section 9.02 to the contrary.

 

SECTION 2.22              
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:

 

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(i)                
 Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent
with respect to this Agreement shall be restricted as set forth in Section 9.02.

 

(ii)              
Reallocation of Payments. Subject to the last sentence of Section 2.11(f), 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 VII or otherwise, and including any amounts made available to the Administrative Agent
by that Defaulting Lender pursuant to Section 9.08), 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, in the case of a Revolving Lender, to the payment on a pro rata basis of any amounts owing by that
Defaulting Lender to each Issuing Bank; third, as the Borrower may request (so long as no Default or Event of Default exists),
to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this
Agreement, as determined by the Administrative Agent; fourth, in the case of a Revolving Lender, if so determined by the
Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy
obligations of that Defaulting Lender to fund Loans under this Agreement; fifth, to the payment of any amounts owing to
the Lenders, the Issuing Banks as a result of any judgment of a court of competent jurisdiction obtained by any Lender, such Issuing
Bank against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement;
sixth, so long as no Default or Event of Default exists, to the payment of any amounts owing to any Loan Party as a result
of any judgment of a court of competent jurisdiction obtained by any Loan Party against that Defaulting Lender as a result of that
Defaulting Lender’s breach of its obligations under this Agreement; and seventh, to that Defaulting Lender or as otherwise
directed by a court of competent jurisdiction; provided that if such payment is a payment of the principal amount of any
Loans or LC Disbursements and such Lender is a Defaulting Lender under clause (a) of the definition thereof, such payment
shall be applied solely to pay the relevant Loans of, and LC Disbursements owed to, the relevant non-Defaulting Lenders on a pro
rata basis prior to being applied pursuant to Section 2.05(j) or this Section 2.22(a)(ii). 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 Section 2.05(j) shall be deemed paid to and redirected by that Defaulting Lender, and
each Lender irrevocably consents hereto.

 

(iii)            
Certain Fees. That Defaulting Lender (x) shall not be entitled to receive or accrue any commitment fee pursuant to
Section 2.12(a) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to
pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender) and (y) shall be limited
in its right to receive Letter of Credit fees as provided in Section 2.12(b).

 

(iv)             
Reallocation of Applicable Percentages to Reduce Fronting Exposure. During any period in which there is a Defaulting
Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations
in Letters of Credit pursuant to Section 2.05 and the payments of participation fees pursuant to Section 2.12(b),
the “Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Revolving
Commitment of that Defaulting Lender; provided that the aggregate obligation of each non-Defaulting Lender to acquire, refinance
or fund participations in Letters of Credit shall not exceed the positive difference, if any, of (1) the Revolving Commitment of
that non-Defaulting Lender minus (2) the aggregate principal amount of the Revolving Loans of that non-Defaulting Lender.

 

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(v)               
 Cash Collateral. If the reallocation described in clause (iv) above cannot, or can only partially, be effected,
the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, cash collateralize the Applicable
Fronting Exposure of each Issuing Bank in accordance with the procedures set forth in Section 2.05(j).

 

(b)               
Defaulting Lender Cure. If the Borrower, the Administrative Agent and each Issuing Bank agree in writing in their
sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so
notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth
therein (which may include arrangements with respect to any cash Collateral), such Lender will, to the extent applicable, purchase
that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to
be necessary to cause the Loans and funded and unfunded participations in Letters of Credit to be held on a pro rata basis by the
Lenders in accordance with their Applicable Percentages (without giving effect to Section 2.22(a)(iv) or the proviso to
the definition thereof), whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will be
made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting
Lender; and provided further that except to the extent otherwise expressly agreed by the affected parties, no change hereunder
from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s
having been a Defaulting Lender.

 

SECTION 2.23              
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 to make,
maintain or fund Loans whose interest is determined by reference to the Adjusted LIBO Rate, or to determine or charge interest
rates based upon the Adjusted LIBO Rate, then, on notice thereof by such Lender to the Borrower through the Administrative Agent,
(i) any obligation of such Lender to make or continue Eurodollar Loans denominated in dollars or to convert ABR Loans denominated
in dollars to Eurodollar Loans shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining
ABR Loans the interest rate on which is determined by reference to the Adjusted LIBO Rate component of the Alternate Base Rate,
the interest rate on such ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative
Agent without reference to the Adjusted LIBO Rate component of the Alternate Base Rate, in each case until such Lender notifies
the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt
of such notice, (x) the Borrower shall, upon three (3) Business Days’ notice from such Lender (with a copy to the Administrative
Agent), prepay or, if applicable, convert all Eurodollar Loans denominated in dollars of such Lender to ABR Loans (the interest
rate on which ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent
without reference to the Adjusted LIBO Rate component of the Alternate Base Rate), either on the last day of the Interest Period
therefor, if such Lender may lawfully continue to maintain such Eurodollar Loans to such day, or immediately, if such Lender may
not lawfully continue to maintain such Eurodollar Loans, and (y) if such notice asserts the illegality of such Lender determining
or charging interest rates based upon the Adjusted LIBO Rate, the Administrative Agent shall during the period of such suspension
compute the Alternate Base Rate applicable to such Lender without reference to the Adjusted LIBO Rate component thereof until the
Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest
rates based upon the Adjusted LIBO Rate. Each Lender agrees to notify the Administrative Agent and the Borrower in writing promptly
upon becoming aware that it is no longer illegal for such Lender to determine or charge interest rates based upon the Adjusted
LIBO Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted.

 

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SECTION 2.24              
Loan Modification Offers. 

 

(a)               
At any time after the Effective Date, the Borrower may on one or more occasions, by written notice to the Administrative
Agent, make one or more offers (each, a “Loan Modification Offer”) to all the Lenders of one or more Classes
(each Class subject to such a Loan Modification Offer, an “Affected Class”) to effect one or more Permitted
Amendments relating to such Affected Class pursuant to procedures reasonably specified by the Administrative Agent and reasonably
acceptable to the Borrower (including mechanics to permit cashless rollovers and exchanges by Lenders). Such notice shall set forth
(i) the terms and conditions of the requested Permitted Amendment and (ii) the date on which such Permitted Amendment is requested
to become effective. Permitted Amendments shall become effective only with respect to the Loans and Commitments of the Lenders
of the Affected Class that accept the applicable Loan Modification Offer (such Lenders, the “Accepting Lenders”)
and, in the case of any Accepting Lender, only with respect to such Lender’s Loans and Commitments of such Affected Class
as to which such Lender’s acceptance has been made.

 

(b)               
A Permitted Amendment shall be effected pursuant to a Loan Modification Agreement executed and delivered by Holdings, the
Borrower, each applicable Accepting Lender and the Administrative Agent; provided that no Permitted Amendment shall become
effective unless Holdings and the Borrower shall have delivered to the Administrative Agent such legal opinions, board resolutions,
secretary’s certificates, officer’s certificates and other documents as shall be reasonably requested by the Administrative
Agent in connection therewith. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Loan
Modification Agreement. Each Loan Modification Agreement may, without the consent of any Lender other than the applicable Accepting
Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion
of the Administrative Agent, to give effect to the provisions of this Section 2.24, including any amendments necessary to
treat the applicable Loans and/or Commitments of the Accepting Lenders as a new “Class” of loans and/or commitments
hereunder.

 

(c)               
If, in connection with any proposed Loan Modification Offer, any Lender declines to consent to such Loan Modification Offer
on the terms and by the deadline set forth in such Loan Modification Offer (each such Lender, a “Non-Accepting Lender”)
then after receipt of consents from Lenders constituting the Required Lenders hereunder, the Borrower may, on notice to the Administrative
Agent and the Non-Accepting Lender, (i) replace such Non-Accepting Lender in whole or in part by causing such Lender to (and such
Lender shall be obligated to) assign and delegate, without recourse (in accordance with and subject to the restrictions contained
in, and consents required by, Section 9.04) all or any part of its interests, rights and obligations under this Agreement
in respect of the Loans and Commitments of the Affected Class to one or more Eligible Assignees (which Eligible Assignee may be
another Lender, if a Lender accepts such assignment); provided that neither the Administrative Agent nor any Lender shall
have any obligation to the Borrower to find a replacement Lender; provided, further, that (a) the applicable assignee
shall have agreed to provide Loans and/or Commitments on the terms set forth in the applicable Permitted Amendment, (b) such Non-Accepting
Lender shall have received payment of an amount equal to the outstanding principal of the Loans of the Affected Class assigned
by it pursuant to this Section 2.24(c), accrued interest thereon, accrued fees and all other amounts (including any amounts
under Section 2.11(a)(i)) payable to it hereunder from the Eligible Assignee (to the extent of such outstanding principal
and accrued interest and fees) and (c) unless waived, the Borrower or such Eligible Assignee shall have paid to the Administrative
Agent the processing and recordation fee specified in Section 9.04(b).

 

(d)               
Notwithstanding anything to the contrary, this Section 2.24 shall supersede any provisions in Section 2.18
or Section 9.02 to the contrary.

 

    -114-

     

    

 

ARTICLE
III

 

Representations
and Warranties

 

Each of the Borrower
and Holdings represents and warrants to the Lenders and each Agent that (limited, on the Effective Date, to the Specified Representations):

 

SECTION 3.01              
Organization; Powers.

 

Each of Holdings, the
Borrower and its Restricted Subsidiaries is (a) duly organized or incorporated, validly existing and in good standing (to the extent
such concept exists in the relevant jurisdictions) under the laws of the jurisdiction of its organization or incorporation, (b)
has the corporate or other organizational power and authority to carry on its business as now conducted and to execute, deliver
and perform its obligations under each Loan Document to which it is a party and (c) is qualified to do business in, and is in good
standing (to the extent such concept exists in the relevant jurisdictions) in, every jurisdiction where such qualification is required,
except in the case of clause (a) above (other than with respect to Holdings and the Borrower), clause (b)
above (other than with respect to Holdings and the Borrower) and clause (c) above, where the failure to do so, individually
or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

 

SECTION 3.02              
Authorization; Enforceability.

 

This Agreement has been
duly authorized, executed and delivered by each of Holdings and the Borrower and constitutes, and each other Loan Document to which
any Loan Party is to be a party, when executed and delivered by such Loan Party, will constitute, a legal, valid and binding obligation
of Holdings, the Borrower or such Loan Party, as the case may be, enforceable against it in accordance with its terms, subject
to (i) applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally,
(ii) general principles of equity, regardless of whether considered in a proceeding in equity or at law, and similar concepts under
applicable law, (iii) any other matters which are set out as qualifications or reservations as to matters of law or general application
in any legal opinion delivered to an Agent in connection with any Loan Document (together, the “Legal Reservations”)
and (iv) the Perfection Requirements.

 

SECTION 3.03              
Governmental Approvals; No Conflicts.

 

Except as set forth in
Schedule 3.03 and subject to the Legal Reservations and the Perfection Requirements, the execution, delivery and performance
by any Loan Party of this Agreement or any other Loan Document (a) does not require any consent or approval of, registration
or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force
and effect and except filings necessary to perfect Liens created under the Loan Documents, (b) will not violate (i) the
Organizational Documents of Holdings, the Borrower or any other Loan Party, or (ii) any Requirements of Law applicable to
Holdings, the Borrower or any other Loan Party, (c) will not violate or result in a default under any indenture or other agreement
or instrument binding upon the Borrower or any Restricted Subsidiary or their respective assets, or give rise to a right thereunder
to require any payment, repurchase or redemption to be made by the Borrower or any Restricted Subsidiary, or give rise to a right
of, or result in, termination, cancellation or acceleration of any obligation thereunder and (d) will not result in the creation
or imposition of any Lien on any asset of the Borrower or any Restricted Subsidiary, except Liens created under the Loan Documents
or permitted by Section 6.02, except (in the case of each of clauses (a), (b)(ii) and (c)) to
the extent that the failure to obtain or make such consent, approval, registration, filing or action, or such violation, default
or right, or imposition of Lien, as the case may be, individually or in the aggregate, would not reasonably be expected to have
a Material Adverse Effect.

 

    -115-

     

    

 

 

SECTION 3.04              
Financial Condition; 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, including the notes thereto and (ii) fairly present in all material respects
the financial condition of the Borrower and its subsidiaries as of the respective dates 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, including the notes thereto.

 

(b)           The
Unaudited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein, and (ii) fairly present in all material respects the financial condition of the Borrower
and its subsidiaries as of the respective dates 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.

 

(c)                
The Borrower has heretofore furnished to the Lead Arrangers the consolidated pro forma balance sheet of the Borrower and
its subsidiaries as of and for the twelve-month period ending on November 30, 2020 (the “Pro Forma Financial Statements”),
which have been prepared in good faith, based on assumptions believed by the Borrower to be reasonable as of the date of delivery
thereof, and present fairly in all material respects on a pro forma basis the estimated financial position of the Borrower and
its Subsidiaries as of November 30, 2020, assuming that the Transactions had actually occurred as of such date (in the case of
such balance sheet) or at the beginning of such period (in the case of such statement of operations).

 

(d)               
Since the Effective Date, there has been no Material Adverse Effect.

 

SECTION 3.05              
Properties; Insurance.

 

Each of the Borrower
and its Restricted Subsidiaries has good title to, or valid interests in, all its real and personal property material to its business,
if any (i) free and clear of all Liens except for Liens permitted by Section 6.02 and (ii) except for minor defects in title
that do not interfere with its ability to conduct its business as currently conducted or as proposed to be conducted or to utilize
such properties for their intended purposes, in each case, except where the failure to do so would not reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect. The Borrower and each Restricted Subsidiary are maintaining
insurance policies as required by Section 5.07.

 

SECTION 3.06              
Litigation and Environmental Matters.

 

(a)                Except
as set forth in Schedule 3.06, there are no actions, suits or proceedings by or before any arbitrator or Governmental Authority
pending against or, to the knowledge of the Borrower, threatened in writing against or affecting the Borrower or any Restricted
Subsidiary that could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.

 

(b)               
Except as set forth in Schedule 3.06, and except with respect to any other matters that, individually or in the aggregate,
would not reasonably be expected to result in a Material Adverse Effect, none of the Borrower or any Restricted Subsidiary (i)
has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required
under any Environmental Law, (ii) has, to the knowledge of the Borrower, become subject to any Environmental Liability, (iii)
has received written notice of any claim with respect to any Environmental Liability or (iv) has, to the knowledge of the Borrower,
any basis to reasonably expect that the Borrower or any Restricted Subsidiary will become subject to any Environmental Liability.

 

    -116-

     

    

 

SECTION 3.07              
Compliance with Laws.

 

Each of the Borrower
and its Restricted Subsidiaries is in compliance with all Requirements of Law applicable to it or its property, except where the
failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

 

SECTION 3.08              
Investment Company Status.

 

None of the Loan Parties
is required to register as an “investment company” under the Investment Company Act of 1940, as amended from time to
time.

 

SECTION 3.09              
Taxes.

 

Except as would not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, Holdings, the Borrower and each Restricted
Subsidiary (a) have timely filed or caused to be filed all Tax returns and reports required to have been filed and (b) have
paid or caused to be paid all Taxes levied or imposed on their properties, income or assets (whether or not shown on a Tax return)
including in their capacity as tax withholding agents, except any Taxes that are being contested in good faith by appropriate proceedings,
provided that Holdings, the Borrower or such Subsidiary, as the case may be, has set aside on its books adequate reserves
therefor in accordance with GAAP. There is no proposed Tax assessment, deficiency or other claim against Holdings, the Borrower
or any Restricted Subsidiary that would reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect.

 

SECTION 3.10              
ERISA; Labor Matters.

 

(a)            
Except as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each
Plan is in compliance with the applicable provisions of ERISA, the Code and other federal or state laws.

 

(b)             
Except as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i)
no ERISA Event has occurred during the six year period prior to the date on which this representation is made or deemed made or
is reasonably expected to occur, and (ii) neither any Loan Party nor any ERISA Affiliate has engaged in a transaction that could
reasonably be expected to be subject to Section 4069 or 4212(c) of ERISA.

 

(c)          Except
as would not reasonably be expected, individually or in the aggregate to result in a Material Adverse Effect, (i) each employee
benefit plan (as defined in Section 3(2) of ERISA) that is intended to be a qualified plan under Section 401(a) of the Code has
received a favorable determination letter from the Internal Revenue Service to the effect that the form of such plan is qualified
under Section 401(a) of the Code and the trust related thereto has been determined by the Internal Revenue Service to be exempt
from federal income tax under Section 501(a) of the Code, or an application for such a letter is currently being processed by
the Internal Revenue Service; (ii) to the knowledge of the Borrower, nothing has occurred that would prevent or cause the loss
of such tax-qualified status; and (iii) there are no pending or, to the knowledge of Holdings and the Borrower, threatened in
writing claims, actions or lawsuits, or action by any Governmental Authority, with respect to any such plan.

 

(d)          Except
as would not reasonably be expected to have a Material Adverse Effect, (i) none of the Borrower or its Restricted Subsidiaries
has experienced any labor strike or work stoppage or other collective labor dispute by employees due to labor disagreements and
(ii) each of the Borrower and its Restricted Subsidiaries is in compliance in all respects with any collective bargaining agreement
to which it is a party.

 

    -117-

     

    

 

SECTION 3.11              
Disclosure.

 

(a)                  As
of the Effective Date, the written reports, financial statements, certificates or other written factual information (other than
projections and information of a general economic or industry specific nature) furnished by or on behalf of any Loan Party to the
Administrative Agent or any Lender in connection with the negotiation of any Loan Document or delivered thereunder (as modified
or supplemented by other information so furnished), when taken as a whole, do not contain any untrue statement of a material fact
or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they
were made, not materially misleading; provided that, with respect to projected and pro forma financial information, the
Borrower represents only that such information, when taken as a whole, was prepared in good faith based upon assumptions believed
by it to be reasonable at the time delivered, it being understood that (i) any such projected financial information is merely a
prediction as to future events and is not to be viewed as fact, (ii) such projected financial information is subject to significant
uncertainties and contingencies, many of which are beyond the control of the Borrower or any of its Subsidiaries and (iii) no assurance
can be given that any particular projections will be realized and that actual results during the period or periods covered by any
such projections may differ significantly from the projected results and such differences may be material.

 

(b)               As
of the Effective Date, to the best knowledge of the Borrower, the information included in the Beneficial Ownership Certification
provided pursuant to Section 4.01(l) is true and correct in all respects.

 

SECTION 3.12              
Subsidiaries.

 

As of the Effective Date,
Schedule 3.12 sets forth the name of, and the ownership interest of the Borrower and each of its subsidiaries in, each
subsidiary of the Borrower.

 

SECTION 3.13              
Intellectual Property; Licenses, Etc.

 

Except as would not reasonably
be expected to have a Material Adverse Effect, each of the Borrower and its Restricted Subsidiaries owns, licenses or possesses
the right to use all Intellectual Property that is reasonably necessary for the operation of its business substantially as currently
conducted. No Intellectual Property owned by the Borrower or any Restricted Subsidiary and used in the operation of its business
as currently conducted infringes upon the Intellectual Property of any Person except for such infringements that would not reasonably
be expected to have, individually or in the aggregate, a Material Adverse Effect. No claim or litigation regarding any of the Intellectual
Property is pending or, to the knowledge of the Borrower, threatened in writing against the Borrower or any Restricted Subsidiary,
which, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.

 

SECTION 3.14              
Solvency.

 

Immediately after the
consummation of each of the Transactions that occurred on the Effective Date (including the execution and delivery of this Agreement,
the making of the Loans and the use of proceeds of such Loans on the date hereof), the Borrower and its Subsidiaries are Solvent.

 

    -118-

     

    

 

SECTION 3.15              
Federal Reserve Regulations.

 

None of the Borrower
or any Restricted Subsidiary 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 of the Board of Governors), or extending credit for the purpose of
purchasing or carrying margin stock. No part of the proceeds of the Loans will be used, directly or indirectly, to purchase or
carry any margin stock or to refinance any Indebtedness originally incurred for such purpose, or for any other purpose that entails
a violation (including on the part of any Lender) of the provisions of Regulations U or X of the Board of Governors.

 

SECTION 3.16              
Use of Proceeds.

 

The Borrower will use
the proceeds of the (a) Initial Term Loans made on the Effective Date to directly or indirectly finance the Transactions and to
fund any original issue discount or upfront fees payable in connection therewith, (b) the Revolving Loans made on the Effective
Date (x) in an aggregate amount not to exceed $10,000,000 to directly or indirectly finance the Transactions, (y) for ordinary
course working capital needs (including to refinance any indebtedness incurred for working capital purposes) or to fund working
capital, purchase price or similar adjustments under the Acquisition Agreement and (z) to cash collateralize existing letters of
credit, guarantees or performance or similar bonds and (c) the Revolving Loans made, and Letters of Credit issued, after the Effective
Date, for working capital and other general corporate purposes of the Borrower and its Subsidiaries, including capital expenditures,
Permitted Acquisitions and other Investments, Restricted Payments and the refinancing of Indebtedness, and any other use not prohibited
by the Loan Documents.

 

SECTION 3.17              
Anti-Corruption Laws and Sanctions.

 

(a)               
On the Effective Date, the representations and warranties contained in Section 4.21(a) of the Acquisition Agreement are
true and correct in all respects except to the extent that any failure to be true and correct would not have a “Material
Adverse Effect” (as such term is defined in the Acquisition Agreement).

 

(b)               
Each of Holdings, the Borrower and each of its Subsidiaries will not, directly or to their knowledge indirectly, use the
proceeds of the Loans or Letters of Credit to fund any activity or business with any Person, or in any country or territory that,
at the time of such funding, is the subject of Sanctions except where such activities are authorized under a general or specific
license, law, or regulation, or in violation of any Anti-Corruption Laws, the USA PATRIOT Act, or other applicable anti-money laundering
or anti-terrorism laws.

 

(c)                Holdings, the Borrower and its Restricted Subsidiaries and, to the knowledge of the Borrower, the officers, directors, employees
and agents of Holdings, the Borrower and its Restricted Subsidiaries are in compliance in all material respects with applicable
Anti-Corruption Laws and applicable Sanctions, the USA PATRIOT Act, and other applicable anti-money laundering and anti-terrorism
laws.

 

(d)               (i) None of Holdings, the Borrower or its Restricted Subsidiaries and (ii) to the knowledge of Holdings, the Borrower, or
its Restricted Subsidiaries, none of their respective directors, officers, employees and agents that will act in any capacity in
connection with or benefit from the credit facility established hereby, is a Sanctioned Person.

 

(e)                The
Borrower has implemented and maintains in effect policies and procedures reasonably designed to ensure compliance in all material
respects by the Borrower and its Restricted Subsidiaries with applicable Anti-Corruption Laws and applicable Sanctions. Notwithstanding
anything to the contrary herein, the representations and warranties contained in clauses (c), (d) and (e)
above are not made on the Effective Date.

 

    -119-

     

    

 

SECTION 3.18              
Security Documents.

 

Subject to Section
5.14, the Legal Reservations and the Perfection Requirements, the Security Documents are effective to create in favor of the
Collateral Agent, for the benefit of the Secured Parties, a legal, valid, binding and enforceable security interest in the Collateral
described therein and proceeds and products thereof. In the case of (i) Pledged Equity Interests represented by certificates,
(x) when such certificates are delivered to the Collateral Agent or (y) when financing statements in appropriate form
are filed in the appropriate filing offices, and (ii) the other Collateral described in the Collateral Agreement, which can
be perfected by filing a financing statement, when financing statements in appropriate form are filed in the appropriate filing
offices and such other filings as are required in the Collateral Agreement have been completed, the Lien created by the Collateral
Agreement shall constitute, to the extent such perfection is required by the Collateral Agreement, a fully perfected Lien on, and
security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds and products thereof,
as security for the Secured Obligations.

 

ARTICLE
IV

 

Conditions

 

SECTION 4.01              
Effective Date.

 

The obligation of each
Lender to make Loans and the obligations of each Issuing Bank to issue Letters of Credit hereunder on the Effective Date shall
be subject to satisfaction of the following conditions (or waiver thereof in accordance with Section 9.02):

 

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

 

(b)                The
Administrative Agent shall have received a customary written opinion (addressed to the Administrative Agent, the Lenders and the
Issuing Banks and dated the Effective Date) of each of (i) Willkie Farr & Gallagher LLP, New York counsel to the Loan Parties,
(ii) Stradling Yocca Carlson & Rauth, California, P.C., California counsel to the Loan Parties and (iii) counsel in such other
jurisdictions of incorporation or formation of any Loan Parties as requested by the Administrative Agent, in form and substance
reasonably satisfactory to the Administrative Agent. Each of Holdings and the Borrower hereby requests such counsel to deliver
such opinions.

 

(c)                The
Administrative Agent shall have received (i) a certificate of each Loan Party, dated the Effective Date, substantially in the
form of Exhibit H with appropriate insertions, or otherwise in form and substance reasonably satisfactory to the Administrative
Agent, executed by any Responsible Officer of such Loan Party, and (ii) an officer certificate of each Loan Party, dated the Effective
Date, in form and substance reasonably satisfactory to the Administrative Agent, executed by any Responsible Officer of such Loan
Party, including or attaching the documents referred to in paragraph (d) of this Section 4.01.

 

    -120-

     

    

 

(d)                The
Administrative Agent shall have received a copy of (i) each Organizational Document of each Loan Party certified, to the extent
applicable, as of a recent date by the applicable Governmental Authority, (ii) with respect to each Loan Party executing the Loan
Documents, an incumbency certificate identifying the name and title and bearing the signatures of the authorized signatories of
such Loan Party, (iii) copies of resolutions of the Board of Directors of each Loan Party approving and authorizing the execution,
delivery and performance of Loan Documents to which it is a party, certified as of the Effective Date by its secretary, an assistant
secretary or a Responsible Officer as being in full force and effect without modification or amendment and (iv) a good standing
certificate (to the extent such concept exists) from the applicable Governmental Authority of each Loan Party’s jurisdiction
of incorporation, organization or formation.

 

(e)                The
Administrative Agent shall have received all fees required to be paid on the Effective Date pursuant to the Fee Letter and reasonable
and documented out-of-pocket expenses required to be paid on the Effective Date, to the extent invoiced (in the case of expenses)
at least three (3) Business Days prior to the Effective Date (except as otherwise agreed to by the Borrower), which amounts may,
at the option of the Borrower, be offset against the proceeds of the initial Loans made hereunder.

 

(f)                The
Collateral and Guarantee Requirement (other than in accordance with Section 5.14) shall have been satisfied and the Administrative
Agent shall have received a completed Perfection Certificate dated the Effective Date and signed by a Responsible Officer of the
Borrower, together with all attachments contemplated thereby; provided that if, notwithstanding the use by the Borrower
of commercially reasonable efforts without undue burden or expense to cause the Collateral and Guarantee Requirement to be satisfied
on the Effective Date, the requirements thereof (other than (i) the execution and delivery of the Guarantee Agreement and the
Collateral Agreement by the Loan Parties, (ii) the creation and perfection of security interests in the Equity Interests of the
Borrower and each Restricted Subsidiary owned by or on behalf of any Loan Party (provided that such Equity Interests are not Excluded
Assets or owned or held by an Excluded Subsidiary), and (iii) delivery of Uniform Commercial Code financing statements with respect
to perfection of security interests in the assets of the Loan Parties that may be perfected by the filing of a financing statement
under the Uniform Commercial Code) are not satisfied as of the Effective Date, the satisfaction of such requirements shall not
be a condition to the availability of the initial Loans on the Effective Date (but shall be required to be satisfied as promptly
as practicable after the Effective Date and in any event within the period specified therefor in Schedule 5.14 or such
later date as the Administrative Agent may otherwise reasonably agree). Notwithstanding the foregoing, no Collateral shall be
subject to any other pledges, security interest or mortgages, except for the Liens permitted under this Agreement.

 

(g)               Since
the date of the Acquisition Agreement, there shall not have occurred a “Material Adverse Effect” (as defined in the
Acquisition Agreement).

 

(h)               The
Lead Arrangers shall have received the Audited Financial Statements, the Unaudited Financial Statements and the Pro Forma Financial
Statements.

 

(i)                 The
Specified Acquisition Agreement Representations shall be true and correct to the extent required by the definition thereof on
and as of the Effective Date and the Specified Representations shall be true and correct in all material respects (or, if qualified
by materiality, in all respects) on and as of the Effective Date; provided that, in each case, to the extent that any such
representation expressly refers to an earlier date, such representation shall be true and correct in all material respects as
of such earlier date.

 

    -121-

     

    

 

(j)                 The
Acquisition shall have been consummated, or substantially simultaneously with the borrowing of the Initial Term Loans on the Effective
Date, shall be consummated, in all material respects in accordance with the terms of the Acquisition Agreement, after giving effect
to any modifications, amendments, supplements, consents, waivers or requests, other than those modifications, amendments, supplements,
consents, waivers or requests (including the effects of any such requests) by the Borrower that are materially adverse to the
interests of the Lenders or the Commitment Parties which have not been consented to in writing by the initial Lenders (it being
understood that (i) any modifications, amendments, supplements, consents, waivers or requests that result in a decrease in the
Merger Consideration (as defined in the Acquisition Agreement as in effect on the Signing Date) or in the Enterprise Value (as
defined in the Acquisition Agreement as in effect on the Signing Date) (in each case other than any adjustment implemented by
the terms of the Acquisition Agreement as in effect on the Signing Date) of greater than 15% shall be materially adverse to the
interests of the Lenders and the Commitment Parties, (ii) any increase in the Merger Consideration shall not be materially adverse
to the interests of the Lenders and the Commitment Parties so long as such increase is not funded with the proceeds of additional
funded indebtedness that is incurred or guaranteed by Holdings, the Borrower or any of their respective subsidiaries, (iii) any
amendment to the definition of “Material Adverse Effect” in the Acquisition Agreement shall be deemed to be materially
adverse to the interests of the Lenders and the Commitment Parties and (iv) the initial Lenders shall be deemed to have consented
to any modification, amendment, supplement, consent, waiver or request to the extent such Lenders do not object in writing thereto
within three (3) Business Days of receipt of written notice thereof).

 

(k)                The
Administrative Agent shall have received (i) a certificate from the chief financial officer or equivalent Responsible Officer
of the Borrower certifying as to the solvency (as of the Effective Date) of the Borrower and its Subsidiaries on a consolidated
basis after giving effect to the Transactions, in substantially the form attached hereto as Exhibit G and (ii) certificates
with respect to insurance policies of the Loan Parties as required under Section 5.07, all in form and substance reasonably
satisfactory to Administrative Agent.

 

(l)                
(i) The Administrative Agent shall have received at least three (3) Business Days before the Effective Date all documentation
and other information about the Loan Parties that the Administrative Agent reasonably determines is required by United States regulatory
authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including the USA
PATRIOT Act and (ii) if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation,
the Administrative Agent and each initial Lender that requests a Beneficial Ownership Certification will have received, at least
three (3) Business Days prior to the Effective Date, a Beneficial Ownership Certification in relation to the Borrower, in each
case of clauses (i) and (ii), to the extent that the Administrative Agent has reasonably requested in writing delivered
to the Loan Parties at least ten (10) Business Days prior to the Effective Date.

 

(m)           The
Administrative Agent shall have received a fully executed and delivered Borrowing Request in accordance with the requirements
hereof.

 

(n)                The
Effective Date Refinancing shall have been consummated, or substantially simultaneously with the funding of the Initial Term Loans,
shall be consummated.

 

(o)                   The
Closing (as defined in the Acquisition Agreement as in effect on the Signing Date) shall have occurred.

 

(p)                   The
Available Closing Date Equity shall not be less than $720,000,000.

 

SECTION 4.02              
Each Credit Event after the Effective Date.

 

After the Effective
Date, the obligation of each Lender to make a Loan on the occasion of any Borrowing, and of each Issuing Bank to issue,
amend, renew or extend any Letter of Credit (other than any Borrowing or issuance, amendment, renewal or extension of a
Letter of Credit on the Effective Date), is subject to receipt of the request therefor in accordance herewith and to the
satisfaction of the following conditions:

 

    -122-

     

    

 

(a)               
(i) In the case of any Borrowing, other than a Borrowing under any Incremental Facility, the representations and warranties
of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects on and as of the date of
such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as the case may be, and (ii)
in the case of any Borrowing under any Incremental Facility, “specified representations” and, solely to the extent
required by the Additional Lenders providing such Incremental Facility, other representations and warranties of each Loan Party
set forth in the Loan Documents shall be true and correct in all material respects on and as of the date of such Borrowing; provided
that, in each case, to the extent that such representations and warranties specifically refer to an earlier date, they shall be
true and correct in all material respects as of such earlier date; provided further that, in each case, any representation
and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall
be true and correct in all respects on the date of such credit extension or on such earlier date, as the case may be.

 

(b)               
At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of
such Letter of Credit, as the case may be, no Default or Event of Default shall have occurred and be continuing (or, in the case
of any Borrowing under any Incremental Facility incurred in connection with a Permitted Acquisition or an Investment not prohibited
by Section 6.04, no Event of Default specified in Sections 7.01(a), (b), (h) or (i) shall have
occurred and be continuing).

 

Each Borrowing (provided that a
conversion or a continuation of a Borrowing shall not constitute a “Borrowing” for purposes of this Section 4.02)
and each issuance, amendment, renewal or extension of a Letter of Credit (other than any Borrowing or issuance, amendment, renewal
or extension of a Letter of Credit on the Effective Date) shall be deemed to constitute a representation and warranty by Holdings
and the Borrower on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section
4.02.

 

ARTICLE
V

Affirmative Covenants

 

From and after the Effective
Date and until the Commitments shall have expired or been terminated, the principal of and interest on each Loan and all fees,
expenses and other amounts (other than contingent amounts not yet due) payable under any Loan Document shall have been paid in
full and all Letters of Credit shall have expired or been terminated and all LC Disbursements shall have been fully reimbursed,
each of Holdings and the Borrower covenants and agrees with the Lenders that:

 

SECTION 5.01              
Financial Statements and Other Information.

 

Borrower and its Restricted
Subsidiaries will furnish to the Administrative Agent, on behalf of each Lender:

 

(a)                (i)
on or before the date that is one hundred and fifty (150) days (or such later date as may be agreed by the Administrative
Agent in its sole discretion) after the end of the fiscal year of the Borrower ending on or about February 28, 2021 and (ii)
on or before the date that is one hundred and twenty (120) days after the end of each fiscal year of the Borrower ending
thereafter, the audited consolidated balance sheet and audited consolidated statements of operations and comprehensive
income, shareholders’ equity and cash flows of the Borrower and its Subsidiaries as of the end of and for such year,
and related notes thereto, setting forth in each case, in comparative form the figures for the previous fiscal year, all
reported on by Ernst & Young LLP or other independent public accountants of recognized national standing (without a
 “going concern” or like qualification or exception and without any qualification or exception as to the scope of
such audit (other than with respect to, or resulting from, (A) an upcoming maturity date of any indebtedness for borrowed
money, (B) any actual or potential breach or inability to satisfy a financial covenant under any indebtedness for borrowed
money or (C) any activities, operations, financial results, assets or liabilities of an Unrestricted Subsidiary)) to the
effect that such consolidated financial statements present fairly in all material respects the financial condition as of the
end of and for such year and results of operations and cash flows of the Borrower and such Subsidiaries on a consolidated
basis in accordance with GAAP consistently applied;

 

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(b)               (i) on or before the date that is sixty (60) days (or such later date as may be agreed by the Administrative Agent in its
sole discretion) after the end of the fiscal quarters of the Borrower ending on or about May 31, 2021, August 31, 2021 and November
30, 2021 and (ii) on or before the date that is forty-five (45) days after the end of each fiscal quarter of the Borrower ending
thereafter (but limited to the first three fiscal quarters of each fiscal year of the Borrower), the unaudited consolidated balance
sheet and unaudited consolidated statements of operations and comprehensive income, shareholders’ equity and cash flows of
the Borrower and its Subsidiaries as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year,
setting forth in each case, in comparative form the figures for the corresponding period or periods of (or, in the case of the
balance sheet, as of the end of) the previous fiscal year, all certified by a Financial Officer as presenting fairly in all material
respects the financial condition as of the end of and for such fiscal quarter and such portion of the fiscal year and results of
operations and cash flows of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied,
subject to normal year-end audit adjustments and the absence of footnotes;

 

(c)               
[reserved];

 

(d)              
to the extent applicable, simultaneously with the delivery of each set of consolidated financial statements referred to
in clauses (a) and (b) above, the related unaudited consolidating financial information reflecting adjustments necessary
to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements;

 

(e)              not
later than five (5) days after any delivery of financial statements under paragraph (a) or (b) above,
a certificate (a “Compliance Certificate”) of a Financial Officer in the form of Exhibit E hereof
(i) certifying as to whether a Default then exists and, if a Default does then exist, specifying the details thereof and
any action taken or proposed to be taken with respect thereto and (ii) setting forth reasonably detailed calculations
(A) to the extent the Financial Performance Covenant is then required to be tested, demonstrating compliance with the
Financial Performance Covenant, and (B) in the case of financial statements delivered under paragraph (a)
above, beginning with the financial statements for the fiscal year of the Borrower ending on or about February 28, 2022, of
Excess Cash Flow for such fiscal year;

 

(f)                
[reserved];

 

(g)         
   not later than ten (10) Business Days after the delivery of financial information under Section 5.01(a)
above, a detailed consolidated budget for the Borrower and its Subsidiaries for such fiscal year (including a projected
consolidated balance sheet and consolidated statements of projected income and cash flows as of the end of and for such
fiscal year and setting forth the material assumptions used for purposes of preparing such budget);

 

(h)              promptly
after the same become publicly available, copies of all periodic and other reports, proxy statements and registration statements
(other than amendments to any registration statement (to the extent such registration statement, in the form it became effective,
is delivered to the Administrative Agent), exhibits to any registration statement and, if applicable, any registration statement
on Form S-8) filed by Holdings, any Intermediate Parent, the Borrower or any Restricted Subsidiary with the SEC or with any national
securities exchange; and

 

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(i)                
promptly following any request therefor, such other information regarding the operations, business affairs and financial
condition of the Borrower or any Restricted Subsidiary, or compliance with the terms of any Loan Document, as the Administrative
Agent on its own behalf or on behalf of any Lender may reasonably request in writing.

 

Notwithstanding the foregoing,
the obligations in paragraphs (a) and (b) of this Section 5.01 may be satisfied with respect to financial
information of the Borrower and its Subsidiaries by furnishing (A) the Form 10-K or 10-Q (or the equivalent), as applicable, of
the Borrower (or a parent company thereof) filed with the SEC within the applicable time periods required by applicable law and
regulations or (B) the applicable financial statements of Holdings (or any Intermediate Parent or any direct or indirect parent
of Holdings); provided that (i) to the extent such information relates to a parent of the Borrower, such information
is accompanied by consolidating information, which may be unaudited, that explains in reasonable detail the differences between
the information relating to such parent, on the one hand, and the information relating to the Borrower and its Subsidiaries on
a standalone basis, on the other hand, and (ii) to the extent such information is in lieu of information required to be provided
under Section 5.01(a), such materials are accompanied by a report and opinion of Ernst & Young LLP or any other
independent registered public accounting firm of nationally recognized standing, which report and opinion shall be prepared in
accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification
or exception or any qualification or exception as to the scope of such audit (other than with respect to, or resulting solely from,
(i) an upcoming maturity date of any indebtedness for borrowed money, (ii) any actual or potential breach or inability to satisfy
a financial covenant under any indebtedness for borrowed money or (iii) any activities, operations, financial results, assets or
liabilities of an Unrestricted Subsidiary).

 

Documents required to
be delivered pursuant to Section 5.01(a), (b) or (h) (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 Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet at the website
address listed on Schedule 9.01 (or otherwise notified pursuant to Section 9.01(d)); or (ii) on which such documents
are posted on the Borrower’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). The Administrative
Agent shall have no obligation to request the delivery of or maintain paper copies of the documents referred to above, and each
Lender shall be solely responsible for timely accessing posted documents and maintaining its copies of such documents.

 

Notwithstanding anything
to the contrary herein, neither the Borrower nor any Subsidiary shall be required to deliver, disclose, permit the inspection,
examination or making of copies of or excerpts from, or any discussion of, any document, information, or other matter (i) that
constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative
Agent (or any Lender (or their respective representatives or contractors)) is prohibited by applicable law, (iii) that is subject
to attorney-client or similar privilege or constitutes attorney work product or (iv) with respect to which any Loan Party owes
confidentiality obligations (to the extent not created in contemplation of such Loan Party’s obligations under this Section
5.01) to any third party.

 

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The Borrower hereby
acknowledges that (a) the Administrative Agent and/or the Bookrunners will make available to the Lenders and the Issuing Bank
materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower
Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the
 “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel
who do not wish to receive Material Non-Public Information and who may be engaged in investment and other market-related
activities with respect to the Borrower’s or its Affiliates’ securities. The Borrower hereby agrees that it will
use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public
Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a
minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking
Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the
Bookrunners, the Issuing Bank and the Lenders to treat such Borrower Materials as not containing any Material Non-Public
Information (although it may be sensitive and proprietary) (provided, however, that to the extent such Borrower
Materials constitute Information, they shall be treated as set forth in Section 9.12); (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 Lead 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”; provided that the Borrower’s failure to comply with this
sentence shall not constitute a Default or an Event of Default under this Agreement or the Loan Documents. Notwithstanding
the foregoing, the Borrower shall be under no obligation to mark any Borrower Materials as “PUBLIC”. Each Loan
Party hereby acknowledges and agrees that, unless the Borrower notifies the Administrative Agent in advance, all financial
statements and certificates furnished pursuant to Sections 5.01(a), (b), (c), (d) and (e)
above are hereby deemed to be suitable for distribution, and to be made available, to all Lenders and may be treated by the
Administrative Agent and the Lenders as not containing any Material Non-Public Information.

 

SECTION 5.02              
Notices of Material Events.

 

Promptly after any Responsible
Officer of the Borrower or any Restricted Subsidiary obtains actual knowledge thereof, the Borrower or the applicable Restricted
Subsidiary will furnish to the Administrative Agent (for distribution to each Lender through the Administrative Agent) written
notice of the following:

 

(a)               
the occurrence of any Default or Event of Default;

 

(b)               the occurrence of any ERISA Event that would reasonably be expected, individually or in the aggregate, to result in a Material
Adverse Effect; and

 

(c)               
any other development or event (including without limitation, litigation) that would reasonably be expected, individually
or in the aggregate, to result in a Material Adverse Effect.

 

Each notice delivered under this Section
5.02 shall be accompanied by a written statement of a Responsible Officer of Holdings or the Borrower setting forth the details
of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.

 

SECTION 5.03              
Information Regarding Collateral.

 

(a)              
Holdings or the Borrower will furnish to the Administrative Agent prompt (and in any event within thirty (30) days or such
longer period as reasonably agreed to by the Administrative Agent) written notice of any change (i) in any Loan Party’s
legal name (as set forth in its certificate of organization or incorporation or like document), (ii) in the jurisdiction of
incorporation or organization of any Loan Party or in the form of its organization or (iii) in any Loan Party’s organizational
identification number to the extent that such Loan Party is organized or owns Mortgaged Property in a jurisdiction where an organizational
identification number is required to be included in a UCC financing statement for such jurisdiction.

 

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(b)               
 Not later than five (5) Business Days after delivery of financial statements pursuant to Section 5.01(a), Holdings
or the Borrower shall deliver to the Administrative Agent a certificate executed by a Responsible Officer of Holdings or the Borrower (i)
setting forth any material changes to the information required pursuant to the Perfection Certificate or confirming that there
has been no material change in such information since the date of the Perfection Certificate delivered on the Effective Date or
the date of the most recent certificate delivered pursuant to this Section 5.03 and (ii) identifying any Wholly Owned Restricted
Subsidiary that has become, or ceased to be, a Material Subsidiary or an Excluded Subsidiary during the most recently ended fiscal
quarter.

 

SECTION 5.04              
Existence; Conduct of Business.

 

Each of Holdings and
the Borrower will, and will cause each Restricted Subsidiary to, do or cause to be done all things necessary to obtain, preserve,
renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges, franchises, Intellectual
Property and Governmental Approvals used in the conduct of its business, except to the extent (other than with respect to the preservation
of the existence of Holdings and the Borrower) that the failure to do so would not reasonably be expected to have a Material Adverse
Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under
Section 6.03 or any Disposition permitted by Section 6.05.

 

SECTION 5.05              
Payment of Taxes, etc.

 

Each of Holdings and
the Borrower will, and will cause each Restricted Subsidiary to, pay all Taxes (whether or not shown on a Tax return) imposed upon
it or its income or properties or in respect of its property or assets, before the same shall become delinquent or in default,
except where (a) the same are being contested in good faith by an appropriate proceeding diligently conducted by Holdings, the
Borrower or any of its Subsidiaries or (b) the failure to make payment would not reasonably be expected, individually or in the
aggregate, to result in a Material Adverse Effect.

