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Exhibit 10.2

JOINDER AGREEMENT AND FIRST AMENDMENT TO CREDIT AGREEMENT

JOINDER AGREEMENT AND FIRST AMENDMENT TO CREDIT AGREEMENT,

dated as of September 5, 2025 (this “Amendment”), by and among each of the undersigned Lenders (each,

an “Amendment No. 1 Incremental Lender”), Accelevation Intermediate LLC, a Delaware limited liability

company (“Holdings”), Accelevation Buyer LLC, a Delaware limited liability company (“Intermediate

Holdings”), Accelevation LLC, a Delaware limited liability company (the “Borrower”), and MidCap

Financial Trust, as the Administrative Agent.

RECITALS:

WHEREAS, reference is hereby made to the Credit Agreement, dated as of January 2,

2025 (as amended, restated, supplemented or otherwise modified from time to time, including pursuant to

this Amendment, the “Credit Agreement”), among Holdings, Intermediate Holdings, the Borrower, the

several lenders from time to time parties thereto (each a “Lender” and, collectively, the “Lenders”) and

MidCap Financial Trust, as the Administrative Agent (capitalized terms used but not defined herein having

the meaning provided in the Credit Agreement);

WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrower

may establish New Term Loan Commitments and New Revolving Credit Commitments pursuant to Section

2.14 of the Credit Agreement by, among other things, entering into one or more Joinder Agreements with

New Term Loan Lenders and New Revolving Loan Lenders;

WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrower

may amend the Credit Agreement in the manner contemplated by Section 2 of this Amendment with the

consent of the Amendment No. 1 Incremental Lenders.

NOW, THEREFORE, in consideration of the premises and agreements, provisions and

covenants herein contained, and subject to the satisfaction of the conditions set forth in Section 3 hereof,

the parties hereto agree as follows:

Each (i) New Term Loan Lender (each such Lender, an “Amendment No. 1 Incremental

Term Loan Lender”) party hereto hereby agrees to commit to provide its respective New Term Loan

Commitment as set forth on Schedule A.I. annexed hereto (such commitments, the “Amendment No. 1

Incremental Term Loan Commitments” and such Term Loans in respect thereof, the “Amendment No. 1

Incremental Term Loans”) and (ii) New Revolving Loan Lender (each such Lender, an “Amendment No.

1 Incremental Revolving Credit Lender”) party hereto hereby agrees to commit to provide its respective

New Revolving Credit Commitment as set forth on Schedule A.II annexed hereto (such commitments, the

“Amendment No. 1 Incremental Revolving Credit Commitments” and such Revolving Credit Loans in

respect thereof, the “Amendment No. 1 Incremental Revolving Loans”).

Each Amendment No. 1 Incremental Lender (i) confirms that it has received a copy of the

Credit Agreement and the other Credit Documents and the schedules and exhibits attached thereto, together

with copies of the financial statements referred to therein and such other documents and information as it

has deemed appropriate to make its own credit analysis and decision to enter into this Amendment; (ii)

agrees that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent,

any Letter of Credit Issuer, any other Amendment No. 1 Incremental Lender, or any other Lender or Agent

and based on such documents and information as it shall deem appropriate at the time, continue to make its

own credit decisions in taking or not taking action under the Credit Agreement; (iii) appoints and authorizes

the Administrative Agent and the Collateral Agent to take such action as agent on its behalf and to exercise

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such powers under the Credit Agreement and the other Credit Documents as are delegated to the

Administrative Agent or the Collateral Agent, as the case may be, by the terms thereof, together with such

powers as are reasonably incidental thereto; and (iv) agrees that it will perform in accordance with their

terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it

as a New Term Loan Lender or a New Revolving Loan Lender, as applicable.

Each New Term Loan Lender hereby agrees to make its Amendment No. 1 Incremental

Term Loan in accordance with its respective Amendment No. 1 Incremental Term Loan Commitment and

each New Revolving Loan Lender hereby agrees to provide its respective Amendment No. 1 Incremental

Revolving Credit Commitment, in each case, on the following terms and conditions:

1.Terms.

(a)The Amendment No. 1 Incremental Term Loans shall be “fungible” with the Initial Term

Loans and shall have the same terms as the Initial Term Loans except as expressly set forth

in the Credit Documents. The Term Loans made pursuant to the Amendment No. 1

Incremental Term Loan Commitments shall be added to (and form part of) each Borrowing

of outstanding Initial Term Loans on a pro rata basis (based on the principal amount of

each Borrowing) so that each Term Lender will participate proportionately in each then

outstanding Borrowing of Initial Term Loans. The Amendment No. 1 Incremental Term

Loans (x) shall be “Initial Term Loans” and “Loans” under the Credit Agreement as of the

Amendment No. 1 Effective Date (as defined below) and (y) shall rank equal in right of

payment with the Initial Term Loans, shall be secured on a pari passu basis by the Collateral

that secures the Initial Term Loans and shall be guaranteed by the Guarantors that guarantee

the Initial Term Loans. The Borrower hereby directs the Administrative Agent to apply the

proceeds of the Amendment No. 1 Incremental Term Loans to repay certain outstanding

Revolving Credit Loans as of the Amendment No. 1 Effective Date. The Borrower

acknowledges and agrees that the foregoing disbursement and application of such proceeds

of Amendment No. 1 Incremental Term Loans shall constitute delivery of all such proceeds

at Borrower's direction and for Borrower's benefit requested on the date hereof as if all

such proceeds had been advanced to Borrower and the Administrative Agent and the

undersigned Amendment No. 1 Incremental Lenders agree that all required notices for such

repayments have been received or are otherwise waived.

(b)The Amendment No. 1 Incremental Revolving Credit Commitment shall increase the

existing Initial Revolving Credit Commitments and shall have the same terms as the

existing Initial Revolving Credit Commitments except as expressly set forth in the Credit

Documents. The Amendment No. 1 Incremental Revolving Credit Commitments shall

rank equal in right of payment with the Initial Revolving Credit Commitments, shall be

secured on a pari passu basis by the Collateral that secures the Initial Revolving Credit

Commitments and shall be guaranteed by the Guarantors that guarantee the Initial

Revolving Credit Commitments, and any Amendment No. 1 Incremental Revolving Loans

shall be “Revolving Credit Loans” and “Loans” under the Credit Agreement as of the

Amendment No. 1 Effective Date and shall not constitute a separate Class from the

Revolving Credit Loan. Each Revolving Credit Lender (immediately prior to the

effectiveness of the Amendment No. 1 Incremental Revolving Credit Commitments) will

automatically and without further act be deemed to have assigned to each Amendment No.

1 Incremental Revolving Credit Lender, and each such Amendment No. 1 Incremental

Revolving Credit Lender will automatically and without further act be deemed to have

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assumed, a portion of such Revolving Credit Lender’s participations in outstanding Letters

of Credit or Swing Line Loans such that, after giving effect to each such deemed

assignment and assumption of participations, the percentage of the aggregate outstanding

participations in Letters of Credit or Swing Line Loans held by each Revolving Credit

Lender (including each Amendment No. 1 Incremental Revolving Credit Lender) will

equal to the percentage of the aggregate Revolving Credit Commitments of all Revolving

Credit Lenders represented by such Revolving Credit Lender’s Revolving Credit

Commitment after giving effect to the effectiveness of the Amendment No. 1 Incremental

Revolving Credit Commitments. Additionally, if any Revolving Credit Loans are

outstanding under the Revolving Credit Facility at the time of the effectiveness of the

Amendment No. 1 Incremental Revolving Commitments, the Revolving Credit Lenders

immediately after effectiveness of such Amendment No. 1 Incremental Revolving Credit

Commitments shall purchase and assign at par such amounts of the Revolving Credit Loans

outstanding under the Revolving Credit Facility at such time as the Administrative Agent

may require such that the existing Revolving Credit Lenders and New Revolving Loan

Lenders hold such Revolving Credit Loans ratably in accordance with their Revolving

Credit Commitments after giving effect to the addition of such Amendment No. 1

Incremental Revolving Credit Commitments to the Revolving Credit Commitments.

2.Amendments to Credit Agreement; Waiver. Subject to the occurrence of the Amendment No.

1 Effective Date, (i) the Credit 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 underlined text

(indicated textually in the same manner as the following example: underlined text) as set forth in

the pages of the Credit Agreement attached as Exhibit A hereto and (ii) Schedule 1.1(a) to the

Credit Agreement is supplemented by Schedule A hereto.

3.Conditions Precedent. (i) Each Amendment No. 1 Incremental Lender hereby agrees to make its

respective Amendment No. 1 Incremental Term Loan in accordance with its respective Amendment

No. 1 Incremental Term Loan Commitment or its respective Amendment No. 1 Incremental

Revolving Credit Commitment, as applicable, on the first date on which the conditions set forth in

this Section 3 shall have been satisfied (or waived by the Amendment No. 1 Incremental Lenders)

(the date of such satisfaction or waiver, the “Amendment No. 1 Effective Date”):

(a)The Administrative Agent shall have a counterpart of (i) this Amendment executed by each of

Holdings, Intermediate Holdings and the Borrower, (ii) each of the Amendment No. 1

Incremental Lenders and (iii) a guarantor reaffirmation, substantially in the form attached hereto

as Exhibit B, executed by each Guarantor that was party to the Guarantee on or prior to the

Amendment No. 1 Effective Date (the “Existing Guarantors”).

(b)The Administrative Agent shall have received a solvency certificate of Intermediate Holdings,

substantially in the form delivered on the Closing Date, dated as of the Amendment No. 1

Effective Date, executed by the Chief Executive Officer, the President, the Chief Financial

Officer, the Treasurer, the Vice President-Finance or any other senior financial officer of

Intermediate Holdings (with “Solvency” defined in accordance with the Credit Agreement).

(c)The Administrative Agent shall have received an executed written legal opinion, in customary

form, addressed to the Administrative Agent, each Amendment No. 1 Incremental Lender and

each Lender of Kirkland & Ellis LLP, special New York counsel to the Credit Parties and in

form and substance reasonably satisfactory to the Administrative Agent.

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(d)The Administrative Agent shall have received a certificate of the Borrower, dated the

Amendment No. 1 Effective Date, in form and substance reasonably satisfactory to the

Administrative Agent with appropriate insertions, executed by an Authorized Officer of the

Borrower, and including or attaching (i) (A) each organizational document of the Borrower and

the other Credit Parties certified, to the extent applicable, as of a recent date by the applicable

Governmental Authority or (B) a certification that there has been no change to such

organizational documents since those delivered on the Closing Date, (ii) (A) signature and

incumbency certificates of the Authorized Officer of the Borrower and the other Credit Parties

executing this Amendment or the guarantor reaffirmation, as applicable, or (B) a certification

that there has been no change to the signature and incumbency certificates since those delivered

on the Closing Date, (iii) resolutions of the board of directors and/or similar governing bodies

of the Borrower and the other Credit Parties approving and authorizing the execution, delivery

and performance of this Amendment or the guarantor reaffirmation, as applicable, certified as

of the Amendment No. 1 Effective Date by its secretary, an assistant secretary or an Authorized

Officer as being in full force and effect, and (iv) a good standing certificate (to the extent such

concept exists) from the applicable Governmental Authority of the Borrower’s and the other

Credit Parties’ jurisdiction of incorporation, organization or formation, dated a recent date prior

to the Amendment No. 1 Effective Date.

(e)All fees required to be paid on the Amendment No. 1 Effective Date pursuant to one or more

fee letters shall, upon the initial borrowing of Amendment No. 1 Incremental Term Loans, have

been paid (which amounts may be offset against the proceeds of Amendment No. 1 Incremental

Term Loans).

(f)The Administrative Agent shall have received a Notice of Borrowing meeting the requirements

of Section 2.3 of the Credit Agreement in respect of the Amendment No. 1 Incremental Term

Loans three (3) Business Days prior to the Amendment No. 1 Effective Date.

(g)The Administrative Agent shall have received an officer’s certificate signed by an Authorized

Officer of the Borrower certifying that, as of the Amendment No. 1 Effective Date, (a) no

Default or Event of Default shall have occurred and be continuing and (b) all representations

and warranties made by any Credit Party contained herein or in the other Credit Documents

shall be true and correct in all material respects (provided that any such representations and

warranties which are qualified by materiality, material adverse effect or similar language shall

be true and correct in all respects) with the same effect as though such representations and

warranties had been made on and as of the Amendment No. 1 Effective Date (except where such

representations and warranties expressly relate to an earlier date, in which case such

representations and warranties shall have been true and correct in all material respects (provided

that any such representations and warranties which are qualified by materiality, material adverse

effect or similar language shall be true and correct in all respects) as of such earlier date).

(h)No Default or Event of Default shall exist on the Amendment No. 1 Effective Date.

4.Amendment No. 1 Incremental Lenders. Each Amendment No. 1 Incremental Lender who was

not an existing Lender prior to the Amendment No. 1 Effective Date acknowledges and agrees that

upon its execution of this Amendment and the making of Amendment No. 1 Incremental Term

Loans or the Amendment No. 1 Incremental Revolving Credit Commitments, as applicable, that

such New Term Loan Lender shall become a “Lender” under, and for all purposes of, the Credit

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Agreement and the other Credit Documents, and shall be subject to and bound by the terms thereof,

and shall perform all the obligations of and shall have all rights of a Lender thereunder.

5.Representations and Warranties. Each of the Borrower, Intermediate Holdings and Holdings

hereby represents and warrants as of the Amendment No. 1 Effective Date to the Administrative

Agent and each Amendment No. 1 Incremental Lender as follows:

(a)each of the Borrower, Intermediate Holdings and Holdings is duly organized, validly

existing and (to the extent relevant) in good standing under the Requirements of Law of

the jurisdiction of its organization;

(b)the execution, delivery and performance by the undersigned of this Amendment (and the

performance of the Credit Agreement as modified by this Amendment) are within its

organizational powers and have been duly authorized by all necessary action pursuant to

its organizational documents;

(c)this Amendment constitutes a valid and binding agreement of the Borrower, Intermediate

Holdings and Holdings, enforceable against the Borrower, Intermediate Holdings and

Holdings in accordance with its terms, except as the enforceability thereof may be limited

by bankruptcy, insolvency or other similar laws affecting creditors’ rights generally and

subject to general principles of equity;

(d)no Default or Event of Default has occurred and is continuing; and

(e)all representations and warranties made by any Credit Party contained in the Credit

Agreement and in the other Credit Documents are true and correct in all material respects

(provided that any such representations and warranties which are qualified by materiality,

material adverse effect or similar language shall be true and correct in all respects) with the

same effect as though such representations and warranties had been made on and as of the

Amendment No. 1 Effective Date (except where such representations and warranties

expressly relate to an earlier date, in which case such representations and warranties shall

have been true and correct in all material respects (provided that any such representations

and warranties which are qualified by materiality, material adverse effect or similar

language shall be true and correct in all respects) as of such earlier date).

6.Credit Agreement Governs. Except as set forth in this Amendment, the Amendment No. 1

Incremental Term Loans shall otherwise be subject to the provisions of the Credit Agreement and

the other Credit Documents.

7.Notice. For purposes of the Credit Agreement, the initial notice address of each Amendment No. 1

Incremental Lender shall be as set forth below its signature below.

8.Tax Forms. For each relevant Amendment No. 1 Incremental Lender, delivered herewith to the

Administrative Agent are such forms, certificates or other evidence with respect to United States

federal income tax withholding matters as such Amendment No. 1 Incremental Lender may be

required to deliver to the Administrative Agent pursuant to Section 5.4(e) of the Credit Agreement.

9.Recordation of the Incremental Loans. Upon execution and delivery hereof, the Administrative

Agent will record the Amendment No. 1 Incremental Term Loans made by each New Term Loan

Lender in the Register.

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10.Amendment, Modification and Waiver. This Amendment may not be amended, modified or

waived except in accordance with the terms of Section 13.1 of the Credit Agreement.

11.Entire Agreement. This Amendment, the Credit Agreement and the other Credit Documents

constitute the entire agreement among the parties with respect to the subject matter hereof and

thereof and supersede all other prior agreements and understandings, both written and verbal,

among the parties or any of them with respect to the subject matter hereof.

12.GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF

THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE

INTERPRETED, CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE

LAWS OF THE STATE OF NEW YORK.

13.Severability. Any term or provision of this Amendment which is invalid or unenforceable in any

jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or

unenforceability without rendering invalid or unenforceable the remaining terms and provisions of

this Amendment or affecting the validity or enforceability of any of the terms or provisions of this

Amendment in any other jurisdiction. If any provision of this Amendment is so broad as to be

unenforceable, the provision shall be interpreted to be only so broad as would be enforceable.

14.Credit Document. This Amendment shall constitute a Credit Document.

15.Counterparts. This Amendment may be executed in counterparts (including by facsimile or other

electronic (i.e., “pdf” or “tif” format) transmission), each of which shall be deemed to be an original

and shall be effective as delivery of a manually executed counterpart of this Amendment, but all of

which shall constitute one and the same agreement. The words “execution,” “signed,” “signature,”

and words of like import in this Amendment shall be deemed to include electronic signatures or the

keeping of records in electronic form, each of which shall be of the same legal effect, validity or

enforceability as a manually executed signature or the use of a paper based recordkeeping system,

as the case may be, to the extent and as provided for in any applicable law, including the Federal

Electronic Signatures in Global and National Commerce Act, the New York State Electronic

Signatures and Records Act, or any other similar state laws based on the Uniform Electronic

Transactions Act.

[Signature Pages Follow]

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer

to execute and deliver this Amendment as of the date first set forth above.

	MIDCAP FINANCIAL TRUST, as Administrative Agent and Collateral Agent
	By:	Apollo Capital Management, L.P., its investment manager
	By:	Apollo Capital Management GP, LLC, its general partner
	By:	/s/ Maurice Amsellem
		Name: Maurice Amsellem
		Title: Authorized Signatory
	[LENDER SIGNATURE PAGES ON FILE]
	ACCELEVATION, LLC
	ACCELEVATION BUYER LLC
	ACCELEVATION INTERMEDIATE LLC
	By:	/s/ Charles Hillman
		Name: Charles Hillman
		Title: Chief Financial Officer

Exhibit A

CREDIT AGREEMENT

dated as of January 2, 2025

as amended by Amendment No. 1, dated as of September 5, 2025

among

ACCELEVATION INTERMEDIATE LLC,

as Holdings,

ACCELEVATION BUYER LLC,

as Intermediate Holdings

ACCELEVATION FINANCING MERGER SUB LLC,

as Merger Sub and as the Borrower prior to the consummation of the Merger

ACCELEVATION LLC,

as the Borrower upon the consummation of the Merger,

the several Lenders from time to time parties hereto

and

MIDCAP FINANCIAL TRUST,

as the Administrative Agent and the Collateral Agent,

_

MIDCAP FINANCIAL TRUST,

and

MONROE CAPITAL, LLC,

as the Joint Lead Arrangers and Bookrunners

and

BARINGS FINANCE LLC,

as Documentation Agent

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TABLE OF CONTENTS

		Page
Section 1.		Definitions ...................................................................................................................	2
	1.1	Defined Terms .............................................................................................................	2
	1.2	Other Interpretive Provisions ......................................................................................	79
	1.3	Accounting Terms .......................................................................................................	80
	1.4	Rounding .....................................................................................................................	80
	1.5	References to Agreements, Laws, Etc .........................................................................	80
	1.6	Exchange Rates ...........................................................................................................	81
	1.7	Rates ............................................................................................................................	81
	1.8	Times of Day ...............................................................................................................	81
	1.9	Timing of Payment or Performance ............................................................................	81
	1.10	Certifications ...............................................................................................................	81
	1.11	Compliance with Certain Sections ..............................................................................	81
	1.12	Pro Forma and Other Calculations ..............................................................................	82
	1.13	Form Intercreditor Agreement ....................................................................................	85
	1.14	Making or Maintaining Benchmark Rate Loans .........................................................	85
Section 2.		Amount and Terms of Credit ......................................................................................	88
	2.1	Commitments ..............................................................................................................	88
	2.2	Minimum Amount of Each Borrowing; Maximum Number of Borrowings ..............	91
	2.3	Notice of Borrowing ....................................................................................................	91
	2.4	Disbursement of Funds ................................................................................................	92
	2.5	Repayment of Loans; Evidence of Debt .....................................................................	93
	2.6	Conversions and Continuations ...................................................................................	95
	2.7	Pro Rata Borrowings ...................................................................................................	95
	2.8	Interest .........................................................................................................................	96
	2.9	Interest Periods ............................................................................................................	97
	2.10	Increased Costs, Illegality, Etc ....................................................................................	97
	2.11	Compensation ..............................................................................................................	99
	2.12	Change of Lending Office ...........................................................................................	99
	2.13	Notice of Certain Costs ...............................................................................................	100
	2.14	Incremental Facilities ..................................................................................................	100
	2.15	Permitted Debt Exchanges ..........................................................................................	106
	2.16	Defaulting Lenders ......................................................................................................	107
	2.17	Additional Borrowers ..................................................................................................	109
Section 3.		Letters of Credit ..........................................................................................................	110
	3.1	Letters of Credit ..........................................................................................................	110
	3.2	Letter of Credit Requests .............................................................................................	112
	3.3	Letter of Credit Participations .....................................................................................	113

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	3.4	Agreement to Repay Letter of Credit Drawings .........................................................	115
	3.5	Increased Costs ............................................................................................................	117
	3.6	New or Successor Letter of Credit Issuer ....................................................................	118
	3.7	Role of Letter of Credit Issuer .....................................................................................	119
	3.8	Cash Collateral ............................................................................................................	119
	3.9	Applicability of ISP and UCP .....................................................................................	120
	3.10	Conflict with Issuer Documents ..................................................................................	120
	3.11	Letters of Credit Issued for Restricted Subsidiaries ....................................................	121
	3.12	Provisions Related to Extended Revolving Credit Commitments ..............................	121
Section 4.		Fees ..............................................................................................................................	121
	4.1	Fees ..............................................................................................................................	121
	4.2	Voluntary Reduction of Revolving Credit Commitments and Delayed Draw Term Loan Commitments .....................................................................................................	122
	4.3	Mandatory Termination of Commitments ...................................................................	123
Section 5.		Payments .....................................................................................................................	124
	5.1	Voluntary Prepayments ...............................................................................................	124
	5.2	Mandatory Prepayments ..............................................................................................	124
	5.3	Method and Place of Payment .....................................................................................	128
	5.4	Net Payments ...............................................................................................................	128
	5.5	Computations of Interest and Fees ..............................................................................	133
	5.6	Limit on Rate of Interest .............................................................................................	133
Section 6.		Conditions Precedent to Initial Borrowing ..................................................................	134
	6.1	Credit Documents ........................................................................................................	134
	6.2	Legal Opinions ............................................................................................................	134
	6.3	Closing Certificates .....................................................................................................	134
	6.4	Authorization of Proceedings of Holdings and the Borrower; Corporate Documents	134
	6.5	Fees ..............................................................................................................................	135
	6.6	Solvency Certificate ....................................................................................................	135
	6.7	Notice of Borrowing ....................................................................................................	135
	6.8	Transactions ................................................................................................................	135
	6.9	[Reserved] ...................................................................................................................	135
	6.10	Representations and Warranties ..................................................................................	135
	6.11	Patriot Act ...................................................................................................................	135
	6.12	No Material Adverse Effect ........................................................................................	136
	6.13	Refinancing .................................................................................................................	136
	6.14	Equity Investment .......................................................................................................	136
Section 7.		Conditions Precedent to All Credit Events after the Closing Date .............................	137
	7.1	No Default; Representations and Warranties ..............................................................	137

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	7.2	Notice of Borrowing ....................................................................................................	137
	7.3	Leverage ......................................................................................................................	137
Section 8.		Representations and Warranties ..................................................................................	138
	8.1	Corporate Status ..........................................................................................................	138
	8.2	Corporate Power and Authority ..................................................................................	138
	8.3	No Violation ................................................................................................................	138
	8.4	Litigation .....................................................................................................................	139
	8.5	Margin Regulations .....................................................................................................	139
	8.6	Governmental Approvals ............................................................................................	139
	8.7	Investment Company Act ............................................................................................	139
	8.8	True and Complete Disclosure ....................................................................................	139
	8.9	Financial Condition; Financial Statements .................................................................	139
	8.10	Compliance with Laws ................................................................................................	140
	8.11	Tax Matters .................................................................................................................	140
	8.12	Compliance with ERISA .............................................................................................	140
	8.13	Subsidiaries .................................................................................................................	140
	8.14	Intellectual Property ....................................................................................................	140
	8.15	Environmental Laws ...................................................................................................	141
	8.16	Properties .....................................................................................................................	141
	8.17	Solvency ......................................................................................................................	141
	8.18	Use of Proceeds ...........................................................................................................	141
	8.19	No Other Liabilities .....................................................................................................	141
	8.20	Labor Matters ..............................................................................................................	142
	8.21	Foreign Assets Control Regulations and Anti-Money Laundering .............................	142
Section 9.		Affirmative Covenants ................................................................................................	142
	9.1	Information Covenants ................................................................................................	142
	9.2	Books, Records, and Inspections .................................................................................	146
	9.3	Maintenance of Insurance ...........................................................................................	146
	9.4	Payment of Taxes ........................................................................................................	147
	9.5	Preservation of Existence ............................................................................................	147
	9.6	Compliance with Statutes, Regulations, Etc ...............................................................	147
	9.7	ERISA .........................................................................................................................	147
	9.8	Maintenance of Properties ...........................................................................................	148
	9.9	[Reserved] ...................................................................................................................	148
	9.10	Additional Guarantors and Grantors ...........................................................................	148
	9.11	Pledge of Additional Stock and Evidence of Indebtedness .........................................	148
	9.12	Use of Proceeds ...........................................................................................................	149
	9.13	Further Assurances ......................................................................................................	149
	9.14	[Reserved] ...................................................................................................................	151
	9.15	Anti-Corruption, Etc ....................................................................................................	151
Section 10.		Negative Covenants .....................................................................................................	151

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	10.1	Limitation on Indebtedness .........................................................................................	151
	10.2	Limitation on Liens .....................................................................................................	156
	10.3	Limitation on Fundamental Changes ..........................................................................	158
	10.4	Limitation on Sale of Assets .......................................................................................	159
	10.5	Limitation on Restricted Payments .............................................................................	161
	10.6	Limitation on Investments ...........................................................................................	164
	10.7	Limitation on Prepayments of Junior Debt .................................................................	167
	10.8	Limitation on Subsidiary Distributions; Negative Pledge ...........................................	169
	10.9	Consolidated Total Debt to Consolidated EBITDA Ratio ..........................................	170
	10.10	Permitted Activities .....................................................................................................	170
	10.11	Limitation on Changes to Line of Business ................................................................	171
	10.12	Limitation on Changes to End of Fiscal Years ...........................................................	171
	10.13	[Reserved] ...................................................................................................................	171
	10.14	Transactions with Affiliates ........................................................................................	171
	10.15	Amendment of Organizational Documents; Junior Debt ............................................	172
Section 11.		Events of Default .........................................................................................................	173
	11.1	Payments .....................................................................................................................	173
	11.2	Representations, Etc ....................................................................................................	173
	11.3	Covenants ....................................................................................................................	173
	11.4	Default Under Other Agreements ...............................................................................	173
	11.5	Bankruptcy, Etc ...........................................................................................................	174
	11.6	ERISA .........................................................................................................................	174
	11.7	Guarantee ....................................................................................................................	175
	11.8	Pledge Agreement .......................................................................................................	175
	11.9	Security Agreement .....................................................................................................	175
	11.10	Judgments ....................................................................................................................	175
	11.11	Change of Control .......................................................................................................	175
	11.12	Remedies Upon Event of Default ................................................................................	175
	11.13	Application of Proceeds ..............................................................................................	176
	11.14	Equity Cure .................................................................................................................	177
Section 12.		The Agents ..................................................................................................................	178
	12.1	Appointment ................................................................................................................	178
	12.2	Delegation of Duties ....................................................................................................	178
	12.3	Exculpatory Provisions ...............................................................................................	179
	12.4	Reliance by Agents ......................................................................................................	179
	12.5	Notice of Default .........................................................................................................	180
	12.6	Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders ...........	180
	12.7	Indemnification ...........................................................................................................	181
	12.8	Agents in Their Individual Capacities .........................................................................	181
	12.9	Successor Agents .........................................................................................................	182
	12.10	Withholding Tax .........................................................................................................	183

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	12.11	Agents Under Security Documents and Guarantee .....................................................	184
	12.12	Right to Realize on Collateral and Enforce Guarantee ...............................................	185
	12.13	Intercreditor Agreement Governs ................................................................................	185
	12.14	Certain ERISA Matters ...............................................................................................	186
	12.15	Erroneous Payment .....................................................................................................	187
Section 13.		Miscellaneous ..............................................................................................................	189
	13.1	Amendments, Waivers, and Releases .........................................................................	189
	13.2	Notices .........................................................................................................................	194
	13.3	No Waiver; Cumulative Remedies ..............................................................................	195
	13.4	Survival of Representations and Warranties ...............................................................	195
	13.5	Payment of Expenses; Indemnification .......................................................................	195
	13.6	Successors and Assigns; Participations and Assignments ..........................................	196
	13.7	Replacements of Lenders Under Certain Circumstances ............................................	203
	13.8	Adjustments; Set-Off ...................................................................................................	204
	13.9	Counterparts ................................................................................................................	205
	13.10	Severability ..................................................................................................................	205
	13.11	Integration ...................................................................................................................	205
	13.12	GOVERNING LAW ...................................................................................................	205
	13.13	Submission to Jurisdiction; Waivers ...........................................................................	206
	13.14	Acknowledgments .......................................................................................................	206
	13.15	WAIVERS OF JURY TRIAL .....................................................................................	207
	13.16	Confidentiality .............................................................................................................	207
	13.17	Direct Website Communications ................................................................................	209
	13.18	USA PATRIOT Act ....................................................................................................	210
	13.19	Judgment Currency .....................................................................................................	211
	13.20	Payments Set Aside .....................................................................................................	211
	13.21	No Fiduciary Duty .......................................................................................................	211
	13.22	Nature of Obligations of the Borrower .......................................................................	212
	13.23	Cashless Settlement .....................................................................................................	213
	13.24	Acknowledgment and Consent to Bail-In of Affected Financial Institutions .............	213
	13.25	Acknowledgement Regarding Any Supported QFCs .................................................	213

SCHEDULES
Schedule 1.1(a)	Commitments of Lenders
Schedule 8.1	Good Standing
Schedule 8.13	Subsidiaries
Schedule 8.15	Environmental
Schedule 8.16	Mortgaged Properties
Schedule 9.13	Post-Closing Actions
Schedule 10.1	Closing Date Indebtedness
Schedule 10.2	Closing Date Liens

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Schedule 10.4	Closing Date Factoring Arrangements
Schedule 10.6	Closing Date Investments
Schedule 13.2	Notice Addresses

EXHIBITS
Exhibit A	Form of Joinder Agreement
Exhibit B	Form of Guarantee
Exhibit C	Form of Pledge Agreement
Exhibit D	Form of Security Agreement
Exhibit E	Form of Credit Party Closing Certificate
Exhibit F	Form of Assignment and Acceptance
Exhibit G-1	Form of Promissory Note (Term Loans)
Exhibit G-2	Form of Promissory Note (Revolving Loans)
Exhibit H-1	Form of Pari Passu Intercreditor Agreement
Exhibit H-2	Form of Junior Lien Intercreditor Agreement
Exhibit I-1	Form of Non-Bank Tax Certificate (For Non-U.S. Lenders That Are Not Partnerships for U.S. Federal Income Tax Purposes)
Exhibit I-2	Form of Non-Bank Tax Certificate (For Non-U.S. Lenders That Are Partnerships for U.S. Federal Income Tax Purposes)
Exhibit I-3	Form of Non-Bank Tax Certificate (For Non-U.S. Participants That Are Not Partnerships for U.S. Federal Income Tax Purposes)
Exhibit I-4	Form of Non-Bank Tax Certificate (For Non-U.S. Participants That Are Partnerships for U.S. Federal Income Tax Purposes)
Exhibit J	Form of Notice of Borrowing or Continuation or Conversion
Exhibit K	Form of Notice of Swingline Loan Borrowing
Exhibit L-1	Form of Hedge Bank Designation
Exhibit L-2	Form of Cash Management Bank Designation
Exhibit M	Form of Compliance Certificate
Exhibit N	Borrower Joinder Agreement

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CREDIT AGREEMENT

Credit Agreement, dated as of January 2, 2025, (as amended by Amendment No. 1 and as

further amended, restated, supplemented or otherwise modified from time to time, this

“Agreement”), by and among ACCELEVATION INTERMEDIATE LLC, a Delaware limited liability

company (“Holdings”), ACCELEVATION BUYER LLC, a Delaware limited liability company

(“Intermediate Holdings”), ACCELEVATION FINANCING MERGER SUB LLC, a Delaware limited

liability company (the “Merger Sub”), as the initial Borrower hereunder (the “Initial Borrower”),

whose rights and obligations herein will, immediately following the consummation of the Merger (as

defined below) be assigned to and assumed by ACCELEVATION, LLC, a Delaware limited liability

company (the “OpCo”, and following consummation of the Merger, together with any other co-borrower

added pursuant to Section 2.17 of this Agreement, collectively, the “Borrower”), Accelevation Holding

Company LLC, a Delaware limited liability company (“Accelevation Holding”), Accelevation Holdings

Blocker, LLC, a Delaware limited liability company (“Accelevation Holdings Blocker”), Accelevation

Blocker, Inc., a Delaware corporation (“Accelevation Blocker”), Instor Blocker, Inc., a Delaware

corporation (“Instor Blocker” and, together with Holdings, Intermediate Holdings, Accelevation

Holding, Accelevation Holdings Blocker and Accelevation Blocker, the “Parent Guarantors”), the

several lenders from time to time parties hereto (each a “Lender” and, collectively, the “Lenders”), each

Letter of Credit Issuer, and MidCap Financial Trust, as the Swingline Lender, Administrative Agent and

the Collateral Agent (such terms and each other capitalized term used but not defined in this preamble

and the recitals having the meaning provided in Section 1).

WHEREAS, pursuant to that certain Securities Purchase Agreement, dated as of November 8,

2024 (and together with all exhibits and schedules and other attachments thereto, collectively, as

amended, restated, supplemented, waived or otherwise modified in accordance with the terms thereof, the

“Acquisition Agreement”), by and among Intermediate Holdings, Accelevation Holding, as the

Company (in such capacity, the “Company”), the sellers party thereto, LFM Capital Partners III-A L.P.,

a Delaware limited partnership, as Sellers’ Representative, and Accelevation Holdings Blocker, as the

Blocker, Intermediate Holdings will, immediately following the initial funding hereunder (x) acquire,

directly or indirectly, all of the equity interests of the Company (the “Acquisition”) and (y) cause Merger

Sub to merge with and into the OpCo, with the OpCo surviving the merger (the “Merger”).

WHEREAS, in connection with the transactions contemplated by the Acquisition Agreement, the

Borrower has requested that (i) the Lenders extend credit in the form of (A) Initial Term Loans to the

Borrower on the Closing Date in an aggregate principal amount of $200,000,000, (B) Delayed Draw

Term Loans to be made available to the Borrower at any time on and after the Closing Date and from

time to time prior to the Delayed Draw Term Loan Commitment Termination Date in an aggregate

principal amount not in excess of $75,000,000, (C) Revolving Credit Loans to be made available to the

Borrower at any time and from time to time prior to the Revolving Credit Maturity Date in an aggregate

principal amount at any time outstanding not in excess of $50,000,000 less the sum of (1) the aggregate

Letters of Credit Outstanding at such time and (2) the aggregate principal amount of all Swingline Loans

outstanding at such time, (ii) the Letter of Credit Issuers issue Letters of Credit at any time and from time

to time prior to the L/C Facility Maturity Date in an aggregate Stated Amount at any time outstanding not

in excess of $20,000,000 and (iii) the Swingline Lender extend credit in the form of Swingline Loans at

any time and from time to time prior to the Swingline Maturity Date in an aggregate principal amount at

any time outstanding not in excess of $7,500,000;

WHEREAS, the proceeds of the Initial Term Loans will be used, together with proceeds of the

Equity Investment (as defined below), (i) to pay consideration in connection with the Acquisition, (ii) to

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refinance, redeem and/or discharge (a) that certain Credit Agreement, dated as of December 16, 2022 (as

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

among, inter alios, the Company, the lenders party thereto, and Abacus Finance Group, LLC, as

administrative agent and sole lead arranger and (b) that certain Senior Subordinated Loan Agreement,

dated as of June 16, 2023 (as amended, restated, amended and restated, supplemented or otherwise

modified from time to time), by and among, inter alios, the Company, the lenders party thereto, and

Centerfield Capital Partners V, L.P., as administrative agent ((ii)(a) and (ii)(b), collectively, the

“Existing Credit Agreements”) and (iii) to pay Transaction Expenses; and

WHEREAS, the Borrower has requested that the Lenders extend credit in the form of (A)

Amendment No. 1 Incremental Term Loans to the Borrower on the Amendment No. 1 Effective

Date in an aggregate principal amount of $20,000,000 and (B) Amendment No. 1 Incremental

Revolving Credit Commitments to the Borrower on the Amendment No. 1 Effective Date in an

aggregate principal amount of $10,000,000;

WHEREAS, the proceeds of the Amendment No. 1 Incremental Term Loans will be used to

repay Revolving Credit Loans outstanding on the Amendment No. 1 Effective Date; and

WHEREAS, the Lenders and the Letter of Credit Issuer are willing to make available to the

Borrower such Credit Facilities upon the terms and subject to the conditions set forth herein.

NOW, THEREFORE, in consideration of the premises and the covenants and agreements

contained herein, the parties hereto hereby agree as follows:

Section 1.Definitions.

1.1Defined Terms. As used herein, the following terms shall have the meanings specified in

this Section 1.1 unless the context otherwise requires (it being understood that defined terms in this

Agreement shall include in the singular number the plural and in the plural the singular):

“ABR” shall mean for any day a fluctuating rate per annum equal to the highest of (i) the Federal

Funds Effective Rate plus 1/2 of 1%, (ii) the rate last quoted by The Wall Street Journal as the “Prime

Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum

interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519)

(Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any

similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the

Federal Reserve Board (as determined by the Administrative Agent), and (iii) the Benchmark Rate

(which rate shall be calculated based on an Interest Period of one month as of such date) plus 1.00% per

annum; provided that, notwithstanding the foregoing, in no event shall the ABR applicable to the Initial

Term Loans and the Revolving Credit Loans at any time be less than 2.00% per annum. Any change in

the ABR due to a change in such rate determined by the Administrative Agent or in the Federal Funds

Effective Rate, the “Prime Rate” or the Benchmark Rate shall take effect at the opening of business on

the day of such change.

“ABR Borrowing” shall mean a Borrowing comprised of ABR Loans.

“ABR Loan” shall mean each Loan bearing interest based on the ABR.

“Acceptable Intercreditor Agreement” shall mean either (i) an intercreditor agreement

substantially in the form of Exhibit H-1 (with such changes to such form as may be reasonably acceptable

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to the Administrative Agent and the Borrower) among the Administrative Agent, the Collateral Agent

and the representatives for purposes thereof for any other Permitted Other Indebtedness Secured Parties

that are holders of Permitted Other Indebtedness Obligations having a Lien on the Collateral ranking pari

passu with the Lien securing the Obligations or (ii) an intercreditor agreement substantially in the form of

Exhibit H-2 (with such changes to such form as may be reasonably acceptable to the Administrative

Agent and the Borrower) among the Administrative Agent, the Collateral Agent and the representatives

for purposes thereof for any other Permitted Other Indebtedness Secured Parties that are holders of

Permitted Other Indebtedness Obligations having a Lien on the Collateral ranking junior to the Lien

securing the Obligations.

“Account” shall mean, as at any date of determination, all “accounts” (as such term is defined in

the UCC) of Intermediate Holdings and its Restricted Subsidiaries as of such date, including, without

limitation, the unpaid portion of the obligation of a customer of Intermediate Holdings or any of its

Restricted Subsidiaries in respect of Inventory purchased by and shipped to such customer and/or the

rendition of services by Intermediate Holdings or such Restricted Subsidiary, as stated on the respective

invoice of Intermediate Holdings or such Restricted Subsidiary, net of any credits, rebates or offsets

owed to such customer.

“Acquired EBITDA” shall mean, with respect to any Acquired Entity or Business or any

Converted Restricted Subsidiary (any of the foregoing, a “Pro Forma Entity”) for any period, the

amount for such period of Consolidated EBITDA of such Pro Forma Entity (determined using such

definitions as if references to Intermediate Holdings and the Restricted Subsidiaries therein were to such

Pro Forma Entity and its Restricted Subsidiaries), all as determined on a consolidated basis for such Pro

Forma Entity in accordance with GAAP.

“Acquired Entity or Business” shall have the meaning provided in the definition of the term

Consolidated EBITDA.

“Acquired Indebtedness” shall mean, with respect to any specified Person, (i) Indebtedness of

any other Person existing at the time such other Person is merged, consolidated, or amalgamated with or

into or became a Restricted Subsidiary of such specified Person, including Indebtedness incurred in

connection with, or in contemplation of, such other Person merging, consolidating, or amalgamating with

or into or becoming a Restricted Subsidiary of such specified Person, and (ii) Indebtedness secured by a

Lien encumbering any asset acquired by such specified Person.

“Acquisition” shall have the meaning provided in the recitals to this Agreement.

“Acquisition Agreement” shall have the meaning provided in the recitals to this Agreement.

“Additional Borrower” shall mean any Guarantor (other than Holdings) as may be requested by

the Borrower to become an additional borrower (and/or a co-borrower) of any Credit Facility hereunder

in accordance with Section 2.17.

“Additional Revolving Credit Commitments” shall have the meaning provided in

Section 2.14(a).

“Additional Revolving Credit Loan” shall have the meaning provided in Section 2.14(b).

“Additional Revolving Loan Lender” shall have the meaning provided in Section 2.14(b).

-4-

“Additional Term Loans” shall have the meaning provided in Section 2.14(a).

“Adjusted Daily Simple SOFR” shall mean an interest rate per annum equal to (a) the Daily

Simple SOFR, plus (b) the related Benchmark Replacement Adjustment; provided that, if the Adjusted

Daily Simple SOFR rate as so determined would be less than the Floor, such rate shall be deemed to be

equal to the Floor for the purposes of this Agreement.

“Adjusted Total Revolving Credit Commitment” shall mean, at any time, the Total Revolving

Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders at such

time.

“Adjusted Total Term Loan Commitment” shall mean, at any time, the Total Term Loan

Commitment less the Term Loan Commitments of all Defaulting Lenders at such time.

“Administrative Agent” shall mean MidCap Financial Trust, as the administrative agent for the

Lenders under this Agreement and the other Credit Documents, or any successor administrative agent

pursuant to Section 12.9.

“Administrative Agent’s Office” shall mean the Administrative Agent’s address and, as

appropriate, account as set forth on Schedule 13.2 or such other address or account as the Administrative

Agent may from time to time notify the Borrower and the Lenders.

“Administrative Questionnaire” shall have the meaning provided in Section 13.6(b)(ii)(D).

“Advisory Services Agreement” shall mean that certain advisory agreement dated as of January

2, 2025 among Accelevation Topco LLC, a Delaware limited liability company, Accelevation Parent

LLC, a Delaware limited liability company, Holdings, Intermediate Holdings, the Borrower and Olympus

Advisors, LLC, a Delaware limited liability company, as amended, restated, supplemented or otherwise

modified in accordance with the terms hereof.

“Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly

controlling, controlled by, or under direct or indirect common control with such Person. A Person shall

be deemed to control another Person if such Person possesses, directly or indirectly, the power to direct

or cause the direction of the management and policies of such other Person, whether through the

ownership of voting securities, by contract or otherwise.

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

Financial Institution.

“Affiliated Institutional Lender” shall mean any Affiliate of the Sponsor (other than Holdings,

Intermediate Holdings, the Borrower, or any other Subsidiary of Holdings) that is a bona fide diversified

debt fund primarily engaged in, or that advises funds or other investment vehicles that are engaged in,

making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of

credit or securities and that exercises independent discretion from the private equity business of the

Sponsor and whose managers have fiduciary duties to third-party investors that are independent of their

duties to the direct or indirect equity holders of Holdings.

“Affiliated Lender” shall mean a Lender that is the Sponsor or any Affiliate thereof (other than

Holdings, Intermediate Holdings, the Borrower, any other Subsidiary of Holdings or any Affiliated

Institutional Lender).

-5-

“Agent Parties” and “Agent Party” shall have the meanings provided in Section 13.17(b).

“Agents” shall mean the Administrative Agent, the Collateral Agent and each of the Joint Lead

Arrangers and Bookrunners.

“Agreement” shall mean this Credit Agreement.

“AHYDO Payments” shall mean any payment, including any subordinated debt obligations, in

each case to the extent required to be made to avoid the application of Section 163(e)(5) of the Code.

“Amendment No. 1” shall mean the Joinder Agreement and First Amendment to Credit

Agreement, dated as of the Amendment No. 1 Effective Date, by and among the Borrower,

Holdings, Intermediate Holdings, the Administrative Agent, the Lenders party thereto and the

other parties thereto.

“Amendment No. 1 Effective Date” shall mean September 5, 2025.

“Amendment No. 1 Fee Letter” shall mean that certain fee letter, dated as of the

Amendment No. 1 Effective Date, by and among the Borrower and the Administrative Agent.

“Amendment No. 1 Incremental Revolving Credit Commitment” has the meaning given to

such term in Amendment No. 1.

“Amendment No. 1 Incremental Revolving Credit Lender” has the meaning given to such

term in Amendment No. 1.

“Amendment No. 1 Incremental Revolving Loan” has the meaning given to such term in

Amendment No. 1.

“Amendment No. 1 Incremental Term Loan” has the meaning given to such term in

Amendment No. 1.

“Amendment No. 1 Incremental Term Loan Commitment” has the meaning given to such

term in Amendment No. 1.

“Amendment No. 1 Incremental Term Loan Lender” has the meaning given to such term in

Amendment No. 1.

“Anti-Corruption Laws” shall have the meaning provided in Section 8.10.

“Anti-Money Laundering Laws” shall mean the Bank Secrecy Act, as amended by the Patriot

Act, and any other similar laws or regulations of any jurisdiction concerning or relating to terrorism

financing or money laundering.

“Applicable Margin” shall mean a percentage per annum equal to (x) until delivery of financial

statements and a related Compliance Certificate for the first full fiscal quarter commencing after the

Closing Date pursuant to Section 9.1, (1) for Benchmark Rate Loans that are Initial Term Loans,

Revolving Credit Loans or Delayed Draw Term Loans, 5.00% per annum and (2) for ABR Loans that are

Initial Term Loans, Revolving Credit Loans or Delayed Draw Term Loans, 4.00% per annum, and (y)

thereafter, in connection with Initial Term Loans, Revolving Credit Loans or Delayed Draw Term Loans,

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the percentage per annum set forth in the table below, based upon the Consolidated First Lien Secured

Debt to Consolidated EBITDA Ratio as set forth in the most recent Compliance Certificate reporting

such ratio received by the Administrative Agent pursuant to Section 9.1:

	Pricing Level	Ratio Level	ABR	Benchmark Rate
	I	> 4.50 to 1.00	4.00%	5.00%
	II	≤ 4.50 to 1.00 and > 4.00 to 1.00	3.75%	4.75%
	III	≤ 4.00 to 1.00	3.50%	4.50%

Any increase or decrease in the Applicable Margin for Revolving Credit Loans, Initial Term

Loans or Delayed Draw Term Loans resulting from a change in the Consolidated First Lien Secured Debt

to Consolidated EBITDA Ratio shall become effective as of the first Business Day immediately

following the date a Compliance Certificate reporting such ratio is delivered pursuant to Section 9.1(d).

In the event that any financial statement or Compliance Certificate delivered pursuant to Section

9.1 is inaccurate, and such inaccuracy, if corrected, would have led to the imposition of a different

Applicable Margin for any period than the Applicable Margin applied for that period, then (i)

Intermediate Holdings shall immediately deliver to Administrative Agent a corrected financial statement

and a corrected Compliance Certificate for that period (the “Corrected Financials Date”), (ii) the

Applicable Margin shall be determined based on the corrected Compliance Certificate for that period, and

(iii)(A) if the Applicable Margin based on the corrected Compliance Certificate would have been higher

than the Applicable Margin that was based on the incorrect Compliance Certificate, Intermediate

Holdings shall immediately pay to Administrative Agent (for the account of the Lenders that hold the

Commitments and Loans at the time such payment is received, regardless of whether those Lenders held

the Commitments and Loans during the relevant period) the accrued additional interest owing as a result

of such increased Applicable Margin for that period; provided, for the avoidance of doubt, such

deficiency shall be due and payable as at such Corrected Financials Date and no Default or Event of

Default under Section 11.1(a) shall be deemed to have occur with respect to such deficiency prior to such

date and (B) if the Applicable Margin based on the corrected Compliance Certificate would have been

lower than the Applicable Margin that was based on the incorrect Compliance Certificate, the amount of

the relevant overpayment shall be deducted from the amount of any required interest payment for the

next succeeding Interest Period. This paragraph shall not limit the rights of Administrative Agent or the

Lenders with respect to Section 2.8(c) and Section 11 hereof and shall survive the termination of this

Agreement until the payment in full in cash of the aggregate outstanding principal balance of the Loans.

In addition, at the option of the Required Lenders at any time during which Intermediate Holdings

shall have failed to deliver the Compliance Certificate pursuant to Section 9.1(d) by the applicable date

required under Section 9.1(d), then the Consolidated First Lien Secured Debt to Consolidated EBITDA

Ratio shall be deemed to be above 4.50 to 1.00 for the purposes of determining the Applicable Margin

(but only for so long as such failure continues, after which such ratio shall be determined based on the

then existing Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio).

Notwithstanding the foregoing, (a) the Applicable Margin in respect of any Class of Extended

Revolving Credit Commitments, any Extended Revolving Credit Loans or any Extended Term Loans

shall be the applicable percentages per annum set forth in the relevant Extension Amendment, (b) the

Applicable Margin in respect of any Class of any Incremental Loans shall be the applicable percentages

-7-

per annum set forth in the relevant Joinder Agreement, (c) the Applicable Margin in respect of any Class

of Replacement Facilities shall be the applicable percentages per annum set forth in the relevant

agreement, (d) the Applicable Margin in respect of any Class of Refinancing Indebtedness that would

constitute Revolving Credit Commitments shall be the applicable percentages per annum set forth in the

relevant agreement and (e) in the case of any Loans, the Applicable Margin shall be increased as, and to

the extent, necessary to comply with the provisions of Section 2.14.

“Approved Foreign Bank” shall have the meaning provided in the definition of the term “Cash

Equivalents”.

“Approved Fund” shall mean any Fund that is administered or managed by (i) a Lender, (ii) an

Affiliate of a Lender, or (iii) an entity or an Affiliate of an entity that administers, advises or manages a

Lender.

“Asset Sale” shall mean:

(i)the sale, conveyance, transfer, or other disposition, whether in a single

transaction or a series of related transactions, of property or assets (including by way of a Sale

Leaseback) (each a “disposition”) of Intermediate Holdings or any Restricted Subsidiary, or

(ii)the issuance or sale of Equity Interests of any Restricted Subsidiary (other than

preferred stock of Restricted Subsidiaries issued in compliance with Section 10.1), whether in a

single transaction or a series of related transactions,

in each case, other than:

(a)any disposition of cash, Cash Equivalents or Investment Grade Securities or

obsolete, worn out or surplus property or property (including leasehold property interests) that is

no longer economically practical in its business or commercially desirable to maintain or no

longer used or useful equipment in the ordinary course of business or any disposition of

inventory, immaterial assets, or goods (or other assets) in the ordinary course of business;

(b)the disposition of all or substantially all of the assets of Intermediate Holdings in

a manner permitted pursuant to Section 10.3;

(c)the incurrence of Liens that are permitted to be incurred pursuant to Section 10.2

or the making of any Restricted Payment or Permitted Investment (other than pursuant to

clause (a) of Section 10.6) that is permitted to be made, and is made, pursuant to Section 10.5 or

Section 10.6;

(d)any disposition of property or assets or issuance of securities by (1) a Restricted

Subsidiary to Intermediate Holdings or (2) by Intermediate Holdings or a Restricted Subsidiary

to another Restricted Subsidiary;

(e)to the extent allowable under Section 1031 of the Code, or any comparable or

successor provision, any exchange of like property (excluding any boot thereon) for use in a

Similar Business;

(f)[reserved];

-8-

(g)foreclosures, condemnation, casualty or any similar action on assets (including

dispositions in connection therewith);

(h)any financing transaction with respect to property built or acquired by

Intermediate Holdings or any Restricted Subsidiary after the Closing Date, including Sale

Leasebacks and asset securitizations permitted by this Agreement;

(i)(1) any surrender or waiver of contractual rights or the settlement, release, or

surrender of contractual rights or other litigation claims, (2) the termination or collapse of cost

sharing agreements with Intermediate Holdings or any Subsidiary and the settlement of any

crossing payments in connection therewith, or (3) the settlement, discount, write off, forgiveness,

or cancellation of any Indebtedness owing by any present or former consultants, directors,

officers, or employees of Intermediate Holdings (or any direct or indirect parent company of

Intermediate Holdings) or any Subsidiary or any of their successors or assigns;

(j)the disposition or discount of inventory, accounts receivable, or notes receivable

in the ordinary course of business or the conversion of accounts receivable to notes receivable;

(k)the licensing, cross-licensing or sublicensing of Intellectual Property or other

general intangibles in the ordinary course of business;

(l)the unwinding of any Hedging Obligations or obligations in respect of Cash

Management Services;

(m)sales, transfers, and other dispositions of Investments in joint ventures to the

extent required by, or made pursuant to, customary buy/sell arrangements between the joint

venture parties set forth in joint venture arrangements and similar binding arrangements;

(n)the expiration, lapse, ceasing to enforce, allowing to lapse abandonment or

invalidation of, discontinued use, prosecution or maintenance of, putting into the public domain,

abandonment of Intellectual Property in the ordinary course of business, which in the reasonable

business judgment of Intermediate Holdings is not material to the conduct of the business of

Intermediate Holdings and the Restricted Subsidiaries, taken as a whole;

(o)the issuance of directors’ qualifying shares and shares issued to foreign nationals

as required by applicable law;

(p)dispositions of property to the extent that (1) such property is exchanged for

credit (of comparable or greater Fair Market Value as determined in good faith by Intermediate

Holdings) against the purchase price of similar replacement property that is purchased within 365

days thereof or (2) the proceeds of such disposition are promptly applied to the purchase price of

such replacement property (which replacement property is actually purchased within 365 days

thereof);

(q)leases, assignments, subleases, licenses, or sublicenses (other than with respect

to Intellectual Property), in each case in the ordinary course of business and which do not

materially interfere with the business of Intermediate Holdings and the Restricted Subsidiaries,

taken as a whole;

-9-

(r)dispositions of non-core assets acquired in connection with any Permitted

Acquisition or Investment permitted hereunder (including to obtain the approval of any applicable

antitrust authority); provided that the Fair Market Value of the assets so disposed in any such

disposition shall not exceed a de minimis amount (as determined by Intermediate Holdings in

good faith) of the Fair Market Value of the total assets acquired in such Permitted Acquisition or

other Investment;

(s)any swap of assets in exchange for services or other assets in the ordinary course

of business of comparable or greater Fair Market Value or usefulness to the business of

Intermediate Holdings and its Restricted Subsidiaries, as a whole, as determined in good faith by

Intermediate Holdings;

(t)any transfer of Accounts in connection with customary factoring arrangements

pursuant to (x) arrangements in effect on the Closing Date and set forth on Schedule 10.4 hereof

or an amended or modified facility or replacement thereof and (y) similar arrangements to those

in effect on or prior to the Closing Date entered into in the ordinary course of business on market

terms generating Net Cash Proceeds, not to exceed an aggregate maximum permitted amount for

all such arrangements described in the foregoing subclauses (x) and (y) at any time in effect

equal to the greater of $14,000,000 and 35% of Consolidated EBITDA for the most recently

ended Test Period (calculated on a Pro Forma Basis) at any time outstanding (each, a “Permitted

Receivables Financing”); and

(u)other dispositions with a Fair Market Value not to exceed the greater of (x)

$16,000,000 and (y) 40% of Consolidated EBITDA for the most recently ended Test Period

(calculated on a Pro Forma Basis) in the aggregate since the Closing Date.

“Asset Sale Prepayment Event” shall mean any Asset Sale, or series of related Asset Sales,

subject to the Reinvestment Period allowed in Section 10.4; provided, that with respect to any Asset Sale

Prepayment Event, the Borrower shall not be obligated to make any prepayment otherwise required by

Section 5.2 unless the aggregate amount of Net Cash Proceeds from such Asset Sale Prepayment Event,

after giving effect to the reinvestment rights set forth herein, exceeds the greater of (i) $2,000,000 and (ii)

5% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis).

“Assignment and Acceptance” shall mean (i) an assignment and acceptance substantially in the

form of Exhibit F, or such other form as may be approved by the Administrative Agent and (ii) in the

case of any assignment of Term Loans in connection with a Permitted Debt Exchange conducted in

accordance with Section 2.15, such form of assignment (if any) as may be agreed by the Administrative

Agent and the Borrower in accordance with Section 2.15(a).

“Assignment Taxes” shall have the meaning provided in the definition of “Other Taxes”.

“Auction Agent” shall mean (i) the Administrative Agent or (ii) any other financial institution or

advisor employed by a Parent Guarantor, the Borrower, or any Subsidiary (whether or not an Affiliate of

the Administrative Agent) to act as an arranger in connection with any Permitted Debt Exchange

pursuant to Section 2.15 or Dutch auction pursuant to Section 13.6(h); provided that none of the Parent

Guarantors or the Borrower shall designate the Administrative Agent as the Auction Agent without the

written consent of the Administrative Agent (it being understood that the Administrative Agent shall be

under no obligation to agree to act as the Auction Agent); provided, further, that neither Holdings nor any

of its Subsidiaries may act as the Auction Agent.

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“Authorized Officer” shall mean, with respect to any Person, any individual holding the

position of chairman of the board (if an officer), the Chief Executive Officer, President, the Chief

Financial Officer, the Treasurer, the Controller, the Vice President-Finance, a Senior Vice President, a

Director, a Manager, the Secretary, the Assistant Secretary or any other senior officer or agent with

express authority to act on behalf of such Person designated as such by the board of directors or other

managing authority of such Person.

“Auto-Extension Letter of Credit” shall have the meaning provided in Section 3.2(d).

“Available Amount” shall mean, at any time, an amount (which shall not be less than zero)

equal to:

(a)the greater of (i) $14,000,000 and (ii) 35% of Consolidated EBITDA for the most

recently ended Test Period (calculated on a Pro Forma Basis), plus

(b)Retained Excess Cash Flow (which amount shall be deemed to be zero for each Fiscal

Quarter if the Consolidated Net Income for such Fiscal Quarter is less than zero) (this

clause (b), the “Available Amount Builder Component”), plus

(c)100% of the aggregate net cash proceeds and the Fair Market Value of marketable

securities or other property received by Intermediate Holdings since immediately after

the Closing Date from the issue or sale of (x) Equity Interests of Intermediate Holdings

(other than Disqualified Stock and other than any Cure Amount) or (y) Indebtedness of

Intermediate Holdings or a Restricted Subsidiary that has been converted into or

exchanged for such Equity Interests of Intermediate Holdings or any direct or indirect

parent company of Intermediate Holdings, plus

(d)100% of the aggregate amount of cash and the Fair Market Value of marketable

securities or other property contributed to the capital of Intermediate Holdings or

received by Intermediate Holdings after the sale of equity by Holdings (or its direct or

indirect Parent Entity) following the Closing Date that is not otherwise applied (other

than Disqualified Stock and other than any Cure Amount), plus

(e)100% of the aggregate amount received in cash and the Fair Market Value of

marketable securities or other property received by Intermediate Holdings by means of

(A) the sale or other disposition (other than to Intermediate Holdings or a Restricted

Subsidiary) of Investments made by Intermediate Holdings and the Restricted

Subsidiaries pursuant to Section 10.6(s) and repurchases and redemptions of such

Investments from Intermediate Holdings and the Restricted Subsidiaries and

repayments of loans or advances, and releases of guarantees, which constitute

Investments made by Intermediate Holdings or the Restricted Subsidiaries pursuant to

Section 10.6(s), in each case, after the Closing Date and not in excess of the amount of

such original Investment; (B) returns, profits, distributions and similar amounts

received by Intermediate Holdings and the Restricted Subsidiaries on Investments

made pursuant to Section 10.6(s) and not in excess of the amount of such original

Investment; or (C) the sale (other than to Intermediate Holdings or a Restricted

Subsidiary) of the stock of an Unrestricted Subsidiary or a distribution from an

Unrestricted Subsidiary or a dividend from an Unrestricted Subsidiary after the

Closing Date, plus

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(f)[reserved], plus

(g)[reserved]; minus

(h)an amount equal to the sum of (i) Restricted Payments made pursuant to

Section 10.5(i), plus (ii) Investments made pursuant to Section 10.6(s), plus

(iii) payments or distributions in respect of Junior Debt made pursuant to

Section 10.7(e), in each case, made after the Closing Date and prior to such time, or

contemporaneously therewith.

“Available Amount Builder Component” shall have the meaning set forth in the definition of

“Available Amount”.

“Available Commitment” shall mean, at any time, an amount equal to the excess, if any, of

(i) the amount of the Total Revolving Credit Commitment over (ii) the sum of the aggregate principal

amount of, without duplication, (a) all Revolving Credit Loans then outstanding and (b) the aggregate

Letters of Credit Outstanding at such time.

“Available Tenor” shall mean, as of any date of determination and with respect to the

then-current Benchmark, as applicable, any tenor for such Benchmark (or component thereof) or payment

period for interest calculated with reference to such Benchmark (or component thereof), as applicable,

that is or may be used for determining the length of an Interest Period for any term rate or otherwise, for

determining any frequency of making payments of interest calculated pursuant to this Agreement as of

such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is

then-removed from the definition of “Interest Period” pursuant to Section 1.14.

“Bail-In Action” shall mean 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” shall mean, (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” shall have the meaning provided in Section 11.5.

“Benchmark” or “Benchmark Rate” shall mean, initially, for any Interest Period for a

Benchmark Rate Loan, Term SOFR; provided that, if a Benchmark Transition Event, and the related

Benchmark Replacement Date have occurred with respect to Term SOFR or the then-current Benchmark

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

Benchmark Replacement has replaced such prior Benchmark rate pursuant to Section 1.14; provided,

further, that, notwithstanding the foregoing, the Benchmark Rate shall at no time be less than the Floor.

“Benchmark Rate Borrowing” shall mean a Borrowing comprised of Benchmark Rate Loans.

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“Benchmark Rate Loan” shall mean a Loan bearing interest at a rate determined by reference to

the Benchmark Rate.

“Benchmark Replacement Adjustment” shall mean, with respect to any replacement of the

then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period

and Available Tenor for any setting of such Unadjusted Benchmark Replacement, the spread adjustment,

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

value or zero) that has been selected by the Administrative Agent and the Borrower for the applicable

Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread

adjustment, or method for calculating or determining such spread adjustment, for the replacement of such

Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental

Body on the applicable Benchmark Replacement Date and/or (ii) any evolving or then-prevailing market

convention for determining a spread adjustment, or method for calculating or determining such spread

adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark

Replacement for dollar-denominated syndicated credit facilities at such time.

“Benchmark Replacement” shall mean, for any Available Tenor, the first alternative set forth in

the order below that can be determined by the Administrative Agent for the applicable Benchmark

Replacement Date:

(1)the Adjusted Daily Simple SOFR;

(2)the sum of: (a) the alternate Benchmark rate that has been selected by the Administrative

Agent and the Borrower as the replacement for the then-current Benchmark for the applicable

Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement

Benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii)

any evolving or then-prevailing market convention for determining a Benchmark rate as a replacement

for the then-current Benchmark for dollar-denominated syndicated credit facilities at such time in the

United States and (b) the related Benchmark Replacement Adjustment;

If the Benchmark Replacement as determined pursuant to clause (1) or (2) above would be less

than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this

Agreement and the other Credit Documents.

“Benchmark Replacement Date” shall mean, with respect to any Benchmark, the earliest to

occur of the following events with respect to such then-current Benchmark:

(1)in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the

later of (a) the date of the public statement or publication of information referenced therein and (b) the

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

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

component thereof); or

(2)in the case of clause (3) 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 no longer representative; provided, that such non-representativeness will be

determined by reference to the most recent statement or publication referenced in such clause (3) and

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

such date.

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For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date

occurs on the same day as, but earlier than, the Interest Rate Determination Date in respect of any

determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Interest

Rate Determination Date for such determination and (ii) the “Benchmark Replacement Date” will be

deemed to have occurred in the case of clause (1) or (2) with respect to any Benchmark upon the

occurrence of the applicable event or events set forth therein with respect to all then-current Available

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

“Benchmark Transition Event” shall mean, with respect to any Benchmark, the occurrence of

one or more of the following events with respect to such then-current Benchmark:

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

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

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

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

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

Benchmark (or such component thereof);

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

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

of Governors, the Federal Reserve Bank of New York, the Term SOFR Administrator, 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), in each case, which states that the administrator of such Benchmark (or such

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

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

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

Benchmark (or such component thereof); or

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

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

announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer, or

as of a specified future date will no longer 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 Unavailability Period” shall mean, 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 Credit Document in

accordance with Section 1.14(e) and (b) ending at the time that a Benchmark Replacement has replaced

the then-current Benchmark for all purposes hereunder and under any Credit Document in accordance

with Section 1.14(e).

“Beneficial Ownership Certification” shall mean a certification regarding beneficial ownership

required by the Beneficial Ownership Regulation.

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

“Benefit Plan” shall mean 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”.

“Benefited Lender” shall have the meaning provided in Section 13.8(a).

“BHC Act Affiliate” of a party shall mean an “affiliate” under, and interpreted in accordance

with, 12 U.S.C. 1841(k) of such party.

“Board” shall mean the Board of Governors of the Federal Reserve System of the United States

(or any successor).

“Bonding Obligations” shall have the meaning provided in the definition of the term

“Consolidated Total Debt”.

“Borrower” shall have the meaning provided in the preamble to this Agreement.

“Borrower Joinder Agreement” shall mean the joinder hereto by any Additional Borrower, as a

new Borrower pursuant to a joinder agreement in substantially the form of Exhibit N hereto, among such

Additional Borrower, the Borrower and the Administrative Agent.

“Borrower Materials” shall have the meaning provided in Section 13.17(b).

“Borrowing” shall mean (i) Loans of the same Class and Type, made, converted, or continued on

the same date and, in the case of Benchmark Rate Loans, as to which a single Interest Period is in effect

or (ii) a Swingline Loan.

“Business Day” shall mean any day excluding Saturday, Sunday, and any other day on which

banking institutions in New York City are authorized by law or other governmental actions to close.

“Capital Expenditures” shall mean, for any period, the aggregate of all expenditures (whether

paid in cash or accrued as liabilities and including in all events all amounts expended or capitalized under

Capital Leases) by Intermediate Holdings and the Restricted Subsidiaries during such period that, in

conformity with GAAP, are or are required to be included as additions during such period to property,

plant, or equipment reflected in the consolidated balance sheet of Intermediate Holdings and the

Restricted Subsidiaries (including capitalized software expenditures, website development costs, website

content development costs, customer acquisition costs and incentive payments, conversion costs, and

contract acquisition costs).

“Capital Lease” shall mean, as applied to any Person, any lease of any property (whether real,

personal, or mixed) by that Person as lessee that, in conformity with GAAP, is, or is required to be,

accounted for as a capital lease on the balance sheet of that Person, subject to Section 1.12.

“Capital Stock” shall mean (i) in the case of a corporation, corporate stock, (ii) in the case of an

association or business entity, any and all shares, interests, participations, rights, or other equivalents

(however designated) of corporate stock, (iii) in the case of a partnership or limited liability company,

partnership or membership interests (whether general or limited), and (iv) any other interest or

-15-

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 (it being understood and agreed, for the avoidance of doubt,

that “cash-settled phantom appreciation programs” in connection with employee benefits that do not

require a dividend or distribution shall not constitute Capital Stock).

“Capitalized Lease Obligation” shall mean, at the time any determination thereof is to be made,

the amount of the liability in respect of a Capital Lease that would at such time be required to be

capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in

accordance with GAAP, subject to Section 1.12.

“Cash Collateral” shall have a meaning correlative to the immediately succeeding paragraph

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

“Cash Collateralize” shall mean to pledge and deposit with or deliver to the Administrative

Agent, for the benefit of one or more of the Letter of Credit Issuers or the Revolving Credit Lenders

(including the Swingline Lender), as collateral for L/C Obligations or obligations of the Revolving Credit

Lenders (including those of the Swingline Lender) to fund participations in respect of L/C Obligations,

cash or deposit account balances or, if the Administrative Agent and the Letter of Credit Issuer shall

agree in their sole discretion, other credit support.

“Cash Equivalents” shall mean:

(i)Dollars,

(ii)(a) Euro, Pounds Sterling, Yen, Swiss Francs, Canadian Dollars, or any national

currency of any member state in the European Union or (b) local currencies held from time to

time in the ordinary course of business,

(iii)securities issued or directly and fully and unconditionally guaranteed or insured

by the United States government or any country that is a member state of the European Union or

any agency or instrumentality thereof the securities of which are unconditionally guaranteed as a

full faith and credit obligation of such government with maturities of 24 months or less from the

date of acquisition,

(iv)certificates of deposit, time deposits, and eurodollar time deposits with maturities

of one year or less from the date of acquisition, bankers’ acceptances with maturities not

exceeding one year, and overnight bank deposits, in each case with any commercial bank having

capital and surplus of not less than $100,000,000,

(v)repurchase obligations for underlying securities of the types described in

clauses (iii), (iv), and (ix) entered into with any financial institution meeting the qualifications

specified in clause (iv) above,

(vi)commercial paper rated at least P-2 by Moody’s or at least A-2 by S&P and in

each case maturing within 24 months after the date of creation thereof,

(vii)marketable short-term money market and similar securities having a rating of at

least P-2 or A-2 from either Moody’s or S&P, respectively (or, if at any time neither Moody’s

nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized

-16-

ratings agency) and in each case maturing within 24 months after the date of creation or

acquisition thereof,

(viii)readily marketable direct obligations issued by any state, commonwealth, or

territory of the United States or any political subdivision or taxing authority thereof having one

of the two highest rating categories obtainable from either Moody’s or S&P with maturities of 24

months or less from the date of acquisition,

(ix)indebtedness or preferred stock issued by Persons with a rating of “A” or higher

from S&P or “A2” or higher from Moody’s with maturities of 24 months or less from the date of

acquisition,

(x)solely with respect to any Foreign Subsidiary: (a) obligations of the national

government of the country in which such Foreign Subsidiary maintains its chief executive office

and principal place of business provided such country is a member of the Organization for

Economic Cooperation and Development, in each case maturing within one year after the date of

investment therein, (b) certificates of deposit of, bankers acceptances of, or time deposits with,

any commercial bank which is organized and existing under the laws of the country in which

such Foreign Subsidiary maintains its chief executive office and principal place of business

provided such country is a member of the Organization for Economic Cooperation and

Development, and whose short-term commercial paper rating from S&P is at least “A-2” or the

equivalent thereof or from Moody’s is at least “P-2” or the equivalent thereof (any such bank

being an “Approved Foreign Bank”), and in each case with maturities of not more than 24

months from the date of acquisition, and (c) the equivalent of demand deposit accounts which are

maintained with an Approved Foreign Bank, in each case, customarily used by corporations for

cash management purposes in any jurisdiction outside the United States to the extent reasonably

required in connection with any business conducted by such Foreign Subsidiary organized in

such jurisdiction,

(xi)in the case of investments by any Foreign Subsidiary or investments made in a

country outside the United States, Cash Equivalents shall also include investments of the type

and maturity described in clauses (i) through (ix) above of foreign obligors, which investments

have ratings, described in such clauses or equivalent ratings from comparable foreign rating

agencies, and

(xii)investment funds investing 90% of their assets in securities of the types

described in clauses (i) through (ix) above.

Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in

currencies other than those set forth in clauses (i) and (ii) above; provided that such amounts are

converted into any currency listed in clauses (i) and (ii) as promptly as practicable and in any event

within ten Business Days following the receipt of such amounts.

For the avoidance of doubt, any items identified as Cash Equivalents under this definition will be

deemed to be Cash Equivalents for all purposes under the Credit Documents regardless of the treatment

of such items under GAAP.

“Cash Management Agreement” shall mean any agreement or arrangement to provide Cash

Management Services.

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“Cash Management Bank” shall mean (i) any Person that, at the time it enters into a Cash

Management Agreement with Holdings, Intermediate Holdings, the Borrower or any Restricted

Subsidiary, is an Agent or a Lender or an Affiliate of an Agent or a Lender or (ii) any Person that is

designated by Intermediate Holdings as a “Cash Management Bank” by written notice to the

Administrative Agent substantially in the form of Exhibit L-2 or such other form reasonably acceptable

to the Administrative Agent.

“Cash Management Services” shall mean any one or more of the following types of services or

facilities: (i) commercial credit cards, merchant card services, purchase or debit cards, including non-card

e-payables services, or electronic funds transfer services, (ii) treasury management services (including

controlled disbursement, overdraft automatic clearing house fund transfer services, return items, and

interstate depository network services), (iii) any other demand deposit or operating account relationships

or other cash management services, including pursuant to any Cash Management Agreements and

(iv) and other services related, ancillary or complementary to the foregoing.

“Casualty Event” shall mean, with respect to any property of any Person, any loss of or damage

to, or any condemnation or other taking by a Governmental Authority of, such property for which such

Person or any of its Restricted Subsidiaries receives insurance proceeds or proceeds of a condemnation

award in respect of any equipment, fixed assets, or real property (including any improvements thereon) to

replace or repair such equipment, fixed assets, or real property; provided, that with respect to any

Casualty Event or series of related Casualty Events, the Borrower shall not be obligated to make any

prepayment otherwise required by Section 5.2 unless the aggregate amount of Net Cash Proceeds from

such Casualty Event or series of related Casualty Events, as applicable, after giving effect to the

reinvestment rights set forth herein, exceeds the greater of (i) $2,000,000 and (ii) 5% of Consolidated

EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis).

“CFC” shall mean a direct or indirect Subsidiary of Intermediate Holdings that is a “controlled

foreign corporation” within the meaning of Section 957 of the Code.

“CFC Holding Company” shall mean any direct or indirect Subsidiary of Intermediate Holdings

that has no material assets other than (as determined in the good faith of Intermediate Holdings) (a)

Capital Stock and/or Stock Equivalents (including, for this purpose, any debt or other instrument treated

as equity for U.S. federal income tax purposes) of one or more Foreign Subsidiaries that are CFCs or one

or more other CFC Holding Companies and (b) immaterial amounts of cash or Cash Equivalents and

other immaterial assets being held on a temporary basis incidental to the ownership of such assets

described in clause (a) hereof.

“Change in Law” shall mean (i) the adoption of any law, treaty, order, policy, rule, or regulation

after the Closing Date, (ii) any change in any law, treaty, order, policy, rule, or regulation or in the

interpretation or application thereof by any Governmental Authority after the Closing Date or

(iii) compliance by any Lender, Letter of Credit Issuer or L/C Participant with any guideline, request,

directive, or order issued or made after the Closing Date by any central bank or other governmental or

quasi-governmental authority (whether or not having the force of law), including, for avoidance of doubt,

any such adoption, change or compliance in respect of (a) the Dodd-Frank Wall Street Reform and

Consumer Protection Act and all requests, rules, regulations, guidelines, or directives thereunder or

issued in connection therewith and (b) 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 pursuant to

Basel III in each case, regardless of the date enacted, adopted or issued.

-18-

“Change of Control” shall mean and be deemed to have occurred if (i) at any time prior to an

IPO, the Permitted Holders shall at any time not own, in the aggregate, directly or indirectly, beneficially

and of record, at least 50% of the voting power of the outstanding Voting Stock of Holdings; (ii) at any

time after an IPO, any Person, entity, or “group” (within the meaning of Section 13(d) or 14(d) of the

Securities Exchange Act), other than the Permitted Holders, shall at any time have acquired direct or

indirect beneficial ownership of a percentage of the voting power of the outstanding Voting Stock of

Holdings that exceeds 35% thereof or the amount held by Permitted Holders, unless, in case of clause (i)

or clause (ii) above, the Permitted Holders have, at such time, the right or the ability by voting power,

contract, or otherwise to elect or designate for election at least a majority of the board of directors or

other managing authority of Holdings; (iii) Holdings shall cease to beneficially own, directly or indirectly,

100% of the issued and outstanding equity interests of Intermediate Holdings; or (iv) Intermediate

Holdings shall cease to beneficially own, directly or indirectly, 100% of the issued and outstanding equity

interests of Borrower. For the purpose of clauses (i), (ii) and (iii), at any time when a majority of the

outstanding Voting Stock of Holdings is directly or indirectly owned by a Parent Entity or, if applicable,

a Parent Entity acts as the manager, managing member or general partner of Holdings, references in this

definition to “Holdings”, shall be deemed to refer to the ultimate Parent Entity that directly or indirectly

owns such Voting Stock or acts as (or, if applicable, is a Parent Entity that directly or indirectly owns a

majority of the outstanding Voting Stock of) such manager, managing member or general partner. For

purposes of this definition, (i) “beneficial ownership” shall be as defined in Rules 13(d)-3 and 13(d)-5

under the Securities Exchange Act, (ii) the phrase Person or “group” is within the meaning of Section

13(d) or 14(d) of the Securities Exchange Act, but excluding any employee benefit plan of such Person or

“group” and its subsidiaries and any Person acting in its capacity as trustee, agent or other fiduciary or

administrator of any such plan, (iii) if any Person or “group” includes one or more Permitted Holders, the

issued and outstanding Equity Interests of Holdings, the IPO Entity or Intermediate Holdings, as

applicable, directly or indirectly owned by the Permitted Holders that are part of such Person or “group”

shall not be treated as being owned by such Person or “group” for purposes of determining whether clause

(ii) of this definition is triggered, and (iv) a Person or group shall not be deemed to beneficially own

Voting Stock subject to a stock or asset purchase agreement, merger agreement, option agreement,

warrant agreement or similar agreement (or voting or option or similar agreement related thereto) until the

consummation of the acquisition of such Voting Stock in connection with the transactions contemplated

by such agreement.

“Claims” shall have the meaning provided in the definition of “Environmental Claims”.

“Class” (i) when used in reference to any Loan or Borrowing, shall refer to whether such Loan,

or the Loans comprising such Borrowing, are Revolving Credit Loans, Additional Revolving Credit

Loans, New Revolving Credit Loans, Extended Revolving Credit Loans (of the same Extension Series),

Initial Term Loans, Delayed Draw Term Loans, New Term Loans (of each Series), Extended Term Loans

(of the same Extension Series) or Indebtedness under Replacement Facilities (of the same Series) or

Swingline Loans and (ii) when used in reference to any Commitment, refers to whether such

Commitment is a Revolving Credit Commitment, an Additional Revolving Credit Commitment, a New

Revolving Credit Commitment, an Extended Revolving Credit Commitment (of the same Extension

Series), an Initial Term Loan Commitment, aan Amendment No. 1 Incremental Term Loan

Commitment, a Delayed Draw Term Loan Commitment, a Replacement Facility Commitment, or a New

Term Loan Commitment.

“Closing Date” shall mean January 2, 2025.

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

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“Collateral” shall mean all property pledged or mortgaged or purported to be pledged or

mortgaged pursuant to the Security Documents, excluding in all events Excluded Property.

“Collateral Agent” shall mean MidCap, as collateral agent under the Security Documents, or

any successor collateral agent pursuant to Section 12.9, and any Affiliate or designee of MidCap, may act

as the Collateral Agent under any Credit Document.

“Commitment Fee” shall have the meaning provided in Section 4.1(a).

“Commitment Fee Rate” shall mean a rate per annum equal to 0.50%. Notwithstanding the

foregoing, (a) the Commitment Fee Rate in respect of any Class of Extended Revolving Credit

Commitments or any Extended Revolving Credit Loans shall be the applicable percentages per annum set

forth in the relevant Extension Amendment and (b) the Commitment Fee Rate in respect of any Class of

Refinancing Indebtedness that would constitute Revolving Credit Commitments shall be the applicable

percentages per annum set forth in the relevant agreement.

“Commitments” shall mean, with respect to each Lender (to the extent applicable), such

Lender’s Initial Term Loan Commitment, Amendment No. 1 Incremental Term Loan Commitment,

Delayed Draw Term Loan Commitment, New Term Loan Commitment, Revolving Credit

Commitment, Amendment No. 1 Incremental Revolving Credit Commitment, New Revolving Credit

Commitment, Extended Revolving Credit Commitment, Additional Revolving Credit Commitment, or

Incremental Revolving Credit Commitment.

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

as amended from time to time, and any successor statute.

“Communications” shall have the meaning provided in Section 13.17.

“Company” shall have the meaning provided in the preamble to this Agreement.

“Compliance Certificate” shall mean a certificate of a responsible financial or accounting officer

or director of Intermediate Holdings substantially in the form of Exhibit M delivered pursuant to Section

9.1(d) for the applicable Test Period.

“Confidential Information” shall have the meaning provided in Section 13.16.

“Conforming Changes” shall mean, 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 “ABR,” the

definition of “Business Day,” the definition of “US 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 2.11 and other technical, administrative or operational

matters) that the Administrative Agent, in consultation with the Borrower, 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, in consultation with the Borrower, decides that adoption of any portion of such

market practice is not administratively feasible or if the Administrative Agent, in consultation with the

Borrower, determines that no market practice for the administration of any such rate exists, in such other

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manner of administration as the Administrative Agent, in consultation with the Borrower, decides is

reasonably necessary in connection with the administration of this Agreement and the other Credit

Documents).

“Consolidated Depreciation and Amortization Expense” shall mean with respect to any Person

for any period, the total amount of depreciation and amortization expense, including the amortization of

deferred financing fees or costs, debt issuance costs, commissions, fees, and expenses, capitalized

expenditures (including capitalized software expenditures), customer acquisition costs, the amortization

of original issue discount resulting from the issuance of Indebtedness at less than par and incentive

payments, conversion costs, and contract acquisition costs of such Person and its Restricted Subsidiaries

for such period on a consolidated basis and otherwise determined in accordance with GAAP.

