<SEC-DOCUMENT>0001104659-23-079157.txt : 20230707
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<ACCEPTANCE-DATETIME>20230707163817
ACCESSION NUMBER:		0001104659-23-079157
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20230630
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20230707
DATE AS OF CHANGE:		20230707

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RALPH LAUREN CORP
		CENTRAL INDEX KEY:			0001037038
		STANDARD INDUSTRIAL CLASSIFICATION:	MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
		IRS NUMBER:				132622036
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0328

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13057
		FILM NUMBER:		231077345

	BUSINESS ADDRESS:	
		STREET 1:		650 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2123187000

	MAIL ADDRESS:	
		STREET 1:		650 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POLO RALPH LAUREN CORP
		DATE OF NAME CHANGE:	19970402
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>UNITED STATES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Washington, D.C. 20549</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>FORM <span id="xdx_90C_edei--DocumentType_c20230630__20230630_z7UHXf21k6Qk"><ix:nonNumeric contextRef="AsOf2023-06-30" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>CURRENT REPORT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Pursuant to Section&#160;13 or 15(d)&#160;of
the Securities Exchange Act of 1934</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in its charter)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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Identification No.)</b></span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Registrant&#8217;s
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">N/A</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed since
last report)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the Form&#160;8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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    <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Wingdings"><span id="xdx_909_edei--WrittenCommunications_c20230630__20230630_zAzTngRqcCnh"><ix:nonNumeric contextRef="AsOf2023-06-30" format="ixt:booleanfalse" name="dei:WrittenCommunications">&#168;</ix:nonNumeric></span></span></span></td>
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    <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Securities registered pursuant to Section&#160;12(b)&#160;of the
Act:</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule&#160;405 of the Securities Act of 1933 (&#167; 230.405 of this chapter) or Rule&#160;12b-2 of the Securities
Exchange Act of 1934 (&#167; 240.12b-2 of this chapter).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 10pt">Emerging growth company </span><span style="font-family: Wingdings"><span id="xdx_90C_edei--EntityEmergingGrowthCompany_c20230630__20230630_zPTZkTJ9hDDj"><ix:nonNumeric contextRef="AsOf2023-06-30" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany">&#168;</ix:nonNumeric></span></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt">If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section&#160;13(a)&#160;of the Exchange Act. </span><span style="font-family: Wingdings">&#168;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 1 -->
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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<td style="text-align: justify; width: 0.75in"><b>Item 1.01. </b></td>
<td style="text-align: justify"><b>Entry into a Material Definitive Agreement.</b></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June&#160;30, 2023 (&#8220;<span style="text-decoration: underline">Effective
Date</span>&#8221;), Ralph Lauren Corporation (the &#8220;<span style="text-decoration: underline">Company</span>&#8221;) and certain of its foreign subsidiaries (collectively with
the Company, the &#8220;<span style="text-decoration: underline">Borrowers</span> &#8221;) entered into a definitive credit agreement (the &#8220;<span style="text-decoration: underline">Agreement</span>&#8221;) for
a revolving credit facility (the &#8220;<span style="text-decoration: underline">Facility</span>&#8221;) with JPMorgan Chase Bank, N.A., as administrative agent (the &#8220;<span style="text-decoration: underline">Administrative
Agent</span>&#8221;), Bank of America, N.A. as syndication agent, HSBC Bank USA, N.A.,&#160;ING Bank N.V., Dublin Branch, Deutsche Bank Securities
Inc. and Sumitomo Mitsui Banking Corporation as co-documentation agents and a syndicate of financial institutions and institutional lenders
(the &#8220;<span style="text-decoration: underline">Lenders</span>&#8221;). The Facility may be used to finance the working capital needs, capital expenditures, certain investments
and general corporate purposes of the Borrowers and their subsidiaries (which may include commercial paper back-up) and for funding of
acquisitions. Letters of credit (the &#8220;<span style="text-decoration: underline">Letters of Credit</span>&#8221;) may be issued under the Agreement as described below. Certain
terms and conditions of the Facility are as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Structure</span></span>.
The Agreement provides for a five-year, with options for extension, senior revolving credit facility in an aggregate amount at any one
time outstanding of up to $750 million, including sub-facilities for Letters of Credit. In addition, the Agreement provides that the revolving
commitments under the Facility may be increased up to $1.5 billion, subject to certain terms and conditions. The Facility will mature
in June&#160;2028. Loans may be made, at the Borrowers&#8217; election, in Euros, Hong Kong Dollars, Japanese Yen and certain other currencies,
in addition to U.S. Dollars.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Letters
of Credit</span></span>. The Facility will be available for the issuance of Letters of Credit by the Administrative Agent or one or more
other Lenders. Standby Letters of Credit may be issued in respect of obligations of the Company or any of its subsidiaries incurred pursuant
to contracts made or performances undertaken, or to be undertaken, or like matters relating to contracts to which the Company or any of
its subsidiaries is, or proposes to become, a party in the ordinary course of business, including, but not limited to, for insurance purposes
and in connection with lease transactions. Commercial Letters of Credit may be issued to finance purchases of goods by the Company and
its subsidiaries in the ordinary course of business. The aggregate amount outstanding at any time with respect to Letters of Credit may
not exceed $50 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Interest
Rates and Fees</span></span>. Pursuant to the Agreement, borrowings under the Facility bear interest at a rate per annum equal to, at the
Borrowers&#8217; option, either (a)&#160;an alternate base rate or (b)&#160;an adjusted term SOFR rate or the applicable currency in which
the loans are made (the &#8220;<span style="text-decoration: underline">Term Benchmark Rate</span>&#8221;) plus an applicable margin. The applicable margin for Term Benchmark
Rate loans will be adjusted by reference to a grid (the &#8220;<span style="text-decoration: underline">Pricing Grid</span>&#8221;) based on ratings for the Company&#8217;s senior,
unsecured long-term indebtedness provided by established ratings agencies. Additionally, the Borrowers will pay a commitment fee, calculated
at a rate per annum determined in accordance with the Pricing Grid, on the average daily unused amount of the Facility, payable quarterly
in arrears, and certain fees with respect to Letters of Credit that are issued.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Optional
Prepayments and Commitment Reductions</span></span>. Loans under the Agreement may be prepaid and commitments may be terminated or reduced
by the Borrowers without premium or penalty (other than &#8220;breakage costs&#8221; described below under &#8220;Yield Protection&#8221;)
in minimum amounts of generally, in the case of prepayments, $500,000, and in the case of partial commitment reductions, $1 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Guarantors</span></span>.