 

SECTION 5.06              
Maintenance of Properties.

 

The Borrower will, and
will cause each Restricted Subsidiary to, keep and maintain all tangible property material to the conduct of its business in good
working order and condition (subject to casualty, condemnation and ordinary wear and tear), except where the failure to do so would
not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

SECTION 5.07              
Insurance.

 

(a)                The
Borrower will, and will cause each Restricted Subsidiary to, maintain, with insurance companies that the Borrower believes
(in the good faith judgment of the management of the Borrower) are financially sound and responsible at the time the relevant
coverage is placed or renewed, insurance in at least such amounts (after giving effect to any self-insurance which the
Borrower believes (in the good faith judgment of management of the Borrower) is reasonable and prudent in light of the size
and nature of its business) and against at least such risks (and with such risk retentions) as the Borrower believes (in the
good faith judgment or the management of the Borrower) are reasonable and prudent in light of the size and nature of its
business, and will furnish to the Lenders, upon written request from the Collateral Agent, information presented in
reasonable detail as to the insurance so carried. Each such general liability policy of insurance (other than directors and
officers policies, workers compensation policies and business interruption insurance), to the extent covering Collateral and
to the extent the Collateral Agent can be granted an insurable interest therein, shall (i) in the case of each such general
liability policy, name the Collateral Agent, on behalf of the Secured Parties, as an additional insured thereunder as its
interests may appear and (ii) in the case of each such casualty insurance policy, contain a loss payable clause or mortgagee
endorsement that names the Collateral Agent, on behalf of the Lenders as the loss payee or mortgagee thereunder.

 

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(b)               If any portion of any Mortgaged Property is at any time located in an area identified by the Federal Emergency Management
Agency (or any successor agency) as a special flood hazard area with respect to which flood insurance has been made available under
the National Flood Insurance Act of 1968 (as now or hereafter in effect or successor act thereto), then the Borrower shall, or
shall cause each Loan Party to (i) if required by the Flood Insurance Laws or other applicable law, maintain, or cause to be maintained,
with insurance companies that the Borrower believes (in the good faith judgment of the management of the Borrower) are financially
sound and responsible at the time the relevant coverage is placed or renewed, flood insurance in an amount and otherwise sufficient
to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (ii) furnish to the Lenders,
upon written request from the Collateral Agent, information presented in reasonable detail as to the flood insurance so carried.

 

SECTION 5.08              
Books and Records; Inspection and Audit Rights.

 

The Borrower will, and
will cause each Restricted Subsidiary to, maintain proper books of record and account in which entries that are full, true and
correct in all material respects and are in conformity with GAAP (or applicable local standards) consistently applied shall be
made of all material financial transactions and matters involving the assets and business of the Borrower or its Restricted Subsidiary,
as the case may be. The Borrower will, and will cause each Restricted Subsidiary that is a Loan Party to, permit any representatives
designated by the Administrative Agent or any Lender, during normal business hours and upon reasonable prior notice, to visit and
inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition
with its officers and independent accountants, all at such reasonable times and as often as reasonably requested; provided
that, excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on
behalf of the Lenders may exercise visitation and inspection rights of the Administrative Agent and the Lenders under this Section 5.08
and the Administrative Agent shall not exercise such rights more often than one time during any calendar year absent the existence
of an Event of Default and such time shall be at the Borrower’s expense; provided, further that (a) when an Event
of Default exists, the Administrative Agent or any Lender (or any of their respective representatives or independent contractors)
may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon reasonable advance
notice and (b) the Administrative Agent and the Lenders shall give Holdings and the Borrower the opportunity to participate
in any discussions with Holdings’ or the Borrower’s independent public accountants.

 

SECTION 5.09              
Compliance with Laws.

 

(a)                The
Borrower will, and will cause each Restricted Subsidiary to, comply with its Organizational Documents and all Requirements of
Law (including ERISA, Environmental Laws, the USA PATRIOT Act, Office of Foreign Assets Control of the U.S. Department of the
Treasury or the U.S. Department of State, the U.S. Foreign Corrupt Practices Act of 1977 and other anti-money laundering, anti-corruption,
sanctions and anti-terrorism laws) with respect to it, its property and operations, except where the failure to do so, individually
or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

 

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(b)               The
Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its
Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any
Borrowing or Letter of Credit (i) for the purpose of funding, financing or facilitating any activities, business or
transaction of or with any Sanctioned Person, or in any Sanctioned Country except to the extent permissible for a Person
required to comply with Sanctions or where such activities are authorized under a general or specific license, law, or
regulation, (ii) in any manner that would result in the violation of any Sanctions applicable to the Borrower and its
Subsidiaries or to the knowledge of the Borrower, any other party hereto or (iii) in furtherance of an offer, payment,
promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of
any legislation.

 

SECTION 5.10              
Use of Proceeds and Letters of Credit.

 

The Borrower will use
the proceeds of the Loans and Letters of Credit for the purposes set forth in Section 3.16.

 

SECTION 5.11              
Additional Subsidiaries.

 

(a)              
If (i) any additional Restricted Subsidiary or Intermediate Parent is formed or acquired after the Effective Date, (ii)
if any Restricted Subsidiary ceases to be an Excluded Subsidiary or (iii) if the Borrower, at its option, elects to cause a Domestic
Subsidiary, or to the extent reasonably acceptable to the Administrative Agent, a Foreign Subsidiary that is not a Wholly Owned
Subsidiary (including any consolidated Affiliate in which the Borrower and its Subsidiaries own no Equity Interest) to become a
Subsidiary Loan Party, then, the Borrower will, within thirty (30) days (or such longer period as may be agreed to by the Administrative
Agent in its reasonable discretion) after such newly formed or acquired Restricted Subsidiary or Intermediate Parent is formed
or acquired or such Restricted Subsidiary ceases to be an Excluded Subsidiary or the Borrower has made such election, notify the
Administrative Agent thereof, and will cause such Restricted Subsidiary (unless such Restricted Subsidiary is an Excluded Subsidiary)
or Intermediate Parent to satisfy the Collateral and Guarantee Requirement with respect to such Restricted Subsidiary or Intermediate
Parent and with respect to any Equity Interest in or Indebtedness of such Restricted Subsidiary or Intermediate Parent owned by
or on behalf of any Loan Party within thirty (30) days after such notice (or such longer period as the Administrative Agent shall
reasonably agree) and the Administrative Agent shall have received a completed Perfection Certificate (or supplement thereof) with
respect to such Restricted Subsidiary or Intermediate Parent signed by a Responsible Officer, together with all attachments contemplated
thereby.

 

(b)               
Within sixty (60) days (or, to the extent any new Material Subsidiary is organized or incorporated under the laws of a jurisdiction
in which no existing Loan Party is organized or incorporated, within ninety (90) days) (or, in each case, such longer period as
otherwise provided in this Agreement or as the Administrative Agent may reasonably agree) after the Borrower identifies any new
Material Subsidiary pursuant to Section 5.03(b), all actions (if any) required to be taken with respect to such Subsidiary
in order to satisfy the Collateral and Guarantee Requirement shall have been taken with respect to such Subsidiary, to the extent
not already satisfied pursuant to Section 5.11(a).

 

(c)               
Notwithstanding the foregoing, in the event any real property would be required to be mortgaged pursuant to this Section
5.11, Holdings or the Borrower shall be required to comply with the “Collateral and Guarantee Requirement” as it
relates to such real property within ninety (90) days, following the formation or acquisition of such real property or such Restricted
Subsidiary or the identification of such new Material Subsidiary, or such longer time period as agreed by the Administrative Agent
in its reasonable discretion.

 

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SECTION 5.12              
Further Assurances.

 

(a)                Each
of Holdings and the Borrower will, and will cause each Loan Party to, execute any and all further documents, financing statements,
agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture
filings, mortgages, deeds of trust and other documents), that may be required under any applicable law and that the Administrative
Agent or the Required Lenders may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied,
all at the expense of the Loan Parties.

 

(b)                If,
after the Effective Date, any material assets (other than Excluded Assets), including any owned (but not leased or ground-leased)
Material Real Property or improvements thereto or any interest therein, are acquired by the Borrower or any other Loan Party or
are held by any Subsidiary on or after the time it becomes a Loan Party pursuant to Section 5.11 (other than assets constituting
Collateral under a Security Document that become subject to the Lien created by such Security Document upon acquisition thereof
or constituting Excluded Assets), the Borrower will notify the Administrative Agent thereof, and, if requested by the Administrative
Agent, the Borrower will cause such assets to be subjected to a Lien securing the Secured Obligations and will take and cause
the other Loan Parties to take, such actions as shall be necessary and reasonably requested by the Administrative Agent to grant
and perfect such Liens, including actions described in paragraph (a) of this Section and as required pursuant to the
 “Collateral and Guarantee Requirement”, all at the expense of the Loan Parties and subject to the last paragraph of
the definition of the term “Collateral and Guarantee Requirement”. In the event any Material Real Property is mortgaged
pursuant to this Section 5.12(b), the Borrower or such other Loan Party, as applicable, shall be required to comply with
the “Collateral and Guarantee Requirement” and paragraph (a) of this Section 5.12 within ninety (90)
days following the acquisition of such Material Real Property or such longer time period as agreed by the Administrative Agent
in its reasonable discretion.

 

SECTION 5.13              
Designation of Subsidiaries.

 

The Borrower may at any
time after the Effective Date designate any Restricted Subsidiary of the Borrower as an Unrestricted Subsidiary or any Unrestricted
Subsidiary as a Restricted Subsidiary; provided that (i) immediately after such designation on a Pro Forma Basis, no Event
of Default pursuant to Sections 7.01(a), (b), (h) or (i) shall have occurred and be continuing and
(ii) no Subsidiary may be designated as an Unrestricted Subsidiary or continue as an Unrestricted Subsidiary if (A) it is a “Restricted
Subsidiary” for the purpose of any other Material Indebtedness of Holdings or the Borrower, (B) it is the legal owner of
Material Intellectual Property or (C) it owns any Indebtedness or Equity Interests (or holds any Lien on any property) of the Borrower
or any Restricted Subsidiary. The designation of any Subsidiary as an Unrestricted Subsidiary after the Effective Date shall constitute
an Investment by the Borrower therein at the date of designation in an amount equal to the fair market value of the Borrower’s
or its Subsidiary’s (as applicable) investment therein. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary
shall constitute (i) the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing
at such time and (ii) a return on any Investment by the Borrower in Unrestricted Subsidiaries pursuant to the preceding sentence
in an amount equal to the fair market value at the date of such designation of the Borrower’s or its Subsidiary’s (as
applicable) Investment in such Subsidiary.

 

SECTION 5.14              
Certain Post-Closing Obligations.

 

As promptly as
practicable, and in any event within the time periods after the Effective Date specified in Schedule 5.14(a) or such
later date as the Administrative Agent agrees to in writing, including to reasonably accommodate circumstances unforeseen on
the Effective Date, Holdings, the Borrower and each other Loan Party shall deliver the documents or take the actions
specified on Schedules 5.14(a) and 5.14(b), as applicable, that, where such actions are to be taken to
reasonably accommodate circumstances unforeseen on the Effective Date, would have been required to be delivered or taken on
the Effective Date, in each case except to the extent otherwise agreed by the Administrative Agent pursuant to its authority
as set forth in the definition of the term “Collateral and Guarantee Requirement”.

 

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SECTION 5.15              
Maintenance of Ratings.

 

The Borrower shall use
commercially reasonable efforts to maintain (i) a public corporate credit rating (but not any particular rating) from S&P and
a public corporate family rating (but not any particular rating) from Moody’s, in each case in respect of the Borrower, and
(ii) a public rating (but not any particular rating) in respect of the Term Loans made available under this Agreement from each
of S&P and Moody’s.

 

ARTICLE
VI

Negative Covenants

 

From and after the Effective
Date and until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees, expenses
and other amounts payable (other than (i) contingent amounts not yet due and (ii) Cash Management Obligations) under any Loan Document
have been paid in full and all Letters of Credit have expired or been terminated (unless such Letters of Credit have been cash
collateralized or backstopped in amounts, by institutions and otherwise pursuant to arrangements, in each case reasonably satisfactory
to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank)
and all LC Disbursements shall have been fully reimbursed, each of Holdings (with respect to Sections 6.03(c) and (d)
only) and the Borrower covenants and agrees with the Lenders that:

 

SECTION 6.01              
Indebtedness; Certain Equity Securities.

 

(a)               
The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist any Indebtedness,
except:

 

(i)                   
Indebtedness of the Borrower and any of the Restricted Subsidiaries under the Loan Documents (including any Indebtedness
incurred pursuant to Sections 2.20 or 2.21);

 

(ii)                 
Indebtedness outstanding on the Effective Date and any Permitted Refinancing thereof; provided that any Indebtedness
in excess of the greater of $3,500,000 and 3.0% of Consolidated EBITDA for the most recently ended Test Period as of such time,
shall only be permitted if set forth on Schedule 6.01;

 

(iii)                
  Guarantees by the Borrower and its Restricted Subsidiaries in respect of Indebtedness of the Borrower or any Restricted
Subsidiary otherwise permitted hereunder; provided that (A) such Guarantee is otherwise permitted by Section 6.04,
(B) no Guarantee by any Restricted Subsidiary of any Junior Financing or any unsecured Indebtedness for borrowed money that constitutes
Material Indebtedness shall be permitted unless such Restricted Subsidiary shall have also provided a Guarantee of the applicable
Loan Document Obligations pursuant to the Guarantee Agreement and (C) if the Indebtedness being guaranteed is subordinated to the
Loan Document Obligations, such Guarantee shall be subordinated to the Guarantee of the Loan Document Obligations on terms at least
as favorable to the Lenders as those contained in the subordination of such Indebtedness;

 

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(iv)                 
 Indebtedness of the Borrower owing to any Restricted Subsidiary or of any Restricted Subsidiary owing to any other Restricted
Subsidiary or the Borrower, to the extent permitted by Section 6.04; provided that all such Indebtedness of
any Loan Party owing to any Restricted Subsidiary that is not a Loan Party shall be subordinated to the Loan Document Obligations
(to the extent any such Indebtedness is outstanding at any time after the date that is thirty (30) days after the Effective Date
(or the date of acquisition of such Subsidiary) or such later date as the Administrative Agent may reasonably agree) (but only
to the extent permitted by applicable law and not giving rise to material adverse tax consequences) on terms (i) not materially
less favorable, taken as a whole, to the Lenders as those set forth in the Master Intercompany Note or (ii) otherwise reasonably
satisfactory to the Administrative Agent;

 

(v)                    (A) Indebtedness
(including Capital Lease Obligations and purchase money indebtedness) incurred, issued or assumed by the Borrower or any Restricted
Subsidiary to finance the acquisition, purchase, lease, construction, repair, replacement or improvement of fixed or capital property,
equipment or other assets; provided that, in the case of any purchase money Indebtedness, such Indebtedness is incurred
concurrently with or within 270 days after the applicable acquisition, purchase, lease, construction, repair, replacement or improvement;
provided, further that, at the time of any such incurrence of Indebtedness and after giving Pro Forma Effect thereto
and the use of the proceeds thereof, the aggregate principal amount of Indebtedness that is outstanding in reliance on this clause
(v) (excluding any Capital Leases Obligations incurred pursuant to a sale and leaseback transaction permitted under Section
6.06) shall not exceed the greater of $40,000,000 and 33.0% of Consolidated EBITDA for the most recently ended Test Period
as of such time and (B) any Permitted Refinancing of any Indebtedness set forth in the immediately preceding clause (A)
(or successive Permitted Refinancings thereof);

 

(vi)                 
Indebtedness in respect of Swap Agreements incurred in the ordinary course of business and not for speculative purposes;

 

(vii)                
(A) Indebtedness of any Borrower, any Restricted Subsidiary or any Person that becomes a Restricted Subsidiary (or of any
Person not previously a Restricted Subsidiary that is merged or consolidated with or into the Borrower or a Restricted Subsidiary)
incurred, issued or assumed after the Effective Date (including in connection with, or in order to finance, any Permitted Acquisition
or any other Investment not prohibited by Section 6.04); provided that (v) in the case of any such Indebtedness consisting
of term loans secured by a Lien on the Collateral that ranks pari passu with the Liens on the Collateral securing the Loans, the
MFN Adjustment shall apply to such Indebtedness as if such Indebtedness was an Incremental Term Loan, (w) such Indebtedness complies
with the Required Additional Debt Terms, (x) the aggregate principal amount for all such Indebtedness incurred, issued or assumed
pursuant to this clause shall not exceed, at the time of incurrence thereof, the Incremental Cap at such time, (y) any such Indebtedness
incurred, issued or assumed in reliance on clauses (I) or (II) of the definition of “Incremental Cap” may be secured
or unsecured bonds, notes, debentures or loans and, if secured by Liens on the Collateral securing the Secured Obligations, may
be secured either by Liens pari passu with the Liens on the Collateral securing the Secured Obligations (but without regard
to control of remedies) or by Liens having a junior priority relative to the Liens on the Collateral securing the Secured Obligations
and (z) any such Indebtedness incurred, issued or assumed in reliance on clause (III) of the definition of “Incremental Cap”
may be secured bonds, notes, debentures or loans and, if secured by Liens on the Collateral securing the Secured Obligations, may
be secured by Liens pari passu with the Liens on the Collateral securing the Secured Obligations (but without regard to
control of remedies) (any Indebtedness incurred pursuant to this subclause (A), “Incremental Equivalent Debt”),
and (B) any Permitted Refinancing of Indebtedness incurred pursuant to the foregoing subclause (A) (or successive Permitted Refinancings
thereof);

 

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(viii)                
 (A) Indebtedness of the Borrower or any Restricted Subsidiary; provided that (1) if such Indebtedness is secured
by a Lien on the Collateral that ranks pari passu with the Liens on the Collateral securing the Loans, after giving effect to the
incurrence of such Indebtedness on a Pro Forma Basis, the First Lien Leverage Ratio is less than or equal to 4.30 to 1.00, (2)
if such Indebtedness is secured by a Lien on the Collateral that ranks junior in priority (or is otherwise subordinated) to the
Liens on the Collateral securing the Loans, after giving effect to the incurrence of such Indebtedness on a Pro Forma Basis, the
Secured Leverage Ratio is less than or equal to 5.55 to 1.00 or (3) if such Indebtedness is unsecured, after giving effect to the
incurrence of such Indebtedness on a Pro Forma Basis, at the election of the Borrower, (a) the Total Leverage Ratio is less than
or equal to 6.30 to 1.00 or (b) the Interest Coverage Ratio is greater than or equal to 2.00 to 1.00; provided, further,
that (x) such Indebtedness complies with the Required Additional Debt Terms and (y) in the case of any such Indebtedness consisting
of term loans secured by a Lien on the Collateral that ranks pari passu with the Liens on the Collateral securing the Loans, the
MFN Adjustment shall apply to such Indebtedness as if such Indebtedness was an Incremental Term Loan (any Indebtedness incurred
pursuant to this subclause (A), “Ratio Debt”), and (B) any Permitted Refinancing of Indebtedness incurred pursuant
to the foregoing subclause (A) (or successive Permitted Refinancings thereof);

 

(ix)                  
[reserved];

 

(x)                 Indebtedness
in respect of Cash Management Obligations and other Indebtedness in respect of netting services, automated clearinghouse arrangements,
overdraft protections and similar arrangements, in each case, in connection with deposit accounts or from the honoring of a bank
or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course
of business;

 

(xi)               Indebtedness consisting of obligations under deferred compensation (including indemnification obligations, obligations in
respect of purchase price adjustments, Earn-Outs, incentive non-competes and other contingent obligations) or other similar arrangements
incurred or assumed in connection with any Permitted Acquisition, any other Investment or any Disposition, in each case, permitted
under this Agreement;

 

(xii)                 
(A) Indebtedness of the Borrower or any of the Restricted Subsidiaries; provided that at the time of the incurrence
thereof and after giving Pro Forma Effect thereto, the aggregate principal amount of Indebtedness outstanding in reliance on this
clause (xii) shall not exceed the greater of $60,000,000 and 50.0% of Consolidated EBITDA for the most recently ended Test
Period as of such time and (B) any Permitted Refinancing of any Indebtedness set forth in the immediately preceding clause (A)
(or successive Permitted Refinancings thereof);

 

(xiii)              
(A) Indebtedness of, incurred on behalf of, or representing Guarantees of Indebtedness of, joint ventures in an aggregate
outstanding principal amount not to exceed the greater of $30,000,000 and 25.0% of Consolidated EBITDA for the most recently ended
Test Period and (B) any Permitted Refinancing of any Indebtedness set forth in the immediately preceding clause (A)
(or successive Permitted Refinancings thereof);

 

(xiv)                
(A) Indebtedness of the Borrower or any Restricted Subsidiary in an aggregate outstanding principal amount not to exceed
100.0% of the aggregate amount of capital contributions received by the Borrower after the Effective Date in cash or Permitted
Investments (and the fair market value (as determined in good faith by the Borrower) of non-cash capital contributions) in respect
of Qualified Equity Interests (excluding (i) Qualified Equity Interests the proceeds of which will be applied as Cure Amounts,
(ii) the Available Closing Date Equity (other than to the extent received by
the Borrower) and (iii) any other Qualified Equity Interests used for, or otherwise having the effect of increasing, any other
basket under this Agreement) and (B) any Permitted Refinancing of any Indebtedness set forth in the immediately preceding clause (A)
(or successive Permitted Refinancings thereof);

 

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(xv)                 
Indebtedness consisting of (A) the financing of insurance premiums or (B) take-or-pay obligations contained in
supply arrangements, in each case, in the ordinary course of business;

 

(xvi)                
Indebtedness supported by a Letter of Credit, in a principal amount not to exceed the face amount of such Letter of Credit;

 

(xvii)              
(A) Indebtedness arising from an agreement providing for indemnification obligations or obligations in respect of purchase
price (including earn-outs) or other similar adjustments incurred in any Permitted Acquisition, any other Investment or any Disposition,
in each case permitted under this Agreement, and (B) Indebtedness arising from guaranties, letters of credit, bank guaranties,
surety bonds, performance bonds or similar instruments securing the performance pursuant to any such agreement described in clause
(A);

 

(xviii)              
Permitted Unsecured Refinancing Debt and any Permitted Refinancing thereof;

 

(xix)                 
Permitted First Priority Refinancing Debt and any Permitted Refinancing thereof;

 

(xx)                  
(A)(I) Indebtedness of any Person that becomes a Restricted Subsidiary (or of any Person not previously a Restricted
Subsidiary that is merged or consolidated with or into the Borrower or any Restricted Subsidiary) after the Effective Date as a
result of any Permitted Acquisition or any other Investment not prohibited by Section 6.04, or (II) Indebtedness of any
Person that is assumed by the Borrower or any Restricted Subsidiary in connection with an acquisition of assets by the Borrower
or such Restricted Subsidiary in any Permitted Acquisition or any other Investment not prohibited by Section 6.04; provided
that such Indebtedness is not incurred in contemplation of such Permitted Acquisition or other Investment and (B) any Permitted
Refinancing of any Indebtedness set forth in the immediately preceding clause (A) (or successive Permitted Refinancings
thereof);

 

(xxi)                
(A) Indebtedness of any Restricted Subsidiary that is not a Loan Party; provided that the aggregate principal amount
of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Loan Party outstanding in
reliance of this clause (xxi) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto,
the greater of $60,000,000 and 50.0% of Consolidated EBITDA for the most recently ended Test Period and (B) any Permitted Refinancing
of any Indebtedness set forth in the immediately preceding clause (A) (or successive Permitted Refinancings thereof);

 

(xxii)               
Indebtedness incurred by the Borrower or any of the Restricted Subsidiaries in respect of letters of credit, bank guarantees,
warehouse receipts, bankers’ acceptances or similar instruments issued or created in the ordinary course of business, including
in respect of workers compensation claims, health, disability or other employee benefits or property, casualty or liability insurance
or self-insurance or other reimbursement-type obligations regarding workers compensation claims;

 

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(xxiii)     
          obligations in respect of self-insurance and obligations in respect of performance, bid, appeal and surety bonds and performance
and completion guarantees and similar obligations provided by the Borrower or any Restricted Subsidiary or obligations in respect
of letters of credit, bank guarantees or similar instruments related thereto, in each case, in the ordinary course of business
or consistent with past practice;

 

(xxiv)              
(x) Indebtedness representing deferred compensation or stock-based compensation owed to employees, consultants or independent
contractors of Holdings, any Intermediate Parent, the Borrower or its Restricted Subsidiaries incurred in the ordinary course of
business or consistent with past practice and (y) Indebtedness consisting of obligations of the Borrower (or any direct or indirect
parent thereof) or its Restricted Subsidiaries under deferred compensation to employees, consultants or independent contractors
of the Borrower (or any direct or indirect parent thereof) or its Restricted Subsidiaries or other similar arrangements incurred
by such Persons in connection with the Transactions, any Permitted Acquisition or any other Investment not prohibited by Section
6.04;

 

(xxv)                Indebtedness consisting of unsecured promissory notes issued by the Borrower or any Restricted Subsidiary to future, current
or former officers, directors, employees, managers and consultants or their respective estates, spouses or former spouses, successors,
executors, administrators, heirs, legatees or distributees, in each case to finance the purchase or redemption of Equity Interests
of the Borrower (or any direct or indirect parent thereof) to the extent permitted by Section 6.07(a);

 

(xxvi)               (A)
letters of credit or bank guarantees (exclusive of Letters of Credit provided hereunder) and similar instruments incurred by the
Borrowers and their Restricted Subsidiaries; provided that at the time of the incurrence thereof and after giving Pro Forma Effect
thereto, the aggregate principal amount of Indebtedness outstanding in reliance on this clause (xxvi) shall not exceed
the greater of $12,000,000 and 10.0% of Consolidated EBITDA for the most recently ended Test Period as of such time and (B) any
Permitted Refinancing of any Indebtedness set forth in the immediately preceding clause (A) (or successive Permitted
Refinancings thereof);

 

(xxvii)              Capital
Lease Obligations arising under any sale and leaseback transaction permitted hereunder in reliance upon Section 6.05(f);
and

 

(xxviii)            
all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent
interest on obligations described in clauses (i) through (xxvii) above.

 

(b)               
The Borrower will not, and will not permit any Restricted Subsidiary to, issue any preferred Equity Interests or any Disqualified
Equity Interests, except (A) in the case of the Borrower, preferred Equity Interests that are Qualified Equity Interests and (B)(x)
preferred Equity Interests issued to and held by the Borrower or any Restricted Subsidiary and (y) preferred Equity Interests issued
to and held by joint venture partners after the Effective Date; provided that in the case of this clause (B) (x)
any such issuance of preferred Equity Interests that are not Qualified Equity Interests shall constitute incurred Indebtedness
and be subject to the provisions set forth in Sections 6.01(a) and (b) (and shall only be permitted if the incurrence
of such Indebtedness would have been permitted thereunder) and (y) if so incurred, any cash payments made with respect to such
preferred Equity Interests shall constitute Restricted Payments and shall be subject to Section 6.07(a).

 

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For purposes of determining
compliance with any U.S. dollar denominated restriction on the incurrence of Indebtedness, the U.S. dollar equivalent principal
amount of Indebtedness denominated in a foreign currency will be calculated based on the relevant currency exchange rate in effect
on the date such Indebtedness was incurred, in the case of term debt, or first committed, in the case of revolving credit debt;
provided, however, that if such Indebtedness is a Permitted Refinancing incurred to extend, replace, refund, refinance, renew
or defease other Indebtedness denominated in a foreign currency, and such extension, replacement, refunding, refinancing, renewal
or defeasance would cause the applicable U.S. dollar denominated restriction to be exceeded if calculated at the relevant currency
exchange rate in effect on the date of such extension, replacement, refunding, refinancing, renewal or defeasance such U.S. dollar
denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such Permitted Refinancing
does not exceed the principal amount of such Indebtedness being extended, replaced, refunded, refinanced, renewed or defeased.
Notwithstanding any other provision of this Section 6.01, the maximum amount of Indebtedness the Borrower or any Restricted
Subsidiary may incur pursuant to this Section 6.01 shall not be deemed exceeded by fluctuations in the exchange rate of
currencies. The principal amount of any Permitted Refinancing shall be calculated based on the currency exchange rate applicable
to the currencies in which such respective Indebtedness is denominated that is in effect on the date of any extension, replacement,
refunding, refinancing, renewal or defeasance of any Indebtedness.

 

For purposes of determining
compliance with this Section 6.01, (A) Indebtedness need not be permitted solely by reference to one category of permitted
Indebtedness (or any portion thereof) described in Section 6.01(a)(i) through (xxviii) but may be permitted in part
under any combination thereof and (B) in the event that any item of Indebtedness (or any portion thereof) meets the criteria of
one or more of the categories of permitted Indebtedness (or any portion thereof) described in Section 6.01(a)(i) through
(xxviii) (except with respect to Indebtedness incurred on the Effective Date pursuant to Section 6.01(a)(i)), the
Borrower may, in its sole discretion, classify or reclassify, or later divide, classify or reclassify (as if incurred at such later
time), such item of Indebtedness (or any portion thereof) in any manner that complies with this Section 6.01 and will be
entitled to only include the amount and type of such item of Indebtedness (or any portion thereof) in one of the above clauses
(or any portion thereof) and such item of Indebtedness (or any portion thereof) shall be treated as having been incurred or existing
pursuant to only such clause or clauses (or any portion thereof) without giving pro forma effect to such item (or portion thereof)
when calculating the amount of Indebtedness that may be incurred pursuant to any other clause; provided that all Indebtedness
outstanding under this Agreement on the Effective Date shall at all times be deemed to have been incurred pursuant to Section
6.01(a)(i). In addition, with respect to any Indebtedness that was permitted to be incurred hereunder on the date of such incurrence,
any Increased Amount of such Indebtedness shall also be permitted hereunder after the date of such incurrence.

 

This Agreement will
not treat (1) unsecured Indebtedness as subordinated or junior to secured Indebtedness merely because it is unsecured or (2) senior
Indebtedness as subordinated or junior to any other senior Indebtedness merely because it has a junior priority with respect to
the same collateral.

 

SECTION 6.02              
Liens.

 

The Borrower will not,
and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now
owned (but not leased or ground-leased) or hereafter acquired (but not leased or ground-leased) by it, except:

 

(i)                
Liens created under the Loan Documents;

 

(ii)               
Permitted Encumbrances;

 

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(iii)               Liens
existing on the Effective Date and any modifications, replacements, renewals or extensions thereof; provided that any
Lien securing Indebtedness or other obligations in excess of $3,500,000 shall only be permitted if set forth on Schedule 6.02; provided
further that (A) such modified, replacement, renewal or extension Lien does not extend to any additional property
other than (1) after-acquired property that is affixed or incorporated into the property covered by such Lien and
(2) proceeds and products thereof, and (B) the obligations secured or benefited by such modified, replacement,
renewal or extension Lien are permitted by Section 6.01;

 

(iv)              
Liens securing Indebtedness permitted under Section 6.01(a)(v); provided that (A) such Liens attach
concurrently with or within 270 days after the acquisition, repair, replacement, construction or improvement (as applicable) of
the property subject to such Liens, (B) such Liens do not at any time encumber any property other than the property financed
by such Indebtedness except for replacements, additions, accessions and improvements to such property and the proceeds and the
products thereof, and any lease of such property (including accessions thereto) and the proceeds and products thereof and (C) with
respect to Capital Lease Obligations, such Liens do not at any time extend to or cover any assets (except for replacements, additions,
accessions and improvements to or proceeds of such assets) other than the assets subject to such Capital Lease Obligations; provided
further that individual financings of equipment provided by one lender may be cross collateralized to other financings of equipment
provided by such lender;

 

(v)               
(i) easements, leases, licenses, subleases or sublicenses granted to others (including licenses and sublicenses of Intellectual
Property) that do not (A) interfere in any material respect with the business of the Borrower and its Restricted Subsidiaries,
taken as a whole, or (B) secure any Indebtedness and (ii) any interest or title of a lessor or licensee under any lease
or license entered into by the Borrower or any Restricted Subsidiary in the ordinary course of its business and covering only the
assets so leased or licensed;

 

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

 

(vii)           
 Liens (A) of a collection bank arising under Section 4-210 of the Uniform Commercial Code, or any comparable or
successor provision, on items in the course of collection, (B) attaching to pooling, commodity trading accounts or other commodity
brokerage accounts incurred in the ordinary course of business or (C) in favor of a banking or other financial institution
or entity, or electronic payment service provider, arising as a matter of law encumbering deposits (including the right of setoff)
and that are within the general parameters customary in the banking or finance industry;

 

(viii)           
Liens (A) on cash advances or escrow deposits in favor of the seller of any property to be acquired in an Investment permitted
pursuant to Section 6.04 to be applied against the purchase price for such Investment or otherwise in connection with any
escrow arrangements with respect to any such Investment or any Disposition permitted under Section 6.05 (including any letter
of intent or purchase agreement with respect to such Investment or Disposition), or (B) consisting of an agreement to dispose
of any property in a Disposition permitted under Section 6.05, in each case, solely to the extent such Investment or
Disposition, as the case may be, would have been permitted on the date of the creation of such Lien;

 

(ix)              
Liens on property or other assets of any Restricted Subsidiary that is not a Loan Party, which Liens secure Indebtedness
or other obligations of such Restricted Subsidiary or another Restricted Subsidiary that is not a Loan Party, in each case permitted
by this Agreement;

 

(x)               
Liens granted by a Restricted Subsidiary that is not a Loan Party in favor of any Restricted Subsidiary and Liens granted
by a Loan Party in favor of any other Loan Party;

 

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(xi)              
 Liens existing on property or other assets at the time of its acquisition or existing on the property or other assets
of any Person at the time such Person becomes a Restricted Subsidiary, in each case after the Effective Date and any modifications,
replacements, renewals or extensions thereof; provided that (A) such Lien was not created in contemplation of such
acquisition or such Person becoming a Restricted Subsidiary and (B) such Lien does not extend to or cover any other assets
or property (other than the proceeds or products thereof and other than after-acquired property subject to a Lien securing Indebtedness
and other obligations incurred prior to such time and which Indebtedness and other obligations are permitted hereunder that require
or include, pursuant to their terms at such time, a pledge of after-acquired property, it being understood that such requirement
shall not be permitted to apply to any property to which such requirement would not have applied but for such acquisition);

 

(xii)            
any interest or title of a lessor or sublessor under leases or subleases (other than leases constituting Capital Lease Obligations)
entered into by the Borrower or any Restricted Subsidiary in the ordinary course of business;

 

(xiii)            
Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale or purchase of goods
by the Borrower or any Restricted Subsidiary in the ordinary course of business;

 

(xiv)           
Liens deemed to exist in connection with Investments in repurchase agreements under clause (e) of the definition
of the term “Permitted Investments”;

 

(xv)             Liens encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading
accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes;

 

(xvi)            
Liens that are contractual rights of setoff (A) relating to the establishment of depository relations with banks not
given in connection with the incurrence of Indebtedness, (B) relating to pooled deposit or sweep accounts to permit satisfaction
of overdraft or similar obligations incurred in the ordinary course of business of the Borrower and its Restricted Subsidiaries
or (C) relating to purchase orders and other agreements entered into with customers of the Borrower or any Restricted Subsidiary
in the ordinary course of business;

 

(xvii)       
     [Reserved];

 

(xviii)          
Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto;

 

(xix)             
Liens securing Indebtedness permitted under Section 6.01(a)(xix);

 

(xx)              
Liens on real property other than the Mortgaged Properties;

 

(xxi)             
[Reserved];

 

(xxii)            
Liens securing Indebtedness permitted under Section 6.01(a)(vii), (viii) or (xii);

 

(xxiii)           
Liens on cash and Permitted Investments to secure Indebtedness permitted under Section 6.01(a)(x) or (xxvi);

 

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(xxiv)          
 Liens on cash and Permitted Investments used to satisfy or discharge Indebtedness; provided such satisfaction or
discharge is permitted hereunder;

 

(xxv)           
Receipt of progress payments and advances from customers in the ordinary course of business to the extent the same creates
a Lien on the related inventory and proceeds thereof;

 

(xxvi)          
Liens on Equity Interests of any joint venture (a) securing obligations of such joint venture or (b) pursuant to the relevant
joint venture agreement or arrangement;

 

(xxvii)         
Liens securing Indebtedness permitted under Section 6.01(a)(xxi); and

 

(xxviii) 
       other Liens; provided that at the time of the granting of and after giving Pro Forma Effect to any such Lien and
the obligations secured thereby (including the use of proceeds thereof) the lesser of (x) the aggregate outstanding face amount
of obligations secured by Liens existing in reliance on this clause (xxviii) and (y) the fair market value of the assets
securing such obligations shall not exceed the greater of $60,000,000 and 50.0% of Consolidated EBITDA for the most recently ended
Test Period.

 

For purposes of determining
compliance with this Section 6.02, (A) a Lien securing an item of Indebtedness need not be permitted solely by reference
to one category of permitted Liens (or any portion thereof) described in Section 6.02(i) through (xxviii) but may
be permitted in part under any combination thereof and (B) in the event that a Lien securing an item of Indebtedness (or any portion
thereof) meets the criteria of one or more of the categories of permitted Liens (or any portion thereof) described in Section
6.02(i) through (xxviii) (except with respect to Liens incurred pursuant to Section 6.02(i) securing Indebtedness
incurred on the Effective Date), the Borrower may, in its sole discretion, classify or reclassify, or later divide, classify or
reclassify (as if incurred at such later time), such Lien securing such item of Indebtedness (or any portion thereof) in any manner
that complies with this Section 6.02 and will be entitled to only include the amount and type of such Lien or such item
of Indebtedness secured by such Lien (or any portion thereof) in one of the above clauses and such Lien securing such item of Indebtedness
(or portion thereof) will be treated as being incurred or existing pursuant to only such clause or clauses (or any portion thereof)
without giving pro forma effect to such item (or portion thereof) when calculating the amount of Liens or Indebtedness that may
be incurred pursuant to any other clause. In addition, with respect to any Lien securing Indebtedness that was permitted to secure
such Indebtedness at the time of the incurrence of such Indebtedness, such Lien shall also be permitted to secure any Increased
Amount of such Indebtedness.

 

SECTION 6.03              
Fundamental Changes; Holdings Covenant.

 

(a)               
The Borrower will not, and will not permit any other Restricted Subsidiary to, merge into or consolidate with any other
Person (including pursuant to a division), or permit any other Person to merge into or consolidate with it, or liquidate or dissolve,
except that:

 

(i)                
any Restricted Subsidiary may merge or consolidate with (A) the Borrower; provided that the Borrower shall be the
continuing or surviving Person or (B) any one or more other Restricted Subsidiaries; provided that when any Subsidiary Loan
Party is merging or consolidating with another Restricted Subsidiary the continuing or surviving Person shall be a Subsidiary Loan
Party; provided further that if the continuing or surviving Person is not a Subsidiary Loan Party, as applicable, the acquisition
of such Subsidiary Loan Party by such surviving non-Loan Party Restricted Subsidiary is otherwise permitted under Section 6.04;

 

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(ii)              
 (A) any Restricted Subsidiary that is not a Loan Party may merge or consolidate with or into any other Restricted
Subsidiary that is not a Loan Party and (B) any Restricted Subsidiary may liquidate or dissolve or change its legal form if
the Borrower determines in good faith that such action is in the best interests of the Borrower and its Restricted Subsidiaries
and is not materially disadvantageous to the Lenders;

 

(iii)            
any Restricted Subsidiary may make a Disposition of all or substantially all of its assets (upon voluntary liquidation or
otherwise) to the Borrower or another Restricted Subsidiary; provided that if the transferor in such a transaction is a
Loan Party, then (A) the transferee must be a Loan Party, (B) to the extent constituting an Investment, such Investment
must be a permitted Investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 6.04
or (C) to the extent constituting a Disposition to a Restricted Subsidiary that is not a Loan Party, such Disposition is for
fair market value (as determined in good faith by the Borrower) and any promissory note or other non-cash consideration received
in respect thereof is a permitted Investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 6.04;

 

(iv)             
the Borrower may merge or consolidate with (or Dispose of all or substantially all of its assets to) any other Person; provided
that (A) the Borrower shall be the continuing or surviving Person or (B) if the Person formed by or surviving any such merger or
consolidation is not the Borrower or is a Person into which the Borrower has been liquidated (or, in connection with a Disposition
of all or substantially all of the Borrower’s assets, if the transferee of such assets) (any such Person, the “Successor
Borrower”), (1) the Successor Borrower shall be an entity organized or existing under the laws of the United States,
any State thereof or the District of Columbia, (2) the Successor Borrower shall expressly assume all the obligations of the Borrower
under this Agreement and the other Loan Documents to which the Borrower is a party, pursuant to a supplement hereto or thereto
in form and substance reasonably satisfactory to the Administrative Agent, (3) each Loan Party other than the Borrower, unless
it is the other party to such merger or consolidation, shall have reaffirmed, pursuant to an agreement in form and substance reasonably
satisfactory to the Administrative Agent, that its Guarantee of and grant of any Liens as security for the Secured Obligations
shall apply to the Successor Borrower’s obligations under this Agreement, and (4) the Borrower shall have delivered to the
Administrative Agent a certificate of a Responsible Officer and an opinion of counsel, each stating that such merger or consolidation
complies with this Agreement; provided further that (y) if the foregoing requirements are satisfied, the Successor Borrower
will succeed to, and be substituted for, the Borrower under this Agreement and the other Loan Documents; provided further
that the Borrower will use commercially reasonable efforts to provide any documentation and other information about the Successor
Borrower as shall have been reasonably requested in writing by any Lender or Issuing Bank through the Administrative Agent that
such Lender or Issuing Bank shall have reasonably determined is required by regulatory authorities under applicable “know
your customer” and anti-money laundering rules and regulations, including Title III of the USA PATRIOT Act;

 

(v)               
the Borrower and its Subsidiaries may undertake or consummate any Tax Restructuring;

 

(vi)             
[Reserved];

 

(vii)            
any Restricted Subsidiary may merge, consolidate or amalgamate with any other Person in order to effect an Investment permitted
pursuant to Section 6.04; provided that the continuing or surviving Person shall be the Borrower or a Restricted
Subsidiary, which together with each of the Restricted Subsidiaries, shall have complied with the requirements of Sections 5.11
and 5.12; and

 

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(viii)          
 any Restricted Subsidiary may effect a merger, dissolution, liquidation, consolidation or amalgamation to effect a Disposition
permitted pursuant to Section 6.05.

 

(b)               
Neither the Borrower, nor any Subsidiary Loan Party, shall amend or permit any amendments to such Person’s Organizational
Documents after the Effective Date in any manner that (when taken as a whole) would be materially adverse to Lenders.

 

(c)               
Holdings will not, and will not permit any Intermediate Parent to, conduct, transact or otherwise engage in any material
business or material operations other than (i) the ownership and/or acquisition of the Equity Interests of the Borrower and any
Intermediate Parent, (ii) the performance of obligations under and compliance with its Organizational Documents, or other Requirement
of Law (including the maintenance of its legal existence, including the ability to incur fees, costs and expenses relating to such
maintenance), ordinance, regulation, rule, order, judgment, decree or permit, including as a result of or in connection with the
activities of any Intermediate Parent, the Borrower and its Restricted Subsidiaries, (iii) repurchases of Indebtedness through
open market purchases and Dutch auctions (to the extent permitted hereunder and to the extent any Loans are automatically and irrevocably
cancelled after repurchase), the making of any loan to any officers, directors, managers, members of management, consultants or
independent contractors constituting (or that would constitute, to the extent Holdings were subject to Section 6.04,
an Investment permitted under Section 6.04) and the making of any Investment in any Intermediate Parent, the Borrower or
its Restricted Subsidiaries, (iv) participating in tax, accounting and other administrative matters related to any Intermediate
Parent, the Borrower and its Restricted Subsidiaries, (v) the entry into, and exercise rights and performance of its obligations
under and in connection with the Loan Documents and Guarantees of other Indebtedness not prohibited from being incurred under this
Agreement by any Intermediate Parent, the Borrower and its Restricted Subsidiaries, (vi) any public offering of its common stock
or any other issuance or registration of its Qualified Equity Interests for sale or resale (including, for the avoidance of doubt,
the making of any dividend or distribution on account of, or any redemption, retirement, sinking fund or similar payment, purchase
or other acquisition for value of, any shares of any class of Qualified Equity Interests), including the costs, fees and expenses
related thereto, (vii) holding of any cash and Permitted Investments received from any Intermediate Parent, the Borrower and its
Subsidiaries, (viii) the payment of dividends or making of distributions, making of loans and contributions to the capital of its
Subsidiaries and guaranteeing the obligations (other than Indebtedness) of its Subsidiaries and making Investments expressly permitted
to be made by Holdings or any Intermediate Parent under this Agreement or structured through Holdings or any Intermediate Parent
and promptly contributed to a Subsidiary thereof in a manner not prohibited by this Agreement, (ix) incurring fees, costs and expenses
relating to overhead and general operating expenses including professional fees for legal, tax and accounting issues and paying
taxes, (x) providing indemnification for its current and former officers, directors, managers, members of management, employees,
advisors, consultants or independent contractors, (xi) performing of its obligations under the Acquisition Agreement and the other
documents and agreements related thereto or contemplated thereby, (xii) activities reasonably incidental to (1) the payment of
Public Company Costs or (2) the consummation of a Tax Restructuring and (xiii) activities incidental to the businesses or activities
described in the foregoing clauses. Holdings will not permit any Lien to exist on the Equity Interests of the Borrower and any
Intermediate Parent, other than Liens permitted by Section 6.02(i) and (xxii) (other than in respect of Indebtedness
permitted under Section 6.01(a)(xii)) and any non-consensual Liens permitted under Section 6.02.