“Consolidated EBITDA” shall mean, with respect to any Person and its Restricted Subsidiaries

on a consolidated basis for any period, the Consolidated Net Income of such Person for such period:

(i)increased (without duplication) and to the extent not already included in

Consolidated Net Income by:

(a)provision for taxes based on gross receipts or income or profits or capital,

including, without limitation, U.S. federal, state, non-U.S., franchise, excise, value added,

and similar taxes and foreign withholding taxes of such Person paid or accrued during

such period deducted, including any penalties and interest related to such taxes or arising

from any tax examinations (and not added back) in computing Consolidated Net Income,

plus

(b)Fixed Charges of such Person for such period (including net losses on

Hedging Obligations or other derivative instruments entered into for the purpose of

hedging interest rate risk to the extent included in Fixed Charges), together with items

excluded from the definition of Consolidated Interest Expense and any non-cash interest

expense, in each case to the extent the same were deducted (and not added back) in

calculating such Consolidated Net Income, plus

(c)Consolidated Depreciation and Amortization Expense of such Person for

such period to the extent the same were deducted (and not added back) in computing

Consolidated Net Income, plus

(d)any expenses, fees, charges, or losses (other than depreciation or

amortization expense) related to any Equity Offering, Permitted Investment, Restricted

Payment, acquisition, disposition, recapitalization, or the incurrence of Indebtedness

permitted to be incurred by this Agreement (including a refinancing thereof) (whether or

not successful and including any such transaction consummated prior to the Closing

Date), including (1) such fees, expenses, or charges related to the incurrence of the Loans

hereunder and all Transaction Expenses, (2) such fees, expenses, or charges related to the

offering of the Credit Documents and any other credit facilities or debt issuances, and (3)

any amendment or other modification of the Loans hereunder or other Indebtedness,

and, in each case, deducted (and not added back) in computing Consolidated Net

Income, plus

(e)any other non-cash charges, including any write offs, write downs,

expenses, losses, any effects of adjustments resulting from the application of purchase

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accounting, purchase price accounting (including any step-up in inventory and loss of

profit on the acquired inventory) or other items to the extent the same were deducted

(and not added back) in computing Consolidated Net Income (provided that if any such

non-cash charges represent an accrual or reserve for potential cash items in any future

period, the cash payment in respect thereof in such future period shall be deducted from

Consolidated EBITDA to such extent, and excluding amortization of a prepaid cash item

that was paid in a prior period), plus

(f)the amount of any net income (loss) attributable to non-controlling

interests in any non-Wholly-Owned Subsidiary deducted (and not added back) in such

period in calculating Consolidated Net Income, plus

(g)the amount of management, monitoring, consulting and advisory fees

(including termination fees) and related indemnities and expenses paid or accrued in such

period to the Sponsor or its Affiliates and permitted to be paid or accrued pursuant to the

terms of this Agreement; plus

(h)costs of surety bonds incurred in such period in connection with

financing activities, plus

(i)the amount of any “run rate” cost savings, operating expense reductions,

operating enhancements and other cost synergies (in each case, net of the amount of

actual benefits realized prior to or during such period from such actions and costs

incurred to achieve the same) that are reasonably identifiable and factually supportable

related to (A) the Transactions and (B) mergers and other business combinations,

acquisitions, dispositions and other specified transactions, restructurings, cost savings

initiatives and other initiatives (including in respect of the pro forma adjustments and

addbacks set forth in clause (v)(B) below and including any charges and expenses

incurred in connection with Capital Expenditures for future expansion and business

optimization projects which cost savings, operating expense reductions, operating

enhancements and other cost synergies shall be calculated on a Pro Forma Basis as

though such cost savings, operating expense reductions, operating enhancements and

cost synergies had been realized on the first day of such period); provided that such cost

savings, operating expense reductions, operating enhancements and other cost synergies

are projected by Intermediate Holdings in good faith to result from actions that have been

either taken, with respect to which substantial steps have been taken or are committed to

be taken or planned to be taken within (x) 24 months of the Closing Date with respect to

clause (A) above and (y) 24 months of such merger or other business combination,

acquisition, disposition or other specified transaction, restructuring, cost savings initiative

or other initiative with respect to clause (B) above; plus

(j)any costs or expense incurred by Intermediate Holdings or a Restricted

Subsidiary pursuant to any management equity plan or stock option or phantom equity

plan or any other management or employee benefit plan or agreement or any stock

subscription or shareholder agreement, to the extent that such cost or expenses are

funded with cash proceeds contributed to the capital of Intermediate Holdings or net cash

proceeds of an issuance of Equity Interests of Intermediate Holdings (other than

Disqualified Stock), plus

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(k)the amount of expenses relating to payments made to option, phantom

equity or profits interest holders of Intermediate Holdings or any of its any direct or

indirect subsidiaries or parent companies in connection with, or as a result of, any

distribution being made to equity holders of such Person or its direct or indirect parent

companies, which payments are being made to compensate such option, phantom equity

or profits interest holders as though they were equity holders at the time of, and entitled

to share in, such distribution, in each case to the extent permitted under this Agreement

and expenses relating to distributions made to equity holders of such Person or its direct

or indirect parent companies resulting from the application of Financial Accounting

Standards Codification Topic 718—Compensation—Stock Compensation (formerly

Financial Accounting Standards Board Statement No. 123 (Revised 2004)), plus

(l)with respect to any joint venture that is not a Restricted Subsidiary, an

amount equal to the proportion of those items described in clauses (a) and (c) above

relating to such joint venture corresponding to Intermediate Holdings and the Restricted

Subsidiaries’ proportionate share of such joint venture’s Consolidated Net Income

(determined as if such joint venture were a Restricted Subsidiary), plus

(m)cash receipts (or any netting arrangements resulting in reduced cash

expenses) not included in Consolidated EBITDA in any period solely to the extent that

the corresponding non-cash gains relating to such receipts were deducted in the

calculation of Consolidated EBITDA pursuant to clause (ii) below for any previous

period and not added back, plus

(n)any expenses and charges that are reimbursed by indemnification or

other similar provisions in connection with any investment or any sale, conveyance,

transfer, or other disposition of assets (in each case, to the extent covered by contractual

indemnification or reimbursement agreements) and (1) to the extent covered by

insurance and actually reimbursed or otherwise paid, or, (2) so long as Intermediate

Holdings has made a determination that there exists reasonable evidence that such

amount will in fact be reimbursed by the indemnitor, third party counter party or insurer

and only to the extent that such amount is (A) not denied by the applicable indemnitor or

counterparty or carrier in writing within 180 days and (B) in fact reimbursed within 365

days of the date of the determination by Intermediate Holdings that there exists such

evidence (with a deduction for any amount so added back to the extent not so reimbursed

within such 365 days) or reimbursed by a third party, expenses with respect to liability or

casualty events or business interruption, plus

(o)charges, expenses and other items (x) described in the Financial Model

and (y) described in the quality of earnings report delivered to the Lead Arrangers prior to

the Closing Date, plus

(p)any net pension or other post-employment benefit costs representing

amortization of unrecognized prior service costs, actuarial losses, including amortization

of such amounts arising in prior periods, amortization of the unrecognized net obligation

(and loss or cost) existing at the date of initial application of FASB Accounting

Standards Codification Topic 715—Compensation—Retirement Benefits, and any other

items of a similar nature, plus

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(q)retention, recruiting, relocation, expansion and signing bonuses or

completion bonuses and expenses, stock option and other equity-based compensation

expenses, expenses related to cost savings initiatives, severance costs, transaction fees

and expenses and management, monitoring, consulting and advisory fees, indemnities

and related expenses paid or accrued in such Test Period to (or on behalf of) the Sponsor

pursuant to the Advisory Services Agreement, including, without limitation, any one

time expenses relating to enhanced accounting functions or other transaction costs,

including those associated with becoming a standalone entity or a public company;

provided that any fees payable to Sponsor shall be limited to such amounts permitted to

be paid pursuant to the terms of this Agreement; plus

(r)other accruals and expenses (including rationalization, legal, tax,

structuring and other costs and expenses) related to the Transactions, Permitted

Acquisitions, Investments, Restricted Payments and dispositions or issuance of debt or

equity, whether or not consummated and all cash dividends (and non-cash dividend

expenses) on any series of preferred stock to the extent paid; plus

(s)adjustments set forth in any quality of earnings reports delivered to the

Administrative Agent in connection with Permitted Acquisitions or similar Investments

consummated after the Closing Date that are prepared by a nationally recognized firm or

other firm reasonably acceptable to the Administrative Agent (it being understood and

agreed that Forvis Mazars, LLP and any of the “Big Four” accounting firms are

acceptable); plus

(t)non-recurring litigation or claim settlement charges or expenses; plus

(u)pre-opening expenses and “start-up costs” (as determined by

Intermediate Holdings) related to the acquisition, opening and organizing of any new

facility or new business line and all other location-specific costs with respect to any such

new facility or new business line, in each case (i) incurred prior to the first day any such

new facility or new business is determined by Intermediate Holdings to be open for

business or operation and/or (ii) costs associated with the construction of any new

facility to the extent incurred within four Fiscal Quarters following the opening of such

new facilities (without duplication of amounts in subclause (i) above); plus

(v)(A) severance, relocation costs, integration and facilities’ or bases’

opening costs, costs related to closure/consolidation of facilities and other business

optimization expenses (including related to new product introductions and other strategic

or cost savings initiatives), (B) restructuring charges and related charges, accruals or

reserves (including restructuring and integration costs related to acquisitions and

adjustments to existing reserves), whether or not classified as restructuring expense on

the consolidated financial statements, and (C) signing costs, retention or completion

bonuses, other executive recruiting and retention costs, transition costs, costs related to

closure/consolidation of facilities or bases and curtailments or modifications to pension

and post-retirement employee benefit plans (including any settlement of pension

liabilities and charges resulting from changes in estimates, valuations and judgments);

plus

(w)[reserved]; plus

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(x)one-time integration, separation or carve-out charges, expenses or losses

in an aggregate amount not to exceed 15% of Consolidated EBITDA for such period; plus

provided, that the aggregate amount included in Consolidated EBITDA pursuant to clauses (i),

(u) and (v)(B) (other than any amounts included pursuant to adjustments consistent with

Regulation S-X (as in effect prior to January 1, 2021)) of this definition for any period shall not

exceed 35% of Consolidated EBITDA for such period (with such calculation being made after

giving effect to all add-backs and adjustments and, for the avoidance of doubt, after giving Pro

Forma Effect to any action or transaction);

(ii)decreased by (without duplication) non-cash gains increasing Consolidated Net

Income of such Person for such period, excluding any non-cash gains which represent the

reversal of any accrual of, or cash reserve for, anticipated cash charges that reduced Consolidated

EBITDA in any prior period other than non-cash gains relating to the application of Financial

Accounting Standards Codification Topic 840— Leases (formerly Financial Accounting

Standards Board Statement No. 13); provided that, to the extent non-cash gains are deducted

pursuant to this clause (ii) for any previous period and not otherwise added back to Consolidated

EBITDA, Consolidated EBITDA shall be increased by the amount of any cash receipts (or any

netting arrangements resulting in reduced cash expenses) in respect of such non-cash gains

received in subsequent periods to the extent not already included therein,

(iii)increased or decreased by (without duplication):

(a)any net gain or loss resulting in such period from currency gains or

losses related to Indebtedness, intercompany balances, and other balance sheet items, plus

or minus, as the case may be, and

(b)any net gain or loss resulting in such period from Hedging Obligations,

and the application of Financial Accounting Standards Codification Topic 815—

Derivatives and Hedging (ASC 815) (formerly Financing Accounting Standards Board

Statement No. 133), and its related pronouncements and interpretations, or the equivalent

accounting standard under GAAP or an alternative basis of accounting applied in lieu of

GAAP.

For the avoidance of doubt:

(i)to the extent included in Consolidated Net Income, there shall be excluded in

determining Consolidated EBITDA for any period any adjustments resulting from the application of ASC

815 and its related pronouncements and interpretations, or the equivalent accounting standard under

GAAP or an alternative basis of accounting applied in lieu of GAAP,

(ii)there shall be included in determining Consolidated EBITDA for any period,

without duplication, (1) the Acquired EBITDA of any Person or business, or attributable to any property,

store or other asset acquired by Intermediate Holdings or any Restricted Subsidiary during such period

(but not the Acquired EBITDA of any related Person or business or any Acquired EBITDA attributable

to any assets or property, in each case to the extent not so acquired) to the extent not subsequently sold,

transferred, abandoned, or otherwise disposed by Intermediate Holdings or such Restricted Subsidiary

during such period (each such Person, business, property, or asset acquired and not subsequently so

disposed of, an “Acquired Entity or Business”) and the Acquired EBITDA of any Unrestricted

Subsidiary that is converted into a Restricted Subsidiary during such period (each, a “Converted

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Restricted Subsidiary”), based on the actual Acquired EBITDA of such Acquired Entity or Business or

Converted Restricted Subsidiary for such period (including the portion thereof occurring prior to such

acquisition or conversion) and (2) an adjustment in respect of each Acquired Entity or Business equal to

the amount of the Pro Forma Adjustment with respect to such Acquired Entity or Business for such period

(including the portion thereof occurring prior to such acquisition); and

(iii)to the extent included in Consolidated Net Income, there shall be excluded in

determining Consolidated EBITDA for any period the Disposed EBITDA of any Person, property, store,

business, or asset sold, transferred, abandoned, or otherwise disposed of, closed or classified as

discontinued operations by Intermediate Holdings or any Restricted Subsidiary during such period (each

such Person, property, store business, or asset so sold or disposed of, a “Sold Entity or Business”), and

the Disposed EBITDA of any Restricted Subsidiary that is converted into an Unrestricted Subsidiary

during such period (each, a “Converted Unrestricted Subsidiary”) based on the actual Disposed

EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary for such period

(including the portion thereof occurring prior to such sale, transfer, or disposition or conversion);

provided that, for the avoidance of doubt, (i) notwithstanding any classification under GAAP of any

Person or business in respect of which a definitive agreement for the disposition thereof has been entered

into as discontinued operations, the Disposed EBITDA of such Person or business shall not be excluded

pursuant to this paragraph until such disposition shall have been consummated and (ii) Consolidated

EBITDA of any property, store or business that is relocated or whose territory is otherwise covered by an

existing store or planned to be covered by a new store within one year shall not be excluded pursuant to

this paragraph.

Notwithstanding anything to the contrary contained herein, for purposes of determining

Consolidated EBITDA under this Agreement for any Test Period that includes any of the fiscal quarters

listed below, Consolidated EBITDA for such fiscal quarters shall be as set forth below, in each case as

may be subject to addbacks and adjustments (without duplication) above set forth in clause (a)(i) and

sections relating to pro forma adjustments for the applicable Test Period.

	Fiscal Quarter ending:	Consolidated EBITDA
	December 31, 2023	$6,742,456
	March 31, 2024	$4,355,683
	June 30, 2024	$11,948,915
	September 30, 2024	$10,017,992

“Consolidated First Lien Secured Debt” shall mean Consolidated Total Debt that is secured by

a Lien on the Collateral that ranks on an equal priority basis (but without regard to the control of

remedies) with Liens on the Collateral securing the Obligations.

“Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio” shall mean, as of any

date of determination, the ratio of (a) Consolidated First Lien Secured Debt as of such date of

determination, to (b) Consolidated EBITDA of Intermediate Holdings for the Test Period most recently

ended on or prior to such date of determination.

“Consolidated Interest Expense” shall mean the sum of (1) cash interest expense (including

that attributable to Capitalized Lease Obligations), net of cash interest income of such Person and its

Restricted Subsidiaries with respect to all outstanding Indebtedness of such Person and its Restricted

Subsidiaries, including all commissions, discounts and other fees and charges owed with respect to letters

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of credit and bankers’ acceptance financing and net costs under hedging agreements, but excluding, for

the avoidance of doubt, (a) amortization of deferred financing costs, debt issuance costs, commissions,

fees and expenses and any other amounts of non-cash interest (including as a result of the effects of

acquisition method accounting or pushdown accounting), (b) non-cash interest expense attributable to the

movement of the mark-to-market valuation of Indebtedness or obligations under Hedging Obligations or

other derivative instruments pursuant to FASB Accounting Standards Codification Topic 815—

Derivatives and Hedging, (c) any one-time cash costs associated with breakage in respect of hedging

agreements for interest rates, (d) any “additional interest” owing pursuant to a registration rights

agreement with respect to any securities, (e) any payments with respect to make-whole premiums or other

breakage costs of any Indebtedness, including, without limitation, any Indebtedness issued in connection

with the Transactions, (f) penalties and interest relating to taxes, (g) accretion or accrual of discounted

liabilities not constituting Indebtedness, (h) interest expense attributable to a direct or indirect Parent

Entity resulting from push-down accounting, (i) any expense resulting from the discounting of

Indebtedness in connection with the application of recapitalization or purchase accounting, and (j) any

interest expense attributable to the exercise of appraisal rights and the settlement of any claims or actions

(whether actual, contingent or potential), with respect thereto and with respect to the Transactions, any

acquisition or Investment permitted hereunder, all as calculated on a consolidated basis.

For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to

accrue at an interest rate reasonably determined by such Person to be the rate of interest implicit in such

Capitalized Lease Obligation in accordance with GAAP.

“Consolidated Net Income” shall mean, with respect to any Person for any period, the aggregate

of the Net Income, of such Person and its Restricted Subsidiaries for such period, on a consolidated basis,

and on an after-tax basis to the extent appropriate, and otherwise determined in accordance with GAAP;

provided that, without duplication,

(i)extraordinary, non-recurring or unusual gains or losses (less all fees and

expenses relating thereto) or expenses (including any unusual or non-recurring operating

expenses directly attributable to the implementation of cost savings initiatives and any accruals

or reserves in respect of any extraordinary, non-recurring or unusual items), shall be excluded,

(ii)the Net Income for such period shall not include the cumulative effect of a

change in accounting principles and changes as a result of the adoption or modification of

accounting policies during such period, shall be excluded,

(iii)any gain (loss) (less all fees and expenses relating thereto) on asset sales,

disposals or abandonments (other than asset sales, disposals or abandonments in the ordinary

course of business) or discontinued operations (but if such operations are classified as

discontinued due to the fact that they are subject to an agreement to dispose of such operations,

only when and to the extent such operations are actually disposed of), shall be excluded,

(iv)any effect of gains or losses (less all fees and expenses relating thereto)

attributable to asset dispositions or abandonments other than in the ordinary course of business, as

determined in good faith by the sole member or similar governing body of Intermediate Holdings,

shall be excluded,

(v)the Net Income for such period of any Person that is not, Intermediate Holdings

or a Subsidiary, or is an Unrestricted Subsidiary, or that is accounted for by the equity method of

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accounting, shall be excluded; provided that Consolidated Net Income of Intermediate Holdings

shall be increased by the amount of dividends or distributions or other payments that are actually

paid in cash (or to the extent converted into cash or Cash Equivalents) to the referent Person or a

Restricted Subsidiary thereof in respect of such period,

(vi)effects of adjustments (including the effects of such adjustments pushed down to

Intermediate Holdings and the Restricted Subsidiaries) in any line item in such Person’s

consolidated financial statements required or permitted by Financial Accounting Standards

Codification Topic 805 – Business Combinations and Topic 350 – Intangibles-Goodwill and

Other (ASC 805 and ASC 350) (formerly Financial Accounting Standards Board Statement Nos.

141 and 142, respectively) resulting from the application of purchase accounting, including in

relation to the Transactions and any acquisition that is consummated after the Closing Date or the

amortization or write-off of any amounts thereof, net of taxes, shall be excluded,

(vii)(a) any effect of income (loss) from the early extinguishment of Indebtedness or

Hedging Obligations or other derivative instruments (including deferred financing costs written

off and premiums paid), (b) any non-cash income (or loss) related to currency gains or losses

related to Indebtedness, intercompany balances, and other balance sheet items and to Hedging

Obligations pursuant to ASC 815 (or such successor provision), and (c) any non-cash expense,

income, or loss attributable to the movement in mark-to-market valuation of foreign currencies,

Indebtedness, or derivative instruments pursuant to GAAP, shall be excluded,

(viii)any impairment charge, asset write-off, or write-down pursuant to ASC 350 and

Financial Accounting Standards Codification Topic 360 – Impairment and Disposal of Long-

Lived Assets (ASC 360) (formerly Financial Accounting Standards Board Statement No. 144)

and the amortization of intangibles arising pursuant to ASC 805 shall be excluded,

(ix)(a) any non-cash compensation expense recorded from or in connection with any

share-based compensation arrangements including stock appreciation or similar rights, phantom

equity, stock options, restricted stock, capital or profits interests or other rights to officers,

directors, managers, or employees and (b) non-cash income (loss) attributable to deferred

compensation plans or trusts, shall be excluded,

(x)any fees and expenses incurred during such period, or any amortization thereof

for such period, in connection with any acquisition, Investment, recapitalization, asset sale,

issuance, or repayment of Indebtedness, issuance of Equity Interests, refinancing transaction or

amendment or modification of any debt instrument (in each case, including any such transaction

consummated prior to the Closing Date and any such transaction undertaken but not completed)

and any charges or non-recurring merger costs incurred during such period as a result of any such

transaction shall be excluded,

(xi)accruals and reserves (including contingent liabilities) that are established or

adjusted within twelve months after the Closing Date that are so required to be established as a

result of the Transactions in accordance with GAAP, or changes as a result of adoption or

modification of accounting policies, shall be excluded,

(xii)to the extent covered by insurance or indemnification and actually reimbursed,

or, so long as Intermediate Holdings has made a determination that there exists reasonable

evidence that such amount will in fact be reimbursed by the insurer or indemnifying party and

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only to the extent that such amount is (a) not denied by the applicable carrier or indemnifying

party in writing within 180 days and (b) in fact reimbursed within 365 days of the date of the

determination by Intermediate Holdings that there exists such evidence (with a deduction for any

amount so added back to the extent not so reimbursed within 365 days) or reimbursed by a third

party, losses and expenses with respect to liability or casualty events or business interruption shall

be excluded,

(xiii)any deferred tax expense associated with tax deductions or net operating losses

arising as a result of the Transactions, or the release of any valuation allowance related to such

items, shall be excluded, and

(xiv)any costs or expenses incurred during such period relating to environmental

remediation, litigation, or other disputes in respect of events and exposures that occurred prior to

the Closing Date shall be excluded.

“Consolidated Senior Secured Debt” shall mean Consolidated Total Debt that is secured by a

Lien on the Collateral.

“Consolidated Senior Secured Debt to Consolidated EBITDA Ratio” shall mean, as of any

date of determination, the ratio of (a) Consolidated Senior Secured Debt as of such date of determination,

to (b) Consolidated EBITDA of Intermediate Holdings for the Test Period most recently ended on or

prior to such date of determination.

“Consolidated Total Assets” shall mean, as of any date of determination, the amount that

would, in conformity with GAAP, be set forth opposite the caption “total assets” (or any like caption) on

the most recent consolidated balance sheet of Intermediate Holdings and the Restricted Subsidiaries at

such date.

“Consolidated Total Debt” shall mean, as at any date of determination, (a) an amount equal to

the sum of the aggregate amount of all outstanding Indebtedness of Intermediate Holdings and its

Restricted Subsidiaries on a consolidated basis in accordance with GAAP consisting only of third party

Indebtedness for borrowed money, obligations in respect of surety, performance or similar bonds or

instruments issued in the ordinary course of business or consistent with past practice or industry norm

(such obligations, “Bonding Obligations”), Capitalized Lease Obligations, debt obligations evidenced

by promissory notes and similar instruments and purchase money Indebtedness (and excluding, for the

avoidance of doubt, (i) any intercompany Indebtedness of the Borrower and its Restricted Subsidiaries,

(x) Hedging Obligations and (iii) Indebtedness incurred pursuant to Section 10.1(r) with a term not

exceeding one year); provided that Consolidated Total Debt shall not include (x) letters of credit

(including Letters of Credit), except to the extent of unreimbursed amounts thereunder or hereunder and

(y) Bonding Obligations; provided, further, that (x) any unreimbursed amount under letters of credit shall

not be counted as Consolidated Total Debt until one (1) Business Day after such amount is drawn and (y)

any Bonding Obligations shall not be counted as Consolidated Total Debt until five (5) Business Days

after such amount becomes due and payable in full and is not paid by such time, minus (b) unrestricted

cash and Cash Equivalents of Intermediate Holdings and the Restricted Subsidiaries.

“Consolidated Total Debt to Consolidated EBITDA Ratio” shall mean, as of any date of

determination, the ratio of (i) Consolidated Total Debt as of such date of determination, to (ii)

Consolidated EBITDA of Intermediate Holdings for the Test Period most recently ended on or prior to

such date of determination.

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“Consolidated Working Capital” shall mean, at any date, the excess of (i) the sum of all

amounts (other than cash and Cash Equivalents) that would, in conformity with GAAP, be set forth

opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of

Intermediate Holdings and the Restricted Subsidiaries at such date excluding the current portion of

current and deferred income taxes over (ii) the sum of all amounts that would, in conformity with GAAP,

be set forth opposite the caption “total current liabilities” (or any like caption) on a consolidated balance

sheet of Intermediate Holdings and the Restricted Subsidiaries on such date, but excluding (for purposes

of both clauses (i) and (ii) above), without duplication, (a) the current portion of any Funded Debt, (b) all

Indebtedness consisting of Loans and Letter of Credit Exposure and Capital Leases to the extent

otherwise included therein, (c) the current portion of interest, (d) the current portion of current and

deferred income taxes, (e) any liabilities that are not Indebtedness and will not be settled in cash or Cash

Equivalents during the next succeeding twelve month period after such date, (f) the effects from applying

purchase accounting, (g) any accrued professional liability risks, (h) restricted marketable securities, and

(i) deferred revenue reflected within current liabilities; provided that, for purposes of calculating Excess

Cash Flow, increases or decreases in working capital (A) arising from acquisitions or dispositions by

Intermediate Holdings and the Restricted Subsidiaries shall be measured from the date on which such

acquisition or disposition occurred and (B) shall exclude (I) the impact of non-cash adjustments

contemplated in the Excess Cash Flow calculation, (II) the impact of adjusting items in the definition of

“Consolidated Net Income” and (III) any changes in current assets or current liabilities as a result of

(x) the effect of fluctuations in the amount of accrued or contingent obligations, assets or liabilities under

hedging agreements or other derivative obligations, (y) any reclassification, other than as a result of the

passage of time, in accordance with GAAP of assets or liabilities, as applicable, between current and

noncurrent or (z) the effects of acquisition method accounting.

“Contingent Obligations” shall mean, with respect to any Person, any obligation of such Person

guaranteeing any leases, dividends, or other payment obligations that do not constitute Indebtedness

(“primary obligation”) of any other Person (the “primary obligor”) in any manner, whether directly or

indirectly, including, without limitation, any obligation of such Person, whether or not contingent, (i) to

purchase any such primary obligation or any property constituting direct or indirect security therefor,

(ii) to advance or supply funds (a) for the purchase or payment of any such primary obligation or (b) to

maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth

or solvency of the primary obligor, or (iii) to purchase property, securities, or services primarily for the

purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make

payment of such primary obligation against loss in respect thereof.

“Contract Consideration” shall have the meaning provided in clause (ii)(j) of the definition of

Excess Cash Flow.

“Contractual Requirement” shall have the meaning provided in Section 8.3.

“Controlled Investment Affiliate” shall mean, as to any Person, any other Person (other than

any Permitted Holder) who directly or indirectly controls, is controlled by, or is under common control

with such Person and is organized by such Person (or any Person controlling such Person) primarily for

making direct or indirect equity investments in the Borrower and/or any Parent Entity.

“Converted Restricted Subsidiary” shall have the meaning provided in the definition of the

term “Consolidated EBITDA”.

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“Converted Unrestricted Subsidiary” shall have the meaning provided in the definition of the

term “Consolidated EBITDA”.

“Corresponding Tenor” shall mean, with respect to any Available Tenor means, as applicable,

either a tenor (including overnight) or an interest payment period having approximately the same length

(disregarding business day adjustment) as such Available Tenor.

“Covered Entity” shall mean any of the following:

(i)a “covered entity” as that term is defined in, and interpreted in accordance with,

12 C.F.R. § 252.82(b);

(ii)a “covered bank” as that term is defined in, and interpreted in accordance with,

12 C.F.R. § 47.3(b); or

(iii)a “covered FSI” as that term is defined in, and interpreted in accordance with, 12

C.F.R. § 382.2(b).

“Covered Party” shall have the meaning provided in Section 13.25.

“Credit Documents” shall mean this Agreement, each Joinder Agreement, each Extension

Amendment, each Permitted Repricing Amendment, the Guarantees, the Security Documents, the Fee

Letter, the Amendment No. 1 Fee Letter, any Letter of Credit, any promissory notes issued by the

Borrower pursuant hereto and any other document expressly designated by the Administrative Agent or a

Lender and any Credit Party as a “Credit Document”.

“Credit Event” shall mean and include the making (but not the conversion or continuation) of a

Loan and/or the issuance of a Letter of Credit (and any amendment, renewal or extension that increases

the Stated Amount thereof).

“Credit Facilities” shall mean, collectively, each category of Commitments and each extension

of credit hereunder.

“Credit Facility” shall mean a category of Commitments and extensions of credit thereunder

(e.g., the Initial Term Loan Commitment, the Delayed Draw Term Loan Commitment and the Revolving

Credit Commitments).

“Credit Party” shall mean Holdings, Intermediate Holdings, the Borrower and the other

Guarantors.

“Cure Amount” shall have the meaning provided in Section 11.14.

“Cure Right” shall have the meaning provided in Section 11.14.

“Daily Simple SOFR” means, for any day (a “SOFR Rate Day”), SOFR, with the conventions

for this rate (which will include a lookback) being established by the Administrative Agent in accordance

with the conventions for this rate selected or recommended by the Relevant Governmental Body for

determining “Daily Simple SOFR” for syndicated business loans; provided that if the Administrative

Agent decides that any such convention is not administratively feasible for the Administrative Agent,

then the Administrative Agent may establish another convention in its reasonable discretion.

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“Debt Incurrence Prepayment Event” shall mean any issuance or incurrence by Holdings,

Intermediate Holdings or any of the Restricted Subsidiaries of any Indebtedness (excluding any

Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(u)).

“Declined Proceeds” shall have the meaning provided in Section 5.2(f).

“Default” shall mean any event, act, or condition that with notice or lapse of time, or both, would

constitute an Event of Default.

“Default Rate” shall have the meaning provided in Section 2.8(c).

“Default Right” shall have the meaning provided in, and shall be interpreted in accordance with,

12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

“Defaulting Lender” shall mean any Lender whose acts or failure to act, whether directly or

indirectly, cause it to meet any part of the definition of Lender Default.

“Deferred Net Cash Proceeds” shall have the meaning provided in the definition of “Net Cash

Proceeds”.

“Deferred Net Cash Proceeds Payment Date” shall have the meaning provided in the

definition of “Net Cash Proceeds”.

“Delayed Draw Term Loan Availability Period” shall mean the period beginning on the

Closing Date and ending on the Delayed Draw Term Loan Commitment Termination Date.

“Delayed Draw Term Loan Commitment Termination Date” shall mean the earlier to occur

of (x) the twenty-four (24) month anniversary of the Closing Date (or, if such anniversary is not a

Business Day, the next succeeding Business Day) and (y) the date on which the Delayed Draw Term

Loan Commitments are reduced to zero or otherwise terminated pursuant to the terms of this Agreement;

provided that any reference to the Delayed Draw Term Loan Commitment Termination Date with respect

to Delayed Draw Term Loan Commitments that have been extended pursuant to the terms of this

Agreement shall be deemed to be a reference to the date to which such Delayed Draw Term Loan

Commitment Termination Date shall have been so extended.

“Delayed Draw Term Loan Commitments” shall mean, with respect to each Term Loan

Lender with a Delayed Draw Term Loan Commitment, the commitment, if any, of such Term Loan

Lender to make Delayed Draw Term Loans, expressed as an amount representing the maximum principal

aggregate amount of such Delayed Draw Term Loans to be made by such Term Loan Lender hereunder,

as such commitment may be (a) reduced from time to time pursuant to Section 4.2 and (b) reduced or

increased from time to time pursuant to assignments by or to such Lender pursuant to Section 13.6. The

initial amount of each Term Loan Lender’s Delayed Draw Term Loan Commitment is set forth on

Schedule 1.1(a) or in the Assignment and Assumption Agreement pursuant to which such Lender shall 

have assumed its Delayed Draw Term Loan Commitment, as the case may be. References to the

“Delayed Draw Term Loan Commitments” shall mean the Delayed Draw Term Loan Commitment of

each Lender taken together. The initial aggregate principal amount of the Lenders’ Delayed Draw Term

Loan Commitments on the Closing Date is $75,000,000.

“Delayed Draw Term Loan Funding Date” shall have the meaning provided in Section 2.1(a).

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“Delayed Draw Term Loan Lender” shall mean a Lender with a Delayed Draw Term Loan

Commitment or an outstanding Delayed Draw Term Loan.

“Delayed Draw Term Loans” shall have the meaning provided in Section 2.1(a).

“Delayed Draw Term Loan Repayment Date” shall have the meaning provided in

Section 2.5(b).

“Derivative Counterparty” shall have the meaning provided in Section 13.16.

“Designated Jurisdiction” shall mean any country or territory to the extent that such country or

territory itself is the subject of any comprehensive Sanctions (currently Cuba, Iran, North Korea, Syria,

the Crimea region of Ukraine, the so-called Donetsk People’s Republic and the so-called Luhansk

People’s Republic).

“Designated Non-Cash Consideration” shall mean the Fair Market Value of non-cash

consideration received by Intermediate Holdings or a Restricted Subsidiary in connection with an Asset

Sale that is so designated as Designated Non-Cash Consideration pursuant to a certificate of an

Authorized Officer of Intermediate Holdings, setting forth the basis of such valuation, executed by either

a senior vice president or the principal financial officer of Intermediate Holdings, less the amount of cash

or Cash Equivalents received in connection with a subsequent sale of or collection on or other disposition

of such Designated Non-Cash Consideration. A particular item of Designated Non-Cash Consideration

will no longer be considered to be outstanding when and to the extent it has been paid, redeemed or

otherwise retired or sold or otherwise disposed of in compliance with Section 10.4.

“Designated Preferred Stock” shall mean preferred stock of the Borrower or any direct or

indirect parent company of the Borrower (in each case other than Disqualified Stock) that is issued for

cash (other than to a Restricted Subsidiary or an employee stock ownership plan or trust established by

Intermediate Holdings or any of its Subsidiaries) and is so designated as Designated Preferred Stock,

pursuant to an officer’s certificate executed by the principal financial officer of the Borrower or parent

company thereof, as the case may be, on the issuance date thereof.

“Disposed EBITDA” shall mean, with respect to any Sold Entity or Business or any Converted

Unrestricted Subsidiary for any period, the amount for such period of Consolidated EBITDA of such

Sold Entity or Business or Converted Unrestricted Subsidiary (determined as if references to Intermediate

Holdings and the Restricted Subsidiaries in the definition of “Consolidated EBITDA” were references to

such Sold Entity or Business or Converted Unrestricted Subsidiary and its respective Subsidiaries), all as

determined on a consolidated basis for such Sold Entity or Business or Converted Unrestricted

Subsidiary, as the case may be.

“Discretionary Domestic Guarantor” shall have the meaning assigned such term in the

definition of Guarantors.

“Discretionary Foreign Guarantor” shall have the meaning assigned such term in the

definition of Guarantors.

“Discretionary Guarantor” shall have the meaning assigned such term in the definition of

Guarantors.

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“disposition” shall have the meaning assigned such term in clause (i) of the definition of Asset

Sale.

“Disqualified Lenders” shall mean (i) banks, financial institutions and other institutional

lenders (or related funds of such institutional lenders), in each case as identified in writing by the

Sponsor, Holdings, Intermediate Holdings or the Borrower to the Joint Lead Arrangers and Bookrunners

and Administrative Agent on or prior to November 6, 2024, (ii) competitors of the Borrower and its

Subsidiaries identified in writing by the Sponsor or the Borrower to the Administrative Agent prior to

November 6, 2024 and from time to time and (iii) are an Affiliate of any Person referred to in clauses (i)

or (ii) above (which, for the avoidance of doubt, shall not include any bona fide debt investment funds

that are Affiliates of the persons referenced in clause (ii) above) so long as such Affiliate is (x) identified

in writing to the Administrative Agent by the Borrower or Sponsor from time to time or (y) clearly

identifiable as an Affiliate of such a Person on the basis of such Affiliate’s name; provided that such

designations shall not apply retroactively to disqualify any Persons that have previously validly acquired

an assignment or participation interest in the Loans and Commitments.

“Disqualified Stock” shall mean, with respect to any Person, any Capital Stock of such Person

which, by its terms, or by the terms of any security into which it is convertible or for which it is puttable

or exchangeable, or upon the happening of any event, matures or is mandatorily redeemable (other than

solely for Qualified Stock), other than as a result of a change of control, asset sale, condemnation event

or similar event, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the

holder thereof (other than solely for Qualified Stock), other than as a result of a change of control, asset

sale, condemnation event or similar event, in whole or in part, in each case, prior to the date that is

91 days after the Latest Term Loan Maturity Date hereunder; provided that if such Capital Stock is

issued to any plan for the benefit of employees of Intermediate Holdings or its Subsidiaries or by any such

plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may

be required to be repurchased by Intermediate Holdings or its Subsidiaries in order to satisfy applicable

statutory or regulatory obligations or as a result of such employee’s termination, death, or disability.

“Distressed Person” shall have the meaning provided in the definition of the term

Lender-Related Distress Event.

“Dollars” and “$” shall mean dollars in lawful currency of the United States.

“Domestic Subsidiary” shall mean each Subsidiary of Holdings that is organized under the laws

of the United States, any state thereof, or the District of Columbia, other than a CFC Holding Company

or a Subsidiary of either a CFC or a CFC Holding Company.

“EEA Financial Institution” shall mean (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” shall mean any of the member states of the European Union, Iceland,

Liechtenstein and Norway.

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“EEA Resolution Authority” shall mean any public administrative authority or any person

entrusted with public administrative authority of any EEA Member Country (including any delegee)

having responsibility for the resolution of any EEA Financial Institution.

“Effective Yield” shall mean, as to any Indebtedness, the effective yield on such Indebtedness in

the reasonable determination of the Administrative Agent in consultation with the Borrower and

consistent with generally accepted financial practices, taking into account the applicable interest rate

margins, any interest rate floors (the effect of which floors shall be determined in a manner set forth in

the proviso below), upfront or similar fees or original issue discount (amortized over the shorter of (i) the

remaining weighted average life to maturity of such Indebtedness and (ii) the four years following the

date of incurrence thereof) payable generally to Lenders or other institutions providing such Indebtedness

in connection with the initial primary syndication thereof, but excluding any customary arrangement,

underwriting, structuring, commitment, or any fees or closing payments similar to any one of the

foregoing (regardless of whether such fees are paid to or shared in whole or in part with any lender);

provided that with respect to any Indebtedness that includes a “Benchmark Rate floor” or “ABR

floor,” (a) to the extent that the Benchmark Rate (with an Interest Period of three months) or ABR

(without giving effect to any floors in such definitions), as applicable, on the date that the Effective Yield

is being calculated is less than such floor, the amount of such difference shall be deemed added to the

interest rate margin for such Indebtedness for the purpose of calculating the Effective Yield and (b) to the

extent that the Benchmark Rate (with an Interest Period of three months) or ABR (without giving effect to

any floors in such definitions), as applicable, on the date that the Effective Yield is being calculated is

greater than such floor, then the floor shall be disregarded in calculating the Effective Yield.

“Environmental Claims” shall mean any and all actions, suits, orders, decrees, demand letters,

claims, notices of noncompliance or potential responsibility or violation, or proceedings pursuant to any

Environmental Law or pursuant to any permit issued, or any approval of any Governmental Authority

given, under any such Environmental Law (other than reports prepared by or on behalf of any Credit

Party or any of its Subsidiaries (a) in the ordinary course of such Person’s business or (b) as required in

connection with a financing transaction or an acquisition or disposition of real estate) (hereinafter,

“Claims”), including, without limitation, (i) any and all Claims by Governmental Authorities for

enforcement, investigation, cleanup, removal, response, remedial, or other actions or damages pursuant to

any Environmental Law and (ii) any and all Claims by any third party seeking damages, contribution,

indemnification, cost recovery, compensation, or injunctive relief relating to the presence, Release or

threatened Release of Hazardous Materials or arising from alleged injury or threat of injury to human

health or safety (to the extent relating to human exposure to Hazardous Materials) or protection of the

environment including, without limitation, ambient air, indoor air, surface water, groundwater, soil, land

surface and subsurface strata, and natural resources such as wetlands, flora and fauna.

“Environmental Law” shall mean any applicable federal, state, foreign, or local statute, law,

rule, regulation, ordinance, code, and rule of common law now or hereafter in effect and in each case as

amended, and any legally binding judicial or administrative interpretation thereof, including any legally

binding judicial or administrative order, consent decree, or judgment, relating to pollution or protection

of the environment, including, without limitation, ambient air, indoor air, surface water, groundwater,

soil, land surface and subsurface strata and natural resources such as flora, fauna, or wetlands, or

protection of human health or safety (to the extent relating to human exposure to Hazardous Materials)

and including those relating to the generation, storage, treatment, transport, Release, or threat of Release

of Hazardous Materials.

-35-

“Equity Interest” shall mean Capital Stock and all warrants, options, or other rights to acquire

Capital Stock, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock.

“Equity Investment” shall mean the new cash equity contributions made by the Sponsor and

certain other investors arranged by and/or designated by the Sponsor and certain of the Sponsor’s

Affiliates (including its Controlled Investment Affiliates and members of the Intermediate Holdings’

management) (collectively, the “Investors”), in Intermediate Holdings or a direct or indirect parent

thereof (which equity investment in the Intermediate Holdings or such direct or indirect parent shall be in

the form of common equity or, if other than common equity, will be on terms reasonably acceptable to

the Administrative Agent and the Lenders) in an aggregate amount of at least 50% of the sum of (x) the

aggregate net proceeds of Term Loans and Revolving Credit Loans funded to the Borrower under the

Initial Term Loan Commitment and the Revolving Credit Facility, respectively, on the Closing Date (but

excluding the net proceeds of any Revolving Credit Loans funded to the Borrower on the Closing Date to

fund working capital needs or to backstop or cash collateralize existing letters of credit or incurred for

working capital purposes) and (y) the equity capitalization of Holdings and its Subsidiaries on the

Closing Date, in each case, after giving effect to the Transaction.

“Equity Offering” shall mean any public or private sale of common stock or preferred stock of

the Borrower or any direct or indirect parent company of the Borrower (excluding Disqualified Stock),

other than issuances to any Subsidiary of Intermediate Holdings.

“Equityholding Vehicle” shall mean any Parent Entity and any equity holder thereof through

which former, current officers or future officers, directors, employees or managers of the Borrower or

any of its Subsidiaries or Parent Entities hold Capital Stock of such Parent Entity.

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from

time to time.

“ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that, together

with any Credit Party, is treated as a single employer under Section 414 (b) or (c) of the Code (and

Sections 414(m) and (o) of the Code solely for purposes of Section 412 of the Code).

“ERISA Event” shall mean (i) the existence with respect to any Plan of a Prohibited Transaction

with respect to a Plan which is not exempt under Section 408 of ERISA or otherwise; (ii) any Reportable

Event; (iii) the failure of any Credit Party or ERISA Affiliate to make by its due date a required

installment under Section 430(j) of the Code with respect to any Pension Plan or any failure by any

Pension Plan to satisfy the minimum funding standards (within the meaning of Section 412 of the Code

or Section 302 of ERISA) applicable to such Pension Plan, whether or not waived; (iv) a determination

that any Pension Plan is in “at risk” status (within the meaning of Section 430 of the Code or Section 303

of ERISA); (v) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an

application for a waiver of the minimum funding standard with respect to any Pension Plan; (vi) the

termination of, or the appointment of a trustee to administer, any Pension Plan under Section 4042 of

ERISA or the incurrence by any Credit Party or any of its ERISA Affiliates of any liability under Title IV

of ERISA with respect to the termination of any Pension Plan (other than for PBGC premiums due but

not delinquent under Section 4007 of ERISA), including but not limited to the imposition of any Lien in

favor of the PBGC or any Pension Plan; (vii) the receipt by any Credit Party or any of its ERISA

Affiliates from the PBGC or a plan administrator of any notice to terminate any Pension Plan under

Section 4041 of ERISA or to appoint a trustee to administer any Pension Plan under Section 4042 of

ERISA; (viii) the failure by any Credit Party or any of its ERISA Affiliates to make any required

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contribution to a Multiemployer Plan; (ix) the incurrence by any Credit Party or any of its ERISA

Affiliates of any liability with respect to the withdrawal from any Pension Plan subject to Section 4063

of ERISA during a plan year in which it was a “substantial employer” (within the meaning of

Section 4001(a)(2) of ERISA), or a cessation of operations that is treated as such a withdrawal under

Section 4062(e) of ERISA, or the complete or partial withdrawal (within the meaning of Section 4203 or

4205 of ERISA) from any Multiemployer Plan; (x) the receipt by any Credit Party or any of its ERISA

Affiliates of any notice concerning the imposition of Withdrawal Liability or a determination that a

Multiemployer Plan is, or is expected to be, Insolvent, in “endangered” or “critical” status (within the

meaning of Section 432 of the Code or Section 305 of ERISA), or terminated (within the meaning of

Section 4041A of ERISA); or (xi) the failure by any Credit Party or any of its ERISA Affiliates to pay

when due (after expiration of any applicable grace period) any installment payment with respect to

Withdrawal Liability under Section 4201 of ERISA.

“Erroneous Payment” shall have the meaning provided in Section 12.15(a).

“Erroneous Payment Deficiency Assignment” shall have the meaning provided in

Section 12.15(d)(i).

“Erroneous Payment Impacted Class” shall have the meaning provided in Section 12.15(d)(i).

“Erroneous Payment Return Deficiency” shall have the meaning provided in Section 12.15(d)(i).

“EU Bail-In Legislation Schedule” shall mean the EU Bail-In Legislation Schedule published

by the Loan Market Association (or any successor person), as in effect from time to time.

“Event of Default” shall have the meaning provided in Section 11.

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

(i) the sum, without duplication (in each case, for Intermediate Holdings and the Restricted

Subsidiaries on a consolidated basis), of:

(a)Consolidated Net Income for such period,

(b)an amount equal to the amount of all non-cash charges to the extent deducted in

arriving at such Consolidated Net Income and cash receipts to the extent excluded in arriving at

such Consolidated Net Income,

(c)an amount equal to the aggregate net non-cash loss on asset sales by Intermediate

Holdings and the Restricted Subsidiaries during such period (other than asset sales in the ordinary

course of business) to the extent deducted in arriving at such Consolidated Net Income, and

(d)decreases in Consolidated Working Capital for such period (other than

(1) reclassification of items from short term to long term or vice versa and (2) any such

decreases arising from acquisitions or asset sales by Intermediate Holdings and the Restricted

Subsidiaries completed during such period or the application of purchase accounting);

-37-

over (ii) the sum, without duplication, of:

(a)an amount equal to the amount of all non-cash credits included in arriving at

such Consolidated Net Income, cash charges to the extent excluded in arriving at such

Consolidated Net Income, and Transaction Expenses to the extent not deducted in arriving at such

Consolidated Net Income and paid in cash during such period;

(b)without duplication of amounts deducted pursuant to clause (k) below in prior

periods, the amount of Capital Expenditures or acquisitions of Intellectual Property accrued or

made in cash during such period, except to the extent that such Capital Expenditures or

acquisitions were financed (directly or indirectly) with the proceeds of long-term Indebtedness of

Intermediate Holdings or the Restricted Subsidiaries (unless such Indebtedness has been repaid

other than with the proceeds of long-term indebtedness) other than intercompany loans or

Revolving Loans;

(c)the aggregate amount of all principal payments of Indebtedness of Intermediate

Holdings and the Restricted Subsidiaries (including (1) the principal component of payments in

respect of Capitalized Lease Obligations, (2) the amount of any scheduled repayment of Term

Loans pursuant to Section 2.5, and (3) the amount of a mandatory prepayment of Term Loans

pursuant to Section 5.2(a) to the extent required due to an asset sale that resulted in an increase to

Consolidated Net Income and not in excess of the amount of such increase, but excluding (A) all

other prepayments of Term Loans and (B) all prepayments of Incremental Loans, Revolving

Loans (and any other revolving loans (unless there is an equivalent permanent reduction in

commitments thereunder)) made during such period, except to the extent financed with the

proceeds of other long-term Indebtedness (other than Revolving Loans) of Intermediate Holdings

or the Restricted Subsidiaries;

(d)an amount equal to the aggregate net non-cash gain on asset sales by Intermediate

Holdings and the Restricted Subsidiaries during such period (other than asset sales in the ordinary

course of business) to the extent included in arriving at such Consolidated Net Income;

(e)payments in cash by Intermediate Holdings and the Restricted Subsidiaries

during such period in respect of any purchase price holdbacks, earn-out obligations, and

long-term liabilities of Intermediate Holdings and the Restricted Subsidiaries other than

Indebtedness, to the extent not already deducted from Consolidated Net Income;

(f)the aggregate amount of cash consideration paid by Intermediate Holdings and

the Restricted Subsidiaries (on a consolidated basis) in connection with Investments (including

acquisitions, but excluding investments in cash or Cash Equivalents and Investments in any

Restricted Subsidiary) made during such period pursuant to Section 10.6 to the extent that such

Investments were not financed with the proceeds received from (1) the issuance or incurrence of

long-term Indebtedness (other than Revolving Loans or intercompany loans) or (2) the issuance

of Capital Stock;

(g)the amount of dividends paid in cash during such period (on a consolidated

basis) by Intermediate Holdings and the Restricted Subsidiaries, to the extent such dividends

were not financed with the proceeds received from (1) the issuance or incurrence of long-term

Indebtedness (other than Revolving Loans or intercompany loans) or (2) the issuance of Capital

Stock;

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(h)the aggregate amount of expenditures actually made by Intermediate Holdings

and the Restricted Subsidiaries in cash during such period (including expenditures for the

payment of financing fees and cash restructuring charges) to the extent that such expenditures are

not expensed during such period and are not deducted in calculating Consolidated Net Income;

(i)the aggregate amount of any premium, make-whole, or penalty payments

actually paid in cash by Intermediate Holdings and the Restricted Subsidiaries during such period

that are made in connection with any prepayment of Indebtedness to the extent that such

payments are not deducted in calculating Consolidated Net Income;

(j)without duplication of amounts deducted from Excess Cash Flow in other

periods, (1) the aggregate consideration required to be paid in cash by Intermediate Holdings or

any of its Restricted Subsidiaries pursuant to binding contracts, commitments, letters of intent or

purchase orders (the “Contract Consideration”) entered into prior to or during such period and

(2) any planned cash expenditures by Intermediate Holdings or any of the Restricted Subsidiaries

(the “Planned Expenditures”), in the case of each of clauses (1) and (2), relating to Permitted

Acquisitions (or other Investments (including in joint ventures)), Capital Expenditures,

Restricted Payments, or acquisitions of Intellectual Property or other assets to be consummated

or made during the period of four consecutive fiscal quarters of Intermediate Holdings following

the end of such period (except to the extent financed with any of the proceeds received from

(A) the issuance or incurrence of long-term Indebtedness (other than Revolving Loans or

intercompany loans) or (B) the issuance of Equity Interests); provided that, to the extent that the

aggregate amount of cash actually utilized to finance such Permitted Acquisitions (or other

Investments), Capital Expenditures, or acquisitions of Intellectual Property or other assets during

such following period of four consecutive fiscal quarters is less than the Contract Consideration

and Planned Expenditures, the amount of such shortfall shall be added to the calculation of

Excess Cash Flow, at the end of such period of four consecutive fiscal quarters;

(k)the amount of taxes (including penalties and interest) paid in cash or tax reserves

set aside or payable (without duplication) in such period plus without duplication of the

foregoing amounts, the amount of Tax Distributions paid in cash pursuant to Section 10.5(s), and

the amount of withholding Taxes paid or reasonably estimated to be payable in connection with

the repatriation of income of any Foreign Subsidiary, in each case, to the extent they exceed the

amount of tax expense deducted in determining Consolidated Net Income for such period,

(l)cash expenditures in respect of Hedge Agreements during such period to the

extent not deducted in arriving at such Consolidated Net Income; and

(m)increases in Consolidated Working Capital for such period (other than (1)

reclassification of items from short term to long term or vice versa and (2) any such increases

arising from acquisitions or asset sales by Intermediate Holdings and the Restricted Subsidiaries

completed during such period or the application of purchase accounting).

“Excluded Property” shall have the meaning set forth in the Security Agreement.

“Excluded Stock and Stock Equivalents” shall mean (i) any Capital Stock or Stock Equivalents

with respect to which, in the reasonable judgment of the Administrative Agent and Intermediate Holdings

(as agreed to in writing), the cost or other consequences of pledging such Capital Stock or Stock

Equivalents in favor of the Secured Parties under the Security Documents shall be excessive in view of

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the benefits to be obtained by the Lenders therefrom, (ii) solely in the case of any pledge of Capital Stock

and Stock Equivalents of any (a) CFC (except in the case of a Discretionary Foreign Guarantor) or (b)

CFC Holding Company (except in the case of a Discretionary Domestic Guarantor), (1) any Voting Stock

or Stock Equivalents of any class of such CFC or CFC Holding Company directly held by a Credit Party

in excess of 65% of the outstanding Voting Stock of such class and (2) any Voting Stock or Stock

Equivalents of any class of such CFC or CFC Holding Company not directly held by a Credit Party, (iii)

any Capital Stock or Stock Equivalents of any direct or indirect Subsidiary that is a direct or indirect

Subsidiary of a CFC or CFC Holding Company (in each case, except in the case of a Discretionary

Foreign Guarantor or Discretionary Domestic Guarantor), (iv) any Capital Stock or Stock Equivalents to

the extent the pledge thereof would violate any applicable Requirements of Law (including any legally

effective requirement to obtain the consent of any Governmental Authority unless such consent has been

obtained), (v) in the case of (A) any Capital Stock or Stock Equivalents of any Subsidiary to the extent

such Capital Stock or Stock Equivalents are subject to a Lien permitted by Section 10.2(d) or (B) any

Capital Stock or Stock Equivalents of any Subsidiary that is not a Wholly-Owned Subsidiary of Holdings

and its Subsidiaries at the time such Subsidiary becomes a Subsidiary, any Capital Stock or Stock

Equivalents of each such Subsidiary described in clause (A) or (B) to the extent (I) that a pledge thereof

to secure the Obligations is prohibited by any applicable Contractual Requirement (other than customary

anti-assignment provisions which are ineffective under the Uniform Commercial Code or other

applicable law and other than proceeds thereof the assignment of which is expressly deemed effective

under the Uniform Commercial Code or other applicable law notwithstanding such prohibition or

restriction), (II) any Contractual Requirement prohibits such a pledge without the consent of any other

party; provided that this clause (II) shall not apply if (x) such other party is a Credit Party or

Wholly-Owned Subsidiary or (y) consent has been obtained to consummate such pledge (it being

understood that the foregoing shall not be deemed to obligate Holdings or any Subsidiary to obtain any

such consent) and for so long as such Contractual Requirement or replacement or renewal thereof is in

effect, or (III) a pledge thereof to secure the Obligations would give any other party (other than a Credit

Party or Wholly-Owned Subsidiary) to any contract, agreement, instrument, or indenture governing such

Capital Stock or Stock Equivalents the right to terminate its obligations thereunder (other than customary

anti-assignment provisions which are ineffective under the Uniform Commercial Code or other

applicable law and other than proceeds thereof the assignment of which is expressly deemed effective

under the Uniform Commercial Code or other applicable law notwithstanding such prohibition or

restriction), (vi) any Capital Stock or Stock Equivalents of any Subsidiary to the extent that the pledge of

such Capital Stock or Stock Equivalents would result in materially adverse tax consequences to any

Parent Guarantor, the Borrower or any Subsidiary as reasonably determined by Intermediate Holdings in

consultation with the Administrative Agent, (vii) any Capital Stock or Stock Equivalents that are margin

stock, and (viii) any Capital Stock and Stock Equivalents of any Subsidiary that is not a Material

Subsidiary or is an Unrestricted Subsidiary, a captive insurance Subsidiary, an SPV or any special

purpose entity.

“Excluded Subsidiary” shall mean (i) each Subsidiary, in each case, for so long as any such

Subsidiary does not (on (x) a consolidated basis with its Restricted Subsidiaries, if determined on the

Closing Date by reference to the Historical Financial Statements or (y) a consolidated basis with its

Restricted Subsidiaries, if determined after the Closing Date by reference to the financial statements

delivered to the Administrative Agent pursuant to Sections 9.1(a) and (b)) constitute a Material

Subsidiary, (ii) each Subsidiary that is not a Wholly-Owned Subsidiary on any date such Subsidiary

would otherwise be required to become a Guarantor pursuant to the requirements of Section 9.10 (for so

long as such Subsidiary remains a non-Wholly-Owned Restricted Subsidiary), (iii) any direct or indirect

Subsidiary of Intermediate Holdings that is a CFC (except a Discretionary Foreign Guarantor) or CFC

Holding Company (except a Discretionary Domestic Guarantor), (iv) any direct or indirect Subsidiary of

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a CFC (except a Discretionary Foreign Guarantor) or CFC Holding Company (except a Discretionary

Domestic Guarantor), (v) any Foreign Subsidiary (except a Discretionary Foreign Guarantor), (vi) each

Subsidiary that is prohibited by any applicable Contractual Requirement or Requirements of Law from

guaranteeing or granting Liens to secure the Obligations on the Closing Date (or, if later, the date it

becomes a Restricted Subsidiary and, in the case of a contractual obligation, not entered into in

contemplation thereof) (and for so long as such restriction or any replacement or renewal thereof is in

effect) or which would require governmental (including regulatory) consent, approval, license or

authorization to provide a Guarantee unless such consent, approval, license or authorization has been

received, (vii) each Subsidiary with respect to which, as reasonably determined by Holdings, the

consequence of providing a Guarantee of the Obligations would adversely affect the ability of any Parent

Guarantor, the Borrower and their respective Subsidiaries to satisfy applicable Requirements of Law,

(viii) each Subsidiary with respect to which, as reasonably determined by Intermediate Holdings in

consultation with the Administrative Agent, providing such a Guarantee would result in material adverse

tax consequences, (ix) any other Subsidiary with respect to which the Administrative Agent and

Intermediate Holdings reasonably agree that the cost of providing a Guarantee of the Obligations shall be

excessive in relation to the value afforded therefrom, (x) each Unrestricted Subsidiary, (xi) each other

Restricted Subsidiary acquired pursuant to a Permitted Acquisition with pre-existing secured

Indebtedness permitted to be assumed hereunder, and each Restricted Subsidiary acquired in such

Permitted Acquisition hereunder that guarantees such Indebtedness, in each case to the extent that, and

for so long as, the documentation relating to such Indebtedness to which such Subsidiary is a party

prohibits such Subsidiary from guaranteeing the Obligations and such prohibition was not created, and

such Indebtedness was not incurred, in contemplation of such Permitted Acquisition, (xii) each SPV,

not-for-profit Subsidiary and captive insurance company and (xiii) in the case of any Swap Obligation,

any Subsidiary of Holdings that is not an “Eligible Contract Participant” as defined under the Commodity

Exchange Act.

“Excluded Swap Obligation” shall mean, with respect to any Credit Party, (a) any Swap

Obligation if, and to the extent that, all or a portion of the Obligations of such Credit Party of, or the

grant by such Credit Party of a security interest to secure, such Swap Obligation (or any Obligations

thereof) is or becomes illegal or unlawful 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) or (b) any other Swap Obligation designated as an “Excluded Swap Obligation” of such

Guarantor as specified in any agreement between the relevant Credit Parties and Hedge Bank applicable

to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one

swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps

for which such Obligation or security interest is or becomes illegal or unlawful.

“Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, or any

other recipient of any payment to be made by or on account of any obligation of any Credit Party

hereunder or under any other Credit Document, (i) Taxes imposed on or measured by its overall net

income (however denominated), branch profits and franchise (and similar) Taxes imposed on it, in each

case by a jurisdiction (including any political subdivision thereof) as a result of such recipient being

organized in, having its principal office in, or in the case of any Lender, having its applicable lending

office in, such jurisdiction, or as a result of any other present or former connection with such jurisdiction

(other than any such connection 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 Credit Document, or sold or assigned

an interest in any Loan or Credit Document), (ii) any U.S. federal withholding Tax imposed on any

payment by or on account of any obligation of any Credit Party hereunder or under any Credit Document

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that is required to be imposed on amounts payable to or for the account of a Lender pursuant to laws in

force at the time such Lender acquires an interest in any Credit Document (or designates a new lending

office), other than in the case of a Lender that is an assignee pursuant to a request by the Borrower under

Section 13.7 (or that designates a new lending office pursuant to a request by the Borrower), except to the

extent that such Lender (or its assignor, if any) was entitled, immediately prior to the designation of a new

lending office (or assignment), to receive additional amounts from the Credit Parties with respect to such

withholding Tax pursuant to Section 5.4, (iii) any Taxes attributable to a recipient’s failure to comply

with Section 5.4(e), or (iv) any withholding Tax imposed under FATCA.

“Existing Class” shall mean any Existing Term Loan Class and any Existing Revolving Credit

Class.

“Existing Credit Agreements” shall have the meaning provided in the recitals to this

Agreement.

“Existing Debt Facilities Refinancing” shall mean repayment, redemption and/or discharge in

full of all Indebtedness under the Existing Credit Agreements.

“Existing Revolving Credit Class” shall have the meaning provided in Section 2.14(g)(ii).

“Existing Revolving Credit Commitment” shall have the meaning provided in Section

2.14(g)(ii).

“Existing Revolving Credit Loans” shall have the meaning provided in Section 2.14(g)(ii).

“Existing Term Loan Class” shall have the meaning provided in Section 2.14(g)(i).

“Expiring Credit Commitment” shall have the meaning provided in Section 2.1(d).

“Extended Repayment Date” shall have the meaning provided in Section 2.5(d).

“Extended Revolving Credit Commitments” shall have the meaning provided in Section

2.14(g)(ii).

“Extended Revolving Credit Loans” shall have the meaning provided in Section 2.14(g)(ii).

“Extended Revolving Loan Maturity Date” shall mean the date on which any tranche of

Extended Revolving Credit Loans matures.

“Extended Term Loan Repayment Amount” shall have the meaning provided in

Section 2.5(d).

“Extended Term Loans” shall have the meaning provided in Section 2.14(g)(i).

“Extending Lender” shall have the meaning provided in Section 2.14(g)(iii).

“Extension Amendment” shall have the meaning provided in Section 2.14(g)(iv).

“Extension Date” shall have the meaning provided in Section 2.14(g)(v).

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“Extension Election” shall have the meaning provided in Section 2.14(g)(iii).

“Extension Request” shall mean a Term Loan Extension Request.

“Extension Series” shall mean all Extended Term Loans and Extended Revolving Credit

Commitments that are established pursuant to the same Extension Amendment (or any subsequent

Extension Amendment to the extent such Extension Amendment expressly provides that the Extended

Term Loans or Extended Revolving Credit Commitments, as applicable, provided for therein are

intended to be a part of any previously established Extension Series) and that provide for the same interest

margins, extension fees, and amortization schedule.

“Fair Market Value” shall mean with respect to any asset or group of assets on any date of

determination, the value of the consideration obtainable in a sale of such asset at such date of

determination assuming a sale by a willing seller to a willing purchaser dealing at arm’s length and

arranged in an orderly manner over a reasonable period of time having regard to the nature and

characteristics of such asset, as determined in good faith by Intermediate Holdings or the applicable

Restricted Subsidiary.

“FATCA” shall mean 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 as of the date of this Agreement (or any amended

or successor version described above), any intergovernmental agreements implementing the foregoing,

and any laws, fiscal or regulatory legislation, rules, guidance notes and practices adopted pursuant to any

intergovernmental agreement, treaty or convention among Governmental Authorities entered into in

connection with the implementation of the foregoing.

“FCPA” shall have the meaning provided in Section 8.10.

“Federal Funds Effective Rate” shall mean, for any day, the weighted average of the per annum

rates on overnight federal funds transactions as published on the next succeeding Business Day by the

Federal Reserve Bank of New York; provided that (i) if such day is not a Business Day, the Federal

Funds Effective Rate for such day shall be such rate on such transactions on the next preceding Business

Day as so published on the next succeeding Business Day, and (ii) if no such rate is so published on such

next succeeding Business Day, the Federal Funds Effective Rate for such day shall be the average rate

charged to the Administrative Agent on such day on such transactions as determined by the

Administrative Agent; provided, further, that if the Federal Funds Effective Rate would otherwise be

negative, it shall be deemed to be 0% per annum.

“Fee Letter” shall mean that certain Fee Letter, dated as of November 8, 2024, among the

Merger Sub, the Joint Lead Arrangers and Bookrunners and the other Persons party thereto.

“Fees” shall mean all amounts payable pursuant to, or referred to in, Section 4.1.

“Financial Model” shall mean the financial model of the Borrower delivered to the

Administrative Agent prior to November 8, 2024.

“Fixed Amounts” shall have the meaning provided in Section 1.12(a).

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“Fixed Charges” shall mean, with respect to any Person for any period, the sum of:

(i)Consolidated Interest Expense of such Person and its Restricted Subsidiaries on

a consolidated basis for such period,

(ii)all cash dividend payments (excluding items eliminated in consolidation) on any

series of preferred stock (including any Designated Preferred Stock) of such Person made during

such period, and

(iii)all cash dividend payments (excluding items eliminated in consolidation) on any

series of Disqualified Stock made during such period.

“Flood Insurance Laws” shall mean, collectively, (i) the National Flood Insurance Reform Act

of 1994 (which comprehensively revised the National Flood Insurance Act of 1968 and the Flood Disaster

Protection Act of 1973) as now or hereafter in effect or any successor statute thereto, (ii) the Flood

Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (iii) the

Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute

thereto.

“Floor” shall mean 0.75% per annum.

“Foreign Subsidiary” shall mean each Subsidiary of Holdings that is not a Domestic Subsidiary.

“Foreign  Subsidiary  Prepayment  Event”  shall  have  the  meaning  provided  in

Section 5.2(a)(iv).

“Forward-Looking Information” shall have the meaning provided in Section 8.8(a).

“Fronting Exposure” shall mean, at any time there is a Defaulting Lender, (a) with respect to

the Letter of Credit Issuer, such Defaulting Lender’s Revolving Credit Commitment Percentage of the

outstanding L/C Obligations other than 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 and (b) with respect to the Swingline Lender, such Defaulting Lender’s Revolving

Credit Commitment Percentage of Swingline Loans other than Swingline Loans as to which such

Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized

in accordance with the terms hereof.

“Fronting Fee” shall have the meaning provided in Section 4.1(d).

“Fund” shall mean any Person (other than a natural Person) that is engaged or advises funds or

other investment vehicles that are engaged in making, purchasing, holding, or investing in commercial

loans and similar extensions of credit in the ordinary course.

“Funded Debt” shall mean all Indebtedness of Intermediate Holdings and the Restricted

Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures

within one year from such date that is renewable or extendable, at the option of Intermediate Holdings or

any Restricted Subsidiary, to a date more than one year from the date of its creation or arises under a

revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period

of more than one year from such date (including all amounts of such Funded Debt required to be paid or

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prepaid within one year from the date of its creation), and, in the case of the Credit Parties, Indebtedness

in respect of the Loans.

“GAAP” shall mean generally accepted accounting principles in the United States, as in effect

from time to time; provided, however, that if Intermediate Holdings notifies the Administrative Agent

that Intermediate Holdings requests an amendment to any provision hereof to eliminate the effect of any

change occurring after the Closing Date in GAAP or in the application thereof on the operation of such

provision, regardless of whether any such notice is given before or after such change in GAAP or in the

application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and

applied immediately before such change shall have become effective until such notice shall have been

withdrawn or such provision amended in accordance herewith.Furthermore, at any time after

the Closing Date, Intermediate Holdings may elect to apply International Financial Reporting

Standards (“IFRS”) accounting principles in lieu of GAAP and, upon any such election, references herein

to GAAP and GAAP concepts shall thereafter be construed to refer to IFRS and corresponding IFRS

concepts (except as otherwise provided in this Agreement); provided any such election, once made,

shall be irrevocable; provided, further, that any calculation or determination in this Agreement that

requires the application of GAAP for periods that include fiscal quarters ended prior to Intermediate

Holdings’ election to apply IFRS shall remain as previously calculated or determined in accordance with

GAAP. Notwithstanding any other provision contained herein, the amount of any Indebtedness under

GAAP with respect to Capitalized Lease Obligations shall be determined in accordance with the

definition of Capitalized Lease Obligations.

“Governmental Authority” shall mean any nation, sovereign, or government, any state,

province, territory, or other political subdivision thereof, and any entity or authority exercising executive,

legislative, judicial, taxing, regulatory, or administrative functions of or pertaining to government,

including a central bank or stock exchange (including any supranational body exercising such powers or

functions, such as the European Union or the European Central Bank).

“Granting Lender” shall have the meaning provided in Section 13.6(g).

“Guarantee” shall mean (i) the Guarantee made by Holdings and each other Guarantor in favor

of the Collateral Agent for the benefit of the Secured Parties, substantially in the form of Exhibit B, and

(ii) any other guarantee of the Obligations made by a Restricted Subsidiary in form and substance

reasonably acceptable to the Administrative Agent.

“guarantee obligations” shall mean, as to any Person, any obligation of such Person

guaranteeing or intended to guarantee any Indebtedness of any primary obligor in any manner, whether

directly or indirectly, including any obligation of such Person, whether or not contingent, (i) to purchase

any such Indebtedness or any property constituting direct or indirect security therefor, (ii) to advance or

supply funds (a) for the purchase or payment of any such Indebtedness or (b) to maintain working capital

or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary

obligor, (iii) to purchase property, securities, or services primarily for the purpose of assuring the owner

of any such Indebtedness of the ability of the primary obligor to make payment of such Indebtedness, or

(iv) otherwise to assure or hold harmless the owner of such Indebtedness against loss in respect thereof;

provided, however, that the term guarantee obligations shall not include endorsements of instruments for

deposit or collection in the ordinary course of business or customary and reasonable indemnity

obligations or product warranties in effect on the Closing Date or entered into in connection with any

acquisition or disposition of assets permitted under this Agreement (other than such obligations with

respect to Indebtedness). The amount of any guaranteed obligation shall be deemed to be an amount

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equal to the stated or determinable amount of the Indebtedness in respect of which such guaranteed

obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in

respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in

good faith.

“Guarantors” shall mean (i) each Subsidiary of Holdings (other than the Borrower with respect

to its Obligations only) that is party to the Guarantee on the Closing Date, (ii) each Subsidiary of

Holdings that becomes a party to the Guarantee after the Closing Date pursuant to Section 9.10 or

otherwise, and (iii) Holdings; provided that in no event shall any Excluded Subsidiary be required to be a

Guarantor (unless such Subsidiary is no longer an Excluded Subsidiary). For the avoidance of doubt,

Intermediate Holdings, in its sole discretion, may cause any Restricted Subsidiary that is not a Guarantor

to Guarantee the Obligations by causing such Restricted Subsidiary to execute and deliver to the

Administrative Agent a supplement to the Guarantee, and any Restricted Subsidiary shall thereafter be a

Guarantor and a Credit Party hereunder for all purposes and shall comply with the requirements of

Section 9.13 (any such Restricted Subsidiary organized in any State of the United States of America or

the District of Columbia, a “Discretionary Domestic Guarantor”); provided that with respect to any

Restricted Subsidiary that is a Foreign Subsidiary (a “Discretionary Foreign Guarantor”), the

jurisdiction of such Subsidiary shall be reasonably satisfactory to the Administrative Agent; it being

understood and agreed that Canada, as such jurisdiction exists without giving effect to any Change in

Law which may occur after the Closing Date, shall be deemed reasonably satisfactory to the

Administrative Agent; provided further that, if the Administrative Agent reasonably determines that such

subsidiary is organized under the laws of a jurisdiction where (i) the amount and enforceability of the

contemplated guarantee that may be entered into by a person organized in the relevant jurisdiction is

materially and adversely limited by applicable law or contractual limitations, (ii) the security interests

(and the enforceability thereof) that may be granted with respect to assets (or various classes of assets)

located in the relevant jurisdiction is materially and adversely limited by applicable law or (iii) there is

any reasonably identifiable and material adverse political risk to the Lenders or the Administrative Agent

associated with such jurisdiction), such shall be deemed a reasonable basis for not permitting such

Restricted Subsidiary to become a Guarantor.

“Hazardous Materials” shall mean (i) any petroleum or petroleum byproducts, radioactive

materials, asbestos, polychlorinated biphenyls, and radon gas; (ii) any chemicals, materials, wastes, or

substances defined as or included in the definition of “hazardous substances,” “hazardous waste,”

“hazardous materials,” “extremely hazardous waste,” “restricted hazardous waste,” “toxic substances,”

“toxic pollutants,” “contaminants,” or “pollutants,” or words of similar meaning and regulatory effect,

under any Environmental Law; and (iii) any other chemical, material, waste, or substance, which is

prohibited or regulated due to its dangerous or deleterious properties or characteristics, by any

Environmental Law.

“Hedge Agreements” shall mean (i) 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 (ii) 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

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and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other

master agreement (any such master agreement, together with any related schedules, a “Master

Agreement”), including any such obligations or liabilities under any Master Agreement.

“Hedge Bank” shall mean (i) (a) any Person that, at the time it enters into a Hedge Agreement

with Holdings, Intermediate Holdings, the Borrower or any Restricted Subsidiary, is a Lender, an Agent

or an Affiliate of a Lender or an Agent and (b) with respect to any Hedge Agreement entered into prior to

the Closing Date, any Person that is a Lender or an Agent or an Affiliate of a Lender or an Agent on the

Closing Date and (ii) any other Person that is designated by Intermediate Holdings as a “Hedge Bank” by

written notice to the Administrative Agent substantially in the form of Exhibit L-1 or such other form

reasonably acceptable to the Administrative Agent and Intermediate Holdings.

“Hedging Obligations” shall mean, with respect to any Person, the obligations of such Person

under any Hedge Agreements.

“Historical Audited Financial Statements” shall have the meaning given to such term in the

definition of “Historical Financial Statements”.

“Historical Interim Financial Statements” shall have the meaning given to such term in the

definition of “Historical Financial Statements”.

“Historical Financial Statements” shall mean (a) the audited consolidated balance sheets of the

Company and its Subsidiaries as of December 31, 2023 and December 31, 2022 and the related

consolidated statements of income and cash flows for the year ended 2023 and for the period from

August 9, 2022 to December 31, 2022 (the financial statements referred to in this clause (a), the

“Historical Audited Financial Statements”) and (b) the unaudited consolidated balance sheet of the

Company and its Subsidiaries as of August 31, 2024 and the related unaudited consolidated statements of

income of the Company and its Subsidiaries for the eight months period then ended and (the financial

statements referred to in this clause (b), the “Historical Interim Financial Statements”).

“HMT” shall have the meaning provided in the definition of the term “Sanctions”.

“Holdings” shall have the meaning provided in the preamble to this Agreement.

“ICC” shall have the meaning given to such term in the definition of “UCP”.

“IFRS” shall have the meaning given to such term in the definition of “GAAP”.

“Immediate Family Members” shall mean, with respect to any individual, such individual’s

child, stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former

spouse, qualified domestic partner, sibling, mother-in-law, father-in-law, son-in-law and daughter-in-law

(including adoptive relationships) and any trust, partnership or other bona fide estate-planning vehicle the

only beneficiaries of which are any of the foregoing individuals or any private foundation or fund that is

controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is

the donor.

“Impacted Loans” shall have the meaning provided in Section 2.10(a).

“Increased Amount Date” shall mean, with respect to any New Loan Commitments, the date on

which such New Loan Commitments shall be effective.

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“Incremental Loans” shall have the meaning provided in Section 2.14(c).

“Incremental Revolving Credit Commitments” shall have the meaning provided in Section

2.14(a).

“Incremental Revolving Credit Loan” shall have the meaning provided in Section 2.14(b).

“Incremental Revolving Credit Maturity Date” shall mean the date on which any tranche of

Revolving Credit Loans made pursuant to the Lenders’ Incremental Revolving Credit Commitments

matures.

“Incremental Revolving Loan Lender” shall have the meaning provided in Section 2.14(b).

“incur” and “incurrence” shall have the meanings provided in Section 10.1.

“Incurrence Based Amounts” shall have the meaning provided in Section 1.12(a).

“Indebtedness” shall mean, with respect to any Person, (i) any indebtedness (including principal

and premium) of such Person, whether or not contingent (a) in respect of borrowed money, (b) evidenced

by bonds, notes, debentures, or similar instruments or letters of credit or bankers’ acceptances (or,

without double counting, reimbursement agreements in respect thereof), (c) representing the balance

deferred and unpaid of the purchase price of any property (including Capitalized Lease Obligations), or

(d) representing any Hedging Obligations, if and to the extent that any of the foregoing Indebtedness

(other than letters of credit and Hedging Obligations) would appear as a net liability upon a balance sheet

(excluding the footnotes thereto) of such Person prepared in accordance with GAAP; provided that

Indebtedness of any direct or indirect parent company appearing upon the balance sheet of Intermediate

Holdings solely by reason of push down accounting under GAAP (other than in respect of any IPO

Reorganization Transaction) shall be excluded, (ii) to the extent not otherwise included, any obligation

by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the obligations of the

type referred to in clause (i) of another Person (whether or not such items would appear upon the balance

sheet of such obligor or guarantor), other than by endorsement of negotiable instruments for collection in

the ordinary course of business, (iii) to the extent not otherwise included, all obligations of such Person

in respect of Disqualified Stock and (iv) to the extent not otherwise included, the obligations of the type

referred to in clause (i) of another Person secured by a Lien on any asset owned by such Person, whether

or not such Indebtedness is assumed by such Person; provided that, notwithstanding the foregoing,

Indebtedness shall be deemed not to include (1) Contingent Obligations incurred in the ordinary course

of business, (2) prepaid or deferred revenue arising in the ordinary course of business, (3) purchase price

holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an

asset to satisfy warrants or other unperformed obligations of the seller of such asset, (4) any balance that

constitutes a trade payable or similar obligation to a trade creditor, accrued in the ordinary course of

business, (5) any earn-out obligation until such obligation, within 60 days of becoming due and payable,

has not been paid and such obligation is reflected as a liability on the balance sheet of such Person in

accordance with GAAP, (6) any obligations attributable to the exercise of appraisal rights and the

settlement of any claims or actions (whether actual, contingent or potential) with respect thereto,

(7) accrued expenses and royalties or (8) asset retirement obligations and obligations in respect of

workers’ compensation (including pensions and retiree medical care) that are not overdue by more than

60 days. The amount of Indebtedness of any Person for purposes of clause (iii) above shall (unless such

Indebtedness has been assumed by such Person) be deemed to be equal to the lesser of (x) the aggregate

unpaid amount of such Indebtedness and (y) the Fair Market Value of the property encumbered thereby

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as determined by such Person in good faith. For all purposes hereof, the Indebtedness of Intermediate

Holdings and the other Restricted Subsidiaries shall exclude all intercompany Indebtedness arising from

cash management, tax and/or accounting operations made in the ordinary course of business or consistent

with past practice.

“Indemnified Liabilities” shall have the meaning provided in Section 13.5(a).

“Indemnified Person” shall have the meaning provided in Section 13.5(a).

“Indemnified Taxes” shall mean (a) all Taxes imposed on or with respect to any payment made

by or on account of any obligation of any Credit Party under any Credit Document, other than Excluded

Taxes and (b) to the extent not otherwise described in (a), Other Taxes.

“Initial Revolving Credit Commitments” shall have the meaning provided in the definition of

the term “Revolving Credit Commitment”.

“Initial Term Loan” shall have the meaning provided in Section 2.1(a).

“Initial Term Loan Commitment” shall mean, in the case of each Lender that is a Lender on

the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s

Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the

Closing Date is $200,000,000.

“Initial Term Loan Lender” shall mean a Lender with an Initial Term Loan Commitment or an

outstanding Initial Term Loan.

“Initial Term Loan Repayment Date” shall have the meaning provided in Section 2.5(b).

“Inside Maturity Debt Exclusion” shall mean (x) any customary bridge facility, so long as the

long-term debt into which any such customary bridge facility is to be converted satisfies any otherwise

applicable limitations on maturity and weighted average life or (y) Indebtedness subject to escrow

arrangements, subject to customary conditions to release (or no conditions) over Indebtedness that

satisfies any otherwise applicable limitations on maturity and weighted average life.

“Insolvent” shall mean, with respect to any Multiemployer Plan, the condition that such

Multiemployer Plan is “insolvent” within the meaning of Section 4245 of ERISA.

“Intellectual Property” shall mean all intellectual property rights, including all (i) (a) patents,

inventions, designs, processes, developments, technology, and know-how; (b) copyrights and works of

authorship in any media, including graphics, advertising materials, labels, package designs, and

photographs; (c) trademarks, service marks, trade names, brand names, corporate names, Internet domain

names, logos, trade dress, and other source indicators, and the goodwill of any business symbolized

thereby; (d) trade secrets; and (ii) all registrations, issuances, applications, renewals, extensions,

substitutions, continuations, continuations-in-part, divisionals, re-issues, re-examinations, or similar legal

protections related to the foregoing.

“Interest Period” shall mean, with respect to any Loan, the interest period applicable thereto, as

determined pursuant to Section 2.9.

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“Interest Rate Determination Date” shall have the meaning set forth in the definition of Term

SOFR.

“Inventory” shall mean all of the “inventory” (as such term is defined in the UCC) of

Intermediate Holdings and its Subsidiaries, including, but not limited to, all merchandise, raw materials,

parts, supplies, work in process and finished goods intended for sale, together with all the containers,

packing, packaging, shipping and similar materials related thereto, and including such inventory as is

temporarily out of Intermediate Holdings’ or such Subsidiary’s custody or possession, including

inventory on the premises of others and items in transit.

“Investment” shall mean, with respect to any Person, all investments by such Person in other

Persons (including Affiliates) in the form of loans (including guarantees), advances, or capital

contributions (excluding accounts receivable, trade credit, advances to customers, commission, travel,

and similar advances to officers and employees, in each case made in the ordinary course of business),

purchases or other acquisitions for consideration of Indebtedness, Equity Interests, or other securities

issued by any other Person and investments that are required by GAAP to be classified on the

consolidated balance sheet (excluding the footnotes) of Intermediate Holdings in the same manner as the

other investments included in this definition to the extent such transactions involve the transfer of cash or

other property; provided that Investments shall not include, in the case of Intermediate Holdings and the

other Restricted Subsidiaries, intercompany loans (including guarantees), advances, or Indebtedness

arising from cash management, tax and/or accounting operations made in the ordinary course of business

or consistent with past practice.

For purposes of the definition of Unrestricted Subsidiary and Section 10.6,

(i)Investments shall include the portion (proportionate to Intermediate Holdings’

equity interest in such Subsidiary) of the Fair Market Value of the net assets of a Subsidiary of

Intermediate Holdings at the time that such Subsidiary is designated an Unrestricted Subsidiary;

provided that upon a redesignation of such Subsidiary as a Restricted Subsidiary, Intermediate

Holdings shall be deemed to continue to have a permanent Investment in an Unrestricted

Subsidiary in an amount (if positive) equal to (a) Intermediate Holdings’ Investment in such

Subsidiary at the time of such redesignation less (b) the portion (proportionate to Intermediate

Holdings’ equity interest in such Subsidiary) of the Fair Market Value of the net assets of such

Subsidiary at the time of such redesignation; and

(ii)any property transferred to or from an Unrestricted Subsidiary shall be valued at

its Fair Market Value at the time of such transfer.

The amount of any Investment outstanding at any time shall be the original cost of such

Investment, reduced by any dividend, distribution, interest payment, return of capital, repayment, or other

amount received by Intermediate Holdings or a Restricted Subsidiary in respect of such Investment

(provided that, with respect to amounts received other than in the form of Cash Equivalents, such amount

shall be equal to the Fair Market Value of such consideration).

“Investment Grade Rating” shall mean a rating equal to or higher than Baa3 (or the equivalent)

by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other rating agency.

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“Investment Grade Securities” shall mean:

(i)securities issued or directly and fully guaranteed or insured by the United States

government or any agency or instrumentality thereof (other than Cash Equivalents),

(ii)debt securities or debt instruments with an Investment Grade Rating, but

excluding any debt securities or instruments constituting loans or advances among Intermediate

Holdings and its Subsidiaries,

(iii)investments in any fund that invest at least 90% in investments of the type

described in clauses (i) and (ii) which fund may also hold immaterial amounts of cash pending

investment or distribution, and

(iv)corresponding instruments in countries other than the United States customarily

utilized for high-quality investments.

“Investor” shall have the meaning provided in the definition of the term “Equity Investment”.

“IPO” shall mean (a) the initial underwritten public offering (other than a public offering

pursuant to a registration statement on Form S-8) of common equity interests in Holdings, Intermediate

Holdings, the Borrower, any Parent Entity or any IPO Listco, (b) any transaction or series of transactions

that results in any common equity interests of Holdings, Intermediate Holdings, the Borrower, any Parent

Entity or any IPO Listco that Holdings will distribute to its direct or indirect parent in connection with an

IPO (an “IPO Entity”) being publicly-traded on any United States national securities exchange or over

the counter market, or any analogous exchange or market in Canada, Ireland, the United Kingdom or any

country of the European Union or (c) the acquisition, purchase, merger or combination of Holdings,

Intermediate Holdings, the Borrower or any Parent Entity, by, or with, a publicly-traded special

acquisition company.