The Facility is guaranteed by certain direct and indirect domestic subsidiaries of the Company which became party to a Guarantee Agreement
dated as of the Effective Date and each domestic subsidiary that, subsequent to the Effective Date, becomes a Significant Subsidiary (as
defined in Regulation S-X, part 210.1-02 of Title 17 of the Code of Federal Regulations).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Restrictive
Covenants and Other Matters</span></span>. The Agreement contains negative covenants that, subject to significant exceptions, limit the ability
of the Company and its subsidiaries to, among other things, incur debt, engage in new lines of business, incur liens, engage in mergers,
consolidations, liquidations and dissolutions, dispose of substantially all of the assets of the Company and its subsidiaries, make investments,
loans, advances, guarantees and acquisitions and enter into transactions with affiliates. The Company and its subsidiaries must also meet
on a quarterly basis a test based on the ratio of (a)&#160;consolidated debt and operating lease obligations to (b)&#160;consolidated
earnings before interest, taxes, depreciation, amortization and operating lease expense.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Events
of Default</span></span>. The Agreement contains events of default that are customary for a facility of this nature, including (subject in
certain cases to grace or cure periods) nonpayment of principal, nonpayment of interest, fees or other amounts, material inaccuracy of
representations and warranties, violation of covenants, cross-default to other material indebtedness, guarantees ceasing to be in full
force or effect, bankruptcy or insolvency events, certain events arising under the Employee Income Retirement Security Act of 1974, as
amended, material judgments and a failure of Mr.&#160;Ralph Lauren or persons related to him to maintain control of the Company as specified
in the Agreement. If an event of default occurs, the commitments of the Lenders to lend under the Facility may be terminated and the maturity
of the amounts owed may be accelerated.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Yield
Protection</span></span>. The Agreement contains customary provisions including indemnification of the Lenders for &#8220;breakage costs&#8221;
incurred in connection with, among other things, any prepayment of a loan bearing interest based upon the Term Benchmark Rate on a day
other than the last day of an interest period with respect to such loan.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the ordinary course of
their business, the Lenders and certain of their affiliates have in the past or may in the future engage in investment and commercial
banking or other transactions of a financial nature with the Company or its affiliates, including the provision of certain advisory services
and the making of loans to the Company and its affiliates. In particular, certain affiliates of the Lenders are agents and/or lenders
under the Credit Agreement, dated as of August&#160;12, 2019, among the Company, Ralph Lauren Europe S&#224;rl, RL Finance B.V. and
Ralph Lauren Asia Pacific Limited as the borrowers, the lenders party thereto, Bank of America, N.A., as syndication agent, Wells Fargo
Bank, N.A., HSBC Bank USA, N.A.,&#160;ING Bank N.V., Dublin Branch, and Deutsche Bank Securities Inc., as co-documentation agents, and
JPMorgan Chase Bank, N.A., as administrative agent (as amended from time to time, the &#8220;<span style="text-decoration: underline">Existing Credit Facility</span>&#8221;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This summary does not purport
to be complete and is qualified in its entirety by reference to the Agreement which is attached hereto as Exhibit&#160;10.1. Interested
parties should read this document in its entirety.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top">
<td style="width: 0.75in"><b>Item 1.02</b></td><td style="text-align: justify"><b>Termination of Material Definitive Agreement.</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Existing Credit Facility
was terminated on the Effective Date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top">
<td style="width: 0.75in"><b>Item 2.03.</b></td><td style="text-align: justify"><b>Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
a Registrant.</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information contained in Item 1.01 above regarding
the Agreement and the Facility is hereby incorporated by reference into this Item 2.03.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 0.75in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Item 9.01</b></span></td>
    <td>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Financial Statements and Exhibits.</b></p></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(a)</td><td style="text-align: justify">Exhibits.</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 94%; margin-left: 0.5in"><tr style="vertical-align: top; text-align: justify">
<td style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left; width: 9%">EXHIBIT NO.</td>
    <td style="padding-bottom: 1pt; width: 2%">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: justify; width: 89%"> DESCRIPTION</td>
</tr>
<tr>
    <td style="vertical-align: top; text-align: left"><a href="tm2320755d1_ex10-1.htm"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1</span></a></td>
    <td>&#160;</td>
    <td style="vertical-align: bottom; text-align: justify"><a href="tm2320755d1_ex10-1.htm"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit Agreement, dated as of June&#160;30, 2023, among Ralph Lauren Corporation, Ralph Lauren Europe S&#224;rl, RL Finance B.V. and Ralph Lauren Asia Pacific Limited as the borrowers, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., as syndication agent,&#160;&#160;HSBC Bank USA, N.A.,&#160;ING Bank N.V., Dublin Branch, Deutsche Bank Securities Inc. and Sumitomo Mitsui Banking Corporation, as co-documentation agents.</span></a></td></tr>
  <tr style="vertical-align: bottom">
    <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">104</span></td>
    <td>&#160;</td>
    <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The cover page&#160;from this Current Report on Form&#160;8-K, is formatted in Inline XBRL.</span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURE</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td colspan="2"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>RALPH LAUREN CORPORATION</b></span></td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td colspan="2">&#160;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="width: 50%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: July&#160;7, 2023</span></td>
    <td style="width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</span></td>
    <td style="border-bottom: Black 1pt solid; width: 45%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Jane Hamilton Nielsen</span></td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</span></td>
    <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jane Hamilton Nielsen&#160;&#160;&#160;&#160;&#160;&#160;</span></td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</span></td>
    <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Operating Officer and Chief Financial Officer</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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<TEXT>
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<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>EXECUTION VERSION</B></P>

<P STYLE="border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CREDIT AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">dated as of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">June&nbsp;30, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">among</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">RALPH LAUREN CORPORATION, RL FINANCE B.V., RALPH
LAUREN EUROPE S&Agrave;RL and RALPH LAUREN ASIA PACIFIC LIMITED,<BR>
as Borrowers,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The Lenders Party Hereto</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">JPMORGAN CHASE BANK, N.A.,<BR>
as Administrative Agent</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">BANK OF AMERICA, N.A.,<BR>
as Syndication Agent</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">HSBC BANK USA, N.A.,&nbsp;ING BANK N.V., DUBLIN
BRANCH, DEUTSCHE BANK SECURITIES INC. and SUMITOMO MITSUI BANKING CORPORATION,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">as Co-Documentation Agents</P>

<P STYLE="border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">JPMORGAN CHASE BANK, N.A. and BOFA SECURITIES,&nbsp;INC.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">as Bookrunners and Lead Arrangers</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Table of Contents</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Page</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&nbsp;I Definitions</FONT></TD>
    <TD STYLE="text-align: right; padding-left: -1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: -1in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; width: 90%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;1.01.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Defined Terms</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;1.02.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Classification of Loans and Borrowings</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">43</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;1.03.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Terms Generally</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">43</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;1.04.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounting Terms; GAAP</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">43</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;1.05.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exchange Rates</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">44</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;1.06.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Divisions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">44</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;1.07.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lenders&rsquo; Status</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">44</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;1.08.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest Rates; Benchmark Notification</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;1.09.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Letter of Credit Amounts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&nbsp;II The Credits</FONT></TD>
    <TD STYLE="text-align: right; padding-left: -1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: -1in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.01.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commitments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.02.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loans and Borrowings</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">46</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.03.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Requests for Borrowings</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.04.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Letters of Credit</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.05.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Funding of Borrowings</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">56</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.06.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest Elections</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">57</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.07.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Termination and Reduction of Commitments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">60</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.08.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Repayment&nbsp;of Loans; Evidence of Debt</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">60</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.09.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayment of Loans</FONT></TD>
