oii-20260706

Exhibit 10.1

Execution Version

AGREEMENT AND AMENDMENT NO. 2

TO CREDIT AGREEMENT

This AGREEMENT AND AMENDMENT NO. 2 TO CREDIT AGREEMENT (this

“Agreement”) entered into and dated as of July 6, 2026 is among Oceaneering International, Inc., a

Delaware corporation (the “Borrower”), the subsidiaries of the Borrower party hereto (each a “Guarantor”

and collectively, the “Guarantors”), Wells Fargo Bank, National Association (“Wells Fargo”), as

resigning administrative agent (in such capacity, the “Resigning Agent”), the Lenders party hereto and

JPMorgan Chase Bank, N.A., as successor administrative agent (in such capacity, the “New

Administrative Agent”).

RECITALS

A.The Borrower, the Resigning Agent, and the financial institutions party thereto as

Lenders as of immediately prior to the Amendment Effective Date (as defined below) (such lenders, the

“Existing Lenders”), are parties to that certain Credit Agreement dated as of April 8, 2022 (as amended

by the Agreement and Amendment No. 1 to Credit Agreement, dated as of September 20, 2023, the

“Existing Credit Agreement” and the Existing Credit Agreement, as amended by this Agreement and as

otherwise amended, restated, amended and restated, supplemented or otherwise modified from time to

time, the “Credit Agreement”).

B.Concurrently herewith, the Resigning Agent and the New Administrative Agent will

enter into a Successor Agent and Assignment Agreement (the “Agency Assignment Agreement”), and the

Borrower and the Existing Lenders party hereto other than Wells Fargo (the “Continuing Lenders”) have

agreed, effective as of the Amendment Effective Date, to accept the appointment of the New

Administrative Agent as successor administrative agent for the Resigning Agent in accordance with the

terms of this Agreement and the Agency Assignment Agreement.

C.Wells Fargo has determined to exit the Credit Agreement as a Lender and Standard Bank

of South Africa Limited (the “New Lender”) has agreed to become a Lender under the Credit Agreement

for all purposes thereof and to provide Commitments thereunder as of the Amendment Effective Date.

D.In addition to the appointment and acceptance of the New Administrative Agent and the

joinder of the New Lender as a Lender under the Credit Agreement (the “New Lender Joinder”), the

Borrower, the New Administrative Agent and the Continuing Lenders have agreed, immediately prior to

giving effect to the New Lender Joinder on the Amendment Effective Date, to extend the Scheduled

Maturity Date of all Continuing Lenders and make certain other amendments to the Existing Credit

Agreement, the Guaranty Agreement and the Security Agreement, all as provided herein.

NOW THEREFORE, in consideration of the premises and the mutual covenants, representations

and warranties contained herein, and for other good and valuable consideration, the receipt and

sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

Section 1.Defined Terms. As used in this Agreement, each of the terms defined in the

opening paragraph and the Recitals above shall have the meanings assigned to such terms therein. Each

term defined in the Credit Agreement and used herein without definition shall have the meaning assigned

to such term in the Credit Agreement, unless expressly provided to the contrary.

Section 2.Other Definitional Provisions. 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 any definition of or reference to any agreement, instrument or other document herein

shall be construed as referring to such agreement, instrument or other document as from time to time

amended, supplemented or otherwise modified (subject to any restrictions on such amendments,

supplements or modifications set forth herein), any reference herein to any Person shall be construed to

include such Person’s successors and assigns, 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, 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, any reference to any law

or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended,

modified or supplemented from time to time, 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, the term “documents” includes any and all

instruments, documents, agreements, certificates, notices, reports, financial statements, and other writings,

however evidenced, whether in physical or electronic form, in the computation of periods of time from a

specified date to a later specified date, the word “from” means “from and including;” the words “to” and

“until” each mean “to but excluding;” and the word “through” means “to and including”, and the word

“or” is not exclusive unless expressly provided for otherwise. Titles and captions of Articles, Sections and

subsections in this Agreement are for convenience only and neither limit nor amplify the provisions of

this Agreement. Unless the context otherwise requires, each reference to a “Lender” herein shall be

deemed to refer to such Lender both in its capacity as a Lender and an Issuing Lender under the Credit

Agreement.

Section 3.Certain Agreements and Amendments to Loan Documents. Effective as of

the Amendment Effective Date:

(a)The Continuing Lenders (which constitute at least the Required Lenders), following

consultation with the Borrower, do hereby accept the appointment of the New Administrative Agent as

the successor for the Resigning Agent and agree that the New Administrative Agent shall succeed the

Resigning Agent as Administrative Agent under the Credit Agreement for all purposes thereof and of the

other Loan Documents, as more fully set forth in the Agency Assignment Agreement.

(b)The Existing Credit Agreement is amended as follows:

(i)the Existing Credit Agreement (other than the Exhibits and Schedules thereto

unless otherwise expressly set forth in this Section 3) is amended to read as set

forth in Annex A attached hereto;

(ii)Schedule 1.1(a) (Commitments; Commitment Percentages; Scheduled Maturity

Dates) and Schedule 1.1(b) (Obligations of Initial Issuing Lenders) to the

Existing Credit Agreement are replaced in their entirety with Schedule 1.1(a) and

Schedule 1.1(b) attached hereto, respectively; and

(iii)each reference to the Resigning Agent contained in any Exhibit to the Credit

Agreement or the other Loan Documents is hereby deemed to be a reference to

the New Administrative Agent, with the notice address set forth in Section 11.1

of the Credit Agreement.

(c)Each of the following sections of the Guaranty Agreement is hereby amended to delete

the stricken text (indicated textually in the same manner as the following example: stricken text) and to

add the double-underlined text (indicated textually in the same manner as the following example: double-

underlined text) as set forth below:

(i)Section 2(a) of the Guaranty Agreement is amended as follows:

(a) (i) Each Guarantor (other than the Borrower) hereby absolutely,

unconditionally, and irrevocably guarantees, as primary obligor and not merely

as surety, the full and punctual payment and performance, when due, whether at

stated maturity, by acceleration or otherwise, of all Secured Obligations, and (ii)

the Borrower hereby absolutely, unconditionally, and irrevocably guarantees the

full and punctual payment and performance, when due, whether at stated

maturity, by acceleration or otherwise of all its Subsidiaries’ Secured Hedge

Obligations and, Secured Bilateral LC Obligations, Secured Supply Chain

Financing Obligations and Secured Cash Management Obligations, in each case

under the foregoing clauses (i) and (ii), whether absolute or contingent and

whether for principal, interest (including, without limitation, interest that but for

the existence of a bankruptcy, reorganization, or similar proceeding would

accrue), fees, amounts owing in respect of L/C Obligations (if applicable),

amounts required to be provided as collateral, indemnities, expenses, or

otherwise (collectively, the “Guaranteed Obligations”). Without limiting the

generality of the foregoing, each Guarantor’s liability shall extend to all amounts

that constitute part of the Guaranteed Obligations and would be owed by: (i) any

Credit Party to the Administrative Agent or any other Secured Party under the

Loan Documents, (ii) any Credit Party or any of its Subsidiaries to any holder of

Secured Hedge Obligations under any Secured Hedge Agreements, and (iii) any

Credit Party to any holder of Secured Bilateral LC Obligations under any

Secured Bilateral LC Documents, (iv) any Credit Party or any of its Subsidiaries

to any holder of Secured Supply Chain Financing Obligations under any Supply

Chain Financing Agreement, and (v) any Credit Party or any of its Subsidiaries to

any holder of Secured Cash Management Obligations under any Cash

Management Agreement, in any event, but for the fact that they are

unenforceable or not allowable due to insolvency or the existence of a

bankruptcy, reorganization, or similar proceeding involving such Credit Party.

Notwithstanding the foregoing, the Guaranteed Obligations shall not include any

Excluded Swap Obligations.

(ii)The first paragraph of Section 3 of the Guaranty Agreement is amended as

follows:

Section 3.Guaranty Absolute. Each Guarantor guarantees that the

Guaranteed Obligations will be paid strictly in accordance with the terms of the

Loan Documents, any Secured Hedge Agreements, and any Secured Bilateral LC

Documents (together with the Loan Documents and Secured Hedge, any Supply

Chain Financing Agreement and any Cash Management Agreements

(collectively, the “Guaranteed Documents”), regardless of any Applicable Law

now or hereafter in effect in any jurisdiction affecting any of such terms or the

rights of any Secured Party with respect thereto but subject to Section 2(b) above.

The obligations of each Guarantor under this Guaranty are independent of the

Guaranteed Obligations or any other obligations of any other Person under the

Guaranteed Documents, and a separate action or actions may be brought and

prosecuted against any Guarantor to enforce this Guaranty, irrespective of

whether any action is brought against the Borrower, any other Guarantor, or any

other Person, or whether the Borrower, any other Guarantor, or any other Person

is joined in any such action or actions. The liability of each Guarantor under this

Guaranty shall be irrevocable, absolute, and unconditional irrespective of, and

each Guarantor hereby irrevocably and unconditionally waives to the fullest

extent not prohibited by Applicable Law any defenses it may now or hereafter

have in any way relating to any or all of the following:

(iii)Section 14 of the Guaranty Agreement is amended as follows:

Section 14. Continuing Guaranty: Assignments under the Credit

Agreement. This Guaranty is a continuing guaranty and shall (a) as to the

obligations of the Guarantors under Section 2 above, remain in full force and

effect until the Termination Date has occurred, (b) be binding upon each

Guarantor and its successors and assigns, (c) inure to the benefit of and, subject

to Section 10.1(b) of the Credit Agreement, be enforceable by the Administrative

Agent, the Issuing Lenders, and each Lender and their respective successors, and,

in the case of transfers and assignments made in accordance with the Credit

Agreement, transferees and assigns, and (d) inure to the benefit of and, subject to

Sections 10.1(b) and 10.10 of the Credit Agreement, be enforceable by holders of

Secured Hedge Obligations, holders of Secured Bilateral LC Obligations, holders

of Secured Supply Chain Financing Obligations, holders of Secured Cash

Management Obligations and each of their respective successors, transferees, and

assigns to the extent such successor, transferee, or assign is a Lender or an

Affiliate of a Lender. Without limiting the generality of the foregoing clause (c)

and (d), and subject to Section 11.9 of the Credit Agreement, the Administrative

Agent, the Issuing Lender, and each other Lender may assign or otherwise

transfer all or any portion of its rights and obligations under the Credit

Agreement (including, without limitation, all or any portion of its Commitment,

the Loans owing to it, and the Notes held by it) to any other Person, and such

other Person shall thereupon become vested with all the benefits in respect

thereof granted to such Lender herein or otherwise, subject, however, in all

respects to the provisions of the Credit Agreement. Furthermore, when (x) any

holder of Secured Hedge Obligations, Secured Bilateral LC Obligations, Secured

Supply Chain Financing Obligations or Secured Cash Management Obligations,

assigns or otherwise transfers any interest held by it under a Secured Hedge

Agreement, Secured Bilateral LC Document, Supply Chain Financing Agreement

or Cash Management Agreement, respectively, to any other Person permitted

pursuant to the terms of such agreement or (y) any holder of Secured Bilateral

LC Obligations assigns or otherwise transfers any interest held by it under a

Secured Bilateral LC Document to any other Person permitted pursuant to the

terms of such agreement, in each case that other Person shall thereupon become

vested with all the benefits held by such Secured Party under this Guaranty only

if such Person is also then a Lender or an Affiliate of a Lender. “Termination

Date” means, subject to Section 4, such time at which each of the following

events shall have occurred at or prior to such time: the termination of the

Commitment and payment in full of all Secured Obligations (other than (a)

contingent reimbursement and indemnification obligations not then due and (b)

Secured Hedge Obligations) and the expiration or termination of all Letters of

Credit and letters of credit under Secured Bilateral LC Documents (other than

Letters of Credit and letters of credit under Secured Bilateral LC Documents

which have been Cash Collateralized or as to which other arrangements

satisfactory to the Administrative Agent and the applicable issuing lender shall

have been made).

(d)Section 1.1 of the Security Agreement is hereby amended to delete the stricken text

(indicated textually in the same manner as the following example: stricken text) and to add the double-

underlined text (indicated textually in the same manner as the following example: double-underlined text)

as set forth below:

“Excluded Other Property” means (a) Property or rights in Property over which the granting of a

Lien in such Property is prohibited by Applicable Law to which such Property is subject;

provided, however, to the extent that such prohibitions are ineffective or subsequently rendered

ineffective under Sections 9-406, 9-407, 9-408, or 9-409 of the UCC or under any other

Applicable Law or is otherwise no longer in effect, then such Property and Proceeds thereof shall

cease to be “Excluded Other Property” and shall automatically (unless otherwise constituting

Excluded Collateral) be subject to the Lien and security interests granted hereby and to the terms

and provisions of this Security Agreement as “Collateral”; provided, further, that any Proceeds

received by any Grantor from the sale, transfer, or other disposition of Excluded Other Property

shall constitute Collateral unless any Property constituting such Proceeds are themselves subject

to the exclusions set forth above or otherwise constitute Excluded Collateral; and (b) that certain

Deposit Account held at Wells Fargo for cash collateral securing obligations related to letters of

credit issued by Wells Fargo and obligations under Cash Management Agreements with Wells

Fargo and all Property held therein or credited thereto, or representing or evidencing such Deposit

Account, including investments, dividends, cash, instruments received, receivable or otherwise

distributed in respect thereof or in exchange therefor, and all renewals and replacements of any of

the foregoing Property described in this clause (b), and all Proceeds of any and all of the Property

described in this clause (b) (the Property described in this clause (b), the “WF Collateral”).

(e)Section 3.8 of the Security Agreement is hereby amended to delete the stricken text

(indicated textually in the same manner as the following example: stricken text) and to add the double-

underlined text (indicated textually in the same manner as the following example: double-underlined text)

as set forth below:

SECTION 3.8. Best Interests. It is in the best interests of each Grantor to execute this Security

Agreement in as much as such Grantor will, as a result of being the Borrower or a Subsidiary of

the Borrower, derive substantial direct and indirect benefits from (a) the Loans and other

extensions of credit (including Letters of Credit) made from time to time to the Borrower by the

Lenders and the Issuing Lenders pursuant to the Credit Agreement, (b) the Secured Hedge

Agreements, and (c) the Secured Bilateral LC Documents, and(d) Secured Supply Chain

Financing Agreements and (e) Cash Management Agreements giving rise to Secured Cash

Management Obligations, and each Grantor agrees that the Secured Parties are relying on this

representation in agreeing to make such Loans and other Extensions of Credit pursuant to the

Credit Agreement to the Borrower. Furthermore, such Extensions of Credit, Secured Hedge

Agreements, and Secured Bilateral LC Documents, Secured Supply Chain Financing Agreements

and Cash Management Agreements giving rise to Secured Cash Management Obligations are (i)

in furtherance of each Grantor’s corporate or limited liability purposes, and (ii) necessary or

convenient to the conduct, promotion, or attainment of each Grantor’s business.

Section 4.Exiting Lender; New Lender; Assignment and Reallocation of Credit

Exposure; Issuing Lender.

(a)The New Lender and the Existing Lenders (including, for the avoidance of doubt, Wells

Fargo) have agreed, and the Borrower and the New Administrative Agent hereby consent, to the

following: (i) the assignment of certain of the Existing Lenders’ Commitments, Loans and participations

in L/C Obligations and (ii) the New Lender and certain of the Continuing Lenders acquiring and assuming

an interest in the Commitments, Loans and participations in L/C Obligations assigned by certain of the

other Existing Lenders pursuant to the foregoing clause (i), in each case, pursuant to the terms, provisions

and representations of the Assignment and Assumption attached as Exhibit G to the Credit Agreement as

if each applicable party hereto had executed and delivered, or consented to, an Assignment and

Assumption (with the Effective Date, as defined therein, being the Amendment Effective Date). Upon the

occurrence of the Amendment Effective Date, Wells Fargo shall cease to be a Lender for all purposes of

the Credit Agreement and shall have no rights, duties or obligations as a Lender under the Credit

Agreement (but shall continue to be entitled to the benefits of Sections 4.8, 4.9, 4.10, 4.11 and 11.3 of the

Existing Credit Agreement to the extent set forth in Section 11.9(b) of the Existing Credit Agreement).

(b)On the Amendment Effective Date and after giving effect to such assignments and

assumptions, each party hereto (other than Wells Fargo) agrees that (i) the Commitment, Commitment

Percentage, Scheduled Maturity Date and L/C Commitment of each Lender shall be as set forth on

Schedules 1.1(a) and 1.1(b) attached hereto and (ii) each New Lender shall be a “Lender” for all purposes

under the Credit Agreement and the other Loan Documents.

(c)In connection with, and for purposes of, the assignments and assumptions effected by this

Agreement only, the New Administrative Agent hereby waives the processing and recordation fee under

Section 11.9(b)(iv) of the Credit Agreement.

(d)As provided in Section 10.6(d) of the Credit Agreement, concurrent with the resignation

by Wells Fargo as the Administrative Agent under the Agency Assignment Agreement, Wells Fargo is

deemed to have resigned as an Issuing Lender under the Credit Agreement (the “Resigning Issuing

Lender”).

Section 5.Representations and Warranties. Each Credit Party hereby represents and

warrants that:

(a)immediately before and immediately after giving effect to this Agreement on the

Amendment Effective Date, the representations and warranties contained in Article VI of the Existing

Credit Agreement and the representations and warranties contained in each of the other Loan Documents

are true and correct in all material respects except for any representation and warranty that is qualified by

materiality or reference to Material Adverse Effect, which such representation and warranty shall be true

and correct in all respects, on and as of the Amendment Effective Date (except for any such

representation and warranty that by its terms is made only as of an earlier date, which representation and

warranty shall remain true and correct in all material respects as of such earlier date, except for any

representation and warranty that is qualified by materiality or reference to Material Adverse Effect, which

such representation and warranty shall be true and correct in all respects as of such earlier date); and no

Default or Event of Default has occurred and is continuing;

(b)the execution, delivery and performance of this Agreement by such Credit Party are

within its corporate, partnership, or limited liability company power and authority, as applicable, and have

been duly authorized by all necessary corporate, partnership, or limited liability company action, as

applicable;

(c)this Agreement constitutes the legal, valid and binding obligation of such Credit Party

enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency,

reorganization, moratorium, or similar laws at the time in effect affecting the rights of creditors generally

and by general principles of equity whether applied by a court of law or equity;

(d)there are no governmental or other third party consents, licenses and approvals required

in connection with the execution, delivery, performance, validity and enforceability of this Agreement

that have not been obtained;

(e)the Collateral is unimpaired by this Agreement and the Credit Parties have granted to the

New Administrative Agent a Lien in the Collateral covered by the Security Documents that is a valid and

perfected (other than, as to perfection, Excluded Perfection Collateral) first priority security interest

(subject to Permitted Liens) in such Collateral, and such Liens are not subject to avoidance,

subordination, recharacterization, recovery, attack, offset, counterclaim, or defense of any kind; and

(f)no action, suit, investigation or other proceeding by or before any arbitrator or any

Governmental Authority is pending or, to the Borrower’s knowledge, threatened, and no preliminary or

permanent injunction or order by a state or federal court has been entered, in each case in connection with

this Agreement or any other Loan Document.

Section 6.Conditions to Amendment Effective Date. This Agreement shall become

effective on the date (such date, the “Amendment Effective Date”) upon which the following conditions

are satisfied:

(a)This Agreement. The New Administrative Agent shall have received this Agreement

executed by duly authorized officers of the Borrower, each Guarantor, the New Administrative Agent, the

Resigning Agent and each of the Lenders (including the New Lender and Wells Fargo).

(b)Agency Assignment Agreement. The New Administrative Agent shall have received

executed counterparts of the Agency Assignment Agreement from each of the Borrower and the

Resigning Agent.

(c)Notes Refinancing. The Borrower shall have received gross proceeds of no less than

$500,000,000 from an offering of senior notes of the Borrower (such senior notes, the “New Notes”), the

proceeds of which shall be used prior to, or substantially concurrently with, the Amendment Effective

Date to refinance, redeem and/or satisfy in full in cash, or irrevocably call for redemption, all

$500,000,000 aggregate principal amount outstanding of the Borrower’s existing senior notes due 2028.

(d)Collateral.

(i)Filings and Recordings. The New Administrative Agent shall have received

UCC-1 or UCC-3 financing statements, as applicable, in form and substance

satisfactory to the New Administrative Agent, naming the Credit Parties as

debtors and the New Administrative Agent as secured party.

(ii)Pledged Collateral. The New Administrative Agent shall have received (or

arrangements satisfactory to the New Administrative Agent shall have been made

for the New Administrative Agent to receive after the Amendment Effective

Date) (A) original stock certificates or other certificates evidencing the

certificated Equity Interests issued and pledged in favor of the Administrative

Agent under the Security Documents, including the certificates issued by the

Subsidiaries listed on Schedule 7.12 of the Credit Agreement, together with an

undated transfer power for each such certificate duly executed in blank by the

registered owner thereof and otherwise in form and substance reasonably

satisfactory to the New Administrative Agent and (B) subject to any limitations

set forth in the Security Agreement, each original promissory note pledged

pursuant to the Security Documents together with an undated allonge for each

such promissory note duly executed in blank by the holder thereof.

(iii)Lien Search. The New Administrative Agent shall have received the results of a

Lien search made against the Credit Parties indicating, among other things, that

the assets of each such Credit Party are free and clear of any Lien (except for

Permitted Liens).

(iv)Property and Liability Insurance. The New Administrative Agent shall have

received, in each case in form and substance reasonably satisfactory to the New

Administrative Agent, evidence of property and liability insurance covering each

Credit Party (with appropriate endorsements naming the New Administrative

Agent as lender’s loss payee on all policies for property insurance and as

additional insured on all policies for liability insurance).

(v)Intellectual Property. The New Administrative Agent shall have received security

agreements (or assignments, as applicable) duly executed by the applicable

Credit Parties for all federally registered copyrights, copyright applications,

patents, patent applications, trademarks, and trademark applications included in

the Collateral, in each case in proper form for filing with the U.S. Patent and

Trademark Office or U.S. Copyright Office, as applicable.

(e)Fees and Expenses. The New Administrative Agent and the Lenders (other than Wells

Fargo) shall have received all fees and other amounts due and payable on or prior to the Amendment

Effective Date, including all expenses required to be paid as of the Amendment Effective Date pursuant

to Section 11.3 of the Credit Agreement and the Agency Assignment Agreement (including, for the

avoidance of doubt, all fees and expenses of the New Administrative Agent’s outside legal counsel

pursuant to all invoices presented for payment at least one (1) Business Day prior to the Amendment

Effective Date).

(f)Secretary Certificate. The New Administrative Agent shall have received a certificate of a

Secretary or Assistant Secretary of each Credit Party certifying as to the incumbency and genuineness of

the signature of each officer of such Credit Party executing this Agreement and the other Loan

Documents executed by such Credit Party in connection with this Agreement and certifying that attached

thereto are true, correct, and complete copies of the articles or certificate of incorporation or formation (or

equivalent), as applicable, of such Credit Party and all amendments and modifications thereto, certified as

of a recent date by the appropriate Governmental Authority in its jurisdiction of incorporation or

formation (or equivalent), as applicable, attached thereto are true, correct, and complete copies of the

bylaws or governing documents of such Credit Party as in effect on the Amendment Effective Date,

resolutions duly adopted by the board of directors (or other governing body) of such Credit Party

authorizing and approving the transactions contemplated hereunder and the execution, delivery, and

performance of this Agreement and the other Loan Documents executed by such Credit Party in

connection with this Agreement, and Governmental Approvals, if any, required to be obtained by such

Credit Party with respect to this Agreement and the other Loan Documents to which such Credit Party is a

party.

(g)Certificates of Good Standing. The New Administrative Agent shall have received

certificates of good standing for each Credit Party in each state in which each such Person is organized,

which certificates shall be dated as of a recent date that is on or prior to the Amendment Effective Date.

(h)Officer’s Certificate. The New Administrative Agent shall have received a certificate

from a Responsible Officer of the Borrower to the effect that the conditions set forth in Sections 6(c) and

6(j) have been satisfied on and as of the Amendment Effective Date (with the assumption that, as to any

conditions precedent that are subject to the satisfaction of the New Administrative Agent or the Lenders,

the New Administrative Agent and such Lenders are so satisfied) and attaching thereto executed copies

of the indenture supplement with respect to the New Notes.

(i)Opinions of Counsel. The New Administrative Agent shall have received legal opinions

from counsels to the Credit Parties, in form and substance reasonably acceptable to the New

Administrative Agent, which opinions shall permit reliance by the successors and permitted assigns of the

New Administrative Agent and the Lenders.

(j)Representations; No Default. Immediately before and immediately after giving effect to

this Agreement on the Amendment Effective Date, each of the representations and warranties set forth in

Section 5 above shall be true and correct and no Default or Event of Default shall have occurred and be

continuing.

(k)Solvency Certificate. The Borrower shall have delivered to the New Administrative

Agent a certificate, in form and substance reasonably satisfactory to the New Administrative Agent, and

certified as accurate by a Responsible Financial Officer of the Borrower, that after giving effect to this

Agreement and the transactions contemplated hereby, the Credit Parties, taken as a whole, are Solvent.

(l)PATRIOT Act, etc.

(i)The New Administrative Agent and the Lenders (other than Wells Fargo) shall

have received, at least five (5) Business Days prior to the Amendment Effective

Date, all documentation and other information requested by the New

Administrative Agent or any Lender (other than Wells Fargo) or required by

regulatory authorities in order for the New Administrative Agent and the Lenders

(other than Wells Fargo) to comply with requirements of any Anti-Money

Laundering Laws, including the PATRIOT Act and any applicable “know your

customer” rules and regulations.

(ii)The Borrower shall have delivered to the New Administrative Agent, and directly

to any Lender (other than Wells Fargo) requesting the same, a Beneficial

Ownership Certification in relation to it (or a certification that the Borrower

qualifies for an express exclusion from the “legal entity customer” definition

under the Beneficial Ownership Regulations), in each case at least five (5)

Business Days prior to the Amendment Effective Date.

(m)Cash Collateral, Fees and Expenses for Wells Fargo. Wells Fargo shall have received: (i)

payment of all fees, expenses and other amounts due and payable on or prior to the Amendment Effective

Date under the Credit Agreement or any other Loan Document as Resigning Agent, including all

expenses required to be paid as of the Amendment Effective Date pursuant to Section 11.3 of the Credit

Agreement and the Agency Assignment Agreement (including, for the avoidance of doubt, all fees and

expenses of the Resigning Agent’s outside legal counsel pursuant to all invoices presented for payment at

least one (1) Business Day prior to the Amendment Effective Date), (ii) cash into a deposit account with

Wells Fargo in an amount equal to $18,500,000 as cash collateral for all letters of credit issued by Wells

Fargo for which the payment obligations of any Credit Party or its Subsidiaries thereunder constitute

Secured Bilateral LC Obligations immediately prior to the Amendment Effective Date with respect

thereto and a security agreement with respect thereto executed by the Borrower in form and substance

acceptable to Wells Fargo, (iii) cash into a deposit account with Wells Fargo in an amount equal to

$7,000,000 as cash collateral for Cash Management Agreements of any Credit Party or its Subsidiaries

with Wells Fargo and a security agreement with respect thereto executed by the Borrower in form and

substance acceptable to Wells Fargo, (iv) payment of all principal amount of Loans made by Wells Fargo

and outstanding on the Amendment Effective Date, and (v) payment of all interest and fees outstanding as

of the Amendment Effective Date and owing to the Resigning Agent, the Lenders and the Issuing Lenders

(including, in any case, Wells Fargo) that are noted in a written statement to the Borrower and the New

Administrative Agent on or prior to the Amendment Effective Date (which statement may be delivered by

electronic mail) and notwithstanding that such interest and fees may be due under the applicable Loan

Document on a date other than the Amendment Effective Date.

The conditions set forth in this Section 6(m) shall be deemed satisfied upon Wells Fargo’s release

of its signature pages to this Agreement and the Agency Assignment Agreement. Each party hereto

hereby authorizes and directs the New Administrative Agent to declare this Agreement to be effective

(and the Amendment Effective Date shall occur) when the New Administrative Agent has received all

documents, confirmations, and other items required by this Section 6, in each case, to the reasonable

satisfaction of the New Administrative Agent. Such declaration shall be final, conclusive and binding

upon all parties to the Credit Agreement for all purposes.

Section 7.Acknowledgments and Agreements.

(a)Each Credit Party acknowledges that, on the date hereof, all outstanding Obligations are

payable in accordance with their terms and each Credit Party waives any defense, offset, counterclaim or

recoupment (other than a defense of payment or performance) with respect thereto.

(b)The Borrower, each Guarantor, the New Administrative Agent and each Lender party

hereto (other than Wells Fargo) do hereby adopt, ratify, and confirm the Existing Credit Agreement, as

amended by this Agreement, and acknowledge and agree that the Existing Credit Agreement, as so

amended, is and remains in full force and effect, and acknowledge and agree that their respective

liabilities and obligations under the Existing Credit Agreement, as so amended, the Guaranty Agreement,

and the other Loan Documents are not impaired in any respect by this Agreement.

(c)Nothing herein shall constitute a waiver or relinquishment of any Default or Event of

Default under any of the Loan Documents, any of the agreements, terms or conditions contained in any

of the Loan Documents, any rights or remedies of the New Administrative Agent or any Lender with

respect to the Loan Documents, or the rights of the New Administrative Agent or any Lender to collect

the full amounts owing to them under the Loan Documents.

(d)From and after the Amendment Effective Date, all references to the Existing Credit

Agreement shall mean the Existing Credit Agreement, as amended by this Agreement. This Agreement is

a Loan Document for the purposes of the provisions of the other Loan Documents.

(e)Each party hereto acknowledges and agrees that, as of the Amendment Effective Date,

the WF Collateral (as defined in Section 1.1 of the Security Agreement, as amended in Section 3(d) of

this Agreement) shall cease to be Collateral and is hereby released from the Lien granted under the Loan

Documents.

Section 8.Reaffirmation of Security Documents. Each Credit Party reaffirms the terms

of and its obligations (and the security interests granted by it) under each Security Document to which it

is a party (in each case, after giving effect to the Agency Assignment Agreement and the assignment

thereof to the New Administrative Agent and Section 7(e) above), and agrees that each such Security

Document will continue in full force and effect to secure the Secured Obligations as the same may be

amended, supplemented, extended or otherwise modified from time to time, and acknowledges,

represents, warrants and agrees that the Liens and security interests granted by it pursuant to the Security

Documents (in each case, after giving effect to the Agency Assignment Agreement and the assignment

thereof to the New Administrative Agent and Section 7(e) above) are valid, enforceable and subsisting

and create a security interest to secure the Secured Obligations.

Section 9.Reaffirmation of the Guaranty Agreement. Each Credit Party hereby ratifies,

confirms, acknowledges and agrees that its obligations under the Guaranty Agreement are in full force

and effect and that such Credit Party continues to absolutely, unconditionally and irrevocably guarantee

the full and punctual payment and performance, when due, whether at stated maturity, by acceleration or

otherwise, all of the Guaranteed Obligations (as defined in the Guaranty Agreement), as such Guaranteed

Obligations may have been amended by this Agreement (in each case, after giving effect to the Agency

Assignment Agreement and the assignment thereof to the New Administrative Agent), and its execution

and delivery of this Agreement does not indicate or establish an approval or consent requirement by such

Credit Party under the Guaranty Agreement, in connection with the execution and delivery of

amendments, consents or waivers to the Credit Agreement or any of the other Loan Documents.

Section 10.Counterparts; Integration; Effectiveness; Electronic Execution.

(a)Counterparts; Integration; Effectiveness. This Agreement may be executed in

counterparts (and by different parties hereto in different counterparts), each of which shall constitute an

original, but all of which when taken together shall constitute a single contract. This Agreement and the

other Loan Documents, and any separate letter agreements with respect to fees payable to the

Administrative Agent, any Lender, and/or the Arranger, 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 6, 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. Delivery of an executed counterpart of a signature page of

this Agreement by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of a

manually executed counterpart of this Agreement.

(b)Electronic Execution. The words “execute,” “execution,” “signed,” “signature,”

“delivery,” and words of like import in or related to this Agreement, any other Loan Document, or any

document, amendment, approval, consent, waiver, modification, information, notice, certificate, report,

statement, disclosure, or authorization to be signed or delivered in connection with this Agreement or any

other Loan Document or the transactions contemplated hereby shall be deemed to include Electronic

Signatures or execution in the form of an Electronic Record, and contract formations on electronic

platforms approved by the Administrative Agent, deliveries 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. Each party hereto agrees that any Electronic

Signature or execution in the form of an Electronic Record shall be valid and binding on itself and each of

the other parties hereto to the same extent as a manual, original signature. For the avoidance of doubt, the

authorization under this paragraph may include, without limitation, use or acceptance by the parties of a

manually signed paper which has been converted into electronic form (such as scanned into PDF format),

or an electronically signed paper converted into another format, for transmission, delivery, and/or

retention. Notwithstanding anything contained herein to the contrary, the Administrative Agent is under

no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by

the Administrative Agent pursuant to procedures approved by it; provided that without limiting the

foregoing, (i) to the extent the Administrative Agent has agreed to accept such Electronic Signature from

any party hereto, the Administrative Agent and the other parties hereto shall be entitled to rely on any

such Electronic Signature purportedly given by or on behalf of the executing party without further

verification and (ii) upon the request of the Administrative Agent or any Lender, any Electronic Signature

shall be promptly followed by an original manually executed counterpart thereof. Without limiting the

generality of the foregoing, each party hereto hereby (A) agrees that, for all purposes, including without

limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy

proceedings, or litigation among the Administrative Agent, the Lenders, and any of the Credit Parties,

electronic images of this Agreement or any other Loan Document (in each case, including with respect to

any signature pages thereto) shall have the same legal effect, validity, and enforceability as any paper

original, and (B) waives any argument, defense, or right to contest the validity or enforceability of the

Loan Documents based solely on the lack of paper original copies of any Loan Documents, including

with respect to any signature pages thereto.

Section 11.Successors and Assigns. This Agreement shall be binding upon and inure to the

benefit of the parties hereto and their respective successors and assigns permitted pursuant to the Credit

Agreement.

Section 12.Severability of Provisions. Any provision of this Agreement or any other Loan

Document which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be

ineffective only to the extent of such prohibition or unenforceability without invalidating the remainder of

such provision or the remaining provisions hereof or thereof or affecting the validity or enforceability of

such provision in any other jurisdiction. In the event that any provision is held to be so prohibited or

unenforceable in any jurisdiction, the Administrative Agent, the Lenders, and the Borrower shall

negotiate in good faith to amend such provision to preserve the original intent thereof in such jurisdiction.

Section 13.Governing Law; Jurisdiction, Etc..

(a)Governing Law. This Agreement and the other Loan Documents and any claim,

controversy, dispute, or cause of action (whether in contract or tort or otherwise) based upon, arising out

of or relating to this Agreement or any other Loan Document (except, as to any other Loan Document, as

expressly set forth therein) and the transactions contemplated hereby and thereby shall be governed by,

and construed in accordance with, the law of the State of New York.

(b)Submission to Jurisdiction. The Borrower and each other Credit Party irrevocably and

unconditionally agrees that it will not commence any action, litigation, or proceeding of any kind or

description, whether in law or equity, whether in contract or in tort or otherwise, against the

Administrative Agent, any Arranger, any Lender or any Related Party of the foregoing in any way

relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto, in

any forum other than the courts of the State of New York sitting in New York County, and of the United

States District Court of the Southern District of New York, and any appellate court from any thereof, and

each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and

agrees that all claims in respect of any such action, litigation, or proceeding may be heard and determined

in such New York State court or, to the fullest extent permitted by Applicable Law, in such federal court.

Each of the parties hereto agrees that a final judgment in any such action, litigation, or proceeding shall be

conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner

provided by Applicable Law. Nothing in this Agreement or in any other Loan Document shall affect any

right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding

relating to this Agreement or any other Loan Document against the Borrower or any other Credit Party or

its Properties in the courts of any jurisdiction.

(c)Waiver of Venue. The Borrower and each other Credit Party irrevocably and

unconditionally waives, to the fullest extent permitted by Applicable Law, any objection that it may

now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to

this Agreement or any other Loan Document in any court referred to in clause (b) of this Section.

Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by Applicable

Law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any

such court.

(d)Service of Process. Each party hereto irrevocably consents to service of process in the

manner provided for notices in Section 11.1 of the Credit Agreement. Nothing in this Agreement will

affect the right of any party hereto to serve process in any other manner permitted by Applicable Law.

Section 14.Entire Agreement. THIS WRITTEN AGREEMENT AND THE OTHER

LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES

HERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,

CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

Section 15.Excluded JV Interests. Notwithstanding anything to the contrary contained in

any Loan Document, each Lender party hereto (other than Wells Fargo) hereby agrees that the Borrower’s

45% ownership of the issued and outstanding Equity Interests in Oceaneering Angola S.A., evidenced by

Shares Nos. 151 through 285, shall be deemed to constitute Excluded JV Equity Interests (as defined in

the Security Agreement), and each such Lender hereby (a) authorizes and directs the New Administrative

Agent to release any Lien held by the New Administrative Agent on such Equity Interests and (b)

authorizes and directs the New Administrative Agent to promptly return to the Borrower any share

certificates (together with any related transfer powers) evidencing such Equity Interests.

Section 16. Amendments Affecting Wells Fargo. NOTWITHSTANDING ANYTHING

HEREIN OR IN ANY LOAN DOCUMENT TO THE CONTRARY, INCLUDING SECTION 11.2 OF

THE CREDIT AGREEMENT, and for the avoidance of doubt, neither this Agreement nor the Agency

Assignment Agreement may be amended, supplemented, waived or otherwise modified without the prior

written consent of Wells Fargo if such amendment, supplement, waiver or other modification would

affect any right, obligation or duty of Wells Fargo in its capacity as (x) Resigning Agent, (y) Resigning

Issuing Lender or (z) a Lender.

[SIGNATURES BEGIN ON NEXT PAGE]

Signature Page to Agreement and Amendment No. 2 – Oceaneering International, Inc.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their

respective officers thereunto duly authorized as of the day and year first above written.

BORROWER:

OCEANEERING INTERNATIONAL, INC.

By: /s/ Michael W. Sumruld

Name: Michael W. Sumruld

Title: Senior Vice President and Chief Financial

Officer

GUARANTORS:

GRAYLOC PRODUCTS, L.L.C.

By: /s/ Michael W. Sumruld

Name: Michael W. Sumruld

Title: Senior Vice President and Chief Financial

Officer

MARINE PRODUCTION SYSTEMS LTD.

By: /s/ Michael W. Sumruld

Name: Michael W. Sumruld

Title: Senior Vice President and Chief Financial

Officer

OCEANEERING CANADA LIMITED

By: /s/ Michael W. Sumruld

Name: Michael W. Sumruld

Title: Senior Vice President and Chief Financial

Officer

Signature Page to Agreement and Amendment No. 2 – Oceaneering International, Inc.

ADMINISTRATIVE AGENT AND LENDERS:

JPMORGAN CHASE BANK, N.A.,

as New Administrative Agent and a Lender

By: /s/ Justin Carter

Name: Justin Carter

Title: Vice President

Signature Page to Agreement and Amendment No. 2 – Oceaneering International, Inc.

DNB BANK ASA, NEW YORK BRANCH,

as an Issuing Lender

By: /s/ Sybille Andaur

Name: Sybille Andaur

Title: Client Executive

By:

Name:

Title:

DNB CAPITAL LLC,

as a Lender

By: /s/ Sybille Andaur

Name: Sybille Andaur

Title: Client Executive

By:

Name:

Title:

Signature Page to Agreement and Amendment No. 2 – Oceaneering International, Inc.

CITIBANK, N.A.,

as a Lender

By: /s/ Michael Bustios

Name: Michael Bustios

Title: Authorized Signatory

Signature Page to Agreement and Amendment No. 2 – Oceaneering International, Inc.

WOODFOREST NATIONAL BANK,

as a Lender

By: /s/ Ashley Naquin

Name: Ashley Naquin

Title: EVP

Signature Page to Agreement and Amendment No. 2 – Oceaneering International, Inc.

STANDARD BANK OF SOUTH AFRICA

LIMITED,

as a Lender

By: /s/ Pablo Gonzalez-Spahr

Name: Pablo Gonzalez-Spahr

Title: Executive

Signature Page to Agreement and Amendment No. 2 – Oceaneering International, Inc.

Acknowledged and agreed to

as of the date first written above by:

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Resigning Agent, Resigning Issuing Lender and the exiting Lender

By: /s/ Michael G. Janak

Name: Michael G. Janak

Title: Managing Director

ANNEX A

[See attached.]

Amended Credit Agreement

Execution Version

Annex A to Amendment No. 2

Published CUSIP Number:67523DAH1

Revolving Credit CUSIP Number:67523DAJ7

ANNEX A TO AGREEMENT AND AMENDMENT NO. 2 TO

CREDIT AGREEMENT

dated as of April 8, 2022,

among

OCEANEERING INTERNATIONAL, INC.,

as Borrower,

THE LENDERS REFERRED TO HEREIN,

as Lenders,

and

JPMORGAN CHASE BANK, N.A., as Administrative Agent

JPMORGAN CHASE BANK, N.A., CITIBANK, N.A., and

DNB CARNEGIE, INC.,

as Joint Lead Arrangers and Joint Bookrunners

TABLE OF CONTENTS

Page

ARTICLE IDEFINITIONS 1

SECTION 1.1Definitions 1

SECTION 1.2Other Definitions and Provisions 36

SECTION 1.3Accounting Terms 37

SECTION 1.4UCC Terms 38

SECTION 1.5Rounding 39

SECTION 1.6References to Agreement and Laws 39

SECTION 1.7Times of Day 39

SECTION 1.8Guarantees/Earn-Outs 39

SECTION 1.9Covenant Compliance Generally 39

SECTION 1.10Limited Condition Transactions 39

SECTION 1.11Classification 41

SECTION 1.12Rates 41

SECTION 1.13Divisions 42

SECTION 1.14Pro Forma Adjustments for Acquisitions and Dispositions 42

ARTICLE II REVOLVING CREDIT FACILITY 43

SECTION 2.1Loans 43

SECTION 2.2Procedure for Advances of Loans 43

SECTION 2.3Repayment and Prepayment of Loans 44

SECTION 2.4Permanent Reduction of the Commitment 45

SECTION 2.5Termination of Revolving Credit Facility 45

ARTICLE III LETTER OF CREDIT FACILITY 45

SECTION 3.1L/C Facility 45

SECTION 3.2Procedure for Issuance and Disbursement of Letters of Credit 47

SECTION 3.3Commissions and Other Charges 47

SECTION 3.4L/C Participation 48

SECTION 3.5Reimbursement 49

SECTION 3.6Obligations Absolute 50

SECTION 3.7Effect of Letter of Credit Documents 51

SECTION 3.8Removal and Resignation of Issuing Lenders 51

SECTION 3.9Reporting of Letter of Credit Information and L/C Commitment 52

SECTION 3.10Letters of Credit Issued for Subsidiaries 52

SECTION 3.11Letter of Credit Amounts 53

SECTION 3.12Cash Collateral for Extended Letters of Credit 53

TABLE OF CONTENTS

(continued)

Page

ARTICLE IV GENERAL LOAN PROVISIONS 55

SECTION 4.1Interest 55

SECTION 4.2Notice and Manner of Conversion or Continuation of Loans 56

SECTION 4.3Fees 57

SECTION 4.4Manner of Payment 57

SECTION 4.5Evidence of Indebtedness 58

SECTION 4.6Sharing of Payments by Lenders 58

SECTION 4.7Administrative Agent’s Clawback 59

SECTION 4.8Changed Circumstances 60

SECTION 4.9Indemnity 62

SECTION 4.10Increased Costs 62

SECTION 4.11Taxes 64

SECTION 4.12Mitigation Obligations; Replacement of Lenders 68

SECTION 4.13Incremental Increases 69

SECTION 4.14Cash Collateral 71

SECTION 4.15Defaulting Lenders 72

SECTION 4.16[Reserved] 74

SECTION 4.17Non-Extending Lenders and Present Maturity Date Payments/Reallocations 74

ARTICLE V CONDITIONS OF CLOSING AND BORROWING 75

SECTION 5.1Conditions to Closing and Initial Extensions of Credit 75

SECTION 5.2Conditions to All Extensions of Credit 78

ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 79

SECTION 6.1Organization; Power; Qualification 80

SECTION 6.2Authorization; No Breach; Approvals 80

SECTION 6.3Enforceability 80

SECTION 6.4Financial Condition 81

SECTION 6.5Fiscal Year 81

SECTION 6.6True and Complete Disclosure 81

SECTION 6.7Litigation 81

SECTION 6.8Compliance with Agreements 82

SECTION 6.9Pension Plans 82

SECTION 6.10Environmental Condition 82

SECTION 6.11Ownership 83

SECTION 6.12Investment Company Act 83

iii

TABLE OF CONTENTS

(continued)

Page

SECTION 6.13Taxes 83

SECTION 6.14Permits, Licenses, Etc.; Compliance with Laws 84

SECTION 6.15Use of Proceeds 84

SECTION 6.16Property 84

SECTION 6.17Insurance 84

SECTION 6.18Anti-Corruption Laws; Anti-Money Laundering Laws and Sanctions 84

SECTION 6.19Affected Financial Institution; Covered Party 85

SECTION 6.20Employee Relations 85

SECTION 6.21Solvency 85

SECTION 6.22Senior Indebtedness Status 85

SECTION 6.23Outbound Investment Rules 85

ARTICLE VII AFFIRMATIVE COVENANTS 86

SECTION 7.1Organization 86

SECTION 7.2Reporting 86

SECTION 7.3Insurance 89

SECTION 7.4Compliance with Laws 90

SECTION 7.5Payment of Tax Obligations; Senior Indebtedness 90

SECTION 7.6Additional Guarantors and Collateral 90

SECTION 7.7Records; Inspection 92

SECTION 7.8Maintenance of Property 93

SECTION 7.9Environmental Laws 93

SECTION 7.10Compliance with Anti-Corruption Laws; Beneficial Ownership Regulation, Anti-

Money Laundering Laws, and Sanctions 93

SECTION 7.11Further Assurances 93

SECTION 7.12Post-Closing Items 94

ARTICLE VIII NEGATIVE COVENANTS 94

SECTION 8.1Indebtedness 94

SECTION 8.2Liens 96

SECTION 8.3Investments 98

SECTION 8.4Fundamental Changes100

SECTION 8.5Asset Dispositions101

SECTION 8.6Restricted Payments102

SECTION 8.7Limitation on Restrictive Agreements103

SECTION 8.8Use of Proceeds104

SECTION 8.9Affiliate Transactions104

TABLE OF CONTENTS

(continued)

Page

SECTION 8.10Nature of Business104

SECTION 8.11Hazardous Substances104

SECTION 8.12Financial Covenants105

SECTION 8.13Accounting Changes; Organizational Documents105

SECTION 8.14Modifications of Senior Note Documents105

SECTION 8.15Outbound Investment Rules105

ARTICLE IX DEFAULT AND REMEDIES106

SECTION 9.1Events of Default106

SECTION 9.2Remedies107

SECTION 9.3Rights and Remedies Cumulative; Non-Waiver; Etc108

SECTION 9.4Crediting of Payments and Proceeds109

SECTION 9.5Administrative Agent May File Proofs of Claim110

SECTION 9.6Credit Bidding110

ARTICLE X THE ADMINISTRATIVE AGENT111

SECTION 10.1Appointment and Authority 111

SECTION 10.2Rights as a Lender112

SECTION 10.3Exculpatory Provisions112

SECTION 10.4Reliance by the Administrative Agent114

SECTION 10.5Delegation of Duties114

SECTION 10.6Resignation of Administrative Agent114

SECTION 10.7Non-Reliance on Administrative Agent and Other Lenders116

SECTION 10.8No Other Duties, Etc116

SECTION 10.9Collateral and Guaranty Matters117

SECTION 10.10Secured Hedge Obligations, Secured Bilateral LC Obligations, Secured Supply

Chain Financing Obligations and Secured Cash Management Obligations118

SECTION 10.11Certain ERISA Matters118

SECTION 10.12Erroneous Payments119

SECTION 10.13Acknowledgment Regarding Information121

ARTICLE XI MISCELLANEOUS122

SECTION 11.1Notices122

SECTION 11.2Amendments, Waivers and Consents125

SECTION 11.3Expenses; Indemnity127

SECTION 11.4Right of Setoff130

SECTION 11.5Governing Law; Jurisdiction, Etc131

SECTION 11.6Waiver of Jury Trial131

TABLE OF CONTENTS

(continued)

Page

SECTION 11.7Reversal of Payments132

SECTION 11.8Injunctive Relief132

SECTION 11.9Successors and Assigns; Participations132

SECTION 11.10Treatment of Certain Information; Confidentiality137

SECTION 11.11Performance of Duties139

SECTION 11.12All Powers Coupled with Interest139

SECTION 11.13Survival139

SECTION 11.14Titles and Captions140

SECTION 11.15Severability of Provisions140

SECTION 11.16Counterparts; Integration; Effectiveness; Electronic Execution131

SECTION 11.17Term of Agreement132

SECTION 11.18USA PATRIOT Act; Anti-Money Laundering Laws141

SECTION 11.19Independent Effect of Covenants141

SECTION 11.20No Advisory or Fiduciary Responsibility141

SECTION 11.21Inconsistencies with Other Documents142

SECTION 11.22Acknowledgement and Consent to Bail-In of Affected Financial Institutions142

SECTION 11.23Acknowledgement Regarding Any Supported QFCs143


EXHIBITS
Exhibit A	-	Form of Note
Exhibit B	-	Form of Notice of Borrowing
Exhibit C	-	Form of Notice of Account Designation
Exhibit D	-	Form of Notice of Prepayment
Exhibit E	-	Form of Notice of Conversion/Continuation
Exhibit F	-	Form of Compliance Certificate
Exhibit G	-	Form of Assignment and Assumption
Exhibit H-1	-	Form of U.S. Tax Compliance Certificate (Non-Partnership Foreign Lenders)
Exhibit H-2	-	Form of U.S. Tax Compliance Certificate (Non-Partnership Foreign Participants)
Exhibit H-3	-	Form of U.S. Tax Compliance Certificate (Foreign Participant Partnerships)
Exhibit H-4	-	Form of U.S. Tax Compliance Certificate (Foreign Lender Partnerships)
Exhibit I	-	Form of Secured Supply Chain Financing Notice

SCHEDULES
Schedule 1.1(a)	-	Commitments; Commitment Percentages; Scheduled Maturity Dates
Schedule 1.1(b)	-	Obligations of Initial Issuing Lenders
Schedule 6.1	-	Jurisdictions of Organization and Qualification and Subsidiary Guarantors
Schedule 6.11	-	Subsidiaries and Capitalization
Schedule 6.20	-	Collective Bargaining Agreements
Schedule 7.12	-	Post-Closing Items
Schedule 8.1	-	Existing Indebtedness
Schedule 8.2	-	Existing Liens

CREDIT AGREEMENT, dated as of April 8, 2022, among OCEANEERING

INTERNATIONAL, INC., a Delaware corporation, as Borrower, the lenders who are party to this

Agreement and the lenders who may become a party to this Agreement pursuant to the terms hereof, as

Lenders or Issuing Lenders, and JPMORGAN CHASE BANK, N.A. (as successor to Wells Fargo Bank,

National Association in its capacity as administrative agent), as Administrative Agent.