“IPO Entity” shall have the meaning set forth in the definition of “IPO”.

“IPO Listco” shall mean a wholly-owned subsidiary of Holdings formed in contemplation of an

IPO to become the IPO Entity; provided that Holdings shall, promptly following its formation, notify the

Administrative Agent of the formation of any IPO Listco.

“IPO Reorganization Transactions” shall mean, collectively, the transactions taken in

connection with and reasonably related to consummating an IPO, including (a) formation and ownership

of IPO Shell Companies, (b) entry into, and performance of, (i) a reorganization agreement among any of

Holdings, its Subsidiaries and/or IPO Shell Companies implementing IPO Reorganization Transactions

and other reorganization transactions in connection with an IPO and (ii) customary underwriting

agreements in connection with an IPO and any future follow-on underwritten public offerings of common

Equity Interests in the IPO Entity, including the provision by IPO Entity and Holdings of customary

representations, warranties, covenants and indemnification to the underwriters thereunder, (c) the merger

of one or more IPO Subsidiaries with one or more direct or indirect holders of Equity Interests in

Holdings with the surviving entity in any such merger holding Equity Interests in Holdings, and the

merger of such entities with any IPO Shell Company or IPO Subsidiary, (d) the issuance of Equity

Interests of IPO Shell Companies to holders of Equity Interests of Holdings in connection with any IPO

Reorganization Transactions, (e) the entry into an exchange agreement, pursuant to which holders of

Equity Interests of Holdings will be permitted to exchange such interests for certain economic/voting

Equity Interests in IPO Listco, and (f) the entry into, and performance of, any tax receivables agreements

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by any IPO Shell Company or IPO Subsidiary, in each case of clauses (a) through (f), so long as after

giving Pro Forma Effect to any IPO Reorganization Transactions, the security interests of the Lenders in

the Collateral and the Guarantees of the Obligations, taken as a whole, would not be materially impaired.

“IPO Shell Company” shall mean each of IPO Listco and IPO Subsidiary.

“IPO Subsidiary” shall mean a wholly-owned subsidiary of IPO Listco formed in contemplation

of, and to facilitate, IPO Reorganization Transactions and an IPO. Holdings shall, promptly following its

formation, notify the Administrative Agent of the formation of an IPO Subsidiary.

“ISP” shall mean, with respect to any Letter of Credit, the “International Standby Practices

1998” as published by the Institute of International Banking Law & Practice (or such later version thereof

as may be in effect at the time of issuance).

“Issuer Documents” shall mean, with respect to any Letter of Credit, the Letter of Credit

Request and any other document, agreement, and instrument entered into by the Letter of Credit Issuer

and the Borrower (or any other Restricted Subsidiary or any Parent Guarantor) or in favor of the Letter of

Credit Issuer and relating to such Letter of Credit.

“Joinder Agreement” shall mean an agreement substantially in the form of Exhibit A, which

may include additional provisions to ensure fungibility of the Loans and to provide for mechanics for

borrowings in currencies other than Dollars.

“Joint Lead Arrangers and Bookrunners” shall mean MidCap and Monroe.

“judgment currency” shall have the meaning provided in Section 13.19.

“Junior Debt” shall mean any Indebtedness for borrowed money (other than any permitted

intercompany Indebtedness owing to Intermediate Holdings or any Restricted Subsidiary) that is

Subordinated Indebtedness, junior lien secured Indebtedness or unsecured Indebtedness.

“Latest Term Loan Maturity Date” shall mean, at any date of determination, the latest maturity

or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or

expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in

accordance with this Agreement from time to time.

“L/C Borrowing” shall mean an extension of credit resulting from a drawing under any Letter of

Credit which has not been reimbursed on the date when made or refinanced as a Borrowing.

“L/C Facility Maturity Date” shall mean the date that is five Business Days prior to the

Revolving Credit Maturity Date; provided that the L/C Facility Maturity Date may be extended beyond

such date with the consent of the applicable Letter of Credit Issuer.

“L/C Obligations” shall mean, as at any date of determination, the aggregate amount available to

be drawn under all outstanding Letters of Credit plus the aggregate of all Unpaid Drawings, including all

L/C Borrowings. For all purposes of this Agreement, if on any date of determination, a Letter of Credit

has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule

3.14 of the International Standby Practices (ISP98), such Letter of Credit shall be deemed to be

“outstanding” in the amount so remaining available to be drawn. Unless otherwise specified herein, the

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amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit

in effect at such time.

“L/C Participant” shall have the meaning provided in Section 3.3(a).

“L/C Participation” shall have the meaning provided in Section 3.3(a).

“L/C Sublimit” shall mean $20,000,000.

“LCT Election” shall have the meaning provided in Section 1.12(c).

“LCT Test Date” shall have the meaning provided in Section 1.12(c).

“Lender” or “Lenders” shall have the meanings provided in the preamble to this Agreement.

“Lender Default” shall mean (i) the refusal or failure of any Lender to make available its

portion of any incurrence of Loans, which refusal or failure is not cured within one Business Days after

the date of such refusal or failure, unless such Lender notifies the Administrative Agent in writing that

such refusal or failure is the result of such Lender’s good faith determination that one or more conditions

precedent to funding (each of which conditions precedent, together with any applicable default, shall be

specifically identified in writing) has not been satisfied, (ii) the failure of any Lender to pay over to the

Administrative Agent or any other Lender any other amount required to be paid by it hereunder within

one Business Day of the date when due, unless the subject of a good faith dispute, (iii) a Lender has

notified, in writing, the Borrower or the Administrative Agent that it does not intend to comply with its

funding obligations under this Agreement or has made a public statement to that effect with respect to its

funding obligations under this Agreement, or a Lender has publicly announced that it does not intend to

comply with its funding obligations under other loan agreements, credit agreements or similar facilities

generally, (iv) a Lender has failed to confirm in a manner reasonably satisfactory to the Administrative

Agent that it will comply with its funding obligations under this Agreement (v) a Distressed Person has

admitted in writing that it is insolvent or such Distressed Person becomes subject to a Lender-Related

Distress Event or (vi) a Lender has become the subject of a Bail-In Action; provided that no Lender

Default shall occur 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 or instrumentality) to reject, repudiate, disavow or

disaffirm any contracts or agreements made with such Lender.

“Lender-Related Distress Event” shall mean, with respect to any Lender or any other Person

that directly or indirectly controls such Lender (each, a “Distressed Person”), other than via an

Undisclosed Administration, a voluntary or involuntary case with respect to such Distressed Person

under any debt relief law, or a custodian, conservator, receiver, or similar official is appointed for such

Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed Person, or

any Person that directly or indirectly controls such Distressed Person or is subject to a forced liquidation

or such Distressed Person makes a general assignment for the benefit of creditors or is otherwise

adjudicated as, or determined by any Governmental Authority having regulatory authority over such

Distressed Person or its assets to be, insolvent or bankrupt; provided that a Lender-Related Distress

Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity

interests in any Lender or any Person that directly or indirectly controls such Lender by a Governmental

Authority or an instrumentality thereof so long as such ownership interest does not result in or provide

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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.

“Letter of Credit” shall mean each letter of credit issued pursuant to Section 3.1 or renewed,

extended or amended hereunder.

“Letter of Credit Commitment” shall mean, with respect to each Letter of Credit Issuer, such

Letter of Credit Issuer’s pro rata share of the L/C Sublimit (calculated based on such Letter of Credit

Issuer’s (or, in the case of a Letter of Credit Issuer that is a Support Agreement Bank, MidCap’s) pro rata

share of the Revolving Credit Commitments), as may be reduced from time to time pursuant to Section

3.1.

“Letter of Credit Expiration Date” shall mean the day that is five Business Days prior to the

scheduled Maturity Date then in effect for the Revolving Credit Facility.

“Letter of Credit Exposure” shall mean, with respect to any Lender, at any time, the sum of (i)

the amount of the principal amount of any Unpaid Drawings in respect of which such Lender has made

(or is required to have made) payments to the Letter of Credit Issuer pursuant to Section 3.4(a) at such

time and (ii) such Lender’s Revolving Credit Commitment Percentage of the Letters of Credit

Outstanding at such time (excluding the portion thereof consisting of Unpaid Drawings in respect of

which the Lenders have made (or are required to have made) payments to the Letter of Credit Issuer

pursuant to Section 3.4(a)).

“Letter of Credit Fee” shall have the meaning provided in Section 4.1(b).

“Letter of Credit Issuer” shall mean any Revolving Lender that agrees to act in such capacity

that procures through one or more banks, trust companies or other Persons, in each case (a) expressly

identified by the Administrative Agent or such other Revolving Lender from time to time and (b)

approved by the Borrower for purposes of issuing one or more Letters of Credit hereunder pursuant to LC

Support Agreements (such banks, trust companies or other Person, each, a “Support Agreement Bank”).

In the event that there is more than one Letter of Credit Issuer at any time, references herein and in the

other Credit Documents to the Letter of Credit Issuer shall be deemed to refer to the Letter of Credit

Issuer in respect of the applicable Letter of Credit or to all Letter of Credit Issuers, as the context requires.

“Letter of Credit Request” shall mean a notice executed and delivered by the Borrower pursuant

to Section 3.2, and substantially in a form which is acceptable to the Letter of Credit Issuer in its

reasonable discretion.

“Letters of Credit Outstanding” shall mean, at any time the sum of, without duplication, (i) the

aggregate Stated Amount of all outstanding Letters of Credit and (ii) the aggregate amount of the

principal amount of all Unpaid Drawings at such time.

“Lien” shall mean, with respect to any asset, any mortgage, lien, pledge, hypothecation, charge,

security interest, preference, priority, or encumbrance of any kind in respect of such asset, whether or not

filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title

retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a

security interest in, and any filing of, or agreement to, give any financing statement under the Uniform

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Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no event shall an operating

lease or a license, sub-license or cross-license to Intellectual Property be deemed to constitute a Lien.

“Limited Condition Transaction” shall mean (i) any Permitted Acquisition by Intermediate

Holdings or one or more of its Restricted Subsidiaries whose consummation is not conditioned on the

availability of, or on obtaining, third party financing or (ii) any redemption, repurchase, satisfaction and

discharge or repayment of Indebtedness requiring irrevocable notice in advance thereof.

“Loan” shall mean any Revolving Loan, Swingline Loan, Term Loan or any other loan made by

any Lender pursuant to this Agreement.

“Market Capitalization” shall mean an amount equal to (i) the total number of issued and

outstanding shares of Equity Interests of the Borrower (or any successor entity) or any direct or indirect

parent of the Borrower on the date of the declaration or making of the relevant Restricted Payment

multiplied by (ii) the arithmetic mean of the closing prices per share of such Equity Interests for the 30

consecutive trading days immediately preceding the date of declaration or making of such Restricted

Payment.

“Management Investors” shall mean the former, current or future officers, directors, employees

and managers (and Controlled Investment Affiliates and Immediate Family Members of the foregoing) of

Holdings, any Restricted Subsidiary or any Parent Entity who are or become direct or indirect investors

in Holdings, any Parent Entity or any Equityholding Vehicle, including any such officers, directors,

employees and managers owning through an Equityholding Vehicle.

“Mandatory Borrowing” shall have the meaning provided in Section 2.1(b).

“Master Agreement” shall have the meaning provided in the definition of the term “Hedge

Agreements”.

“Material Adverse Effect” shall mean (i) on the Closing Date, a Company Group Material

Adverse Effect (as defined in the Acquisition Agreement) and (ii) after the Closing Date, a circumstance

or condition affecting the business, assets, operations, properties, or financial condition of Intermediate

Holdings and its Subsidiaries, taken as a whole, that would, individually or in the aggregate, materially

adversely affect (i) the ability of the Borrower and the other Credit Parties, taken as a whole, to perform

their payment obligations under this Agreement or any of the other Credit Documents or (ii) the rights

and remedies of the Administrative Agent and the Lenders under the Credit Documents.

“Material Intellectual Property” shall mean Intellectual Property that is owned by and used in

the business of the Borrower or any Guarantor, the loss of which would reasonably be expected to result

in a material adverse effect on the business of the Borrower and the Guarantors, taken as a whole, in each

case.

“Material Subsidiary” shall mean, at any date of determination, each Restricted Subsidiary 

(i)  whose total assets at the last day of the Test Period ending on the last day of the most recent fiscal

period for which Section 9.1 Financials have been delivered were equal to or greater than 5.00% of the

Consolidated Total Assets of Intermediate Holdings and the Restricted Subsidiaries at such date or 

(ii)  whose revenues during such Test Period were equal to or greater than 5.00% of the consolidated

revenues of Intermediate Holdings and the Restricted Subsidiaries for such period, in each case

determined in accordance with GAAP; provided that if, at any time and from time to time after the

Closing Date, Restricted Subsidiaries that are not Material Subsidiaries (other than Subsidiaries that are

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Excluded Subsidiaries by virtue of any of clauses (ii) through (xiii) of the definition of “Excluded

Subsidiary”) have, in the aggregate, (a) total assets at the last day of such Test Period equal to or greater

than 10.00% of the Consolidated Total Assets of Intermediate Holdings and the Restricted Subsidiaries at

such date or (b) revenues during such Test Period equal to or greater than 10.00% of the consolidated

revenues of Intermediate Holdings and the Restricted Subsidiaries for such period, in each case

determined in accordance with GAAP, then Intermediate Holdings shall, on the date on which financial

statements for such quarter are delivered pursuant to this Agreement, designate in writing to the

Administrative Agent one or more of such Restricted Subsidiaries as Material Subsidiaries for each fiscal

period until this proviso is no longer applicable.

“Maturity Date” shall mean the Revolving Credit Maturity Date, the Extended Revolving Loan

Maturity Date, any Incremental Revolving Credit Maturity Date, the Term Loan Maturity Date, the New

Term Loan Maturity Date or the maturity date of an Extended Term Loan, as applicable.

“Maximum Incremental Facilities Amount” shall mean, at any date of determination, (i) the

sum of (a) (x) the greater of (1) $40,000,000 and (2) 100% of Consolidated EBITDA for the most

recently ended Test Period (calculated on a Pro Forma Basis) minus (y) the sum of (A) the aggregate

principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) in reliance on

clause (i) of this definition prior to such date, (B) the aggregate principal amount of Permitted Other

Indebtedness issued or incurred (including any unused commitments obtained) pursuant to

Section 10.1(v)(i) in reliance on clause (i) of this definition prior to such date and (C) the aggregate

principal amount of Indebtedness issued or incurred (including any unused commitment obtained) in

reliance on clause (A)(i) of Section 10.1(x) plus (b) the aggregate amount of voluntary prepayments of

Term Loans (including New Term Loans), Permitted Other Indebtedness secured by a Lien on a pari

passu basis with the Liens securing the Obligations and any other Indebtedness secured by a Lien on the

Collateral ranking equal with the Liens securing the Obligations and, to the extent accompanied by

permanent optional reductions of Revolving Credit Commitments, Revolving Loans (including purchases

of any Loans by Intermediate Holdings and its Subsidiaries at or below par, in which case the amount of

voluntary prepayments or any repayments or reductions (including by assignment in connection with the

replacement of a non-consenting Lender pursuant to Section 13.7) of Loans shall be equal to the face

amount thereof) in each case, other than from proceeds of the incurrence of long-term Indebtedness

(other than the proceeds of any revolving indebtedness (including the Revolving Credit Facility)), in each

case after giving effect to any reclassification of amounts previously incurred under this clause (i)(b) as

incurred under the immediately following clause (ii) plus (ii) an amount such that, after giving effect to

the incurrence of such amount the Borrower would be in compliance on a Pro Forma Basis (including

any adjustments required by such definition as a result of a contemplated Permitted Acquisition, but

excluding any concurrent incurrence of Indebtedness pursuant to clause (i) above and assuming the

Incremental Revolving Credit Commitments at such time are fully drawn) with (I) if such Indebtedness is

secured by a Lien on an pari passu basis with the Liens on the Collateral securing the Obligations, the

Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, shall not exceed 5.00 to 1.00, (II)

if such Indebtedness is secured by a Lien on a junior priority basis with the Liens on the Collateral

securing the Obligations, the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio, shall

not exceed 5.50 to 1.00 and (III) if such Indebtedness is unsecured, the Consolidated Total Debt to

Consolidated EBITDA Ratio, shall not exceed 6.00 to 1.00 (in each case excluding for the purposes of

calculating such ratios, any cash proceeds concurrently drawn (including Revolving Loans)) (it being

understood that (I) unless otherwise elected by the Borrower, the Borrower shall be deemed to have used

amounts under clause (ii) (to the extent compliant therewith) prior to utilization of amounts under clause

(i), (II) loans may be incurred under both clauses (i) and (ii) above, and proceeds from any such

incurrence under both clauses (i) and (ii) above, may be utilized in a single transaction by first

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calculating the incurrence under clause (ii) above and then calculating the incurrence under clause (i)

above and (III) any Indebtedness originally designated as incurred under clause (i) shall be automatically

redesignated as having been incurred under clause (ii) at any time the Borrower would be permitted to

incur under clause (ii) the aggregate principal amount of Indebtedness being so redesignated (for

purposes of clarity, with any such redesignation having the effect of increasing the Borrower’s ability to

incur Indebtedness under clause (i) as of the date of such redesignation by the amount of Indebtedness so

redesignated)).

“Merger Sub” shall have the meaning provided in the preamble to this Agreement.

“MFN Parameters” means term loans or notes that are not widely-placed (as determined by

Intermediate Holdings in good faith) (in each case, excluding customary bridge loans), in each case that

are pari passu with the Initial Term Loans funded on the Closing Date in right of payment and security

and denominated in Dollars.

“MFN Protection” shall have the meaning set forth in the proviso to Section 2.14(d)(iii).

“MidCap” means MidCap Financial Trust.

“Minimum Borrowing Amount” shall mean (i) with respect to a Borrowing of Benchmark Rate

Loans, $1,000,000 (or, if less, the entire remaining applicable Commitments at the time of such

Borrowing) and (ii) with respect to a Borrowing of ABR Loans, $1,000,000 (or, if less, the entire

remaining applicable Commitments at the time of such Borrowing).

“Minimum Collateral Amount” shall mean, at any time, (i) with respect to Cash Collateral

consisting of cash or Cash Equivalents 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 the Letter of Credit Issuer with respect to Letters of Credit issued and outstanding at such

time and (ii) with respect to Cash Collateral consisting of cash or Cash Equivalents or deposit account

balances provided in accordance with the provisions of Section 3.8(a)(i), (a)(ii) or (a)(iii), an amount

equal to 103% of the outstanding amount of all L/C Obligations.

“Minimum Tender Condition” shall have the meaning provided in Section 2.15(b).

“Monroe” means Monroe Capital, LLC

“Moody’s” shall mean Moody’s Investors Service, Inc. or any successor by merger or

consolidation to its business.

“Mortgage” shall mean a mortgage, deed of trust, deed to secure debt, trust deed, or other

security document entered into by the owner of a Mortgaged Property for the benefit of the Collateral

Agent and the Secured Parties in respect of that Mortgaged Property to secure the Obligations, in form

and substance reasonably acceptable to the Collateral Agent and Intermediate Holdings, together with

such terms and provisions as may be required by local laws.

“Mortgaged Property” shall mean, initially, each parcel of real estate and the improvements

thereto owned in fee by, as of the Closing Date, a Credit Party and identified on Schedule 8.16, and each

other owned parcel of real property and improvements thereto with respect to which a Mortgage is

granted pursuant to Section 9.13.

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“Multiemployer Plan” shall mean a “multiemployer plan” as defined in Section 4001(a)(3) of

ERISA to which any Credit Party or ERISA Affiliate makes or is obligated to make contributions, or

during the five preceding calendar years, has made or been obligated to make contributions.

“Net Cash Proceeds” shall mean, with respect to any Prepayment Event and any incurrence of

Permitted Other Indebtedness, (i) the gross cash proceeds (including payments from time to time in

respect of installment obligations, if applicable, but only as and when received) received by or on behalf

of Intermediate Holdings or any of its Restricted Subsidiaries in respect of such Prepayment Event or

incurrence of Permitted Other Indebtedness, as the case may be, less (ii) the sum of:

(a)the amount, if any, of all taxes (including in connection with any repatriation of

funds) paid or estimated to be payable by Intermediate Holdings or any of its Restricted

Subsidiaries and any Tax Distributions in connection with such Prepayment Event or incurrence

of Permitted Other Indebtedness,

(b)the amount of any reasonable reserve established in accordance with GAAP

against any liabilities (other than any taxes deducted pursuant to clause (a) above) (1) associated

with the assets that are the subject of such Prepayment Event and (2) retained by Intermediate

Holdings or any of the Restricted Subsidiaries; provided that the amount of any subsequent

reduction of such reserve (other than in connection with a payment in respect of any such

liability) shall be deemed to be Net Cash Proceeds of such a Prepayment Event occurring on the

date of such reduction,

(c)the amount of any Indebtedness (other than the Loans and Permitted Other

Indebtedness) secured by a Lien on the assets that are the subject of such Prepayment Event to the

extent that the instrument creating or evidencing such Indebtedness requires that such

Indebtedness be repaid upon consummation of such Prepayment Event,

(d)in the case of any Asset Sale Prepayment Event or Casualty Event, the amount of

any proceeds of such Prepayment Event that Intermediate Holdings or any Restricted Subsidiary

has reinvested (or intends to reinvest within the Reinvestment Period or has entered into a

binding commitment prior to the last day of the Reinvestment Period to reinvest) in the business

of Intermediate Holdings or any of the Restricted Subsidiaries; provided that any portion of such

proceeds that has not been so reinvested within such Reinvestment Period (with respect to such

Prepayment Event, the “Deferred Net Cash Proceeds”) shall, unless Intermediate Holdings or a

Restricted Subsidiary has entered into a binding commitment prior to the last day of such

Reinvestment Period to reinvest such proceeds no later than 180 days following the last day of

such Reinvestment Period, (i) be deemed to be Net Cash Proceeds of an Asset Sale Prepayment

Event or Casualty Event occurring on the last day of such Reinvestment Period or, if later, 180

days after the date Intermediate Holdings or such Restricted Subsidiary has entered into such

binding commitment, as applicable (such last day or 180th day, as applicable, the “Deferred Net

Cash Proceeds Payment Date”), and (ii) be applied to the repayment of Term Loans in

accordance with Section 5.2(a)(i);

(e)in the case of any Asset Sale Prepayment Event or Casualty Event by a

non-Wholly-Owned Restricted Subsidiary, the pro rata portion of the Net Cash Proceeds thereof

(calculated without regard to this clause (e)) attributable to non-controlling interests and not

available for distribution to or for the account of Intermediate Holdings or a Wholly-Owned

Restricted Subsidiary as a result thereof;

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(f)in the case of any Asset Sale Prepayment Event, any funded escrow established

pursuant to the documents evidencing any such sale or disposition to secure any indemnification

obligations or adjustments to the purchase price associated with any such sale or disposition;

provided that the amount of any subsequent reduction of such escrow (other than in connection

with a payment in respect of any such liability) shall be deemed to be Net Cash Proceeds of such

a Prepayment Event occurring on the date of such reduction solely to the extent that Intermediate

Holdings and/or any Restricted Subsidiaries receives cash in an amount equal to the amount of

such reduction; and

(g)all fees and out-of-pocket expenses paid by Intermediate Holdings or a

Restricted Subsidiary in connection with any of the foregoing (for the avoidance of doubt,

including, (i) in the case of the issuance of Permitted Other Indebtedness, any fees, underwriting

discounts, premiums, and other costs and expenses incurred in connection with such issuance and 

(ii) attorney’s fees, investment banking fees, survey costs, title insurance premiums, and related

search and recording charges, transfer taxes, deed or mortgage recording taxes, underwriting

discounts and commissions, other customary expenses, and brokerage, consultant, accountant and

other customary fees),

in each case, only to the extent not already deducted in arriving at the amount referred to in clause (i)

above.

“Net Income” shall mean, with respect to any Person, the net income (loss) of such Person,

determined in accordance with GAAP and before any reduction in respect of preferred stock dividends.

“New Loan Commitments” shall have the meaning provided in Section 2.14(a).

“New Revolving Credit Commitments” shall have the meaning provided in Section 2.14(a).

“New Revolving Credit Loan” shall have the meaning provided in Section 2.14(b).

“New Revolving Loan Lender” shall have the meaning provided in Section 2.14(b).

“New Revolving Loan Repayment Amount” shall have the meaning provided in

Section 2.5(d).

“New Revolving Loan Repayment Date” shall have the meaning provided in Section 2.5(d).

“New Term Loan” shall have the meaning provided in Section 2.14(c).

“New Term Loan Commitments” shall have the meaning provided in Section 2.14(a).

“New Term Loan Lender” shall have the meaning provided in Section 2.14(c).

“New Term Loan Maturity Date” shall mean the date on which a New Term Loan matures.

“New Term Loan Repayment Amount” shall have the meaning provided in Section 2.5(d).

“New Term Loan Repayment Date” shall have the meaning provided in Section 2.5(d).

“Non-Bank Tax Certificate” shall have the meaning provided in Section 5.4(e)(ii)(B)(3).

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“Non-Consenting Lender” shall have the meaning provided in Section 13.7(b).

“Non-Defaulting Lender” shall mean and include each Lender other than a Defaulting Lender.

“Non-Extension Notice Date” shall have the meaning provided in Section 3.2(d).

“Non-Expiring Credit Commitments” shall have the meaning provided in Section 2.1(d).

“Non-U.S. Lender” shall mean any Lender that is not a “United States person” as defined by

Section 7701(a)(30) of the Code.

“Notice of Borrowing” shall have the meaning provided in Section 2.3(a).

“Notice of Conversion or Continuation” shall have the meaning provided in Section 2.6(a).

“Notice of Intent to Cure” shall have the meaning provided in Section 11.14(c).

“Obligations” shall mean all advances to, and debts, liabilities, obligations, covenants and duties

of, any Credit Party arising under any Credit Document or otherwise with respect to any Revolving

Credit Commitment, Loan or Letter of Credit or under any Secured Cash Management Agreement or

Secured Hedge Agreement (other than with respect to any Credit Party’s obligations that constitute

Excluded Swap Obligations solely with respect to such Credit Party), in each case, entered into with

Intermediate Holdings or any of the Restricted Subsidiaries, whether direct or indirect (including those

acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising

and including interest and fees that accrue after the commencement by or against any Credit Party or any

Affiliate thereof of any proceeding under any bankruptcy or insolvency law naming such Person as the

debtor in such proceeding, regardless of whether such interest and fees are allowed or allowable claims

in such proceeding. Without limiting the generality of the foregoing, the Obligations of the Credit

Parties under the Credit Documents (and any of their Subsidiaries to the extent they have obligations

under the Credit Documents) include the obligation (including guarantee obligations) to pay principal,

interest, charges, expenses, fees, attorney costs, indemnities and other amounts payable by any Credit

Party under any Credit Document and all obligations, liabilities and indebtedness of any Credit Party

arising from or in connection with all LC Support Agreements.

“OFAC” shall have the meaning provided in Section 8.10.

“OpCo” shall have the meaning provided in the preamble to this Agreement.

“Original Revolving Credit Commitments” shall mean all Revolving Credit Commitments,

Existing Revolving Credit Commitments and Extended Revolving Credit Commitments, other than any

New Revolving Credit Commitments (and any Extended Revolving Credit Commitments related thereto).

“Other Taxes” shall mean all present or future stamp, court or documentary Taxes or any other

intangible, recording, filing or similar Taxes arising from any payment made hereunder or under any

other Credit Document or from the execution, delivery, performance, enforcement or registration of, from

the receipt or perfection of a security interest under, or otherwise with respect to, this Agreement or any

other Credit Document; provided that such term shall not include any Taxes that result from an

assignment, (“Assignment Taxes”) to the extent such Assignment Taxes are imposed as a result of a

connection between the Lender and the taxing jurisdiction (other than a connection arising solely from

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any Credit Documents or any transactions contemplated thereunder), except to the extent that any such

action described in this proviso is requested or required by the Borrower.

“Overnight Rate” shall mean, for any day, the greater of (a) the Federal Funds Effective Rate

and (b) an overnight rate determined by the Administrative Agent, the Swingline Lender or the Letter of

Credit Issuer, as the case may be, in accordance with banking industry rules on interbank compensation.

“Parent Entity” shall mean any Person that is a direct or indirect parent company (which may

be organized as, among other things, a partnership), including any managing member, of Holdings,

Intermediate Holdings and/or the Borrower.

“Parent Guarantors” shall have the meaning provided in the preamble to this Agreement.

“Participant” shall have the meaning provided in Section 13.6(c)(i).

“Participant Register” shall have the meaning provided in Section 13.6(c)(ii).

“Patriot Act” shall have the meaning provided in Section 13.18.

“Payment Recipient” shall have the meaning provided in Section 12.15(a).

“PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA

and any successor entity performing similar functions.

“Pension Plan” shall mean any “employee pension benefit plan” (as defined in Section 3(2) of

ERISA, but excluding any Multiemployer Plan) that is subject to Title IV of ERISA, Section 302 of

ERISA or Section 412 of the Code, in respect of which any Credit Party or any ERISA Affiliate is (or, if

such plan were terminated, would under Section 4062 or Section 4069 of ERISA, be deemed to be) an

“employer” as defined in Section 3(5) of ERISA.

“Permitted Acquisition” shall have the meaning provided in Section 10.6(c).

“Permitted Asset Swap” shall mean the concurrent purchase and sale or exchange of Related

Business Assets or a combination of Related Business Assets and cash or Cash Equivalents between

Intermediate Holdings or a Restricted Subsidiary and another Person; provided that such assets purchased

or received in such an exchange (taking into account any cash or Cash Equivalents exchanged in such

transaction) are of comparable or greater Fair Market Value or usefulness to the business of Intermediate

Holdings and its Restricted Subsidiaries, as a whole, as determined in good faith by Intermediate

Holdings; provided, further, that any cash or Cash Equivalents received must be applied in accordance

with Section 10.4.

“Permitted Debt Exchange” shall have the meaning provided in Section 2.15(a).

“Permitted Debt Exchange Notes” shall have the meaning provided in Section 2.15(a).

“Permitted Debt Exchange Offer” shall have the meaning provided in Section 2.15(a).

“Permitted Holders” shall mean each of (a) Investors as of the Closing Date, (b) the

Management Investors (including any Management Investors holding Equity Interests through a direct or

indirect parent or management investment vehicle) and their Permitted Transferees, (c) any Person who

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is acting solely as an underwriter in connection with a public or private offering of Equity Interests of

Holdings or any of its direct or indirect parent companies, acting in such capacity, (d) any group (within

the meaning of Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the Closing Date) of which

any of the foregoing are members and any member of such group; provided, that in the case of such

group and without giving effect to the existence of such group or any other group, the Sponsor shall have

beneficial ownership of more than 50% of the total voting power of the issued and outstanding Equity

Interests of Holdings or any of its direct or indirect parent companies held by such group, (e) any direct

or indirect Parent Entity formed not in connection with, or in contemplation of, a transaction (other than

the Transactions or IPO Reorganization Transactions) that, assuming such parent was not formed after

giving effect thereto, would constitute a Change of Control and (f) any entity (other than a Parent Entity)

through which a Parent Entity described in clause (e) directly or indirectly holds Equity Interests of the

Borrower and has no other material operations other than those incidental thereto.

“Permitted Investment” shall have the meaning provided in Section 10.6.

“Permitted Liens” shall mean, with respect to any Person:

(i)Liens for taxes, assessments or other governmental charges or levies not yet due

(or not delinquent) or which are being contested in good faith by appropriate action and for

which adequate reserves have been maintained in accordance with GAAP;

(ii)Liens in connection with workers’ compensation, unemployment insurance or

other social security, old age pension or public liability obligations not yet due or which are

being contested in good faith by appropriate action and for which adequate reserves have been

maintained in accordance with GAAP;

(iii)operators’, vendors’, carriers’, warehousemen’s, repairmen’s, mechanics’,

workers’, materialmen’s, construction or other like Liens arising by operation of law in the

ordinary course of business or landlord’s liens, each of which is in respect of obligations that

have not been outstanding more than 90 days or which are being contested in good faith by

appropriate proceedings and for which adequate reserves have been maintained in accordance

with GAAP;

(iv)any Liens reserved in leases for rent or royalties and for compliance with the

terms of the leases in the case of leasehold estates, to the extent that any such Lien referred to in

this clause does not materially impair the use of the property covered by such Lien for the

purposes for which such property is held by Intermediate Holdings or any Restricted Subsidiary

or materially impair the value of such property subject thereto;

(v)encumbrances (other than to secure the payment of borrowed money or the

deferred purchase price of property or services), easements, restrictions, servitudes, permits,

conditions, covenants, exceptions or reservations in any rights of way or other property of

Intermediate Holdings or any Restricted Subsidiary for the purpose of roads, pipelines,

transmission lines, transportation lines, distribution lines for the removal of gas, oil, coal or other

minerals or timber, and other like purposes, or for the joint or common use of real estate, rights

of way, facilities and equipment, and defects, irregularities, zoning restrictions, encroachments

and deficiencies in title of any rights of way or other property which in the aggregate do not

materially impair the use of such rights of way or other property for the purposes of which such

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rights of way and other property are held by Intermediate Holdings or any Restricted Subsidiary

or materially impair the value of such property subject thereto;

(vi)Liens pursuant to the Security Documents;

(vii)Liens arising out of judgments, attachments or awards not resulting in an Event

of Default under Section 11.5 or Section 11.10;

(viii)Liens (other than any Lien imposed by ERISA) (x) imposed by a Governmental

Authority or deposits made in connection therewith in the ordinary course of business in

connection with workers’ compensation, unemployment insurance and other types of social

security legislation, (y) incurred in the ordinary course of business to secure the performance of

tenders, statutory obligations (other than excise taxes), surety, stay, customs and appeal bonds,

statutory bonds, bids, leases, government contracts, trade contracts, performance and return of

money bonds and other similar obligations (exclusive of obligations for the payment of borrowed

money) or (z) arising by virtue of deposits made in the ordinary course of business to secure

liability for premiums to insurance carriers; provided that (A) with respect to clauses (x), (y) and

(z) of this clause (viii), such Liens are for amounts not yet due and payable or delinquent or, to

the extent such amounts are so due and payable, such amounts are being contested in good faith

by appropriate proceedings for which adequate reserves have been established in accordance with

GAAP and (B) to the extent such Liens are not imposed by a Governmental Authority, such Liens

shall in no event encumber any property other than cash and cash equivalents;

(ix)Liens arising out of conditional sale, title retention, consignment or similar

arrangements for the sale of goods entered into by any Restricted Subsidiary in the ordinary

course of business in accordance with the past practices of such Restricted Subsidiary;

(x)bankers’ Liens, rights of setoff and other similar Liens existing solely with

respect to cash and Cash Equivalents on deposit in one or more accounts maintained by any

Restricted Subsidiary, in each case granted in the ordinary course of business in favor of the bank

or banks with which such accounts are maintained, securing amounts owing to such bank with

respect to cash management and operating account arrangements, including those involving

pooled accounts and netting arrangements; provided that, unless such Liens are nonconsensual

and arise by operation of law, in no case shall any such Liens secure (either directly or indirectly)

the repayment of any Indebtedness;

(xi)licenses, sub-licenses or cross license of Intellectual Property granted in the

ordinary course of business;

(xii)the filing of UCC financing statements solely as a precautionary measure in

connection with (i) operating leases or consignment of goods and (ii) in connection with the sales

of Accounts pursuant to any Permitted Receivables Financing;

(xiii)leases, licenses, subleases or sublicenses granted to others in the ordinary course

of business;

(xiv)Liens (x) on cash advances in favor of the seller of any property to be acquired in

an Investment permitted pursuant to Section 10.6 to be applied against the purchase price for such

Investment and (y) consisting of an agreement to dispose of any property in an asset sale, in each

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case, solely to the extent such Investment or disposition, as the case may be, would have been

permitted on the date of the creation of such Lien;

(xv)Liens (a) of a collection bank arising under Section 4-210 of the Uniform

Commercial Code or any comparable or successor provision on items in the course of collection,

(b) attaching to commodity trading accounts or other commodity brokerage accounts incurred in

the ordinary course of business, and (c) in favor of banking or other financial institutions or other

electronic payment service providers arising as a matter of law encumbering deposits (including

the right of set-off) and which are within the general parameters customary in the banking or

finance industry;

(xvi)Liens encumbering reasonable customary initial deposits and margin deposits and

similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in

the ordinary course of business and not for speculative purposes;

(xvii)Liens (a) solely on any cash earnest money deposits made by Intermediate

Holdings or any of the Restricted Subsidiaries in connection with any letter of intent or purchase

agreement permitted under this Agreement or (b) consisting of an agreement to dispose of any

property pursuant to a disposition permitted hereunder;

(xviii)rights reserved or vested in any Person by the terms of any lease, license,

franchise, grant or permit held by Intermediate Holdings or any of the Restricted Subsidiaries or

by a statutory provision, to terminate any such lease, license, franchise, grant or permit, or to

require annual or periodic payments as a condition to the continuance thereof;

(xix)restrictive covenants affecting the use to which real property may be put;

provided that the covenants are complied with;

(xx)security given to a public utility or any municipality or governmental authority

when required by such utility or authority in connection with the operations of that Person in the

ordinary course of business;

(xxi)(a) Liens on Equity Interests in joint ventures; provided that any such Lien is in

favor of a creditor of such joint venture and such creditor is not an Affiliate of any partner to

such joint venture and (b) purchase options, call and similar rights of, and restrictions for the

benefit of, a third party with respect to Equity Interests held by Intermediate Holdings or any

Restricted Subsidiary in joint ventures;

(xxii)Liens on cash and Cash Equivalents that are earmarked to be used to satisfy or

discharge Indebtedness; provided (a) such cash and/or Cash Equivalents are deposited into an

account from which payment is to be made, directly or indirectly, to the Person or Persons

holding the Indebtedness that is to be satisfied or discharged, (b) such Liens extend solely to the

account in which such cash and/or Cash Equivalents are deposited and are solely in favor of the

Person or Persons holding the Indebtedness (or any agent or trustee for such Person or Persons)

that is to be satisfied or discharged, and (c) the satisfaction or discharge of such Indebtedness is

expressly permitted hereunder;

(xxiii)with respect to any Foreign Subsidiary, other Liens and privileges arising

mandatorily by any Requirements of Law;

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(xxiv)to the extent arising pursuant to a Requirement of Law, Liens on cash or Cash

Equivalents securing Hedge Agreements in the ordinary course of business; and

(xxv)other Liens; provided that the aggregate outstanding face amount of obligations

secured by Liens existing in reliance on this clause (xxv) shall not exceed the greater of

$20,000,000 and 50% of Consolidated EBITDA for the most recently ended Test Period

(calculated on a Pro Forma Basis) as of such time of incurrence.

“Permitted Other Indebtedness” shall mean Indebtedness consisting of one or more series of

secured or unsecured bonds, notes or debentures (including in a public offering, Rule 144A or other

private placement) or secured or unsecured loans (including a bridge facility or syndicated loan

financing) (which Indebtedness if secured, must be secured either by Liens that are pari passu with the

Liens on the Collateral securing the Obligations or be secured by Liens that are junior to the Liens on the

Collateral securing the Obligations), in each case issued or incurred by the Borrower or a Guarantor

(other than Holdings); provided that (a) except in the case of any Inside Maturity Debt Exclusion, the

maturity date of such Indebtedness shall be no earlier than the Term Loan Maturity Date and such

Indebtedness shall not have a shorter weighted average life to maturity than the existing Initial Term

Loans, (b) if such Indebtedness is incurred pursuant to Section 10.1(v)(i), such Indebtedness shall be

subject to the same terms and conditions set forth in Section 2.14 that are applicable to New Term Loans,

except the covenants, events of default and mandatory prepayments either, at the option of Intermediate

Holdings, (i) shall be not materially more restrictive (taken as a whole) (other than with respect to

economic terms and prepayment or redemption provisions) to Intermediate Holdings and its Restricted

Subsidiaries than the covenants, events of default and mandatory prepayment provisions applicable to the

Initial Term Loans, unless (x) the Lenders of the Term Loans receive the benefit of such more restrictive

terms or (y) any such provisions apply after the Term Loan Maturity Date or (ii) reflect market terms and

conditions (taken as a whole) at the time of incurrence or issuance (as determined by Intermediate

Holdings in good faith), (c) with respect to such Indebtedness, no Subsidiary of Holdings (other than

Intermediate Holdings or a Guarantor) shall be an obligor, (d) that, if such Indebtedness is secured, such

Indebtedness shall not be secured by a Lien on any assets other than the Collateral and (e) such

Indebtedness shall be subject to an Acceptable Intercreditor Agreement or other intercreditor

documentation reasonably acceptable to the Administrative Agent and the Borrower, if applicable.

“Permitted Other Indebtedness Documents” shall mean any document or instrument (including

any guarantee, security agreement or mortgage and which may include any or all of the Credit

Documents) issued or executed and delivered with respect to any Permitted Other Indebtedness by any

Credit Party.

“Permitted Other Indebtedness Obligations” shall mean, if any Permitted Other Indebtedness

is issued or incurred, all advances to, and debts, liabilities, obligations, covenants and duties of, any

Credit Party arising under any Permitted Other Indebtedness Document, whether direct or indirect

(including those acquired by assumption), absolute or contingent, due or to become due, now existing or

hereafter arising, and including interest and fees that accrue after the commencement by or against any

Credit Party or any Affiliate thereof of any proceeding under any bankruptcy or insolvency law naming

such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed or

allowable claims in such proceeding. Without limiting the generality of the foregoing, the Permitted

Other Indebtedness Obligations of the applicable Credit Parties under the Permitted Other Indebtedness

Documents (and any of their Restricted Subsidiaries to the extent they have obligations under the

Permitted Other Indebtedness Documents) include the obligation (including guarantee obligations) to pay

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principal, interest, charges, expenses, fees, attorney costs, indemnities and other amounts payable by any

such Credit Party under any Permitted Other Indebtedness Document.

“Permitted Other Provision” shall have the meaning provided in Section 2.14(g)(i).

“Permitted Receivables Financing” shall have the meaning provided in the definition of the

term “Asset Sale”.

“Permitted Repricing Amendment” shall have the meaning provided in Section 13.1.

“Permitted Transferees” shall mean, with respect to any Person that is a natural person (and

any Permitted Transferee of such Person), (a) such Person’s Immediate Family Members, including his or

her spouse, ex-spouse, children, step-children and their respective lineal descendants and (b) without

duplication with any of the foregoing, such Person’s heirs, executors and/or administrators upon the death

of such Person and any other Person who was an Affiliate of such Person upon the death of such Person

and who, upon such death, directly or indirectly owned Equity Interests in Holdings or any other IPO

Entity.

“Permitted Sale Leaseback” shall mean any Sale Leaseback consummated by Intermediate

Holdings or any of the Restricted Subsidiaries after the Closing Date; provided that any such Sale

Leaseback that is not between (a) a Credit Party and another Credit Party or (b) a Restricted Subsidiary

that is not a Credit Party and another Restricted Subsidiary that is not a Credit Party must be

consummated for Fair Market Value as determined at the time of consummation in good faith by (i)

Intermediate Holdings or such Restricted Subsidiary or (ii) in the case of any Sale Leaseback (or series of

related Sale Leasebacks) the aggregate proceeds of which exceed the greater of (a) $10,000,000 and

(b) 25% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma

Basis) at the time of the incurrence of such Sale Leaseback, the sole member (or analogous governing

body) of Intermediate Holdings or such Restricted Subsidiary (which such determination may take into

account any retained interest or other Investment of Intermediate Holdings or such Restricted Subsidiary

in connection with, and any other material economic terms of, such Sale Leaseback).

“Person” shall mean any individual, partnership, joint venture, firm, corporation, limited liability

company, association, trust, or other enterprise or any Governmental Authority.

“Plan” shall mean, other than any Multiemployer Plan, any “employee benefit plan” (as defined

in Section 3(3) of ERISA), including any “employee welfare benefit plan” (as defined in Section 3(1) of

ERISA), any “employee pension benefit plan” (as defined in Section 3(2) of ERISA), and any plan which

is both an employee welfare benefit plan and an employee pension benefit plan, and in respect of which

any Credit Party or, with respect to any such plan that is that is subject to Title IV of ERISA, Section 302

of ERISA or Section 412 of the Code, any ERISA Affiliate is (or, if such Plan were terminated, would

under Section 4062 or Section 4069 of ERISA be reasonably likely to be deemed to be) an “employer” as

defined in Section 3(5) of ERISA.

“Planned Expenditures” shall have the meaning provided in the definition of the term “Excess

Cash Flow”.

“Platform” shall have the meaning provided in Section 13.17(a).

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“Pledge Agreement” shall mean the Pledge Agreement entered into by the Credit Parties party

thereto and the Collateral Agent for the benefit of the Secured Parties, substantially in the form of

Exhibit C.

“Post-Acquisition Period” shall mean, with respect to any Permitted Acquisition, the period

beginning on the date such Permitted Acquisition is consummated and ending on the last day of the eighth

full consecutive fiscal quarter immediately following the date on which such Permitted Acquisition is

consummated.

“Prepayment Event” shall mean any Asset Sale Prepayment Event, Debt Incurrence

Prepayment Event or Casualty Event.

“Prepayment Trigger” shall have the meaning provided in the definition of the term “Asset Sale

Prepayment Event”.

“primary obligation” shall have the meaning provided such term in the definition of

“Contingent Obligations”.

“primary obligor” shall have the meaning provided in the definition of “Contingent

Obligations”.

“Pro Forma Adjustment” shall mean, for any Test Period that includes all or any part of a fiscal

quarter included in any Post-Acquisition Period, with respect to the Acquired EBITDA of the applicable

Acquired Entity or Business or Converted Restricted Subsidiary or the Consolidated EBITDA of

Intermediate Holdings, the pro forma increase or decrease in such Acquired EBITDA or such

Consolidated EBITDA, as the case may be, projected by Intermediate Holdings in good faith as a result

of (i) actions taken during such Post-Acquisition Period for the purposes of realizing reasonably

identifiable and factually supportable cost savings, operating expenses reductions and operating

enhancements or (ii) any additional costs incurred during such Post-Acquisition Period, in each case, in

connection with the combination of the operations of such Acquired Entity or Business or Converted

Restricted Subsidiary with the operations of Intermediate Holdings and the Restricted Subsidiaries;

provided that (a) at the election of Intermediate Holdings, such Pro Forma Adjustment shall not be

required to be determined for any Acquired Entity or Business or Converted Restricted Subsidiary to the

extent the aggregate consideration paid in connection with such acquisition was less than $10,000,000;

and (b) so long as such actions are taken during such Post-Acquisition Period or such costs are incurred

during such Post-Acquisition Period, as applicable, it may be assumed, for purposes of projecting such

pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case

may be, that the applicable amount of such cost savings, operating expenses reductions and operating

enhancements will be realizable during the entirety of such Test Period, or the applicable amount of such

additional costs, as applicable, will be incurred during the entirety of such Test Period; provided, further,

that any such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA,

as the case may be, shall be without duplication for, and subject to applicable caps and limitations set

forth in such defined terms in respect of, cost savings or additional costs or other items already included

in such Acquired EBITDA, such Consolidated EBITDA or Section 1.12, as the case may be, for such

Test Period.

“Pro Forma Basis,” “Pro Forma Compliance,” and “Pro Forma Effect” shall mean, with

respect to compliance with any test, financial ratio or covenant hereunder, that (i) to the extent

applicable, the Pro Forma Adjustment shall have been made and (ii) all Specified Transactions and the

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following transactions in connection therewith shall be deemed to have occurred as of the first day of the

applicable period of measurement in such test or covenant: (a) income statement items (whether positive

or negative) attributable to the property or Person subject to such Specified Transaction, (1) in the case of

a sale, transfer or other disposition of all or substantially all Capital Stock in any Subsidiary of

Intermediate Holdings or any division, product line, or facility used for operations of Intermediate

Holdings or any of its Subsidiaries, shall be excluded, and (2) in the case of a Permitted Acquisition or

Investment described in the definition of “Specified Transaction”, shall be included, (b) any retirement of

Indebtedness, and (c) other than as set forth in the definition of “Maximum Incremental Facilities

Amount”, any incurrence or assumption of Indebtedness by Intermediate Holdings or any of the

Restricted Subsidiaries in connection therewith (it being agreed that if such Indebtedness has a floating

or formula rate, such Indebtedness shall have an implied rate of interest for the applicable period for

purposes of this definition determined by utilizing the rate that is or would be in effect with respect to

such Indebtedness as at the relevant date of determination); provided that, without limiting the

application of the Pro Forma Adjustment pursuant to clause (a) above, the foregoing pro forma

adjustments may be applied to any such test or covenant solely to the extent that such adjustments are

consistent with the definition of Consolidated EBITDA and give effect to operating expense reductions

and operating enhancements that are (x) (1) directly attributable to such transaction, (2) expected to have

a continuing impact on Intermediate Holdings or any of the other Restricted Subsidiaries and (3) factually

supportable or (y) otherwise consistent with the definition of Pro Forma Adjustment.

“Pro Forma Entity” shall have the meaning provided such term in the definition of “Acquired

EBITDA”.

“Prohibited Transaction” shall have the meaning assigned to such term in Section 406 of

ERISA and Section 4975(c) of the Code.

“Projections” shall have the meaning provided in Section 9.1(c).

“PTE” shall mean a prohibited transaction class exemption issued by the U.S. Department of

Labor, as any such exemption may be amended from time to time.

“QFC” shall have the meaning of “qualified financial contract” set forth in, and shall be

interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

“QFC Credit Support” shall have the meaning provided in Section 13.25.

“Qualified Stock” of any Person shall mean Capital Stock of such Person other than

Disqualified Stock of such Person.

“Real Estate” shall have the meaning provided in Section 9.1(g).

“refinance” shall have the meaning provided in Section 10.1(l).

“Refinanced Facility” shall have the meaning provided in Section 13.1.

“Refinancing Indebtedness” shall have the meaning provided in Section 10.1(l).

“Register” shall have the meaning provided in Section 13.6(b)(iv).

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“Regulation T” shall mean Regulation T of the Board as from time to time in effect and any

successor to all or a portion thereof establishing margin requirements.

“Regulation U” shall mean Regulation U of the Board as from time to time in effect and any

successor to all or a portion thereof establishing margin requirements.

“Regulation X” shall mean Regulation X of the Board as from time to time in effect and any

successor to all or a portion thereof establishing margin requirements.

“Reimbursement Date” shall have the meaning provided in Section 3.4(a).

“Reimbursement Obligations” shall mean the Borrower’s obligations to reimburse Unpaid

Drawings pursuant to Section 3.4(a).

“Reinvestment Period” shall mean eighteen months following the date of receipt of Net Cash

Proceeds of an Asset Sale Prepayment Event or Casualty Event.

“Rejection Notice” shall have the meaning provided in Section 5.2(f).

“Related Business Assets” shall mean assets (other than cash or Cash Equivalents) used or

useful in a Similar Business; provided that any assets received by Intermediate Holdings or the Restricted

Subsidiaries in exchange for assets transferred by Intermediate Holdings or a Restricted Subsidiary shall

not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt

of the securities of such Person, such Person would become a Restricted Subsidiary.

“Related Fund” shall mean, with respect to any Lender that is a Fund, any other Fund that is

advised or managed by (a) such Lender, (b) an Affiliate of such Lender or (c) an entity or an Affiliate of

such entity that administers, advises or manages such Lender.

“Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and

the directors, officers, employees, agents, trustees, servicers and advisors of such Person and any Person

that possesses, directly or indirectly, the power to direct or cause the direction of the management or

policies of such Person, whether through the ability to exercise voting power, by contract or otherwise.

“Release” shall mean any release, spill, emission, discharge, disposal, escaping, leaking,

pumping, pouring, dumping, emptying, injection, or leaching into or migration through the environment

(but excluding migration of naturally occurring substances).

“Relevant Governmental Body” the Board of Governors, the Federal Reserve Bank of New

York and/or the Term SOFR Administrator, as applicable, or a committee officially endorsed or

convened by the Board of Governors and/or the Federal Reserve Bank of New York or, in each case, any

successor thereto.

“Removal Effective Date” shall have the meaning provided in Section 12.9(b).

“Repayment Amount” shall mean the Term Loan Repayment Amount, a New Term Loan

Repayment Amount with respect to any Series or an Extended Term Loan Repayment Amount with

respect to any Extension Series, as applicable.

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“Replacement Facility Commitment” shall mean the commitments of the Lenders to make

Replacement Facilities.

“Replacement Facilities” shall have the meaning provided in Section 13.1.

“Reportable Event” shall mean any “reportable event”, as defined in Section 4043(c) of ERISA

or the regulations issued thereunder, with respect to a Pension Plan (other than a Pension Plan maintained

by an ERISA Affiliate that is considered an ERISA Affiliate only pursuant to subsection (m) or (o) of

Section 414 of the Code), other than those events as to which notice is waived pursuant to PBGC Reg.

§ 4043.

“Required Lenders” shall mean, at any date, (a) Non-Defaulting Lenders having or holding a

majority of the sum of (i) the Adjusted Total Revolving Credit Commitment at such date, (ii) the

Adjusted Total Term Loan Commitment at such date and (iii) the aggregate outstanding principal amount

of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date or (b) if the Total

Revolving Credit Commitment and the Total Term Loan Commitment have been terminated or for the

purposes of acceleration pursuant to Section 11, Non-Defaulting Lenders having or holding a majority of

the outstanding principal amount of the Loans and Letter of Credit Exposure (excluding the Loans and

Letter of Credit Exposure of Defaulting Lenders) in the aggregate at such date; provided that, at all times

when there are two or more Lenders that are not Affiliates or Approved Funds of each other, Required

Lenders must include at least two Lenders that are not Affiliates or Approved Funds of each other.

“Required DDTL Lenders” means, at any time, Term Loan Lenders (other than Defaulting

Lenders) having unused Delayed Draw Term Loan Commitments representing more than 50% of the

aggregate unused Delayed Draw Term Loan Commitments at such time; provided that for any Required

DDTL Lenders’ vote, (x) Delayed Draw Term Loans held by Debt Fund Affiliates and Non-Debt Fund

Affiliates, in the aggregate, may not account for more than 49.9% of the amounts included in determining

whether the Required DDTL Lenders have consented to any amendment, waiver or other action and (y)

no Defaulting Lender shall be included in the calculation of Required DDTL Lenders; provided that, at

all times when there are two or more Term Loan Lenders having unused Delayed Draw Term Loan

Commitments that are not Affiliates or Approved Funds of each other, Required DDTL Lenders must

include at least two Term Loan Lenders having unused Delayed Draw Term Loan Commitments that are

not Affiliates or Approved Funds of each other.

“Requirements of Law” shall mean, as to any Person, the certificate of incorporation and

by-laws or other organizational or governing documents of such Person, and any law, treaty, rule, or

regulation or determination of an arbitrator or a court or other Governmental Authority, in each case

applicable to or binding upon such Person or any of its property or assets or to which such Person or any

of its property or assets is subject.

“Resignation Effective Date” shall have the meaning provided in Section 12.9(a).

“Resolution Authority” shall mean an EEA Resolution Authority or, with respect to any UK

Financial Institution, a UK Resolution Authority.

“Restricted Debt Payments” shall have the meaning provided in Section 10.7.

“Restricted Payments” shall mean any dividend or other distribution (whether in cash,

securities or other property) with respect to any Equity Interests in Intermediate Holdings, any other

Parent Guarantor, the Borrower or any Restricted Subsidiary, or any payment (whether in cash, securities

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or other property), including any sinking fund or similar deposit, on account of the purchase, redemption,

retirement, acquisition, cancellation or termination of any such Equity Interests in Intermediate Holdings,

any other Parent Guarantor, the Borrower or any Restricted Subsidiary or any option, warrant or other

right to acquire any such Equity Interests in Intermediate Holdings, any other Parent Guarantor, the

Borrower or any Restricted Subsidiary.

“Restricted Person” and/or “Restricted Persons” shall have the meaning provided in Section

13.16.

“Restricted Subsidiary” shall mean any Subsidiary of Intermediate Holdings (including, for the

avoidance of doubt, the Borrower) other than an Unrestricted Subsidiary.

“Retained Excess Cash Flow” shall mean commencing with the fiscal year ended December 31,

2025, Excess Cash Flow (but not less than zero in any period) in respect of any fiscal year not required to

be applied in prepayment pursuant to Section 5.2(a)(ii) (but excluding the amount of any Excess Cash

Flow not required to be applied in prepayment as a result of the deductions to any such prepayment

amount pursuant to clause (y) of such Section 5.2(a)(ii) or the application of Section 5.2(a)(iv))).

“Revolving Credit Commitment” shall mean, as to each Revolving Credit Lender, (a) its

obligation to make Revolving Credit Loans to the Borrower pursuant to Section 2.1(b), in an aggregate

principal amount at any one time outstanding not to exceed the amount set forth, and opposite such

Lender’s name on Schedule 1.1(a) under the caption “Revolving Credit Commitment,” Schedule A to

Amendment No. 1 under the caption “Amendment No. 1 Incremental Revolving Credit

Commitment or in the Assignment and Acceptance pursuant to which such Lender becomes a party

hereto, as applicable, as such amount may be adjusted from time to time in accordance with this

Agreement (including Section 2.14) and (b) if applicable, Replacement Facility Commitment with respect

to any Series. The aggregate Revolving Credit Commitments of all Revolving Credit Lenders shall be

$50,000,000 on the Closing Date (the “Initial Revolving Credit Commitments”), as such amount may

be; provided that such Initial Revolving Credit Commitments shall be increased in the amount of

the Amendment No. 1 Incremental Revolving Credit Commitment on the Amendment No. 1

Effective Date and may be further adjusted from time to time in accordance with the terms of this

Agreement.

“Revolving Credit Commitment Percentage” shall mean at any time, for each Lender, the

percentage obtained by dividing (i) such Lender’s Revolving Credit Commitment at such time by (ii) the

amount of the Total Revolving Credit Commitment at such time; provided that, at any time when the

Total Revolving Credit Commitment shall have been terminated, each Lender’s Revolving Credit

Commitment Percentage shall be the percentage obtained by dividing (a) such Lender’s Revolving Credit

Exposure at such time by (b) the Revolving Credit Exposure of all Lenders at such time.

“Revolving Credit Exposure” shall mean, with respect to any Lender at any time, the sum of

(i) the aggregate principal amount of Revolving Credit Loans of such Lender then outstanding, (ii) such

Lender’s Letter of Credit Exposure at such time and (iii) such Lender’s Revolving Credit Commitment

Percentage of the aggregate principal amount of all outstanding Swingline Loans at such time.

“Revolving Credit Facility” shall mean, at any time, the aggregate amount of the Revolving

Credit Lenders’ Revolving Credit Commitments at such time.

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“Revolving Credit Lender” shall mean, at any time, any Lender that has a Revolving Credit

Commitment, Incremental Revolving Credit Commitment or Extended Revolving Credit Commitment at

such time.

“Revolving Credit Loan” shall have the meaning provided in Section 2.1(b).

“Revolving Credit Maturity Date” shall mean the earlier of (i) January 2, 2031 or, if such date

is not a Business Day, the immediately preceding Business Day and (ii) the date on which the Revolving

Credit Commitments shall terminate in accordance with the provisions of this Agreement.

“Revolving Credit Termination Date” shall mean the date on which the Revolving Credit

Commitments shall have terminated or no Revolving Credit Loans or Swingline Loans shall be

outstanding and the Letters of Credit Outstanding shall have been reduced to zero or Cash Collateralized.

“Revolving Loan” shall mean, collectively or individually as the context may require, any (i)

Revolving Credit Loan (including, for the avoidance of doubt, any Amendment No. 1 Incremental

Revolving Loan), (ii) Extended Revolving Credit Loan, (iii) New Revolving Credit Loan and (iv)

Additional Revolving Credit Loan, in each case made pursuant to and in accordance with the terms and

conditions of this Agreement.

“S&P” shall mean S&P Global Ratings or any successor by merger or consolidation to its

business.

“Sale Leaseback” shall mean any arrangement with any Person directly or indirectly providing

for the leasing by Intermediate Holdings or any Restricted Subsidiary of any real or tangible personal

property, which property has been or is to be sold or transferred by Intermediate Holdings or such

Restricted Subsidiary to such Person in contemplation of such leasing.

“Sanctions” shall mean any economic or financial sanctions or trade embargoes administered or

enforced by the government of the United States (including without limitation, OFAC and the U.S.

Department of State), the United Nations Security Council, the European Union (or its member states),

the United Kingdom (including His Majesty’s Treasury (“HMT”)) or other relevant sanctions authority.

“SDN List” shall have the meaning provided in Section 8.21.

“SEC” shall mean the Securities and Exchange Commission or any successor thereto.

“Section 2.14 Additional Amendment” shall have the meaning provided in Section 2.14(g)(iv).

“Section 9.1 Financials” shall mean the financial statements delivered, or required to be

delivered, pursuant to Section 9.1(a) or (b) together with the accompanying officer’s certificate delivered,

or required to be delivered, pursuant to Section 9.1(d).

“Secured Cash Management Agreement” shall mean any Cash Management Agreement that is

entered into by and between Holdings, Intermediate Holdings, the Borrower or any of the Restricted

Subsidiaries and any Cash Management Bank, which is specified in writing by Intermediate Holdings to

the Administrative Agent as constituting a Secured Cash Management Agreement hereunder.

“Secured Cash Management Obligations” shall mean Obligations under Secured Cash

Management Agreements.

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“Secured Hedge Agreement” shall mean any Hedge Agreement that is entered into by and

between Holdings, Intermediate Holdings, the Borrower or any Restricted Subsidiary and any Hedge

Bank, which is specified in writing by Intermediate Holdings to the Administrative Agent as constituting

a “Secured Hedge Agreement” hereunder. For purposes of the preceding sentence, Intermediate

Holdings may deliver one notice designating all Hedge Agreements entered into pursuant to a specified

Master Agreement as “Secured Hedge Agreements”. Notwithstanding anything to the contrary, a Hedge

Agreement entered into by a Restricted Subsidiary shall remain a Secured Hedge Agreement

notwithstanding that such Restricted Subsidiary is subsequently designated an Unrestricted Subsidiary

(but not any Hedge Agreement entered into after the date of such designation), unless otherwise agreed

between such Restricted Subsidiary and Hedge Bank.

“Secured Hedge Obligations” shall mean Obligations under Secured Hedge Agreements.

“Secured Parties” shall mean the Administrative Agent, the Collateral Agent, the Letter of

Credit Issuer and each Lender, in each case with respect to the Credit Facilities, each Hedge Bank that is

party to any Secured Hedge Agreement with Holdings, Intermediate Holdings or any Restricted

Subsidiary, each Cash Management Bank that is party to a Secured Cash Management Agreement with

Holdings, Intermediate Holdings or any Restricted Subsidiary and each subagent pursuant to Section 12

appointed by the Administrative Agent with respect to matters relating to the Credit Facilities or the

Collateral Agent with respect to matters relating to any Security Document.

“Securities Exchange Act” shall mean Securities Exchange Act of 1934, as amended.

“Security Agreement” shall mean the Security Agreement entered into by the Credit Parties

party thereto and the Collateral Agent for the benefit of the Secured Parties, substantially in the form of

Exhibit D.

“Security Documents” shall mean, collectively, the Pledge Agreement, the Security Agreement,

the Mortgages, intellectual property security agreements and each other security agreement or other

instrument or document executed and delivered pursuant to Sections 9.10, 9.11, or 9.13 or pursuant to

any other such Security Documents to secure the Obligations or to govern the lien priorities of the

holders of Liens on the Collateral.

“Series” shall have the meaning provided in Section 2.14(a).

“Similar Business” shall mean any business conducted or proposed to be conducted by

Holdings, Intermediate Holdings, the Borrower and the Restricted Subsidiaries (after giving effect to the

Acquisition) on the Closing Date or any business that is similar, reasonably related, synergistic,

incidental or ancillary thereto.

“SOFR” shall mean a rate equal to the secured overnight financing rate as administered by the

SOFR Administrator.

“SOFR Administrator” shall mean the Federal Reserve Bank of New York (or a successor

administrator of the secured overnight financing rate).

“SOFR Administrator’s Website” shall mean the Federal Reserve Bank of New York’s

website, currently at http://www.newyorkfed.org, or any successor source for the secured overnight

financing rate identified as such by the SOFR Administrator from time to time.

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“SOFR Rate Day” shall have the meaning provided in the definition of Daily Simple SOFR.

“Sold Entity or Business” shall have the meaning provided in the definition of the term

“Consolidated EBITDA”.

“Solvent” shall mean, after giving effect to the consummation of the Transactions, (i) the sum of

the debt (including contingent liabilities) of Intermediate Holdings and its Subsidiaries, on a consolidated

basis, does not exceed the present fair saleable value of the present assets of Intermediate Holdings and

its Subsidiaries, on a consolidated basis, (ii) the capital of Intermediate Holdings and its Subsidiaries, on

a consolidated basis, is not unreasonably small in relation to their business as contemplated on the date

hereof, (iii) Intermediate Holdings and its Subsidiaries, on a consolidated basis, have not incurred and do

not intend to incur, or believe that they will incur, debts, including current obligations, beyond their

ability to pay such debts as they become due (whether at maturity or otherwise) or (iv) Intermediate

Holdings and its Subsidiaries, on a consolidated basis, are “solvent” within the meaning given to that

term and similar terms under applicable laws relating to fraudulent transfers and conveyances.

“Specified Acquisition Agreement Representations” shall mean the representations and

warranties made by the Company with respect to the Company and its Subsidiaries in the Acquisition

Agreement as are material to the interests of the Secured Parties, but only to the extent that Intermediate

Holdings (or any of its Affiliates) has the right to terminate its (or their) obligations pursuant to the

Acquisition Agreement as a result of a breach or inaccuracy of such representations and warranties in the

Acquisition Agreement.

“Specified Existing Revolving Credit Commitment” shall have the meaning provided in

Section 2.14(g)(ii).

“Specified Representations” shall mean the representations and warranties set forth in Sections

8.1, 8.2, 8.3(c), 8.5, 8.7, 8.16 (as it relates to the creation, validity, perfection and priority of the security

interests in the Collateral), 8.17 and 8.18.

“Specified Transaction” shall mean, with respect to any period, any Investment (including a

Permitted Acquisition), any asset sale, incurrence or repayment of Indebtedness, Restricted Payment,

Subsidiary designation, New Term Loan, Incremental Revolving Credit Commitment or other event or

action that in each case by the terms of this Agreement requires Pro Forma Compliance with a test or

covenant hereunder or requires such test or covenant to be calculated on a Pro Forma Basis.

“Sponsor” shall mean Olympus Growth Fund VIII, L.P and Olympus Growth Fund VIII Parallel,

L.P., together with their respective managed funds and/or managed accounts and any Affiliates of the

foregoing (other than any other operating portfolio company).

“Spot Rate” for any currency shall mean the rate determined by the Administrative Agent to be

the rate quoted by the Administrative Agent as the spot rate for the purchase by the Administrative Agent

of such currency with another currency through its principal foreign exchange trading office at

approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign

exchange computation is made; provided that the Administrative Agent may obtain such spot rate from

another financial institution designated by the Administrative Agent if it does not have as of the date of

determination a spot buying rate for any such currency.

“SPV” shall have the meaning provided in Section 13.6(g).

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“Stated Amount” of any Letter of Credit shall mean the maximum amount from time to time

available to be drawn thereunder, determined without regard to whether any conditions to drawing could

then be met; provided, however, that with respect to any Letter of Credit that by its terms or the terms of

any Issuer Document provides for one or more automatic increases in the stated amount thereof, the

Stated Amount shall be deemed to be the maximum stated amount of such Letter of Credit after giving

effect to all such increases, whether or not such maximum stated amount is in effect at such time.

“Stock Equivalents” shall mean all securities convertible into or exchangeable for Capital Stock

and all warrants, options or other rights to purchase or subscribe for any Capital Stock, whether or not

presently convertible, exchangeable or exercisable.

“Subordinated Indebtedness” shall mean Indebtedness of Intermediate Holdings or any other

Guarantor that is by its terms subordinated in right of payment to the obligations Intermediate Holdings or

such Guarantor, as applicable, under this Agreement or the Guarantee, as applicable.

“Subsidiary” of any Person shall mean and include (i) any corporation more than 50% of whose

Capital Stock of any class or classes having by the terms thereof ordinary voting power to elect a

majority of the directors of such corporation (irrespective of whether or not at the time Capital Stock of

any class or classes of such corporation shall have or might have voting power by reason of the

happening of any contingency) is at the time owned by such Person directly or indirectly through

Subsidiaries, or (ii) any limited liability company, partnership, association, joint venture, or other entity of

which such Person directly or indirectly through Subsidiaries has more than a 50% equity interest at the

time. Unless otherwise expressly provided, all references herein to a Subsidiary shall mean a Subsidiary

of Intermediate Holdings.

“Successor Borrower” shall have the meaning provided in Section 10.3(a).

“Supported QFC” shall have the meaning provided in Section 13.25.

“Swap Agreement” shall mean any agreement with respect to any swap, forward, future or

derivative transaction or option or similar agreement involving, or settled by reference to, one or more

rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing

indices or measures of economic, financial or pricing risk or value or any similar transaction or any

combination of these transactions; provided that no phantom stock or similar plan providing for payments

only on account of services provided by current or former directors, officers, employees or consultants of

Intermediate Holdings or the Subsidiaries shall be a Swap Agreement.

“Swap Obligation” shall mean, 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 1(a)(47) of the Commodity Exchange Act.

“Swingline Commitment” shall mean the lesser of (i) $7,500,000 and (ii) the remaining portion

of the Revolving Credit Commitment. The Swingline Commitment is part of and not in addition to the

Revolving Credit Commitment.

“Swingline Exposure” shall mean, at any time, the aggregate principal amount at such time of

all outstanding Swingline Loans. The Swingline Exposure of any Revolving Credit Lender at any time

shall equal its Revolving Credit Commitment Percentage of the aggregate Swingline Exposure at such

time.

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“Swingline Lender” shall mean MidCap, in its capacity as lender of Swingline Loans hereunder

or, upon the resignation of MidCap as Agent hereunder, either (i) any Lender (or Affiliate or Approved

Fund of any Lender) that agrees, with the approval of Agent (or, if there is no such successor Agent, the

Required Lenders) and, so long as no Event of Default under Sections 11.1 or 11.5 is continuing, the

Borrower (not to be unreasonably withheld, delayed or conditioned), to act as the Swing Lender or (ii) to

the extent a successor Agent has been appointed in accordance with Section 12.9(d), such successor

Agent.

“Swingline Loans” shall have the meaning provided in Section 2.1(c).

“Swingline Maturity Date” shall mean, with respect to any Swingline Loan, the Revolving

Credit Maturity Date.

“Taxes” shall mean any and all present or future taxes, duties, levies, imposts, assessments,

deductions, withholdings (including backup withholding), fees or other similar charges imposed by any

Governmental Authority and any interest, fines, penalties or additions to tax with respect to the foregoing.

“Tax Distributions” shall have the meaning provided in Section 10.5(s).

“Term Benchmark” when used in reference to any Loan or Borrowing, refers to whether such

Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to

Term SOFR.

“Term Loan Commitment” shall mean, with respect to each Lender, such Lender’s Initial Term

Loan Commitment, Amendment No. 1 Incremental Term Loan Commitment and/or Delayed Draw

Term Loan Commitment and, if applicable, New Term Loan Commitment with respect to any Series and,

if applicable, Replacement Facility Commitment with respect to any Series.

“Term Loan Extension Request” shall have the meaning provided in Section 2.14(g)(i).

“Term Loan Increases” shall have the meaning provided in Section 2.14(a).

“Term Loan Lender” shall mean, at any time, any Lender that has a Term Loan Commitment,

Delayed Draw Term Loan Commitment or an outstanding Term Loan at such time.

“Term Loan Maturity Date” shall mean January 2, 2031 or, if such date is not a Business Day,

the immediately preceding Business Day.

“Term Loan Repayment Amount” shall have the meaning provided in Section 2.5(b).

“Term Loans” shall mean the Initial Term Loans, the Delayed Draw Term Loans, any New Term

Loans, any applicable Replacement Facilities, and any Extended Term Loans, collectively.

“Term SOFR” shall mean (a) with respect to any Benchmark Rate Borrowing and for any tenor

comparable to the applicable Interest Period, the Term SOFR Reference Rate published two US

Government Securities Business Days prior to the commencement of the applicable Interest Period (such

date, the “Interest Rate Determination Date”) and (b) with respect to any ABR Borrowing, the Term

SOFR Reference Rate for a tenor of one month published two US Government Securities Business Days

prior to the commencement of the applicable Interest Period.

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“Term SOFR Administrator” shall mean 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” shall mean, for any tenor comparable to the applicable Interest

Period, the rate per annum determined by the Administrative Agent as the forward-looking term rate

based on SOFR; provided, however, that if as of 5:00 p.m. (New York City time) on any Interest Rate

Determination Date 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 the Term SOFR Reference Rate will be the Term SOFR Reference

Rate for such tenor as published by the Term SOFR Administrator on the first preceding US 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 US Government Securities Business Day is not

more than three (3) US Government Securities Business Days prior to such Interest Rate Determination

Date.

“Test Period” shall mean, for any determination under this Agreement, the four consecutive

fiscal quarters of Intermediate Holdings most recently ended on or prior to such date of determination and

for which Section 9.1 Financials shall have been delivered (or were required to be delivered) to the

Administrative Agent, including (except for purposes of determining compliance with Section 10.9), at

the election of Intermediate Holdings, financial statements for the most recent period of four fiscal

quarters which are internally available at the time of determination (so long as such financial statements

are delivered to the Administrative Agent prior to or concurrently with such determination and such

financial statements shall be as of month end, in reasonable detail and delivered together with a

certificate substantially consistent with those required under Section 9.1(d)) (or, before the first delivery

of Section 9.1 Financials, the most recent period of four fiscal quarters at the end of which financial

statements are available).

“Threshold Amount” shall mean the greater of (x) $12,000,000 and (y) 30% of Consolidated

EBITDA for the most recently ended Test Period.

“Title Policy” shall have the meaning provided in Section 9.13(c).

“Total Credit Exposure” shall mean, at any date, the sum, without duplication, of (i) the Total

Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment shall have

terminated on such date, the aggregate Revolving Credit Exposure of all Lenders at such date), (ii) the

Total Term Loan Commitment at such date, and (iii) without duplication of clause (ii), the aggregate

outstanding principal amount of all Term Loans at such date.

“Total Initial Term Loan Commitment” shall mean the sum of the Initial Term Loan

Commitments of all Lenders.

“Total Revolving Credit Commitment” shall mean the sum of the Revolving Credit

Commitments of all the Lenders.

“Total Term Loan Commitment” shall mean the sum of (i) the Initial Term Loan

Commitments, (ii) the Amendment No. 1 Incremental Term Loan Commitments, (iii) the Delayed

Draw Term Loan Commitments and (iiiiv) the New Term Loan Commitments, if applicable, of all the

Lenders.

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“Transaction Expenses” shall mean any fees, costs, or expenses incurred or paid by Holdings,

Intermediate Holdings, the Borrower, or any of their respective Affiliates in connection with the

Transactions, this Agreement, and the other Credit Documents, and the transactions contemplated hereby

and thereby.

“Transactions” shall mean, collectively, the Acquisition, the other transactions contemplated by

this Agreement, the Acquisition Agreement, the Equity Investment, the Existing Debt Facilities

Refinancing and the consummation of any other transactions in connection with the foregoing.

“Transferee” shall have the meaning provided in Section 13.6(e).

“Transformative Transaction” shall mean any transaction of Intermediate Holdings or any

Restricted Subsidiary of a target that is either (a) for consideration in excess of $30,000,000 after giving

Pro Forma Effect to such transaction, (b) not permitted by the terms of this Agreement immediately prior

to the consummation of such transaction or (c) if permitted by the terms of this Agreement immediately

prior to the consummation of such transaction, would not provide Holdings, Intermediate Holdings, the

Borrower and the other Restricted Subsidiaries with adequate flexibility under the Credit Documents for

the continuation and/or expansion of their combined operations following such consummation, as

determined by Intermediate Holdings acting in good faith.

“Type” shall mean as to any Loan, its nature as an ABR Loan or a Benchmark Rate Loan.

“UCP” shall mean, with respect to any Letter of Credit, the Uniform Customs and Practice for

Documentary Credits, International Chamber of Commerce (“ICC”) Publication No. 600 (or such later

version thereof as may be in effect at the time of issuance).

“UK Financial Institutions” shall mean any BRRD Undertaking 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” shall mean the Bank of England or any other public administrative

authority having responsibility for the resolution of any UK Financial Institution.

“Unadjusted Benchmark Replacement” shall mean the applicable Benchmark Replacement

excluding the related Benchmark Replacement Adjustment.

“Undisclosed Administration” shall mean in relation to a Lender or its parent company, the

appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other

similar official by a supervisory authority or regulator under or based on the law in the country where

such Lender or such parent company is subject to home jurisdiction supervision if applicable law

requires that such appointment is not to be publicly disclosed.

“Uniform Commercial Code” shall mean the Uniform Commercial Code or any successor

provision thereof as the same may from time to time be in effect in the State of New York or the

Uniform Commercial Code or any successor provision thereof (or similar code or statute) of another

jurisdiction, to the extent it may be required to apply to any item or items of Collateral.

“Unpaid Drawing” shall have the meaning provided in Section 3.4(a).

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“Unrestricted Subsidiary” shall mean (i) any Subsidiary of Intermediate Holdings which at the

time of determination is an Unrestricted Subsidiary (as designated by the sole member, or similar

governing body, of Intermediate Holdings, as provided below) and (ii) any Subsidiary of an Unrestricted

Subsidiary.

The sole member, or similar governing body, of Intermediate Holdings may designate any

Subsidiary of Intermediate Holdings (including any existing Subsidiary and any newly acquired or newly

formed Subsidiary) other than any Borrower to be an Unrestricted Subsidiary, unless such Subsidiary or

any of its Subsidiaries owns any Material Intellectual Property or directly or indirectly owns any Equity

Interests or Indebtedness of, or owns or holds any Lien on, any property of, Intermediate Holdings or any

Subsidiary of Intermediate Holdings (other than any Subsidiary of the Subsidiary to be so designated or

an Unrestricted Subsidiary); provided that:

(a)at the time of and immediately after giving effect to such designation, no Event

of Default shall have occurred and be continuing; and

(b)the designation of any Subsidiary as an Unrestricted Subsidiary after the Closing

Date shall constitute an Investment subject to Section 10.6 by Intermediate Holdings therein (and

no such designation shall be permitted unless such investment is permitted by Section 10.6) at the

date of designation in an amount equal to the Fair Market Value of the Intermediate Holdings’ or

the Subsidiary’s (as applicable) investment therein.

The sole member, or similar governing body, of Intermediate Holdings may designate any

Unrestricted Subsidiary to be a Restricted Subsidiary; provided that, immediately after giving effect to

such designation, no Event of Default shall have occurred and be continuing; provided, further, that such

designation shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such

Subsidiary existing at such time.

Any such designation by the sole member, or similar governing body, of Intermediate Holdings

shall be notified by Intermediate Holdings to the Administrative Agent by promptly delivering to the

Administrative Agent a copy of the board resolution giving effect to such designation and a certificate of

an Authorized Officer of Intermediate Holdings certifying that such designation complied with the

foregoing provisions.

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

“U.S. Lender” shall have the meaning provided in Section 5.4(e)(ii)(A).

“US Government Securities Business Day” shall mean 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.

“U.S. Special Resolution Regime” shall have the meaning provided in Section 13.25.

“Voting Stock” shall mean, with respect to any Person as of any date, the Capital Stock of such

Person that is at the time entitled to vote in the election of the board of directors or other managing

authority of such Person.

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“Wholly-Owned Restricted Subsidiary” of any Person shall mean a Restricted Subsidiary of

such Person, 100% of the outstanding Capital Stock or other ownership interests of which (other than

directors’ qualifying shares) shall at the time be owned by such Person or by one or more Wholly-Owned

Subsidiaries of such Person.

“Wholly-Owned Subsidiary” of any Person shall mean a Subsidiary of such Person, 100% of

the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying

shares) shall at the time be owned by such Person or by one or more Wholly-Owned Subsidiaries of such

Person.

“Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a complete or

partial withdrawal from such Multiemployer Plan, as such terms are defined in Title IV of ERISA.

“Withholding Agent” shall mean any Credit Party, the Administrative Agent and, in the case of

any U.S. federal withholding Tax, any other applicable withholding agent.

“Write-Down and Conversion Powers” shall mean, (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, United Kingdom, any powers of the

applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the

form of a liability of any UK Financial Institution or any contract or instrument under which that liability

arises, to convert all or part of that liability into shares, securities or obligations of that person or any

other person, to provide that any such contract or instrument is to have effect as if a right had been

exercised under it or to suspend any obligation in respect of that liability or any of the powers under that

Bail-In Legislation that are related to or ancillary to any of those powers.

1.2Other Interpretive Provisions. With reference to this Agreement and each other Credit

Document, unless otherwise specified herein or in such other Credit Document:

(a)The meanings of defined terms are equally applicable to the singular and plural forms of

the defined terms.

(b)The words “herein”, “hereto”, “hereof”, and “hereunder” and words of similar import

when used in any Credit Document shall refer to such Credit Document as a whole and not to any

particular provision thereof.

(c)Section, Exhibit, and Schedule references are to the Credit Document in which such

reference appears.

(d)The term “including” is by way of example and not limitation.

(e)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.

(f)In the computation of periods of time from a specified date to a later specified date, the

word “from” shall mean “from and including”; the words “to” and “until” each mean “to but excluding”;

and the word “through” shall mean “to and including”.

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(g)Section headings herein and in the other Credit Documents are included for convenience

of reference only and shall not affect the interpretation of this Agreement or any other Credit Document.

(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)All references to “knowledge” or “awareness” of any Credit Party or any Restricted

Subsidiary thereof shall mean the actual knowledge of an Authorized Officer of such Credit Party or such

Restricted Subsidiary.

(j)Any reference herein to a merger, transfer, consolidation, amalgamation, consolidation,

assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division or plan of

division of or by a limited liability company under Delaware law (or any comparable event under a

different jurisdiction’s laws), or an allocation of assets to a series of a limited liability company (or the

unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, amalgamation,

consolidation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a

separate Person. Any division of a limited liability company shall constitute a separate Person hereunder

(and each division of any limited liability company that is a Subsidiary, joint venture or any other like

term shall also constitute such a Person or entity) and such separate 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.

1.3Accounting Terms.

(a)Except as expressly provided herein, all accounting terms not specifically or completely

defined herein shall be construed in conformity with, and all financial data (including financial ratios and

other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in

conformity with, GAAP, applied in a consistent manner.

(b)Notwithstanding anything to the contrary herein, for purposes of determining compliance

with any test or covenant contained in this Agreement with respect to any period during which any

Specified Transaction occurs, the Consolidated Total Debt to Consolidated EBITDA Ratio, the

Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio and the Consolidated Senior

Secured Debt to Consolidated EBITDA Ratio shall each be calculated with respect to such period and

such Specified Transaction on a Pro Forma Basis.

(c)Where reference is made to “Intermediate Holdings and the Restricted Subsidiaries on a

consolidated basis” or similar language, such consolidation shall not include any Subsidiaries of

Intermediate Holdings other than Restricted Subsidiaries.

1.4Rounding. Any financial ratios required to be maintained by Intermediate Holdings

pursuant to this Agreement (or required to be satisfied in order for a specific action to be permitted under

this Agreement) shall be calculated by dividing the appropriate component by the other component,

carrying the result to one place more than the number of places by which such ratio is expressed herein

and rounding the result up or down to the nearest number.

1.5References to Agreements, Laws, Etc.  Unless otherwise expressly provided herein,

(a) references to organizational documents, agreements (including the Credit Documents), and other

Contractual Requirements shall be deemed to include all subsequent amendments, restatements,

amendment and restatements, extensions, supplements, modifications, replacements, refinancings,

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renewals, or increases, but only to the extent that such amendments, restatements, amendment and

restatements, extensions, supplements, modifications, replacements, refinancings, renewals, or increases

are not prohibited by any Credit Document; and (b) references to any Requirements of Law shall include

all statutory and regulatory provisions consolidating, amending, replacing, supplementing, or interpreting

such Requirements of Law.