 

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(d)                Holdings
may merge, amalgamate or consolidate with any other Person (other than the Borrower); provided that (i) Holdings shall
be the continuing or surviving Person or (ii) if the Person formed by or surviving any such merger, amalgamation or
consolidation is not Holdings (any such Person, the “Successor Holdings”) (A) the Successor Holdings shall
be an entity organized or existing under the laws of the United States, any State thereof or the District of Columbia, (B)
(x) the Successor Holdings shall expressly assume all the obligations of Holdings under this Agreement and the other Loan
Documents to which Holdings, is a party, in each case, pursuant to a written supplement hereto or thereto in form and
substance reasonably satisfactory to the Administrative Agent and (y) for the avoidance of doubt, any such merger,
amalgamation or consolidation shall not impair the Guarantee and the security interest of the Collateral Agent and the
Lenders under the Security Documents in the Collateral in any material respect (and shall not otherwise be adverse to the
Agents and the Lenders in any material respect) and Holdings shall have taken such actions as are reasonably requested by the
Administrative Agent and/or the Collateral Agent to ensure that any Liens granted by Holdings continue to remain enforceable
and perfected in accordance with the relevant Security Documents, (C) the Successor Holdings shall, immediately following
such merger, amalgamation or consolidation, directly or indirectly own all Subsidiaries owned by Holdings immediately prior
to such transaction, unless such Subsidiary is the other party to such merger, amalgamation or consolidation, (D) Holdings
shall have delivered to the Administrative Agent (1) a certificate of a Responsible Officer stating that such merger,
amalgamation or consolidation complies with this Agreement and (2) if requested by the Administrative Agent, a customary
opinion of counsel to the Loan Parties in connection with such merger, amalgamation or consideration, in form and substance
reasonably satisfactory to the Administrative Agent and (E) the Successor Holdings shall have no assets, liabilities, liens
or operations other than those permitted by this Section 6.03; provided, further, that (x) no Event of
Default exists immediately before or after giving effect to such merger, amalgamation or consolidation and (y) if the
foregoing requirements are satisfied, the Successor Holdings will succeed to, and be substituted for, Holdings under this
Agreement and the other Loan Documents to which such Successor Holdings is a party; provided, further, that
Holdings, as applicable, agrees to provide the Administrative Agent five (5) Business Days’ (or such shorter period as
may be agreed to by the Administrative Agent) prior written notice of such merger, amalgamation or consolidation and any
documentation and other information about the Successor Holdings at least three (3) Business Days prior to the consummation
of such merger, amalgamation or consolidation as shall have been reasonably requested in writing by any the Lender through
the Administrative Agent that such Lender shall have reasonably determined is be required by regulatory authorities under
applicable “know your customer” laws and applicable anti-money-laundering rules and regulations, including the
USA PATRIOT Act.

 

SECTION 6.04              
Investments, Loans, Advances, Guarantees and Acquisitions.

 

The Borrower will not,
and will not permit any Restricted Subsidiary to, make or hold any Investment, except:

 

(a)               
Permitted Investments at the time such Permitted Investment is made and purchases of assets in the ordinary course of business
consistent with past practice;

 

(b)               
loans or advances to officers, members of the Board of Directors and employees of Holdings, the Borrower and its Restricted
Subsidiaries (i) for reasonable and customary business-related travel, entertainment, relocation and analogous ordinary business
purposes, (ii) in connection with such Person’s purchase of Equity Interests of Holdings (or any direct or indirect
parent thereof) (provided that the amount of such loans and advances made in cash to such Person shall be immediately contributed
to the Borrower in cash as common equity or Qualified Equity Interests and shall not increase the Available Equity Amount or constitute
Cure Amounts) and (iii) for purposes not described in the foregoing clauses (i) and (ii), in an aggregate
principal amount outstanding at any time in reliance on this clause (iii) not to exceed the greater of $9,000,000 and 7.5% of Consolidated
EBITDA for the most recently ended Test Period as of such time;

 

(c)                Investments
by the Borrower in any Restricted Subsidiary and Investments by any Restricted Subsidiary in any of the Borrower or any other
Restricted Subsidiary; provided that, other than with respect to any such Investment made in the ordinary course of
business, the aggregate outstanding amount of all Investments made pursuant to this Section 6.04(c) in any Restricted
Subsidiary that is not a Loan Party shall not exceed an aggregate amount equal to the greater of $90,000,000 and 75% of
Consolidated EBITDA for the most recently ended Test Period after giving effect to such Investment;

 

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(d)               
Investments consisting of extensions of trade credit and accommodation guarantees in the ordinary course of business;

 

(e)               
Investments (i) existing or contemplated on the Effective Date and any modification, replacement, renewal, reinvestment
or extension thereof; provided that any Investment in an amount greater than $3,500,000 shall only be permitted if set forth on
Schedule 6.04(e) and (ii) Investments existing on the Effective Date by any Borrower or any Restricted Subsidiary in any
Borrower or any Restricted Subsidiary and any modification, renewal or extension thereof; provided, in each case, that the
amount of the Investment as of the Effective Date is not increased except by the terms of such Investment to the extent, in the
event such increase is in excess of $3,500,000, set forth on Schedule 6.04(e) or as otherwise permitted by this Section
6.04;

 

(f)                
Investments in Swap Agreements incurred in the ordinary course of business and not for speculative purposes;

 

(g)               
promissory notes and other non-cash consideration received in connection with Dispositions permitted by Section 6.05;

 

(h)               
Permitted Acquisitions;

 

(i)                
Investments in connection with the Transactions;

 

(j)                
Investments in the ordinary course of business consisting of Uniform Commercial Code Article 3 endorsements for collection
or deposit and Uniform Commercial Code Article 4 customary trade arrangements with customers in the ordinary course of business;

 

(k)               
Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy or reorganization
of suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers or upon
the foreclosure with respect to any secured Investment or other transfer of title with respect to any secured Investment;

 

(l)                
loans and advances to Holdings (or any direct or indirect parent thereof) or any Intermediate Parent in lieu of, and not
in excess of the amount of (after giving effect to any other loans, advances or Restricted Payments in respect thereof), Restricted
Payments to the extent permitted to be made to Holdings (or such parent) or such Intermediate Parent in accordance with Section 6.07(a);

 

(m)              additional
Investments and other acquisitions; provided that the aggregate outstanding amount of such Investment or acquisition
made in reliance on this clause (m), together with the aggregate amount of all consideration paid (excluding the
Net Proceeds from the issuance of such Qualified Equity Interests) in connection with all other Investments and acquisitions
made in reliance on this clause (m) (including the aggregate principal amount of all Indebtedness assumed in
connection with any such other Investment or acquisition previously made under this clause (m)), shall not exceed the
sum of (A) (i) the greater of $60,000,000 and 50.0% of Consolidated EBITDA for the most recently ended Test Period after
giving Pro Forma Effect to the making of such Investment or other acquisition; plus (ii) the Available General RP
Capacity Amount at such time; plus (B) the Available Amount that is Not Otherwise Applied as in effect immediately
prior to the time of making of such Investment, plus (C) the Available Equity Amount that is Not Otherwise Applied as
in effect immediately prior to the time of making of such Investment, plus (D) Investments in an aggregate outstanding
amount not to exceed the portion, if any, of any unused amounts available under Section 6.07(a)(v) or 6.07(a)(xv)
for Restricted Payments on the relevant date of determination that the Borrower elects to apply pursuant to this Section
6.04(m); provided that any Investment made in reliance on preceding clause (B), to the extent made using
the Retained ECF Basket, shall be subject to (x) no Event of Default having occurred and be continuing or resulting therefrom
and (y) before and after giving Pro Forma Effect to such Investment, on a Pro Forma Basis, the Total Leverage Ratio being
less than or equal to 4.30 to 1.00 as of the end of the mostly recently ended Test Period as of such time;

 

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(n)               
advances of payroll payments to employees in the ordinary course of business;

 

(o)               
Investments and other acquisitions to the extent that payment for such Investments is made with Qualified Equity Interests
(or any direct or indirect parent thereof);

 

(p)               
Investments of a Subsidiary acquired after the Effective Date or of a Person merged or consolidated with any Subsidiary
in accordance with this Section 6.04 and Section 6.03 after the Effective Date or that otherwise becomes a Subsidiary
(provided that if such Investment is made under Section 6.04(h), existing Investments in subsidiaries of such Subsidiary
or Person shall comply with the requirements of Section 6.04(h)) to the extent that such Investments were not made in contemplation
of or in connection with such acquisition, merger or consolidation and were in existence on the date of such acquisition, merger
or consolidation;

 

(q)               
receivables owing to the Borrower or any Restricted Subsidiary, if created or acquired in the ordinary course of business;

 

(r)                
Investments (A) for utilities, security deposits, leases and similar prepaid expenses incurred in the ordinary course of
business and (B) trade accounts created, or prepaid expenses accrued, in the ordinary course of business;

 

(s)                
Investments in the Borrower or any Restricted Subsidiary in connection with any Tax Restructuring;

 

(t)                
additional Investments so long as at the time of any such Investment and after giving effect thereto, (A) on a Pro
Forma Basis, the Total Leverage Ratio is no greater than 4.05 to 1.00 and (B) no Event of Default exists or would result therefrom;

 

(u)               
Investments consisting of Indebtedness, Liens fundamental changes, Dispositions and Restricted Payments permitted (other
than by reference to this Section 6.04(u)) under Sections 6.01, 6.02, 6.03, 6.05 and 6.07,
respectively;

 

(v)               
contributions to a “rabbi” trust for the benefit of employees, directors, consultants, independent contractors
or other service providers or other grantor trust subject to claims of creditors in the case of a bankruptcy of the Borrower;

 

(w)             
to the extent that they constitute Investments, purchases and acquisitions of inventory, supplies, materials or equipment
or purchases, acquisitions, licenses or leases of other assets, Intellectual Property, or other rights, in each case in the ordinary
course of business;

 

(x)               
Investments in joint ventures (or in any Restricted Subsidiary to enable such Restricted Subsidiary to make substantially
concurrent Investments in joint ventures) in an aggregate outstanding amount not to exceed the greater of $40,000,000 and 33.0%
of Consolidated EBITDA for the most recently ended Test Period;

 

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(y)               
 Investments by an Unrestricted Subsidiary entered into prior to the day such Unrestricted Subsidiary is re-designated as
a Restricted Subsidiary pursuant to the definition of “Unrestricted Subsidiary”;

 

(z)               
Investments in Unrestricted Subsidiaries (or in any Restricted Subsidiary to enable such Restricted Subsidiary to make substantially
concurrent Investments in Unrestricted Subsidiaries) in an aggregate outstanding amount not to exceed the greater of $40,000,000
and 33.0% of Consolidated EBITDA for the most recently ended Test Period;

 

(aa)            
Investments in Similar Businesses (or in any Restricted Subsidiary to enable such Restricted Subsidiary to make substantially
concurrent Investments in Similar Businesses) in an aggregate outstanding amount not to exceed the greater of $40,000,000 and 33.0%
of Consolidated EBITDA for the most recently ended Test Period; and

 

(bb)           
Investments arising as a result of sale and leaseback transactions permitted by Section 6.06 hereto.

 

Notwithstanding anything
to the contrary in this Section 6.04, no Material Intellectual Property as of the Effective Date owned by any Loan Party
may be contributed and/or assigned as an Investment or otherwise transferred to any non-Loan Party.

 

SECTION 6.05              
Asset Sales.

 

The Borrower will not,
and will not permit any Restricted Subsidiary to, (i) sell, transfer, lease or otherwise dispose (including pursuant to a division)
of any asset, including any Equity Interest owned by it or (ii) permit any Restricted Subsidiary to issue any additional Equity
Interest in such Restricted Subsidiary (other than issuing directors’ qualifying shares, nominal shares issued to foreign
nationals to the extent required by applicable Requirements of Law and other than issuing Equity Interests to the Borrower or a
Restricted Subsidiary in compliance with Section 6.04(c)) (each, a “Disposition” and the term “Dispose”
as a verb has the corresponding meaning), except:

 

(a)               
Dispositions of obsolete, damaged, used, surplus or worn out property, whether now owned or hereafter acquired, in the ordinary
course of business and Dispositions of property no longer used or useful, or economically practicable to maintain, in the conduct
of the business of the Borrower and its Restricted Subsidiaries (including allowing any registration or application for registration
of any Intellectual Property that is no longer used or useful, or economically practicable to maintain, to lapse, go abandoned,
or be invalidated);

 

(b)               
Dispositions of inventory and other assets in the ordinary course of business and immaterial assets (considered in the aggregate)
in the ordinary course of business;

 

(c)               
Dispositions of property to the extent that (i) such property is exchanged for credit against the purchase price of
similar replacement property or (ii) an amount equal to Net Proceeds of such Disposition are promptly applied to the purchase
price of such replacement property;

 

(d)               
Dispositions of property to the Borrower or a Restricted Subsidiary; provided that if the transferor in such a transaction
is a Loan Party, then (i) the transferee must be a Loan Party, (ii) to
the extent constituting an Investment, such Investment must be a Permitted Investment in a Restricted Subsidiary that is not a
Loan Party in accordance with Section 6.04 or (iii) to the extent constituting a Disposition to a Restricted Subsidiary
that is not a Loan Party, such Disposition is for fair market value (as determined in good faith by the Borrower) and any promissory
note or other non-cash consideration received in respect thereof is a permitted investment in a Restricted Subsidiary that is
not a Loan Party in accordance with Section 6.04;

 

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(e)               
Dispositions permitted by Section 6.03 and Investments permitted by Section 6.04, Restricted Payments
permitted by Section 6.07 and Liens permitted by Section 6.02;

 

(f)                
Dispositions of property pursuant to sale and leaseback transactions permitted by Section 6.06 hereto;

 

(g)               
Dispositions of Permitted Investments;

 

(h)               
Dispositions of accounts receivable in connection with the collection or compromise thereof (including sales to factors
or other third parties);

 

(i)                
leases, subleases, service agreements, product sales, abandonments, licenses, sublicenses or other disposals (including
of Intellectual Property), in each case that do not materially interfere with the business of the Borrower and its Restricted Subsidiaries,
taken as a whole;

 

(j)                
transfers of property subject to Casualty Events;

 

(k)               
Dispositions of property to Persons other than Restricted Subsidiaries (including the sale or issuance of Equity Interests
of a Restricted Subsidiary) for fair market value (as determined by a Responsible Officer of the Borrower in good faith) not otherwise
permitted under this Section 6.05; provided that with respect to any Disposition pursuant to this clause (k)
for a purchase price in excess of (x) with respect to any single transaction or series of related transactions, the greater
of $12,500,000 and 10.0% of the Consolidated EBITDA as of the most recently ended Test Period, or (y) with respect to all
other Dispositions in any fiscal year not excluded from the requirements of this proviso pursuant to the immediately preceding
subclause (x), the greater of $25,000,000 and 20.0% of the Consolidated EBITDA as of the most recently ended Test Period,
the Borrower or any Restricted Subsidiary shall receive not less than 75% of such consideration in the form of cash or Permitted
Investments; provided, however, that solely for the purposes of this clause (k), (A) any liabilities
(as shown on the most recent balance sheet of the Borrower or such Restricted Subsidiary or in the footnotes thereto) of the Borrower
or such Restricted Subsidiary, other than liabilities that are by their terms subordinated in right of payment to the Loan Document
Obligations, that are assumed by the transferee with respect to the applicable Disposition and for which the Borrower and all
of the Restricted Subsidiaries shall have been validly released by all applicable creditors in writing, shall be deemed to be
cash, (B) any securities, notes or other obligations or assets received by the Borrower or such Restricted Subsidiary from
such transferee that are converted by the Borrower or such Restricted Subsidiary into cash or Permitted Investments (to the extent
of the cash or Permitted Investments received) within one hundred and eighty (180) days following the closing of the applicable
Disposition, shall be deemed to be cash, (C) Indebtedness of any Restricted Subsidiary that ceases to be a Restricted Subsidiary
as a result of such Disposition (other than intercompany debt owed to the Borrower or its Restricted Subsidiaries), to the extent
that the Borrower and all of the Restricted Subsidiaries (to the extent previously liable thereunder) are released from any guarantee
of payment of the principal amount of such Indebtedness in connection with such Disposition, shall be deemed to be cash and (D)
any Designated Non-Cash Consideration received by the Borrower or such Restricted Subsidiary in respect of such Disposition having
an aggregate fair market value (as determined by a Responsible Officer of the Borrower in good faith), taken together with all
other Designated Non-Cash Consideration received pursuant to this clause (k) that is at that time outstanding, not
in excess of the greater of $40,000,000 and 33.0% of Consolidated EBITDA at the time of the receipt of such Designated Non-Cash
Consideration, with the fair market value (as determined in good faith by the Borrower) of each item of Designated Non-Cash Consideration
being measured at the time received and without giving effect to subsequent changes in value, shall be deemed to be cash;

 

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(l)                
Dispositions of Investments in joint ventures to the extent required by, or made pursuant to customary buy/sell arrangements
between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements;

 

(m)             
Dispositions or forgiveness of accounts receivable in the ordinary course of business in connection with the collection
or compromise thereof;

 

(n)               
Dispositions of any assets (including Equity Interests) (A) acquired in connection with any Permitted Acquisition or other
Investment not prohibited hereunder, which assets are not used or useful to the core or principal business of the Borrower and
its Restricted Subsidiaries and (B) made to obtain the approval of any applicable antitrust authority in connection with a Permitted
Acquisition;

 

(o)               
Dispositions of assets that are not Collateral in an aggregate amount not to exceed the greater of $20,000,000 and 17.0%
of Consolidated EBITDA for the most recently ended Test Period in any calendar year (which amount, if not used in any calendar
year, may be carried forward to the immediately succeeding calendar year (but to no other calendar year));

 

(p)               
transfers of condemned property as a result of the exercise of “eminent domain” or other similar powers to the
respective Governmental Authority or agency that has condemned the same (whether by deed in lieu of condemnation or otherwise),
and transfers of property arising from foreclosure or similar action or that have been subject to a casualty to the respective
insurer of such real property as part of an insurance settlement;

 

(q)               
any Disposition of the Equity Interests of any Immaterial Subsidiary or Unrestricted Subsidiary; and

 

(r)                
other Dispositions in an aggregate amount not to exceed the greater of $40,000,000 and 33.0% of Consolidated EBITDA for
the most recently ended Test Period.

 

Notwithstanding anything
to the contrary contained in this Section 6.05, no Loan Party shall, directly or indirectly, sell or otherwise transfer
(except for non-exclusive leases or non-exclusive licenses with respect thereto) any Material Intellectual Property as of the Effective
Date to any non-Loan Party.

 

SECTION 6.06              
Sale and Leaseback Transactions.

 

The Borrower will not,
and will not permit any Restricted Subsidiary to, enter into any arrangement, directly or indirectly, with any Person whereby it
shall sell or transfer any tangible property, real or personal, used or useful in its business, whether now owned or hereafter
acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose
or purposes as the property sold or transferred, except for (i) sale and leaseback transactions in an aggregate amount not to exceed
the greater of $20,000,000 and 17.0% of Consolidated EBITDA for the most recently ended Test Period and (ii) any such sale of any
fixed or capital assets by the Borrower or any Restricted Subsidiary that is made for cash consideration in an amount not less
than the fair market value (as determined in good faith by the Borrower) of such fixed or capital asset and is consummated within
270 days after the Borrower or such Restricted Subsidiary, as applicable, acquires or completes the construction of such fixed
or capital asset.

 

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SECTION 6.07              
Restricted Payments; Certain Payments of Indebtedness.

 

(a)               
The Borrower will not, and will not permit any Restricted Subsidiary to, declare or make, or agree to pay or make, directly
or indirectly, any Restricted Payment, except:

 

(i)                
each Restricted Subsidiary may make Restricted Payments to the Borrower or any other Restricted Subsidiary; provided
that in the case of any such Restricted Payment by a Restricted Subsidiary that is not a Wholly Owned Subsidiary of the Borrower,
such Restricted Payment is made to the Borrower, any Restricted Subsidiary and to each other owner of Equity Interests of such
Restricted Subsidiary based on their relative ownership interests of the relevant class of Equity Interests;

 

(ii)              
the Borrower and each Restricted Subsidiary may declare and make dividend payments or other distributions payable solely
in the Equity Interests of such Person;

 

(iii)            
Restricted Payments made on or substantially contemporaneously with the Effective Date to consummate the Transactions, including
to finance the payment of Transaction Costs;

 

(iv)             
repurchases of Equity Interests in Holdings (or any direct or indirect parent of Holdings), any Intermediate Parent, the
Borrower or any Restricted Subsidiary deemed to occur upon exercise of stock options or warrants if such Equity Interests represent
a portion of the exercise price or withholding taxes payable in connection with the exercise of such options or warrants or other
incentive interests;

 

(v)                Restricted
Payments to Holdings or any Intermediate Parent, which Holdings or such Intermediate Parent may use to redeem, acquire,
retire, repurchase or settle its Equity Interests (or any options, warrants, restricted stock or stock appreciation rights or
similar securities issued with respect to any such Equity Interests) or to service Indebtedness incurred by Holdings or any
Intermediate Parent to finance the redemption, acquisition, retirement, repurchase or settlement of such Equity Interest (or
make Restricted Payments to allow any of Holdings’ direct or indirect parent companies to so redeem, retire, acquire or
repurchase their Equity Interests or to service Indebtedness incurred by Holdings or an Intermediate Parent to finance the
redemption, acquisition, retirement, repurchase or settlement of such Equity Interests or to service Indebtedness incurred to
finance the redemption, retirement, acquisition or repurchase of such Equity Interests), held directly or indirectly by
current or former officers, managers, consultants, members of the Board of Directors, employees or independent contractors
(or their respective spouses, former spouses, successors, executors, administrators, heirs, legatees or distributees) of
Holdings (or any direct or indirect parent thereof), any Intermediate Parent, the Borrower and its Restricted Subsidiaries,
upon the death, disability, retirement or termination of employment of any such Person or otherwise in accordance with any
stock option or stock appreciation rights plan, any management, director and/or employee stock ownership or incentive plan,
stock subscription plan, employment termination agreement or any other employment agreements or equity holders’
agreement in an aggregate amount after the Effective Date, together with the aggregate amount of loans and advances to
Holdings or an Intermediate Parent made pursuant to Section 6.04(m) in lieu of Restricted Payments permitted by this
clause (v), not to exceed the greater of $20,000,000 and 17.0% of Consolidated EBITDA in any calendar year with unused
amounts in any calendar year being carried over to succeeding calendar years; provided that such amount in any
calendar year may be increased by (1) an amount not to exceed the cash proceeds of key man life insurance policies received
by the Borrower (or by Holdings or an Intermediate Parent and contributed to the Borrower) or the Restricted Subsidiaries
after the Effective Date, or (2) the amount of any bona fide cash bonuses otherwise payable to members of the Board of
Directors, consultants, officers, employees, managers or independent contractors of Holdings, an Intermediate Parent, the
Borrower or any Restricted Subsidiary that are foregone in return for the receipt of Equity Interests, the fair market value
of which is equal to or less than the amount of such cash bonuses, which, if not used in any year, may be carried forward to
any subsequent fiscal year; provided further that cancellation of Indebtedness owning to the Borrower or any
Restricted Subsidiary from members of the Board of Directors, consultants, officers, employees, managers or independent
contractors (or their respective spouses, former spouses, successors, executors, administrators, heirs, legatees or
distributees) of Holdings, any Intermediate Parent, the Borrower or any Restricted Subsidiary in connection with a repurchase
of Equity Interests of Holdings, any Intermediate Parent or the Borrower will not be deemed to constitute a Restricted
Payment for purposes of this Section 6.07 or any other provisions of this Agreement.

 

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(vi)             
the Borrower and its Restricted Subsidiaries may make Restricted Payments in cash to Holdings and any Intermediate Parent:

 

(A)             
for the purpose of funding, without duplication (i) payments by Holdings (or any direct or indirect parent of Holdings),
any Intermediate Parent (and any direct or indirect Subsidiary thereof with respect to which the Borrower is a Subsidiary) in respect
of Taxes directly payable by such entities, including any franchise or similar taxes, fees and expenses, and (ii) any income Taxes
(including quarterly estimated tax payments) required to be paid by Holdings and its direct or indirect equity interest holders
and any Intermediate Parent on income attributable to the Borrower and its Subsidiaries for any taxable year; provided that
any such amount with respect to the income of any Unrestricted Subsidiary for any taxable period shall be limited to the amount
actually paid with respect to such period by such Unrestricted Subsidiary to the Borrower or its Restricted Subsidiaries for the
purpose of funding the payment of such Taxes (collectively, “Tax Distributions”);

 

(B)             
the proceeds of which shall be used by Holdings (or any direct or indirect parent of Holdings) or any Intermediate Parent
to pay (or to make Restricted Payments to allow any direct or indirect parent of Holdings to pay) (1) its operating expenses incurred
in the ordinary course of business and other corporate overhead costs and expenses (including administrative, legal, accounting
and similar expenses payable to third parties) that are reasonable and customary and incurred in the ordinary course of business,
(2) any reasonable and customary indemnification claims made by members of the Board of Directors or officers, employees, directors,
managers, consultants or independent contractors of Holdings (or any direct or indirect parent thereof) or any Intermediate Parent
attributable to the ownership or operations of Holdings, the Borrower and its Restricted Subsidiaries, (3) fees and expenses (x)
due and payable by any of the Borrower and its Restricted Subsidiaries and (y) otherwise permitted to be paid by the Borrower and
its Restricted Subsidiaries under this Agreement, (4) amounts due and payable pursuant to any investor management agreement entered
into with any of the Sponsors as such investor management agreement is in effect on the Effective Date (to the extent that such
amounts are reasonably satisfactory to the Administrative Agent) and (5) amounts that would otherwise be permitted to be paid pursuant
to Section 6.08(iii) or (xi);

 

(C)             
the proceeds of which shall be used by Holdings or any direct or indirect parent thereof or Intermediate Parent to pay franchise
and similar Taxes, and other fees and expenses, required to maintain its corporate or other legal existence;

 

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(D)             
 to finance any Investment made by Holdings or any Intermediate Parent that, if made by the Borrower, would be permitted
to be made pursuant to Section 6.04 (including required payments of Earn-Outs in connection therewith); provided
that (A) such Restricted Payment shall be made substantially concurrently with the closing of such Investment and (B) Holdings
or any Intermediate Parent shall, immediately following the closing thereof, cause (1) all property acquired (whether assets or
Equity Interests but not including any loans or advances made pursuant to Section 6.04(b)) to be contributed to the Borrower
or its Restricted Subsidiaries or (2) the Person formed or acquired to merge into or consolidate with the Borrower or any of the
Restricted Subsidiaries to the extent such merger or consolidation is permitted in Section 6.03) in order to consummate
such Investment, in each case in accordance with the requirements of Sections 5.11 and 5.12;

 

(E)              
the proceeds of which shall be used to pay (or to make Restricted Payments to allow Holdings or any direct or indirect parent
thereof to pay) fees and expenses related to any equity or debt offering not prohibited by this Agreement;

 

(F)              
the proceeds of which shall be used to pay customary salary, bonus and other benefits payable to officers and employees
of Holdings or any direct or indirect parent company of Holdings to the extent such salaries, bonuses and other benefits are attributable
to the ownership or operation of Holdings, the Borrower and its Restricted Subsidiaries; and

 

(G)             
the proceeds of which shall be used to make payments permitted by clause (b)(iv) and (b)(v) of Section
6.07;

 

(vii)           
in addition to the foregoing Restricted Payments, the Borrower may make additional Restricted Payments, in an aggregate
amount, when taken together with the aggregate amount of loans and advances previously made pursuant to Section 6.04(m)
in lieu of Restricted Payments permitted by this clause (vii), not to exceed the sum of (A) the Available Amount that is
Not Otherwise Applied as in effect immediately prior to the time of making of such Restricted Payment, plus (B) the Available
Equity Amount that is Not Otherwise Applied as in effect immediately prior to the time of making of such Restricted Payment; provided
that any Restricted Payment made in reliance on preceding clause (A), to the extent made using the Retained ECF Basket,
shall be subject to (I) no Event of Default having occurred and be continuing or resulting therefrom and (II) before and after
giving Pro Forma Effect to such Restricted Payment, on a Pro Forma Basis, the Total Leverage Ratio being less than or equal to
4.30 to 1.00 as of the end of the mostly recently ended Test Period as of such time (in each case, tested at the time of declaration
of such Restricted Payment);

 

(viii)            
redemptions in whole or in part of any of its Equity Interests for another class of its Equity Interests or with proceeds
from substantially concurrent equity contributions;

 

(ix)              
payments made or expected to be made in respect of withholding or similar Taxes payable by any future, present or former
employee, director, manager or consultant and any repurchases of Equity Interests in consideration of such payments including deemed
repurchases in connection with the exercise of stock options and the vesting of restricted stock and restricted stock units;

 

(x)                Restricted
Payments to Holdings or any Intermediate Parent, which Holdings or any Intermediate Parent may use to (a) pay cash in lieu of
fractional Equity Interests in connection with any dividend, split or combination thereof or any Permitted Acquisition (or
other similar Investment) and (b) honor any conversion request by a holder of convertible Indebtedness and make cash payments
in lieu of fractional shares in connection with any such conversion and may make payments on convertible Indebtedness in
accordance with its terms;

 

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(xi)               
payments made or expected to be made by Holdings, any Intermediate Parent, the Borrower or any Restricted Subsidiary in
respect of withholding or similar Taxes payable upon exercise of Equity Interests by any future, present or former employee, director,
officer, manager or consultant (or their respective controlled Affiliates or permitted transferees) and any repurchases of Equity
Interests deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a portion of the exercise
price of such options or warrants or required withholding or similar taxes;

 

(xii)             
the distribution, by dividend or otherwise, of shares of Equity Interests of, or Indebtedness owed to Holdings, any Intermediate
Parent, the Borrower or a Restricted Subsidiary by, Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, the primary
assets of which are Permitted Investments);

 

(xiii)            
so long as no Event of Default shall have occurred and be continuing or would result therefrom, the annual declaration and
payment of Restricted Payments on Holdings’ or the Borrower’s common stock (or the payment of Restricted Payments to
any direct or indirect parent company of Holdings to fund a payment of dividends on such company’s common stock), of up to
$79,500,000;

 

(xiv)            
[reserved];

 

(xv)            
so long as no Event of Default shall have occurred and be continuing or would result therefrom, additional Restricted Payments
in an amount not to exceed the greater of $50,000,000 and 42.0% of Consolidated EBITDA on a Pro Forma Basis for the most recently
ended Test Period;

 

(xvi)            
the Borrower and its Restricted Subsidiaries may make Restricted Payments in securities or other property (other than cash)
to Holdings and any Intermediate Parent so long as the relevant assets are promptly contributed to the Borrower or a Restricted
Subsidiary;

 

(xvii)           
additional Restricted Payments; provided that after giving effect to such Restricted Payment (A) on a Pro Forma Basis,
the Total Leverage Ratio is equal to or less than 3.55 to 1.00 and (B) no Event of Default exists or would result therefrom; and

 

(xviii)     
     additional Restricted Payments to finance any payments required to be made by Public Parent pursuant to the Tax Receivable
Agreement, other than any accelerated payments or payments calculated based on valuation assumptions without regard to actual tax
savings, including any such payments arising from a “Change of Control” (as defined in the Tax Receivable Agreement),
a contractual breach, or by election of any party to the Tax Receivable Agreement.

 

(b)                The
Borrower will not, and will not permit any Restricted Subsidiary to, make or agree to pay or make, directly or indirectly,
any payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or
interest on any Junior Financing, or any payment or other distribution (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 Junior Financing, or any other payment (including any payment under any Swap Agreement) that has a
substantially similar effect to any of the foregoing, in each case, on or prior to the date that is one year prior to the
scheduled maturity of such Junior Financing, except:

 

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(i)                
payment of regularly scheduled interest and principal payments, mandatory offers to repay, repurchase or redeem, mandatory
prepayments of principal premium and interest, and payment of fees, expenses and indemnification obligations, with respect to such
Junior Financing, other than payments in respect of any Junior Financing prohibited by the subordination provisions thereof;

 

(ii)               
refinancings of Indebtedness to the extent permitted by Section 6.01;

 

(iii)            
(1) the conversion of any Junior Financing to Equity Interests (other than Disqualified Equity Interests) of Holdings or
any of its direct or indirect parent companies or any Intermediate Parent and (2) any payment that is intended to prevent any Junior
Financing from being treated as an “applicable high yield discount obligation” within the meaning of Section 163(i)(1)
of the Code;

 

(iv)             
prepayments, redemptions, purchases, defeasances and other payments in respect of any Junior Financing prior to the date
that is one year prior to its scheduled maturity; provided that after giving effect to such prepayments, redemptions, purchases,
defeasances or other payments (A) on a Pro Forma Basis, the Total Leverage Ratio is equal to or less than 3.55 to 1.00 and (B)
no Event of Default exists or would result therefrom;

 

(v)               
payments made in connection with, or in order to consummate, the Transactions;

 

(vi)             
(A) so long as no Event of Default shall have occurred and be continuing or would result therefrom, prepayments, redemptions,
purchases, defeasances and other payments in respect of any Junior Financing prior to the date that is one year prior to its scheduled
maturity in an aggregate amount not to exceed the greater of $50,000,000 and 42.0% of Consolidated EBITDA on a Pro Forma Basis
for the most recently ended Test Period plus (B) the amount of Restricted Payments that may be made pursuant to Section
6.07(a)(xv) at such time;

 

(vii)            
additional prepayments, redemptions, purchases, defeasances and other payments in respect of any Junior Financing prior
to the date that is one year prior to its scheduled maturity; provided that the aggregate amount of such prepayments, redemptions,
purchases, defeasances and other payments made in reliance on this clause (vii), shall not exceed the sum of (A) the
Available Amount that is Not Otherwise Applied as in effect immediately prior to the time of making of such prepayments, redemptions,
purchases, defeasances and other payments, plus (B) the Available Equity Amount that is Not Otherwise Applied as in effect
immediately prior to the time of making of such prepayments, redemptions, purchases, defeasances and other payments; provided
that any prepayments, redemptions, purchases, defeasances and other payments made in reliance on preceding clause (A), to
the extent made using the Retained ECF Basket, shall be subject to, (I) before and after giving Pro Forma Effect to such prepayments,
redemptions, purchases, defeasances and other payments, no Event of Default having occurred and be continuing or resulting therefrom
and (II) before and after giving Pro Forma Effect to such prepayments, redemptions, purchases, defeasances and other payments,
on a Pro Forma Basis, the Total Leverage Ratio being less than or equal to 4.30 to 1.00 as of the end of the mostly recently ended
Test Period as of such time (in each case, tested at the time of distribution or delivery of any irrevocable notice of prepayment,
redemption, repurchase or defeasance, as applicable, in respect thereof); and

 

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(viii)         
   the prepayment of any Junior Financing owed to the Borrower or a Restricted Subsidiary or the prepayment of any Permitted
Refinancing of such Indebtedness with the proceeds of any other Junior Financing; provided that no Loan Party shall make
any prepayment of any Junior Financing owed to any Restricted Subsidiary that is not a Loan Party pursuant to this clause (viii).

 

SECTION 6.08              
Transactions with Affiliates.

 

The Borrower will
not, and will not permit any Restricted Subsidiary to, sell, lease or otherwise transfer any property or assets to, or
purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of
its Affiliates, except (i) (A) transactions between or among the Borrower or any Restricted Subsidiary or any entity that
becomes a Restricted Subsidiary as a result of such transaction and (B) transactions involving aggregate payment or
consideration of less than the greater of $9,000,000 and 7.5% of Consolidated EBITDA for the most recently ended Test Period
as of such time, (ii) on terms substantially as favorable to the Borrower or such Restricted Subsidiary as would be
obtainable by such Person at the time in a comparable arm’s-length transaction with a Person other than an Affiliate
(as determined by the majority of the members of the Board of Directors or a majority of the disinterested members of the
Board of Directors of the Borrower in good faith), (iii) the payment of Transaction Costs, fees and expenses related to the
Transactions, (iv) the payment of management, consulting, advisory, monitoring, refinancing, subsequent transaction and exit
fees to the Investors (or management companies of the Investors) in an aggregate amount not to exceed the amount permitted to
be paid pursuant to Section 6.07(a)(vi)(B)(4), and related indemnities and reasonable expenses, (v) issuances of
Equity Interests of the Borrower to the extent otherwise permitted by this Agreement, (vi) employment and severance
arrangements between the Borrower and its Restricted Subsidiaries and their respective officers and employees in the ordinary
course of business or otherwise in connection with the Transactions (including loans and advances pursuant to Sections
6.04(b) and 6.04(n)), (vii) payments by the Borrower and its Restricted Subsidiaries pursuant to tax sharing
agreements among the Parent, Holdings (or any such parent thereof), any Intermediate Parent, the Borrower or its Restricted
Subsidiaries on customary terms to the extent attributable to the ownership or operation of the Borrower and its Restricted
Subsidiaries, to the extent such payments are permitted by Section 6.07, (viii) the payment of customary fees and
reasonable out-of-pocket costs to, and indemnities provided on behalf of, members of the Board of Directors, officers and
employees of Holdings (or any direct or indirect parent thereof), the Borrower, any Intermediate Parent, the Restricted
Subsidiaries and the Sponsors in the ordinary course of business to the extent attributable to the ownership or operation of
the Borrower and its Restricted Subsidiaries, (ix) transactions pursuant to permitted agreements in existence or contemplated
on the Effective Date and set forth on Schedule 6.08 or any amendment thereto to the extent such an amendment is not
adverse to the Lenders in any material respect, (x) Restricted Payments permitted under Section 6.07 and loans and
advances in lieu thereof pursuant to Section 6.04(l), (xi) payments to or from, and transactions with, any joint
venture in the ordinary course of business (including any cash management activities related thereto), (xii) transactions
with customers, clients, suppliers, contractors, joint venture partners or purchasers or sellers of goods or services that
are Affiliates, in each case in the ordinary course of business and which are fair to the Borrower and the Restricted
Subsidiaries, in the reasonable determination of the Borrower, or are on terms at least as favorable as might reasonably have
been obtained at such time from an unaffiliated party, (xiii) so long as no Event of Default under Sections 7.01(a), (b), (h)
or (i) shall have occurred and be continuing, payments of management fees to the Sponsors and their Affiliates to the
extent permitted pursuant to Section 6.07(a)(vi)(B) (it being understood that in the event of any such Event of
Default such fees may continue to accrue on a subordinated basis), (xiv) customary payments by the Borrower and any
Restricted Subsidiaries to any of the Sponsors made for any financial advisory, consulting, financing, underwriting or
placement services or in respect of other investment banking activities (including in connection with acquisitions,
divestitures or financings), which payments are approved by the majority of the members of the Board of Directors or a
majority of the disinterested members of the Board of Directors of the Borrower in good faith, and (xv) payments by the
Borrower and any Restricted Subsidiaries to reimburse any of the Sponsors and their respective Affiliates for any indemnities
and reasonable out-of-pocket costs and expenses incurred in connection with the provision of any financial advisory,
consulting, financing, underwriting or placement services or in respect of other investment banking activities (including in
connection with acquisitions, divestitures or financings) by any of the Sponsors to Borrower and any Restricted
Subsidiaries.

 

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SECTION 6.09              
Restrictive Agreements.

 

The Borrower will not,
and will not permit any Restricted Subsidiary to enter into any agreement, instrument, deed or lease that prohibits or limits the
ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of their respective properties or revenues,
whether now owned or hereafter acquired, for the benefit of the Secured Parties with respect to the Secured Obligations or under
the Loan Documents; provided that the foregoing shall not apply to:

 

(a)               
restrictions and conditions imposed by (1) Requirements of Law, (2) any Loan Document, (3) any documentation governing Incremental
Equivalent Debt or Ratio Debt, (4) any documentation governing Permitted Unsecured Refinancing Debt or Permitted First Priority
Refinancing Debt, (5) any documentation governing Indebtedness incurred pursuant to Section 6.01(a)(xxi) or Section 6.01(a)(xxvi)
and (6) any documentation governing any Permitted Refinancing incurred to refinance any such Indebtedness referenced in clauses
(1) through (5) above;

 

(b)               
customary restrictions and conditions existing on the Effective Date and any extension, renewal, amendment, modification
or replacement thereof, except to the extent any such amendment, modification or replacement expands the scope of any such restriction
or condition;

 

(c)               
restrictions and conditions contained in agreements relating to the sale of a Subsidiary or any assets pending such sale;
provided that such restrictions and conditions apply only to the Subsidiary or assets that is or are to be sold and such
sale is permitted hereunder;

 

(d)               
customary provisions in leases, licenses and other contracts restricting the assignment thereof;

 

(e)               
restrictions imposed by any agreement relating to secured Indebtedness permitted by this Agreement to the extent such restriction
applies only to the property securing such Indebtedness;

 

(f)                
any restrictions or conditions set forth in any agreement in effect at any time any Person becomes a Restricted Subsidiary
(but not any modification or amendment expanding the scope of any such restriction or condition); provided that such agreement
was not entered into in contemplation of such Person becoming a Restricted Subsidiary and the restriction or condition set forth
in such agreement does not apply to the Borrower or any Restricted Subsidiary;

 

(g)               
restrictions or conditions in any Indebtedness permitted pursuant to Section 6.01 that is incurred or assumed by
Restricted Subsidiaries that are not Loan Parties to the extent such restrictions or conditions are no more restrictive in any
material respect than the restrictions and conditions in the Loan Documents or, in the case of any Junior Financing, are market
terms at the time of issuance and are imposed solely on such Restricted Subsidiary and its Subsidiaries;

 

(h)               
restrictions on cash (or Permitted Investments) or other deposits imposed by agreements entered into in the ordinary course
of business (or other restrictions on cash or deposits constituting Permitted Encumbrances);

 

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(i)                
 restrictions set forth on Schedule 6.09 and any extension, renewal, amendment, modification or replacement thereof,
except to the extent any such amendment, modification or replacement expands the scope of any such restriction or condition;

 

(j)                
customary provisions in joint venture agreements and other similar agreements applicable to joint ventures permitted by
Section 6.04;

 

(k)               
customary restrictions contained in leases, subleases, licenses, sublicenses or asset sale agreements otherwise permitted
hereby so long as such restrictions relate only to the assets subject thereto;

 

(l)                
customary provisions restricting subletting or assignment of any lease governing a leasehold interest of Holdings, any Intermediate
Parent, the Borrower or any Restricted Subsidiary; and

 

(m)             
customary provisions related to creditworthiness of the tenant contained in real property leases entered into by Subsidiaries,
so long as the Borrower has determined in good faith that such creditworthiness provisions could not reasonably be expected to
impair the ability of the Borrower and its Subsidiaries to meet their ongoing obligations.

 

SECTION 6.10              
Financial Performance Covenant.

 

As of the last day of
each fiscal quarter of the Borrower (commencing with the first full fiscal quarter ending after the Effective Date) on which the
Revolving Test Condition is satisfied, the Borrower will not permit the First Lien Leverage Ratio to be greater than 6.75 to 1.00.

 

SECTION 6.11              
Changes in Fiscal Periods.

 

The Borrower will not
make any change in fiscal year; provided, however, that the Borrower may, upon written notice to the Administrative
Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Borrower
and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are
necessary to reflect such change in fiscal year; and provided further that the limitation of this Section 6.11 shall not
apply with respect to any short year resulting from the Transactions that occurred on the Effective Date.