    <TD STYLE="text-align: right">61</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.10.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fees</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">62</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.11.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">63</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.12.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alternate Rate of Interest</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">64</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.13.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increased Costs</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">68</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.14.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Break Funding Payments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">70</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.15.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taxes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">70</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.16.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payments Generally; Pro Rata Treatment; Sharing of Set-offs</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">74</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.17.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mitigation Obligations; Replacement of Lenders</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">76</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.18.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Change in Law</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">77</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.19.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Defaulting Lenders</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">78</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;2.20.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Extension of Maturity Date</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">80</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -1.625in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&nbsp;III Representations and Warranties</FONT></TD>
    <TD STYLE="text-align: right; padding-left: -2.125in">82</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -1.625in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: -2.125in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.01.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Organization; Powers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.02.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Authorization; Enforceability</FONT></TD>
    <TD STYLE="text-align: right">82</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.03.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Governmental Approvals; No Conflicts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.04.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial Condition; No Material Adverse Change</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.05.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Properties</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">83</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.06.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Litigation and Environmental Matters</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">83</FONT></TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; width: 90%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.07.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with Laws and Agreements</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">83</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.08.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investment Company Status</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">84</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.09.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taxes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">84</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.10.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ERISA</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">84</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.11.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Disclosure</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">84</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.12.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsidiary Guarantors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">85</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.13.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anti-Corruption Laws and Sanctions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">85</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.14.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EEA Financial Institutions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">85</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.15.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Plan Assets; Prohibited Transactions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">85</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.16.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Margin Regulations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">85</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.17.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with Swiss Non-Bank Rules</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">86</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;3.18.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">COMI</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">86</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -2.625in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&nbsp;IV Conditions</FONT></TD>
    <TD STYLE="text-align: right; padding-left: -3.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">86</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -2.625in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: -3.125in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;4.01.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective Date</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">86</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;4.02.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each Credit Event</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">88</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;4.03.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additional Condition to Initial Borrowing by Subsidiary Borrowers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">88</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -2.625in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&nbsp;V Affirmative Covenants</FONT></TD>
    <TD STYLE="text-align: right; padding-left: -3.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">88</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -2.625in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: -3.125in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;5.01.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial Statements; Ratings Change and Other Information</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">88</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;5.02.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notices of Material Events</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;5.03.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existence; Conduct of Business</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;5.04.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payment of Obligations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;5.05.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maintenance of Properties; Insurance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;5.06.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Books and Records; Inspection Rights</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;5.07.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with Laws</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;5.08.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with Swiss Non-Bank Rules</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;5.09.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Use of Proceeds and Letters of Credit</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;5.10.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Guarantee Agreement Supplement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">93</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -2.625in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&nbsp;VI Negative Covenants</FONT></TD>
    <TD STYLE="text-align: right; padding-left: -3.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">93</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -2.625in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: -3.125in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;6.01.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indebtedness</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">93</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;6.02.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liens</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">94</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;6.03.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sale of Assets</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">95</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;6.04.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fundamental Changes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">96</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;6.05.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investments, Loans, Advances, Guarantees and Acquisitions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">96</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;6.06.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transactions with Affiliates</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">97</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;6.07.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial Covenant</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">97</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;6.08.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anti-Corruption Laws and Sanctions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">98</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&nbsp;VII Events of Default</FONT></TD>
    <TD STYLE="text-align: right; padding-left: -0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">98</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.25in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: -0.75in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&nbsp;VIII The Administrative Agent</FONT></TD>
    <TD STYLE="text-align: right; padding-left: -0.75in">101</TD></TR>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.25in; width: 90%">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: -0.75in; width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&nbsp;IX Guarantee</FONT></TD>