STATEMENT OF PURPOSE

WHEREAS, the Borrower has requested, and subject to the terms and conditions set forth in this

Agreement, the Administrative Agent and the Lenders have agreed to extend, certain credit facilities to

the Borrower.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which

are hereby acknowledged by the parties hereto, such parties hereby agree as follows:

ARTICLE I

DEFINITIONS

SECTION 1.1Definitions. The following terms when used in this Agreement shall

have the meanings assigned to them below:

“Acquisition” means any acquisition, or any series of related acquisitions, consummated on or

after the date of this Agreement, by which any Credit Party or any of its Subsidiaries (a) acquires any

business or all or substantially all of the assets of any Person, or business unit, line of business, or

division thereof, whether through purchase of assets, exchange, issuance of stock or other equity or debt

securities, merger, reorganization, amalgamation, division, or otherwise or (b) directly or indirectly

acquires (in one transaction or as the most recent transaction in a series of transactions) at least a

majority (in number of votes) of the securities of a corporation which have ordinary voting power for

the election of members of the board of directors or the equivalent governing body (other than securities

having such power only by reason of the happening of a contingency) or a majority (by percentage or

voting power) of the outstanding ownership interests of a partnership or limited liability company.

“Administrative Agent” means JPMorgan, in its capacity as Administrative Agent hereunder,

and any successor thereto appointed pursuant to Section 10.6.

“Administrative Agent’s Office” means the office of the Administrative Agent specified in or

determined in accordance with the provisions of Section 11.1(c).

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

the Administrative Agent.

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

Financial Institution.

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly

through one or more intermediaries, Controls or is Controlled by or is under common Control with the

Person specified.

“Agent Parties” has the meaning assigned thereto in Section 11.1(e)(ii).

“Agreement” means this Credit Agreement.

“Amendment No. 1 Effective Date” means the “Amendment Effective Date” under, and as

defined in, that certain Agreement and Amendment No. 1 to Credit Agreement dated as of September 20,

2023, among the Borrower, the Guarantors, the Administrative Agent, the Issuing Lenders, and the

Lenders.

“Amendment No. 2 Effective Date” means the “Amendment Effective Date” under, and as

defined in, that certain Agreement and Amendment No. 2 to Credit Agreement dated as of July 6, 2026,

among the Borrower, the Guarantors, the Administrative Agent, the Issuing Lenders and Lenders party

thereto.

“Annual Financial Statements” means the audited Consolidated annual financial statements of the

Borrower and its Subsidiaries, including all notes thereto, which statements shall include an audited

Consolidated balance sheet as of the end of the Fiscal Year relating thereto and an audited Consolidated

income statement and an audited Consolidated statement of cash flows for such Fiscal Year, all setting

forth in comparative form the corresponding figures from the previous Fiscal Year, all prepared in

conformity with GAAP in all material respects and, if required by GAAP, containing disclosure of the

effect on the financial position or results of operations of any change in the application of accounting

principles and practices during the period, and accompanied by the opinion of an independent certified

public accounting firm of recognized national standing, which shall state that such financial statements

present fairly in all material respects the Consolidated financial position of the Borrower and its

Consolidated Subsidiaries as of the date thereof and the results of Consolidated operations of the

Borrower and its Consolidated Subsidiaries for the period covered thereby in conformity with GAAP. As

long as the Borrower files an annual report on Form 10-K with the SEC, such report and related financial

statements, including notes thereto and the opinion of an independent certified public accounting firm of

recognized national standing, included thereon shall be considered the “Annual Financial Statements”.

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to

the Borrower or any of its Subsidiaries from time to time concerning or relating to bribery or corruption,

including the United States Foreign Corrupt Practices Act of 1977 and the rules and regulations

thereunder and the U.K. Bribery Act 2010 and the rules and regulations thereunder.

“Anti-Money Laundering Laws” means any and all laws, statutes, regulations or obligatory

government orders, decrees, ordinances or rules applicable to the Borrower or any of its Subsidiaries

related to terrorism financing, money laundering, or any predicate crime to money laundering, including

any applicable provision of the PATRIOT Act and The Currency and Foreign Transactions Reporting Act

(also known as the “Bank Secrecy Act,” 31 U.S.C. §§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and

1951-1959).

“Applicable Law” means all applicable provisions of constitutions, laws, statutes, ordinances,

rules, treaties, regulations, permits, licenses, approvals, interpretations (having the force of law), and

orders of Governmental Authorities and all orders and decrees of all courts and arbitrators.

“Applicable Margin” means the corresponding percentages per annum as set forth below based

on the Consolidated Net Leverage Ratio:


Pricing Level	Consolidated Net Leverage Ratio	Term SOFR +	Base Rate +
I	Less than 2.50 to 1.00	2.00%	1.00%
II	Greater than or equal to 2.50 to 1.00, but less than 2.75 to 1.00	2.25%	1.25%
III	Greater than or equal to 2.75 to 1.00, but less than 3.00 to 1.00	2.50%	1.50%
IV	Greater than or equal to 3.00 to 1.00	3.00%	2.00%

The Applicable Margin shall be determined and adjusted quarterly on the date five (5) Business Days

after the day on which the Borrower provides a Compliance Certificate pursuant to Section 7.2(c) for the

most recently completed Reference Period of the Borrower (each such date, a “Calculation Date”);

provided that (a) the Applicable Margin shall be based on Pricing Level I until the first Calculation Date

occurring after the Closing Date and, thereafter the Pricing Level shall be determined by reference to the

Consolidated Net Leverage Ratio as of the last day of the most recently completed Reference Period of

the Borrower preceding the applicable Calculation Date, and (b) if the Borrower fails to provide a

Compliance Certificate when due as required by Section 7.2(c) for the most recently completed Reference

Period of the Borrower preceding the applicable Calculation Date, the Applicable Margin from the date

on which such Compliance Certificate was required to have been delivered shall be based on the highest

Pricing Level until such time as such Compliance Certificate is delivered, at which time the Pricing Level

shall be determined by reference to the Consolidated Net Leverage Ratio as of the last day of the most

recently completed Reference Period of the Borrower preceding such Calculation Date. The applicable

Pricing Level shall be effective from one Calculation Date until the next Calculation Date. Any

adjustment in the Pricing Level shall be applicable to all Extensions of Credit then existing or

subsequently made or issued.

Notwithstanding the foregoing, in the event that any financial statement or Compliance Certificate

delivered pursuant to Section 7.2(a), (b), or (c) is shown to be inaccurate (regardless of whether (i) this

Agreement is in effect, (ii) any Commitments are in effect, or (iii) any Extension of Credit is outstanding

when such inaccuracy is discovered or such financial statement or Compliance Certificate was delivered),

and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any

period (an “Applicable Period”) than the Applicable Margin applied for such Applicable Period, then

(A) the Borrower shall promptly (and in any case within five (5) Business Days) deliver to the

Administrative Agent a corrected Compliance Certificate for such Applicable Period, (B) the Applicable

Margin for such Applicable Period shall be determined as if the Consolidated Net Leverage Ratio in the

corrected Compliance Certificate were applicable for such Applicable Period, and (C) the Borrower shall

promptly (and in any case within five (5) Business Days) and retroactively be obligated to pay to the

Administrative Agent the accrued additional interest owing as a result of such increased Applicable

Margin for such Applicable Period, which payment shall be promptly applied by the Administrative

Agent in accordance with Section 4.4. Nothing in this paragraph shall limit the rights of the

Administrative Agent and Lenders with respect to Sections 4.1(b) and 9.2 nor any of their other rights

under this Agreement or any other Loan Document. The Borrower’s obligations under this paragraph

shall survive the termination of the Commitments and the repayment of all Obligations hereunder.

The Applicable Margins set forth above shall be increased or decreased as and to the extent required by

Section 4.13.

It is understood that this definition of “Applicable Margin” shall be effective as of the Amendment No. 2

Effective Date and shall apply as of the Amendment No. 2 Effective Date, and that the prior definition of

“Applicable Margin” applies at all times prior to the Amendment No. 2 Effective Date.

“Applicable Parties” has the meaning assigned thereto in Section 11.1(e)(ii).

“Approved Borrower Portal” has the meaning assigned thereto in Section 11.1(g).

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an

Affiliate of a Lender, or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

“Arrangers” means (a) JPMorgan, (b) Citibank, N.A., and (c) DNB Carnegie, Inc., each in its

capacity as joint lead arranger and joint bookrunner.

“Asset Disposition” means the sale, transfer, license, lease, or other disposition of any Property

(including any sale and leaseback transaction or disposition of Equity Interests, or by way of division or

merger), whether in a single transaction or a series of related transactions, by any Credit Party or any

Subsidiary thereof, and any issuance of Equity Interests by any Subsidiary of the Borrower to any Person

that is not a Credit Party or any Subsidiary thereof.

“Assignment and Assumption” means an assignment and assumption entered into by a Lender

and an Eligible Assignee (with the consent of any party whose consent is required by Section 11.9), and

accepted by the Administrative Agent, in substantially the form attached as Exhibit G or any other form

approved by the Administrative Agent.

“Attributable Indebtedness” means, on any date of determination, (a) in respect of any Capital

Lease Obligation of any Person, the capitalized amount thereof that would appear on a balance sheet of

such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic

Lease, the capitalized amount or principal amount of the remaining lease payments under the relevant

lease that would appear on a balance sheet of such Person prepared as of such date in accordance with

GAAP if such lease were accounted for as a Capital Lease Obligation.

“Availability” means, as of any date of determination, an amount equal to (a) the aggregate

Commitments at such time minus (b) the aggregate Total Credit Exposure at such time.

“Available Tenor” means, as of any date of determination and with respect to the then-current

Benchmark, as applicable, (a) if such Benchmark is a term rate, any tenor for such Benchmark (or

component thereof) that is or may be used for determining the length of an interest period pursuant to this

Agreement or (b) otherwise, any payment period for interest calculated with reference to such Benchmark

(or component thereof) that is or may be used for determining any frequency of making payments of

interest calculated with reference to such Benchmark, in each case, as of such date and not including, for

the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of

“Interest Period” pursuant to Section 4.8(c)(iv).

“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.

“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 11 U.S.C. §§ 101 et seq.

“Base Rate” means, at any time, the highest of (a) the Prime Rate, (b) the Federal Funds Rate plus

0.50%, and (c) Term SOFR for a one-month tenor in effect on such day plus 1%; each change in the Base

Rate shall take effect simultaneously with the corresponding change or changes in the Prime Rate, the

Federal Funds Rate, or Term SOFR, as applicable (provided that clause (c) shall not be applicable during

any period in which Term SOFR is unavailable or unascertainable). Notwithstanding the foregoing, in no

event shall the Base Rate be less than the Floor.

“Base Rate Loan” means any Loan bearing interest at a rate based upon the Base Rate as

provided in Section 4.1(a).

“Benchmark” means, initially, the Term SOFR Reference Rate; provided that if a Benchmark

Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current

Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such

Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 4.8(c)(i).

“Benchmark Replacement” means, with respect to any Benchmark Transition Event, the sum of:

(a) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower

giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the

mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-

prevailing market convention for determining a benchmark rate as a replacement to the then-current

Benchmark for Dollar-denominated syndicated credit facilities at such time and (b) the related Benchmark

Replacement Adjustment; provided that, if such Benchmark Replacement for any determination is less

than the Floor, such Benchmark Replacement will be deemed to be the Floor for such determination.

“Benchmark Replacement Adjustment” means, with respect to any replacement of the then-

current Benchmark with an Unadjusted Benchmark Replacement for any applicable Available Tenor, the

spread adjustment, or method for calculating or determining such spread adjustment, (which may be a

positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower

giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for

calculating or determining such spread adjustment, for the replacement of such Benchmark with the

applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving

or then-prevailing market convention for determining a spread adjustment, or method for calculating or

determining such spread adjustment, for the replacement of such Benchmark with the applicable

Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time.

“Benchmark Replacement Date” means the earliest to occur of the following events with respect

to the then-current Benchmark:

(a)in the case of clause (a) or (b) of the definition of “Benchmark Transition Event,” the

later of (i) the date of the public statement or publication of information referenced therein and (ii) the

date on which the administrator of such Benchmark (or the published component used in the calculation

thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such

component thereof); or

(b)in the case of clause (c) of the definition of “Benchmark Transition Event,” the first date

on which such Benchmark (or the published component used in the calculation thereof) has been

determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such

component thereof) to be non-representative; provided that such non-representativeness will be

determined by reference to the most recent statement or publication referenced in such clause (c) and even

if any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such

date.

For the avoidance of doubt, the “Benchmark Replacement Date” will be deemed to have occurred

in the case of clause (a) or (b) with respect to any Benchmark upon the occurrence of the applicable event

or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the

published component used in the calculation thereof).

“Benchmark Transition Event” means the occurrence of one or more of the following events with

respect to the then-current Benchmark:

(a)a public statement or publication of information by or on behalf of the administrator of

such Benchmark (or the published component used in the calculation thereof) announcing that such

administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such

component thereof), permanently or indefinitely; provided that, at the time of such statement or

publication, there is no successor administrator that will continue to provide any Available Tenor of such

Benchmark (or such component thereof);

(b)a public statement or publication of information by the regulatory supervisor for the

administrator of such Benchmark (or the published component used in the calculation thereof), the FRB,

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

(c)a public statement or publication of information by the regulatory supervisor for the

administrator of such Benchmark (or the published component used in the calculation thereof)

announcing that all Available Tenors of such Benchmark (or such component thereof) are not, or as of a

specified future date will not be, representative.

For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred

with respect to any Benchmark if a public statement or publication of information set forth above has

occurred with respect to each then-current Available Tenor of such Benchmark (or the published

component used in the calculation thereof).

“Benchmark Transition Start Date” means, in the case of a Benchmark Transition Event, the

earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is

a public statement or publication of information of a prospective event, the 90th day prior to the expected

date of such event as of such public statement or publication of information (or if the expected date of

such prospective event is fewer than 90 days after such statement or publication, the date of such

statement or publication).

“Benchmark Unavailability Period” means the period (if any) (a) beginning at the time that a

Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the

then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with

Section 4.8(c)(i) and (b) ending at the time that a Benchmark Replacement has replaced the then-current

Benchmark for all purposes hereunder and under any Loan Document in accordance with Section

4.8(c)(i).

“Beneficial Ownership Certification” means a certification regarding beneficial ownership as

required by the Beneficial Ownership Regulation.

“Beneficial Ownership Regulation” means 31 CFR § 1010.230.

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject

to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code, or (c) any Person

whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA

or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

“Bilateral LC Documents” means with respect to any outstanding letter of credit issued for the

account of the Borrower or any of its Subsidiaries, which is not a Letter of Credit under this Agreement,

such letter of credit, the applicable letter of credit application, the applicable letter of credit agreement or

reimbursement agreement, and any other document, agreement, and instrument required by the applicable

issuing lender and relating to such letter of credit, in each case in the form agreed to by the applicable

issuing lender from time to time and the Borrower or its applicable Subsidiary.

“Borrower” means Oceaneering International, Inc., a Delaware corporation.

“Borrower Materials” has the meaning assigned thereto in Section 7.2.

“Business Day” means any day that is not a Saturday, Sunday, or other day on which the Federal

Reserve Bank of New York is closed.

“Calculation Date” has the meaning assigned thereto in the definition of Applicable Margin.

“Capital Lease Obligations” of any Person means, subject to Section 1.3(b), 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 finance 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.

“Cash Collateralize” means, to pledge and deposit with, or deliver to the Administrative Agent, or

directly to the applicable Issuing Lender (with notice thereof to the Administrative Agent), for the benefit

of one or more of the Issuing Lenders or the Lenders, as collateral for L/C Obligations or obligations of

the Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or, if

the Administrative Agent and the applicable Issuing Lender shall agree, in their sole discretion, other

credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to

the Administrative Agent and such Issuing Lender. “Cash Collateral” shall have a meaning correlative to

the foregoing and shall include the proceeds of such cash collateral and other credit support.

“Cash Collateralized Letter of Credit” has the meaning assigned thereto in Section 3.12(d).

“Cash Equivalents” means, collectively, (a) marketable direct obligations issued or

unconditionally guaranteed by the United States or any agency thereof to the extent such obligations are

backed by the full faith and credit of the United States, in each case maturing within one (1) year from the

date of acquisition thereof, (b) commercial paper maturing no more than two hundred seventy (270) days

from the date of creation thereof and currently having the highest rating obtainable from either S&P or

Moody’s (or, if at any time either S&P or Moody’s are not rating such fund, an equivalent rating from

another nationally recognized statistical rating agency), (c) investments in certificates of deposit, banker’s

acceptances, money market deposits and time deposits maturing within one hundred eighty (180) days

from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit

accounts issued or offered by, any domestic office of any commercial bank organized under the laws of

the United States of America or any state thereof that has a combined capital and surplus and undivided

profits of not less than $500,000,000 and having a long-term debt rating of “A” or better by S&P or “A2”

or better from Moody’s (or, if at any time either S&P or Moody’s are not rating the debt of such bank, an

equivalent rating from another nationally recognized statistical rating agency), (d) investments in any

money market fund or money market mutual fund that has (i) substantially all of its assets invested in the

types of investments referred to in clauses (a) through (c) above, (ii) net assets of not less than

$250,000,000 and (iii) a rating of at least A-2 from S&P or at least P-2 from Moody’s (or, if at any time

either S&P or Moody’s are not rating such fund, an equivalent rating from another nationally recognized

statistical rating agency), and (e) solely with respect to any Subsidiary domiciled outside the United

States, substantially equivalent investments to those outlined in clauses (a) through (d) above which are

reasonably comparable in tenor and credit quality (taking into account the jurisdiction where such

Subsidiary conducts business) and customarily used in the ordinary course of business by similar

companies for cash management purposes in any jurisdictions in which such Person conducts business (it

being understood that such investments may be denominated in the currency of any jurisdiction in which

such Person conducts business).

“Cash Management Agreement” means any agreement to provide cash management services,

including treasury, depository, overdraft, credit or debit card, electronic funds transfer, accounts

receivable and other cash management arrangements in the ordinary course of business of the Borrower

and its Subsidiaries.

“Cash Management Bank” means any Person that, at the time it enters into a Cash Management

Agreement (or at the time the applicable Cash Management Agreement is designated as giving rise to

Secured Cash Management Obligations), is (a) the Administrative Agent or an Affiliate thereof, or (b) a

Lender or an Affiliate of a Lender.

“CFC” means (a) any Subsidiary that is a “controlled foreign corporation” under Section 957 of

the Code and (b) any Subsidiary owned, directly or indirectly, by a Subsidiary described in clause (a).

“CFC Holdco” means a Subsidiary substantially all the assets of which consist (either directly or

indirectly through one or more other Subsidiaries) of Equity Interests in Foreign Subsidiaries that each

constitute a CFC and/or Indebtedness or accounts receivable owed by Foreign Subsidiaries that each

constitute a CFC or are treated as owed by any such Foreign Subsidiaries for U.S. federal income tax

purposes.

“Change in Law” means the occurrence, after the date of this Agreement (or with respect to any

Lender, if later, the date on which such Lender becomes a Lender), of any of the following: (a) the

adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation

or treaty or in the administration, interpretation, implementation or application thereof by any

Governmental Authority, or (c) the making or issuance of any request, rule, guideline, or directive

(whether or not having the force of law) by any Governmental Authority; provided that notwithstanding

anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and

all requests, rules, guidelines, requirements or directives thereunder or issued in connection therewith or

in implementation thereof and (ii) all requests, rules, guidelines, requirements, or directives promulgated

by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor

or similar authority), or the United States or foreign regulatory authorities, in each case pursuant to Basel

III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted,

implemented, or issued.

“Change of Control” shall be deemed to have occurred if (a) any person (as such term is used in

Section 13(d) and Section 14(d)(2) of the Exchange Act) or related persons constituting a group (as such

term is used in Rule 13d-5 under the Exchange Act), other than an Affiliate described on Schedule III,

become the “beneficial owners” (as such term is used in Rule 13d-3 under the Exchange Act), directly or

indirectly, of more than 50% of the total voting power of all classes then outstanding of the Borrower’s

voting Equity Interests or (b) there shall have occurred under any Senior Note Documents evidencing

Senior Notes in excess of $50,000,000 in the aggregate, any “change in control” or similar provision (as

set forth in any such document) obligating the Borrower or any of its Subsidiaries to repurchase, redeem,

or repay all or any part of the Indebtedness provided for therein.

“Closing Date” means the date of this Agreement.

“Code” means the Internal Revenue Code of 1986, and the rules and regulations promulgated

thereunder.

“Collateral” means the collateral security for the Secured Obligations pledged or granted by any

Credit Party pursuant to the Security Documents.

“Commitment Fee” has the meaning assigned thereto in Section 4.3(a).

“Commitment Fee Rate” means the corresponding percentages per annum as set forth below

based on the Utilization Percentage:


Utilization Percentage	Commitment Fee
Greater than or equal to 66.0%	0.300%


Less than 66.0%, but greater than 33.0%	0.350%
Less than or equal to 33.0%	0.375%

The Commitment Fee Rates set forth above shall be increased or decreased as and to the extent

required by Section 4.13.

“Commitment Percentage” means, with respect to any Lender at any time, the percentage of the

total Commitments of all the Lenders represented by such Lender’s Commitment. If the Commitments

have terminated or expired, the Commitment Percentages shall be determined based upon the

Commitments most recently in effect, giving effect to any assignments. The Commitment Percentage of

each Lender on the Closing Date is set forth opposite the name of such Lender on Schedule 1.1(a).

“Commitments” means (a) as to any Lender, the obligation of such Lender to make Loans to, and

to purchase participations in L/C Obligations for the account of, the Borrower hereunder in an aggregate

principal amount at any time outstanding not to exceed the amount set forth opposite such Lender’s name

on the Register, as such amount may be modified at any time or from time to time pursuant to the terms

hereof (including Section 4.13) and (b) as to all Lenders, the aggregate commitment of all Lenders to

make Loans, as such amount may be modified at any time or from time to time pursuant to the terms

hereof (including Section 4.13). The aggregate Commitment of all the Lenders as of the Amendment No.

2 Effective Date is $345,000,000. The Commitment of each Lender on the Closing Date is set forth

opposite the name of such Lender on Schedule 1.1(a).

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.).

“Competitor” means any Person that is a bona fide direct competitor of the Borrower or any of its

Subsidiaries in the same industry or a similar industry which offers a similar product or service as the

Borrower or any of its Subsidiaries.

“Compliance Certificate” means a certificate of a Responsible Financial Officer of the Borrower

substantially in the form attached as Exhibit F.

“Conforming Changes” means, with respect to either the use or administration of Term SOFR or

the use, administration, adoption, or implementation of any Benchmark Replacement, any technical,

administrative, or operational changes (including changes to the definition of “Base Rate,” the definition

of “Business Day,” the definition of “U.S. Government Securities Business Day,” the definition of

“Interest Period,” or any similar or analogous definition (or the addition of a concept of “interest period”),

timing and frequency of determining rates and making payments of interest, timing of borrowing requests

or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the

applicability of Section 4.9 and other technical, administrative, or operational matters) that the

Administrative Agent decides may be appropriate to reflect the adoption and implementation of any such

rate or to permit the use and administration thereof by the Administrative Agent in a manner substantially

consistent with market practice (or, if the Administrative Agent 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 any such rate 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).

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by

net income (however denominated) or that are franchise Taxes or branch profits Taxes.

“Consolidated” means, when used with reference to financial statements or financial statement

items of any Person, such statements or items on a consolidated basis in accordance with applicable

principles of consolidation under GAAP.

“Consolidated Cash Balance” means, as of any date of determination, an amount equal to the

aggregate amount of cash and Cash Equivalents held or owned by (whether directly or indirectly),

credited to the account of, or otherwise reflected as an asset on the balance sheet of, the Borrower and its

Subsidiaries; provided that the Consolidated Cash Balance shall exclude, without duplication, the sum of

(a) checks issued, wires initiated, or ACH transfers initiated, in any case, to non-Affiliate third parties or

to Affiliates not constituting Subsidiaries on account of transactions not prohibited under this Agreement,

(b) any Cash Collateral which Cash Collateralizes the L/C Obligations or the obligations of the Lenders to

fund participations in respect of L/C Obligations, (c) any cash and Cash Equivalents set aside in

connection with permitted Acquisitions and other permitted Investments and constituting purchase price

pledges and/or deposits made or held pursuant to a binding and enforceable purchase and sale agreement

or similar binding and enforceable agreement with an unaffiliated third party containing customary

provisions, including, without limitation, provisions regarding the payment and refunding of such

deposits, and (d) any cash or Cash Equivalents set aside to pay severance and ad valorem Taxes, payroll,

payroll Taxes, other Taxes, employee wage and benefits payments, and trust and fiduciary obligations or

other similar obligations or payments of the Borrower or any applicable Subsidiary to unaffiliated third

parties, in each case, that the Borrower or the applicable Subsidiary reasonably anticipates in good faith

will become due and payable within thirty (30) days.

“Consolidated EBITDA” means, for any period, the sum of Consolidated Net Income during such

period plus, to the extent deducted in determining Consolidated Net Income, (a) all provisions for any

Federal, state or local income Taxes made by the Borrower and its Subsidiaries during such period, (b) all

provisions for depreciation and amortization (other than amortization of debt discount) made by the

Borrower and its Subsidiaries during such period, (c) any other non-cash charge to the extent such non-

cash charge reduces Consolidated Net Income, including non-cash compensation expense or other non-

cash expenses or charges, for such period arising from the granting of stock options, stock appreciation

rights, or similar equity arrangements (in any case, as reduced by any adjustment for the amount of cash

pay-outs of non-cash charges or expenses from prior fiscal periods), (d) Consolidated Interest Expense

during such period, (e) unusual, extraordinary, or non-recurring expenses paid in cash during such period,

and (f) transaction fees, costs, and expenses resulting from (i) the preparation and negotiation of this

Agreement, any other Loan Document, and any other agreement or document executed or delivered in

connection therewith (including any amendment, waiver, supplement, or other modification to any Loan

Document), (ii) the preparation and negotiation of any agreement or document executed or delivered in

connection with any Indebtedness not prohibited by this Agreement, or (iii) any Investment, merger,

consolidation, or similar transaction, or any Asset Disposition, in each case not prohibited by this

Agreement, all determined on a Consolidated basis in accordance with GAAP.

“Consolidated Interest Coverage Ratio” means, as of any date of determination, the ratio of (a)

Consolidated EBITDA for the most recently completed Reference Period to (b) Consolidated Interest

Expense for the most recently completed Reference Period.

“Consolidated Interest Expense” means, for any period, all interest (including the interest

component of Capital Lease Obligations) and all amortization of debt discount and expense on any

particular Indebtedness (including payment-in-kind, zero coupon, and other like Securities) of the

Borrower and its Subsidiaries for which such calculations are being made as determined in accordance

with GAAP. Computations of Consolidated Interest Expense on a pro-forma basis for Indebtedness

having a variable interest rate shall be calculated at the rate in effect on the date of any determination.

“Consolidated Net Income” means, for any period, the gross revenues of the Borrower and its

Subsidiaries for such period less all expenses and other proper charges (including Taxes on income),

determined on a Consolidated basis after eliminating earnings or losses attributable to outstanding

Minority Interests, but excluding in any event:

(a)the proceeds of any life insurance policy;

(b)net earnings and losses of any Subsidiary of the Borrower accrued prior to the date it

became a Subsidiary of the Borrower;

(c)net earnings and losses of any Person (other than a Subsidiary of the Borrower),

substantially all the assets of which have been acquired in any manner by the Borrower or any of its

Subsidiaries, realized by such Person prior to the date of such acquisition;

(d)net earnings and losses of any Person (other than a Subsidiary of the Borrower) with

which the Borrower or a Subsidiary of the Borrower shall have consolidated or which shall have merged

into or with the Borrower or a Subsidiary of the Borrower prior to the date of such consolidation or

merger;

(e)net earnings of any Person (other than a Subsidiary of the Borrower) in which the

Borrower or any Subsidiary of the Borrower has an ownership interest unless such net earnings shall have

actually been received by the Borrower or such Subsidiary of the Borrower in the form of cash

distributions;

(f)any portion of the net earnings of any Subsidiary of the Borrower which for any reason is

unavailable for payment of dividends to the Borrower or any other Subsidiary of the Borrower;

(g)earnings and losses resulting from any reappraisal, revaluation, write-up, or write-down

of assets other than in the ordinary course of business;

(h)any gains or losses on the sale or other disposition of Investments or fixed or capital

investments (other than gains or losses in the ordinary course of business as determined in accordance

with GAAP), and any Taxes on such excluded gains and any Tax deductions or credits on account of any

such excluded losses;

(i)any non-cash gains to the extent such non-cash gains increase Consolidated Net Income

for such period; and

(j)any other extraordinary or non-recurring gain or loss, including the cumulative effect of

changes to GAAP.

“Consolidated Net Leverage Ratio” means, as of any date of determination, the ratio of (a)(i)

Consolidated Total Indebtedness on such date minus (ii) either (A) if the aggregate principal amount of all

outstanding Loans on such date of determination is less than $100,000,000, all Excess Unrestricted Cash

and Cash Equivalents on such date or (B) if the aggregate principal amount of all outstanding Loans on

such date of determination is greater than or equal to $100,000,000, Excess Unrestricted Cash and Cash

Equivalents on such date in an amount not to exceed $200,000,000, to (b) Consolidated EBITDA for the

most recently completed Reference Period.

“Consolidated Total Assets” means, as of any date of determination with respect to the Borrower

and its Subsidiaries on a Consolidated basis without duplication, the total assets of the Borrower and its

Subsidiaries as determined in accordance with GAAP and shown on the most recent Consolidated balance

sheet of the Borrower delivered to the Administrative Agent pursuant to Section 5.1(f)(i), 7.2(a), or (b).

“Consolidated Total Indebtedness” means, as of any date of determination with respect to the

Borrower and its Subsidiaries on a Consolidated basis without duplication, the sum of all Indebtedness of

the Borrower and its Subsidiaries constituting Indebtedness pursuant to clauses (a), (c), (d), (e) (other than

contingent reimbursement obligations with respect to such Indebtedness), or (h) (to the extent such

Guarantee is in respect of Indebtedness of the type described in clause (a), (c), (d), or (e) of such

definition) of such definition.

“Control” means the possession, directly or indirectly, of the power to direct or cause the

direction of the management or policies of a Person, whether through the ability to exercise voting power,

by contract, or otherwise. “Controlling” and “Controlled” have meanings correlative thereto.

“Controlled Group” means all members of a controlled group of corporations and all businesses

(whether or not incorporated) under common control which, together with any Credit Party, are treated as

a single employer under Section 414 of the Code or Section 4001(b) of ERISA.

“Covered Party” has the meaning assigned thereto in Section 11.24(a).

“Credit Facility” means, collectively, the Revolving Credit Facility and the L/C Facility.

“Credit Parties” means, collectively, the Borrower and the Guarantors.

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

liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,

rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States

or other applicable jurisdictions from time to time in effect.

“Default” means (a) any Event of Default or (b) any of the events specified in Section 9.1 which

with the passage of time, the giving of notice or any other condition specified in this Agreement, would

constitute an Event of Default.

“Defaulting Lender” means, subject to Section 4.15(b), any Lender that (a) has failed to (i) fund

all or any portion of the Loans required to be funded by it hereunder within two (2) Business Days of the

date such Loans were required to be funded hereunder unless such Lender notifies the Administrative

Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one

or more conditions precedent to funding (each of which conditions precedent, together with any

applicable default, shall be specifically identified in such writing) has not been satisfied or (ii) pay to the

Administrative Agent, any Issuing Lender, or any other Lender any other amount required to be paid by it

hereunder (including in respect of participations in Letters of Credit) within two (2) Business Days of the

date when due, (b) has notified the Borrower, the Administrative Agent or any Issuing Lender in writing

that it does not intend to comply with its funding obligations hereunder, or has made a public statement to

that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan

hereunder and states that such position is based on such Lender’s determination that a condition precedent

to funding (which condition precedent, together with any applicable default, shall be specifically

identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3)

Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to

the Administrative Agent and the Borrower that it will comply with its prospective funding obligations

hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c)

upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or

has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor

Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for

the benefit of creditors, or similar Person charged with reorganization or liquidation of its business or

assets, including the FDIC or any other state or federal regulatory authority acting in such a capacity, or

(iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender

solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or

indirect parent company thereof by a Governmental Authority so long as such ownership interest does not

result in or provide such Lender with immunity from the jurisdiction of courts within the United States or

from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such

Governmental Authority) to reject, repudiate, disavow, or disaffirm any contracts or agreements made

with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender

under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest

error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 4.15(b)) upon

delivery of written notice of such determination to the Borrower, each Issuing Lender, and each Lender.

“Designated Non-Cash Consideration” means the fair market value of non-cash consideration

received by the Borrower or a Subsidiary in connection with an Asset Disposition pursuant to Section

8.5(n) that is designated as Designated Non-Cash Consideration pursuant to a certificate of a Responsible

Officer delivered to the Administrative Agent on or prior to the date such Asset Disposition is

consummated, setting forth the basis of such valuation, less the amount of cash or Cash Equivalents

received in connection with a subsequent sale of or conversion of or collection on such Designated Non-

Cash Consideration; provided that the aggregate amount of such Designated Non-Cash Consideration

during the term of this Agreement for Asset Dispositions shall not exceed $25,000,000.

“Disqualified Equity Interests” means, with respect to any Person, any Equity Interests of such

Person that, by their terms (or by the terms of any security or other Equity Interest into which they are

convertible or for which they are exchangeable) or upon the happening of any event or condition, (a)

mature or are mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a

sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any

rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject

to the prior repayment in full in cash of the Loans and all other Obligations (other than contingent

reimbursement and indemnification obligations not then due) and the termination of the Commitments),

(b) are redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests)

(except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the

occurrence of a change of control or asset sale event shall be subject to the prior repayment in full in cash

of the Loans and all other Obligations (other than contingent reimbursement and indemnification

obligations not then due) and the termination of the Commitments), in whole or in part, (c) provide for the

scheduled payment of dividends in cash, or (d) are or become convertible into, or exchangeable for,

Indebtedness, or any other Equity Interests that would constitute Disqualified Equity Interests, in each

case of clauses (a) through (d), prior to the date that is 91 days after the latest scheduled maturity date of

the Loans and Commitments; provided that if such Equity Interests are issued pursuant to a plan for the

benefit of the Borrower or its Subsidiaries or by any such plan to such officers or employees, such Equity

Interests shall not constitute Disqualified Equity Interests solely because they may be required to be

repurchased by the Borrower or its Subsidiaries in order to satisfy applicable statutory or regulatory

obligations.

“Disqualified Institution” means, on any date, (a) any Person designated by the Borrower as a

“Disqualified Institution” by written notice delivered to the Administrative Agent prior to the Closing

Date, (b) any other Person that is a Competitor of the Borrower or any of its Subsidiaries, which Person

has been designated by the Borrower as a “Disqualified Institution” by written notice to the

Administrative Agent (which such notice shall specify such Person by exact legal name) not less than

three (3) Business Days prior to such date, and (c) Affiliates of any Person described in the preceding

clauses (a) or (b) to the extent such Affiliates are clearly identifiable on the basis of such Affiliates’

names; provided that “Disqualified Institutions” shall exclude any Person that the Borrower has

designated as no longer being a “Disqualified Institution” by written notice delivered to the

Administrative Agent from time to time; provided, further, that any bona fide debt fund or investment

vehicle that is engaged in making, purchasing, holding, or otherwise investing in commercial loans and

similar extensions of credit in the ordinary course of business which is managed, sponsored, or advised by

any Person Controlling, Controlled by, or under common Control with such Competitor or its Controlling

owner and for which no personnel involved with the competitive activities of such Competitor or

Controlling owner (i) makes any investment decisions for such debt fund or (ii) has access to any

confidential information (other than publicly available information) relating to the Borrower and its

Subsidiaries shall be deemed not to be a Competitor of the Borrower or any of its Subsidiaries. The list of

Disqualified Institutions and any updates thereto shall be delivered to the Administrative Agent at

[email protected] (or to such other address as the Administrative Agent may designate to

the Borrower from time to time). Any additions, deletions or other modifications to the list of

Disqualified Institutions shall become effective three (3) Business Days after delivery thereof to the

Administrative Agent. No designation or update of the list of Disqualified Institutions shall apply

retroactively to disqualify any Person that has previously acquired an assignment or participation interest

under this Agreement or any prior or pending assignment or participation to any Lender permitted

hereunder at the time the trade is entered into for such assignment or participation.

“Dollars” or “$” means, unless otherwise qualified, dollars in lawful currency of the United

States.

“Domestic Subsidiary” means any Subsidiary organized under the laws of any political

subdivision of the United States.

“DQ List” has the meaning assigned thereto in Section 11.9(f)(iv).

“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 credit institution or investment firm established in any EEA

Member Country.

“Electronic Record” has the meaning assigned to that term in, and shall be interpreted in

accordance with, 15 U.S.C. 7006.

“Electronic Signature” has the meaning assigned to that term in, and shall be interpreted in

accordance with, 15 U.S.C. 7006.

“Eligible Assignee” means any Person that meets the requirements to be an assignee under

Section 11.9(b)(iii) and (v) (subject to such consents, if any, as may be required under

Section 11.9(b)(iii)). For the avoidance of doubt, any Disqualified Institution is subject to Section 11.9(f).

“Environment” or “Environmental” shall have the meanings set forth in 42 U.S.C. 9601(8)

(1988).

“Environmental Claim” means any third party (including Governmental Authorities and

employees) action, lawsuit, claim, demand, regulatory action or proceeding, order, decree, consent

agreement, or notice of potential or actual responsibility or violation (including claims or proceedings

under the Occupational Safety and Health Acts or similar Applicable Law relating to health or safety of

employees) which seeks to impose liability under any Environmental Law.

“Environmental Law” means all federal, state, foreign, provincial, and local laws, rules,

regulations, ordinances, orders, decisions, agreements, and other Applicable Law, including common law

theories applicable to the Borrower, any Subsidiary or any Property of the Borrower or Subsidiary, and

relating to, or in connection with the Environment, health, or safety, including CERCLA, relating to

(a) pollution, contamination, injury, destruction, loss, protection, cleanup, reclamation, or restoration of

the air, surface water, groundwater, land surface or subsurface strata, or other natural resources;

(b) generation, manufacture, handling, distribution in commerce, use, treatment, processing, recycling,

reclamation, cleanup, storage, disposal, or transportation of Hazardous Substances; (c) exposure of any

Person or Property to Hazardous Substances; or (d) the safety or health of employees.

“Environmental Permit” means any permit, license, order, approval, registration, or other

authorization under Environmental Law.

“Equity Interests” means (a) in the case of a corporation, capital stock, (b) in the case of an

association or business entity, any and all shares, interests, participations, rights, or other equivalents

(however designated) of capital stock, (c) in the case of a partnership, partnership interests (whether

general or limited), (d) in the case of a limited liability company, membership interests, (e) any other

interest or participation that confers on a Person the right to receive a share of the profits and losses of, or

distributions of assets of, the issuing Person, and (f) any and all warrants, rights, or options to purchase

any of the foregoing.

“ERISA” means the Employee Retirement Income Security Act of 1974, and the rules and

regulations thereunder.

“Erroneous Payment” has the meaning assigned thereto in Section 10.12(a).

“Erroneous Payment Deficiency Assignment” has the meaning assigned thereto in Section

10.12(d).

“Erroneous Payment Impacted Loans” has the meaning assigned thereto in Section 10.12(d).

“Erroneous Payment Return Deficiency” has the meaning assigned thereto in Section 10.12(d).

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the

Loan Market Association (or any successor thereto), as in effect from time to time.

“Event of Default” means any of the events specified in Section 9.1; provided that any

requirement for passage of time, giving of notice, or any other condition, has been satisfied.

“Excess Unrestricted Cash and Cash Equivalents” means, as of any date of determination, the

amount of Unrestricted Cash and Cash Equivalents that is in excess of $100,000,000.

“Exchange Act” means the Securities Exchange Act of 1934 (15 U.S.C. § 77 et seq.).

“Excluded Perfection Collateral” shall mean, unless otherwise elected by the Administrative

Agent during the existence of an Event of Default, collectively (a) assets requiring perfection through

control agreements (other than control of Pledged Interests or Pledged Shares (each as defined in the

Security Agreement)), (b) any Property to the extent any filings or other perfection steps would be

required with any foreign Governmental Authority, (c) vehicles and other certificated or titled equipment,

and (d) any other Property (i) in which a security interest cannot be perfected by the filing of a financing

statement under the UCC or (ii) with respect to which the Administrative Agent has determined, in its

reasonable discretion, that the cost of perfecting a security interest in such Property outweighs the benefit

of the Lien afforded thereby.

“Excluded Swap Obligation” means, with respect to any Credit Party, any Swap Obligation if,

and to the extent that, all or a portion of the liability of such Credit Party for or the guarantee of such

Credit Party of, or the grant by such Credit Party of a security interest to secure, such Swap Obligation (or

any liability or 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 Credit Party’s failure for any reason to constitute an

“eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder

at the time the liability for or the guarantee of such Credit Party or the grant of such security interest

becomes effective with respect to such Swap Obligation (such determination being made after giving

effect to any applicable keepwell, support or other agreement for the benefit of the applicable Credit

Party, including under the keepwell provisions in the applicable Guaranty Agreement). If a Swap

Obligation arises under a master agreement governing more than one swap, such exclusion shall apply

only to the portion of such Swap Obligation that is attributable to swaps for which such guarantee or

security interest is or becomes illegal for the reasons identified in the immediately preceding sentence of

this definition.

“Excluded Taxes” means any of the following Taxes imposed on or with respect to a Recipient or

required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by

net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed

as a result of such Recipient being organized under the laws of, or having its principal office or, in the

case of any Lender, its applicable Lending Office located in, the jurisdiction imposing such Tax (or any

political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, United

States federal withholding Taxes imposed on amounts payable to or for the account of such Lender with

respect to an applicable interest in a Loan, Commitment, or Letter of Credit pursuant to a law in effect on

the date on which (i) such Lender acquires such interest in the Loan, Commitment, or Letter of Credit

(other than pursuant to an assignment request by the Borrower under Section 4.12(b)) or (ii) such Lender

changes its Lending Office, except in each case to the extent that, pursuant to Section 4.11, 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, (c) Taxes

attributable to such Recipient’s failure to comply with Section 4.11(g), and (d) any withholding Taxes

imposed under FATCA.

“Existing Credit Agreement” means that certain Credit Agreement dated as of October 27, 2014,

among the Borrower, the lenders party thereto, and Wells Fargo Bank, National Association, as

administrative agent and swing line lender, as amended or otherwise modified as of the Closing Date.

“Extended Lender” has the meaning assigned thereto in Section 4.17.

“Extended Letter of Credit” has the meaning assigned thereto in Section 3.1(b).

“Extensions of Credit” means, as to any Lender at any time, (a) an amount equal to the sum of

(i) the aggregate principal amount of all Loans made by such Lender then outstanding and (ii) such

Lender’s Commitment Percentage of the L/C Obligations then outstanding or (b) the making of any Loan

or participation in any Letter of Credit by such Lender, as the context requires.

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

Standards Board.

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or

any amended or successor version that is substantively comparable and not materially more onerous to

comply with), 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.

“FDIC” means the Federal Deposit Insurance Corporation.

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the

rates on overnight federal funds transactions with members of the Federal Reserve System, as published

by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that

if such rate is not so published for any day which is a Business Day, the Federal Funds Rate for such day

shall be the average of the quotation for such day on such transactions received by the Administrative

Agent from three federal funds brokers of recognized standing selected by the Administrative Agent.

Notwithstanding the foregoing, if the Federal Funds Rate for any determination is less than the Floor,

such rate shall be deemed to be the Floor for such determination.

“Fee Letters” means (a) each of the fee letters, dated as of May 29, 2026, between the New

Administrative Agent and the Borrower, (b) any letter between the Borrower and any Issuing Lender

relating the certain fees payable to such Issuing Lender in its capacity as such, and (c) any other fee letters

that may hereafter be entered into between the Borrower, the Administrative Agent, or any Arranger.

“First Tier Foreign Subsidiary” means any Foreign Subsidiary, the Equity Interests of which are

owned directly by one or more Credit Parties.

“Fiscal Year” means the fiscal year of the Borrower and its Subsidiaries.

“Floor” means a rate of interest equal to 0%.

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

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.

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

“Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to any Issuing

Lender, such Defaulting Lender’s Commitment Percentage of the outstanding L/C Obligations with

respect to Letters of Credit issued by such Issuing Lender, other than such L/C 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.

“Fund” means any Person (other than a natural Person) that is (or will be) engaged in making,

purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in

the ordinary course of its activities.

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

opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified

Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or

such other principles as may be approved by a significant segment of the accounting profession in the

United States, that are applicable to the circumstances as of the date of determination, consistently

applied.

“Governmental Approvals” means all authorizations, consents, approvals, permits, licenses, and

exemptions of, and all registrations and filings with or issued by, any Governmental Authorities.

“Governmental Authority” means the government of the United States or any other nation, or of

any political subdivision thereof, whether state or local, and any agency, authority, instrumentality,

regulatory body, court, central bank, or other entity exercising executive, legislative, judicial, taxing,

regulatory, or administrative powers or functions of or pertaining to government (including any supra-

national bodies such as the European Union or the European Central Bank).

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise,

of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other

obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and

including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply

funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance

or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease

property, securities, or services for the purpose of assuring the owner of such Indebtedness or other

obligation of the payment thereof, (c) to maintain working capital, equity capital, or any other financial

statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such

Indebtedness or other obligation, (d) as an account party in respect of any letter of credit or letter of

guaranty issued to support such Indebtedness or obligation, or (e) for the purpose of assuring in any other

manner the obligee in respect of such Indebtedness or other obligation of the payment or performance

thereof or to protect such obligee against loss in respect thereof (whether in whole or in part); provided

that the term “Guarantee” shall not include endorsements for collection or deposit, in each case, in the

ordinary course of business, or customary and reasonable indemnity obligations in connection with any

disposition of assets permitted under this Agreement (other than any such obligations with respect to

Indebtedness).

“Guarantors” means, collectively, (a) the Borrower, (b) the Subsidiaries of the Borrower listed on

Schedule 6.1 that are identified as a “Guarantor”, and (c) each other Subsidiary of the Borrower that shall

be required to execute and deliver a guaranty or guaranty supplement pursuant to Section 7.6.

“Guaranty Agreement” means the unconditional guaranty agreement of even date herewith

executed by the Guarantors in favor of the Administrative Agent, for the ratable benefit of the Secured

Parties, which shall be in form and substance acceptable to the Administrative Agent.

“Hazardous Substance” means any substance or material identified as such or regulated pursuant

to any applicable Environmental Law, including (i) chemical, product, material, substance or waste

defined as or included in the definition of “hazardous substance,” “hazardous material,” “hazardous

waste,” “restricted hazardous waste,” “extremely hazardous waste,” “solid waste,” “toxic waste,”

“extremely hazardous substance,” “toxic substance,” “toxic pollutant,” “contaminant,” “pollutant,” or

words of similar meaning or import found in any applicable Environmental Law; (ii) petroleum

hydrocarbons, petrochemical or petroleum products, petroleum substances, natural gas, crude oil, or any

components, fractions, or derivatives thereof; (iii) asbestos containing materials, polychlorinated

biphenyls, urea formaldehyde foam insulation, or radon gas; and (iv) radioactive material, waste and

pollutants, radiation, radionuclides and their progeny, or nuclear waste, including used nuclear fuel.

“Hedge 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.

“Hedge Termination Value” means, in respect of any one or more Hedge Agreements, after

taking into account the effect of any legally enforceable netting agreement relating to such Hedge

Agreements, (a) for any date on or after the date such Hedge Agreements have been closed out and

termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date

prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for

such Hedge Agreements, as determined based upon one or more mid-market or other readily available

quotations provided by any recognized dealer in such Hedge Agreements (which may include a Lender or

any Affiliate of a Lender).

“Increase Effective Date” has the meaning assigned thereto in Section 4.13(c).

“Incremental Amendment” has the meaning assigned thereto in Section 4.13(f).

“Incremental Facilities Limit” means $85,000,000 less the total aggregate initial principal amount

(as of the date of incurrence thereof) of all previously incurred Incremental Increases.

“Incremental Increase” has the meaning assigned thereto in Section 4.13(a).

“Incremental Lender” has the meaning assigned thereto in Section 4.13(b).

“Indebtedness” means, with respect to any Person at any date and without duplication, the sum of

the following:

(a)all its liabilities for borrowed money;

(b)its liabilities for the deferred purchase price of Property acquired by such Person

(excluding accounts payable arising in the ordinary course of business but including all liabilities created

or arising under any conditional sale or other title retention agreement with respect to any such Property;

(c)the Attributable Indebtedness of such Person with respect to Capital Lease Obligations

and obligations with respect to Synthetic Leases (regardless of whether accounted for as indebtedness

under GAAP);

(d)all liabilities for borrowed money secured by any Lien with respect to any property

owned by such Person (whether or not it has assumed or otherwise become liable for such liabilities);

(e)all its liabilities, including any Reimbursement Obligations, in respect of letters of credit

or instruments serving a similar function issued or accepted for its account by banks and other financial

institutions (other than those representing obligations for performance guarantees);

(f)all net obligations of such Person under Hedge Agreements;

(g)all obligations of such Person in respect of Disqualified Equity Interests; and

(h)any Guarantee of such Person with respect to liabilities (other than performance

guarantees) of a type described in any of clauses (a) through (g) above.

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership

or joint venture (other than a joint venture that is itself a corporation or limited liability company) in

which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made

non-recourse to such Person. In respect of Indebtedness of another Person secured by a Lien on the assets

of the specified Person, if such Indebtedness shall not have been assumed by such Person or is limited in

recourse to the assets securing such Lien, the amount of such Indebtedness as of any date of determination

will be the lesser of (x) the fair market value of such assets as of such date (as determined in good faith by

the Borrower) and (y) the amount of such Indebtedness as of such date. The amount of any net obligation

under any Hedge Agreement on any date shall be deemed to be the Hedge Termination Value thereof as

of such date. The amount of obligations in respect of any Disqualified Equity Interests shall be valued, in

the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation

preference plus accrued and unpaid dividends that are past due.

“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to

any payment made by or on account of any obligation of any Credit Party under any Loan Document and

(b) to the extent not otherwise described in clause (a), Other Taxes.

“Indemnitee” has the meaning assigned thereto in Section 11.3(b).

“Information” has the meaning assigned thereto in Section 11.10.

“Initial Issuing Lender” means (a) JPMorgan, (b) DNB Bank ASA, New York Branch, and

“Insurance and Condemnation Event” means the receipt by the Borrower or any of its

Subsidiaries of any cash insurance proceeds or condemnation award payable by reason of theft, loss,

physical destruction or damage, taking or similar event with respect to any of their respective Property.