1.6Exchange Rates.  Notwithstanding the foregoing, for purposes of any determination

under Section 2.14, Section 9, Section 10 or Section 11 or any determination under any other provision

of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred,

outstanding, or proposed to be incurred or outstanding in currencies other than Dollars shall be translated

into Dollars at the Spot Rate; provided, however, that for purposes of determining compliance with

Section 2.14 or Section 10 with respect to the amount of any Indebtedness, Investment, Lien, Asset Sale,

or Restricted Payment in a currency other than Dollars, no Default or Event of Default shall be deemed to

have occurred solely as a result of changes in rates of exchange occurring after the time such

Indebtedness, Lien or Investment is incurred or after such Asset Sale or Restricted Payment is made;

provided that, for the avoidance of doubt, the foregoing provisions of this Section 1.6 shall otherwise

apply to such Sections, including with respect to determining whether any Indebtedness, Lien, or

Investment may be incurred or Asset Sale or Restricted Payment made at any time under such Sections.

For purposes of any determination of Consolidated Total Debt, Consolidated Senior Secured Debt or

Consolidated First Lien Secured Debt, amounts in currencies other than Dollars shall be translated into

Dollars at the currency exchange rates used in preparing the most recently delivered Section 9.1

Financials.

1.7Rates. The Administrative Agent does not warrant, nor accept responsibility, nor shall

the Administrative Agent have any liability with respect to the administration, submission, or any other

matter related to the rates in the definition of Benchmark Rate or with respect to any comparable or

successor rate thereto.

1.8Times of Day. Unless otherwise specified, all references herein to times of day shall be

references to Eastern time (daylight or standard, as applicable).

1.9Timing of Payment or Performance. Except as otherwise provided herein, when the

payment of any obligation or the performance of any covenant, duty, or obligation is stated to be due or

performance required on (or before) a day which is not a Business Day, the date of such payment (other

than as described in the definition of “Interest Period”) or performance shall extend to the immediately

succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as

the case may be.

1.10Certifications. All certifications to be made hereunder by an officer or representative of a

Credit Party shall be made by such a Person in his or her capacity solely as an officer or a representative

of such Credit Party, on such Credit Party’s behalf and not in such Person’s individual capacity.

1.11Compliance with Certain Sections. In the event that any Lien, Investment, Indebtedness

(whether at the time of incurrence or upon application of all or a portion of the proceeds thereof),

disposition, Restricted Payment, Affiliate transaction, Contractual Requirement, or prepayment of

Indebtedness meets the criteria of one or more than one of the categories of transactions then permitted

pursuant to any clause or subsection of Sections 10.1, 10.2, 10.3, 10.4, 10.5, 10.6 (other than Section

10.6(z)(ii)), 10.7 or 10.14, then such transaction (or portion thereof) at any time shall be allocated to one

or more of such clauses or subsections within the relevant sections as determined by Intermediate

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Holdings in its sole discretion at such time. In addition, Intermediate Holdings shall be permitted to later

(on one or more occasions) re-divide and/or reclassify any such transactions as occurring under one or

more of the clauses within the relevant sections as determined by Intermediate Holdings in its sole

discretion at such time, including to reclassify utilization of any Fixed Amounts as incurred under any

Incurrence Based Amounts, including any financial incurrence tests; provided, that if any financial

incurrence tests would be satisfied in any subsequent fiscal quarter following the utilization of any Fixed

Amounts or other Incurrence Based Amounts, such reclassifications shall be deemed to have

automatically occurred if not elected by Intermediate Holdings.

1.12Pro Forma and Other Calculations.

(a)For purposes of calculating the Consolidated First Lien Secured Debt to Consolidated

EBITDA Ratio, Consolidated Senior Secured Debt to Consolidated EBITDA Ratio, Consolidated Total

Debt to Consolidated EBITDA Ratio, Investments, acquisitions, dispositions, mergers, consolidations,

and disposed operations (as determined in accordance with GAAP) that have been made by Intermediate

Holdings or any Restricted Subsidiary during the Test Period or subsequent to such Test Period and on or

prior to or simultaneously with the date of determination shall be calculated on a Pro Forma Basis

assuming that all such Investments, acquisitions, dispositions, mergers, consolidations, and disposed

operations (and the change in any associated fixed charge obligations and the change in Consolidated

EBITDA resulting therefrom) had occurred on the first day of the Test Period; provided that when

calculating the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio for purposes of the

definition of “Applicable Margin” or, except as expressly set forth therein, Section 5.2(a)(ii) and the

Consolidated Total Debt to Consolidated EBITDA Ratio for purposes of determining actual compliance

with Section 10.9 (and not pro forma compliance, compliance on a Pro Forma Basis or determining

compliance giving Pro Forma Effect to a transaction), any such transactions occurring subsequent to the

end of the applicable Test Period shall not be given pro forma effect. If, since the beginning of such

period, any Person (that subsequently became a Restricted Subsidiary or was merged with or into

Intermediate Holdings or any Restricted Subsidiary since the beginning of such period) shall have made

any Investment, acquisition, disposition, merger, consolidation, or disposed operation that would have

required adjustment pursuant to this definition, then the Consolidated First Lien Secured Debt to

Consolidated EBITDA Ratio, Consolidated Senior Secured Debt to Consolidated EBITDA Ratio, and

Consolidated Total Debt to Consolidated EBITDA Ratio shall be calculated giving Pro Forma Effect

thereto for such Test Period as if such Investment, acquisition, disposition, merger, consolidation, or

disposed operation had occurred at the beginning of the Test Period. Notwithstanding anything to the

contrary herein, with respect to any amounts incurred or transactions entered into (or consummated) in

reliance on a provision of this Agreement that does not require compliance with a financial ratio or test

(including, without limitation, the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio,

the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio and Consolidated Total Debt to

Consolidated EBITDA Ratio) (any such amounts, the “Fixed Amounts”) substantially concurrently with

any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this

Agreement that requires compliance with any such financial ratio or test (any such amounts, the

“Incurrence Based Amounts”), it is understood and agreed that the Fixed Amounts (and any cash

proceeds thereof) shall be disregarded in the calculation of the financial ratio or test applicable to the

Incurrence Based Amounts in connection with such substantially concurrent incurrence. For the

avoidance of doubt, for purposes of calculating any Consolidated First Lien Secured Debt to

Consolidated EBITDA Ratio, Consolidated Senior Secured Debt to Consolidated EBITDA Ratio, or

Consolidated Total Debt to Consolidated EBITDA Ratio required to be satisfied as a condition to the

incurrence of any Indebtedness, the proceeds of any Indebtedness being incurred in reliance on such ratio

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shall not be netted (but Intermediate Holdings may give Pro Forma Effect to, among other things, the

repayment of any Indebtedness to be repaid with such proceeds).

(b)Whenever Pro Forma Effect is to be given to a transaction, the pro forma calculations

shall be made in good faith by a responsible financial or accounting officer of Intermediate Holdings (and

may include, for the avoidance of doubt and without duplication, cost savings, operating expense

reductions, operating enhancements and other cost synergies (in each case net of amounts actually

realized and costs incurred to achieve the same) resulting from such Investment, acquisition, merger, or

consolidation which is being given Pro Forma Effect; provided that such costs savings, operating expense

reductions, operating enhancements and other synergies (in each case net of amounts actually realized

and costs incurred to achieve the same) are made in compliance with the definition of Pro Forma

Adjustment). If any Indebtedness bears a floating rate of interest and is being given Pro Forma Effect,

the interest on such Indebtedness shall be calculated as if the rate in effect on the date of determination

had been the applicable rate for the entire period (taking into account for such entire period, any Hedging

Obligation applicable to such Indebtedness with a remaining term of 12 months or longer, and in the case

of any Hedging Obligation applicable to such Indebtedness with a remaining term of less than 12 months,

taking into account such Hedging Obligation to the extent of its remaining term). Interest on a

Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a

responsible financial or accounting officer of Intermediate Holdings to be the rate of interest implicit in

such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the computation

referred to above, interest on any Indebtedness under a revolving credit facility computed on a Pro Forma

Basis shall be computed based upon the average daily balance of such Indebtedness during the applicable

period (or, if lower, the greater of (i) maximum commitments under such revolving credit facilities as of

the date of determination and (ii) the aggregate principal amount of loans outstanding under such

revolving credit facilities on such date). Interest on Indebtedness that may optionally be determined at an

interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate, or other

rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such

optional rate chosen as Intermediate Holdings may designate. For the avoidance of doubt, in connection

with the incurrence of any Indebtedness under Section 2.14, the definition of Required Lenders shall be

calculated on a Pro Forma Basis in accordance with this Section 1.12, Section 2.14 and the definition of

Maximum Incremental Facilities Amount.

(c)In connection with any action being taken solely in connection with a Limited Condition

Transaction, for purposes of:

(i)determining compliance with any provision of this Agreement which requires the

calculation of the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, Consolidated

Senior Secured Debt to Consolidated EBITDA Ratio or Consolidated Total Debt to Consolidated

EBITDA Ratio;

(ii)determining the accuracy of representations and warranties in Section 8 and/or

whether a Default or Event of Default shall have occurred and be continuing under Section 11; or

(iii)testing availability under baskets set forth in this Agreement (including baskets

measured as a percentage of Consolidated EBITDA or Consolidated Total Assets);

in each case, at the option of Intermediate Holdings (Intermediate Holdings’ election to exercise such

option in connection with any Limited Condition Transaction, an “LCT Election”), the date of

determination of whether any such action is permitted hereunder, shall be deemed to be the date the

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definitive agreements for such Limited Condition Transaction are entered into (or, in respect of any

transaction described in clause (ii) of the definition of a Limited Condition Transaction, delivery of

irrevocable notice or similar event) (the “LCT Test Date”), and if, after giving Pro Forma Effect to the

Limited Condition Transaction and the other transactions to be entered into in connection therewith (to

the extent reasonably necessary to consummate such Investment, acquisition, merger, consolidation or

similar transaction or repayment, repurchase or refinancing of Indebtedness) (including any incurrence of

Indebtedness and the use of proceeds thereof and any Disposition of assets contemplated in connection

therewith) as if they had occurred at the beginning of the most recent Test Period ending prior to the LCT

Test Date, Intermediate Holdings could have taken such action on the relevant LCT Test Date in

compliance with such ratio or basket, such ratio or basket shall be deemed to have been complied with;

provided, that, no Event of Default under Section 11.1 or 11.5 shall exist at the time of consummation of

such Limited Condition Transaction. For the avoidance of doubt, if Intermediate Holdings has made an

LCT Election and any of the ratios or baskets for which compliance was determined or tested as of the

LCT Test Date are exceeded as a result of fluctuations in any such ratio or basket, including due to

fluctuations in Consolidated EBITDA of Intermediate Holdings or the Person subject to such Limited

Condition Transaction, at or prior to the consummation of the relevant transaction or action, such baskets

or ratios will not be deemed to have been exceeded as a result of such fluctuations. If Intermediate

Holdings has made an LCT Election for any Limited Condition Transaction, then in connection with any

subsequent calculation of any ratio or basket availability with respect to the incurrence of Indebtedness

or Liens, or the making of Restricted Payments, mergers, the conveyance, lease or other transfer of all or

substantially all of the assets of Intermediate Holdings, the prepayment, redemption, purchase,

defeasance or other satisfaction of Indebtedness, or the designation of an Unrestricted Subsidiary on or

following the relevant LCT Test Date and prior to the earlier of (i) the date on which such Limited

Condition Transaction is consummated or (ii) the date that the definitive agreement for such Limited

Condition Transaction is entered into without consummation of such Limited Condition Transaction, any

such ratio or basket shall be calculated on a Pro Forma Basis (x) in all cases, assuming such Limited

Condition Transaction and other transactions in connection therewith (including any incurrence of

Indebtedness and the use of proceeds thereof) have been consummated and (y) solely in connection with

any proposed Restricted Payment or prepayment of Junior Debt, assuming such Limited Condition

Transaction and other Pro Forma events in connection therewith (including any incurrence of

Indebtedness and Liens) have not been consummated.

(d)Notwithstanding anything to the contrary in this Section 1.12 or in any classification

under GAAP of any Person, business, assets or operations in respect of which a definitive agreement for

the disposition thereof has been entered into as discontinued operations, no Pro Forma Effect shall be

given to any discontinued operations (and the Consolidated EBITDA attributable to any such Person,

business, assets or operations shall not be excluded for any purposes hereunder) until such disposition

shall have been consummated.

(e)Any determination of Consolidated Total Assets shall be made by reference to the last

day of the Test Period most recently ended on or prior to the relevant date of determination.

(f)Except as otherwise specifically provided herein, all computations of Excess Cash Flow,

Consolidated Total Assets, Available Amount, Consolidated First Lien Secured Debt to Consolidated

EBITDA Ratio, Consolidated Senior Secured Debt to Consolidated EBITDA Ratio, Consolidated Total

Debt to Consolidated EBITDA Ratio and other financial ratios and financial calculations (and all

definitions (including accounting terms) used in determining any of the foregoing) and all computations

and all definitions (including accounting terms) used in determining compliance with Section 10.9 shall

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be calculated, in each case, with respect to Intermediate Holdings and the Restricted Subsidiaries on a

consolidated basis and (ii) shall exclude the application of ASC 606.

(g)All leases of any Person that are or would have been characterized as operating leases in

accordance with GAAP immediately prior to December 15, 2018 (whether or not such leases were in

effect on such date) shall be accounted for as operating leases (and not as Capital Leases) for purposes of

this Agreement regardless of any change in GAAP following December 15, 2018 that would otherwise

require such leases to be recharacterized as Capital Leases, to the extent that financial reporting shall not

be affected hereby; provided, however, that, solely for the purposes of determining whether a lease

constitutes Indebtedness for the purposes of Section 10.1(d), any obligations relating to a lease that was

accounted for by Intermediate Holdings and/or its Subsidiaries as an operating lease as of December 15,

2018 and any similar lease assumed or entered into after December 15, 2018 shall be accounted for as an

operating lease and not a Capitalized Lease Obligation for all purposes thereunder; provided, further, that

notwithstanding any other provision contained herein, any lease that is or would be characterized as an

operating lease for purposes of GAAP prior to the issuance of FASB ASU No. 2016-02 shall continue to

be accounted for as an operating lease for purposes of this Agreement (whether or not such operating

lease was in effect on such date) notwithstanding the fact that such lease is required in accordance with

the ASU (on a prospective or retroactive basis or otherwise) to be treated as a Capitalized Lease in the

financial statements to be delivered pursuant to Section 9.1. All Capital Leases that were assumed by

Intermediate Holdings or a Restricted Subsidiary in connection with any Permitted Acquisition or were

in existence at the time any Person became a Restricted Subsidiary as a result of a Permitted Acquisition

(and not, in each case, incurred or created in contemplation of such Permitted Acquisition) shall be

treated as operating leases for the purpose of calculating Consolidated EBITDA, the Consolidated First

Lien Secured Debt to Consolidated EBITDA Ratio, the Consolidated Senior Secured Debt to

Consolidated EBITDA Ratio, the Consolidated Total Debt to Consolidated EBITDA Ratio or any other

financial definition or ratio in any Credit Document and, in the case of any Indebtedness or Liens initially

incurred in reliance on an amount calculated based on a percentage of Consolidated EBITDA, such

Indebtedness or Liens may be refinanced in a manner that is otherwise in accordance with the provisions

of this Agreement in an amount not in excess of the original principal amount therefor (without giving

effect to any fees, premiums, original issue discount or similar amounts, but giving effect to any

capitalized interest or other amounts that increase such principal), notwithstanding that Consolidated

EBITDA may no longer permit the initial incurrence of such amount at such time.

1.13Form Intercreditor Agreement. Notwithstanding anything to the contrary herein, an

Acceptable Intercreditor Agreement shall be deemed to be reasonable and acceptable to the

Administrative Agent and the Lenders, and the Administrative Agent and the Lenders shall be deemed to

have consented to the use of each such intercreditor agreement (and to the Administrative Agent’s

execution thereof) in connection with any Indebtedness permitted to be incurred, issued and/or assumed

by Intermediate Holdings or any of its Subsidiaries pursuant to Section 10.1.

1.14Making or Maintaining Benchmark Rate Loans.

(a)Inability to Determine Applicable Interest Rate. Subject to clauses (b), (c), (d), (e) and

(f) of this Section 1.14, if:

(1)the Administrative Agent determines (which determination shall

be conclusive absent manifest error) prior to the commencement of any Interest Period for a Term

Benchmark Borrowing, that adequate and reasonable means do not exist for ascertaining Term SOFR

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(including because the Term SOFR Reference Rate is not available or published on a current basis), for

such Interest Period; or

(2)the Administrative Agent is advised by the Required Lenders

that prior to the commencement of any Interest Period for a Term Benchmark Borrowing, the Adjusted

Term SOFR Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders

(or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such

Interest Period;

then the Administrative Agent will promptly so notify the Borrower and each Lender. Upon notice

thereof by the Administrative Agent to the Borrower, any obligation of the Lenders to make Benchmark

Rate Loans, and any right of the Borrower to continue Benchmark Rate Loans or to convert ABR Loans

to Benchmark Rate Loans, shall be suspended (to the extent of the affected Benchmark Rate Loans or

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, (i) the Borrower may revoke

any pending request for a borrowing of, conversion to or continuation of Benchmark Rate Loans (to the

extent of the affected Benchmark Rate Loans or 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

ABR Loans in the amount specified therein and (ii) any outstanding affected Benchmark Rate Loans will

be deemed to have been converted into ABR Loans at the end of the applicable Interest Period. Upon any

such conversion, the Borrower shall also pay accrued interest on the amount so converted, together with

any additional amounts required pursuant to Section 2.11. Subject to this Section 1.14, if the

Administrative Agent determines (which determination shall be conclusive and binding absent manifest

error) that Term SOFR cannot be determined pursuant to the definition thereof on any given day, the

interest rate on ABR Loans shall be determined by the Administrative Agent without reference to clause

(iii) of the definition of “ABR” until the Administrative Agent revokes such determination.

(b)Notwithstanding anything to the contrary herein or in any other Credit Document, if a

Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior any

setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance

with clause (1) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date,

such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any

Credit Document in respect of such Benchmark setting and subsequent Benchmark settings without any

amendment to, or further action or consent of any other party to, this Agreement or any other Credit

Document and (y) if a Benchmark Replacement is determined in accordance with clause (2) of the

definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark

Replacement will replace such Benchmark for all purposes hereunder and under any Credit Document in

respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business

Day after the date notice of such Benchmark Replacement is provided to the Lenders without any

amendment to, or further action or consent of any other party to, this Agreement or any other Credit

Document so long as the Administrative Agent has not received, by such time, written notice of objection

to such Benchmark Replacement from Lenders comprising the Required Lenders. If the Benchmark

Replacement is Adjusted Daily Simple SOFR, all interest payments will be payable on a monthly basis.

(c)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 Credit 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 Credit Document.

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(d)The Administrative Agent will promptly notify the Borrower and the Lenders of (i) the

implementation of any Benchmark Replacement and (ii) the effectiveness of any Conforming Changes in

connection with the use, administration, adoption or implementation of a Benchmark Replacement. The

Administrative Agent will notify the Borrower of (x) the removal or reinstatement of any tenor of a

Benchmark pursuant to Section 1.14 and (y) the commencement of any Benchmark Unavailability

Period. Any determination, decision or election that may be made by the Administrative Agent or, if

applicable, any Lender (or group of Lenders) pursuant to this Section 1.14, including any determination

with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event,

circumstance or date and any decision to take or refrain from taking any action or any selection, will be

conclusive and binding absent manifest error and may be made in its or their sole discretion and without

consent from any other party to this Agreement or any other Credit Document, except, in each case, as

expressly required pursuant to this Section 1.14.

(e)Unavailability of Tenor of Benchmark. Notwithstanding anything to the contrary herein

or in any other Credit Document, at any time (including in connection with the implementation of a

Benchmark Replacement), (i) if the then-current Benchmark Rate is a term rate (including Term SOFR)

and either (A) any tenor for such Benchmark Rate 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 consultation

with the Borrower and in its reasonable discretion or (B) the Term SOFR Administrator or the regulatory

supervisor for the administrator of such Benchmark Rate has provided a public statement or publication

of information announcing that any tenor for such Benchmark Rate is not or will not be representative or

in compliance with or aligned with the International Organization of Securities Commissions (IOSCO)

Principles for Financial Benchmarks, then the Administrative Agent may modify the definition of

“Interest Period” (or any similar or analogous definition) for any Benchmark Rate settings at or

after such time to remove such unavailable, non-representative, non-compliant or non-aligned tenor

and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a

screen or information service for a Benchmark Rate (including a Benchmark Replacement) or (B) is not,

or is no longer, subject to an announcement that it is not or will not be representative or in compliance

with or aligned with the International Organization of Securities Commissions (IOSCO) Principles for

Financial Benchmarks for a Benchmark Rate (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.

(f)Upon the Borrower’s receipt of notice of the commencement of a Benchmark

Unavailability Period, the Borrower may revoke any pending request for a Benchmark Rate Borrowing

of, conversion to or continuation of Benchmark Rate Loans to be made, converted or continued during

any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted

any such request into a request for a Borrowing of or conversion to ABR Loans. During a Benchmark

Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available

Tenor, the component of ABR based upon the then-current Benchmark Rate or such tenor for such

Benchmark Rate, as applicable, will not be used in any determination of ABR.

(g)Reserves on Benchmark Rate Loans. The Borrower shall pay to each Lender, as long as

such Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with

respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known

as “Eurocurrency liabilities”), additional costs on the unpaid principal amount of each Benchmark Rate

Loan equal to actual costs of such reserves allocated to such Loan by such Lender (as determined by such

Lender in good faith, which determination shall be conclusive absent demonstrable error), payable on

each date on which interest is payable on such Loan provided the Borrower shall have received at least

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fifteen (15) days’ prior written notice (with a copy to the Administrative Agent) of such additional

interest from the Lender. If a Lender fails to give notice fifteen (15) days prior to the relevant Interest

Payment Date, such additional interest shall be payable fifteen (15) days from receipt of such notice.

Section 2.Amount and Terms of Credit.

2.1Commitments.

(a)Subject to and upon the terms and conditions herein set forth, (i) each Lender having an

Initial Term Loan Commitment severally agrees to make a loan or loans denominated in Dollars (each, an

“Initial Term Loan”) to the Borrower on the Closing Date, which Initial Term Loans shallin an

amount that does not exceed (A) for any such Lender, the Initial Term Loan Commitment of such

Lender as of the Closing Date and (B) $200,000,000 in the aggregate shall not exceed $200,000,000,

and (ii) each Lender, (ii) each Amendment No. 1 Incremental Term Loan Lender severally agrees

to make a loan or loans denominated in Dollars (each, an “Amendment No. 1 Incremental Term

Loan”) to the Borrower, in an amount that does not exceed (A) for any such Lender, the

Amendment No. 1 Term Loan Commitment of such Lender as of the Amendment No. 1 Effective

Date and (B) the Amendment No. 1 Term Loan Commitment in the aggregate, and (iii) each

Lender having a Delayed Draw Term Loan Commitment severally agrees to make a loan or loans

denominated in Dollars (each, a “Delayed Draw Term Loan”) to the Borrower from time to time during

the Delayed Draw Term Loan Availability Period in Dollars (such date, a “Delayed Draw Term Loan

Funding Date”), which Delayed Draw Term Loans shall not exceed for any such Lender the Delayed

Draw Term Loan Commitment of such Lender and in the aggregate shall not exceed $75,000,000. All

Delayed Draw Term Loans, from and after the date of funding thereof shall, unless otherwise elected by

the Borrower, be their own Class or may become part of and be deemed to be of the same Class as the

Initial Term Loan or any other Class of existing Term Loans. Term Loans (i) may at the option of the

Borrower be incurred and maintained as, and/or converted into, ABR Loans or Benchmark Rate Loans;

provided that all Term Loans made by each of the Lenders pursuant to the same Borrowing shall, unless

otherwise specifically provided herein, consist entirely of Term Loans of the same Type, (ii) may be

repaid or prepaid (without premium or penalty other than as set forth in Section 5.1(b)) in accordance

with the provisions hereof, but once repaid or prepaid, may not be reborrowed, (iii) shall not exceed for

any such Lender the Initial Term Loan Commitment of such Lender, (iv) shall not exceed for any such

Lender the Amendment No. 1 Incremental Term Loan Commitment of such Lender, (v) shall not

exceed for any such Lender the Delayed Draw Term Loan Commitment of such Lender and (vvi) shall

not exceed in the aggregate the Total Initial Term Loan Commitment. On the Term Loan Maturity Date,

all then unpaid Initial Term Loans, Amendment No. 1 Incremental Term Loans and Delayed Draw

Term Loans shall be repaid in full in Dollars.

Subject to and upon the terms and conditions herein set forth, each Revolving Credit Lender

severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower from its

applicable lending office (each, including any refinancing thereof, a “Revolving Credit Loan”) in an

aggregate principal amount not to exceed at any time outstanding the amount of such Revolving Credit

Lender’s Revolving Credit Commitment, provided that such Revolving Credit Loans (A) shall be made at

any time and from time to time on (subject to the proviso at the end of this Section 2.1(b)) and after the

Closing Date and prior to the Revolving Credit Maturity Date, (B) may, at the option of the Borrower be

incurred and maintained as, and/or converted into, ABR Loans or Benchmark Rate Loans that are

Revolving Credit Loans; provided that all Revolving Credit Loans made by each of the Lenders pursuant

to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving

Credit Loans of the same Type, (C) may be repaid (without premium or penalty) and reborrowed in

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accordance with the provisions hereof, (D) shall not, for any Lender at any time, after giving effect

thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s

Revolving Credit Exposure in respect of any Class of Revolving Loans at such time exceeding such

Revolving Credit Lender’s Revolving Credit Commitment in respect of such Class of Revolving Loan at

such time and (E) shall not, after giving effect thereto and to the application of the proceeds thereof,

result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures

at such time exceeding the Total Revolving Credit Commitment then in effect or the aggregate amount of

the Revolving Credit Lenders’ Revolving Credit Exposures of any Class of Revolving Loans at such time

exceeding the aggregate Revolving Credit Commitment with respect to such Class. The Revolving Credit

Loan (exclusive of Letter of Credit usage) will be made available on the Closing Date to finance (i) the

Transactions, purchase price adjustments, Transaction Expenses and general corporate purposes in an

amount not to exceed $5,000,000 in the aggregate and (ii) working capital needs (including, without

limitation, to pay for working capital adjustments under the Acquisition Agreement).

Subject to and upon the terms and conditions herein set forth, the Swingline Lender, in its

individual capacity, agrees, at any time and from time to time on and after the Closing Date and prior to

the Swingline Maturity Date, to make a loan or loans denominated in Dollars (each, a “Swingline Loan”

and, collectively the “Swingline Loans”) to the Borrower, which Swingline Loans (i) shall be ABR

Loans, (ii) shall have the benefit of the provisions of this Section 2.1(c), (iii) shall not exceed at any time

outstanding the Swingline Commitment, (iv) shall not, after giving effect thereto and to the application of

the proceeds thereof, result at any time in (1) the aggregate principal amount of all Revolving Credit

Loans and Swingline Loans held by the Swingline Lender (and if the Swingline Lender is not also a

Revolving Credit Lender, by each of its Affiliates that is a Revolving Credit Lender) would exceed the

Revolving Credit Commitment of such Swingline Lender (and such Affiliates, if any) or (2) the aggregate

amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total

Revolving Credit Commitments at such time and (v) may be repaid and reborrowed in accordance with

the provisions hereof. So long as any Lender is a Defaulting Lender, the Swingline Lender may require,

in its sole discretion, as a condition precedent to the issuance, amendment or increase of any Swingline

Loan, that the Borrower Cash Collateralize such Swingline Loan in an amount equal to the Swingline

Lender’s Fronting Exposure immediately prior to, or simultaneously with, the issuance, amendment or

increase of such Swingline Loan. On the Swingline Maturity Date, all Swingline Loans shall be repaid in

full. The Swingline Lender shall not make any Swingline Loan after receiving a written notice from

Holdings, Intermediate Holdings, the Borrower, the Administrative Agent or the Required Lenders

stating that one or more applicable conditions contained in Section 7 shall not be satisfied to the extent

required thereby until such time as the Swingline Lender shall have received written notice of

(x) rescission of all such notices from the party or parties originally delivering such notice or (y) the

waiver of such Default or Event of Default or other conditions in accordance with the provisions of

Section 13.1.

(b)On any Business Day, the Swingline Lender may, in its sole discretion, give notice to

each Revolving Credit Lender that all then-outstanding Swingline Loans shall be funded with a

Borrowing of Revolving Credit Loans (provided that, if no such notice is given by the Swingline Lender

within seven days of making any Swingline Loan, notice to each Revolving Credit Lender shall be

deemed to be provided by the Swingline Lender in accordance with this Section 2.1(d), in which case

(i) Revolving Credit Loans constituting ABR Loans shall be made on the immediately succeeding

Business Day (each such Borrowing, a “Mandatory Borrowing”) by each Revolving Credit Lender pro

rata based on each Revolving Credit Lender’s Revolving Credit Commitment Percentage, and the

proceeds thereof shall be applied directly to the Swingline Lender to repay the Swingline Lender for such

outstanding Swingline Loans. Each Revolving Credit Lender hereby irrevocably agrees to make such

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Revolving Credit Loans upon one Business Day’s notice pursuant to each Mandatory Borrowing in the

amount and in the manner specified in the preceding sentence and on the date specified to it in writing by

the Swingline Lender notwithstanding (i) that the amount of the Mandatory Borrowing may not comply

with the minimum amount for each Borrowing specified in Section 2.2, (ii) whether any conditions

specified in Section 7 are then satisfied, (iii) whether a Default or an Event of Default has occurred and is

continuing, (iv) the date of such Mandatory Borrowing, or (v) any reduction in the Total Revolving

Credit Commitment after any such Swingline Loans were made. In the event that, in the sole judgment

of the Swingline Lender, any Mandatory Borrowing cannot for any reason be made on the date otherwise

required above (including as a result of the commencement of a proceeding under the Bankruptcy Code

in respect of the Borrower), each Revolving Credit Lender hereby agrees that it shall forthwith purchase

from the Swingline Lender (without recourse or warranty) such participation of the outstanding

Swingline Loans as shall be necessary to cause the Lenders to share in such Swingline Loans ratably

based upon their respective Revolving Credit Commitment Percentages; provided that all principal and

interest payable on such Swingline Loans shall be for the account of the Swingline Lender until the date

the respective participation is purchased and, to the extent attributable to the purchased participation,

shall be payable to such Lender purchasing same from and after such date of purchase.

(c)If any Revolving Credit Lender fails to make available to the Administrative Agent for

the account of the Swingline Lender any amount required to be paid by such Lender pursuant to the

Section 2.1(d) by the date specified for such payment, the Swingline Lender shall be entitled to recover

from such Lender (acting through the Administrative Agent), on demand, such amount with interest

thereon for the period from the date such payment is required to the date on which such payment is

immediately available to the Swingline Lender at a rate per annum equal to the greater of the Federal

Funds Effective Rate and a rate determined by the Swingline Lender in accordance with banking industry

rules on interbank compensation, plus any administrative, processing or similar fees customarily charged

by the Swingline Lender in connection with the foregoing. If such Lender pays such amount (with

interest and fees as aforesaid), the amount so paid shall constitute such Lender’s committed Loan

included in the relevant committed Borrowing or funded participation in the relevant Swingline Loan, as

the case may be. A certificate of the Swingline Lender submitted to any Lender (through the

Administrative Agent) with respect to any amounts owing under this clause (e) shall be conclusive absent

manifest error.

(d)If the maturity date shall have occurred in respect of any tranche of Revolving Credit

Commitments (the “Expiring Credit Commitment”) at a time when another tranche or tranches of

Revolving Credit Commitments is or are in effect with a longer maturity date (collectively, the

“Non-Expiring Credit Commitments”), then with respect to each outstanding Swingline Loan, if

consented to by the Swingline Lender (such consent not to be unreasonably withheld, conditioned or

delayed), on the earliest occurring maturity date such Swingline Loan shall be deemed reallocated to the

tranche or tranches of the Non-Expiring Credit Commitments on a pro rata basis; provided that (x) to the

extent that the amount of such reallocation would cause the aggregate credit exposure to exceed the

aggregate amount of such Non-Expiring Credit Commitments, immediately prior to such reallocation the

amount of Swingline Loans to be reallocated equal to such excess shall be repaid or Cash Collateralized

and (y) notwithstanding the foregoing, if a Default or Event of Default has occurred and is continuing,

the Borrower shall still be obligated to pay Swingline Loans allocated to the Revolving Credit Lenders

holding the Expiring Credit Commitments at the maturity date of the Expiring Credit Commitment or if

the Loans have been accelerated prior to the maturity date of the Expiring Credit Commitment. Upon the

maturity date of any tranche of Revolving Credit Commitments, the sublimit for Swingline Loans may be

reduced as agreed between the Swingline Lender and the Borrower, without the consent of any other

Person.

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2.2Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The

aggregate principal amount of each Borrowing of (i) Term Loans shall be in a minimum amount of at

least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess

thereof, (ii) Revolving Loans shall be in a minimum amount of at least the Minimum Borrowing Amount

for such Type of Loans and in a multiple of $100,000 in excess thereof and (iii) Swingline Loans shall be

in a minimum amount of $50,000 and in a multiple of $100,000 in excess thereof (except that Mandatory

Borrowings shall be made in the amounts required by Section 2.1(d) and Revolving Credit Loans to

reimburse such Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts

required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be incurred on any

date; provided that at no time shall there be outstanding more than five Borrowings of Benchmark Rate

Loans that are Term Loans and five Borrowings of Benchmark Rate Loans that are Revolving Loans;

provided, further, that for each additional Class of Term Loans, an additional two Interest Periods, and

for each additional Class of Revolving Loans, an additional three Interest Periods, for a maximum of

fifteen Interest Periods.

2.3Notice of Borrowing.

(a)The Borrower shall give the Administrative Agent at the Administrative Agent’s Office

(i) in the case of a Borrowing of ABR Loans (other than Delayed Draw Term Loans), prior to 12:00 p.m.

(New York City time) at least one Business Days’ prior to the requested funding date, (ii) in the case of a

Borrowing of Benchmark Rate Loans (other than Delayed Draw Term Loans), prior to 12:00 p.m. (New

York City time) at least three Business Days’ prior to the requested funding date (or, the case of a

Borrowing of Initial Term Loans to be made on the Closing Date, one Business Day) and (iii) in the case

of a Borrowing of Delayed Draw Term Loans, (A) in the case of a Borrowing of Benchmark Rate Loans,

prior to 11:00 a.m. (New York City time) at least three Business Days prior to the requested funding date

and (B) in the case of a Borrowing of ABR Loans, prior to 11:00 a.m. (New York City time) at least one

Business Days prior to the requested funding date. Such notice (a “Notice of Borrowing”) shall specify

(A) the aggregate principal amount of the Term Loans to be made, (B) the date of the Borrowing (which,

in the case of a Borrowing of Initial Term Loans, shall be the Closing Date) and (C) whether the Term

Loans shall consist of ABR Loans and/or Benchmark Rate Loans and, if the Term Loans are to include

Benchmark Rate Loans, the Interest Period to be initially applicable thereto. If no election as to the Type

of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing.

If no Interest Period with respect to any Borrowing of Benchmark Rate Loans is specified in any such

notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

The Administrative Agent shall promptly advise the applicable Lenders of any notice given pursuant to

this Section 2.3(a) (and the contents thereof), and of each Lender’s pro rata share of the requested

Borrowing.

(b)Whenever the Borrower desires to incur Revolving Credit Loans (other than borrowings

to repay Unpaid Drawings), then the Borrower shall give the Administrative Agent at the Administrative

Agent’s Office, (i) prior to 11:00 a.m. (New York City time) at least three Business Days’ prior written

notice of each Borrowing of Benchmark Rate Loans that are Revolving Credit Loans and (ii) prior to

11:00 a.m. (New York City time) at least one Business Days’ prior written notice of each Borrowing of

ABR Loans that are Revolving Credit Loans. Each such Notice of Borrowing, except as otherwise

expressly provided in Section 2.10, shall specify (A) the aggregate principal amount of the Revolving

Credit Loans to be made pursuant to such Borrowing, (B) the date of Borrowing (which shall be a

Business Day) and (C) whether the respective Borrowing shall consist of ABR Loans or Benchmark Rate

Loans that are Revolving Credit Loans and, if Benchmark Rate Loans that are Revolving Credit Loans,

the Interest Period to be initially applicable thereto. The Administrative Agent shall promptly give each

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Revolving Credit Lender written notice of each proposed Borrowing of Revolving Credit Loans, of such

Lender’s Revolving Credit Commitment Percentage thereof, of the identity of the Borrower and of the

other matters covered by the related Notice of Borrowing.

(c)Whenever the Borrower desires to incur Swingline Loans hereunder, the Borrower shall

give the Swingline Lender written notice in the form of Exhibit K with a copy to the Administrative

Agent of each Borrowing of Swingline Loans prior to 12:00 p.m. (New York City time) on the date of

such Borrowing. Each such notice shall specify (x) the aggregate principal amount of the Swingline

Loans to be made pursuant to such Borrowing and (y) the date of Borrowing (which shall be a Business

Day).

(d)Mandatory Borrowings shall be made upon the notice specified in Section 2.1(d), with

the Borrower irrevocably agreeing, by its incurrence of any Swingline Loan, to the making of Mandatory

Borrowings as set forth in such Section.

(e)Borrowings to reimburse Unpaid Drawings shall be made upon the notice specified in

Section 3.4(a).

(f)Without in any way limiting the obligation of the Borrower to confirm in writing any

notice it shall give hereunder by telephone (which obligation is absolute), the Administrative Agent may

act prior to receipt of written confirmation without liability upon the basis of such telephonic notice

believed by the Administrative Agent in good faith to be from an Authorized Officer of the Borrower.

2.4Disbursement of Funds.

(a)No later than 2:00 p.m. (New York City time) on the date specified in each Notice of

Borrowing (including Mandatory Borrowings but not any Borrowing of Swingline Loans), each Lender

shall make available its pro rata portion, if any, of each Borrowing requested to be made on such date in

the manner provided below; provided that on the Closing Date, such funds may be made available at such

earlier time as may be agreed among the Lenders, the Borrower and the Administrative Agent for the

purpose of consummating the Transactions; provided, further, that all Swingline Loans shall be made

available to the Borrower in the full amount thereof by the Swingline Lender no later than 4:00 p.m.

(New York City time).

(b)Each Lender shall make available all amounts it is to fund to the Borrower under any

Borrowing for its applicable Commitments, and in immediately available funds, to the Administrative

Agent at the Administrative Agent’s Office and the Administrative Agent will (except in the case of

Borrowings to repay Unpaid Drawings) make available to the Borrower, by depositing to an account

designated by the Borrower to the Administrative Agent the aggregate of the amounts so made available

in Dollars. Unless the Administrative Agent shall have been notified by any Lender prior to the date of

any such Borrowing that such Lender does not intend to make available to the Administrative Agent its

portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume

that such Lender has made such amount available to the Administrative Agent on such date of

Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion

and without any obligation to do so) make available to the Borrower a corresponding amount. If such

corresponding amount is not in fact made available to the Administrative Agent by such Lender and the

Administrative Agent has made available such amount to the Borrower, the Administrative Agent shall

be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such

corresponding amount forthwith upon the Administrative Agent’s demand therefor the Administrative

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Agent shall promptly notify the Borrower, and the Borrower shall immediately pay such corresponding

amount to the Administrative Agent in Dollars. The Administrative Agent shall also be entitled to recover

from such Lender or the Borrower interest on such corresponding amount in respect of each day from the

date such corresponding amount was made available by the Administrative Agent to the Borrower to the

date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to

(i) if paid by such Lender, the Overnight Rate or (ii) if paid by the Borrower, the then-applicable

rate of interest or fees, calculated in accordance with Section 2.8, for the respective Loans.

(c)Nothing in this Section 2.4 shall be deemed to relieve any Lender from its obligation to

fulfill its commitments hereunder or to prejudice any rights that the Borrower may have against any

Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender

shall be responsible for the failure of any other Lender to fulfill its commitments hereunder).

2.5Repayment of Loans; Evidence of Debt.

(a)The Borrower shall repay to the Administrative Agent, for the benefit of the Initial Term

Loan Lenders, on the Term Loan Maturity Date, the then outstanding Initial Term Loans. The Borrower

shall repay to the Administrative Agent for the benefit of the Delayed Draw Term Loan Lenders, on the

Term Loan Maturity Date, the then outstanding Delayed Draw Term Loans. The Borrower shall repay to

the Administrative Agent for the benefit of the Revolving Credit Lenders, on the Revolving Credit

Maturity Date, the then outstanding Revolving Credit Loans. The Borrower shall repay to the

Administrative Agent for the benefit of the Revolving Credit Lenders, on each Extended Revolving Loan

Maturity Date, the then outstanding amount of Extended Revolving Credit Loans. The Borrower shall

repay to the Administrative Agent for the benefit of the Incremental Revolving Loan Lenders, on each

Incremental Revolving Credit Maturity Date, the then outstanding amount of Incremental Revolving

Credit Loans. The Borrower shall repay to the Swingline Lender, on the Swingline Maturity Date, the

then outstanding Swingline Loans.

(b)The Borrower shall repay to the Administrative Agent, (A)(i) for the benefit of the Initial

Term Loan Lenders, on the last Business Day of each of March, June, September and December,

commencing with the fiscal quarter ending on September 30, 2025 (each such date, an “Initial Term

Loan Repayment Date”), a principal amount of Term Loans equal to the aggregate outstanding

principal amount of Initial Term Loans made on the Closingas of the Amendment No. 1 Effective

Date multiplied by 0.25% and (ii) with respect to any Delayed Draw Term Loans funded on or after the

Closing Date, for the benefit of the Delayed Draw Term Loan Lenders, on the last Business Day of each

of March, June, September and December, commencing with the first fiscal quarter ended after the date

that such Delayed Draw Term Loans are funded (but, for the avoidance of doubt, no such payment shall

be required earlier than September 30, 2025) (each such date, an “Delayed Draw Term Loan

Repayment Date” and together with each Initial Term Loan Repayment Date, a “Term Loan

Repayment Date”), in an amount equal to 0.25% per quarter of the original principal amount of such

Delayed Draw Term Loans and (B) on the Term Loan Maturity Date, any remaining outstanding amount

of Initial Term Loans and Delayed Draw Term Loans (the repayment amounts in clauses (A)(i) and (ii)

above, each, a “Term Loan Repayment Amount”). The Administrative Agent may, in consultation with

the Borrower and at the time of incurrence thereof, adjust the amortization payment to be made to any

Term Loan Lender in conjunction with the incurrence of any Delayed Draw Term Loans (in each case,

solely to the extent such Delayed Draw Term Loans otherwise have the same terms and conditions as

existing Initial Term Loans) in order to ensure fungibility with the other Term Loans and to maintain the

pro rata allocation of amortization payments between and among the Initial Term Loans and the Delayed

Draw Term Loans that otherwise have the same terms and conditions but are incurred on different dates.

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With respect to any Delayed Draw Term Loan, such amortization payment shall be as notified to the

Lenders by the Administrative Agent.

(c)[Reserved].

(d)In the event that any New Term Loans are made, such New Term Loans shall, subject to

Section 2.14(d), be repaid by the Borrower in the amounts (each, a “New Term Loan Repayment

Amount”) and on the dates (each a “New Term Loan Repayment Date”) set forth in the applicable

Joinder Agreement and subject to any adjustment to ensure fungibility with the other Term Loans. In the

event that any Incremental Revolving Credit Loans are made, such Incremental Revolving Credit Loans

shall, subject to Section 2.14(e), be repaid by the Borrower in the amounts (each, a “New Revolving

Loan Repayment Amount”) and on the dates (each a “New Revolving Loan Repayment Date”) set

forth in the applicable Joinder Agreement. In the event that any Extended Term Loans are established,

such Extended Term Loans shall, subject to Section 2.14(g), be repaid by the Borrower in the amounts

(each such amount with respect to any Extended Repayment Date, an “Extended Term Loan

Repayment Amount”) and on the dates (each, an “Extended Repayment Date”) set forth in the

applicable Extension Amendment.

(e)Each Lender shall maintain in accordance with its usual practice an account or accounts

evidencing the Indebtedness of the Borrower to the appropriate lending office of such Lender resulting

from each Loan made by such lending office of such Lender from time to time, including the amounts of

principal and interest payable and paid to such lending office of such Lender from time to time under this

Agreement.

(f)The Administrative Agent shall maintain the Register pursuant to Section 13.6(b), and a

subaccount for each Lender, in which Register and subaccounts (taken together) shall be recorded (i) the

amount of each Loan made hereunder, whether such Loan is an Initial Term Loan, Delayed Draw Term

Loan, New Term Loan, Revolving Credit Loan, New Revolving Credit Loan, Additional Revolving

Credit Loan, Incremental Revolving Credit Loan or Swingline Loan, the Type of each Loan made, the

names of the Borrower and the Interest Period, if any, applicable thereto, (ii) the amount of any principal

or interest due and payable or to become due and payable from the Borrower to each Lender hereunder

and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower and

each Lender’s share thereof.

(g)The entries made in the Register and accounts and subaccounts maintained pursuant to

clauses (e) and (f) of this Section 2.5 shall, to the extent permitted by applicable law, be prima facie

evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided,

however, that, in the event of any inconsistency between the Register and any such account or

subaccount, the Register shall govern; provided, further, that the failure of any Lender or the

Administrative Agent or Swingline Lender to maintain such account, such Register or subaccount, as

applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay

(with applicable interest) the Loans made to the Borrower by such Lender in accordance with the terms

of this Agreement.

(h)The Borrower hereby agrees that, upon request of any Lender at any time and from time

to time after the Borrower has made an initial borrowing hereunder, the Borrower shall provide to such

Lender, at the Borrower’s own expense, a promissory note, substantially in the form of Exhibit G-1 or

Exhibit G-2, as applicable, evidencing the Initial Term Loans, Delayed Draw Term Loans, New Term

Loans, Swingline Loans and Revolving Loans owing to such Lender. Thereafter, unless otherwise agreed

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to by the applicable Lender, the Loans evidenced by such promissory note and interest thereon shall at all

times (including after assignment pursuant to Section 13.6) be represented by one or more promissory

notes in such form payable to the Lender named therein (or, if requested by such Lender, to such Lender

and its registered assigns).

2.6Conversions and Continuations.

(a)Subject to the penultimate sentence of this clause (a), (x) the Borrower shall have the

option on any Business Day to convert all or a portion equal to at least $1,000,000 of the outstanding

principal amount of Term Loans of one Type or at least the Minimum Borrowing Amount for Revolving

Credit Loans of one Type into a Borrowing or Borrowings of another Type and (y) the Borrower shall

have the option on any Business Day to continue the outstanding principal amount of any Benchmark

Rate Loans as Benchmark Rate Loans for an additional Interest Period; provided that (i) no partial

conversion of Benchmark Rate Loans shall reduce the outstanding principal amount of Benchmark Rate

Loans made pursuant to a single Borrowing to less than the Minimum Borrowing Amount, (ii) ABR

Loans may not be converted into Benchmark Rate Loans if an Event of Default is in existence on the date

of the conversion and the Administrative Agent has or the Required Lenders have determined in its or

their sole discretion not to permit such conversion, (iii) Benchmark Rate Loans may not be continued as

Benchmark Rate Loans for an additional Interest Period if an Event of Default is in existence on the date

of the proposed continuation and the Administrative Agent has or the Required Lenders have determined

in its or their sole discretion not to permit such continuation, and (iv) Borrowings resulting from

conversions pursuant to this Section 2.6 shall be limited in number as provided in Section 2.2. Each such

conversion or continuation shall be effected by the Borrower by giving the Administrative Agent prior

written notice at the Administrative Agent’s Office prior to (i) 11:00 a.m. (New York City time) at least

three Business Days prior, in the case of a continuation of or conversion to Benchmark Rate Loans (other

than in the case of a notice delivered on the Closing Date, which shall be deemed to be effective on the

Closing Date), or (ii) 10:00 a.m. (New York City time) at least one Business Day prior to the proposed

day of a conversion into ABR Loans (each, a “Notice of Conversion or Continuation” substantially in

the form of Exhibit J) specifying the Loans to be so converted or continued, the Type of Loans to be

converted or continued into and, if such Loans are to be converted into or continued as Benchmark Rate

Loans, the Interest Period to be initially applicable thereto. If no Interest Period is specified in any such

notice with respect to any conversion to or continuation as a Benchmark Rate Loan or if no Notice of

Conversion or Continuation is delivered with respect to any Loan, the Borrower shall be deemed to have

elected that such Loan be converted into or continued as a Benchmark Rate Loan with an Interest Period

of one month’s duration. The Administrative Agent shall give each applicable Lender notice as promptly

as practicable of any such proposed conversion or continuation affecting any of its Loans.

(b)If any Event of Default is in existence at the time of any proposed continuation of any

Benchmark Rate Loans denominated in Dollars and the Administrative Agent has or the Required

Lenders have determined in its or their sole discretion not to permit such continuation, such Benchmark

Rate Loans shall be automatically converted on the last day of the current Interest Period into ABR

Loans. If upon the expiration of any Interest Period in respect of Benchmark Rate Loans, the Borrower

has failed to elect a new Interest Period to be applicable thereto as provided in clause (a), the Borrower

shall be deemed to have elected to convert such Borrowing of Benchmark Rate Loans into a Borrowing of

ABR Loans, effective as of the expiration date of such current Interest Period.

2.7Pro Rata Borrowings. Each Borrowing of Initial Term Loans under this Agreement shall

be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments.

Each Borrowing of Amendment No. 1 Incremental Term Loans under this Agreement shall be

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made by the Lenders pro rata on the basis of their then-applicable Amendment No. 1 Incremental

Term Loan Commitments. Each Borrowing of Delayed Draw Term Loans under this Agreement shall be

made by the Lenders pro rata on the basis of their then-applicable Delayed Draw Term Loan

Commitments. Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the

Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each

Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis

of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving

Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their

then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be

responsible for any default by any other Lender in its obligation to make Loans hereunder and that each

Lender severally but not jointly shall be obligated to make the Loans provided to be made by it

hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other

than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any

of its obligations under any of the Credit Documents shall not release any Person from performance of its

obligation, under any Credit Document.

2.8Interest.

(a)The unpaid principal amount of each ABR Loan shall bear interest from the date of the

Borrowing thereof until maturity (whether by acceleration or otherwise) at a rate per annum that shall at

all times be the Applicable Margin for ABR Loans plus the ABR, in each case, in effect from time to

time.

(b)The unpaid principal amount of each Benchmark Rate Loan shall bear interest from the

date of the Borrowing thereof until maturity thereof (whether by acceleration or otherwise) at a rate per

annum that shall at all times be the Applicable Margin for Benchmark Rate Loans plus the relevant

Benchmark Rate.

(c)If an Event of Default has occurred and is continuing under Section 11.1 or Section 11.5

hereto (but after giving effect to any grace period set forth therein), if all or a portion of (i) the principal

amount of any Loan or (ii) any interest payable thereon or any other amount payable hereunder shall not

be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount

shall be payable on demand and bear interest at a rate per annum (the “Default Rate”) that is (x) in the

case of overdue principal, the rate that would otherwise be applicable thereto plus 2.00% per annum or

(y) in the case of any other overdue amount, including overdue interest, to the extent permitted by

applicable law, the rate described in Section 2.8(a) for the applicable Class plus 2.00% per annum from

the date of such non-payment to the date on which such amount is paid in full (after as well as before

judgment).

(d)Interest on each Loan shall accrue from and including the date of any Borrowing to but

excluding the date of any repayment thereof and shall be payable in Dollars; provided that any Loan that

is repaid on the same date on which it is made shall bear interest for one day. Except as provided below,

interest shall be payable (i) in respect of each ABR Loan, quarterly in arrears on the last Business Day of

each fiscal quarter of the Borrower, (ii) in respect of each Benchmark Rate Loan, on the last day of each

Interest Period applicable thereto and, in the case of an Interest Period in excess of three months, on each

date occurring at three-month intervals after the first day of such Interest Period, and (iii) in respect of

each Loan, (A) on any prepayment in respect thereof, (B) at maturity (whether by acceleration or

otherwise), and (C) after such maturity, on demand.

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(e)All computations of interest hereunder shall be made in accordance with Section 5.5.

(f)The Administrative Agent, upon determining the interest rate for any Borrowing of

Benchmark Rate Loans, shall promptly notify the Borrower and the relevant Lenders thereof. Each such

determination shall, absent clearly demonstrable error, be final and conclusive and binding on all parties

hereto.

2.9Interest Periods. At the time the Borrower gives a Notice of Borrowing or Notice of

Conversion or Continuation in respect of the making of, or conversion into or continuation as, a

Borrowing of Benchmark Rate Loans in accordance with Section 2.6(a), the Borrower shall give the

Administrative Agent written notice of the Interest Period applicable to such Borrowing, which Interest

Period shall, at the option of the Borrower, be a one, three or six month period (or if approved by all the

Lenders making such Benchmark Rate Loans as determined by such Lenders in good faith based on

prevailing market conditions, a twelve month or shorter period).

Notwithstanding anything to the contrary contained above:

(a)the initial Interest Period for any Borrowing of Benchmark Rate Loans shall commence

on the date of such Borrowing (including the date of any conversion from a Borrowing of ABR Loans)

and each Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on

which the next preceding Interest Period expires;

(b)if any Interest Period relating to a Borrowing of Benchmark Rate Loans begins on the

last Business Day of a calendar month or begins on a day for which there is no numerically

corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end

on the last Business Day of the calendar month at the end of such Interest Period;

(c)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 in

respect of a Benchmark Rate Loan 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; and

(d)the Borrower shall not be entitled to elect any Interest Period in respect of any

Benchmark Rate Loan if such Interest Period would extend beyond the Maturity Date of such Loan.

2.10Increased Costs, Illegality, Etc.

(a)In the event that (x) in the case of clause (i) below, the Administrative Agent and (y) in

the case of clauses (ii), (iii) and (iv) below, any Lender, as applicable, shall have reasonably determined

(which determination shall, absent clearly demonstrable error, be final and conclusive and binding upon

all parties hereto):

(i)[reserved];

(ii)[reserved];

(iii)that, due to a Change in Law, which shall subject any such Lender to any Tax

(other than (1) Indemnified Taxes or (2) Excluded Taxes) on its loans, loan principal, letters of credits,

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commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto;

or

(iv)[reserved];

(such Loans, “Impacted Loans”), then, and in any such event, such Lender (or the Administrative

Agent, in the case of clause (i) above) shall within a reasonable time thereafter give notice (if by

telephone, confirmed in writing) to the Borrower and to the Administrative Agent of such determination

(which notice the Administrative Agent shall promptly transmit to each of the other Lenders).

Thereafter in the case of subclause (iii) above, the Borrower shall take one of the actions specified in

subclause (x) or (y), as applicable, of Section 2.10(b) promptly and, in any event, within the time period

required by law.

(b)At any time that any Benchmark Rate Loan is affected by the circumstances described in

Section 2.10(a)(iii), the Borrower shall either (x) if a Notice of Borrowing or Notice of Conversion or

Continuation with respect to the affected Benchmark Rate Loan has been submitted pursuant to

Section 2.3 or Section 2.6 but the affected Benchmark Rate Loan has not been funded or continued,

cancel such requested Borrowing by giving the Administrative Agent written notice thereof on the same

date that the Borrower were notified by Lenders pursuant to Section 2.10(a)(iii) or (y) if the affected

Benchmark Rate Loan is then outstanding, upon at least three Business Days’ notice to the

Administrative Agent, require the affected Lender to convert each such Benchmark Rate Loan into an

ABR Loan; provided that if more than one Lender is affected at any time, then all affected Lenders must

be treated in the same manner pursuant to this Section 2.10(b).

(c)If, after the Closing Date, any Change in Law relating to capital adequacy or liquidity of

any Lender or compliance by any Lender or its parent with any Change in Law relating to capital

adequacy or liquidity occurring after the Closing Date, has or would have the effect of reducing the

actual rate of return on such Lender’s or its parent’s or its Affiliate’s capital or assets as a consequence of

such Lender’s commitments or obligations hereunder to a level below that which such Lender or its

parent or its Affiliate could have achieved but for such Change in Law (taking into consideration such

Lender’s or its parent’s policies with respect to capital adequacy or liquidity), then from time to time,

promptly after written demand by such Lender (with a copy to the Administrative Agent), the Borrower

shall pay to such Lender such actual additional amount or amounts as will compensate such Lender or its

parent for such actual reduction, it being understood and agreed, however, that a Lender shall not be

entitled to such compensation as a result of such Lender’s compliance with, or pursuant to any request or

directive to comply with, any law, rule or regulation as in effect on the Closing Date or to the extent such

Lender is not imposing such charges on, or requesting such compensation from, borrowers (similarly

situated to the Borrower hereunder) under comparable syndicated credit facilities similar to the Credit

Facilities. Each Lender, upon determining in good faith that any additional amounts will be payable

pursuant to this Section 2.10(c), will give prompt written notice thereof to the Borrower, which notice

shall set forth in reasonable detail the basis of the calculation of such additional amounts, although the

failure to give any such notice shall not, subject to Section 2.13, release or diminish the Borrower’s

obligations to pay additional amounts pursuant to this Section 2.10(c) promptly following receipt of such

notice.

(d)If the Administrative Agent shall have received notice from the Required Lenders that

the Benchmark Rate determined or to be determined for such Interest Period will not adequately and

fairly reflect the cost to such Lenders (as certified by such Lender) of making or maintaining its affected

Benchmark Rate Loans during such Interest Period, the Administrative Agent shall give telecopy or

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telephonic notice thereof to the Borrower and the Lenders as soon as practicable thereafter (which notice

shall include supporting calculations in reasonable detail). If such notice is given, (i) any Benchmark

Rate Loan requested to be made on the first day of such Interest Period shall be made an ABR Loan,

(ii) any Loans that were to have been converted on the first day of such Interest Period to Benchmark

Rate Loans shall be continued as an ABR Loan and (iii) any outstanding Benchmark Rate Loans shall be

converted, on the first day of such Interest Period, to ABR Loans. Until such notice has been withdrawn

by the Administrative Agent, no further Benchmark Rate Loans shall be made or continued as such, nor

shall the Borrower have the right to convert ABR Loans to Benchmark Rate Loans.

(e)Failure or delay on the part of the Administrative Agent or any such Lender to demand

compensation pursuant to this Section 2.10 shall not constitute a waiver of the Administrative Agent’s or

such Lender’s right to demand such compensation; provided that the Credit Parties shall not be required

to compensate the Administrative Agent or such Lender pursuant to the foregoing provisions of this

Section 2.10 for any increased costs incurred or reductions suffered more than nine (9) months prior to the

date that the Administrative Agent or any such Lender notifies the Credit Parties of the event giving rise

to such increased costs or reductions and of the Administrative Agent’s or such Lender’s intention to

claim compensation therefor (except that, if the event giving rise to such increased costs or reductions is

retroactive, then the nine (9) month period referred to above shall be extended to include the period of

retroactive effect thereof).

2.11Compensation. If (a) any payment of principal of any Benchmark Rate Loan is made by

the Borrower to or for the account of a Lender other than on the last day of the Interest Period for such

Benchmark Rate Loan as a result of a payment or conversion pursuant to Sections 2.5, 2.6, 2.10, 5.1, 5.2

or 13.7, as a result of acceleration of the maturity of the Loans pursuant to Section 11 or for any other

reason, (b) any Borrowing of Benchmark Rate Loans is not made as a result of a withdrawn Notice of

Borrowing or a failure to satisfy borrowing conditions, (c) any ABR Loan is not converted into a

Benchmark Rate Loan as a result of a withdrawn Notice of Conversion or Continuation, (d) any

Benchmark Rate Loan is not continued as a Benchmark Rate Loan, as the case may be, as a result of a

withdrawn Notice of Conversion or Continuation or (e) any prepayment of principal of any Benchmark

Rate Loan is not made as a result of a withdrawn notice of prepayment pursuant to Sections 5.1 or 5.2,

the Borrower shall, after receipt of a written request by such Lender (which request shall set forth in

reasonable detail the basis for requesting such amount), promptly pay to the Administrative Agent for the

account of such Lender any amounts required to compensate such Lender for any additional losses, costs

or expenses that such Lender may reasonably incur as a result of such payment, failure to convert, failure

to continue or failure to prepay, including any loss, cost or expense (excluding loss of anticipated profits)

actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any

Lender to fund or maintain such Benchmark Rate Loan. A certificate of a Lender setting forth the

amount or amounts necessary to compensate such Lender as specified in this Section 2.11 and setting

forth in reasonable detail the manner in which such amount or amounts were determined shall be

delivered to the Borrower and shall be conclusive, absent manifest error. The obligations of the

Borrower under this Section 2.11 shall survive the payment in full of the Loans and the termination of

this Agreement.

2.12Change of Lending Office. Each Lender agrees that, upon the occurrence of any event

giving rise to the operation of Sections 2.10(a)(ii), 2.10(a)(iii), 2.10(b), 3.5 or 5.4 with respect to such

Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy

considerations of such Lender) to designate another lending office for any Loans affected by such event;

provided that such designation is made on such terms that such Lender and its lending office suffer no

unreimbursed cost or other material economic, legal or regulatory disadvantage, with the object of

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avoiding the consequence of the event giving rise to the operation of any such Section. Nothing in this

Section 2.12 shall affect or postpone any of the obligations of the Borrower or the right of any Lender

provided in Sections 2.10, 3.5 or 5.4.

2.13Notice of Certain Costs. Notwithstanding anything in this Agreement to the contrary, to

the extent any notice required by Sections 2.11, 3.5 or 5.4 is given by any Lender more than 120 days

after such Lender has knowledge (or should have had knowledge) of the occurrence of the event giving

rise to the additional cost, reduction in amounts, loss or other additional amounts described in such

Sections, such Lender shall not be entitled to compensation under Sections 2.11, 3.5 or 5.4, as the case

may be, for any such amounts incurred or accruing prior to the 121st day prior to the giving of such notice

to the Borrower.

2.14Incremental Facilities.

(a)The Borrower may, by written notice to Administrative Agent, elect to request the

establishment of one or more (x) additional tranches of term loans (“Additional Term Loans”) or

increases in Term Loans of any Class (“Term Loan Increases”, the commitments thereto and to

Additional Term Loans, the “New Term Loan Commitments”), (y) increases in Revolving Credit

Commitments of any Class (the “New Revolving Credit Commitments”) and/or (z) additional tranches

of Revolving Credit Commitments (the “Additional Revolving Credit Commitments” and, together

with the New Revolving Credit Commitments, the “Incremental Revolving Credit Commitments”;

together with the New Term Loan Commitments and the New Revolving Credit Commitments, the “New

Loan Commitments”), by an aggregate amount not in excess of the Maximum Incremental Facilities

Amount in the aggregate and not less than $10,000,000 individually (or such lesser amount as (x) may be

approved by the Administrative Agent or (y) shall constitute the difference between the Maximum

Incremental Facilities Amount and all such New Loan Commitments obtained on or prior to such date);

provided that the aggregate principal amount of Incremental Revolving Credit Commitments established

after the Closing Date shall not exceed $25,000,000. The Borrower may approach any Lender or any

Person (other than a natural Person or, solely with respect to any Incremental Revolving Credit

Commitments, an Affiliated Lender) to provide all or a portion of the New Loan Commitments, subject, if

applicable, to the proviso to Section 2.14(b); provided that any Lender offered or approached to provide

all or a portion of the New Loan Commitments may elect or decline, in its sole discretion, to provide

a New Loan Commitment. In each case, on each applicable Increased Amount Date (subject to Section

1.12), such New Loan Commitments shall be subject to (i) no Event of Default (provided that, in

connection with a Limited Condition Transaction, no Event of Default shall exist on the LCT Test Date

and no Event of Default under Section 11.1 or Section 11.5 shall exist on the date such New Loan

Commitments are funded) shall exist on such Increased Amount Date before or after giving effect to such

New Loan Commitments, as applicable, (ii) the New Loan Commitments shall be effected pursuant to

one or more Joinder Agreements executed and delivered by the Borrower (a copy of which shall be

provided to the Administrative Agent), and each of which shall be recorded in the Register and shall be

subject to the requirements set forth in Section 5.4(e), and (iii) the Borrower shall make any payments

required pursuant to Section 2.11 in connection with the New Loan Commitments, as applicable. No

Lender shall have any obligation to provide any Commitments pursuant to this Section 2.14(a). Any

New Term Loans shall, at the election of the Borrower and agreed to by Lenders providing such New

Term Loan Commitments, be designated as (a) a separate series (a “Series”) of New Term Loans for all

purposes of this Agreement or (b) as part of a Series of existing Term Loans for all purposes of this

Agreement. On and after the Increased Amount Date, Additional Revolving Credit Loans shall be

designated a separate Series of Revolving Credit Loans for all purposes of this Agreement.

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(b)On any Increased Amount Date on which Incremental Revolving Credit Commitments

are effected, (a) with respect to New Revolving Credit Commitments, each of the Lenders with

Revolving Credit Commitments of such Class shall assign to each Lender with a New Revolving Credit

Commitment (each, a “New Revolving Loan Lender”) and each of the New Revolving Loan Lenders

shall purchase from each of the Lenders with Revolving Credit Commitments of such Class, at the

principal amount thereof, such interests in the Revolving Credit Loans outstanding on such Increased

Amount Date as shall be necessary in order that, after giving effect to all such assignments and

purchases, the Revolving Credit Loans of such Class will be held by existing Revolving Credit Lenders

and New Revolving Loan Lenders ratably in accordance with their Revolving Credit Commitments of

such Class after giving effect to the addition of such New Revolving Credit Commitments to the

Revolving Credit Commitments, and (b) with respect to any Incremental Revolving Credit Commitments,

(i) each Incremental Revolving Credit Commitment shall be deemed for all purposes a Revolving Credit

Commitment, and each Loan made under a New Revolving Credit Commitment (a “New Revolving

Credit Loan”) and each Loan made under an Additional Revolving Credit Commitment (an “Additional

Revolving Credit Loan” and, together with New Revolving Credit Loans, the “Incremental Revolving

Credit Loan”) shall be deemed, for all purposes, Revolving Credit Loans and (ii) each New Revolving

Loan Lender and each Lender with an Additional Revolving Credit Commitment (each an “Additional

Revolving Loan Lender” and, together with the New Revolving Loan Lenders, the “Incremental

Revolving Loan Lenders”) shall become a Lender with respect to the Incremental Revolving Credit

Commitment and all matters relating thereto; provided that the Administrative Agent and the Letter of

Credit Issuer shall have consented (not to be unreasonably withheld or delayed) to such Lender’s or

Incremental Revolving Loan Lender’s providing such Incremental Revolving Credit Commitment to the

extent such consent, if any, would be required under Section 13.6(b) for an assignment of Revolving

Loans or Revolving Credit Commitments, as applicable, to such Lender or Incremental Revolving Loan

Lender.

(c)New Term Loan Commitments of any Series shall be subject to the satisfaction of the

foregoing and following terms and conditions: (i) each Lender with a New Term Loan Commitment

(each, a “New Term Loan Lender”) of any Series shall make a Loan to the Borrower (a “New Term

Loan” and, together with the Incremental Revolving Credit Loans, the “Incremental Loans”) in an

amount equal to its New Term Loan Commitment of such Series, and (ii) each New Term Loan Lender

of any Series shall become a Lender hereunder with respect to the New Term Loan Commitment of such

Series and the New Term Loans of such Series made pursuant thereto.

(d)The terms and provisions of the New Term Loans and New Term Loan Commitments of

any Series shall be on terms and documentation set forth in the Joinder Agreement as determined by the

Borrower; provided that (x) with respect to a Term Loan Increase, such Term Loan Increase shall be on

the exact same terms and pursuant to the exact same documentation applicable to the Initial Term Loans

and the Delayed Draw Term Loans; provided that economic terms, voluntary prepayment provisions and

amortization schedule applicable to any Term Loan Increases shall be determined by the Borrower and

the Lenders thereunder and (y) with respect to any Additional Term Loans (i) except in the case of any

Inside Maturity Debt Exclusion, the applicable New Term Loan Maturity Date of each Series shall be no

earlier than the Term Loan Maturity Date; (ii) except in the case of any Inside Maturity Debt Exclusion,

the weighted average life to maturity of all Additional Term Loans shall be no shorter than the weighted

average life to maturity of the then existing Initial Term Loans and the Delayed Draw Term Loans;

(iii) the economic terms, voluntary prepayment provisions and amortization schedule applicable to any

Additional Term Loans shall be determined by the Borrower and the Lenders thereunder; provided that,

with respect to Additional Term Loans, solely to the extent that such Additional Term Loans meet the

MFN Parameters and if the Effective Yield for Benchmark Rate Loans or ABR Loans in respect of such

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Additional Term Loans exceeds the Effective Yield for Benchmark Rate Loans or ABR Loans in respect

of the then existing Initial Term Loans or the Delayed Draw Term Loans by more than 0.50% (calculated

as of the Closing Date or the Delayed Draw Term Loan Funding Date, as applicable (other than with

respect to the Benchmark Rate component of such calculation)), the Applicable Margin for Benchmark

Rate Loans or ABR Loans in respect of the then existing Initial Term Loans and the Delayed Draw Term

Loans shall be adjusted so that the Effective Yield in respect of the then existing Initial Term Loans and/

or Delayed Draw Term Loans, as applicable is equal to the Effective Yield for Benchmark Rate Loans or

ABR Loans in respect of the Additional Term Loans minus 0.50% (this proviso to this clause (iii), the

“MFN Protection”); (iv) except as otherwise set forth in this Section 2.14, such terms and documentation

shall be as determined by the Borrower and the providers of the Additional Term Loans; provided that,

to the extent the terms of any Additional Term Loans are not consistent with the then-existing

Initial Term Loans and Delayed Draw Term Loans (except as permitted under this Section 2.14), such

terms shall be reasonably satisfactory to the Administrative Agent (it being understood that (i) to the

extent any financial maintenance covenant is added for the benefit of any Indebtedness, no consent

shall be required by the Administrative Agent or any of the Lenders if such financial maintenance

covenant is also added for the benefit of any corresponding Initial Term Loans and Delayed Draw Term

Loans remaining outstanding after the issuance or incurrence of such Indebtedness and (ii) no consent

shall be required by the Administrative Agent or any of the Lenders if any covenants or other provisions

are only applicable after the Term Loan Maturity Date applicable to the Initial Term Loans and Delayed

Draw Term Loans); and (v) any Additional Term Loans shall (A) (x) rank pari passu or subordinate in

right of payment with the Obligations and (y) will either (1) be secured on a pari passu basis with, and by

the same Collateral as, the Obligations, (2) be secured on a junior basis with the Credit Facilities by the

same Collateral securing the Obligations or (3) be unsecured, (B) not be guaranteed by entities other than

the Guarantors and (C) to the extent secured on a junior basis, be subject to an Acceptable Intercreditor

Agreement or other intercreditor arrangements in form and substance reasonably acceptable to the

Administrative Agent and the Borrower; and (vi) no Affiliated Lender shall be a lender under any

Incremental Revolving Credit Commitments or Incremental Revolving Credit Loans and Affiliated

Lenders providing any portion of any Additional Term Loans or Term Loan Increases shall be subject to

the limitations set forth in Section 13.6(h) as if the provision of such Additional Term Loans or Term

Loan Increases were an assignment of such Loans to such Affiliated Lender. The terms and provisions of

any New Revolving Credit Commitments and the related New Revolving Credit Loans shall be identical

to the Class of Commitments and related Revolving Loans subject to increase by such New Revolving

Credit Commitments and New Revolving Credit Loans; provided, that underwriting, arrangement,

structuring, ticking, commitment, upfront or similar fees, and other fees payable in connection therewith

that may be agreed to among the Borrower and the lender(s) providing and/or arranging such New

Revolving Credit Commitments may be paid in connection with such New Revolving Credit

Commitments.

(e)Incremental Revolving Credit Commitments and Incremental Revolving Credit Loans

shall be on the exact same terms and pursuant to the exact same documentation applicable to the Initial

Revolving Credit Commitments and the related Revolving Credit Loans; provided that, as appropriate, the

economic terms, voluntary prepayment provisions and amortization schedule applicable to any

Incremental Revolving Credit Commitments shall be determined by the Lenders and Borrower

thereunder.

(f)Each Joinder Agreement may, without the consent of any other Lenders, effect technical

and corresponding amendments to this Agreement and the other Credit Documents as may be necessary

or appropriate, in the opinion of the Borrower and the Administrative Agent, to effect the provision of this

Section 2.14.

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(g)(i) The Borrower may at any time, and from time to time, request that all or a portion of

the Term Loans of any Class (an “Existing Term Loan Class”) be converted to extend the scheduled

maturity date(s) of any payment of principal with respect to all or a portion of any principal amount of

such Term Loans (any such Term Loans which have been so converted, “Extended Term Loans”) and

to provide for other terms consistent with this Section 2.14(g). In order to establish any Extended Term

Loans, the Borrower shall provide a notice to the Administrative Agent (who shall provide a copy of such

notice to each of the Lenders of the applicable Existing Term Loan Class which such request shall be

offered equally to all such Lenders) (a “Term Loan Extension Request”) setting forth the proposed

terms of the Extended Term Loans to be established, which shall not be materially more restrictive to the

Credit Parties (as determined in good faith by the Borrower), when taken as a whole, than the terms of

the Term Loans of the Existing Term Loan Class unless (x) the Lenders of the Term Loans of such

applicable Existing Term Loan Class receive the benefit of such more restrictive terms or (y) any such

provisions apply after the Term Loan Maturity Date (a “Permitted Other Provision”); provided,

however, that (x) the scheduled final maturity date shall be extended and all or any of the scheduled

amortization payments of principal of the Extended Term Loans may be delayed to later dates than the

scheduled amortization of principal of the Term Loans of such Existing Term Loan Class (with any such

delay resulting in a corresponding adjustment to the scheduled amortization payments reflected in

Section 2.5 or in the Joinder Agreement, as the case may be, with respect to the Existing Term Loan

Class from which such Extended Term Loans were converted, in each case as more particularly set forth

in paragraph (iv) of this Section 2.14(g) below), (y) (A) the interest margins with respect to the Extended

Term Loans may be higher or lower than the interest margins for the Term Loans of such Existing Term

Loan Class and/or (B) additional fees, premiums or applicable high-yield discount obligation payments

may be payable to the Lenders providing such Extended Term Loans in addition to or in lieu of any

increased margins contemplated by the preceding clause (A), in each case, to the extent provided in the

applicable Extension Amendment and to the extent that any Permitted Other Provision (including a

financial maintenance covenant) is added for the benefit of any such Indebtedness, no consent shall be

required by the Administrative Agent or any of the Lenders if such Permitted Other Provision is also

added for the benefit of any corresponding Loans remaining outstanding after the issuance or incurrence

of such Indebtedness or if such Permitted Other Provision applies only after the Term Loan Maturity

Date. Notwithstanding anything to the contrary in this Section 2.14 or otherwise, no Extended Term

Loans may be optionally prepaid prior to the date on which the Existing Term Loan Class from which

they were converted is repaid in full. No Lender shall have any obligation to agree to have any of its

Term Loans of any Existing Term Loan Class converted into Extended Term Loans pursuant to any

Extension Request. Any Extended Term Loans of any Extension Series shall constitute a separate Class

of Term Loans from the Existing Term Loan Class from which they were converted.

(ii)The Borrower may at any time and from time to time request that all or a portion

of the Revolving Credit Commitments of any Class, any Extended Revolving Credit Commitments and/or

any Incremental Revolving Credit Commitments, each existing at the time of such request (each, an

“Existing Revolving Credit Commitment” and any related revolving credit loans thereunder, “Existing

Revolving Credit Loans”; each Existing Revolving Credit Commitment and related Existing Revolving

Credit Loans together being referred to as an “Existing Revolving Credit Class”) be converted to extend

the termination date thereof and the scheduled maturity date(s) of any payment of principal with respect

to all or a portion of any principal amount of Loans related to such Existing Revolving Credit

Commitments (any such Existing Revolving Credit Commitments which have been so extended,

“Extended Revolving Credit Commitments” and any related Loans, “Extended Revolving Credit

Loans”) and to provide for other terms consistent with this Section 2.14(g). In order to establish any

Extended Revolving Credit Commitments, the Borrower shall provide a notice to the Administrative

Agent (who shall provide a copy of such notice to each of the Lenders of the applicable Class of Existing

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Revolving Credit Commitments which such request shall be offered equally to all such Lenders) setting

forth the proposed terms of the Extended Revolving Credit Commitments to be established, which shall

not be materially more restrictive to the Credit Parties (as determined in good faith by the Borrower),

when taken as a whole, than the terms of the applicable Existing Revolving Credit Commitments (the

“Specified Existing Revolving Credit Commitment”) unless (x) the Lenders providing Existing

Revolving Credit Loans receive the benefit of such more restrictive terms or (y) any such provisions

apply after the Revolving Credit Termination Date, in each case, to the extent provided in the applicable

Extension Amendment; provided, however, that (w) all or any of the final maturity dates of such

Extended Revolving Credit Commitments may be delayed to later dates than the final maturity dates of

the Specified Existing Revolving Credit Commitments, (x) (A) the interest margins with respect to the

Extended Revolving Credit Commitments may be higher or lower than the interest margins for the

Specified Existing Revolving Credit Commitments and/or (B) additional fees and premiums may be

payable to the Lenders providing such Extended Revolving Credit Commitments in addition to or in lieu

of any increased margins contemplated by the preceding clause (A) and (y) the Revolving Credit

Commitment fee rate with respect to the Extended Revolving Credit Commitments may be higher or

lower than the Revolving Credit Commitment fee rate for the Specified Existing Revolving Credit

Commitment; provided that, notwithstanding anything to the contrary in this Section 2.14(g) or

otherwise, (1) the borrowing and repayment (other than in connection with a permanent repayment and

termination of commitments) of Loans with respect to any Original Revolving Credit Commitments shall

be made on a pro rata basis with all other Original Revolving Credit Commitments and (2) assignments

and participations of Extended Revolving Credit Commitments and Extended Revolving Credit Loans

shall be governed by the same assignment and participation provisions applicable to Revolving Credit

Commitments and the Revolving Credit Loans related to such Commitments set forth in Section 13.6.

No Lender shall have any obligation to agree to have any of its Revolving Credit Loans or Revolving

Credit Commitments of any Existing Revolving Credit Class converted into Extended Revolving Credit

Loans or Extended Revolving Credit Commitments pursuant to any Extension Request. Any Extended

Revolving Credit Commitments of any Extension Series shall constitute a separate Class of revolving

credit commitments from the Specified Existing Revolving Credit Commitments and from any other

Existing Revolving Credit Commitments (together with any other Extended Revolving Credit

Commitments so established on such date).

(iii)Any Lender (an “Extending Lender”) wishing to have all or a portion of its

Term Loans, Revolving Credit Commitments, Incremental Revolving Credit Commitment or Extended

Revolving Credit Commitment of the Existing Class or Existing Classes subject to such Extension

Request converted into Extended Term Loans or Extended Revolving Credit Commitments, as

applicable, shall notify the Administrative Agent (an “Extension Election”) on or prior to the date

specified in such Extension Request of the amount of its Term Loans, Revolving Credit Commitments,

Incremental Revolving Credit Commitment or Extended Revolving Credit Commitment of the Existing

Class or Existing Classes subject to such Extension Request that it has elected to convert into Extended

Term Loans or Extended Revolving Credit Commitments, as applicable. In the event that the aggregate

amount of Term Loans, Revolving Credit Commitments, Incremental Revolving Credit Commitment or

Extended Revolving Credit Commitment of the Existing Class or Existing Classes subject to Extension

Elections exceeds the amount of Extended Term Loans or Extended Revolving Credit Commitments, as

applicable, requested pursuant to the Extension Request, Term Loans or Revolving Credit Commitments,

Incremental Revolving Credit Commitments or Extended Revolving Credit Commitments of the Existing

Class or Existing Classes subject to Extension Elections shall be converted to Extended Term Loans or

Extended Revolving Credit Commitments, as applicable, on a pro rata basis based on the amount of Term

Loans, Revolving Credit Commitments, Incremental Revolving Credit Commitment or Extended

Revolving Credit Commitment included in each such Extension Election. Notwithstanding the

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conversion of any Existing Revolving Credit Commitment into an Extended Revolving Credit

Commitment, such Extended Revolving Credit Commitment shall be treated identically to all other

Original Revolving Credit Commitments for purposes of the obligations of a Revolving Credit Lender in

respect of Letters of Credit under Section 3, except that the applicable Extension Amendment may

provide that the L/C Facility Maturity Date may be extended and the related obligations to issue Letters of

Credit may be continued so long as the Letter of Credit Issuers, as applicable, have consented to such

extensions in their sole discretion (it being understood that no consent of any other Lender shall be

required in connection with any such extension).

(iv)Extended Term Loans or Extended Revolving Credit Commitments, as

applicable, shall be established pursuant to an amendment (an “Extension Amendment”) to this

Agreement (which, except to the extent expressly contemplated by the penultimate sentence of this

Section 2.14(g)(iv) and, notwithstanding anything to the contrary set forth in Section 13.1, shall not

require the consent of any Lender other than the Extending Lenders with respect to the Extended Term

Loans or Extended Revolving Credit Commitments, as applicable, established thereby) executed by the

Credit Parties, the Administrative Agent and the Extending Lenders. No Extension Amendment shall

provide for any tranche of Extended Term Loans or Extended Revolving Credit Commitments in an

aggregate principal amount that is less than $5,000,000. In addition to any terms and changes required or

permitted by Section 2.14(g)(i) or 2.14(g)(ii), each Extension Amendment (x) shall amend the scheduled

amortization payments pursuant to Section 2.5 or the applicable Joinder Agreement with respect to the

Existing Term Loan Class from which the Extended Term Loans were converted to reduce each

scheduled Repayment Amount for the Existing Term Loan Class in the same proportion as the amount of

Term Loans of the Existing Term Loan Class is to be converted pursuant to such Extension Amendment

(it being understood that the amount of any Repayment Amount payable with respect to any individual

Term Loan of such Existing Term Loan Class that is not an Extended Term Loan shall not be reduced as

a result thereof) and (y) may, but shall not be required to, impose additional requirements (not

inconsistent with the provisions of this Agreement in effect at such time) with respect to the final

maturity and weighted average life to maturity of New Term Loans incurred following the date of such

Extension Amendment. Notwithstanding anything to the contrary in this Section 2.14(g) and without

limiting the generality or applicability of Section 13.1 to any Section 2.14 Additional Amendments, any

Extension Amendment may provide for additional terms and/or additional amendments other than those

referred to or contemplated above (any such additional amendment, a “Section 2.14 Additional

Amendment”) to this Agreement and the other Credit Documents; provided that such Section 2.14

Additional Amendments are within the requirements of Section 2.14(g)(i) and do not become effective

prior to the time that such Section 2.14 Additional Amendments have been consented to (including,

without limitation, pursuant to (1) consents applicable to holders of New Term Loans or Extended

Revolving Credit Commitments provided for in any Joinder Agreement and (2) consents applicable to

holders of any Extended Term Loans or Extended Revolving Credit Commitments provided for in any

Extension Amendment) by such of the Lenders, Credit Parties and other parties (if any) as may be

required in order for such Section 2.14 Additional Amendments to become effective in accordance with

Section 13.1.