    <TD STYLE="text-align: right; padding-left: -0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">106</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.25in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: -0.75in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;9.01.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Guarantee</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">106</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;9.02.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Subrogation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;9.03.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amendments,&nbsp;etc. with respect to the Subsidiary Obligations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;9.04.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Guarantee Absolute and Unconditional</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">108</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;9.05.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reinstatement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">108</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;9.06.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">108</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;9.07.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Keepwell</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">109</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE&nbsp;X Miscellaneous</FONT></TD>
    <TD STYLE="text-align: right; padding-left: -0.875in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">109</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: -0.375in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: -0.875in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.01.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notices</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">109</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.02.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Waivers; Amendments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">111</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.03.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expenses; Limitation of Liability; Indemnity; Damage Waiver</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">112</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.04.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Successors and Assigns</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">114</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.05.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Survival</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">118</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.06.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Counterparts; Integration; Effectiveness</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">118</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.07.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Severability</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">120</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.08.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Right of Setoff</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">120</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.09.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Governing Law; Jurisdiction; Consent to Service of Process</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">120</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.10.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WAIVER OF JURY TRIAL</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">121</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.11.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Headings</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">121</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.12.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Confidentiality</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">122</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.13.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Satisfaction in Applicable Currency</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">122</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.14.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acknowledgement and Consent to Bail-In of Affected Financial Institutions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">123</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.15.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Material Non-Public Information</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">123</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.16.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest Rate Limitation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">124</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.17.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Fiduciary Duty,&nbsp;etc.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">124</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.18.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">USA PATRIOT Act</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">125</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.19.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acknowledgement Regarding Any Supported QFCs</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">125</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.20.&#8239;&#8239; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existing Credit Agreement.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">126</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%">SCHEDULES:</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>Schedule 2.01 -- Commitments and Letter of Credit Commitments</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>Schedule 2.04 -- Existing Letters of Credit</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>Schedule 3.12 -- Subsidiary Guarantors</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>Schedule 6.01 -- Existing Indebtedness</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>Schedule 6.02 -- Existing Liens</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>Schedule 6.05 -- Existing Investments</TD>
    </TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%">EXHIBITS:</TD>
    <TD STYLE="text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 88%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Exhibit&nbsp;A</TD>
    <TD STYLE="text-align: center">--</TD>
    <TD>Form&nbsp;of Assignment and Assumption</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Exhibit&nbsp;B</TD>
    <TD STYLE="text-align: center">--</TD>
    <TD>Form&nbsp;of Opinion of Loan Parties&rsquo; Counsel</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Exhibit&nbsp;C</TD>
    <TD STYLE="text-align: center">--</TD>
    <TD STYLE="text-align: left">Form&nbsp;of Guarantee Agreement</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Exhibit&nbsp;D-1</TD>
    <TD STYLE="text-align: center">--</TD>
    <TD>Form&nbsp;of New Lender Supplement</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Exhibit&nbsp;D-2</TD>
    <TD STYLE="text-align: center">--</TD>
    <TD>Form&nbsp;of Commitment Increase Supplement</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Exhibit&nbsp;E-1</TD>
    <TD STYLE="text-align: center">--</TD>
    <TD>Form&nbsp;of U.S. Tax Compliance Certificate for Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Exhibit&nbsp;E-2</TD>
    <TD STYLE="text-align: center">--</TD>
    <TD>Form&nbsp;of U.S. Tax Compliance Certificate for Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Exhibit&nbsp;E-3</TD>
    <TD STYLE="text-align: center">--</TD>
    <TD>Form&nbsp;of U.S. Tax Compliance Certificate for Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Exhibit&nbsp;E-4</TD>
    <TD STYLE="text-align: center">--</TD>
    <TD>Form&nbsp;of U.S. Tax Compliance Certificate for Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">CREDIT AGREEMENT, dated as
of June&nbsp;30, 2023 (this &ldquo;<U>Agreement</U>&rdquo;), as amended, among RALPH LAUREN CORPORATION, RL FINANCE B.V., RALPH LAUREN
EUROPE S&Agrave;RL, RALPH LAUREN ASIA PACIFIC LIMITED, the LENDERS party hereto, BANK OF AMERICA, N.A., as Syndication Agent, <FONT STYLE="text-transform: uppercase">HSBC
Bank USA, N.A.,&nbsp;ING Bank N.V., Dublin Branch, Deutsche Bank Securities Inc. </FONT>and <FONT STYLE="text-transform: uppercase">Sumitomo
Mitsui</FONT>, as Co-Documentation Agents, and JPMORGAN CHASE BANK, N.A., as Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The parties hereto hereby agree
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE&nbsp;I</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Definitions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;1.01.&#8239;&#8239;
</FONT><B>Defined Terms</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">As used in this Agreement,
the following terms have the meanings specified below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>ABR</U>&rdquo;, when
used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest
at a rate determined by reference to the Alternate Base Rate. Only Loans denominated in dollars may be ABR Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Additional Commitment
Lender</U>&rdquo; has the meaning assigned to such term in Section&nbsp;2.20(d).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Adjusted Daily Simple
RFR</U>&rdquo; means, with respect to any RFR Borrowing, an interest rate per annum equal to (a)&nbsp;the Daily Simple RFR, <I>plus</I>
(b)&nbsp;0.10%; <I>provided that</I> if the Adjusted Daily Simple RFR 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Adjusted Debt</U>&rdquo;
means, for any date, for the Parent Borrower and its Subsidiaries, all Indebtedness <I>plus</I> all Operating Lease Obligations (in each
case, computed on a consolidated basis) outstanding on such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Adjusted EURIBOR
Rate</U>&rdquo; means, with respect to any Term Benchmark Borrowing denominated in Euros for any Interest Period, an interest rate per
annum equal to (a)&nbsp; the EURIBOR Rate for such Interest Period multiplied by (b)&nbsp;the Statutory Reserve Rate; provided that if
the Adjusted EURIBOR 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Adjusted Term SOFR
Rate</U>&rdquo; means, with respect to any Term Benchmark Borrowing denominated in Dollars for any Interest Period, an interest rate
per annum equal to (a)&nbsp;the Term SOFR Rate for such Interest Period, <I>plus</I> (b)&nbsp;0.10%; <I>provided that</I> if the Adjusted
Term 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Adjusted TIBOR Rate</U>&rdquo;
means, with respect to any Term Benchmark Borrowing denominated in Yen for any Interest Period, an interest rate per annum equal to (a)&nbsp;the
TIBOR Rate for such Interest Period multiplied by (b)&nbsp;the Statutory Reserve Rate; <I>provided that</I> if the Adjusted TIBOR 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Administrative Agent</U>&rdquo;
means JPMorgan in its capacity as administrative agent for the Lenders hereunder, together with any non-U.S. Affiliate of JPMorgan, to
the extent that JPMorgan determines that it is necessary or appropriate to use such non-U.S. Affiliate in acting as administrative agent
hereunder. Any obligations owed by any Borrower to the Administrative Agent hereunder shall be owed solely to JPMorgan, and not to any
Affiliate of JPMorgan, unless such Borrower otherwise agrees in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Administrative Questionnaire</U>&rdquo;
means an Administrative Questionnaire in a form supplied by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Affected Financial
Institution</U>&rdquo; means (a)&nbsp;any EEA Financial Institution or (b)&nbsp;any UK Financial Institution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Affiliate</U>&rdquo;
means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or
is Controlled by or is under common Control with the Person specified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Agreed Currencies</U>&rdquo;
means Dollars and each Alternative Currency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Agreement</U>&rdquo;
has the meaning specified in the introductory paragraph hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Agreement Currency</U>&rdquo;
has the meaning assigned to such term in Section&nbsp;10.13(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Alternate Base Rate</U>&rdquo;
means, for any day, a rate per annum equal to the greatest of (a)&nbsp;the Prime Rate in effect on such day, (b)&nbsp;the NYFRB Rate
in effect on such day plus &frac12; of 1% and (c)&nbsp;the Adjusted Term SOFR Rate for a one month Interest Period as published two U.S.