“Interest Period” means, as to any SOFR Loan, the period commencing on the date such SOFR

Loan is disbursed or converted to or continued as a SOFR Loan and ending on the date one (1), three (3),

or six (6) months thereafter, in each case as selected by the Borrower in its Notice of Borrowing or Notice

of Conversion/Continuation and subject to availability; provided that:

(a)the Interest Period shall commence on the date of advance of or conversion to any SOFR

Loan and, in the case of immediately successive Interest Periods, each successive Interest Period shall

commence on the date on which the immediately preceding Interest Period expires;

(b)if any Interest Period would otherwise expire on a day that is not a Business Day, such

Interest Period shall expire on the next succeeding Business Day; provided that if any Interest Period

would otherwise expire on a day that is not a Business Day but is a day of the month after which no

further Business Day occurs in such month, such Interest Period shall expire on the immediately

preceding Business Day;

(c)any Interest Period that begins on the last Business Day of a calendar month (or on a day

for which there is no numerically corresponding day in the calendar month at the end of such Interest

Period) shall end on the last Business Day of the relevant calendar month at the end of such Interest

Period;

(d)no Interest Period shall extend beyond the Maturity Date;

(e)there shall be no more than ten (10) Interest Periods in effect at any time; and

(f)no tenor that has been removed from this definition pursuant to Section 4.8(c)(iv) shall be

available for specification in any Notice of Borrowing or Notice of Conversion/Continuation.

“Investment” means, with respect to any Person, that such Person (a) purchases, owns, invests in,

or otherwise acquires (in one transaction or a series of transactions), by division or otherwise, directly or

indirectly, any Equity Interests, interests in any partnership or joint venture (including the creation or

capitalization of any Subsidiary), evidence of Indebtedness or other obligation or security, substantially

all or a portion of the business or assets of any other Person, or any other investment or interest

whatsoever in any other Person, (b) makes any Acquisition, or (c) makes or holds, directly or indirectly,

any loans, advances or extensions of credit to, or any investment in cash or by delivery of Property in, any

Person.

“Investment Company Act” means the Investment Company Act of 1940 (15 U.S.C. § 80(a)(1),

et seq.).

“IRS” means the United States Internal Revenue Service.

“ISP” means the International Standby Practices, International Chamber of Commerce

Publication No. 590 (or such later version thereof as may be in effect at the applicable time).

“Issuing Lender” means (a) the Initial Issuing Lenders and (b) any other Lender to the extent it

has agreed in its sole discretion to act as an “Issuing Lender” hereunder and that has been approved in

writing by the Borrower and the Administrative Agent (such approval by the Administrative Agent not to

be unreasonably delayed or withheld) as an “Issuing Lender” hereunder, in each case in its capacity as

issuer of any Letter of Credit.

“JPMorgan” means JPMorgan Chase Bank, N.A., a national banking association.

“Junior Indebtedness” means, with respect to the Borrower and its Subsidiaries, any Indebtedness

permitted under Section 8.1(g).

“L/C Commitment” means, as to any Issuing Lender, the obligation of such Issuing Lender to

issue Letters of Credit for the account of the Borrower or one or more of its Subsidiaries from time to

time in an aggregate amount equal to (a) for each of the Initial Issuing Lenders, the amount set forth

opposite the name of each such Initial Issuing Lender on Schedule 1.1(b) and (b) for any other Issuing

Lender becoming an Issuing Lender after the Amendment No. 2 Effective Date, such amount as

separately agreed to in a written agreement between the Borrower and such Issuing Lender (which such

agreement shall be promptly delivered to the Administrative Agent upon execution), in each case of

clauses (a) and (b) above, any such amount may be changed after the Closing Date in a written agreement

between the Borrower and such Issuing Lender (which such agreement shall be promptly delivered to the

Administrative Agent upon execution); provided that the L/C Commitment with respect to any Person

that ceases to be an Issuing Lender for any reason pursuant to the terms hereof shall be $0 (subject to the

Letters of Credit of such Person remaining outstanding in accordance with the provisions hereof).

“L/C Facility” means the letter of credit facility established pursuant to Article III.

“L/C Obligations” means at any time, an amount equal to the sum of (a) the aggregate undrawn

and unexpired amount of the then outstanding Letters of Credit and (b) the aggregate amount of drawings

under Letters of Credit which have not then been reimbursed pursuant to Section 3.5.

“L/C Participants” means, with respect to any Letter of Credit, the collective reference to all the

Lenders other than the applicable Issuing Lender.

“L/C Sublimit” means the lesser of (a) $150,000,000 and (b) the aggregate amount of the

Commitments.

“LCT Test Date” has the meaning assigned thereto in Section 1.10(a).

“Lender” means each Person executing this Agreement as a Lender on the Closing Date and any

other Person that shall have become a party to this Agreement as a Lender pursuant to an Assignment and

Assumption or pursuant to Section 4.13, other than any Person that ceases to be a party hereto as a Lender

pursuant to an Assignment and Assumption.

“Lending Office” means, with respect to any Lender, the office of such Lender maintaining such

Lender’s Extensions of Credit, which office may, to the extent the applicable Lender notifies the

Administrative Agent in writing, include an office of any Affiliate of such Lender or any domestic or

foreign branch of such Lender or Affiliate.

“Letter of Credit Application” means an application requesting the applicable Issuing Lender to

issue a Letter of Credit in the form specified by the applicable Issuing Lender from time to time.

“Letter of Credit Documents” means with respect to any Letter of Credit, such Letter of Credit,

the Letter of Credit Application, a letter of credit agreement or reimbursement agreement and any other

document, agreement and instrument required by the applicable Issuing Lender and relating to such Letter

of Credit, in each case in the form specified by the applicable Issuing Lender from time to time and

agreed to by the Borrower.

“Letters of Credit” means the collective reference to letters of credit issued pursuant to

Section 3.1.

“Lien” means, with respect to any asset, any mortgage, leasehold mortgage, lien, pledge, charge,

security interest, hypothecation, or encumbrance of any kind in respect of such asset. For the purposes of

this Agreement, a Person shall be deemed to own subject to a Lien any asset which it has acquired or

holds subject to the interest of a vendor or lessor under any conditional sale agreement, Capital Lease

Obligation, or other title retention agreement relating to such asset.

“Limited Condition Transaction” means any Acquisition, Investment, or Asset Disposition that

(a) is not prohibited hereunder, (b) is not conditioned on the availability of, or on obtaining, third-party

financing, and (c) is completed within 180 days of the execution of the Limited Condition Transaction

Agreement for such Acquisition, Investment, or Asset Disposition, as applicable.

“Limited Condition Transaction Agreement” has the meaning assigned thereto in Section 1.10(a).

“Loan” means any revolving loan made to the Borrower pursuant to Section 2.1, and all such

revolving loans collectively as the context requires.

“Loan Documents” means, collectively, this Agreement, each Note, the Letter of Credit

Documents, the Security Documents, the Guaranty Agreement, the Fee Letters, and each other agreement

executed and delivered by the Credit Parties or any of their respective Subsidiaries in favor of or provided

to the Administrative Agent or any Secured Party in connection with this Agreement that is specified

therein to be a Loan Document (excluding any Secured Hedge Agreement, any Secured Bilateral LC

Document, any Secured Supply Chain Financing Agreement or any Cash Management Agreement giving

rise to Secured Cash Management Obligations).

“Material Adverse Effect” means (a) a material adverse effect on the business, results of

operations, financial condition, assets or properties of the Borrower and its Subsidiaries taken as a whole,

(b) a material adverse effect on the ability of the Borrower to perform its payment obligations under any

Loan Document, (c) a material adverse effect on the ability of the Credit Parties, taken as a whole, to

perform their obligations under the Loan Documents, (d) a material impairment of, or a material adverse

effect on the validity or enforceability of, any rights or remedies of the Administrative Agent, the Issuing

Lenders or any Lender under any Loan Document, or (e) an impairment of the legality, validity, binding

effect, or enforceability against any Credit Party of any Loan Document to which it is a party.

“Material Subsidiary” means (a) any Wholly-Owned Domestic Subsidiary whose (i) attributable

share of Consolidated EBITDA for the four quarter period ending on the last day of the most recently

ended fiscal quarter for which Quarterly Financial Statements, or if such fiscal quarter end is a Fiscal

Year end, for which Annual Financial Statements, have been delivered, is greater than 2.5% of the

Consolidated EBITDA for such period or (ii) attributable share of the book value of total assets of the

Borrower and its Subsidiaries, determined on a Consolidated basis as of the last day of the most recently

ended fiscal quarter for which Quarterly Financial Statements, or if such fiscal quarter end is a Fiscal

Year end, for which Annual Financial Statements, have been delivered, is greater than 2.5% of the book

value of total assets of the Borrower and its Subsidiaries as of such day; provided that if, at any time and

from time to time after the date hereof, Wholly-Owned Domestic Subsidiaries that are not Material

Subsidiaries, in the aggregate, have (A) attributable shares of Consolidated EBITDA for the four quarter

period ending on the last day of the most recently ended fiscal quarter for which Quarterly Financial

Statements, or if such fiscal quarter end is a Fiscal Year end, for which Annual Financial Statements, have

been delivered, greater than 5% of the Consolidated EBITDA for such period or (B) attributable shares of

the book value of total assets of the Borrower and its Subsidiaries, determined on a Consolidated basis as

of the last day of the most recently ended fiscal quarter for which Quarterly Financial Statements, or if

such fiscal quarter end is a Fiscal Year end, for which Annual Financial Statements, have been delivered,

greater than 5% of the book value of total assets of the Borrower and its Subsidiaries as of such day, in

each case determined in accordance with GAAP, then the Borrower shall, on the date on which financial

statements for such fiscal quarter are delivered pursuant to this Agreement, designate in writing to the

Administrative Agent one or more of such Wholly-Owned Domestic Subsidiaries as “Material

Subsidiaries” necessary to cause such attributable shares of Consolidated EBITDA and book value of

total assets to not exceed 5%, respectively, or (b) any Subsidiary that grants Liens to secure or Guarantees

any obligation, or is the issuer or otherwise becomes liable, with respect to any Senior Notes.

“Maturity Date” means the earliest to occur of (a) the Scheduled Maturity Date, (b) the date of

termination of the entire Commitment by the Borrower pursuant to Section 2.4, and (c) the date of

termination of the entire Commitment pursuant to Section 9.2(a).

“Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting

of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during the

existence of a Defaulting Lender, an amount equal to 103% of the Fronting Exposure of each of the

Issuing Lenders with respect to Letters of Credit issued by it and outstanding at such time, (b) with

respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the

provisions of Section 9.2(b), an amount equal to 103% of the aggregate outstanding amount of all L/C

Obligations, and (c) otherwise, an amount determined by the Administrative Agent and each of the

applicable Issuing Lenders that is entitled to Cash Collateral hereunder at such time in their sole

discretion.

“Minority Interests” means any Equity Interests of any class of a Subsidiary (other than directors’

qualifying shares or Regulatory Shares as required by Applicable Law) that are not owned by the

Borrower or one or more of its Subsidiaries. Minority Interests shall be valued by valuing Minority

Interests constituting Preferred Stock at the voluntary or involuntary liquidating value of such Preferred

Stock, whichever is greater, and by valuing Minority Interests constituting common stock at the book

value of capital and surplus applicable thereto adjusted, if necessary, to reflect any changes from the book

value of such common stock required by the foregoing method of valuing Minority Interests in Preferred

Stock.

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

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

to which any Credit Party or any member of the Controlled Group is making or accruing an obligation to

make contributions.

“Non-Consenting Lender” means any Lender that does not approve any consent, waiver,

amendment, modification, or termination that (a) requires the approval of all Lenders or all affected

Lenders in accordance with the terms of Section 11.2 and (b) has been approved by the Required Lenders.

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

time.

“Non-Extended Lender” has the meaning assigned thereto in Section 4.17.

“Non-Guarantor Subsidiary” means any Subsidiary of the Borrower that is not a Guarantor.

“Note” means a promissory note made by the Borrower in favor of a Lender evidencing the

Loans made by such Lender, substantially in the form attached as Exhibit A, and any substitutes therefor,

and any replacement, amendment and restatement, renewal, or extension thereof, in whole or in part.

“Notice of Account Designation” has the meaning assigned thereto in Section 2.2(b).

“Notice of Borrowing” has the meaning assigned thereto in Section 2.2(a).

“Notice of Conversion/Continuation” has the meaning assigned thereto in Section 4.2.

“Notice of Prepayment” has the meaning assigned thereto in Section 2.3(c).

“Obligations” means, in each case, whether now in existence or hereafter arising: (a) the principal

of and interest on (including interest accruing after the filing of any bankruptcy or similar petition) the

Loans, (b) the L/C Obligations and (c) all other fees and commissions (including attorneys’ fees), charges,

indebtedness, loans, liabilities, financial accommodations, obligations, covenants, and duties owing by the

Credit Parties to the Lenders, the Issuing Lenders, or the Administrative Agent, in each case under any

Loan Document, with respect to any Loan or Letter of Credit of every kind, nature, and description, direct

or indirect, absolute or contingent, due or to become due, contractual or tortious, liquidated or

unliquidated, and whether or not evidenced by any note and including interest and fees that accrue after

the commencement by or against any Credit Party of any proceeding under any Debtor Relief Laws,

naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are

allowed claims in such proceeding.

“OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets Control.

“Organizational Documents” means, (a) with respect to any corporation, the certificate or articles

of incorporation and the bylaws (or equivalent or comparable constitutive documents); (b) with respect to

any limited liability company, the certificate or articles of formation or organization and operating

agreement or limited liability company agreement (or equivalent or comparable documents); and (c) with

respect to any partnership, joint venture, trust, or other form of business entity, the partnership, joint

venture, or other applicable agreement of formation or organization and any agreement, instrument, filing,

or notice with respect thereto filed in connection with its formation or organization with the applicable

Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any

certificate or articles of formation or organization of such entity.

“Original Indebtedness” has the meaning assigned thereto in the definition of “Permitted

Refinancing Indebtedness.”

“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a

present or former connection between such Recipient and the jurisdiction imposing such Tax (other than

connections arising from such Recipient having executed, delivered, become a party to, performed its

obligations under, received payments under, received or perfected a security interest under, engaged in

any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any

Loan or Loan Document).

“Other Taxes” means all present or future stamp, court, documentary, intangible, recording,

filing, or similar Taxes that arise from any payment made under, from the execution, delivery,

performance, enforcement, or registration of, from the receipt or perfection of a security interest under, or

otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes

imposed with respect to an assignment (other than an assignment made pursuant to Section 4.12(b)).

“Outbound Investment Rules” means the regulations administered and enforced, together with

any related public guidance issued, by the United States Treasury Department under U.S. Executive Order

14105 of August 9, 2023, or any similar law or regulation; as of the date of this Agreement, and as

codified at 31 C.F.R. § 850.101 et seq.

“Overnight Rate” means, for any day, the greater of (a) the Federal Funds Rate and (b) an

overnight rate determined by the Administrative Agent in accordance with banking industry rules on

interbank compensation.

“Participant” has the meaning assigned thereto in Section 11.9(d).

“Participant Register” has the meaning assigned thereto in Section 11.9(d).

“PATRIOT Act” means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law

October 26, 2001)).

“Payment Recipient” has the meaning assigned thereto in Section 10.12(a).

“PBGC” means the Pension Benefit Guaranty Corporation or any successor agency.

“Permitted Liens” means the Liens permitted pursuant to Section 8.2.

“Permitted Refinancing Indebtedness” means any Indebtedness (the “Refinancing Indebtedness”),

the proceeds of which are used to refinance, refund, renew, extend, or replace outstanding Indebtedness

(such outstanding Indebtedness, the “Original Indebtedness”); provided that (a) the principal amount (or

accreted value, if applicable) of such Refinancing Indebtedness (including any unused commitments

thereunder) is not greater than the principal amount (or accreted value, if applicable) of the Original

Indebtedness at the time of such refinancing, refunding, renewal, extension, or replacement, except by an

amount equal to any unpaid accrued interest and premium thereon plus other reasonable amounts paid,

and fees and expenses reasonably incurred, in connection with such refinancing, refunding, renewal,

extension, or replacement; (b) such Refinancing Indebtedness does not have an interest rate greater than

the Original Indebtedness, except as necessary to reflect market terms and conditions at the time of the

incurrence of such Refinancing Indebtedness, as determined by the Borrower in good faith; (c) the

weighted average life to maturity of such Refinancing Indebtedness shall not be shorter than that

applicable to the Original Indebtedness and such Refinancing Indebtedness does not require any

scheduled payment of principal, mandatory repayment, redemption, or repurchase that is materially more

favorable to the holders of the Refinancing Indebtedness, except as necessary to reflect market terms and

conditions at the time of the incurrence of such Refinancing Indebtedness, as determined by the Borrower

in good faith, than the corresponding terms (if any) of the Original Indebtedness (including by virtue of

such Refinancing Indebtedness participating on a greater basis in any mandatory repayment, redemption,

or repurchase as compared to the Original Indebtedness, but excluding any scheduled payment of

principal, mandatory repayment, redemption, or repurchase occurring on or after the date that is 91 days

after the latest scheduled maturity date of the Loans and Commitments); (d) such Refinancing

Indebtedness shall not be secured by (i) Liens on assets other than (A) assets securing the Original

Indebtedness at the time of such refinancing, refunding, renewal, extension, or replacement, and proceeds

and replacements thereof or (B) if such Original Indebtedness is secured by a type or class of assets of a

Person, assets of such type or class of such Person, and proceeds and replacements thereof or (ii) Liens

having a higher priority than the Liens, if any, securing the Original Indebtedness at the time of such

refinancing, refunding, renewal, extension, or replacement; (e) such Refinancing Indebtedness shall not

be guaranteed by or otherwise recourse to any Person other than the Person(s) to whom the Original

Indebtedness is recourse or by whom it is guaranteed, in each case as of the time of such refinancing,

refunding, renewal, extension, or replacement; (f) to the extent such Original Indebtedness is subordinated

in right of payment to the Obligations (or the Liens securing such Indebtedness were originally

contractually subordinated to the Liens securing the Collateral pursuant to the Security Documents), such

refinancing, refunding, renewal, extension, or replacement is subordinated in right of payment to the

Obligations (or the Liens securing such Indebtedness shall be subordinated to the Liens securing the

Collateral pursuant to the Security Documents) on terms at least as favorable to the Lenders as those

contained in the documentation governing such Original Indebtedness or otherwise reasonably acceptable

to the Administrative Agent; (g) the covenants with respect to such Refinancing Indebtedness, when taken

as a whole, are not materially more restrictive to the Borrower and its Subsidiaries than those in the

Original Indebtedness (taken as a whole); and (h) no Default or Event of Default shall have occurred and

be continuing at the time of, or would result from, such refinancing, refunding, renewal, extension, or

replacement.

“Person” means any natural person, corporation, limited liability company, trust, joint venture,

association, company, partnership, Governmental Authority, or other entity.

“Plan” means an “employee benefit plan” (as defined in Section 3(3) of ERISA), other than a

Multiemployer Plan, maintained for employees of any Credit Party or any member of the Controlled

Group and covered by Title IV of ERISA or subject to the minimum funding standards under Section 412

of the Code.

“Plan of Reorganization” has the meaning assigned thereto in Section 11.9(f)(iii).

“Platform” means IntraLinks™, DebtDomain, SyndTrak, ClearPar, or any other electronic

platform chosen by the Administrative Agent to be its electronic transmission system.

“Preferred Stock” means any class of Equity Interest issued by a Person that is preferred over any

other class of Equity Interest issued by such Person as to the payment of dividends or the payment of any

amount upon liquidation or dissolution of such Person.

“Present Maturity Date” has the meaning assigned thereto in Section 4.17.

“Prime Rate” means, at any time, the rate of interest per annum publicly announced from time to

time by the Administrative Agent as its prime rate. Each change in the Prime Rate shall be effective as of

the opening of business on the day such change in such prime rate occurs. The parties hereto

acknowledge that the rate announced publicly by the Administrative Agent as its prime rate is an index or

base rate and shall not necessarily be its lowest or best rate charged to its customers or other banks.

“Property” means any right or interest in or to property of any kind whatsoever, whether real,

personal, or mixed and whether tangible or intangible, including Equity Interests.

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor,

as any such exemption may be amended from time to time.

“Public Lenders” has the meaning assigned thereto in Section 7.2.

“Qualified Equity Interests” means any Equity Interests that are not Disqualified Equity Interests.

“Quarterly Financial Statements” means the quarterly Consolidated financial statements of the

Borrower and its Subsidiaries, which statements shall include a Consolidated balance sheet as of the end

of such fiscal quarter and a Consolidated income statement and a Consolidated statement of cash flows

for such fiscal quarter and for the Fiscal Year to date, subject to normal year-end adjustments, all setting

forth in comparative form the corresponding figures as of the end of and for the corresponding fiscal

quarter of the preceding Fiscal Year, prepared in accordance with GAAP in all material respects and, if

required by GAAP, containing disclosure of the effect on the financial position or results of operations of

any change in the application of accounting principles and practices during the period, except that such

statements are condensed and exclude detailed footnote disclosures and certified by a Responsible

Financial Officer of the Borrower as fairly presenting, in all material respects, the Consolidated financial

condition of the Borrower and its Subsidiaries as of such date. As long as the Borrower files a quarterly

report on Form 10-Q with the SEC, such report and related financial statements, including notes thereto,

shall be considered the “Quarterly Financial Statements”.

“Recipient” means (a) the Administrative Agent, (b) any Lender, or (c) any Issuing Lender, as

applicable.

“Reference Period” means, as of any date of determination, the period of four (4) consecutive

fiscal quarters ended on or immediately prior to such date for which financial statements of the Borrower

and its Subsidiaries have been delivered (or deemed to have been delivered pursuant to the penultimate

paragraph of Section 7.2) to the Administrative Agent hereunder.

“Refinancing Indebtedness” has the meaning assigned thereto in the definition of “Permitted

Refinancing Indebtedness.”

“Register” has the meaning assigned thereto in Section 11.9(c).

“Regulatory Shares” means, with respect to any Person, Equity Interests of such Person required

to be issued as qualifying shares to directors or shares issued to Persons other than the Borrower in

response to regulatory requirements of foreign jurisdictions pursuant to a resolution of the Board of

Directors of such Person.

“Reimbursement Obligation” means the obligation of the Borrower to reimburse any Issuing

Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit issued by such Issuing Lender.

“Reinstated Letter of Credit” has the meaning assigned thereto in Section 3.12(e).

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners,

directors, officers, employees, agents, trustees, administrators, managers, advisors, and representatives of

such Person and of such Person’s Affiliates.

“Relevant Entities” has the meaning assigned thereto in Section 7.2(l).

“Relevant Governmental Body” means the FRB or the Federal Reserve Bank of New York, or a

committee officially endorsed or convened by the FRB or the Federal Reserve Bank of New York, or any

successor thereto.

“Removal Effective Date” has the meaning assigned thereto in Section 10.6(b).

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA (other than

any such event not subject to the provision for 30-day notice to the PBGC under the regulations issued

under such section).

“Required Lenders” means, at any time, Lenders having Total Credit Exposure representing more

than fifty percent (50%) of the Total Credit Exposure of all Lenders. The Total Credit Exposure of any

Defaulting Lender shall be disregarded in determining Required Lenders at any time.

“Resignation Effective Date” has the meaning assigned thereto in Section 10.6(a).

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

Institution, a UK Resolution Authority.

“Response” shall have the meaning set forth in CERCLA or under any other applicable

Environmental Law.

“Responsible Financial Officer” means, as to any Person, the chief financial officer, controller,

treasurer, assistant treasurer, president, or any vice president with financial responsibility of such Person,

or any other financial officer of such Person designated in writing by the Borrower or such Person and

reasonably acceptable to the Administrative Agent; provided that, to the extent requested thereby, the

Administrative Agent shall have received a certificate of such Person certifying as to the incumbency and

genuineness of the signature of each such officer. Any document delivered hereunder or under any other

Loan Document that is signed by a Responsible Financial Officer of a Person shall be conclusively

presumed to have been authorized by all necessary corporate, limited liability company, partnership, and/

or other action on the part of such Person and such Responsible Financial Officer shall be conclusively

presumed to have acted on behalf of such Person. Any reference in this Agreement or any other Loan

Document to a “Responsible Financial Officer” shall mean a Responsible Financial Officer of the

Borrower, unless otherwise specified.

“Responsible Officer” means, as to any Person, the chief executive officer, president, any vice

president, chief financial officer, controller, treasurer, or assistant treasurer of such Person, or any other

officer of such Person designated in writing by the Borrower or such Person and reasonably acceptable to

the Administrative Agent; provided that, to the extent requested thereby, the Administrative Agent shall

have received a certificate of such Person certifying as to the incumbency and genuineness of the

signature of each such officer. With respect to any Person that is a limited liability company that does not

have officers and is managed by a manager, sole member, or a managing member, any Responsible

Officer of such manager, sole member, or managing member, as applicable, shall be deemed to be a

Responsible Officer of such Person. Any document delivered hereunder or under any other Loan

Document that is signed by a Responsible Officer of a Person shall be conclusively presumed to have

been authorized by all necessary corporate, limited liability company, partnership, and/or other action on

the part of such Person and such Responsible Officer shall be conclusively presumed to have acted on

behalf of such Person. Any reference in this Agreement or any other Loan Document to a “Responsible

Officer” shall mean a Responsible Officer of the Borrower, unless otherwise specified.

“Restricted Payment” means (a) with respect to any Person, any dividend on, or the making of

any payment or other distribution on account of, or the purchase, redemption, retirement, or other

acquisition (directly or indirectly) of, or the setting apart assets for a sinking or other analogous fund for

the purchase, redemption, retirement, or other acquisition of, any class of Equity Interests of such Person,

or the making of any distribution of cash, property, or assets to the holders of any Equity Interests of such

Person on account of such Equity Interests, and (b) optional or voluntary prepayment on Junior

Indebtedness.

“Revolving Credit Facility” means the revolving credit facility established pursuant to Article II

(including any increase in such revolving credit facility pursuant to Section 4.13).

“Revolving Credit Outstandings” means the sum of (a) with respect to Loans on any date, the

aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or

repayments of Loans occurring on such date; plus (b) with respect to any L/C Obligations on any date, the

aggregate outstanding amount thereof on such date after giving effect to any Extensions of Credit

occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such

date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of

Credit or any reductions in the maximum amount available for drawing under Letters of Credit taking

effect on such date.

“S&P” means S&P Global Ratings, a division of S&P Global Inc. and any successor thereto.

“Sanctioned Country” means at any time, a country, region or territory which is itself (or whose

government is) the subject or target of any comprehensive Sanctions (at the time of this Agreement, the

so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic, the Crimea Region of

Ukraine, the non-Ukrainian government-controlled areas of the Zaporizhzhia and Kherson regions of

Ukraine, Cuba, Iran and North Korea), and Syria until July 1, 2025.

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of

designated Persons maintained by OFAC (including OFAC’s Specially Designated Nationals and

Blocked Persons List and OFAC’s Consolidated Non-SDN List), the U.S. Department of State, the United

Nations Security Council, the European Union, any European Union member state, His Majesty’s

Treasury, or other relevant sanctions authority, (b) any Person located, operating, organized or resident in

a Sanctioned Country, (c) any Person owned or controlled by, or acting or purporting to act for or on

behalf of, directly or indirectly, any such Person or Persons described in clauses (a) and (b) (including,

without limitation for purposes of defining a Sanctioned Person, as ownership and control may be defined

and/or established in and/or by any applicable Sanctions laws, rules, regulations, or orders), including a

Person that is deemed by OFAC to be a Sanctions target based on the ownership of such legal entity by

Sanctioned Person(s), or (d) any Person otherwise the subject or target of Sanctions, including vessels and

aircraft, that are designated under any applicable Sanctions program.

“Sanctions” means any and all economic or financial sanctions, sectoral sanctions, secondary

sanctions, trade embargoes and restrictions and anti-terrorism laws, including but not limited to those

imposed, administered or enforced from time to time by the U.S. government (including those

administered by OFAC or the U.S. Department of State), the United Nations Security Council, the

European Union, any European Union member state, His Majesty’s Treasury, or other relevant sanctions

authority.

“Scheduled Maturity Date” means, as to any Lender, the Scheduled Maturity Date of such Lender

as shown on Schedule 1.1(a); provided that, unless the Borrower has voluntarily redeemed, repurchased,

or otherwise retired, prior to the Springing Maturity Date, all of the Senior Notes scheduled to mature on

or before that date that is 90 days after the Scheduled Maturity Date, the Scheduled Maturity Date shall be

the Springing Maturity Date.

“SEC” means the U.S. Securities and Exchange Commission, or any Governmental Authority

succeeding to any of its principal functions.

“Secured Bilateral LC Documents” means (a) any Bilateral LC Documents in effect on the

Closing Date between or among any Credit Party or any of its Subsidiaries and a counterparty that is (i) a

Lender, (ii) the Administrative Agent, or (iii) an Affiliate of a Lender or the Administrative Agent, in

each case as determined as of the Closing Date or (b) any Bilateral LC Documents entered into after the

Closing Date between or among any Credit Party or any of its Subsidiaries and a counterparty that is (i) a

Lender, (ii) the Administrative Agent, or (iii) an Affiliate of a Lender or the Administrative Agent, in

each case as determined at the time such Bilateral LC Documents are entered into.

“Secured Bilateral LC Obligations” means all existing or future payment and other obligations

owing by any Credit Party or any of its Subsidiaries under any Secured Bilateral LC Documents.

“Secured Hedge Agreement” means (a) any Hedge Agreement in effect on the Closing Date

between or among any Credit Party or any of its Subsidiaries and a counterparty that is (i) a Lender, (ii)

the Administrative Agent, or (iii) an Affiliate of a Lender or the Administrative Agent, in each case as

determined as of the Closing Date or (b) any Hedge Agreement entered into after the Closing Date

between or among any Credit Party or any of its Subsidiaries and a counterparty that is (i) a Lender, (ii)

the Administrative Agent, or (iii) an Affiliate of a Lender or the Administrative Agent, in each case as

determined at the time such Hedge Agreement is entered into.

“Secured Hedge Obligations” means all existing or future payment and other obligations owing

by any Credit Party or any of its Subsidiaries under any Secured Hedge Agreement; provided that the

“Secured Hedge Obligations” of a Credit Party shall exclude any Excluded Swap Obligations with respect

to such Credit Party.

“Secured Cash Management Obligations” means all existing or future payment and other

obligations owing by any Credit Party or any of its Subsidiaries (whether absolute or contingent and

however and whenever created, arising, evidenced, or acquired (including all renewals, extensions, and

modifications thereof and substitutions therefor)) arising in respect of Cash Management Agreements that

are owed to a Cash Management Bank; provided that any Cash Management Agreement provided by a

Person other than the Administrative Agent or an Affiliate thereof may at any time be designated in

writing by the Borrower and the applicable Cash Management Bank to the Administrative Agent not to be

included as Secured Cash Management Obligations.

“Secured Obligations” means, collectively, (a) the Obligations, (b) any Secured Hedge

Obligations, (c) any Secured Bilateral LC Obligations, (d) any Secured Supply Chain Financing

Obligations and (e) any Secured Cash Management Obligations.

“Secured Parties” means, collectively, the Administrative Agent, the Lenders, the Issuing

Lenders, the holders of any Secured Hedge Obligations, the holders of any Secured Bilateral LC

Obligations, the holders of any Secured Supply Chain Financing Obligations, each provider of Cash

Management Agreements the obligations under which constitute Secured Cash Management Obligations,

each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to

Section 10.5, any other holder from time to time of any Secured Obligations and, in each case, their

respective successors and permitted assigns.

“Secured Supply Chain Financing Obligations” means all existing or future payment and other

obligations owing by any Credit Party or any of its Subsidiaries under any Secured Supply Chain

Financing Agreement; provided that the aggregate outstanding amount of such payment and other

obligations shall not exceed $75,000,000 at any time.

“Secured Supply Chain Financing Agreement” means (a) any Supply Chain Financing

Agreement in effect on the Amendment No. 1 Effective Date between or among any Credit Party or any

of its Subsidiaries and a counterparty that is (i) a Lender, (ii) the Administrative Agent, or (iii) an Affiliate

of a Lender or the Administrative Agent, in each case as determined as of the Amendment No. 1 Effective

Date or (b) any Supply Chain Financing Agreement entered into after the Amendment No. 1 Effective

Date between or among any Credit Party or any of its Subsidiaries and a counterparty that is (i) a Lender,

(ii) the Administrative Agent, or (iii) an Affiliate of a Lender or the Administrative Agent, in each case as

determined at the time such Supply Chain Financing Agreement is entered into; provided that, in any

case, (A) the Borrower and the applicable counterparty shall have designated such Supply Chain

Financing Agreement as a Secured Supply Chain Financing Agreement in writing delivered to the

Administrative Agent in substantially the form of Exhibit I (other than with respect to any Supply Chain

Financing Agreement where the Administrative Agent or any Affiliate thereof is the counterparty) and

(B) each trade payable under any Secured Supply Chain Financing Agreement shall become payable

within 120 days from the issuance of such payable.

“Securities” has the meaning assigned in Section 2(1) of the Securities Act.

“Securities Act” means the Securities Act of 1933 (15 U.S.C. § 77 et seq.).

“Security Agreement” means the pledge and security agreement of even date herewith executed

by the Credit Parties in favor of the Administrative Agent, for the ratable benefit of the Secured Parties.

“Security Documents” means the collective reference to (a) the Security Agreement, (b) each

other agreement or writing pursuant to which any Credit Party pledges or grants a security interest in any

Property or assets securing the Secured Obligations, including, without limitation, any intellectual

property security agreements, (c) control agreements, and (d) each other agreement, instrument, or

document executed and delivered by any Credit Party at any time for purposes of securing the Secured

Obligations.

“Senior Note Documents” means the Senior Notes, the indentures under which any Senior Notes

are issued, and each other agreement, instrument, or document executed by the Borrower or any

Subsidiary at any time in connection with any Senior Notes.

“Senior Notes” means senior notes of one or more series issued by the Borrower pursuant to

Section 8.1(g).

“SOFR” means a rate equal to the secured overnight financing rate as administered by the SOFR

Administrator.

“SOFR Administrator” means the Federal Reserve Bank of New York (or a successor

administrator of the secured overnight financing rate).

“SOFR Loan” means any Loan bearing interest at a rate based on Term SOFR as provided in

Section 4.1(a).

“Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that on

such date (a) the fair value of the Property of such Person is greater than the total amount of liabilities,

including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such

Person is not less than the amount that will be required to pay the probable liability of such Person on its

debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that

it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they

mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business

or a transaction, for which such Person’s property would constitute an unreasonably small capital, and

(e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as

they mature in the ordinary course of business. For purposes of this definition, the amount of contingent

liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances

existing at such time, represents the amount that can reasonably be expected to become an actual or

matured liability.

“Specified Event of Default” means (a) an Event of Default pursuant to Section 9.1(a), Section

9.1(b) (solely with respect to Sections 6.15, 6.18, and 6.21), Section 9.1(c) (solely with respect to Sections

7.1(a) (with respect to any Credit Party’s existence) and 7.10), and Section 9.1(f) and (b) any other default

designated by the Incremental Lenders, if any, providing the Indebtedness that is to be used to finance the

applicable Acquisition that is a Limited Condition Transaction.

“Springing Maturity Date” means the date that is 91 days prior to the scheduled maturity date of

any Senior Notes.

“Subsidiary” means as to any Person, any corporation, partnership, limited liability company, or

other entity of which more than fifty percent (50%) of the outstanding Equity Interests having ordinary

voting power to elect a majority of the board of directors (or equivalent governing body) or other

managers of such corporation, partnership, limited liability company, or other entity is at the time owned

by (directly or indirectly) or the management is otherwise controlled by (directly or indirectly) such

Person (irrespective of whether, at the time, Equity Interests of any other class or classes of such

corporation, partnership, limited liability company, or other entity shall have or might have voting power

by reason of the happening of any contingency). Unless otherwise qualified, references to “Subsidiary”

or “Subsidiaries” herein shall refer to those of the Borrower.

“Subsidiary Guarantor” means any Subsidiary of the Borrower that is a Guarantor.

“Supply Chain Financing Agreement” means any agreement under which any bank, financial

institution or other Person may from time to time provide any financial accommodation to the Borrower

or any of its Subsidiaries in connection with trade payables of the Borrower or such Subsidiary (including

the acquisition of the receivables corresponding to such trade payables pursuant to “supply chain” or

other similar financing, so long as (a) the terms of such trade payables shall not have been extended in

connection with the Supply Chain Financing Agreement and (b) such obligation represents amounts not in

excess of those which the Borrower or such Subsidiary would otherwise have been obligated to pay to its

vendor or supplier in respect of the applicable trade payables).

“Swap Obligation” means, with respect to any Credit Party, any obligation to pay or perform

under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section

1a(47) of the Commodity Exchange Act.

“Synthetic Lease” means any synthetic lease, Tax retention operating lease, off-balance sheet

loan, or similar off-balance sheet financing product where such transaction is considered borrowed money

indebtedness for Tax purposes but is classified as an operating lease in accordance with GAAP.

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings

(including backup withholding), assessments, fees, or other charges imposed by any Governmental

Authority, including any interest, fines, additions to tax, or penalties applicable thereto.

“Term SOFR” means,

(a)for any calculation with respect to a SOFR Loan, the Term SOFR Reference Rate for a

tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term SOFR

Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of

such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that

if as of 5:00 p.m. on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the

applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement

Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term

SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding

U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was

published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities

Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Periodic

Term SOFR Determination Day, and

(b)for any calculation with respect to a Base Rate Loan on any day, the Term SOFR

Reference Rate for a tenor of one month on the day (such day, the “Base Rate Term SOFR Determination

Day”) that is two (2) U.S. Government Securities Business Days prior to such day, as such rate is

published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. on any Base Rate

Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been

published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term

SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for

such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government

Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the

Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is

not more than three (3) U.S. Government Securities Business Days prior to such Base Rate Term SOFR

Determination Day;

provided that, for purposes of any calculation, if Term SOFR for any determination is less than the Floor,

then Term SOFR shall be deemed to be the Floor for such determination.

“Term SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or

a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its

reasonable discretion).

“Term SOFR Reference Rate” means the forward-looking term rate based on SOFR.

“Termination Event” means (a) a Reportable Event with respect to a Plan, (b) the withdrawal of

any Credit Party or any member of the Controlled Group from a Plan during a plan year in which it was a

“substantial employer” as defined in Section 4001(a)(2) of ERISA, (c) the filing of a notice of intent to

terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041(c) of ERISA,

(d) the institution of proceedings to terminate a Plan by the PBGC, or (e) any other event or condition

which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a

trustee to administer, any Plan.

“Threshold Amount” means $50,000,000.

“Total Credit Exposure” means, as to any Lender at any time, such Lender’s (a) unused

Commitments at such time, (b) the aggregate principal amount at such time of its outstanding Loans, and

“Trade Date” has the meaning assigned thereto in Section 11.9(f)(i).

“Transactions” means, collectively, (a) the repayment in full of all Indebtedness outstanding

under the Existing Credit Agreement, (b) the initial Extensions of Credit on the Closing Date, if any, and

“UCC” means the Uniform Commercial Code as in effect in the State of New York.

“UCP” means the Uniform Customs and Practice for Documentary Credits, International

Chamber of Commerce Publication No. 600 (or such later version thereof as may be in effect at the

applicable time).

“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the

PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential

Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from

time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain

credit institutions and investment firms, and certain affiliates of such credit institutions or investment

firms.

“UK Resolution Authority” means the Bank of England or any other public administrative

authority having responsibility for the resolution of any UK Financial Institution.

“Unadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding

the related Benchmark Replacement Adjustment.

“United States” means the United States of America.

“Unrestricted Cash and Cash Equivalents” means, as of any date of determination, 100% of all

cash and Cash Equivalents of the Borrower and its Subsidiaries that are unrestricted and not subject to

any Liens (other than Liens permitted under Section 8.2(a) or, solely with respect to customary statutory,

common law, and contractual rights of a bank to set-off claims of such bank against cash on deposit with

such bank, Section 8.2(d)); provided that (a) the proceeds of any Indebtedness incurred substantially

concurrently with the determination of such amount and (b) any cash or Cash Equivalents that are

maintained to the extent required under this Agreement to Cash Collateralize any L/C Obligations, shall

in each case be excluded.

“U.S. Government Securities Business Day” means any day except for (a) a Saturday, (b) a

Sunday, or (c) a day on which the Securities Industry and Financial Markets Association recommends that

the fixed income departments of its members be closed for the entire day for purposes of trading in United

States government securities; provided that for purposes of notice requirements in Sections 2.2(a), 2.3(c),

and 4.2, in each case, such day is also a Business Day.

“U.S. Person” means any Person that is a “United States person” as defined in

Section 7701(a)(30) of the Code.

“U.S. Special Resolution Regimes” has the meaning assigned thereto in Section 11.23.

“U.S. Tax Compliance Certificate” has the meaning assigned thereto in Section 4.11(g).

“Utilization Percentage” means, for any day, the aggregate Total Credit Exposure on such day

divided by the aggregate Commitments on such day, expressed as a percentage.

“Wholly-Owned” means, with respect to a Subsidiary, that all of the Equity Interests of such

Subsidiary are owned and controlled by the Borrower or one or more of its Wholly-Owned Subsidiaries

(except for directors’ qualifying shares or other shares required by Applicable Law to be owned by a

Person other than the Borrower and/or one or more of its Wholly-Owned Subsidiaries).

“Withholding Agent” means any Credit Party and the Administrative Agent.

“Write-Down and Conversion Powers” means (a) with respect to any EEA Resolution Authority,

the write-down and conversion powers of such EEA Resolution Authority from time to time under the

Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers

are described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, any

powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or

change the form of a liability of any UK Financial Institution or any contract or instrument under which

that liability arises, to convert all or part of that liability into shares, securities or obligations of that

person or any other person, to provide that any such contract or instrument is to have effect as if a right

had been exercised under it or to suspend any obligation in respect of that liability or any of the powers

under that Bail-In Legislation that are related to or ancillary to any of those powers.

SECTION 1.2 Other Definitions and Provisions. With reference to this Agreement and

each other Loan Document, unless otherwise specified herein or in such other Loan Document: (a) the

definitions of terms herein shall apply equally to the singular and plural forms of the terms defined,

(b) whenever the context may require, any pronoun shall include the corresponding masculine, feminine

and neuter forms, (c) the words “include”, “includes” and “including” shall be deemed to be followed by

the phrase “without limitation”, (d) the word “will” shall be construed to have the same meaning and

effect as the word “shall”, (e) any reference herein to any Person shall be construed to include such

Person’s successors and assigns, (f) 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, (g) 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, (h) 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, (i) the term

“documents” includes any and all instruments, documents, agreements, certificates, notices, reports,

financial statements, and other writings, however evidenced, whether in physical or electronic form, (j) in

the computation of periods of time from a specified date to a later specified date, the word “from” means

“from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through”

means “to and including”, and (k) the word “or” is not exclusive unless expressly provided for otherwise.

SECTION 1.3 Accounting Terms.

(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

on a consistent basis, as in effect from time to time and in a manner consistent with that used in preparing

the audited financial statements required by Section 5.1(f)(i) and Section 7.2(a), except as otherwise

specifically prescribed herein. Notwithstanding the foregoing, for purposes of determining compliance

with any covenant (including the computation of any financial covenant) contained herein, Indebtedness

of the Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal

amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be

disregarded.

(b)If at any time any change in GAAP would affect the computation of any financial ratio or

requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so

request, the Administrative Agent, the Lenders, and the Borrower shall negotiate in good faith to amend

such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject

to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement

shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the

Borrower shall provide to the Administrative Agent and the Lenders financial statements and other

documents required under this Agreement or as reasonably requested hereunder setting forth a

reconciliation between calculations of such ratio or requirement made before and after giving effect to

such change in GAAP; provided, further, that all obligations of any Person that are or would have been

treated as operating leases for purposes of GAAP prior to the effectiveness of FASB ASC 842 shall

continue to be accounted for as operating leases for purposes of all financial definitions and calculations

for purpose of this Agreement (whether or not such operating lease obligations were in effect on such

date) notwithstanding the fact that such obligations are required in accordance with FASB ASC 842 (on a

prospective or retroactive basis or otherwise) to be treated as Capital Lease Obligations in the financial

statements.

SECTION 1.4UCC Terms. Terms defined in the UCC in effect on the Closing Date and not

otherwise defined herein shall, unless the context otherwise indicates, have the meanings provided by

those definitions. Subject to the foregoing, the term “UCC” refers, as of any date of determination, to the

UCC then in effect.

SECTION 1.5Rounding. Any financial ratios required to be maintained pursuant to this

Agreement shall be calculated by dividing the appropriate component by the other component, carrying

the result to one place more than the number of places by which such ratio or percentage is expressed

herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest

number).

SECTION 1.6References to Agreement and Laws. Unless otherwise expressly provided herein,

(a) any definition or reference to formation documents, governing documents, agreements (including the

Loan Documents), and other contractual documents or instruments shall be deemed to include all

subsequent amendments, restatements, extensions, supplements, and other modifications thereto, but only

to the extent that such amendments, restatements, extensions, supplements, and other modifications are

not prohibited by any Loan Document; and (b) any definition or reference to any Applicable Law,

including Anti-Corruption Laws, Anti-Money Laundering Laws, the Bankruptcy Code, the Code, the

Commodity Exchange Act, ERISA, the Exchange Act, the PATRIOT Act, the Securities Act, the UCC,

the Investment Company Act, the Trading with the Enemy Act of the United States, or any of the foreign

assets control regulations of the United States Treasury Department, shall include all statutory and

regulatory provisions consolidating, amending, replacing, supplementing, or interpreting such Applicable

Law.

SECTION 1.7Times of Day. Unless otherwise specified, all references herein to times of day

shall be references to Eastern time (daylight or standard, as applicable).

SECTION 1.8Guarantees/Earn-Outs. Unless otherwise specified, (a) the amount of any

Guarantee shall be the lesser of the amount of the obligations guaranteed and still outstanding and the

maximum amount for which the guaranteeing Person may be liable pursuant to the terms of the

instrument embodying such Guarantee and (b) the amount of any earn-out or similar obligation shall be

the amount of such obligation as reflected on the balance sheet of such Person in accordance with GAAP.

SECTION 1.9Covenant Compliance Generally. For purposes of determining Unrestricted Cash

and Cash Equivalents, Consolidated Cash Balance, and compliance under Sections 8.1, 8.2, 8.3, 8.5, and

8.6, any amount in a currency other than Dollars will be converted to Dollars in a manner consistent with

that used in calculating Consolidated Net Income in the most recent Annual Financial Statements of the

Borrower and its Subsidiaries delivered pursuant to Section 7.2(a) or Section 5.1(f), as applicable.

Notwithstanding the foregoing, for purposes of determining compliance with Sections 8.1, 8.2, and 8.3,

with respect to any amount of Indebtedness or Investment in a currency other than Dollars, no breach of

any basket contained in such sections shall be deemed to have occurred solely as a result of changes in

rates of exchange occurring after the time such Indebtedness or Investment is incurred; provided that for

the avoidance of doubt, the foregoing provisions of this Section 1.9 shall otherwise apply to such

Sections, including with respect to determining whether any Indebtedness or Investment may be incurred

at any time under such Sections.

SECTION 1.10Limited Condition Transactions. In the event that the Borrower notifies

the Administrative Agent in writing that any proposed Acquisition, Investment, or Asset Disposition is a

Limited Condition Transaction and that the Borrower wishes to test the conditions to such Acquisition,

Investment, or Asset Disposition and, if applicable and solely with respect to an Acquisition, the

Indebtedness that is to be used to finance such Acquisition in accordance with this Section 1.10, then the

following provisions shall apply, other than with respect to any Incremental Increases pursuant to Section

4.13 provided in connection with such Acquisition unless agreed by the Incremental Lenders providing

such Incremental Increases:

(a)any condition to such Limited Condition Transaction or, solely with respect to an

Acquisition, such Indebtedness that requires that no Default or Event of Default shall have occurred and

be continuing at the time of such Limited Condition Transaction or the incurrence of such Indebtedness,

shall be satisfied if (i) no Default or Event of Default shall have occurred and be continuing at the time of

the execution (the “LCT Test Date”) of the definitive purchase agreement, merger agreement, or other

agreement governing such Limited Condition Transaction (any such agreement, a “Limited Condition

Transaction Agreement”) and (ii) no Specified Event of Default shall have occurred and be continuing

both immediately before and immediately after giving effect to such Limited Condition Transaction and

all other transactions in connection therewith (including the incurrence or assumption of any

Indebtedness);

(b)any condition to such Limited Condition Transaction or such Indebtedness that the

representations and warranties in this Agreement and the other Loan Documents shall be true and correct

at the time of consummation of such Limited Condition Transaction or the incurrence of such

Indebtedness shall be deemed satisfied if (i) all representations and warranties in this Agreement and the

other Loan Documents are true and correct in all material respects (except for any representation and

warranty that is qualified by materiality or reference to Material Adverse Effect, which such

representation and warranty shall be true and correct in all respects) as of the LCT Test Date, or if such

representation speaks as of an earlier date, as of such earlier date and (ii) as of the date of consummation

of such Limited Condition Transaction, (A) the representations and warranties under the relevant

definitive agreement governing such Limited Condition Transaction as are material to the lenders

providing such Indebtedness (including, if applicable, the Lenders) shall be true and correct, but only to

the extent that the Borrower or its applicable Subsidiary has the right to terminate its obligations under

such agreement or otherwise decline to close such Limited Condition Transaction as a result of a breach

of such representations and warranties or the failure of those representations and warranties to be true and

correct and (B) certain of the representations and warranties in this Agreement and the other Loan

Documents which are customary for similar “funds certain” financings and required by the lenders

(including, if applicable, the Lenders) providing such Indebtedness shall be true and correct in all material

respects (except for any representation and warranty that is qualified by materiality or reference to

Material Adverse Effect, which such representation and warranty shall be true and correct in all respects);

(c)any financial ratio test or condition to be tested in connection with such Limited

Condition Transaction and the availability of such Indebtedness will be tested as of the LCT Test Date, in

each case after giving effect to the relevant Limited Condition Transaction and all other transactions in

connection therewith (including the incurrence or assumption of any Indebtedness), on a pro forma basis

where applicable, and, for the avoidance of doubt, (i) such ratios and baskets shall not be tested at the

time of consummation of such Limited Condition Transaction and (ii) if any of such ratios are exceeded

or conditions are not met following the LCT Test Date, but prior to the closing of such Limited Condition

Transaction, as a result of fluctuations in such ratio or amount (including due to fluctuations in

Consolidated EBITDA of the Borrower or the Person subject to such Limited Condition Transaction), at

or prior to the consummation of the relevant transaction or action, such ratios will not be deemed to have

been exceeded and such conditions will not be deemed unmet as a result of such fluctuations solely for

purposes of determining whether the relevant transaction or action is permitted to be consummated or

taken;

(d)except as provided in the next sentence, in connection with any subsequent calculation of

any ratio or basket on or following the relevant LCT Test Date and prior to the earlier of the date on

which such Limited Condition Transaction is consummated and the date that the relevant Limited

Condition Transaction Agreement is terminated or expires without consummation of such Limited

Condition Transaction, any such ratio or basket shall be calculated (i) on a pro forma basis assuming such

Limited Condition Transaction and other transactions in connection therewith (including the incurrence or

assumption of Indebtedness) have been consummated and (ii) assuming such Limited Condition

Transaction and other transactions in connection therewith (including the incurrence or assumption of

Indebtedness) have not been consummated. Notwithstanding the foregoing, any calculation of a ratio in

connection with determining the Applicable Margin and determining whether or not the Borrower is in

compliance with the financial covenants set forth in Section 8.12 shall, in each case be calculated

assuming such Limited Condition Transaction and other transactions in connection therewith (including

the incurrence or assumption of Indebtedness) have not been consummated.