(v)Notwithstanding anything to the contrary contained in this Agreement, (A) on

any date on which any Existing Class is converted to extend the related scheduled maturity date(s) in

accordance with clauses (i) and/or (ii) above (an “Extension Date”), (I) in the case of the existing Term

Loans of each Extending Lender, the aggregate principal amount of such existing Term Loans shall be

deemed reduced by an amount equal to the aggregate principal amount of Extended Term Loans so

converted by such Lender on such date, and the Extended Term Loans shall be established as a separate

Class of Term Loans (together with any other Extended Term Loans so established on such date), and (II)

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in the case of the Specified Existing Revolving Credit Commitments of each Extending Lender, the

aggregate principal amount of such Specified Existing Revolving Credit Commitments shall be deemed

reduced by an amount equal to the aggregate principal amount of Extended Revolving Credit

Commitments so converted by such Lender on such date, and such Extended Revolving Credit

Commitments shall be established as a separate Class of revolving credit commitments from the

Specified Existing Revolving Credit Commitments and from any other Existing Revolving Credit

Commitments (together with any other Extended Revolving Credit Commitments so established on such

date) and (B) if, on any Extension Date, any Loans of any Extending Lender are outstanding under the

applicable Specified Existing Revolving Credit Commitments, such Loans (and any related

participations) shall be deemed to be allocated as Extended Revolving Credit Loans (and related

participations) and Existing Revolving Credit Loans (and related participations) in the same proportion

as such Extending Lender’s Specified Existing Revolving Credit Commitments to Extended Revolving

Credit Commitments.

(vi)The Administrative Agent and the Lenders hereby consent to the consummation

of the transactions contemplated by this Section 2.14 (including, for the avoidance of doubt, payment of

any interest, fees or premium in respect of any Extended Term Loans and/or Extended Revolving Credit

Commitments on such terms as may be set forth in the relevant Extension Amendment) and hereby waive

the requirements of any provision of this Agreement (including, without limitation, any pro rata payment

or amendment section) or any other Credit Document that may otherwise prohibit or restrict any such

extension or any other transaction contemplated by this Section 2.14.

2.15Permitted Debt Exchanges.

(a)Notwithstanding anything to the contrary contained in this Agreement, pursuant to one or

more offers (each, a “Permitted Debt Exchange Offer”) made from time to time by the Borrower to all

Lenders of a given Class, the Borrower may from time to time following the Closing Date consummate

one or more exchanges of Term Loans for Permitted Other Indebtedness in the form of notes (such notes,

“Permitted Debt Exchange Notes,” and each such exchange a “Permitted Debt Exchange”), so long as

the following conditions are satisfied: (i) no Event of Default shall have occurred and be continuing at

the time the final offering document in respect of a Permitted Debt Exchange Offer is delivered to the

relevant Lenders, (ii) the aggregate principal amount (calculated on the face amount thereof) of Term

Loans exchanged shall equal no more than the aggregate principal amount (calculated on the face amount

thereof) of Permitted Debt Exchange Notes issued in exchange for such Term Loans; provided that the

aggregate principal amount of the Permitted Debt Exchange Notes may include accrued interest and

premium (if any) under the Term Loans exchanged and underwriting discounts, fees, commissions and

expenses in connection with the issuance of such Permitted Debt Exchange Notes, (iii) the aggregate

principal amount (calculated on the face amount thereof) of all Term Loans exchanged under each

applicable Class by the Borrower pursuant to any Permitted Debt Exchange shall automatically be

cancelled and retired by the Borrower on the date of the settlement thereof (and, if requested by the

Administrative Agent, any applicable exchanging Lender shall execute and deliver to the Administrative

Agent an Assignment and Acceptance, or such other form as may be reasonably requested by the

Administrative Agent, in respect thereof pursuant to which the respective Lender assigns its interest in

the Term Loans being exchanged pursuant to the Permitted Debt Exchange to the Borrower for

immediate cancellation), (iv) if the aggregate principal amount of all Term Loans of a given Class

(calculated on the face amount thereof) tendered by Lenders in respect of the relevant Permitted Debt

Exchange Offer (with no Lender being permitted to tender a principal amount of Term Loans which

exceeds the principal amount thereof of the applicable Class actually held by it) shall exceed the

maximum aggregate principal amount of Term Loans of such Class offered to be exchanged by the

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Borrower pursuant to such Permitted Debt Exchange Offer, then the Borrower shall exchange Term

Loans subject to such Permitted Debt Exchange Offer tendered by such Lenders ratably up to such

maximum amount based on the respective principal amounts so tendered, (v) all documentation in respect

of such Permitted Debt Exchange shall be consistent with the foregoing, and all written communications

generally directed to the Lenders in connection therewith shall be in form and substance consistent with

the foregoing and made in consultation with the Borrower and the Auction Agent, and (vi) any applicable

Minimum Tender Condition shall be satisfied.

(b)With respect to all Permitted Debt Exchanges effected by the Borrower pursuant to this

Section 2.15, (i) such Permitted Debt Exchanges (and the cancellation of the exchanged Term Loans in

connection therewith) shall not constitute voluntary or mandatory payments or prepayments for purposes

of Section 5.1 or 5.2, and (ii) such Permitted Debt Exchange Offer shall be made for not less than

$5,000,000 in aggregate principal amount of Term Loans; provided that, subject to the foregoing

clause (ii), the Borrower may at its election specify as a condition (a “Minimum Tender Condition”) to

consummating any such Permitted Debt Exchange that a minimum amount (to be determined and

specified in the relevant Permitted Debt Exchange Offer in the Borrower’s discretion) of Term Loans of

any or all applicable Classes be tendered.

(c)In connection with each Permitted Debt Exchange, the Borrower and the Auction Agent

shall mutually agree to such procedures as may be necessary or advisable to accomplish the purposes of

this Section 2.15 and without conflict with Section 2.15(d); provided that the terms of any Permitted Debt

Exchange Offer shall provide that the date by which the relevant Lenders are required to indicate their

election to participate in such Permitted Debt Exchange shall be not less than a reasonable period (in the

discretion of the Borrower and the Auction Agent) of time following the date on which the Permitted

Debt Exchange Offer is made.

(d)The Borrower shall be responsible for compliance with, and hereby agrees to comply

with, all applicable securities and other laws in connection with each Permitted Debt Exchange, it being

understood and agreed that (x) none of the Auction Agent, the Administrative Agent nor any Lender

assumes any responsibility in connection with the Borrower’s compliance with such laws in connection

with any Permitted Debt Exchange and (y) each Lender shall be solely responsible for its compliance with

any applicable “insider trading” laws and regulations to which such Lender may be subject under the

Securities Exchange Act.

2.16Defaulting Lenders.

(a)Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if

any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting

Lender, to the extent permitted by applicable Requirements of 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 13.1.

(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 Section 11 or otherwise) or received by the

Administrative Agent from a Defaulting Lender pursuant to Section 13.8 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

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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 Letter of Credit Issuer or

Swingline Lender hereunder; third, to Cash Collateralize the Letter of Credit Issuer’s Fronting Exposure

with respect to such Defaulting Lender in accordance with Section 3.8; fourth, as the Borrower may

request (so long as no Default exists), to the funding of any Loan 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 (x) satisfy such Defaulting Lender’s potential future

funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the Letter of

Credit Issuer’s future Fronting Exposure with respect to such Defaulting Lender with respect to future

Letters of Credit issued under this Agreement, in accordance with Section 3.8; sixth, to the payment of

any amounts owing to the Borrower, the Lenders, the Swingline Lender or the Letter of Credit Issuer as a

result of any judgment of a court of competent jurisdiction obtained by the Borrower, any Lender, the

Swingline Lender or the Letter of Credit Issuer against such Defaulting Lender as a result of such

Defaulting Lender’s breach of its obligations under this Agreement; and seventh, to such Defaulting

Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is

a payment of the principal amount of any Loans or L/C Borrowings in respect of which such Defaulting

Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of

Credit were issued at a time when the conditions set forth in Section 7 were satisfied or waived, such

payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting

Lenders on a pro rata basis prior to being applied to the payment of any Loans of, and L/C Obligations

owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in

L/C Obligations and Swingline Loans are held by the Lenders pro rata in accordance with the

Commitments hereunder without giving effect to Section 2.16(a)(iv). Any payments, prepayments or

other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a

Defaulting Lender or to post Cash Collateral pursuant to this Section 2.16(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 fee payable under

Section 4 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 Fees

for any period during which that Lender is a Defaulting Lender only to the extent allocable to its

applicable percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral

pursuant to Section 3.8.

(C)With respect to any Letter of Credit Fee not required to be paid to any

Defaulting Lender pursuant to clause (A) or (B) above, the Borrower shall (x) pay to each

Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with

respect to such Defaulting Lender’s participation in L/C Obligations that has been reallocated to such

Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the Letter of Credit Issuer the amount of

any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Letter of

Credit’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining

amount of any such fee.

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(iv)Reallocation of Applicable Percentages to Reduce Fronting Exposure. All or

any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be

reallocated among the Non-Defaulting Lenders in accordance with their respective Revolving Credit

Commitment Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only

to the extent that such reallocation does not cause the aggregate Revolving Credit Exposure of any

Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. Subject to Section 13.23,

no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against

a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of

a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such

reallocation.

(v)Cash Collateral, Repayment of Swingline Loans. If the reallocation described in

clause (a)(iv) above cannot, or can only partially, be effected, the Borrower shall (x) first, prepay

Swingline Loans in an amount equal to the Swingline Lender’s Fronting Exposure and (y) second, Cash

Collateralize the Letter of Credit Issuers’ Fronting Exposure in accordance with the procedures set forth

in Section 3.8.

(b)Defaulting Lender Cure. If the Borrower, the Administrative Agent, the Swingline

Lender and the Letter of Credit Issuer 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), that 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 Revolving Credit Loans and funded and unfunded participations

in Letters of Credit and Swingline Loans to be held on a pro rata basis by the Lenders in accordance with

their Revolving Credit Commitment Percentages (without giving effect to Section 2.16(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 Lender will constitute a

waiver or release of any claim of any party hereunder arising from that Lender’s having been a

Defaulting Lender.

2.17Additional Borrowers

(a)The Borrower may, at any time and from time to time, designate any Guarantor (other

than Holdings) organized in a State of the United States of America or the District of Columbia to be an

Additional Borrower by having such Additional Borrower execute a Borrower Joinder Agreement and

provide the Administrative Agent and each Lender with all reasonably requested documentation and

other information (which, in the case of each Lender, shall be requested through the Administrative

Agent) regarding the Additional Borrower requested in connection with applicable “know your

customer” and anti-money laundering rules and regulations, to the extent requested within three (3)

Business Days of the Administrative Agent being provided written notice of the Additional Borrower

designation (which the Administrative Agent shall promptly share with the Lenders). From and after such

designation, such Guarantor shall become a “Borrower” under the applicable Credit Facility for all

purposes of this Agreement and the other Credit Documents and will have the right to directly request

Loans in accordance with Article II hereof. The Borrower and the Administrative Agent shall be

authorized to amend this Agreement and the other Credit Documents to reflect the existence of more than

one Borrower hereunder and thereunder.

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(b)The Borrower may, for accounting, tax or other purposes, designate any portion of any

Loan under a Credit Facility with one or more Additional Borrowers to be incurred by the Borrower or

one or more of such Additional Borrowers; provided that this Section 2.17(b) shall in no way limit the

obligations of such Additional Borrower under the Guarantee.

(c)At any time and from time to time, an Additional Borrower may resign as a Borrower

under any Credit Facility, so long as after such resignation, the Borrower remains a Borrower under such

Credit Facility or concurrently with such resignation, all Loans under such Credit Facility shall be repaid

in full and all Commitments thereunder shall be terminated.

Section 3.Letters of Credit

3.1Letters of Credit.

(a)Subject to and upon the terms and conditions herein set forth, at any time and from time

to time after the Closing Date and prior to the L/C Facility Maturity Date, (i) each Letter of Credit Issuer

agrees and (ii) the Administrative Agent agrees (including through its Affiliates) to arrange for a Support

Agreement Bank, through a guarantee, reimbursement or similar support agreement, in each case, to the

extent approved by the Borrower to the extent that such agreement would impose additional obligations

on the Borrower (each, an “LC Support Agreement”), in each case in reliance upon the agreements of

the Revolving Credit Lenders set forth in this Section 3, to issue from time to time from the Closing Date

through the L/C Facility Maturity Date for the account of the Borrower (or, so long as the Borrower is

the primary obligors and signatories to the Letter of Credit Request, for the account of the Borrower or

any Restricted Subsidiary (other than the Borrower)) letters of credit (the “Letters of Credit” and each, a

“Letter of Credit”), which Letters of Credit shall not at any time exceed (i) the Letter of Credit Issuer’s

Letter of Credit Commitment, and (ii) the L/C Sublimit, in such form as may be approved by the Letter of

Credit Issuer in its reasonable discretion.

(b)Notwithstanding the foregoing, (i) no Letter of Credit shall be issued the Stated Amount

of which, when added to the Letters of Credit Outstanding at such time, would exceed the Letter of Credit

Commitment then in effect (or with respect to any Letter of Credit Issuer, exceed such Letter of Credit

Issuer’s Letter of Credit Commitment (ii) no Letter of Credit shall be issued the Stated Amount of which

would cause the aggregate amount of the Lenders’ Revolving Credit Exposures at the time of the issuance

thereof to exceed the Total Revolving Credit Commitment then in effect; (iii) each Letter of Credit shall

have an expiration date occurring no later than one year after the date of issuance thereof (except as set

forth in Section 3.2(d)), provided that in no event shall such expiration date occur later than the L/C

Facility Maturity Date, in each case, unless otherwise agreed upon by the Administrative Agent, the

Letter of Credit Issuer and, unless such Letter of Credit has been Cash Collateralized or backstopped (in

the case of a backstop only, on terms reasonably satisfactory to such Letter of Credit Issuer), the

Revolving Credit Lenders; (iv) the Letter of Credit shall be denominated in Dollars; (v) no Letter of

Credit shall be issued if it would be illegal under any applicable law for the beneficiary of the Letter of

Credit to have a Letter of Credit issued in its favor; and (vi) no Letter of Credit shall be issued by a Letter

of Credit Issuer after it has received a written notice from any Credit Party or the Administrative Agent

stating that one or more applicable conditions contained in Section 6 (solely with respect to any Letter of

Credit issued on the Closing Date) or Section 7 shall not be satisfied to the extent required thereby until

such time as such Letter of Credit Issuer shall have received a written notice of (x) rescission of such

notice from the party or parties originally delivering such notice or (y) the waiver of such Default or

Event of Default in accordance with the provisions of Section 13.1 and (vii) each Letter of Credit shall be

a standby letter of credit unless otherwise agreed by the applicable Letter of Credit Issuer.

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(c)Upon at least two Business Days’ prior written notice to the Administrative Agent and

the Letter of Credit Issuer (which notice the Administrative Agent shall promptly transmit to each of the

Lenders), the Borrower shall have the right, on any day, permanently to terminate or reduce the Letter of

Credit Commitment in whole or in part; provided that, after giving effect to such termination or

reduction, the Letters of Credit Outstanding shall not exceed the Letter of Credit Commitment (or with

respect to a Letter of Credit Issuer, the Letters of Credit Outstanding with respect to Letters of Credit

issued by such Letter of Credit Issuer shall not exceed such Letter of Credit Issuer’s Letter of Credit

Commitment, unless otherwise agreed by such Letter of Credit Issuer and the Borrower).

(d)The Letter of Credit Issuer shall not be under any obligation to issue any Letter of Credit

if:

(i)any order, judgment or decree of any Governmental Authority or arbitrator shall

by its terms enjoin or restrain the Letter of Credit Issuer from issuing such Letter of Credit, or any law

applicable to such Letter of Credit Issuer or any request or directive (whether or not having the force of

law) from any Governmental Authority with jurisdiction over such Letter of Credit Issuer shall prohibit,

or request that such Letter of Credit Issuer refrain from, the issuance of letters of credit generally or such

Letter of Credit in particular or shall impose upon such Letter of Credit Issuer with respect to such Letter

of Credit any restriction, reserve or capital requirement (in each case, for which such Letter of Credit

Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon

such Letter of Credit Issuer any unreimbursed loss, cost or expense which was not applicable on the

Closing Date and which such Letter of Credit Issuer in good faith deems material to it;

(ii)the issuance of such Letter of Credit would violate one or more policies of such

Letter of Credit Issuer applicable to letters of credit generally;

(iii)except as otherwise agreed by the Letter of Credit Issuer, such Letter of Credit is

in an initial Stated Amount less than $10,000;

(iv)such Letter of Credit is denominated in a currency other than Dollars;

(v)such Letter of Credit contains any provisions for automatic reinstatement of the

Stated Amount after any drawing thereunder; or

(vi)a default of any Revolving Credit Lender’s obligations to fund under Section 3.3

exists or any Revolving Credit Lender is at such time a Defaulting Lender hereunder, unless, in each

case, the Borrower has entered into arrangements reasonably satisfactory to the Letter of Credit Issuer to

eliminate such Letter of Credit Issuer’s risk with respect to such Revolving Credit Lender or such risk has

been reallocated in accordance with Section 2.16.

(e)The Letter of Credit Issuer shall not increase the Stated Amount of any Letter of Credit if

the Letter of Credit Issuer would not be permitted at such time to issue such Letter of Credit in its

amended form under the terms hereof.

(f)The Letter of Credit Issuer shall be under no obligation to amend any Letter of Credit if

(A) the Letter of Credit Issuer would have no obligation at such time to issue such Letter of Credit in its

amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the

proposed amendment to such Letter of Credit.

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(g)The Letter of Credit Issuer shall act on behalf of the Revolving Credit Lenders with

respect to any Letters of Credit issued by it and the documents associated therewith and the Letter of

Credit Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in

Section 12 with respect to any acts taken or omissions suffered by the Letter of Credit Issuer in

connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents

pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Section 12

included the Letter of Credit Issuer with respect to such acts or omissions, and (B) as additionally

provided herein with respect to the Letter of Credit Issuer.

3.2Letter of Credit Requests.

(a)Whenever the Borrower desires that a Letter of Credit be issued or amended, the

Borrower shall give the Administrative Agent and the Letter of Credit Issuer a Letter of Credit Request by

no later than 1:00 p.m. (New York City time) at least ten Business Days (or such other period as may be

agreed upon by the Borrower, the Administrative Agent and the Letter of Credit Issuer) prior to the

proposed date of issuance or amendment. Each Letter of Credit Request shall be executed by the

Borrower. Such Letter of Credit Request may be sent by facsimile, by United States mail, by overnight

courier, by electronic transmission using the system provided by the Letter of Credit Issuer, by personal

delivery or by any other means acceptable to the Letter of Credit Issuer. Each Letter of Credit request

shall be made to the applicable Letter of Credit Issuer (with a copy to the Administrative Agent) to issue

a Letter of Credit in principal amount equal to its then applicable ratable portion of Revolving Credit

Commitments.

(b)In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit

Request shall specify in form and detail reasonably satisfactory to the Letter of Credit Issuer: (A) the

proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the Stated

Amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the

documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any

certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the identity of the

applicant; and (H) such other matters as the Letter of Credit Issuer may reasonably require. In the case of

a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Request shall

specify in form and detail reasonably satisfactory to the Letter of Credit Issuer (I) the Letter of Credit to

be amended; (II) the proposed date of amendment thereof (which shall be a Business Day); (III) the

nature of the proposed amendment; and (IV) such other matters as the Letter of Credit Issuer may

reasonably require. Additionally, the Borrower shall furnish to the Letter of Credit Issuer and the

Administrative Agent such other documents and information pertaining to such requested Letter of Credit

issuance or amendment, including any Issuer Documents, as the Letter of Credit Issuer or the

Administrative Agent may reasonably require.

(c)Unless the Letter of Credit Issuer has received written notice from any Revolving Credit

Lender, the Administrative Agent or any Credit Party, at least one Business Day prior to the requested

date of issuance or amendment of the Letter of Credit, that one or more applicable conditions contained

in Section 6 (solely with respect to any Letter of Credit issued on the Closing Date) or Section 7 shall not

then be satisfied to the extent required thereby, then, subject to the terms and conditions hereof, the

Letter of Credit Issuer shall, on the requested date, issue a Letter of Credit for the account of the

Borrower (or, so long as the Borrower are the primary obligors, for the account of the Borrower or a

Restricted Subsidiary) or enter into the applicable amendment, as the case may be, in each case in

accordance with each such Letter of Credit Issuer’s usual and customary business practices.

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(d)If the Borrower so requests in any Letter of Credit Request, the Letter of Credit Issuer

shall agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension

Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit the Letter of

Credit Issuer to prevent any such extension at least once in each twelve-month period (commencing with

the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof and the

Borrower not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to

be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the Letter of

Credit Issuer, the Borrower shall not be required to make a specific request to the Letter of Credit Issuer

for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be

deemed to have authorized (but may not require) the Letter of Credit Issuer to permit the extension of

such Letter of Credit at any time to an expiry date not later than the L/C Facility Maturity Date, unless

otherwise agreed upon by the Administrative Agent and the Letter of Credit Issuer; provided, however,

that the Letter of Credit Issuer shall not permit any such extension if (A) the Letter of Credit Issuer has

reasonably determined that it would not be permitted, or would have no obligation, at such time to issue

such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions

of Section 3.1(b) or otherwise), or (B) it has received written notice on or before the day that is seven

Business Days before the Non-Extension Notice Date from the Administrative Agent, any Lender or the

Borrower that one or more of the applicable conditions specified in Section 7 are not then satisfied, and

in each such case directing the Letter of Credit Issuer not to permit such extension.

(e)Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit

to an advising bank with respect thereto or to the beneficiary thereof, the Letter of Credit Issuer will also

deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit

or amendment. On the first Business Day of each month, the Letter of Credit Issuer shall provide the

Administrative Agent a list of all Letters of Credit issued by it that are outstanding at such time.

(f)The making of each Letter of Credit Request shall be deemed to be a representation and

warranty by the Borrower that the Letter of Credit may be issued in accordance with, and will not violate

the requirements of, Section 3.1(b).

3.3Letter of Credit Participations.

(a)Immediately upon the issuance by the Letter of Credit Issuer of any Letter of Credit, (i) in

the case of a Letter of Credit that is not issued by a Support Agreement Bank, the Letter of Credit

Issuer shall be deemed to have sold and transferred to each Revolving Credit Lender and (ii) in the case of

a Letter of Credit that is issued by a Support Agreement Bank, the Administrative Agent shall be deemed

to have sold and transferred to each Revolving Credit Lender (each such Revolving Credit Lender

referred to in the foregoing clauses (i) and (ii), in its capacity under this Section 3.3, an “L/C

Participant”), and each such L/C Participant shall be deemed irrevocably and unconditionally to have

purchased and received from the Letter of Credit Issuer or the Administrative Agent, as applicable,

without recourse or warranty, an undivided interest and participation (each an “L/C Participation”), to

the extent of such L/C Participant’s Revolving Credit Commitment Percentage in each Letter of Credit,

each substitute therefor, each drawing made thereunder and the obligations of the Borrower under this

Agreement with respect thereto, and any security therefor or guaranty pertaining thereto; provided that the

Letter of Credit Fees will be paid directly to the Administrative Agent for the ratable account of the L/C

Participants as provided in Section 4.1(b) and the L/C Participants shall have no right to receive any

portion of any Fronting Fees.

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(b)In determining whether to pay under any Letter of Credit, the relevant Letter of Credit

Issuer shall have no obligation relative to the L/C Participants other than to confirm that any documents

required to be delivered under such Letter of Credit have been delivered and that they appear to comply

on their face with the requirements of such Letter of Credit. Any action taken or omitted to be taken by

the relevant Letter of Credit Issuer under or in connection with any Letter of Credit issued by it, if taken

or omitted in the absence of gross negligence or willful misconduct as determined in the final

non-appealable judgment of a court of competent jurisdiction, shall not create for the Letter of Credit

Issuer any resulting liability. In furtherance of the foregoing and without limiting the generality thereof,

the parties agree that, with respect to documents presented that appear on their face to be in substantial

compliance with the terms of a Letter of Credit, a Letter of Credit Issuer 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, and any

such acceptance or refusal shall be deemed not to constitute gross negligence or willful misconduct.

(c)In the event that the Letter of Credit Issuer makes any payment under any Letter of

Credit issued by it and the Borrower shall not have repaid such amount in full to the respective Letter of

Credit Issuer through the Administrative Agent pursuant to Section 3.4(a), the Administrative Agent shall

promptly notify each L/C Participant of such failure, and each L/C Participant shall promptly and

unconditionally pay to the Administrative Agent for the account of the Letter of Credit Issuer, the amount

of such L/C Participant’s Revolving Credit Commitment Percentage of such unreimbursed payment in

Dollars and in immediately available funds. If and to the extent such L/C Participant shall not have so

made its Revolving Credit Commitment Percentage of the amount of such payment available to the

Administrative Agent for the account of the Letter of Credit Issuer, such L/C Participant agrees to pay to

the Administrative Agent for the account of the Letter of Credit Issuer, forthwith on demand, such

amount, together with interest thereon for each day from such date until the date such amount is paid to

the Administrative Agent for the account of the Letter of Credit Issuer at a rate per annum equal to the

Overnight Rate from time to time then in effect, plus any administrative, processing or similar fees that

are reasonably and customarily charged by the Letter of Credit Issuer in connection with the foregoing.

The failure of any L/C Participant to make available to the Administrative Agent for the account of the

Letter of Credit Issuer its Revolving Credit Commitment Percentage of any payment under any Letter of

Credit shall not relieve any other L/C Participant of its obligation hereunder to make available to the

Administrative Agent for the account of the Letter of Credit Issuer its Revolving Credit Commitment

Percentage of any payment under such Letter of Credit on the date required, as specified above, but no L/

C Participant shall be responsible for the failure of any other L/C Participant to make available to the

Administrative Agent such other L/C Participant’s Revolving Credit Commitment Percentage of any such

payment.

(d)Whenever the Administrative Agent receives a payment in respect of an unpaid

reimbursement obligation as to which the Administrative Agent has received for the account of the Letter

of Credit Issuer any payments from the L/C Participants pursuant to clause (c) above, the Administrative

Agent shall promptly pay to each L/C Participant that has paid its Revolving Credit Commitment

Percentage of such reimbursement obligation, in Dollars and in immediately available funds, an amount

equal to such L/C Participant’s share (based upon the proportionate aggregate amount originally funded

by such L/C Participant to the aggregate amount funded by all L/C Participants) of the amount so paid in

respect of such reimbursement obligation and interest thereon accruing after the purchase of the

respective L/C Participations at the Overnight Rate.

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(e)The obligations of the L/C Participants to make payments to the Administrative Agent for

the account of the Letter of Credit Issuer with respect to Letters of Credit shall be irrevocable and not

subject to counterclaim, set-off or other defense or any other qualification or exception whatsoever and

shall be made in accordance with the terms and conditions of this Agreement under all circumstances.

(f)If any payment received by the Administrative Agent for the account of the Letter of

Credit Issuer pursuant to Section 3.3(c) is required to be returned, each Lender shall pay to the

Administrative Agent for the account of the Letter of Credit Issuer its Revolving Credit Commitment

Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such

demand to the date such amount is returned by such Lender, at a rate per annum equal to the applicable

Overnight Rate from time to time in effect. The obligations of the Lenders under this clause shall survive

the payment in full of the Obligations and the termination of this Agreement.

3.4Agreement to Repay Letter of Credit Drawings.

(a)The Borrower hereby agrees to reimburse (i) the Letter of Credit Issuer, by making

payment with respect to any drawing under any Letter of Credit in the same currency in which such

drawing was made unless the Letter of Credit Issuer (at its option) shall have specified in the notice of

drawing that it will require reimbursement in Dollars and (ii) the Administrative Agent (or its Affiliate)

for any payment pursuant to an LC Support Agreement to any Support Agreement Bank (a “Support

Agreement Payment”), by making payment with respect to any such payment in the same currency in

which such payment was made under the LC Support Agreement unless the Administrative Agent (at its

option) shall have specified in the notice of drawing that it will require reimbursement in Dollars. Any

such reimbursement shall be made by the Borrower to the Administrative Agent in immediately available

funds for any LC Support Agreement Payment or any payment or disbursement made by the Letter of

Credit Issuer under any Letter of Credit (each such amount so paid until reimbursed, an “Unpaid

Drawing”) no later than the date that is one Business Day after the date on which the Borrower receives

written notice of such payment or disbursement (the “Reimbursement Date”), with interest on the LC

Support Agreement Payment or the amount so paid or disbursed by the Letter of Credit Issuer, to the

extent not reimbursed prior to 5:00 p.m. (New York City time) on the Reimbursement Date, from the

Reimbursement Date to the date the LC Support Agreement Payment is reimbursed or the Letter of

Credit Issuer is reimbursed, as applicable, therefor at a rate per annum that shall at all times be the

Applicable Margin for ABR Loans that are Revolving Credit Loans plus the ABR as in effect from time

to time, provided that, notwithstanding anything contained in this Agreement to the contrary, (i) unless

the Borrower has notified the Administrative Agent and the relevant Letter of Credit Issuer prior to 11:00

a.m. (New York City time) on the Reimbursement Date that the Borrower intends to reimburse the

relevant Letter of Credit Issuer for the amount of such drawing with funds other than the proceeds of

Loans, the Borrower shall be deemed to have given a Notice of Borrowing requesting that, with respect

to Letters of Credit, the Revolving Credit Lenders make Revolving Credit Loans (which shall be

denominated in Dollars and which shall be ABR Loans) on the Reimbursement Date in the amount of

such drawing and (ii) the Administrative Agent shall promptly notify each L/C Participant of such

drawing and the amount of its Revolving Credit Loan to be made in respect thereof, and each L/C

Participant shall be irrevocably obligated to make a Revolving Credit Loan to the Borrower in Dollars in

the manner deemed to have been requested in the amount of its Revolving Credit Commitment

Percentage of the applicable Unpaid Drawing by 2:00 p.m. (New York City time) on such

Reimbursement Date by making the amount of such Revolving Credit Loan available to the

Administrative Agent. Such Revolving Credit Loans shall be made without regard to the Minimum

Borrowing Amount. The Administrative Agent shall use the proceeds of such Revolving Credit Loans

solely for purpose of reimbursing the Letter of Credit Issuer for the related Unpaid Drawing or

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reimbursing the Administrative Agent (or its Affiliate) for the LC Support Agreement Payment, as

applicable. In the event that the Borrower fails to Cash Collateralize any Letter of Credit that is

outstanding on the L/C Facility Maturity Date, the full amount of the Letters of Credit Outstanding in

respect of such Letter of Credit shall be deemed to be an Unpaid Drawing subject to the provisions of

this Section 3.4 except that the Letter of Credit Issuer or the Administrative Agent, as applicable, shall

hold the proceeds received from the L/C Participants as contemplated above as cash collateral for such

Letter of Credit to reimburse any Unpaid Drawing under such Letter of Credit and shall use such proceeds

first, to reimburse itself for any Unpaid Drawings made in respect of such Letter of Credit following the

L/C Facility Maturity Date, second, to the extent such Letter of Credit expires or is returned undrawn

while any such cash collateral remains, to the repayment of obligations in respect of any Revolving Credit

Loans that have not been paid at such time and third, to the Borrower or as otherwise directed by a court

of competent jurisdiction. Nothing in this Section 3.4(a) shall affect the Borrower’s obligation to repay

all outstanding Revolving Credit Loans when due in accordance with the terms of this Agreement.

(b)The obligation of the Borrower to reimburse the Letter of Credit Issuer for each drawing

under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and

irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all

circumstances, including the following:

(i)any lack of validity or enforceability of this Agreement or any of the other Credit

Documents;

(ii)the existence of any claim, set-off, defense or other right that the Borrower may

have at any time against a beneficiary named in a Letter of Credit, any transferee of any Letter of Credit

(or any Person for whom any such transferee may be acting), the Administrative Agent, the Letter of

Credit Issuer, any Lender or other Person, whether in connection with this Agreement, any Letter of

Credit, the transactions contemplated herein or any unrelated transactions (including any underlying

transaction between the Borrower and the beneficiary named in any such Letter of Credit);

(iii)any draft, demand, certificate or other document presented under such Letter of

Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein

being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any

document required in order to make a drawing under such Letter of Credit;

(iv)waiver by the Letter of Credit Issuer of any requirement that exists for the Letter

of Credit Issuer’s protection and not the protection of the Borrower (or other Restricted Subsidiary) or any

waiver by the Letter of Credit Issuer which does not in fact materially prejudice the Borrower (or the

Borrower or other Restricted Subsidiary);

(v)any payment made by the Letter of Credit Issuer in respect of an otherwise

complying item presented after the date specified as the expiration date of, or the date by which

documents must be received under, such Letter of Credit if presentation after such date is authorized by

the Uniform Commercial Code, the ISP or the UCP, as applicable;

(vi)any payment by the Letter of Credit Issuer under such Letter of Credit against

presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit;

or any payment made by the Letter of Credit Issuer under such Letter of Credit to any Person purporting

to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator,

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receiver or other representative of or successor to any beneficiary or any transferee of such Letter of

Credit, including any arising in connection with any proceeding under the Bankruptcy Code;

(vii)honor of a demand for payment presented electronically even if such Letter of

Credit requires that demand be in the form of a draft;

(viii)any adverse change in any relevant exchange rates or in the relevant currency

markets generally; or

(ix)any other circumstance or happening whatsoever, whether or not similar to any of

the foregoing, including any other circumstance that might otherwise constitute a defense available to, or

a discharge of, the Borrower (or other Restricted Subsidiary) (other than the defense of payment or

performance).

(c)The Borrower shall not be obligated to reimburse the Letter of Credit Issuer for any

wrongful payment made by the Letter of Credit Issuer under the Letter of Credit issued by it as a result of

acts or omissions constituting willful misconduct or gross negligence on the part of the Letter of Credit

Issuer as determined in the final non-appealable judgment of a court of competent jurisdiction.

3.5Increased Costs. If, after the Closing Date, any Change in Law shall (x) impose, modify

or make applicable any reserve, deposit, capital adequacy, liquidity or similar requirement against letters

of credit issued by the Letter of Credit Issuer, or any L/C Participant’s L/C Participation therein or (y)

impose on the Letter of Credit Issuer or any L/C Participant any other conditions or costs affecting its

obligations under this Agreement in respect of Letters of Credit or L/C Participations therein or any

Letter of Credit or such L/C Participant’s L/C Participation therein (other than (1) Indemnified Taxes or

(2) Excluded Taxes) on its loans, loan principal, letters of credits, commitments or other obligations, or

its deposits, reserves, other liabilities or capital attributable thereto, and the result of any of the foregoing

is to increase the actual cost to the Letter of Credit Issuer or such L/C Participant of issuing, maintaining

or participating in any Letter of Credit or to reduce the actual amount of any sum received or receivable

by the Letter of Credit Issuer or such L/C Participant hereunder in respect of Letters of Credit or L/C

Participations therein, then, promptly after receipt of written demand to the Borrower by the Letter of

Credit Issuer or such L/C Participant, as the case may be (a copy of which notice shall be sent by the

Letter of Credit Issuer or such L/C Participant to the Administrative Agent (with respect to a Letter of

Credit issued on account of the Borrower (or other Restricted Subsidiary))), the Borrower shall pay to the

Letter of Credit Issuer or such L/C Participant such actual additional amount or amounts as will

compensate the Letter of Credit Issuer or such L/C Participant for such increased cost or reduction, it

being understood and agreed, however, that the Letter of Credit Issuer or an L/C Participant shall not be

entitled to such compensation as a result of such Person’s compliance with, or pursuant to any request or

directive to comply with, any law, rule or regulation as in effect on the Closing Date. A certificate

submitted to the Borrower by the relevant Letter of Credit Issuer or an L/C Participant, as the case may

be (a copy of which certificate shall be sent by the Letter of Credit Issuer or such L/C Participant to the

Administrative Agent) setting forth in reasonable detail the basis for the determination of such actual

additional amount or amounts necessary to compensate the Letter of Credit Issuer or such L/C Participant

as aforesaid, shall be conclusive and binding on the Borrower absent clearly demonstrable error. The

obligations of the Borrower under this Section 3.5 shall survive the payment in full of the Obligations

and the termination of this Agreement.

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3.6New or Successor Letter of Credit Issuer.

(a)The Letter of Credit Issuer may resign as the Letter of Credit Issuer upon 60 days’ prior

written notice to the Administrative Agent, the Lenders and the Borrower. The Borrower may replace

any Letter of Credit Issuer for any reason upon written notice to the Administrative Agent and such

Letter of Credit Issuer. The Borrower may add Letter of Credit Issuers at any time upon notice to the

Administrative Agent. If the Letter of Credit Issuer shall resign or be replaced, or if the Borrower shall

decide to add a new Letter of Credit Issuer under this Agreement, then the Borrower may appoint from

among the Lenders a successor issuer of Letters of Credit or a new Letter of Credit Issuer, as the case

may be, or, with the consent of the Administrative Agent (such consent not to be unreasonably withheld

or delayed), another successor or new issuer of Letters of Credit, whereupon such successor issuer

accepting such appointment shall succeed to the rights, powers and duties of the replaced or resigning

Letter of Credit Issuer under this Agreement and the other Credit Documents, or such new issuer of

Letters of Credit accepting such appointment shall be granted the rights, powers and duties of the Letter

of Credit Issuer hereunder, and the term Letter of Credit Issuer shall mean such successor or such new

issuer of Letters of Credit effective upon such appointment. At the time such resignation or replacement

shall become effective, the Borrower shall pay to the resigning or replaced Letter of Credit Issuer all

accrued and unpaid fees applicable to the Letters of Credit pursuant to Sections 4.1(b) and 4.1(d). The

acceptance of any appointment as the Letter of Credit Issuer hereunder whether as a successor issuer or

new issuer of Letters of Credit in accordance with this Agreement, shall be evidenced by an agreement

entered into by such new or successor issuer of Letters of Credit, in a form reasonably satisfactory to the

Borrower and the Administrative Agent and, from and after the effective date of such agreement, such

new or successor issuer of Letters of Credit shall become the Letter of Credit Issuer hereunder. After the

resignation or replacement of the Letter of Credit Issuer hereunder, the resigning or replaced Letter of

Credit Issuer shall remain a party hereto and shall continue to have all the rights and obligations of the

Letter of Credit Issuer under this Agreement and the other Credit Documents with respect to Letters of

Credit issued by it prior to such resignation or replacement but shall not be required to issue additional

Letters of Credit. In connection with any resignation or replacement pursuant to this clause (a) (but, in

case of any such resignation, only to the extent that a successor issuer of Letters of Credit shall have been

appointed), either (i) the Borrower, the resigning or replaced Letter of Credit Issuer and the successor

issuer of Letters of Credit shall arrange to have any outstanding Letters of Credit issued by the resigning

or replaced Letter of Credit Issuer replaced with Letters of Credit issued by the successor issuer of

Letters of Credit or (ii) the Borrower shall cause the successor issuer of Letters of Credit, if such

successor issuer is reasonably satisfactory to the replaced or resigning Letter of Credit Issuer, to issue

“back-stop” Letters of Credit naming the resigning or replaced Letter of Credit Issuer as beneficiary for

each outstanding Letter of Credit issued by the resigning or replaced Letter of Credit Issuer, which new

Letters of Credit shall be denominated in the same currency as, and shall have a face amount equal to, the

Letters of Credit being back-stopped and the sole requirement for drawing on such new Letters of Credit

shall be a drawing on the corresponding back-stopped Letters of Credit. After any resigning or replaced

Letter of Credit Issuer’s resignation or replacement as Letter of Credit Issuer, the provisions of this

Agreement relating to the Letter of Credit Issuer shall inure to its benefit as to any actions taken or

omitted to be taken by it (A) while it was the Letter of Credit Issuer under this Agreement or (B) at any

time with respect to Letters of Credit issued by such Letter of Credit Issuer.

(b)To the extent there are, at the time of any resignation or replacement as set forth in

clause (a) above, any outstanding Letters of Credit, nothing herein shall be deemed to impact or impair

any rights and obligations of any of the parties hereto with respect to such outstanding Letters of Credit

(including, without limitation, any obligations related to the payment of Fees or the reimbursement or

funding of amounts drawn), except that the Borrower, the resigning or replaced Letter of Credit Issuer and

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the successor issuer of Letters of Credit shall have the obligations regarding outstanding Letters of Credit

described in clause (a) above.

3.7Role of Letter of Credit Issuer. Each Lender and the Borrower agree that, in paying any

drawing under a Letter of Credit, the Letter of Credit Issuer shall not have any responsibility to obtain

any document (other than any sight draft, certificates and documents expressly required by the Letter of

Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of

the Person executing or delivering any such document. None of the Letter of Credit Issuer, the

Administrative Agent, any of their respective Affiliates nor any correspondent, participant or assignee of

the Letter of Credit Issuer shall be liable to any Lender for (i) any action taken or omitted in the absence

of gross negligence or willful misconduct as determined in the final non-appealable judgment of a court

of competent jurisdiction or (ii) the due execution, effectiveness, validity or enforceability of any

document or instrument related to any Letter of Credit or Issuer Document. The Borrower hereby

assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any

Letter of Credit; provided that this assumption is not intended to, and shall not, preclude the Borrower’s

pursuit of such rights and remedies as it may have against the beneficiary or transferee at law or under

any other agreement. None of the Letter of Credit Issuer, the Administrative Agent, any of their

respective Affiliates nor any correspondent, participant or assignee of the Letter of Credit Issuer shall be

liable or responsible for any of the matters described in Section 3.3(b); provided that anything in such

Section to the contrary notwithstanding, the Borrower may have a claim against a Letter of Credit Issuer,

and a Letter of Credit Issuer may be liable to the Borrower, to the extent, but only to the extent, of any

direct, as opposed to consequential or exemplary, damages suffered by the Borrower which the Borrower

proves were caused by such Letter of Credit Issuer’s willful misconduct or gross negligence or such

Letter of Credit Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the

beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter

of Credit in each case as determined in the final non-appealable judgment of a court of competent

jurisdiction. In furtherance and not in limitation of the foregoing, the Letter of Credit Issuer may accept

documents that appear on their face to be in order, without responsibility for further investigation,

regardless of any notice or information to the contrary, and the Letter of Credit Issuer shall not be

responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to

transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in

part, which may prove to be invalid or ineffective for any reason.

The Letter of Credit Issuer may send a Letter of Credit or conduct any communication to or from

the beneficiary via the Society for Worldwide Interbank Financial Telecommunication (SWIFT) message

or overnight courier, or any other commercially reasonable means of communicating with a beneficiary.

3.8Cash Collateral.

(a)Certain Credit Support Events. Upon the written request of the Administrative Agent or

the Letter of Credit Issuer, if (i) as of the L/C Facility Maturity Date, any L/C Obligation for any reason

remains outstanding, (ii) the Borrower shall be required to provide Cash Collateral pursuant to

Section 11.13 or (iii) the provisions of Section 2.16(a)(v) are in effect, the Borrower shall immediately

(in the case of clause (ii) above) or within one Business Day (in all other cases), following any written

request by the Administrative Agent or the Letter of Credit Issuer, provide Cash Collateral in an amount

not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral

provided pursuant to clause (iii) above, after giving effect to Section 2.16(a)(iv) and any Cash Collateral

provided by the Defaulting Lender).

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(b)Grant of Security Interest. The Borrower, and to the extent provided by any Defaulting

Lender, such Defaulting Lender, hereby grant to (and subject to the control of) the Administrative Agent,

for the benefit of the Administrative Agent, the Letter of Credit Issuer and the Revolving Credit Lenders,

and agree to maintain, a first priority security interest in all such cash, deposit accounts and all balances

therein as described in Section 3.8(a), and all other property so provided as collateral pursuant hereto,

and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may

be applied pursuant to Section 3.8(c). If at any time the Administrative Agent determines that Cash

Collateral is subject to any right or claim of any Person other than the Administrative Agent or the Letter

of Credit Issuer as herein provided, other than Permitted Liens, or that the total amount of such Cash

Collateral is less than the Minimum Collateral Amount (including, without limitation, as a result of

exchange rate fluctuations), the Borrower will, promptly upon written demand by the Administrative

Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to

eliminate such deficiency. Cash Collateral shall be maintained in blocked, interest-bearing deposit

accounts with the Administrative Agent. The Borrower shall pay on demand therefor from time to time

all customary account opening, activity and other administrative fees and charges in connection with the

maintenance and disbursement of Cash Collateral.

(c)Application. Notwithstanding anything to the contrary contained in this Agreement,

Cash Collateral provided under any of this Section 3.8 or Sections 2.16, 5.2 or 11.13 in respect of Letters

of Credit shall be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund

participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest

accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to

any other application of such property as may otherwise be provided for herein.

(d)Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting

Exposure or to secure other obligations shall be released promptly following (i) the elimination of the

applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of

Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance

with Section 13.6(b)(ii)) or there is no longer existing an Event of Default) or (ii) the determination by

the Administrative Agent and the Letter of Credit Issuer that there exists excess Cash Collateral.

3.9Applicability of ISP and UCP. Unless otherwise expressly agreed by the Letter of Credit

Issuer and the Borrower when a Letter of Credit is issued, (i) the rules of the ISP shall apply to each

standby Letter of Credit and (ii) the rules of the Uniform Customs and Practice for Documentary Credits,

as most recently published by the International Chamber of Commerce at the time of issuance, shall

apply to each commercial Letter of Credit. Notwithstanding the foregoing, the Letter of Credit Issuer

shall not be responsible to the Borrower for, and the Letter of Credit Issuer’s rights and remedies against

the Borrower shall not be impaired by, any action or inaction of the Letter of Credit Issuer required or

permitted under any law, order or practice that is required or permitted to be applied to any Letter of

Credit or this Agreement, including the applicable law or any order of a jurisdiction where the Letter of

Credit Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the

decisions, opinions, practice statements or official commentary of the ICC Banking Commission, the

Bankers Association for Finance and Trade - International Financial Services Association (BAFT-IFSA),

or the Institute of International Banking Law & Practice, whether or not any Letter of Credit Issuer

chooses such law or practice.

3.10Conflict with Issuer Documents. In the event of any conflict between the terms hereof

and the terms of any Issuer Document, the terms hereof shall control and any grant of security interest in

any Issuer Documents shall be void.

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3.11Letters of Credit Issued for Restricted Subsidiaries. Notwithstanding that a Letter of

Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, the

Borrower or a Restricted Subsidiary, the Borrower shall be obligated to reimburse the Letter of Credit

Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby

acknowledges that the issuance of Letters of Credit for the account of the Borrower or any other

Restricted Subsidiaries inures to the benefit of the Borrower and that the Borrower’s business derives

substantial benefits from the businesses of the Borrower and the other Restricted Subsidiaries.

3.12Provisions Related to Extended Revolving Credit Commitments. If the Letter of Credit

Expiration Date in respect of any tranche of Revolving Credit Commitments occurs prior to the expiry

date of any Letter of Credit, then (i) if consented to by the Letter of Credit Issuer which issued such

Letter of Credit, if one or more other tranches of Revolving Credit Commitments in respect of which the

Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for

which consent has been obtained shall automatically be deemed to have been issued (including for

purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to

make Revolving Credit Loans and payments in respect thereof pursuant to Sections 3.3 and 3.4) under

(and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of

such non-terminating tranches up to an aggregate amount not to exceed the aggregate amount of the

unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial

face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant

to immediately preceding clause (i), the Borrower shall Cash Collateralize any such Letter of Credit in

accordance with Section 3.8. Upon the maturity date of any tranche of Revolving Credit Commitments,

the sublimit for Letters of Credit may be reduced as agreed between the Letter of Credit Issuer and the

Borrower, without the consent of any other Person.

Section 4.Fees

4.1Fees.

(a)Without duplication, the Borrower agrees to pay to the Administrative Agent in Dollars,

for the account of each Revolving Credit Lender (in each case pro rata according to the respective

Revolving Credit Commitments of all such Lenders), a commitment fee (the “Commitment Fee”) for

each day from the Closing Date to the Revolving Credit Termination Date. Each Commitment Fee shall

be payable (x) quarterly in arrears on the last Business Day of each fiscal quarter of the Borrower (for the

quarterly period (or portion thereof) ended on such day for which no payment has been received) and

(y) on the Revolving Credit Termination Date (for the period ended on such date for which no payment

has been received pursuant to clause (x) above), and shall be computed for each day during such period at

a rate per annum equal to the Commitment Fee Rate in effect on such day on the Available Commitment

in effect on such day.

(b)Without duplication, the Borrower agrees to pay to the Administrative Agent in Dollars

for the account of the Revolving Credit Lenders pro rata on the basis of their respective Letter of Credit

Exposure, a fee in respect of each Letter of Credit issued on the Borrower’s or any of the other Restricted

Subsidiaries’ behalf (the “Letter of Credit Fee”), for the period from the date of issuance of such Letter

of Credit to the termination date of such Letter of Credit computed at the per annum rate for each day

equal to the Applicable Margin for Benchmark Rate Revolving Credit Loans. Except as provided below,

such Letter of Credit Fees shall be due and payable (x) quarterly in arrears on the last Business Day of

each fiscal quarter of the Borrower and (y) on the date upon which the Total Revolving Credit

Commitment terminates and the Letters of Credit Outstanding shall have been reduced to zero.

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(c)Without duplication, the Borrower agrees to pay to the Administrative Agent in Dollars,

for its own account, administrative agent fees as have been previously agreed in writing or as may be

agreed in writing from time to time.

(d)Without duplication, the Borrower agrees to pay to the Letter of Credit Issuer a fronting

fee in Dollars in respect of each Letter of Credit issued by it to the Borrower (the “Fronting Fee”) (i)

with respect to each commercial Letter of credit, equal to 0.125% of the amount of such Letter of Credit

or such other amount to be agreed in writing between the Borrower and such Letter of Credit Issuer and

(x) with respect to each standby Letter of Credit, for the period from the date of issuance of such Letter of

Credit to the termination date of such Letter of Credit, computed at the rate for each day equal to 0.125%

on the average daily Stated Amount of such Letter of Credit (or at such other rate per annum as agreed in

writing between the Borrower and the Letter of Credit Issuer). Such Fronting Fees shall be due and

payable (x) quarterly in arrears on the last Business Day of each fiscal quarter of the Borrower and (y)

on the date upon which the Total Revolving Credit Commitment terminates and the Letters of Credit

Outstanding shall have been reduced to zero.

(e)Without duplication, the Borrower shall pay to each Letter of Credit Issuer, as

appropriate, on demand, such Letter of Credit Issuer’s other customary fees at then prevailing rates,

without duplication of fees otherwise payable hereunder (including all per annum fees), charges and

expenses of such Letter of Credit Issuer in respect of the application for, and the issuance, negotiation,

acceptance, amendment, transfer and payment of, each Letter of Credit or otherwise payable pursuant to

the application and related documentation under which such Letter of Credit is issued.

(f)During the period commencing on the Closing Date and ending on, and including, the

Delayed Draw Term Loan Commitment Termination Date, the Borrower agrees to pay to the

Administrative Agent, for the account of each Delayed Draw Term Loan Lender with an outstanding

Delayed Draw Term Loan Commitment, a ticking fee equal to 1.00% per annum of the average daily

unused amount of such Delayed Draw Term Loan Lender’s Delayed Draw Term Loan Commitments in

effect during such period. Ticking fees that have accrued pursuant to this Section 4.1(f) to the last day of

March, June, September, and December of each year (and, with respect to the payment to be made on the

Delayed Draw Term Loan Commitment Termination Date, ticking fees that have accrued to such date)

shall be payable in arrears on the last day of March, June, September, and December of each year and on

the Delayed Draw Term Loan Commitment Termination Date, with such first payment being due on

March 31, 2025; provided that no such ticking fee shall accrue on the Delayed Draw Term Loan

Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. All ticking fees

shall be computed on the basis of a year of three hundred sixty (360) days and shall be payable for the

actual number of days elapsed (including the first day but excluding the last day).

(g)Notwithstanding the foregoing, the Borrower shall not be obligated to pay any amounts to

any Defaulting Lender pursuant to this Section 4.1, except to the extent provided in Section 2.16(a)(iii).

4.2Voluntary Reduction of Revolving Credit Commitments and Delayed Draw Term Loan

Commitments. Upon at least two Business Days’ prior written notice to the Administrative Agent at the

Administrative Agent’s Office (which notice the Administrative Agent shall promptly transmit to each of

the Lenders), the Borrower has the right, without premium or penalty, on any day, permanently to

terminate or reduce the Delayed Draw Term Loan Commitments and/or the Revolving Credit

Commitments, as applicable, in whole or in part; provided that (a) any such reduction shall apply

proportionately and permanently to reduce the Delayed Draw Term Loan Commitments and/or the

Revolving Credit Commitment, as applicable, of each of the Lenders of any applicable Class, except that

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(i) notwithstanding the foregoing, in connection with the establishment on any date of any Extended

Revolving Credit Commitments pursuant to Section 2.14(g), the Revolving Credit Commitments of any

one or more Lenders providing any such Extended Revolving Credit Commitments on such date shall be

reduced in an amount equal to the amount of Revolving Credit Commitments so extended on such date

(provided that (x) after giving effect to any such reduction and to the repayment of any Revolving Credit

Loans made on such date, the Revolving Credit Exposure of any such Lender does not exceed the

Revolving Credit Commitment thereof and (y) for the avoidance of doubt, any such repayment of

Revolving Credit Loans contemplated by the preceding clause shall be made in compliance with the

requirements of Section 5.3(a) with respect to the ratable allocation of payments hereunder, with such

allocation being determined after giving effect to any conversion pursuant to Section 2.14(g) of

Revolving Credit Commitments and Revolving Credit Loans into Extended Revolving Credit

Commitments and Extended Revolving Credit Loans pursuant to Section 2.14(g) prior to any reduction

being made to the Revolving Credit Commitment of any other Lender) and (ii) the Borrower may at its

election permanently reduce the Revolving Credit Commitment of a Defaulting Lender to $0 without

affecting the Revolving Credit Commitments of any other Lender, (b) any partial reduction pursuant to

this Section 4.2 shall be in the amount of at least $5,000,000, and (c) after giving effect to such

termination or reduction and to any prepayments of the Loans made on the date thereof in accordance

with this Agreement, the aggregate amount of the Lenders’ Revolving Credit Exposures shall not exceed

the Total Revolving Credit Commitment and the aggregate amount of the Lenders’ Revolving Credit

Exposures in respect of any Class shall not exceed the aggregate Revolving Credit Commitment of such

Class.

4.3Mandatory Termination of Commitments.

(a)The Initial Term Loan Commitments shall terminate on the Closing Date upon the

Borrowing of the Initial Term Loans. The Amendment No. 1 Incremental Term Loan Commitments

shall terminate on the Amendment No. 1 Effective Date upon the Borrowing of the Amendment

No. 1 Incremental Term Loans.

(b)Unless previously terminated or extended, the Delayed Draw Term Loan Commitments

shall terminate on the Delayed Draw Term Loan Commitment Termination Date and the Delayed Draw

Term Loan Commitments of each Lender shall be reduced by the aggregate principal amount of Delayed

Draw Term Loans funded by such Lender.

(c)[Reserved].

(d)The Revolving Credit Commitment shall terminate at 5:00 p.m. (New York City time) on

the Revolving Credit Maturity Date.

(e)The Swingline Commitment shall terminate at 5:00 p.m. (New York City time) one

Business Day prior to the Swingline Maturity Date.

(f)The New Loan Commitment for any Series shall, unless otherwise provided in the

applicable Joinder Agreement, terminate at 5:00 p.m. (New York City time) on the Increased Amount

Date for such Series.

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Section 5.Payments

5.1Voluntary Prepayments.

(a)The Borrower has the right to prepay Loans, including Term Loans and Revolving Credit

Loans, as applicable, in each case, other than as set forth in Section 5.1(b), without premium or penalty,

in whole or in part from time to time on the following terms and conditions: (1) the Borrower shall give

the Administrative Agent at the Administrative Agent’s Office written notice of its intent to make such

prepayment, the amount of such prepayment and (in the case of Benchmark Rate Loans) the specific

Borrowing(s) pursuant to which made, which notice shall be given by the Borrower no later than 12:00

noon (New York City time) (i) in the case of Benchmark Rate Loans, three Business Days prior to, (ii) in

the case of ABR Loans (other than Swingline Loans), one Business Day prior to the date of such

prepayment and shall promptly be transmitted by the Administrative Agent to each of the Lenders and

(iii) in the case of Swingline Loans, on the date of such prepayment and shall be transmitted by the

Administrative Agent to each of the Lenders or the Swingline Lender, as the case may be; (2) each partial

prepayment of (i) any Borrowing of Benchmark Rate Loans shall be in a minimum amount of $1,000,000

and in multiples of $1,000,000 in excess thereof, (ii) any ABR Loans (other than Swingline Loans) shall

be in a minimum amount of $1,000,000 and in multiples of $1,000,000 in excess thereof and (iii)

Swingline Loans shall be in a minimum of $500,000 and in multiples of $100,000 in excess thereof,

provided that no partial prepayment of Benchmark Rate Loans made pursuant to a single Borrowing shall

reduce the outstanding Benchmark Rate Loans made pursuant to such Borrowing to an amount less than

the applicable Minimum Borrowing Amount for such Benchmark Rate Loans, and (3) in the case of any

prepayment of Benchmark Rate Loans pursuant to this Section 5.1 on any day other than the last day of

an Interest Period applicable thereto, the Borrower shall, promptly after receipt of a written request by

any applicable Lender (which request shall set forth in reasonable detail the basis for requesting such

amount), pay to the Administrative Agent for the account of such Lender any amounts required pursuant

to Section 2.11. Each prepayment in respect of any Term Loans pursuant to this Section 5.1 shall be

(a) applied to the Class or Classes of Term Loans as the Borrower may specify and (b) applied to reduce

Term Loan Repayment Amounts, any New Term Loan Repayment Amounts, and, subject to

Section 2.14(g), Extended Term Loan Repayment Amounts, as the case may be, in each case, in such

order as the Borrower may specify; provided that, if the Borrower does not specify the application of

prepayments in respect of any Term Loans, such prepayments shall be applied ratably to reduce the

Initial Term Loans, Delayed Draw Term Loans and New Term Loans in direct order of maturity.

(b)In the event that, prior to the first anniversary of the Closing Date, the Borrower makes

any prepayment of Initial Term Loans or Delayed Draw Term Loans pursuant to Section 5.1(a), Section

5.2(a)(i), Section 13.7 or the Loans are accelerated pursuant to Section 11, the Borrower shall pay to the

Administrative Agent, for the ratable account of each of the applicable Lenders, a prepayment premium

of (i) 1.00% of the principal amount of the Initial Term Loans or Delayed Draw Term Loans, as

applicable, being so prepaid or accelerated, and (ii) thereafter, 0.00%; provided that any prepayment made

in connection with a Change of Control, IPO or Transformative Transaction shall not be subject to this

clause (b) and not require any prepayment premium.

5.2Mandatory Prepayments.

(a)Term Loan Prepayments.

(i)On each occasion that a Prepayment Event occurs, the Borrower shall, within

three Business Days after receipt of the Net Cash Proceeds of a Debt Incurrence Prepayment Event (other

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than one covered by clause (iii) below) and within ten Business Days after the occurrence of any other

Prepayment Event (or, in the case of Deferred Net Cash Proceeds, within ten Business Days after the

Deferred Net Cash Proceeds Payment Date), prepay, in accordance with clause (c) below, Term Loans

with an equivalent principal amount equal to 100% of the Net Cash Proceeds from such Prepayment

Event; provided that, with respect to the Net Cash Proceeds of an Asset Sale Prepayment Event or

Casualty Event, in each case solely to the extent with respect to any Collateral, the Borrower may use a

portion of such Net Cash Proceeds to prepay or repurchase Permitted Other Indebtedness (and with such

prepaid or repurchased Permitted Other Indebtedness permanently extinguished) with a Lien on the

Collateral ranking equal with the Liens securing the Obligations to the extent any applicable Permitted

Other Indebtedness Document requires the issuer of such Permitted Other Indebtedness to prepay or

make an offer to purchase such Permitted Other Indebtedness with the proceeds of such Prepayment

Event, in each case in an amount not to exceed the product of (x) the amount of such Net Cash Proceeds

multiplied by (y) a fraction, the numerator of which is the outstanding principal amount of the Permitted

Other Indebtedness with a Lien on the Collateral ranking equal with the Liens securing the Obligations

and with respect to which such a requirement to prepay or make an offer to purchase exists and the

denominator of which is the sum of the outstanding principal amount of such Permitted Other

Indebtedness and the outstanding principal amount of Term Loans.

(ii)Not later than ten Business Days after the date on which financial statements are

required to be delivered pursuant to Section 9.1(a) for any fiscal year (commencing with the fiscal year

ending December 31, 2025), the Borrower shall prepay (or cause to be prepaid), in accordance with

clause (c) below, Term Loans with a principal amount equal to (x) 50% of Excess Cash Flow for such

fiscal year; provided that (A) the percentage in this Section 5.2(a)(ii) shall be reduced to 25% if the

Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio on the date of prepayment (prior to

giving effect thereto but at the election of the Borrower, giving effect to any prepayment described in

clause (y) below and as certified by an Authorized Officer of the Borrower) for the most recent Test

Period ended prior to such prepayment date is less than or equal to 4.50 to 1.00 but greater than 4.00 to

1.00 and (B) no payment of any Term Loans shall be required under this Section 5.2(a)(ii) if the

Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio on the date of prepayment (prior to

giving effect thereto but, at the election of the Borrower, giving effect to any prepayment described in

clause (y) below and as certified by an Authorized Officer of the Borrower) for the most recent Test

Period ended prior to such prepayment date is less than or equal to 4.00 to 1.00, minus, at the election of

the Borrower (y) (i) the principal amount of Term Loans voluntarily prepaid pursuant to Section 5.1 or

Section 13.6 or, voluntary prepayments of Permitted Other Indebtedness or other Indebtedness secured

by a Lien on the Collateral ranking equal with the Liens securing the Obligations (in each case, including

purchases of such Indebtedness by Intermediate Holdings and its Subsidiaries at, equal to or below par,

in which case the amount of voluntary prepayments shall be deemed equal to the face amount of such

Indebtedness being retired) during such fiscal year subject to the immediately succeeding proviso or after

such fiscal year and prior to the date of the required Excess Cash Flow payment (provided that, at the

election of the Borrower, any such voluntary prepayments in respect of the Term Loans that have not

been applied to reduce the payments which may be due from time to time pursuant to this Section

5.2(a)(ii) shall be carried over to the immediately succeeding periods, and may reduce the payments due

from time to time pursuant to this Section 5.2(a)(ii) during such subsequent periods, until such time as

such voluntary prepayments reduce such payments which may be due from time to time) and (ii) to the

extent accompanied by permanent optional reductions of Revolving Credit Commitments, Extended

Revolving Credit Commitments or Incremental Revolving Credit Commitments, as applicable, Revolving

Credit Loans, Swingline Loans, Extended Revolving Credit Loans, Incremental Revolving Credit Loans,

in each case, other than to the extent any such prepayment is funded with the proceeds of Funded Debt

(other than Revolving Credit Loans) or from any Cure Amount; provided that, prior to the making of

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such Excess Cash Flow prepayment, any such prepayment amount shall, in each case without duplication

of any such reduction from the definition of “Excess Cash Flow” by such amounts, be reduced on a

dollar-for-dollar basis for such fiscal year by the aggregate amount of clauses (ii)(b), (f), (g), (h) and (j)

of the definition of “Excess Cash Flow” for such fiscal year); provided, further, that prepayments under

this Section 5.2(a)(ii) shall only be required if the required prepayment is in excess of the greater of

(x) $4,000,000 and (y) 10% of Consolidated EBITDA (calculated on a Pro Forma Basis), in the aggregate

and solely to the amount of such required prepayment in excess thereof.

(iii)On each occasion that Permitted Other Indebtedness is issued or incurred

pursuant to Section 10.1(u), the Borrower shall within three Business Days of receipt of the Net Cash

Proceeds of such Permitted Other Indebtedness prepay, in accordance with clause (c) below, Term Loans

with a principal amount equal to 100% of the Net Cash Proceeds from such issuance or incurrence of

Permitted Other Indebtedness.

(iv)Notwithstanding any other provisions of this Section 5.2, (A) to the extent that

any or all of the Net Cash Proceeds of any Prepayment Event by a Foreign Subsidiary giving rise to a

prepayment pursuant to clause (i) above (a “Foreign Subsidiary Prepayment Event”) or Excess Cash

Flow are prohibited or delayed by any Requirements of Law from being repatriated to the Credit Parties,

an amount equal to the portion of such Net Cash Proceeds or Excess Cash Flow so affected will not be

required to be applied to repay Loans at the times provided in clauses (i) and (ii) above, as the case may

be, but only so long as the applicable Requirements of Law will not permit repatriation to the Credit

Parties (the Credit Parties hereby agreeing to cause the applicable Subsidiary to promptly take all

commercially reasonable actions available under the applicable Requirements of Law to permit

repatriation and/or minimize any such delays in order to make the relevant prepayment), and once a

repatriation of any of such affected Net Cash Proceeds or Excess Cash Flow is permitted under the

applicable Requirements of Law, an amount equal to such Net Cash Proceeds or Excess Cash Flow will

be promptly (and in any event not later than ten Business Days after such repatriation is permitted)

applied (net of any taxes that would be payable or reserved against if such amounts were actually

repatriated whether or not they are repatriated) to the repayment of the Loans pursuant to clauses (i) and

(ii) above, as applicable, and (B) to the extent that the Borrower has determined in good faith that

repatriation of any of or all the Net Cash Proceeds of any Foreign Subsidiary Prepayment Event or

Excess Cash Flow would have a material adverse tax consequence with respect to such Net Cash

Proceeds or Excess Cash Flow, an amount equal to the Net Cash Proceeds or Excess Cash Flow so

affected may be retained by the applicable Subsidiary; provided that in the case of this clause (B), on or

before the date on which any Net Cash Proceeds from any Foreign Subsidiary Prepayment Event so

retained would otherwise have been required to be applied to reinvestments or prepayments pursuant to

clause (i) above or, in the case of Excess Cash Flow, a date on or before the date that is eighteen months

after the date an amount equal to such Excess Cash Flow would have so required to be applied to

prepayments pursuant to clause (ii) above unless previously actually repatriated in which case such

repatriated, Excess Cash Flow shall have been promptly applied to the repayment of the Term Loans

pursuant to clause (ii) above, (x) the Borrower shall apply an amount equal to such Net Cash Proceeds or

Excess Cash Flow to such reinvestments or prepayments as if such Net Cash Proceeds or Excess Cash

Flow had been received by the Credit Parties rather than such Subsidiary, less the amount of any taxes

that would have been payable or reserved against if such Net Cash Proceeds or Excess Cash Flow had

been repatriated (or, if less, the Net Cash Proceeds or Excess Cash Flow that would be calculated if

received by such Subsidiary) or (y) such Net Cash Proceeds or Excess Cash Flow shall be applied to the

repayment of Indebtedness of a Subsidiary that is not a Credit Party. For the avoidance of doubt, nothing

in this Agreement, including Section 5 shall be construed to require any Subsidiary to repatriate cash.

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(b)Repayment of Revolving Credit Loans. If on any date the aggregate amount of the

Lenders’ Revolving Credit Exposures in respect of any Class of Revolving Loans for any reason exceeds

100% of the Revolving Credit Commitment of such Class then in effect, the Borrower shall forthwith

repay on such date Revolving Loans of such Class in an amount equal to such excess. If after giving

effect to the prepayment of all outstanding Revolving Loans of such Class, the Revolving Credit

Exposures of such Class exceed the Revolving Credit Commitment of such Class then in effect, the

Borrower shall Cash Collateralize the Letters of Credit Outstanding in relation to such Class to the extent

of such excess.

(c)Application to Repayment Amounts. Subject to Section 5.2(f), each prepayment of Term

Loans required by Section 5.2(a)(i) or (ii) shall be allocated pro rata among the Initial Term Loans, the

Delayed Draw Term Loans, the New Term Loans and the Extended Term Loans based on the applicable

remaining Repayment Amounts due thereunder and shall be applied within each Class of Term Loans in

respect of such Term Loans in direct order of maturity thereof; provided that the Borrower may allocate a

lesser proportion of such prepayment in its sole discretion to any later maturing Class or tranche of Term

Loans (including New Term Loans and/or Extended Term Loans, but excluding the Initial Term Loans

and the Delayed Draw Term Loans) than to any Class or tranche of Term Loans maturing on any earlier

date. Subject to Section 5.2(f), with respect to each such prepayment, the Borrower will, not later than

the date specified in Section 5.2(a) for making such prepayment, give the Administrative Agent written

notice which shall include a calculation of the amount of such prepayment to be applied to each Class of

Term Loans requesting that the Administrative Agent provide notice of such prepayment to each Initial

Term Loan Lender, Delayed Draw Term Loan Lender, New Term Loan Lender or Lender of Extended

Term Loans, as applicable.

(d)Application to Term Loans. With respect to each prepayment of Term Loans required by

Section 5.2(a), the Borrower may, if applicable, designate the Types of Loans that are to be prepaid and

the specific Borrowing(s) pursuant to which made; provided, that if any Lender has provided a Rejection

Notice in compliance with Section 5.2(f), such prepayment shall be applied with respect to the Term

Loans to be prepaid on a pro rata basis across all outstanding Types of such Term Loans in proportion to

the percentage of such outstanding Term Loans to be prepaid represented by each such Class. In the

absence of a Rejection Notice or a designation by the Borrower as described in the preceding sentence,

the Administrative Agent shall, subject to the above, make such designation in its reasonable discretion

with a view, but no obligation, to minimize breakage costs owing under Section 2.11.

(e)Application to Revolving Credit Loans. With respect to each prepayment of Revolving

Credit Loans, the Borrower may designate (i) the Types of Loans that are to be prepaid and the specific

Borrowing(s) pursuant to which made and (ii) the Revolving Loans to be prepaid; provided that (y) each

prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans; and

(z)notwithstanding the provisions of the preceding clause (y), no prepayment of Revolving Loans

shall be applied to the Revolving Credit Loans of any Defaulting Lender unless otherwise agreed in

writing by the Borrower. In the absence of a designation by the Borrower as described in the preceding

sentence, the Administrative Agent shall, subject to the above, make such designation in its reasonable

discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.11.

(f)Rejection Right. The Borrower shall notify the Administrative Agent in writing of any

mandatory prepayment of Term Loans required to be made pursuant to Section 5.2(a) at least three

Business Days prior to the date of such prepayment. Each such notice shall specify the date of such

prepayment and provide a reasonably detailed calculation of the amount of such prepayment. The

Administrative Agent will promptly notify each Lender holding Term Loans of the contents of such

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prepayment notice and of such Lender’s pro rata share of the prepayment. Each Term Loan Lender may

reject all (but not less than all) of its pro rata share of any mandatory prepayment other than any such

mandatory prepayment with respect to a Debt Incurrence Prepayment Event under Section 5.2(a)(i) or

Permitted Other Indebtedness under Section 5.2(a)(iii) (such declined amounts, the “Declined

Proceeds”) of Term Loans required to be made pursuant to Section 5.2(a) by providing written notice

(each, a “Rejection Notice”) to the Administrative Agent no later than 5:00 p.m. (New York City time)

two Business Days after the date of such Lender’s receipt of notice from the Administrative Agent

regarding such prepayment. If a Lender fails to deliver a Rejection Notice to the Administrative Agent

within the time frame specified above, any such failure will be deemed an acceptance of the total amount

of such mandatory prepayment of Term Loans. Any Declined Proceeds remaining shall thereafter be

retained by the Borrower.

5.3Method and Place of Payment.

(a)Except as otherwise specifically provided herein, all payments under this Agreement

shall be made by the Borrower, without set-off, counterclaim or deduction of any kind, to the

Administrative Agent for the ratable account of the Lenders entitled thereto (or, in the case of the

Swingline Loans to the Swingline Lender) or the Letter of Credit Issuer entitled thereto, as the case may

be, not later than 12:00 noon (New York City time), in each case, on the date when due and shall be made

in immediately available funds at the Administrative Agent’s Office or at such other office as the

Administrative Agent shall specify for such purpose by notice to the Borrower (or in the case of the

Swingline Loans, at such office as the Swingline Lender shall specify for such purpose by Notice to the

Borrower), it being understood that written or facsimile notice by the Borrower to the Administrative

Agent to make a payment from the funds in the Borrower’s account(s) at the Administrative Agent’s

Office shall constitute the making of such payment to the extent of such funds held in such account. All

repayments or prepayments of any Loans (whether of principal, interest or otherwise) hereunder shall be

made in the currency in which such Loans are denominated and all other payments under each Credit

Document shall, unless otherwise specified in such Credit Document, be made in Dollars. The

Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually

received by the Administrative Agent prior to 12:00 noon (New York City time) or, otherwise, on the

next Business Day in the Administrative Agent’s sole discretion) like funds relating to the payment of

principal or interest or Fees ratably to the Lenders entitled thereto.

(b)Any payments under this Agreement that are made later than 12:00 noon (New York City

time) may be deemed to have been made on the next succeeding Business Day in the Administrative

Agent’s sole discretion for purposes of calculating interest thereon (or, in the case of the Swingline

Loans, at the Swingline Lender’s sole discretion). Except as otherwise provided herein, whenever any

payment to be made hereunder shall be stated to be due on a day that is not a Business Day, the due date

thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal,

interest shall be payable during such extension at the applicable rate in effect immediately prior to such

extension.

5.4Net Payments.

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

(i)Any and all payments by or on account of any obligation of any Credit Parties

hereunder or under any other Credit Document shall, except as required by applicable laws, be made free

and clear of and without reduction or withholding for any Taxes.

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(ii)If any Withholding Agent shall be required by applicable law (as determined in

the good faith discretion of such Withholding Agent) to withhold or deduct any Taxes from any payment,

then (A) such Withholding Agent shall be entitled to withhold or make such deductions as are reasonably

determined by such Withholding Agent to be required by applicable law, (B) such Withholding Agent

shall timely pay the full amount withheld or deducted to the relevant Governmental Authority, and (C) to

the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable

by the applicable Credit Party shall be increased as necessary so that after any required withholding or

deductions have been made (including withholding or deductions applicable to additional sums payable

under this Section 5.4) each Lender (or, in the case of a payment to the Administrative Agent for its own

account, the Administrative Agent) receives an amount equal to the sum it would have received had no

such withholding or deductions been made.

(b)Payment of Other Taxes by the Credit Parties. Without limiting or duplicating the

provisions of subsection (a) above, the Credit Parties shall timely pay any Other Taxes to the relevant

Governmental Authority in accordance with applicable law or timely reimburse the Administrative Agent

or any Lender for the payment of any Other Taxes.

(c)Indemnification by the Credit Parties. Without limiting or duplicating the provisions of

subsection (a) or (b) above, the Credit Parties shall indemnify the Administrative Agent and each Lender,

and shall make payment in respect thereof within 15 days after demand therefor, for the full amount of

Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts

payable under this Section 5.4) payable or paid by the Administrative Agent or such Lender, or required

to be withheld or deducted from a payment to the Administrative Agent or such Lender, as the case may

be, and any reasonable expenses arising therefrom or with respect thereto whether or not such

Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.

A certificate as to the amount of any such payment or liability (along with a written statement setting

forth in reasonable detail the basis and calculation of such amounts) 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. If the Borrower reasonably believes that

any such Indemnified Taxes were not correctly or legally asserted, the Administrative Agent and/or each

affected Lender will use reasonable efforts to cooperate with the Borrower in pursuing a refund of such

Indemnified Taxes so long as such efforts would not, in the sole determination of the Administrative

Agent or affected Lender, result in any additional costs, expenses or risks or be otherwise

disadvantageous to it.

(d)Evidence of Payments. As soon as practicable after any payment of Taxes by any Credit

Party or the Administrative Agent to a Governmental Authority as provided in this Section 5.4, 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 any return required by laws to

report such payment or other evidence of such payment reasonably satisfactory to the Administrative

Agent.

(e)Status of Lenders and Tax Documentation.

(i)Each Lender shall deliver to the Borrower and to the Administrative Agent, at

such time or times reasonably requested by the Borrower or the Administrative Agent, such properly

completed and executed documentation prescribed by applicable laws or by the taxing authorities of any

jurisdiction and such other reasonably requested information as will permit the Borrower or the

Administrative Agent, as the case may be, to determine (A) whether or not any payments made hereunder

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or under any other Credit Document are subject to backup withholding or information reporting

requirements, (B) if applicable, the required rate of withholding or deduction and (C) such Lender’s

entitlement to any available exemption from, or reduction of, applicable Taxes in respect of any

payments to be made to such Lender by any Credit Party pursuant to any Credit Document or otherwise

to establish such Lender’s status for withholding tax purposes in the applicable jurisdiction.

Notwithstanding anything to the contrary in the preceding sentence, the completion, execution and

submission of such documentation (other than such documentation set forth in Sections 5.4(e)(ii)(A),

(B)(1), (B)(2), (B)(3), (B)(4), and (C) below) shall not be required if in such Lender’s or the

Administrative Agent’s reasonable judgment such completion, execution or submission would subject

such Lender or the Administrative Agent to any material unreimbursed cost or expense or would

materially prejudice the legal or commercial position of such Lender or the Administrative Agent. Any

documentation and information required to be delivered by a Lender pursuant to this Section 5.4(e)

(including any specific documentation set forth in subsection (ii) below) shall be delivered by such

Lender (i) on or prior to the Closing Date (or on or prior to the date it becomes a party to this

Agreement), (ii) on or before any date on which such documentation expires or becomes obsolete or

invalid, (iii) after the occurrence of any change in the Lender’s circumstances requiring a change in the

most recent documentation previously delivered by it to the Borrower and the Administrative Agent, and

(iv) from time to time thereafter if reasonably requested by the Borrower or the Administrative Agent,

and each such Lender shall promptly notify in writing the Borrower and the Administrative Agent if such

Lender is no longer legally eligible to provide any documentation previously provided.

(ii)Without limiting the generality of the foregoing:

(A)any Lender that is a “United States person” within the meaning of

Section 7701(a)(30) of the Code (a “U.S. Lender”) shall deliver to the Borrower and the Administrative

Agent executed originals or copies of Internal Revenue Service Form W-9 (or any successor form

thereto) or such other documentation or information prescribed by applicable laws or reasonably

requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative

Agent, as the case may be, to determine whether or not such Lender is subject to backup withholding or

information reporting requirements;

(B)each Non-U.S. Lender that is entitled under the Code or any applicable

treaty to an exemption from or reduction of U.S. federal withholding tax with respect to any payments

hereunder or under any other Credit Document shall deliver to the Borrower and the Administrative

Agent (in such number of copies as shall be requested by the recipient) whichever of the following is

applicable:

(1)executed originals or copies of Internal Revenue Service Form

W-8BEN or Form W-8BEN-E (or any applicable successor form) claiming eligibility for benefits of an

income tax treaty to which the United States is a party;

(2)executed originals or copies of Internal Revenue Service Form

W-8ECI (or any successor form thereto);

(3)in the case of a Non-U.S. 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 I-1 (a “Non-Bank Tax Certificate”), to the effect that such Non-U.S. Lender is not (A) a

“bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10-percent shareholder” of the

Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign

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corporation” related to the Borrower described in Section 881(c)(3)(C) of the Code, and that no payments

under any Credit Document are effectively connected with such Non-U.S. Lender’s conduct of a United

States trade or business and (y) executed originals or copies of Internal Revenue Service Form W-8BEN

or Form W-8BEN-E (or any applicable successor form);

(4)where such Lender is a partnership (for U.S. federal income tax

purposes) or otherwise not a beneficial owner (e.g., where such Lender has sold a participation), Internal

Revenue Service Form W-8IMY (or any successor form thereto), and to the extent necessary,

accompanied by Internal Revenue Service Form W-8ECI, Internal Revenue Service Form W-8BEN,

Internal Revenue Service Form W 8BEN-E, a Non-Bank Tax Certificate (substantially in the form of

Exhibit I-2 or Exhibit I-3, as applicable), Internal Revenue Service Form W-9, and/or other certification

documents from each beneficial owner, as applicable (provided that, if the Non-U.S. Lender is a

partnership, not a participating Lender and one or more beneficial direct or indirect partners of such

Lender are claiming the portfolio interest exemption, the Non-Bank Tax Certificate(s) (substantially in the

form of Exhibit I-4) may be provided by the Non-U.S. Lender on behalf of the direct or indirect

partner(s)); or

(5)executed originals or copies of any other form prescribed by

applicable laws as a basis for claiming exemption from or a reduction in U.S. federal withholding tax

together with such supplementary documentation as may be prescribed by applicable laws to permit the

Borrower or the Administrative Agent to determine the withholding or deduction required to be made;

(C)each Lender and the Administrative Agent 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, to determine whether such

Lender or Administrative Agent has complied with such Lender or Administrative Agent’s obligations

under FATCA or to determine the amount, if any, to deduct and withhold from such payment. Solely for

purposes of this clause (C), “FATCA” shall include any amendments made to FATCA after the date of

this Agreement; and

(D)if the Administrative Agent is a “United States person” (as defined in

Section 7701(a)(30) of the Code), it shall provide the Borrower on or prior to the date that it becomes a

party to this Agreement (or from time to time thereafter upon the reasonable request of the Borrower)

with two duly completed copies of Internal Revenue Service Form W-9 with respect to fees received on

its own behalf, certifying that it is exempt from federal backup withholding. If the Administrative Agent

is not a “United States person” (as defined in Section 7701(a)(30) of the Code), it shall provide, on or

prior to the date that it becomes a party to this Agreement (and from time to time thereafter upon the

reasonable request for the Borrower), (1) executed originals or copies of Internal Revenue Service Form

W-8ECI, with respect to any amounts payable to the Administrative Agent for its own account and any

other documentation prescribed by applicable law that would allow the Borrower to make such payments

without deduction or withholding of any U.S. federal withholding Taxes, and (2) executed originals or

copies of United States Internal Revenue Service Form W-8IMY certifying on Part I and Part VI of such

Form W-8IMY that it is either (a) a “qualified intermediary” assuming primary withholding

responsibility under Chapters 3 and 4 of the Code and primary Form 1099 reporting and backup

withholding responsibility for payments it receives for the accounts of others, or (b) a U.S. branch that has

agreed to be treated as a U.S. person for United States federal withholding tax purposes with respect to

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payments received by it from the Borrower and that the payments it receives for the account of others are

not effectively connected with the conduct of a trade or business in the United States, and that it is using

such form as evidence of its agreement with the Borrower to be treated as a U.S. person with respect to

such payments (and the Borrower and the Administrative Agent agree to so treat the Administrative

Agent as a U.S. person with respect to such payments as contemplated by Treasury Regulations Section

1.1441-1(b)(2)(iv)(A)). The Administrative Agent shall promptly notify the Borrower at any time it

determines that it is no longer in a position to provide the certification described in the prior sentence.

Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete

or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower

and the Administrative Agent in writing of its legal inability to do so.

(f)Treatment of Certain Refunds. If the Administrative Agent or any Lender determines, in

its sole discretion exercised in good faith, that it has received a refund of any Indemnified Taxes as to

which it has been indemnified by any Credit Party or with respect to which any Credit Party has paid

additional amounts pursuant to this Section 5.4, the Administrative Agent or such Lender (as applicable)

shall promptly pay to the Borrower an amount equal to such refund (but only to the extent of indemnity

payments made, or additional amounts paid, by the Credit Parties under this Section 5.4 with respect to

the Indemnified Taxes giving rise to such refund), net of all out-of-pocket expenses (including any

Taxes) incurred by the Administrative Agent or such Lender, as the case may be, and without interest

(other than any interest paid by the relevant Governmental Authority with respect to such refund);

provided that the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay

the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the

relevant Governmental Authority) to the Administrative Agent or such Lender in the event the

Administrative Agent or such Lender is required to repay such refund to such Governmental Authority.

In such event, the Administrative Agent or such Lender, as the case may be, shall, at the Borrower’s

request, provide the Borrower with a copy of any notice of assessment or other evidence of the

requirement to repay such refund received from the relevant taxing authority (provided that the

Administrative Agent or such Lender may delete any information therein that it deems confidential).

Notwithstanding anything to the contrary in this paragraph (f), in no event will the Administrative Agent

or any Lender be required to pay any amount to an indemnifying party pursuant to this paragraph (f) the

payment of which would place the Administrative Agent or any Lender in a less favorable net after-Tax

position than the Administrative Agent or any Lender would have been in if the Tax subject to

indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and

the indemnification payments or additional amounts with respect to such Tax had never been paid. This

subsection shall not be construed to require the Administrative Agent or any Lender to make available its

Tax returns (or any other information relating to its Taxes that it deems confidential) to any Credit Party

or any other Person.