Government Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately
preceding U.S. Government Securities Business Day) plus 1%; provided that for the purpose of this definition, the Adjusted Term SOFR
Rate for any day shall be based on the Term SOFR Reference Rate at approximately 5:00 a.m.&nbsp;Chicago time on such day (or any amended
publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology).
Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted Term SOFR Rate shall be effective
from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted Term SOFR Rate, respectively.
If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section&nbsp;2.12 (for the avoidance of doubt,
only until the Benchmark Replacement has been determined pursuant to Section&nbsp;2.12(b)), then the Alternate Base Rate shall be the
greater of clauses (a)&nbsp;and (b)&nbsp;above and shall be determined without reference to clause (c)&nbsp;above. For the avoidance
of doubt, if the Alternate Base Rate as determined pursuant to the foregoing would be less than 1.00%, such rate shall be deemed to be
1.00% for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Alternative Currency</U>&rdquo;
means (a)&nbsp;Euros, Hong Kong Dollars and Yen and (b)&nbsp;any other currency (other than dollars) that is freely available, freely
transferable and freely convertible into dollars, <I>provided</I> that such currency is reasonably acceptable to the Administrative Agent,
the Lenders and, in the case of an Alternative Currency Letter of Credit, the applicable Issuing Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Alternative Currency
LC Exposure</U>&rdquo; means, at any time, the sum of (a)&nbsp;the Dollar Equivalent, calculated in accordance with Section&nbsp;1.05,
of the aggregate undrawn and unexpired amount of all outstanding Alternative Currency Letters of Credit at such time plus (b)&nbsp;the
Dollar Equivalent, calculated in each case using the Exchange Rate at the time the applicable LC Disbursement is made, of the aggregate
principal amount of all LC Disbursements in respect of Alternative Currency Letters of Credit that have not yet been reimbursed at such
time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Alternative Currency
Letter of Credit</U>&rdquo; means a Letter of Credit denominated in an Alternative Currency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Ancillary Document</U>&rdquo;
has the meaning assigned to such term in Section&nbsp;10.06(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Anti-Corruption Laws</U>&rdquo;
means all laws, rules, and regulations of any jurisdiction applicable to the Parent Borrower or any of its Affiliates from time to time
concerning or relating to bribery or corruption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Applicable Percentage</U>&rdquo;
means, with respect to any Lender, the percentage of the total Commitments represented by such Lender&rsquo;s Commitment; <U>provided
</U>that for purposes of Section&nbsp;2.19 &ldquo;Applicable Percentage&rdquo; shall mean the percentage of the total Commitment (disregarding
any Defaulting Lender&rsquo;s Commitment) represented by each Lender&rsquo;s Commitment. If the Commitments have terminated or expired,
 &ldquo;Applicable Percentage&rdquo; shall mean, with respect to any Lender, the percentage of the aggregate principal amount of the Revolving
Credit Exposure represented by the aggregate outstanding principal amount of such Lender&rsquo;s Revolving Credit Exposure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Applicable Rate</U>&rdquo;
means, for any day, with respect to any Term Benchmark Loan, RFR Loan, ABR Loan, or with respect to the commitment fees payable hereunder,
or with respect to the Applicable Commercial Letter of Credit Rate, or with respect to the Applicable Standby Letter of Credit Rate,
as the case may be, the applicable rate per annum set forth below (expressed in basis points) under the caption &ldquo;Term Benchmark
Spread&rdquo;, &ldquo;RFR Spread&rdquo;, &ldquo;ABR Spread&rdquo; or &ldquo;Commitment Fee Rate&rdquo; or &ldquo;Applicable Commercial
Letter of Credit Rate&rdquo; or &ldquo;Applicable Standby Letter of Credit Rate&rdquo;, as the case may be, based upon the ratings by
Moody&rsquo;s and S&amp;P, respectively, applicable on such date to the Index Debt:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding: 2pt 6pt; border: black 1pt solid; width: 9%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Level</U></FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 24%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Index
    Debt Ratings</U></FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Term<BR>

    Benchmark <BR>
and RFR<BR>
 Spread</U></FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center; vertical-align: middle; width: 12%"><P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
    <P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><U>ABR<BR>
 Spread</U></P></TD>
    <TD STYLE="padding: 2pt 6pt; text-align: center; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Commitment<BR>
Fee
Rate</U></P></TD>
    <TD STYLE="padding: 2pt 6pt; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 15%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Applicable
    <BR>
Standby Letter<BR>
 of Credit Rate</U></FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Applicable<BR>

    Commercial<BR>
 Letter of <BR>
Credit Rate</U></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level
    I</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ge;
    AA- by S&amp;P or Aa3 by Moody&rsquo;s</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25.00</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level
    II</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A+
    by S&amp;P or A1 by Moody&rsquo;s and not Level I</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">62.50</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">62.50</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">62.50</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">31.25</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level
    III</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
    by S&amp;P or A2 by Moody&rsquo;s and not Level I or II</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">75.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">75.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.50</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">75.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">37.50</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level
    IV</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A-
    by S&amp;P or A3 by Moody&rsquo;s and not Level I,&nbsp;II or III</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">87.50</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">87.50</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">87.50</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">43.75</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level
    V</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&lt;
    A- by S&amp;P or A3 by Moody&rsquo;s</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">100.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">100.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">100.00</FONT></TD>
    <TD STYLE="padding: 2pt 6pt; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50.00</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">For purposes of the foregoing,