The foregoing provisions shall apply with similar effect during the pendency of multiple Limited

Condition Transactions such that each of the possible scenarios is separately tested.

SECTION 1.11Classification. For purposes of determining compliance at any time with Sections

8.1, 8.2, 8.3, 8.5, or 8.6, in the event that any Indebtedness, Lien, Asset Disposition, or Restricted

Payment, as applicable, meets the criteria of more than one of the categories of transactions or items

permitted pursuant to any clause of such Sections, the Borrower, in its reasonable discretion, may, from

time to time, classify or reclassify such transaction or item (or portion thereof) and will only be required

to include the amount and type of such transaction (or portion thereof) in any category that the Borrower

determines in its reasonable discretion. It is understood and agreed that any Indebtedness, Lien,

Investment, Asset Disposition, or Restricted Payment need not be permitted solely by reference to one

category of permitted Indebtedness, Lien, Investment, Asset Disposition, or Restricted Payment, but may

instead be permitted in part under any combination thereof.

SECTION 1.12Rates. The interest rate on a Loan denominated in Dollars may be derived from

an interest rate benchmark that may be discontinued or is, or may in the future become, the subject of

regulatory reform. Upon the occurrence of a Benchmark Transition Event, Section 4.8(c) provides a

mechanism for determining an alternative rate of interest. The Administrative Agent does not warrant or

accept any responsibility for, and shall not have any liability with respect to, (a) the continuation of,

administration of, submission of, calculation of or any other matter related to the Term SOFR Reference

Rate or Term SOFR, or any component definition thereof or rates referred to in the definition thereof, or

with respect to any alternative, successor, or replacement rate thereto (including any Benchmark

Replacement), including whether the composition or characteristics of any such alternative, successor, or

replacement rate (including any Benchmark Replacement), as it may or may not be adjusted pursuant to

Section 4.8(c), will be similar to, or produce the same value or economic equivalence of, or have the same

volume or liquidity as, the Term SOFR Reference Rate, Term SOFR, or any other Benchmark prior to its

discontinuance or unavailability, or (b) the effect, implementation, or composition of any Conforming

Changes. The Administrative Agent and its Affiliates or other related entities may engage in transactions

that affect the calculation of the Term SOFR Reference Rate, Term SOFR, any alternative, successor, or

replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto and such

transactions may be adverse to the Borrower. The Administrative Agent may select information sources

or services in its reasonable discretion to ascertain the Term SOFR Reference Rate, Term SOFR, or any

other Benchmark, any component definition thereof, or rates referred to in the definition thereof, in each

case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender, or

any other Person for damages of any kind, including direct or indirect, special, punitive, incidental, or

consequential damages, costs, losses, or expenses (whether in tort, contract, or otherwise and whether at

law or in equity), for any error or calculation of any such rate (or component thereof) provided by any

such information source or service.

SECTION 1.13Divisions. 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 on the first date of its existence by the holders of its Equity Interests at such time.

SECTION 1.14Pro Forma Adjustments for Acquisitions and Dispositions. To the extent the

Borrower or any Subsidiary makes any Acquisition outside the ordinary course of business permitted

pursuant to Section 8.3 or Asset Disposition outside the ordinary course of business permitted by

Section 8.5 during any Reference Period, the financial covenants set forth in Section 8.12 for such

Reference Period shall be calculated after giving pro forma effect thereto (including pro forma

adjustments arising out of events which are directly attributable to the Acquisition or the Asset

Disposition, are factually supportable, and are expected to have a continuing impact, as certified by a

Responsible Financial Officer to the Administrative Agent and the Lenders), as if such Acquisition or

such Asset Disposition (and any related incurrence, repayment, or assumption of Indebtedness) had

occurred in the first day of such Reference Period.

ARTICLE II

REVOLVING CREDIT FACILITY

SECTION 2.1 Loans. Subject to the terms and conditions of this Agreement and the other Loan

Documents, and in reliance upon the representations and warranties set forth in this Agreement and the

other Loan Documents, each Lender severally agrees to make Loans in Dollars to the Borrower from time

to time from the Closing Date to, but not including, the Maturity Date as requested by the Borrower in

accordance with the terms of Section 2.2; provided, that (a) the Revolving Credit Outstandings shall not at

any time exceed the Commitment and (b) the Total Credit Exposure of any Lender shall not at any time

exceed such Lender’s Commitment. Each Loan by a Lender shall be in a principal amount equal to such

Lender’s Commitment Percentage of the aggregate principal amount of Loans requested on such

occasion. Subject to the terms and conditions hereof, the Borrower may borrow, repay, and reborrow

Loans hereunder until the Maturity Date.

SECTION 2.2 Procedure for Advances of Loans.

(a)Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable

prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) not later than 11:00

a.m. (i) on the same Business Day as each Base Rate Loan and (ii) at least three (3) U.S. Government

Securities Business Days before each SOFR Loan, of its intention to borrow, specifying (A) the date of

such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be,

(x) with respect to Base Rate Loans in an aggregate principal amount of $1,000,000 or a whole multiple

of $500,000 in excess thereof and (y) with respect to SOFR Loans in an aggregate principal amount of

$2,000,000 or a whole multiple of $1,000,000 in excess thereof (or, in each case, the remaining amount of

the Commitment), (C) whether such Loan is to be a SOFR Loan or a Base Rate Loan, and (D) in the case

of a SOFR Loan, the duration of the Interest Period applicable thereto. If the Borrower fails to specify a

type of Loan in a Notice of Borrowing, then the applicable Loans shall be made as Base Rate Loans. If

the Borrower requests a borrowing of a SOFR Loan in any such Notice of Borrowing, but fails to specify

an Interest Period, it will be deemed to have specified an Interest Period of one month. A Notice of

Borrowing received after 11:00 a.m. shall be deemed received on the next Business Day or U.S.

Government Securities Business Day, as applicable. Each such Notice of Borrowing shall be signed by a

Responsible Officer of the Borrower; provided that, if such Notice of Borrowing is submitted through an

Approved Borrower Portal, the foregoing signature requirement may be waived at the sole discretion of

the Administrative Agent. The Administrative Agent shall promptly notify the Lenders of each such

Notice of Borrowing.

(b)Disbursement of Loans. Not later than 1:00 p.m. on the proposed borrowing date, each

Lender will make available to the Administrative Agent, for the account of the Borrower, at the

Administrative Agent’s Office in funds immediately available to the Administrative Agent, such Lender’s

Commitment Percentage of the Loans to be made on such borrowing date. The Borrower hereby

irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested

pursuant to this Section in immediately available funds by crediting or wiring such proceeds to the deposit

account of the Borrower identified in the most recent notice substantially in the form attached as

Exhibit C (a “Notice of Account Designation”) delivered by the Borrower to the Administrative Agent or

as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time.

Subject to Section 4.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of

the proceeds of any Loan requested pursuant to this Section to the extent that any Lender has not made

available to the Administrative Agent its Commitment Percentage of such Loan.

SECTION 2.3Repayment and Prepayment of Loans.

(a)Repayment on Termination Date. The Borrower hereby agrees to repay the outstanding

principal amount of all Loans in full on the Maturity Date, with all accrued but unpaid interest thereon.

(b)Mandatory Prepayments.

(i)If at any time the Revolving Credit Outstandings exceed the Commitment, the

Borrower agrees to repay immediately upon notice from the Administrative Agent, by payment in

cash to the Administrative Agent for the account of the Lenders, Extensions of Credit in an

amount equal to such excess with each such repayment applied first, to the principal amount of

outstanding Loans and second, with respect to any Letters of Credit then outstanding, as a

payment of Cash Collateral into a Cash Collateral account opened by the Administrative Agent,

for the benefit of the Lenders, in an amount equal to such excess (such Cash Collateral to be

applied in accordance with Section 9.2(b)).

(ii)If an increase in the aggregate Commitments is effected as permitted under

Section 4.13, the Borrower shall prepay any Loans outstanding on the date such increase is

effected to the extent necessary to keep the outstanding Loans ratable to reflect the revised

Commitment Percentages arising from such increase. Any prepayment made by the Borrower in

accordance with this clause (ii) may be made with the proceeds of Loans made by all the Lenders

in connection with such increase occurring simultaneously with the prepayment.

(c)Optional Prepayments. The Borrower may at any time and from time to time prepay

Loans, in whole or in part, without premium or penalty, with irrevocable prior written notice to the

Administrative Agent substantially in the form attached as Exhibit D (a “Notice of Prepayment”) given

not later than 11:00 a.m. (i) on the same Business Day as prepayment of each Base Rate Loan and (ii) at

least three (3) U.S. Government Securities Business Days before prepayment of each SOFR Loan,

specifying the date and amount of prepayment and whether the prepayment is of SOFR Loans, Base Rate

Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Each

such Notice of Prepayment shall be signed by a Responsible Officer of the Borrower; provided that, if

such Notice of Prepayment is submitted through an Approved Borrower Portal, the signature requirement

may be waived at the sole discretion of the Administrative Agent. If any such notice is given, the amount

specified in such notice shall be due and payable on the date set forth in such notice. Partial prepayments

shall be in an aggregate amount of $1,000,000 or a whole multiple of $500,000 in excess thereof with

respect to Base Rate Loans and $2,000,000 or a whole multiple of $1,000,000 in excess thereof with

respect to SOFR Loans. A Notice of Prepayment received after 11:00 a.m. shall be deemed received on

the next Business Day or U.S. Government Securities Business Day, as applicable. Each such repayment

shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof. Notwithstanding

the foregoing, any Notice of Prepayment delivered in connection with any refinancing of all of the Credit

Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of

some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the

consummation of such refinancing or incurrence or occurrence of such other identifiable event or

condition and may be revoked by the Borrower in the event such contingency is not met (provided that

the failure of such contingency shall not relieve the Borrower from its obligations in respect thereof under

Section 4.9). The Administrative Agent shall promptly notify the Lenders of each such Notice of

Prepayment.

(d)Limitation on Prepayment of SOFR Loans. The Borrower may not prepay any SOFR

Loan on any day other than on the last day of the Interest Period applicable thereto unless such

prepayment is accompanied by any amount required to be paid pursuant to Section 4.9 hereof.

(e)Hedge Agreements. No repayment or prepayment of the Loans pursuant to this Section

shall affect any of the Borrower’s obligations under any Hedge Agreement entered into with respect to the

Loans.

SECTION 2.4Permanent Reduction of the Commitment.

(a)Voluntary Reduction. The Borrower shall have the right at any time and from time to

time, upon at least five (5) Business Days prior irrevocable written notice to the Administrative Agent, to

permanently reduce, without premium or penalty, (i) the entire Commitment at any time or (ii) portions of

the Commitment, from time to time, in an aggregate principal amount not less than $1,000,000 or any

whole multiple of $1,000,000 in excess thereof. Any reduction of the Commitment shall be applied to the

Commitment of each Lender according to its Commitment Percentage. All Commitment Fees accrued

until the effective date of any termination of the Commitment shall be paid on the effective date of such

termination. Notwithstanding the foregoing, any notice to reduce the Commitment delivered in

connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of

any incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if

expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or

occurrence of such identifiable event or condition and may be revoked by the Borrower in the event such

contingency is not met (provided that the failure of such contingency shall not relieve the Borrower from

its obligations in respect thereof under Section 4.9).

(b)Corresponding Payment. Each permanent reduction permitted pursuant to this Section

shall be accompanied by a payment of principal sufficient to reduce the aggregate outstanding Loans and

L/C Obligations, as applicable, after such reduction to the Commitment as so reduced, and if the

aggregate amount of all outstanding Letters of Credit exceeds the Commitment as so reduced, the

Borrower shall be required to deposit Cash Collateral in a Cash Collateral account opened by the

Administrative Agent in an amount equal to such excess. Such Cash Collateral shall be applied in

accordance with Section 9.2(b). Any reduction of the Commitment to zero shall be accompanied by

payment of all outstanding Loans (and furnishing of Cash Collateral satisfactory to the Administrative

Agent for all L/C Obligations or other arrangements satisfactory to the respective Issuing Lenders) and

shall result in the termination of the Commitment and the Revolving Credit Facility. If the reduction of

the Commitment requires the repayment of any SOFR Loan, such repayment shall be accompanied by

any amount required to be paid pursuant to Section 4.9 hereof.

SECTION 2.5Termination of Revolving Credit Facility.. The Revolving Credit Facility and the

Commitments shall terminate on the Maturity Date.

ARTICLE III

LETTER OF CREDIT FACILITY

SECTION 3.1L/C Facility.

(a)Availability. Subject to the terms and conditions hereof, each Issuing Lender, in reliance

on the agreements of the Lenders set forth in Section 3.4(a), agrees to issue Letters of Credit in an

aggregate amount not to exceed its L/C Commitment for the account of the Borrower or, subject to

Section 3.10, any Subsidiary thereof. Letters of Credit may be issued on any Business Day from the

Closing Date to, but not including the fifteenth (15th) Business Day prior to the Maturity Date in such

form as may be approved from time to time by the applicable Issuing Lender; provided, that no Issuing

Lender shall issue any Letter of Credit if, after giving effect to such issuance, (i) the aggregate amount of

the outstanding Letters of Credit issued by such Issuing Lender would exceed its L/C Commitment, (ii)

the L/C Obligations would exceed the L/C Sublimit, or (iii) the Revolving Credit Outstandings would

exceed the Commitment. Letters of Credit issued hereunder shall constitute utilization of the

Commitments.

(b)Terms of Letters of Credit. Each Letter of Credit shall (i) be denominated in Dollars,

(ii) expire on a date no more than twelve (12) months after the date of issuance or last renewal or

extension of such Letter of Credit (subject to automatic renewal or extension for additional one (1) year

periods (but not to a date later than the date set forth below) pursuant to the terms of the Letter of Credit

Documents or other documentation acceptable to the applicable Issuing Lender), which date shall be no

later than the fifth (5th) Business Day prior to the Maturity Date; provided that any Letter of Credit may

expire after such date (each such Letter of Credit, an “Extended Letter of Credit”) with the consent of the

applicable Issuing Lender and subject to the requirements of Section 3.12, and (iii) unless otherwise

expressly agreed by the applicable Issuing Lender and the Borrower when a Letter of Credit is issued by

it, be subject to the UCP, in the case of a commercial Letter of Credit, or ISP, in the case of a standby

Letter of Credit, in each case as set forth in the Letter of Credit Documents or as determined by the

applicable Issuing Lender and, to the extent not inconsistent therewith, the laws of the State of New York.

No Issuing Lender shall at any time be obligated to issue any Letter of Credit hereunder if (A) any order,

judgment, or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or

restrain such Issuing Lender from issuing such Letter of Credit, or request that such Issuing Lender

refrain from, or any Applicable Law applicable to such Issuing Lender or any request or directive

(whether or not having the force of law) from any Governmental Authority with jurisdiction over such

Issuing Lender shall prohibit, the issuance of letters of credit generally or such Letter of Credit in

particular or shall impose upon such Issuing Lender with respect to letters of credit generally or such

Letter of Credit in particular any restriction or reserve or capital requirement (for which such Issuing

Lender is not otherwise compensated) not in effect on the Closing Date, or any unreimbursed loss, cost, or

expense that was not applicable, in effect or known to such Issuing Lender as of the Closing Date and that

such Issuing Lender in good faith deems material to it, (B) the conditions set forth in Section 5.2 are not

satisfied, (C) the issuance of such Letter of Credit would violate one or more policies of such Issuing

Lender applicable to letters of credit generally, (D) the proceeds of which would be made available to any

Person (x) to fund any activity or business of or with any Sanctioned Person, or in any Sanctioned

Country, to the extent such activity or business would be prohibited by Sanctions if conducted by a

corporation incorporated in the United States, or (y) in any manner that would result in a violation of any

Sanctions by any party to this Agreement, or (E) any Lender is at that time a Defaulting Lender, unless

such Issuing Lender has entered into arrangements, including the delivery of Cash Collateral, satisfactory

to such Issuing Lender (in its sole discretion) with the Borrower or such Lender to eliminate such Issuing

Lender’s actual or potential Fronting Exposure (after giving effect to Section 4.15(a)(iv)) with respect to

the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of

Credit and all other L/C Obligations as to which such Issuing Lender has actual or potential Fronting

Exposure, as it may elect in its sole discretion. An Issuing Lender shall be under no obligation to amend

any Letter of Credit if (x) such Issuing Lender would have no obligation at such time to issue the Letter of

Credit in its amended form under the terms hereof or (y) the beneficiary of the Letter of Credit does not

accept the proposed amendment to the Letter of Credit. References herein to “issue” and derivations

thereof with respect to Letters of Credit shall also include extensions or modifications of any outstanding

Letters of Credit, unless the context otherwise requires.

(c)Defaulting Lenders. Notwithstanding anything to the contrary contained in this

Agreement, Article III shall be subject to the terms and conditions of Section 4.14 and Section 4.15.

SECTION 3.2Procedure for Issuance and Disbursement of Letters of Credit.

(a)The Borrower may from time to time request that any Issuing Lender issue, amend,

renew, or extend a Letter of Credit by delivering to such Issuing Lender at its applicable office (with a

copy to the Administrative Agent at the Administrative Agent’s Office) a Letter of Credit Application

therefor, completed to the satisfaction of such Issuing Lender, and such other certificates, documents, and

other Letter of Credit Documents and information as such Issuing Lender or the Administrative Agent

may request, not later than 11:00 a.m. at least two (2) Business Days (or such later date and time as the

Administrative Agent and such Issuing Lender may agree in their sole discretion) prior to the proposed

date of issuance, amendment, renewal, or extension, as the case may be. Such notice shall specify (i) the

requested date of issuance, amendment, renewal, or extension (which shall be a Business Day), (ii) the

date on which such Letter of Credit is to expire (which shall comply with Section 3.1(b)), (iii) the amount

of such Letter of Credit, (iv) the name and address of the beneficiary thereof, (v) the purpose and nature

of such Letter of Credit, and (vi) such other information as shall be necessary to issue, amend, renew, or

extend such Letter of Credit. Upon receipt of any Letter of Credit Application, the applicable Issuing

Lender shall process such Letter of Credit Application and the certificates, documents, and other Letter of

Credit Documents and information delivered to it in connection therewith in accordance with its

customary procedures and shall, subject to Section 3.1 and Article V, promptly issue, amend, renew, or

extend the Letter of Credit requested thereby (subject to the timing requirements set forth in this Section

3.2) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be

agreed by such Issuing Lender and the Borrower. Additionally, the Borrower shall furnish to the

applicable Issuing Lender and the Administrative Agent such other documents and information pertaining

to such requested Letter of Credit issuance or amendment, renewal, or extension, including any Letter of

Credit Documents, as the applicable Issuing Lender or the Administrative Agent may require. The

applicable Issuing Lender shall promptly furnish to the Borrower and the Administrative Agent a copy of

such Letter of Credit and the related Letter of Credit Documents and the Administrative Agent shall

promptly notify each Lender of the issuance and upon request by any Lender, furnish to such Lender a

copy of such Letter of Credit and the amount of such Lender’s participation therein.

(b)The Issuing Lender for any Letter of Credit shall, within the time allowed by Applicable

Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents

purporting to represent a demand for payment under such Letter of Credit. Such Issuing Lender shall

promptly after such examination notify the Administrative Agent and the Borrower in writing of such

demand for payment if such Issuing Lender has or will honor such demand for payment 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 Lender and the L/C Participants with respect to such payment.

SECTION 3.3 Commissions and Other Charges.

(a)Letter of Credit Commissions. Subject to Section 4.15(a)(iii)(B), the Borrower shall pay

to the Administrative Agent, for the account of the applicable Issuing Lender and the L/C Participants, a

letter of credit commission with respect to each Letter of Credit in the amount equal to the daily amount

available to be drawn under such Letters of Credit times the Applicable Margin with respect to SOFR

Loans (determined, in each case, on a per annum basis). Such commission shall be payable quarterly in

arrears on the fifteenth day following the last day of each calendar quarter (commencing with the first

such date to occur after the issuance of such Letter of Credit), on the Maturity Date, and thereafter on

demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt

thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received

pursuant to this Section 3.3 in accordance with their respective Commitment Percentages.

(b)Issuance Fee. In addition to the foregoing commission, the Borrower shall pay directly to

the applicable Issuing Lender, for its own account, an issuance fee with respect to each Letter of Credit

issued by such Issuing Lender equal to the greater of (i) 0.20% per annum on the daily maximum amount

available to be drawn under each such Letter of Credit and (ii) $500. Such issuance fee shall be payable

quarterly in arrears on the fifteenth day following the last day of each calendar quarter commencing with

the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date and thereafter

on demand of the applicable Issuing Lender.

(c)Other Fees, Costs, Charges, and Expenses. In addition to the foregoing fees and

commissions, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary

fees, costs, charges, and expenses as are incurred or charged by such Issuing Lender in issuing, effecting

payment under, amending, or otherwise administering any Letter of Credit issued by it. Such customary

fees, costs, charges, and expenses are due and payable on demand and are nonrefundable.

SECTION 3.4L/C Participations.

(a)Each Issuing Lender irrevocably agrees to grant and hereby grants to each L/C

Participant, and, to induce each Issuing Lender to issue Letters of Credit hereunder, each L/C Participant

irrevocably agrees to accept and purchase and hereby accepts and purchases from each Issuing Lender, on

the terms and conditions hereinafter stated, for such L/C Participant’s own account and risk an undivided

interest equal to such L/C Participant’s Commitment Percentage in each Issuing Lender’s obligations and

rights under and in respect of each Letter of Credit issued by it hereunder and the amount of each draft

paid by such Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees

with each Issuing Lender that, if a draft is paid under any Letter of Credit issued by such Issuing Lender

for which such Issuing Lender is not reimbursed in full by the Borrower through a Loan or otherwise in

accordance with the terms of this Agreement, such L/C Participant shall pay to such Issuing Lender upon

demand at such Issuing Lender’s address for notices specified herein an amount equal to such L/C

Participant’s Commitment Percentage of the amount of such draft, or any part thereof, which is not so

reimbursed.

(b)Upon becoming aware of any amount required to be paid by any L/C Participant to any

Issuing Lender pursuant to Section 3.4(a) in respect of any unreimbursed portion of any payment made by

such Issuing Lender under any Letter of Credit, issued by it, such Issuing Lender shall notify the

Administrative Agent of such unreimbursed amount and the Administrative Agent shall notify each L/C

Participant (with a copy to the applicable Issuing Lender) of the amount and due date of such required

payment and such L/C Participant shall pay to the Administrative Agent (which, in turn shall pay such

Issuing Lender) the amount specified on the applicable due date. If any such amount is paid to such

Issuing Lender after the date such payment is due, such L/C Participant shall pay to the Administrative

Agent, which in turn shall pay such Issuing Lender on demand, in addition to such amount, the product of

(i) such amount, times (ii) the Overnight Rate as determined by the Administrative Agent during the

period from and including the date such payment is due to the date on which such payment is immediately

available to such Issuing Lender, times (iii) a fraction the numerator of which is the number of days that

elapse during such period and the denominator of which is 360, plus any administrative, processing or

similar fees customarily charged by such Issuing Lender in connection with the foregoing. A certificate

of such Issuing Lender with respect to any amounts owing under this Section shall be conclusive in the

absence of manifest error. With respect to payment to such Issuing Lender of the unreimbursed amounts

described in this Section, if the L/C Participants receive notice that any such payment is due (A) prior to

1:00 p.m. on any Business Day, such payment shall be due that Business Day, and (B) after 1:00 p.m. on

any Business Day, such payment shall be due on the following Business Day.

(c)Whenever, at any time after any Issuing Lender has made payment under any Letter of

Credit issued by it and has received from any L/C Participant its Commitment Percentage of such

payment in accordance with this Section, such Issuing Lender receives any payment related to such Letter

of Credit (whether directly from the Administrative Agent or otherwise), or any payment of interest on

account thereof, such Issuing Lender will distribute to such L/C Participant its pro rata share thereof;

provided that in the event that any such payment received by such Issuing Lender shall be required to be

returned by such Issuing Lender, such L/C Participant shall return to the Administrative Agent, which

shall in turn pay to such Issuing Lender, the portion thereof previously distributed by such Issuing Lender

to it.

(d)Each L/C Participant’s obligation to make Loans and to purchase participating interests

pursuant to this Section 3.4 or Section 3.5, as applicable, shall be absolute and unconditional and shall not

be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense, or other

right that such Lender or the Borrower may have against the Issuing Lender, the Borrower, or any other

Person for any reason whatsoever, (ii) the occurrence or continuation of a Default or an Event of Default

or the failure to satisfy any of the other conditions specified in Article V, (iii) any adverse change in the

condition (financial or otherwise) of the Borrower, (iv) any breach of this Agreement or any other Loan

Document by the Borrower, any other Credit Party, or any other Lender, or (v) any other circumstance,

happening, or event whatsoever, whether or not similar to any of the foregoing.

SECTION 3.5Reimbursement. In the event of any drawing under any Letter of Credit, the

Borrower agrees to reimburse (either with the proceeds of a Loan as provided for in this Section or with

funds from other sources), in same day funds, the applicable Issuing Lender by paying to the

Administrative Agent the amount of such drawing not later than 12:00 noon on (i) the Business Day that

the Borrower receives notice of such drawing, if such notice is received by the Borrower prior to 10:00

a.m., or (ii) the Business Day immediately following the day that the Borrower receives such notice, if

such notice is not received prior to such time, for the amount of (x) such draft so paid and (y) any

amounts referred to in Section 3.3(c) incurred by such Issuing Lender in connection with such payment.

Unless the Borrower shall immediately notify the Administrative Agent and such Issuing Lender that the

Borrower intends to reimburse such Issuing Lender for such drawing from other sources or funds, the

Borrower shall be deemed to have timely given a Notice of Borrowing to the Administrative Agent

requesting that the Lenders make a Base Rate Loan on the applicable repayment date in the amount

(without regard to the minimum and multiples specified in Section 2.2(a)) of (i) such draft so paid and

(ii) any amounts referred to in Section 3.3(c) incurred by such Issuing Lender in connection with such

payment, and the Lenders shall make a Base Rate Loan in such amount, the proceeds of which shall be

applied to reimburse such Issuing Lender for the amount of the related drawing and such fees and

expenses. Each Lender acknowledges and agrees that its obligation to fund a Loan in accordance with

this Section to reimburse such Issuing Lender for any draft paid under a Letter of Credit issued by it is

absolute and unconditional and shall not be affected by any circumstance whatsoever, including non-

satisfaction of the conditions set forth in Section 2.2(a) or Article V. If the Borrower has elected to pay

the amount of such drawing with funds from other sources and shall fail to reimburse such Issuing Lender

as provided above, or if the amount of such drawing is not fully refunded through a Base Rate Loan as

provided above, the unreimbursed amount of such drawing shall bear interest at the rate which would be

payable on any outstanding Base Rate Loans which were then overdue from the date such amounts

become payable (whether at stated maturity, by acceleration, or otherwise) until paid in full.

SECTION 3.6Obligations Absolute.

(a)The Borrower’s obligations under this Article III (including the Reimbursement

Obligation) shall be absolute, unconditional, and irrevocable under any and all circumstances whatsoever,

and shall be performed strictly in accordance with the terms of this Agreement, and irrespective of:

(i)any lack of validity or enforceability of any Letter of Credit, any Letter of Credit

Document, or this Agreement, or any term or provision therein or herein;

(ii)the existence of any claim, counterclaim, setoff, defense, or other right that the

Borrower may have or have had against the applicable Issuing Lender or any beneficiary of a

Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be

acting), the applicable Issuing Lender or any other Person, whether in connection with this

Agreement, the transactions contemplated hereby, or by such Letter of Credit or any agreement or

instrument relating thereto, or any unrelated transaction;

(iii)the validity or genuineness of documents or of any endorsements thereon, even

though such documents shall in fact prove to be invalid, fraudulent, forged, or insufficient in any

respect or any statement in such draft or other document being untrue or inaccurate in any

respect; or any loss or delay in the transmission or otherwise of any document required in order to

make a drawing under such Letter of Credit;

(iv)any payment by the Issuing Lender under a Letter of Credit against presentation

of a draft or other document that does not comply with the terms of such Letter of Credit;

(v)any draft or other document presented under a Letter of Credit proving to be

forged, fraudulent, or invalid in any respect or any statement in such draft or other document

being untrue or inaccurate in any respect; or

(vi)any other event or circumstance whatsoever, whether or not similar to any of the

foregoing, that might, but for the provisions of this Section, constitute a legal or equitable

discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder.

(b)The Borrower also agrees that the applicable Issuing Lender and the L/C Participants

shall not be responsible for, and the Borrower’s Reimbursement Obligation under Section 3.5 shall not be

affected by, among other things, the validity or genuineness of documents or of any endorsements thereon

or any dispute between or among the Borrower and any beneficiary of any Letter of Credit, even though

such documents shall in fact prove to be invalid, fraudulent, or forged, or any other party to which such

Letter of Credit may be transferred or any claims whatsoever of the Borrower against any beneficiary of

such Letter of Credit or any such transferee. The applicable Issuing Lender, the L/C Participants, and

their respective Related Parties shall not have any liability or responsibility by reason of or in connection

with the issuance or transfer of any Letter of Credit, or any payment or failure to make any payment

thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error,

omission, interruption, loss, or delay in transmission or delivery of any draft, notice, or other

communication under or relating to any Letter of Credit (including any document required to make a

drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes

beyond the control of the applicable Issuing Lender; provided that the foregoing shall not be construed to

excuse an Issuing Lender from liability to the Borrower to the extent of any direct damages (as opposed to

special, indirect, consequential, or punitive damages, claims in respect of which are hereby waived by the

Borrower to the extent permitted by Applicable Law) suffered by the Borrower that are caused by such

Issuing Lender’s failure to exercise care when determining whether drafts and other documents presented

under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the

absence of gross negligence or willful misconduct on the part of the applicable Issuing Lender (as finally

determined by a court of competent jurisdiction), such Issuing Lender shall be deemed to have exercised

care in each such determination.

(c)In furtherance of the foregoing and without limiting the generality thereof, the parties

agree that (i) with respect to documents presented which appear on their face to be in substantial

compliance with the terms of a Letter of Credit, the applicable Issuing Lender may, in its sole discretion,

either accept and make payment upon such documents without responsibility for further investigation,

regardless of any notice or information to the contrary, or refuse to accept and make payment upon such

documents if such documents are not in strict compliance with the terms of such Letter of Credit, (ii) an

Issuing Lender may act upon any instruction or request relative to a Letter of Credit or requested Letter of

Credit that such Issuing Lender in good faith believes to have been given by a Person authorized to give

such instruction or request, and (iii) an Issuing Lender may replace a purportedly lost, stolen, or

destroyed original Letter of Credit or missing amendment thereto with a certified true copy marked as

such or waive a requirement for its presentation. The responsibility of any Issuing Lender to the

Borrower in connection with any draft presented for payment under any Letter of Credit issued by it shall,

in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to

determining that the documents (including each draft) delivered under such Letter of Credit in connection

with such presentment substantially conforms to the requirements under such Letter of Credit.

(d)Notwithstanding anything to the contrary herein, no Issuing Lender shall be responsible

to the Borrower for, and such Issuing Lender’s rights and remedies against the Borrower shall not be

impaired by, any action or inaction of such Issuing Lender 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 Laws or any order of a jurisdiction in which such Issuing Lender or the beneficiary is located,

the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, or

official commentary of the International Chamber of Commerce Banking Commission, the Banker’s

Association for Finance and Trade (BAFT), or the Institute of International Banking Law & Practice,

whether or not any Letter of Credit chooses such laws or practice rules.

SECTION 3.7 Effect of Letter of Credit Documents. To the extent that any provision of any

Letter of Credit Document related to any Letter of Credit is inconsistent with the provisions of this Article

III, the provisions of this Article III shall apply.

SECTION 3.8Removal and Resignation of Issuing Lenders.

(a)The Borrower may at any time remove any Lender from its role as an Issuing Lender

hereunder upon not less than thirty (30) days prior notice to such Issuing Lender and the Administrative

Agent (or such shorter period of time as may be acceptable to such Issuing Lender and the Administrative

Agent).

(b)Any Issuing Lender may resign at any time by giving 30 days’ prior notice to the

Administrative Agent, the Lenders, and the Borrower; provided that, unless otherwise consented to by the

Borrower, no such resignation shall be effective unless immediately after giving effect thereto there is one

or more Issuing Lenders (or Lenders that become an Issuing Lender prior to the end of such 30 day

period) at such time that are willing to provide aggregate L/C Commitments at least equal to the L/C

Sublimit minus the portion thereof then utilized by Letters of Credit issued by the resigning Issuing

Lender. After the resignation of an Issuing Lender hereunder, the retiring Issuing Lender shall remain a

party hereto and shall continue to have all the rights and obligations of an Issuing Lender under this

Agreement and the other Loan Documents with respect to Letters of Credit issued by it prior to such

resignation, but shall not be required to issue additional Letters of Credit or to extend, renew, or increase

the outstanding Letter of Credit.

(c)Any removed or resigning Issuing Lender shall retain all the rights, powers, privileges,

and duties of an Issuing Lender hereunder with respect to all Letters of Credit issued by it that are

outstanding as of the effective date of its removal or resignation as an Issuing Lender and all L/C

Obligations with respect thereto (including the right to require the Lenders to take such actions as are

required under Section 3.4). Without limiting the foregoing, upon the removal or resignation of a Lender

as an Issuing Lender hereunder, the Borrower may, or at the request of such removed or resigned Issuing

Lender the Borrower shall, use commercially reasonable efforts to, arrange for one or more of the other

Issuing Lenders to issue Letters of Credit hereunder in substitution for the Letters of Credit, if any, issued

by such removed or resigned Issuing Lender and outstanding at the time of such removal or resignation,

or make other arrangements satisfactory to the removed or resigned Issuing Lender to effectively cause

another Issuing Lender to assume the obligations of the removed or resigned Issuing Lender with respect

to any such Letters of Credit.

SECTION 3.9 Reporting of Letter of Credit Information and L/C Commitment. . At any time

that there is an Issuing Lender that is not also the financial institution acting as Administrative Agent,

then (a) no later than the fifth Business Day following the last day of each calendar month, (b) on each

date that a Letter of Credit is amended, terminated, or otherwise expires, (c) on each date that a Letter of

Credit is issued or the expiry date of a Letter of Credit is extended, and (d) upon the request of the

Administrative Agent, each Issuing Lender (or, in the case of clause (b), (c), or (d) of this Section, the

applicable Issuing Lender) shall deliver to the Administrative Agent a report setting forth in form and

detail reasonably satisfactory to the Administrative Agent information (including any reimbursement,

Cash Collateral, or termination in respect of Letters of Credit issued by such Issuing Lender) with respect

to each Letter of Credit issued by such Issuing Lender that is outstanding hereunder. In addition, each

Issuing Lender shall provide notice to the Administrative Agent of its L/C Commitment, or any change

thereto, promptly upon it becoming an Issuing Lender or making any change to its L/C Commitment. No

failure on the part of any Issuing Lender to provide such information pursuant to this Section 3.9 shall

limit the obligations of the Borrower or any Lender hereunder with respect to its reimbursement and

participation obligations hereunder.

SECTION 3.10 Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of

Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a

Subsidiary, or states that a Subsidiary is the “account party,” “applicant,” “customer,” “instructing party,”

or the like of or for such Letter of Credit, and without derogating from any rights of the applicable Issuing

Lender (whether arising by contract, at law, in equity, or otherwise) against such Subsidiary in respect of

such Letter of Credit, the Borrower (a) shall be obligated to reimburse, or to cause the applicable

Subsidiary to reimburse, the applicable Issuing Lender hereunder for any and all drawings under such

Letter of Credit as if such Letter of Credit had been issued solely for the account of the Borrower and (b)

irrevocably waives any and all defenses that might otherwise be available to it as a guarantor or surety of

any or all of the obligations of such Subsidiary in respect of such Letter of Credit. The Borrower hereby

acknowledges that the issuance of Letters of Credit for the account of any of its Subsidiaries inures to the

benefit of the Borrower and that the Borrower’s business derives substantial benefits from the businesses

of such Subsidiaries.

SECTION 3.11 Letter of Credit Amounts. Unless otherwise specified, all references herein to

the amount of a Letter of Credit at any time shall be deemed to mean the maximum face amount of such

Letter of Credit after giving effect to all increases thereof contemplated by such Letter of Credit or the

Letter of Credit Documents therefor (at the time specified therefor in such applicable Letter of Credit or

Letter of Credit Documents and as such amount may be reduced by (a) any permanent reduction of such

Letter of Credit or (b) any amount which is drawn, reimbursed, and no longer available under such Letter

of Credit).

SECTION 3.12 Cash Collateral for Extended Letters of Credit.

(a)Cash Collateralization. The Borrower shall provide Cash Collateral to each applicable

Issuing Lender with respect to each Extended Letter of Credit issued by such Issuing Lender (in an

amount equal to 103% of the maximum face amount of each Extended Letter of Credit, calculated in

accordance with Section 3.11) by a date that is no later than 95 days prior to the Maturity Date by

depositing such amount in immediately available funds, in Dollars, into a cash collateral account

maintained at the applicable Issuing Lender and shall enter into a cash collateral agreement in form and

substance satisfactory to such Issuing Lender and such other documentation as such Issuing Lender or the

Administrative Agent may reasonably request; provided that if the Borrower fails to provide Cash

Collateral with respect to any such Extended Letter of Credit by such time, such event shall be treated as a

drawing under such Extended Letter of Credit in an amount equal to 103% of the maximum face amount

of each such Letter of Credit, calculated in accordance with Section 3.11, which shall be reimbursed (or

participations therein funded) in accordance with this Article III, with the proceeds of Loans (or funded

participations) being utilized to provide Cash Collateral for such Letter of Credit (provided that for

purposes of determining the usage of the Commitment any such Extended Letter of Credit that has been,

or will concurrently be, Cash Collateralized with proceeds of a Loan, the portion of such Extended Letter

of Credit that has been (or will concurrently be) so Cash Collateralized will not be deemed to be

utilization of the Commitment).

(b)Grant of Security Interest. The Borrower, and to the extent provided by the L/C

Participants, each of such L/C Participants, hereby grants to the applicable Issuing Lender of each

Extended Letter of Credit, and agrees to maintain, a first priority security interest in, all Cash Collateral

required to be provided by this Section 3.12 as security for such Issuing Lender’s obligation to fund draws

under such Extended Letters of Credit, to be applied pursuant to clause (c) below. If at any time the

applicable Issuing Lender determines that the Cash Collateral is subject to any right or claim of any

Person other than such Issuing Lender as herein provided (other than Permitted Liens under Section

7.2(d) solely with respect to statutory banker’s Liens), or that the total amount of such Cash Collateral is

less than the amount required pursuant to clause (a) above, the Borrower will, promptly upon demand by

such Issuing Lender, pay or provide to such Issuing Lender additional Cash Collateral in an amount

sufficient to eliminate such deficiency.

(c)Application. Notwithstanding anything to the contrary contained in this Agreement or

any other Loan Document, Cash Collateral provided under this Section 3.12 in respect of Extended

Letters of Credit shall be applied to reimburse the applicable Issuing Lender for all drawings made under

such Extended Letters of Credit and any and all fees, expenses, and charges incurred in connection

therewith, prior to any other application of such property as may otherwise be provided for herein.

(d)Cash Collateralized Letters of Credit. Subject to clause (e) below, if the Borrower has

fully Cash Collateralized the applicable Issuing Lender with respect to any Extended Letter of Credit

issued by such Issuing Lender in accordance with clauses (a) through (c) above and the Borrower and the

applicable Issuing Lender have made arrangements between them with respect to the pricing and fees

associated therewith (each such Extended Letter of Credit, a “Cash Collateralized Letter of Credit”), then

after the date of notice to the Administrative Agent thereof by the applicable Issuing Lender and for so

long as such Cash Collateral remains in place (i) such Cash Collateralized Letter of Credit shall cease to

be a “Letter of Credit” hereunder, (ii) such Cash Collateralized Letter of Credit shall not constitute

utilization of the Commitment, (iii) no Lender shall have any further obligation to fund participations or

Loans to reimburse any drawing under any such Cash Collateralized Letter of Credit, (iv) no Letter of

Credit commissions under Section 3.3(a) shall be due or payable to the Lenders, or any of them,

hereunder with respect to such Cash Collateralized Letter of Credit, and (v) any fronting fee, issuance fee,

or other fee with respect to such Cash Collateralized Letter of Credit shall be as agreed separately

between the Borrower and such Issuing Lender.

(e)Reinstatement. The Borrower and each Lender agree that, if any payment or deposit

made by the Borrower or any other Person applied to the Cash Collateral required under this Section 3.12

is at any time avoided, annulled, set aside, rescinded, invalidated, declared to be fraudulent or

preferential, or otherwise required to be refunded or repaid, or is repaid in whole or in part pursuant to a

good faith settlement of a pending or threatened avoidance claim, or the proceeds of any such Cash

Collateral are required to be refunded by the applicable Issuing Lender to the Borrower or any Lender or

its respective estate, trustee, receiver, or any other Person, under any Applicable Law or equitable cause,

then, to the extent of such payment or repayment, (i) the applicable Extended Letter of Credit shall

automatically be a “Letter of Credit” hereunder in a face amount equal to such payment or repayment

(each such Letter of Credit, a “Reinstated Letter of Credit”), (ii) such Reinstated Letter of Credit shall no

longer be deemed to be Cash Collateralized hereunder and shall constitute a utilization of the

Commitment, (iii) each Lender shall be obligated to fund participations or Loans to reimburse any

drawing under such Reinstated Letter of Credit, (iv) Letter of Credit commissions under Section 3.3(a)

shall accrue and be due and payable to the Lenders with respect to such Reinstated Letter of Credit, and

(v) the Borrower’s and each Lender’s liability hereunder (and any Guarantee, Lien, or Collateral

guaranteeing or securing such liability) shall be and remain in full force and effect, as fully as if such

payment or deposit had never been made, and, if prior thereto, this Agreement shall have been canceled,

terminated, paid in full, or otherwise extinguished (and if any Guarantee, Lien, or Collateral guaranteeing

or securing the Borrower’s or such Lender’s liability hereunder shall have been released or terminated by

virtue of such cancellation, termination, payment, or extinguishment), the provisions of this Article III

and all other rights and duties of the applicable Issuing Lender, the L/C Participants, and the Credit

Parties with respect to such Reinstated Letter of Credit (and any Guarantee, Lien, or Collateral

guaranteeing or securing such liability) shall be reinstated in full force and effect, and such prior

cancellation, termination, payment, or extinguishment shall not diminish, release, discharge, impair, or

otherwise affect the obligations of such Persons in respect of such Reinstated Letter of Credit (and any

Guarantee, Lien, or Collateral guaranteeing or securing such obligation).

(f)Survival. With respect to any Extended Letter of Credit, each party’s obligations under

this Article III and all other rights and duties of the applicable Issuing Lender of such Extended Letter of

Credit, the L/C Participants, and the Credit Parties with respect to such Extended Letter of Credit shall

survive the resignation or replacement of the applicable Issuing Lender or any assignment of rights by the

applicable Issuing Lender, the termination of the Commitments, and the repayment, satisfaction, or

discharge of the Obligations.

ARTICLE IV

GENERAL LOAN PROVISIONS

SECTION 4.1Interest.

(a)Interest Rate Options. Subject to the provisions of this Section, at the election of the

Borrower, Loans shall bear interest at (A) the Base Rate plus the Applicable Margin or (B) Term SOFR

plus the Applicable Margin (provided that Term SOFR shall not be available until three (3) U.S.

Government Securities Business Days after the Closing Date unless the Borrower has delivered to the

Administrative Agent a letter in form and substance reasonably satisfactory to the Administrative Agent

indemnifying the Lenders in the manner set forth in Section 4.9 of this Agreement). The Borrower shall

select the rate of interest and Interest Period, if any, applicable to any Loan at the time a Notice of

Borrowing is given or at the time a Notice of Conversion/Continuation is given pursuant to Section 4.2.

(b)Default Rate. Subject to Section 9.3, (i) immediately upon the occurrence and during the

continuation of an Event of Default under Section 9.1(a) or (f) or (ii) at the election of the Required

Lenders (or the Administrative Agent at the direction of the Required Lenders), upon the occurrence and

during the continuation of any other Event of Default, (A) the Borrower shall no longer have the option to

request SOFR Loans or Letters of Credit, (B) all outstanding SOFR Loans shall bear interest at a rate per

annum of two percent (2%) in excess of the rate (including the Applicable Margin) then applicable to

SOFR Loans until the end of the applicable Interest Period and thereafter at a rate per annum of two

percent (2%) in excess of the rate (including the Applicable Margin) then applicable to Base Rate Loans,

hereunder or under any other Loan Document shall bear interest at a rate per annum of two percent (2%)

in excess of the rate (including the Applicable Margin) then applicable to Base Rate Loans, Letter of

Credit commissions, or such other past due Obligations arising hereunder or under any other Loan

Document, and (D) all accrued and unpaid interest shall be due and payable on demand of the

Administrative Agent. Interest shall continue to accrue on the Obligations after the filing by or against

the Borrower of any petition seeking any relief in bankruptcy or under any Debtor Relief Law.

(c)Interest Payment and Computation. Interest on each Base Rate Loan shall be due and

payable in arrears on the last Business Day of each calendar quarter commencing with the first calendar

quarter ending after the Closing Date and interest on each SOFR Loan shall be due and payable in arrears

on the last day of each Interest Period applicable thereto, and if such Interest Period extends over three (3)

months, at the end of each three (3) month interval during such Interest Period; provided that (i) in the

event of any repayment or prepayment of any SOFR Loan, accrued interest on the principal amount

repaid or prepaid shall be payable on the date of such repayment or prepayment and (ii) in the event of

any conversion of any SOFR Loan prior to the end of the Interest Period therefor, accrued interest on such

Loan shall be payable on the effective date of such conversion. All computations of interest for Base

Rate Loans shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days

elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a

360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid

than if computed on the basis of a 365/366-day year).

(d)Maximum Rate. In no contingency or event whatsoever shall the aggregate of all

amounts deemed interest under this Agreement charged or collected pursuant to the terms of this

Agreement exceed the highest rate permissible under any Applicable Law which a court of competent

jurisdiction shall, in a final determination, deem applicable hereto. In the event that such a court

determines that the Lenders have charged or received interest hereunder in excess of the highest

applicable rate, the rate in effect hereunder shall automatically be reduced to the maximum rate permitted

by Applicable Law and the Lenders shall at the Administrative Agent’s option (i) promptly refund to the

Borrower any interest received by the Lenders in excess of the maximum lawful rate or (ii) apply such

excess to the principal balance of the Obligations. It is the intent hereof that the Borrower not pay or

contract to pay, and that neither the Administrative Agent nor any Lender receive or contract to receive,

directly or indirectly in any manner whatsoever, interest in excess of that which may be paid by the

Borrower under Applicable Law.

(e)Term SOFR Conforming Changes. In connection with the use or administration of Term

SOFR, the Administrative Agent will have the right to make Conforming Changes from time to time and,

notwithstanding anything to the contrary herein or in any other Loan Document, any amendments

implementing such Conforming Changes will become effective without any further action or consent of

any other party to this Agreement or any other Loan Document. The Administrative Agent will promptly

notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with

the use or administration of Term SOFR.

SECTION 4.2 Notice and Manner of Conversion or Continuation of Loans. Provided that

no Default or Event of Default has occurred and is then continuing, the Borrower shall have the option to

(a) convert at any time following the third U.S. Government Securities Business Day after the Closing

Date, subject to the notice requirements herein, all or any portion of any outstanding Base Rate Loans in a

principal amount equal to $2,000,000 or any whole multiple of $1,000,000 in excess thereof (or such

lesser amount as shall represent all of the Base Rate Loans then outstanding) into one or more SOFR

Loans and (b) upon the expiration of any Interest Period therefor, (i) convert all or any part of any

outstanding SOFR Loans in a principal amount equal to $1,000,000 or a whole multiple of $500,000 in

excess thereof (or such lesser amount as shall represent all of the SOFR Loans then outstanding) into

Base Rate Loans or (ii) continue any such SOFR Loans as SOFR Loans. Whenever the Borrower desires

to convert or continue Loans as provided above, the Borrower shall give the Administrative Agent

irrevocable prior written notice in the form attached as Exhibit E (a “Notice of Conversion/Continuation”)

not later than 11:00 a.m. three (3) U.S. Government Securities Business Days before the day on which a

proposed conversion or continuation of such Loan is to be effective specifying (A) the Loans to be

converted or continued, and, in the case of any SOFR Loan to be converted or continued, the last day of

the Interest Period therefor, (B) the effective date of such conversion or continuation (which shall be a

Business Day), (C) the principal amount of such Loans to be converted or continued, and (D) the Interest

Period to be applicable to such converted or continued SOFR Loan. If the Borrower fails to deliver a

timely Notice of Conversion/Continuation prior to the end of the Interest Period for any SOFR Loan, then

the applicable SOFR Loan shall be automatically converted to a Base Rate Loan. Any such automatic

conversion to a Base Rate Loan shall be effective as of the last day of the Interest Period then in effect

with respect to the applicable SOFR Loan. If the Borrower requests a conversion to, or continuation of, a

SOFR Loan, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period

of one month. The Administrative Agent shall promptly notify the affected Lenders of such Notice of

Conversion/Continuation.

SECTION 4.3Fees.

(a)Commitment Fee. Commencing on the Closing Date, subject to Section 4.15(a)(iii)(A),

the Borrower shall pay to the Administrative Agent, for the account of the Lenders, a non-refundable

commitment fee (the “Commitment Fee”) at a rate per annum equal to the applicable amount for

Commitment Fees as set forth in the definition of Commitment Fee Rate on the average daily unused

portion of the Commitment of the Lenders (other than the Defaulting Lenders, if any). The Commitment

Fee accrued through and including the last day of March, June, September and December of each year

shall be payable in arrears on the fifteenth day following such last day after the Amendment No. 2

Effective Date and ending on the date upon which the Commitments have been terminated. The

Commitment Fee shall be distributed by the Administrative Agent to the Lenders (other than any

Defaulting Lender) pro rata in accordance with such Lenders’ respective Commitment Percentages.

(b)Other Fees. The Borrower shall pay to the applicable Arranger and the Administrative

Agent for their own respective accounts, fees in the amounts and at the times specified in the Fee Letters.

The Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in

the amounts and at the times so specified.