 

SECTION 6.12              
Amendment of Junior Financing Documents.

 

The Borrower will not,
and will not permit any Restricted Subsidiary to, amend, modify, waive, terminate or release the documentation governing any Junior
Financing (i) if the effect of such amendment, modification, waiver, termination or release (when taken as a whole) is materially
adverse to the Lenders; provided that no such amendment, modification, waiver, termination or release will be deemed to
be materially adverse to the Lenders if such Junior Financing could be otherwise incurred under this Agreement (including as Indebtedness
that does not constitute a Junior Financing) with such terms as so amended, modified, waived, terminated or released or (ii) in
a manner restricted by the terms of any applicable intercreditor or subordination agreement.

 

ARTICLE
VII

Events of Default

 

SECTION 7.01              
Events of Default.

 

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If any of the following
events (any such event, an “Event of Default”) shall occur:

 

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

 

(b)               
any Loan Party shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred
to in paragraph (a) of this Section 7.01) payable under any Loan Document, when and as the same shall become
due and payable, and such failure shall continue unremedied for a period of five (5) Business Days;

 

(c)               
any representation or warranty made or deemed made by or on behalf of Holdings, the Borrower or any of the Restricted Subsidiaries
in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate,
financial statement or other document furnished pursuant to or in connection with any Loan Document or any amendment or modification
thereof or waiver thereunder, shall prove to have been incorrect in any material respect (or all respects to the extent already
qualified by materiality) when made or deemed made, and such incorrect representation or warranty (if curable) shall remain incorrect
for a period of thirty (30) days after notice thereof from the Administrative Agent to the Borrower;

 

(d)               
the Borrower or any of the Restricted Subsidiaries shall fail to observe or perform any covenant, condition or agreement
contained in Sections 5.02(a), 5.04 (with respect to the existence of the Borrower), 5.10, 5.14
or in Article VI; provided that any Event of Default due to failure to comply with the Financial Performance
Covenant is subject to cure as provided in Section 7.02 and an Event of Default with respect to such Section shall not occur
until the Cure Expiration Date for the applicable fiscal quarter of the Borrower; provided, further, that any Event
of Default due to failure to comply with the Financial Performance Covenant shall not constitute an Event of Default with respect
to the Term Loans, unless and until a Majority in Interest of the Revolving Lenders shall have terminated their Revolving Commitments
and declared all Revolving Loans to be due and payable (and such declaration has not been rescinded);

 

(e)               
Holdings, the Borrower or any of the Restricted Subsidiaries shall fail to observe or perform any covenant, condition or
agreement contained in any Loan Document (other than those specified in paragraph (a), (b) or (d) of
this Section 7.01) and such failure shall continue unremedied for a period of thirty (30) days after written notice
thereof from the Administrative Agent to the Borrower;

 

(f)                
the Borrower or any of the Restricted Subsidiaries shall fail to make any payment (whether of principal or interest
and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (after giving
effect to any applicable grace period);

 

(g)               
any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or
that enables or permits (with all applicable grace periods having expired) the holder or holders of any Material Indebtedness or
any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase,
redemption or defeasance thereof, prior to its scheduled maturity, provided that this paragraph (g) shall not
apply to (i) secured Indebtedness that becomes due as a result of the sale, transfer or other disposition (including as a
result of a casualty or condemnation event) of the property or assets securing such Indebtedness (to the extent such sale, transfer
or other disposition is not prohibited under this Agreement) or (ii) termination events or similar events occurring under
any Swap Agreement that constitutes Material Indebtedness (it being understood that paragraph (f) of this Section 7.01
will apply to any failure to make any payment required as a result of any such termination or similar event);

 

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

 

(i)                
Holdings, the Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition
seeking liquidation, court protection, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely
and appropriate manner, any proceeding or petition described in paragraph (h) of this Section 7.01, (iii) apply
for or consent to the appointment of a receiver, trustee, examiner, custodian, sequestrator, conservator or similar official for
Holdings, the Borrower or any Material Subsidiary or for a material part of its assets, (iv) file an answer admitting the
material allegations of a petition filed against it in any such proceeding or (v) make a general assignment for the benefit
of creditors;

 

(j)                
one or more final, non-appealable, enforceable judgments for the payment of money in an aggregate amount in excess of $25,000,000
(to the extent not covered by insurance (including self-insurance) as to which the insurer has been notified of such judgment or
order and has not denied coverage) shall be rendered against the Borrower and any of the Restricted Subsidiaries or any combination
thereof and the same shall remain undischarged for a period of sixty (60) consecutive days during which execution shall not
be effectively stayed, or any judgment creditor shall legally attach or levy upon assets of such Loan Party that are material to
the businesses and operations of the Borrower and its Restricted Subsidiaries, taken as a whole, to enforce any such judgment;

 

(k)               
an ERISA Event occurs that has resulted or would reasonably be expected to result in a Material Adverse Effect;

 

(l)                
any Lien purported to be created under any Security Document shall cease to be, or shall be asserted by any Loan Party not
to be, a valid and perfected Lien on any material portion of the Collateral, with the priority required by the applicable Security
Documents, except (i) as a result of the sale or other disposition of the applicable Collateral to a Person that is not a
Loan Party in a transaction permitted under the Loan Documents, (ii) as a result of the Administrative Agent’s failure
to (A) maintain possession of any stock certificates, promissory notes or other instruments delivered to it under the Security
Documents or (B) file Uniform Commercial Code continuation statements, (iii) as to Collateral consisting of real property
to the extent that (x) such losses are covered by a lender’s title insurance policy and such insurer has not denied coverage
or (y) such deficiency arose through no fault of Borrower or its Restricted Subsidiaries, and such deficiency is corrected with
reasonable diligence upon obtaining actual knowledge thereof, or (iv) as a result of acts or omissions of the Administrative Agent
or any Secured Party;

 

(m)             
any material provision of any Loan Document or any material Guarantee of the Loan Document Obligations shall for any reason
be asserted in writing by any Loan Party not to be a legal, valid and binding obligation of any Loan Party thereto other than as
expressly permitted hereunder or thereunder;

 

(n)               
any material Guarantee of the Loan Document Obligations by any Loan Party pursuant to the Guarantee Agreement shall cease
to be in full force and effect (other than in accordance with the terms of the Loan Documents); or

 

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(o)               
 a Change of Control shall occur;

 

then, and in every such event (other than
an event with respect to Holdings or the Borrower described in paragraph (h) or (i) of this Section 7.01),
and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required
Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times: (i) terminate
the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to
be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared
to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest
thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable immediately, without
presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event
with respect to Holdings or the Borrower described in paragraph (h) or (i) of this Section 7.01, the
Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon
and all fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without presentment,
demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.

 

Notwithstanding anything
contained herein, with respect to any Default or Event of Default, the words “exists”, “is continuing”
or similar expressions with respect thereto shall mean that the Default or Event of Default has occurred and has not yet been cured
or waived. If any Default or Event of Default occurs due to (i) the failure by Holdings, the Borrower or any Restricted Subsidiary
to take any action by a specified time, such Default or Event of Default shall be deemed to have been cured at the time, if any,
such action is taken or (ii) the taking of any action by Holdings, the Borrower or any Restricted Subsidiary that is not then permitted
under the Credit Agreement or the other Loan Documents, such Default or Event of Default shall be deemed to be cured on the earlier
to occur of (x) the date on which such action would be permitted at such time to be taken under the Credit Agreement and the other
Loan Documents and (y) the date on which such action is unwound or otherwise modified to the extent necessary for such revised
action to be permitted at such time under the Credit Agreement and the other Loan Documents. If any Default or Event of Default
occurs that is subsequently cured (a “Cured Default”), any other Default or Event of Default resulting from
the making or deemed making of any representation or warranty by Holdings, the Borrower or any Restricted Subsidiary or the taking
of any action by Holdings, the Borrower or any Restricted Subsidiary, in each case which subsequent Default or Event of Default
would not have arisen had the Cured Default not occurred, shall be deemed to be cured automatically upon, and simultaneous with,
the cure of the Cured Default.

 

SECTION 7.02              
Right to Cure.

 

(a)               
Notwithstanding anything to the contrary contained in Section 7.01, in the event that the Borrower and its Restricted
Subsidiaries fail to comply with the requirements of the Financial Performance Covenant as of the last day of any applicable fiscal
quarter of the Borrower, at any time after the end of such fiscal quarter until the expiration of the twentieth (20th)
Business Day subsequent to the date on which the financial statements with respect to such fiscal quarter (or the fiscal year ended
on the last day of such fiscal quarter) are required to be delivered pursuant to Sections 5.01(a) or (b), as
applicable (such date, the “Cure Expiration Date”), Holdings shall have the right to issue Qualified Equity
Interests for cash or otherwise receive cash contributions to the capital of Holdings as cash common equity or other Qualified
Equity Interests (which Holdings shall contribute to the Borrower as cash common equity or other Qualified Equity Interests) (collectively,
the “Cure Right”), and upon the receipt by the Borrower of the Net Proceeds of such issuance (the “Cure
Amount”) pursuant to the exercise by Holdings of such Cure Right the Financial Performance Covenant shall be recalculated
giving effect to the following pro forma adjustment:

 

(i)                
 Consolidated EBITDA shall be increased with respect to such applicable fiscal quarter and any four fiscal quarter period
that contains such fiscal quarter, solely for the purpose of measuring the Financial Performance Covenant and not for any other
purpose under this Agreement, by an amount equal to the Cure Amount; and

 

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(ii)                
if, after giving effect to the foregoing pro forma adjustment (without giving pro forma effect to any repayment of any Indebtedness
with any portion of the Cure Amount and without netting against the calculation of Consolidated Total Indebtedness any portion
of the Cure Amount on the balance sheet of the Borrower and its Restricted Subsidiaries, in each case, with respect to such fiscal
quarter only), the Borrower and its Restricted Subsidiaries shall then be in compliance with the requirements of the Financial
Performance Covenant, the Borrower and its Restricted Subsidiaries shall be deemed to have satisfied the requirements of the Financial
Performance Covenant as of the relevant date of determination with the same effect as though there had been no failure to comply
therewith at such date, and the applicable breach or default of the Financial Performance Covenant that had occurred shall be deemed
cured for the purposes of this Agreement;

 

provided that the Borrower shall
have notified the Administrative Agent of the exercise of such Cure Right within five (5) Business Days of the issuance of the
relevant Qualified Equity Interests for cash or the receipt of the cash contributions by Holdings.

 

(b)               
Notwithstanding anything herein to the contrary, (i) in each four consecutive fiscal quarter period of the Borrower there
shall be no more than two (2) fiscal quarters in which the Cure Right is exercised, (ii) during the term of this Agreement,
the Cure Right shall not be exercised more than five (5) times and (iii) for purposes of this Section 7.02, the Cure
Amount shall be no greater than the amount required for purposes of complying with the Financial Performance Covenant and any amounts
in excess thereof shall not be deemed to be a Cure Amount. Notwithstanding any other provision in this Agreement to the contrary,
the Cure Amount received pursuant to any exercise of the Cure Right shall be disregarded for purposes of determining any pricing,
financial ratio based conditions and/or available basket under Article VI of this Agreement (and the Cure Amount shall
not be credited as an addition to any basket (including the Available Amount or the Available Equity Amount) or for any other calculation).
For the avoidance of doubt, no Cure Amounts shall be applied to reduce the Indebtedness of the Borrower and its Restricted Subsidiaries
on a Pro Forma Basis (whether by “cash netting” or otherwise) for purposes of determining compliance with the Financial
Performance Covenant for the fiscal quarter with respect to which such Cure Right was made.

 

(c)               
Notwithstanding anything herein to the contrary, in the event that the Borrower and its Restricted Subsidiaries fail to
comply with the requirements of the Financial Performance Covenant as of the last day of any fiscal quarter of the Borrower, from
(x) the earlier of (i) the date on which a Compliance Certificate with respect to such fiscal quarter (or the fiscal year
ended on the last day of such fiscal quarter) is delivered in accordance with Section 5.01(e) and (ii) the date
on which the financial statements with respect to such fiscal quarter (or the fiscal year ended on the last day of such fiscal
quarter) are required to be delivered pursuant to Section 5.01(a) or (b), as applicable, until (y) the receipt by the Borrower
of the applicable Cure Amount pursuant to Section 7.02(a) or the waiver of all Events of Default, the Borrowing of Revolving Loans
shall only be permitted if the each Revolving Lender consents thereto and no Letters of Credit shall be issued or amended unless
each Revolving Lender and the applicable Issuing Bank consents thereto (it being understood that the Revolving Lenders shall have
no obligation to make Revolving Loans and the Issuing Bank(s) shall have no obligation to issue, amend to increase the face amount
of or extend any Letter of Credit, pending actual receipt in immediately available funds of the applicable Cure Amount).

 

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(d)               
 Notwithstanding anything herein to the contrary, neither the Administrative Agent nor any Lender shall exercise the right
to accelerate the Loans under the Credit Facilities or terminate the Commitments and none of the Administrative Agent, any Lender
or any other Secured Party shall exercise any right to foreclose on or take possession of the Collateral or exercise any remedy
solely on the basis of an Event of Default having occurred and being continuing with respect to the Financial Performance Covenant,
in each case, unless such Event of Default is not cured pursuant to the exercise of the applicable Cure Right on or prior to the
applicable Cure Expiration Date (except to the extent that Holdings has confirmed in writing that it does not intend to provide
the Cure Amount).

 

SECTION 7.03              
Application of Proceeds.

 

(a)                 Subject
to the terms of any applicable intercreditor agreement contemplated by this Agreement, in connection with the exercise of remedies
provided for in Section 7.01, any amounts received on account of the Secured Obligations (including in respect of any sale of,
collection from or other realization upon all or any part of the Collateral (including any Collateral consisting of cash) or the
Guarantees) shall be applied by the Administrative Agent to the payment of the Secured Obligations as follows:

 

(i)                  first,
to the payment of all reasonable and documented or invoiced out of pocket costs and expenses incurred by the Collateral Agent in
connection with such sale, collection, other realization or otherwise and to the payment of all other amounts owing to each of
the Administrative Agent and the Collateral Agent in connection with this Agreement, any other Loan Document or any of the Secured
Obligations, including all reasonable and documented or invoiced out of pocket court costs and the fees and expenses of its agents,
the repayment of all advances made by it under any Loan Document on behalf of any Grantor and any other costs or expenses incurred
in connection with the exercise of any right or remedy under any Loan Document, in each case, if and to the extent payable pursuant
to the terms of the Loan Documents;

 

(ii)                  second,
to the payment in full of the Secured Obligations (the amounts so applied to be distributed among the Secured Parties pro rata
in accordance with the amounts of the Secured Obligations owed to them on the date of any such distribution) in accordance with
this Agreement;

 

(iii)               third,
to any agent of any other junior secured debt, in accordance with any applicable intercreditor agreement; and

 

(iv)               fourth,
to the Borrower, its successors or assigns, or as a court of competent jurisdiction may otherwise direct.

 

The Administrative Agent
shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement.

 

(b)                Notwithstanding
anything to the contrary in Section 7.03(a), Excluded Swap Obligations with respect to any Subsidiary Loan Party shall not be paid
with amounts received from such Subsidiary Loan Party or its assets, but appropriate adjustments shall be made with respect to
payments from other Loan Parties to preserve the allocation to Secured Obligations otherwise set forth in Section 7.03(a).

 

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ARTICLE
VIII

 

Administrative
Agent

 

SECTION 8.01              
Appointment and Authority.

 

(a)               
Each of the Lenders and the Issuing Bank hereby irrevocably (i) appoints Goldman Sachs to act on its behalf as the Administrative
Agent and the Collateral Agent hereunder and under the other Loan Documents and (ii) authorizes the Administrative Agent to take
such actions on such Lender’s behalf and to exercise such powers as are delegated to the Administrative Agent and the Collateral
Agent, as applicable, by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.
Each Secured Party that is not a party hereto, by accepting the benefits of the Security Documents, hereby irrevocably appoints
Goldman Sachs to act on its behalf as Collateral Agent under the Security Documents and authorizes Goldman Sachs (in its capacity
as Collateral Agent) to take such actions on such Secured Party’s behalf and to exercise such powers as are delegated to
the Collateral 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 and the Collateral Agent, the Lenders and
the Issuing Bank, and the Borrower shall not 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 or the Collateral 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)               
Each of the Lenders and the Issuing Bank, and each Secured Party that is not a party hereto, by accepting the benefits of
the Security Documents, hereby irrevocably appoints and authorizes the Collateral Agent to act as the agent of such Lender and
the Issuing Bank 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 Secured Obligations, together with such powers and discretion as are reasonably incidental thereto. In this
connection, the Collateral Agent and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent and/or
Collateral Agent pursuant to Section 8.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion
thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative
Agent, shall be entitled to the benefits of all provisions of this Article VIII and Article IX (including Section
9.03 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.

 

SECTION 8.02              
Rights as a Lender.

 

Any Person serving as
an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same
as though it were not an Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated
or unless the context otherwise requires, include the Person serving as Agent hereunder in its individual capacity. Such Person
and its Affiliates may accept deposits from, own securities of, lend money to, act as the financial advisor or in any other advisory
capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if
such Person were not an Agent hereunder and without any duty to account therefor to the Lenders.

 

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SECTION 8.03              Exculpatory Provisions.

 

 

No Agent shall have any
duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality
of the foregoing, each Agent:

 

(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 such 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 such Agent shall not be required to take any action that, in its opinion or
the opinion of its counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable law;

 

(c)               
shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not
be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to
or obtained by the Person serving as such Agent or any of its Affiliates in any capacity;

 

(d)               
shall in no event be responsible or liable for any failure or delay in the performance of its obligations hereunder arising
out of or caused by, directly or indirectly, forces beyond its control, including without limitation, any act or provision of any
present or future law or regulation or governmental authority; acts of God; earthquakes; fires; floods; wars; terrorism; civil
or military disturbances; sabotage; epidemics; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software)
or communications service; accidents; labor disputes; acts of civil or military authority or governmental actions;

 

(e)               
shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders
(or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Section 9.02 and in the last paragraph of Section 7.01) or (ii)
in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and
non-appealable judgment;

 

(f)                
shall be deemed not to have knowledge of any Default unless and until written notice describing such Default is given to
such Agent by the Borrower, a Lender or the Issuing Bank;

 

(g)               
shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation
made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other
document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of
any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv)
the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument
or document, or the creation, perfection or priority of any Lien purported to be created by the Security Documents, (v) the value
or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein,
other than to confirm receipt of items expressly required to be delivered to the Administrative Agent; and

 

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(h)               
 shall not be responsible for nor have any duty to monitor the performance or any action of the Borrower or other Loan Party,
or any of their directors, members, officers, agents, affiliates or employees, nor shall it have any liability in connection with
the malfeasance or nonfeasance by such party, and may assume performance by all such Persons of their respective obligations and
shall have no enforcement or notification obligations relating to breaches of representations or warranties of any other Person.

 

SECTION 8.04              
Reliance by Agents.

 

Each 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. Each 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
of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuing Bank, the Administrative
Agent may presume that such condition is satisfactory to such Lender or the Issuing Bank unless the Administrative Agent shall
have received notice to the contrary from such Lender or the Issuing Bank prior to the making of such Loan or the issuance of such
Letter of Credit. Each Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and
other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of
any such counsel, accountants or experts. As to any matters not expressly provided for in this Agreement and in the other Loan
Documents (including enforcement or collection), the Administrative Agent and/or the Collateral Agent shall not be required to
exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected
in so acting or refraining from acting) upon the written instructions of the Required Lenders (or such other number or percentage
of the Lenders as shall be necessary, pursuant to the terms in the Loan Documents), and, unless and until revoked in writing, such
instructions shall be binding upon each Lender and each Issuing Bank. Upon request by the Administrative Agent and/or the Collateral
Agent, as the case may be, the Required Lenders shall confirm in writing the Administrative Agent’s authority and/or the
Collateral Agent’s authority, as the case may be, to take any action in accordance with the terms of the Loan Documents and
this Section 8.04 and may refrain from acting until such confirmation has been provided.

 

Notwithstanding anything
else to the contrary herein, whenever reference is made in this Agreement, or any other Loan Document, to any discretionary action
by, consent, designation, specification, requirement or approval of, notice, request or other communication from, or other direction
given or action to be undertaken or to be (or not to be) suffered or omitted by the Administrative Agent or the Collateral Agent
or to any election, decision, opinion, acceptance, use of judgment, expression of satisfaction or other exercise of discretion,
rights or remedies to be made (or not to be made) by the Administrative Agent or the Collateral Agent, it is understood that in
all cases the Administrative Agent or the Collateral Agent shall be fully justified in failing or refusing to take any such action
if it shall not have received written instruction, advice or concurrence from the Required Lenders (or such other number or percentage
of the Lenders as shall be expressly provided for herein or in any other Loan Document). The Administrative Agent and the Collateral
Agent shall have no liability for any failure or delay in taking any actions contemplated above as a result of a failure or delay
on the part of the Required Lenders to provide such instruction, advice or concurrence. This provision is intended solely for the
benefit of the Administrative Agent and the Collateral Agent and their successors and permitted assigns and is not intended to
and will not entitle the other parties hereto to any defense, claim or counterclaim, or confer any rights or benefits on any party
hereto.

 

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Except for any action
expressly required of the Administrative Agent or the Collateral Agent hereunder or other Loan Document to which it is a party,
it shall in all cases be fully justified in failing or refusing to act unless it shall receive further assurances to its reasonable
satisfaction, including indemnification, from the Lenders and Issuing Banks against any and all liability and expense that may
be incurred by it by reason of taking or continuing to take any such action. No provision of this Agreement or any Loan Document
shall require the Administrative Agent or the Collateral Agent to take any action that it reasonably believes to be contrary to
applicable law or to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties
thereunder or in the exercise of any of its rights or powers if it shall have reasonable grounds to believe that repayment of such
funds or adequate indemnity against such risk or liability is not reasonably assured to it.

 

SECTION 8.05              
Delegation of Duties.

 

Each 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 such Agent. Any 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 any Agent and any such sub-agent, and shall apply to their respective activities in
connection with the syndication of the Credit Facilities as well as activities as such Agent.

 

SECTION 8.06              
Resignation of Administrative Agent; Mergers.

 

Subject to the appointment
and acceptance of a successor Agent as provided in this paragraph, each Agent may resign upon thirty (30) days’ notice to
the Lenders, the Issuing Banks and the Borrower, whether or not a successor Agent has been appointed. Upon receipt of any such
notice of resignation, the Required Lenders shall have the right, with the Borrower’s consent (such consent not to be unreasonably
withheld or delayed) unless an Event of Default under Sections 7.01(a), (b), (h) or (i) has occurred
and is continuing, 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 thirty (30) days after the retiring Agent gives notice of its resignation, then the retiring Agent
may (but shall not be obligated to) on behalf of the Lenders and the Issuing Banks, appoint a successor Agent, which shall be an
Approved Bank with an office in New York, New York, or an Affiliate of any such Approved Bank (the date upon which the retiring
Agent is replaced, the “Resignation Effective Date”); provided that if the retiring Agent shall notify
the Borrower and the Lenders that no qualifying Person accepted such appointment, then such resignation shall nonetheless become
effective in accordance with such notice.

 

If the Person serving
as an Agent is a Defaulting Lender, the Required Lenders and Holdings may, to the extent permitted by applicable law, by notice
in writing to such Person remove such Person as Agent and, with the consent of the Borrower, appoint a successor. If no such successor
shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days (the “Removal
Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal
Effective Date.

 

With effect from
the Resignation Effective Date or the Removal Effective Date (as applicable) (1) the retiring or removed Agent shall be
discharged from its duties and obligations hereunder and under the other Loan Documents (except (i) that in the case of any
collateral security held by the Collateral Agent on behalf of the Lenders under any of the Loan Documents, the retiring or
removed Collateral Agent shall continue to hold such collateral security until such time as a successor Collateral Agent is
appointed and (ii) with respect to any outstanding payment obligations) and (2) except for any indemnity payments or other
amounts then owed to the retiring or removed 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 directly, until such time, if any, as the
Required Lenders appoint a successor Agent as provided for above. Upon the acceptance of a successor’s appointment as
Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of
the retiring (or removed) Agent (other than any rights to indemnity payments or other amounts owed to the retiring or removed
Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Agent
shall be discharged from all of its duties and obligations hereunder and under the other Loan Documents as set forth in this
Section. The fees payable by the Borrower to a successor Agent shall be the same as those payable to its predecessor unless
otherwise agreed between the Borrower and such successor. After the retiring or removed Agent’s resignation or removal
hereunder and under the other Loan Documents, the provisions of this Article and Section 9.04 shall continue in effect
for the benefit of such retiring or removed Agent, its sub-agents and their respective Related Parties in respect of any
actions taken or omitted to be taken by any of them while the retiring or removed Agent was acting as Agent.

 

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Any corporation or association
into which an Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or transfer all or
substantially all of its corporate trust business and assets as a whole or substantially as a whole, or any corporation or association
resulting from any such conversion, sale, merger, consolidation or transfer to which an Agent is a party, will be and become the
successor Agent under this Agreement and related Loan Documents and will have and succeed to the rights, powers, duties, immunities
and privileges as its predecessor, without the execution or filing of any instrument or paper or the performance of any further
act.

 

SECTION 8.07              
Non-Reliance on Agents and Lenders.

 

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

 

Each Lender, by delivering
its signature page to this Agreement and funding its Loans on the Effective Date, or delivering its signature page to an Assignment
and Assumption, Incremental Facility Amendment or Refinancing Amendment pursuant to which it shall become a Lender hereunder, shall
be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to
be delivered to, or be approved by or satisfactory to, the Agents and/or the Lenders on the Effective Date.

 

No Lender and no
other Secured Party shall have any right individually to realize upon any of the Collateral or to enforce any Guarantee of
the Secured Obligations, it being understood and agreed that all powers, rights and remedies under the Loan Documents may be
exercised solely by the Administrative Agent and the Collateral Agent on behalf of the Lenders and the other Secured Parties
in accordance with the terms thereof. In the event of a foreclosure by the Administrative Agent or the Collateral Agent on
any of the Collateral pursuant to a public or private sale or other disposition, the Administrative Agent, the Collateral
Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition,
and the Administrative Agent or the Collateral Agent, as agent for and representative of the Lenders and the other Secured
Parties (but not any Lender, Lenders, Secured Party or Secured Parties in its or their respective individual capacities
unless Required Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement
or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any
of the Secured Obligations as a credit on account of the purchase price for any collateral payable by the Administrative
Agent or the Collateral Agent on behalf of the Lenders at such sale or other disposition. Each Lender, whether or not a party
hereto, will be deemed, by its acceptance of the benefits of the Collateral and of the Guarantees of the Secured Obligations,
to have agreed to the foregoing provisions.

 

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SECTION 8.08              
No Other Duties, Etc.

 

Anything herein to the
contrary notwithstanding, neither the Bookrunners nor the Lead Arrangers 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 Issuing Bank hereunder.

 

SECTION 8.09              
Administrative Agent May File Proofs of Claim.

 

In case of the pendency
of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent
(irrespective of whether the principal of any Loan or outstanding Letter of Credit shall then be due and payable as herein expressed
or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower)
shall be entitled and empowered, by intervention in such proceeding or otherwise:

 

(a)               
to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, Letters
of Credit outstanding and all other Secured 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 Issuing Bank and any Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the Issuing Bank and such Agent and their respective agents
and counsel and all other amounts due the Lenders, the Issuing Bank and each Agent under Sections 2.12 and 9.03)
allowed in such judicial proceeding; and

 

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

 

and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender
and the Issuing Bank and, by its acceptance of the benefits of the Security Documents, each Secured Party that is not a party hereto,
to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such payments
directly to the Lenders and the Issuing Bank, to pay to the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of any Agent and its agents and counsel, and any other amounts due such Agent under Sections 2.12
and 9.03.

 

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 Issuing Bank or any Secured Party that is not a party hereto any plan of reorganization, arrangement, adjustment or composition
affecting the Secured Obligations or the rights of any Lender or the Issuing Bank or any Secured Party that is not a party hereto
to authorize the Administrative Agent to vote in respect of the claim of any Lender or the Issuing Bank or in any such proceeding.

 

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SECTION 8.10              
No Waiver; Cumulative Remedies; Enforcement.

 

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

 

Notwithstanding anything
to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under
the other 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 Article VII for the benefit of all the Lenders and the Issuing Banks; provided, however, that the foregoing
shall not prohibit (a) any Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in
its capacity as Agent) hereunder and under the other Loan Documents, (b) the Issuing Banks from exercising the rights and remedies
that inure to its benefit (solely in its capacity as Issuing Bank) hereunder and under the other Loan Documents, (c) any Lender
from exercising setoff rights in accordance with Section 9.08 (subject to the terms of Section 2.18), 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 an
Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to such
Agent pursuant to Article VII and (ii) in addition to the matters set forth in clauses (b), (c) and (d)
of the preceding proviso and subject to Section 2.18, any Lender may, with the consent of the Required Lenders, enforce
any rights and remedies available to it and as authorized by the Required Lenders.

 

SECTION 8.11              
Withholding Taxes.

 

To the extent
required by any applicable Requirements of Law (as determined in good faith by the Administrative Agent), the Administrative
Agent may deduct or withhold from any payment to any Lender an amount equivalent to any applicable withholding Tax. If the
Internal Revenue Service or any other Governmental Authority of the United States or other jurisdiction asserts a claim that
the Administrative Agent did not properly withhold Tax from amounts paid to or for the account of any Lender for any reason
(including because the appropriate form was not delivered or not property executed, or because such Lender failed to notify
the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding Tax
ineffective), such Lender shall indemnify and hold harmless the Administrative Agent (to the extent that the Administrative
Agent has not already been reimbursed by the Loan Parties pursuant to Section 2.17 and without limiting any obligation
of the Loan Parties to do so pursuant to such Section) fully for all amounts paid, directly or indirectly, by the
Administrative Agent as Taxes or otherwise, together with all expenses incurred, including legal expenses and any other
out-of-pocket expenses, whether or not such Tax was 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 Section 8.11. The agreements in this Section 8.11 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 this Agreement and the repayment, satisfaction or discharge of all other obligations under any Loan Document.
For the avoidance of doubt, the term “Lender” in this Article VIII shall include any Issuing Bank.

 

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SECTION 8.12              
Credit Bidding.

 

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
Secured Obligations (including by accepting some or all of the Collateral in satisfaction of some or all of the Secured 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, including
under Sections 363, 1123 or 1129 of the Bankruptcy Code, or any similar laws in any other jurisdictions to which a Loan Party is
subject, or (b) at any other sale, 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 Secured Obligations owed to the Secured Parties shall be entitled to be,
and shall be, credit bid by the Administrative Agent at the direction of the Required Lenders on a ratable basis (with Secured
Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable
basis that shall 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) for the asset or assets so purchased (or for the equity interests or
debt instruments of the acquisition vehicle or vehicles that are issued in connection with such purchase). In connection with any
such bid, (i) the Administrative Agent shall be authorized to form one or more acquisition vehicles and to assign any successful
credit bid to such acquisition vehicle or vehicles, (ii) each of the Secured Parties’ ratable interests in the Secured Obligations
which were credit bid shall be deemed without any further action under this Agreement to be assigned to such vehicle or vehicles
for the purpose of closing such sale, (iii) the Administrative Agent shall be authorized to adopt documents providing for the governance
of the acquisition vehicle or vehicles (provided that any actions by the Administrative Agent with respect to such acquisition
vehicle or vehicles, including any disposition of the assets or equity interests thereof, shall be governed, directly or indirectly,
by, and the governing documents shall provide for, control by the vote of the Required Lenders or their permitted assignees under
the terms of this Agreement or the governing documents of the applicable acquisition vehicle or vehicles, as the case may be, irrespective
of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders contained
in Section 9.02 of this Agreement), (iv) the Administrative Agent on behalf of such acquisition vehicle or vehicles shall be authorized
to issue to each of the Secured Parties, ratably on account of the relevant Secured Obligations which were credit bid, interests,
whether as equity, partnership interests, limited partnership interests or membership interests, in any such acquisition vehicle
and/or debt instruments issued by such acquisition vehicle, all without the need for any Secured Party or acquisition vehicle to
take any further action, and (v) to the extent that Secured 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 Secured Obligations
assigned to the acquisition vehicle exceeds the amount of Secured Obligations credit bid by the acquisition vehicle or otherwise),
such Secured Obligations shall automatically be reassigned to the Secured Parties pro rata with their original interest in such
Secured Obligations and the equity interests and/or debt instruments issued by any acquisition vehicle on account of such Obligations
shall automatically be cancelled, without the need for any Secured Party or any acquisition vehicle to take any further action.
Notwithstanding that the ratable portion of the Secured Obligations of each Secured Party are deemed assigned to the acquisition
vehicle or vehicles as set forth in clause (ii) above, each Secured Party shall execute such documents and provide such information
regarding the Secured Party (and/or any designee of the Secured Party which will receive interests in or debt instruments issued
by such acquisition vehicle) as the Administrative Agent may reasonably request in connection with the formation of any acquisition
vehicle, the formulation or submission of any credit bid or the consummation of the transactions contemplated by such credit bid.

 

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ARTICLE
IX

 

Miscellaneous

 

SECTION 9.01              
Notices.

 

(a)               
Except in the case of notices and other communications expressly permitted to be given by telephone, 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 fax or other electronic transmission, as follows:

 

(i)                
if to Holdings, the Borrower, the Administrative Agent or the Collateral Agent, to the address, fax number, e-mail address
or telephone number specified for such Person on Schedule 9.01; and

 

(ii)              
if to any Lender or Issuing Bank, to it at its address (or fax number, telephone number or e-mail address) set forth in
its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by such Lender or
Issuing Bank on its Administrative Questionnaire then in effect for the delivery of notices that may contain Material Non-Public
Information relating to the Borrower).

 

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 fax or other electronic transmission shall be deemed to have been given when sent (except
that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business
on the next Business Day for the recipient). Notices and other communications delivered through electronic communications to the
extent provided in subsection (b) below shall be effective as provided in such subsection (b).

 

(b)               
Electronic Communications. Notices and other communications to the Lenders and the Issuing Bank hereunder may be
delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures
reasonably approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or
the Issuing Bank pursuant to Article II if such Lender or the Issuing Bank, as applicable, has notified the Administrative
Agent that it is incapable of receiving notices under such Article by electronic communication.

 

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), provided that if such notice or other communication
is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at
the opening of business on the next Business Day for the recipient, 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.

 

(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 Holdings, the Borrower, any Lender, the Issuing Bank or any other Person for losses, claims, damages, liabilities
or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s
transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or
expenses are determined by a court of competent jurisdiction by a final and non-appealable 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 Holdings, the Borrower, any Lender, the Issuing Bank 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 Holdings, the Borrower, the Administrative Agent, the Issuing Bank may change its
address, electronic mail address, fax or telephone number for notices and other communications or website hereunder by notice to
the other parties hereto. Each other Lender may change its address, fax or telephone number for notices and other communications
hereunder by notice to the Borrower, the Administrative Agent, the Issuing Bank. 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, fax number and electronic mail address to which notices and other communications may be sent and (ii) accurate
wire instructions for such Lender.

 

(e)               
Reliance by Administrative Agent, Issuing Bank and Lenders. The Administrative Agent, the Issuing Bank and the Lenders
shall be entitled to rely and act upon any notices purportedly given by or on behalf of the 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 Borrower shall indemnify the
Administrative Agent, the Issuing Bank, each Lender and the Related Parties from all losses, costs, expenses and liabilities resulting
from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower in the absence of gross negligence
or willful misconduct as determined in a final and non-appealable judgment by a court of competent jurisdiction. All telephonic
notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent and each
of the parties hereto hereby consents to such recording.

 

SECTION 9.02              
Waivers; Amendments.

 

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

 

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(b)                Except
as provided in Section 2.14, Section 2.20 with respect to any Incremental Facility Amendment, Section
2.21 with respect to any Refinancing Amendment or Section 2.24 with respect to any Permitted Amendment, neither
this Agreement, any Loan Document nor any provision hereof or thereof may be waived, amended or modified except, in the case
of this Agreement, pursuant to an agreement or agreements in writing entered into by Holdings, the Borrower, the
Administrative Agent (to the extent that such waiver, amendment or modification does not affect the rights, duties,
privileges or obligations of the Administrative Agent under this Agreement, the Administrative Agent shall execute such
waiver, amendment or other modification to the extent approved by the Required Lenders) and the Required Lenders or, in the
case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent
and the Loan Party or Loan Parties that are parties thereto, in each case with the consent of the Required Lenders; provided
that no such agreement shall (i) increase the Commitment of any Lender or change any ratable sharing or payment
provision that directly and adversely affects any Lender (with only such Lenders whose entitlement to a payment under such
provisions is reduced being “directly and adversely affected”) without the written consent of such Lender (it
being understood that a waiver of any condition precedent set forth in Section 4.02 or the waiver of any Default,
Event of Default, mandatory prepayment or mandatory reduction of the Commitments shall not constitute an extension or
increase of any Commitment of any Lender), (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the
reimbursement obligations of the Borrower for the LC Exposure at such time (it being understood that a waiver of any Default,
Event of Default, mandatory prepayment or mandatory reduction of the Commitments shall not constitute a reduction or
forgiveness of principal) or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written
consent of each Lender directly and adversely affected thereby (it being understood that any change to the definition of
First Lien Leverage Ratio or in the component definitions thereof shall not constitute a reduction of interest or fees), provided that
only the consent of the Required Lenders shall be necessary to waive any obligation of the Borrower to pay default interest
pursuant to Section 2.13(c) or to waive the MFN Adjustment, (iii) postpone the maturity of any Loan, or the date
of any scheduled amortization payment of the principal amount of any Term Loan under Section 2.10 or the
applicable Refinancing Amendment, or the reimbursement date with respect to any LC Disbursement, or any date for the payment
of any interest or fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the
scheduled date of expiration of any Commitment (it being understood that a waiver of any Default, Event of Default, mandatory
prepayment or mandatory reduction of the Commitments shall not constitute an extension of any maturity date, any scheduled
amortization payment or the date for payment of any interest or fees), without the written consent of each Lender directly
and adversely affected thereby, (iv) change any of the provisions of this Section without the written consent of each Lender
directly and adversely affected thereby; provided that any such change which is in favor of a Class of Lenders holding
Loans maturing after the maturity of other Classes of Lenders (and only takes effect after the maturity of such other Classes
of Loans or Commitments) will require the written consent of the Required Lenders with respect to each Class directly and
adversely affected thereby, (v) change the percentage set forth in the definition of “Required Lenders”,
 “Majority in Interest” or any other provision of any Loan Document specifying the number or percentage of Lenders
(or Lenders of any Class) required to waive, amend or modify any rights thereunder or make any determination or grant any
consent thereunder, without the written consent of each Lender (or each Lender of such Class, as the case may be),
(vi) release all or substantially all the value of the Guarantees under the Guarantee Agreement (except as expressly
provided in the Loan Documents) without the written consent of each Lender (other than a Defaulting Lender),
(vii) release all or substantially all the Collateral from the Liens of the Security Documents, without the written
consent of each Lender (other than a Defaulting Lender) except as expressly provided in the Loan Documents, (viii) change any
provisions of any Loan Document in a manner that by its terms adversely affects the rights in respect of payments due to
Lenders holding Loans of any Class differently than those holding Loans of any other Class, without the written consent of
the Required Lenders with respect to any Class directly and adversely affected thereby, (ix) amend, modify or waive Section
6.10 (or, for the purposes of determining compliance with the Financial Performance Covenant, any defined term used therein)
or Section 7.02 without the written consent of a Majority in Interest of the Revolving Lenders or (x) waive, amend,
supplement or modify any condition precedent set forth in Section 4.02 as applied to the obligation of the Lenders to make
Revolving Loans without the written consent of a Majority in Interest of the Revolving Lenders; provided further that
(A) no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, the
Collateral Agent or any Issuing Bank without the prior written consent of the Administrative Agent, the Collateral Agent and
such Issuing Bank, as applicable, (B) any provision of this Agreement or any other Loan Document may be amended by an
agreement in writing entered into by Holdings, the Borrower and the Administrative Agent in order (i) to comply with local
law or advise of local counsel or (ii) to cure any (1) ambiguity, omission, defect or inconsistency or technical error
or (2) mistake, the cure of which mistake would not be adverse to the Lenders, in the good faith determination of the
Borrower and the Administrative Agent, and (C) any waiver, amendment or modification of this Agreement that by its terms
affects the rights or duties under this Agreement of Lenders holding Loans or Commitments of a particular Class (but not the
Lenders holding Loans or Commitments of any other Class) may be effected by an agreement or agreements in writing entered
into by Holdings, Intermediate Parent, the Borrower and the requisite percentage in interest of the affected Class of Lenders
stating that would be required to consent thereto under this Section if such Class of Lenders were the only Class of Lenders
hereunder at the time. Notwithstanding the foregoing, (a) this Agreement may be amended (or amended and restated) with
the written consent of the Required Lenders, the Administrative Agent, Holdings and the Borrower (i) to add one or more
additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding
thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the
other Loan Documents and (ii) to include appropriately the Lenders holding such credit facilities in any determination of the
Required Lenders on substantially the same basis as the Lenders prior to such inclusion and (b) guarantees, Security
Documents and related documents in connection with this Agreement may be in a form reasonably determined by the
Administrative Agent and may be, together with this Agreement and the other Loan Documents, amended and waived with the
consent of the Administrative Agent at the request of the Borrower without the need to obtain the consent of any other Lender
if such amendment or waiver is delivered in order (i) to comply with local law or advice of local counsel, (ii) to cure any
(1) ambiguity, omission, defect or inconsistency or technical error or (2) mistake, the cure of which mistake would not be
adverse to the Lenders, in the good faith determination of the Borrower and the Administrative Agent, (iii) to cause such
guarantee, collateral security document or other document to be consistent with this Agreement and the other Loan Documents,
or (iv) to integrate any Incremental Facility or Credit Agreement Refinancing Indebtedness in a manner consistent with this
Agreement and the other Loan Documents, including the relevant Intercreditor Agreement(s).

 

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(c)                In
connection with any proposed amendment, modification, waiver or termination (a “Proposed Change”)
requiring the consent of all Lenders or all directly and adversely affected Lenders, if the consent of the Required Lenders
(and, to the extent any Proposed Change requires the consent of Lenders holding Loans of any Class pursuant to
clause (iv), (ix) or (xi) of paragraph (b) of this Section 9.02, the consent of a
Majority in Interest of the outstanding Loans and unused Commitments of such Class) to such Proposed Change is obtained, but
the consent to such Proposed Change of other Lenders whose consent is required is not obtained (any such Lender whose consent
is not obtained as described in paragraph (b) of this Section 9.02 being referred to as a
 “Non-Consenting Lender”), then, so long as the Lender that is acting as Administrative Agent is not a
Non-Consenting Lender, the Borrower may, at its sole expense and effort, upon notice to such Non-Consenting Lender and the
Administrative Agent, (i) if no Event of Default under Sections 7.01(a), (b), (h) or (i) exists,
permanently prepay all of the Loans of any Class owing by it to, and terminating any Commitments of, such Non-Consenting
Lender or (ii) require such Non-Consenting Lender to assign and delegate, without recourse (in accordance with and subject to
the restrictions contained in Section 9.04), all its interests, rights and obligations under this Agreement to an
Eligible Assignee that shall assume such obligations (which Eligible Assignee may be another Lender, if a Lender accepts such
assignment), provided that (a) the Borrower shall have received the prior written consent of the Administrative Agent
to the extent such consent would be required under Section 9.04(b) for an assignment of Loans or Commitments, as
applicable (and, if a Revolving Commitment is being assigned, each Issuing Bank), which consent shall not unreasonably be
withheld, (b) such Non-Consenting Lender shall have received payment of an amount equal to the outstanding par principal
amount of its Loans and participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts
payable to it hereunder (including pursuant to Section 2.11(a)(i)) from the Eligible Assignee (to the extent of such
outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and (c) unless
waived, the Borrower or such Eligible Assignee shall have paid to the Administrative Agent the processing and recordation fee
specified in Section 9.04(b).

 

(d)               
Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, the Revolving Commitments, Term
Loans and Revolving Exposure of any Lender that is at the time a Defaulting Lender shall not have any voting or approval rights
under the Loan Documents and shall be excluded in determining whether all Lenders (or all Lenders of a Class), all affected Lenders
(or all affected Lenders of a Class), a Majority in Interest of Lenders of any Class or the Required Lenders have taken or may
take any action hereunder (including any consent to any amendment or waiver pursuant to this Section 9.02); provided
that (x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any
waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that affects any Defaulting Lender
more adversely than other affected Lenders shall require the consent of such Defaulting Lender.