(g)For the avoidance of doubt, for purposes of this Section 5.4, the term “Lender” includes

any Letter of Credit Issuer and the term “applicable law” includes FATCA.

(h)Each party’s obligations under this Section 5.4 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

the Credit Documents.

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5.5Computations of Interest and Fees.

(a)Except as provided in the next succeeding sentence, interest on Benchmark Rate Loans

shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on ABR Loans shall

be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed.

(b)Fees and the average daily Stated Amount of Letters of Credit shall be calculated on the

basis of a 360-day year for the actual days elapsed.

5.6Limit on Rate of Interest.

(a)No Payment Shall Exceed Lawful Rate. Notwithstanding any other term of this

Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection

with this Agreement or otherwise in respect of the Obligations in excess of the amount or rate permitted

under or consistent with any applicable law, rule or regulation.

(b)Payment at Highest Lawful Rate. If the Borrower is not obliged to make a payment that

it would otherwise be required to make, as a result of Section 5.6(a), the Borrower shall make such

payment to the maximum extent permitted by or consistent with applicable laws, rules and regulations.

(c)Adjustment if Any Payment Exceeds Lawful Rate. If any provision of this Agreement or

any of the other Credit Documents would obligate the Borrower to make any payment of interest or other

amount payable to any Lender in an amount or calculated at a rate that would be prohibited by any

applicable law, rule or regulation, then notwithstanding such provision, such amount or rate shall be

deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the

case may be, as would not be so prohibited by law, such adjustment to be effected, to the extent

necessary, by reducing the amount or rate of interest required to be paid by the Borrower to the affected

Lender under Section 2.8; provided that to the extent lawful, the interest or other amounts that would

have been payable but were not payable as a result of the operation of this Section 5.6 shall be cumulated

and the interest payable to such Lender in respect of other Loans or periods shall be increased (but not

above such maximum amount or rate of interest therefor) until such cumulated amount, together with

interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by

such Lender.

Notwithstanding the foregoing, and after giving effect to all adjustments contemplated thereby, if

any Lender shall have received from the Borrower an amount in excess of the maximum permitted by any

applicable law, rule or regulation, then the Borrower shall be entitled, by notice in writing to the

Administrative Agent, to obtain reimbursement from that Lender in an amount equal to such excess, and

pending such reimbursement, such amount shall be deemed to be an amount payable by that Lender to

the Borrower.

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Section 6.Conditions Precedent to Initial Borrowing

The initial Borrowing under this Agreement is subject to the satisfaction of the following

conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent:

6.1Credit Documents.

(a)The Administrative Agent (or its counsel) shall have received:

(i)this Agreement, executed and delivered by a duly Authorized Officer of the

Parent Guarantors and the Borrower;

(ii)the Guarantee, executed and delivered by a duly Authorized Officer of Holdings

and each other Guarantor;

(iii)the Pledge Agreement, executed and delivered by a duly Authorized Officer of

Holdings and each other Credit Party; and

(iv)the Security Agreement, executed and delivered by a duly Authorized Officer of

Holdings and each other Credit Party.

(b)All outstanding Equity Interests, regardless of the form of the Equity Interests, in

Intermediate Holdings and all other Restricted Subsidiaries, in each case required to be pledged as of the

Closing Date pursuant to the Pledge Agreement shall have been pledged pursuant thereto.

(c)The Collateral Agent shall have received the certificates representing the Equity Interests

in and of Intermediate Holdings and all other Restricted Subsidiaries, in each case to the extent required

to be delivered under the Security Documents and pledged under the Security Documents, in each case,

as of the Closing Date to the extent certificated, accompanied by instruments of transfer and undated

stock powers or allonges endorsed in blank.

(d)All Uniform Commercial Code financing statements required to be filed, registered or

recorded to create the Liens intended to be created by any Security Document and perfect such Liens to

the extent required by such Security Document shall have been delivered to the Collateral Agent, and

shall be in proper form, for filing, registration or recording.

6.2Legal Opinions. The Administrative Agent (or its counsel) shall have received the

executed legal opinions, in customary form, of (i) Kirkland & Ellis LLP, special New York counsel to the

Credit Parties and (ii) Taft Stettinius & Hollister LLP, Ohio counsel to the Credit Parties. The Borrower

hereby instructs such counsel to deliver such legal opinion.

6.3Closing Certificates. The Administrative Agent (or its counsel) shall have received a

certificate of each of the Parent Guarantors, the Borrower and the other Guarantors, dated as of the

Closing Date, substantially in the form of Exhibit E, with appropriate insertions, executed by any

Authorized Officers of the Borrower and each Guarantor, as applicable, and attaching the documents

referred to in Section 6.4.

6.4Authorization of Proceedings of the Borrower and the Guarantors; Corporate

Documents. The Administrative Agent (or its counsel) shall have received (i) a copy of the resolutions

of the board of directors (or a duly authorized committee thereof) or managing member, as applicable, of

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the Parent Guarantors, the Borrower and each other Guarantor authorizing (a) the execution, delivery and

performance of the Credit Documents (and any agreements relating thereto) to which it is a party and

(b) in the case of the Borrower, the extensions of credit contemplated hereunder, (ii) the Certificate of

Incorporation and By-Laws, Certificate of Formation and Operating Agreement or other comparable

organizational documents, as applicable, of the Parent Guarantors, the Borrower and each other

Guarantor, and (iii) signature and incumbency certificates (or other comparable documents evidencing

the same) of the Authorized Officers of the Parent Guarantors, the Borrower and each other Guarantor

executing the Credit Documents to which it is a party.

6.5Fees. The Agents and Lenders shall have received, substantially simultaneously with the

funding of the Initial Term Loans, fees required to be paid under the Fee Letter and, to the extent

invoiced at least three Business Days prior to the Closing Date (except as otherwise reasonably agreed by

the Borrower) expenses in the amounts previously agreed in writing to be paid on the Closing Date

(which amounts may, at the Borrower’s option, be offset against the proceeds of the Initial Term Loans).

6.6Solvency Certificate. On the Closing Date, the Administrative Agent (or its counsel)

shall have received a certificate from the Chief Executive Officer, the President, the Chief Financial

Officer, the Treasurer, the Vice President-Finance or any other senior financial officer of Intermediate

Holdings to the effect that after giving effect to the consummation of the Transactions, Intermediate

Holdings and the Restricted Subsidiaries on a consolidated basis are Solvent.

6.7Notice of Borrowing. The Administrative Agent (or its counsel) shall have received a

Notice of Borrowing meeting the requirements of Section 2.3 with respect to the Initial Term Loans or

any Revolving Loans to be borrowed on the Closing Date.

6.8Transactions. Substantially concurrently with the Borrowing of the Initial Term Loans,

the Acquisition shall have been consummated in all material respects in accordance with the terms of the

Acquisition Agreement.

6.9[Reserved].

6.10Representations and Warranties. The Specified Acquisition Agreement Representations

and the Specified Representations shall be true and correct in all material respects; provided, that to the

extent any Specified Representation is qualified by or subject to a “material adverse effect”, “material

adverse change” or similar term or qualification, the definition thereof shall be the definition of

“Company Group Material Adverse Effect” (as defined in the Acquisition Agreement) for purposes of the

making or deemed making of such Specified Representation on or as of the Closing Date (or any date

prior thereto).

6.11Patriot Act. The Administrative Agent shall have received at least three Business Days

prior to the Closing Date such documentation and information as is reasonably requested in writing at

least ten Business Days prior to the Closing Date by the Administrative Agent about the Credit Parties to

the extent required by U.S. regulatory authorities under applicable “know your customer” and anti-money

laundering rules and regulations, including, without limitation, the Patriot Act. No later than three

Business Days prior to the Closing Date, if the Borrower qualifies as a “legal entity customer” under the

Beneficial Ownership Regulation, then the Borrower shall have delivered to the Administrative Agent a

Beneficial Ownership Certification in relation to the Borrower to the extent requested in writing at least

10 Business Days prior to the Closing Date.

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6.12No Material Adverse Effect. Since November 8, 2024, there shall not have been any

Company Group Material Adverse Effect (as defined in the Acquisition Agreement).

6.13Refinancing. Substantially simultaneously with the Borrowing of the Initial Term Loans,

the Existing Debt Facilities Refinancing shall be consummated.

6.14Equity Investment. Substantially simultaneously with the Borrowing of the Initial Term

Loans, the Equity Investment shall have been consummated.

For purposes of determining compliance with the conditions specified in this Section 6 on the Closing

Date, 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.

Notwithstanding anything to the contrary contained herein, neither (a) the making or accuracy of any

representation under Section 8, the making or accuracy of any such representation or any supplement

thereto (other than the Specified Representations and/or the Specified Acquisition Agreement

Representations) nor (b) the absence of any breach of any covenant hereunder or the absence of any

occurrence of any Default or Event of Default hereunder, shall constitute a condition precedent to the

availability and/or initial Borrowings on the Closing Date, and the only conditions (express or implied) to

the availability of the Credit Facilities on the Closing Date are those expressly set forth in this Section 6,

and such conditions shall be subject in all respects to the provisions of this Section 6 (it being understood

that, to the extent any security interest in any Collateral is not or cannot be provided and/or perfected on

the Closing Date (other than the perfection of the security interests in the certificated equity interests of

Intermediate Holdings and each of its direct, wholly-owned, domestic Restricted Subsidiaries (provided

that, to the extent that Intermediate Holdings has used commercially reasonable efforts to procure the

delivery of such certificated equity interests), together with undated powers executed in blank, prior to

the Closing Date, certificated equity interests of the Company and the subsidiaries of the Company will

only be required to be delivered on the Closing Date pursuant to the terms set forth above if such

certificated equity interests, together with undated powers executed in blank, are received from the

Company prior to the Closing Date) and any assets pursuant to which a lien may be perfected by the

filing of a financing statement under the Uniform Commercial Code) after Intermediate Holdings’ use of

commercially reasonable efforts to do so or without undue burden or expense, then the provision and/or

perfection of a security interest in such Collateral shall not funding and/or availability of the Credit

Facilities on the Closing Date, but instead shall be required to be delivered after the Closing Date

pursuant to arrangements and timing to be mutually agreed by the Administrative Agent and Intermediate

Holdings, in each case, acting reasonably (but, in any event, not earlier than 90 days after the Closing

Date (or, in the case of stock certificates, 10 Business Days)).

For avoidance of doubt, nothing under this Agreement or the Security Documents shall be construed as a

requirement to enter into any source code escrow arrangement, an obligation to register or apply for the

registration of or obtain any issuance of Intellectual Property in any jurisdiction, or an obligation to make

any filings or take any actions to record or to perfect the Agents’ lien on or security interest in (I) any

Intellectual Property other than UCC filings and the filing of documents effecting the recordation of

security interests in the United States Copyright Office and United States Patent and Trademark Office or

(II) any Intellectual Property subsisting outside of the United States.

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Section 7.Conditions Precedent to All Credit Events after the Closing Date.

After the Closing Date, subject to, in the case of Section 7.1 and Section 7.3 below, the terms of

Section 1.12(c), to the extent the proceeds of any Loan are being used to finance a Limited Condition

Transaction, the agreement of each Lender to make any Loan requested to be made by it (excluding

Revolving Credit Loans required to be made by the Revolving Credit Lenders in respect of Unpaid

Drawings pursuant to Sections 3.3 and 3.4) and the obligation of the Letter of Credit Issuer to issue

Letters of Credit on any date is subject to the satisfaction (or waiver) of the following conditions

precedent:

7.1No Default; Representations and Warranties. At the time of each Credit Event and also

after giving effect thereto (other than any Credit Event on the Closing Date or made pursuant to

Section 2.14 or 2.15 (which shall be subject to the applicable terms of Section 6, 2.14 or 2.15, as

applicable)) (a) no Default or Event of Default shall have occurred and be continuing and (b) all

representations and warranties made by any Credit Party contained herein or in the other Credit

Documents shall be true and correct in all material respects (provided that any such representations and

warranties which are qualified by materiality, material adverse effect or similar language shall be true and

correct in all respects) with the same effect as though such representations and warranties had been made

on and as of the date of such Credit Event (except where such representations and warranties expressly

relate to an earlier date, in which case such representations and warranties shall have been true and correct

in all material respects (provided that any such representations and warranties which are qualified by

materiality, material adverse effect or similar language shall be true and correct in all respects) as of such

earlier date).

7.2Notice of Borrowing.

(a)Prior to the making of each Term Loan after the Closing Date, the Administrative Agent

shall have received a Notice of Borrowing meeting the requirements of Section 2.3.

(b)Prior to the making of each Revolving Credit Loan (other than any Revolving Credit

Loan made pursuant to Section 3.4(a)) and each Swingline Loan, the Administrative Agent shall have

received a Notice of Borrowing meeting the requirements of Section 2.3.

(c)Prior to the issuance of each Letter of Credit the Administrative Agent and the Letter of

Credit Issuer shall have received a Letter of Credit Request meeting the requirements of Section 3.2(a).

7.3Leverage. Solely in the case of any Borrowing of Delayed Draw Term Loans, the

Consolidated Total Debt to Consolidated EBITDA Ratio, after giving effect to the incurrence of such

Delayed Draw Term Loans and the use of proceeds thereof (and all related acquisitions, Investments and

other transactions consummated or to be consummated in connection therewith and all other appropriate

pro forma adjustments), on a Pro Forma Basis, as of the last day of the then most recently ended Test

Period, shall not exceed 5.00:1.00 (calculated without netting the cash proceeds of such funding of

Delayed Draw Term Loans); provided that, in the case of any Delayed Draw Term Loan that is being

used to finance a Limited Condition Transaction, such condition may, subject to the terms of Section

1.12(c), be tested as of the LCT Test Date with respect to such Limited Condition Transaction.

The acceptance of the benefits of each Credit Event (other than any Credit Event in connection with a

New Loan Commitment, which shall be subject to the terms of Section 2.14) shall constitute a

representation and warranty by each Credit Party to each of the Lenders that all the applicable conditions

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specified in clauses (a) and (b) of Section 7.1 and, solely with respect to a Borrowing of Delayed Draw

Term Loans, Section 7.3 above have been satisfied as of that time.

Section 8.Representations and Warranties

In order to induce the Lenders to enter into this Agreement and to make the Loans and issue or

participate in Letters of Credit as provided for herein, Intermediate Holdings makes the following

representations and warranties to the Lenders, all of which shall survive the execution and delivery of this

Agreement, the making of the Loans and the issuance of the Letters of Credit:

8.1Corporate Status. Each of the Credit Parties and each of their respective Restricted

Subsidiaries (a) is a duly organized and/or incorporated and validly existing corporation, limited liability

company or other entity in good standing (if applicable) under the laws of the jurisdiction of its

organization and/or incorporation and has the corporate, limited liability company or other organizational

power and authority to own its property and assets and to transact the business in which it is engaged and

(b) has duly qualified and is authorized to do business and is in good standing (if applicable) in all

jurisdictions where it is required to be so qualified, except where the failure to be so qualified would not

reasonably be expected to result in a Material Adverse Effect; provided that it is understood and agreed

that in no event shall any representation or warranty made in respect of this Section 8.1 be untrue or

incorrect to the extent made on or prior to the date that is thirty days after the Closing Date (or such

longer period as the Administrative Agent may agree in its reasonable discretion) as a result of the failure

of the Restricted Subsidiaries set forth on Schedule 8.1 to fail to be in good standing.

8.2Corporate Power and Authority. Each of the Credit Parties and each of their respective

Restricted Subsidiaries has the corporate or other organizational power and authority to execute, deliver

and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all

necessary corporate or other organizational action to authorize the execution, delivery and performance

of the Credit Documents to which it is a party. Each of the Credit Parties has duly executed and delivered

each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid

and binding obligation of such Credit Party, enforceable in accordance with its terms, except as the

enforceability thereof may be limited by bankruptcy, insolvency, liquidation, winding-up, dissolution,

strike-off or similar laws affecting creditors’ rights generally and subject to general principles of equity.

8.3No Violation. Neither the execution, delivery or performance by any Credit Party of the

Credit Documents to which it is a party nor compliance with the terms and provisions thereof and the

other transactions contemplated hereby will (a) contravene any applicable provision of any law, statute,

rule, regulation, order, writ, injunction or decree of any court or governmental instrumentality, other than

any such contravention that would not reasonably be expected to result in a Material Adverse Effect,

(b) result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default

under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any

of the property or assets of such Credit Party or any of the Restricted Subsidiaries (other than Liens

created under the Credit Documents or Permitted Liens) pursuant to the terms of any indenture, loan

agreement, lease agreement, mortgage, deed of trust, agreement or other instrument to which such Credit

Party or any of the Restricted Subsidiaries is a party or by which it or any of its property or assets is

bound (any such term, covenant, condition or provision, a “Contractual Requirement”) other than any

such breach, default or Lien that would not reasonably be expected to result in a Material Adverse Effect

or (c) violate any provision of the certificate of incorporation, by-laws, memorandum and articles of

association or other organizational documents of such Credit Party or any of the Restricted Subsidiaries.

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8.4Litigation. There are no actions, suits, investigations or proceedings pending or, to the

knowledge of Intermediate Holdings, threatened in writing against Holdings, Intermediate Holdings or

any of the Restricted Subsidiaries that would reasonably be expected to be determined adversely and, if

so, to result in a Material Adverse Effect.

8.5Margin Regulations. Neither the making of any Loan hereunder nor the use of the

proceeds thereof will violate the provisions of Regulation T, Regulation U or Regulation X of the Board.

8.6Governmental Approvals. The execution, delivery and performance of each Credit

Document does not require any consent or approval of, registration or filing with, or other action by, any

Governmental Authority, except for (i) such as have been obtained or made and are in full force and

effect, (ii) filings, consents, approvals, registrations and recordings in respect of the Liens created

pursuant to the Security Documents (and to release existing Liens), and (iii) such licenses, approvals,

authorizations, registrations, filings or consents the failure of which to obtain or make would not

reasonably be expected to result in a Material Adverse Effect.

8.7Investment Company Act. None of Holdings, Intermediate Holdings or any other

Restricted Subsidiary is an “investment company” within the meaning of the Investment Company Act of

1940, as amended.

8.8True and Complete Disclosure.

(a)None of the written factual information and written data (taken as a whole) heretofore or

contemporaneously furnished by or on behalf of Intermediate Holdings, any of the other Restricted

Subsidiaries or any of their respective authorized representatives to the Administrative Agent, any Joint

Lead Arranger and Bookrunner and/or any Lender on or before the Closing Date (including all such

written information and data contained in the Credit Documents) for purposes of or in connection with

this Agreement or any transaction contemplated herein contained any untrue statement of any material

fact or omitted to state any material fact necessary to make such information and data (taken as a whole)

not materially misleading at such time in light of the circumstances under which such information or data

was furnished (after giving effect to all supplements and updates), it being understood and agreed that for

the purposes of this Section 8.8(a), such factual information and data shall not include (i) pro forma

financial information, projections, estimates (including financial estimates, forecasts and other

forward-looking information) or other forward-looking information, (ii) information of a general

economic or general industry nature and (iii) third-party memos or reports.

8.9Financial Condition; Financial Statements.

(a)The Historical Financial Statements, in each case, present fairly in all material respects

the consolidated financial position of the Company at the respective dates of said information, statements

and results of operations for the respective periods covered thereby. The Historical Financial Statements

were prepared in accordance with GAAP, except as may be disclosed in the notes to such Historical

Financial Statements or, in the case of the Historical Interim Financial Statements, for normal recurring

year-end adjustment (none of which would reasonably be expected to be material individually or in the

aggregate) and the absence of notes or other information not required by GAAP to be included in interim

financial statements (none of which, if presented, would reasonably be expected to materially differ from

those in the Historical Audited Financial Statements).

(b)There has been no Material Adverse Effect since the Closing Date.

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Each Lender and the Administrative Agent hereby acknowledges and agrees that Intermediate Holdings

and its Subsidiaries may be required to restate historical financial statements as the result of the

implementation of changes in GAAP or IFRS, or the respective interpretation thereof, and that such

restatements will not result in a Default or an Event of Default under the Credit Documents.

8.10Compliance with Laws.

(a)Each Credit Party is in compliance with all Requirements of Law applicable to it or its

property, except to the extent any failure to comply would reasonably be expected to result in a Material

Adverse Effect.

(b)Each Credit Party and its Subsidiaries and each of the respective directors and officers

and, with respect to clauses (a) and (b) of this Section 8.10, to the knowledge of such Credit Parties,

employees, agents and representatives of each Credit Party or any of its Subsidiaries (in each case in their

capacity as such), (a) is in compliance with (i) applicable Sanctions and (ii) the United States Foreign

Corrupt Practices Act of 1977, as amended, and the rules and regulations promulgated thereunder, (the

“FCPA”) and other applicable anti-corruption laws (collectively with the FCPA, the “Anti-Corruption

Laws”), in all material respects, (b) is not located, organized or resident in a Designated Jurisdiction and

(c) is in compliance with the Anti-Money Laundering Laws in all material respects.

8.11Tax Matters. Except as would not reasonably be expected to have a Material Adverse

Effect, (a) each of Holdings, Intermediate Holdings and the Restricted Subsidiaries has filed all Tax

returns required to be filed by it and has timely paid all Taxes payable by it (whether or not shown on a

Tax return and including in its capacity as withholding agent) that have become due and payable, other

than those being contested in good faith and by proper proceedings if it has maintained adequate reserves

(in the good faith judgment of management of Holdings, Intermediate Holdings or such Restricted

Subsidiary, as applicable) with respect thereto in accordance with GAAP and it can lawfully withhold

such payment and (b) each of Holdings, Intermediate Holdings and the Restricted Subsidiaries has

provided adequate reserves (in the good faith judgement of management of Holdings, Intermediate

Holdings or such Restricted Subsidiary, as applicable) in accordance with GAAP for the payment of all

Taxes not yet due and payable. There is no current or proposed Tax assessment, deficiency or other

claim against Holdings, Intermediate Holdings or any Restricted Subsidiary that would reasonably be

expected to result in a Material Adverse Effect.

8.12Compliance with ERISA. Except as would not reasonably be expected to have a Material

Adverse Effect, (i) each Plan is in compliance with the terms of such Plan and the applicable provisions

of ERISA, the Code and the regulations thereunder, and (ii) no ERISA Event has occurred or is

reasonably expected to occur.

8.13Subsidiaries. Schedule 8.13 lists each Subsidiary of Holdings and Intermediate Holdings

(and the direct and indirect ownership interest, of Holdings and Intermediate Holdings therein), in each

case existing on the Closing Date after giving effect to the Acquisition.

8.14Intellectual Property. Each of Intermediate Holdings and the other Restricted

Subsidiaries own or have the right to use all Intellectual Property that is used in or otherwise necessary

for the operation of their respective businesses as currently conducted, except where the failure to own or

have a right to use such Intellectual Property would not reasonably be expected to have a Material

Adverse Effect. To the knowledge of Intermediate Holdings, the operation of their respective businesses

by each of Intermediate Holdings and the other Restricted Subsidiaries does not infringe upon,

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misappropriate, violate or otherwise conflict with the Intellectual Property of any third party, except as

would not reasonably be expected to have a Material Adverse Effect.

8.15Environmental Laws.

(a)Except as set forth on Schedule 8.15, or as would not reasonably be expected to have a

Material Adverse Effect: (i) each of Intermediate Holdings and the other Restricted Subsidiaries and their

respective operations and properties is in compliance with all applicable Environmental Laws; (ii) none

of Intermediate Holdings or any Restricted Subsidiary is subject to any pending, or, to the knowledge of

Intermediate Holdings, threatened Environmental Claim; and (iii) none of Intermediate Holdings or any

Restricted Subsidiary is conducting any investigation, removal, remedial or other corrective action

pursuant to any Environmental Law at any location.

(b)Except as set forth on Schedule 8.15, none of Intermediate Holdings or any of the

Restricted Subsidiaries has treated, stored, transported, Released or arranged for disposal or transport for

disposal or treatment of Hazardous Materials at, on, under or from any property currently or formerly

owned or operated by Intermediate Holdings or any of the Restricted Subsidiaries nor, to the knowledge

of Intermediate Holdings, has there been any other Release of Hazardous Materials at, on, under or from

any such properties, in each case, as would reasonably be expected to have a Material Adverse Effect.

8.16Properties.

(a)(i) Each of Intermediate Holdings and the other Restricted Subsidiaries has good and

valid record title to, valid leasehold interests in, or rights to use, all properties that are necessary for the

operation of their respective businesses as currently conducted and as proposed to be conducted, free and

clear of all Liens (other than any Liens permitted by this Agreement) and except where the failure to

have such good title or interest, or rights to use, would not reasonably be expected, individually or in the

aggregate, to have a Material Adverse Effect and (ii) no Mortgage encumbers improved Real Estate that

is located in an area that has been identified by the Secretary of Housing and Urban Development as an

area having special flood hazards within the meaning of the Flood Insurance Laws unless flood insurance

available under such Flood Insurance Laws has been obtained in accordance with Section 9.3(b).

(b)Set forth on Schedule 8.16 is a list of each parcel of real estate and the improvements

thereto owned in fee by a Credit Party as of the Closing Date having a Fair Market Value in excess of

$5,000,000.

8.17Solvency. On the Closing Date (after giving effect to the Transactions) immediately

following the making of the Loans and after giving effect to the application of the proceeds of such

Loans, Intermediate Holdings and the Restricted Subsidiaries on a consolidated basis will be Solvent.

8.18Use of Proceeds. The Borrower will not use the proceeds of the Loans and/or Letters of

Credit to violate applicable Sanctions or, in any material respect, any Anti-Money Laundering Laws, or

Anti-Corruption Laws.

8.19No Other Liabilities. None of Intermediate Holdings and the Restricted Subsidiaries have

any material contingent liability required under GAAP to be reflected or disclosed and not reflected or

disclosed in the most recent financial statements delivered by Intermediate Holdings pursuant to

Section 9.1 (or, prior to the first delivery of such financial statements, the Historical Financial

Statements), other than liabilities (including any liabilities in connection with any litigation and

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investigations) and contingent liabilities permitted to be incurred under this Agreement that would not

reasonably be expected to have a Material Adverse Effect.

8.20Labor Matters. Except as could not reasonably be expected to have, individually or in

the aggregate, a Material Adverse Effect, there are no strikes or similar union labor disputes against any

of Intermediate Holdings or the Restricted Subsidiaries pending or, to the knowledge of Intermediate

Holdings or the Restricted Subsidiaries, overtly threatened in writing.

8.21Foreign Assets Control Regulations and Anti-Money Laundering. No Credit Party and no

Subsidiary of a Credit Party (i) is a Person designated by the U.S. government on the list of the Specially

Designated Nationals and Blocked Persons (the “SDN List”) or on any other similar Sanctions-

related list of designated Persons, (ii) is a Person who is otherwise the subject of Sanctions, (iii) is

domiciled or resident in a Designated Jurisdiction or (iv) is directly or indirectly owned or controlled (as

such terms are defined by Sanctions) by (including without limitation by virtue of such person being a

director or owning voting shares or interests), or acts for or on behalf of, any person or entity on the SDN

List or a foreign government that is the target of U.S. economic sanctions prohibitions such that the entry

into, or performance under, this Agreement or any other Credit Document would be prohibited under U.S.

law. As of the Closing Date, the information included in the Beneficial Ownership Certification, if

applicable, is true and correct in all material respects.

Section 9.Affirmative Covenants.

Intermediate Holdings, each of Intermediate Holdings’ Restricted Subsidiaries and, as

applicable, Holdings, hereby covenant and agree that on the Closing Date and thereafter, until the

Commitments, the Swingline Commitment and each Letter of Credit have terminated or been Cash

Collateralized in accordance with the terms of this Agreement and the Loans and Unpaid Drawings,

together with interest, Fees and all other Obligations incurred hereunder (other than contingent indemnity

obligations as to which no valid demand has been made, Secured Hedge Obligations, Secured Cash

Management Obligations and Letters of Credit Cash Collateralized in accordance with the terms of this

Agreement), are paid in full:

9.1Information Covenants. Intermediate Holdings will furnish to the Administrative Agent

(which shall promptly make such information available to the Lenders in accordance with its customary

practice):

(a)Annual Financial Statements. As soon as available and in any event within 120 days after

the end of each fiscal year of Intermediate Holdings (commencing with the fiscal year ending December

31, 2024 (and, within 150 days of the end of the each of the fiscal years ended Decemebr 31, 2024 and

December 31, 2025) (in each case, which deadlines may be extended by the Administrative Agent in its

sole discretion by an additional 30 days), the consolidated balance sheet of Intermediate Holdings and the

Restricted Subsidiaries as at the end of each fiscal year and the related consolidated statements of income

or operations, shareholders’ equity and cash flows for such fiscal year, and, commencing with the

financial statements for the fiscal year ended December 31, 2026, setting forth comparative consolidated

figures for the preceding fiscal year, all in reasonable detail and prepared in accordance with GAAP, and,

in each case, certified by an independent certified public accountant of recognized national standing

whose opinion shall not be qualified as to the scope of audit or as to the status of Intermediate Holdings or

any of the Restricted Subsidiaries as a going concern (other than any qualification, that is expressly solely

with respect to, or expressly resulting solely from, (i) an upcoming maturity date under any Indebtedness,

(ii) any actual or potential inability to satisfy a financial maintenance covenant at such time or on a future

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date or in a future period or (iii) the activities, operations, financial results, assets or liabilities of any

Unrestricted Subsidiary).

(b)Quarterly Financial Statements. As soon as available and in any event on or before the

date that is 60 days after the end of each fiscal quarter of each fiscal year of Intermediate Holdings (and

within 90 days for the fiscal quarters ended March 31, 2025, June 30, 2025 and September 30, 2025) (in

each case, which deadlines may be extended by the Administrative Agent in its sole discretion by an

additional 30 days), the consolidated balance sheets of Intermediate Holdings and the Restricted

Subsidiaries as at the end of such fiscal quarter and the related consolidated statements of income for

such fiscal quarter and for the elapsed portion of the fiscal year ended with the last day of such fiscal

quarter, and the related consolidated statement of cash flows for the elapsed portion of the fiscal year

ended with the last day of such fiscal quarter, and, commencing with the financial statements for the

fiscal quarter ended March 31, 2026, setting forth comparative consolidated figures for the related

periods in the prior fiscal year or, in the case of such consolidated balance sheet, for the last day of the

related period in the prior fiscal year, which shall be accompanied by customary management discussion

and analysis of operating results, all of which shall be certified by an Authorized Officer of Intermediate

Holdings as fairly presenting in all material respects the financial condition, results of operations and

cash flows of Intermediate Holdings and its Restricted Subsidiaries in accordance with a modified

cash-basis accounting method (except as noted therein), subject to changes resulting from normal

year-end adjustments and the absence of footnotes.

(c)Budgets. Prior to an IPO, within 120 days after the commencement of each fiscal year of

Intermediate Holdings (and, for the fiscal year ending December 31, 2025, within 150 days after the

commencement of such fiscal year), a consolidated budget of Intermediate Holdings in reasonable detail

on an annual basis for such fiscal year as customarily prepared by management of Intermediate Holdings

for its internal use consistent in scope with the financial statements provided pursuant to Section 9.1(a),

setting forth the principal assumptions upon which such budget is based (collectively, the “Projections”)

and, commencing with the consolidated budget of Intermediate Holdings for the fiscal year ending

December 31, 2026, setting forth comparative figures for the prior fiscal year, which Projections shall in

each case be accompanied by a certificate of an Authorized Officer of Intermediate Holdings stating that

such Projections have been prepared in good faith on the basis of the assumptions stated therein, which

assumptions were believed to be reasonable at the time of preparation of such Projections, it being

understood and agreed that such Projections and assumptions as to future events are not to be viewed as

facts or a guarantee of performance, are subject to significant uncertainties and contingencies, many of

which are beyond the control of Intermediate Holdings and its Subsidiaries and that actual results during

the period or periods covered by any such Projections may differ from the projected results and such

differences may be material.

(d)Compliance Certificates. Not later than five days after the delivery of the financial

statements provided for in Sections 9.1(a) and (b) (in the case of the first three fiscal quarters of any fiscal

year only), a Compliance Certificate signed by an Authorized Officer of Intermediate Holdings to the

effect that no Default or Event of Default exists or, if any Default or Event of Default does exist,

specifying the nature and extent thereof, as the case may be, which certificate shall set forth (i) a

specification of any change in the identity of the Restricted Subsidiaries and Unrestricted Subsidiaries as

at the end of such fiscal year or period, as the case may be, from the Restricted Subsidiaries and

Unrestricted Subsidiaries, respectively, provided to the Lenders on the Closing Date or the most recent

fiscal year or period, as the case may be, (ii) commencing with the fiscal quarter ending June 30, 2025,

the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio and the Consolidated Total

Debt to Consolidated EBITDA Ratio and underlying calculations in connection therewith and (iii)

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together with any financial statements provided for in Section 9.1(a) for any fiscal year, a reconciliation

of the financial statements prepared and delivered for the four fiscal quarter period ending on December

31 of the applicable year prepared using a modified cash-basis accounting method to the financial

statements for such fiscal year prepared in accordance with GAAP. At the time of the delivery of the

financial statements provided for in Section 9.1(a), a certificate of an Authorized Officer of Intermediate

Holdings setting forth changes to the legal name, jurisdiction of formation, type of entity and

organizational number (or equivalent) to the Person organized in a jurisdiction where an organizational

identification number is required to be included in a Uniform Commercial Code financing statement, in

each case for each Credit Party or confirming that there has been no change in such information since the

Closing Date or the date of the most recent certificate delivered pursuant to this clause (d), as the case

may be.

(e)Bonding Reports. As soon as available and in any event on or before the date that is 60

days after the end of each fiscal quarter of each fiscal year of Intermediate Holdings (and within 90 days

for the fiscal quarters ended March 31, 2025, June 30, 2025, and September 30, 2025) a report regarding

outstanding Bonding Obligations substantially in the form agreed in writing by the parties hereto prior to

the Closing Date.

(f)Notice of Default or Litigation Promptly after an Authorized Officer of Intermediate

Holdings or any of the Restricted Subsidiaries obtains knowledge thereof, notice of (i) the occurrence of

any event that constitutes a Default or Event of Default, which notice shall specify the nature thereof, the

period of existence thereof and what action Intermediate Holdings proposes to take with respect thereto

and (ii) any litigation or governmental proceeding pending against Intermediate Holdings or any of the

Restricted Subsidiaries that would reasonably be expected to be determined adversely and, if so

determined, to result in a Material Adverse Effect.

(g)Environmental Matters. Promptly after an Authorized Officer of Intermediate Holdings

or any of the Restricted Subsidiaries obtains actual knowledge of any one or more of the following

environmental matters, unless such environmental matters would not reasonably be expected to result in a

Material Adverse Effect, notice of:

(i)any pending or threatened Environmental Claim against any Credit Party or any

Real Estate; and

(ii)the conduct of any investigation, or any removal, remedial or other corrective

action in response to the actual or alleged presence, Release or threatened Release of any Hazardous

Material on, at, under or from any Real Estate.

All such notices shall describe in reasonable detail the nature of the claim, investigation or

removal, remedial or other corrective action in response thereto. The term “Real Estate” shall mean land,

buildings, facilities and improvements currently owned or leased by any Credit Party.

(h)Other Information. Promptly upon filing thereof, copies of any filings (including on

Form 10-K, 10-Q or 8-K) or registration statements (other than drafts of pre-effective versions of

registration statements) with, and reports to, the SEC or any analogous Governmental Authority in any

relevant jurisdiction by Intermediate Holdings or any of the Restricted Subsidiaries (other than

amendments to any registration statement (to the extent such registration statement, in the form it

becomes effective, is delivered to the Administrative Agent), exhibits to any registration statement and, if

applicable, any registration statements on Form S-8) and copies of all financial statements, proxy

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statements, notices, and reports that Intermediate Holdings or any of the Restricted Subsidiaries shall

send to the holders of any publicly issued debt of Intermediate Holdings and/or any of the Restricted

Subsidiaries, in their capacity as such holders, lenders or agents (in each case to the extent not

theretofore delivered to the Administrative Agent pursuant to this Agreement) and, with reasonable

promptness, such other information (financial or otherwise, including information required under

applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot

Act and the Beneficial Ownership Regulation) as the Administrative Agent on its own behalf or on

behalf of any Lender (acting through the Administrative Agent) may reasonably request in writing from

time to time; provided that neither Intermediate Holdings nor any other Restricted Subsidiary will be

required to disclose or permit the inspection or discussion of any document, information or other matter

(i) that constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of

which disclosure to the Administrative Agent or any Lender (or their respective contractors) is prohibited

by law, or any binding agreement or (iii) that is subject to attorney client or similar privilege or

constitutes attorney work product.

Notwithstanding the foregoing, the obligations in clauses (a) and (b) of this Section 9.1 may be

satisfied with respect to financial information of Intermediate Holdings and its Restricted Subsidiaries by

furnishing (A) the applicable financial statements of any direct or indirect parent of Intermediate

Holdings or (B) Intermediate Holdings’ (or any direct or indirect parent thereof), as applicable, Form

10-K or 10-Q, as applicable, filed with the SEC; provided that, with respect to each of subclauses (A) and

(B) of this paragraph, to the extent such information relates to a parent of Intermediate Holdings, such

information is accompanied by consolidating or other information that explains in reasonable detail the

differences between the information relating to such parent, on the one hand, and the information relating

to Intermediate Holdings and the Restricted Subsidiaries on a standalone basis, on the other hand.

Documents required to be delivered pursuant to clauses (a), (b), and (g) of this Section 9.1 (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 earliest date on which (i)

Intermediate Holdings posts such documents, or provides a link thereto on Intermediate Holdings’

website on the Internet; (ii) such documents are posted on Intermediate Holdings’ behalf on IntraLinks/

IntraAgency or another website, if any, to which each Lender and the Administrative Agent have access

(whether a commercial, third-party website or whether sponsored by the Administrative Agent), or (iii)

such financial statements and/or other documents are posted on the SEC’s website on the internet at

www.sec.gov; provided that (A) Intermediate Holdings shall, at the request of the Administrative Agent,

continue to deliver copies (which delivery may be by electronic transmission) of such documents to the

Administrative Agent and (B) Intermediate Holdings shall notify (which notification may be by facsimile

or electronic transmission) the Administrative Agent of the posting of any such documents on any website

described in this paragraph. Each Lender shall be solely responsible for timely accessing posted

documents or requesting delivery of paper copies of such documents from the Administrative Agent and

maintaining its copies of such documents.

Each Credit Party hereby acknowledges and agrees that, unless Intermediate Holdings notifies

the Administrative Agent in advance, all financial statements and certificates furnished pursuant to

Sections 9.1(a), (b) and (d) above are hereby deemed to be suitable for distribution, and to be made

available, to all Lenders and may be treated by the Administrative Agent and the Lenders as not

containing any material nonpublic information; provided that any failure by Intermediate Holdings to so

notify the Administrative Agent shall not constitute a Default or Event of Default.

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9.2Books, Records, and Inspections. Intermediate Holdings will, and will cause each

Restricted Subsidiary to, permit officers and designated representatives of the Administrative Agent or

the Required Lenders to visit and inspect any of the properties or assets of Intermediate Holdings and any

such Restricted Subsidiary in whomsoever’s possession to the extent that it is within such party’s control

to permit such inspection (and shall use commercially reasonable efforts to cause such inspection to be

permitted to the extent that it is not within such party’s control to permit such inspection), and to

examine the books and records of Intermediate Holdings and any such Restricted Subsidiary and discuss

the affairs, finances and accounts of Holdings, Intermediate Holdings and of any such Restricted

Subsidiary with, and be advised as to the same by, its and their officers and independent accountants, all

at such reasonable times and intervals and to such reasonable extent as the Administrative Agent or the

Required Lenders may desire (and subject, in the case of any such meetings or advice from such

independent accountants, to such accountants’ customary policies and procedures); provided that,

excluding any such visits and inspections during the continuation of an Event of Default, (a) only the

Administrative Agent on behalf of the Required Lenders may exercise rights of the Administrative Agent

and the Lenders under this Section 9.2, (b) the Administrative Agent shall not exercise such rights more

than one time in any calendar year, which such visit will be at the Intermediate Holdings’ expense, and

(c) notwithstanding anything to the contrary in this Section 9.2, none of Intermediate Holdings or any of

the Restricted Subsidiaries will be required to disclose, permit the inspection, examination or making

copies or abstracts of, or discussion of, any document, information or other matter that (i) constitutes

non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to

the Administrative Agent or any Lender (or their respective representatives or contractors) is prohibited

by law or any agreement binding on a third party or (iii) is subject to attorney-client or similar privilege or

constitutes attorney work product; provided, further, that when an Event of Default exists, the

Administrative Agent (or any of its respective representatives or independent contractors) or any

representative of the Required Lenders may do any of the foregoing at the expense of Intermediate

Holdings at any time during normal business hours and upon reasonable advance notice. The

Administrative Agent and the Required Lenders shall give Intermediate Holdings the opportunity to

participate in any discussions with Intermediate Holdings’ independent public accountants.

9.3Maintenance of Insurance. (a) Intermediate Holdings will, and will cause each

Restricted Subsidiary to, at all times maintain in full force and effect, pursuant to self-insurance

arrangements or with insurance companies that Intermediate Holdings believes (in the good faith

judgment of the management of Intermediate Holdings) are financially sound and responsible at the time

the relevant coverage is placed or renewed, insurance in at least such amounts (after giving effect to any

self-insurance which Intermediate Holdings believes (in the good faith judgment of management of

Intermediate Holdings) is reasonable and prudent in light of the size and nature of its business and the

availability of insurance on a cost-effective basis) and against at least such risks (and with such risk

retentions) as Intermediate Holdings believes (in the good faith judgment of management of Intermediate

Holdings) is reasonable and prudent in light of the size and nature of its business and the availability of

insurance on a cost-effective basis; and will furnish to the Administrative Agent, promptly following

written request from the Administrative Agent, information presented in reasonable detail as to the

insurance so carried and (b) with respect to any improved Mortgaged Property located in a special flood

hazard area, Intermediate Holdings will obtain flood insurance in such total amount as required by the

Flood Insurance Laws and shall otherwise comply with the Flood Insurance Laws. Each such policy of

insurance shall (i) name the Collateral Agent, on behalf of the Secured Parties as an additional insured

thereunder as its interests may appear and (ii) in the case of each casualty insurance policy, contain a loss

payable clause or endorsement that names the Collateral Agent, on behalf of the Secured Parties, as the

loss payee thereunder.

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9.4Payment of Taxes. Each of Holdings and Intermediate Holdings will pay and discharge

or cause to be paid and discharged, and will cause each of the Restricted Subsidiaries to pay and

discharge, all material Taxes imposed upon it (including in its capacity as a withholding agent) or upon

its income or profits, or upon any properties belonging to it, prior to the date on which penalties attach

thereto, and all lawful material claims in respect of any Taxes imposed, assessed or levied that, if unpaid,

would reasonably be expected to become a material Lien (other than a Permitted Lien) upon any

properties of Holdings, Intermediate Holdings or any of the Restricted Subsidiaries; provided that none of

Holdings, Intermediate Holdings nor any of the Restricted Subsidiaries shall be required to pay any such

Tax that (i) is being contested in good faith and by proper proceedings if it has maintained adequate

reserves (in the good faith judgment of management of Holdings, Intermediate Holdings or such

Restricted Subsidiaries) with respect thereto in accordance with GAAP and it can lawfully withhold such

payment or (ii) the failure to pay would not reasonably be expected to result in a Material Adverse

Effect.

9.5Preservation of Existence. Intermediate Holdings will, and will cause each Restricted

Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence,

organizational rights and authority and (b) to maintain its rights, privileges (including its good standing

(if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each

case, except to the extent that the failure to do so would not reasonably be expected to have a Material

Adverse Effect; provided, however, that Intermediate Holdings and its respective Subsidiaries may

consummate any transaction that is a Permitted Investment and under Section 10.2, 10.3, 10.4 or 10.5.

9.6Compliance with Statutes, Regulations, Etc. Intermediate Holdings will, and will cause

each Restricted Subsidiary to, (a) comply with all applicable laws, rules, regulations, and orders

applicable to it or its property and all governmental approvals or authorizations required to conduct its

business, and to maintain all such governmental approvals or authorizations in full force and effect,

(b) comply with, and use commercially reasonable efforts to ensure compliance by its tenants and

subtenants, if any, with, all Environmental Laws and obtain and comply with and maintain, and use

commercially reasonable efforts to ensure that its tenants and subtenants obtain and comply with and

maintain, any and all licenses, approvals, notifications, registrations or permits required by

Environmental Laws and (c) conduct and complete all investigations, studies, sampling and testing, and

all remedial, removal and other actions, in each case, to the extent required under Environmental Laws

and promptly comply with all orders and directives having the force and effect of law of all Governmental

Authorities regarding Environmental Laws, other than such orders and directives which are being timely

contested in good faith by proper proceedings, except in each case of (a), (b) and (c) of this Section 9.6,

where the failure to do so would not reasonably be expected to result in a Material Adverse Effect.

9.7ERISA. Where applicable, (a) Intermediate Holdings will furnish to the Administrative

Agent promptly following the receipt thereof, copies of any documents described in Sections 101(k) or

101(l) of ERISA that any Credit Party or any of its Subsidiaries may request with respect to any

Multiemployer Plan to which a Credit Party or any of its Subsidiaries is obligated to contribute; provided

that if the Credit Parties or any of their Subsidiaries have not requested such documents or notices from

the administrator or sponsor of the applicable Multiemployer Plan, then, upon reasonable request of the

Administrative Agent, the Credit Parties or their Subsidiaries shall promptly make a request for such

documents or notices from such administrator or sponsor and Intermediate Holdings shall provide copies

of such documents and notices to the Administrative Agent promptly after receipt thereof; provided,

further, that the rights granted to the Administrative Agent in this Section 9.7 shall be exercised not more

than once during a 12-month period, and (b) Intermediate Holdings will notify the Administrative Agent

promptly following the occurrence of an ERISA Event that, alone or together with any other ERISA

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Events that have occurred, would reasonably be expected to result in liability of any Credit Party that

would reasonably be expected to have a Material Adverse Effect.

9.8Maintenance of Properties. Intermediate Holdings will, and will cause each of the

Restricted Subsidiaries to, keep and maintain all tangible property material to the conduct of its business

in good working order and condition, ordinary wear and tear, casualty and condemnation excepted,

except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse

Effect.

9.9[Reserved].

9.10Additional Guarantors and Grantors. Subject to any applicable limitations set forth in

the Security Documents, Intermediate Holdings will cause each direct or indirect Restricted Subsidiary

(other than any Excluded Subsidiary) formed or otherwise purchased or acquired after the Closing Date

(including pursuant to a Permitted Acquisition), and each other Restricted Subsidiary that ceases to

constitute an Excluded Subsidiary, within 60 days from the date of such formation, acquisition or

cessation, as applicable (or such longer period as the Administrative Agent may agree in its reasonable

discretion), and Intermediate Holdings may at its option cause any other Restricted Subsidiary, to execute

a supplement to each of the Guarantee, the Pledge Agreement, the Security Agreement and any other

Security Document, as applicable, in order to become a Guarantor under the Guarantee and a grantor

under such Security Documents and take all other action reasonably requested by the Collateral Agent to

grant a perfected security interest in its assets to substantially the same extent as created and perfected by

the Credit Parties on the Closing Date and pursuant to Section 9.13(d) in the case of such Credit Parties.

For the avoidance of doubt, notwithstanding anything to the contrary in any Credit Document, neither

Intermediate Holdings nor any Restricted Subsidiary shall be required to take any action outside the

United States to perfect any security interest in the Collateral (including the execution of any agreement,

document or other instrument governed by the law of any jurisdiction other than the United States or any

state or political subdivision thereof or the District of Columbia); provided that, for the avoidance of

doubt, Intermediate Holdings, in its sole discretion, may designate Restricted Subsidiaries as

Discretionary Foreign Guarantors in accordance with this Agreement and, in connection with any such

designation, Intermediate Holdings and Administrative Agent shall enter into such additional Credit

Documents and take such additional actions outside the United States as shall be reasonably agreed by

Intermediate Holdings and the Administrative Agent.

9.11Pledge of Additional Stock and Evidence of Indebtedness. Subject to any applicable

limitations set forth in the Security Documents and other than (x) when in the reasonable determination

of the Administrative Agent and Intermediate Holdings (as agreed to in writing), the cost or other

consequences of doing so would be excessive in view of the benefits to be obtained by the Lenders

therefrom or (y) to the extent doing so would result in material adverse tax consequences as reasonably

determined by Intermediate Holdings in consultation with the Administrative Agent, Holdings and

Intermediate Holdings will cause (i) all certificates representing Capital Stock and Stock Equivalents of

any Restricted Subsidiary (other than any Excluded Stock and Stock Equivalents) held directly by

Holdings, Intermediate Holdings or any other Credit Party, (ii) all evidences of Indebtedness in excess of

$5,000,000 and (iii) any promissory notes executed after the Closing Date evidencing Indebtedness in

excess of $5,000,000 of Holdings, Intermediate Holdings or any Subsidiary that is owing to Holdings,

Intermediate Holdings or any other Credit Party, in each case, to be delivered to the Collateral Agent as

security for the Obligations, accompanied by undated instruments of transfer executed in blank pursuant

to the terms of the Security Documents. Notwithstanding the foregoing, any promissory note among

Holdings, Intermediate Holdings and/or its Restricted Subsidiaries need not be delivered to the Collateral

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Agent, so long as (i) a global intercompany note superseding such promissory note has been delivered to

the Collateral Agent, (ii) such promissory note is not delivered to any other party other than Holdings or

any other Credit Party, in each case, owed money thereunder, and (iii) such promissory note indicates on

its face that it is subject to the security interest of the Collateral Agent.

9.12Use of Proceeds.

(a)The Borrower will use the proceeds of the Initial Term Loans, the Revolving Loans (if

any), the Equity Investment and, at its option, cash on hand, on the date the Acquisition is consummated

to effect the Transactions and to pay Transaction Expenses.

(b)The Borrower will use Letters of Credit, Swingline Loans and Revolving Loans for

working capital and for other general corporate purposes, including permitted Investments, acquisitions,

Restricted Payments, capital expenditures and any other transaction not prohibited by the Credit

Documents.

(c)The proceeds of the Delayed Draw Term Loans will be used, directly or indirectly, (i) for

Permitted Acquisitions and similar Investments (including the payment of any fees, costs and expenses,

earn-outs and other deferred or contingent acquisition consideration (including, for the avoidance of

doubt, any seller note) and holdbacks related thereto), (ii) to replenish balance sheet cash or repay

Revolving Loans used to fund any such Permitted Acquisition or other similar Investment pursuant to

clause (i) above, so long as, in each case, such Delayed Draw Term Loans are incurred for the purposes

described in this clause (ii) within one hundred and twenty (120) days after the consummation of such

Permitted Acquisition or other similar Investment, (iii) for capital expenditures and (iv) for payment of

any fees, costs and expenses in connection with the clauses (i) through (iii).

(d)The Borrower will use the proceeds of the Amendment No. 1 Incremental Term

Loans to repay Revolving Credit Loans outstanding on the Amendment No. 1 Effective Date.

9.13Further Assurances.

(a)Subject to the terms of Sections 9.10 and 9.11, this Section 9.13 and the Security

Documents, Intermediate Holdings will, and will cause each other Credit Party to, execute any and all

further documents, financing statements, intellectual property security agreements, agreements, and

instruments, and take all such further actions (including the filing and recording of financing statements,

intellectual property security agreements, fixture filings, mortgages, deeds of trust, and other documents)

that may be required under any applicable law, or that the Collateral Agent or the Required Lenders may

reasonably request, in order to grant, preserve, protect, and perfect the validity and priority of the security

interests created or intended to be created by the applicable Security Documents, all at the expense of

Intermediate Holdings and the Restricted Subsidiaries. For avoidance of doubt, nothing under this

Agreement or the Security Documents shall be construed as a requirement to enter into any source code

escrow arrangement, an obligation to register or apply for the registration of or obtain any issuance of

Intellectual Property in any jurisdiction, or an obligation to make any filings or take any actions to record

or to perfect the Agents’ lien on or security interest in (I) any Intellectual Property other than UCC filings

and the filing of documents effecting the recordation of security interests in the United States Copyright

Office and United States Patent and Trademark Office or (II) any Intellectual Property subsisting outside

of the United States.

(b)Subject to any applicable limitations set forth in the Security Documents and other than

(x) when in the reasonable determination of the Administrative Agent and Intermediate Holdings (as

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agreed to in writing), the cost or other consequences of doing so would be excessive in view of the

benefits to be obtained by the Lenders therefrom or (y) to the extent doing so would result in material

adverse tax consequences as reasonably determined by Intermediate Holdings in consultation with the

Administrative Agent, if any assets (other than Excluded Property) (including any real estate or

improvements thereto or any interest therein but excluding Capital Stock and Stock Equivalents of any

Subsidiary) are acquired by Intermediate Holdings or any other Credit Party after the Closing Date (other

than assets constituting Collateral under a Security Document that become subject to the Lien of the

applicable Security Document upon acquisition thereof) that are of a nature secured by a Security

Document or that constitute a fee interest in real property in the United States having a Fair Market

Value in excess of $5,000,000, Intermediate Holdings will notify the Collateral Agent, and, if requested

by the Collateral Agent, Intermediate Holdings will cause such assets to be subjected to a Lien securing

the Obligations (provided, however, that in the event any Mortgage delivered pursuant to this clause (b)

shall incur any mortgage recording tax or similar charges in connection with the recording thereof, such

Mortgage shall not secure an amount in excess of the Fair Market Value of the applicable Mortgaged

Property) and will take, and cause the other applicable Credit Parties to take, such actions as shall be

necessary or reasonably requested by the Collateral Agent, as soon as commercially reasonable but in no

event later than 90 days after such acquisition, unless waived or extended by the Administrative Agent in

its sole discretion, to grant and perfect such Liens consistent with the applicable requirements of the

Security Documents, including actions described in clause (a) of this Section 9.13.

(c)Any Mortgage delivered to the Administrative Agent in accordance with the preceding

clause (b) shall, if requested by the Collateral Agent, be received as soon as commercially reasonable but

in no event later than 90 days (except as set forth in the preceding clause (b)), unless waived or extended

by the Administrative Agent acting reasonably and accompanied by (x) a policy or policies (or an

unconditional binding commitment therefor to be replaced by a final title policy) of title insurance issued

by a nationally recognized title insurance company (each such policy, a “Title Policy”), in such amounts

as reasonably acceptable to the Administrative Agent not to exceed the Fair Market Value of the

applicable Mortgaged Property, insuring the Lien of each Mortgage as a valid first Lien on the

Mortgaged Property described therein, free of any other Liens except as expressly permitted by

Section 10.2 or as otherwise permitted by the Administrative Agent and otherwise in form and substance

reasonably acceptable to the Administrative Agent and Intermediate Holdings, together with such

endorsements, co-insurance and reinsurance as the Administrative Agent may reasonably request but

only to the extent such endorsements are (i) available in the relevant jurisdiction (provided in no event

shall the Administrative Agent request a creditors’ rights endorsement) and (ii) available at commercially

reasonable rates, (y) an opinion of local counsel to the applicable Credit Party in form and substance

reasonably acceptable to the Administrative Agent, (z) a completed “Life-of-Loan” Federal Emergency

Management Agency Standard Flood Hazard Determination, and if any improvements on such

Mortgaged Property are located in a special flood hazard area, (i) a notice about special flood hazard area

status and flood disaster assistance duly executed by the applicable Credit Parties and (ii) certificates of

insurance evidencing the insurance required by Section 9.3 in form and substance reasonably satisfactory

to the Administrative Agent, and (aa) an ALTA survey in a form and substance reasonably acceptable to

the Collateral Agent or such existing survey together with a no-change affidavit sufficient for the title

company to remove all standard survey exceptions from the Title Policy related to such Mortgaged

Property and issue the endorsements required in (x) above.

(d)Post-Closing Covenant. Each of Holdings and Intermediate Holdings agrees that it will,

or will cause its relevant Restricted Subsidiaries to, complete each of the actions described on

Schedule 9.13 as soon as commercially reasonable and by no later than the date set forth on

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Schedule 9.13 with respect to such action or such later date as the Administrative Agent may reasonably

agree.

9.14[Reserved].

9.15Anti-Corruption, Etc. Within 90 days of commencing material business operations

outside of the United States, Intermediate Holdings shall adopt and maintain in effect policies and

procedures reasonably designed to promote and achieve compliance by Intermediate Holdings, its

Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws

and applicable Sanctions, and Intermediate Holdings, its Subsidiaries and their respective officers and

directors and, to the knowledge of Intermediate Holdings, employees and agents, shall comply with Anti-

Corruption Laws in all material respects and with applicable Sanctions. Holdings, Intermediate Holdings

and its Subsidiaries shall not use any Loan or Letter of Credit or the proceeds thereof in violation of any

Anti-Corruption Law or applicable Sanctions or in any other manner that would constitute or give rise to

a violation of Sanctions by any Lender.

Section 10.Negative Covenants.

Intermediate Holdings and its Restricted Subsidiaries (and solely with respect to Section 10.10,

Holdings) hereby covenants and agrees that on the Closing Date and thereafter, until the Commitments,

the Swingline Commitment and each Letter of Credit have terminated or been Cash Collateralized in

accordance with the terms of this Agreement and the Loans and Unpaid Drawings, together with interest,

Fees and all other Obligations incurred hereunder (other than contingent indemnity obligations as to

which no valid demand has been made, Secured Hedge Obligations, Secured Cash Management

Obligations and Letters of Credit Cash Collateralized in accordance with the terms of this Agreement),

are paid in full:

10.1Limitation on Indebtedness. Intermediate Holdings will not, and will not permit any of

its Restricted Subsidiaries to create, incur, issue, assume, guarantee or otherwise become liable,

contingently or otherwise (collectively, “incur” and collectively, an “incurrence”) with respect to any

Indebtedness (including Acquired Indebtedness), except that the foregoing limitations will not apply to:

(a)Indebtedness arising under the Credit Documents;

(b)[reserved];

(c)Indebtedness outstanding on the Closing Date (including any unused commitment, any

Capitalized Lease Obligations, intercompany Indebtedness, letter of credit obligations and Indebtedness

permitted to be outstanding on the Closing Date under the Acquisition Agreement) listed on

Schedule 10.1 (together with any Refinancing Indebtedness in respect thereof);

(d)(i) Indebtedness (including Capitalized Lease Obligations and purchase money

Indebtedness) to finance the purchase, lease, construction, installation, maintenance, replacement or

improvement of property (real or personal) or equipment that is used or useful in a Similar Business,

whether through the direct purchase of assets or the Capital Stock of any Person owning such assets and

Indebtedness arising from the conversion of the obligations of Intermediate Holdings or any Restricted

Subsidiary under or pursuant to any “synthetic lease” transactions to on-balance sheet Indebtedness of

Intermediate Holdings or such Restricted Subsidiary, in an aggregate principal amount not to exceed the

greater of (x) $14,000,000 and (y) 35% of Consolidated EBITDA for the most recently ended Test Period

(calculated on a Pro Forma Basis) at the time of incurrence (together with any Refinancing Indebtedness

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in respect thereof and all accrued interest, fees and expenses), (ii) Capitalized Lease Obligations assumed

in connection Permitted Acquisitions that are not incurred in contemplation of such Permitted

Acquisition (together with any Refinancing Indebtedness in respect thereof and all accrued interest, fees

and expenses) and (iii) Indebtedness arising out of Permitted Sale Leasebacks;

(e)Indebtedness (including letter of credit obligations consistent with past practice

constituting reimbursement obligations with respect to letters of credit issued in the ordinary course of

business), in respect of workers’ compensation claims, deferred compensation, performance or surety

bonds, health, disability or other employee benefits or property, casualty or liability insurance or

self-insurance or other Indebtedness with respect to reimbursement or indemnification type obligations

regarding workers’ compensation claims, performance or surety bonds, health, disability or other

employee benefits or property, casualty or liability insurance or self-insurance;

(f)Indebtedness arising from agreements of Intermediate Holdings or a Restricted

Subsidiary providing for indemnification, adjustment of purchase price, earn-out or similar obligations,

in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets

or a Subsidiary or other Person, other than guarantees of Indebtedness incurred by any Person acquiring

all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition;

(g)Indebtedness of Intermediate Holdings or a Restricted Subsidiary owing to Intermediate

Holdings or another Restricted Subsidiary; provided that, if Intermediate Holdings or a Guarantor incurs

such Indebtedness owing to a Restricted Subsidiary that is not a Guarantor, such Indebtedness is

subordinated in right of payment to the Guarantee of such Guarantor as the case may be on terms

reasonably satisfactory to the Administrative Agent (it being understood that any such Indebtedness

under this paragraph (g) shall be permitted to the extent permitted as an Investment pursuant to Section

10.6); provided, further, that any subsequent issuance or transfer of any Capital Stock or any other event

which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other

subsequent transfer of any such Indebtedness (except to Intermediate Holdings or another Restricted

Subsidiary) shall be deemed, in each case, to be an incurrence of such Indebtedness not permitted by this

clause;

(h)shares of preferred stock of a Restricted Subsidiary issued to Intermediate Holdings or

another Restricted Subsidiary; provided that any subsequent issuance or transfer of any Capital Stock or

any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or

any other subsequent transfer of any such shares of preferred stock (except to Intermediate Holdings or

another Restricted Subsidiary) shall be deemed in each case to be an issuance of such shares of preferred

stock not permitted by this clause;

(i)Hedging Obligations entered into in the ordinary course of business (excluding Hedging

Obligations entered into for speculative purposes);

(j)(i) obligations in respect of self-insurance and similar obligations provided by

Intermediate Holdings or any Restricted Subsidiary in the ordinary course of business or consistent with

past practice, (ii) Bonding Obligations of Intermediate Holdings or any Restricted Subsidiary incurred in

the ordinary course of business or consistent with past practice or industry norm or (iii) obligations in

respect of letters of credit, bank guarantees or similar instruments related thereto in the ordinary course

of business or consistent with past practice; provided that the face amount of such Bonding Obligations

under clause (ii) hereof shall not exceed $100,000,000 in the aggregate.

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(k)Indebtedness not otherwise permitted hereunder in an aggregate principal amount not to

exceed (together with any Refinancing Indebtedness in respect thereof) the greater of (x) $20,000,000

and (y) 50% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro

Forma Basis) at the time of incurrence;

(l)Indebtedness incurred or issued to refinance any Indebtedness incurred under clause (c)

or (d) or (k) above, this clause (l), and clauses (m), (q), (v) (subject to the terms set forth in clause (v)),

(x), (y), and (dd) below or any Indebtedness incurred or issued to so refinance, replace, refund, extend,

renew, defease, restructure, amend, restate or otherwise modify (collectively, “refinance”) such

Indebtedness (the “Refinancing Indebtedness”) prior to its respective maturity; provided that such

Refinancing Indebtedness (1) has a weighted average life to maturity at the time such Refinancing

Indebtedness is incurred which is not less than the remaining weighted average life to maturity of the

Indebtedness being refinanced, (2) to the extent such Refinancing Indebtedness refinances (i)

Indebtedness that is unsecured or secured by a Lien ranking junior to the Liens securing the Obligations,

such Refinancing Indebtedness is unsecured or secured by a Lien ranking junior to the Liens securing the

Obligations and (ii) Indebtedness subordinated to the Obligations, such Refinancing Indebtedness is

subordinated to the Obligations at least to the same extent as the Indebtedness being refinanced, (3) shall

not include Indebtedness of a Subsidiary of Intermediate Holdings that is not a Guarantor that refinances

Indebtedness of Intermediate Holdings or a Guarantor, (4) shall not be in a principal amount that exceeds

the amount of loans and commitments so refinanced (unless such additional amount constitutes a

utilization of a then available basket), plus fees, expenses, commissions, underwriting discounts and

premiums payable in connection therewith and (5) shall be subject to an Acceptable Intercreditor

Agreement or other customary intercreditor agreements, as applicable, that are entered into in form and

substance reasonably satisfactory to Intermediate Holdings and the Administrative Agent;

(m)Indebtedness of Persons that are acquired by Intermediate Holdings or any Restricted

Subsidiary or merged into or consolidated with Intermediate Holdings or a Restricted Subsidiary in

accordance with the terms hereof (including in connection with a Permitted Acquisition or through

designating an Unrestricted Subsidiary a Restricted Subsidiary); provided that (x) such Indebtedness

existed at the time of such acquisition, merger, consolidation or designation and was not incurred in

contemplation of such acquisition, merger, consolidation or designation, after giving effect to any such

acquisition, merger, consolidation or designation, (y) such Indebtedness is not (A) secured by any

property or assets other than the property or assets acquired or (B) guaranteed by any Credit Party (other

than a person acquired in a Permitted Acquisition or other investment or any person who merges with or

acquires the assets of such Person in connection with such Permitted Acquisition or other investment)

and (z) at the time such Indebtedness is incurred, Intermediate Holdings is in Pro Forma Compliance with

the financial covenant set forth in Section 10.9;

(n)Indebtedness arising from the honoring by a bank or other financial institution of a

check, draft or similar instrument drawn against insufficient funds in the ordinary course of business;

(o)(i) Indebtedness supported by a letter of credit, in a principal amount not in excess of the

stated amount of such letter of credit so long as such letter of credit is otherwise permitted to be incurred

pursuant to this Section 10.1, (ii) obligations in respect of letters of support, guarantees or similar

obligations issued, made or incurred for the benefit of any Subsidiary of Intermediate Holdings to the

extent required by law or in connection with any statutory filing or the delivery of audit opinions

performed in jurisdictions other than within the United States or (iii) Indebtedness in respect of letters of

credit obtained other than pursuant to this Agreement, so long as the aggregate undrawn face amount

thereof does not exceed $750,000 at any time outstanding;

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(p)(1) any guarantee by Intermediate Holdings or a Restricted Subsidiary of Indebtedness or

other obligations of any Restricted Subsidiary so long as in the case of a guarantee of Indebtedness by a

Restricted Subsidiary that is not a Guarantor, such Indebtedness could have been incurred directly by the

Restricted Subsidiary providing such guarantee or (2) any guarantee by a Restricted Subsidiary of

Indebtedness of Intermediate Holdings;

(q)Indebtedness of Restricted Subsidiaries that are not Guarantors in the aggregate not to

exceed (together with any Refinancing Indebtedness in respect thereof) the greater of (x) $16,000,000

and (y) 40% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro

Forma Basis) at the time of incurrence;

(r)Indebtedness of Intermediate Holdings or any of the Restricted Subsidiaries consisting of

(i) the financing of insurance premiums or (ii) take or pay obligations contained in supply arrangements in

each case, incurred in the ordinary course of business or consistent with past practice;

(s)(i) Indebtedness of Intermediate Holdings or any of the Restricted Subsidiaries

undertaken in connection with cash management and related activities with respect to any Subsidiary or

joint venture in the ordinary course of business, including with respect to financial accommodations of the

type described in the definition of “Cash Management Services” and (ii) Indebtedness owed on a short

term basis of no longer than 30 days to banks and other financial institutions incurred in the ordinary

course of business of Intermediate Holdings and its Restricted Subsidiaries with such banks or financial

institutions that arises in connection with ordinary banking arrangements to manage cash balances of

Intermediate Holdings and its Restricted Subsidiaries;

(t)Indebtedness consisting of Indebtedness issued by Intermediate Holdings or any of the

Restricted Subsidiaries to future, current or former officers, directors, managers and employees thereof,

their respective estates, spouses or former spouses, in each case to finance the purchase or redemption of

Equity Interests of Intermediate Holdings or any direct or indirect parent company of Intermediate

Holdings to the extent permitted by Sections 10.5 and 10.6;

(u)Indebtedness in respect of (i) Permitted Other Indebtedness to the extent that the Net

Cash Proceeds therefrom are applied to the prepayment of Term Loans in the manner set forth in Section

5.2(a)(iii) and (ii) any refinancing, refunding, renewal or extension of any Indebtedness specified in

subclause (i) above; provided that (x) the principal amount of any such Indebtedness is not increased

above the principal amount thereof outstanding immediately prior to such refinancing, refunding, renewal

or extension (except for any original issue discount thereon and the amount of fees, expenses, and

premium and accrued and unpaid interest in connection with such refinancing) and (y) such Indebtedness

otherwise complies with the definition of Permitted Other Indebtedness;

(v)so long as no Event of Default has occurred or is continuing at the time of incurrence of

such Indebtedness (or, if such Indebtedness is incurred in connection with a Limited Condition

Transaction, so long as no Event of Default shall exist at the time of execution of the definitive

documentation governing such Limited Condition Transaction and so long as no Event of Default under

Section 11.1 or Section 11.5 exists on the date such Indebtedness is incurred), Indebtedness in respect of

(i) Permitted Other Indebtedness; provided that the aggregate principal amount of all such Permitted

Other Indebtedness issued or incurred pursuant to this subclause (i) (together with any Refinancing

Indebtedness in respect thereof) shall not exceed the Maximum Incremental Facilities Amount, (ii) any

refinancing, refunding, renewal or extension of any Indebtedness specified in subclause (i) above to the

extent permitted pursuant to clause (l) above; provided further that, in each case under this clause (v), (x)

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such Indebtedness otherwise complies with the definition of Permitted Other Indebtedness and (y) any

such Indebtedness that meets the MFN Parameters shall be subject to the MFN Protection and ((A) (x)

rank pari passu or subordinate in right of payment with the Obligations;

(w)(i) Indebtedness in respect of Permitted Debt Exchange Notes incurred pursuant to a

Permitted Debt Exchange in accordance with Section 2.15 (and which does not generate any additional

proceeds) and (ii) any refinancing, refunding, renewal or extension of any Indebtedness specified in

subclause (i) above; provided that (x) the principal amount of any such Indebtedness is not increased

above the principal amount thereof outstanding immediately prior to such refinancing, refunding, renewal

or extension (except for any original issue discount thereon and the amount of fees, expenses, and

premium and accrued and unpaid interest in connection with such refinancing) and (y) such Indebtedness

otherwise complies with the definition of Permitted Other Indebtedness;

(x)Indebtedness (including Indebtedness incurred to consummate a Permitted Acquisition or

other Investment and Acquired Indebtedness incurred in connection with or in contemplation of a

Permitted Acquisition or other Investment), subject to an Acceptable Intercreditor Agreement or other

applicable intercreditor arrangements (if any) applicable to the priority of Indebtedness contemplated

thereby, in an unlimited amount so long as (i) in the case of Indebtedness secured by Liens on the

Collateral on a pari passu basis with Liens on the Collateral securing the Obligations, the Consolidated

First Lien Secured Debt to Consolidated EBITDA Ratio (calculated on a Pro Forma Basis) shall be less

than or equal to 5.00:1.00; provided, however, that any Indebtedness that meets the MFN Parameters

incurred pursuant to this clause (i) (and any Refinancing Indebtedness in respect thereof) shall be subject

to the MFN Protection, (ii) in the case of Indebtedness secured by Liens on the Collateral on a junior lien

basis with the Liens on the Collateral securing the Obligations, the Consolidated Senior Secured Debt to

Consolidated EBITDA Ratio (calculated on a Pro Forma Basis) shall be less than or equal to 5.50:1.00

and (iii) in the case of Indebtedness that is unsecured or secured by assets other than Collateral, the

Consolidated Total Debt to Consolidated EBITDA Ratio (calculated on a Pro Forma Basis) shall be less

than or equal to 6.00:1.00; provided that the amount of Indebtedness that may be incurred pursuant to this

clause (x) by Restricted Subsidiaries that are not Guarantors (together with Refinancing Indebtedness in

respect thereof) shall not exceed the greater of (x) $16,000,000 and (y) 40% of Consolidated EBITDA

for the most recently ended Test Period (calculated on a Pro Forma Basis) at the time of incurrence;

provided, further, that any such Indebtedness otherwise complies with the definition of Permitted Other

Indebtedness;

(y)unsecured Indebtedness, Disqualified Stock and preferred stock of Intermediate Holdings

or any Restricted Subsidiary in an aggregate principal amount (together with any Refinancing

Indebtedness in respect thereof) up to 100% of the net cash proceeds received by Intermediate Holdings

since immediately after the Closing Date from the issue or sale of Equity Interests of Intermediate

Holdings or cash contributed to the capital of Intermediate Holding (in each case, other than proceeds of

Cure Amounts, Disqualified Stock or sales of Equity Interests to Intermediate Holdings or any of its

Subsidiaries) as determined in accordance with clauses (c) and (d) of the definition of “Available

Amount” to the extent such net cash proceeds or cash have not been applied pursuant to such clauses to

make Restricted Payments, Investments or prepayments of Junior Debt pursuant to Section 10.5, 10.6 or

10.7;

(z)unsecured Indebtedness that represents accrued (or deferred) and unpaid management

fees to the Sponsor or its Affiliates; provided, that the payment of such management fees in respect of

such Indebtedness is not otherwise prohibited under Section 10.5;

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(aa)Accounts payable (for the deferred purchase price of property or services) from time to

time incurred in the ordinary course of business;

(bb)Indebtedness arising in connection with endorsement of instruments for deposit in the

ordinary course of business;

(cc)Indebtedness representing deferred compensation to employees of Intermediate Holdings

or the Restricted Subsidiaries or similar arrangements (including, without limitation, Indebtedness issued

in connection with Restricted Payments permitted under Section 10.5(d));

(dd)Indebtedness consisting of local lines of credit, asset based facilities or other ordinary

course working capital facilities of Foreign Subsidiaries that are non-recourse to Intermediate Holdings

or any Guarantor in an aggregate amount not to exceed (together with any Refinancing Indebtedness in

respect thereof) the greater of $10,000,000 and 25% of Consolidated EBITDA for the most recently

ended Test Period (calculated on a Pro Forma Basis); and

(ee)Indebtedness of any Subsidiary incurred pursuant to a Permitted Receivables Financing.

Accrual of interest (including “paid-in-kind” interest) or dividends, the accretion of accreted value, the

accretion or amortization of original issue discount and the payment of interest or dividends in the form of

additional Indebtedness will not be deemed to be an incurrence of Indebtedness for purposes of this

covenant. Any Refinancing Indebtedness and any Indebtedness incurred to refinance Indebtedness

incurred pursuant to clauses (a) and (y) above shall be deemed to include additional Indebtedness incurred

to pay premiums (including reasonable tender premiums), defeasance costs, fees and expenses in

connection with such refinancing.

10.2Limitation on Liens. Intermediate Holdings will not, and will not permit any of its

Restricted Subsidiaries to, create, incur, assume or suffer to exist any Lien upon any property or assets of

any kind (real or personal, tangible or intangible) of Intermediate Holdings or any Restricted Subsidiary,

whether now owned or hereafter acquired, except:

(a)Liens securing the Obligations pursuant to the Security Documents;

(b)Permitted Liens;

(c)Liens in existence on the Closing Date and disclosed on Schedule 10.2;

(d)Liens existing at the time such property is acquired on property acquired by Intermediate

Holdings or any of the Restricted Subsidiaries after the Closing Date or Liens existing on Property of a

Person immediately prior to such Person being consolidated with or merged into Intermediate Holdings

or any of the Restricted Subsidiaries or such Person becoming a Restricted Subsidiary; provided that (a)

no such Lien shall have been created or assumed in contemplation of such acquisition, consolidation or

merger or such Person’s becoming a Restricted Subsidiary, (b) each such Lien shall at all times be

confined solely to the Property so acquired and (c) the incurrence of any Indebtedness secured by such

Liens will not otherwise cause a Default hereunder;

(e)Liens to extend or renew Liens permitted by clauses (c) and (d) above so long as such

Liens do not extend to any property not subject to the original Lien;

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(f)Liens securing Indebtedness incurred pursuant to Section 10.1(d); provided that any such

Liens attach only to the property being financed pursuant to such Indebtedness and do not encumber any

other property of Intermediate Holdings or any of its Restricted Subsidiaries;

(g)Liens securing Indebtedness on a pari passu or junior basis on the Collateral securing the

Obligations and outstanding pursuant to Section 10.1(k), subject to an Acceptable Intercreditor

Agreement or other applicable intercreditor arrangements (if any) applicable to the priority of

Indebtedness contemplated thereby, or Section 10.1(o)(iii) (including first priority liens on cash collateral

securing such Indebtedness);

(h)Liens securing Indebtedness outstanding pursuant to clauses (i), (l), (m), (q) (provided

such Liens shall be limited to Liens on the assets of the Restricted Subsidiaries that are not Guarantors),

(u), (v), (w), (x), (dd) (provided such Lien shall be limited to Liens secured by the assets of Restricted

Subsidiaries that are not Guarantors) or (gg) of Section 10.1, subject to an Acceptable Intercreditor

Agreement or other applicable customary intercreditor arrangements (if any) applicable to the priority of

Indebtedness contemplated thereby on terms reasonably acceptable to the Administrative Agent and

Intermediate Holdings;

(i)Liens securing Hedging Obligations and Cash Management Services, so long as the

related Indebtedness is, and is permitted hereunder to be, secured by a Lien on the same property

securing such Hedging Obligations and Cash Management Services;

(j)(i) Deposits securing liability to insurance carriers under insurance plans and (ii) pledges

and deposits securing liability for reimbursement or indemnification obligations of (including obligations

in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing property,

casualty or liability insurance to Intermediate Holdings or any Restricted Subsidiary;

(k)Liens solely on any cash earnest money deposits made by Intermediate Holdings or any

of the Restricted Subsidiaries in connection with any letter of intent or purchase agreement in connection

with a Permitted Acquisition;

(l)Liens on securities that are the subject of repurchase agreements constituting Cash

Equivalents;

(m)Liens that are contractual rights of set-off (a) relating to the establishment of depository

relations with banks not given in connection with the issuance of Indebtedness, (b) relating to pooled

deposits or sweep accounts of Intermediate Holdings or any of the Restricted Subsidiaries to permit

satisfaction of overdraft or similar obligations incurred in the ordinary course of business of Intermediate

Holdings and the Restricted Subsidiaries or (c) relating to purchase orders and other agreements entered

into with customers in the ordinary course of business;

(n)Liens in favor of a Credit Party;

(o)Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to

Intermediate Holdings or any Restricted Subsidiary permitted to be incurred in accordance with

Section 10.1;

(p)Liens to secure any refinancing, refunding, extension, renewal or replacement (or

successive refinancing, refunding, extensions, renewals or replacements) as a whole, or in part, of any

Indebtedness secured by any Lien referred to in clauses (a), (f), (g), (h), (n) and (o) of this Section 10.2;

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provided that (a) such new Lien shall be limited to all or part of the same property that secured the

original Lien (plus improvements on such property), and (b) the Indebtedness secured by such Lien at

such time is not increased to any amount greater than the sum of (1) the outstanding principal amount or,

if greater, the committed amount of the Indebtedness described in clauses (a), (f), (g), (h), (n) and (o) at

the time the original Lien became permitted under this Agreement, and (2) an amount necessary to pay

any fees and expenses, including premiums and accrued and unpaid interest, related to such refinancing,

refunding, extension, renewal, or replacement;

(q)Liens granted by any Restricted Subsidiary pursuant to a Permitted Receivables

Financing securing debt incurred pursuant to Section 10.1(ee); and

(r)Liens securing Bonding Obligations incurred in the ordinary course of business or

consistent with past practice or industry norm and permitted under Section 10.1(j)(ii).

10.3Limitation on Fundamental Changes. Intermediate Holdings will not, and will not permit

any of its Restricted Subsidiaries to, enter into any merger, consolidation or amalgamation, or liquidate,

wind up, strike-off or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease,

assign, transfer or otherwise dispose of, all or substantially all its business units, assets or other

properties, except that:

(a)so long as no Event of Default has occurred and is continuing or would result therefrom,

any Subsidiary of Intermediate Holdings or any other Person may be merged, amalgamated or

consolidated with or into the Borrower; provided that (A) the Borrower shall be the continuing or

surviving corporation or (B) if the Person formed by or surviving any such merger, amalgamation or

consolidation is not the Borrower (such other Person, the “Successor Borrower”), (1) the Successor

Borrower shall be an entity organized or existing under the laws of the United States, any state thereof,

the District of Columbia or any territory thereof, (2) the Successor Borrower shall expressly assume all

the obligations of the Borrower under this Agreement and the other Credit Documents pursuant to a

supplement hereto or thereto or in a form otherwise reasonably satisfactory to the Administrative Agent,

(3) each Guarantor, unless it is the other party to such merger, amalgamation or consolidation, shall have,

by a supplement to the Guarantee, confirmed that its guarantee thereunder shall apply to any Successor

Borrower’s obligations under this Agreement, (4) each Subsidiary grantor and each Subsidiary pledgor,

unless it is the other party to such merger, amalgamation or consolidation, shall have, by a supplement to

any applicable Security Document, affirmed that its obligations thereunder shall apply to its Guarantee as

reaffirmed pursuant to clause (3), (5) each mortgagor of a Mortgaged Property, unless it is the other party

to such merger, amalgamation or consolidation, shall have affirmed that its obligations under the

applicable Mortgage shall apply to its Guarantee as reaffirmed pursuant to clause (3), and (6) the

Successor Borrower shall have delivered to the Administrative Agent (x) an officer’s certificate stating

that such merger, amalgamation, or consolidation and such supplements preserve the enforceability of the

Guarantee and the perfection and priority of the Liens under the applicable Security Documents, (y) if

requested by the Administrative Agent, an opinion of counsel to the effect that such merger,

amalgamation, or consolidation does not violate this Agreement or any other Credit Document and that

the provisions set forth in the preceding clauses (3) through (5) preserve the enforceability of the

Guarantee and the perfection of the Liens created under the applicable Security Documents (it being

understood that if the foregoing are satisfied, the Successor Borrower will succeed to, and be substituted

for, the Borrower under this Agreement) and (z) all reasonably requested documentation and other

information regarding the Successor Borrower requested in connection with applicable “know your

customer” and anti-money laundering rules and regulations, to the extent requested within three (3)

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Business Days of the Administrative Agent being provided written notice of the Successor Borrower

transaction;

(b)so long as no Event of Default has occurred and is continuing or would result therefrom,

any Subsidiary of Intermediate Holdings or any other Person (in each case, other than the Borrower) may

be merged, amalgamated or consolidated with or into any one or more Subsidiaries of Intermediate

Holdings; provided that (i) in the case of any merger, amalgamation or consolidation involving one or

more Restricted Subsidiaries, (A) a Restricted Subsidiary shall be the continuing or surviving Person or

(B) the Borrower shall cause the Person formed by or surviving any such merger, amalgamation or

consolidation (if other than a Restricted Subsidiary) to become a Restricted Subsidiary, (ii) in the case of

any merger, amalgamation or consolidation involving one or more Guarantors, a Guarantor shall be the

continuing or surviving Person or the Person formed by or surviving any such merger, amalgamation or

consolidation and if the surviving Person is not already a Guarantor, such Person shall execute a

supplement to the Guarantee and the relevant Security Documents in form and substance reasonably

satisfactory to the Administrative Agent in order to become a Guarantor and pledgor, mortgagor and

grantor, as applicable, thereunder for the benefit of the Secured Parties, and (iii) the Borrower shall have

delivered to the Administrative Agent an officer’s certificate stating that such merger, amalgamation or

consolidation and any such supplements to any Security Document preserve the enforceability of the

Guarantees and the perfection and priority of the Liens under the applicable Security Documents;

(c)the Transactions may be consummated;

(d)(i) any Restricted Subsidiary that is not a Credit Party may convey, sell, lease, assign,

transfer or otherwise dispose of any or all of its assets (upon voluntary liquidation or dissolution or

otherwise) to Intermediate Holdings or any Restricted Subsidiary or (ii) any Credit Party (other than the

Borrower, Intermediate Holdings or Holdings) may convey, sell, lease, assign, transfer or otherwise

dispose of any or all of its assets (upon voluntary liquidation or dissolution or otherwise) to any other

Credit Party;

(e)any Subsidiary (other than the Borrower, Intermediate Holdings or Holdings) may

convey, sell, lease, assign, transfer or otherwise dispose of any or all of its assets (upon voluntary

liquidation or dissolution or otherwise) to a Credit Party; provided that the consideration for any such

disposition by any Person other than a Guarantor shall not exceed the fair value of such assets (as

determined by Intermediate Holdings in good faith);

(f)Intermediate Holdings and the Restricted Subsidiaries may consummate a merger,

dissolution, liquidation, consolidation, investment or conveyance, sale, lease, assignment or disposition,

the purpose of which is to effect an Asset Sale permitted by Section 10.4 or an investment permitted

pursuant to Section 10.6; and

(g)undertaking or consummating any IPO Reorganization Transactions.