SECTION 4.4 Manner of Payment. Each payment by the Borrower on account of the principal

of or interest on the Loans or of any fee, commission, or other amounts (including the Reimbursement

Obligation) payable to the Lenders under this Agreement shall be made not later than 1:00 p.m. on the

date specified for payment under this Agreement to the Administrative Agent at the Administrative

Agent’s Office for the account of the Lenders entitled to such payment in Dollars, in immediately

available funds and shall be made without any setoff, counterclaim, or deduction whatsoever (other than

for Taxes in accordance with Section 4.11). Any payment received after such time but before 2:00 p.m.

on such day shall be deemed a payment on such date for the purposes of Section 9.1, but for all other

purposes shall be deemed to have been made on the next succeeding Business Day. Any payment

received after 2:00 p.m. shall be deemed to have been made on the next succeeding Business Day for all

purposes. Upon receipt by the Administrative Agent of each such payment, the Administrative Agent

shall distribute to each such Lender at its address for notices set forth herein its Commitment Percentage

(or other applicable share as provided herein) of such payment and shall wire advice of the amount of

such credit to each Lender. Each payment to the Administrative Agent of any Issuing Lender’s fees or L/

C Participants’ commissions shall be made in like manner, but for the account of such Issuing Lender or

the L/C Participants, as the case may be. Each payment to the Administrative Agent of Administrative

Agent’s fees or expenses shall be made for the account of the Administrative Agent and any amount

payable to any Lender under Section 4.9, 4.10, 4.11, or 11.3 shall be paid to the Administrative Agent for

the account of the applicable Lender. Subject to the definition of Interest Period, if any payment under

this Agreement shall be specified to be made upon a day which is not a Business Day, it shall be made on

the next succeeding day which is a Business Day and such extension of time shall in such case be

included in computing any interest if payable along with such payment. Notwithstanding the foregoing, if

there exists a Defaulting Lender each payment by the Borrower to such Defaulting Lender hereunder shall

be applied in accordance with Section 4.15(a)(ii).

SECTION 4.5 Evidence of Indebtedness.

(a)Extensions of Credit. The Extensions of Credit made by each Lender and each Issuing

Lender shall be evidenced by one or more accounts or records maintained by such Lender or such Issuing

Lender and by the Administrative Agent in the ordinary course of business. Subject to Section 11.9(c),

the accounts or records maintained by the Administrative Agent and each Lender or the applicable Issuing

Lender shall be conclusive absent manifest error of the amount of the Extensions of Credit made by the

Lenders or such Issuing Lender to the Borrower and its Subsidiaries and the interest and payments

thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the

obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the

event of any conflict between the accounts and records maintained by any Lender or any Issuing Lender

and the accounts and records of the Administrative Agent in respect of such matters, the accounts and

records of the Administrative Agent shall control in the absence of manifest error. Upon the request of

any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such

Lender (through the Administrative Agent) a Note which shall evidence such Lender’s Loans, in addition

to such accounts or records. Each Lender may attach schedules to its Notes and endorse thereon the date,

amount, and maturity of its Loans and payments with respect thereto.

(b)Participations. In addition to the accounts and records referred to in clause (a), each

Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or

records evidencing the purchases and sales by such Lender of participations in Letters of Credit. In the

event of any conflict between the accounts and records maintained by the Administrative Agent and the

accounts and records of any Lender in respect of such matters, the accounts and records of the

Administrative Agent shall control in the absence of manifest error.

SECTION 4.6 Sharing of Payments by Lenders. 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

Loans or other obligations hereunder resulting in such Lender’s receiving payment of a proportion of the

aggregate amount of its Loans and accrued interest thereon or other such obligations (other than pursuant

to Section 4.9, 4.10, 4.11, or 11.3) greater than its pro rata share thereof as provided herein, then the

Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and

(b) purchase (for cash at face value) participations in the Loans and such other obligations of the other

Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments

shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and

accrued interest on their respective Loans and other amounts owing them; provided that:

(i)if any such participations are purchased and all or any portion of the payment

giving rise thereto is recovered, such participations shall be rescinded and the purchase price

restored to the extent of such recovery, without interest, and

(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

or a Disqualified Institution), (B) the application of Cash Collateral provided for in Section 3.12

or Section 4.14, or (C) 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 Letters of Credit to any assignee

or participant, other than to the Borrower or any of its Subsidiaries or Affiliates (as to which the

provisions of this paragraph shall apply).

Each Credit Party consents to the foregoing and agrees, to the extent it may effectively do so under

Applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may

exercise against each Credit Party rights of setoff and counterclaim with respect to such participation as

fully as if such Lender were a direct creditor of each Credit Party in the amount of such participation.

SECTION 4.7 Administrative Agent’s Clawback.

(a)Funding by Lenders; Presumption by Administrative Agent. In connection with any

borrowing hereunder, the Administrative Agent may assume that each Lender has made its respective

share of such borrowing available on such date in accordance with Sections 2.2(b) and 3.2 and may, in

reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if

a Lender has not in fact made its share of the applicable borrowing available to the Administrative Agent,

then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith

on demand such corresponding amount with interest thereon, for each day from and including the date

such amount is made available to the Borrower to but excluding the date of payment to the Administrative

Agent, at (A) in the case of a payment to be made by such Lender, the Overnight Rate and (B) in the case

of a payment to be made by the Borrower, the interest rate applicable to Base Rate Loans. If the

Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an

overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such

interest paid by the Borrower for such period. If such Lender pays its share of the applicable borrowing

to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such

borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may

have against a Lender that shall have failed to make such payment to the Administrative Agent.

(b)Payments by the Borrower; Presumptions by Administrative Agent. 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 Lenders

hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the

Borrower has made such payment on such date in accordance herewith and may, in reliance upon such

assumption, distribute to the Lenders or the Issuing Lenders, as the case may be, the amount due. In such

event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing

Lenders, 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 Lender, 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 Overnight Rate.

(c)Nature of Obligations of Lenders. The obligations of the Lenders under this Agreement

to make the Loans, to issue or participate in Letters of Credit, and to make payments under this Section,

Section 4.11(e), Section 10.12, Section 11.3(c), or Section 11.7, as applicable, are several and are not

joint or joint and several. The failure of any Lender to make available its Commitment Percentage of any

Loan requested by the Borrower shall not relieve it or any other Lender of its obligation, if any, hereunder

to make its Commitment Percentage of such Loan available on the borrowing date, but no Lender shall be

responsible for the failure of any other Lender to make its Commitment Percentage of such Loan

available on the borrowing date.

SECTION 4.8 Changed Circumstances.

(a)Circumstances Affecting Benchmark Availability. Subject to clause (c) below, in

connection with any request for a SOFR Loan or a conversion to or continuation thereof or otherwise, if

for any reason (i) the Administrative Agent shall determine (which determination shall be conclusive and

binding absent manifest error) that reasonable and adequate means do not exist for ascertaining Term

SOFR for the applicable Interest Period with respect to a proposed SOFR Loan on or prior to the first day

of such Interest Period or (ii) the Required Lenders shall determine (which determination shall be

conclusive and binding absent manifest error) that Term SOFR does not adequately and fairly reflect the

cost to such Lenders of making or maintaining such Loans during such Interest Period and, in the case of

clause (ii), the Required Lenders have provided notice of such determination to the Administrative Agent,

then, in each case, the Administrative Agent shall promptly give notice thereof to the Borrower. Upon

notice thereof by the Administrative Agent to the Borrower, any obligation of the Lenders to make SOFR

Loans, and any right of the Borrower to convert any Loan to or continue any Loan as a SOFR Loan, shall

be suspended (to the extent of the affected SOFR Loans or the affected Interest Periods) until the

Administrative Agent (with respect to clause (ii), at the instruction of the Required Lenders) revokes such

notice. Upon receipt of such notice, (A) the Borrower may revoke any pending request for a borrowing

of, conversion to, or continuation of SOFR Loans (to the extent of the affected SOFR Loans or the

affected Interest Periods) or, failing that, the Borrower will be deemed to have converted any such request

into a request for a borrowing of or conversion to Base Rate Loans in the amount specified therein and

(B) any outstanding affected SOFR Loans will be deemed to have been converted into Base Rate Loans at

the end of the applicable Interest Period. Upon any such prepayment or conversion, the Borrower shall

also pay accrued interest on the amount so prepaid or converted, together with any additional amounts

required pursuant to Section 4.9.

(b)Laws Affecting SOFR Availability. If, after the date hereof, the introduction of, or any

change in, any Applicable Law or any change in the interpretation or administration thereof by any

Governmental Authority, central bank, or comparable agency charged with the interpretation or

administration thereof, or compliance by any of the Lenders (or any of their respective Lending Offices)

with any request or directive (whether or not having the force of law) of any such Governmental

Authority, central bank, or comparable agency, shall make it unlawful or impossible for any of the

Lenders (or any of their respective Lending Offices) to honor its obligations hereunder to make or

maintain any SOFR Loan, or to determine or charge interest based upon SOFR, the Term SOFR

Reference Rate or Term SOFR, such Lender shall promptly give notice thereof to the Administrative

Agent and the Administrative Agent shall promptly give notice to the Borrower and the other Lenders (an

“Illegality Notice”). Thereafter, until each affected Lender notifies the Administrative Agent and the

Administrative Agent notifies the Borrower that the circumstances giving rise to such determination no

longer exist, (i) any obligation of the Lenders to make SOFR Loans, and any right of the Borrower to

convert any Loan to a SOFR Loan or continue any Loan as a SOFR Loan, shall be suspended and (ii) if

necessary to avoid such illegality, the Administrative Agent shall compute the Base Rate without

reference to clause (c) of the definition of “Base Rate”. Upon receipt of an Illegality Notice, the

Borrower shall, if necessary to avoid such illegality, upon demand from any Lender (with a copy to the

Administrative Agent), prepay or, if applicable, convert all SOFR Loans to Base Rate Loans (in each

case, if necessary to avoid such illegality, the Administrative Agent shall compute the Base Rate without

reference to clause (c) of the definition of “Base Rate”), on the last day of the Interest Period therefor, if

all affected Lenders may lawfully continue to maintain such SOFR Loans to such day, or immediately, if

any Lender may not lawfully continue to maintain such SOFR Loans to such day. Upon any such

prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or

converted, together with any additional amounts required pursuant to Section 4.9.

(c)Benchmark Replacement Setting.

(i)Benchmark Replacement. Notwithstanding anything to the contrary herein or in

any other Loan Document, upon the occurrence of a Benchmark Transition Event, the

Administrative Agent and the Borrower may amend this Agreement to replace the then-current

Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark

Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the

Administrative Agent has posted such proposed amendment to all affected Lenders and the

Borrower so long as the Administrative Agent has not received, by such time, written notice of

objection to such amendment from Lenders comprising the Required Lenders. No replacement of

a Benchmark with a Benchmark Replacement pursuant to this Section 4.8(c)(i) will occur prior to

the applicable Benchmark Transition Start Date.

(ii)Benchmark Replacement Conforming Changes. In connection with the use,

administration, adoption, or implementation of a Benchmark Replacement, the Administrative

Agent will have the right to make Conforming Changes from time to time and, notwithstanding

anything to the contrary herein or in any other Loan Document, any amendments implementing

such Conforming Changes will become effective without any further action or consent of any

other party to this Agreement or any other Loan Document.

(iii)Notices; Standards for Decisions and Determinations. The Administrative Agent

will promptly notify the Borrower and the Lenders of (A) the implementation of any Benchmark

Replacement and (B) the effectiveness of any Conforming Changes in connection with the use,

administration, adoption or implementation of a Benchmark Replacement. The Administrative

Agent will promptly notify the Borrower of the removal or reinstatement of any tenor of a

Benchmark pursuant to Section 4.8(c)(iv). Any determination, decision or election that may be

made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to

this Section 4.8(c), including any determination with respect to a tenor, rate, or adjustment or of

the occurrence or non-occurrence of an event, circumstance, or date and any decision to take or

refrain from taking any action or any selection, will be conclusive and binding absent manifest

error and may be made in its or their sole discretion and without consent from any other party to

this Agreement or any other Loan Document, except, in each case, as expressly required pursuant

to this Section 4.8(c).

(iv)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), (A) if the then-current Benchmark is a term rate

(including the Term SOFR Reference Rate) and either (1) 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 (2) 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 not or will not be representative,

then the Administrative Agent may modify the definition of “Interest Period” (or any similar or

analogous definition) for any Benchmark settings at or after such time to remove such unavailable

or non-representative tenor and (B) if a tenor that was removed pursuant to clause (A) above

either (1) is subsequently displayed on a screen or information service for a Benchmark

(including a Benchmark Replacement) or (2) is not, or is no longer, subject to an announcement

that it is not or will not be representative for a Benchmark (including a Benchmark Replacement),

then the Administrative Agent may modify the definition of “Interest Period” (or any similar or

analogous definition) for all Benchmark settings at or after such time to reinstate such previously

removed tenor.

(v)Benchmark Unavailability Period. Upon the Borrower’s receipt of notice of the

commencement of a Benchmark Unavailability Period, (A) the Borrower may revoke any

pending request for a borrowing of, conversion to, or continuation of SOFR 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 Base Rate Loans and (B) any outstanding affected SOFR Loans will be deemed to

have been converted to Base Rate Loans at the end of the applicable Interest Period. During any

Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not

an Available Tenor, the component of the Base Rate based upon the then-current Benchmark or

such tenor for such Benchmark, as applicable, will not be used in any determination of the Base

Rate.

SECTION 4.9 Indemnity. The Borrower hereby indemnifies each of the Lenders against

any actual loss, cost, or expense (including any actual loss, cost, or expense arising from the

liquidation or reemployment of funds or from any fees payable) which may arise, be attributable to,

or result due to or as a consequence of (a) any failure by the Borrower to make any payment when

due of any amount due hereunder in connection with a SOFR Loan, (b) any failure of the

Borrower to borrow or continue a SOFR Loan or convert to a SOFR Loan on a date specified

therefor in a Notice of Borrowing or Notice of Conversion/Continuation, (c) any failure of the

Borrower to prepay any SOFR Loan on a date specified therefor in any Notice of Prepayment

(regardless of whether any such Notice of Prepayment may be revoked under Section 2.3(c) and is

revoked in accordance therewith), (d) any payment, prepayment, or conversion of any SOFR Loan

on a date other than the last day of the Interest Period therefor (including as a result of an Event of

Default), or (e) the assignment of any SOFR 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 4.12(b). A

certificate of such Lender setting forth the basis for determining such amount or amounts necessary

to compensate such Lender shall be forwarded to the Borrower through the Administrative Agent

and shall be conclusively presumed to be correct save for manifest error. All of the obligations of

the Credit Parties under this Section 4.9 shall survive the resignation or replacement of the

Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the

termination of the Commitments and the repayment, satisfaction, or discharge of all obligations

under any Loan Document.

SECTION 4.10 Increased Costs.

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

(i)impose, modify, or deem applicable any reserve (including pursuant to

regulations issued from time to time by the FRB for determining the maximum reserve

requirement (including any emergency, special, supplemental, or other marginal reserve

requirement) with respect to eurocurrency funding (currently referred to as “Eurocurrency

liabilities” in Regulation D of the FRB, as amended and in effect from time to time)), special

deposit, compulsory loan, insurance charge, or similar requirement against assets of, deposits

with or for the account of, or advances, loans, or other credit extended or participated in by, any

Lender or any Issuing Lender;

(ii)subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes

described in clauses (b) through (d) of the definition of Excluded Taxes, and (C) Connection

Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or

its deposits, reserves, other liabilities, or capital attributable thereto; or

(iii)impose on any Lender or any Issuing Lender any other condition, cost, or

expense (other than Taxes) affecting this Agreement or 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, such Issuing Lender, or

such other Recipient of making, converting to, continuing, or maintaining any Loan (or of maintaining its

obligation to make any such Loan), or to increase the cost to such Lender, such Issuing Lender, or such

other Recipient of participating in, issuing, or maintaining any Letter of Credit (or of maintaining its

obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received

or receivable by such Lender, such Issuing Lender, or such other Recipient hereunder (whether of

principal, interest, or any other amount) then, upon written request of such Lender, such Issuing Lender,

or other Recipient, the Borrower shall promptly pay to any such Lender, such Issuing Lender, or other

Recipient, as the case may be, such additional amount or amounts as will compensate such Lender, such

Issuing Lender, or other Recipient, as the case may be, for such additional costs incurred or reduction

suffered.

(b)Capital Requirements. If any Lender or any Issuing Lender determines that any Change

in Law affecting such Lender or such Issuing Lender or any Lending Office of such Lender or such

Lender’s or such Issuing Lender’s holding company, if any, regarding capital or liquidity requirements,

has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Lender’s

capital or on the capital of such Lender’s or such Issuing Lender’s holding company, if any, as a

consequence of this Agreement, the Commitment of such Lender or the Loans made by, or participations

in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Lender, to a level

below that which such Lender or such Issuing Lender or such Lender’s or such Issuing Lender’s holding

company could have achieved but for such Change in Law (taking into consideration such Lender’s or

such Issuing Lender’s policies and the policies of such Lender’s or such Issuing Lender’s holding

company with respect to capital adequacy and liquidity), then from time to time upon written request of

such Lender or such Issuing Lender the Borrower shall promptly pay to such Lender or such Issuing

Lender, as the case may be, such additional amount or amounts as will compensate such Lender or such

Issuing Lender or such Lender’s or such Issuing Lender’s holding company for any such reduction

suffered.

(c)Certificates for Reimbursement. A certificate of a Lender, an Issuing Lender, or such

other Recipient setting forth the amount or amounts necessary to compensate such Lender, such Issuing

Lender, such other Recipient, or any of their respective holding companies, as the case may be (and

setting forth in reasonable detail the basis and calculation of such amounts), as specified in clause (a) or

(b) of this Section and delivered to the Borrower, shall be conclusive absent manifest error. The

Borrower shall pay such Lender, such Issuing Lender, or such other Recipient, as the case may be, the

amount shown as due on any such certificate within ten (10) days after receipt thereof.

(d)Delay in Requests. Failure or delay on the part of any Lender or any Issuing Lender or

such other Recipient to demand compensation pursuant to this Section shall not constitute a waiver of

such Lender’s or such Issuing Lender’s or such other Recipient’s right to demand such compensation;

provided that the Borrower shall not be required to compensate any Lender or an Issuing Lender or any

other Recipient pursuant to this Section for any increased costs incurred or reductions suffered more than

nine (9) months prior to the date that such Lender or such Issuing Lender or such other Recipient, as the

case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions,

and of such Lender’s or such Issuing Lender’s or such other Recipient’s intention to claim compensation

therefor (except that if the Change in Law giving rise to such increased costs or reductions is retroactive,

then the nine-month period referred to above shall be extended to include the period of retroactive effect

thereof).

(e)Survival. All of the obligations of the Credit Parties under this Section 4.10 shall survive

the resignation or replacement of the Administrative Agent or any assignment of rights by, or the

replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction, or

discharge of all obligations under any Loan Document.

SECTION 4.11 Taxes.

(a)Defined Terms. For purposes of this Section 4.11, the term “Lender” includes any

Issuing Lender and the term “Applicable Law” includes FATCA.

(b)Payments Free of Taxes. Any and all payments by or on account of any obligation of any

Credit Party under any Loan Document shall be made without deduction or withholding for any Taxes,

except as required by Applicable Law. If any Applicable Law (as determined in the good faith discretion

of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such

payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such

deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant

Governmental Authority in accordance with Applicable Law and, if such Tax is an Indemnified Tax, then

the sum payable by the applicable Credit Party shall be increased as necessary so that, after such

deduction or withholding has been made (including such deductions and withholdings applicable to

additional sums payable under this Section), the applicable Recipient receives an amount equal to the sum

it would have received had no such deduction or withholding been made.

(c)Payment of Other Taxes by the Credit Parties. The Credit Parties shall timely pay to the

relevant Governmental Authority in accordance with Applicable Law, or at the option of the

Administrative Agent timely reimburse it for the payment of, any Other Taxes.

(d)Indemnification by the Credit Parties. The Credit Parties shall jointly and severally

indemnify each Recipient, within thirty (30) days after written demand therefor, for the full amount of any

Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts

payable under this Section) payable or paid by such Recipient or required to be withheld or deducted from

a payment to such Recipient and any reasonable and documented out-of-pocket expenses arising

therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally

imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such

payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or

by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent

manifest error. For the avoidance of doubt, no such indemnity payment shall be required to the extent

such indemnity payment would be duplicative of any additional amounts or indemnity paid by the Credit

Parties to or for the account of the applicable Recipient pursuant to Section 4.11(b) or otherwise. Failure

or delay on the part of any Recipient to demand payment pursuant to this Section shall not constitute a

waiver of such Person’s right to demand such payment; provided that no Recipient shall be indemnified

for any Indemnified Taxes the demand for which is made to the Borrower later than six (6) months after

the later of (i) the date on which the relevant Governmental Authority makes written demand upon such

Recipient for payment of such Indemnified Taxes and (ii) the date on which such Recipient has made

payment of such Indemnified Taxes.

(e)Indemnification by the Lenders. Each Lender shall severally indemnify the

Administrative Agent, within ten (10) days after demand therefor, for (i) any Indemnified Taxes

attributable to such Lender (but only to the extent that any Credit Party has not already indemnified the

Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Credit Parties

to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of

Section 11.9(d) relating to the maintenance of a Participant Register, and (iii) any Excluded Taxes

attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in

connection with any Loan Document, and any reasonable expenses arising therefrom or with respect

thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant

Governmental Authority. A certificate as to the amount of such payment or liability delivered to any

Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby

authorizes the Administrative Agent to setoff and apply any and all amounts at any time owing to such

Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from

any other source against any amount due to the Administrative Agent under this clause (e).

(f)Evidence of Payments. As soon as practicable after any payment of Taxes by any Credit

Party to a Governmental Authority pursuant to this Section 4.11, such Credit Party 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.

(g)Status of Lenders.

(i)Any Lender that is entitled to an exemption from or reduction of withholding Tax

with respect to payments made under any Loan Document shall deliver to the Borrower and the

Administrative Agent, at the time or times reasonably requested by the Borrower or the

Administrative Agent, such properly completed and executed documentation reasonably

requested by the Borrower or the Administrative Agent as will permit such payments to be made

without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably

requested by the Borrower or the Administrative Agent, shall deliver such other documentation

prescribed by Applicable Law or reasonably requested by the Borrower or the Administrative

Agent as will enable the Borrower or the Administrative Agent to determine whether or not such

Lender is subject to backup withholding or information reporting requirements. Notwithstanding

anything to the contrary in the preceding two sentences, the completion, execution and

submission of such documentation (other than such documentation set forth in

Section 4.11(g)(ii)(A), (ii)(B), and (ii)(D) below) shall not be required if in the Lender’s

reasonable judgment such completion, execution, or submission would subject such Lender to

any material unreimbursed cost or expense or would materially prejudice the legal or commercial

position of such Lender.

(ii)Without limiting the generality of the foregoing:

(A)any Lender that is a U.S. Person shall deliver to the Borrower and the

Administrative Agent on or prior to the date on which such Lender becomes a Lender

under this Agreement (and from time to time thereafter upon the reasonable request of the

Borrower or the Administrative Agent), valid executed copies of IRS Form W-9 (or any

successor form) certifying that such Lender is exempt from United States federal backup

withholding tax;

(B)any Foreign Lender shall, to the extent it is legally entitled to do so,

deliver to the Borrower and the Administrative Agent (in such number of copies as shall

be requested by the recipient) on or prior to the date on which such Foreign Lender

becomes a Lender under this Agreement (and from time to time thereafter upon the

reasonable request of the Borrower or the Administrative Agent), whichever of the

following is applicable:

(1)in the case of a Foreign Lender claiming the benefits of an

income tax treaty to which the United States is a party (x) with respect to

payments of interest under any Loan Document, valid executed copies of IRS

Form W-8BEN or W-8BEN-E (or any successor form) establishing an exemption

from, or reduction of, United States 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, valid executed copies of IRS Form

W-8BEN or W-8BEN-E (or any successor form) establishing an exemption from,

or reduction of, United States federal withholding Tax pursuant to the “business

profits” or “other income” article of such tax treaty;

(2)valid executed copies of IRS Form W-8ECI (or any successor

form);

(3)in the case of a Foreign Lender claiming the benefits of the

exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate

substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is

not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10

percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B)

of the Code, or a “controlled foreign corporation” described in

Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y)

valid executed copies of IRS Form W-8BEN or W-8BEN-E (or any successor

form); or

(4)to the extent a Foreign Lender is not the beneficial owner, valid

executed copies of IRS Form W-8IMY (or any successor form), accompanied by

IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E (or any

successor forms), a U.S. Tax Compliance Certificate substantially in the form of

Exhibit H-2 or Exhibit H-3, IRS Form W-9 (or any successor form), and/or other

certification documents from each beneficial owner, as applicable; provided that

if the Foreign Lender is a partnership and one or more direct or indirect partners

of such Foreign Lender are claiming the portfolio interest exemption, such

Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in

the form of Exhibit H-4 on behalf of each such direct and indirect partner;

(C)any Foreign Lender shall, to the extent it is legally entitled to do so,

deliver to the Borrower and the Administrative Agent (in such number of copies as shall

be requested by the recipient) on or prior to the date on which such Foreign Lender

becomes a Lender under this Agreement (and from time to time thereafter upon the

reasonable request of the Borrower or the Administrative Agent), valid executed copies

of any other form prescribed by Applicable Law as a basis for claiming exemption from

or a reduction in United States federal withholding Tax, duly completed, together with

such supplementary documentation as may be prescribed by Applicable Law to permit

the Borrower or the Administrative Agent to determine the withholding or deduction

required to be made; and

(D)if a payment made to a Lender under any Loan Document would be

subject to United States 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 that such Lender has complied with such Lender’s obligations

under FATCA or to determine the amount to deduct and withhold from such payment.

Solely for purposes of this clause (D), “FATCA” shall include any amendments made to

FATCA after the date of this Agreement.

(iii)On or before the date that JPMorgan or any successor or replacement

Administrative Agent becomes the Administrative Agent hereunder, JPMorgan or such

Administrative Agent, as applicable, shall deliver to the Borrower valid executed copies of either

(i) IRS Form W-9 (or any successor form) certifying that it is exempt from United States federal

backup withholding tax or (ii) a valid executed copy of IRS Form W-8IMY (or any successor

form) evidencing its agreement with the Borrower to be treated as a U.S. Person (with respect to

amounts received on account of any Lender) and a valid executed copy of IRS Form W-8ECI (or

any successor form) (with respect to amounts received on its own account), with the effect that, in

any case, the Borrower will be entitled to make payments hereunder to the Administrative Agent

without withholding or deduction on account of United States federal withholding Tax.

Each Recipient agrees that if any form or certification it previously delivered expires or becomes obsolete

or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and

the Administrative Agent in writing of its legal inability to do so.

(h)Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in

good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this

Section 4.11 (including by the payment of additional amounts pursuant to this Section 4.11), it shall pay

to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments

made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket

expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by

the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the

request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to

this clause (h) (plus any penalties, interest, or other charges imposed by the relevant Governmental

Authority) in the event that such indemnified party is required to repay such refund to such Governmental

Authority. Notwithstanding anything to the contrary in this clause (h), in no event will the indemnified

party be required to pay any amount to an indemnifying party pursuant to this clause (h) the payment of

which would place the indemnified party in a less favorable net after-Tax position than the indemnified

party would have been in if the Tax subject to indemnification and giving rise to such refund had not been

deducted, withheld, or otherwise imposed and the indemnification payments or additional amounts with

respect to such Tax had never been paid. This paragraph shall not be construed to require any

indemnified party to make available its Tax returns (or any other information relating to its Taxes that it

deems confidential) to the indemnifying party or any other Person.

(i)Survival. Each party’s obligations under this Section 4.11 shall survive the resignation or

replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender,

the termination of the Commitments and the repayment, satisfaction, or discharge of all obligations under

any Loan Document.

(j)FATCA Grandfathering. For purposes of determining withholding Taxes imposed under

FATCA, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the

Borrower and the Administrative Agent to treat) this Agreement and any Loan as not qualifying as a

“grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

SECTION 4.12Mitigation Obligations; Replacement of Lenders.

(a)Designation of a Different Lending Office. If any Lender requests compensation under

Section 4.10, or the Borrower is required to pay any Indemnified Taxes or additional amounts to any

Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.11, 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 to assign its rights and obligations hereunder to another of

its offices, branches, or Affiliates, if, in the judgment of such Lender, such designation or assignment

(i) would eliminate or reduce amounts payable pursuant to Section 4.10 or Section 4.11, as the case may

be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would

not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable and

documented out-of-pocket costs and expenses incurred by any Lender in connection with any such

designation or assignment.

(b)Replacement of Lenders. If any Lender requests compensation under Section 4.10, or if

the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any

Governmental Authority for the account of any Lender pursuant to Section 4.11, and, in each case, such

Lender has declined or is unable to designate a different Lending Office in accordance with

Section 4.12(a) to avoid the payment by the Borrower of such compensation, Indemnified Taxes, or

additional amounts, or if any Lender is a Defaulting Lender or a Non-Consenting 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, and consents required by, Section 11.9), all of its interests, rights (other than its

existing rights to payments pursuant to Section 4.10 or Section 4.11) and obligations under this

Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations

(which assignee may be another Lender, if a Lender accepts such assignment); provided that:

(i)the Borrower shall have paid to the Administrative Agent the assignment fee (if

any) specified in Section 11.9;

(ii)such Lender shall have received payment of an amount equal to the outstanding

principal of its Loans and funded participations in Letters of Credit, accrued interest thereon,

accrued fees, and all other amounts payable to it hereunder and under the other Loan Documents

(including any amounts under Section 4.9) 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);

(iii)in the case of any such assignment resulting from a claim for compensation under

Section 4.10 or payments required to be made pursuant to Section 4.11, such assignment will

result in a reduction in such compensation or payments thereafter;

(iv)such assignment does not conflict with Applicable Law; and

(v)in the case of any assignment resulting from a Lender becoming a Non-

Consenting Lender, the applicable assignee shall have consented to the applicable amendment,

waiver, or consent.

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a

waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment

and delegation cease to apply.

Each party hereto agrees that (x) an assignment required pursuant to this Section 4.12 may be effected

pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent, and the

assignee and (y) the Lender required to make such assignment need not be a party thereto in order for

such assignment to be effective and shall be deemed to have consented to and be bound by the terms

thereof; provided that, following the effectiveness of any such assignment, the other parties to such

assignment agree to execute and deliver such documents necessary to evidence such assignment as

reasonably requested by the applicable Lender or the Administrative Agent; provided, further, that any

such documents shall be without recourse to or warranty by the parties thereto.

(c)Selection of Lending Office. Subject to Section 4.12(a), each Lender may make any Loan

to the Borrower through any Lending Office; provided that the exercise of this option shall not affect the

obligations of the Borrower to repay the Loan in accordance with the terms of this Agreement or

otherwise alter the rights of the parties hereto.

SECTION 4.13 Incremental Increases.

(a)Request for Incremental Increase. At any time after the Closing Date, upon written

notice to the Administrative Agent, the Borrower may, from time to time, request one or more increases

in the Commitments (each, an “Incremental Increase”); provided that (A) the aggregate initial principal

amount of such requested Incremental Increase shall not exceed the Incremental Facilities Limit, (B) any

such Incremental Increase shall be in a minimum amount of $5,000,000 (or such lesser amount as agreed

to by the Administrative Agent) or, if less, the remaining amount of the Incremental Facilities Limit, (C)

no Lender will be required otherwise obligated to provide any portion of such Incremental Increase, and

(D) no more than five (5) Incremental Increases shall be permitted to be requested during the term of this

Agreement.

(b)Incremental Lenders. Each notice from the Borrower pursuant to this Section 4.13 shall

set forth the requested amount and proposed terms of the relevant Incremental Increase. Incremental

Increases may be provided by any existing Lender or by any other Persons (each such Lender or other

Person, an “Incremental Lender”); provided that the Administrative Agent and each Issuing Lender shall

have consented (not to be unreasonably withheld or delayed) to such Incremental Lender’s providing such

Incremental Increases to the extent any such consent would be required under Section 11.9(b) for an

assignment of Loans or Commitments, as applicable, to such Incremental Lender. At the time of sending

such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period

within which each proposed Incremental Lender is requested to respond, which shall in no event be less

than ten (10) Business Days from the date of delivery of such notice to the proposed Incremental Lenders

(or such shorter period as agreed to by the Administrative Agent). Each proposed Incremental Lender

may elect or decline, in its sole discretion, and shall notify the Administrative Agent within such time

period whether it agrees, to provide an Incremental Increase and, if so, whether by an amount equal to,

greater than, or less than requested. Any Person not responding within such time period shall be deemed

to have declined to provide an Incremental Increase.

(c)Increase Effective Date and Allocations. The Administrative Agent and the Borrower

shall determine the effective date (the “Increase Effective Date”) and the final allocation of such

Incremental Increase (limited in the case of the Incremental Lenders to their own respective allocations

thereof). The Administrative Agent shall promptly notify the Borrower and the Incremental Lenders of

the final allocation of such Incremental Increases and the Increase Effective Date.

(d)Terms of Incremental Increases. The terms of each Incremental Increase (which shall be

set forth in the relevant Incremental Amendment) shall be determined by the Borrower and the applicable

Incremental Lenders; provided that:

(i)each such Incremental Increase shall have the same terms, including maturity,

Applicable Margin, and Commitment Fees, as the Credit Facility; provided that (x) any upfront

fees payable by the Borrower to the Lenders under any Incremental Increases may differ from

those payable under the then existing Commitments and (y) the Applicable Margins,

Commitment Fees, or interest rate floor applicable to any Incremental Increase may be higher

than the Applicable Margins, Commitment Fees, or interest rate floor applicable to the Credit

Facility if the Applicable Margins, Commitment Fees, or interest rate floor applicable to the

Credit Facility are increased to equal the Applicable Margins, Commitment Fees, and interest rate

floor applicable to such Incremental Increase; and

(ii)the outstanding Loans and Commitment Percentages of L/C Obligations will be

reallocated by the Administrative Agent on the applicable Increase Effective Date among the

Lenders (including the Incremental Lenders providing such Incremental Increase) in accordance

with their revised Commitment Percentages (and the Lenders (including the Incremental Lenders

providing such Incremental Increase) and the Borrower agree to make all payments and

adjustments necessary to effect such reallocation and the Borrower shall pay any and all costs

required pursuant to Section 4.9 in connection with such reallocation as if such reallocation were

a repayment); and

(iii)each Incremental Increase shall constitute Obligations of the Borrower and will

be guaranteed by the Guarantors and secured on a pari passu basis with the other Secured

Obligations.

(e)Conditions to Effectiveness of Incremental Increases. Any Incremental Increase shall

become effective as of such Increase Effective Date and shall be subject to the following conditions

precedent, which, in the case of an Incremental Increase incurred solely to finance a substantially

concurrent Acquisition that is a Limited Condition Transaction, shall be subject to Section 1.10:

(i)no Default or Event of Default shall exist on such Increase Effective Date

immediately prior to or after giving effect to (A) such Incremental Increase or (B) the making of

the Extensions of Credit pursuant thereto to be made on the Increase Effective Date (if any);

(ii)all of the representations and warranties set forth in Article VI shall be true and

correct in all material respects (or if qualified by materiality or Material Adverse Effect, in all

respects) as of such Increase Effective Date, or if such representation speaks as of an earlier date,

as of such earlier date;

(iii)the Administrative Agent shall have received from the Borrower, a Compliance

Certificate demonstrating that the Borrower is in compliance with the financial covenants set

forth in Section 8.12 based on the financial statements for the most recently completed Reference

Period, both immediately before and immediately after giving effect on a pro forma basis to the

incurrence of any such Incremental Increase (after taking into account any Loans to be funded on

such Increase Effective Date);

(iv)the Credit Parties shall have executed an Incremental Amendment in form and

substance reasonably acceptable to the Borrower, the Administrative Agent, and the applicable

Incremental Lenders; and

(v)the Administrative Agent shall have received from the Borrower, any customary

legal opinions and other documents (including a resolution duly adopted by the board of directors

(or equivalent governing body) of each Credit Party authorizing such Incremental Increase), lien

search results, incumbency certificates, and certificates of good standing, in each case reasonably

requested by Administrative Agent in connection with such Incremental Increase.

(f)Incremental Amendments. Each such Incremental Increase shall be effected pursuant to

an amendment (an “Incremental Amendment”) to this Agreement and, as appropriate, the other Loan

Documents, executed by the Credit Parties, the Administrative Agent, and the applicable Incremental

Lenders, which Incremental 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, to effect the provisions of this Section 4.13.

(g)Use of Proceeds. The proceeds of any Incremental Increase may be used by the

Borrower and its Subsidiaries for any use not prohibited by this Agreement.

SECTION 4.14 Cash Collateral. At any time that there shall exist a Defaulting Lender, within

one (1) Business Day following the written request of the Administrative Agent or any Issuing Lender

(with a copy to the Administrative Agent), the Borrower shall Cash Collateralize the Fronting Exposure

of such Issuing Lender with respect to such Defaulting Lender (determined after giving effect to

Section 4.15(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less

than the Minimum Collateral Amount.

(a)Grant of Security Interest. The Borrower, and to the extent provided by any Defaulting

Lender, such Defaulting Lender, hereby grants to the Administrative Agent, for the benefit of each

Issuing Lender, and agrees to maintain, a first priority security interest in all such Cash Collateral as

security for the Defaulting Lender’s obligation to fund participations in respect of L/C Obligations, to be

applied pursuant to clause (b) below. If at any time the Administrative Agent determines that Cash

Collateral is subject to any right or claim of any Person other than the Administrative Agent and each

Issuing Lender as herein provided (other than Section 7.2(d) solely with respect to statutory banker’s

Liens), or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the

Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative

Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect

to any Cash Collateral provided by the Defaulting Lender).

(b)Application. Notwithstanding anything to the contrary contained in this Agreement or

any other Loan Document, Cash Collateral provided under this Section 4.14 or Section 4.15 in respect of

Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund

participations in respect of L/C Obligations (including, as to Cash Collateral provided by a Defaulting

Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to

any other application of such property as may otherwise be provided for herein.

(c)Termination of Requirement. Cash Collateral (or the appropriate portion thereof)

provided to reduce the Fronting Exposure of any Issuing Lender shall no longer be required to be held as

Cash Collateral pursuant to this Section 4.14 following (i) the elimination of the applicable Fronting

Exposure (including by the termination of Defaulting Lender status of the applicable Lender) or (ii) the

determination by the Administrative Agent and the Issuing Lenders that there exists excess Cash

Collateral; provided that, subject to Section 4.15, the Person providing Cash Collateral and the Issuing

Lenders may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or

other obligations; and provided, further, that to the extent that such Cash Collateral was provided by the

Borrower, such Cash Collateral shall remain subject to the security interest granted pursuant to the Loan

Documents.

SECTION 4.15 Defaulting Lenders.

(a)Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in

this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no

longer a Defaulting Lender, to the extent permitted by Applicable Law:

(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 the definition of “Required Lenders” and Section 11.2.

(ii)Defaulting Lender Waterfall. Any payment of principal, interest, fees, or other

amounts received by the Administrative Agent for the account of such Defaulting Lender

(whether voluntary or mandatory, at maturity, pursuant to Article IX or otherwise) or received by

the Administrative Agent from a Defaulting Lender pursuant to Section 11.4 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 such Defaulting Lender to the Administrative Agent

hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting

Lender to the Issuing Lenders hereunder; third, to Cash Collateralize the Fronting Exposure of

the Issuing Lenders with respect to such Defaulting Lender in accordance with Section 4.14;

fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the

funding of any Loan or funded participation in respect of which such Defaulting Lender has

failed to fund its portion thereof as required by this Agreement, as determined by the

Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be

held in a deposit account and released pro rata in order to (A) satisfy such Defaulting Lender’s

potential future funding obligations with respect to Loans and funded participations under this

Agreement and (B) Cash Collateralize the Issuing Lenders’ future Fronting Exposure with respect

to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in

accordance with Section 4.14; sixth, to the payment of any amounts owing to the Lenders or the

Issuing Lenders as a result of any judgment of a court of competent jurisdiction obtained by any

Lender or any Issuing Lender against such Defaulting Lender as a result of such Defaulting

Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event

of Default exists, to the payment of any amounts owing to the Borrower as a result of any

judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting

Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement;

and eighth, to such Defaulting Lender or as otherwise directed by a court of competent

jurisdiction; provided that if (1) such payment is a payment of the principal amount of any Loans

or funded participations in Letters of Credit in respect of which such Defaulting Lender has not

fully funded its appropriate share, and (2) such Loans were made or the related Letters of Credit

were issued at a time when the conditions set forth in Section 5.2 were satisfied or waived, such

payment shall be applied solely to pay the Loans of, and funded participations in Letters of Credit

owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of

any Loans of, or funded participations in Letters of Credit owed to, such Defaulting Lender until

such time as all Loans and funded and unfunded participations in L/C Obligations are held by the

Lenders pro rata in accordance with the Commitments under the applicable Revolving Credit

Facility without giving effect to Section 4.15(a)(iv). Any payments, prepayments, or other

amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed

by a Defaulting Lender or to post Cash Collateral pursuant to this Section 4.15(a)(ii) shall be

deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents

hereto.

(iii)Certain Fees.

(A)No Defaulting Lender shall be entitled to receive any Commitment Fee

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).

(B)Each Defaulting Lender shall be entitled to receive Letter of Credit

commissions pursuant to Section 3.3 for any period during which that Lender is a

Defaulting Lender only to the extent allocable to its Commitment Percentage of the stated

amount of Letters of Credit for which it has provided Cash Collateral pursuant to

Section 4.14.

(C)With respect to any Letter of Credit commission not required to be paid

to any Defaulting Lender pursuant to clause (A) or (B) above, the Borrower shall (1) pay

to each Non-Defaulting Lender that portion of any such commission otherwise payable to

such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C

Obligations that has been reallocated to such Non-Defaulting Lender pursuant to clause

(iv) below, (2) pay to each applicable Issuing Lender the amount of any such commission

otherwise payable to such Defaulting Lender to the extent allocable to such Issuing

Lender’s Fronting Exposure to such Defaulting Lender, and (3) not be required to pay the

remaining amount of any such commission.

(iv)Reallocation of Participations to Reduce Fronting Exposure. All or any part of

such Defaulting Lender’s participation in L/C Obligations shall be reallocated among the Non-

Defaulting Lenders in accordance with their respective Commitment Percentages (calculated

without regard to such Defaulting Lender’s Commitment) but only to the extent that such

reallocation does not cause the aggregate Total Credit Exposure of any Non-Defaulting Lender to

exceed such Non-Defaulting Lender’s Commitment. Subject to Section 11.22, no reallocation

hereunder shall constitute a waiver or release of any claim of any party hereunder against a

Defaulting Lender arising from that Lender having become a Defaulting Lender, including any

claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased

exposure following such reallocation.

(v)Cash Collateral. 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 Applicable Law, Cash Collateralize the Issuing Lenders’ Fronting

Exposure in accordance with the procedures set forth in Section 4.14.

(b)Defaulting Lender Cure. If the Borrower, the Administrative Agent, and the Issuing

Lenders agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so

notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any

conditions set forth therein (which may include arrangements with respect to any Cash Collateral), such

Lender will, to the extent applicable, purchase at par 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 pro rata by the Lenders

in accordance with the Commitments under the Credit Facility (without giving effect to

Section 4.15(a)(iv)), whereupon such 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 Non-

Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that

Lender’s having been a Defaulting Lender.

SECTION 4.16 [Reserved].

SECTION 4.17 Non-Extending Lenders and Present Maturity Date Payments/Reallocations.

(a) If the Scheduled Maturity Date of any Lender as shown in Schedule 1.1(a) is prior to the

Scheduled Maturity Date of any other Lender (each such Lender with an earlier Scheduled Maturity Date,

a “Non-Extended Lender” and each Lender that is not a Non-Extended Lender, an “Extended Lender” and

such earlier Scheduled Maturity Date of any Non-Extended Lender, a “Present Maturity Date”), then on

such Non-Extended Lender’s Present Maturity Date, the Borrower shall pay or prepay all outstanding

Loans, interest thereon and all other amounts due to each Non-Extended Lender on such Lender’s Present

Maturity Date, and, if after giving effect thereto, the Revolving Credit Outstandings exceed the

Commitments of the Extended Lenders the Borrower shall prepay the outstanding Loans in the amount of

such excess, together with all accrued and unpaid interest thereon and any additional amounts required

pursuant to Section 4.9 (or if no Loans are then outstanding, Cash Collateralize the L/C Obligations to the

extent such L/C Obligations exceed the Commitments of the Extended Lenders, which Cash Collateral

shall be released to the Borrower thereafter to the extent such L/C Obligations are decreased in amount).

(b)On the Present Maturity Date (i) all outstanding Loans and L/C Obligations will be

reallocated by the Administrative Agent among the Extended Lenders in accordance with their revised

Commitment Percentages (and the Extended Lenders and the Borrower agree to make all payments and

adjustments necessary to effect such reallocation and the Borrower shall pay any and all costs required

pursuant to Section 4.9 in connection with such reallocation as if such reallocation were a repayment),

and (ii) each Extended Lender shall automatically be deemed to have purchased participations in each

Letter of Credit and the related L/C Obligations, equal to such Extended Lender’s revised Commitment

Percentage thereof after giving effect to the departure of the applicable Non-Extended Lenders and the

elimination of their Commitments.

(c)Upon or promptly following the occurrence of each Present Maturity Date, the

Administrative Agent shall distribute to the Borrower and each Extended Lender an amended Schedule

1.1(a), which shall be deemed incorporated into this Agreement to reflect the termination of any Non-

Extended Lender’s Commitment on such Present Maturity Date.

ARTICLE V

CONDITIONS OF CLOSING AND BORROWING

SECTION 5.1Conditions to Closing and Initial Extensions of Credit. The effectiveness of this

Agreement and the other Loan Documents, and the obligation of the Lenders to make the initial Loans or

issue or participate in the initial Letters of Credit, if any, are subject to the satisfaction of each of the

following conditions:

(a)Executed Loan Documents. This Agreement with all attached Exhibits and Schedules, a Note in

favor of each Lender requesting a Note, the Security Agreement, and the Guaranty Agreement

shall have been duly authorized, executed, and delivered to the Administrative Agent by the

parties thereto and shall be in full force and effect.

(b)Certificates and Legal Opinions. The Administrative Agent shall have received each of the

following in form and substance reasonably satisfactory to the Administrative Agent:

(i)Officer’s Certificate. A certificate from a Responsible Officer of the

Borrower to the effect that (A) all representations and warranties of the Credit Parties

contained in this Agreement and the other Loan Documents are true, correct, and

complete in all material respects (except to the extent any such representation and

warranty is qualified by materiality or reference to Material Adverse Effect, in which

case, such representation and warranty shall be true, correct and complete in all respects);

(B) after giving effect to the Transactions, no Default or Event of Default has occurred

and is continuing as of the date hereof; (C) since December 31, 2021, no event has

occurred or condition arisen, either individually or in the aggregate, that has had, or could

reasonably be expected to have, a Material Adverse Effect; and (D) each of the

conditions set forth in Section 5.1 and Section 5.2 has been satisfied (with the assumption

that, as to any conditions precedent that are subject to the satisfaction of the

Administrative Agent or the Lenders, the Administrative Agent and such Lenders are so

satisfied).

(ii)Certificate of Secretary of each Credit Party. A certificate of a Secretary

or Assistant Secretary of each Credit Party certifying as to the incumbency and

genuineness of the signature of each officer of such Credit Party executing Loan

Documents to which it is a party and certifying that attached thereto are true, correct, and

complete copies of (A) the articles or certificate of incorporation or formation (or

equivalent), as applicable, of such Credit Party and all amendments and modifications

thereto, certified as of a recent date by the appropriate Governmental Authority in its

jurisdiction of incorporation, organization, or formation (or equivalent), as applicable,

(B) the bylaws or governing documents of such Credit Party as in effect on the Closing

Date, (C) resolutions duly adopted by the board of directors (or other governing body) of

such Credit Party authorizing and approving the transactions contemplated hereunder and

the execution, delivery, and performance of this Agreement and the other Loan

Documents to which it is a party, and (D) Governmental Approvals, if any, required to be

obtained by such Credit Party with respect to the Loan Documents to which such Credit

Party is a party.

(iii)Certificates of Good Standing. Certificates of good standing for each

Credit Party in each state in which each such Person is organized (and as reasonably

requested by the Administrative Agent, in each state in which such Person is qualified to

do business), which certificates shall be dated as of a recent date.

(iv)Opinions of Counsel. Legal opinions from counsels to the Credit Parties

and otherwise in form and substance reasonably acceptable to the Administrative Agent,

which opinions shall permit reliance by the successors and permitted assigns of the

Administrative Agent and the Lenders.

(c)Personal Property Collateral.

(i)Filings and Recordings. The Administrative Agent shall have received

UCC-1 financing statements, in form and substance satisfactory to the Administrative

Agent, naming the Credit Parties as debtors and the Administrative Agent as secured

party.

(ii)Pledged Collateral. Subject to Section 7.12, the Administrative Agent

shall have received (A) original stock certificates or other certificates evidencing the

certificated Equity Interests pledged pursuant to the Security Documents, together with

an undated transfer power for each such certificate duly executed in blank by the

registered owner thereof and (B) subject to any limitations set forth in the Security

Agreement, each original promissory note pledged pursuant to the Security Documents

together with an undated allonge for each such promissory note duly executed in blank by

the holder thereof.

(iii)Lien Search. The Administrative Agent shall have received the results of

a Lien search made against the Credit Parties indicating, among other things, that the

assets of each such Credit Party are free and clear of any Lien (except for Permitted

Liens).

(iv)Property and Liability Insurance. The Administrative Agent shall have

received, in each case in form and substance reasonably satisfactory to the Administrative

Agent, evidence of property and liability insurance covering each Credit Party (with

appropriate endorsements naming the Administrative Agent as lender’s loss payee on all

policies for property insurance and as additional insured on all policies for liability

insurance).

(v)Intellectual Property. The Administrative Agent shall have received

security agreements duly executed by the applicable Credit Parties for all federally

registered copyrights, copyright applications, patents, patent applications, trademarks,

and trademark applications included in the Collateral, in each case in proper form for

filing with the U.S. Patent and Trademark Office or U.S. Copyright Office, as applicable.

(d)Governmental and Third Party Approvals. The Credit Parties shall have received any consents,

licenses, and approvals required to be obtained in accordance with Applicable Law, or under any

document, agreement, instrument, or arrangement to which the Borrower or any of its

Subsidiaries is a party, in connection with each Credit Party’s execution, delivery, and

performance of the Loan Documents to which such Credit Party is a party and all such consents,

licenses, and approvals shall be in full force and effect.

(e)No Injunction, Etc. No action, suit, investigation, or other proceeding (including the enactment

or promulgation of a statute or rule) by or before any arbitrator or any Governmental Authority

shall be pending or, to the knowledge of the Borrower, threatened, and no preliminary or

permanent injunction or order by a court of competent jurisdiction shall have been entered, (i) in

connection with this Agreement, any other Loan Document, or any transaction contemplated

hereby or thereby or (ii) which has had, or could reasonably be expected to have, a Material

Adverse Effect.

(f)Financial Matters.

(i)Financial Statements. The Administrative Agent shall have received the

audited Consolidated balance sheet of the Borrower and its Subsidiaries for the Fiscal

Year ended December 31, 2021 and the related audited statements of income and retained

earnings and cash flows for the Fiscal Year then ended.

(ii)Solvency Certificate. The Borrower shall have delivered to the

Administrative Agent a certificate, in form and substance reasonably satisfactory to the

Administrative Agent, and certified as accurate by a Responsible Financial Officer of the

Borrower, that after giving effect to the Transactions, the Credit Parties, taken as a whole,

are Solvent.