 

(e)               
Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, each Affiliated Lender (other than
an Affiliated Debt Fund) hereby agrees that, for purposes of any plan of reorganization, such Affiliated Lender will be deemed
to have voted in the same proportion as non-Affiliated Lenders voting on such matter; provided that such Affiliated Lender
shall be entitled to vote in accordance with its sole discretion in connection with any plan of reorganization to the extent (a)
any such plan of reorganization proposes to treat any Secured Obligations held by such Affiliated Lender in a manner that is less
favorable in any material respect to such Affiliated Lender than the proposed treatment of similar Secured Obligations held by
Lenders that are not Affiliates of the Borrower, (b) that would deprive such Affiliated Lender of its pro rata share of any payments
to which it is entitled or (c) if such plan of reorganization does not require the consent of each Lender or each affected Lender.

 

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SECTION 9.03              
Expenses; Indemnity; Damage Waiver.

 

(a)                The
Borrower shall pay, if the Effective Date occurs and the Transactions have been consummated, (i) all reasonable and
documented out-of-pocket costs and expenses incurred by the Commitment Parties (limited, in the case of legal fees and
expenses, to the reasonable and documented fees, disbursements and other charges of White & Case LLP and, if reasonably
necessary, of a single firm of local counsel to the Commitment Parties in each relevant material jurisdiction (which may
include a single special counsel acting in multiple jurisdictions) and of such other counsel retained with the
Borrower’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed), in each case
incurred in connection with the Credit Facilities, and the preparation, execution, delivery and administration of the Loan
Documents or any amendments, modifications or waivers of the provisions thereof), (ii) all reasonable and documented
out-of-pocket costs and expenses incurred by each Issuing Bank in connection with the issuance, amendment, renewal or
extension of any Letter of Credit or any demand for payment thereunder and (iii) all reasonable and documented
out-of-pocket expenses incurred by each Agent, each Issuing Bank or any Lender, including the fees, charges and disbursements
of counsel for such Agent, the Issuing Banks and the Lenders, in connection with the preservation, enforcement or protection
of any rights or remedies (A) in connection with the Loan Documents (including all such costs and expenses incurred
during any legal proceeding, including any proceeding under any Debtor Relief Laws), including its rights under this Section
9.03 or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such
out-of-pocket costs and expenses incurred during any workout, restructuring or negotiations in respect of such Loans or
Letters of Credit; provided that such counsel shall be limited to one lead counsel and one local counsel in each
applicable jurisdiction (exclusive of any reasonably necessary special counsel) (and, in the case of a conflict of interest,
where each Agent, each Issuing Bank or any Lender affected by such conflict notifies Holdings of the existence of such
conflict and thereafter retains its own counsel, one additional counsel) and such other counsel as may be retained with the
Borrower’s consent (such consent not to be unreasonably withheld or delayed). Notwithstanding the foregoing, the
expenses of counsel shall not include any allocated costs of in-house counsel.

 

(b)                The
Borrower shall indemnify each Agent, each Issuing Bank, each Lender, the Lead Arrangers, the Bookrunners and each Related
Party of any of the foregoing Persons (but excluding any such Person to the extent such Person is acting as a financial
advisor to the Public Parent in connection with the Transactions (any such Person to the extent acting in such capacity, an
 “Excluded Party”)) (each such Person being called an “Indemnitee”) against, and hold
each Indemnitee harmless from (without duplication), any and all losses, claims, damages, liabilities and reasonable and
documented out-of-pocket fees and expenses (limited, in the case of legal fees and expenses, to the reasonable and documented
fees, charges and disbursements of one counsel for all Indemnitees, to the extent reasonably necessary, a single firm of
local counsel in each relevant material jurisdiction (which may include a single special counsel acting in multiple
jurisdictions) for all such Indemnitees, taken as a whole (and, solely in the case of an actual or potential conflict of
interest, where the Indemnitee affected by such conflict notifies the Borrower of the existence of such conflict and
thereafter retains its own counsel after receipt of consent from the Borrower (not to be unreasonably withheld or delayed),
of one additional firm of counsel for the affected Indemnitees, and, if reasonably necessary, one additional firm of local
counsel in each appropriate material jurisdiction (which may include a single special counsel acting in multiple
jurisdictions) for such affected Indemnitees, taken as a whole), incurred by or asserted against any Indemnitee by any third
party or by the Borrower, Holdings or any Subsidiary arising out of, in connection with, or as a result of any claim,
litigation, investigation or proceeding (including any inquiry or investigation), regardless of whether any such Indemnitee
is a party thereto, whether based on contract, tort or any other theory, relating to (i) the execution or delivery of
this Agreement, any Loan Document or any other agreement or instrument contemplated hereby or thereby, the performance by the
parties to the Loan Documents of their respective obligations thereunder, the consummation of the Transactions or any other
transactions contemplated thereby, the syndication of the Credit Facilities or the enforcement of any obligations of a Loan
Party hereunder or under any other Loan Document, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom
(including any refusal by the Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented
in connection with such demand do not strictly comply with the terms of such Letter of Credit) or (iii) to the extent in
any way arising from or relating to any of the foregoing, any actual or alleged presence or Release or threat of Release of
Hazardous Materials on, at, to or from any Mortgaged Property or any other property currently or formerly owned or operated
by Holdings, any Intermediate Parent, the Borrower or any Subsidiary, or any other Environmental Liability related in any way
to Holdings, any Intermediate Parent, the Borrower or any Subsidiary; provided that such indemnity shall not, as to
any Indemnitee, be available to the extent that such losses, claims, damages, liabilities, costs or related expenses
(w) resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or its Related Parties acting
on behalf of, or at the direction of, the Indemnitee (in each case, as determined by a court of competent jurisdiction in a
final and non-appealable judgment), (x) resulted from a material breach of the Loan Documents by such Indemnitee or its
Related Parties acting on behalf of, or at the direction of, the Indemnitees (in each case, as determined by a court of
competent jurisdiction in a final and non-appealable judgment), (y) brought by Holdings, the Borrower or any Restricted
Subsidiary or any of their successors or permitted assigns against any such Indemnitee or (z) arise from disputes
between or among Indemnitees (other than disputes involving claims against the Agents, the Lead Arrangers, the Bookrunners or
any Issuing Bank, in each case, in their respective capacities) that does not arise from an act or omission by Holdings, the
Borrower or any Restricted Subsidiary. This Section 9.03 shall not apply with respect to Taxes other than any Taxes
that represent losses, claims, damages, etc. arising from any non-Tax claim.

 

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(c)               
To the extent that the Borrower fails to pay any amount required to be paid by it to any Agent, any Lender or any Issuing
Bank under paragraph (a) or (b) of this Section 9.03, each Lender severally agrees to pay to such Agent,
such Lender or such Issuing Bank, 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) of such unpaid amount; provided that the unreimbursed expense or indemnified
loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against such Agent, such Lender
or such Issuing Bank in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined
based upon its share of the aggregate Revolving Exposures, outstanding Term Loans and unused Commitments at such time (or if all
such amounts have been reduced to zero, at the time immediately preceding such reduction). The obligations of the Lenders under
this paragraph (c) are subject to the last sentence of Section 2.02(a) (which shall apply mutatis mutandis
to the Lenders’ obligations under this paragraph (c)).

 

(d)               
To the extent permitted by applicable law, (i) neither Holdings nor the Borrower shall assert, and each hereby waives, any
claim against any Indemnitee for any direct or actual damages arising from the use by unintended recipients of information or other
materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information
transmission systems (including the Internet) in connection with this Agreement or the other Loan Documents or the transactions
contemplated hereby or thereby; provided that such indemnity shall not, as to any Indemnitee, be available to the extent
that such direct or actual damages are determined by a court of competent jurisdiction by final, non-appealable judgment to have
resulted from the gross negligence, bad faith or willful misconduct of, or a material breach of the Loan Documents by, such Indemnitee
or its Related Parties and (ii) no Loan Party (or any Affiliate thereof), Investor (or any Affiliate thereof), or Indemnitee shall
be liable for any special, indirect, consequential, incidental, exemplary or punitive damages (as opposed to direct or actual damages)
arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated
hereby or thereby, the Financing Transactions, any Loan or Letter of Credit or the use of the proceeds thereof; provided that nothing
in this paragraph shall limit any Loan Party’s (or any Affiliate thereof) or Investor’s (or any Affiliate thereof)
indemnity and reimbursement obligations to the extent that such indirect, special, punitive or consequential damages are included
in any claim by a third party unaffiliated with the applicable Indemnitee with respect to which the applicable Indemnitee is entitled
to indemnification as set forth in this Section 9.03.

 

(e)               
All amounts due under this Section 9.03 shall be payable not later than thirty (30) Business Days after written demand
therefor; provided, however, that any Indemnitee shall promptly refund an indemnification payment received hereunder
to the extent that there is a final judicial determination that such Indemnitee was not entitled to indemnification with respect
to such payment pursuant to this Section 9.03.

 

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SECTION 9.04         Successors
and Assigns.

 

(a)           The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that (i) the
Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of
each Lender, each Issuing Bank and the acknowledgement of the Administrative Agent (and any attempted assignment or transfer by
the Borrower without such consent shall be null and void), (ii) no assignment shall be made to any Defaulting Lender or any of
its Subsidiaries, or any Persons who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described
in this clause (ii) and (iii) no Lender may assign or otherwise transfer its rights or obligations hereunder except
in accordance with this Section 9.04. Nothing in this Agreement, expressed or implied, shall be construed to confer upon
any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of
the Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this
Section 9.04), the Indemnitees and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative
Agent, the Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

(b)          (i)
Subject to the conditions set forth in paragraphs (b)(ii) and (f) below, any Lender may assign to one or more
Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment
and the Loans at the time owing to it) with the prior written consent (such consent (except with respect to assignments to competitors
of the Borrower) not to be unreasonably withheld, conditioned or delayed) of (A) the Borrower; provided that no consent
of the Borrower shall be required for an assignment (x) by a Term Lender to any other Lender, any Affiliate of a Lender or any
Approved Fund, (y) by a Revolving Lender to any other Revolving Lender, any Affiliate of a Revolving Lender or any Approved Fund
or (z) if an Event of Default under Sections 7.01(a), (b), (h) or (i) with respect to the Borrower
has occurred and is continuing (other than in respect of a proposed assignment to a Disqualified Lender); provided further
that no assignee contemplated by the immediately preceding proviso shall be entitled to receive any greater payment under
Section 2.15 or Section 2.17 than the applicable assignor would have been entitled to receive with respect to the
assignment made to such assignee, unless the assignment to such assignee is made with the Borrower’s prior written consent;
provided further that the Borrower shall have the right to withhold its consent to any assignment if in order
for such assignment to comply with applicable law, the Borrower would be required to obtain the consent of, or make any filing
or registration with, any Governmental Authority, (B) the Administrative Agent; provided that no consent of the Administrative
Agent shall be required for an assignment of all or any portion of a Term Loan or Term Commitment to (x) a Lender, an Affiliate
of a Lender or an Approved Fund or (y) subject to Section 9.04(f) and (g), an Affiliated Lender, Holdings, the Borrower
or any of its Subsidiaries and (C) each Issuing Bank; provided that no consent of any Issuing Bank shall be required for
an assignment of all or any portion of a Term Loan or Term Commitment. Notwithstanding anything in this Section 9.04
to the contrary, if the Borrower has not given the Administrative Agent written notice of its objection to an assignment of Term
Loans, Revolving Commitments and/or Revolving Loans within ten (10) Business Days after written notice of such assignment, the
Borrower shall be deemed to have consented to such assignment (other than in respect of a proposed assignment to a Disqualified
Lender).

 

(ii)            
Assignments shall be subject to the following additional conditions: (A) except in the case of an assignment to a
Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s
Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment
(determined as of the trade date specified in the Assignment and Assumption with respect to such assignment or, if no trade date
is so specified, as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative
Agent) shall, in the case of Revolving Loans, not be less than $1,000,000 (and integral multiples of $1,000,000 in excess thereof)
or, in the case of a Term Loan, not be less than $1,000,000 (and integral multiples of $1,000,000 in excess thereof), unless the
Borrower and the Administrative Agent otherwise consent (in each case, such consent not to be unreasonably withheld, conditioned
or delayed); provided that no such consent of the Borrower shall be required if an Event of Default under Sections 7.01(a),
(b), (h) or (i) with respect to the Borrower has occurred and is continuing (other than in respect of a proposed
assignment to a Disqualified Lender), (B) each partial assignment shall be made as an assignment of a proportionate part
of all the assigning Lender’s rights and obligations under this Agreement; provided that this clause (B)
shall not be construed to prohibit assignment of a proportionate part of all the assigning Lender’s rights and obligations
in respect of one Class of Commitments or Loans, (C) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption via an electronic settlement system acceptable to the Administrative Agent or, if previously
agreed with the Administrative Agent, manually execute and deliver to the Administrative Agent an Assignment and Assumption, and,
in each case, together with a processing and recordation fee of $3,500; provided that the Administrative Agent, in its
sole discretion, may elect to waive or reduce such processing and recordation fee; provided further that any
such Assignment and Assumption shall include a representation by the assignee that the assignee is not a Disqualified Lender or
an Affiliate of a Disqualified Lender; provided further that assignments made pursuant to Section 2.19(b)
or Section 9.02(c) shall not require the signature of the assigning Lender to become effective, (D) the assignee, if
it shall not be a Lender, shall deliver to the Borrower and the Administrative Agent any tax forms required by Section 2.17(e)
and an Administrative Questionnaire in which the assignee designates one or more credit contacts to whom all syndicate-level
information (which may contain Material Non-Public Information about the Borrower, the other Loan Parties and their Related Parties
or their respective securities) will be made available and who may receive such information in accordance with the assignee’s
compliance procedures and applicable laws, including Federal and state securities laws and (E) unless the Borrower otherwise consents,
no assignment of all or any portion of the Revolving Commitment of an Issuing Bank may be made unless (1) the assignee shall
be or becomes an Issuing Bank, as applicable, and assume a ratable portion of the rights and obligations of such assignor in its
capacity as Issuing Bank, or (2) the assignor agrees, in its discretion, to retain all of its rights with respect to and obligations
to issue Letters of Credit, as applicable, hereunder in which case the Applicable Fronting Exposure of such assignor may exceed
such assignor’s Revolving Commitment for purposes of Sections 2.05(a) and 2.05(b) by an amount not to
exceed the difference between the assignor’s Revolving Commitment prior to such assignment and the assignor’s Revolving
Commitment following such assignment; provided that no such consent of the Borrower shall be required if an Event of Default
under Sections 7.01(a), (b), (h) or (i) with respect to the Borrower has occurred and is continuing
(other than in respect of a proposed assignment to a Disqualified Lender).

 

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(iii)            Subject
to acceptance and recording thereof pursuant to paragraph (b)(v) of this Section 9.04, from and after the effective
date specified in each Assignment and Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations
under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and
obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits
of (and subject to the obligations and limitations of) Sections 2.15, 2.16, 2.17 and 9.03 and to any
fees payable hereunder that have accrued for such Lender’s account but have not yet been paid). Any assignment or transfer
by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated
for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph
(c)(i) of this Section 9.04.

 

(iv)             The
Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices
a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitment of, and principal and interest amounts of the Loans and LC Disbursements owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). Notwithstanding the foregoing, in no
event shall the Administrative Agent be obligated to ascertain, monitor or inquire as to whether any Lender is an Affiliated
Lender, nor shall the Administrative Agent be obligated to monitor the aggregate amount of the Loans or Incremental
Facilities held by Affiliated Lenders. The entries in the Register shall be conclusive absent manifest error, and Holdings,
the Borrower, the Administrative Agent, the Issuing Banks and the Lenders shall treat each Person whose name is recorded in
the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to
the contrary. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and
revocation of designation, of any Lender as a Defaulting Lender. The Register shall be available for inspection by the
Borrower, the Issuing Banks and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

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(v)             Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s
completed Administrative Questionnaire and any tax forms required by Section 2.17(e) (unless the assignee shall already
be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section 9.04
and any written consent to such assignment required by paragraph (b) of this Section 9.04, the Administrative
Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall
be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.

 

(vi)             The
words “execution,” “signed,” “signature” and words of like import in any Assignment and Assumption
shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same
legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as
the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global
and National Commerce Act, the New York State Electronic Signatures and Records Act or any other similar state laws based on the
Uniform Electronic Transactions Act.

 

(c)         
(i) Any Lender may, without the consent of the Borrower, the Administrative Agent or the Issuing Banks, sell participations
to one or more banks or other Persons (other than to a Person that is not an Eligible Assignee) (a “Participant”)
in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment
and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged,
(B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) Holdings,
the Borrower, the Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant
to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement
and any other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement and any other
Loan Documents; provided that such agreement or instrument may provide that such Lender will not, without the consent of
the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 9.02(b) that
directly and adversely affects such Participant. Subject to paragraph (c)(iii) of this Section, the Borrower agrees
that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 (subject to the obligations
and limitations thereof and Section 2.19, it being understood that any tax forms required by Section 2.17(e) shall
be provided solely to the participating Lender) to the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to paragraph (b) of this Section 9.04. To the extent permitted by law, each Participant also shall
be entitled to the benefits of Section 9.08 as though it were a Lender; provided that such Participant agrees
to be subject to Section 2.18(c) as though it were a Lender.

 

(ii)              Each
Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a
register on which it enters the name and address of each Participant and the principal amounts (and related interest amounts)
of each participant’s interest in the Loans or other obligations under this Agreement (the “Participant
Register”). The entries in the Participant Register shall be conclusive, absent manifest error, and the parties
hereto 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. No Lender shall have any obligation to disclose all or
any portion of its Participant Register to any Person (including the identity of any Participant or any information relating
to a Participant’s interest in any Commitments, Loans or other obligations under the Loan Documents) except to the
extent that the relevant parties, acting reasonably and in good faith, determine that such disclosure is necessary in
connection with a Tax audit or other proceeding to establish that any Loan or other obligation under the Loan Documents is in
registered form under Section 5f.103-1(c) and proposed Section 1.163-5(b) of the United States Treasury regulations.

 

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(iii)            
A Participant shall not be entitled to receive any greater payment under Section 2.15, 2.16 or 2.17
than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless
the sale of the participation to such Participant is made with the Borrower’s prior written consent (not to be unreasonably
withheld, conditioned or delayed).

 

(d)           Any
Lender may, without the consent of the Borrower or the Administrative Agent, at any time pledge or assign a security interest
in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment
to secure obligations to a Federal Reserve Bank or other “central” bank, and this Section 9.04 shall not apply
to any such pledge or assignment of a security interest, provided that no such pledge or assignment of a security interest
shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party
hereto.

 

(e)           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 Borrower and the Administrative Agent, the applicable pro rata share of Loans previously
requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent),
to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender
hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations
in Letters of Credit 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.

 

(f)            Notwithstanding anything to the contrary herein, any Lender may, at any time, assign all or a portion of its rights and
obligations under this Agreement to an Affiliated Lender subject to the following limitations:

 

(i)               (x)
Affiliated Lenders (other than Affiliated Debt Funds) will not receive information provided solely to Lenders by the
Administrative Agent or any Lender and will not be permitted to attend or participate in meetings attended solely by the
Lenders and the Administrative Agent, other than the right to receives notices of Borrowings, notices of prepayments and
other administrative notices in respect of its Loans or Commitments required to be delivered to Lenders pursuant to Article
II and (y) Affiliated Lenders shall not have any right to bring any action against the Administrative Agent in its
capacity as such in connection with any Term Loans purchased by assignment pursuant to this Section 9.04 or to
challenge the Administrative Agent’s attorney-client privilege;

 

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(ii)              for
purposes of any amendment, waiver or modification of any Loan Document (including such modifications pursuant to Section 9.02),
or, subject to Section 9.02(e), any plan of reorganization pursuant to the Bankruptcy Code, that in either case does not
require the consent of each Lender or each affected Lender or does not adversely affect such Affiliated Lender in any material
respect as compared to other Lenders, or that would deprive such Affiliated Lender of its pro rata share of any payments to which
it is entitled, Affiliated Lenders will be deemed to have voted in the same proportion as the Lenders that are not Affiliated
Lenders voting on such matter; and each Affiliated Lender hereby acknowledges, agrees and consents that if, for any reason, its
vote to accept or reject any plan pursuant to the Bankruptcy Code is not deemed to have been so voted, then such vote will be
(x) deemed not to be in good faith and (y) “designated” pursuant to Section 1126(e) of the Bankruptcy Code such that
the vote is not counted in determining whether the applicable class has accepted or rejected such plan in accordance with Section
1126(c) of the Bankruptcy Code; provided that Affiliated Debt Funds will not be subject to such voting limitations and
will be entitled to vote as any other Lender (subject to the limitations set forth in the definition of “Required Lenders”);

 

(iii)            
Affiliated Lenders may not purchase Revolving Loans, including pursuant to this Section 9.04;

 

(iv)             the
aggregate principal amount of Term Loans purchased by assignment pursuant to this Section 9.04 and held at any one time
by Affiliated Lenders (other than Affiliated Debt Funds) may not exceed 30.0% of the aggregate principal amount of all Term Loans
outstanding at the time of such purchase, after giving effect to any substantially simultaneous cancellations thereof;

 

(v)              Affiliated Lenders shall clearly identify themselves as an Affiliated Lender in the loan assignment documentation. In no
event shall the Administrative Agent be obligated to ascertain, monitor or inquire as to whether any lender is an Affiliated Lender
or Affiliated Debt Fund nor shall the Administrative Agent be obligated to monitor the number of Affiliated Lenders or Affiliated
Debt Funds or the aggregate amount of Term Loans or Incremental Term Loans held by Affiliated Lenders or Affiliated Debt Funds;

 

(vi)             Affiliated Lenders (other than Affiliated Debt Funds) will not be permitted to vote on matters requiring a Required Lender
vote, and the Term Loans held by Affiliated Lenders (other than Affiliated Debt Funds) shall be disregarded in determining (x)
other Lenders’ commitment percentages and (y) matters submitted to Lenders for consideration that do not require the consent
of each Lender or each affected Lender or do not adversely affect such Affiliated Lender in any material respect as compared to
other Lenders that are not Affiliated Lenders; provided that the commitments of any Affiliated Lender shall not be increased,
the Interest Payment Dates and the dates of any scheduled amortization payments (including at maturity) owed to any Affiliated
Lender hereunder will not be extended and the amounts owning to any Affiliated Lender hereunder will not be reduced without the
consent of such Affiliated Lender;

 

(vii)           each
Lender making such assignment to such Affiliated Lender acknowledges and agrees that in connection with such assignment, (1)
such Affiliated Lender then may have, and later may come into possession of Material Non-Public Information, (2) such Lender
has independently and, without reliance on Holdings, any of its Subsidiaries, the Administrative Agent or any of their
respective Affiliates, made its own analysis and determination to enter into such assignment notwithstanding such
Lender’s lack of knowledge of the Material Non-Public Information, (3) none of the Affiliated Lenders or any of their
Subsidiaries, or Holdings, the Borrower or any Restricted Subsidiary, shall be required to make any representation that it is
not in possession of Material Non-Public Information, (4) none of Holdings, its Subsidiaries, the Administrative Agent, or
any of their respective Affiliates shall have any liability to such Lender, and such Lender hereby waives and releases, to
the extent permitted by Requirements of Law, any claims such Lender may have against Holdings, its Subsidiaries, the
Administrative Agent, and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure
of the Material Non-Public Information, (5) the Material Non-Public Information may not be available to the Administrative
Agent or the other Lenders and (6) the parties to such assignment shall execute a customary “big boy” disclaimer
letter in connection with such assignment; and

 

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(viii)         
notwithstanding anything in Section 9.02 or the definition of the term “Required Lenders” to the contrary,
for purposes of determining whether the Required Lenders have (1) consented (or not consented) to any amendment, modification,
waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom,
(2) otherwise acted on any matter related to any Loan Document, or (3) directed or required the Administrative Agent or any Lender
to undertake any action (or refrain from taking any action) with respect to or under any Loan Document, in each case, (x) all Term
Loans held by any Affiliated Lenders that are not Affiliated Debt Funds shall be deemed to have voted in respect to its Loans in
the same proportion as the Lenders that are not Affiliated Lenders voting on such matter for all purposes of calculating whether
the Required Lenders have taken any actions and (y) all Term Loans, Revolving Commitments and Revolving Exposure held by Affiliated
Debt Funds may not account for more than 49.9% of the Term Loans, Revolving Commitments and Revolving Exposure of consenting Lenders
included in determining whether the Required Lenders have consented to any action (or inaction) pursuant to Section 9.02;

 

(ix)             any
Affiliated Lender (other than Affiliated Debt Funds) may (but shall not be obligated to) contribute such Term Loans acquired by
it to Holdings or any of its Subsidiaries for purposes of cancelling such Indebtedness, which may include a contribution to the
Borrower (whether through direct or indirect parent entities or otherwise) in exchange for debt or equity securities of such parent
entity or the Borrower that are otherwise permitted to be issued by such entity or the Borrower at such time under this Agreement;
and

 

(x)              each
Affiliated Lender shall deliver to the Administrative Agent any tax forms required by Section 2.17(e).

 

(g)          Any
Lender may, at any time, assign all or a portion of its Term Loans (but not Revolving Loans) to Holdings or any of its
Subsidiaries, through (x) Dutch auctions or other offers to purchase open to all Lenders on a pro rata basis in accordance
with procedures of the type described in Section 2.11(a)(ii) or other customary procedures acceptable to the
Administrative Agent and/or (y) open market purchases on a non-pro rata basis, provided that (i) the Borrower shall
not make any Borrowing of Revolving Loans to fund such assignment, (ii) any Term Loans that are so assigned will be
automatically and irrevocably cancelled and the aggregate principal amount of the tranches and installments of the relevant
Term Loans then outstanding shall be reduced by an amount equal to the principal amount of such Term Loans, (iii) no Event of
Default shall have occurred and be continuing and (iv) each Lender making such assignment to Holdings or any of its
Subsidiaries acknowledges and agrees that in connection with such assignment, (1) Holdings or its Subsidiaries then may have,
and later may come into possession of Material Non-Public Information, (2) such Lender has independently and, without
reliance on Holdings, any of its Subsidiaries, the Administrative Agent or any of their respective Affiliates, made its own
analysis and determination to enter into such assignment notwithstanding such Lender’s lack of knowledge of the
Material Non-Public Information and (3) none of Holdings, its Subsidiaries, the Administrative Agent, or any of their
respective Affiliates shall have any liability to such Lender, and such Lender hereby waives and releases, to the extent
permitted by Requirements of Law, any claims such Lender may have against Holdings, its Subsidiaries, the Administrative
Agent, and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Material
Non-Public Information. Each Lender entering into such an assignment further acknowledges that the Material Non-Public
Information may not be available to the Administrative Agent or the other Lenders.

 

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(h)          Notwithstanding
the foregoing, no assignment may be made or participation sold to a Disqualified Lender without the prior written consent of the
Borrower. Upon inquiry by any Lender to the Administrative Agent as to whether a specified potential assignee or prospective participant
is on the list of Disqualified Lenders, the Administrative Agent shall be permitted to disclose to such Lender whether such specific
potential assignee or prospective participant is on the list of Disqualified Lenders. Notwithstanding anything contained in this
Agreement or any other Loan Document to the contrary, if any Lender was a Disqualified Lender at the time of the assignment of
any Loans or Commitments to such Lender, following written notice from the Borrower to such Lender and the Administrative Agent:
(1) such Lender shall promptly assign all Loans and Commitments held by such Lender to an Eligible Assignee; provided that
(A) the Administrative Agent shall not have any obligation to the Borrower, such Lender or any other Person to find such a replacement
Lender, (B) the Borrower shall not have any obligation to such Disqualified Lender or any other Person to find such a replacement
Lender or accept or consent to any such assignment to itself or any other Person subject to the Borrower’s consent in accordance
with Section 9.04(b)(i) and (C) the assignment of such Loans and/or Commitments, as the case may be, shall be at par plus
accrued and unpaid interest and fees; (2) such Lender shall not have any voting or approval rights under the Loan Documents and
shall be excluded in determining whether all Lenders (or all Lenders of any Class), all affected Lenders (or all affected Lenders
of any Class), a Majority in Interest of Lenders of any Class or the Required Lenders have taken or may take any action hereunder
(including any consent to any amendment or waiver pursuant to this Section 9.02); provided that (x) the Commitment
of any Disqualified Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or
modification requiring the consent of all Lenders or each affected Lender that affects any Disqualified Lender adversely and in
a manner that is disproportionate to other affected Lenders shall require the consent of such Disqualified Lender; and (3) no
Disqualified Lender is entitled to receive information provided solely to Lenders by the Administrative Agent or any Lender or
will be permitted to attend or participate in meetings attended solely by the Lenders and the Administrative Agent, other than
the right to receive notices or Borrowings, notices or prepayments and other administrative notices in respect of its Loans or
Commitments required to be delivered to Lenders pursuant to Article II.

 

(i)            Notwithstanding
the foregoing, any Affiliated Lender shall be permitted, at its option, to contribute any Term Loans so assigned to such Affiliated
Lender pursuant to this Section 9.04 to Holdings or any of its Subsidiaries for purposes of cancellation, which contribution
may be made (including, with the Borrower’s consent, to the Borrower, whether through Holdings or any Intermediate Parent
or otherwise), in exchange for Qualified Equity Interests of Holdings, any Intermediate Parent or the Borrower or Indebtedness
of the Borrower to the extent such Indebtedness is permitted to be incurred pursuant to Section 6.01 at such time.

 

SECTION 9.05        
Survival.

 

All covenants,
agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other
instruments delivered in connection with or pursuant to any Loan Document shall be considered to have been relied upon by the
other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and
issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and
notwithstanding that the Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default
or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and
effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this
Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or
terminated. The provisions of Sections 2.15, 2.16, 2.17 and 9.03 and Article VIII
shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the
repayment of the Loans and all other amounts payable hereunder, the expiration or termination of the Letters of Credit and
the Commitments or the termination of this Agreement or any provision hereof or the resignation or removal of any Agent.
Notwithstanding the foregoing or anything else to the contrary set forth in this Agreement, in the event that, in connection
with the refinancing or repayment in full of the Credit Facilities, an Issuing Bank shall have provided to the Administrative
Agent a written consent to the release of the Revolving Lenders from their obligations hereunder with respect to any Letter
of Credit issued by such Issuing Bank (whether as a result of the obligations of the Borrower (and any other account party)
in respect of such Letter of Credit having been collateralized in full by a deposit of cash with such Issuing Bank or being
supported by a letter of credit that names such Issuing Bank as the beneficiary thereunder, or otherwise), then from and
after such time such Letter of Credit shall cease to be a “Letter of Credit” outstanding hereunder for all
purposes of this Agreement and the other Loan Documents, and the Revolving Lenders shall be deemed to have no participations
in such Letter of Credit, and no obligations with respect thereto, under Section 2.05(e) or (f).

 

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SECTION 9.06         Counterparts;
Integration; Effectiveness.

 

This Agreement may be executed in counterparts
(and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. This Agreement, the other Loan Documents and any separate letter agreements
with respect to fees payable to the Administrative Agent or the syndication of the Loans and Commitments 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. Delivery of an executed counterpart
of a signature page of this Agreement by facsimile or other electronic means shall be effective as delivery of a manually executed
counterpart of this Agreement.  The words “execution,” “signed,” “signature,” and words
of like import in this Agreement and each other Loan Document or in any amendment or other modification hereof or thereof (including
waivers and consents) shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which
shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping
system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws
based on the Uniform Electronic Transactions Act.

 

SECTION 9.07         Severability.

 

Any provision of this
Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining
provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision
in any other jurisdiction. Without limiting the foregoing provisions of this Section 9.07, 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 or the Issuing Bank, as applicable, then such provisions shall be deemed to be in effect
only to the extent not so limited.

 

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SECTION 9.08         Right of Setoff.

 

If an Event of Default
under Sections 7.01(a), (b), (h) or (i) shall have occurred and be continuing, each Lender and each
Issuing Bank is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply
any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other
obligations (in whatever currency) at any time owing by such Lender or such Issuing Bank to or for the credit or the account of
the Borrower against any of and all the obligations of the Borrower then due and owing under this Agreement held by such Lender
or Issuing Bank, irrespective of whether or not such Lender or Issuing Bank shall have made any demand under this Agreement and
although such obligations are owed to a branch or office of such Lender or Issuing Bank different from the branch or office 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 2.22 and, pending such payment, shall be segregated by such Defaulting Lender
from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders and (y) the Defaulting
Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Secured Obligations owing
to such Defaulting Lender as to which it exercised such right of setoff. The applicable Lender and applicable Issuing Bank shall
notify the Borrower and the Administrative Agent of such setoff and application; provided that any failure to give or any
delay in giving such notice shall not affect the validity of any such setoff and application under this Section. The rights of
each Lender and each Issuing Bank under this Section are in addition to other rights and remedies (including other rights of setoff)
that such Lender or such Issuing Bank may have. Notwithstanding the foregoing, no amount set off from any Loan Party (other than
the Borrower) shall be applied to any Excluded Swap Obligation of such Loan Party (other than the Borrower).

 

SECTION 9.09         Governing
Law; Jurisdiction; Consent to Service of Process.

 

(a)           This
Agreement shall be construed in accordance with and governed by the laws of the State of New York, except that (x) the interpretation
of the definition of “Material Adverse Effect” (and whether or not a Material Adverse Effect has occurred) for the
purpose of Section 4.01(g), (y) the determination of the accuracy of any Specified Acquisition Agreement Representation
and whether as a result of any inaccuracy thereof the Borrower or any of its Affiliates have the right to terminate its or their
obligations under the Acquisition Agreement and (z) the determination of whether the Acquisition has been consummated in accordance
with the terms of the Acquisition Agreement shall in each case be determined pursuant to the Acquisition Agreement, which is governed
by, and construed in accordance with, the laws of the State of Delaware, regardless of the laws that might otherwise govern under
applicable principles of conflicts of laws thereof.

 

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

 

(c)           Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do
so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or
relating to any Loan Document in any court referred to in paragraph (b) of this Section 9.09. Each of the parties
hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance
of such action or proceeding in any such court.

 

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

 

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SECTION 9.10         WAIVER OF JURY TRIAL.

 

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

 

SECTION 9.11         Headings.

 

Article and Section headings
and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect
the construction of, or be taken into consideration in interpreting, this Agreement.

 

SECTION 9.12         Confidentiality.

 

(a)           Each
of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the confidentiality of the Information (as defined
below), except that Information may be disclosed (i) to its and its Affiliates’ directors, officers, employees, trustees
and agents, including accountants, legal counsel and other agents and advisors, in each case, who need to know such Information
in connection with the Transactions (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 and any failure of such Persons
acting on behalf of the Administrative Agent, any Issuing Bank or the relevant Lender to comply with this Section 9.12
shall constitute a breach of this Section 9.12 by the Administrative Agent, such Issuing Bank or the relevant Lender, as
applicable), (ii) to the extent requested by any governmental authority or self-regulatory authority having jurisdiction over
the Administrative Agent, any Issuing Bank, any Lender or any Affiliates of any of the foregoing, as applicable, or, based on
reasonable advice of counsel, to the extent required by (A) an order of any court or administrative agency or in any pending legal,
judicial or administrative proceeding, (B) applicable law or by any subpoena or similar compulsory legal process or (C) in connection
with the exercise of remedies or enforcement of rights hereunder in any suit, action or proceeding relating to this Agreement;
provided that (x) solely to the extent permitted by law and other than in connection with routine audits and reviews by
bank accountants or governmental or self-regulatory authorities exercising examination or regulatory authority, each Lender and
the Administrative Agent shall notify the Borrower as promptly as practicable of any such requested or required disclosure and
(y) in the case of clause (ii) only, each Lender and the Administrative Agent shall use commercially reasonable efforts
to ensure that such Information is kept confidential in connection with the exercise of such remedies, and provided further
that in no event shall any Lender or the Administrative Agent be obligated or required to return any materials furnished by
the Borrower or any Subsidiary of Holdings, (iii) to any other party to this Agreement, (iv) subject to an agreement
containing confidentiality undertakings substantially similar to those of this Section 9.12, to (A) any assignee of or
Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (B) any
direct or indirect contractual counterparty to any Swap Agreement or derivative transaction relating to any Loan Party or its
Subsidiaries and its obligations under the Loan Documents or (C) any pledgee referred to in Section 9.04(d), (v) if required
by any rating agency in connection with obtaining a rating; provided that prior to any such disclosure, such rating agency
shall have agreed in writing to maintain the confidentiality of such Information, (vi) to service providers (including any numbering,
administration or settlement service providers) providing administrative and ministerial services solely in connection with the
syndication and administration of the Loan Documents and the Credit Facilities (e.g., identities of parties, maturity dates, interest
rates, etc.) on a confidential basis, (vii) to the extent such Information (x) becomes publicly available other than as a result
of a breach of this Section 9.12 or otherwise by reason of improper disclosure by the Administrative Agent, any Issuing
Bank, any Lender or any Affiliates or Related Parties of any of the foregoing (including the Persons referred to in clauses (i)
above) in violation of any confidentiality obligations owing to the Loan Parties, the Sponsors or any Subsidiaries, Affiliates
or Related Parties of any of the foregoing or (y) becomes available to the Administrative Agent, any Issuing Bank, any Lender
or any of their respective Affiliates on a non-confidential basis from a source other than Holdings, the Borrower or any Subsidiary,
which source is not known by the recipient of such information to be subject to a confidentiality obligation, or (viii) to the
extent that such information was already in the possession of the Administrative Agent, any Issuing Bank or any Lender prior to
any duty or other undertaking of confidentiality or is independently developed by the Administrative Agent, any Issuing Bank or
any Lender without the use of such information and without otherwise violating the terms of this Section 9.12. For the
purposes hereof, “Information” means all information received from or on behalf of Holdings, the Borrower or
any of their Subsidiaries relating to Holdings, the Borrower, any of their Subsidiaries or their business. Any Person required
to maintain the confidentiality of Information as provided in this Section 9.12 shall be considered to have complied with its
obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as
such Person would accord to its own confidential information. Notwithstanding the foregoing, other than as set forth in the proviso
below, (x) no such information shall be disclosed to a Disqualified Lender or Excluded Party that constitutes a Disqualified Lender
or Excluded Party, as applicable, at the time of such disclosure without the Borrower’s prior written consent and (y) in
connection with any proposed assignment of Loans and/or Commitments in accordance with Section 9.04, upon request by the applicable
potential assignee therefor, the applicable potential assigning Lender may disclose the list of Disqualified Lenders to such potential
assignee solely for purposes of enabling such assignee to make a representation in its applicable Assignment and Assumption that
such prospective assignee is an Eligible Assignee, provided, however, that, subject to an agreement containing confidentiality
undertakings substantially similar to those of this Section 9.12, the list of Disqualified Lenders may be disclosed to
any bona fide potential assignee or Participant, so that such potential assignee or Participant can represent and warrant that
it is neither a Disqualified Lender nor an Affiliate of a Disqualified Lender.

 

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(b)          EACH
LENDER ACKNOWLEDGES THAT INFORMATION (AS DEFINED IN THIS SECTION 9.12) FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE
MATERIAL NON-PUBLIC INFORMATION CONCERNING HOLDINGS, THE BORROWER, THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE
SECURITIES AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT
IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL
AND STATE SECURITIES LAWS.

 

(c)           ALL
INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS FURNISHED BY THE BORROWER OR THE ADMINISTRATIVE AGENT PURSUANT TO,
OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT, WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC
INFORMATION ABOUT HOLDINGS, THE BORROWER, THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY,
EACH LENDER REPRESENTS TO THE BORROWER AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE
A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE
PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.

 

SECTION 9.13         USA
PATRIOT Act.

 

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 Borrower that
pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies each
Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender
or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the USA PATRIOT Act.

 

SECTION 9.14         Release
of Liens and Guarantees.

 

(a)           A
Subsidiary Loan Party shall automatically be released from its obligations under the Loan Documents, and all security
interests created by the Security Documents in Collateral owned by such Subsidiary Loan Party shall be automatically
released, (1) upon the consummation of any transaction or designation permitted by this Agreement as a result of which such
Subsidiary Loan Party ceases to be a Restricted Subsidiary (including pursuant to a permitted merger with a Subsidiary that
is not a Loan Party or a designation as an Unrestricted Subsidiary) or becomes an Excluded Subsidiary (other than solely as a
result of such Subsidiary Loan Party ceasing to be a Wholly Owned Subsidiary) or (2) upon the request of the Borrower, in
connection with a transaction permitted under this Agreement (but only a transaction in which such Subsidiary Loan Party
becomes a bona fide joint venture and the other Person taking an equity interest in such Subsidiary Loan Party is not an
Affiliate of the Borrower (other than as a result of such joint venture)) as a result of which such Subsidiary Loan Party
ceases to be a Wholly Owned Subsidiary. Upon any sale or other transfer by any Loan Party (other than to Holdings, the
Borrower or any Subsidiary Loan Party) of any Collateral in a transaction permitted under this Agreement, or upon the
effectiveness of any written consent to the release of the security interest created under any Security Document in any
Collateral, the security interests in such Collateral created by the Security Documents shall be automatically released. Upon
the release of Holdings or any Subsidiary Loan Party from its Guarantee in compliance with this Agreement, the security
interest in any Collateral owned by Holdings or such Subsidiary created by the Security Documents shall be automatically
released. Upon the designation of a Restricted Subsidiary as an Unrestricted Subsidiary in compliance with this Agreement,
the security interest created by the Security Documents in the Equity Interests of such Subsidiary shall automatically be
released. Upon termination of the aggregate Commitments and payment in full of all Secured Obligations (other than contingent
indemnification obligations) and the expiration or termination of all Letters of Credit (including as a result of obtaining
the consent of the applicable Issuing Bank as described in Section 9.05 of this Agreement), all obligations under the
Loan Documents and all security interests created by the Security Documents shall be automatically released. In connection
with any termination or release pursuant to this Section 9.14, the Administrative Agent or the Collateral Agent, as
the case may be, shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such
Loan Party shall reasonably request to evidence such termination or release so long as the Borrower or applicable Loan Party
shall have provided the Administrative Agent or the Collateral Agent, as the case may be, such certifications or documents as
the Administrative Agent or the Collateral Agent, as the case may be, shall reasonably request in order to demonstrate
compliance with this Agreement.

 

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(b)           The Administrative Agent or the Collateral Agent, as the case may be, will, at the Borrower’s expense, execute and
deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to subordinate its Lien on any property
granted to or held by the Administrative Agent or the Collateral Agent, as the case may be, under any Loan Document to the holder
of any Lien on such property that is permitted by Section 6.02(iv).

 

(c)           Each of the Lenders and the Issuing Bank and, by accepting the benefits of the Security Documents, each Secured Party that
is not a party hereto, irrevocably authorizes the Administrative Agent or the Collateral Agent, as the case may be, to provide
any release or evidence of release, termination or subordination contemplated by this Section 9.14. Upon request by the
Administrative Agent or the Collateral Agent, as the case may be, at any time, the Required Lenders will confirm in writing the
Administrative Agent’s authority or the Collateral Agent’s authority, as the case may be, to release or subordinate
its interest in particular types or items of property, or to release any Loan Party from its obligations under any Loan Document,
in each case in accordance with the terms of the Loan Documents and this Section 9.14.

 

SECTION 9.15         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 of the Borrower and Holdings acknowledges and agrees that (i) (A) the arranging and other
services regarding this Agreement provided by the Administrative Agent, the Lead Arrangers, the Bookrunners, the Issuing Banks
and the Lenders are arm’s-length commercial transactions between the Borrower, Holdings and their respective Affiliates,
on the one hand, and the Administrative Agent, the Lead Arrangers, the Bookrunners, the Issuing Banks and the Lenders on the other
hand, (B) each of the Borrower and Holdings has consulted its own legal, accounting, regulatory and tax advisors to the extent
it has deemed appropriate, and (C) each of the Borrower and Holdings 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) each of the Administrative
Agent, the Lead Arrangers, the Bookrunners, the Issuing Banks and the Lenders 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 the Borrower, Holdings, any of their respective Affiliates or any other Person and (B) none of the Administrative
Agent, the Lead Arrangers, the Bookrunners, the Issuing Banks and the Lenders has any obligation to the Borrower, Holdings 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 Lead Arrangers, the Bookrunners, the Issuing Banks
and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ
from those of the Borrower, Holdings and their respective Affiliates, and none of the Administrative Agent, the Lead Arrangers,
the Bookrunners, the Issuing Banks and the Lenders has any obligation to disclose any of such interests to the Borrower, Holdings
or any of their respective Affiliates. To the fullest extent permitted by law, each of the Borrower and Holdings hereby waives
and releases any claims that it may have against the Administrative Agent, the Lead Arrangers, the Bookrunners, the Issuing Banks
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.