(i)&nbsp;if both Moody&rsquo;s and S&amp;P shall not have in effect a rating for the Index Debt (other than by reason of the circumstances
referred to in the next-to-last sentence of this definition), then such rating agency shall be deemed to have established a rating for
the Index Debt in Level V; (ii)&nbsp;if the ratings established or deemed to have been established by Moody&rsquo;s and S&amp;P for the
Index Debt shall fall within different Levels, the Applicable Rate shall be based on the higher of the two ratings unless one of the
two ratings is two or more Levels lower than the other, in which case the Applicable Rate shall be determined by reference to the Level
next below that of the higher of the two ratings; and (iii)&nbsp;if the ratings established or deemed to have been established by Moody&rsquo;s
and S&amp;P for the Index Debt shall be changed (other than as a result of a change in the rating system of Moody&rsquo;s or S&amp;P),
such change shall become effective three (3)&nbsp;Business Days following the date on which it is first announced by the applicable rating
agency, irrespective of when notice of such change shall have been furnished by the Parent Borrower to the Administrative Agent and the
Lenders pursuant to Section&nbsp;5.01 (or, if prior to the date of the delivery of the first financial statements to be delivered pursuant
to Section&nbsp;5.01, the most recent financial statements referred to in Section&nbsp;3.04(a)) or otherwise. Each change in the Applicable
Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective
date of the next such change. If the rating system of Moody&rsquo;s or S&amp;P shall change, or if both such rating agencies shall cease
to be in the business of rating corporate debt obligations, the Parent Borrower and the Lenders shall negotiate in good faith to amend
this definition to reflect such changed rating system or the unavailability of ratings from such rating agencies, and, pending the effectiveness
of any such amendment, the Applicable Rate shall be determined by reference to the rating most recently in effect prior to such change
or cessation. If either (but not both) of Moody&rsquo;s and S&amp;P shall cease to have in effect a rating (whether as a result of such
agency ceasing to be in the business of rating corporate debt obligations or otherwise), the Applicable Rate shall be determined by reference
to the rating of the other rating agency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Approved Fund</U>&rdquo;
has the meaning assigned to such term in Section&nbsp;10.04.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Assignment and Assumption</U>&rdquo;
means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required
by Section&nbsp;10.04), and accepted by the Administrative Agent, in the form of Exhibit&nbsp;A or any other form (including electronic
records generated by the use of an electronic platform) approved by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Availability Period</U>&rdquo;
means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination
of the Commitments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Available Commitment</U>&rdquo;
means, as to any Lender at any date of determination, an amount in dollars equal to the excess, if any, of (a)&nbsp;the amount of such
Lender&rsquo;s Commitment in effect on such date <U>over</U> (b)&nbsp;the Revolving Credit Exposure of such Lender on such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Available Tenor</U>&rdquo;
means, as of any date of determination and with respect to the then-current Benchmark for any Agreed Currency, 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 &ldquo;Interest Period&rdquo; pursuant to clause (e)&nbsp;of
Section&nbsp;2.12.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Bail-In Action</U>&rdquo;
means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected
Financial Institution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Bail-In Legislation</U>&rdquo;
means, (a)&nbsp;with respect to any EEA Member Country implementing Article&nbsp;55 of Directive 2014/59/EU of the European Parliament
and of the Council of the European Union, the implementing law, regulation, rule&nbsp;or requirement for such EEA Member Country from
time to time which is described in the EU Bail-In Legislation Schedule and (b)&nbsp;with respect to the United Kingdom, Part&nbsp;I of
the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule&nbsp;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).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Bankruptcy Event</U>&rdquo;
means, with respect to any Person, such Person becomes the subject of a voluntary or involuntary bankruptcy or insolvency proceeding,
or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged
with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent,
has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment
or has had any order for relief in such proceeding entered in respect thereof, <I>provided</I> that a Bankruptcy Event shall not result
solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority
or instrumentality thereof, <I>provided</I>, <I>further</I>, that such ownership interest does not result in or provide such Person with
immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its
assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts
or agreements made by such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Benchmark</U>&rdquo;
means, initially, with respect to any (i)&nbsp;RFR Loan in any Agreed Currency, the applicable Relevant Rate for such Agreed Currency
or (ii)&nbsp;Term Benchmark Loan, the Relevant Rate for such Agreed Currency; <I>provided</I> that if a Benchmark Transition Event, and
the related Benchmark Replacement Date have occurred with respect to the applicable Relevant Rate or the then-current Benchmark for such
Agreed Currency, then &ldquo;Benchmark&rdquo; means the applicable Benchmark Replacement to the extent that such Benchmark Replacement
has replaced such prior benchmark rate pursuant to clause (b)&nbsp;of Section&nbsp;2.12.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Benchmark Replacement</U>&rdquo;
means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent
for the applicable Benchmark Replacement Date; provided that, in the case of any Loan denominated in an Alternative Currency, &ldquo;Benchmark
Replacement&rdquo; shall mean the alternative set forth in (2)&nbsp;below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">in
the case of any Loan denominated in Dollars, the sum of: (a)&nbsp;Daily Simple SOFR and (b)&nbsp;0.10%;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
sum of: (a)&nbsp;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)&nbsp;any selection or recommendation
of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii)&nbsp;any evolving
or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for syndicated
credit facilities denominated in the applicable Agreed Currency at such time in the United States and (b)&nbsp;the related Benchmark
Replacement Adjustment;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">If the Benchmark Replacement
as determined pursuant to clause (1)&nbsp;or (2)&nbsp;above would be less than the Floor, the Benchmark Replacement will be deemed to
be the Floor for the purposes of this Agreement and the other Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>Benchmark