(iii)Payment of Fees. The Borrower shall have paid the fees and expenses

required to be paid as of the Closing Date by Sections 4.3 and 11.3(a) or any other

provision of a Loan Document; provided that, as to legal expenses, to the extent the

Borrower has received an invoice therefor at least two (2) Business Days prior to the

Closing Date.

(g)Miscellaneous.

(i)Representations and Warranties. The representations and warranties

contained in Article VI and the representations and warranties made by any Credit Party

in each other Loan Document shall be true and correct on and as of the Closing Date

before and after giving effect to the initial Extensions of Credit and to the application of

the proceeds from such Extensions of Credit.

(ii)Notice of Account Designation. The Administrative Agent shall have

received a Notice of Account Designation specifying the account or accounts to which

the proceeds of any Loans made on or after the Closing Date are to be disbursed.

(iii)Material Adverse Effect. Since December 31, 2021, there shall not have

occurred any event or circumstance that has had, or that could reasonably be expected to

have, a Material Adverse Effect.

(iv)No Default. No Default shall have occurred and be continuing.

(v)Existing Indebtedness. The Borrower shall have repaid all amounts

owed under the Existing Credit Agreement and delivered to the Administrative Agent an

executed payoff letter evidencing the termination and payoff on the Closing Date of the

Existing Credit Agreement in form and substance reasonably satisfactory to the

Administrative Agent.

(vi)PATRIOT Act, etc.

(A)The Administrative Agent and the Lenders shall have received,

at least five (5) Business Days prior to the Closing Date, all documentation and

other information requested by the Administrative Agent or any Lender or

required by regulatory authorities in order for the Administrative Agent and the

Lenders to comply with requirements of any Anti-Money Laundering Laws,

including the PATRIOT Act and any applicable “know your customer” rules and

regulations.

(B)The Borrower shall have delivered to the Administrative Agent,

and directly to any Lender requesting the same, a Beneficial Ownership

Certification in relation to it (or a certification that the Borrower qualifies for an

express exclusion from the “legal entity customer” definition under the

Beneficial Ownership Regulations), in each case at least five (5) Business Days

prior to the Closing Date.

Without limiting the generality of the provisions of Section 10.3(c) and Section 10.4, for purposes of

determining compliance with the conditions specified in this Section 5.1, the Administrative Agent and

each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted,

or to be satisfied with each document or other matter required thereunder to be consented to or approved

by or acceptable or satisfactory to a Lender, unless the Administrative Agent shall have received notice

from such Lender prior to the proposed Closing Date specifying its objection thereto.

SECTION 5.2Conditions to All Extensions of Credit. Subject to Section 1.10 solely with

respect to any Loans incurred to finance a substantially concurrent Acquisition that is a Limited Condition

Transaction, the obligations of the Lenders to make or participate in any Extensions of Credit (including

the initial Extension of Credit) and/or any Issuing Lender to issue or extend any Letter of Credit are

subject to the satisfaction of the following conditions precedent on the relevant borrowing, issuance, or

extension date:

(a)Continuation of Representations and Warranties. The representations and warranties

contained in this Agreement and the other Loan Documents shall be true and correct in all material

respects, except for any representation and warranty that is qualified by materiality or reference to

Material Adverse Effect, which such representation and warranty shall be true and correct in all respects,

on and as of such borrowing, issuance, or extension date with the same effect as if made on and as of such

date (except for any such representation and warranty that by its terms is made only as of an earlier date,

which representation and warranty shall remain true and correct in all material respects as of such earlier

date, except for any representation and warranty that is qualified by materiality or reference to Material

Adverse Effect, which such representation and warranty shall be true and correct in all respects as of such

earlier date).

(b)No Existing Default. At the time of and immediately after giving effect to the making of

such Loan or such issuance or extension of a Letter of Credit, as applicable, no Default or Event of

Default shall exist.

(c)[Reserved].

(d)Use of Proceeds. If, at the time of or immediately after giving effect to the making of

such Loan, the aggregate Total Credit Exposure is or would be greater than $100,000,000, then the pro

forma Consolidated Cash Balance (after giving effect to the making of such Loan and the intended

application of the proceeds thereof which the Borrower reasonably in good faith expects to use for a

transaction permitted under this Agreement within three (3) Business Days after the receipt of such Loan

proceeds) will not exceed the Consolidated Cash Balance in effect immediately prior to the making of

such Loan.

(e)Notices. The Administrative Agent shall have received a Notice of Borrowing or Letter

of Credit Application, as applicable, from the Borrower in accordance with this Agreement.

(f)New Letters of Credit. So long as any Lender is a Defaulting Lender, the Issuing Lenders

shall not be required to issue, extend, renew, or increase any Letter of Credit, unless the applicable

Issuing Lender is satisfied that it will have no Fronting Exposure after giving effect thereto.

Each Notice of Borrowing and Letter of Credit Application submitted by the Borrower shall be deemed to

be a representation and warranty that the applicable conditions specified in Section 5.2(a), (b), (c), and (d)

have been satisfied on and as of the date of the applicable Extension of Credit.

ARTICLE VI

REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES

To induce the Administrative Agent and Lenders to enter into this Agreement and to induce the

Lenders and Issuing Lenders to make Extensions of Credit, the Credit Parties hereby represent and

warrant to the Administrative Agent and the Lenders as follows, which representations shall be deemed

made on the Closing Date and as otherwise set forth in Sections 4.13(e) and 5.2(a) or in any other Loan

Document:

SECTION 6.1Organization; Power; Qualification. The Borrower and each of its

Subsidiaries (a) is duly and validly organized and existing and in good standing under the laws of its

jurisdiction of incorporation or formation and (b) is qualified to do business and is in good standing in all

jurisdictions in which such qualifications are necessary, except (i) in the case of clause (a) above, where

the failure of any Non-Guarantor Subsidiary to be in existence and (ii) in the case of clause (b) above,

where the failure of the Borrower or any Subsidiary to be so qualified or in good standing, has not had

and could not reasonably be expected to have, a Material Adverse Effect. As of the Closing Date, the

Borrower’s and each Subsidiary’s type of organization and jurisdiction of incorporation or formation are

set forth on Schedule 6.1 and each Material Subsidiary of the Borrower in existence as of the Closing

Date has been identified on such Schedule.

SECTION 6.2Authorization; No Breach; Approvals. The execution, delivery, and

performance by each Credit Party of each Loan Document to which such Credit Party is a party and the

consummation of the transactions contemplated thereby (a) are within such Credit Party’s powers, (b)

have been duly authorized by all necessary corporate, limited liability company, partnership, or other

organizational action, (c) do not contravene such Credit Party’s Organizational Documents, (d) do not

contravene any Applicable Law applicable to or binding upon such Credit Party, the contravention or

violation of which has had, or could reasonably be expected to have, a Material Adverse Effect, (e) do not

and will not result in the breach of, or constitute a default under, any material agreement or instrument by

which such Credit Party or any of its Property is bound, (f) do not and will not result in the creation of

any Lien upon any Property of such Credit Party, except any Permitted Liens, and (g) do not require any

authorization or approval or other action by, or any notice or filing with, any Governmental Authority,

except those relating to performance as would ordinarily be done in the ordinary course of business after

the Closing Date and the filing of UCC financing statements in favor of the Administrative Agent and

other perfection actions contemplated by the Security Documents. At the time of each Loan, such Loan

and the use of the proceeds of such Loan (i) are within the Borrower’s corporate powers, (ii) have been

duly authorized by all necessary corporate action, (iii) do not contravene the Borrower’s certificate of

incorporation or bylaws, (iv) do not contravene any Applicable Law applicable to or binding upon the

Borrower, the contravention of which has had, or could reasonably be expected to have, a Material

Adverse Effect, (v) do not result in a breach of, or constitute a default under, any material agreement or

instrument by which the Borrower or any of its Properties is bound, (vi) will not result in or require the

creation or imposition of any Lien upon any Property of the Borrower prohibited by this Agreement, and

(vii) do not require any authorization or approval or other action by, or any notice or filing (other than

routine Tax filings) with, any Governmental Authority, other than the filing of UCC financing statements

in favor of the Administrative Agent and other perfection actions contemplated by the Security

Documents.

SECTION 6.3Enforceability. The Loan Documents have each been duly executed and

delivered by each Credit Party that is a party thereto, and each Loan Document constitutes the legal, valid,

and binding obligation of each Credit Party that is a party thereto enforceable against such Credit Party in

accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization,

moratorium, or similar laws at the time in effect affecting the rights of creditors generally and by general

principles of equity whether applied by a court of law or equity.

SECTION 6.4Financial Condition.

(a)The Borrower has delivered to the Administrative Agent the audited financial statements

for the Borrower and its Subsidiaries dated as of December 31, 2021 for the Fiscal Year ended as of such

date. The financial statements referred to in the preceding sentence have been prepared in accordance

with GAAP and present fairly in all material respects the consolidated financial condition of the

aforementioned Persons as of the respective dates thereof. As of the date of the aforementioned financial

statements, there were no material contingent obligations, material liabilities for Taxes, material unusual

forward or long-term commitments, or material unrealized or anticipated losses of the applicable Persons,

except as disclosed therein and adequate reserves for such items have been made in accordance with

GAAP.

(b)Since December 31, 2021, no event or condition has occurred that has had, or could

reasonably be expected to have, a Material Adverse Effect.

SECTION 6.5Fiscal Year. The Fiscal Year of the Borrower ends on December 31.

SECTION 6.6True and Complete Disclosure. None of the written factual information

(whether delivered before or after the date of this Agreement) prepared by or on behalf of the Borrower or

any Subsidiary and furnished to the Administrative Agent, the Arrangers, or the Lenders for purposes of

or in connection with this Agreement, any other Loan Document, or any transaction contemplated hereby

or thereby (other than projections, estimates, and budgets) contain, as of the date such information was

furnished (or, if such information expressly related to a specific date, as of such specific date), any

material misstatement of fact or omit to state, as of the date such information was furnished (or, if such

information expressly related to a specific date, as of such specific date), any material fact necessary to

make the statements therein, in light of the circumstances under which they were made, not misleading.

There is no fact known to any Responsible Officer of the Borrower or any Subsidiary on the date of this

Agreement that has not been disclosed to the Administrative Agent that has had, or could reasonably be

expected to have, a Material Adverse Effect. All projections, estimates, budgets, and pro forma financial

information furnished by the Borrower or any Subsidiary (or on behalf of such Persons) to the

Administrative Agent, the Arrangers, or the Lenders for purposes of or in connection with this

Agreement, any other Loan Document, or any transaction contemplated hereby or thereby (whether

delivered before or after the date of this Agreement), were or will be prepared on the basis of assumptions

believed to be reasonable at the time such projections, estimates, and pro forma financial information

were furnished; provided, however, that such projections are or will be based only on management’s

reasonable belief at the time that such projections were prepared and in no case shall any of such

projections be considered to be representations or assurances with respect to future performance. As of

the Closing Date, all of the information included in the Beneficial Ownership Certification is true and

correct.

SECTION 6.7Litigation. As of the Closing Date, there are no actions, suits, or proceedings by

or before any Governmental Authority pending or, to the knowledge of any Responsible Officer of the

Borrower, threatened against the Borrower or any Subsidiary, at law, in equity, or in admiralty, which has

had, or could reasonably be expected to have, a Material Adverse Effect. Additionally, there is no

pending or, to the knowledge of any Responsible Officer of the Borrower, threatened action or proceeding

instituted against the Borrower or any Subsidiary which seeks to adjudicate the Borrower or any

Subsidiary as bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement,

adjustment, protection, relief, or composition of it or its debts under any Debtor Relief Law, or seeking

the entry of an order for relief or the appointment of a receiver, trustee, or other similar official for it or

for any substantial part of its Property. Neither the Borrower nor any of its Subsidiaries is in default with

respect to any judgment, order, or decree of any Governmental Authority where such default has had, or

could reasonably be expected to have, a Material Adverse Effect.

SECTION 6.8Compliance with Agreements.

(a)Neither the Borrower nor any of its Subsidiaries is in default under any contract,

agreement, lease, or instrument to which the Borrower or such Subsidiary is a party which default has

had, or could reasonably be expected to have, a Material Adverse Effect.

(b)No Default has occurred and is continuing.

SECTION 6.9Pension Plans. Except for matters that have not had, and could not reasonably

be expected to have, a Material Adverse Effect, (a) all Plans are in compliance with all applicable

provisions of ERISA, (b) no Termination Event has occurred with respect to any Plan that would result in

an Event of Default under Section 9.1(h), and each Plan has complied with and been administered in

accordance with applicable provisions of ERISA and the Code, (c) with respect to all Plans, no

“accumulated funding deficiency” (as defined in Section 302 of ERISA) has occurred, and for plan years

after December 31, 2007, no unpaid minimum required contribution exists, and there has been no excise

tax imposed under Section 4971 of the Code, (d) no Reportable Event has occurred with respect to any

Multiemployer Plan, and each Multiemployer Plan has complied with and been administered in

accordance with applicable provisions of ERISA and the Code, (e) the present value of all benefits vested

under each Plan (based on the assumptions used to fund such Plan) did not, as of the last annual valuation

date applicable thereto, exceed the value of the assets of such Plan allocable to such vested benefits, (f)

neither any Credit Party nor any member of the Controlled Group has had a complete or partial

withdrawal from any Multiemployer Plan for which there is any unsatisfied withdrawal liability, and (g)

as of the most recent valuation date applicable thereto, neither any Credit Party nor any member of the

Controlled Group would become subject to any liability under ERISA if any Credit Party or any member

of the Controlled Group has received notice that any Multiemployer Plan is insolvent or in reorganization.

Based upon GAAP existing as of the date of this Agreement and current factual circumstances, the

Borrower has no reason to believe that the annual cost during the term of this Agreement to the Borrower

or any Subsidiary for post-retirement benefits to be provided to the current and former employees of the

Borrower or any Subsidiary under Plans that are welfare benefit plans (as defined in Section 3(1) of

ERISA) has had, or could, in the aggregate, reasonably be expected to have, a Material Adverse Effect.

SECTION 6.10Environmental Condition.

(a)Except to the extent that such matter has not had, and could not reasonably be expected to

have, a Material Adverse Effect, the Borrower and each Subsidiary (i) has obtained all Environmental

Permits necessary for the ownership and operation of its Properties and the conduct of its businesses, (ii)

has at all times been and is in compliance with all terms and conditions of such Environmental Permits

and with all other requirements of applicable Environmental Laws, (iii) has not received written notice of

any violation or alleged violation of any Environmental Law or Environmental Permit, and (iv) is not

subject to any actual or contingent Environmental Claim.

(b)To the actual knowledge of the Borrower, none of the present or previously owned or

operated Property of the Borrower or of any Subsidiary thereof, wherever located, (i) has been placed on

or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response

Compensation Liability Information System list, or their state or local analogs, or have been otherwise

investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure,

restoration, reclamation, or other response activity under any Environmental Laws that has had, or could

reasonably be expected to have, a Material Adverse Effect, (ii) is subject to a Lien, arising under or in

connection with any Environmental Laws, that attaches to any revenues or to any Property owned or

operated by any Credit Party, wherever located, which has had, or could reasonably be expected to have,

a Material Adverse Effect, or (iii) has been the site of any release of Hazardous Substances from present

or past operations which has caused at the site or at any third-party site any condition that has resulted in

or could reasonably be expected to result in the need for Response that has had, or could have, a Material

Adverse Effect.

(c)Without limiting the foregoing, (i) all necessary notices have been properly filed, and no

further action is required under current applicable Environmental Law as to each Response or other

restoration or remedial project undertaken by the Borrower, any of its Subsidiaries or any of the

Borrower’s or such Subsidiary’s former Subsidiaries on any of their presently or formerly owned or

operated Property except to the extent such non-filing or inaction has not had, and could not reasonably

be expected to have, a Material Adverse Effect and (ii) the present and, to the Borrower’s best knowledge,

future liability, if any, of the Borrower or of any Subsidiary which has arisen or could reasonably be

expected to arise in connection with requirements under Environmental Laws has not had, and could not

reasonably be expected to have, a Material Adverse Effect.

SECTION 6.11Ownership. As of the Closing Date, (a) the Borrower has no

Subsidiaries other than those listed on Schedule 6.11 and dormant or inactive Foreign Subsidiaries, (b) the

Borrower has no Material Subsidiaries other than those designated as such on Schedule 6.11, (c) there are

no CFC Holdcos other than those designated as such on Schedule 6.11, and (d) Schedule 6.11 sets forth a

true and correct list of all the issued and outstanding Equity Interests held directly by each Credit Party,

including Equity Interests that represent 50% or less of the Equity Interests of the applicable issuer. All

outstanding Equity Interests held by any Credit Party have been duly authorized and validly issued and, to

the extent applicable, are fully paid and nonassessable and not subject to any preemptive or similar rights,

except as described in Schedule 6.11. As of the Closing Date, there are no outstanding stock purchase

warrants, subscriptions, options, securities, instruments, or other rights of any type or nature whatsoever,

which are convertible into, exchangeable for or otherwise provide for or require the issuance of Equity

Interests of any Subsidiary Guarantor or any direct Subsidiary of the Borrower or any Subsidiary

Guarantor, except as described on Schedule 6.11.

SECTION 6.12Investment Company Act. Neither the Borrower nor any Subsidiary is

an “investment company” or a company “controlled” by an “investment company” within the meaning of

the Investment Company Act.

SECTION 6.13Taxes. Proper and accurate federal, state, local, and foreign Tax returns, reports,

and statements required to have been filed (after giving effect to any extension granted in the time for

filing) with a Governmental Authority by the Borrower and each Subsidiary or any member of the

affiliated group as determined under Section 1504 of the Code that files consolidated returns with the

Borrower (hereafter collectively called the “Tax Group”) have been filed with the appropriate

Governmental Authorities, and all Taxes due and payable by the Borrower or any other member of the

Tax Group have been timely paid prior to the date on which any fine, penalty, interest, late charge, or loss

may be added thereto for non-payment thereof except where contested in good faith and by appropriate

proceeding and where the failure to have filed such Tax returns or paid such Taxes has not had, and could

not reasonably be expected to have, a Material Adverse Effect. Proper and accurate amounts have been

withheld by the Borrower and all other members of the Tax Group from their employees for all periods of

employment by the Borrower or such members to comply in all material respects with the Tax, social

security, and unemployment withholding provisions of federal, state, local, and foreign Applicable Law

applicable to the Borrower or such member except to the extent the failure to so withhold has not had, and

could not reasonably be expected to have, a Material Adverse Effect.

SECTION 6.14Permits, Licenses, Etc.; Compliance with Laws. Each of the

Borrower and its Subsidiaries possesses all permits, licenses, patents, patent rights or licenses,

trademarks, trademark rights, trade names rights, and copyrights, which are material to the conduct of its

business. Each of the Borrower and its Subsidiaries manages and operates its business in accordance with

all Applicable Laws, except where the failure to so manage or operate has not had, and could not

reasonably be expected to have, a Material Adverse Effect; provided that this Section 6.14 does not apply

with respect to Environmental Permits.

SECTION 6.15Use of Proceeds. The proceeds of the Loans will be used by the

Borrower for the purposes described in Section 8.8. Neither the Borrower nor any Subsidiary is engaged

in the business of extending credit for the purpose of purchasing or carrying margin stock (within the

meaning of Regulation U of the FRB). No proceeds of any Extension of Credit will be used to purchase

or carry any margin stock in violation of Regulation T, U, or X of the FRB.

SECTION 6.16Property. Each of the Borrower and its Subsidiaries has good title to, or

a valid leasehold interest in, all of its real and personal property material to the conduct of its business,

except where the failure to have such title or leasehold interest in such Property has not had, and could not

reasonably be expected to have, a Material Adverse Effect, and all such Property is subject to no Liens

other than Permitted Liens.

SECTION 6.17Insurance. Each of the Borrower and its Subsidiaries carries insurance

as required under Section 7.3.

SECTION 6.18Anti-Corruption Laws; Anti-Money Laundering Laws and

Sanctions.

(a)None of (i) the Borrower, any Subsidiary, any of their respective directors, officers,

employees or Affiliates, or (ii) to the knowledge of the Borrower, any agent or representative of the

Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the Credit

Facility, (A) is or has been since April 24, 2019 a Sanctioned Person, (B) has its assets located in a

Sanctioned Country, (C) is under administrative, civil, or criminal investigation for an alleged violation

of, or received notice from or made a voluntary disclosure to any Governmental Authority regarding a

possible violation of, Anti-Corruption Laws, Anti-Money Laundering Laws, or Sanctions by a

Governmental Authority that enforces Sanctions or any Anti-Corruption Laws or Anti-Money Laundering

Laws other than immaterial violations or possible violations, if any, disclosed to the Administrative Agent

in writing prior to the date hereof, (D) directly or indirectly derives revenues from investments in, or

transactions with, Sanctioned Persons in violation of Sanctions, or (E) is knowingly engaged in any

activity that would reasonably be expected to result in the Borrower or any Subsidiary being designated as

a Sanctioned Person.

(b)Each of the Borrower and its Subsidiaries has instituted and maintains in effect policies

and procedures designed to promote and achieve continued compliance, in all material respects, by the

Borrower and its Subsidiaries and their respective directors, officers, employees, agents, and Affiliates

with all Anti-Corruption Laws, Anti-Money Laundering Laws, and applicable Sanctions.

(c)Each of the Borrower and its Subsidiaries, their respective directors, officers, employees

and, to the knowledge of the Borrower, agents and Affiliates of Borrower and each such Subsidiary, is

and has been for the last five (5) years in compliance in all material respects with all Anti-Corruption

Laws and Anti-Money Laundering Laws and, since April 24, 2019, in compliance with applicable

Sanctions.

(d)No proceeds of any Extension of Credit have been used, directly or knowingly indirectly,

by the Borrower, any of its Subsidiaries, or any of its or their respective directors, officers, employees or,

to the knowledge of the Borrower, agents in violation of Section 8.8(b). No Borrowing or Letter of

Credit, use of proceeds or other transaction contemplated by this Agreement will be used directly or

knowingly indirectly in violation of any Anti-Corruption Laws, Anti-Money Laundering Laws or

Sanctions applicable to any party hereto.

SECTION 6.19Affected Financial Institution; Covered Party. Neither the Borrower

nor any Subsidiary thereof is an Affected Financial Institution or a Covered Party.

SECTION 6.20Employee Relations. As of the Closing Date, neither the Borrower nor

any Subsidiary thereof is party to any collective bargaining agreement, nor has any labor union been

recognized as the representative of its employees except as set forth on Schedule 6.20. The Borrower

knows of no pending, threatened, or contemplated strikes, work stoppage, or other collective labor

disputes involving its employees or those of its Subsidiaries that has had, or could reasonably be expected

to have, a Material Adverse Effect.

SECTION 6.21Solvency. The Credit Parties, on a Consolidated basis, are Solvent.

SECTION 6.22Senior Indebtedness Status. The Obligations of each Credit Party

under this Agreement and each of the other Loan Documents ranks, to the extent of the value of the

Collateral, senior in priority to all senior unsecured Indebtedness of each such Person and, to the extent

applicable, is designated as “Senior Indebtedness” (or any other similar term) under all instruments and

documents, now or in the future, relating to all senior unsecured Indebtedness of such Person.

SECTION 6.23Outbound Investment Rules. Neither the Borrower nor any of its

Subsidiaries is a “covered foreign person” as that term is used in the Outbound Investment Rules. Neither

the Borrower nor any of its Subsidiaries currently engages, or has any present intention to engage in the

future, directly or indirectly, in (i) a “covered activity” or a “covered transaction”, as each such term is

defined in the Outbound Investment Rules, (ii) any activity or transaction that would constitute a “covered

activity” or a “covered transaction”, as each such term is defined in the Outbound Investment Rules, if the

Borrower were a U.S. Person or (iii) any other activity that would cause the Administrative Agent or any

Lender to be in violation of the Outbound Investment Rules or cause the Administrative Agent or any

Lender to be legally prohibited by the Outbound Investment Rules from performing under this

Agreement.

ARTICLE VII

AFFIRMATIVE COVENANTS

Until all of the Obligations (other than contingent reimbursement and indemnification obligations

not then due) have been paid and satisfied in full in cash, all Letters of Credit have been terminated or

expired (or been Cash Collateralized in accordance with this Agreement), and the Commitments

terminated:

SECTION 7.1Organization. The Borrower shall, and shall cause each of its Subsidiaries to,

preserve and maintain (a) its partnership, limited liability company, or corporate existence, or equivalent

form, and (b) the rights, licenses, permits, franchises, and privileges material to the conduct of its

business, except where the failure to so preserve and maintain the existence or form of any Non-

Guarantor Subsidiary or such rights, licenses, permits, franchises, or privileges has not had, and could not

reasonably be expected to have, a Material Adverse Effect; provided, however, that nothing herein

contained shall prevent any transaction permitted by Section 8.4.

SECTION 7.2Reporting.

(a)Annual Financial Statements. The Borrower shall provide, or shall cause to be provided,

to the Administrative Agent, as soon as available, but in any event within the later of ninety (90) days

after the end of each Fiscal Year of the Borrower and five (5) days after the time period required by the

SEC (commencing with the Fiscal Year ending December 31, 2022), the Annual Financial Statements for

such Fiscal Year, which shall not be subject to any “going concern” (other than solely with respect to, or

resulting solely from, (1) an upcoming maturity date for any Indebtedness occurring within one year from

the time such opinion is delivered or (2) any potential inability to satisfy any financial covenant in this

Agreement on a future date) or like qualification or exception or any qualification or exception as to the

scope of such audit or with respect to accounting principles followed by the Borrower or any of its

Subsidiaries not in accordance with GAAP.

(b)Quarterly Financial Statements. The Borrower shall provide, or shall cause to be

provided, to the Administrative Agent, as soon as available, but in any event within the later of forty-five

(45) days after the end of each fiscal quarter of the Borrower and five (5) days after the time period

required by the SEC (commencing with the fiscal quarter ending March 31, 2022), the Quarterly

Financial Statements as at the end of such fiscal quarter.

(c)Compliance Certificate. Concurrently with the delivery of the financial statements

referred to in Section 7.2(a) and (b), the Borrower shall provide to the Administrative Agent a duly

completed Compliance Certificate that, among other things, (i) states that no Default or Event of Default

is continuing as of the date of delivery of such Compliance Certificate or, if a Default or Event of Default

is continuing, states the nature thereof and the action that the Borrower proposes to take with respect

thereto and (ii) demonstrates compliance with the financial covenants set forth in Section 8.12 as of the

last day of the applicable Reference Period ending on the last day of the Reference Period covered by

such financial statements, together with (y) a schedule containing a list of all Material Subsidiaries (other

than CFCs and CFC Holdcos), which identifies all Material Subsidiaries (other than CFCs and CFC

Holdcos) not included in the Compliance Certificate delivered for the immediately prior fiscal quarter or

Fiscal Year end, as applicable and (z) a schedule containing all new Intellectual Property Collateral (as

defined in the Security Agreement) filed with the USPTO (as defined in the Security Agreement) or the

U.S. Copyright Office (as defined in the Security Agreement) not included in any Compliance Certificate

delivered for any prior fiscal quarter or Fiscal Year end.

(d)[Reserved].

(e)Notice of Defaults. The Borrower shall provide to the Administrative Agent, promptly,

but in any event within five (5) Business Days, after a Responsible Officer of the Borrower or any

Subsidiary thereof obtains knowledge of the occurrence of any Default or Event of Default, a notice of

such Default or Event of Default, setting forth the details of such Default or Event of Default and the

actions which the Borrower has taken and proposes to take with respect thereto.

(f)Other Creditors. The Borrower shall, and shall cause each of its Subsidiaries to, provide

to the Administrative Agent promptly after the giving or receipt thereof, copies of any default notices

given or received by the Borrower or by any of its Subsidiaries pursuant to the terms of any indenture,

loan agreement, credit agreement, or similar agreement evidencing or relating to Indebtedness in a

principal amount equal to or greater than $25,000,000.

(g)Material Adverse Effects. The Borrower shall, and shall cause each of its Subsidiaries to,

provide to the Administrative Agent prompt written notice of:

(i)the occurrence or existence of a Material Adverse Effect along with details of the

condition or event that resulted in such Material Adverse Effect and any action taken or proposed

to be taken with respect thereto; and

(ii)the filing or commencement of any action, suit or proceeding, whether at law or

in equity, by or before any court or any Governmental Authority involving claims which have

caused or had, or could reasonably be expected to cause or have, a Default or a Material Adverse

Effect.

(h)Notice of Certain Specific Matters.

(i)The Borrower shall promptly after any Responsible Officer of the Borrower

shall become aware of the same, provide to the Administrative Agent written notice of:

(A)the issuance by any court or Governmental Authority of any injunction,

order, or other restraint prohibiting, or having the effect of prohibiting, the performance

of this Agreement, any other Loan Document, or the making of any Extension of Credit

or the initiation of any litigation, or any claim or controversy which would reasonably be

expected to result in the initiation of any litigation, seeking any such injunction, order, or

other restraint;

(B)any attachment, judgment, lien, levy, or order exceeding $25,000,000

that could reasonably be expected to be assessed against the Borrower or any Subsidiary

thereof; and

(C)the PBGC’s intent to terminate any Plan, the imposition or amount of

withdrawal liability from a Multiemployer Plan sponsor pursuant to Section 4202 of

ERISA, and any Credit Party or any member of the Controlled Group filing or intending

to file a notice of intent to terminate any Plan under a distress termination within the

meaning of Section 4041(c) of ERISA.

(D)Each notice pursuant to this clause (h) shall be accompanied by a statement of a

Responsible Officer of the Borrower setting forth details of the occurrence referred to

therein and stating what action the Borrower has taken and proposes to take with respect

thereto.

(ii)The Borrower shall provide the Administrative Agent with written notice of any

change to the name of the Borrower or any other Credit Party, which such written notice shall

include the new name of such Person, within ten (10) Business Days after such name change (or

such longer period of time as the Administrative Agent may agree in its sole discretion).

(i)Other Public Information. The Borrower shall provide to the Administrative Agent,

promptly upon their becoming publicly available, each financial statement, report, notice, or definitive

proxy statements sent by the Borrower to shareholders generally and each regular or periodic report and

each registration statement, prospectus, or written communication (other than (i) transmittal letters, (ii)

registrations on Form S-8 under the Securities Act, (iii) registrations of equity securities pursuant to Rule

415 under the Securities Act, which do not involve an underwritten public offering, (iv) reports on Form

11-K or pursuant to Section 16(a) under the Exchange Act, and (v) comment letters from the staff of the

SEC’s Division of Corporation Finance in connection with periodic reviews of filings under the Exchange

Act) in respect thereof filed by the Borrower with, or received by the Borrower in connection therewith

from, any securities exchange or the SEC.

(j)Notices of Investigation. Notwithstanding the requirement in clause (h) above, the

Borrower shall promptly, and in any event within five (5) Business Days after receipt thereof by the

Borrower or any Subsidiary thereof, provide to the Administrative Agent copies of each notice or other

correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction)

concerning any investigation or possible investigation or other inquiry by such agency regarding financial

or other operational results of the Borrower or any Subsidiary thereof.

(k)[Reserved].

(l)Other Information. Subject to the confidentiality provisions of Section 11.10 and

promptly upon the request thereof, the Borrower shall provide to the Administrative Agent (a) such other

information and documentation required under applicable “know your customer” rules and regulations,

the Beneficial Ownership Regulation, the PATRIOT Act, or any applicable Anti-Money Laundering

Laws or Anti-Corruption Laws and (b) such other information relating to the condition (financial or

otherwise), operations, prospects, or business of the Borrower or any of its Subsidiaries, in each case as

any Lender or Issuing Lender through the Administrative Agent may reasonably request.

Documents required to be delivered pursuant to Section 7.2(a) or (b) or Section 7.2(i) (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, in each case

accessible by the Administrative Agent free of charge; 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 free of charge (whether a commercial, third-party website or whether sponsored by the

Administrative Agent). Notwithstanding anything contained herein, in every instance the Borrower shall

be required to provide copies of the Compliance Certificates required by Section 7.2 to the Administrative

Agent in accordance with the procedures set forth in Section 11.1. Except for such Compliance

Certificates, the Administrative Agent shall have no obligation to request the delivery or to maintain

copies of the documents referred to above, and in any event shall have no responsibility to monitor

compliance by the Borrower with any such request for delivery, and each Lender shall be solely

responsible for requesting delivery to it or maintaining its copies of such documents.

The Borrower hereby acknowledges that (a) the Administrative Agent or its Affiliates will make available

to the Lenders and the Issuing Lenders materials and/or information provided by or on behalf of the

Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on the

Platform and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to

receive material non-public information with respect to the Borrower or its securities) (each, a “Public

Lender”). 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, means

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

Arrangers, the Issuing Lenders, and the Lenders to treat such Borrower Materials as not containing any

material non-public information (although it may be sensitive and proprietary) with respect to the

Borrower or its securities for purposes of United States federal and state securities laws (provided,

however, that to the extent such Borrower Materials constitute Information, they shall be treated as set

forth in Section 11.10); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available

through a portion of the Platform designated “Public Investor;” and (z) the Administrative Agent and the

Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being

suitable only for posting on a portion of the Platform not designated “Public Investor.”

The Borrower represents and warrants that each of it and its Controlling and Controlled entities, in each

case, if any (collectively with the Borrower, the “Relevant Entities”), either (i) has no SEC registered or

unregistered, publicly traded securities outstanding, or (ii) files its financial statements with the SEC and/

or makes its financial statements available to potential holders of its securities, and, accordingly, the

Borrower hereby (i) authorizes the Administrative Agent to make the financial statements to be provided

under Sections 7.2(a) and (b) above, along with the Loan Documents, available to Public Lenders and (ii)

agrees that at the time such financial statements are provided hereunder, they shall already have been

made available to holders of any such securities. The Borrower will not request that any other material be

posted to Public Lenders without expressly representing and warranting to the Administrative Agent in

writing that such materials do not constitute material non-public information within the meaning of the

federal securities laws or that the Relevant Entities have no outstanding SEC registered or unregistered,

publicly traded securities. Notwithstanding anything herein to the contrary, in no event shall the Borrower

request that the Administrative Agent make available to Public Lenders budgets or any certificates,

reports or calculations with respect to the Borrower’s compliance with the covenants contained herein.

SECTION 7.3Insurance. The Borrower shall, and shall cause each of its Subsidiaries to, carry

and maintain insurance with financially sound and reputable insurance companies against at least such

risks and in at least such amounts as are customarily maintained by similar businesses and as may be

required by Applicable Law. All such insurance shall, (a) to the extent agreed by such insurance

company after the Borrower’s use of commercially reasonable efforts, provide that no cancellation thereof

shall be effective until at least thirty (30) days after receipt by the Administrative Agent of written notice

thereof (except as a result of non-payment of premium in which case only ten (10) days’ prior written

notice shall be required), (b) in the case of liability insurance, where customary for secured financings,

name the Administrative Agent as an additional insured party thereunder, and (c) in the case of each

property insurance policy relating to the Collateral, name the Administrative Agent as lender’s loss payee.

On or prior to the Closing Date and from time to time thereafter, the Borrower shall deliver to the

Administrative Agent promptly after its request information in reasonable detail as to the insurance then

in effect, stating the names of the insurance companies, the amounts of the insurance, the dates of the

expiration thereof, and the properties and risks covered thereby.

SECTION 7.4Compliance with Laws. The Borrower shall, and shall cause each of its

Subsidiaries to, comply with all Applicable Laws (including Environmental Laws, the PATRIOT Act, and

ERISA) which are applicable to it or its Property and maintain all related permits and other Governmental

Approvals necessary for the ownership and operation of its Property and business, except in any case

where the failure to so comply or the failure to so maintain has not had, and could not reasonably be

expected to have, a Material Adverse Effect.

SECTION 7.5Payment of Tax Obligations; Senior Indebtedness. The Borrower shall, and

shall cause each of its Subsidiaries to, pay and discharge the Tax liabilities and other governmental

obligations of the Borrower and its Subsidiaries prior to the date on which the same shall become

delinquent or in default, except where (a) the validity or amount thereof is being contested diligently in

good faith by appropriate proceedings and the Borrower or such Subsidiary has set aside on its books

adequate reserves with respect thereto in accordance with GAAP or (b) the failure to make such payment

has not had, and could not reasonably be expected to have, a Material Adverse Effect. The Obligations of

each Credit Party under this Agreement and each of the other Loan Documents shall, to the extent of the

value of the Collateral, continue to rank senior in priority to all senior unsecured Indebtedness of each

such Person and, to the extent applicable, shall be designated as “Senior Indebtedness” (or any other

similar term) under all instruments and documents, now or in the future, relating to senior unsecured

Indebtedness of such Person.

SECTION 7.6Additional Guarantors and Collateral.

(a)Additional Domestic Subsidiaries.

(i)Subject to Section 7.6(c), the Borrower shall notify the Administrative Agent of

the creation, acquisition (including by division), or existence of a Person that is a Material

Subsidiary (other than a CFC or a CFC Holdco) in each Compliance Certificate delivered in

accordance with Section 7.2(c) and, within thirty (30) days after the earlier of the date of such

notification and the date such notification is required to be delivered, as such time period may be

extended by the Administrative Agent in its sole discretion, cause such Material Subsidiary (other

than a CFC or a CFC Holdco) to (A) become a Guarantor by delivering to the Administrative

Agent a duly executed joinder supplement to the Guaranty Agreement in form and substance

reasonably satisfactory to the Administrative Agent, (B) grant a security interest in all Collateral

owned by such Material Subsidiary by delivering to the Administrative Agent a duly executed

joinder supplement to the Security Agreement and such other Security Documents (or joinder

supplements thereto) as the Administrative Agent shall deem reasonably appropriate for such

purpose and as may be necessary to comply with the terms of the Loan Documents, in each case

in form and substance reasonably satisfactory to the Administrative Agent, and (C) deliver to the

Administrative Agent:

(1)a secretary’s certificate from such Material Subsidiary, in form and

substance reasonably satisfactory to the Administrative Agent, certifying as to (I) the

incumbency of the officers of such Material Subsidiary executing any Loan Document,

(II) authorizing resolutions with respect to the transactions contemplated by the Loan

Documents to which such Material Subsidiary is a party, (III) the Organizational

Documents of such Material Subsidiary, (IV) Governmental Approvals, if any, required

to be obtained by such Material Subsidiary with respect to the Loan Documents to which

such Material Subsidiary is a party, and (V) a certificate of good standing in such

Subsidiary’s state of organization dated as of a recent date;

(2) promptly after any request, to the extent not already provided to the

Administrative Agent, all documentation and other information requested by the

Administrative Agent or any Lender in order for the Administrative Agent and the

Lenders to comply with requirements of applicable “know your customer” rules and

regulations, the Beneficial Ownership Regulation, the PATRIOT Act, and any applicable

Anti-Money Laundering Laws or Anti-Corruption Laws;

(3) only if requested by the Administrative Agent, an opinion of counsel to

such Material Subsidiary in form and substance reasonably acceptable to the

Administrative Agent related to such Material Subsidiary, but in no event more expansive

in scope than the opinion of counsel given with respect to the Borrower or any other

Credit Party on the Closing Date;

(4)a UCC financing statement in form and substance reasonably satisfactory

to the Administrative Agent;

(5)if the Equity Interests of such Material Subsidiary are certificated and the

holder of any such Equity Interests is a Guarantor, such original certificated Equity

Interests or other certificates and stock or other transfer powers evidencing the Equity

Interests of such Material Subsidiary held by such Guarantor, in each case in form and

substance reasonably satisfactory to the Administrative Agent; and

(6) (I) any Control Agreements (as defined in the Security Agreement)

required to be delivered under the Security Agreement with respect to any Pledged

Interests or Pledged Shares (each as defined in the Security Agreement) and (II)

intellectual property security agreements, reasonably requested by the Administrative

Agent and in form and substance reasonably satisfactory to the Administrative Agent,

with respect to any registered Intellectual Property Collateral (as defined in the Security

Agreement) of such Material Subsidiary.

(ii)The Borrower shall notify the Administrative Agent within thirty (30) days after

any Person becomes a direct Domestic Subsidiary (that is not a CFC Holdco) of a Credit Party (or

such later date as the Administrative Agent may agree to in its sole discretion), and, promptly

thereafter (and, in any event, within thirty (30) days after such notification, as such time period

may be extended by the Administrative Agent in its sole discretion), cause the applicable Credit

Party to deliver to the Administrative Agent a duly executed joinder supplement to the Security

Agreement pledging, or, at the request of the Administrative Agent, evidencing and reaffirming

an existing pledge of, one hundred percent (100%) of the Equity Interests of any such new

Domestic Subsidiary held by such Credit Party and a consent thereto executed by such new

Domestic Subsidiary (and deliver, if applicable, original certificated Equity Interests (or the

equivalent thereof pursuant to the Applicable Laws and practices of any relevant foreign

jurisdiction) evidencing the Equity Interests of such new Domestic Subsidiary held by such

Credit Party, together with an appropriate undated stock or other transfer power for each

certificate duly executed in blank by the registered owner thereof), in each case in form and

substance satisfactory to the Administrative Agent.

(b)Additional First Tier Foreign Subsidiaries and CFC Holdcos. The Borrower shall notify

the Administrative Agent within thirty (30) days after any Person becomes a First Tier Foreign Subsidiary

or a CFC Holdco that is a direct Subsidiary of a Credit Party (or such later date as the Administrative

Agent may agree to in its sole discretion), and, promptly thereafter (and, in any event, within thirty (30)

days after such notification, as such time period may be extended by the Administrative Agent in its sole

discretion), cause the applicable Credit Party to deliver to the Administrative Agent a duly executed

joinder supplement to the Security Agreement pledging, or, at the request of the Administrative Agent,

evidencing and reaffirming an existing pledge of, (i) sixty-five percent (65%) of the total outstanding

voting Equity Interests (and one hundred percent (100%) of the non-voting Equity Interests) held by such

Credit Party of any such new First Tier Foreign Subsidiary that is a CFC or any such new CFC Holdco

and (ii) one hundred percent (100%) of the Equity Interests held by such Credit Party of any such new

First Tier Foreign Subsidiary that is not a CFC or CFC Holdco, and a consent thereto executed by such

new First Tier Foreign Subsidiary or CFC Holdco, as applicable (and deliver, if applicable, original

certificated Equity Interests (or the equivalent thereof pursuant to the Applicable Laws and practices of

any relevant foreign jurisdiction) evidencing the pledged Equity Interests of such new First Tier Foreign

Subsidiary or CFC Holdco, as applicable, together with an appropriate undated stock or other transfer

power for each pledged certificate duly executed in blank by the registered owner thereof), in each case in

form and substance satisfactory to the Administrative Agent; provided that the Credit Parties in the

aggregate shall not be required to pledge (or reaffirm the pledge of) or provide a stock or other transfer

power for more than 65% of the outstanding voting Equity Interests of any CFC or CFC Holdco.

(c)Senior Note Obligors. Notwithstanding anything in Section 7.6(a) to the contrary, if any

Subsidiary grants Liens to secure or Guarantees any obligation, or becomes the issuer or otherwise

becomes liable, with respect to any Senior Notes, then substantially concurrently with or prior to such

Subsidiary granting such Liens or guaranteeing any obligation, or becoming the issuer or otherwise

becoming liable, with respect to such Senior Notes, the Borrower shall cause such Subsidiary to become a

Subsidiary Guarantor and otherwise comply with the requirements of Section 7.6(a) applicable to

Material Subsidiaries.

(d)Additional Collateral. The Borrower shall, and shall cause each other Credit Party to,

comply with the requirements set forth in the Security Documents with respect to any Property

constituting Collateral thereunder.

SECTION 7.7Records; Inspection. The Borrower shall, and shall cause each of its

Subsidiaries to, maintain books of record and account which permit financial statements to be prepared in

accordance with GAAP and Applicable Law. From time to time upon reasonable prior notice and at the

sole expense of the Borrower, but, unless an Event of Default then exists, no more than one such

examination, visit, and inspection in any calendar year shall be at the expense of the Borrower, the

Borrower shall, and shall cause each of its Subsidiaries to, permit the Administrative Agent or any Lender

(or any of their respective representatives), at such reasonable times and intervals and to a reasonable

extent and under the reasonable guidance of officers of or employees delegated by officers of the

Borrower or such Subsidiary, to, subject to any applicable confidentiality and attorney work product

considerations, examine and copy the books and records of the Borrower or such Subsidiary (other than

classified governmental material), to visit and inspect the Property of the Borrower or such Subsidiary,

and to discuss the business operations and Property of the Borrower or such Subsidiary with the officers

thereof.

SECTION 7.8Maintenance of Property. The Borrower shall, and shall cause each of its

Subsidiaries to, maintain its Property in good condition and repair, normal wear and tear excepted, except

to the extent that the failure to do so could not reasonably be expected to cause a Material Adverse Effect.

SECTION 7.9Environmental Laws. In addition to and without limiting the generality of

Section 7.4, the Borrower shall, and shall cause each of its Subsidiaries to, except as would not,

individually or in the aggregate, have, or be reasonably be expected to have, a Material Adverse Effect,

(a) comply with, and ensure such compliance by all tenants and subtenants with all applicable

Environmental Laws and obtain and comply with and maintain, and ensure that all tenants and subtenants,

if any, obtain and comply with and maintain, any and all Environmental Permits and (b) conduct and

complete all investigations, studies, sampling, and testing, and all remedial, removal, and other actions

required under Environmental Laws, and promptly comply with all lawful orders and directives of any

Governmental Authority regarding Environmental Laws.

SECTION 7.10Compliance with Anti-Corruption Laws; Beneficial Ownership

Regulation, Anti-Money Laundering Laws, and Sanctions. The Borrower shall, and shall cause each

of its Subsidiaries to, (a) maintain in effect and enforce policies and procedures designed to promote and

achieve continued compliance, in all material respects, by the Borrower and its Subsidiaries and their

respective directors, officers, employees, agents, and Affiliates with all Anti-Corruption Laws, Anti-

Money Laundering Laws, and applicable Sanctions, (b) notify the Administrative Agent and each Lender

that previously received a Beneficial Ownership Certification (or a certification that the Borrower

qualifies for an express exclusion to the “legal entity customer” definition under the Beneficial Ownership

Regulation) of any change in the information provided in the Beneficial Ownership Certification that

would result in a change to the list of beneficial owners identified therein (or, if applicable, the Borrower

ceasing to fall within an express exclusion to the definition of “legal entity customer” under the Beneficial

Ownership Regulation), and (c) promptly upon the reasonable request of the Administrative Agent or any

Lender, provide the Administrative Agent or directly to such Lender, as the case may be, any information

or documentation requested by it for purposes of complying with the Beneficial Ownership Regulation.

SECTION 7.11Further Assurances. The Borrower shall, and shall cause each of its

Subsidiaries 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

and other documents), which may be required under any Applicable Law, or which the Administrative

Agent or the Required Lenders may reasonably request, to effectuate the transactions contemplated by the

Loan Documents or to grant, preserve, protect, or perfect (other than, as to perfection, with respect to

Excluded Perfection Collateral) the Liens created or intended to be created by the Security Documents or

the validity or priority of any such Lien, all at the expense of the Credit Parties. The Borrower also agrees

to provide to the Administrative Agent, from time to time promptly after the reasonable request by the

Administrative Agent, evidence reasonably satisfactory to the Administrative Agent as to the perfection

and priority of the Liens created or intended to be created by the Security Documents.

SECTION 7.12Post-Closing Items. Within sixty (60) days of the Closing Date (or

such later date that the Administrative Agent may agree to in its sole discretion; provided that such sixty

(60) day period shall be automatically extended for an additional thirty (30) days upon receipt by the

Administrative Agent of written notice from the Borrower stating that a delay has occurred in satisfying

the requirements of this Section 7.12, the cause of which is out of the control of the Borrower and its

Subsidiaries and is not due to a third-party possessing any original certificate required to be delivered to

the Administrative Agent pursuant to this Section 7.12), the Borrower shall deliver, or shall cause such

Subsidiary to deliver, to the Administrative Agent original stock certificates or other certificates

evidencing the certificated Equity Interests pledged in favor of the Administrative Agent under the

Security Agreement and issued by the Subsidiaries listed on Schedule 7.12, together with an undated

transfer power for each such certificate duly executed in blank by the registered owner thereof and

otherwise in form and substance reasonably satisfactory to the Administrative Agent.