 

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SECTION 9.16         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 Borrower. 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.

 

SECTION 9.17         Intercreditor
Agreement. Each of the Lenders and the Issuing Bank and, by accepting the benefits of the Security Documents, each Secured
Party that is not a party hereto, hereby agrees that the Administrative Agent and/or Collateral Agent may enter into any intercreditor
agreement and/or subordination agreement pursuant to, or contemplated by, the terms of this Agreement (including with respect
to Indebtedness permitted pursuant to Section 6.01 and defined terms referenced therein) on its behalf and agrees to be
bound by the terms thereof and, in each case, consents and agrees to the appointment of the Administrative Agent (or its affiliated
designee, representative or agent) on its behalf as collateral agent, respectively, thereunder.

 

SECTION 9.18        
Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due
hereunder or under any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which
in accordance with the 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 the Borrowers in respect of any such sum
due from them to the Administrative Agent or the Lenders 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 the relevant Lender of any sum adjudged to be so due
in the Judgment Currency, the Administrative Agent or the relevant Lender may in accordance with the 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 such Lender from the Borrowers in the Agreement Currency, each Borrower agrees,
as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent, or the Person to whom such
obligation was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally
due to the Administrative Agent or such Lender in such currency, the Administrative Agent or such Lender agrees to return the amount
of any excess to the Borrower (or to any other Person who may be entitled thereto under applicable law).

 

SECTION 9.19          Acknowledgement 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 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:

 

    -186-

     

    

 

		1.	the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to
any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution;
and

 

		2.	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.

 

SECTION 9.20        Acknowledgement
Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for
Swap Agreements or any other agreement or instrument that is a QFC (such support “QFC Credit Support” and each
such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power
of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution
Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding
that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or
of the United States or any other state of the United States):

 

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.

 

[Remainder
of Page Intentionally Left Blank]

 

    -187-

     

    

 

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

 

	 	E2OPEN,
    LLC, as borrower
	 	 
	 	By:	 /s/ Laura Fese
	 	 	Name:	 Laura Fese
	 	 	Title: 	Vice-President & Secretary
	 	 
	 	E2OPEN INTERMEDIATE,
    LLC, as holdings
	 	 
	 	By: 	/s/ Laura Fese
	 	 	Name:	 Laura Fese
	 	 	Title: 	Vice-President & Secretary

 

Signature Page to Credit Agreement

 

     

     

    

 

	 	GOLDMAN SACHS BANK USA,
	 	as Administrative Agent and
    Collateral Agent
	 	 
	 	By: 	/s/ Charlie Johnston
	 	 	Name: 	Charlie Johnston
	 	 	Title: 	Authorized Signatory
	 	 
	 	GOLDMAN SACHS BANK USA,
	 	as a Lender and an Issuing
    Bank
	 	 
	 	By: 	/s/ Charlie Johnston
	 	 	Name: 	Charlie Johnston
	 	 	Title: 	Authorized Signatory

 

Signature Page to Credit Agreement

 

     

     

    

 

	 	CREDIT SUISSE AG, CAYMAN ISLANDS
    BRANCH,
	 	as a Lender and an Issuing Bank
	 	 
	 	By:	 /s/ Judith E. Smith
	 	 	Name:	 Judith E. Smith
	 	 	Title: 	Authorized Signatory
	 	 
	 	By: 	/s/ Jessica Gavarkovs
	 	 	Name:	 Jessica Gavarkovs
	 	 	Title: 	Authorized Signatory

 

Signature Page to Credit Agreement

 

     

     

    

 

	 	GOLUB CAPITAL LLC,
	 	as an Issuing Bank
	 	 
	 	By: 	/s/ Robert
    G. Tuchscherer
	 	 	Name:  Robert G. Tuchscherer
	 	 	Title:  Authorized Signatory
	 	 
	 	GC Finance Operations LLC,
	 	as a Lender
	 	By: GC Advisors LLC, its Manager
	 	 
	 	By: 	/s/ Robert
    G. Tuchscherer
	 	 	Name:  Robert G. Tuchscherer
	 	 	Title: Authorized Signatory
	 	 
	 	GC Advisors LLC as Agent for US MML
	 	Portfolio III, a series of Global Investment
    Fund
	 	I, as a Lender
	 	 
	 	By: 	/s/ Robert
    G. Tuchscherer
	 	 	Name:  Robert G. Tuchscherer
	 	 	Title:  Authorized Signatory

 

Signature Page to Credit Agreement

 

     

     

    

 

	 	DEUTSCHE BANK AG NEW YORK BRANCH,
	 	as a Lender and an Issuing Bank
	 	 
	 	By: 	/s/ Michael Strobel
	 	 	Name: 	Michael Strobel
	 	 	Title: 	Vice President
	 	 
	 	By: 	/s/ Yumi Okabe
	 	 	Name: 	Yumi Okabe
	 	 	Title: 	Vice President

 

Signature Page to Credit Agreement

 

     

     

    

 

	 	JEFFERIES FINANCE LLC,
	 	as a Lender and an Issuing
    Bank
	 	 
	 	By: 	/s/ Brian Buoye
	 	 	Name: 	Brian Buoye
	 	 	Title: 	Managing Director

 

Signature Page to Credit Agreement

 

     

     

    

 

	 	BLACKSTONE HOLDINGS FINANCE
    CO. L.L.C.,
	 	as a Lender and an Issuing
    Bank
	 	 
	 	By: 	/s/ Christopher Striano
	 	 	Name: 	Christopher Striano
	 	 	Title: 	Senior Managing Director

 

Signature Page to Credit AgreementExhibit 10.8

 

E2open
Parent Holdings, Inc.

2021 Omnibus
Incentive Plan

 

1.                 
Purpose.

 

The purpose of the Plan
is to assist the Company in attracting, retaining, motivating, and rewarding certain employees, officers, directors, and consultants
of the Company and its Affiliates and promoting the creation of long-term value for stockholders of the Company by closely aligning
the interests of such individuals with those of such stockholders. The Plan authorizes the award of Stock-based and cash-based
incentives to Eligible Persons to encourage such Eligible Persons to expend maximum effort in the creation of stockholder value.

 

2.                 
Definitions.

 

For purposes of the Plan,
the following terms shall be defined as set forth below:

 

(a)              
“Affiliate” means, with respect to a Person, any other Person that, directly or indirectly through one
or more intermediaries, controls, is controlled by, or is under common control with, such Person.

 

(b)              
“Award” means any Option, award of Restricted Stock, Restricted Stock Unit, Stock Appreciation Right,
or other Stock-based award granted under the Plan.

 

(c)               
“Award Agreement” means an Option Agreement, a Restricted Stock Agreement, an RSU Agreement, a SAR Agreement,
or an agreement governing the grant of any other Stock-based Award granted under the Plan.

 

(d)               
“Board” means the Board of Directors of the Company.

 

(e)              
“Cause” means, with respect to a Participant and in the absence of an Award Agreement or Participant
Agreement otherwise defining Cause, (1) the Participant’s plea of nolo contendere to, conviction of or indictment
for, any crime (whether or not involving the Company or its Affiliates) (i) constituting a felony or (ii) that has, or
could reasonably be expected to result in, an adverse impact on the performance of the Participant’s duties to the Service
Recipient, or otherwise has, or could reasonably be expected to result in, an adverse impact on the business or reputation of the
Company or its Affiliates, (2) conduct of the Participant, in connection with his or her employment or service, that has resulted,
or could reasonably be expected to result, in injury to the business or reputation of the Company or its Affiliates, (3) any
material violation of the policies of the Service Recipient, including, but not limited to, those relating to sexual harassment,
ethics, discrimination, or the disclosure or misuse of confidential information, or those set forth in the manuals, Code of Conduct
and Ethics or statements of policy of the Service Recipient; (4) the Participant’s act(s) of negligence or willful misconduct
in the course of his or her employment or service with the Service Recipient; (5) misappropriation by the Participant of any
assets or business opportunities of the Company or its Affiliates; (6) embezzlement or fraud committed by the Participant,
at the Participant’s direction, or with the Participant’s prior actual knowledge; or (7) willful neglect in the
performance of the Participant’s duties for the Service Recipient or willful or repeated failure or refusal to perform such
duties. If, subsequent to the Termination of a Participant for any reason other than by the Service Recipient for Cause, it is
discovered that the Participant’s employment or service could have been terminated for Cause, such Participant’s employment
or service shall, at the discretion of the Committee, be deemed to have been terminated by the Service Recipient for Cause for
all purposes under the Plan, and the Participant shall be required to repay or return to the Company all amounts and benefits received
by him or her in respect of any Award following such Termination that would have been forfeited under the Plan had such Termination
been by the Service Recipient for Cause. In the event that there is an Award Agreement or Participant Agreement defining Cause,
 “Cause” shall have the meaning provided in such agreement, and a Termination by the Service Recipient for Cause
hereunder shall not be deemed to have occurred unless all applicable notice and cure periods in such Award Agreement or Participant
Agreement are complied with.

 

     

     

    

 

(f)                
“Change in Control” means:

 

(1)                       
a change in ownership or control of the Company effected through a transaction or series of transactions (other than an offering
of Stock to the general public through a registration statement filed with the U.S. Securities and Exchange Commission or
similar non-U.S. regulatory agency or pursuant to a Non-Control Transaction) whereby any “person” (as defined in Section 3(a)(9)
of the Exchange Act) or any two or more persons deemed to be one “person” (as used in Sections 13(d)(3) and 14(d)(2)
of the Exchange Act), other than the Company or any of its Affiliates, an employee benefit plan sponsored or maintained by the
Company or any of its Affiliates (or its related trust), or any underwriter temporarily holding securities pursuant to an offering
of such securities, directly or indirectly acquire “beneficial ownership” (within the meaning of Rule 13d-3 under
the Exchange Act) of securities of the Company possessing more than fifty percent (50%) of the total combined voting power of
the Company’s securities eligible to vote in the election of the Board (the “Company Voting Securities”);

 

(2)                       
the date, within any consecutive twenty-four (24)-month period commencing on or after the Effective Date, upon which individuals
who constitute the Board as of the Effective Date (the “Incumbent Board”) cease for any reason to constitute
at least a majority of the Board; provided, however, that any individual who becomes a director subsequent to the Effective
Date whose nomination for election by the Company’s stockholders or appointment was approved by a vote of at least a majority
of the directors then constituting the Incumbent Board (either by a specific vote or by approval of the proxy statement of the
Company in which such individual is named as a nominee for director, without objection to such nomination) shall be considered
as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial
assumption of office occurs as a result of an actual or threatened election contest (including, but not limited to, a consent
solicitation) with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents
by or on behalf of a person other than the Board; or

 

    - 2 -

     

    

 

(3)                       
the consummation of a merger, consolidation, share exchange, or similar form of corporate transaction involving the Company or
any of its Affiliates that requires the approval of the Company’s stockholders (whether for such transaction, the issuance
of securities in the transaction or otherwise) (a “Reorganization”), unless immediately following such
Reorganization (i) more than fifty percent (50%) of the total voting power of (A) the corporation resulting from such
Reorganization (the “Surviving Company”) or (B) if applicable, the ultimate parent corporation that
has, directly or indirectly, beneficial ownership of one hundred percent (100%) of the voting securities of the Surviving Company
(the “Parent Company”), is represented by Company Voting Securities that were outstanding immediately
prior to such Reorganization (or, if applicable, is represented by shares into which such Company Voting Securities were converted
pursuant to such Reorganization), and such voting power among the holders thereof is in substantially the same proportion as the
voting power of such Company Voting Securities among holders thereof immediately prior to such Reorganization, (ii) no person,
other than an employee benefit plan sponsored or maintained by the Surviving Company or the Parent Company (or its related trust),
is or becomes the beneficial owner, directly or indirectly, of fifty percent (50%) or more of the total voting power of the outstanding
voting securities eligible to elect directors of the Parent Company, or if there is no Parent Company, the Surviving Company,
and (iii) at least a majority of the members of the board of directors of the Parent Company, or if there is no Parent Company,
the Surviving Company, following the consummation of such Reorganization are members of the Incumbent Board at the time of the
Board’s approval of the execution of the initial agreement providing for such Reorganization (any Reorganization which satisfies
all of the criteria specified in clauses (i), (ii), and (iii) above shall be a “Non-Control Transaction”);
or

 

(4)                       
the sale or disposition, in one or a series of related transactions, of all or substantially all of the assets of the Company
to any “person” (as defined in Section 3(a)(9) of the Exchange Act) or to any two or more persons deemed to be
one “person” (as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) other than the Company’s Affiliates.

 

Notwithstanding the foregoing,
(x) a Change in Control shall not be deemed to occur solely because any person acquires beneficial ownership of fifty percent
(50%) or more of the Company Voting Securities as a result of an acquisition of Company Voting Securities by the Company that reduces
the number of Company Voting Securities outstanding; provided that if after such acquisition by the Company such person
becomes the beneficial owner of additional Company Voting Securities that increases the percentage of outstanding Company Voting
Securities beneficially owned by such person, a Change in Control shall then be deemed to occur, and (y) with respect to the
payment of any amount that constitutes a deferral of compensation subject to Section 409A of the Code payable upon a Change
in Control, a Change in Control shall not be deemed to have occurred, unless the Change in Control constitutes a change in the
ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the Company under Section 409A(a)(2)(A)(v)
of the Code.

 

    - 3 -

     

    

 

(g)              
“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time, including the
rules and regulations thereunder and any successor provisions, rules and regulations thereto.

 

(h)              
“Committee” means the Board, the Compensation Committee of the Board or such other committee consisting
of two or more individuals appointed by the Board to administer the Plan and each other individual or committee of individuals
designated to exercise authority under the Plan.

 

(i)                
“Company” means E2open Parent Holdings, Inc., a Delaware corporation, and its successors by operation
of law.

 

(j)                
“Corporate Event” has the meaning set forth in Section ‎10(b)
hereof.

 

(k)               
“Data” has the meaning set forth in Section ‎20(g) hereof.

 

(l)                
“Disability” means, in the absence of an Award Agreement or Participant Agreement otherwise defining
Disability, the permanent and total disability of such Participant within the meaning of Section 22(e)(3) of the Code. In
the event that there is an Award Agreement or Participant Agreement defining Disability, “Disability” shall
have the meaning provided in such Award Agreement or Participant Agreement.

 

(m)              
“Disqualifying Disposition” means any disposition (including any sale) of Stock acquired upon the exercise
of an Incentive Stock Option made within the period that ends either (1) two years after the date on which the Participant was
granted the Incentive Stock Option or (2) one year after the date upon which the Participant acquired the Stock.

 

(n)               
“Effective Date” means February 4, 2021, which is the date on which the Plan was approved by the
Board.

 

(o)              
“Eligible Person” means (1) each employee and officer of the Company or any of its Affiliates, (2) each
non-employee director of the Company or any of its Affiliates, (3) each other natural Person who provides substantial services
to the Company or any of its Affiliates as a consultant or advisor (or a wholly owned alter ego entity of the natural Person providing
such services of which such Person is an employee, stockholder or partner) and who is designated as eligible by the Committee,
and (4) each natural Person who has been offered employment by the Company or any of its Affiliates; provided that
such prospective employee may not receive any payment or exercise any right relating to an Award until such Person has commenced
employment or service with the Company or its Affiliates; provided further, however, that (i) with respect to any Award
that is intended to qualify as a “stock right” that does not provide for a “deferral of compensation” within
the meaning of Section 409A of the Code, the term “Affiliate” as used in this Section ‎2(o)
shall include only those corporations or other entities in the unbroken chain of corporations or other entities beginning with
the Company where each of the corporations or other entities in the unbroken chain other than the last corporation or other entity
owns stock possessing at least fifty percent (50%) or more of the total combined voting power of all classes of stock in one of
the other corporations or other entities in the chain, and (ii) with respect to any Award that is intended to be an Incentive Stock
Option, the term “Affiliate” as used in this Section ‎2(o) shall include
only those entities that qualify as a “subsidiary corporation” with respect to the Company within the meaning of Section 424(f)
of the Code. An employee on an approved leave of absence may be considered as still in the employ of the Company or any of its
Affiliates for purposes of eligibility for participation in the Plan.

 

    - 4 -

     

    

 

(p)                “Exchange
Act” means the U.S. Securities Exchange Act of 1934, as amended from time to time, including the rules and regulations
thereunder and any successor provisions, rules and regulations thereto.

 

(q)              
“Expiration Date” means, with respect to an Option or Stock Appreciation Right, the date on which the
term of such Option or Stock Appreciation Right expires, as determined under Sections ‎5(b)
or ‎8(b) hereof, as applicable.

 

(r)               
“Fair Market Value” means, as of any date when the Stock is listed on one or more national securities
exchange(s), the closing price reported on the principal national securities exchange on which such Stock is listed and traded
on the date of determination or, if the closing price is not reported on such date of determination, the closing price reported
on the most recent date prior to the date of determination. If the Stock is not listed on a national securities exchange, “Fair
Market Value” shall mean the amount determined by the Board in good faith, and in a manner consistent with Section 409A
of the Code, to be the fair market value per share of Stock.

 

(s)               
“GAAP” means the U.S. Generally Accepted Accounting Principles, as in effect from time to time.

 

(t)                
“Incentive Stock Option” means an Option intended to qualify as an “incentive stock option”
within the meaning of Section 422 of the Code.

 

(u)               
“Nonqualified Stock Option” means an Option not intended to be an Incentive Stock Option.

 

(v)               
“Option” means a conditional right, granted to a Participant under Section ‎5
hereof, to purchase Stock at a specified price during a specified time period.

 

(w)              
“Option Agreement” means a written agreement between the Company and a Participant evidencing the terms
and conditions of an individual Option Award.

 

(x)               
“Participant” means an Eligible Person who has been granted an Award under the Plan or, if applicable,
such other Person who holds an Award.

 

(y)              
“Participant Agreement” means an employment or other services agreement between a Participant and the
Service Recipient that describes the terms and conditions of such Participant’s employment or service with the Service Recipient
and is effective as of the date of determination.

 

(z)                “Person”
means any individual, corporation, partnership, firm, joint venture, association, joint-stock company, trust, unincorporated organization,
or other entity.

 

    - 5 -

     

    

 

(aa)             
“Plan” means this E2open Parent Holdings, Inc. 2021 Omnibus Incentive Plan, as amended from time to time.

 

(bb)            
“Qualified Member” means a member of the Committee who is a “Non-Employee Director” within
the meaning of Rule 16b-3 under the Exchange Act and an “independent director” as defined under, as applicable,
the NASDAQ Listing Rules, the NYSE Listed Company Manual or other applicable stock exchange rules.

  

(cc)             
“Qualifying Committee” has the meaning set forth in Section ‎3(b)
hereof.

 

(dd)            
“Restricted Stock” means Stock granted to a Participant under Section ‎6
hereof that is subject to certain restrictions and to a risk of forfeiture.

 

(ee)              “Restricted
Stock Agreement” means a written agreement between the Company and a Participant evidencing the terms and conditions
of an individual Restricted Stock Award.

 

(ff)              
“Restricted Stock Unit” means a notional unit representing the right to receive one share of Stock (or
the cash value of one share of Stock, if so determined by the Committee) on a specified settlement date.

 

(gg)            
“RSU Agreement” means a written agreement between the Company and a Participant evidencing the terms
and conditions of an individual Award of Restricted Stock Units.

 

(hh)            
“SAR Agreement” means a written agreement between the Company and a Participant evidencing the terms
and conditions of an individual Award of Stock Appreciation Rights.

 

(ii)                “Securities
Act” means the U.S. Securities Act of 1933, as amended from time to time, including the rules and regulations thereunder
and any successor provisions, rules and regulations thereto.

 

(jj)               
“Service Recipient” means, with respect to a Participant holding an Award, either the Company or an Affiliate
of the Company by which the original recipient of such Award is, or following a Termination was most recently, principally employed
or to which such original recipient provides, or following a Termination was most recently providing, services, as applicable.

 

(kk)             
“Stock” means the Class A common stock, par value $0.0001 per share, of the Company, and such other securities
as may be substituted for such stock pursuant to Section ‎10 hereof.

 

(ll)               
“Stock Appreciation Right” means a conditional right, granted to a Participant under Section 8 hereof,
to receive an amount equal to the value of the appreciation in the Stock over a specified period. Except in the event of extraordinary
circumstances, as determined in the sole discretion of the Committee, or pursuant to Section ‎10(b)
hereof, Stock Appreciation Rights shall be settled in Stock.

 

    - 6 -

     

    

 

(mm)        
“Substitute Award” has the meaning set forth in Section ‎4(a)
hereof.

 

(nn)          
“Termination” means the termination of a Participant’s employment or service, as applicable, with
the Service Recipient; provided, however, that, if so determined by the Committee at the time of any change in status in
relation to the Service Recipient (e.g., a Participant ceases to be an employee and begins providing services as a consultant,
or vice versa), such change in status will not be deemed a Termination hereunder. Unless otherwise determined by the Committee,
in the event that the Service Recipient ceases to be an Affiliate of the Company (by reason of sale, divestiture, spin-off, or
other similar transaction), unless a Participant’s employment or service is transferred to another entity that would constitute
the Service Recipient immediately following such transaction, such Participant shall be deemed to have suffered a Termination hereunder
as of the date of the consummation of such transaction. Notwithstanding anything herein to the contrary, a Participant’s
change in status in relation to the Service Recipient (for example, a change from employee to consultant) shall not be deemed a
Termination hereunder with respect to any Awards constituting “nonqualified deferred compensation” subject to Section 409A
of the Code that are payable upon a Termination unless such change in status constitutes a “separation from service”
within the meaning of Section 409A of the Code. Any payments in respect of an Award constituting nonqualified deferred compensation
subject to Section 409A of the Code that are payable upon a Termination shall be delayed for such period as may be necessary
to meet the requirements of Section 409A(a)(2)(B)(i) of the Code. On the first business day following the expiration of such
period, the Participant shall be paid, in a single lump sum without interest, an amount equal to the aggregate amount of all payments
delayed pursuant to the preceding sentence, and any remaining payments not so delayed shall continue to be paid pursuant to the
payment schedule applicable to such Award.

 

3.              
Administration.

 

(a)            
Authority of the Committee. Except as otherwise provided below, the Plan shall be administered by the Committee.
The Committee shall have full and final authority, in each case subject to and consistent with the provisions of the Plan, to (1) select
Eligible Persons to become Participants, (2) grant Awards, (3) determine the type, number and type of shares of Stock
subject to, other terms and conditions of, and all other matters relating to, Awards, (4) prescribe Award Agreements (which
need not be identical for each Participant) and rules and regulations for the administration of the Plan, (5) construe and
interpret the Plan and Award Agreements and correct defects, supply omissions, and reconcile inconsistencies therein, (6) suspend
the right to exercise Awards during any period that the Committee deems appropriate to comply with applicable securities laws,
and thereafter extend the exercise period of an Award by an equivalent period of time or such shorter period required by, or necessary
to comply with, applicable law, and (7) make all other decisions and determinations as the Committee may deem necessary or
advisable for the administration of the Plan. Any action of the Committee shall be final, conclusive, and binding on all Persons,
including, without limitation, the Company, its stockholders and Affiliates, Eligible Persons, Participants, and beneficiaries
of Participants. Notwithstanding anything in the Plan to the contrary, the Committee shall have the ability to accelerate the vesting
of any outstanding Award at any time and for any reason, including upon a Corporate Event, subject to Section ‎10(d),
or in the event of a Participant’s Termination by the Service Recipient other than for Cause, or due to the Participant’s
death, Disability or retirement (as such term may be defined in an applicable Award Agreement or Participant Agreement, or, if
no such definition exists, in accordance with the Company’s then-current employment policies and guidelines). For the avoidance
of doubt, the Board shall have the authority to take all actions under the Plan that the Committee is permitted to take.

 

    - 7 -

     

    

 

(b)            
Manner of Exercise of Committee Authority. At any time that a member of the Committee is not a Qualified Member,
any action of the Committee relating to an Award granted or to be granted to a Participant who is then subject to Section 16
of the Exchange Act in respect of the Company, must be taken by the remaining members of the Committee or a subcommittee, designated
by the Committee or the Board, composed solely of two or more Qualified Members (a “Qualifying Committee”).
Any action authorized by such a Qualifying Committee shall be deemed the action of the Committee for purposes of the Plan. The
express grant of any specific power to a Qualifying Committee, and the taking of any action by such a Qualifying Committee, shall
not be construed as limiting any power or authority of the Committee.

 

(c)             
Delegation. To the extent permitted by applicable law, the Committee may delegate to officers or employees of the
Company or any of its Affiliates, or committees thereof, the authority, subject to such terms as the Committee shall determine,
to perform such functions under the Plan, including, but not limited to, administrative functions, as the Committee may determine
appropriate. The Committee may appoint agents to assist it in administering the Plan. Any actions taken by an officer or employee
delegated authority pursuant to this Section ‎3(c) within the scope of such delegation
shall, for all purposes under the Plan, be deemed to be an action taken by the Committee. Notwithstanding the foregoing or any
other provision of the Plan to the contrary, any Award granted under the Plan to any Eligible Person who is not an employee of
the Company or any of its Affiliates (including any non-employee director of the Company or any Affiliate) or to any Eligible Person
who is subject to Section 16 of the Exchange Act must be expressly approved by the Committee or Qualifying Committee in accordance
with Section ‎3(b) above.

 

(d)            
Sections 409A and 457A. The Committee shall take into account compliance with Sections 409A and 457A of
the Code in connection with any grant of an Award under the Plan, to the extent applicable. While the Awards granted hereunder
are intended to be structured in a manner to avoid the imposition of any penalty taxes under Sections 409A and 457A of the
Code, in no event whatsoever shall the Company or any of its Affiliates be liable for any additional tax, interest, or penalties
that may be imposed on a Participant as a result of Section 409A or Section 457A of the Code or any damages for failing to
comply with Section 409A or Section 457A of the Code or any similar state or local laws (other than for withholding obligations
or other obligations applicable to employers, if any, under Section 409A or Section 457A of the Code).

 

4.               
Shares Available Under the Plan; Other Limitations.

 

(a)             
Number of Shares Available for Delivery. Subject to adjustment as provided in Section ‎10
hereof, the total number of shares of Stock reserved and available for delivery in connection with Awards under the Plan shall
equal 15,000,000. Unless the Committee acts, prior to the first day of a given fiscal year, to provide otherwise, the total number
of shares of Stock reserved and available for delivery in connection with Awards under the Plan will be increased on the first
day of the first nine (9) fiscal years following the Company’s fiscal year in which the Effective Date occurs, in an amount
equal to the lesser of (x) five percent (5%) of the outstanding shares of Stock on the last day of the immediately preceding fiscal
year and (y) such fewer number of shares of Stock as is determined by the Committee. Shares of Stock delivered under the Plan shall
consist of authorized and unissued shares or previously issued shares of Stock reacquired by the Company on the open market or
by private purchase. Notwithstanding the foregoing, (i) except as may be required by reason of Section 422 of the Code,
the number of shares of Stock available for issuance hereunder shall not be reduced by shares issued pursuant to Awards issued
or assumed in connection with a merger or acquisition as contemplated by, as applicable, NYSE Listed Company Manual Section 303A.08,
NASDAQ Listing Rule 5635(c) and IM-5635-1, AMEX Company Guide Section 711, or other applicable stock exchange rules,
and their respective successor rules and listing exchange promulgations (each such Award, a “Substitute Award”)
and (iii) shares of Stock shall not be deemed to have been issued pursuant to the Plan with respect to any portion of an Award
that is settled in cash.

 

    - 8 -

     

    

 

(b)              
Share Counting Rules. The Committee may adopt reasonable counting procedures to ensure appropriate counting, avoid
double-counting (as, for example, in the case of tandem awards or Substitute Awards) and make adjustments if the number of shares
of Stock actually delivered differs from the number of shares previously counted in connection with an Award. Other than with respect
to a Substitute Award, to the extent that an Award expires or is canceled, forfeited, settled in cash, or otherwise terminated
without delivery to the Participant of the full number of shares of Stock to which the Award related, the undelivered shares of
Stock will again be available for grant. Shares of Stock withheld or surrendered in payment of taxes relating to an Award shall
not be deemed to constitute shares delivered to the Participant and shall be deemed to again be available for delivery under the
Plan. Shares of Stock withheld or surrendered in payment of the exercise price relating to an Award shall be deemed to constitute
shares delivered to the Participant and shall not be deemed to again be available for delivery under the Plan.

 

(c)              
Incentive Stock Options. No more than 15,000,000 shares of Stock (subject to adjustment as provided in Section ‎10
hereof) reserved for issuance hereunder may be issued or transferred upon exercise or settlement of Incentive Stock Options.

 

(d)              
Shares Available Under Acquired Plans. To the extent permitted by NYSE Listed Company Manual Section 303A.08,
NASDAQ Listing Rule 5635(c) or other applicable stock exchange rules, subject to applicable law, in the event that a company
acquired by the Company or with which the Company combines has shares available under a pre-existing plan approved by stockholders
and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such
pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio of formula
used in such acquisition or combination to determine the consideration payable to the holders of common stock of the entities party
to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the number of shares of Stock reserved
and available for delivery in connection with Awards under the Plan; provided that Awards using such available shares shall
not be made after the date awards could have been made under the terms of such pre-existing plan, absent the acquisition or combination,
and shall only be made to individuals who were not employed by the Company or any subsidiary of the Company immediately prior to
such acquisition or combination.

 

    - 9 -

     

    

 

(e)              
Minimum Vesting. No Award may vest earlier than the first (1st) anniversary of the date of grant; provided,
however, that the foregoing minimum vesting period shall not apply (i) to a Substitute Award that does not reduce the vesting
period of the award being replaced or assumed, or (ii) to Awards involving an aggregate number of shares of Stock not in excess
of five percent (5%) of the aggregate number of shares of Stock that may be delivered in connection with Awards (as set forth in
Section 4 hereof).

 

(f)               
Limitation on Awards to Non-Employee Directors. Notwithstanding anything herein to the contrary, the maximum value
of any Awards granted to a non-employee director of the Company in any one calendar year, taken together with any cash fees paid
to such non-employee director during such calendar year in respect of the non-employee director’s services as a member of
the Board during such year, shall not exceed $750,000 (calculating the value of any such Awards based on the grant date fair value
of such Awards for financial reporting purposes); provided, that the Committee may make exceptions to this limit, provided
that the non-employee director receiving such additional compensation may not participate in the decision to award such compensation.

 

5.                 
Options.

 

(a)              
General. Certain Options granted under the Plan may be intended to be Incentive Stock Options; however, no Incentive
Stock Options may be granted hereunder following the tenth (10th) anniversary of the earlier of (i) the date the Plan is adopted
by the Board and (ii) the date the stockholders of the Company approve the Plan. Options may be granted to Eligible Persons in
such form and having such terms and conditions as the Committee shall deem appropriate; provided, however, that Incentive
Stock Options may be granted only to Eligible Persons who are employees of the Company or an Affiliate (as such definition is limited
pursuant to Section ‎2(o) hereof) of the Company. The provisions of separate Options
shall be set forth in separate Option Agreements, which agreements need not be identical. No dividends or dividend equivalents
shall be paid on Options.

 

(b)              
Term. The term of each Option shall be set by the Committee at the time of grant; provided, however, that
no Option granted hereunder shall be exercisable after, and each Option shall expire, ten (10) years from the date it was granted.

 

(c)              
Exercise Price. The exercise price per share of Stock for each Option shall be set by the Committee at the time of
grant and shall not be less than the Fair Market Value on the date of grant, subject to Section ‎5(g)
hereof in the case of any Incentive Stock Option. Notwithstanding the foregoing, in the case of an Option that is a Substitute
Award, the exercise price per share of Stock for such Option may be less than the Fair Market Value on the date of grant; provided,
that such exercise price is determined in a manner consistent with the provisions of Section 409A of the Code and, if applicable,
Section 424(a) of the Code.

 

    - 10 -

     

    

 

(d)              
Payment for Stock. Payment for shares of Stock acquired pursuant to an Option granted hereunder shall be made in
full upon exercise of the Option in a manner approved by the Committee, which may include any of the following payment methods:
(1) in immediately available funds in U.S. dollars, or by certified or bank cashier’s check, (2)  by delivery
of shares of Stock having a value equal to the exercise price, (3) by a broker-assisted cashless exercise in accordance with
procedures approved by the Committee, whereby payment of the Option exercise price or tax withholding obligations may be satisfied,
in whole or in part, with shares of Stock subject to the Option by delivery of an irrevocable direction to a securities broker
(on a form prescribed by the Committee) to sell shares of Stock and to deliver all or part of the sale proceeds to the Company
in payment of the aggregate exercise price and, if applicable, the amount necessary to satisfy the Company’s withholding
obligations, or (4) by any other means approved by the Committee (including, by delivery of a notice of “net exercise”
to the Company, pursuant to which the Participant shall receive the number of shares of Stock underlying the Option so exercised
reduced by the number of shares of Stock equal to the aggregate exercise price of the Option divided by the Fair Market Value on
the date of exercise). Notwithstanding anything herein to the contrary, if the Committee determines that any form of payment available
hereunder would be in violation of Section 402 of the Sarbanes-Oxley Act of 2002, such form of payment shall not be available.

 

(e)              
Vesting. Options shall vest and become exercisable in such manner, on such date or dates, or upon the achievement
of performance or other conditions, in each case as may be determined by the Committee and set forth in an Option Agreement. Unless
otherwise specifically determined by the Committee, the vesting of an Option shall occur only while the Participant is employed
by or rendering services to the Service Recipient, and all vesting shall cease upon a Participant’s Termination for any reason.
To the extent permitted by applicable law and unless otherwise determined by the Committee, vesting shall be suspended during the
period of any approved unpaid leave of absence by a Participant following which the Participant has a right to reinstatement and
shall resume upon such Participant’s return to active employment. If an Option is exercisable in installments, such installments
or portions thereof that become exercisable shall remain exercisable until the Option expires, is canceled or otherwise terminates.

 

(f)               
Termination of Employment or Service. Except as provided by the Committee in an Option Agreement, Participant Agreement
or otherwise:

 

(1)                       
In the event of a Participant’s Termination prior to the applicable Expiration Date for any reason other than (i) by
the Service Recipient for Cause, or (ii) by reason of the Participant’s death or Disability, (A) all vesting with
respect to such Participant’s Options outstanding shall cease, (B) all of such Participant’s unvested Options
outstanding shall terminate and be forfeited for no consideration as of the date of such Termination, and (C) all of such
Participant’s vested Options outstanding shall terminate and be forfeited for no consideration on the earlier of (x) the
applicable Expiration Date and (y) the date that is ninety (90) days after the date of such Termination.

 

(2)                       
In the event of a Participant’s Termination prior to the applicable Expiration Date by reason of such Participant’s
death or Disability, (i) all vesting with respect to such Participant’s Options outstanding shall cease, (ii) all
of such Participant’s unvested Options outstanding shall terminate and be forfeited for no consideration as of the date
of such Termination, and (iii) all of such Participant’s vested Options outstanding shall terminate and be forfeited
for no consideration on the earlier of (x) the applicable Expiration Date and (y) the date that is twelve (12) months
after the date of such Termination.

 

    - 11 -

     

    

 

(3)                       
In the event of a Participant’s Termination prior to the applicable Expiration Date by the Service Recipient for Cause,
all of such Participant’s Options outstanding (whether or not vested) shall immediately terminate and be forfeited for no
consideration as of the date of such Termination.

 

(g)              
Special Provisions Applicable to Incentive Stock Options.

 

(1)                        No Incentive Stock Option may be granted to any Eligible Person who, at the time the Option is granted, owns directly, or indirectly
within the meaning of Section 424(d) of the Code, stock possessing more than ten percent (10%) of the total combined voting power
of all classes of stock of the Company or of any parent or subsidiary thereof, unless such Incentive Stock Option (i) has an exercise
price of at least one hundred ten percent (110%) of the Fair Market Value on the date of the grant of such Option and (ii) cannot
be exercised more than five (5) years after the date it is granted.

 

(2)                       
To the extent that the aggregate Fair Market Value (determined as of the date of grant) of Stock for which Incentive Stock Options
are exercisable for the first time by any Participant during any calendar year (under all plans of the Company and its Affiliates)
exceeds $100,000, such excess Incentive Stock Options shall be treated as Nonqualified Stock Options.

 

(3)                       
Each Participant who receives an Incentive Stock Option must agree to notify the Company in writing immediately after the Participant
makes a Disqualifying Disposition of any Stock acquired pursuant to the exercise of an Incentive Stock Option.

 

6.                 
Restricted Stock.

 

(a)              
General. Restricted Stock may be granted to Eligible Persons in such form and having such terms and conditions as
the Committee shall deem appropriate. The provisions of separate Awards of Restricted Stock shall be set forth in separate Restricted
Stock Agreements, which agreements need not be identical. Subject to the restrictions set forth in Section ‎6(b)
hereof, and except as otherwise set forth in the applicable Restricted Stock Agreement, the Participant shall generally have the
rights and privileges of a stockholder as to such Restricted Stock, including the right to vote such Restricted Stock. Unless otherwise
set forth in a Participant’s Restricted Stock Agreement, cash dividends and stock dividends, if any, with respect to the
Restricted Stock shall be withheld by the Company for the Participant’s account, and shall be subject to forfeiture to the
same degree as the shares of Restricted Stock to which such dividends relate. Except as otherwise determined by the Committee,
no interest will accrue or be paid on the amount of any cash dividends withheld.

 

    - 12 -

     

    

 

(b)              
Vesting and Restrictions on Transfer. Restricted Stock shall vest in such manner, on such date or dates, or upon
the achievement of performance or other conditions, in each case as may be determined by the Committee and set forth in a Restricted
Stock Agreement. Unless otherwise specifically determined by the Committee, the vesting of an Award of Restricted Stock shall occur
only while the Participant is employed by or rendering services to the Service Recipient, and all vesting shall cease upon a Participant’s
Termination for any reason. To the extent permitted by applicable law and unless otherwise determined by the Committee, vesting
shall be suspended during the period of any approved unpaid leave of absence by a Participant following which the Participant has
a right to reinstatement and shall resume upon such Participant’s return to active employment. In addition to any other restrictions
set forth in a Participant’s Restricted Stock Agreement, the Participant shall not be permitted to sell, transfer, pledge,
or otherwise encumber the Restricted Stock prior to the time the Restricted Stock has vested pursuant to the terms of the Restricted
Stock Agreement.

 

(c)               Termination
of Employment or Service. Except as provided by the Committee in a Restricted Stock Agreement, Participant Agreement or otherwise,
in the event of a Participant’s Termination for any reason prior to the time that such Participant’s Restricted Stock
has vested, (1) all vesting with respect to such Participant’s Restricted Stock outstanding shall cease, and (2) as
soon as practicable following such Termination, the Company shall repurchase from the Participant, and the Participant shall sell,
all of such Participant’s unvested shares of Restricted Stock at a purchase price equal to the lesser of (A) the original
purchase price paid for the Restricted Stock (as adjusted for any subsequent changes in the outstanding Stock or in the capital
structure of the Company) less any dividends or other distributions or bonus received (or to be received) by the Participant
(or any transferee) in respect of such Restricted Stock prior to the date of repurchase and (B) the Fair Market Value of
the Stock on the date of such repurchase; provided that, if the original purchase price paid for the Restricted Stock is equal
to zero dollars ($0), such unvested shares of Restricted Stock shall be forfeited to the Company by the Participant for no consideration
as of the date of such Termination.

 

7.                 
Restricted Stock Units.

 

(a)              
General. Restricted Stock Units may be granted to Eligible Persons in such form and having such terms and conditions
as the Committee shall deem appropriate. The provisions of separate Restricted Stock Units shall be set forth in separate RSU Agreements,
which agreements need not be identical.

 

(b)              
Vesting. Restricted Stock Units shall vest in such manner, on such date or dates, or upon the achievement of performance
or other conditions, in each case as may be determined by the Committee and set forth in an RSU Agreement. Unless otherwise specifically
determined by the Committee, the vesting of a Restricted Stock Unit shall occur only while the Participant is employed by or rendering
services to the Service Recipient, and all vesting shall cease upon a Participant’s Termination for any reason. To the extent
permitted by applicable law and unless otherwise determined by the Committee, vesting shall be suspended during the period of any
approved unpaid leave of absence by a Participant following which the Participant has a right to reinstatement and shall resume
upon such Participant’s return to active employment.

 

    - 13 -

     

    

 

(c)              
Settlement. Restricted Stock Units shall be settled in Stock, cash, or property, as determined by the Committee,
in its sole discretion, on the date or dates determined by the Committee and set forth in an RSU Agreement. Unless otherwise set
forth in a Participant’s RSU Agreement, a Participant shall not be entitled to dividends, if any, or dividend equivalents
with respect to Restricted Stock Units prior to settlement.

 

(d)              
Termination of Employment or Service. Except as provided by the Committee in an RSU Agreement, Participant Agreement
or otherwise, in the event of a Participant’s Termination for any reason prior to the time that such Participant’s
Restricted Stock Units have been settled, (1) all vesting with respect to such Participant’s Restricted Stock Units
outstanding shall cease, (2) all of such Participant’s unvested Restricted Stock Units outstanding shall be forfeited
for no consideration as of the date of such Termination, and (3) any shares remaining undelivered with respect to vested Restricted
Stock Units then held by such Participant shall be delivered on the delivery date or dates specified in the RSU Agreement.

 

8.                 
Stock Appreciation Rights.

 

(a)              
General. Stock Appreciation Rights may be granted to Eligible Persons in such form and having such terms and conditions
as the Committee shall deem appropriate. The provisions of separate Stock Appreciation Rights shall be set forth in separate SAR
Agreements, which agreements need not be identical. No dividends or dividend equivalents shall be paid on Stock Appreciation Rights.

 

(b)              
Term. The term of each Stock Appreciation Right shall be set by the Committee at the time of grant; provided,
however, that no Stock Appreciation Right granted hereunder shall be exercisable after, and each Stock Appreciation Right shall
expire, ten (10) years from the date it was granted.

 

(c)              
Base Price. The base price per share of Stock for each Stock Appreciation Right shall be set by the Committee at
the time of grant and shall not be less than the Fair Market Value on the date of grant. Notwithstanding the foregoing, in the
case of a Stock Appreciation Right that is a Substitute Award, the base price per share of Stock for such Stock Appreciation Right
may be less than the Fair Market Value on the date of grant; provided, that such base price is determined in a manner consistent
with the provisions of Section 409A of the Code.

 

(d)              
Vesting. Stock Appreciation Rights shall vest and become exercisable in such manner, on such date or dates, or upon
the achievement of performance or other conditions, in each case as may be determined by the Committee and set forth in a SAR Agreement.
Unless otherwise specifically determined by the Committee, the vesting of a Stock Appreciation Right shall occur only while the
Participant is employed by or rendering services to the Service Recipient, and all vesting shall cease upon a Participant’s
Termination for any reason. To the extent permitted by applicable law and unless otherwise determined by the Committee, vesting
shall be suspended during the period of any approved unpaid leave of absence by a Participant following which the Participant has
a right to reinstatement and shall resume upon such Participant’s return to active employment. If a Stock Appreciation Right
is exercisable in installments, such installments or portions thereof that become exercisable shall remain exercisable until the
Stock Appreciation Right expires, is canceled or otherwise terminates.

 

    - 14 -

     

    

 

(e)              
Payment upon Exercise. Payment upon exercise of a Stock Appreciation Right may be made in cash, Stock, or property
as specified in the SAR Agreement or determined by the Committee, in each case having a value in respect of each share of Stock
underlying the portion of the Stock Appreciation Right so exercised, equal to the difference between the base price of such Stock
Appreciation Right and the Fair Market Value of one (1) share of Stock on the exercise date. For purposes of clarity, each share
of Stock to be issued in settlement of a Stock Appreciation Right is deemed to have a value equal to the Fair Market Value of one
(1) share of Stock on the exercise date. In no event shall fractional shares be issuable upon the exercise of a Stock Appreciation
Right, and in the event that fractional shares would otherwise be issuable, the number of shares issuable will be rounded down
to the next lower whole number of shares, and the Participant will be entitled to receive a cash payment equal to the value of
such fractional share.