Replacement Adjustment</U>&rdquo; means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement
for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement, 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)&nbsp;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)&nbsp;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
syndicated credit facilities denominated in the applicable Agreed Currency at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>Benchmark
Replacement Conforming Changes</U>&rdquo; means, with respect to any Benchmark Replacement and/or any Term Benchmark Revolving Loan denominated
in Dollars, any technical, administrative or operational changes (including changes to the definition of &ldquo;Alternate Base Rate,&rdquo;
the definition of &ldquo;Business Day,&rdquo; the definition of &ldquo;U.S. Government Securities Business Day,&rdquo; the definition
of &ldquo;RFR Business Day,&rdquo; the definition of &ldquo;Interest Period,&rdquo; timing and frequency of determining rates and making
payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the
applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent decides
may be appropriate to reflect the adoption and implementation of such Benchmark and to permit the administration thereof by the Administrative
Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion
of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration
of such Benchmark exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection
with the administration of this Agreement and the other Loan Documents).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>Benchmark
Replacement Date</U>&rdquo; means, with respect to any Benchmark, the earliest to occur of the following events with respect to such
then-current Benchmark:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">in
the case of clause (1)&nbsp;or (2)&nbsp;of the definition of &ldquo;Benchmark Transition Event,&rdquo; the later of (a)&nbsp;the date
of the public statement or publication of information referenced therein and (b)&nbsp;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</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">in
the case of clause (3)&nbsp;of the definition of &ldquo;Benchmark Transition Event,&rdquo; the first date on which such Benchmark (or
the published component used in the calculation thereof) has been or, if such Benchmark is a term rate, all Available Tenors of such
Benchmark (or component thereof) have 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)&nbsp;and even if such Benchmark (or component thereof) or,
if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such
date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">For the avoidance of doubt,
(i)&nbsp;if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in
respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination
and (ii)&nbsp;the &ldquo;Benchmark Replacement Date&rdquo; will be deemed to have occurred in the case of clause (1)&nbsp;or (2)&nbsp;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).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>Benchmark
Transition Event</U>&rdquo; means, with respect to any Benchmark, the occurrence of one or more of the following events with respect
to such then-current Benchmark:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(1)&nbsp;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 such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of
such Benchmark (or such component thereof);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2)&nbsp;a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof), the Federal Reserve Board, the NYFRB, the CME Term SOFR Administrator, the central bank for
the Agreed Currency applicable to such Benchmark, 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 such Benchmark (or such
component thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) permanently
or indefinitely; </FONT><I>provided</I> that, at the time of such statement or publication, there is no successor administrator that
will continue to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such
Benchmark (or such component thereof); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(3)&nbsp;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 such Benchmark (or such component thereof) or, if such Benchmark is a term rate, 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">For the avoidance of doubt,
a &ldquo;Benchmark Transition Event&rdquo; 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).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>Benchmark
Unavailability Period&rdquo;</U> means, with respect to any Benchmark, the period (if any) (x)&nbsp;beginning at the time that a Benchmark
Replacement Date pursuant to clauses (1)&nbsp;or (2)&nbsp;of that definition has occurred if, at such time, no Benchmark Replacement
has replaced such then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section&nbsp;2.12
and (y)&nbsp;ending at the time that a Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and
under any Loan Document in accordance with Section&nbsp;2.12.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Beneficial Ownership
Certification</U>&rdquo; means a certification regarding beneficial ownership or control as required by the Beneficial Ownership Regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Beneficial Ownership
Regulation</U>&rdquo; means 31 C.F.R. &sect; 1010.230.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Benefit Plan</U>&rdquo;
means any of (a)&nbsp;an &ldquo;employee benefit plan&rdquo; (as defined in ERISA) that is subject to Title I of ERISA, (b)&nbsp;a &ldquo;plan&rdquo;
as defined in and subject to Section&nbsp;4975 of the Code, or (c)&nbsp;any Person whose assets include (for purposes of ERISA Section&nbsp;3(42)
or otherwise for purposes of Title I of ERISA or Section&nbsp;4975 of the Code) the assets of any such &ldquo;employee benefit plan&rdquo;
or &ldquo;plan&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>BHC Act Affiliate</U>&rdquo;
of a party means an &ldquo;affiliate&rdquo; (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of
such party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Blocking Regulation</U>&rdquo;
has the meaning assigned to such term in Section&nbsp;3.13.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Borrower</U>&rdquo;
means, as applicable, the Parent Borrower or the applicable Subsidiary Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Borrower Qualified
Keepwell Provider</U>&rdquo; means any Qualified Keepwell Provider that is a Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Borrowing</U>&rdquo;
means Loans of the same Type made, converted or continued on the same date and, in the case of Term Benchmark Loans, as to which a single
Interest Period is in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Borrowing Request</U>&rdquo;
means a request by the Parent Borrower for a Borrowing in accordance with Section&nbsp;2.03.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Business Day</U>&rdquo;
means, any day (other than a Saturday or a Sunday) on which banks are open for business in New York City and Chicago; provided, in addition
to the foregoing, a Business Day shall be (a)&nbsp;in relation to Loans denominated in Yen and in relation to the calculation or computation
of TIBOR or the Japanese Prime Rate, any day (other than a Saturday or a Sunday) on which banks are open for business in Japan, (b)&nbsp;in