ARTICLE VIII

NEGATIVE COVENANTS

Until all of the Obligations (other than contingent reimbursement and indemnification obligations

not then due) have been paid and satisfied in full in cash, all Letters of Credit have been terminated or

expired (or been Cash Collateralized in accordance with this Agreement), and the Commitments

terminated:

SECTION 8.1Indebtedness. The Borrower shall not, and shall not permit any Subsidiary to,

create, incur, assume, or suffer to exist any Indebtedness, except:

(a)the Obligations;

(b)Indebtedness under Secured Bilateral LC Documents in an aggregate amount not to

exceed $100,000,000;

(c)unsecured intercompany Indebtedness (i) owed by any Credit Party to another Credit

Party, (ii) owed by any Non-Guarantor Subsidiary to any Credit Party to the extent permitted pursuant to

Section 8.3, (iii) owed by any Non-Guarantor Subsidiary to any other Non-Guarantor Subsidiary, and (iv)

to the extent subordinated pursuant to a global intercompany subordination agreement in form and

substance reasonably acceptable to the Administrative Agent and permitted pursuant to Section 8.3, owed

by any Credit Party to any Non-Guarantor Subsidiary;

(d)(i) Guarantees by any Credit Party of Indebtedness of any other Credit Party not

otherwise prohibited pursuant to this Section 8.1 and (ii) Guarantees by any Credit Party of Indebtedness

of any Non-Guarantor Subsidiary to the extent permitted pursuant to Section 8.3 (other than clause (g)

thereof);

(e)Indebtedness arising from the honoring by a bank or other financial institution of a check,

draft, or other similar instrument drawn against insufficient funds in the ordinary course of business;

(f)Indebtedness under performance bonds, surety bonds, release, appeal, and similar bonds,

statutory obligations, or with respect to workers’ compensation claims, in each case incurred in the

ordinary course of business, and reimbursement obligations in respect of any of the foregoing;

(g)unsecured Senior Notes in an aggregate principal amount not to exceed $1,000,000,000,

at any time outstanding; provided that in the case of each incurrence of such Indebtedness after the

Amendment No. 2 Effective Date, (i) no Default or Event of Default shall have occurred and be

continuing or would be caused by the incurrence of such Indebtedness, (ii) the Borrower shall be in

compliance with the financial covenants set forth in Section 8.12 on a pro forma basis as of the last day of

the most recently completed Reference Period after giving effect to the issuance of such Indebtedness and

use the proceeds thereof, (iii) such Indebtedness does not mature, or require any principal amortization or

mandatory prepayment, put right or sinking fund obligation prior to the date that is 91 days after the then

latest scheduled maturity date of the Loans and Commitments; provided that any Indebtedness consisting

of a customary bridge facility shall be deemed to satisfy this requirement so long as such Indebtedness

automatically converts into long-term debt which satisfies this clause (iii), and (iv) the terms of such

Indebtedness, taken as a whole, (A) reflect market terms at the time of issuance and (B) other than

pricing, fees, rate floors, premiums and optional prepayment or redemption provisions, taken as a whole,

are not materially more restrictive (as determined by Borrower in good faith) on the Borrower and its

Subsidiaries than the terms and conditions of this Agreement;

(h)Indebtedness of the Borrower incurred to finance the acquisition (whether or not such

acquisition was before or after the incurrence of such relevant Indebtedness), construction, or

improvement of any fixed or capital assets, including Capital Lease Obligations and any Indebtedness

assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets

prior to the acquisition thereof, and Permitted Refinancing Indebtedness in respect thereof; provided that

(i) such Indebtedness (other than Permitted Refinancing Indebtedness) is incurred prior to or within 180

days after such acquisition or the completion of such construction or improvement and (ii) the aggregate

principal amount of Indebtedness permitted under this clause (h) shall not exceed $150,000,000 at any

time outstanding;

(i)Indebtedness of any Person that becomes a Subsidiary after the date hereof, and

Permitted Refinancing Indebtedness in respect thereof; provided that (i) such Indebtedness (other than

Permitted Refinancing Indebtedness) exists at the time such Person becomes a Subsidiary and is not

created in contemplation of or in connection with such Person becoming a Subsidiary and (ii) the

aggregate principal amount of Indebtedness permitted under this clause (i) shall not exceed the greater of

(A) $100,000,000 and (B) 5.0% of Consolidated Total Assets, at any time outstanding;

(j)Indebtedness under or in respect of Hedge Agreements that are not speculative in nature;

(k)Secured Cash Management Obligations;

(l)to the extent not constituting an Obligation, Cash Collateralized Letters of Credit in an

aggregate principal amount not to exceed $103,000,000 at any time outstanding;

(m)Indebtedness in respect of any insurance premium financing for insurance being acquired

by the Borrower or any Subsidiary under customary terms and conditions and not in connection with the

borrowing of money;

(n)Indebtedness in respect of standby letters of credit or instruments serving a similar

function issued or accepted for the account of the Borrower or any Subsidiary by banks and other

financial institutions, in each case incurred in the ordinary course of business, and reimbursement

obligations in respect of any of the foregoing, so long as the aggregate principal amount of the

Indebtedness permitted under this clause (n) does not exceed the greater of (A) $50,000,000 and (B) 2.5%

of Consolidated Total Assets, at any time outstanding;

(o)Indebtedness consisting of non-competition, earn-out, or similar agreements incurred in

connection with any Acquisition permitted under Section 8.3;

(p)Indebtedness (other than Senior Notes) existing as of the Closing Date and described on

Schedule 8.1 attached hereto and Permitted Refinancing Indebtedness in respect thereof;

(q)to the extent constituting Indebtedness, customer deposits and advance payments

received in the ordinary course of business from customers for goods and services purchased in the

ordinary course of business;

(r)Indebtedness in the form of a Lien on the Equity Interests held by the Borrower or any

Subsidiary in a joint venture, which secures the Indebtedness of such joint venture, to the extent such

Liens are permitted by Section 8.2(h);

(s)Indebtedness (other than Indebtedness under Secured Bilateral LC Documents) of the

Borrower or any Subsidiary thereof not otherwise permitted pursuant to this Section 8.1 in an aggregate

principal amount not to exceed the greater of (i) $50,000,000 and (ii) 2.5% of Consolidated Total Assets,

at any time outstanding; and

(t)unsecured intercompany Indebtedness outstanding on the Closing Date in an aggregate

principal amount up to $25,000,000 and owed by any Credit Party to any Wholly-Owned Foreign

Subsidiary which Indebtedness is not subject to the global intercompany subordination agreement referred

to in clause (c) above, so long as such Indebtedness is subordinated to the Secured Obligations pursuant to

Section 7 of the Guaranty Agreement.

SECTION 8.2Liens. The Borrower shall not, and shall not permit any Subsidiary to, create,

incur, assume, or suffer to exist, any Lien on or with respect to any of its Property, whether now owned or

hereafter acquired, except:

(a)Liens created pursuant to the Loan Documents to secure the Secured Obligations

(including Liens in favor of the Issuing Lenders on Cash Collateral granted pursuant to the Loan

Documents);

(b)Liens for Taxes and assessments or governmental charges or levies and Liens securing

claims or demands of mechanics, materialmen, vendors, carriers, and warehousemen and other like

Persons; provided that payment thereof is not at the time required by Section 7.5;

(c)Liens of or resulting from any judgment or award not constituting an Event of Default

under Section 9.1(g), the time for the appeal or petition for rehearing of which shall not have expired, or

in respect of which the Borrower or a Subsidiary shall at any time in good faith be prosecuting an appeal

or proceeding for a review and in respect of which a stay of execution pending such appeal or proceeding

for review shall have been secured;

(d)Liens incidental to the conduct of business or the ownership of properties and assets

(including Liens in connection with worker’s compensation, unemployment insurance, and other like

laws, maritime and statutory landlords’ liens, and deposits made to obtain insurance), customary

statutory, common law, and contractual rights of a bank to set-off claims of such bank against cash on

deposit with such bank, and Liens to secure the performance of bids, tenders, or trade contracts, or to

secure statutory obligations, surety, or appeal bonds, or other Liens of like general nature, in any such

case incurred in the ordinary course of business and not in connection with the borrowing of money;

provided in each case, the obligation secured is not overdue or, if overdue, is being contested in good

faith by appropriate actions or proceedings and with respect to which reserves in conformity with GAAP

have been provided for on the books of the Borrower or applicable Subsidiary;

(e)minor survey exceptions or minor defects, irregularities in title, encumbrances,

easements, restrictions or reservations, or rights of others for rights-of-way, utilities, and other similar

purposes, or zoning or other restrictions as to the use of real properties, which customarily exist on

properties of Persons engaged in similar activities and similarly situated and which do not in any event

materially impair their use in the operation of the business of the Borrower and its Subsidiaries;

(f)Liens arising from the filing of precautionary UCC financing statements relating solely to

personal property leased pursuant to operating leases entered into in the ordinary course of business;

(g)Liens existing as of the Closing Date and described on Schedule 8.2 attached hereto and

Liens securing Permitted Refinancing Indebtedness in respect thereof;

(h)Liens on Equity Interests held, directly or indirectly, by the Borrower or any of its

Subsidiaries in a joint venture (that is not a Subsidiary) securing the Indebtedness of such joint venture;

provided that, with respect to any such Indebtedness neither the Borrower nor any of its Subsidiaries, nor

any of the Property of the Borrower or any of its Subsidiaries, other than such Equity Interests and the

proceeds realized from the sale or other disposition of such Equity Interests shall, directly or indirectly, be

liable for or secure in any manner whatsoever the payment thereof;

(i)Liens on cash and Cash Equivalents deposited with an escrow agent, trustee, or similar

Person to irrevocably defease or to irrevocably satisfy and discharge in full any Indebtedness; provided

that such Indebtedness and such defeasance or satisfaction is not prohibited under this Agreement;

(j)Liens created or incurred after the Closing Date given to secure Indebtedness incurred to

finance the acquisition (whether or not such acquisition was before or after the incurrence of such

Indebtedness), construction, or improvement of any fixed or capital assets, including Capital Lease

Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or

secured by a Lien on any such assets prior to the acquisition thereof, or any Permitted Refinancing

Indebtedness in respect thereof; provided that (i) such Lien shall attach solely to the assets acquired,

constructed or improved, (ii) such Lien securing such Indebtedness (other than Permitted Refinancing

Indebtedness) shall have been created or incurred no more than 180 days after the date of acquisition,

construction or improvement, (iii) the aggregate amount remaining unpaid on all Indebtedness secured by

Liens on such assets, whether or not assumed by the Borrower or any of its Subsidiaries, shall not exceed

an amount equal to the lesser of the total purchase price, construction price or improvement price or fair

market value (as determined in good faith by the Board of Directors of the Borrower), (iv) such

Indebtedness shall be incurred within the limitations provided in Section 8.1(h), and (v) at the time of the

creation, issuance, assumption, guarantee, or incurrence of such Indebtedness and after giving effect

thereto and to the application of the proceeds thereof, no Default or Event of Default would exist;

(k)Liens created or incurred after the Closing Date existing on assets at the time of

acquisition thereof or at the time of acquisition or purchase by the Borrower or any of its Subsidiaries of

any business entity then owning such assets, so long as (i) such Liens were not incurred, extended, or

renewed in contemplation of such acquisition or purchase; provided that (A) the Liens shall attach solely

to the assets acquired or purchased, (B) such Lien shall not apply to any other Property of the Borrower or

any of its Subsidiaries, (C) such Lien shall secure only those obligations and liabilities, and only such

amounts, that it secures on the date of such acquisition, and Permitted Refinancing Indebtedness

permitted under Section 8.01(i) in respect thereof, and (D) at the time of the creation, issuance,

assumption, guarantee, or incurrence of such Indebtedness and after giving effect thereto, no Default or

Event of Default would exist and (ii) the aggregate amount of the Indebtedness secured by all such Liens

does not exceed the greater of (A) $50,000,000 and (B) 2.5% of Consolidated Total Assets, at any time

outstanding;

(l)Liens created in favor of the Borrower or a Subsidiary under charters entered into by the

Borrower or such Subsidiary in the ordinary course of its business, as owner or lessor of an asset, creating

leasehold interests therein;

(m)Liens securing insurance premium financing permitted under Section 8.1(m) under

customary terms and conditions; provided that no such Lien may extend to or cover any Property other

than the insurance being acquired with such financing, the proceeds thereof and any unearned or refunded

insurance premiums related thereto;

(n)Liens on cash or Cash Equivalents securing Indebtedness permitted under Section 8.1(j)

or Section 8.1(n); provided that such Lien is not provided to any Person that is not a Lender or an

Affiliate thereof;

(o)Liens on cash in favor of the applicable issuing bank securing Indebtedness permitted

under Section 8.1(l); and

(p)Liens on assets other than the Collateral securing Indebtedness or other obligations in the

aggregate principal amount not to exceed the greater of (i) $30,000,000 and (ii) 1.5% of Consolidated

Total Assets, at any time outstanding.

SECTION 8.3Investments. The Borrower shall not, and shall not permit any Subsidiary to,

make, hold, or otherwise permit to exist any Investment, except:

(a)Investments (i) existing on the Closing Date, (ii) made after the Closing Date by any

Credit Party in any other Credit Party, (iii) made after the Closing Date by any Non-Guarantor Subsidiary

in any Credit Party, and (iv) made after the Closing Date by any Non-Guarantor Subsidiary in any other

Non-Guarantor Subsidiary;

(b)Investments in cash and Cash Equivalents;

(c)deposits made in the ordinary course of business to secure the performance of leases or

other obligations as permitted by Section 8.2;

(d)Hedge Agreements permitted pursuant to Section 8.1;

(e)purchases of assets in the ordinary course of business;

(f)Investments in the form of Restricted Payments permitted pursuant to Section 8.6;

(g)(i) Guarantees permitted pursuant to Section 8.1 and (ii) Guarantees in respect of

operating leases and other obligations (not constituting Indebtedness) of the Borrower or any Subsidiary;

(h)non-cash consideration received in connection with Asset Dispositions expressly

permitted by Section 8.5;

(i)Investments by the Borrower or any Subsidiary thereof in the form of Acquisitions, so

long as immediately before and after giving effect to any such Acquisition and any Indebtedness incurred

in connection therewith (i) either (A) the Consolidated Net Leverage Ratio, on a pro forma basis and as of

the last day of the most recently completed Reference Period of the Borrower, is less than or equal to 3.00

to 1.00 or (B) the aggregate amount of consideration paid by the Borrower and its Subsidiaries for all

Acquisitions during the term of this Credit Facility (including the fair market value of any Property paid

as consideration in connection with any Acquisition) does not exceed the greater of (1) $100,000,000 and

(2) 5.0% of Consolidated Total Assets, and (ii) no Default has occurred and is continuing;

(j)Investments made after the Closing Date in any Wholly-Owned Subsidiary, so long as

immediately before and after giving effect to any such Investment and any Indebtedness incurred in

connection therewith (i) the Consolidated Net Leverage Ratio, on a pro forma basis and as of the last day

of the most recently completed Reference Period of the Borrower, is less than or equal to 2.50 to 1.00 and

(ii) no Default has occurred and is continuing;

(k)Investments made after the Closing Date in any Person, so long as immediately before

and after giving effect to any such Investment and any Indebtedness incurred in connection therewith (i)

the Consolidated Net Leverage Ratio, on a pro forma basis and as of the last day of the most recently

completed Reference Period of the Borrower, is less than or equal to 2.25 to 1.00 and (ii) no Default has

occurred and is continuing;

(l)Investments in an aggregate amount not to exceed the greater of (i) $100,000,000 and (ii)

5.0% of Consolidated Total Assets at any time outstanding, so long as immediately before and after

giving effect to any such Investment and any Indebtedness incurred in connection therewith no Default

has occurred and is continuing;

(m)investments in the form of trade credit to customers of the Borrower or any Subsidiary

arising in the ordinary course of business and represented by accounts from such customers;

(n)loans or advances to employees of the Borrower or any of its Subsidiaries (or guaranties

of loans and advances made by a third party to employees of the Borrower or any of its Subsidiaries) in

the ordinary course of business; provided that the aggregate principal amount of all such loans and

advances and guaranties of loans and advances shall not exceed $1,000,000 at any time outstanding;

(o)Investments received in settlement of amounts due to the Borrower or any Subsidiary

effected in the ordinary course of business or owing to the Borrower or any Subsidiary as a result of

insolvency proceedings involving an account debtor or upon the foreclosure, deed in lieu of foreclosure,

or enforcement of any Lien in favor of the Borrower or any Subsidiary; and

(p)Investments in the ordinary course consisting of endorsements for collection or deposit.

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For purposes of determining the amount of any Investment outstanding for purposes of this Section 8.3,

such amount shall be deemed to be the amount of such Investment when made, purchased, or acquired

(without adjustment for subsequent increases or decreases in the value of such Investment) less any

amount realized in respect of such Investment upon the sale, collection, or return of capital (not to exceed

the original amount invested).

In the event a Material Subsidiary ceases to be a Wholly-Owned Domestic Subsidiary of the Borrower,

(a) any remaining Investment in such Person held by the Borrower or any Subsidiary shall be deemed a

new Investment made on the date such Person ceases to be a Wholly-Owned Domestic Subsidiary of the

Borrower and (b) such Person shall cease to be a Guarantor as permitted under Section 10.9 only if (i)

such deemed Investment is permitted pursuant to Section 8.3(k) or (l) on such date and (ii) such

transaction was for a bona fide purpose (and not for the purpose of releasing such Person from the

Guaranty Agreement or any Security Documents) and, if involving the transfer, assignment, sale, or other

disposition of any Equity Interest, was only with Persons that are not non-Wholly-Owned Subsidiaries,

Foreign Subsidiaries, or Affiliates of the Borrower or any Subsidiary.

SECTION 8.4Fundamental Changes. The Borrower shall not, and shall not permit any

Subsidiary to, merge, consolidate, amalgamate, or enter into any similar combination with (including by

division), or enter into any Asset Disposition of all or substantially all of its assets (whether in a single

transaction or a series of transactions) with, any other Person or liquidate, wind-up or dissolve itself (or

suffer any liquidation or dissolution), except:

(a)(i) any Wholly-Owned Subsidiary of the Borrower may be merged, amalgamated,

liquidated, dissolved, wound up, or consolidated with or into the Borrower (provided that the Borrower

shall be the continuing or surviving entity) or (ii) any Wholly-Owned Subsidiary of the Borrower may be

merged, amalgamated, or consolidated with or into any other Wholly-Owned Subsidiary of the Borrower

(provided that when any Subsidiary Guarantor is merging, amalgamating, liquidating, dissolving, winding

up, or consolidating with another Subsidiary, a Subsidiary Guarantor shall be the continuing or surviving

entity or the continuing or surviving entity shall become a Subsidiary Guarantor to the extent required

under, and within the time period set forth in Section 7.6, with which the Borrower shall comply in

connection with such transaction);

(b)(i) any Non-Guarantor Subsidiary that is a Foreign Subsidiary may be merged,

amalgamated, or consolidated with or into, or be liquidated into, any other Non-Guarantor Subsidiary and

(ii) any Non-Guarantor Subsidiary that is a Domestic Subsidiary may be merged, amalgamated, or

consolidated with or into, or be liquidated into, any other Non-Guarantor Subsidiary that is a Domestic

Subsidiary;

(c)any Subsidiary may sell, lease, or otherwise dispose of all or substantially all of its assets

to the Borrower or any Subsidiary Guarantor; provided that, with respect to any such disposition by any

Non-Guarantor Subsidiary, the consideration for such disposition shall not exceed the fair value of such

assets;

(d)(i) any Non-Guarantor Subsidiary that is a Foreign Subsidiary may dispose of all or

substantially all of its assets (upon voluntary liquidation, dissolution, winding up, division, or otherwise)

to any other Non-Guarantor Subsidiary and (ii) any Non-Guarantor Subsidiary that is a Domestic

Subsidiary may sell, lease, or otherwise dispose of all or substantially all of its assets to any other Non-

Guarantor Subsidiary that is a Domestic Subsidiary;

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(e)Asset Dispositions permitted by Section 8.5 (other than clause (b) thereof);

(f)any Person may merge with or into the Borrower or any of its Wholly-Owned

Subsidiaries in connection with an acquisition permitted pursuant to Section 8.3; provided that (i) in the

case of a merger involving the Borrower or a Subsidiary Guarantor, the continuing or surviving Person

shall be the Borrower or such Subsidiary Guarantor and (ii) the continuing or surviving Person shall be

the Borrower or a Wholly-Owned Subsidiary of the Borrower; and

(g)any Subsidiary may liquidate or dissolve if the Borrower determines in good faith that

such liquidation or dissolution is in the best interests of the Borrower and is not materially

disadvantageous to the Secured Parties.

SECTION 8.5Asset Dispositions. The Borrower shall not, and shall not permit any Subsidiary

to, make any Asset Disposition where the fair market value of assets involved is greater than $1,000,000,

except:

(a)the sale of inventory in the ordinary course of business;

(b)the sale, transfer, or other disposition of Property to the Borrower or any Subsidiary

Guarantor pursuant to any transaction permitted pursuant to Section 8.4;

(c)the write-off, discount, sale, or other disposition of defaulted or past-due receivables and

similar obligations in the ordinary course of business and not undertaken as part of an accounts receivable

financing transaction;

(d)the disposition, termination, or unwinding of any Hedge Agreement;

(e)dispositions of cash and Cash Equivalents in the ordinary course of business;

(f)Asset Dispositions (i) between or among Credit Parties, (ii) by any Non-Guarantor

Subsidiary to any Credit Party (provided that in connection with any new transfer, such Credit Party shall

not pay more than an amount equal to the fair market value of such assets), (iii) by any Non-Guarantor

Subsidiary to any other Non-Guarantor Subsidiary, and (iv) in the ordinary course of business between or

among the Borrower and its Subsidiaries for bona fide business purposes; provided that, the fair market

value of assets involved in an Asset Disposition under this clause (iv) shall not exceed $2,000,000;

(g)the sale or other disposition of obsolete, worn-out, or surplus Property no longer used or

useful in the business of the Borrower or any of its Subsidiaries;

(h)non-exclusive licenses and sublicenses of intellectual property rights in the ordinary

course of business not interfering, individually or in the aggregate, in any material respect with the

business of the Borrower and its Subsidiaries;

(i)leases, subleases, licenses, or sublicenses of Property granted by the Borrower or any of

its Subsidiaries to others in the ordinary course of business not detracting from the value of such Property

or interfering in any material respect with the business of the Borrower or any of its Subsidiaries;

(j)Asset Dispositions in connection with Insurance and Condemnation Events;

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(k)Asset Dispositions of Property (i) in the form of an Investment permitted pursuant to

Section 8.3 (other than clause (h) thereof), (ii) in the form of a Lien permitted pursuant to Section 8.2, and

(iii) in the form of a Restricted Payment permitted pursuant to Section 8.6;

(l)Asset Dispositions of Property to the extent that (i) such Property is exchanged for credit

against the purchase price of similar replacement Property or (ii) the proceeds of such disposition are

promptly applied to the purchase price of such replacement Property; and

(m)Asset Dispositions not otherwise permitted pursuant to this Section 8.5; provided that (i)

at the time of such Asset Disposition, no Default shall exist or would result from such Asset Disposition,

(ii) such Asset Disposition is made for fair market value as determined in good faith by the Borrower and

the consideration received shall be no less than 75% in cash, Cash Equivalents, and Designated Non-Cash

Consideration, and (iii) the aggregate fair market value of all Property disposed of in reliance on this

clause (m) shall not exceed $150,000,000 during the term of this Agreement.

SECTION 8.6Restricted Payments. The Borrower shall not, and shall not permit any

Subsidiary to, declare or make any Restricted Payments, except:

(a)the Borrower or any of its Subsidiaries may pay dividends in shares of its own Qualified

Equity Interests, so long as immediately before and after giving effect to any such Restricted Payment no

Default has occurred and is continuing;

(b)any Subsidiary of the Borrower may make Restricted Payments to the Borrower or any

Subsidiary Guarantor;

(c)(i) any Non-Guarantor Subsidiary that is a Domestic Subsidiary may make Restricted

Payments to any other Non-Guarantor Subsidiary that is a Domestic Subsidiary (and, if applicable, to

other holders of its outstanding Equity Interests on a ratable basis) and (ii) any Non-Guarantor Subsidiary

that is a Foreign Subsidiary may make Restricted Payments to any other Non-Guarantor Subsidiary (and,

if applicable, to other holders of its outstanding Equity Interests on a ratable basis);

(d)Restricted Payments in the form of the prepayment of Junior Indebtedness, so long as

immediately before and after giving effect to any such Restricted Payment (i) the Consolidated Net

Leverage Ratio, on a pro forma basis and as of the last day of the most recently completed Reference

Period of the Borrower, is less than or equal to 2.25 to 1.00, (ii) the Utilization Percentage is less than or

equal to 75%, and (iii) no Default has occurred and is continuing;

(e)Restricted Payments in the form of dividends and distributions to the holders of Qualified

Equity Interests of the Borrower in an aggregate amount not to exceed $75,000,000 per Fiscal Year, so

long as so long as immediately before and after giving effect to any such Restricted Payment no Default

has occurred and is continuing;

(f)Restricted Payments not otherwise permitted pursuant to this Section 8.6 in an aggregate

amount not to exceed the greater of (i) $75,000,000 and (ii) 4.0% of Consolidated Total Assets, so long as

immediately before and after giving effect to any such Restricted Payment no Default has occurred and is

continuing;

(g)Restricted Payments not otherwise permitted pursuant to this Section 8.6, so long as

immediately before and after giving effect to any such Restricted Payment (i) the Consolidated Net

Leverage Ratio, on a pro forma basis and as of the last day of the most recently completed Reference

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Period of the Borrower, is less than or equal to 2.00 to 1.00 and (ii) no Default has occurred and is

continuing;

(h)cash payments in lieu of issuing fractional shares in connection with the exercise of

warrants, options or other securities convertible into or exchangeable for Equity Interests of the Borrower;

and

(i)any redemption, retirement, sinking fund, or similar payment, purchase, or other

acquisition for value, direct or indirect, of any Equity Interests of the Borrower (i) made solely with the

proceeds received from the exercise of any warrant or option or (ii) that is deemed to occur upon the

cashless exercise of stock options or warrants.

(j)Notwithstanding the foregoing, nothing in this Section 8.6 shall restrict or prohibit the

Borrower or its Subsidiaries from making any dividend, distribution or prepayment or redemption within

sixty (60) days after the date of its irrevocable declaration or the giving of irrevocable notice thereof, as

the case may be, if at the date of declaration thereof or notice of the prepayment or redemption such

dividend, distribution, prepayment or redemption was permitted under this Section 8.6.

SECTION 8.7Limitation on Restrictive Agreements. The Borrower shall not, nor shall it

permit any of its Subsidiaries to, enter into, or suffer to exist, any agreement with any Person which,

directly or indirectly, prohibits or limits the ability of (a) the Borrower to create, incur, or suffer to exist

Liens on its Property to secure the Secured Obligations; provided, however, that this clause (a) shall not

prohibit any Lien permitted under Section 8.2 or any negative pledge incurred or provided in favor of any

holder of Indebtedness not prohibited by this Agreement or (b) any Subsidiary to (i) pay dividends or

make any other distributions to any Credit Party or prepay any Indebtedness owed to any Credit Party, (ii)

make loans or advances to any Credit Party, (iii) create, incur, or suffer to exist Liens on the Property of

such Subsidiary to secure the Secured Obligations; provided, however, that this clause (iii) shall not

prohibit any negative pledge incurred or provided in favor of any holder of Indebtedness not prohibited by

this Agreement, or (iv) transfer any of its Properties to the Borrower; provided that the foregoing shall not

apply to such restrictions existing under or by reason of (A) Applicable Law; (B) any agreement relating

to any Indebtedness not prohibited by this Agreement; (C) customary non-assignment provisions of any

contract; (D) customary restrictions on cash or other deposits imposed by customers under contracts

entered into in the ordinary course of business; (E) purchase money obligations for Property acquired in

the ordinary course of business that impose restrictions on the Property so acquired; (F) contracts for the

sale of Properties not prohibited by this Agreement, including customary restrictions with respect to a

Subsidiary pursuant to an agreement that has been entered into for the sale of all or substantially all of the

Equity Interests or assets of such Subsidiary; (G) any agreement or other instrument governing

Indebtedness of a Person acquired by the Borrower or any of its Subsidiaries (or of a Subsidiary of such

Person which becomes a Subsidiary) in existence at the time of such acquisition (but not created in

contemplation thereof), which restriction is not applicable to the Borrower or any of its Subsidiaries, or

Properties of any such Person, other than the Person, or Properties or Subsidiaries of the Person, so

acquired; or (H) provisions contained in agreements relating to Indebtedness which prohibit the transfer

of all or substantially all of the assets of the obligor thereunder, unless the transferee shall assume the

obligations of the obligor under such agreement or instrument.

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SECTION 8.8Use of Proceeds.

(a)The Borrower shall not, nor shall it permit any of its Subsidiaries to, use the proceeds of

any Extension of Credit for any purposes other than (i) to refinance the advances and other obligations

outstanding under the Existing Credit Agreement, (ii) working capital purposes of the Borrower or any

Subsidiary, or (iii) other general corporate purposes of the Borrower or any Subsidiary, including the

payment of fees and expenses related to the entering into of this Agreement and the other Loan

Documents.

(b)The Borrower shall not request any Extension of Credit, and the Borrower shall not use,

and shall ensure (by using commercially reasonable efforts to the extent of any Person not in the

Borrower’s Control) that its Subsidiaries and its or their respective directors, officers, employees, and

agents shall not use, the proceeds of any Extension of Credit, directly or knowingly indirectly, (i) in

furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or

anything else of value, to any Person in violation of any Anti-Corruption Laws or Anti-Money

Laundering Laws, (ii) for the purpose of funding, financing, or facilitating any activities, business, or

transaction of or with any Sanctioned Person, or in any Sanctioned Country in violation of Sanctions, or

(iii) in any other manner that would result in the violation of any Sanctions applicable to any party hereto.

SECTION 8.9 Affiliate Transactions. The Borrower shall not, nor shall it permit any of

its Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction or series of

transactions with any Affiliate (including the purchase from, sale to, or exchange of Property with, or the

rendering of any service by or for, any Affiliate) with a value in excess of $1,000,000, individually or in

the aggregate, other than (i) transactions among the Borrower and its Subsidiaries that are not prohibited

by this Agreement and have a bona fide business purpose, (ii) Restricted Payments not prohibited by

Section 8.6, or (iii) pursuant to the reasonable requirements of the Borrower’s or its applicable

Subsidiary’s business and upon fair and reasonable terms at least as favorable to the Borrower or such

Subsidiary as it would obtain in a comparable arm’s-length transaction with a Person other than an

Affiliate.

SECTION 8.10Nature of Business. The Borrower shall not, nor shall it permit any of its

Subsidiaries to, engage in any business if, as a result, the general nature of the business, taken on a

consolidated basis, which would then be engaged in by the Borrower and its Subsidiaries would be

substantially changed from the general nature of the business engaged in by the Borrower and its

Subsidiaries on the date of this Agreement and businesses related thereto.

SECTION 8.11Hazardous Substances. Except in compliance with applicable

Environmental Laws, the Borrower (a) shall not, nor shall it permit any of its Subsidiaries to, create,

handle, transport, use, or dispose of any Hazardous Substance, except to the extent that such non-

compliance has not had, and could not, individually or in the aggregate, be reasonably expected to have, a

Material Adverse Effect, and (b) shall not, nor shall it permit any of its Subsidiaries to, release any

Hazardous Substance into the environment and shall not permit any Credit Party’s or any Subsidiary’s

Property to be subjected to any release of Hazardous Substances, except to the extent that such non-

compliance has not had, and could not, individually or in the aggregate, be reasonably be expected to

have, a Material Adverse Effect.

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SECTION 8.12Financial Covenants.

(a)Consolidated Net Leverage Ratio. The Borrower shall not, as of the last day of the fiscal

quarters specified below, permit the Consolidated Net Leverage Ratio to be greater than the

corresponding ratio set forth below:


Fiscal Quarter	Maximum Ratio
Fiscal quarters ending: March 31, 2022; June 30, 2022; and September 30, 2022	4.00 to 1.00
Fiscal quarters ending: December 31, 2022 and March 31, 2023	3.75 to 1.00
Fiscal quarters ending: June 30, 2023 and September 30, 2023	3.50 to 1.00
Fiscal quarters ending: December 31, 2023 and each fiscal quarter thereafter	3.25 to 1.00

(b)Consolidated Interest Coverage Ratio. The Borrower shall not, as of the last day of any

fiscal quarter, permit the Consolidated Interest Coverage Ratio to be less than 3.00 to 1.00.

SECTION 8.13Accounting Changes; Organizational Documents.

(a)The Borrower shall not, nor shall it permit any of its Subsidiaries to, change its Fiscal

Year end.

(b)The Borrower shall not, nor shall it permit any of its Subsidiary Guarantors to, amend,

modify, or change its Organizational Documents in any manner materially adverse to the rights or

interests of the Administrative Agent or the Lenders.

SECTION 8.14Modifications of Senior Note Documents. The Borrower shall not, nor

shall it permit any of its Subsidiaries to, amend, modify, waive, or supplement (or permit the

modification, amendment, waiver, or supplement of) any of the terms or provisions of any Senior Note

Document which would materially and adversely affect the rights or interests of the Administrative Agent

or the Lenders.

SECTION 8.15Outbound Investment Rules. The Borrower will not, and will not permit

any of its Subsidiaries to, (a) be or become a “covered foreign person”, as that term is defined in the

Outbound Investment Rules, or (b) engage, directly or indirectly, in (i) a “covered activity” or a “covered

transaction”, as each such term is defined in the Outbound Investment Rules, (ii) any activity or

transaction that would constitute a “covered activity” or a “covered transaction”, as each such term is

defined in the Outbound Investment Rules, if the Borrower were a U.S. Person or (iii) any other activity

that would cause the Administrative Agent or any Lender to be in violation of the Outbound Investment

Rules or cause the Administrative Agent or any Lender to be legally prohibited by the Outbound

Investment Rules from performing under this Agreement.

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ARTICLE IX

DEFAULT AND REMEDIES

SECTION 9.1Events of Default. The occurrence of any of the following events shall constitute

an “Event of Default” under this Agreement and the other Loan Documents:

(a)Payment Failure. Any Credit Party (i) fails to pay any principal (including any

Reimbursement Obligation) or fails to provide any Cash Collateral required under this Agreement, in

each case when due under this Agreement or (ii) fails to pay, within five (5) days of when due, any

interest or any other amount due under this Agreement or any other Loan Document, including payments

of fees, reimbursements, and indemnifications.

(b)Misrepresentation. Any representation or warranty made or deemed to be made by or on

behalf of any Credit Party or any Subsidiary thereof in this Agreement, in any other Loan Document, or in

any certificate delivered in connection with this Agreement or any other Loan Document is incorrect,

false, or otherwise misleading in any material respect (except that such materiality qualifier shall not be

applicable to any representations and warranties that already are qualified or modified by materiality or

Material Adverse Effect in the text thereof) at the time it was made or deemed made.

(c)Breach of Covenant. (i) Any breach by the Borrower of any of the covenants in Section

7.1(a) (with respect to any Credit Party’s existence), Section 7.2(a), (b), (c), or (e), or Article VIII of this

Agreement or (ii) any breach by any Credit Party of any other covenant contained in this Agreement or

any other Loan Document and such breach shall remain unremedied for a period of thirty (30) days after

the earlier of (A) the date any Responsible Officer of the Borrower has actual knowledge of such breach

and (B) the date written notice thereof shall have been given to the Borrower by the Administrative

Agent.

(d)Loan Documents. Any Loan Document (or any material provision thereof) shall at any

time (before its expiration or termination according to its terms) cease to be in full force and effect and

valid and binding on any Credit Party that is a party thereto, or any Loan Document shall for any reason

cease to create a valid and perfected first priority Lien (subject to Permitted Liens) on, or security interest

in, any of the Collateral (other than Excluded Perfection Collateral) purported to be covered thereby, in

each case other than in accordance with the express terms hereof or thereof, or the Borrower or any

Subsidiary shall so state in writing.

(e)Cross-Default. (i) The Borrower or any Subsidiary thereof shall fail to pay any principal

of or premium or interest on its Indebtedness which is outstanding in a principal amount of at least the

Threshold Amount, individually or when aggregated with all such Indebtedness of the Borrower and its

Subsidiaries so in default (but excluding Indebtedness incurred hereunder), when the same becomes due

and payable (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise),

and such failure shall continue after the applicable grace period, if any, specified in the agreement or

instrument relating to such Indebtedness; (ii) any other event shall occur or condition shall exist under any

agreement or instrument relating to Indebtedness which is outstanding in a principal amount of at least the

Threshold Amount individually or when aggregated with all such Indebtedness of the Borrower and its

Subsidiaries so in default (other than Indebtedness incurred hereunder), and shall continue after the

applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or

condition is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness prior to the

stated maturity thereof; or (iii) any such Indebtedness shall be declared to be due and payable, or required

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to be prepaid (other than by a regularly scheduled required prepayment, due to the disposition of any asset

securing such Indebtedness if such disposition is permitted under this Agreement and the documents

providing such Indebtedness, or pursuant to a voluntary notice of prepayment permitted under this

Agreement); provided that, for purposes of this clause (e), the “principal amount” of the obligations in

respect of Hedge Agreements at any time shall be the Hedge Termination Value;

(f)Bankruptcy and Insolvency. The Borrower or any Material Subsidiary (A) admits in

writing its inability to pay its debts generally as they become due; makes an assignment for the benefit of

its creditors; consents to or acquiesces in the appointment of a receiver, liquidator, fiscal agent, or trustee

of itself or all or any material portion of its Property; files a petition under any Debtor Relief Law;

consents to any reorganization, arrangement, workout, liquidation, dissolution, or similar relief; or takes

any corporate action for the purpose of authorizing any of the foregoing or (B) shall have had, without its

consent: any court of competent jurisdiction enter an order appointing a receiver, liquidator, fiscal agent,

or trustee of itself or all or any material portion of its Property; any petition filed against it seeking

reorganization, arrangement, workout, liquidation, dissolution, or similar relief under any Debtor Relief

Law and such petition shall not be dismissed, stayed, or set aside for an aggregate of sixty (60) days,

whether or not consecutive, or an order granting the relief requested in such case or proceeding under

such Debtor Relief Laws shall be entered.

(g)Adverse Judgment. One or more judgments, orders, or decrees shall be entered against

the Borrower or any Subsidiary thereof by any court and continues without having been discharged,

vacated, or stayed for a period of thirty (30) consecutive days after the entry thereof and such judgments,

orders, or decrees (i) in the case of the payment of money, are individually or in the aggregate (to the

extent not paid or covered by insurance as to which the relevant insurance company has not disputed

coverage), in excess of the Threshold Amount or (ii) in the case of injunctive or other non-monetary

relief, have had, or could reasonably be expected to have, individually or in the aggregate, a Material

Adverse Effect.

(h)Termination Events. Any Termination Event with respect to a Plan shall have occurred,

and, thirty (30) days after notice thereof shall have been given to the Borrower by the Administrative

Agent, such Termination Event shall not have been corrected and shall have created and caused to be

continuing a material risk of Plan termination or liability for withdrawal from the Plan as a “substantial

employer” (as defined in Section 4001(a)(2) of ERISA), which termination could reasonably be expect to

result in a liability of, or liability for withdrawal could reasonably be expected to be, greater than the

Threshold Amount.

(i)Plan Withdrawals. Any Credit Party or any member of the Controlled Group as

employer under a Multiemployer Plan shall have made a complete or partial withdrawal from such

Multiemployer Plan and such withdrawing employer shall have incurred a withdrawal liability in an

annual amount exceeding the Threshold Amount.

(j)Change of Control. Any Change of Control shall occur.

SECTION 9.2Remedies. Upon the occurrence and during the continuation of an Event of

Default, with the consent of the Required Lenders, the Administrative Agent may, or upon the request of

the Required Lenders, the Administrative Agent shall, by notice to the Borrower:

(a)Acceleration; Termination of Credit Facility. Terminate the Commitments and declare

the principal of and interest on the Loans and the Reimbursement Obligations at the time outstanding, and

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all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of

the other Loan Documents (including all L/C Obligations, whether or not the beneficiaries of the then

outstanding Letters of Credit shall have presented or shall be entitled to present the documents required

thereunder) and all other Obligations, to be forthwith due and payable, whereupon the same shall

immediately become due and payable without presentment, demand, protest, or other notice of any kind,

all of which are expressly waived by each Credit Party, anything in this Agreement or the other Loan

Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the

Borrower to request borrowings or Letters of Credit thereunder; provided that upon the occurrence of an

Event of Default specified in Section 9.1(f), the Credit Facility shall be automatically terminated and all

Obligations shall automatically become due and payable without presentment, demand, protest, or other

notice of any kind, all of which are expressly waived by each Credit Party, anything in this Agreement or

in any other Loan Document to the contrary notwithstanding.

(b)Letters of Credit. With respect to all Letters of Credit with respect to which presentment

for honor shall not have occurred at the time of an acceleration pursuant to the preceding clause (a),

demand that the Borrower shall at such time deposit in a Cash Collateral account opened by the

Administrative Agent an amount equal to the Minimum Collateral Amount of the aggregate then undrawn

and unexpired amount of such Letter of Credit. Amounts held in such Cash Collateral account shall be

applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the

unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any,

shall be applied to repay the other Secured Obligations in accordance with Section 9.4. After all such

Letters of Credit shall have expired or been fully drawn upon, the Reimbursement Obligation shall have

been satisfied and all other Secured Obligations shall have been paid in full, the balance, if any, in such

Cash Collateral account shall be returned to the Borrower.

(c)General Remedies. Exercise on behalf of the Secured Parties all of its other rights and

remedies under this Agreement, the other Loan Documents, and Applicable Law, in order to satisfy all of

the Secured Obligations.

SECTION 9.3Rights and Remedies Cumulative; Non-Waiver; Etc.

(a)The enumeration of the rights and remedies of the Administrative Agent and the Lenders

set forth in this Agreement is not intended to be exhaustive and the exercise by the Administrative Agent

and the Lenders of any right or remedy shall not preclude the exercise of any other rights or remedies, all

of which shall be cumulative, and shall be in addition to any other right or remedy given hereunder or

under the other Loan Documents or that may now or hereafter exist at law or in equity or by suit or

otherwise. No delay or failure to take action on the part of the Administrative Agent or any Lender in

exercising any right, power, or privilege shall operate as a waiver thereof, nor shall any single or partial

exercise of any such right, power, or privilege preclude any other or further exercise thereof or the

exercise of any other right, power, or privilege or shall be construed to be a waiver of any Event of

Default. No course of dealing between the Borrower, the Administrative Agent, and the Lenders or their

respective agents or employees shall be effective to change, modify, or discharge any provision of this

Agreement or any of the other Loan Documents or to constitute a waiver of any Event of Default.

(b)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 Credit Parties or any of them shall be vested exclusively in, and all actions and proceedings at

law in connection with such enforcement shall be instituted and maintained exclusively by, the

Administrative Agent in accordance with Section 9.2 for the benefit of all the Lenders and the Issuing

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Lenders; provided that the foregoing shall not prohibit (i) the Administrative Agent from exercising on its

own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent)

hereunder and under the other Loan Documents, (ii) any Issuing Lender from exercising the rights and

remedies that inure to its benefit (solely in its capacity as an Issuing Lender) hereunder and under the

other Loan Documents, (iii) any Lender from exercising setoff rights in accordance with Section 11.4

(subject to the terms of Section 4.6), or (iv) 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 Credit Party under any

Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative

Agent hereunder and under the other Loan Documents, then (A) the Required Lenders shall have the

rights otherwise ascribed to the Administrative Agent pursuant to Section 9.2 and (B) in addition to the

matters set forth in clauses (ii), (iii), and (iv) of the preceding proviso and subject to Section 4.6, 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 9.4Crediting of Payments and Proceeds. In the event that the Obligations have been

accelerated pursuant to Section 9.2 or the Administrative Agent or any Lender has exercised any remedy

set forth in this Agreement or any other Loan Document, all payments received on account of the Secured

Obligations and all net proceeds from the enforcement of the Secured Obligations shall, subject to the

provisions of Sections 3.12, 4.14, and 4.15, be applied by the Administrative Agent as follows:

First, to payment of that portion of the Secured Obligations constituting fees, indemnities,

expenses, and other amounts, including attorneys’ fees, payable to the Administrative Agent in its

capacity as such;

Second, to payment of that portion of the Secured Obligations constituting fees (other than

Commitment Fees and Letter of Credit fees payable to the Lenders), indemnities, and other amounts

(other than principal and interest) payable to the Lenders and the Issuing Lenders under the Loan

Documents, including attorneys’ fees, ratably among the Lenders and the Issuing Lenders in proportion to

the respective amounts described in this clause Second payable to them;

Third, to payment of that portion of the Secured Obligations constituting accrued and unpaid

Commitment Fees, Letter of Credit fees payable to the Lenders, and interest on the Loans and

Reimbursement Obligations, ratably among the Lenders and the Issuing Lenders in proportion to the

respective amounts described in this clause Third payable to them;

Fourth, to payment of that portion of the Secured Obligations constituting unpaid principal of the

Loans, Reimbursement Obligations, Secured Hedge Obligations, Secured Bilateral LC Obligations,

Secured Supply Chain Financing Obligations and Secured Cash Management Obligations then owing and

to Cash Collateralize any L/C Obligations then outstanding, ratably among the holders of such obligations

in proportion to the respective amounts described in this clause Fourth payable to them; and

Last, the balance, if any, after all of the Secured Obligations have been paid in full, to the

Borrower or as otherwise required by Applicable Law.

Notwithstanding the foregoing, Secured Bilateral LC Obligations, Secured Hedge Obligations,

Secured Supply Chain Financing Obligations and Secured Cash Management Obligations shall be

excluded from the application described above if the Administrative Agent has not received written notice

thereof, together with such supporting documentation as the Administrative Agent may request, from the

applicable holders thereof following such acceleration or exercise of remedies and at least three (3)

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Business Days prior to the application of the proceeds thereof. Each holder of Secured Bilateral LC

Obligations, Secured Hedge Obligations, Secured Supply Chain Financing Obligations or Secured Cash

Management Obligations that, in any case, is not a party to this Agreement that has given the notice

contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and

accepted the appointment of the Administrative Agent pursuant to the terms of Article X for itself and its

Affiliates as if a “Lender” party hereto.

SECTION 9.5Administrative 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 Credit Party, the

Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be

due and payable as herein expressed or by declaration or otherwise and irrespective of whether the

Administrative Agent shall have made any demand on any Credit Party) shall be entitled and empowered

(but not obligated) by intervention in such proceeding or otherwise:

(a)to file and prove a claim for the whole amount of the principal and interest owing and

unpaid in respect of the Loans, L/C Obligations, and all other 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 Lenders, and the Administrative Agent (including any claim for the reasonable

compensation, expenses, disbursements, and advances of the Lenders, the Issuing Lenders, and the

Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the

Issuing Lenders, and the Administrative Agent under Sections 3.3, 4.3, and 11.3) 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 each Issuing Lender to make such payments

to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of

such payments directly to the Lenders and the Issuing Lenders, to pay to the Administrative Agent any

amount due for the reasonable compensation, expenses, disbursements, and advances of the

Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent

under Sections 3.3, 4.3, and 11.3.

SECTION 9.6Credit Bidding.

(a)The Administrative Agent, on behalf of itself and the Secured Parties, shall have the

right, exercisable at the direction of the Required Lenders, to credit bid and purchase for the benefit of the

Administrative Agent and the Secured Parties all or any portion of Collateral at any sale thereof

conducted by the Administrative Agent under the provisions of the UCC, including pursuant to Sections

9-610 or 9-620 of the UCC, at any sale thereof conducted under the provisions of the United States

Bankruptcy Code, including Section 363 thereof, or a sale under a plan of reorganization, or at any other

sale or foreclosure conducted by the Administrative Agent (whether by judicial action or otherwise) in

accordance with Applicable Law. Such credit bid or purchase may be completed through one or more

acquisition vehicles formed by the Administrative Agent to make such credit bid or purchase and, in

connection therewith, the Administrative Agent is authorized, on behalf of itself and the other Secured

Parties, to adopt documents providing for the governance of the acquisition vehicle or vehicles, and

assign the applicable Secured Obligations to any such acquisition vehicle in exchange for Equity Interests

and/or debt issued by the applicable acquisition vehicle (which shall be deemed to be held for the ratable

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account of the applicable Secured Parties on the basis of the Secured Obligations so assigned by each

Secured Party); provided that any actions by the Administrative Agent with respect to such acquisition

vehicle or vehicles, including any disposition of the assets or Equity Interests thereof, shall be governed,

directly or indirectly, by the vote of the Required Lenders, irrespective of the termination of this

Agreement and without giving effect to the limitations on actions by the Required Lenders contained in

Section 11.2.

(b)Each Lender hereby agrees, on behalf of itself and each of its Affiliates that is a Secured

Party, that, except as otherwise provided in any Loan Document or with the written consent of the

Administrative Agent and the Required Lenders, it will not take any enforcement action, accelerate

obligations under any of the Loan Documents, or exercise any right that it might otherwise have under

Applicable Law to credit bid at foreclosure sales, UCC sales, or other similar dispositions of Collateral.

ARTICLE X

THE ADMINISTRATIVE AGENT

SECTION 10.1Appointment and Authority.

(a)Each of the Lenders and each Issuing Lender hereby irrevocably appoints, designates,

and authorizes JPMorgan to act on its behalf as the Administrative Agent hereunder and under the other

Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to

exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together

with such actions and powers as are reasonably incidental thereto. The provisions of this Article are

solely for the benefit of the Administrative Agent, the Arrangers, the Lenders, the Issuing Lenders, and

their respective Related Parties, and neither the Borrower nor any Subsidiary thereof shall have rights as a

third-party beneficiary of any of such provisions.

(b)The Administrative Agent shall also act as the “collateral agent” under the Loan

Documents, and each of the Lenders (including each holder of Secured Hedge Obligations, Secured

Bilateral LC Obligations, Secured Supply Chain Financing Obligations and Secured Cash Management

Obligations) and the Issuing Lenders hereby irrevocably appoints and authorizes the Administrative

Agent to act as the agent of such Lender and such Issuing Lender for purposes of acquiring, holding, and

enforcing any and all Liens on Collateral granted by any of the Credit Parties to secure any of the Secured

Obligations, together with such powers and discretion as are reasonably incidental thereto (including to

enter into additional Loan Documents or supplements to existing Loan Documents on behalf of the

Secured Parties). In this connection, the Administrative Agent, as “collateral agent” and any co-agents,

sub-agents, and attorneys-in-fact appointed by the Administrative Agent pursuant to this Article X 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 and Article XI

(including Section 11.3, 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.

(c)It is understood and agreed that the use of the term “agent” herein or in any other Loan

Documents (or any other similar term) with reference to the Administrative Agent is not intended to

connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any

Applicable Law. Instead such term is used as a matter of market custom, and is intended to create or

reflect only an administrative relationship between contracting parties.

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SECTION 10.2Rights as a Lender. The Person serving as the Administrative Agent

hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may

exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders”

shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person

serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates

may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other

advisory capacity for, and generally engage in any kind of banking, trust, financial advisory,

underwriting, capital markets, or other business with the Borrower or any Subsidiary or other Affiliate

thereof as if such Person were not the Administrative Agent hereunder and without any duty to account

therefor to the Lenders or to provide notice to or consent of the Lenders with respect thereto.

SECTION 10.3Exculpatory Provisions.

(a)The Administrative Agent, the Arrangers, and their respective Related Parties shall not

have any duties or obligations except those expressly set forth herein and in the other Loan Documents,

and their respective duties hereunder and thereunder shall be mechanical and administrative in nature.

The motivations of the Administrative Agent are commercial in nature and not to invest in the general

performance or operations of the Borrower. Without limiting the generality of the foregoing, the

Administrative Agent, the Arrangers, and their respective Related Parties:

(i)shall not be subject to any agency, trust, fiduciary, or other implied duties,

regardless of whether a Default or Event of Default has occurred and is continuing;

(ii)shall not have any duty to take any discretionary action or exercise any

discretionary powers, except discretionary rights and powers expressly contemplated hereby or by

the other Loan Documents that the Administrative Agent is required to exercise as directed in

writing by the Required Lenders (or such other number or percentage of the Lenders as shall be

expressly provided for herein or in the other Loan Documents); provided that the Administrative

Agent shall not be required to take any action that, in its opinion or the opinion of its counsel,

may expose the Administrative Agent to liability or that is contrary to any Loan Document or

Applicable Law, including for the avoidance of doubt any action that may be in violation of the

automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification, or

termination of Property of a Defaulting Lender in violation of any Debtor Relief Law;

(iii)shall not be required to take any action that (A) the Administrative Agent in good

faith believes exposes it to liability unless the Administrative Agent receives an indemnification

and is exculpated in a manner satisfactory to it from the Lenders and the Issuing Lenders with

respect to such action, or (B) is contrary to this Agreement or any other Loan Document or

Applicable Law, including any action that may be in violation of the automatic stay under any

Debtor Relief Law or that may effect a forfeiture, modification, or termination of Property of a

Defaulting Lender in violation of any Debtor Relief Law; provided that the Administrative Agent

may seek clarification or direction from the Required Lenders prior to the exercise of any such

instructed action and may refrain from acting until such clarification or direction has been

provided;

(iv)shall not, have any duty to disclose, and shall not be liable for the failure to

disclose to any Lender, any Issuing Lender, or any other Person, any credit or other information

relating concerning the business, prospects, operations, properties, assets, financial or other

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condition, or creditworthiness of the Borrower or any of its Subsidiaries or Affiliates that is

communicated to, obtained by, or otherwise in the possession of the Person serving as the

Administrative Agent, an Arranger, or their respective Related Parties in any capacity, except for

notices, reports, and other documents that are required to be furnished by the Administrative

Agent to the Lenders pursuant to the express provisions of this Agreement; and

(v)shall not be required to account to any Lender or any Issuing Lender for any sum

or profit received by the Administrative Agent for its own account.