10.4Limitation on Sale of Assets. Intermediate Holdings will not, and will not permit any of

its Restricted Subsidiaries to, consummate an Asset Sale, unless:

(a)(i) Intermediate Holdings or such Restricted Subsidiary, as the case may be, receives

consideration at the time of such Asset Sale at least equal to the Fair Market Value (as determined in

good faith by Intermediate Holdings at the time of contractually agreeing to such Asset Sale) of the assets

sold or otherwise disposed of and (ii) no Event of Default shall have occurred and be continuing at the

time of execution of the definitive documentation in respect of such Asset Sale and no Event of Default

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pursuant to Sections 11.1 or 11.5 (with respect to the Borrower) shall have occurred and be continuing at

the time of consummation of such Asset Sale;

(b)Intermediate Holdings or such Restricted Subsidiary may consummate any Asset Sale

required by the U.S. Department of Justice as a condition to anti-trust clearance; and

(c)except in the case of a Permitted Asset Swap (but subject to the last sentence of this

clause), if the property or assets sold or otherwise disposed of have a Fair Market Value in excess of the

greater of $2,000,000 and 5% of Consolidated EBITDA for the most recently ended Test Period

(calculated on a Pro Forma Basis), at least 75% of the consideration therefor received by Intermediate

Holdings or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents;

provided that the amount of:

(i)any liabilities (as reflected on Intermediate Holdings’ most recent consolidated

balance sheet or in the footnotes thereto, or if incurred or accrued subsequent to the date of such balance

sheet, such liabilities that would have been reflected on Intermediate Holdings’ consolidated balance

sheet or in the footnotes thereto if such incurrence or accrual had taken place on or prior to the date of

such consolidated balance sheet, as determined in good faith by Intermediate Holdings) of Intermediate

Holdings, other than liabilities that are by their terms subordinated to the Loans, that are assumed by the

transferee of any such assets (or are otherwise extinguished in connection with the transactions relating to

such Asset Sale) and for which Intermediate Holdings and all such Restricted Subsidiaries have been

validly released by all applicable creditors in writing;

(ii)any securities, notes or other obligations or assets received by Intermediate

Holdings or such Restricted Subsidiary from such transferee that are converted by Intermediate Holdings

or such Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to be satisfied

for cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received), in each case, within

180 days following the closing of such Asset Sale;

(iii)Indebtedness, other than liabilities that are by their terms subordinated to the

Loans, that are of any Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such

Asset Sale, to the extent that Intermediate Holdings and all Restricted Subsidiaries have been validly

released from any Guarantee of payment of such Indebtedness in connection with such Asset Sale;

(iv)any Designated Non-Cash Consideration received by Intermediate Holdings or

such Restricted Subsidiary in such Asset Sale having an aggregate Fair Market Value, taken together

with all other Designated Non-Cash Consideration received pursuant to this clause (iv) that is at that time

outstanding, not to exceed the greater of $8,000,000 and 20% of Consolidated EBITDA for the most

recently ended Test Period (calculated on a Pro Forma Basis) at the time of the receipt of such

Designated Non-Cash Consideration, with the Fair Market Value of each item of Designated Non-Cash

Consideration being measured at the time received and without giving effect to subsequent changes in

value, shall be deemed to be cash for purposes of this clause (c) of this provision and for no other

purpose; and

(v)no Event of Default shall have occurred and be continuing at the execution of

definitive documentation in respect of such Asset Sale and no Event of Default under Sections 11.1 or

11.5 shall have occurred and be continuing at the consummation of such Asset Sale.

Within the Reinvestment Period after Intermediate Holdings’ or any Restricted Subsidiary’s

receipt of the Net Cash Proceeds of any Asset Sale (including any cash or Cash Equivalents received by

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the Borrower or Restricted Subsidiary in connection with any Permitted Asset Swap), Intermediate

Holdings or such Restricted Subsidiary shall apply the Net Cash Proceeds from such Asset Sale:

(A)(x) to prepay Loans or Permitted Other Indebtedness in accordance with

Section 5.2(a)(i); and/or

(B)to make investments in Intermediate Holdings and its Subsidiaries;

provided that Intermediate Holdings and the Restricted Subsidiaries will be deemed to have complied

with this clause (B) if and to the extent that, within the Reinvestment Period after the Asset Sale that

generated the Net Cash Proceeds, Intermediate Holdings or such Restricted Subsidiary has entered into

and not abandoned or rejected a binding agreement or letter of intent to consummate any such investment

described in this clause (B) with the good faith expectation that such Net Cash Proceeds will be applied

to satisfy such commitment within 180 days of such commitment and, in the event any such commitment

is later cancelled or terminated for any reason before the Net Cash Proceeds are applied in connection

therewith, Intermediate Holdings or such Restricted Subsidiary prepays the Loans in accordance with

Section 5.2(a)(i).

(d)Pending the final application of any Net Cash Proceeds pursuant to this covenant,

Intermediate Holdings or the applicable Restricted Subsidiary may apply such Net Cash Proceeds

temporarily to reduce Indebtedness outstanding under the Revolving Credit Facility or any other

revolving credit facility or otherwise invest such Net Cash Proceeds in any manner not prohibited by this

Agreement.

10.5Limitation on Restricted Payments. The Borrower will not, and will not permit any of its

Restricted Subsidiaries to, declare, pay or make any Restricted Payment, except:

(a)the Borrower may declare and pay dividends with respect to its Equity Interests payable

solely in additional shares of its common stock;

(b)Restricted Subsidiaries may declare and pay dividends ratably with respect to their Equity

Interests;

(c)the Borrower may make Restricted Payments pursuant to and in accordance with stock

option plans or other benefit plans for management, employees or independent consultants of the

Borrower and the Restricted Subsidiaries;

(d)the Borrower may make Restricted Payments to pay for the repurchase, retirement or

other acquisition or retirement for value of Equity Interests of the Borrower or any direct or indirect

Parent Entity or management investment vehicle held by any future, present or former employee,

director, manager or consultant of the Borrower or any of its Subsidiaries, or their estates, descendants,

family, spouse or former spouse pursuant to any management equity plan or stock option or phantom

equity plan or any other management or employee benefit plan or agreement, or any stock subscription or

shareholder agreement; provided that the aggregate Restricted Payments made under this clause (d)

subsequent to the Closing Date do not exceed $7,500,000 in any calendar year;

(e)the Borrower may purchase, redeem or otherwise acquire Equity Interests issued by it

with the proceeds received from the substantially concurrent issuance of its Equity Interests;

(f)the Borrower may repurchase fractional shares of its Equity Interests arising out of stock

dividends, splits or combinations, business combinations or conversions of convertible securities;

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(g)the Borrower or any Subsidiary may receive or accept the return to the Borrower or any

Restricted Subsidiary of Equity Interests of the Borrower or any Subsidiary constituting a portion of the

purchase price consideration in settlement of indemnification claims;

(h)the Borrower or any Subsidiary may make payments or distributions to dissenting

stockholders pursuant to applicable law;

(i)the Borrower or any Restricted Subsidiary may make Restricted Payments in an amount

not to exceed the Available Amount; provided that no Event of Default shall have occurred and be

continuing or would result therefrom and, solely with respect to Restricted Payments made in reliance on

the Available Amount Builder Component, after giving effect thereto on a Pro Forma Basis, the

Consolidated Total Debt to Consolidated EBITDA Ratio is not greater than 4.25 to 1.00;

(j)[Reserved];

(k)the declaration and payment of dividends by or the making of loans to the Borrower or

any direct or indirect parent company of the Borrower in amounts required for any direct or indirect

parent company to pay (A) franchise, excise and other similar taxes, and other fees and expenses,

required, in each case, to maintain its organizational existence, (B) customary salary, bonus and other

benefits payable to officers, employees, directors, and managers of any direct or indirect parent company

of the Borrower to the extent such salaries, bonuses and other benefits are attributable to the ownership

or operation of the Borrower and its Restricted Subsidiaries, including the Borrower’s proportionate share

of such amount relating to such Parent Entity being a public company, (C) general corporate or other

operating (including, without limitation, expenses related to filing, auditing or other accounting matters)

and overhead costs and expenses of any direct or indirect Parent Entity to the extent such costs and

expenses are attributable to the ownership or operation of the Borrower and its Restricted Subsidiaries,

including the Borrower’s proportionate share of such amount relating to such Parent Entity being a public

company and (D) amounts required for any direct or indirect Parent Entity to pay fees and expenses

incurred by any direct or indirect Parent Entity related to (i) the maintenance by such parent entity of its

corporate or other entity existence and (ii) transactions of such Parent Entity of the type described in

clause (x) of the definition of Consolidated Net Income;

(l)the Borrower may make Restricted Payments to Holdings or any direct or indirect parent

company that are used by the Borrower or such parent company to satisfy its obligations pursuant to its

organizational documents, in each case, as in effect on the Closing Date with respect to indemnifying its

direct or indirect parent company, managing member, officers and directors, with respect to liabilities

incurred in performing work for the benefit of the Borrower and the other Restricted Subsidiaries;

(m)so long as no Event of Default shall have occurred and be continuing at the time of

payment thereof, the Borrower or any Restricted Subsidiary may make additional Restricted Payments,

so long as, after giving effect thereto on a Pro Forma Basis, the Consolidated Total Debt to Consolidated

EBITDA Ratio is not greater than 4.00:1.00;

(n)(A) the declaration and payment of dividends to the Borrower in respect of Designated

Preferred Stock (other than Disqualified Stock) issued by the Borrower after the Closing Date or (B) the

declaration and payment of dividends to any direct or indirect parent company of the Borrower, the

proceeds of which will be used to fund the payment of dividends to holders of any class or series of

Designated Preferred Stock (other than Disqualified Stock) of such parent company issued after the

Closing Date; provided that the amount of dividends paid pursuant to this clause (B) shall not exceed the

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aggregate amount of cash actually contributed to the Borrower from the sale of such Designated

Preferred Stock;

(o)(i) payments made or expected to be made by the Borrower or any Restricted Subsidiary

in respect of withholding or similar Taxes (for the avoidance of doubt, excluding any income or similar

Taxes) payable upon exercise of Equity Interests by any future, present or former employee, director,

manager or consultant and repurchases of Equity Interests deemed to occur upon exercise of stock

options or warrants if such Equity Interests represent a portion of the exercise price of such options or

warrants and (ii) payments or other adjustments to outstanding Equity Interests in accordance with any

management equity plan, stock option plan or any other similar employee benefit plan, agreement or

arrangement in connection with any Restricted Payment;

(p)after an IPO, the declaration and payment of dividends on the Borrower’s common

Equity Interests (or the payment of dividends to any direct or indirect parent of the Borrower to fund the

payment by any direct or indirect parent of the Borrower of dividends on such entity’s common Equity

Interests) of the greater of (x) up to 7.0% per annum of the cash proceeds net of underwriting fees

received by the Borrower from any public offering of Equity Interests or contributed to the Borrower by

any direct or indirect parent of the Borrower from any public offering of Equity Interests and (y) an

aggregate amount per annum not to exceed 7.0% of Market Capitalization;

(q)the Borrower or any Restricted Subsidiary may purchase the Equity Interests of the

Borrower or any Restricted Subsidiary;

(r)so long as no Event of Default shall have occurred or be continuing at the time of

payment thereof, other Restricted Payments, taken together with all other Restricted Payments made

pursuant to this clause, in an aggregate amount not to exceed the greater of (x) $14,000,000 and (y) 35%

of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis);

(s)for any taxable period for which the Borrower is treated as a partnership, disregarded

entity or other pass-through entity for U.S. federal income tax purposes (other than any such entity that is

wholly-owned (directly or indirectly) by a C corporation for U.S. federal income tax purposes, the

Borrower may make cash distributions (the “Tax Distributions”) to its direct and indirect equity holders

to pay U.S. federal, state and/or local income taxes (as the case may be) attributable to the income of the

Borrower and its Subsidiaries that are pass-through entities for such tax purposes for any such taxable

period in an aggregate amount not to exceed the product of (1) the total net taxable income of the

Borrower and such Subsidiaries for such taxable period and (2) the highest combined federal, state and

local income tax rate applicable to any such direct or indirect owner for such taxable period (taking into

account (a) character of the income and deductibility of state and local taxes (subject to any applicable

limitations on deductibility) and (b) any net operating loss carryovers attributable to the Borrower and its

Subsidiaries, as the case may be, for taxable periods (or portion thereof) beginning after the Closing

Date, to the extent such carryforwards are available to offset the taxable income of the Borrower and its

Subsidiaries for such taxable year under applicable law, but excluding (x) allocations under Section

704(c) of the Code) and (y) any adjustment resulting from the step-up to the tax basis of property at the

equity holder level pursuant to Section 734, 743, or 754 of the Code and any comparable provision of

state and local income tax law, net of any payments already made or withheld by the Borrower or such

Subsidiaries for such taxes; provided, that dividends and distributions for this purpose with respect to any

Unrestricted Subsidiary shall be permitted solely to the extent of the amount of cash received from such

Unrestricted Subsidiary for such purpose;

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(t)to the extent constituting Restricted Payments, the Borrower and its Restricted

Subsidiaries may enter into and consummate transactions expressly permitted by any provision of Section

10.3, Section 10.6 or Section 10.14;

(u)(i) any Restricted Payment made in connection with the Transactions (including to

holders of Equity Interests of the Borrower (immediately prior to giving effect to the Transactions) in

connection with, or as a result of, their exercise of appraisal rights and the settlement of any claims or

actions (whether actual, contingent or potential) with respect thereto), in each case, with respect to the

Transactions and the fees and expenses related thereto or used to fund amounts owed to Affiliates

(including dividends to any direct or indirect parent company of the Borrower to permit payment by such

parent of such amount), to the extent permitted by Section 10.14 (other than clause (b) thereof), and (ii)

Restricted Payments in respect of working capital adjustments or purchase price adjustments pursuant to

the Acquisition Agreement, any Permitted Acquisition or other Permitted Investment and to satisfy

indemnity and other similar obligations under the Acquisition Agreement, any Permitted Acquisitions or

other Permitted Investments; and

(v)AHYDO Payments with respect to Indebtedness of the Borrower and its Restricted

Subsidiaries.

10.6Limitation on Investments. Intermediate Holdings will not, and will not permit any of its

Restricted Subsidiaries to, make, purchase or acquire any Investments, except (each, a “Permitted

Investment”):

(a)any Investment in Intermediate Holdings or any Restricted Subsidiary (including

intercompany loans, reorganizations and other similar activities); provided that Investments made

pursuant to this clause (a) (i) in the form of intercompany Indebtedness owing to a Restricted Subsidiary

that is not a Credit Party, shall be subject to the limitations set forth in Section 10.1(g) and (ii) by

Intermediate Holdings or a Guarantor in Restricted Subsidiaries that are not Guarantors shall not exceed

at any time, together with other outstanding Investments made pursuant to Section 10.6(c)(E), the greater

of (x) $24,000,000 and (y) 60% of Consolidated EBITDA for the most recently ended Test Period

(calculated on a Pro Forma Basis) at the time such Investment is made; provided that such cap shall not

apply to any transactions arising from cash management, tax and/or accounting operations made in the

ordinary course of business.

(b)any Investment in cash, Cash Equivalents, or Investment Grade Securities at the time

such Investment is made;

(c)(i) any transactions or Investments otherwise made in connection with the Transactions

and (ii) any purchase or other acquisition, by merger or otherwise, by Intermediate Holdings or any

Restricted Subsidiary of all or substantially all of the Equity Interests in, or all or substantially all the

assets of (or all or substantially all the assets constituting a business unit, division, product line or line of

business of (including research and development and related assets in respect of any product)), any Person

(each, a “Permitted Acquisition”), provided that (A) in the case of any purchase or other acquisition of

Equity Interests in a Person, such Person, upon the consummation of such acquisition, will be a Restricted

Subsidiary (including as a result of a merger or consolidation between any Restricted Subsidiary and such

Person), (B) the business of such Person, or such assets, as the case may be, constitute a business

permitted by Section 10.11, (C) Intermediate Holdings shall comply with Section 9.13 with respect to

each such Person, (D) the absence of an Event of Default under Section 11.1 and Section 11.5 shall exist

at the time of consummation and (E) acquisitions of entities whose Equity Interests are being acquired do

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not become Guarantors shall not exceed at any time, together with other outstanding Investments made

pursuant to Section 10.06(a)(ii) (unless not subject to any cap thereof), the greater of (x) $24,000,000 and

(y) 60% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma

Basis) at the time of such Investment (with the Fair Market Value of each Investment being measured at

the time made and without giving effect to subsequent changes in value);

(d)any Investment in securities or other assets not constituting cash, Cash Equivalents or

Investment Grade Securities and received in connection with an Asset Sale made pursuant to Section

10.4 or any other disposition of assets not constituting an Asset Sale;

(e)(i) any Investment existing or contemplated on the Closing Date and listed on Schedule

10.6 and (ii) Investments consisting of any modification, replacement, renewal, reinvestment or extension

of any such Investment; provided that the amount of any such Investment is not increased from the

amount of such Investment on the Closing Date except pursuant to the terms of such Investment

(including in respect of any unused commitment), plus any accrued but unpaid interest (including any

portion thereof which is payable in kind in accordance with the terms of such modified, extended,

renewed or replaced Investment) and any premium payable by the terms of such Indebtedness thereon

and fees and expenses associated therewith as of the Closing Date;

(f)any Investment acquired by a Intermediate Holdings or any Restricted Subsidiary (i) in

exchange for any other Investment or accounts receivable held by a Intermediate Holdings or any such

Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or

recapitalization of such other Investment or accounts receivable or (ii) as a result of a foreclosure by a

Intermediate Holdings or any Restricted Subsidiary with respect to any secured Investment or other

transfer of title with respect to any secured Investment in default;

(g)Hedging Obligations permitted under Section 10.1 and Cash Management Services;

(h)guarantees of Indebtedness permitted under Section 10.1 and Investments to the extent

constituting Permitted Liens;

(i)any transaction to the extent it constitutes an Investment that is permitted and made in

accordance with the provisions of Section 10.14 (except transactions described in clause (b) of Section

10.14);

(j)Investments consisting of purchases and acquisitions of inventory, supplies, material,

equipment or other similar assets in the ordinary course of business;

(k)loans and advances to or guarantees of Indebtedness of officers, directors, managers and

employees not to exceed the greater of $6,000,000 and 15% of Consolidated EBITDA for the most

recently ended Test Period, at any time outstanding;

(l)Investments consisting of extensions of trade credit in the ordinary course of business;

(m)Investments in the ordinary course of business consisting of Uniform Commercial Code

Article 3 endorsements for collection or deposit and Uniform Commercial Code Article 4 customary

trade arrangements with customers consistent with past practices;

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(n)non-cash Investments in connection with tax planning and reorganization activities;

provided that after giving effect to any such activities, the security interests of the Lenders in the

Collateral, taken as a whole, would not be materially impaired;

(o)Investments made in the ordinary course of business in connection with obtaining,

maintaining or renewing client, franchisee and customer contracts and loans or advances made to, and

guarantees with respect to obligations of, franchisees, distributors, suppliers, licensors and licensees in

the ordinary course of business;

(p)Investments consisting of the licensing, sub-licensing and contribution of Intellectual

Property pursuant to joint development, venture or marketing arrangements with other Persons in the

ordinary course of business;

(q)contributions to a “rabbi” trust for the benefit of employees, directors, consultants,

independent contractors or other service providers or other grantor trust subject to claims of creditors in

the case of a bankruptcy of the Borrower or Intermediate Holdings;

(r)Investments by an Unrestricted Subsidiary entered into prior to the day such Unrestricted

Subsidiary is redesignated as a Restricted Subsidiary pursuant to the definition of “Unrestricted

Subsidiary”;

(s)other Investments made with any portion of the Available Amount;

(t)so long as no Event of Default pursuant to Sections 11.1 and 11.5 shall have occurred

and be continuing at the time of such Investment, Intermediate Holdings or any Restricted Subsidiary

may make additional Investments so long as, after giving effect thereto on a Pro Forma Basis, the

Consolidated Total Debt to Consolidated EBITDA Ratio is not greater than 4.75:1.00.

(u)any Investment in a Similar Business having an aggregate Fair Market Value, taken

together with all other Investments made pursuant to this clause (u) that are at that time outstanding, not

to exceed the greater of (a) $10,000,000 and (b) 25% of Consolidated EBITDA for the most recently

ended Test Period (calculated on a Pro Forma Basis) at the time of such Investment (with the Fair Market

Value of each Investment being measured at the time made and without giving effect to subsequent

changes in value); provided, however, that if any Investment pursuant to this clause (u) is made in any

Person that is not a Restricted Subsidiary at the date of the making of such Investment and such Person

becomes a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been

made pursuant to clause (a) above (to the extent such Investment would otherwise be permitted

thereunder at such time) and shall cease to have been made pursuant to this clause (u) for so long as such

Person continues to be a Restricted Subsidiary;

(v)additional Investments having an aggregate Fair Market Value, taken together with all

other Investments made pursuant to this clause (v), (without giving effect to the sale of an Unrestricted

Subsidiary to the extent the proceeds of such sale do not consist of cash or marketable securities), not to

exceed the greater of (a) $20,000,000 and (b) 50% of Consolidated EBITDA for the most recently ended

Test Period (calculated on a Pro Forma Basis) at the time of such Investment (with the Fair Market Value

of each Investment being measured at the time made and without giving effect to subsequent changes in

value); provided, however, that if any Investment pursuant to this clause (v) is made in any Person that is

not a Restricted Subsidiary at the date of the making of such Investment and such Person becomes a

Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made

pursuant to clause (a) above (to the extent such Investment would otherwise be permitted thereunder at

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such time) and shall cease to have been made pursuant to this clause (v) for so long as such Person

continues to be a Restricted Subsidiary;

(w)advances of payroll payments to employees in the ordinary course of business;

(x)accounts receivable arising in the ordinary course of business and Investments received in

satisfaction or partial satisfaction thereof from financially troubled account debtors;

(y)Investments in the ordinary course of business consisting of endorsements for collection

or deposit; and

(z)(i) Investments in joint ventures not to exceed the greater of (a) $10,000,000 and (b) 25%

of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at

the time of such Investment (with the Fair Market Value of each Investment being measured at the time

made and without giving effect to subsequent changes in value) and (ii) Investments in Unrestricted

Subsidiaries not to exceed the greater of (a) $10,000,000 and (b) 25% of Consolidated EBITDA for the

most recently ended Test Period (calculated on a Pro Forma Basis); provided, that notwithstanding

anything to the contrary set forth in this Agreement, no Investment may be made in an Unrestricted

Subsidiary except in reliance on this clause (z)(ii).

Intermediate Holdings will not permit any Unrestricted Subsidiary to become a Restricted

Subsidiary except pursuant to the last sentence of the definition of Unrestricted Subsidiary. For purposes

of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by

Intermediate Holdings and the Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so

designated will be deemed to be an investment in an amount determined as set forth in the last sentence of

the definition of Investment. Such designation will be permitted only if an Investment in such amount

would be permitted at such time, and if such Subsidiary otherwise meets the definition of an Unrestricted

Subsidiary. Unrestricted Subsidiaries will not be subject to any of the restrictive covenants set forth in

this Agreement. Notwithstanding anything herein to the contrary, (x) none of Holdings, Intermediate

Holdings, the Borrower or any Restricted Subsidiary may transfer (including by way of license,

sublicense, or any other disposition) Material Intellectual Property to an Unrestricted Subsidiary and (y)

no Restricted Subsidiary that owns Material Intellectual Property may be designated as an Unrestricted

Subsidiary. Notwithstanding anything in this Agreement or the other Credit Documents to the contrary,

no Credit Party may transfer or assign legal title to any Material Intellectual Property (including by any

Asset Sale, Investment, Restricted Payment or exclusive license) to any Restricted Subsidiary that is not a

Credit Party (including by any Asset Sale, Investment, Restricted Payment or exclusive license), if (i)

such transfer is made in connection with or otherwise supporting the incurrence of any Indebtedness or

equity financing at any Restricted Subsidiary that is not a Credit Party or (ii) there is no bona fide

business purpose (as determined by the Borrower in good faith) for such transfer or assignment.

10.7Limitation on Prepayments of Junior Debt. Intermediate Holdings will not, and will not

permit any of its Restricted Subsidiaries to, make any payment or other distribution (whether in cash,

securities or other property) of or in respect of any Junior Debt (“Restricted Debt Payments”) in an

aggregate principal amount exceeding the greater of $2,000,000 and 5% of Consolidated EBITDA of the

most recently ended Test Period (calculated on a Pro Forma Basis) of Intermediate Holdings or any

Restricted Subsidiary, including any sinking fund or similar deposit, on account of the purchase,

redemption, retirement, acquisition, cancellation or termination in respect of any Junior Debt except for:

(a)Refinancing Indebtedness,

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(b)payments of regularly scheduled interest and payment of principal on the scheduled

maturity date of any Junior Debt;

(c)the conversion of any Junior Debt to Equity Interests (other than Disqualified Stock) of

Intermediate Holdings or any Restricted Subsidiary;

(d)so long as no Event of Default shall have occurred and be continuing at the time of

payment thereof, Intermediate Holdings or any Restricted Subsidiary may make additional payments or

distributions in respect of Junior Debt prior to its scheduled maturity so long as, after giving effect to

such payments or distribution on a Pro Forma Basis, the Consolidated Total Debt to Consolidated

EBITDA Ratio is not greater than 4.25:1.00;

(e)Intermediate Holdings or any Restricted Subsidiary may make payments or distributions

in respect of Junior Debt with the Available Amount; provided that no Event of Default shall have

occurred and be continuing or would result therefrom at the time of declaration thereof and, solely with

respect to use of the Available Amount Builder Component to make payments or distributions in respect

of Junior Debt, after giving effect thereto on a Pro Forma Basis, the Consolidated Total Debt to

Consolidated EBITDA Ratio is not greater than 4.50 to 1.00;

(f)payments or distributions in amounts that would otherwise have been permitted to be

made as Restricted Payments; provided that any such prepayment shall constitute a utilization of the

applicable Restricted Payment capacity;

(g)so long as no Event of Default shall have occurred and be continuing at the time of

declaration thereof, other payments or distributions in respect of Junior Debt in an aggregate amount, not

to exceed the greater of (x) $14,000,000 and (y) 35% of Consolidated EBITDA for the most recently

ended Test Period (calculated on a Pro Forma Basis) at the time made;

(h)prepayments, redemptions or repurchase of Junior Debt that constitutes Acquired

Indebtedness permitted to be assumed pursuant to Section 10.1 hereof in connection with a Permitted

Acquisition or similar Investment; and

(i)AHYDO Payments with respect to Indebtedness of Intermediate Holdings and its

Restricted Subsidiaries.

Prior to the Term Loan Maturity Date, to the extent any Permitted Debt Exchange Notes are

issued pursuant to Section 10.1(w) for the purpose of consummating a Permitted Debt Exchange,

(i) Intermediate Holdings will not, and will not permit its Restricted Subsidiaries to, prepay, repurchase,

redeem or otherwise defease or acquire any Permitted Debt Exchange Notes unless Intermediate

Holdings or a Restricted Subsidiary shall concurrently voluntarily prepay Term Loans pursuant to

Section 5.1(a) on a pro rata basis among the Term Loans, in an amount not less than the product of (a) a

fraction, the numerator of which is the aggregate principal amount (calculated on the face amount

thereof) of such Permitted Debt Exchange Notes that are proposed to be prepaid, repurchased, redeemed,

defeased or acquired and the denominator of which is the aggregate principal amount (calculated on the

face amount thereof) of all Permitted Debt Exchange Notes in respect of the relevant Permitted Debt

Exchange then outstanding (prior to giving effect to such proposed prepayment, repurchase, redemption,

defeasance or acquisition) and (b) the aggregate principal amount (calculated on the face amount thereof)

of Term Loans then outstanding and (ii) Intermediate Holdings will not waive, amend or modify the

terms of any Permitted Debt Exchange Notes or any indenture pursuant to which such Permitted Debt

Exchange Notes have been issued in any manner inconsistent with the terms of Section 2.15(a),

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Section 10.1(w), or the definition of Permitted Other Indebtedness or that would result in an Event of

Default hereunder if such Permitted Debt Exchange Notes (as so amended or modified) were then being

issued or incurred.

10.8Limitation on Subsidiary Distributions; Negative Pledge. Intermediate Holdings will not

permit any of its Restricted Subsidiaries to create or otherwise cause or suffer to exist or become

effective any consensual encumbrance or consensual restriction on the ability of any such Restricted

Subsidiary to:

(a)(i) pay dividends or make any other distributions to Intermediate Holdings or any

Restricted Subsidiary on its Capital Stock or with respect to any other interest or participation in, or

measured by, its profits or (ii) pay any Indebtedness owed to Intermediate Holdings or any Restricted

Subsidiary;

(b)make loans or advances to Intermediate Holdings or any Restricted Subsidiary;

(c)sell, lease or transfer any of its properties or assets to Intermediate Holdings or any

Restricted Subsidiary; or

(d)create, incur, assume or suffer to exist any Lien upon any of its property or revenues,

whether now owned or hereafter acquired, for the benefit of the Secured Parties with respect to the

Obligations or under the Credit Documents;

except for such encumbrances or restrictions existing under or by reason of:

(i)contractual encumbrances or restrictions in effect on the Closing Date, including

pursuant to this Agreement and the related documentation and related Hedging Obligations;

(ii)[reserved];

(iii)purchase money obligations for property acquired in the ordinary course of

business or consistent with past practice and Capitalized Lease Obligations that impose restrictions of the

nature discussed in clause (c) above on the property so acquired;

(iv)Requirements of Law or any applicable rule, regulation or order, or any request

of any Governmental Authority having regulatory authority over Intermediate Holdings or any of its

Subsidiaries;

(v)any agreement or other instrument of a Person acquired by or merged or

consolidated with or into Intermediate Holdings or any Restricted Subsidiary, or of an Unrestricted

Subsidiary that is designated a Restricted Subsidiary, or that is assumed in connection with the

acquisition of assets from such Person, in each case that is in existence at the time of such transaction

(but not created in contemplation thereof), which encumbrance or restriction is not applicable to any

Person, or the properties or assets of any Person, other than the Person and its Subsidiaries, or the

property or assets of the Person and its Subsidiaries, so acquired or designated;

(vi)contracts for the sale of assets, including customary restrictions with respect to a

Subsidiary of Intermediate Holdings pursuant to an agreement that has been entered into for the sale or

disposition of all or substantially all of the Capital Stock or assets of such Subsidiary and restrictions on

transfer of assets subject to Permitted Liens;

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(vii)(x) secured Indebtedness otherwise permitted to be incurred pursuant to

Sections 10.1 and 10.2 that limit the right of the debtor to dispose of the assets securing such Indebtedness

and (y) restrictions on transfers of assets subject to Permitted Liens (but, with respect to any such

Permitted Lien, only to the extent that such transfer restrictions apply solely to the assets that are the

subject of such Permitted Lien);

(viii)restrictions on cash or other deposits or net worth imposed by customers under

contracts entered into in the ordinary course of business;

(ix)other Indebtedness, Disqualified Stock or preferred stock of Restricted

Subsidiaries permitted to be incurred subsequent to the Closing Date pursuant to the provisions of

Section 10.1;

(x)customary provisions in joint venture agreements or arrangements and other

similar agreements or arrangements relating solely to such joint venture and the Equity Interests issued

thereby;

(xi)customary provisions contained in leases, sub-leases, licenses, sub-licenses, or

similar agreements, in each case, entered into in the ordinary course of business;

(xii)restrictions and conditions imposed under the terms of any agreement entered

into in connection with any Permitted Receivables Financing; and

(xiii)any encumbrances or restrictions of the type referred to in clauses (a), (b), (c)

and (d) above imposed by any amendments, modifications, restatements, renewals, increases,

supplements, refundings, replacements or refinancings of the contracts, instruments or obligations

referred to in clauses (i) through (xii) above; provided that such amendments, modifications,

restatements, renewals, increases, supplements, refundings, replacements or refinancings (x) are, in the

good faith judgment of Intermediate Holdings’ boards of directors, no more restrictive in any material

respect with respect to such encumbrance and other restrictions taken as a whole than those prior to such

amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or

refinancing or (y) do not impair the Intermediate Holdings’ ability to pay their respective obligations

under the Credit Documents as and when due (as determined in good faith by Intermediate Holdings).

10.9Consolidated Total Debt to Consolidated EBITDA Ratio. Commencing with the fiscal

quarter ending June 30, 2025, Intermediate Holdings will not permit the Consolidated Total Debt to

Consolidated EBITDA Ratio as of the last day of any Test Period to be greater than 8.50:1.00.

10.10Permitted Activities. Holdings shall not conduct, transact or otherwise engage in any

business or operations other than (i) the ownership of the Capital Stock of Intermediate Holdings, (ii) the

maintenance of its legal existence, including the ability to incur fees, costs and expenses relating to such

maintenance, (iii) participating in tax, accounting and other administrative matters as owner of the

Capital Stock of Intermediate Holdings and its Subsidiaries and reporting related to such matters, (iv) the

performance of its obligations under and in connection with the Credit Documents, any documentation

governing Permitted Other Indebtedness or any refinancing thereof, the Advisory Services Agreement

and the other agreements contemplated hereby and thereby, (v) any public offering of its common stock

or any other issuance or registration of its Capital Stock for sale or resale not prohibited by Section 10,

including the ability to incur costs, fees and expenses related thereto, (vi) incurring fees, costs and

expenses relating to overhead and general operating including professional fees for legal, tax and

accounting matters, (vii) providing indemnification to officers and directors and as otherwise permitted

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hereunder, (viii) activities incidental to the consummation of the Transactions, (ix) financing activities,

including the issuance of securities, incurrence of debt, payment of dividends, making contributions to

the capital of Intermediate Holdings and guaranteeing the obligations of Intermediate Holdings, (x) any

other transaction permitted pursuant to Section 10, (xi) undertaking or consummating any IPO

Reorganization Transactions or any transaction related thereto or contemplated thereby, (xii) the

ownership of assets owned by Holdings on the Closing Date and (xiii) activities incidental to the

businesses or activities described in clauses (i) through (xii) of this Section 10.10.

10.11Limitation on Changes to Line of Business. Intermediate Holdings and its Restricted

Subsidiaries, taken as a whole, will not fundamentally and substantively alter the character of their

business, taken as a whole, from the business conducted by Intermediate Holdings and its Subsidiaries,

taken as a whole, on the date of the consummation of the Acquisition and other business activities which

are extensions thereof or otherwise incidental, synergistic, reasonably related, or ancillary to any of the

foregoing (and non-core incidental businesses acquired in connection with any Permitted Acquisition or

other permitted Investment).

10.12Limitation on Changes to End of Fiscal Years. Intermediate Holdings will not, and will

not permit any of its Restricted Subsidiaries to, cause, for financial reporting purposes, each of its, and

each of the Restricted Subsidiaries’, fiscal years to end on dates other than consistent with past practice;

provided, however, that Intermediate Holdings may, upon written notice to the Administrative Agent

change the financial reporting convention specified above to (x) align the dates of such fiscal year and

for any Restricted Subsidiary whose fiscal years end on dates different from those of Intermediate

Holdings or (y) any other financial reporting convention (including a change of fiscal year) reasonably

acceptable (such consent not to be unreasonably withheld or delayed) to the Administrative Agent, in

which case Intermediate Holdings and the Administrative Agent will, and are hereby authorized by the

Lenders to, make any adjustments to this Agreement that are necessary in order to reflect such change in

financial reporting.

10.13[Reserved].

10.14Transactions with Affiliates. Intermediate Holdings will conduct, and cause each of the

Restricted Subsidiaries to conduct, any transactions with any of its Affiliates (other than Intermediate

Holdings and the Restricted Subsidiaries) involving aggregate payments or consideration for any such

transaction in excess of the greater of $2,000,000 and 5.0% of Consolidated EBITDA for the most

recently ended Test Period (calculated on a Pro Forma Basis) at the time of such Affiliate transaction, for

any individual transaction or series of related transactions on terms that are at least substantially as

favorable to Intermediate Holdings or such Restricted Subsidiary as it would obtain in a comparable

arm’s-length transaction with a Person that is not an Affiliate, as determined by the sole member, or

similar governing body, of Intermediate Holdings or such Restricted Subsidiary in good faith; provided

that the foregoing restrictions shall not apply to (a) the payment of fees to the Sponsor or its Affiliates for

management, consulting and financial services rendered to Intermediate Holdings and the Restricted

Subsidiaries pursuant to the Advisory Services Agreement as in effect as of the Closing Date (or as may

be amended thereafter to the extent such amendment is not adverse to the interest of the Lenders) so long

as, in the case of management fees, no Event of Default has occurred and is continuing at the time of any

such payment and customary investment banking fees paid to the Sponsor or its Affiliates for services

rendered to Intermediate Holdings and its Subsidiaries in connection with divestitures, acquisitions,

financings and other transactions which payments are approved by a majority of sole member, or similar

governing body, of Intermediate Holdings in good faith; provided that the management fees payable

under the Advisory Services Agreement shall be permitted to continue to accrue during the continuation

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of an Event of Default and may be paid following the cure or waiver of such Event of Default in

accordance with the terms and conditions set forth in this Agreement, (b) transactions permitted by

Section 10.5, (c) consummation of the Transactions and the payment of the Transaction Expenses, (d) the

issuance of Capital Stock or Stock Equivalents of Intermediate Holdings (or any direct or indirect parent

thereof) or any of its Subsidiaries not otherwise prohibited by the Credit Documents, (e) loans, advances

and other transactions between or among Intermediate Holdings, any Restricted Subsidiary or any joint

venture (regardless of the form of legal entity) in which Intermediate Holdings or any Subsidiary has

invested (and which Subsidiary or joint venture would not be an Affiliate of Intermediate Holdings but

for Intermediate Holdings’ or its Subsidiary’s ownership of Capital Stock or Stock Equivalents in such

joint venture or Subsidiary) to the extent permitted under Section 10, (f) employment and severance

arrangements between Intermediate Holdings and the Restricted Subsidiaries and their respective

officers, employees or consultants (including management and employee benefit plans or agreements,

stock option plans and other compensatory arrangements) in the ordinary course of business (including

loans and advances in connection therewith), (g) the payment of customary fees and reasonable out of

pocket costs to, and indemnities provided on behalf of, directors, managers, consultants, officers or

employees of Intermediate Holdings (or any direct or indirect parent thereof) and its Subsidiaries in the

ordinary course of business to the extent attributable to the ownership, management or operation of

Intermediate Holdings and its Subsidiaries, (h) transactions undertaken pursuant to membership in a

purchasing consortium, (i) transactions pursuant to any agreement or arrangement as in effect as of the

Closing Date, or any amendment, modification, supplement or replacement thereto (so long as any such

amendment, modification, supplement or replacement is not disadvantageous in any material respect to

the Lenders when taken as a whole as compared to the applicable agreement as in effect on the Closing

Date as determined by Intermediate Holdings in good faith), (j) customary payments by Intermediate

Holdings (or any direct or indirect parent) and any Restricted Subsidiaries to the Sponsor or its Affiliates

made for any financial advisory, monitoring, oversight, consulting, financing, underwriting or placement

services and similar fees, expenses and indemnities or in respect of other investment banking activities

(including in connection with acquisitions or divestitures), (k) the existence and performance of

agreements and transactions with any Unrestricted Subsidiary that were entered into prior to the

designation of a Restricted Subsidiary as such Unrestricted Subsidiary to the extent that the transaction

was permitted at the time that it was entered into with such Restricted Subsidiary and transactions entered

into by an Unrestricted Subsidiary with an Affiliate prior to the redesignation of any such Unrestricted

Subsidiary as a Restricted Subsidiary; provided that such transaction was not entered into in

contemplation of such designation or redesignation, as applicable, (l) Affiliate repurchases of the Loans or

Commitments to the extent permitted hereunder and the holding of such Loans or Commitments and the

payments and other transactions contemplated herein in respect thereof, (m) undertaking or

consummating any IPO Reorganization Transactions and (n) the disposition of Accounts to a Restricted

Subsidiary pursuant to a Permitted Receivables Financing.

10.15Amendment of Organizational Documents; Junior Debt. Intermediate Holdings will not,

nor will it permit any Restricted Subsidiary to, (i) amend, modify, waive, terminate or release the

documentation governing any organizational documents if the effect of such amendment, modification,

waiver, termination or release is materially adverse to the Lenders (in their capacities as such), except as

required by law or (ii) or amend or modify any documentation for Junior Debt in a manner materially

adverse to the Lenders; provided that to the extent (x) such amendment or modification is not in

contravention with any subordination or intercreditor agreement applicable to such Junior Debt or (y)

such Junior Debt could be incurred as new Indebtedness permitted under Section 10.1 at the time of such

amendment or modification (as so amended or modified), in each case, such amendment or modification

shall be deemed not to be materially adverse to the Lenders.

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Section 11.Events of Default.

Upon the occurrence of any of the following specified events (each an “Event of Default”):

11.1Payments. The Borrower shall (a) default in the payment when due of any principal of

the Loans or (b) default, and such default shall continue for five or more Business Days, in the payment

when due of any interest on the Loans or any Fees or any Unpaid Drawings or of any other amounts

owing hereunder or under any other Credit Document; or

11.2Representations, Etc. Any representation, warranty or statement made or deemed made

by the Borrower or the other Guarantors herein or in any other Credit Document or any certificate

delivered or required to be delivered pursuant hereto or thereto shall prove to be untrue in any material

respect on the date as of which made or deemed made, and to the extent capable of being cured, such

incorrect representation or warranty shall remain incorrect for a period of 30 days after written notice

thereof from the Administrative Agent or the Required Lenders to Intermediate Holdings; or

11.3Covenants. Any Credit Party shall:

(a)default in the due performance or observance by it of any term, covenant or agreement

contained in Section 9.1(f)(i), Section 9.5 (solely with respect to the Borrower), Section 9.13(d) or

Section 10; provided, that any Event of Default under Section 10.9 is subject to cure as provided in

Section 11.14 and an Event of Default with respect to such Section shall not occur until the expiration of

the 15th Business Day subsequent to the date the relevant financial statements are required to be delivered

for the applicable fiscal quarter pursuant to Sections 9.1(a) or (b); or

(b)default in the due performance or observance by it of any term, covenant or agreement

(other than those referred to in Section 11.1 or 11.2 or clause (a) of this Section 11.3) contained in this

Agreement or any Security Document and such default shall continue unremedied for a period of at least

30 days after receipt of written notice by Intermediate Holdings from the Administrative Agent or the

Required Lenders.; or

11.4Default Under Other Agreements. (a) Holdings, Intermediate Holdings or any of the

Restricted Subsidiaries shall (i) fail to make any payment with respect to any Indebtedness (other than the

Obligations) in an aggregate outstanding principal amount in excess of the Threshold Amount for

Holdings, Intermediate Holdings and such Restricted Subsidiaries, beyond the period of grace and

following all required notices, if any, provided in the instrument or agreement under which such

Indebtedness was created or (ii) default in the observance or performance of any agreement or condition

relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or

relating thereto, or any other event shall occur or condition exist (after giving effect to all applicable

grace period and delivery of all required notices) (other than, with respect to Indebtedness consisting of

any Hedge Agreements, termination events or equivalent events pursuant to the terms of such Hedge

Agreements (it being understood that clause (i) shall apply to any failure to make any payment in excess

of the Threshold Amount in the aggregate that is required as a result of any such termination or similar

event and that is not otherwise being contested in good faith)) the effect of which default or other event

or condition is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on

behalf of such holder or holders) to cause, any such Indebtedness to become due or to be repurchased,

prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or

redeem such Indebtedness to be made, prior to its stated maturity; provided that this clause (a) shall not

apply to secured Indebtedness that becomes due as a result of the sale, transfer or other disposition

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(including as a result of a casualty or condemnation event) of the property or assets securing such

Indebtedness (to the extent such sale, transfer or other disposition is not prohibited under this Agreement),

or (b) without limiting the provisions of clause (a) above, any such Indebtedness shall be declared to be

due and payable, or required to be prepaid other than by a regularly scheduled required prepayment or as

a mandatory prepayment (and, with respect to Indebtedness consisting of any Hedge Agreements, other

than due to a termination event or equivalent event pursuant to the terms of such Hedge Agreements (it

being understood that clause (a)(i) above shall apply to any failure to make any payment in excess of the

Threshold Amount in the aggregate that is required as a result of any such termination or similar event

and that is not otherwise being contested in good faith)) prior to the stated maturity thereof; provided that

this clause (b) shall not apply to (x) secured Indebtedness that becomes due as a result of the voluntary

sale or transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted

hereunder and under the documents providing for such Indebtedness, (y) Indebtedness which is

convertible into Qualified Stock and converts to Qualified Stock in accordance with its terms and such

conversion is not prohibited hereunder, or (z) any breach or default that is (I) remedied by Holdings,

Intermediate Holdings or the applicable Restricted Subsidiary or (II) waived (including in the form of

amendment) by the required holders of the applicable item of Indebtedness, in either case, prior to the

acceleration of Loans pursuant to this Section 11; or

11.5Bankruptcy, Etc. Except as otherwise permitted by Section 10.3, Holdings, Intermediate

Holdings or any Material Subsidiary shall commence a voluntary case, proceeding or action concerning

itself under Title 11 of the United States Code entitled “Bankruptcy” as now or hereafter in effect, or any

successor thereto (collectively, the “Bankruptcy Code”); or an involuntary case, proceeding or action is

commenced against Holdings, Intermediate Holdings or any Material Subsidiary and the petition is not

controverted within 60 days after commencement of the case, proceeding or action; or an involuntary

case, proceeding or action is commenced against Holdings, Intermediate Holdings or any Material

Subsidiary and the petition is not dismissed within 60 days after commencement of the case, proceeding

or action; or a custodian (as defined in the Bankruptcy Code), judicial manager, compulsory manager,

receiver, receiver manager, trustee, provisional liquidator, liquidator, administrator, administrative

receiver or similar Person is appointed for, or takes charge of, all or substantially all of the property of

Holdings, Intermediate Holdings or any Material Subsidiary; or Holdings, Intermediate Holdings or any

Material Subsidiary commences any other voluntary proceeding or action under any reorganization,

arrangement, adjustment of debt, relief of debtors, dissolution, insolvency, winding-up, strike-off,

administration or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating

in any way to Holdings, Intermediate Holdings or any Material Subsidiary; or there is commenced

against Holdings, Intermediate Holdings or any Material Subsidiary any such proceeding or action that

remains undismissed for a period of 60 days; or Holdings, Intermediate Holdings or any Material

Subsidiary is adjudicated bankrupt; or any order of relief or other order approving any such case or

proceeding or action is entered; or Holdings, Intermediate Holdings or any Material Subsidiary suffers

any appointment of any custodian, judicial manager, compulsory manager, receiver, receiver manager,

trustee, provisional liquidator, liquidator, administrator, administrative receiver or similar Person for it or

any substantial part of its property to continue undischarged or unstayed for a period of 60 days; or

Holdings, Intermediate Holdings or any Material Subsidiary makes a general assignment for the benefit

of creditors; or

11.6ERISA. (a) An ERISA Event shall have occurred, (b) a trustee shall be appointed by a

United States district court to administer any Pension Plan(s), (c) the PBGC shall institute proceedings to

terminate any Pension Plan(s), or (d) any Credit Party or any of their respective ERISA Affiliates shall

have been notified by the sponsor of a Multiemployer Plan that it has incurred or will be assessed

Withdrawal Liability to such Multiemployer Plan and such entity does not have reasonable grounds for

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contesting such Withdrawal Liability or is not contesting such Withdrawal Liability in a timely and

appropriate manner, and in each case in clauses (a) through (d) above, such event or condition, together

with all other such events or conditions, if any, would reasonably be expected to result in a Material

Adverse Effect; or

11.7Guarantee. Other than as expressly permitted hereunder, any Guarantee provided by any

Credit Party or any material provision thereof shall cease to be in full force or effect (other than pursuant

to the terms hereof and thereof) or any such Guarantor thereunder or any other Credit Party shall deny or

disaffirm in writing any such Guarantor’s obligations under the Guarantee; or

11.8Pledge Agreement. Other than as expressly permitted hereunder, the Pledge Agreement

or any other Security Document pursuant to which the Capital Stock or Stock Equivalents of Intermediate

Holdings, the Borrower or any Material Subsidiary is pledged or any material provision thereof shall

cease to be in full force or effect (other than pursuant to the terms hereof or thereof, solely as a result of

acts or omissions of the Collateral Agent or any Lender or solely as a result of the Collateral Agent’s

failure to maintain possession of any Capital Stock or Stock Equivalents that have been previously

delivered to it) or any pledgor thereunder or any Credit Party shall deny or disaffirm in writing any

pledgor’s obligations under any Security Document; or

11.9Security Agreement. Other than as expressly permitted hereunder, the Security

Agreement or any other Security Document pursuant to which the assets of Holdings, Intermediate

Holdings or any Material Subsidiary are pledged as Collateral or any material provision thereof shall

cease to be in full force or effect (other than pursuant to the terms hereof or thereof, solely as a result of

acts or omissions of the Collateral Agent in respect of certificates, promissory notes or instruments

actually delivered to it (including as a result of the Collateral Agent’s failure to file a Uniform

Commercial Code continuation statement)) or any grantor thereunder or any Credit Party shall deny or

disaffirm in writing any grantor’s obligations under any Security Document; or

11.10Judgments. One or more final judgments or decrees shall be entered against Holdings,

Intermediate Holdings or any of the Restricted Subsidiaries involving a liability in excess of the

Threshold Amount in the aggregate for all such judgments and decrees for Holdings, Intermediate

Holdings and the Restricted Subsidiaries (to the extent not covered by insurance or indemnities as to

which the applicable insurance company or third party has not denied coverage) and any such judgments

or decrees shall not have been satisfied, vacated, discharged or stayed or bonded pending appeal within 60

days after the entry thereof; or

11.11Change of Control. A Change of Control shall occur.

11.12Remedies Upon Event of Default. If an Event of Default occurs and is continuing

(subject to Section 11.14), the Administrative Agent shall, upon the written request of the Required

Lenders, by written notice to Intermediate Holdings, without prejudice to the rights of the Administrative

Agent or any Lender to enforce its claims against Intermediate Holdings, except as otherwise specifically

provided for in this Agreement: (i) declare any of the Commitments terminated, whereupon such

Commitment, if any, of each Lender, as the case may be, shall forthwith terminate immediately and any

fees theretofore accrued shall forthwith become due and payable without any other notice of any kind,

(ii) declare the principal of and any accrued interest and fees in respect of all Loans and all Obligations

to be, whereupon the same shall become, forthwith due and payable without presentment, demand,

protest or other notice of any kind, all of which are hereby waived by Intermediate Holdings to the extent

permitted by applicable law; (iii) terminate any Letter of Credit that may be terminated in accordance

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with its terms; and/or (iv) direct Intermediate Holdings to pay (and Intermediate Holdings agrees that

upon receipt of such notice, or upon the occurrence of an Event of Default specified in Section 11.5 with

respect to Intermediate Holdings, it will pay) to the Administrative Agent at the Administrative Agent’s

Office such additional amounts of cash, to be held as security for Intermediate Holdings’ respective

Reimbursement Obligations for Unpaid Drawings that may subsequently occur thereunder, equal to the

aggregate Stated Amount of all Letters of Credit issued and then outstanding; provided that, if an Event

of Default specified in Section 11.5 shall occur with respect to Holdings, Intermediate Holdings or any

Material Subsidiary, the result that would occur upon the giving of written notice by the Administrative

Agent shall occur automatically without the giving of any such notice.

11.13Application of Proceeds. Subject to the terms of, in each case if executed, an Acceptable

Intercreditor Agreement, any amount received by the Administrative Agent or the Collateral Agent from

any Credit Party (or from proceeds of any Collateral) following any acceleration of the Obligations under

this Agreement or any Event of Default with respect to Intermediate Holdings under Section 11.4 shall be

applied:

(a)first, to the payment of all reasonable and documented costs and expenses incurred by

the Administrative Agent or the Collateral Agent in connection with any collection or sale of the

Collateral or otherwise in connection with any Credit Document, including all indemnities, liabilities and

obligations arising under one or more Letters of Credit (and the related LC Support Agreements), all

court costs and the reasonable fees and expenses of its agents and legal counsel, the repayment of all

advances made by the Administrative Agent or the Collateral Agent hereunder or under any other Credit

Document on behalf of any Credit Party and any other reasonable and documented costs or expenses

incurred in connection with the exercise of any right or remedy hereunder or under any other Credit

Document to the extent reimbursable hereunder or thereunder;

(b)second, to the Secured Parties, an amount (x) equal to all Obligations owing to them on

the date of any distribution (including any outstanding Letters of Credit (and related LC Support

Agreements) and (y) sufficient to Cash Collateralize all Letters of Credit Outstanding on the date of any

distribution, and, if such monies shall be insufficient to pay such amounts in full and Cash Collateralize

all Letters of Credit Outstanding, then ratably (without priority of any one over any other) to such Secured

Parties in proportion to the unpaid amounts thereof and to Cash Collateralize the Letters of Credit

Outstanding; provided that the aggregate amount applied pursuant to this clause (b) in respect of the

Secured Cash Management Obligations and/or Secured Hedge Obligations shall not exceed

$50,000,000 in the aggregate;

(c)third, to the Secured Parties, an amount equal to all remaining Obligations owing to them

on the date of any distribution; and

(d)fourth, any surplus then remaining shall be paid to the applicable Credit Parties or their

successors or assigns or to whomsoever may be lawfully entitled to receive the same or as a court of

competent jurisdiction may direct;

provided that any amount applied to Cash Collateralize any Letters of Credit Outstanding that has not

been applied to reimburse the Borrower for Unpaid Drawings under the applicable Letters of Credit at

the time of expiration of all such Letters of Credit shall be applied by the Administrative Agent in the

order specified in clauses (a) through (c) above. Notwithstanding the foregoing, amounts received from

any Guarantor that is not an “Eligible Contract Participant” (as defined in the Commodity Exchange Act)

shall not be applied to its Obligations that are Excluded Swap Obligations.

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11.14Equity Cure. Notwithstanding anything to the contrary contained in this Section 11, in

the event that Intermediate Holdings has determined that it has failed to comply with the requirement of

the financial covenant set forth in Section 10.9, from the end of the most recent fiscal quarter until the

expiration of the 15th Business Day following the date financial statements referred to in Sections 9.1(a)

or (b) are required to be delivered in respect of such fiscal period for which such financial covenant is

being measured, any holder of Capital Stock or Stock Equivalents of Intermediate Holdings or any direct

or indirect parent of Intermediate Holdings has the right to cure such failure (the “Cure Right”) by

causing cash net equity proceeds derived from an issuance of Capital Stock or Stock Equivalents (other

than Disqualified Stock, unless reasonably satisfactory to the Administrative Agent) by Intermediate

Holdings (or from a contribution to the common equity capital of Intermediate Holdings) to be

contributed, directly or indirectly, as cash common equity (or otherwise in a form reasonably acceptable

to the Administrative Agent) to Intermediate Holdings, and upon receipt by Intermediate Holdings of

such cash contribution (such cash amount being referred to as the “Cure Amount”) pursuant to the

exercise of such Cure Right, such financial covenant shall be recalculated giving effect to the following

pro forma adjustments:

(a)Consolidated EBITDA shall be increased, solely for the purpose of determining the

existence of an Event of Default resulting from a breach of the financial covenant set forth in

Section 10.9 with respect to any period of four consecutive fiscal quarters that includes the fiscal quarter

for which the Cure Right was exercised and not for any other purpose under this Agreement, by an

amount equal to the Cure Amount; and

(b)there shall be no pro forma reduction in Indebtedness with the proceeds of the Cure

Amount for determining compliance with the financial covenant set forth in Section 10.9; provided that,

to the extent such proceeds are actually applied to prepay Indebtedness, such reduction may be credited

in any subsequent fiscal quarter.

(c)Notwithstanding anything to the contrary in this Section 11, (A) if, after giving effect to

the foregoing recalculations, Intermediate Holdings shall be in compliance with the requirements of the

financial covenant set forth in Section 10.9, Intermediate Holdings shall be deemed to have satisfied the

requirements of the financial covenant set forth in Section 10.9 as of the relevant date of determination

with the same effect as though there had been no failure to comply therewith at such date, and the

applicable breach or default of such financial covenants that had occurred shall be deemed cured for the

purposes of this Agreement; provided that (i) in each period of four consecutive fiscal quarters there shall

be at least two fiscal quarters in which no Cure Right is made, (ii) there shall be a maximum of five Cure

Rights made during the term of this Agreement, (iii) each Cure Amount shall be no greater than the

amount required to cause Intermediate Holdings to be in compliance with the financial covenant set forth

in Section 10.9, and (iv) all Cure Amounts shall be disregarded for the purposes of any baskets or

financial ratio determination under the Credit Documents other than for determining compliance with

Section 10.9 and (B) from and after the date that Intermediate Holdings delivers a written notice to the

Administrative Agent that it intends to exercise its Cure Right under this Section 11.14 (a “Notice of

Intent to Cure”) until the earliest of the date on which the Cure Right is actually exercised, the date on

which the Cure Right was required to be exercised and the date on which Intermediate Holdings shall

have subsequently provided written notice to the Administrative Agent that it does not intend to exercise

the Cure Right, neither the Administrative Agent nor any Lender may exercise any rights or remedies

under Section 11.12 (or under any other Credit Document) on the basis of any actual or purported Event

of Default under the covenant set forth in Section 10.9 with respect to the quarter for which a Notice of

Intent to Cure has been provided (and any other Default as a result thereof); provided that during such

Cure Period the Revolving Credit Lenders shall not be required to fund any request for a credit extension

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under the Revolving Credit Facility nor shall any Letter of Credit Issuer be required to issue any Letter of

Credit.

Section 12.The Agents.

12.1Appointment.

(a)Each Lender and Swingline Lender hereby irrevocably designates and appoints the

Administrative Agent as the agent of such Lender under this Agreement and the other Credit Documents

and irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf

under the provisions of this Agreement and the other Credit Documents and to exercise such powers and

perform such duties as are expressly delegated to the Administrative Agent by the terms of this

Agreement and the other Credit Documents, together with such other powers as are reasonably incidental

thereto. The provisions of this Section 12 (other than Section 12.1(c) with respect to the Joint Lead

Arrangers and Bookrunners and Sections 12.1, 12.9, 12.11, 12.12 and 12.15(h) with respect to the Credit

Parties) are solely for the benefit of the Agents and the Lenders, none of Intermediate Holdings or any

other Credit Party shall have rights as third party beneficiary of any such provision. Notwithstanding any

provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties

or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender,

and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into

this Agreement or any other Credit Document or otherwise exist against the Administrative Agent. In

performing its functions and duties hereunder, each Agent shall act solely as an agent of Lenders and

does not assume and shall not be deemed to have assumed any obligation towards or relationship of

agency or trust with or for Intermediate Holdings or any of its respective Subsidiaries.

(b)The Administrative Agent, each Lender, the Swingline Lender and the Letter of Credit

Issuer hereby irrevocably designate and appoint the Collateral Agent as the agent with respect to the

Collateral, and each of the Administrative Agent, each Lender, the Swingline Lender and the Letter of

Credit Issuer irrevocably authorizes the Collateral Agent, in such capacity, to take such action on its

behalf under the provisions of this Agreement and the other Credit Documents and to exercise such

powers and perform such duties as are expressly delegated to the Collateral Agent by the terms of this

Agreement and the other Credit Documents, together with such other powers as are reasonably incidental

thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Collateral Agent

shall not have any duties or responsibilities except those expressly set forth herein, or any fiduciary

relationship with any of the Administrative Agent, the Lenders, the Swingline Lender or the Letter of

Credit Issuer, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall

be read into this Agreement or any other Credit Document or otherwise exist against the Collateral

Agent.

(c)Each of the Joint Lead Arrangers and Bookrunners, each in its capacity as such, shall not

have any obligations, duties or responsibilities under this Agreement but shall be entitled to all benefits of

this Section 12.

12.2Delegation of Duties. The Administrative Agent and the Collateral Agent may each

execute any of its duties under this Agreement and the other Credit Documents by or through agents, sub-

agents, employees or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters

pertaining to such duties. Neither the Administrative Agent nor the Collateral Agent shall be responsible

for the negligence or misconduct of any agents, subagents or attorneys-in-fact selected by it in the

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absence of its gross negligence or willful misconduct (as determined in the final non-appealable judgment

of a court of competent jurisdiction).

12.3Exculpatory Provisions. No Agent nor any of its officers, directors, employees, agents,

attorneys-in-fact or Affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by

any of them under or in connection with this Agreement or any other Credit Document (except for its or

such Person’s own gross negligence or willful misconduct, as determined in the final non-appealable

judgment of a court of competent jurisdiction, in connection with its duties expressly set forth herein) or

(b) responsible in any manner to any of the Lenders or any participant for any recitals, statements,

representations or warranties made by any Credit Party or any officer thereof contained in this

Agreement or any other Credit Document or in any certificate, report, statement or other document

referred to or provided for in, or received by such Agent under or in connection with, this Agreement or

any other Credit Document or for the value, validity, effectiveness, genuineness, enforceability or

sufficiency of this Agreement or any other Credit Document, or the creation, perfection or priority of any

Lien or security interest created or purported to be created under the Security Documents, or for any

failure of any Credit Party to perform its obligations hereunder or thereunder. No Agent shall be under

any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the

agreements contained in, or conditions of, this Agreement or any other Credit Document, or to inspect

the properties, books or records of any Credit Party or any Affiliate thereof. The Collateral Agent shall

not be under any obligation to the Administrative Agent or any Lender to ascertain or to inquire as to the

observance or performance of any of the agreements contained in, or conditions of, this Agreement or

any other Credit Document, or to inspect the properties, books or records of any Credit Party. Without

limiting the generality of the foregoing, (a) no Agent shall have any duty to take any discretionary action

or exercise any discretionary powers, except discretionary rights and powers expressly contemplated

hereby that such Agent is instructed in writing to exercise by the Required Lenders (or such other number

or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 13.1),

provided that no Agent shall be required to take any action that, in its opinion or the opinion of its

counsel, may expose such Agent to liability or that is contrary to any Credit Document or applicable law,

including for the avoidance of doubt any action that may be in violation of the automatic stay under any

debtor relief law or that may effect a forfeiture, modification or termination of property of a Defaulting

Lender in violation of any debtor relief law and (b) except as expressly set forth in the Credit Documents,

no Agent shall have any duty to disclose, nor shall it be liable for the failure to disclose, any information

relating to Intermediate Holdings or any of the Subsidiaries that is communicated to or obtained by the

entity serving as Administrative Agent and/or Collateral Agent or any of its Affiliates in any capacity.

12.4Reliance by Agents. The Administrative Agent and the Collateral Agent shall be entitled

to rely, and shall be fully protected in relying, upon any writing, resolution, notice, consent, certificate,

affidavit, letter, telecopy, telex or teletype message, statement, order or other document or instruction

(including those transmitted by electronic transmission or any telephone message or conversation)

believed by it (in good faith) to be genuine and correct and to have been signed, sent or made by the

proper Person or Persons and upon advice and statements of legal counsel (including counsel to

Intermediate Holdings), independent accountants and other experts whether or not selected by the

Administrative Agent or the Collateral Agent. The Administrative Agent may deem and treat the Lender

specified in the Register with respect to any amount owing hereunder as the owner thereof for all

purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with

the Administrative Agent. The Administrative Agent and the Collateral Agent shall be fully justified in

failing or refusing to take any action under this Agreement or any other Credit Document unless it shall

first receive such advice or concurrence of the Required Lenders as it deems appropriate or it shall first

be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be

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incurred by it by reason of taking or continuing to take any such action. The Administrative Agent and

the Collateral Agent shall in all cases be fully protected in acting, or in refraining from acting, under this

Agreement and the other Credit Documents in accordance with a request of the Required Lenders, and

such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders

and all future holders of the Loans; provided that the Administrative Agent and the Collateral Agent shall

not be required to take any action that, in its opinion or in the opinion of its counsel, may expose it to

liability or that is contrary to any Credit Document or applicable law.

12.5Notice of Default. Neither the Administrative Agent nor the Collateral Agent shall be

deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder

unless the Administrative Agent or the Collateral Agent has received written notice from a Lender, or

Intermediate Holdings referring to this Agreement, describing such Default or Event of Default and

stating that such notice is a “notice of default.” In the event that the Administrative Agent or the

Collateral Agent receives such a notice, it shall give notice thereof to the Lenders and the Administrative

Agent or the Collateral Agent, as applicable. The Administrative Agent shall take such action with

respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders;

provided that unless and until the Administrative Agent shall have received such directions, the

Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such

action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of

the Lenders except to the extent that this Agreement requires that such action be taken only with the

approval of the Required Lenders or each of the Lenders, as applicable.

12.6Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders. Each

Lender expressly acknowledges that neither the Administrative Agent nor the Collateral Agent nor any of

their respective officers, directors, employees, agents, legal counsel, attorneys-in-fact or Affiliates has

made any representations or warranties to it and that no act by the Administrative Agent or the Collateral

Agent hereinafter taken, including any review of the affairs of any Credit Party, shall be deemed to

constitute any representation or warranty by the Administrative Agent or the Collateral Agent to any

Lender, the Swingline Lender or the Letter of Credit Issuer. Each Lender, the Swingline Lender and each

Letter of Credit Issuer represents to the Administrative Agent and the Collateral Agent that it has,

independently and without reliance upon the Administrative Agent, the Collateral Agent or any other

Lender, and based on such documents and information as it has deemed appropriate, made its own

appraisal of, and investigation into the business, operations, property, financial and other condition and

creditworthiness of Intermediate Holdings and each other Credit Party and made its own decision to

make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will,

independently and without reliance upon the Administrative Agent, the Collateral Agent or any other

Lender, and based on such documents and information as it shall deem appropriate at the time, continue

to make its own credit analysis, appraisals and decisions in taking or not taking action under this

Agreement and the other Credit Documents, and to make such investigation as it deems necessary to

inform itself as to the business, operations, property, financial and other condition and creditworthiness

of any of the Credit Parties. Except for notices, reports, and other documents expressly required to be

furnished to the Lenders by the Administrative Agent hereunder, neither the Administrative Agent nor

the Collateral Agent shall have any duty or responsibility to provide any Lender with any credit or other

information concerning the business, assets, operations, properties, financial condition, prospects or

creditworthiness of any Credit Party that may come into the possession of the Administrative Agent or

the Collateral Agent or any of their respective officers, directors, employees, agents, attorneys-in-fact or

Affiliates.

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12.7Indemnification. The Lenders agree to severally indemnify each Agent in its capacity as

such (to the extent not reimbursed by the Credit Parties and without limiting the obligation of the Credit

Parties to do so), ratably according to their respective portions of the Total Credit Exposure in effect on

the date on which indemnification is sought (or, if indemnification is sought after the date upon which

the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance

with their respective portions of the Total Credit Exposure in effect immediately prior to such date), from

and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,

expenses or disbursements of any kind whatsoever that may at any time (including at any time following

the payment of the Loans) be imposed on, incurred by or asserted against an Agent in any way relating to

or arising out of the Commitments, this Agreement, any of the other Credit Documents or any documents

contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or

any action taken or omitted by the Administrative Agent or the Collateral Agent under or in connection

with any of the foregoing; provided that no Lender shall be liable to an Agent for the payment of any

portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,

expenses or disbursements resulting from such Agent’s gross negligence or willful misconduct as

determined by a final non-appealable judgment of a court of competent jurisdiction; provided, further,

that no action taken by the Administrative Agent in accordance with the directions of the Required

Lenders (or such other number or percentage of the Lenders as shall be required by the Credit

Documents) shall be deemed to constitute gross negligence or willful misconduct for purposes of this

Section 12.7. In the case of any investigation, litigation or proceeding giving rise to any liabilities,

obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any

kind whatsoever that may at any time occur (including at any time following the payment of the Loans),

this Section 12.7 applies whether any such investigation, litigation or proceeding is brought by any

Lender or any other Person. Without limitation of the foregoing, each Lender shall reimburse each Agent

upon demand for its ratable share of any costs or out-of-pocket expenses (including attorneys’ fees)

incurred by such Agent in connection with the preparation, execution, delivery, administration,

modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise)

of, or legal advice rendered in respect of rights or responsibilities under, this Agreement, any other Credit

Document, or any document contemplated by or referred to herein, to the extent that such Agent is not

reimbursed for such expenses by or on behalf of Intermediate Holdings; provided that such

reimbursement by the Lenders shall not affect Intermediate Holdings’ continuing reimbursement

obligations with respect thereto. If any indemnity furnished to any Agent for any purpose shall, in the

opinion of such Agent, be insufficient or become impaired, such Agent may call for additional indemnity

and cease, or not commence, to do the acts indemnified against until such additional indemnity is

furnished; provided, however, that in no event shall this sentence require any Lender to indemnify any

Agent against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or

disbursement in excess of such Lender’s pro rata portion thereof; and provided, further, this sentence shall

not be deemed to require any Lender to indemnify any Agent against any liability, obligation, loss,

damage, penalty, action, judgment, suit, cost, expense or disbursement resulting from such Agent’s gross

negligence or willful misconduct as determined by a final non-appealable judgment of a court of

competent jurisdiction. The agreements in this Section 12.7 shall survive the payment of the Loans and

all other amounts payable hereunder. The indemnity provided to each Agent under this Section 12.7

shall also apply to any Letter of Credit Issuer and such Agent’s and Letter of Credit Issuer’s respective

Affiliates, directors, officers, members, controlling persons, employees, trustees, advisors and agents and

successors.

12.8Agents in Their Individual Capacities. The agency hereby created shall in no way impair

or affect any of the rights and powers of, or impose any duties or obligations upon, any Agent in its

individual capacity as a Lender hereunder. Each Agent and its Affiliates may make loans to, accept

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deposits from, and generally engage in any kind of business with, any Credit Party as though such Agent

were not an Agent hereunder and under the other Credit Documents. With respect to the Loans made by

it, each Agent shall have the same rights and powers under this Agreement and the other Credit

Documents as any Lender and may exercise the same as though it were not an Agent, and the terms

“Lender” and “Lenders” shall include each Agent in its individual capacity.

12.9Successor Agents.

(a)Each of the Administrative Agent and the Collateral Agent may at any time give notice

of its resignation to the Lenders, the Letter of Credit Issuers and Intermediate Holdings. Such resignation

shall be effective on the date set forth in such notice (but in no event shall such effective date occur prior

to the 30th day following delivery of such notice in accordance with the terms of this Section 12.9) or, if

no such date is set forth therein, upon the date such notice shall be effective in accordance with the terms

of this Section 12.9. Upon receipt of any such notice of resignation, the Required Lenders shall have the

right, subject to the consent of Intermediate Holdings (not to be unreasonably withheld or delayed) so

long as no Event of Default under Sections 11.1 or 11.5 is continuing, to appoint a successor, which shall

be a bank or other financial institution with an office in the United States (other than any Disqualified

Lender), or an Affiliate of any such bank or other 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 30 days after the retiring Agent gives notice of its resignation (the “Resignation

Effective Date”), then the retiring Agent may on behalf of the Lenders, appoint a successor Agent

meeting the qualifications set forth above (including receipt of Intermediate Holdings’ consent); provided

that if the Administrative Agent or the Collateral Agent shall notify Intermediate Holdings and the

Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless

become effective in accordance with such notice.

(b)If the Person serving as the Administrative Agent is a Defaulting Lender pursuant to

clause (v) of the definition of Lender Default, the Required Lenders may to the extent permitted by

applicable law, subject to the consent of Intermediate Holdings (not to be unreasonably withheld or

delayed), by notice in writing to Intermediate Holdings and such Person remove such Person as the

Administrative Agent and, with the consent of Intermediate Holdings, appoint a successor. If no such

successor shall have been so appointed by the Required Lenders (with the consent of Intermediate

Holdings as required above) and shall have accepted such appointment within 30 days (or such earlier

day as shall be agreed by the Required Lenders and Intermediate Holdings) (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), (1) the retiring or removed agent shall be discharged from its duties and obligations

hereunder and under the other Credit Documents (except that in the case of any collateral security held

by the Collateral Agent on behalf of the Lenders or the Letter of Credit Issuers under any of the Credit

Documents, the retiring or removed Collateral Agent shall continue to hold such collateral security as

nominee until such time as a successor Collateral Agent is appointed) and (2) all payments,

communications and determinations provided to be made by, to or through the retiring or removed

Administrative Agent shall instead be made by or to each Lender, Swingline Lender and Letter of Credit

Issuer directly, until such time as the Required Lenders appoint a successor Agent as provided for above

in this paragraph. Upon the acceptance of a successor’s appointment as the Administrative Agent or the

Collateral Agent, as the case may be, hereunder, and upon the execution and filing or recording of such

financing statements, or amendments thereto, and such amendments or supplements to the Mortgages,

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and such other instruments or notices, as may be necessary or desirable, or as the Required Lenders may

request, in order to continue the perfection of the Liens granted or purported to be granted by the

Security Documents, such successor shall succeed to and become vested with all of the rights, powers,

privileges and duties of the retiring (or retired) or removed Agent, and the retiring or removed Agent

shall be discharged from all of its duties and obligations hereunder or under the other Credit Documents

(if not already discharged therefrom as provided above in this Section 12.9). Except as provided above,

any resignation or removal of MidCap as the Administrative Agent pursuant to this Section 12.9 shall

also constitute the resignation or removal of MidCap as the Collateral Agent. The fees payable by

Intermediate Holdings or the Borrower, as applicable, (following the effectiveness of such appointment)

to such Agent shall be the same as those payable to its predecessor unless otherwise agreed between such

successor and Intermediate Holdings or the Borrower, as applicable. After the retiring or removed

Agent’s resignation or removal hereunder and under the other Credit Documents, the provisions of this

Section 12 (including, for the avoidance of doubt, Section 12.7) and Section 13.5 shall continue in effect

for the benefit of such retiring or removed Agent, its sub-agents and their respective Related Parties in

respect of any actions taken or omitted to be taken by any of them while the retiring or removed Agent

was acting as an Agent.

(d)Any resignation by or removal of MidCap as the Administrative Agent pursuant to this

Section 12.9 shall also constitute its resignation or removal as Swingline Lender and a Letter of Credit

Issuer; provided that, for the avoidance of doubt, (1) it shall retain all the rights, powers, privileges and

duties of the Letter of Credit Issuers hereunder with respect to all Letters of Credit outstanding as of the

effective date of its resignation as Letter of Credit Issuer and all L/C Obligations with respect thereto

(including the right to require L/C Participants to make Revolving Credit Loans pro rata based on their

Revolving Credit Commitment Percentages of the applicable Unpaid Drawing pursuant to Section 3.4(a))

and (2) it shall retain all the rights of the Swingline Lender provided for hereunder with respect to

Swingline Loans made by it and outstanding as of the effective date of such resignation, including the

right to require Mandatory Borrowings pursuant to Section 2.1(d). Upon the acceptance of a successor’s

appointment as the Administrative Agent hereunder, (a) such successor shall succeed to and become

vested with all of the rights, powers, privileges and duties of the retiring Swingline Lender and Letter of

Credit Issuer, (b) the retiring Swingline Lender and Letter of Credit Issuer shall be discharged from all of

their respective duties and obligations hereunder or under the other Credit Documents, and (c) the

successor Swingline Lender and Letter of Credit Issuer shall issue letters of credit in substitution for the

Letters of Credit issued by such Affiliate of the Administrative Agent or the Administrative Agent, if

any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring

Letter of Credit Issuer to effectively assume the obligations of the retiring Letter of Credit Issuer with

respect to such Letters of Credit.

12.10Withholding Tax. To the extent required by any applicable law, the Administrative

Agent may withhold from any payment to any Lender under any Credit Document an amount equivalent

to any applicable withholding Tax. If the Internal Revenue Service or any authority of the United States

or other jurisdiction asserts a claim that the Administrative Agent did not properly withhold Tax from

amounts paid to or for the account of any Lender for any reason (including, without limitation, because

the appropriate form was not delivered, was not properly executed, or because such Lender failed to

notify the Administrative Agent of a change in circumstances that rendered the exemption from, or

reduction of, withholding Tax ineffective) or if the Administrative Agent reasonably determines that a

payment was made to a Lender pursuant to this Agreement without deduction of applicable withholding

Tax from such payment, such Lender shall indemnify the Administrative Agent (to the extent that the

Administrative Agent has not already been reimbursed by any applicable Credit Party and without

limiting the obligation of any applicable Credit Party to do so), fully for all amounts paid, directly or

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indirectly, by the Administrative Agent as Tax or otherwise, including penalties, additions to Tax and

interest, together with all expenses incurred, including legal expenses, allocated staff costs and any out of

pocket expenses. A certificate as to the amount of such payment or liability delivered to any Lender by

the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the

Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under

this Agreement or any other Credit Document against any amount due to the Administrative Agent under

this Section 12.10. The agreements in this Section 12.10 shall survive the resignation and/or replacement

of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the

termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations.

For the avoidance of doubt, for purposes of this Section 12.10, the term Lender includes the Swingline

Lender and the Letter of Credit Issuers.

12.11Agents Under Security Documents and Guarantee. Each Secured Party hereby further

authorizes the Administrative Agent or the Collateral Agent, as applicable, on behalf of and for the

benefit of the Secured Parties, to be the agent for and representative of the Secured Parties with respect to

the Collateral and the Security Documents. Subject to Section 13.1, without further written consent or

authorization from any Secured Party, the Administrative Agent or the Collateral Agent, as applicable,

may execute any documents or instruments necessary to (a) release any Lien on any property granted to

or held by the Administrative Agent or the Collateral Agent (or any sub-agent thereof) under any Credit

Document (i) upon the final Maturity Date and the payment in full (or Cash Collateralization) of all

Obligations (except for contingent indemnification obligations in respect of which a claim has not yet

been made, Secured Hedge Obligations as to which alternative arrangements reasonably acceptable to the

applicable Hedge Bank have been made and Secured Cash Management Obligations), (ii) that is sold or

to be sold or transferred as part of or in connection with any sale or other transfer permitted hereunder or

under any other Credit Document to a Person that is not a Credit Party or in connection with the

designation of any Restricted Subsidiary as an Unrestricted Subsidiary, (iii) if the property subject to

such Lien is owned by a Guarantor, upon the release of such Guarantor from its Guarantee otherwise in

accordance with the Credit Documents, (iv) as to the extent provided in the Security Documents, (v) that

constitutes Excluded Property or Excluded Stock and Stock Equivalents or (vi) if approved, authorized or

ratified in writing in accordance with Section 13.1; (b) release any Guarantor (other than Holdings and

Intermediate Holdings (except as otherwise permitted by Section 10.3)) from its obligations under the

Guarantee if such Person ceases to be a Restricted Subsidiary (or becomes an Excluded Subsidiary) as a

result of a transaction or designation permitted hereunder; provided that no release shall occur if such

Guarantor becomes an Excluded Subsidiary solely as a result of the relevant Guarantor ceasing to be a

Wholly-Owned Restricted Subsidiary unless such transaction is entered into for a bona fide business

purpose (as determined by the Borrower in good faith) and, for the avoidance of doubt, not for the

primary purpose (as determined by the Borrower in good faith) of causing such release; (c) subordinate

any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent under

any Credit Document to the holder of any Lien permitted under Section 10.2(d), Section 10.2(f) and

Section 10.2(g) (solely with respect to Section 10.1(o)(iii)) or if required under the terms of any lease,

easement, right of way or similar agreement affecting the Mortgaged Property; provided that such lease,

easement, right of way or similar agreement constitutes a Permitted Lien; and (d) enter into subordination

or an Acceptable Intercreditor Agreement or intercreditor agreements with respect to Indebtedness and

any subordination agreement in connection with any Permitted Receivables Financing to the extent the

Administrative Agent or the Collateral Agent is otherwise contemplated herein as being a party to such

intercreditor or subordination agreement.

The Collateral Agent shall have its own independent right to demand payment of the amounts

payable by Intermediate Holdings under this Section 12.11, irrespective of any discharge of Intermediate

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Holdings’ obligations to pay those amounts to the other Lenders resulting from failure by them to take

appropriate steps in insolvency proceedings affecting Intermediate Holdings to preserve their entitlement

to be paid those amounts.

Any amount due and payable by Intermediate Holdings to the Collateral Agent under this

Section 12.11 shall be decreased to the extent that the other Lenders have received (and are able to

retain) payment in full of the corresponding amount under the other provisions of the Credit Documents

and any amount due and payable by Intermediate Holdings to the Collateral Agent under those provisions

shall be decreased to the extent that the Collateral Agent has received (and is able to retain) payment in

full of the corresponding amount under this Section 12.11.

12.12Right to Realize on Collateral and Enforce Guarantee. Anything contained in any of the

Credit Documents to the contrary notwithstanding, Intermediate Holdings, the Agents, and each Secured

Party hereby agree that (i) no Secured Party shall have any right individually to realize upon any of the

Collateral or to enforce the Guarantee, it being understood and agreed that all powers, rights, and

remedies hereunder may be exercised solely by the Administrative Agent, on behalf of the Secured

Parties in accordance with the terms hereof and all powers, rights, and remedies under the Security

Documents may be exercised solely by the Collateral Agent and (ii) in the event of a foreclosure by the

Collateral Agent on any of the Collateral pursuant to a public or private sale or other disposition, the

Collateral Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at any

such sale or other disposition and the Collateral Agent, as agent for and representative of the Secured

Parties (but not any Lender or Lenders in its or their respective individual capacities unless Required

Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making

settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public

sale, to use and apply any of the Obligations as a credit on account of the purchase price for any

collateral payable by the Collateral Agent at such sale or other disposition. No holder of Secured Hedge

Obligations or Secured Cash Management Obligations shall have any rights in connection with the

management or release of any Collateral or of the obligations of any Credit Party under this Agreement.

No holder of Secured Hedge Obligations or Secured Cash Management Obligations that obtains the

benefits of any Guarantee or any Collateral by virtue of the provisions hereof or of any other Credit

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 Credit Document or otherwise in respect of the Collateral (including the

release or impairment of any Collateral) other than in its capacity as a Lender or Agent and, in such case,

only to the extent expressly provided in the Credit Documents. Notwithstanding any other provision of

this Agreement to the contrary, the Administrative Agent shall not be required to verify the payment of,

or that other satisfactory arrangements have been made with respect to, Obligations arising under

Secured Hedge Agreements and Secured Cash Management Agreements, unless the Administrative

Agent has received written notice of such Obligations, together with such supporting documentation as

the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as

the case may be.

12.13Intercreditor Agreement Governs. The Administrative Agent, the Collateral Agent, and

each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions

of any Acceptable Intercreditor Agreement or other intercreditor agreement entered into pursuant to the

terms hereof, (b) hereby authorizes and instructs the Administrative Agent and the Collateral Agent to

enter into each Acceptable Intercreditor Agreement or other intercreditor agreement entered into pursuant

to the terms hereof and to subject the Liens securing the Obligations to the provisions thereof and

(c) hereby authorizes and instructs the Administrative Agent and the Collateral Agent to enter into any

Acceptable Intercreditor Agreement or other intercreditor agreement that includes, or to amend any

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then-existing-intercreditor agreement to provide for, the terms described in the definition of “Permitted

Other Indebtedness”.

12.14Certain ERISA Matters.

(a)Each Lender (x) represents and warrants, as of the date such Person became a Lender

party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the

date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and

not, for the avoidance of doubt, to or for the benefit of Intermediate Holdings 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) 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 transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a

class exemption for certain transactions determined by independent qualified professional asset

managers), PTE 95-60 (a class exemption for certain transactions involving insurance company

general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company

pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank

collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-

house asset managers), is applicable with respect to such Lender’s entrance into, participation in,

administration of and performance of the Loans, the Letters of Credit, the Commitments and this

Agreement,

(iii)(A) such Lender is an investment fund managed by a “Qualified Professional

Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional

Asset Manager made the investment decision on behalf of such Lender to enter into, participate in,

administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C)

the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit,

the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (k) 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, Intermediate Holdings and such Lender (such agreement not to be

unreasonably withheld).