 

(f)               
Termination of Employment or Service. Except as provided by the Committee in a SAR Agreement, Participant Agreement
or otherwise:

 

(1)                       
In the event of a Participant’s Termination prior to the applicable Expiration Date for any reason other than (i) by
the Service Recipient for Cause, or (ii) by reason of the Participant’s death or Disability, (A) all vesting with
respect to such Participant’s Stock Appreciation Rights outstanding shall cease, (B) all of such Participant’s
unvested Stock Appreciation Rights outstanding shall terminate and be forfeited for no consideration as of the date of such Termination,
and (C) all of such Participant’s vested Stock Appreciation Rights outstanding shall terminate and be forfeited for
no consideration on the earlier of (x) the applicable Expiration Date and (y) the date that is ninety (90) days after
the date of such Termination.

 

(2)                       
In the event of a Participant’s Termination prior to the applicable Expiration Date by reason of such Participant’s
death or Disability, (i) all vesting with respect to such Participant’s Stock Appreciation Rights outstanding shall
cease, (ii) all of such Participant’s unvested Stock Appreciation Rights outstanding shall terminate and be forfeited
for no consideration as of the date of such Termination, and (iii) all of such Participant’s vested Stock Appreciation
Rights outstanding shall terminate and be forfeited for no consideration on the earlier of (x) the applicable Expiration
Date and (y) the date that is twelve (12) months after the date of such Termination. In the event of a Participant’s
death, such Participant’s Stock Appreciation Rights shall remain exercisable by the Person or Persons to whom such Participant’s
rights under the Stock Appreciation Rights pass by will or by the applicable laws of descent and distribution until the applicable
Expiration Date, but only to the extent that the Stock Appreciation Rights were vested at the time of such Termination.

 

(3)                       
In the event of a Participant’s Termination prior to the applicable Expiration Date by the Service Recipient for Cause,
all of such Participant’s Stock Appreciation Rights outstanding (whether or not vested) shall immediately terminate and
be forfeited for no consideration as of the date of such Termination.

 

    - 15 -

     

    

 

9.                
Other Stock-Based Awards.

 

The Committee is authorized,
subject to limitations under applicable law, to grant to Participants such other Awards that may be denominated or payable in,
valued in whole or in part by reference to, or otherwise based upon or related to Stock, as deemed by the Committee to be consistent
with the purposes of the Plan. The Committee may also grant Stock as a bonus (whether or not subject to any vesting requirements
or other restrictions on transfer), and may grant other Awards in lieu of obligations of the Company or an Affiliate to pay cash
or deliver other property under the Plan or under other plans or compensatory arrangements, subject to such terms as shall be determined
by the Committee. The terms and conditions applicable to such Awards shall be determined by the Committee and evidenced by Award
Agreements, which agreements need not be identical.

 

10.              
Adjustment for Recapitalization, Merger, etc.

 

(a)              
Capitalization Adjustments. The aggregate number of shares of Stock that may be delivered in connection with Awards
(as set forth in Section ‎4 hereof), the numerical share limits in Section ‎4(a)
hereof, the number of shares of Stock covered by each outstanding Award, and the price per share of Stock underlying each such
Award shall be equitably and proportionally adjusted or substituted, as determined by the Committee, in its sole discretion, as
to the number, price, or kind of a share of Stock or other consideration subject to such Awards (1) in the event of changes
in the outstanding Stock or in the capital structure of the Company by reason of stock dividends, extraordinary cash dividends,
stock splits, reverse stock splits, recapitalizations, reorganizations, mergers, amalgamations, consolidations, combinations, exchanges,
or other relevant changes in capitalization occurring after the date of grant of any such Award (including any Corporate Event);
(2) in connection with any extraordinary dividend declared and paid in respect of shares of Stock, whether payable in the
form of cash, stock, or any other form of consideration; or (3) in the event of any change in applicable laws or circumstances
that results in or could result in, in either case, as determined by the Committee in its sole discretion, any substantial dilution
or enlargement of the rights intended to be granted to, or available for, Participants in the Plan. In lieu of or in addition to
any adjustment pursuant to this Section ‎10, if deemed appropriate, the Committee may
provide that an adjustment take the form of a cash payment to the holder of an outstanding Award with respect to all or part of
an outstanding Award, which payment shall be subject to such terms and conditions (including timing of payment(s), vesting and
forfeiture conditions) as the Committee may determine in its sole discretion. The Committee will make such adjustments, substitutions
or payment, and its determination will be final, binding and conclusive. The Committee need not take the same action or actions
with respect to all Awards or portions thereof or with respect to all Participants. The Committee may take different actions with
respect to the vested and unvested portions of an Award.

 

(b)              
Corporate Events. Notwithstanding the foregoing, except as provided by the Committee in an Award Agreement, Participant
Agreement or otherwise, in connection with (i) a merger, amalgamation, or consolidation involving the Company in which the
Company is not the surviving corporation, (ii) a merger, amalgamation, or consolidation involving the Company in which the
Company is the surviving corporation but the holders of shares of Stock receive securities of another corporation or other property
or cash, (iii) a Change in Control, or (iv) the reorganization, dissolution or liquidation of the Company (each, a “Corporate
Event”), the Committee may provide for any one or more of the following:

 

    - 16 -

     

    

 

(1)                       
The assumption or substitution of any or all Awards in connection with such Corporate Event, in which case the Awards shall be
subject to the adjustment set forth in Section 10(a) hereof, and to the extent that such Awards vest subject to the achievement
of performance criteria, such performance criteria shall be deemed earned at target level (or if no target is specified, the maximum
level) and will be converted into solely service based vesting awards that will vest during the performance period, if any, during
which the original performance criteria would have been measured;

 

(2)                       
The acceleration of vesting of any or all Awards not assumed or substituted in connection with such Corporate Event, subject to
the consummation of such Corporate Event; provided that unless otherwise set forth in an Award Agreement, any Awards that
vest subject to the achievement of performance criteria will be deemed earned at target level (or if no target is specified, the
maximum level), provided further that a Participant has not experienced a Termination prior to such Corporate Event;

 

(3)                       
The cancellation of any or all Awards not assumed or substituted in connection with such Corporate Event (whether vested or unvested)
as of the consummation of such Corporate Event, together with the payment to the Participants holding vested Awards (including
any Awards that would vest upon the Corporate Event but for such cancellation) so canceled of an amount in respect of cancellation
equal to an amount based upon the per-share consideration being paid for the Stock in connection with such Corporate Event, less,
in the case of Options, Stock Appreciation Rights, and other Awards subject to exercise, the applicable exercise or base price;
provided, however, that holders of Options, Stock Appreciation Rights, and other Awards subject to exercise shall be entitled
to consideration in respect of cancellation of such Awards only if the per-share consideration less the applicable exercise or
base price is greater than zero dollars ($0), and to the extent that the per-share consideration is less than or equal to the
applicable exercise or base price, such Awards shall be canceled for no consideration;

 

(4)                       
The cancellation of any or all Options, Stock Appreciation Rights and other Awards subject to exercise not assumed or substituted
in connection with such Corporate Event (whether vested or unvested) as of the consummation of such Corporate Event; provided
that all Options, Stock Appreciation Rights and other Awards to be so canceled pursuant to this paragraph ‎(4) shall
first become exercisable for a period of at least ten (10) days prior to such Corporate Event, with any exercise during such period
of any unvested Options, Stock Appreciation Rights or other Awards to be (A) contingent upon and subject to the occurrence
of the Corporate Event, and (B) effectuated by such means as are approved by the Committee; and

 

(5)                       
The replacement of any or all Awards (other than Awards that are intended to qualify as “stock rights” that do not
provide for a “deferral of compensation” within the meaning of Section 409A of the Code) with a cash incentive
program that preserves the value of the Awards so replaced (determined as of the consummation of the Corporate Event), with subsequent
payment of cash incentives subject to the same vesting conditions as applicable to the Awards so replaced and payment to be made
within thirty (30) days of the applicable vesting date.

 

    - 17 -

     

    

 

Payments
to holders pursuant to paragraph ‎(3) above shall be made in cash or, in the sole discretion of the Committee,
and to the extent applicable, in the form of such other consideration necessary for a Participant to receive property, cash, or
securities (or a combination thereof) as such Participant would have been entitled to receive upon the occurrence of the transaction
if the Participant had been, immediately prior to such transaction, the holder of the number of shares of Stock covered by the
Award at such time (less any applicable exercise or base price). In addition, in connection with any Corporate Event, prior to
any payment or adjustment contemplated under this Section ‎10(b), the Committee may require a Participant to (A) represent
and warrant as to the unencumbered title to his or her Awards, (B) bear such Participant’s pro-rata share of any post-closing
indemnity obligations, and be subject to the same post-closing purchase price adjustments, escrow terms, offset rights, holdback
terms, and similar conditions as the other holders of Stock, and (C) deliver customary transfer documentation as reasonably
determined by the Committee. The Committee need not take the same action or actions with respect to all Awards or portions thereof
or with respect to all Participants. The Committee may take different actions with respect to the vested and unvested portions
of an Award.

 

(c)              
Fractional Shares. Any adjustment provided under this Section ‎10 may,
in the Committee’s discretion, provide for the elimination of any fractional share that might otherwise become subject to
an Award. No cash settlements shall be made with respect to fractional shares so eliminated.

 

(d)              
Double-Trigger Vesting. Notwithstanding any other provisions of the Plan, an Award Agreement or Participant Agreement
to the contrary, with respect to any Award that is assumed or substituted in connection with a Change in Control, the vesting,
payment, purchase or distribution of such Award may not be accelerated by reason of the Change in Control for any Participant unless
the Participant experiences an involuntary Termination as a result of the Change in Control. Unless otherwise provided for in an
Award Agreement or Participant Agreement, all Awards held by a Participant who experiences an involuntary Termination as a result
of a Change in Control shall immediately vest as of the date of such Termination. For purposes of this Section ‎10(d),
a Participant will be deemed to experience an involuntary Termination as a result of a Change in Control if the Participant experiences
a Termination by the Service Recipient other than for Cause, or otherwise experiences a Termination under circumstances which entitle
the Participant to mandatory severance payment(s) pursuant to applicable law or, in the case of a non-employee director of the
Company, if the non-employee director’s service on the Board terminates in connection with or as a result of a Change in
Control, in each case, at any time beginning on the date of the Change in Control up to and including the second (2nd)
anniversary of the Change in Control.

 

11.              
Use of Proceeds.

 

The proceeds received
from the sale of Stock pursuant to the Plan shall be used for general corporate purposes.

 

    - 18 -

     

    

 

12.              
Rights and Privileges as a Stockholder.

 

Except as otherwise specifically
provided in the Plan, no Person shall be entitled to the rights and privileges of Stock ownership in respect of shares of Stock
that are subject to Awards hereunder until such shares have been issued to that Person.

 

13.              
Transferability of Awards.

 

Awards may not be sold,
transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the applicable laws of descent
and distribution, and to the extent subject to exercise, Awards may not be exercised during the lifetime of the grantee other than
by the grantee. Notwithstanding the foregoing, except with respect to Incentive Stock Options, Awards and a Participant’s
rights under the Plan shall be transferable for no value to the extent provided in an Award Agreement or otherwise determined at
any time by the Committee.

 

14.              
Employment or Service Rights.

 

No individual shall have
any claim or right to be granted an Award under the Plan or, having been selected for the grant of an Award, to be selected for
the grant of any other Award. Neither the Plan nor any action taken hereunder shall be construed as giving any individual any right
to be retained in the employ or service of the Company or an Affiliate of the Company.

 

15.              
Compliance with Laws.

 

The obligation of the
Company to deliver Stock upon issuance, vesting, exercise, or settlement of any Award shall be subject to all applicable laws,
rules, and regulations, and to such approvals by governmental agencies as may be required. Notwithstanding any terms or conditions
of any Award to the contrary, the Company shall be under no obligation to offer to sell or to sell, and shall be prohibited from
offering to sell or selling, any shares of Stock pursuant to an Award unless such shares have been properly registered for sale
with the U.S. Securities and Exchange Commission pursuant to the Securities Act (or with a similar non-U.S. regulatory agency
pursuant to a similar law or regulation) or unless the Company has received an opinion of counsel, satisfactory to the Company,
that such shares may be offered or sold without such registration pursuant to an available exemption therefrom and the terms and
conditions of such exemption have been fully complied with. The Company shall be under no obligation to register for sale or resale
under the Securities Act any of the shares of Stock to be offered or sold under the Plan or any shares of Stock to be issued upon
exercise or settlement of Awards. If the shares of Stock offered for sale or sold under the Plan are offered or sold pursuant to
an exemption from registration under the Securities Act, the Company may restrict the transfer of such shares and may legend the
Stock certificates representing such shares in such manner as it deems advisable to ensure the availability of any such exemption.

 

16.              
Withholding Obligations.

 

As a condition to the
issuance, vesting, exercise, or settlement of any Award (or upon the making of an election under Section 83(b) of the Code),
the Committee may require that a Participant satisfy, through deduction or withholding from any payment of any kind otherwise due
to the Participant, or through such other arrangements as are satisfactory to the Committee, the amount of all federal, state,
and local income and other taxes of any kind required or permitted to be withheld in connection with such issuance, vesting, exercise,
or settlement (or election). The Committee, in its discretion, may permit shares of Stock to be used to satisfy tax withholding
requirements, and such shares shall be valued at their Fair Market Value as of the issuance, vesting, exercise, or settlement date
of the Award, as applicable. Depending on the withholding method, the Company may withhold by considering the applicable minimum
statutorily required withholding rates or other applicable withholding rates in the applicable Participant’s jurisdiction,
including maximum applicable rates that may be utilized without creating adverse accounting treatment under Financial Accounting
Standards Board Accounting Standards Codification Topic 718 (or any successor pronouncement thereto) and is permitted under
applicable withholding rules promulgated by the Internal Revenue Service or another applicable governmental entity.

 

    - 19 -

     

    

 

17.              
Amendment of the Plan or Awards.

 

(a)              
Amendment of Plan. The Board or the Committee may amend the Plan at any time and from time to time.

 

(b)              
Amendment of Awards. The Board or the Committee may amend the terms of any one or more Awards at any time and from
time to time.

 

(c)              
Stockholder Approval; No Material Impairment. Notwithstanding anything herein to the contrary, no amendment to the
Plan or any Award shall be effective without stockholder approval to the extent that such approval is required pursuant to applicable
law or the applicable rules of each national securities exchange on which the Stock is listed. Additionally, no amendment to the
Plan or any Award shall materially impair a Participant’s rights under any Award unless the Participant consents in writing
(it being understood that no action taken by the Board or the Committee that is expressly permitted under the Plan, including,
without limitation, any actions described in Section ‎10 hereof, shall constitute
an amendment to the Plan or an Award for such purpose). Notwithstanding the foregoing, subject to the limitations of applicable
law, if any, and without an affected Participant’s consent, the Board or the Committee may amend the terms of the Plan or
any one or more Awards from time to time as necessary to bring such Awards into compliance with applicable law, including, without
limitation, Section 409A of the Code.

 

(d)              
No Repricing of Awards Without Stockholder Approval. Notwithstanding Sections ‎17(a)
or ‎17(b) above, or any other provision of the Plan, the repricing of Awards shall not
be permitted without stockholder approval. For this purpose, a “repricing” means any of the following (or any
other action that has the same effect as any of the following): (1) changing the terms of an Award to lower its exercise or
base price (other than on account of capital adjustments resulting from share splits, etc., as described in Section ‎10(a)
hereof), (2) any other action that is treated as a repricing under GAAP, and (3) repurchasing for cash or canceling an
Award in exchange for another Award at a time when its exercise or base price is greater than the Fair Market Value of the underlying
Stock, unless the cancellation and exchange occurs in connection with an event set forth in Section ‎10(b)
hereof.

 

    - 20 -

     

    

 

18.              
Termination or Suspension of the Plan.

 

The Board or the Committee
may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on the day before the tenth (10th)
anniversary of the date the stockholders of the Company approve the Plan. No Awards may be granted under the Plan while the Plan
is suspended or after it is terminated; provided, however, that following any suspension or termination of the Plan, the
Plan shall remain in effect for the purpose of governing all Awards then outstanding hereunder until such time as all Awards under
the Plan have been terminated, forfeited, or otherwise canceled, or earned, exercised, settled, or otherwise paid out, in accordance
with their terms.

 

19.              
Effective Date of the Plan.

 

The Plan is effective
as of the Effective Date.

 

20.              
Miscellaneous.

 

(a)              
Treatment of Dividends and Dividend Equivalents on Unvested Awards. Notwithstanding any other provision of the Plan
to the contrary, with respect to any Award that provides for or includes a right to dividends or dividend equivalents, if dividends
are declared during the period that an equity Award is outstanding, such dividends (or dividend equivalents) shall either (i) not
be paid or credited with respect to such Award or (ii) be accumulated but remain subject to vesting requirement(s) to the
same extent as the applicable Award and shall only be paid at the time or times such vesting requirement(s) are satisfied. Except
as otherwise determined by the Committee, no interest will accrue or be paid on the amount of any cash dividends withheld. No dividends
or dividend equivalents shall be paid on Options or Stock Appreciation Rights.

 

(b)              
Certificates. Stock acquired pursuant to Awards granted under the Plan may be evidenced in such a manner as the Committee
shall determine. If certificates representing Stock are registered in the name of the Participant, the Committee may require that
(1) such certificates bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Stock,
(2) the Company retain physical possession of the certificates, and (3) the Participant deliver a stock power to the
Company, endorsed in blank, relating to the Stock. Notwithstanding the foregoing, the Committee may determine, in its sole discretion,
that the Stock shall be held in book-entry form rather than delivered to the Participant pending the release of any applicable
restrictions.

 

(c)              
Other Benefits. No Award granted or paid out under the Plan shall be deemed compensation for purposes of computing
benefits under any retirement plan of the Company or its Affiliates nor affect any benefits under any other benefit plan now or
subsequently in effect under which the availability or amount of benefits is related to the level of compensation.

 

(d)              
Corporate Action Constituting Grant of Awards. Corporate action constituting a grant by the Company of an Award to
any Participant will be deemed completed as of the date of such corporate action, unless otherwise determined by the Committee,
regardless of when the instrument, certificate, or letter evidencing the Award is communicated to, or actually received or accepted
by, the Participant. In the event that the corporate records (e.g., Committee consents, resolutions or minutes)
documenting the corporate action constituting the grant contain terms (e.g., exercise price, vesting schedule or number
of shares of Stock) that are inconsistent with those in the Award Agreement as a result of a clerical error in connection with
the preparation of the Award Agreement, the corporate records will control and the Participant will have no legally binding right
to the incorrect term in the Award Agreement.

 

    - 21 -

     

    

 

(e)              
Clawback/Recoupment Policy. Notwithstanding anything contained herein to the contrary, all Awards granted under the
Plan shall be and remain subject to any incentive compensation clawback or recoupment policy currently in effect or as may be adopted
by the Board (or a committee or subcommittee of the Board) and, in each case, as may be amended from time to time. No such policy
adoption or amendment shall in any event require the prior consent of any Participant. No recovery of compensation under such a
clawback policy will be an event giving rise to a right to resign for “good reason” or “constructive termination”
(or similar term) under any agreement with the Company or any of its Affiliates. In the event that an Award is subject to more
than one such policy, the policy with the most restrictive clawback or recoupment provisions shall govern such Award, subject to
applicable law.

 

(f)               
Non-Exempt Employees. If an Option is granted to an employee of the Company or any of its Affiliates in the United
States who is a non-exempt employee for purposes of the Fair Labor Standards Act of 1938, as amended, the Option will not be first
exercisable for any shares of Stock until at least six (6) months following the date of grant of the Option (although the
Option may vest prior to such date). Consistent with the provisions of the Worker Economic Opportunity Act, (1) if such employee
dies or suffers a Disability, (2) upon a Corporate Event in which such Option is not assumed, continued, or substituted, (3) upon
a Change in Control, or (4) upon the Participant’s retirement (as such term may be defined in the applicable Award Agreement
or a Participant Agreement, or, if no such definition exists, in accordance with the Company’s then current employment policies
and guidelines), the vested portion of any Options held by such employee may be exercised earlier than six (6) months following
the date of grant. The foregoing provision is intended to operate so that any income derived by a non-exempt employee in connection
with the exercise or vesting of an Option will be exempt from his or her regular rate of pay. To the extent permitted and/or required
for compliance with the Worker Economic Opportunity Act to ensure that any income derived by a non-exempt employee in connection
with the exercise, vesting or issuance of any shares under any other Award will be exempt from such employee’s regular rate
of pay, the provisions of this Section ‎20(f)will apply to all Awards.

 

(g)              
Data Privacy. As a condition of receipt of any Award, each Participant explicitly and unambiguously consents to the
collection, use, and transfer, in electronic or other form, of personal data as described in this Section 20(g) by and among,
as applicable, the Company and its Affiliates for the exclusive purpose of implementing, administering, and managing the Plan and
Awards and the Participant’s participation in the Plan. In furtherance of such implementation, administration, and management,
the Company and its Affiliates may hold certain personal information about a Participant, including, but not limited to, the Participant’s
name, home address, telephone number, date of birth, social security or insurance number or other identification number, salary,
nationality, job title(s), information regarding any securities of the Company or any of its Affiliates, and details of all Awards
(the “Data”). In addition to transferring the Data amongst themselves as necessary for the purpose of implementation,
administration, and management of the Plan and Awards and the Participant’s participation in the Plan, the Company and its
Affiliates may each transfer the Data to any third parties assisting the Company in the implementation, administration, and management
of the Plan and Awards and the Participant’s participation in the Plan. Recipients of the Data may be located in the Participant’s
country or elsewhere, and the Participant’s country and any given recipient’s country may have different data privacy
laws and protections. By accepting an Award, each Participant authorizes such recipients to receive, possess, use, retain, and
transfer the Data, in electronic or other form, for the purposes of assisting the Company in the implementation, administration,
and management of the Plan and Awards and the Participant’s participation in the Plan, including any requisite transfer of
such Data as may be required to a broker or other third party with whom the Company or the Participant may elect to deposit any
shares of Stock. The Data related to a Participant will be held only as long as is necessary to implement, administer, and manage
the Plan and Awards and the Participant’s participation in the Plan. A Participant may, at any time, view the Data held by
the Company with respect to such Participant, request additional information about the storage and processing of the Data with
respect to such Participant, recommend any necessary corrections to the Data with respect to the Participant, or refuse or withdraw
the consents herein in writing, in any case without cost, by contacting his or her local human resources representative. The Company
may cancel the Participant’s eligibility to participate in the Plan, and in the Committee’s discretion, the Participant
may forfeit any outstanding Awards if the Participant refuses or withdraws the consents described herein. For more information
on the consequences of refusal to consent or withdrawal of consent, Participants may contact their local human resources representative.

 

    - 22 -

     

    

 

(h)              
Participants Outside of the United States. The Committee may modify the terms of any Award under the Plan made to
or held by a Participant who is then a resident, or is primarily employed or providing services, outside of the United States in
any manner deemed by the Committee to be necessary or appropriate in order that such Award shall conform to laws, regulations,
and customs of the country in which the Participant is then a resident or primarily employed or providing services, or so that
the value and other benefits of the Award to the Participant, as affected by non–U.S. tax laws and other restrictions applicable
as a result of the Participant’s residence, employment, or providing services abroad, shall be comparable to the value of
such Award to a Participant who is a resident, or is primarily employed or providing services, in the United States. An Award may
be modified under this Section ‎20(h) in a manner that is inconsistent with the express
terms of the Plan, so long as such modifications will not contravene any applicable law or regulation or result in actual liability
under Section 16(b) of the Exchange Act for the Participant whose Award is modified. Additionally, the Committee may adopt
such procedures and sub-plans as are necessary or appropriate to permit participation in the Plan by Eligible Persons who are non–U.S.
nationals or are primarily employed or providing services outside the United States.

 

(i)                
Change in Time Commitment. In the event a Participant’s regular level of time commitment in the performance
of his or her services for the Company or any of its Affiliates is reduced (for example, and without limitation, if the Participant
is an employee of the Company and the employee has a change in status from a full-time employee to a part-time employee) after
the date of grant of any Award to the Participant, the Committee has the right in its sole discretion to (i) make a corresponding
reduction in the number of shares of Stock subject to any portion of such Award that is scheduled to vest or become payable after
the date of such change in time commitment, and (ii) in lieu of or in combination with such a reduction, extend the vesting
or payment schedule applicable to such Award. In the event of any such reduction, the Participant will have no right with respect
to any portion of the Award that is so reduced or extended.

 

    - 23 -

     

    

 

(j)                
No Liability of Committee Members. Neither any member of the Committee nor any of the Committee’s permitted
delegates shall be liable personally by reason of any contract or other instrument executed by such member or on his or her behalf
in his or her capacity as a member of the Committee or for any mistake of judgment made in good faith, and the Company shall indemnify
and hold harmless each member of the Committee and each other employee, officer, or director of the Company to whom any duty or
power relating to the administration or interpretation of the Plan may be allocated or delegated, against all costs and expenses
(including counsel fees) and liabilities (including sums paid in settlement of a claim) arising out of any act or omission to act
in connection with the Plan, unless arising out of such Person’s own fraud or willful misconduct; provided, however,
that approval of the Board shall be required for the payment of any amount in settlement of a claim against any such Person. The
foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such Persons may be entitled
under the Company’s certificate or articles of incorporation or by-laws, each as may be amended from time to time, as a matter
of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

 

(k)              
Payments Following Accidents or Illness. If the Committee shall find that any Person to whom any amount is payable
under the Plan is unable to care for his or her affairs because of illness or accident, or is a minor, or has died, then any payment
due to such Person or his or her estate (unless a prior claim therefor has been made by a duly appointed legal representative)
may, if the Committee so directs the Company, be paid to his or her spouse, child, relative, an institution maintaining or having
custody of such Person, or any other Person deemed by the Committee to be a proper recipient on behalf of such Person otherwise
entitled to payment. Any such payment shall be a complete discharge of the liability of the Committee and the Company therefor.

 

(l)                
Governing Law. The Plan shall be governed by and construed in accordance with the laws of State of Delaware without
reference to the principles of conflicts of laws thereof.

 

(m)            
Electronic Delivery. Any reference herein to a “written” agreement or document or “writing”
will include any agreement or document delivered electronically or posted on the Company’s intranet (or other shared electronic
medium controlled or authorized by the Company to which the Participant has access) to the extent permitted by applicable law.

 

(n)              
Arbitration. All disputes and claims of any nature that a Participant (or such Participant’s transferee or
estate) may have against the Company arising out of or in any way related to the Plan or any Award Agreement shall be submitted
to and resolved exclusively by binding arbitration conducted in Austin, Texas (or such other location as the parties thereto may
agree) in accordance with the applicable rules of the American Arbitration Association then in effect, and the arbitration shall
be heard and determined by a panel of three arbitrators in accordance with such rules (except that in the event of any inconsistency
between such rules and this Section ‎20(n), the provisions of this Section ‎20(n)
shall control). The arbitration panel may not modify the arbitration rules specified above without the prior written approval of
all parties to the arbitration. Within ten business days after the receipt of a written demand, each party shall designate one
arbitrator, each of whom shall have experience involving complex business or legal matters, but shall not have any prior, existing
or potential material business relationship with any party to the arbitration. The two arbitrators so designated shall select a
third arbitrator, who shall preside over the arbitration, shall be similarly qualified as the two arbitrators and shall have no
prior, existing or potential material business relationship with any party to the arbitration; provided that if the two
arbitrators are unable to agree upon the selection of such third arbitrator, such third arbitrator shall be designated in accordance
with the arbitration rules referred to above. The arbitrators will decide the dispute by majority decision, and the decision shall
be rendered in writing and shall bear the signatures of the arbitrators and the party or parties who shall be charged therewith,
or the allocation of the expenses among the parties in the discretion of the panel. The arbitration decision shall be rendered
as soon as possible, but in any event not later than 120 days after the constitution of the arbitration panel. The arbitration
decision shall be final and binding upon all parties to the arbitration. The parties hereto agree that judgment upon any award
rendered by the arbitration panel may be entered in the United States District Court for the Western District of Texas or any Texas
state court sitting in Austin, Texas. To the maximum extent permitted by law, the parties hereby irrevocably waive any right of
appeal from any judgment rendered upon any such arbitration award in any such court. Notwithstanding the foregoing, any party may
seek injunctive relief in any such court.

 

    - 24 -

     

    

 

(o)              
Statute of Limitations. A Participant or any other person filing a claim for benefits under the Plan must file the
claim within one (1) year of the date the Participant or other person knew or should have known of the facts giving rise to
the claim. This one-year statute of limitations will apply in any forum where a Participant or any other person may file a claim
and, unless the Company waives the time limits set forth above in its sole discretion, any claim not brought within the time periods
specified shall be waived and forever barred.

 

(p)              
Funding. No provision of the Plan shall require the Company, for the purpose of satisfying any obligations under
the Plan, to purchase assets or place any assets in a trust or other entity to which contributions are made or otherwise to segregate
any assets, nor shall the Company be required to maintain separate bank accounts, books, records, or other evidence of the existence
of a segregated or separately maintained or administered fund for such purposes. Participants shall have no rights under the Plan
other than as unsecured general creditors of the Company, except that insofar as they may have become entitled to payment of additional
compensation by performance of services, they shall have the same rights as other employees and service providers under general
law.

 

(q)              
Reliance on Reports. Each member of the Committee and each member of the Board shall be fully justified in relying,
acting, or failing to act, and shall not be liable for having so relied, acted, or failed to act in good faith, upon any report
made by the independent public accountant of the Company and its Affiliates and upon any other information furnished in connection
with the Plan by any Person or Persons other than such member.

 

    - 25 -

     

    

 

(r)               
Titles and Headings. The titles and headings of the sections in the Plan are for convenience of reference only, and
in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control.

 

*     *     *

 

Adopted
by the Board of Directors: February 4,
2021

Approved by the Stockholders: February 2,
2021

Termination Date: February 1, 2031

 

    - 26 -

     

    

 

E2open
Parent Holdings, inc.

Stock Option Grant Notice

(2021 omnibus INCENTIVE PLAN)

 

E2open Parent Holdings, Inc. (the “Company”),
pursuant to its 2021 Omnibus Incentive Plan (the “Plan”), hereby grants to Participant an option
to purchase the number of shares of the Company’s Stock set forth below (the “Award”). The
Award is subject to all of the terms and conditions as set forth in this Stock Option Grant Notice (this “Grant Notice”),
in the Option Agreement (attached hereto as Attachment I), the Plans, which has been made
available to you on the Company Intranet, and the Vesting Schedule (attached hereto as Attachment II) both of which are
incorporated herein in their entirety. Capitalized terms not otherwise defined herein but defined in the Plan or the Option Agreement
will have the same definitions as in the Plan or the Option Agreement. If there is any conflict between the terms in this Grant
Notice and the Plan, the terms of the Plan will control.

 

	Name of Participant:	
 

	Date of Grant:	
 

	Number of Shares Subject to Option:	
 

	Exercise Price (Per Share):	
 

	Expiration Date:	
 

 

	Type of Grant:	Nonqualified
    Stock Option
	 	 
	Exercise Schedule:	Same as Vesting Schedule
	 	 
	Vesting Schedule:	Attached hereto as Attachment II

 

Additional Terms/Acknowledgements:
Participant acknowledges receipt of, and understands and agrees to, this Grant Notice, the Option Agreement and the Plan. Participant
acknowledges and agrees that this Grant Notice and the Option Agreement may not be modified, amended or revised except as provided
in the Plan. Participant further acknowledges that, as of the Date of Grant, this Grant Notice, the Option Agreement and the Plan
set forth the entire agreement and understanding between Participant and the Company regarding this option award and supersede
all prior oral and written agreements, promises and/or representations on that subject with the exception of (i) Awards previously
granted and delivered to the Participant, (ii) the Company’s Clawback Policy, if applicable, and any other compensation
recovery policy that is adopted by the Company or is otherwise required by applicable law, and (iii) any written employment
or severance arrangement that would provide for vesting acceleration of this Award upon the terms and conditions set forth therein.
By accepting this Award, Participant consents to receive such documents by electronic delivery and to participate in the Plan through
an on-line or electronic system established and maintained by the Company or another third party designated by the Company.

 

     

     

    

 

	E2open Parent Holdings, Inc.  	Participant:

 

 

	By:	 	 	 
	Signature	 	Signature

 

	Title:	       	 	Date:	       
	 	 	 
	Date:	 	 	 
	 	 	 

 

ATTACHMENTS:
Option Agreement and Vesting
Schedule

 

    - 2 - 

     

    

 

Attachment
I

 

E2open Parent Holdings, inc.

2021 omnibus INCENTIVE PLAN

Nonqualified Stock Option Agreement

 

Pursuant to the Stock
Option Grant Notice (the “Grant Notice”) and this Option Agreement (this “Agreement”),
E2open Parent Holdings, Inc. (the “Company”) has granted you an Award of an Option under its 2021 Omnibus
Incentive Plan (the “Plan”) to purchase the number of shares of the Company’s Stock indicated
in your Grant Notice at the exercise price indicated in your Grant Notice. The Option is granted to you effective as of the date
of grant set forth in the Grant Notice (the “Date of Grant”). Capitalized terms not explicitly defined
in this Agreement or in the Grant Notice but defined in the Plan will have the same definitions as in the Plan.

 

If there is any conflict
between the terms in this Agreement and the Plan, the terms of the Plan will control. The details of your option (this or your
 “Option”), in addition to those set forth in the Grant Notice and the Plan, are as follows:

 

1.           
Vesting. Subject to the limitations contained herein, your
Option will vest as provided in your Grant Notice. Vesting will cease upon your Termination. Except as set forth in this Section
1, upon your Termination, the portion of your Option that is not vested pursuant to vesting terms provided in Attachment II as
of the date of such Termination will be forfeited at no cost to the Company and you will have no further right, title or interest
in or to such underlying shares of Stock.

 

(a)          
Involuntary Termination During Performance Period. Upon your Termination (i) by the Company or any of
its Affiliates for a reason other than Disability or Cause, or (ii) by you for Good Reason (an “Involuntary Termination”)
during the Performance Period (as defined in Attachment II), [__] of your Option will remain outstanding and eligible to performance
vest in accordance with Attachment II. A pro rata portion of the number of shares of Stock subject to your Option, if any, that
subsequently performance vest pursuant to Attachment II will immediately time vest at the end of the Performance Period, with such
pro rata portion equal to the number of full months you were employed by the Company or any of its Affiliates between [Date] and
[Date] divided by [___].

 

(b)          
Defined Terms. For
purposes of this Agreement, 

 

(i)                 “Comparable
Employment” means employment on terms which provide (A) the same or greater rate of base salary or target
annual cash bonus as in effect immediately prior to such offer, (B) substantially the same, equivalent or higher job title
and level of responsibility as you had prior to the offer, disregarding any adjustment to your job title or level of
responsibility to reflect your placement within the overall organizational hierarchy due to the Company becoming a business
unit of the Company’s successor or an acquirer in a Change in Control, and (C) a principal work location that is both
(i) no more than fifty (50) miles from your then-current office location and (ii) does not materially increase your
travel time from your then- current residence (other than in connection with any teleworking or other arrangement
related to a public health or safety emergency).

 

     

     

    

 

(ii)                “Good
Reason” means the occurrence of any one or more of the following without your written consent: (A) a fifteen
percent (15%) or greater reduction in your then-current base salary or target annual cash bonus (other than a reduction in
your then-current base salary or target annual cash bonus in connection with an across-the-board reduction in base salary or
target annual cash bonus for the Chief Executive Officer and each of his or her direct reports); (B) a material diminution in
your authorities, duties, or responsibilities (other than as a result of the Company ceasing to be a publicly traded
company), or the assignment to you of duties inconsistent with your then-current authorities, duties or responsibilities; or
(C) the Company’s requiring you to be based at an office location that is at least fifty (50) miles from your
then-current office location and that materially increases your travel time from your then-current residence (other than in
connection with any teleworking or other arrangement related to a public health or safety emergency); provided, that
you may not rely on any particular action or event as a basis for terminating your employment due to Good Reason unless you
deliver a notice based on that action or event within thirty (30) days after its occurrence and the Company has failed to
correct the circumstances cited by you as constituting Good Reason within thirty (30) days of receiving such notice, and you
terminate employment within ten (10) days following the Company’s failure to correct. However, no event shall be
considered to constitute Good Reason if you are offered Comparable Employment, determined with respect to your position
without giving effect to the events allegedly constituting Good Reason, by the Company or any Affiliate of the Company,
regardless of whether you accept such offer of employment.

 

(c)          
Involuntary Termination After the Performance Period. Upon your Involuntary Termination after the completion
of the Performance Period, a number of shares of Stock subject to your Option, if any, that previously performance vested pursuant
to Attachment II will immediately time vest, equal to the difference between (x) the
product of (A) the aggregate number shares of Stock subject to your Option, if any, that previously performance vested
pursuant to Attachment II, times (B) the number of full months you were employed by
the Company or any of its Affiliates during the period between [start of vesting period] and [end of vesting period] divided by
[number of months in vesting period], and (y) the number of shares of Stock subject to your Option that have vested prior
to the date of such Involuntary Termination.

 

(d)          
Effect of a Change in Control. If a Change in Control occurs during the Performance Period, the number
of shares of Stock subject to your Option that would performance vest at Target Level (as defined in Attachment II) of performance
will immediately performance vest and continue to time vest in accordance with Section 2 of Attachment II. Upon your Termination
following a Change in Control due to your death, Disability or Involuntary Termination, the portion of your Option that have previously
performance vested (including any portion of your Option that performance vested as a result of this Section 1(d), will immediately
time vest.

 

(e)          
Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the committee may, in its sole
discretion, provide for accelerated vesting of the number of shares of Stock subject to your Option at any time and for any reason.

 

     2 

     

    

 

2.                  
Number of Shares and Exercise Price. The number of shares
of Stock subject to your Option and your exercise price per share in your Grant Notice will be adjusted from time to time for
capitalization adjustments, as provided in the Plan. Any additional shares become subject to the Option pursuant to this Section 2,
if any, shall be subject, in a manner determined by the Committee, to the same forfeiture restrictions, restrictions on transferability,
and time and manner of delivery as applicable to the other shares covered by your Option. Notwithstanding the provisions of this
Section 2, no fractional shares or rights for fractional shares of Stock shall be created pursuant to this Section 2.
Any fraction of a share will be rounded down to the nearest whole share.

 

3.                  
Method of Payment. You must pay the full amount of the exercise
price for the shares you wish to exercise. You may pay the exercise price in a manner approved by the Committee and in accordance
with applicable law, which may include any of the following payment methods: (i) in immediately available funds in U.S. dollars,
or by certified or bank cashier’s check, (ii)  by delivery of shares of Stock having a value equal to the exercise price,
(iii) by a broker-assisted cashless exercise in accordance with procedures approved by the Committee, whereby payment of the
Option exercise price or tax withholding obligations may be satisfied, in whole or in part, with shares of Stock subject to the
Option by delivery of an irrevocable direction to a securities broker (on a form prescribed by the Committee) to sell shares of
Stock and to deliver all or part of the sale proceeds to the Company in payment of the aggregate exercise price and, if applicable,
the amount necessary to satisfy the Company’s withholding obligations, or (iv) by any other means approved by the Committee.
Notwithstanding anything herein to the contrary, if the Committee determines that any form of payment available hereunder would
be in violation of Section 402 of the Sarbanes-Oxley Act of 2002, such form of payment shall not be available.

 

4.                  
Whole Shares. You may exercise your Option only for whole
shares of Stock.

 

5.                  
Securities Law Compliance. In no event may you exercise
your Option unless the shares of Stock issuable upon exercise are then registered under the Securities Act or, if not registered,
the Company has determined that your exercise and the issuance of the shares would be exempt from the registration requirements
of the Securities Act. The exercise of your Option also must comply with all other applicable laws and regulations governing your
Option and the Company’s policies, including without limitation the Company’s Insider Trading Policy, as amended from
time to time, and you may not exercise your option if the Company determines that such exercise would not be in material compliance
with such laws, regulations or Company policies, if applicable.

 

6.                  
Term. You may not exercise your Option before the Date of
Grant or after the expiration of the Option’s term. The term of your Option shall expire upon a Termination in accordance
with Section 5(f) of the Plan, and such Section 5(f) of the Plan is incorporated herein by reference and made a part hereof.

 

7.                  
Exercise.

 

(a)               You
may exercise the vested portion of your Option during its term by (i) completing such documents and/or procedures
designated by the Company, or a third party designated by the Company, for exercise, and (ii) paying the exercise price and
any applicable withholding taxes, together with such additional documents as the Company may then require.

 

     3 

     

    

 

(b)              
By exercising your Option you agree that, as a condition to any exercise of your Option, the Company may require
you to enter into an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company
arising by reason of (i) the exercise of your Option, or (ii) the disposition of shares of Stock acquired upon such exercise.

 

8.                  
Transferability of Options.
Except as otherwise provided in this Section 9, your option is not transferable, except by will or by the laws of descent
and distribution, and is exercisable during your life only by you.

 

(a)               Beneficiary
Designation. Upon receiving written permission from the Committee or its duly authorized designee, you may, by delivering
written notice to the Company, in a form approved by the Company and any broker designated by the Company to handle option exercises,
designate a third party who, on your death, will thereafter be entitled to exercise this Option and receive the Stock or other
consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate
will be entitled to exercise this Option and receive, on behalf of your estate, the Stock or other consideration resulting from
such exercise.

 

9.                  
Dividends. You
shall receive no benefit or adjustment to your Option with respect to any cash dividend, stock dividend or other distribution that
does not result from the adjustment provided in Section 10(a) of the Plan.

 

10.               
Restrictive Legends. The
shares of Stock issued under your Option shall be endorsed with appropriate legends, if applicable, as determined by the Company.

 

11.               
Award Not A Service Contract.
This Agreement is not an employment or service contract, and nothing in this Agreement will be deemed to create in any way whatsoever
any obligation on your part to continue in the employ or service of the Company or an Affiliate, or of the Company or an Affiliate
to continue your employment or service.

 

12.               
Withholding Obligations.

 

(a)                At
the time you exercise your Option, in whole or in part, and at any other time as reasonably requested by the Company in
accordance with applicable tax laws, you hereby authorize any required withholding from the shares of Stock issuable to you
and/or otherwise agree to make adequate provision in cash for any sums required to satisfy the federal, state, local and
foreign tax withholding obligations of the Company or any Affiliate that arise in connection with your exercise (the
 “Withholding Taxes”). Additionally, the Company or any Affiliate may, in its sole discretion,
satisfy all or any portion of the Withholding Taxes obligation relating to your exercise by any of the following means or by
a combination of such means: (i) withholding from any compensation otherwise payable to you by the Company; (ii) causing
you to tender a cash payment; (iii) permitting or requiring you to enter into a “same day sale” commitment,
whereby Withholding Taxes may be satisfied with a portion of the shares of Stock to be delivered in connection with your
exercise by delivery of an irrevocable direction to a securities broker (on a form prescribed by the Committee) to sell a
portion of the shares of Stock and to deliver all or part of the sale proceeds to the Company and/or its Affiliates in
payment of the amount necessary to satisfy the Withholding Taxes obligation; (iv) withholding shares of Stock from the shares
of Stock issued or otherwise issuable to you in connection with the Option with a Fair Market Value (measured as of the date
of exercise) equal to the amount of such Withholding Taxes; provided, that to the extent necessary to qualify for an
exemption from application of Section 16(b) of the Exchange Act, if applicable, such share withholding procedure will be
subject to the express prior approval of the Committee; or (v) such other arrangements as are satisfactory to the
Committee.

 

     4 

     

    

 

(b)              
You may not exercise your Option unless the tax withholding obligations of the Company and/or any Affiliate are
satisfied. Accordingly, you may not be able to exercise your Option when desired even though your Option is vested, and the Company
will have no obligation to issue a certificate for such shares of Stock or release such shares of Stock from any escrow provided
for herein, if applicable, unless such obligations are satisfied.

 

(c)               
In the event the Company’s obligation to withhold arises prior to the delivery to you of shares of Stock
or it is determined after the delivery of shares of Stock to you that the amount of the Company’s withholding obligations
was greater than the amount withheld by the Company, you agree to indemnify and hold the Company harmless from any failure by the
Company to withhold the proper amount.

 

13.               
Tax Consequences. You hereby agree that the Company does
not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities.
You will not make any claim against the Company, or any of its officers, directors, employees or Affiliates related to tax liabilities
arising from your Option or your other compensation. In particular, you acknowledge that this Option is exempt from Section 409A
of the Code only if the exercise price per share specified in the Grant Notice is at least equal to the “fair market value”
per share of the Stock on the Date of Grant and there is no other impermissible deferral of compensation associated with the Option.

 

14.               
Notices. Any notices provided for in your Option or the
Plan will be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the case of notices
delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you
at the last address you provided to the Company. The Company may, in its sole discretion, decide to deliver any documents related
to participation in the Plan and this Option by electronic means or to request your consent to participate in the Plan by electronic
means. By accepting this Option, you consent to receive such documents by electronic delivery and to participate in the Plan through
an on-line or electronic system established and maintained by the Company or another third party designated by the Company.