(b)The Administrative Agent, the Arrangers, and their respective Related Parties shall not be

liable for any action taken or not taken by it under or in connection with this Agreement or any other

Loan Document or the transactions contemplated hereby or thereby (i) with the consent or at the request

of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as

the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as

provided in Section 11.2 and Section 9.2) or (ii) in the absence of its own gross negligence or willful

misconduct (such absence to be presumed unless otherwise determined by a court of competent

jurisdiction by a final and non-appealable judgment). The Administrative Agent shall be deemed not to

have knowledge of any Default or Event of Default unless and until written notice describing such

Default or Event of Default and indicating that such notice is a “Notice of Default” is given to the

Administrative Agent by the Borrower, a Lender, or an Issuing Lender.

(c)The Administrative Agent, the Arrangers, and their respective Related Parties shall not be

responsible for or have any duty or obligations to any Lender or Participant or any other Person to

ascertain or inquire into (i) any statement, warranty, or representation made in or in connection with this

Agreement or any other Loan Document, (ii) the contents of any certificate, report, or other document

delivered hereunder or thereunder or in connection herewith or therewith (including any report provided

to it by an Issuing Lender pursuant to Section 3.9), (iii) the performance or observance of any of the

covenants, agreements, or other terms or conditions set forth herein or therein or the occurrence of any

Default or Event of Default, (iv) the validity, enforceability, effectiveness, or genuineness of this

Agreement, any other 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, (vi) the satisfaction of any condition set forth in Article V or elsewhere

herein, other than to confirm receipt of items expressly required to be delivered to the Administrative

Agent, or (vii) the utilization of any Issuing Lender’s L/C Commitment (it being understood and agreed

that each Issuing Lender shall monitor compliance with its own L/C Commitment without any further

action by the Administrative Agent).

(d)The Administrative Agent shall not be responsible or have any liability for, or have any

duty to ascertain, inquire into, monitor, or enforce, compliance with the provisions hereof relating to

Disqualified Institutions. Without limiting the generality of the foregoing, the Administrative Agent shall

not (x) be obligated to ascertain, monitor or inquire as to whether any Lender or Participant or prospective

Lender or Participant is a Disqualified Institution or (y) have any liability with respect to or arising out of

any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified

Institution.

(e)Nothing in this Agreement shall require the Administrative Agent to expend or risk its

own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in

the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment

of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.

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SECTION 10.4Reliance by the Administrative Agent. The Administrative Agent shall

be entitled to rely upon, shall be fully protected in relying and shall not incur any liability for relying

upon, any notice, request, certificate, consent, communication, 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, including any certification pursuant to Section 10.9. The Administrative Agent also may rely

upon any statement made to it orally or by telephone and believed by it to have been made by the proper

Person, and shall be fully protected in relying and shall not incur any liability for relying thereon. In

determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension,

renewal, or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender

or an Issuing Lender, the Administrative Agent may presume that such condition is satisfactory to such

Lender or such Issuing Lender unless the Administrative Agent shall have received notice to the contrary

from such Lender or such Issuing Lender prior to the making of such Loan or the issuance of such Letter

of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the

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. Each

Lender or Issuing Lender that has signed this Agreement or a signature page to an Assignment and

Assumption or any other Loan Document pursuant to which it is to become a Lender or Issuing Lender

hereunder shall be deemed to have consented to, approved, and accepted and shall deemed satisfied with

each document or other matter required thereunder to be consented to, approved, or accepted by such

Lender or Issuing Lender or that is to be acceptable or satisfactory to such Lender or Issuing Lender.

SECTION 10.5Delegation of Duties. The Administrative Agent may perform any and

all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or

through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent

and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or

through their respective Related Parties. The exculpatory provisions of this Article shall apply to any

such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall

apply to their respective activities in connection with the syndication of the Credit Facility as well as

activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence

or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a

final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful

misconduct in the selection of such sub-agents.

SECTION 10.6Resignation of Administrative Agent.

(a)The Administrative Agent may at any time give notice of its resignation to the Lenders,

the Issuing Lenders, and the Borrower. Upon receipt of any such notice of resignation, the Required

Lenders shall have the right, in consultation with the Borrower and subject to the consent of the Borrower

(provided no Event of Default has occurred and is continuing), to appoint a successor, which shall be a

bank or financial institution reasonably experienced in serving as administrative agent on syndicated bank

facilities with an office in the United States, or an Affiliate of any such bank or financial institution 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 Administrative Agent

gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the

“Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to),

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on behalf of the Lenders and the Issuing Lenders, appoint a successor Administrative Agent meeting the

qualifications set forth above; provided that in no event shall any such successor Administrative Agent be

a Defaulting Lender or a Disqualified Institution. Whether or not a successor has been appointed, such

resignation shall become effective in accordance with such notice on the Resignation Effective Date.

(b)If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause

(d) of the definition thereof, the Required Lenders may, to the extent permitted by Applicable Law, by

notice in writing to the Borrower and such Person, remove such Person as Administrative Agent and, in

consultation with the Borrower and subject to the consent of the Borrower (provided no Event of Default

has occurred and is continuing), 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 (or such earlier

day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall

nonetheless become effective in accordance with such notice on the Removal Effective Date.

(c)With effect from the Resignation Effective Date or the Removal Effective Date (as

applicable), (i) the retiring or removed Administrative Agent shall be discharged from its duties and

obligations hereunder and under the other Loan Documents (except that in the case of any collateral

security held by the Administrative Agent on behalf of the Lenders or the Issuing Lenders under any of

the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral

security until such time as a successor Administrative Agent is appointed) and (ii) except for any

indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, all

payments, communications, and determinations provided to be made by, to, or through the Administrative

Agent shall instead be made by or to each Lender and each Issuing Lender directly, until such time, if

any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the

acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed

to and become vested with all of the rights, powers, privileges, and duties of the retiring or removed

Administrative Agent (other than any rights to indemnity payments or other amounts owed to the retiring

or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as

applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties

and obligations hereunder or under the other Loan Documents. The fees payable by the Borrower to a

successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise

agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s

resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and

Section 11.3 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its

sub-agents, and their respective Related Parties in respect of any actions taken or omitted to be taken by

any of them while the retiring or removed Administrative Agent was acting as Administrative Agent or

relating to its duties as Administrative Agent that are carried out following its retirement or removal,

including, without limitation, any actions taken with respect to acting as collateral agent or otherwise

holding any Collateral on behalf of any of the Secured Parties or in respect of any actions taken in

connection with the transfer of agency to a replacement or successor Administrative Agent.

(d)Any resignation by, or removal of, JPMorgan as Administrative Agent pursuant to this

Section shall also constitute its resignation as an Issuing Lender. Upon the acceptance of a successor’s

appointment as Administrative Agent hereunder, (i) such successor shall succeed to and become vested

with all of the rights, powers, privileges, and duties of the retiring Issuing Lender, if in its sole discretion

it elects to, (ii) the retiring Issuing Lender shall be discharged from all of their respective duties and

obligations hereunder or under the other Loan Documents, and (iii) the successor Issuing Lender, if in its

sole discretion it elects to, shall issue letters of credit in substitution for the Letters of Credit, if any,

outstanding at the time of such succession or make other arrangements satisfactory to the retiring Issuing

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Lender to effectively assume the obligations of the retiring Issuing Lender with respect to such Letters of

Credit.

SECTION 10.7Non-Reliance on Administrative Agent and Other Lenders. Each Lender

and each Issuing Lender expressly acknowledges that none of the Administrative Agent, the Arrangers, or

any of their respective Related Parties has made any representations or warranties to it and that no act

taken or failure to act by the Administrative Agent, any Arranger, or any of their respective Related

Parties, including any consent to, and acceptance of any assignment or review of the affairs of the

Borrower and its Subsidiaries or Affiliates shall be deemed to constitute a representation or warranty of

the Administrative Agent, any Arranger, or any of their respective Related Parties to any Lender, any

Issuing Lender, or any other Secured Party as to any matter, including whether the Administrative Agent,

any Arranger, or any of their respective Related Parties have disclosed material information in their (or

their respective Related Parties’) possession. Each Lender and each Issuing Lender expressly

acknowledges, represents, and warrants to the Administrative Agent and the Arrangers that (a) the Loan

Documents set forth the terms of a commercial lending facility, (b) it is engaged in making, acquiring,

purchasing, or holding commercial loans in the ordinary course and is entering into this Agreement and

the other Loan Documents to which it is a party as a Lender for the purpose of making, acquiring,

purchasing, and/or holding the commercial loans set forth herein as may be applicable to it, and not for

the purpose of making, acquiring, purchasing, or holding any other type of financial instrument, (c) it is

sophisticated with respect to decisions to make, acquire, purchase, or hold the commercial loans

applicable to it and either it or the Person exercising discretion in making its decisions to make, acquire,

purchase, or hold such commercial loans is experienced in making, acquiring, purchasing, or holding

commercial loans, (d) it has, independently and without reliance upon the Administrative Agent, any

Arranger, any other Lender, or any of their respective Related Parties and based on such documents and

information as it has deemed appropriate, made its own credit analysis and appraisal of, and

investigations into, the business, prospects, operations, property, assets, liabilities, financial and other

condition, and creditworthiness of the Borrower and its Subsidiaries, all applicable bank or other

regulatory Applicable Laws relating to the Transactions, and the transactions contemplated by this

Agreement and the other Loan Documents, and (e) it has made its own independent decision to enter into

this Agreement and the other Loan Documents to which it is a party and to extend credit hereunder and

thereunder. Each Lender and each Issuing Lender also acknowledges that (i) it will, independently and

without reliance upon the Administrative Agent, any Arranger, any other Lender, or any of their

respective Related Parties (A) continue to make its own credit analysis, appraisals, and decisions in taking

or not taking action under or based upon this Agreement, any other Loan Document, or any related

agreement or any document furnished hereunder or thereunder based on such documents and information

as it shall from time to time deem appropriate and its own independent investigations and (B) continue to

make such investigations and inquiries as it deems necessary to inform itself as to the Borrower and its

Subsidiaries and (ii) it will not assert any claim in contravention of this Section 10.7.

SECTION 10.8No Other Duties, Etc. Anything herein to the contrary notwithstanding,

none of the syndication agents, documentation agents, co-agents, arrangers, or bookrunners listed on the

cover page hereof or otherwise described herein 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 an Issuing Lender hereunder, but each such Person shall have the

benefit of the indemnities and exculpatory provisions hereof.

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SECTION 10.9Collateral and Guaranty Matters.

(a)Each of the Lenders (including in its or any of its Affiliate’s capacities as a holder of

Secured Hedge Obligations, Secured Bilateral LC Obligations, Secured Supply Chain Financing

Obligations and Secured Cash Management Obligations) irrevocably authorize the Administrative Agent,

at its option and in its discretion:

(i)to release any Lien on any Collateral granted to or held by the Administrative

Agent, for the ratable benefit of the Secured Parties, under any Loan Document (A) upon the

termination of the Commitment and payment in full of all Secured Obligations (other than (1)

contingent reimbursement and indemnification obligations not then due, (2) Secured Hedge

Obligations, (3) Secured Supply Chain Financing Obligations and (4) Secured Cash Management

Obligations, in each case of clauses (2) through (4), for which arrangements satisfactory to the

applicable holder thereof shall have been made) and the expiration or termination of all Letters of

Credit and letters of credit under Secured Bilateral LC Documents (other than Letters of Credit

and letters of credit under Secured Bilateral LC Documents which have been Cash Collateralized

or as to which other arrangements satisfactory to the Administrative Agent and the applicable

issuing lender shall have been made), (B) that is sold or otherwise disposed of or to be sold or

otherwise disposed of as part of or in connection with any sale or other disposition to a Person

other than a Credit Party permitted under the Loan Documents, as certified by the Borrower, or

Section 11.2; provided that any release of all or substantially of the Collateral shall be subject to

Section 11.2(l);

(ii)to subordinate any Lien on any Collateral granted to or held by the

Administrative Agent under any Loan Document to the holder of any Permitted Lien permitted

under to Sections 8.2(j) and 8.2(k) or otherwise permitted to have priority over the Liens created

pursuant to the Loan Documents in accordance with the terms hereof and of the other Loan

Documents; provided that the subordination of all or substantially all of the Collateral shall be

subject to Section 11.2(l); and

(iii)to release any Subsidiary Guarantor from its obligations under any Loan

Documents if such Person ceases to be a Subsidiary as a result of a transaction permitted under

the Loan Documents, as certified by the Borrower; provided that the release of Subsidiary

Guarantors comprising substantially all of the credit support for the Secured Obligations shall be

subject to Section 11.2(k).

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the

Administrative Agent’s authority to release or subordinate its interest in particular types or items of

Property, or to release any Subsidiary Guarantor from its obligations under the Guaranty Agreement

pursuant to this Section 10.9. In each case as specified in this Section 10.9, the Administrative Agent

will, at the Borrower’s expense, execute and deliver to the applicable Credit Party such documents as

such Credit Party may reasonably request to evidence the release of such item of Collateral from the

assignment and security interest granted under the Security Documents or to subordinate its interest in

such item, or to release such Guarantor from its obligations under the Guaranty Agreement, in each case

in accordance with the terms of the Loan Documents and this Section 10.9 as certified by the Borrower.

(b)The Administrative Agent shall not be responsible for or have a duty to ascertain or

inquire into any representation or warranty regarding the existence, value, or collectability of the

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Collateral, the existence, priority, or perfection of the Administrative Agent’s Lien thereon, or any

certificate prepared by any Credit Party in connection therewith, nor shall the Administrative Agent be

responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral.

(c)Notwithstanding anything in this Section or any other Loan Document to the contrary, in

no event shall any Cash Collateral provided with respect to any Extended Letter of Credit be released

without the prior written consent of the applicable Issuing Lender of such Extended Letter of Credit.

SECTION 10.10Secured Hedge Obligations, Secured Bilateral LC Obligations, Secured

Supply Chain Financing Obligations and Secured Cash Management Obligations. No holder of any

Secured Hedge Obligations, Secured Bilateral LC Obligations, Secured Supply Chain Financing

Obligation or Secured Cash Management Obligations, in each case, that obtains the benefits of

Section 9.4 or any Collateral by virtue of the provisions hereof or of any Security Document shall have

any right to notice of any action or to consent to, direct or object to any action hereunder or under any

other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any

Collateral), or to notice of or to consent to any amendment, waiver, or modification of the provisions

hereof or of any Guarantee or any Security Document, other than in its capacity as a Lender and, in such

case, only to the extent expressly provided in the Loan Documents. The Administrative Agent shall not

be required to verify the payment of, or that other satisfactory arrangements have been made with respect

to, Secured Hedge Obligations, Secured Bilateral LC Obligations, Secured Supply Chain Financing

Obligations and Secured Cash Management Obligations. By accepting the benefits of the Collateral, each

Secured Party that is a provider of Cash Management Agreements or a party to any Hedge Agreement,

Secured Bilateral LC Document, or Secured Supply Chain Financing Agreement shall be deemed to have

appointed the Administrative Agent to serve as administrative agent and collateral agent under the Loan

Documents and agreed to be bound by the Loan Documents as a Secured Party thereunder, subject to the

limitations set forth in this paragraph.

SECTION 10.11Certain ERISA Matters.

(a)Each Lender (x) represents and warrants, as of the date such Person became a Lender

party hereto, and (y) covenants, from the date such Person became a Lender party hereto to the date such

Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, each Arranger,

and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or

any other Credit Party, that at least one of the following is and will be true:

(i)such Lender is not using “plan assets” (within the meaning of Section 3(42) of

ERISA or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) of one or

more Benefit Plans with respect to such Lender’s entrance into, participation in, administration

of, and performance of the Loans, the Letters of Credit, the Commitments, or this Agreement;

(ii)the prohibited transaction exemption set forth in one or more PTEs, such as PTE

84-14 (a class exemption for certain transactions determined by independent qualified

professional asset managers), PTE 95-60 (a class exemption for certain transactions involving

insurance company general accounts), PTE 90-1 (a class exemption for certain transactions

involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for

certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption

for certain transactions determined by in-house asset managers), is applicable so as to exempt

from the prohibitions of Section 406 of ERISA and Section 4975 of the Code such Lender’s

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entrance into, participation in, administration of, and performance of the Loans, the Letters of

Credit, the Commitments, and this Agreement;

(iii)(A) such Lender is an investment fund managed by a “Qualified Professional

Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional

Asset Manager made the investment decision on behalf of such Lender to enter into, participate

in, administer, and perform the Loans, the Letters of Credit, the Commitments, and this

Agreement, (C) the entrance into, participation in, administration of, and performance of the

Loans, the Letters of Credit, the Commitments, and this Agreement satisfies the requirements of

subsections (b) through (g) of Part I of PTE 84-14, and (D) to the best knowledge of such Lender,

the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such

Lender’s entrance into, participation in, administration of, and performance of the Loans, the

Letters of Credit, the Commitments, and this Agreement; or

(iv)such other representation, warranty and covenant as may be agreed in writing

between the Administrative Agent, in its sole discretion, and such Lender.

(b)In addition, unless either (1) clause (i) in the immediately preceding clause (a) is true

with respect to a Lender or (2) a Lender has provided another representation, warranty, and covenant in

accordance with clause (iv) in the immediately preceding clause (a), such Lender further (x) represents

and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the

date such Person became a Lender party hereto to the date such Person ceases being a Lender party

hereto, for the benefit of, the Administrative Agent, each Arranger, and their respective Affiliates, and

not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Credit Party, that none

of the Administrative Agent, any Arranger, and their respective Affiliates is a fiduciary with respect to the

assets of such Lender involved in such Lender’s entrance into, participation in, administration of, and

performance of the Loans, the Letters of Credit, the Commitments, and this Agreement (including in

connection with the reservation or exercise of any rights by the Administrative Agent under this

Agreement, any Loan Document, or any documents related hereto or thereto).

SECTION 10.12Erroneous Payments.

(a)Each Lender, each Issuing Lender, each other Secured Party, and any other party hereto

hereby severally agrees that if (i) the Administrative Agent notifies (which such notice shall be conclusive

absent manifest error) such Lender, Issuing Lender, other Secured Party (or the Lender that is an Affiliate

of such Secured Party), or any other Person that has received funds from the Administrative Agent or any

of its Affiliates, either for its own account or on behalf of a Lender, Issuing Lender, or other Secured

Party (each such recipient, a “Payment Recipient”) that the Administrative Agent has determined in its

sole discretion that any funds received by such Payment Recipient were erroneously transmitted to, or

otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such

Payment Recipient) or (ii) any Payment Recipient receives any payment from the Administrative Agent

(or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in

a notice of payment, prepayment, or repayment sent by the Administrative Agent (or any of its Affiliates)

with respect to such payment, prepayment, or repayment, as applicable, (y) that was not preceded or

accompanied by a notice of payment, prepayment, or repayment sent by the Administrative Agent (or any

of its Affiliates) with respect to such payment, prepayment, or repayment, as applicable, or (z) that such

Payment Recipient otherwise becomes aware was transmitted or received in error or by mistake (in whole

or in part) then, in each case, an error in payment shall be presumed to have been made (any such

amounts specified in clause (i) or (ii) of this Section 10.12(a), whether received as a payment, prepayment

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or repayment of principal, interest, fees, distribution, or otherwise; individually and collectively, an

“Erroneous Payment”), then, in each case, such Payment Recipient is deemed to have knowledge of such

error at the time of its receipt of such Erroneous Payment; provided that nothing in this Section shall

require the Administrative Agent to provide any of the notices specified in clause (i) or (ii) above. Each

Payment Recipient agrees that it shall not assert any right or claim to any Erroneous Payment, and hereby

waives any claim, counterclaim, defense, or right of set-off or recoupment with respect to any demand,

claim, or counterclaim by the Administrative Agent for the return of any Erroneous Payments, including

without limitation waiver of any defense based on “discharge for value” or any similar doctrine.

(b)Without limiting the immediately preceding clause (a), each Payment Recipient agrees

that, in the case of clause (a)(ii) above, it shall promptly notify the Administrative Agent in writing of

such occurrence.

(c)In the case of either clause (a)(i) or (a)(ii) above, such Erroneous Payment shall at all

times remain the Property of the Administrative Agent and shall be segregated by the Payment Recipient

and held in trust for the benefit of the Administrative Agent, and upon demand from the Administrative

Agent such Payment Recipient shall (or, shall cause any Person who received any portion of an Erroneous

Payment on its behalf to), promptly, but in all events no later than one (1) Business Day thereafter, return

to the Administrative Agent the amount of any such Erroneous Payment (or portion thereof) as to which

such a demand was made in same day funds and in the currency so received, together with interest

thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof)

was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent at

the Overnight Rate.

(d)In the event that an Erroneous Payment (or portion thereof) is not recovered by the

Administrative Agent for any reason, after demand therefor by the Administrative Agent in accordance

with immediately preceding clause (c), from any Lender that is a Payment Recipient or an Affiliate of a

Payment Recipient (such unrecovered amount as to such Lender, an “Erroneous Payment Return

Deficiency”), then at the sole discretion of the Administrative Agent and upon the Administrative Agent’s

written notice to such Lender (i) such Lender shall be deemed to have made a cashless assignment of the

full face amount of the portion of its Loans (but not its Commitments) with respect to which such

Erroneous Payment was made (the “Erroneous Payment Impacted Loans”) to the Administrative Agent

or, at the option of the Administrative Agent, the Administrative Agent’s applicable lending affiliate in an

amount that is equal to the Erroneous Payment Return Deficiency (or such lesser amount as the

Administrative Agent may specify) (such assignment of the Loans (but not Commitments) of the

Erroneous Payment Impacted Loans, the “Erroneous Payment Deficiency Assignment”) plus any accrued

and unpaid interest on such assigned amount, without further consent or approval of any party hereto and

without any payment by the Administrative Agent or its applicable lending affiliate as the assignee of

such Erroneous Payment Deficiency Assignment. The parties hereto acknowledge and agree that (1) any

assignment contemplated in this clause (d) shall be made without any requirement for any payment or

other consideration paid by the applicable assignee or received by the assignor, (2) the provisions of this

clause (d) shall govern in the event of any conflict with the terms and conditions of Section 11.9, and (3)

the Administrative Agent may reflect such assignments in the Register without further consent or action

by any other Person.

(e)Each party hereto hereby agrees that (x) in the event an Erroneous Payment (or portion

thereof) is not recovered from any Payment Recipient that has received such Erroneous Payment (or

portion thereof) for any reason, the Administrative Agent (1) shall be subrogated to all the rights of such

Payment Recipient with respect to such amount and (2) is authorized to set off, net, and apply any and all

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amounts at any time owing to such Payment Recipient under any Loan Document, or otherwise payable

or distributable by the Administrative Agent to such Payment Recipient from any source, against any

amount due to the Administrative Agent under this Section 10.12 or under the indemnification provisions

of this Agreement, (y) the receipt of an Erroneous Payment by a Payment Recipient shall not for the

purpose of this Agreement be treated as a payment, prepayment, repayment, discharge, or other

satisfaction of any Obligations owed by the Borrower or any other Credit Party, except, in each case, to

the extent such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment

that is, comprised of funds received by the Administrative Agent from the Borrower or any other Credit

Party for the purpose of making a payment on the Obligations, and (z) to the extent that an Erroneous

Payment was in any way or at any time credited as payment or satisfaction of any of the Obligations, the

Obligations or any part thereof that were so credited, and all rights of the Payment Recipient, as the case

may be, shall be reinstated and continue in full force and effect as if such payment or satisfaction had

never been received.

(f)Each party’s obligations under this Section 10.12 shall survive the resignation or

replacement of the Administrative Agent or any transfer of right or obligations by, or the replacement of,

a Lender, the termination of the Commitments or the repayment, satisfaction, or discharge of all

Obligations (or any portion thereof) under any Loan Document.

(g)Nothing in this Section 10.12 will constitute a waiver or release of any claim of the

Administrative Agent hereunder arising from any Payment Recipient’s receipt of an Erroneous Payment.

SECTION 10.13Acknowledgment Regarding Information. The Lenders acknowledge

that there may be a constant flow of information (including information which may be subject to

confidentiality obligations in favor of the Credit Parties) between the Credit Parties and their Affiliates,

on the one hand, and JPMorgan and its Affiliates, on the other hand. Without limiting the foregoing, the

Credit Parties or their Affiliates may provide information, including updates to previously provided

information, to JPMorgan and/or its Affiliates acting in different capacities, including as Lender, lead

bank, arranger, or potential securities investor, independent of such entity’s role as Administrative Agent

hereunder. The Lenders acknowledge that neither JPMorgan nor its Affiliates shall be under any

obligation to provide any of the foregoing information to them. Notwithstanding anything to the contrary

set forth herein or in any other Loan Document, except for notices, reports, and other documents

expressly required to be furnished to the Lenders by the Administrative Agent herein, the Administrative

Agent shall not have any duty or responsibility to provide, and shall not be liable for the failure to

provide, any Lender with any credit or other information concerning the Loans, the Lenders, the business,

prospects, operations, property, financial and other condition or creditworthiness of any of the Credit

Parties or any of their respective Affiliates that is communicated to, obtained by, or in the possession of,

the Administrative Agent or any of its Affiliates in any capacity, including any information obtained by

the Administrative Agent in the course of communications among the Administrative Agent and any

Credit Party, any Affiliate thereof, or any other Person.

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ARTICLE XI

MISCELLANEOUS

SECTION 11.1Notices.

(a)Notices Generally. Except in the case of notices and other communications expressly

permitted to be given by telephone (and except as provided in clause (b) below), all notices and other

communications provided for herein shall be in writing and shall be delivered by hand or overnight

courier service, mailed by certified or registered mail, or sent by facsimile as follows:

(i)If to the Borrower:

c/o Oceaneering International, Inc.

5875 N. Sam Houston Pkwy. W., Suite 400

Houston, TX 77086

Attention of: Ryan Amort

Telephone No.: (346) 287-1501

E-mail: [email protected]; with a copy to [email protected]

With copies to:

Baker Botts L.L.P.

2001 Ross Ave., Suite 900

Dallas, TX 75201

Attention of: Luke Weedon

Telephone No.: (214) 953-6970

E-mail: [email protected]

(ii)if to the Administrative Agent from the Borrower, to the address or addresses

separately provided to the Borrower;

(iii)if to the Administrative Agent from the Lenders, to the address or addresses

separately provided to the Lenders;

(iv)if to an Issuing Lender, to it at the address separately provided to the Borrower;

and

(v)if to any Lender, to the address of such Lender set forth on the Register with

respect to deliveries of notices and other documentation that may contain material non-public

information.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall

be deemed to have been given when received; notices sent by facsimile shall be deemed to have been

given when sent (except that, if not given during normal business hours for the recipient, shall be deemed

to have been given at the opening of business on the next Business Day for the recipient). Notices

delivered through the Platform or Approved Borrower Portal, to the extent provided in clause (b) below,

shall be effective as provided in said clause (b).

(b)Electronic Communications. Notices and other communications to the Borrower, the

Lenders, the Administrative Agent and the Issuing Lenders hereunder may be delivered or furnished by

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using a Platform or Approved Borrower Portal (as applicable), in each case, pursuant to procedures

approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to

Article II or III unless otherwise agreed by the Administrative Agent and the applicable Lender. The

Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other

communications to it hereunder by electronic communications pursuant to procedures approved by it;

provided that approval of such procedures may be limited to particular notices or communications.

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-

mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the

intended recipient (such as by the “return receipt requested” function, as available, return e-mail, or other

written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website

shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as

described in the foregoing clause (i) of notification that such notice or communication is available and

identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such notice,

email or other communication is not sent during the normal business hours of the recipient, such notice,

email or other communication shall be deemed to have been sent at the opening of business on the next

Business Day for the recipient.

(c)Administrative Agent’s Office. The Administrative Agent hereby designates its office

located at the address set forth above, or any subsequent office which shall have been specified for such

purpose by written notice to the Borrower and Lenders, as the Administrative Agent’s Office referred to

herein, to which payments due are to be made and at which Loans will be disbursed and Letters of Credit

requested.

(d)Change of Address, Etc. Each of the Borrower, the Administrative Agent, or any Issuing

Lender may change its address or other contact information for notices and other communications

hereunder by notice to the other parties hereto. Any Lender may change its address or facsimile number

for notices and other communications hereunder by notice to the Borrower, the Administrative Agent, and

each Issuing Lender.

(e)Platform.

(i)Each Credit Party, each Lender, and each Issuing Lender agrees that the

Administrative Agent may, but shall not be obligated to, make the Borrower Materials available

to the Issuing Lenders and the other Lenders by posting the Borrower Materials on the Platform.

The Borrower acknowledges and agrees that the DQ List shall be deemed suitable for posting and

may be posted by the Administrative Agent on the Platform, including the portion of the Platform

that is designated for Public Lenders.

(ii)THE PLATFORM AND THE COMMUNICATIONS ARE PROVIDED “AS

IS” AND “AS AVAILABLE”. THE APPLICABLE PARTIES (AS DEFINED BELOW) DO

NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS,

OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY

FOR ERRORS OR OMISSIONS IN THE PLATFORM AND THE COMMUNICATIONS. 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 THE APPLICABLE PARTIES IN CONNECTION WITH

THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE

ADMINISTRATIVE AGENT, ANY ARRANGER OR ANY OF THEIR RESPECTIVE

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RELATED PARTIES (COLLECTIVELY, “APPLICABLE PARTIES”) HAVE ANY

LIABILITY TO ANY CREDIT PARTY, ANY LENDER, ANY ISSUING LENDER OR ANY

OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR

INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR

EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY

CREDIT PARTY’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF

COMMUNICATIONS THROUGH THE INTERNET OR THE PLATFORM.

(iii)“Communications” means, collectively, any notice, demand, communication,

information, document or other material provided by or on behalf of any Credit Party pursuant to

any Loan Document or the transactions contemplated therein which is distributed by the

Administrative Agent, any Lender or any Issuing Lender by means of electronic communications

pursuant to this Section, including through a Platform.

(f)Private Side Designation. Each Public Lender agrees to cause at least one individual at or

on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar

designation on the content declaration screen of the Platform in order to enable such Public Lender or its

delegate, in accordance with such Public Lender’s compliance procedures and Applicable Law, including

United States federal and state securities Applicable Laws, to make reference to Borrower Materials that

are not made available through the “Public Side Information” portion of the Platform and that may

contain material non-public information with respect to the Borrower or its securities for purposes of

United States federal or state securities Applicable Laws.

(g)Borrower Communications.

(i)The Administrative Agent, the Lenders and the Issuing Lenders agree that the

Borrower may, but shall not be obligated to, make any Borrower Communications to the

Administrative Agent through an electronic platform chosen by the Administrative Agent to be its

electronic transmission system (the “Approved Borrower Portal”).

(ii)Although the Approved Borrower Portal and its primary web portal are secured

with generally-applicable security procedures and policies implemented or modified by the

Administrative Agent from time to time (including, as of the Amendment No. 2 Effective Date, a

user ID/password authorization system), each of the Lenders, each of the Issuing Lenders and the

Borrower acknowledges and agrees that the distribution of material through an electronic medium

is not necessarily secure, that the Administrative Agent is not responsible for approving or vetting

the representatives or contacts of the Borrower that are added to the Approved Borrower Portal,

and that there may be confidentiality and other risks associated with such distribution. Each of

the Lenders, each of the Issuing Lenders and the Borrower hereby approves distribution of

Borrower Communications through the Approved Borrower Portal and understands and assumes

the risks of such distribution.

(iii)THE APPROVED BORROWER PORTAL IS PROVIDED “AS IS” AND “AS

AVAILABLE”. THE APPLICABLE PARTIES DO NOT WARRANT THE ACCURACY OR

COMPLETENESS OF THE BORROWER COMMUNICATION, OR THE ADEQUACY OF

THE APPROVED BORROWER PORTAL AND EXPRESSLY DISCLAIM LIABILITY FOR

ERRORS OR OMISSIONS IN THE APPROVED BORROWER PORTAL AND THE

BORROWER COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS,

IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY,

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FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY

RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE

APPLICABLE PARTIES IN CONNECTION WITH THE BORROWER COMMUNICATIONS

OR THE APPROVED BORROWER PORTAL. IN NO EVENT SHALL THE APPLICABLE

PARTIES HAVE ANY LIABILITY TO ANY CREDIT PARTY, ANY LENDER, ANY

ISSUING LENDER OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY

KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR

CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT,

CONTRACT OR OTHERWISE) ARISING OUT OF THE BORROWER’S TRANSMISSION

OF BORROWER COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED

BORROWER PORTAL.

(iv)“Borrower Communications” means, collectively, any Notice of Borrowing,

Notice of Account Designation, Notice of Conversion/Continuation, Notice of Prepayment, Letter

of Credit Application, notice requesting the issuance, amendment or extension of a Letter of

Credit or other notice, demand, communication, information, document or other material

provided by or on behalf of any Credit Party pursuant to any Loan Document or the transactions

contemplated therein which is distributed by the Borrower to the Administrative Agent through

an Approved Borrower Portal.

(v)Each of the Lenders, each of the Issuing Lenders and the Borrower agrees that

the Administrative Agent may, but (except as may be required by applicable law) shall not be

obligated to, store the Borrower Communications on the Approved Borrower Portal in

accordance with the Administrative Agent’s generally applicable document retention procedures

and policies.

(vi)Nothing herein shall prejudice the right of the Borrower to give any notice or

other communication pursuant to any Loan Document in any other manner specified in such Loan

Document.

SECTION 11.2Amendments, Waivers and Consents. Except as set forth below or as

specifically provided in any Loan Document (including Section 4.8(c)), any term, covenant, agreement, or

condition of this Agreement or any of the other Loan Documents may be amended or waived by the

Lenders, and any consent given by the Lenders, if, but only if, such amendment, waiver, or consent is in

writing and approved by the Required Lenders (or by the Administrative Agent with the consent of the

Required Lenders) and delivered to the Administrative Agent and, in the case of an amendment, signed by

the Borrower; provided, that no amendment, waiver, or consent shall:

(a)amend, modify, or waive (i) Section 5.2 or any other provision of this Agreement if the

effect of such amendment, modification, or waiver is to require the Lenders (pursuant to, in the case of

any such amendment to a provision hereof other than Section 5.2, any substantially concurrent request by

the Borrower for a borrowing of Loans or issuance of Letters of Credit) to make Loans when such

Lenders would not otherwise be required to do so or (ii) the amount of the L/C Sublimit, in each case

without the written consent of the Required Lenders;

(b)(i) subordinate any of the Obligations in right of payment or otherwise adversely affect

the priority of payment of any of such Obligations, (ii) subordinate any of the Liens securing the

Obligations, or (iii) agree to allow any Indebtedness to have a position in any agreement or priority

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waterfall that is senior to the position of any of the Secured Obligations, in each case without the consent

of each of the Lenders directly affected thereby;

(c)increase or extend the Commitment of any Lender (or reinstate any Commitment

terminated pursuant to Section 9.2) or increase the amount of Loans of any Lender, in any case, without

the written consent of such Lender;

(d)waive, extend or postpone any date fixed by this Agreement or any other Loan Document

for any payment of principal, interest, fees, or other amounts due to the Lenders (or any of them)

hereunder or under any other Loan Document without the written consent of each Lender directly and

adversely affected thereby;

(e)reduce the principal of, or the rate of interest specified herein on, any Loan or

Reimbursement Obligation, or (subject to clauses (iv) and (viii) of the proviso set forth in the paragraph

below) any fees or other amounts payable hereunder or under any other Loan Document; provided that

only the consent of the Required Lenders shall be necessary to waive any obligation of the Borrower to

pay interest at the rate set forth in Section 4.1(b) during the continuation of an Event of Default;

(f)change Section 4.6 or Section 9.4 (or amend any other term of the Loan Documents that

would have the effect of changing Section 4.6 or Section 9.4) in a manner that would alter the pro rata

sharing of payments, the order of application required thereby, or the pro rata treatment of the Lenders,

generally, without the written consent of each Lender directly and adversely affected thereby;

(g) except as otherwise permitted by this Section 11.2, change any provision of this Section

or reduce the percentages specified in the definitions of “Required Lenders,” or any other provision

hereof specifying the number or percentage of Lenders required to amend, waive, or otherwise modify

any rights hereunder or make any determination or grant any consent hereunder, without the written

consent of each Lender directly and adversely affected thereby;

(h)impose any greater restriction on the ability of any Lender to assign any of its rights or

obligations hereunder without the written consent of the Required Lenders;

(i)consent to the assignment or transfer by any Credit Party of such Credit Party’s rights and

obligations under any Loan Document to which it is a party (except as permitted pursuant to Section 8.4),

in each case, without the written consent of each Lender;

(j)release (i) all of the Subsidiary Guarantors or (ii) Subsidiary Guarantors comprising all or

substantially all of the credit support for the Secured Obligations, in any case, from the Guaranty

Agreement, without the written consent of each Lender; or

(k)release all or substantially all of the Collateral or release or subordinate any Security

Document (or any Lien created thereby) which would have the effect of releasing all or substantially all

of the Collateral without the written consent of each Lender;

provided, further, that (i) no amendment, waiver, or consent shall, unless in writing and signed by each

affected Issuing Lender in addition to the Lenders required above, affect the rights or duties of such

Issuing Lender under this Agreement (including Section 10.9(c)) or any Letter of Credit Documents

relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver, or consent shall,

unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect

the rights or duties of the Administrative Agent under this Agreement or any other Loan Document or

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modify Section 11.1(e), Section 11.20, or Article X hereof; (iii) each Fee Letter may be amended, or

rights or privileges thereunder waived, in a writing executed only by the parties thereto, (iv) each Letter

of Credit Document and each cash collateral agreement or other document entered into in connection with

an Extended Letter of Credit may be amended, or rights or privileges thereunder waived, in a writing

executed only by the parties thereto; provided that a copy of such amended Letter of Credit Document,

cash collateral agreement, or other document, as the case may be, shall be promptly delivered to the

Administrative Agent upon such amendment or waiver, (v) the Administrative Agent and the Borrower

shall be permitted to amend any provision of the Loan Documents (and such amendment shall become

effective without any further action or consent of any other party to any Loan Document) if the

Administrative Agent and the Borrower shall have jointly identified an obvious error or any error,

ambiguity, defect, or inconsistency, or omission of a technical or immaterial nature in any such provision,

(vi) the Administrative Agent (and, if applicable, the Borrower) may, without the consent of any Lender,

enter into amendments or modifications to this Agreement or any of the other Loan Documents or to enter

into additional Loan Documents in order to implement any Benchmark Replacement or any Conforming

Changes or otherwise effectuate the terms of Section 4.8(c) in accordance with the terms of Section

4.8(c), and (vii) the Administrative Agent and the Borrower (or other applicable Credit Party) may enter

into any amendment or modification of this Agreement or any other Loan Document or enter into any

agreement or instrument to effect the granting, perfection, protection, expansion, or enhancement of any

security interest in any Collateral or Property to become Collateral to secure the Secured Obligations for

the benefit of the Lenders or as required by any Applicable Law to give effect to, protect, or otherwise

enhance the rights or benefits of the Lenders under the Loan Documents without the consent of any

Lender. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to

approve or disapprove any amendment, waiver, or consent hereunder, except that (A) the Commitment of

such Lender may not be increased or extended without the consent of such Lender and (B) any

amendment, waiver, or consent hereunder which requires the consent of all Lenders or each affected

Lender that by its terms disproportionately and adversely affects any such Defaulting Lender relative to

other affected Lenders shall require the consent of such Defaulting Lender.

Notwithstanding anything in this Agreement to the contrary, each Lender hereby irrevocably authorizes

the Administrative Agent on its behalf, and without further consent of any Lender (but with the consent of

the Borrower and the Administrative Agent), to (x) amend and restate this Agreement and the other Loan

Documents if, upon giving effect to such amendment and restatement, such Lender shall no longer be a

party to this Agreement (as so amended and restated), the Commitments of such Lender shall have

terminated, such Lender shall have no other commitment or other obligation hereunder and shall have

been paid in full all principal, interest, and other amounts owing to it or accrued for its account under this

Agreement and the other Loan Documents and (y) enter into amendments or modifications to this

Agreement (including amendments to this Section 11.2) or any of the other Loan Documents or to enter

into additional Loan Documents as the Administrative Agent reasonably deems appropriate in order to

effectuate the terms of Section 4.13 (including as applicable, (1) to permit the Incremental Increases to

share ratably in the benefits of this Agreement and the other Loan Documents and (2) to include an

Incremental Increase, as applicable, in any determination of (i) Required Lenders or (ii) similar required

lender terms applicable thereto); provided that no amendment or modification shall result in any increase

in the amount of any Lender’s Commitment or any increase in any Lender’s Commitment Percentage, in

each case, without the written consent of such affected Lender.

SECTION 11.3Expenses; Indemnity.

(a)Costs and Expenses. The Borrower and each other Credit Party, jointly and severally,

shall pay (i) all reasonable out of pocket expenses incurred by the Administrative Agent and its Affiliates

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(including the reasonable fees, charges, and disbursements of one firm of counsel for the Administrative

Agent and its Affiliates (and, solely in the case of an actual or potential conflict of interest, one additional

firm of counsel to all affected parties, taken as a whole) and, if reasonably necessary, one local firm of

counsel for the Administrative Agent and its Affiliates in any relevant jurisdiction (and, solely in the case

of an actual or potential conflict of interest, one additional local firm of counsel to all affected parties,

taken as a whole, in each relevant jurisdiction)), in connection with the syndication of the Credit Facility,

the preparation, negotiation, execution, delivery, and administration of this Agreement and the other Loan

Documents or any amendments, modifications, or waivers of the provisions hereof or thereof (whether or

not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out of

pocket expenses incurred by any Issuing Lender in connection with the issuance, amendment, renewal, or

extension of any Letter of Credit or any demand for payment thereunder, and (iii) all out of pocket

expenses incurred by the Administrative Agent, any Lender, or any Issuing Lender (including the fees,

charges, and disbursements of any counsel for the Administrative Agent, any Lender, or any Issuing

Lender), in connection with the enforcement or protection of its rights (A) in connection with this

Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection

with the Loans made or Letters of Credit issued hereunder, including all such out of pocket expenses

incurred during any workout, restructuring, negotiations or legal proceedings in respect of such Loans or

Letters of Credit.

(b)Indemnification by the Borrower. The Borrower shall, and does hereby, indemnify

the Administrative Agent (and any sub-agent thereof), each Arranger, each Lender, each Issuing

Lender, and each Related Party of any of the foregoing Persons (each such Person being called an

“Indemnitee”) against, and hold each Indemnitee harmless from, and shall pay or reimburse any

such Indemnitee for, any and all losses, claims (including any Environmental Claims), penalties,

damages, liabilities, and related expenses (including the reasonable and documented out-of-pocket

fees, charges, and disbursements of any counsel (but limited, in the case of legal fees and expenses,

to one firm of counsel to the Indemnitees, taken as a whole, and, in the case of an actual or potential

conflict of interest, one additional firm of counsel to all affected Indemnitees, taken as a whole (and,

if reasonably necessary, of one local firm of counsel in any relevant jurisdictions to all such Persons,

taken as a whole, and, in the case of an actual or potential conflict of interest, one additional local

firm of counsel to all affected Indemnitees, taken as a whole)) for any Indemnitee), incurred by any

Indemnitee or asserted against any Indemnitee by any Person (including the Borrower or any other

Credit Party), arising out of, in connection with, or as a result of (i) the execution or delivery of this

Agreement, any other Loan Document, or any agreement or instrument contemplated hereby or

thereby, the performance by the parties hereto of their respective obligations hereunder or

thereunder, or the consummation of the transactions contemplated hereby or thereby (including

the Transactions), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds

therefrom (including any refusal by any Issuing Lender to honor a demand for payment under a

Letter of Credit if the documents presented in connection with such demand do not strictly comply

with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous

Substances on or from any Property owned or operated by any Credit Party or any Subsidiary

thereof, or any Environmental Claim related in any way to any Credit Party or any Subsidiary,

(iv) any actual or prospective claim, litigation, investigation, or proceeding relating to any of the

foregoing, whether based on contract, tort, or any other theory, whether brought by a third party

or by any Credit Party or any Subsidiary thereof, and regardless of whether any Indemnitee is a

party thereto, or (v) any claim (including any Environmental Claims), investigation, litigation, or

other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and

the prosecution and defense thereof, arising out of or in any way connected with the Loans, this

Agreement, any other Loan Document, or any documents contemplated by or referred to herein or

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therein or the transactions contemplated hereby or thereby, including reasonable attorneys’ and

consultants’ fees; provided that such indemnity shall not, as to any Indemnitee, be available to the

extent that such losses, claims, damages, liabilities, or related expenses (A) are determined by a

court of competent jurisdiction by final and non-appealable judgment to have resulted from the

gross negligence or willful misconduct of such Indemnitee, (B) result from a claim brought by any

Credit Party or any Subsidiary thereof against an Indemnitee for breach in bad faith of such

Indemnitee’s obligations hereunder or under any other Loan Document, if such Credit Party or

such Subsidiary has obtained a final and non-appealable judgment in its favor on such claim as

determined by a court of competent jurisdiction, or (C) a claim brought by one Lender against

another Lender (in each case, solely in their respective capacities as a Lender hereunder and not as

an arranger, bookrunner, the Administrative Agent, or an Issuing Lender) so long as such claim

does not involve, or result from, an action or inaction by any Credit Party or any Related Party of

any Credit Party as determined by a final non-appealable judgment of a court of competent

jurisdiction. This Section 11.3(b) shall not apply with respect to Taxes other than any Taxes that

represent losses, claims, damages, etc. arising from any non-Tax claim.

(c)Reimbursement by Lenders. To the extent that the Borrower for any reason fails to

indefeasibly pay any amount required under clause (a) or (b) of this Section to be paid by it to the

Administrative Agent (or any sub-agent thereof), any Arranger, any Issuing Lender, or any Related Party

of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such

sub-agent), such Arranger, such Issuing Lender, or such Related Party, as the case may be, such Lender’s

pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment

is sought based on each Lender’s share of the aggregate Total Credit Exposure at such time, or if the

aggregate Total Credit Exposure has been reduced to zero, then based on such Lender’s share of the

aggregate Total Credit Exposure immediately prior to such reduction) of such unpaid amount (including

any such unpaid amount in respect of a claim asserted by such Lender); provided that with respect to such

unpaid amounts owed to any Issuing Lender solely in its capacity as such, only the Lenders shall be

required to pay such unpaid amounts, such payment to be made severally among them based on such

Lenders’ Commitment Percentage (determined as of the time that the applicable unreimbursed expense or

indemnity payment is sought or, if the Commitment has been reduced to zero as of such time, determined

immediately prior to such reduction); provided, further, that the unreimbursed expense or indemnified

loss, claim, damage, liability, or related expense, as the case may be, was incurred by or asserted against

the Administrative Agent (or any such sub-agent), such Arranger, or such Issuing Lender in its capacity as

such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any

such sub-agent), such Arranger, or such Issuing Lender in connection with such capacity. The obligations

of the Lenders under this clause (c) are subject to the provisions of Section 4.7.

(d)Waiver of Consequential Damages, Etc. TO THE FULLEST EXTENT PERMITTED

BY APPLICABLE LAW, THE PARTIES HERETO SHALL NOT ASSERT, AND HEREBY

WAIVE, ANY CLAIM AGAINST ANY OTHER PARTY HERETO, ON ANY THEORY OF

LIABILITY, FOR SPECIAL, INDIRECT, CONSEQUENTIAL, OR PUNITIVE DAMAGES (AS

OPPOSED TO DIRECT OR ACTUAL DAMAGES) ARISING OUT OF, IN CONNECTION

WITH, OR AS A RESULT OF, THIS AGREEMENT, THE OTHER LOAN DOCUMENTS, ANY

AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY OR THEREBY, THE

TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, ANY LOAN OR LETTER OF

CREDIT, OR THE USE OF THE PROCEEDS THEREOF; PROVIDED THAT THIS WAIVER

AND AGREEMENT SHALL NOT LIMIT THE CREDIT PARTIES’ INDEMNIFICATION

OBLIGATIONS TO THE EXTENT SET FORTH IN THIS AGREEMENT OR THE OTHER

LOAN DOCUMENTS TO THE EXTENT SUCH SPECIAL, INDIRECT, CONSEQUENTIAL, OR

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PUNITIVE DAMAGES ARE INCLUDED IN ANY THIRD PARTY CLAIM IN CONNECTION

WITH WHICH SUCH INDEMNITEE IS OTHERWISE ENTITLED TO INDEMNIFICATION

HEREUNDER OR THEREUNDER. NO INDEMNITEE REFERRED TO IN CLAUSE (b)

ABOVE SHALL BE LIABLE FOR ANY DAMAGES ARISING FROM THE USE BY

UNINTENDED RECIPIENTS OF ANY INFORMATION OR OTHER MATERIALS

DISTRIBUTED BY IT THROUGH TELECOMMUNICATIONS, ELECTRONIC, OR OTHER

INFORMATION TRANSMISSION SYSTEMS IN CONNECTION WITH THIS AGREEMENT

OR THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED

HEREBY OR THEREBY OTHER THAN FOR DIRECT OR ACTUAL DAMAGES RESULTING

FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE

AS DETERMINED BY A FINAL AND NONAPPEALABLE JUDGMENT OF A COURT OF

COMPETENT JURISDICTION.

(e)Payments. All amounts due under this Section shall be payable promptly after demand

therefor.

(f)Survival. Each party’s obligations under this Section shall survive the termination of the

Loan Documents and payment of the obligations hereunder.

SECTION 11.4Right of Setoff. If an Event of Default shall have occurred and be

continuing, each Lender, each Issuing Lender, and each of their respective Affiliates is hereby authorized

at any time and from time to time to the fullest extent permitted by Applicable Law, to setoff 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, such Issuing

Lender, or any such Affiliate to or for the credit or the account of the Borrower or any other Credit Party

against any and all of the obligations of the Borrower or such Credit Party now or hereafter existing under

this Agreement or any other Loan Document to such Lender, such Issuing Lender, or any of their

respective Affiliates, irrespective of whether or not such Lender, such Issuing Lender, or any such

Affiliate shall have made any demand under this Agreement or any other Loan Document and although

such obligations of the Borrower or such Credit Party may be contingent or unmatured or are owed to a

branch or office of such Lender, such Issuing Lender, or such Affiliate different from the branch, office,

or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any

Defaulting Lender or any Affiliate thereof shall exercise any such right of setoff, (x) all amounts so setoff

shall be paid over immediately to the Administrative Agent for further application in accordance with the

provisions of Section 4.15 and, pending such payment, shall be segregated by such Defaulting Lender or

Affiliate of a Defaulting Lender from its other funds and deemed held in trust for the benefit of the

Administrative Agent, the Issuing Lenders, and the Lenders, and (y) the Defaulting Lender or its Affiliate

shall provide promptly to the Administrative Agent a statement describing in reasonable detail the

Secured Obligations owing to such Defaulting Lender or any of its Affiliates as to which such right of

setoff was exercised. The rights of each Lender, each Issuing Lender, and their respective Affiliates

under this Section are in addition to other rights and remedies (including other rights of setoff) that such

Lender, such Issuing Lender, or their respective Affiliates may have. Each Lender and such Issuing

Lender agree to notify the Borrower and the Administrative Agent promptly after any such setoff and

application; provided that the failure to give such notice shall not affect the validity of such setoff and

application.

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SECTION 11.5Governing Law; Jurisdiction, Etc.