(b)In addition, unless either (1) sub-clause (i) in the immediately preceding clause (a)

is true with respect to a Lender or (2) a Lender has provided another representation, warranty and

covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender

further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y)

covenants, from the date such Person became a Lender party hereto to the date such Person ceases

being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance

of doubt, to or for the benefit of Intermediate Holdings or any other Credit Party, that the

Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such

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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 Credit Document or any

documents related hereto or thereto).

12.15Erroneous Payment.

(a)If the Administrative Agent (x) notifies a Lender, Letter of Credit Issuer or any other

Secured Party, or any Person (other than a Credit Party) who has received funds on behalf of a Lender,

Letter of Credit Issuer or Secured Party (any such Lender, Letter of Credit Issuer, Secured Party or other

recipient (other than a Credit Party) (and each of their respective successors and assigns), a “Payment

Recipient”) that the Administrative Agent has determined in its sole discretion (whether or not after

receipt of any notice under immediately succeeding clause (b)) that any funds (as set forth in such notice

from the Administrative Agent) received by such Payment Recipient from the Administrative Agent or

any of its Affiliates were erroneously or mistakenly transmitted to, or otherwise erroneously or

mistakenly received by, such Payment Recipient (whether or not known to such Lender, Letter of Credit

Issuer, Secured Party or other Payment Recipient on its behalf) (any such funds, whether transmitted or

received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise,

individually and collectively, an “Erroneous Payment”) and (y) demands in writing the return of such

Erroneous Payment (or a portion thereof) within sixty (60) days of such Erroneous Payment, such

Erroneous Payment shall at all times remain the property of the Administrative Agent pending its return

or repayment as contemplated below in this Section 12.15 and held in trust for the benefit of the

Administrative Agent, and such Lender, Letter of Credit Issuer or Secured Party shall (or, with respect to

any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to)

promptly, but in no event later than two (2) Business Days thereafter (or such later date as the

Administrative Agent may, in its sole discretion, specify in writing), 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 (in the currency so received), together with interest thereon (except to the extent waived

in writing by the Administrative Agent) 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 in same day funds at the greater of the Federal Funds Effective Rate

and a rate determined by the Administrative Agent in accordance with banking industry rules on

interbank compensation from time to time in effect. A notice of the Administrative Agent to any

Payment Recipient under this clause (a) shall be conclusive, absent manifest error.

(b)Without limiting immediately preceding clause (a), each Lender, Letter of Credit Issuer,

Secured Party or any Person (other than a Credit Party) who has received funds on behalf of a Lender,

Letter of Credit Issuer or Secured Party (and each of their respective successors and assigns), agrees that

if it receives a payment, prepayment or repayment (whether received as a payment, prepayment or

repayment of principal, interest, fees, distribution or otherwise) 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 this

Agreement or 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, (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), or (z) that such Lender, Letter of Credit Issuer or Secured Party, or other such recipient,

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otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part), then

in each such case:

(i)it acknowledges and agrees that (A) in the case of immediately preceding

sub-clauses (x) or (y), an error and mistake shall be presumed to have been made (absent written

confirmation from the Administrative Agent to the contrary) or (B) an error and mistake has been made

(in the case of immediately preceding clause (z)), in each case, with respect to such payment, prepayment

or repayment; and

(ii)such Lender, Letter of Credit Issuer or Secured Party shall (and shall cause any

other recipient that receives funds on its respective behalf to) promptly (and, in all events, within one (1)

Business Day of its knowledge of the occurrence of any of the circumstances described in immediately

preceding clauses (x), (y) and (z)) notify the Administrative Agent of its receipt of such payment,

prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the

Administrative Agent pursuant to this Section 12.15(b).

For the avoidance of doubt, the failure to deliver a notice to the Administrative Agent pursuant to this

Section 12.15(b) shall not have any effect on a Payment Recipient’s obligations pursuant to Section

12.15(a) or on whether or not an Erroneous Payment has been made.

(c)Each Lender, Letter of Credit Issuer or Secured Party hereby authorizes the

Administrative Agent to set off, net and apply any and all amounts at any time owing to such Lender,

Letter of Credit Issuer or Secured Party under any Credit Document, or otherwise payable or distributable

by the Administrative Agent to such Lender, Letter of Credit Issuer or Secured Party under any Credit

Document with respect to any payment of principal, interest, fees or other amounts, against any amount

that the Administrative Agent has demanded to be returned under immediately preceding clause (a).

(d)(i) In the event that an Erroneous Payment (or portion thereof) is not recovered by the

Administrative Agent for any reason, after demand therefor in accordance with immediately preceding

clause (a), from any Lender that has received such Erroneous Payment (or portion thereof) (and/or from

any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective

behalf) (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the

Administrative Agent’s notice to such Lender at any time, then effective immediately (with the

consideration therefor being acknowledged by the parties hereto), (A) such Lender shall be deemed to

have assigned its Loans (but not its Commitments) of the relevant Class with respect to which such

Erroneous Payment was made (the “Erroneous Payment Impacted Class”) in an amount 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 Class, the

“Erroneous Payment Deficiency Assignment”) (on a cashless basis and such amount calculated at par

plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent

in such instance)), and is hereby (together with the Borrower) deemed to execute and deliver an

Assignment and Acceptance (or, to the extent applicable, an agreement incorporating an Assignment and

Acceptance by reference pursuant to a Platform as to which the Administrative Agent and such parties

are participants) with respect to such Erroneous Payment Deficiency Assignment, and such Lender shall

deliver any promissory notes evidencing such Loans to the Borrower or the Administrative Agent (but

the failure of such Person to deliver any such promissory notes shall not affect the effectiveness of the

foregoing assignment), (B) the Administrative Agent as the assignee Lender shall be deemed to have

acquired the Erroneous Payment Deficiency Assignment, (C) upon such deemed acquisition, the

Administrative Agent as the assignee Lender shall become a Lender, as applicable, hereunder with

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respect to such Erroneous Payment Deficiency Assignment and the assigning Lender shall cease to be a

Lender, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment,

excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this

Agreement and its applicable Commitments which shall survive as to such assigning Lender, (D) the

Administrative Agent and the Borrower shall each be deemed to have waived any consents required

under this Agreement to any such Erroneous Payment Deficiency Assignment, and (E) the

Administrative Agent will reflect in the Register its ownership interest in the Loans subject to the

Erroneous Payment Deficiency Assignment. For the avoidance of doubt, no Erroneous Payment

Deficiency Assignment will reduce the Commitments of any Lender and such Commitments shall remain

available in accordance with the terms of this Agreement.

(ii)Subject to Section 13.6 (but excluding, in all events, any assignment, consent or

approval requirements (whether from the Borrower or otherwise)), the Administrative Agent may, in its

discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon

receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable

Lender shall be reduced by the net proceeds of the sale of such Loan (or portion thereof), and the

Administrative Agent shall retain all other rights, remedies and claims against such Lender (and/or

against any recipient that receives funds on its respective behalf). In addition, an Erroneous Payment

Return Deficiency owing by the applicable Lender (x) shall be reduced by the proceeds of prepayments

or repayments of principal and interest, or other distribution in respect of principal and interest, received

by the Administrative Agent on or with respect to any such Loans acquired from such Lender pursuant to

an Erroneous Payment Deficiency Assignment (to the extent that any such Loans are then owned by the

Administrative Agent) and (y) may, in the sole discretion of the Administrative Agent, be reduced by any

amount specified by the Administrative Agent in writing to the applicable Lender from time to time.

(e)[Reserved].

(f)To the extent permitted by applicable law, no Payment Recipient shall assert any right or

claim to an Erroneous Payment, and hereby waives, and is deemed to waive, 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 Payment received, including, without limitation,

any defense based on “discharge for value” or any similar doctrine.

(g)Each party’s obligations, agreements and waivers under this Section 12.15 shall survive

the resignation or replacement of the Administrative Agent, any transfer of rights or obligations by, or the

replacement of, a Lender or Letter of Credit Issuer, the termination of the Commitments and/or the

repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any Credit

Document.

(h)Notwithstanding anything to the contrary herein or in any other Credit Document, this

Section 12.15 will not create any additional Obligations of the Credit Parties under the Credit Documents

or otherwise increase or alter the Obligations or create any additional covenants or obligations or duties

on the Credit Parties (other than as expressly set forth in this Section 12.15).

Section 13.Miscellaneous.

13.1Amendments, Waivers, and Releases. Except as otherwise expressly set forth in the

Credit Documents, neither this Agreement nor any other Credit Document, nor any terms hereof or

thereof, may be amended, supplemented or modified except in accordance with the provisions of this

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Section 13.1. Except as provided to the contrary under Section 1.14, 2.14 or 2.15 or the third, fourth,

fifth, sixth, seventh, eighth, ninth, tenth and eleventh paragraphs hereof, and other than with respect to

any amendment, modification or waiver contemplated in the proviso to clause (i) below, which shall only

require the consent of the Lenders expressly set forth therein and not the Required Lenders, the Required

Lenders may, or, with the written consent of the Required Lenders, the Administrative Agent and/or the

Collateral Agent may, from time to time, (a) enter into with the relevant Credit Party or Credit Parties

written amendments, supplements or modifications hereto and to the other Credit Documents for the

purpose of adding any provisions to this Agreement or the other Credit Documents or changing in any

manner the rights of the Lenders or of the Credit Parties hereunder or thereunder or (b) waive in writing,

on such terms and conditions as the Required Lenders or the Administrative Agent and/or the Collateral

Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or

the other Credit Documents or any Default or Event of Default and its consequences; provided, however,

that each such waiver and each such amendment, supplement or modification shall be effective only in

the specific instance and for the specific purpose for which given; provided, further, that no such waiver

and no such amendment, supplement or modification shall (x) (i) forgive or reduce any portion of any

Loan or extend the final scheduled maturity date of any Loan or reduce the stated interest rate of,

prepayment premium applicable to, or fee under any Loan (it being understood that only the consent of

the Required Lenders shall be necessary to waive any obligation of the Borrower to pay interest at the

Default Rate or amend Section 2.8(c)), or forgive any portion thereof, or extend the date for the payment,

of any principal, interest (including by a way of extending grace periods for the payment of interest) or

fee hereunder (other than as a result of waiving the applicability of any post-default increase in interest

rates), or changes in the amount of interest payable in cash, or extend the final expiration date of any

Letter of Credit beyond the L/C Facility Maturity Date, or make any Loan, interest, Fee or other amount

payable in any currency other than expressly provided herein or amend Section 13.8(a) or Section 11.13

or any other provision of any Credit Document governing the application of payments in respect of the

Obligations or proceeds of Collateral, in each case without the written consent of each Lender directly

and adversely affected thereby; provided that a waiver of any condition precedent in Section 6 (solely

with respect to any Letter of Credit issued on the Closing Date) or Section 7 of this Agreement, the

waiver of any Default (other than any Default under Section 11.1), Event of Default (other than any

Event of Default under Section 11.1), default interest, mandatory prepayment or reductions, any

modification, waiver or amendment to the financial covenant definitions or financial ratios or any

component thereof, the waiver of any other covenant, or the waiver or amendment of the MFN Protection

shall not constitute an increase of any Commitment of a Lender, a reduction or forgiveness in the interest

rates or the fees or premiums, or changes in the amount of interest payable in cash or a postponement of

any date scheduled for the payment of principal, premium or interest or an extension of the final maturity

of any Loan or the scheduled termination date of any Commitment, in each case for purposes of this

clause (i), or (ii) consent to the assignment or transfer by the Borrower of its rights and obligations under

any Credit Document to which it is a party (except as permitted pursuant to Section 10.3), in each case

without the written consent of each Lender directly and adversely affected thereby, or (iii) amend,

modify or waive any provision of Section 12 without the written consent of the then-current

Administrative Agent and Collateral Agent in a manner that directly and adversely affects such Person,

or (iv) amend, modify or waive any provision of Section 3 with respect to any Letter of Credit without

the written consent of the Letter of Credit Issuer to the extent such amendment, modification or waiver

directly and adversely affects the Letter of Credit Issuer, (iv) amend, modify or waive any provisions

hereof relating to Swingline Loans without the written consent of the Swingline Lender in a manner that

directly and adversely affects such Person, (v) release all or substantially all of the Guarantors under the

Guarantees (except as expressly permitted by the Guarantees, any Acceptable Intercreditor Agreement or

this Agreement) or release all or substantially all of the Collateral under the Security Documents (except

as expressly permitted by the Security Documents, any Acceptable Intercreditor Agreement or this

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Agreement) without the prior written consent of each Lender, (vi) decrease the Term Loan Repayment

Amount applicable to Term Loans or extend any scheduled Term Loan Repayment Date applicable to

Term Loans, in each case without the written consent of each Lender directly and adversely affected

thereby, (vii) [reserved], (viii) reduce the percentages specified in the definition of the term “Required

Lenders” or “Required DDTL Lenders” or amend, modify or waive any provision of this Section 13.1

that has the effect of decreasing the number of Lenders that must approve any amendment, modification

or waiver, without the written consent of each Lender, (ix) directly amend, modify or waive the (A) pro

rata sharing portions set forth in Sections 2.7, 2.16(a)(ii), 4.1, 4.2, 5.2(c), 5.2(d), 5.2(e), 5.3(a) or 13.8(a)

or (B) pro rata sharing provisions or the payment priorities as set forth in Section 11.13, in each case

without the written consent of each Lender directly and adversely affected thereby, (x) (A) subordinate or

have the effect of subordinating all or any portion of the Credit Facilities in right of payment to any other

Indebtedness or (B) subordinate or have the effect of subordinating the Lien securing all or any portion of

the Collateral to any other Lien securing any other Indebtedness, except in the case of clause (A) and (B)

with respect to (1) any Indebtedness that is expressly permitted under the Credit Documents as in effect

on the Closing Date to be senior to the Credit Facilities and/or be secured by a Lien that is senior to the

Lien securing the Credit Facilities, (2) any “debtor-in-possession” facility so long as such

“debtor-in-possession” facility and related commitments and any related buyback, exchange or “roll up”

is offered ratably toratablyto all Lenders holding such Credit Facilities or (3) any other Indebtedness so

long as such Indebtedness and any related buyback or exchange is offered ratably to all Lenders holding

such Credit Facilities and on the same terms as the other lenders participating in such other Indebtedness

and any related buyback or exchange, in each case without the consent of each Lender directly and

adversely affected thereby, or (y) notwithstanding anything to the contrary in clause (x), (i) extend the

final expiration date of any Lender’s Commitment or (ii) increase the aggregate amount of the

Commitments of any Lender, in each case, without the written consent of such Lender; provided, further,

in connection with an amendment that addresses solely a repricing transaction in which any Class of

Term Loans is refinanced with a replacement Class of Term Loans bearing (or is modified in such a

manner such that the resulting Term Loans bear) a lower Effective Yield (a “Permitted Repricing

Amendment”), only the consent of the Lenders holding Term Loans subject to such permitted repricing

transaction that will continue as a Lender in respect of the repriced tranche of Term Loans or modified

Term Loans shall be required, or (xi) waive any condition precedent set forth in Article VII with respect

to any Borrowing of Delayed Draw Term Loans without the written consent of the Required DDTL

Lenders.

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to

approve or disapprove any amendment, waiver or consent hereunder, except (x) that the Commitment of

such Lender may not be increased or extended without the consent of such Lender, (y) for any such

amendment, waiver or consent that treats such Defaulting Lender disproportionately and adversely from

the other Lenders of the same Class (other than because of its status as a Defaulting Lender) and (z) that

the principal amount of any Loan owed to such Lender may not be decreased without the consent of such

Lender.

Any such waiver and any such amendment, supplement or modification shall apply equally to

each of the affected Lenders and shall be binding upon Holdings, Intermediate Holdings, the Borrower,

such Lenders, the Administrative Agent and all future holders of the affected Loans. In the case of any

waiver, Holdings, Intermediate Holdings, the Borrower, the Lenders and the Administrative Agent shall

be restored to their former positions and rights hereunder and under the other Credit Documents, and any

Default or Event of Default waived shall be deemed to be cured and not continuing, it being understood

that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any

right consequent thereon. In connection with the foregoing provisions, the Administrative Agent may, but

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shall have no obligations to, with the concurrence of any Lender, execute amendments, modifications,

waivers or consents on behalf of such Lender.

Notwithstanding the foregoing, in addition to any credit extensions and related Joinder

Agreement(s) effectuated without the consent of Lenders in accordance with Section 2.14, this

Agreement may be amended (or amended and restated) with the written consent of the Required Lenders,

the Administrative Agent, Holdings, Intermediate Holdings and the Borrower (a) to add one or more

additional credit facilities to this Agreement and to permit the extensions of credit from time to time

outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits

of this Agreement and the other Credit Documents with the Term Loans and the Revolving Credit Loans

and the accrued interest and fees in respect thereof and (b) to include appropriately the Lenders holding

such credit facilities in any determination of the Required Lenders and other definitions related to such

New Term Loans and the Revolving Credit Loans.

In addition, notwithstanding the foregoing, this Agreement may be amended with the written

consent of the Administrative Agent, the Borrower and the Lenders providing the relevant Replacement

Facility to permit the refinancing of any Credit Facility (the “Refinanced Facility”) with a replacement

facility (a “Replacement Facility”) hereunder; provided that (a) the aggregate principal amount of

Indebtedness and the available commitment available under such Replacement Facility shall not exceed

the aggregate principal amount of Indebtedness and the available commitment amount under such

Refinanced Facility (plus an amount equal to all accrued but unpaid interest, fees, premiums and

expenses incurred in connection therewith), (b) [reserved], (c) except in the case of any Inside Maturity

Debt Exclusion, the weighted average life to maturity of such Replacement Facility shall not be shorter

than the weighted average life to maturity of such Refinanced Facility at the time of such refinancing

(except to the extent of nominal amortization for periods where amortization has been eliminated as a

result of prepayment of the applicable Term Loans) and (d) the covenants, events of default and

guarantees (excluding pricing and optional prepayments or redemption terms) either, at the option of the

Borrower, shall be not materially more favorable (taken as a whole) (as determined in good faith by the

Borrower) to the Lenders providing such Replacement Facility than the covenants, events of default and

guarantees applicable to such Refinanced Facility, except to the extent necessary to provide for covenants,

events of default and guarantees applicable to any period after the maturity date in respect of the

Refinanced Facility in effect immediately prior to such refinancing or otherwise reflect market terms and

conditions (taken as a whole) at the time of such refinancing (as determined in good faith by the

Borrower). Any such refinancing of the Revolving Credit Facility shall require an equivalent

commitment reduction thereunder.

The Lenders hereby irrevocably agree that the Liens granted to the Collateral Agent by the Credit

Parties on any Collateral shall be automatically released (i) in full, upon the termination of this

Agreement and the payment of all Obligations hereunder (except for (w) contingent indemnification

obligations in respect of which a claim has not yet been made, (x) Secured Hedge Obligations, (y) Cash

Collateralized Letters of Credit pursuant to arrangements reasonably acceptable to the Letter of Credit

Issuer and (z) Secured Cash Management Obligations), (ii) upon the sale or other disposition of such

Collateral (including as part of or in connection with any other sale or other disposition permitted

hereunder) to any Person other than another Credit Party, to the extent such sale or other disposition is

made in compliance with the terms of this Agreement (and the Collateral Agent may rely conclusively on

a certificate to that effect provided to it by any Credit Party upon its reasonable request without further

inquiry), (iii) to the extent such Collateral is comprised of property leased to a Credit Party, upon

termination or expiration of such lease, (iv) if the release of such Lien is approved, authorized or ratified

in writing by the Required Lenders (or such other percentage of the Lenders whose consent may be

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required in accordance with this Section 13.1), (v) to the extent the property constituting such Collateral

is owned by any Guarantor, upon the release of such Guarantor from its obligations under the applicable

Guarantee (in accordance with the second following sentence), (vi) as required to effect any sale or other

disposition of Collateral in connection with any exercise of remedies of the Collateral Agent pursuant to

the Security Documents and (vii) if such assets constitute Excluded Property or Excluded Stock and

Stock Equivalents. Any such release shall not in any manner discharge, affect or impair the Obligations

or any Liens (other than those being released) upon (or obligations (other than those being released) of

the Credit Parties in respect of) all interests retained by the Credit Parties, including the proceeds of any

sale, all of which shall continue to constitute part of the Collateral except to the extent otherwise released

in accordance with the provisions of the Credit Documents. Additionally, the Lenders hereby irrevocably

agree that any Restricted Subsidiary that is a Guarantor shall be released from the Guarantees upon

consummation of any transaction not prohibited hereunder resulting in such Subsidiary ceasing to

constitute a Restricted Subsidiary or otherwise no longer being required to be a Guarantor hereunder;

provided that no release shall occur if such Guarantor became an Excluded Subsidiary by virtue of no

longer being a Wholly Owned Restricted Subsidiary of a Credit Party unless it is no longer a Subsidiary

of any Credit Party or it is becoming a bona fide joint venture (as determined by Intermediate Holdings in

good faith) in a transaction otherwise permitted hereunder. The Lenders hereby authorize the

Administrative Agent and the Collateral Agent, as applicable, to execute and deliver any instruments,

documents and agreements necessary or desirable to evidence and confirm the release of any Guarantor

or Collateral pursuant to the foregoing provisions of this paragraph, all without the further consent or

joinder of any Lender.

Notwithstanding anything herein to the contrary, the Credit Documents may be amended to add

syndication or documentation agents and make customary changes and references related thereto with the

consent of only Intermediate Holdings and the Administrative Agent.

Notwithstanding anything in this Agreement (including, without limitation, this Section 13.1) or

any other Credit Document to the contrary, (i) this Agreement and the other Credit Documents may be

amended to effect an incremental facility or extension facility pursuant to Section 2.14 (and the

Administrative Agent and the Borrower may effect such amendments to this Agreement and the other

Credit Documents without the consent of any other party as may be necessary or appropriate, in the

reasonable opinion of the Administrative Agent and the Borrower, to effect the terms of any such

incremental facility or extension facility); (ii) no Lender consent is required to effect any amendment or

supplement to an Acceptable Intercreditor Agreement or other intercreditor agreement or arrangement

permitted under this Agreement that is for the purpose of adding the holders of any Indebtedness as

expressly contemplated by the terms of an Acceptable Intercreditor Agreement or such other intercreditor

agreement or arrangement permitted under this Agreement, as applicable (it being understood that any

such amendment or supplement may make such other changes to the applicable intercreditor agreement

as, in the good faith determination of the Administrative Agent in consultation with the Borrower, are

required to effectuate the foregoing; provided that such other changes are not adverse, in any material

respect, to the interests of the Lenders taken as a whole); provided, further, that no such agreement shall

amend, modify or otherwise directly and adversely affect the rights or duties of the Administrative Agent

hereunder or under any other Credit Document without the prior written consent of the Administrative

Agent; (iii) any provision of this Agreement or any other Credit Document may be amended by an

agreement in writing entered into by the Borrower and the Administrative Agent to (x) cure any

ambiguity, omission, mistake, defect or inconsistency (as reasonably determined by the Administrative

Agent and the Borrower) or (y) effect administrative changes of a technical or immaterial nature

(including to effect changes to the terms and conditions applicable solely to the Letter of Credit Issuer in

respect of issuances of Letters of Credit) and such amendment shall be deemed approved by the Lenders

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if the Lenders shall have received at least five Business Days’ prior written notice of such change and the

Administrative Agent shall not have received, within five Business Days of the date of such notice to the

Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such

amendment; and (iv) guarantees, collateral documents and related documents executed by Credit Parties

in connection with this Agreement may be in a form reasonably determined by the Administrative Agent

and may be, together with any other Credit Document, entered into, amended, supplemented or waived,

without the consent of any other Person, by the applicable Credit Party or Credit Parties and the

Administrative Agent or the Collateral Agent in its or their respective sole discretion, to (A) effect the

granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or

additional property to become Collateral for the benefit of the Secured Parties, (B) as required by local

law or advice of counsel to give effect to, or protect any security interest for the benefit of the Secured

Parties, in any property or so that the security interests therein comply with applicable requirements of

law or (C) to cure ambiguities, omissions, mistakes or defects (as reasonably determined by the

Administrative Agent and the Borrower) or to cause such guarantee, collateral security document or other

document to be consistent with this Agreement and the other Credit Documents.

Notwithstanding anything in this Agreement or any Security Document to the contrary, the

Administrative Agent may, in its sole discretion, grant extensions of time for the satisfaction of any of the

requirements under Sections 9.10, 9.11 and 9.13 or any Security Documents in respect of any particular

Collateral or any particular Subsidiary if it determines that the satisfaction thereof with respect to such

Collateral or such Subsidiary cannot be accomplished without undue expense or unreasonable effort or

due to factors beyond the control of Holdings, Intermediate Holdings and the Restricted Subsidiaries by

the time or times at which it would otherwise be required to be satisfied under this Agreement or any

Security Document.

13.2Notices. Unless otherwise expressly provided herein, all notices and other

communications provided for hereunder or under any other Credit Document shall be in writing

(including by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the

applicable address, facsimile number or electronic mail address, and all notices and other communications

expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number,

as follows:

(a)if to Holdings, Intermediate Holdings, the Borrower, the Administrative Agent, the

Collateral Agent, the Swingline Lender or the Letter of Credit Issuer, to the address, facsimile number,

electronic mail address or telephone number specified for such Person on Schedule 13.2 or to such other

address, facsimile number, electronic mail address or telephone number as shall be designated by such

party in a notice to the other parties; and

(b)if to any other Lender, to the address, facsimile number, electronic mail address or

telephone number specified in its Administrative Questionnaire or to such other address, facsimile

number, electronic mail address or telephone number as shall be designated by such party in a notice to

Holdings, Intermediate Holdings, the Borrower, the Administrative Agent, the Collateral Agent, the

Swingline and the Letter of Credit Issuer.

All such notices and other communications shall be deemed to be given or made upon the earlier to occur

of (i) actual receipt by the relevant party hereto and (ii) (A) if delivered by hand or by courier, when

signed for by or on behalf of the relevant party hereto; (B) if delivered by mail, three Business Days after

deposit in the mails, postage prepaid; (C) if delivered by facsimile, when sent and receipt has been

confirmed by telephone; and (D) if delivered by electronic mail, when delivered (except that, if not given

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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); provided that notices and other communications to

the Administrative Agent or the Lenders pursuant to Sections 2.3, 2.6, 2.9, 4.2 and 5.1 shall not be

effective until received.

13.3No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on

the part of the Administrative Agent, the Collateral Agent or any Lender, any right, remedy, power or

privilege hereunder or under the other Credit Documents shall operate as a waiver thereof, nor shall any

single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further

exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies,

powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers,

and privileges provided by law.

13.4Survival of Representations and Warranties. All representations and warranties made

hereunder, in the other Credit Documents and in any document, certificate or statement delivered pursuant

hereto or in connection herewith shall survive the execution and delivery of this Agreement and the

making of the Loans hereunder.

13.5Payment of Expenses; Indemnification.

(a)Each of Intermediate Holdings and the Borrower, jointly and severally, agree (i) to pay

or reimburse each of the Agents (promptly upon written demand (with reasonably supporting detail if the

Borrower shall so request)) for all their reasonable and documented or invoiced out-of-pocket costs and

expenses (without duplication) incurred in connection with the administration, preparation, execution and

delivery of, and any amendment, supplement, modification to, waiver and/or enforcement this Agreement

and the other Credit Documents and any other documents prepared in connection herewith or therewith,

and the consummation and administration of the transactions contemplated hereby and thereby, including

the reasonable fees, disbursements and other charges of Latham & Watkins LLP (or such other counsel

as may be agreed by the Administrative Agent and the Borrower), and, if reasonably necessary, one

counsel in each relevant local jurisdiction with the consent of the Borrower (such consent not to be

unreasonably withheld or delayed), (ii) to pay or reimburse each Agent and the Lenders for all of their

reasonable and documented or invoiced out-of-pocket costs and expenses incurred in connection with the

enforcement or preservation of any rights under this Agreement, the other Credit Documents and any

such other documents, including the reasonable fees, disbursements and other charges of one firm or

counsel to the Administrative Agent, the Collateral Agent and the Lenders, and, to the extent required,

one firm or local counsel in each relevant local jurisdiction (which may include a single special counsel

acting in multiple jurisdictions) with the Borrower’s consent (such consent not to be unreasonably

withheld or delayed (which may include a single special counsel acting in multiple jurisdictions) and, in

the case of an actual or perceived conflict of interest, one additional counsel to each group of similarly

situated Persons, taken as a whole), (iii) to pay or reimburse each of the Agents for all reasonable

out-of-pocket costs and expenses incurred by it or its Affiliates to obtain and maintain no more than two

(2) private, “shadow” credit ratings or estimates per calendar year in respect of the Loans from rating

agencies, whether obtained prior to or subsequent to the Closing Date, to the affected Indemnified

Persons similarly situated and (iv) to pay, indemnify and hold harmless each Lender, each Agent, the

Letter of Credit Issuer and their respective Related Parties (without duplication) (the “Indemnified

Persons”) from and against any and all losses, claims, damages, liabilities, obligations, demands, actions,

judgments, suits, costs, expenses, disbursements or penalties of any kind or nature whatsoever (and the

reasonable and documented or invoiced out-of-pocket fees, expenses, disbursements and other charges of

one firm of counsel for all Indemnified Persons, taken as a whole (and, in the case of an actual or

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perceived conflict of interest where the Indemnified Person affected by such conflict notifies the

Borrower of any existence of such conflict and in connection with the investigating or defending any of

the foregoing (including the reasonable fees) has retained its own counsel, of another firm of counsel for

such affected Indemnified Person), and to the extent required, one firm or local counsel in each relevant

jurisdiction (which may include a single special counsel acting in multiple jurisdictions)) of any such

Indemnified Person arising out of or relating to any action, claim, litigation, investigation or other

proceeding (regardless of whether such Indemnified Person is a party thereto or whether or not such

action, claim, litigation or proceeding was brought by Holdings, any of its Subsidiaries or any other

Person), arising out of, or with respect to the Transactions or to the execution, enforcement, delivery,

performance and administration of this Agreement, the other Credit Documents and any such other

documents, including any of the foregoing relating to any Environmental Claim, any violation of,

noncompliance with or liability under, any Environmental Law, or any actual or alleged presence,

Release or threatened Release of Hazardous Materials, in each case relating to the properties, facilities or

operations of Intermediate Holdings or any of its Subsidiaries (all the foregoing in this clause (iv),

collectively, the “Indemnified Liabilities”); provided that Intermediate Holdings and the Borrower has

no obligation hereunder to any Indemnified Person with respect to Indemnified Liabilities to the extent

arising from (i) the gross negligence, bad faith or willful misconduct of such Indemnified Person or any of

its Related Parties as determined in a final and non-appealable judgment of a court of competent

jurisdiction, (ii) a material breach (or, in the case of any claim, litigation, investigation or other

proceeding brought by a Credit Party, a breach) of the obligations of such Indemnified Person or any of

its Related Parties under the terms of this Agreement by such Indemnified Person or any of its Related

Parties as determined in a final and non-appealable judgment of a court of competent jurisdiction or

(iii) any proceeding between and among Indemnified Persons that does not involve an act or omission by

Holdings, Intermediate Holdings or its respective Restricted Subsidiaries; provided the Agents, to the

extent acting in their capacity as such, shall remain indemnified in respect of such proceeding, to the

extent that neither of the exceptions set forth in clause (i) or (ii) of the immediately preceding proviso

applies to such person at such time. The agreements in this Section 13.5 shall survive repayment of the

Loans and all other amounts payable hereunder. This Section 13.5 shall not apply with respect to Taxes,

other than any Taxes that represent losses, claims, damages, liabilities, obligations, penalties, actions,

judgments, suits, costs, expenses or disbursements arising from any non-Tax claim.

(b)No Credit Party nor any Indemnified Person shall have any liability for any special,

punitive, indirect or consequential damages resulting from this Agreement or any other Credit Document

or arising out of its activities in connection herewith or therewith (whether before or after the Closing

Date); provided that the foregoing shall not limit Intermediate Holdings’ and the Borrower’s

indemnification obligations to the Indemnified Persons pursuant to Section 13.5(a) in respect of damages

incurred or paid by an Indemnified Person to a third party. No Indemnified Person 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 Credit Documents or the transactions contemplated hereby or thereby,

except to the extent that such damages have resulted from the willful misconduct, bad faith or gross

negligence of any Indemnified Person or any of its Related Parties as determined by a final and

non-appealable judgment of a court of competent jurisdiction.

13.6Successors and Assigns; Participations and Assignments.

(a)The provisions of this Agreement shall be binding upon and inure to the benefit of the

parties hereto and their respective successors and assigns permitted hereby, except that (i) except as

expressly permitted by Section 10.3, the Borrower may not assign or otherwise transfer any of its rights

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or obligations hereunder without the prior written consent of the Administrative Agent and each Lender

(and any attempted assignment or transfer by the Borrower without such consent shall be null and void)

and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in

accordance with this Section 13.6. Nothing in this Agreement, expressed or implied, shall be construed

to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted

hereby, Participants (to the extent provided in clause (c) of this Section 13.6) and, to the extent expressly

contemplated hereby, the Related Parties of each of the Administrative Agent, the Collateral Agent, the

Letter of Credit Issuer and the Lenders and each other Person entitled to indemnification under

Section 13.5) any legal or equitable right, remedy or claim under or by reason of this Agreement.

(b)(i) Subject to the conditions set forth in clause (b)(ii) below and Section 13.7, any

Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under

this Agreement (including all or a portion of its Commitments and the Loans (including participations in

L/C Obligations and Swingline Loans) at the time owing to it) with the prior written consent (such

consent not to be unreasonably withheld or delayed; it being understood that, without limitation, the

relevant Person shall have the right to withhold their consent to any assignment if, in order for such

assignment to comply with applicable law, the Borrower would be required to obtain the consent of, or

make any filing or registration with, any Governmental Authority) of:

(A)the Borrower (such consent not to be unreasonably withheld or delayed),

and, solely with respect to Revolving Credit Loans and Revolving Credit Commitments, the Sponsor;

provided that no consent of the Borrower or the Sponsor (solely with respect to Revolving Credit Loans

and Revolving Credit Commitments) shall be required (1) for an assignment to (X) a Lender, (Y) an

Affiliate of a Lender, or (Z) an Approved Fund of a Lender, (2) for an assignment of Loans or

Commitments to any assignee if an Event of Default under Section 11.1 or Section 11.5 (with respect to

the Borrower) has occurred and is continuing or (3) unless (X) the prospective assignment is to a

Disqualified Lender or (Y) the Borrower or, in the case of Revolving Loans and/or Revolving

Commitments, the Sponsor, has already objected thereto by delivering written notice to the

Administrative Agent within ten (10) Business Days after the receipt of a written request for consent

thereto; and

(B)the Administrative Agent (not to be unreasonably withheld or delayed)

and, with respect to Revolving Credit Commitments only, the Letter of Credit Issuers and the Swingline

Lender (not to be unreasonably withheld or delayed); provided that no consent of the Administrative

Agent, Letter of Credit Issuers or Swingline Lender, as applicable, shall be required for an assignment of

to a Lender, an Affiliate of a Lender or an Approved Fund of a Lender.

Notwithstanding the foregoing, no such assignment shall be made (i) to a natural Person,

Disqualified Lender or Defaulting Lender and (ii) with respect to the Revolving Credit Commitments,

Holdings, Intermediate Holdings, the Borrower or any of its Subsidiaries or any Affiliated Lender;

provided that the list of Disqualified Lenders shall be made available to Lenders by the Administrative

Agent upon written request. For the avoidance of doubt, the Administrative Agent shall bear no

responsibility or liability for monitoring and enforcing the list of Persons who are Disqualified Lenders at

any time.

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

(A)except in the case of an assignment to a Lender, an Affiliate of a Lender

or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s

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Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender

subject to each such assignment (determined as of the date the Assignment and Acceptance with respect

to such assignment is delivered to the Administrative Agent) shall not be less than $2,500,000 in the case

of Revolving Credit Commitments and $1,000,000 in the case of Term Loans or, if less, all of such

Lender’s remaining Loans and Commitments of the applicable Class, unless each of the Borrower and the

Administrative Agent otherwise consents (which consents shall not be unreasonably withheld or delayed);

provided that no such consent of the Borrower shall be required if an Event of Default under Section 11.1

or Section 11.5 (with respect to the Borrower) has occurred and is continuing; provided, further, that

contemporaneous assignments by a Lender and its Affiliates or Approved Funds shall be aggregated for

purposes of meeting the minimum assignment amount requirements stated above (and simultaneous

assignments to or by two or more Related Funds shall be treated as one assignment), if any;

(B)each partial assignment shall be made as an assignment of a

proportionate part of all the assigning Lender’s rights and obligations under this Agreement; provided

that this clause shall not be construed to prohibit the assignment of a proportionate part of all the

assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans;

(C)the parties to each assignment shall execute and deliver to the

Administrative Agent an Assignment and Acceptance via an electronic settlement system or other

method reasonably acceptable to the Administrative Agent, together with a processing and recordation

fee in the amount of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to

waive such processing and recordation fee in the case of any assignment; provided, further, that such

processing and recordation fee shall not be payable in the case of assignments by any Agent or any of its

Affiliates;

(D)the assignee, if it shall not be a Lender, shall deliver to the

Administrative Agent an administrative questionnaire in a form approved by the Administrative Agent

(the “Administrative Questionnaire”) and applicable tax forms (as required under Section 5.4(e)); and

(E)any assignment to Holdings, Intermediate Holdings, the Borrower, any

Subsidiary or an Affiliated Lender (other than an Affiliated Institutional Lender) shall also be subject to

the requirements of Section 13.6(h).

For the avoidance of doubt, funded Delayed Draw Term Loans, and rights and obligations with

respect thereto, may be traded separate from Delayed Draw Term Loan Commitments, and rights and

obligations with respect thereto.

For the avoidance of doubt, the Administrative Agent bears no responsibility for tracking or

monitoring assignments to or participations by any Affiliated Lender or any Disqualified Lender.

(iii)Subject to acceptance and recording thereof pursuant to clause (b)(v) of this

Section 13.6, from and after the effective date specified in each Assignment and Acceptance, the

assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment

and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning

Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be

released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance

covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall

cease to be a party hereto but shall continue to be entitled to the benefits and obligations of Sections 2.10,

2.11, 3.5, 5.4 and 13.5). Any assignment or transfer by a Lender of rights or obligations under this

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Agreement that does not comply with this Section 13.6 shall be treated for purposes of this Agreement as

a sale by such Lender of a participation in such rights and obligations in accordance with clause (c) of

this Section 13.6. For the avoidance of doubt, in case of an assignment to a new Lender pursuant to this

Section 13.6, (i) the Administrative Agent, the new Lender and other Lenders shall acquire the same

rights and assume the same obligations between themselves as they would have acquired and assumed

had the new Lender been an original Lender signatory to this Agreement with the rights and/or

obligations acquired or assumed by it as a result of the assignment and to the extent of the assignment the

assigning Lender shall each be released from further obligations under the Credit Documents and (ii) the

benefit of each Security Document shall be maintained in favor of the new Lender.

(iv)The Administrative Agent, acting for this purpose as a non-fiduciary agent of the

Borrower, shall maintain at the Administrative Agent’s Office in the United States a copy of each

Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses

of the Lenders, and the Commitments of, and principal amount of the Loans (and stated interest amounts)

and any payment made by the Letter of Credit Issuer under any Letter of Credit owing to each Lender

pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be

conclusive, absent manifest error, and the Borrower, the Administrative Agent, the Collateral Agent, the

Letter of Credit Issuer and the Lenders shall treat each Person whose name is recorded in the Register

pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding

notice to the contrary, and no assignment shall be effective until recorded in the Register pursuant to this

Section 13.6(b)(iv). The Register shall be available for inspection by the Borrower, the Collateral Agent,

the Letter of Credit Issuer, the Administrative Agent and its Affiliates and, with respect to itself, any

Lender, at any reasonable time and from time to time upon reasonable prior notice. This Section

13.6(b)(iv) shall be construed so that all Loans are at all times maintained in “registered form” within the

meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related Treasury regulations (or

any other relevant or successor provisions of the Code or of such Treasury regulations).

(v)Upon its receipt of a duly completed Assignment and Acceptance executed by an

assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire and applicable

tax forms (unless the assignee shall already be a Lender hereunder), the processing and recordation fee

referred to in clause (b) of this Section 13.6 and any written consent to such assignment required by

clause (b) of this Section 13.6, the Administrative Agent shall promptly accept such Assignment and

Acceptance and record the information contained therein in the Register. No assignment, whether or not

evidenced by a promissory note, shall be effective for purposes of this Agreement unless it has been

recorded in the Register as provided in this clause (b)(v).

(c)(i)   Any Lender may, without the consent of the Borrower or the Administrative

Agent, the Swingline Lender or the Letter of Credit Issuer, sell participations to one or more banks or

other entities (other than (x) a natural person, (y) Holdings, Intermediate Holdings and its Subsidiaries

and (z) any Disqualified Lender provided, however, that, notwithstanding clause (y) hereof,

participations may be sold to Disqualified Lenders unless a list of Disqualified Lenders has been made

available to all Lenders) (each, a “Participant”) in all or a portion of such Lender’s rights and

obligations under this Agreement (including all or a portion of its Commitments and the Loans owing to

it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such

Lender shall remain solely responsible to the other parties hereto for the performance of such obligations,

and (C) the Borrower, the Administrative Agent, the Letter of Credit Issuer and the other Lenders shall

continue to deal solely and directly with such Lender in connection with such Lender’s rights and

obligations under this Agreement. For the avoidance of doubt, the Administrative Agent shall bear no

responsibility or liability for monitoring and enforcing the list of Disqualified Lenders or the sales of

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participations thereto at any time. Any agreement or instrument pursuant to which a Lender sells such a

participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to

approve any amendment, modification or waiver of any provision of this Agreement or any other Credit

Document; provided that such agreement or instrument may provide that such Lender will not, without

the consent of the Participant, agree to any amendment, modification or waiver described in

clauses (x)(i), (v) and (vi) of the second proviso to Section 13.1 that affects such Participant. Subject to

clause (c)(ii) of this Section 13.6, the Borrower agrees that each Participant shall be entitled to the

benefits and obligations of Sections 2.10, 2.11, 3.5 and 5.4 to the same extent as if it were a Lender

(subject to the limitations and requirements of those Sections as though it were a Lender and had

acquired its interest by assignment pursuant to clause (b) of this Section 13.6, including the requirements

of clause (e) of Section 5.4) (it being agreed that any documentation required under Section 5.4(e) shall

be provided to the participating Lender)). To the extent permitted by law, each Participant also shall be

entitled to the benefits of Section 13.8(b) as though it were a Lender; provided such Participant shall be

subject to Section 13.8(a) as though it were a Lender.

(ii)A Participant shall not be entitled to receive any greater payment under

Section 2.10, 2.11, 3.5 or 5.4 than the applicable Lender would have been entitled to receive absent the

sale of such the participation sold to such Participant, unless the sale of the participation to such

Participant is made with the Borrower’s prior written consent (which consent shall not be unreasonably

withheld). Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary

agent of the Borrower, maintain a register on which it enters the name and address of each Participant

and the principal amounts (and stated interest amounts) of each Participant’s interest in the Loans or

other obligations under this Agreement (the “Participant Register”). The entries in the Participant

Register shall be conclusive, absent manifest error, and such Lender shall treat each Person whose name

is recorded in the Participant Register as the owner of such participation for all purposes of this

Agreement notwithstanding any notice to the contrary. No Lender shall have any obligation to disclose

all or any portion of the Participant Register to any Person (including the identity of any Participant or

any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other

obligations under any Credit Document) except to the extent that such disclosure is necessary to establish

that such commitment, loan, letter of credit or other obligation is in registered form under

Section 5f.103-1(c) of the United States Treasury Regulations and Section 1.163-5(b) of the proposed

United States Treasury Regulations (or, in each case, any amended or successor sections).

(d)Any Lender may, without the consent of the Borrower or the Administrative Agent, at

any time pledge or assign a security interest in all or any portion of its rights under this Agreement to

secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal

Reserve Bank, or other central bank having jurisdiction over such Lender and this Section 13.6 shall not

apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment

of a security interest shall release a Lender from any of its obligations hereunder or substitute any such

pledgee or assignee for such Lender as a party hereto.

(e)Subject to Section 13.16, the Borrower authorizes each Lender to disclose to any

Participant, secured creditor of such Lender or assignee (each, a “Transferee”) and any prospective

Transferee any and all financial information in such Lender’s possession concerning the Borrower and its

Affiliates that has been delivered to such Lender by or on behalf of the Borrower and its Affiliates

pursuant to this Agreement or that has been delivered to such Lender by or on behalf of the Borrower and

its Affiliates in connection with such Lender’s credit evaluation of the Borrower and its Affiliates prior

to becoming a party to this Agreement.

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(f)The words “execution,” “signed,” “signature,” and words of like import in any

Assignment and Acceptance shall be deemed to include electronic signatures or the keeping of records in

electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually

executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent

and as provided for in any applicable law, including the Federal Electronic Signatures in Global and

National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar

state laws based on the Uniform Electronic Transactions Act.

(g)SPV Lender. Notwithstanding anything to the contrary contained herein, any Lender (a

“Granting Lender”) may grant to a special purpose funding vehicle (an “SPV”), identified as such in

writing from time to time by the Granting Lender to the Administrative Agent and the Borrower, the

option to provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise

be obligated to make the Borrower pursuant to this Agreement; provided that (i) nothing herein shall

constitute a commitment by any SPV to make any Loan and (ii) if an SPV elects not to exercise such

option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated

to make such Loan pursuant to the terms hereof. The making of a Loan by an SPV hereunder shall utilize

the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such

Granting Lender and such SPV shall have the rights of a Lender hereunder. Each party hereto hereby

agrees that no SPV shall be liable for any indemnity or similar payment obligation under this Agreement

(all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each

party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior

to the date that is one year and one day after the payment in full of all outstanding commercial paper or

other senior indebtedness of any SPV, it shall not institute against, or join any other Person in instituting

against, such SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings

under the laws of the United States or any State thereof. In addition, notwithstanding anything to the

contrary contained in this Section 13.6, any SPV may (i) with notice to, but without the prior written

consent of, the Borrower and the Administrative Agent and without paying any processing fee therefor,

assign all or a portion of its interests in any Loans to the Granting Lender or to any financial institutions

(consented to by the Borrower and the Administrative Agent) other than a Disqualified Lender providing

liquidity and/or credit support to or for the account of such SPV to support the funding or maintenance of

Loans and (ii) subject to Section 13.16, disclose on a confidential basis any non-public information

relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee

or credit or liquidity enhancement to such SPV. This Section 13.6(g) may not be amended without the

written consent of the SPV. Notwithstanding anything to the contrary in this Agreement but subject to

the following sentence, each SPV shall be entitled to the benefits of Sections 2.10, 2.11, 3.5 and 5.4 to

the same extent as if it were a Lender (subject to the limitations and requirements of those Sections as

though it were a Lender and had acquired its interest by assignment pursuant to clause (b) of this

Section 13.6, including the requirements of clause (e) of Section 5.4 (it being agreed that any

documentation required under Section 5.4(e) shall be provided to the Granting Lender)). Notwithstanding

the prior sentence, an SPV shall not be entitled to receive any greater payment under Section 2.10, 2.11,

3.5 or 5.4 than its Granting Lender would have been entitled to receive absent the grant to such SPV,

unless such grant to such SPV is made with the Borrower’s prior written consent (which consent shall

not be unreasonably withheld).

(h)Notwithstanding anything to the contrary contained herein, (x) any Lender may, at any

time, assign all or a portion of its rights and obligations under this Agreement in respect of its Term Loans

to Holdings, Intermediate Holdings, the Borrower, any Subsidiary or an Affiliated Lender and (y)

Holdings, Intermediate Holdings, the Borrower and any Subsidiary may, from time to time, purchase or

prepay Term Loans, in each case, on a non-pro rata basis through (1) Dutch auction procedures open to

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all applicable Lenders on a pro rata basis in accordance with customary procedures to be agreed between

Holdings, Intermediate Holdings or the Borrower and the Auction Agent or (2) open market purchases;

provided that:

(i)any Loans or Commitments acquired by Holdings, Intermediate Holdings, the

Borrower or any other Subsidiary shall be retired and cancelled promptly upon the acquisition thereof;

(ii)by its acquisition of Loans or Commitments, an Affiliated Lender shall be

deemed to have acknowledged and agreed that:

(A)it shall not have any right to (i) attend or participate in (including, in

each case, by telephone) any meeting (including “Lender only” meetings) or discussions (or portion

thereof) among the Administrative Agent or any Lender to which representatives of the Borrower is not

then present, (ii) receive any information or material prepared by the Administrative Agent or any Lender

or any communication by or among the Administrative Agent and one or more Lenders or any other

material which is “Lender only”, except to the extent such information or materials have been made

available to the Borrower or its representatives (and in any case, other than the right to receive notices of

prepayments and other administrative notices in respect of its Loans required to be delivered to Lenders

pursuant to Section 2) or receive any advice of counsel to the Administrative Agent or (iii) make any

challenge to the Administrative Agent’s or any other Lender’s attorney-client privilege on the basis of its

status as a Lender and waives its rights to bring actions (in its capacity as a Lender) against the

Administrative Agent; and

(B)except with respect to any amendment, modification, waiver, consent or

other action (I) in Section 13.1 requiring the consent of all Lenders, all Lenders directly and adversely

affected or specifically such Lender, (II) that alters an Affiliated Lender’s pro rata share of any payments

given to all Lenders, or (III) affects the Affiliated Lender (in its capacity as a Lender) in a manner that is

disproportionate to the effect on any Lender in the same Class, the Loans held by an Affiliated Lender

shall be disregarded in both the numerator and denominator in the calculation of any Lender vote (and, in

the case of a plan of reorganization that does not affect the Affiliated Lender in a manner that is

materially adverse to such Affiliated Lender relative to other Lenders, shall be deemed to have voted its

interest in the Term Loans in the same proportion as the other Lenders) (and shall be deemed to have

been voted in the same percentage as all other applicable Lenders voted if necessary to give legal effect

to this paragraph); and

(iii)(x) the aggregate principal amount of Term Loans held at any one time by

Affiliated Lenders may not exceed 25% of the aggregate principal amount of all Term Loans outstanding

at the time of such purchase and (y) Affiliated Lenders (other than Affiliated Institutional Lenders) shall

not constitute more than 49% in number of the total number of Term Loan Lenders;

(iv)any such Loans acquired by an Affiliated Lender may, with the consent of the

Borrower, be contributed to the Borrower and exchanged for debt or equity securities that are otherwise

permitted to be issued at such time (and such Loans or Commitments shall be retired and cancelled

promptly);

(v)the Affiliated Lender shall clearly identify itself as an Affiliated Lender in any

Assignment and Assumption executed in connection with such purchases or sales and each such

Assignment and Assumption shall contain customary “big boy” representations; and

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(vi)in the event that any proceeding under the Bankruptcy Code shall be instituted

by or against any Borrower or any other Guarantor, each Affiliated Lender shall acknowledge and agree

that they are each “insiders” under Section 101(31) of the Bankruptcy Code and, as such, the claims

associated with the Loans and Commitments owned by it shall not be included in determining whether

the applicable class of creditors holding such claims has voted to accept a proposed plan for purposes of

Section 1129(a)(10) of the Bankruptcy Code, or, alternatively, to the extent that the foregoing designation

is deemed unenforceable for any reason, each Affiliated Lender shall vote in such proceedings in the

same proportion as the allocation of voting with respect to such matter by those Lenders who are not

Affiliated Lenders.

For avoidance of doubt, the foregoing limitations shall not be applicable to Affiliated Institutional

Lenders. None of the Borrower, Holdings, Intermediate Holdings, any Subsidiary of Intermediate

Holdings or any Affiliated Lender shall be required to make any representation that it is not in possession

of information which is not publicly available and/or material with respect to Holdings, Intermediate

Holdings and its respective Subsidiaries or their respective securities for purposes of foreign, U.S. federal

and state securities laws.

(i)Notwithstanding anything in Section 13.1 or the definition of “Required Lenders” to the

contrary, for purposes of determining whether the Required Lenders have (i) consented (or not

consented) to any amendment, modification, waiver, consent or other action with respect to any of the

terms of any Credit Document or any departure by any Credit Party therefrom, (ii) otherwise acted on

any matter related to any Credit Document or (iii) directed or required the Administrative Agent or any

Lender to undertake any action (or refrain from taking any action) with respect to or under any Credit

Document, all Term Loans, Revolving Credit Commitments and Revolving Credit Loans held by

Affiliated Institutional Lender may not account for more than 49.9% (pro rata among such Affiliated

Institutional Lenders) of the Term Loans, Revolving Credit Commitments and Revolving Credit Loans of

consenting Lenders included in determining whether the Required Lenders have consented to any action

pursuant to Section 13.1.

13.7Replacements of Lenders Under Certain Circumstances.

(a)The Borrower shall be permitted (x) to replace any Lender or (y) terminate the

Commitment of such Lender or Letter of Credit Issuer, as the case may be, and (1) in the case of a Lender

(other than the Letter of Credit Issuer), repay all Obligations of the Borrower due and owing to such

Lender relating to the Loans and participations held by such Lender as of such termination date and (2) in

the case of the Letter of Credit Issuer, repay all Obligations of the Borrower owing to such Letter of

Credit Issuer relating to the Loans and participations held by the Letter of Credit Issuer as of such

termination date and cancel or backstop on terms satisfactory to such Letter of Credit Issuer any Letters

of Credit issued by it that (a) requests reimbursement for amounts owing pursuant to Sections 2.10, 3.5 or

5.4, and such Lender or Letter of Credit Issuer, as the case may be, has declined or is unable to designate

a different lending office in accordance with Section 2.12, (b) is affected in the manner described in

Section 2.10(a)(iii) and as a result thereof any of the actions described in such Section is required to be

taken, or (c) becomes a Defaulting Lender, with a replacement bank or other financial institution;

provided that (i) such replacement does not conflict with any Requirements of Law, (ii) no Event of

Default under Sections 11.1 or 11.5 shall have occurred and be continuing at the time of such

replacement, (iii) the Borrower shall repay (or the replacement bank or institution shall purchase, at par)

all Loans and other amounts pursuant to Sections 2.10, 2.11, 3.5 or 5.4, as the case may be, owing to such

replaced Lender prior to the date of replacement, (iv) the replacement bank or institution, if not already a

Lender, an Affiliate of a Lender, an Affiliated Lender or Approved Fund, and the terms and conditions of

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such replacement, shall be reasonably satisfactory to the Administrative Agent, (v) the replacement bank

or institution, if not already a Lender shall be subject to the provisions of Section 13.6(b), (vi) the

replaced Lender shall be obligated to make such replacement in accordance with the provisions of

Section 13.6 (provided that unless otherwise agreed the Borrower shall be obligated to pay the

registration and processing fee referred to therein), and (vii) any such replacement shall not be deemed to

be a waiver of any rights that the Borrower, the Administrative Agent or any other Lender shall have

against the replaced Lender.

(b)If any Lender (such Lender, a “Non-Consenting Lender”) has failed to consent to a

proposed amendment, waiver, discharge or termination that pursuant to the terms of Section 13.1 requires

the consent of either (i) all of the Lenders directly and adversely affected or (ii) all of the Lenders, and, in

each case, with respect to which the Required Lenders (or at least 50.1% of the directly and adversely

affected Lenders) shall have granted their consent, then, the Borrower has the right (unless such

Non-Consenting Lender grants such consent) to the extent not otherwise replaced, to replace such

Non-Consenting Lender by requiring such Non-Consenting Lender to assign its Loans, and its

Commitments hereunder to one or more assignees reasonably acceptable to the Administrative Agent (to

the extent such consent would be required under Section 13.6) or to terminate the Commitment of such

Lender or Letter of Credit Issuer, as the case may be, and (1) in the case of a Lender (other than the

Letter of Credit Issuer), repay all Obligations of the Borrower due and owing to such Lender relating to

the Loans and participations held by such Lender as of such termination date and (2) in the case of the

Letter of Credit Issuer, repay all Obligations of the Borrower owing to such Letter of Credit Issuer

relating to the Loans and participations held by the Letter of Credit Issuer as of such termination date and

cancel or backstop on terms satisfactory to such Letter of Credit Issuer any Letters of Credit issued by it);

provided that (a) all Obligations hereunder of the Borrower owing to such Non-Consenting Lender being

replaced shall be paid in full to such Non-Consenting Lender concurrently with such assignment

including any amounts that such Lender may be owed pursuant to Section 2.11, and (b) the replacement

Lender shall purchase the foregoing by paying to such Non-Consenting Lender a price equal to the

principal amount thereof plus accrued and unpaid interest thereon, and (c) the Borrower shall pay to such

Non-Consenting Lender the amount, if any, owing to such Lender pursuant to Section 5.1(b). In

connection with any such assignment, the Borrower, the Administrative Agent, such Non-Consenting

Lender and the replacement Lender shall otherwise comply with Section 13.6.

13.8Adjustments; Set-Off.

(a)Except as contemplated in Section 13.6 or elsewhere herein, if any Lender (a “Benefited

Lender”) shall at any time receive any payment of all or part of its Loans, or interest thereon, or receive

any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or

proceedings of the nature referred to in Section 11.5, or otherwise), in a greater proportion than any such

payment to or collateral received by any other Lender, if any, in respect of such other Lender’s Loans, or

interest thereon, such Benefited Lender shall purchase for cash from the other Lenders a participating

interest in such portion of each such other Lender’s Loan, or shall provide such other Lenders with the

benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefited

Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the

Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter

recovered from such Benefited Lender, such purchase shall be rescinded, and the purchase price and

benefits returned, to the extent of such recovery, but without interest.

(b)After the occurrence and during the continuance of an Event of Default, in addition to

any rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior

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notice to the Credit Parties but with the prior consent of the Administrative Agent, any such notice being

expressly waived by the Credit Parties to the extent permitted by applicable law, upon any amount

becoming due and payable by the Credit Parties hereunder (whether at the stated maturity, by

acceleration or otherwise) to set-off and appropriate and apply against such amount any and all deposits

(general or special, time or demand, provisional or final) (other than payroll, trust, tax, fiduciary, and

petty cash accounts), in any currency, and any other credits, indebtedness or claims, in any currency, in

each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or

owing by such Lender or any branch or agency thereof to or for the credit or the account of the Credit

Parties. Each Lender agrees promptly to notify the Credit Parties and the Administrative Agent after any

such set-off and application made by such Lender; provided that the failure to give such notice shall not

affect the validity of such set-off and application.

13.9Counterparts. This Agreement may be executed by one or more of the parties to this

Agreement on any number of separate counterparts (including by facsimile or other electronic

transmission), and all of said counterparts taken together shall be deemed to constitute one and the same

instrument. A set of the copies of this Agreement signed by all the parties shall be lodged with the

Borrower and the Administrative Agent. The words “execution,” “signed,” “signature,” “delivery,” and

words of like import in or relating to this Agreement and any other Credit Document shall be deemed to

include electronic signatures or the keeping of records in electronic form, each of which shall be of the

same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based

recordkeeping system, as the case may be, to the extent and as provided for in any applicable law,

including the Federal Electronic Signatures in Global and National Commerce Act, the New York State

Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic

Transactions Act.

13.10Severability. Any provision of this Agreement that is prohibited or unenforceable in any

jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or

unenforceability without invalidating the remaining provisions hereof, and any such prohibition or

unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any

other jurisdiction.

13.11Integration. This Agreement and the other Credit Documents represent the agreement of

Holdings, Intermediate Holdings, the Borrower, the Collateral Agent, the Administrative Agent and the

Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations

or warranties by Holdings, Intermediate Holdings, the Borrower, the Administrative Agent, the Collateral

Agent nor any Lender relative to subject matter hereof not expressly set forth or referred to herein or in

the other Credit Documents.

13.12GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS

OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND

INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK;

PROVIDED HOWEVER, THAT (I) THE DETERMINATION OF THE ACCURACY OF ANY

SPECIFIED ACQUISITION AGREEMENT REPRESENTATION, (II) THE INTERPRETATION OF

WHETHER A COMPANY GROUP MATERIAL ADVERSE EFFECT (AS DEFINED IN THE

ACQUISITION AGREEMENT) HAS OCCURRED AND (III) THE DETERMINATION OF

WHETHER THE ACQUISITION HAS BEEN CONSUMMATED IN ACCORDANCE WITH THE

TERMS OF THE ACQUISITION AGREEMENT, IN EACH CASE, SHALL BE GOVERNED BY AND

CONSTRUED IN ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE OF DELAWARE

WITHOUT GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAW PROVISION OR RULE

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(WHETHER OF THE STATE OF DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD

CAUSE THE APPLICATION OF LAWS (AS DEFINED IN THE ACQUISITION AGREEMENT) OF

ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE, INCLUDING STATUTES OF

LIMITATION.

13.13Submission to Jurisdiction; Waivers. Each party hereto irrevocably and unconditionally:

(a)submits for itself and its property in any legal action or proceeding relating to this

Agreement and the other Credit Documents to which it is a party to the exclusive general jurisdiction of

the courts of the State of New York or the courts of the United States for the Southern District of New

York, in each case sitting in New York City in the Borough of Manhattan, and appellate courts from any

thereof;

(b)consents that any such action or proceeding shall be brought in such courts and waives

(to the extent permitted by applicable law) any objection that it may now or hereafter have to the venue

of any such action or proceeding in any such court or that such action or proceeding was brought in an

inconvenient court and agrees not to plead or claim the same or to commence or support any such action

or proceeding in any other courts;

(c)agrees that service of process in any such action or proceeding shall be effected by

mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage

prepaid, to such Person at its address set forth on Schedule 13.2 at such other address of which the

Administrative Agent shall have been notified pursuant to Section 13.2;

(d)agrees that nothing herein shall affect the right of the Administrative Agent, any Lender

or another Secured Party to effect service of process in any other manner permitted by law or to

commence legal proceedings or otherwise proceed against Holdings, Intermediate Holdings, the Borrower

or any other Credit Party in any other jurisdiction; and

(e)waives, to the maximum extent not prohibited by law, any right it may have to claim or

recover in any legal action or proceeding referred to in this Section 13.13 any special, exemplary, punitive

or consequential damages; provided that nothing in this clause (e) shall limit the Credit Parties’

indemnification obligations set forth in Section 13.5.

13.14Acknowledgments. Each of Holdings, Intermediate Holdings and the Borrower hereby

acknowledges that:

(a)it has been advised by counsel in the negotiation, execution, and delivery of this

Agreement and the other Credit Documents;

(b)(i)   the credit facilities provided for hereunder and any related arranging or other

services in connection therewith (including in connection with any amendment, waiver or other

modification hereof or of any other Credit Document) are an arm’s-length commercial transaction

between the Borrower and the other Credit Parties, on the one hand, and the Administrative Agent, the

Lenders and the other Agents on the other hand, and the Borrower and the other Credit Parties are

capable of evaluating and understanding and understand and accept the terms, risks and conditions of the

transactions contemplated hereby and by the other Credit Documents (including any amendment, waiver

or other modification hereof or thereof);

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(ii)in connection with the process leading to such transaction, each of the

Administrative Agent and the other Agents, is and has been acting solely as a principal and is not the

financial advisor, agent or fiduciary for the Borrower, any other Credit Parties or any of their respective

Affiliates, equity holders, creditors or employees, or any other Person;

(iii)neither the Administrative Agent nor any other Agent has assumed or will

assume an advisory, agency or fiduciary responsibility in favor of the Borrower or any other Credit Party

with respect to any of the transactions contemplated hereby or the process leading thereto, including with

respect to any amendment, waiver or other modification hereof or of any other Credit Document

(irrespective of whether the Administrative Agent or other Agent has advised or is currently advising the

Borrower, the other Credit Parties or their respective Affiliates on other matters) and neither the

Administrative Agent or other Agent has any obligation to the Borrower, the other Credit Parties or their

respective Affiliates with respect to the transactions contemplated hereby except those obligations

expressly set forth herein and in the other Credit Documents;

(iv)the Administrative Agent, each other Agent and each Affiliate of the foregoing

may be engaged in a broad range of transactions that involve interests that differ from those of the

Borrower and its Affiliates, and neither the Administrative Agent nor any other Agent has any obligation

to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and

(v)neither the Administrative Agent nor any other Agent has provided and none will

provide any legal, accounting, regulatory or tax advice with respect to any of the transactions

contemplated hereby (including any amendment, waiver or other modification hereof or of any other

Credit Document) and the Borrower has consulted their own legal, accounting, regulatory and tax

advisors to the extent it has deemed appropriate. Each of Holdings, Intermediate Holdings, and the

Borrower hereby agrees that they will not claim that any Agent owes a fiduciary or similar duty to the

Credit Parties in connection with the Transactions contemplated hereby and waives and releases, to the

fullest extent permitted by law, any claims that it may have against the Administrative Agent or any other

Agent with respect to any breach or alleged breach of agency or fiduciary duty; and

(c)no joint venture is created hereby or by the other Credit Documents or otherwise exists

by virtue of the transactions contemplated hereby among the Lenders or among the Borrower, on the one

hand, and any Lender, on the other hand.

13.15WAIVERS OF JURY TRIAL. EACH PARTY HERETO IRREVOCABLY AND

UNCONDITIONALLY WAIVE (TO THE EXTENT PERMITTED BY APPLICABLE LAW) TRIAL

BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR

ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

13.16Confidentiality. The Administrative Agent, each other Agent and each Lender

(collectively, the “Restricted Persons” and, each a “Restricted Person”) shall treat confidentially all

non-public information provided to any Restricted Person by or on behalf of any Credit Party hereunder

in connection with such Restricted Person’s evaluation of whether to become a Lender hereunder or

obtained by such Restricted Person pursuant to the requirements of this Agreement (“Confidential

Information”) and shall not publish, disclose or otherwise divulge such Confidential Information;

provided that nothing herein shall prevent any Restricted Person from disclosing any such Confidential

Information (a) pursuant to the order of any court or administrative agency or in any pending legal,

judicial or administrative proceeding, or otherwise as required by applicable law, rule or regulation or

compulsory legal process (in which case such Restricted Person agrees (except with respect to any

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routine or ordinary course audit or examination conducted by bank accountants or any governmental or

regulatory or self-regulatory authority exercising examination or regulatory authority), to the extent

practicable and not prohibited by applicable law, rule or regulation, to inform Intermediate Holdings

promptly thereof prior to disclosure), (b) upon the request or demand of any regulatory authority

(including to the National Association of Insurance Commissioners or any similar organization), any

examiner or any nationally recognized rating agency having jurisdiction over such Restricted Person or

any of its Affiliates or Approved Funds (in which case such Restricted Person agrees (except with respect

to any routine or ordinary course audit or examination conducted by bank accountants or any

governmental or regulatory or self-regulatory authority exercising examination or regulatory authority or

any required disclosure to any insurance regulator) to the extent practicable and not prohibited by

applicable law, rule or regulation, to inform Intermediate Holdings promptly thereof prior to disclosure),

(c) to the extent that such Confidential Information becomes publicly available other than by reason of

improper disclosure by such Restricted Person or any of its affiliates or any related parties thereto in

violation of any confidentiality obligations owing under this Section 13.16, (d) to the extent that such

Confidential Information is received by such Restricted Person from a third party that is not, to such

Restricted Person’s knowledge, subject to confidentiality obligations owing to any Credit Party or any of

their respective subsidiaries or affiliates or Approved Funds, (e) to the extent that such Confidential

Information was already in the possession of the Restricted Persons prior to any duty or other

undertaking of confidentiality or is independently developed by the Restricted Persons without the use of

such Confidential Information, (f) to such Restricted Person’s affiliates and Approved Funds and to its

and their respective officers, directors, partners, employees, legal counsel, independent auditors,

investors, potential investors, and other experts, including credit risk insurers and brokers, financing

sources (or alternative leverage providers), or agents who need to know such Confidential Information in

connection with providing the Loans or action as an Agent hereunder and who are informed of the

confidential nature of such Confidential Information and who are subject to customary confidentiality

obligations of professional practice or who agree to be bound by the terms of this Section 13.16 (or

confidentiality provisions at least as restrictive as those set forth in this Section 13.16) (with each such

Restricted Person, to the extent within its control, responsible for such person’s compliance with this

paragraph) and, (g) to potential or prospective Lenders, hedge providers (or other derivative transaction

counterparties) (any such person, a “Derivative Counterparty”), participants or assignees, in each case

who agree (pursuant to customary syndication practice) to be bound by the terms of this Section 13.16 (or

confidentiality provisions at least as restrictive as those set forth in this Section 13.16); provided that

(i) the disclosure of any such Confidential Information to any Lenders, Derivative Counterparties or

prospective Lenders, Derivative Counterparties or participants or prospective participants referred to

above shall be made subject to the acknowledgment and acceptance by such Lender, Derivative

Counterparty or prospective Lender or participant or prospective participant that such Confidential

Information is being disseminated on a confidential basis (on substantially the terms set forth in this

Section 13.16 or confidentiality provisions at least as restrictive as those set forth in this Section 13.16)

in accordance with the standard syndication processes of such Restricted Person or customary market

standards for dissemination of such type of information, which shall in any event require “click through”

or other affirmative actions on the part of recipient to access such Confidential Information and (ii) no

such disclosure shall be made by any Restricted Person to whom a list of Disqualified Lenders has been

made available to any person that is at such time a Disqualified Lender, (h) for purposes of establishing a

“due diligence” defense, (i) to rating agencies in connection with obtaining ratings (including shadow

ratings) for Intermediate Holdings and the Credit Facilities to the extent such rating agencies are subject

to customary confidentiality obligations of professional practice or agree to be bound by the terms of this

Section 13.16 (or confidentiality provisions at least as restrictive as those set forth in this Section 13.16),

(j) to the Securities and Exchange Commission in connection with filings, submissions and other similar

documentation required to comply with Securities and Exchange Commission filing requirements, (k) in

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the case of any Lender that is a fund, any general partners or directors of such fund, the prospective

investors in such fund, or the direct or indirect limited partners in such fund, in each case that are bound

by confidentiality obligations to such fund, in each case, on a need to know basis if such Lender or such

Lender’s holding or parent company in its reasonable discretion determines that any such party should

have access to such information, provided that such Persons shall be subject to the provisions of this

Section 13.16 to the same extent as such Lender, (l) to data service providers, including league table

providers, that serve the lending industry if such Confidential Information is customarily provided to

such data service providers. Notwithstanding the foregoing, (i) Confidential Information shall not

include, with respect to any Person, information available to it or its Affiliates on a non-confidential

basis from a source other than Holdings, Intermediate Holdings, its Subsidiaries or its Affiliates, (ii) the

Administrative Agent shall not be responsible for compliance with this Section 13.16 by any other

Restricted Person (other than its officers, directors or employees), (iii) in no event shall any Lender, the

Administrative Agent or any other Agent be obligated or required to return any materials furnished by

Holdings, Intermediate Holdings or any of its Subsidiaries, and (iv) each Agent and each Lender may

disclose the existence of this Agreement and the information about this Agreement to market data

collectors, similar services providers to the lending industry, and service providers to the Agents and the

Lenders in connection with the administration, settlement and management of this Agreement and the

other Credit Documents or to the extent Intermediate Holdings has consented in writing to such

disclosure.

13.17Direct Website Communications. Each of Holdings, Intermediate Holdings and the

Borrower may, at its option, provide to the Administrative Agent any information, documents and other

materials that it is obligated to furnish to the Administrative Agent pursuant to the Credit Documents,

including, without limitation, all notices, requests, financial statements, financial, and other reports,

certificates, and other information materials, but excluding any such communication that (A) relates to a

request for a new, or a conversion of an existing, borrowing or other extension of credit (including any

election of an interest rate or interest period relating thereto, (B) relates to the payment of any principal

or other amount due under this Agreement prior to the scheduled date therefor, (C) provides notice of any

default or event of default under this Agreement or (D) is required to be delivered to satisfy any

condition precedent to the effectiveness of this Agreement and/or any borrowing or other extension of

credit thereunder (all such non-excluded communications being referred to herein collectively as

“Communications”), by transmitting the Communications in an electronic/soft medium in a format

reasonably acceptable to the Administrative Agent to the Administrative Agent at an email address

provided by the Administrative Agent from time to time; provided that (i) upon written request by the

Administrative Agent, Holdings, Intermediate Holdings or the Borrower shall deliver paper copies of

such documents to the Administrative Agent for further distribution to each Lender until a written

request to cease delivering paper copies is given by the Administrative Agent and (ii) Holdings,

Intermediate Holdings or the Borrower shall notify (which may be by facsimile or electronic mail) the

Administrative Agent of the posting of any such documents and provide to the Administrative Agent by

electronic mail electronic versions (i.e., soft copies) of such documents. Each Lender shall be solely

responsible for timely accessing posted documents or requesting delivery of paper copies of such

documents from the Administrative Agent and maintaining its copies of such documents. Nothing in this

Section 13.17 shall prejudice the right of Intermediate Holdings, the Borrower, the Administrative Agent,

any other Agent or any Lender to give any notice or other communication pursuant to any Credit

Document in any other manner specified in such Credit Document.

The Administrative Agent agrees that the receipt of the Communications by the Administrative

Agent at its e-mail address set forth above shall constitute effective delivery of the Communications to

the Administrative Agent for purposes of the Credit Documents. Each Lender agrees that notice to it (as

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provided in the next sentence) specifying that the Communications have been posted to the Platform shall

constitute effective delivery of the Communications to such Lender for purposes of the Credit

Documents. Each Lender agrees (A) to notify the Administrative Agent in writing (including by

electronic communication) from time to time of such Lender’s e-mail address to which the foregoing

notice may be sent by electronic transmission and (B) that the foregoing notice may be sent to such

e-mail address.

(a)Each of Holdings, Intermediate Holdings and the Borrower further agrees that any Agent

may make the Communications available to the Lenders by posting the Communications on Intralinks or

a substantially similar electronic transmission system (the “Platform”), so long as the access to such

Platform (i) is limited to the Agents, the Lenders and Transferees or prospective Transferees and

(ii) remains subject to the confidentiality requirements set forth in Section 13.16.

(b)THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT

PARTIES DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF ANY MATERIALS OR

INFORMATION PROVIDED BY THE CREDIT PARTIES (THE “BORROWER MATERIALS”) OR

THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS

IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND,

EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF

MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF

THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE

BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE

PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the

“Agent Parties” and each an “Agent Party”) have any liability to the Borrower, any Lender, or any

other Person for losses, claims, damages, liabilities, or expenses of any kind (whether in tort, contract or

otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower

Materials through the internet, except to the extent the liability of any Agent Party resulted from such

Agent Party’s (or any of its Related Parties’ (other than any trustee or advisor)) gross negligence, bad

faith or willful misconduct or material breach of the Credit Documents as determined in the final

non-appealable judgment of a court of competent jurisdiction.

(c)Each of Holdings, Intermediate Holdings and the Borrower and each Lender

acknowledge that certain of the Lenders may be “public-side” Lenders (Lenders that do not wish to

receive material non-public information with respect to Holdings, Intermediate Holdings and the

Borrower, the Subsidiaries or their securities) and, if documents or notices required to be delivered

pursuant to the Credit Documents or otherwise are being distributed through the Platform, any document

or notice that Holdings, Intermediate Holdings or the Borrower has indicated contains only publicly

available information with respect to Holdings, Intermediate Holdings or the Borrower may be posted on

that portion of the Platform designated for such public-side Lenders. If Holdings, Intermediate Holdings

or the Borrower has not indicated whether a document or notice delivered contains only publicly

available information, the Administrative Agent shall post such document or notice solely on that portion

of the Platform designated for Lenders who wish to receive material nonpublic information with respect

to Holdings, Intermediate Holdings, the Borrower, the Subsidiaries and their securities.

13.18USA PATRIOT Act. Each Lender hereby notifies each Credit Party that, pursuant to the

requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001))

(the “Patriot Act”) and the requirements of the Beneficial Ownership Regulation, it is required to obtain,

verify, and record information that identifies each Credit Party, which information includes the name,

address and tax identification number of each Credit Party and other information that will allow such

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Lender to identify each Credit Party in accordance with the Patriot Act and the Beneficial Ownership

Regulation (and which information shall include, for the avoidance of doubt, a certification regarding

beneficial ownership as required by the Beneficial Ownership Regulation).

13.19Judgment Currency. In respect of any judgment or order given or made for any amount

due under this Agreement or any other Credit Document that is expressed and paid in a currency (the

“judgment currency”) other than Dollars, the Credit Parties will indemnify Administrative Agent, Letter

of Credit Issuer and any Lender against any loss incurred by them as a result of any variation as between

(i) the rate of exchange at which the Dollar amount is converted into the judgment currency for the

purpose of such judgment or order and (ii) the rate of exchange, as quoted by Administrative Agent or by

a known dealer in the judgment currency that is designated by Administrative Agent, at which

Administrative Agent, Letter of Credit Issuer or such Lender is able to purchase Dollars with the amount

of the judgment currency actually received by Administrative Agent, the Letter of Credit Issuer or such

Lender. If the amount of Dollars so purchased is greater than the sum originally due to the

Administrative Agent in Dollars, the Administrative Agent agrees to return the amount of any excess to

the Borrower (or any other person who may be entitled thereto under applicable law). The foregoing

indemnity shall constitute a separate and independent obligation of the Credit Parties and shall survive

any termination of this Agreement and the other Credit Documents and shall continue in full force and

effect notwithstanding any such judgment or order as aforesaid. The term “rate of exchange” shall

include any premiums and costs of exchange payable in connection with the purchase of or conversion

into Dollars.

13.20Payments Set Aside. To the extent that any payment by or on behalf of Holdings,

Intermediate Holdings or the Borrower is made to any Agent or any Lender, or any Agent or any Lender

exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is

subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including

pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a

trustee, receiver, or any other party, in connection with any proceeding or otherwise, then (a) to the extent

of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and

continued in full force and effect as if such payment had not been made or such setoff had not occurred

and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share

of any amount so recovered from or repaid by any Agent, plus interest thereon from the date of such

demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from

time to time in effect.

13.21No Fiduciary Duty. Each Agent, each Lender, each Letter of Credit Issuer and their

respective Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have

economic interests that conflict with those of the Credit Parties, their equity holders and/or their

affiliates. Each Credit Party agrees that nothing in the Credit Documents or otherwise will be deemed to

create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any

Lender, on the one hand, and such Credit Party, its equity holders or its affiliates, on the other. The

Credit Parties acknowledge and agree that (i) the transactions contemplated by the Credit Documents

(including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial

transactions between the Lenders, on the one hand, and the Credit Parties, on the other, and (ii) in

connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or

fiduciary responsibility in favor of any Credit Party, its equity holders or its affiliates with respect to the

transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the

process leading thereto (irrespective of whether any Lender has advised, is currently advising or will

advise any Credit Party, its equity holders or its Affiliates on other matters) or any other obligation to any

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Credit Party except the obligations expressly set forth in the Credit Documents and (y) each Lender is

acting solely as principal and not as the agent or fiduciary of any Credit Party, its management, equity

holders or creditors. Each Credit Party acknowledges and agrees that it has consulted its own legal and

financial advisors to the extent it deemed appropriate and that it is responsible for making its own

independent judgment with respect to such transactions and the process leading thereto. Each Credit

Party agrees that it will not claim that any Lender has rendered advisory services of any nature or respect

or owes a fiduciary or similar duty to such Credit Party, in connection with such transaction or the

process leading thereto.

13.22Nature of Obligations of the Borrower.

(a)Notwithstanding anything to the contrary contained elsewhere in this Agreement, it is

understood and agreed by the various parties to this Agreement that all of the Borrower’s Obligations to

repay principal of, interest on, and all other amounts with respect to, all Loans, L/C Obligations and all

other Obligations of the Borrower pursuant to this Agreement (including, without limitation, all fees,

indemnities, taxes and other Obligations in connection therewith or in connection with the related

Commitments) shall be guaranteed pursuant to, and in accordance with the terms of, the Guarantee.

(b)The obligations of the Borrower with respect to the Borrower’s Obligations are

independent of the obligations of any Guarantor under its guaranty of the Borrower’s Obligations, and a

separate action or actions may be brought and prosecuted against each Borrower, whether or not any such

Guarantor is joined in any such action or actions. The Borrower waives, to the fullest extent permitted

by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement

thereof.

(c)The Borrower authorizes the Administrative Agent and the Lenders without notice or

demand (except as shall be required by the Credit Documents and applicable statute that cannot be

waived), and without affecting or impairing its liability hereunder, from time to time to:

(i)exercise or refrain from exercising any rights against any Guarantor or others or

otherwise act or refrain from acting;

(ii)apply any sums paid by any other Person, howsoever realized or otherwise

received to or for the account of the Borrower to any liability or liabilities of such other Person

regardless of what liability or liabilities of such other Person remain unpaid; and/or

(iii)consent to or waive any breach of, or act, omission or default under, this

Agreement, the other Credit Documents or any of the instruments or agreements referred to herein, or

otherwise, by any such or other Person.

(d)It is not necessary for the Administrative Agent or any Lender to inquire into the

capacity or powers of the Borrower or any of its Subsidiaries or the officers, directors, members, partners

or agents acting or purporting to act on its behalf.

(e)The Borrower waives any right to require the Administrative Agent or the other Lenders

to (i) proceed against any Guarantor or any other party, (ii) proceed against or exhaust any security held

from any Guarantor or any other party or (iii) pursue any other remedy in the Administrative Agent’s or

the Lenders’ power whatsoever. The Borrower waives any defense based on or arising out of suretyship

or any impairment of security held from the Borrower, any Guarantor or any other party or on or arising

out of any defense of any Guarantor or any other party other than payment in full in cash of the

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Obligations of the Credit Parties, including, without limitation, any defense based on or arising out of the

disability of any Guarantor or any other party, or the unenforceability of the Obligations of the Borrower

or any part thereof from any cause, in each case other than as a result of the payment in full in cash of the

Obligations of the Borrower.

(f)All provisions contained in any Credit Document shall be interpreted consistently with

this Section 13.22 to the extent possible.

13.23Cashless Settlement. Notwithstanding anything to the contrary contained in this

Agreement, any Lender may exchange, continue or rollover all or a portion of its Loans in connection

with any refinancing, extension, loan modification or similar transaction permitted by the terms of this

Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the Administrative

Agent and such Lender.

13.24Acknowledgment and Consent to Bail-In of Affected Financial Institutions.

Notwithstanding anything to the contrary in any Credit Document or in any other agreement,

arrangement or understanding among any parties to any Credit Document, each party hereto

acknowledges that any liability of any Affected Financial Institution arising under any Credit Document

may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and

agrees and consents to, and acknowledges and agrees to be bound by:

(a)the application of any Write-Down and Conversion Powers by the applicable Resolution

Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an

Affected Financial Institution; and

(b)the effects of any Bail-In Action on any such liability, including, if applicable:

(i)a reduction in full or in part or cancellation of any such liability,

(ii)a conversion of all, or a portion of, such liability into shares or other instruments

of ownership in such Affected Financial Institution, its parent entity, or a bridge institution that may be

issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be

accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other

Credit Document; or

(iii)the variation of the terms of such liability in connection with the exercise of the

Write-Down and Conversion Powers of the applicable Resolution Authority.

13.25Acknowledgement Regarding Any Supported QFCs

To the extent that the Credit Documents provide support, through a guarantee or otherwise, for

Swap Agreements or any other agreement or instrument that is a QFC (such support “QFC Credit

Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with

respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit

Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together

with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such

Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the

Credit Documents and any Supported QFC may in fact be stated to be governed by the laws of the State

of New York and/or of the United States or any other state of the United States):

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In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”)

becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported

QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such

Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC

or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer

would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit

Support (and any such interest, obligation and rights in property) were governed by the laws of the

United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a

Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default

Rights under the Credit Documents that might otherwise apply to such Supported QFC or any QFC Credit

Support that may be exercised against such Covered Party are permitted to be exercised to no greater

extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the

Supported QFC and the Credit Documents were governed by the laws of the United States or a state of

the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies

of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party

with respect to a Supported QFC or any QFC Credit Support.

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