 

15.               
Governing Plan Document.
Your Option is subject to all the provisions of the Plan, the provisions of which are hereby made a part of your Option,
and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and
adopted pursuant to the Plan. If there is any conflict between the provisions of your Option and those of the Plan, the provisions
of the Plan will control. This Agreement shall be governed by and construed in accordance
with the laws of the State of delaware. Any dispute, controversy or claim between YOU and the Company arising out of or related
to this Agreement shall be resolved by arbitration in accordance with THE
PROVISIONS RELATING TO ARBITRATION SET FORTH IN THe PLAN.

 

     5 

     

    

 

16.               
Clawback/Recoupment Policy. Your Option (and any compensation
paid or shares issued under your Option) is subject to recoupment in accordance with the Company’s Clawback Policy, if applicable,
The Dodd Frank Wall Street Reform and Consumer Protection Act and any implementing regulations thereunder, any other clawback policy
adopted by the Company and any compensation recovery policy otherwise required by applicable law.

 

17.               
Other Documents. You hereby acknowledge receipt of and the
right to receive a document providing the information required by Rule 428(b)(1) promulgated under the Securities Act, which includes
the Plan prospectus. In addition, you hereby acknowledge receipt of the Company’s Code of Conduct and Ethics and Insider
Trading Policy, each, as in effect from time to time, which, among other things, prohibit certain individuals from selling shares
during certain “black-out” periods.

 

18.               
Effect On Other Employee Benefit Plans. The value of this
Option will not be included as compensation, earnings, salaries, or other similar terms used when calculating your benefits under
any employee benefit plan sponsored by the Company or any Affiliate, except as such plan otherwise expressly provides. The Company
expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Affiliate’s employee benefit
plans.

 

19.               
Voting Rights. You will not have voting or any other rights
as a stockholder of the Company with respect to the shares to be issued pursuant to this Option until such shares are issued to
you. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this
Option, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary
relationship between you and the Company or any other person.

 

20.               
Severability. If all or any part of this Agreement or the
Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity will not invalidate
any portion of this Agreement or the Plan not declared to be unlawful or invalid. Any Section of this Agreement (or part of such
a Section) so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms
of such Section or part of a Section to the fullest extent possible while remaining lawful and valid.

 

21.               
Data Privacy. You explicitly and unambiguously consents
to the collection, use, and transfer, in electronic or other form, of personal data as described in Section 20(g) of the Plan
(such Section 20(g) of the Plan is incorporated herein by reference and made a part hereof) by and among, as applicable, the
Company, its Affiliates, third-party administrator(s) and other possible recipients for the exclusive purpose of implementing,
administering, and managing the Plan and Awards and your participation in the Plan. You acknowledge, understand and agree that
Data may be transferred to third parties, which will assist the Company with the implementation, administration and management
of the Plan.

 

     6 

     

    

 

22.               
Miscellaneous. 

 

(a)               
The rights and obligations of the Company under your Option will be transferable to any one or more persons
or entities, and all covenants and agreements hereunder will inure to the benefit of, and be enforceable by the Company’s
successors and assigns.

 

(b)              
You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination
of the Company to carry out the purposes or intent of your Option.

 

(c)               
You acknowledge and agree that you have reviewed your Option in its entirety, have had an opportunity to obtain
the advice of counsel prior to executing and accepting your Option, and fully understand all provisions of your Option.

 

(d)              
This Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental
agencies or national securities exchanges as may be required.

 

(e)               
All obligations of the Company under the Plan and this Agreement will be binding on any successor to the Company,
whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of
all or substantially all of the business and/or assets of the Company.

 

*        *        *

 

This Agreement will be
deemed to be signed by you upon the signing by you of the Stock Option Grant Notice to which it is attached.

 

     7 

     

    

 

Attachment
II

 

Vesting
Schedule

 

1.                  
Vesting.

 

(a)               
General. Your Option will vest on a performance and time basis. The number of shares of Stock subject
to your Option that vests on a performance basis will be determined from the period beginning [Date] and ending [Date] (the “Performance
Period”) in accordance with Section 1(b). The number of shares of Stock subject to your Option that have performance
vested pursuant to Section 1(b) will time vest in accordance with Section 2. Your Option will not be vested as to any portion thereof
unless and until such portion has both performance and time vested in accordance with this Section 1.

 

(b)              
Performance Vesting. Your Option is eligible to performance vest based on the Company’s achievement
as measured against the Organic Revenue Growth Metric set forth below during the Performance Period. The number of shares of Stock
subject to your Option that performance vests will be determined in accordance with this Attachment II and will be determined using
straight line interpolation for performance between performance goals established for the Organic Revenue Growth Metric. Any portion
of your Option that does not performance vest as of the end of the Performance Period will be immediately forfeited.

 

(c)                Organic
Revenue Growth Metric. The Organic Revenue Growth Metric will be used to determine the Company’s Organic Revenue
Growth (as defined below) for the Performance Period as measured against the Company’s adjusted revenue for the [number
of months] month period beginning [Date] and ending [Date] (the “Base Revenue”). The Committee
will determine the Company’s Base Revenue as soon as reasonably practicable following [Date], which determination shall
be final, binding and conclusive. As soon as reasonably practicable after the Performance Period, the Committee will
determine the Company’s revenue for the Performance Period in a manner substantially consistent with the methodology
used to calculate the Base Revenue; provided that revenue from new or acquired business operations will not be taken
into account (such amount of revenue, the “[Date] Revenue”). The Committee’s determination of
the [Date] Revenue will be final, binding and conclusive. The Company’s Organic Revenue Growth will be the percentage
equal to (A-B)/B, where “A” equals the [Date] Revenue and “B” equals the Base Revenue.

 

The percentage of the shares
subject to your Option that will performance vest based on the Organic Revenue Growth Metric is as follows:

 

     8 

     

    

 

	Organic Revenue Growth 	Vesting Percentage
	Organic Revenue Growth below [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 (“Target Level”)
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 

 

 

(d)              
Committee Authority. The Committee will make all determinations and calculations regarding the Organic
Revenue Growth Metric, the applicable performance goal established with respect to the Organic Revenue Growth Metric and the measurement
of the Company’s performance, which determinations will be final, binding and conclusive. The Committee may, but will not
be required to, adjust any of its determination based on acquisitions or dispositions of assets or business units and any other
one-time or extraordinary events.

 

2.                  
Time Vesting. The portion of your Option that performance
vested pursuant to Section 1 will time vest in ratable installments on [Date] of each of [Years] if you are then employed by the
Company.

 

     9 

     

    

 

 

E2open
Parent Holdings, inc.

Performance-Based Restricted Stock Unit Notice

(2021 omnibus INCENTIVE PLAN)

 

E2open Parent Holdings, Inc. (the “Company”),
pursuant to its 2021 Omnibus Incentive Plan (the “Plan”), hereby grants to Participant an Award of Restricted
Stock Units for the number of shares of the Company’s Stock set forth below (the “Award”). The
Award is subject to all of the terms and conditions as set forth in this Restricted Stock Unit Notice (this “Grant
Notice”) and in the RSU Agreement (attached hereto as Attachment I) and the Plan, which has been made available to
you on the Company Intranet, and the Vesting Schedule (attached hereto as Attachment II) both of which are incorporated herein
in their entirety. Capitalized terms not otherwise defined herein but defined in the Plan or the RSU Agreement will have the same
definitions as in the Plan or the RSU Agreement. If there is any conflict between the terms
in this Grant Notice and the Plan, the terms of the Plan will control.

 

	Name of Participant:	

	Date of Grant:	

	Number of Restricted Stock Units:	

 

	 Vesting Schedule:	Attached hereto as Attachment II

 

	Issuance Schedule:	Subject to any adjustment as provided in Section 10(a) of the Plan, one share of Stock will be issued for each Restricted
Stock Unit that vests at the time set forth in Section ‎6 of the RSU Agreement.

 

Additional Terms/Acknowledgements:
Participant acknowledges receipt of, and understands and agrees to, this Grant Notice, the
RSU Agreement and the Plan. Participant acknowledges and agrees that this Grant Notice and the RSU Agreement may not be modified,
amended or revised except as provided in the Plan. Participant further acknowledges that, as of the Date of Grant, this Grant Notice,
the RSU Agreement and the Plan set forth the entire agreement and understanding between Participant and the Company regarding the
acquisition of Stock pursuant to the Award specified above and supersede all prior oral and written agreements, promises and/or
representations on that subject with the exception of (i) Awards previously granted and delivered to the Participant, (ii) the
Company’s Clawback Policy, if applicable, and any other compensation recovery policy that is adopted by the Company or is
otherwise required by applicable law, and (iii) any written employment or severance arrangement that would provide for vesting
acceleration of this Award upon the terms and conditions set forth therein. By accepting this Award, Participant consents to receive
such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained
by the Company or another third party designated by the Company.

 

     

     

    

 

	E2open Parent Holdings,
    Inc.	 	Participant:
    
	 	 	 
	By:	 	 
	 	 	Signature
    
	Signature 	 	 
	 	 	Date:	 
	Title:	 	 
	 	 	 
	Date:	 	 
	 	 	 

 

Attachments:
RSU Agreement and Vesting Schedule

 

    - 2 -

     

    

 

Attachment
I

E2open Parent Holdings, inc.

2021 omnibus INCENTIVE PLAN

 

RSU
Agreement

 

Pursuant to the Restricted
Stock Unit Grant Notice (the “Grant Notice”) and this RSU Agreement (this “Agreement”),
E2open Parent Holdings, Inc. (the “Company”) has granted you an Award of Restricted Stock Units under
its 2021 Omnibus Incentive Plan (the “Plan”) for the number of Restricted Stock Units indicated in the
Grant Notice. Capitalized terms not explicitly defined in this Agreement or in the Grant Notice but defined in the Plan will have
the same definitions as in the Plan.

 

If
there is any conflict between the terms in this Agreement and the Plan, the terms of the Plan will control. The details
of your Award of Restricted Stock Units (this or your “Award”), in addition to those set forth in the
Grant Notice and the Plan, are as follows:

 

1.                  
Grant of the Award. This Award represents the right to be issued
on a future date one (1) share of Stock for each Restricted Stock Unit that vests on the applicable vesting date(s) (subject to
any adjustment under Section ‎3 below) as indicated in the Grant Notice. As of the Date of Grant, the Company will
credit to a bookkeeping account maintained by or on behalf of the Company for your benefit (the “Account”)
the number of Restricted Stock Units subject to the Award. This Award was granted in consideration of your services to the Company.

 

2.                  
Vesting. Subject to the limitations contained herein, your Award
will vest as provided in your Grant Notice. Vesting will cease upon your Termination. Except as set forth in this Section 2, upon
your Termination, the Restricted Stock Units credited to the Account that were not vested pursuant to vesting terms provided in
Attachment II as of the date of such Termination will be forfeited at no cost to the Company and you will have no further right,
title or interest in or to such underlying shares of Stock.

 

(a)              
Involuntary Termination During Performance Period. Upon your Termination (i) by the Company or any of its Affiliates
for a reason other than your death or Disability or for Cause, or (ii) by you for Good Reason (an “Involuntary Termination”)
during the Performance Period (as defined in Attachment II), [___] of your Restricted Stock Units will remain outstanding and eligible
to performance vest in accordance with Attachment II. A pro rata portion of the number of Restricted Stock Units subject to your
Award, if any, that subsequently performance vest pursuant to Attachment II will immediately time vest at the end of the Performance
Period, with such pro rata portion equal to the number of full months you were employed by the Company or any of its Affiliates
between [Date] and [Date] divided by[___].

 

(b)              
Defined Terms. For purposes of this Agreement,

 

(i)                 “Comparable
Employment” means employment on terms which provide (A) the same or greater rate of base salary or target
annual cash bonus as in effect immediately prior to such offer, (B) substantially the same, equivalent or higher job title
and level of responsibility as you had prior to the offer, disregarding any adjustment to your job title or level of
responsibility to reflect your placement within the overall organizational hierarchy due to the Company becoming a business
unit of the Company’s successor or an acquirer in a Change in Control, and (C) a principal work location that is both
(i) no more than fifty (50) miles from your then-current office location and (ii) does not materially increase your
travel time from your then-current residence (other than in connection with any teleworking or other arrangement related to a
public health or safety emergency).

 

    - 1 -

     

    

 

(ii)              “Good
Reason” means the occurrence of any one or more of the following without your written consent: (A) a fifteen
percent (15%) or greater reduction in your then-current base salary or target annual cash bonus (other than a reduction in
your then-current base salary or target annual cash bonus in connection with an across-the-board reduction in base salary or
target annual cash bonus for the Chief Executive Officer and each of his or her direct reports); (B) a material diminution in
your authorities, duties, or responsibilities (other than as a result of the Company ceasing to be a publicly traded
company), or the assignment to you of duties inconsistent with your then-current authorities, duties or responsibilities; or
(C) the Company’s requiring you to be based at an office location that is at least fifty (50) miles from your
then-current office location and that materially increases your travel time from your then-current residence (other than in
connection with any teleworking or other arrangement related to a public health or safety emergency); provided, that
you may not rely on any particular action or event as a basis for terminating your employment due to Good Reason unless you
deliver a notice based on that action or event within thirty (30) days after its occurrence and the Company has failed to
correct the circumstances cited by you as constituting Good Reason within thirty (30) days of receiving such notice, and you
terminate employment within ten (10) days following the Company’s failure to correct. However, no event shall be
considered to constitute Good Reason if you are offered Comparable Employment, determined with respect to your position
without giving effect to the events allegedly constituting Good Reason, by the Company or any Affiliate of the Company,
regardless of whether you accept such offer of employment.

 

(c)              
Involuntary Termination After the Performance Period. Upon your Involuntary Termination after the completion of the
Performance Period, a number of Restricted Stock Units subject to your Award, if any, that previously performance vested pursuant
to Attachment II will immediately time vest equal to the difference between (x) the
product of (A) the aggregate number of Restricted Stock Units subject to your Award, if any, that previously performance
vested, times (B) the number of full months you were employed by the Company or any
of its Affiliates during the period between [start of vesting period] and [end of vesting period] divided by [number of months
in vesting period], and (y) the number of Restricted Stock Units that have vested prior to the date of such Involuntary Termination.

 

(d)              
Effect of a Change in Control. If a Change in Control occurs during the Performance Period, the number of Restricted
Stock Units subject to your Award that would performance vest at Target Level (as defined in Attachment II) of performance will
immediately performance vest and continue to time vest in accordance with Section 2 of Attachment II. Upon your Termination following
a Change in Control due to your death, Disability or Involuntary Termination, the portion of your Restricted Stock Units subject
to your Award that have previously performance vested (including any portion of your Restricted Stock Units subject to your Award
that performance vested as a result of this Section 1(d)) will immediately time vest.

 

    - 2 -

     

    

 

(e)              
 Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, in its sole discretion,
provide for accelerated vesting of the number of Restricted Stock Units subject to your Award at any time and for any reason.

 

3.                  
Number of Shares. The number of Restricted Stock Units subject
to your Award may be adjusted from time to time for capitalization adjustments, as provided in the Plan. Any additional Restricted
Stock Units, shares, cash or other property that becomes subject to the Award pursuant to this Section ‎3, if any,
shall be subject, in a manner determined by the Committee, to the same forfeiture restrictions, restrictions on transferability,
and time and manner of delivery as applicable to the other Restricted Stock Units covered by your Award. Notwithstanding the provisions
of this Section ‎3, no fractional shares or rights for fractional shares of Stock shall be created pursuant to this
Section ‎3. Any fraction of a share will be rounded down to the nearest whole share.

 

4.                  
Securities Law Compliance. You may not be issued any shares of
Stock under your Award unless the shares of Stock underlying the Restricted Stock Units are then registered under the Securities
Act or, if not registered, the Company has determined that such issuance of the shares would be exempt from the registration requirements
of the Securities Act. The issuance of shares of Stock must also comply with all other applicable laws and regulations governing
the Award and the Company’s policies, including without limitation the Company’s Insider Trading Policy, as amended
from time to time, and you shall not receive such Stock if the Company determines that such receipt would not be in material compliance
with such laws, regulations or Company policies, if applicable.

 

5.                  
Transfer Restrictions. Prior to the time that shares of Stock have
been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect
of your Award, except as expressly provided in Section ‎5.‎a. below. For example, you may not use shares
that may be issued in respect of your Restricted Stock Units as security for a loan. The restrictions on transfer set forth herein
will lapse upon delivery to you of shares in respect of your vested Restricted Stock Units.

 

a.                  
Beneficiary Designation. Upon receiving written permission from the Committee or its duly authorized designee,
you may, by delivering written notice to the Company, in a form approved by the Company, designate a third party who, on your death,
will thereafter be entitled to receive the shares issuable in respect of your Award. In the absence of such a designation, your
executor or administrator of your estate will be entitled to receive any Stock or other consideration that vested but was not issued
before your death.

 

6.                  
Date of Issuance.

 

a.                  
The issuance of shares in respect of the Restricted Stock Units is intended to comply with Treasury Regulation Section
1.409A-1(b)(4) and will be construed and administered in such a manner. In the event one or more Restricted Stock Units vests,
the Company shall issue to you one (1) share of Stock for each Restricted Stock Unit that vests as soon as practicable following
the applicable vesting date(s) (subject to any adjustment under Section ‎3
above) and in any event within thirty (30) days following the vesting date.

 

    - 3 -

     

    

 

b.                  
 The form of delivery (e.g., a stock certificate or electronic entry evidencing such shares) shall be determined
by the Company.

 

7.                  
Dividends. You shall receive no benefit or adjustment to your Award
with respect to any cash dividend, stock dividend or other distribution that does not result from the adjustment provided in Section
10(a) of the Plan.

 

8.                  
Restrictive Legends. The shares of Stock issued under your Award
shall be endorsed with appropriate legends, if applicable, as determined by the Company.

 

9.                  
Award Not a Service Contract. This Agreement is not an employment
or service contract, and nothing in this Agreement will be deemed to create in any way whatsoever any obligation on your part to
continue in the employ or service of the Company or an Affiliate, or of the Company or an Affiliate to continue your employment
or service.

 

10.               
Withholding Obligations.

 

a.                  
On or before the time you receive a distribution of the shares of Stock underlying your Award, and at any other time
as reasonably requested by the Company in accordance with applicable tax laws, you hereby authorize any required withholding from
the shares of Stock issuable to you and/or otherwise agree to make adequate provision in cash for any sums required to satisfy
the federal, state, local and foreign tax withholding obligations of the Company or any Affiliate that arise in connection with
your Award (the “Withholding Taxes”). Additionally, the Company or any Affiliate may, in its sole discretion,
satisfy all or any portion of the Withholding Taxes obligation relating to your Award by any of the following means or by a combination
of such means: (i) withholding from any compensation otherwise payable to you by the Company; (ii) causing you to tender
a cash payment; (iii) permitting or requiring you to enter into a “same day sale” commitment, whereby Withholding
Taxes may be satisfied with a portion of the shares of Stock to be delivered in connection with your Restricted Stock Units by
delivery of an irrevocable direction to a securities broker (on a form prescribed by the Committee) to sell a portion of the shares
of Stock and to deliver all or part of the sale proceeds to the Company and/or its Affiliates in payment of the amount necessary
to satisfy the Withholding Taxes obligation; (iv) withholding shares of Stock from the shares of Stock issued or otherwise issuable
to you in connection with the Award with a Fair Market Value (measured as of the date shares of Stock are issued to pursuant to
Section ‎6) equal to the amount of such Withholding Taxes; provided, that to the extent necessary to qualify
for an exemption from application of Section 16(b) of the Exchange Act, if applicable, such share withholding procedure will
be subject to the express prior approval of the Committee; or (v) such other arrangements as are satisfactory to the Committee.

 

b.                  
Unless the tax withholding obligations of the Company and/or any Affiliate are satisfied, the Company shall have no
obligation to deliver to you any shares of Stock.

 

c.                   
In the event the Company’s obligation to withhold arises prior to the delivery to you of shares of Stock or it
is determined after the delivery of shares of Stock to you that the amount of the Company’s withholding obligations was greater
than the amount withheld by the Company, you agree to indemnify and hold the Company harmless from any failure by the Company to
withhold the proper amount.

 

    - 4 -

     

    

 

11.               
 Tax Consequences. You hereby agree that the Company does not have
a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You
will not make any claim against the Company, or any of its officers, directors, employees or Affiliates related to tax liabilities
arising from your Award or your other compensation.

 

12.               
Notices. Any notices provided for in your Award or the Plan will
be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the case of notices delivered
by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the
last address you provided to the Company. The Company may, in its sole discretion, decide to deliver any documents related to participation
in the Plan and this Award by electronic means or to request your consent to participate in the Plan by electronic means. By accepting
this Award, you consent to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic
system established and maintained by the Company or another third party designated by the Company.

 

13.               
Unsecured Obligation. Your Award is unfunded, and as a holder of
a vested Award, you shall be considered a general, unsecured creditor of the Company with respect to the Company’s obligation,
if any, to issue shares or other property pursuant to this Agreement.

 

14.               
Governing Plan Document. Your Award is subject to all the provisions
of the Plan, the provisions of which are hereby made a part of your Award, and is further subject to all interpretations, amendments,
rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan. If there is any conflict between
the provisions of your Award and those of the Plan, the provisions of the Plan will control. This
Agreement shall be governed by and construed in accordance with the laws of the State of delaware. Any dispute, controversy or
claim between You and the Company arising out of or related to this Agreement shall be resolved by arbitration in accordance with
THE PROVISIONS RELATING TO ARBITRATION SET FORTH IN THe PLAN.

 

15.               
Clawback/Recoupment Policy.
 Your Award (and any compensation paid or shares issued under your Award) is subject to recoupment in accordance with
the Company’s Clawback Policy, , if applicable, The Dodd-Frank Wall Street Reform and Consumer Protection Act and any implementing
regulations thereunder, any other clawback policy adopted by the Company and any compensation recovery policy otherwise required
by applicable law.

 

16.               
Other Documents. You hereby acknowledge receipt of and the right
to receive a document providing the information required by Rule 428(b)(1) promulgated under the Securities Act, which includes
the Plan prospectus. In addition, you hereby acknowledge receipt of the Company’s Code of Conduct and Ethics and Insider
Trading Policy, each, as in effect from time to time, which, among other things, prohibit certain individuals from selling shares
during certain “black-out” periods.

 

17.                Effect
on Other Employee Benefit Plans. The value of this Award will not be included as compensation, earnings, salaries,
or other similar terms used when calculating your benefits under any employee benefit plan sponsored by the Company or any
Affiliate, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or
terminate any of the Company’s or any Affiliate’s employee benefit plans.

 

    - 5 -

     

    

 

18.               
Voting Rights. You will not have voting or any other rights as
a stockholder of the Company with respect to the shares of Stock to be issued pursuant to this Award until such shares are issued
to you. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in
this Award, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary
relationship between you and the Company or any other person.

 

19.               
Severability. If all or any part of this Agreement or the Plan
is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity will not invalidate
any portion of this Agreement or the Plan not declared to be unlawful or invalid. Any Section of this Agreement (or part of such
a Section) so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms
of such Section or part of a Section to the fullest extent possible while remaining lawful and valid.

 

20.               
Data Privacy. You explicitly and unambiguously consents to the
collection, use, and transfer, in electronic or other form, of personal data as described in Section 20(g) of the Plan (such
Section 20(g) of the Plan is incorporated herein by reference and made a part hereof) by and among, as applicable, the Company,
its Affiliates, third-party administrator(s) and other possible recipients for the exclusive purpose of implementing, administering,
and managing the Plan and Awards and your participation in the Plan. You acknowledges, understands and agrees that Data may be
transferred to third parties, which will assist the Company with the implementation, administration and management of the Plan.

 

21.               
Miscellaneous.

 

a.                  
The rights and obligations of the Company under your Award will be transferable to any one or more persons or entities,
and all covenants and agreements hereunder will inure to the benefit of, and be enforceable by, the Company’s successors
and assigns.

 

b.                  
You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination
of the Company to carry out the purposes or intent of your Award.

 

c.                   
You acknowledge and agree that you have reviewed your Award in its entirety, have had an opportunity to obtain the advice
of counsel prior to executing and accepting your Award and fully understand all provisions of your Award.

 

d.                  
This Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental
agencies or national securities exchanges as may be required.

 

e.                   
All obligations of the Company under the Plan and this Agreement will be binding on any successor to the Company, whether
the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or
substantially all of the business and/or assets of the Company.

 

    - 6 -

     

    

 

*        *        *

 

This RSU Agreement
will be deemed to be signed by you upon the signing by you of the Restricted Stock Unit Grant Notice to which it is attached.

 

    - 7 -

     

    

 

Attachment
II

 

Vesting
Schedule

 

1.                 
Vesting.

 

(a)              
General. Your Award will vest on a performance and time basis. The number of Restricted Stock Units subject to your
Award that vests on a performance basis will be determined from the period beginning [Date] and ending [Date] (the “Performance
Period”) in accordance with Section 1(b). The number of Restricted Stock Units subject to your Award that have performance
vested pursuant to Section 1(b) will time vest in accordance with Section 2. Your Award will not be vested as to any portion thereof
unless and until such portion has both performance and time vested in accordance with this Section 1.

 

(b)              
Performance Vesting. Your Award is eligible to performance vest based on the Company’s achievement as measured
against the Organic Revenue Growth Metric set forth below during the Performance Period. The number of Restricted Stock Units subject
to your Award that performance vests will be determined in accordance with this Attachment II and will be determined using straight
line interpolation for performance between performance goals established for the Organic Revenue Growth Metric. Any portion of
your Award that does not performance vest as of the end of the Performance Period will be immediately forfeited.

 

(c)               Organic
Revenue Growth Metric. The Organic Revenue Growth Metric will be used to determine the Company’s Organic Revenue
Growth (as defined below) for the Performance Period as measured against the Company’s adjusted revenue for the [number
of months] month period beginning [Date] ending [Date] (the “Base Revenue”). The Committee will
determine the Company’s Base Revenue as soon as reasonably practicable following [Date], which determination shall be
final, binding and conclusive. As soon as reasonably practicable after the Performance Period, the Committee will determine
the Company’s revenue for the Performance Period in a manner substantially consistent with the methodology used to
calculate the Base Revenue; provided that revenue from new or acquired business operations will not be taken into
account (such amount of revenue, the “[Date] Revenue”). The Committee’s determination of the
[Date] Revenue will be final, binding and conclusive. The Company’s Organic Revenue Growth will be the percentage equal
to (A-B)/B, where “A” equals the [Date] Revenue and “B” equals the Base Revenue.

 

The percentage of the Restricted
Stock Units subject to your Award that will performance vest based on the Organic Revenue Growth Metric is as follows:

 

     

     

    

 

	Organic Revenue Growth 	Vesting Percentage
	Organic Revenue Growth below [__]%	 
	Organic Revenue Growth equal to [__] %	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 (“Target Level”)
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 
	Organic Revenue Growth equal to [__]%	 

 

 

(d)              
Committee Authority. The Committee will make all determinations and calculations regarding the Organic Revenue Growth
Metric, the applicable performance goal established with respect to the Organic Revenue Growth Metric and the measurement of the
Company’s performance, which determinations will be final, binding and conclusive. The Committee may, but will not be required
to, adjust any of its determination based on acquisitions or dispositions of assets or business units and any other one-time or
extraordinary events.

 

2.                 
Time Vesting. The portion of your Award that performance vested pursuant
to Section 1 will time vest in ratable installments on [Date] of each of [Years] if you are then employed by the Company.

 

     

     

    

 

 

 

 

 

E2open
Parent Holdings, inc.

Restricted Stock Unit Notice

(2021 omnibus INCENTIVE PLAN)

 

E2open Parent Holdings, Inc. (the “Company”),
pursuant to its 2021 Omnibus Incentive Plan (the “Plan”), hereby grants to Participant an Award of Restricted
Stock Units for the number of shares of the Company’s Stock set forth below (the “Award”). The
Award is subject to all of the terms and conditions as set forth in this Restricted Stock Unit Notice (this “Grant
Notice”) and in the RSU Agreement (attached hereto as Attachment I) and the Plan, which has been made available to
you on the Company Intranet, both of which are incorporated herein in their entirety. Capitalized terms not otherwise defined herein
but defined in the Plan or the RSU Agreement will have the same definitions as in the Plan or the RSU Agreement. If
there is any conflict between the terms in this Grant Notice and the Plan, the terms of the Plan will control.

 

	Name of Participant:	 
	Date of Grant:	 
	Number of Restricted Stock Units:	 

 

	Vesting Schedule:	[Vesting schedule to be added]

 

	Issuance Schedule:	Subject to any adjustment as provided in Section 10(a) of the Plan, one share of Stock will be issued for each Restricted Stock
Unit that vests at the time set forth in Section ‎6 of the RSU Agreement.

 

Additional Terms/Acknowledgements:
Participant acknowledges receipt of, and understands and agrees to, this Grant Notice, the
RSU Agreement and the Plan. Participant acknowledges and agrees that this Grant Notice and the RSU Agreement may not be modified,
amended or revised except as provided in the Plan. Participant further acknowledges that, as of the Date of Grant, this Grant Notice,
the RSU Agreement and the Plan set forth the entire agreement and understanding between Participant and the Company regarding the
acquisition of Stock pursuant to the Award specified above and supersede all prior oral and written agreements, promises and/or
representations on that subject with the exception of (i) Awards previously granted and delivered to the Participant, (ii) the
Company’s Clawback Policy, if applicable, and any other compensation recovery policy that is adopted by the Company or is
otherwise required by applicable law, and (iii) any written employment or severance arrangement that would provide for vesting
acceleration of this Award upon the terms and conditions set forth therein. By accepting this Award, Participant consents to receive
such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained
by the Company or another third party designated by the Company.

 

     

     

    

 

	E2open Parent Holdings, Inc.	 	Participant:

 

	By:	 	 
	 	 	 
	Signature	 	Signature

 

	Title:	 	Date:	 
	 	 	 

 

	Date:	 
	 	 

 

Attachments:
RSU Agreement

 

    - 2 -

     

    

 

Attachment
I

E2open Parent Holdings, inc.

2021 omnibus INCENTIVE PLAN

 

RSU
Agreement

 

Pursuant to the Restricted
Stock Unit Grant Notice (the “Grant Notice”) and this RSU Agreement (this “Agreement”),
E2open Parent Holdings, Inc. (the “Company”) has granted you an Award of Restricted Stock Units under
its 2021 Omnibus Incentive Plan (the “Plan”) for the number of Restricted Stock Units indicated in the
Grant Notice. Capitalized terms not explicitly defined in this Agreement or in the Grant Notice but defined in the Plan will have
the same definitions as in the Plan.

 

If
there is any conflict between the terms in this Agreement and the Plan, the terms of the Plan will control. The details
of your Award of Restricted Stock Units (this or your “Award”), in addition to those set forth in the
Grant Notice and the Plan, are as follows:

 

1.                  
Grant of the Award. This Award represents the right to be issued
on a future date one (1) share of Stock for each Restricted Stock Unit that vests on the applicable vesting date(s) (subject to
any adjustment under Section ‎3 below) as indicated in the Grant Notice. As of the Date of Grant, the Company will
credit to a bookkeeping account maintained by or on behalf of the Company for your benefit (the “Account”)
the number of Restricted Stock Units subject to the Award. This Award was granted in consideration of your services to the Company.

 

2.                  
Vesting. Subject to the limitations contained herein, your Award
will vest as provided in your Grant Notice. Vesting will cease upon your Termination. Except as set forth in this Section 2, upon
your Termination, the Restricted Stock Units credited to the Account that were not vested on the date of such Termination will
be forfeited at no cost to the Company and you will have no further right, title or interest in or to such underlying shares of
Stock.

 

(a)              
Involuntary Termination. Upon your Termination (i) by the Company or any of its Affiliates for a reason other than
your death or Disability or for Cause, or (ii) by you for Good Reason (an “Involuntary Termination”),
you will immediately vest in a number of Restricted Stock Units subject to your Award equal to the difference between (x) the
product of (A) the aggregate number of Restricted Stock Units subject to your Award on the Date of Grant, times (B) the
number of full months you were employed by the Company or any of its Affiliates between [start of vesting period] and [end of vesting
period] divided by [number of months in vesting period], and (y) the number of Restricted Stock Units that have vested prior
to the date of such Involuntary Termination.

 

(b)              
Defined Terms. For purposes of this Agreement,

 

(i)                 “Comparable
Employment” means employment on terms which provide (A) the same or greater rate of base salary or target
annual cash bonus as in effect immediately prior to such offer, (B) substantially the same, equivalent or higher job title
and level of responsibility as you had prior to the offer, disregarding any adjustment to your job title or level of
responsibility to reflect your placement within the overall organizational hierarchy due to the Company becoming a business
unit of the Company’s successor or an acquirer in a Change in Control, and (C) a principal work location that is both
(i) no more than fifty (50) miles from your then-current office location and (ii) does not materially increase your
travel time from your then-current residence (other than in connection with any teleworking or other arrangement related to a
public health or safety emergency).

 

    1 

     

    

 

(ii)              “Good
Reason” means the occurrence of any one or more of the following without your written consent: (A) a fifteen
percent (15%) or greater reduction in your then-current base salary or target annual cash bonus (other than a reduction in
your then-current base salary or target annual cash bonus in connection with an across-the-board reduction in base salary or
target annual cash bonus for the Chief Executive Officer and each of his or her direct reports); (B) a material diminution in
your authorities, duties, or responsibilities (other than as a result of the Company ceasing to be a publicly traded
company), or the assignment to you of duties inconsistent with your then-current authorities, duties or responsibilities; or
(C) the Company’s requiring you to be based at an office location that is at least fifty (50) miles from your
then-current office location and that materially increases your travel time from your then-current residence (other than in
connection with any teleworking or other arrangement related to a public health or safety emergency); provided, that
you may not rely on any particular action or event as a basis for terminating your employment due to Good Reason unless you
deliver a notice based on that action or event within thirty (30) days after its occurrence and the Company has failed to
correct the circumstances cited by you as constituting Good Reason within thirty (30) days of receiving such notice, and you
terminate employment within ten (10) days following the Company’s failure to correct. However, no event shall be
considered to constitute Good Reason if you are offered Comparable Employment, determined with respect to your position
without giving effect to the events allegedly constituting Good Reason, by the Company or any Affiliate of the Company,
regardless of whether you accept such offer of employment.

 

(c)              
Termination Due to Death or Disability. Upon your Termination by the Company or any of its Affiliates due to your
death or Disability, the number of Restricted Stock Units subject to your Award that remain outstanding will immediately vest.

 

(d)              
Effect of a Change in Control. Upon your Termination following a Change in Control due to your death, Disability
or Involuntary Termination, the number of Restricted Stock Units subject to your Award that remain outstanding will immediately
vest.

 

(e)              
Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, in its sole discretion,
provide for accelerated vesting of the number of Restricted Stock Units subject to your Award at any time and for any reason.

 

3.                   Number
of Shares. The number of Restricted Stock Units subject to your Award may be adjusted from time to time for
capitalization adjustments, as provided in the Plan. Any additional Restricted Stock Units, shares, cash or other property
that becomes subject to the Award pursuant to this Section ‎3, if any, shall be subject, in a manner determined
by the Committee, to the same forfeiture restrictions, restrictions on transferability, and time and manner of delivery as
applicable to the other Restricted Stock Units covered by your Award. Notwithstanding the provisions of this Section ‎3,
no fractional shares or rights for fractional shares of Stock shall be created pursuant to this Section ‎3. Any
fraction of a share will be rounded down to the nearest whole share.

 

    2 

     

    

 

4.                  
Securities Law Compliance. You may not be issued any shares of
Stock under your Award unless the shares of Stock underlying the Restricted Stock Units are then registered under the Securities
Act or, if not registered, the Company has determined that such issuance of the shares would be exempt from the registration requirements
of the Securities Act. The issuance of shares of Stock must also comply with all other applicable laws and regulations governing
the Award and the Company’s policies, including without limitation the Company’s Insider Trading Policy, as amended
from time to time, and you shall not receive such Stock if the Company determines that such receipt would not be in material compliance
with such laws, regulations or Company policies, if applicable.

 

5.                  
Transfer Restrictions. Prior to the time that shares of Stock have
been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect
of your Award, except as expressly provided in Section ‎5.‎a. below. For example, you may not use shares
that may be issued in respect of your Restricted Stock Units as security for a loan. The restrictions on transfer set forth herein
will lapse upon delivery to you of shares in respect of your vested Restricted Stock Units.

 

a.                  
Beneficiary Designation. Upon receiving written permission from the Committee or its duly authorized designee,
you may, by delivering written notice to the Company, in a form approved by the Company, designate a third party who, on your death,
will thereafter be entitled to receive the shares issuable in respect of your Award. In the absence of such a designation, your
executor or administrator of your estate will be entitled to receive any Stock or other consideration that vested but was not issued
before your death.

 

6.                  
Date of Issuance.

 

a.                  
The issuance of shares in respect of the Restricted Stock Units is intended to comply with Treasury Regulation Section
1.409A-1(b)(4) and will be construed and administered in such a manner. In the event one or more Restricted Stock Units vests,
the Company shall issue to you one (1) share of Stock for each Restricted Stock Unit that vests as soon as practicable following
the applicable vesting date(s) (subject to any adjustment under Section ‎3
above) and in any event within thirty (30) days following the vesting date.

 

b.                  
The form of delivery (e.g., a stock certificate or electronic entry evidencing such shares) shall be determined
by the Company.

 

7.                  
Dividends. You shall receive no benefit or adjustment to your Award
with respect to any cash dividend, stock dividend or other distribution that does not result from the adjustment provided in Section
10(a) of the Plan.

 

8.                   
Restrictive Legends. The shares of Stock issued under your Award
shall be endorsed with appropriate legends, if applicable, as determined by the Company.

 

9.                   Award
Not a Service Contract. This Agreement is not an employment or service contract, and nothing in this Agreement
will be deemed to create in any way whatsoever any obligation on your part to continue in the employ or service of the
Company or an Affiliate, or of the Company or an Affiliate to continue your employment or service.

 

    3 

     

    

 

10.               
Withholding Obligations.

 

a.                  
On or before the time you receive a distribution of the shares of Stock underlying your Award, and at any other time
as reasonably requested by the Company in accordance with applicable tax laws, you hereby authorize any required withholding from
the shares of Stock issuable to you and/or otherwise agree to make adequate provision in cash for any sums required to satisfy
the federal, state, local and foreign tax withholding obligations of the Company or any Affiliate that arise in connection with
your Award (the “Withholding Taxes”). Additionally, the Company or any Affiliate may, in its sole discretion,
satisfy all or any portion of the Withholding Taxes obligation relating to your Award by any of the following means or by a combination
of such means: (i) withholding from any compensation otherwise payable to you by the Company; (ii) causing you to tender
a cash payment; (iii) permitting or requiring you to enter into a “same day sale” commitment, whereby Withholding
Taxes may be satisfied with a portion of the shares of Stock to be delivered in connection with your Restricted Stock Units by
delivery of an irrevocable direction to a securities broker (on a form prescribed by the Committee) to sell a portion of the shares
of Stock and to deliver all or part of the sale proceeds to the Company and/or its Affiliates in payment of the amount necessary
to satisfy the Withholding Taxes obligation; (iv) withholding shares of Stock from the shares of Stock issued or otherwise issuable
to you in connection with the Award with a Fair Market Value (measured as of the date shares of Stock are issued to pursuant to
Section ‎6) equal to the amount of such Withholding Taxes; provided, that to the extent necessary to qualify
for an exemption from application of Section 16(b) of the Exchange Act, if applicable, such share withholding procedure will
be subject to the express prior approval of the Committee; or (v) such other arrangements as are satisfactory to the Committee.

 

b.                  
Unless the tax withholding obligations of the Company and/or any Affiliate are satisfied, the Company shall have no
obligation to deliver to you any shares of Stock.

 

c.                   
In the event the Company’s obligation to withhold arises prior to the delivery to you of shares of Stock or it
is determined after the delivery of shares of Stock to you that the amount of the Company’s withholding obligations was greater
than the amount withheld by the Company, you agree to indemnify and hold the Company harmless from any failure by the Company to
withhold the proper amount.

 

11.               
Tax Consequences. You hereby agree that the Company does not have
a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You
will not make any claim against the Company, or any of its officers, directors, employees or Affiliates related to tax liabilities
arising from your Award or your other compensation.

 

12.                Notices.
Any notices provided for in your Award or the Plan will be given in writing (including electronically) and will be deemed
effectively given upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after
deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. The
Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this Award by
electronic means or to request your consent to participate in the Plan by electronic means. By accepting this Award, you
consent to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic
system established and maintained by the Company or another third party designated by the Company.

 

    4 

     

    

 

13.               
Unsecured Obligation. Your Award is unfunded, and as a holder of
a vested Award, you shall be considered a general, unsecured creditor of the Company with respect to the Company’s obligation,
if any, to issue shares or other property pursuant to this Agreement.

 

14.               
Governing Plan Document. Your Award is subject to all the provisions
of the Plan, the provisions of which are hereby made a part of your Award, and is further subject to all interpretations, amendments,
rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan. If there is any conflict between
the provisions of your Award and those of the Plan, the provisions of the Plan will control. This
Agreement shall be governed by and construed in accordance with the laws of the State of delaware. Any dispute, controversy or
claim between YOU and the Company arising out of or related to this Agreement shall be resolved by arbitration in accordance with
THE PROVISIONS RELATING TO ARBITRATION SET FORTH IN THe PLAN.

 

15.               
Clawback/Recoupment Policy.
 Your Award (and any compensation paid or shares issued under your Award) is subject to recoupment in accordance with
the Company’s Clawback Policy, , if applicable, The Dodd-Frank Wall Street Reform and Consumer Protection Act and any implementing
regulations thereunder, any other clawback policy adopted by the Company and any compensation recovery policy otherwise required
by applicable law.

 

16.               
Other Documents. You hereby acknowledge receipt of and the right
to receive a document providing the information required by Rule 428(b)(1) promulgated under the Securities Act, which includes
the Plan prospectus. In addition, you hereby acknowledge receipt of the Company’s Code of Conduct and Ethics and Insider
Trading Policy, each, as in effect from time to time, which, among other things, prohibit certain individuals from selling shares
during certain “black-out” periods.

 

17.                
Effect on Other Employee Benefit Plans. The value of this Award
will not be included as compensation, earnings, salaries, or other similar terms used when calculating your benefits under any
employee benefit plan sponsored by the Company or any Affiliate, except as such plan otherwise expressly provides. The Company
expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Affiliate’s employee benefit
plans.

 

18.               
Voting Rights. You will not have voting or any other rights as
a stockholder of the Company with respect to the shares of Stock to be issued pursuant to this Award until such shares are issued
to you. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in
this Award, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary
relationship between you and the Company or any other person.

 

    5 

     

    

 

19.               
 Severability. If all or any part of this Agreement or the Plan
is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity will not invalidate
any portion of this Agreement or the Plan not declared to be unlawful or invalid. Any Section of this Agreement (or part of such
a Section) so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms
of such Section or part of a Section to the fullest extent possible while remaining lawful and valid.

 

20.              
Data Privacy. You explicitly and unambiguously consents to the
collection, use, and transfer, in electronic or other form, of personal data as described in Section 20(g) of the Plan (such
Section 20(g) of the Plan is incorporated herein by reference and made a part hereof) by and among, as applicable, the Company,
its Affiliates, third-party administrator(s) and other possible recipients for the exclusive purpose of implementing, administering,
and managing the Plan and Awards and your participation in the Plan. You acknowledges, understands and agrees that Data may be
transferred to third parties, which will assist the Company with the implementation, administration and management of the Plan.

 

21.               
Miscellaneous.

 

a.                  
The rights and obligations of the Company under your Award will be transferable to any one or more persons or entities,
and all covenants and agreements hereunder will inure to the benefit of, and be enforceable by, the Company’s successors
and assigns.

 

b.                  
You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination
of the Company to carry out the purposes or intent of your Award.

 

c.                   
You acknowledge and agree that you have reviewed your Award in its entirety, have had an opportunity to obtain the advice
of counsel prior to executing and accepting your Award and fully understand all provisions of your Award.

 

d.                  
This Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental
agencies or national securities exchanges as may be required.

 

e.                   All
obligations of the Company under the Plan and this Agreement will be binding on any successor to the Company, whether the existence
of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially
all of the business and/or assets of the Company.

 

*        *        *

 

This RSU Agreement
will be deemed to be signed by you upon the signing by you of the Restricted Stock Unit Grant Notice to which it is attached.

 

    6

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