relation to Loans denominated in Euros and in relation to the calculation or computation of EURIBOR, any day which is a TARGET Day, (c)&nbsp;in
relation to Loans denominated in Hong Kong Dollars, any day (other than a Saturday or Sunday) on which banks are open for business in
Hong Kong, (d)&nbsp;in relation to RFR Loans and any interest rate settings, fundings, disbursements, settlements or payments of any
such RFR Loan, or any other dealings in the applicable Agreed Currency of such RFR Loan, any such day that is an RFR Business Day and
(e)&nbsp;in relation to Loans referencing the Adjusted Term SOFR Rate and any interest rate settings, fundings, disbursements, settlements
or payments of any such Loans referencing the Adjusted Term SOFR Rate or any other dealings of such Loans referencing the Adjusted Term
SOFR Rate, any such day that is a U.S. Government Securities Business Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>CBR Loan</U>&rdquo;
means a Loan that bears interest at a rate determined by reference to the Central Bank Rate or the Japanese Prime Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>CBR Spread</U>&rdquo;
means the Applicable Rate, applicable to such Loan that is replaced by a CBR Loan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Central Bank Rate</U>&rdquo;
means, the greater of (I)(A)(i)&nbsp;for any Loan denominated in (a)&nbsp;Euro, one of the following three rates as may be selected by
the Administrative Agent in its reasonable discretion: (1)&nbsp;the fixed rate for the main refinancing operations of the European Central
Bank (or any successor thereto), or, if that rate is not published, the minimum bid rate for the main refinancing operations of the European
Central Bank (or any successor thereto), each as published by the European Central Bank (or any successor thereto) from time to time,
(2)&nbsp;the rate for the marginal lending facility of the European Central Bank (or any successor thereto), as published by the European
Central Bank (or any successor thereto) from time to time or (3)&nbsp;the rate for the deposit facility of the central banking system
of the Participating Member States, as published by the European Central Bank (or any successor thereto) from time to time and (b)&nbsp;any
other Alternative Currency determined after the Effective Date, a central bank rate as determined by the Administrative Agent in its
reasonable discretion; plus (B)&nbsp;the applicable Central Bank Rate Adjustment and (II)&nbsp;the Floor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Central Bank Rate
Adjustment</U>&rdquo; means, for any day, for any Loan denominated in (a)&nbsp;Euro, a rate equal to the difference (which may be a positive
or negative value or zero) of (i)&nbsp;the average of the Adjusted EURIBOR Rate for the five most recent Business Days preceding such
day for which the EURIBOR Screen Rate was available (excluding, from such averaging, the highest and the lowest Adjusted EURIBOR Rate
applicable during such period of five Business Days) minus (ii)&nbsp;the Central Bank Rate in respect of Euro in effect on the last Business
Day in such period and (b)&nbsp;any other Alternative Currency determined after the Effective Date, a Central Bank Rate Adjustment as
determined by the Administrative Agent in its reasonable discretion. For purposes of this definition, (x)&nbsp;the term Central Bank
Rate shall be determined disregarding clause (B)&nbsp;of the definition of such term and (y)&nbsp;the EURIBOR Rate on any day shall be
based on the EURIBOR Screen Rate, on such day at approximately the time referred to in the definition of such term for deposits in the
applicable Agreed Currency for a maturity of one month.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&ldquo;<U>Change in Control</U>&rdquo;
means the occurrence of any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&nbsp;the sale, lease, transfer,
conveyance or other disposition, in one or a series of related transactions, of all or substantially all of the assets of the Parent
Borrower to any &ldquo;person&rdquo; or &ldquo;group&rdquo; (as such terms are used in Sections 13(d)(3)&nbsp;and 14(d)(2)&nbsp;of the
Securities Exchange Act of 1934 (&ldquo;<U>Act</U>&rdquo;)) other than Permitted Holders (as defined below);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(ii)&nbsp;any person or group
is or becomes the &ldquo;beneficial owner&rdquo; (as defined in Rules&nbsp;13d-3 and 13d-5 under the Act, except that a person shall
be deemed to have &ldquo;beneficial ownership&rdquo; of all shares that any such person has the right to acquire, whether such right
is exercisable immediately or only after the passage of time), directly or indirectly, of more than 50 percent of the total voting power
of the issued and outstanding Voting Stock of the Parent Borrower, including by way of merger, consolidation or otherwise; <U>provided</U>,
<U>however</U>, that for purposes of this Agreement, the following acquisitions shall not constitute a Change in Control: (I)&nbsp;any
acquisition by the Parent Borrower or (II)&nbsp;any acquisition by one or more of the Permitted Holders; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(iii)&nbsp;during any period
of 12 consecutive months, Present Directors and/or New Directors (as such terms are defined below) cease for any reason to constitute
a majority of the Parent Borrower&rsquo;s board of directors; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(iv)&nbsp;the Parent Borrower
ceases to beneficially own, directly or indirectly, and control, directly or indirectly, 100% of the issued and outstanding Equity Interests
of any Subsidiary Borrower (including, without limitation, by means of any third party claiming a better right in the Equity Interests
of a Swiss Borrower before a court in Switzerland).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The following terms have the
meanings indicated: &ldquo;<U>Permitted Holders</U>&rdquo; shall mean, as of the date of determination: (A)&nbsp;any and all of Ralph
Lauren (an individual), his spouse, his siblings and their spouses, and descendants of them (whether natural or adopted) (collectively,
the &ldquo;<U>Lauren Group</U>&rdquo;); and (B)&nbsp;any trust established and maintained primarily for the benefit of any member of
the Lauren Group and any entity controlled by any member of the Lauren Group. &ldquo;<U>Present Directors</U>&rdquo; shall mean individuals
who on the Effective Date are members of the Parent Borrower&rsquo;s board of directors. &ldquo;<U>New Directors</U>&rdquo; shall mean
any directors of the board of directors of the Parent Borrower whose election as of or following the Effective Date by the Parent Borrower&rsquo;s
board of directors or whose nomination for election by the shareholders of the Parent Borrower was approved by a vote of a majority of
the directors of the board of directors of the Parent Borrower who, at the time of such vote, were either Present Directors or New Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Change in Law</U>&rdquo;
means (a)&nbsp;the adoption of any law, rule, treaty or regulation after the date of this Agreement, (b)&nbsp;any change after the date
of this Agreement in any law, rule, treaty or regulation or in the interpretation or application thereof by any Governmental Authority
or (c)&nbsp;compliance by any Lender or any Issuing Bank (or, for purposes of Section&nbsp;2.13(b), by any office of such Lender from
or at which Loans and/or Letters of Credit are made or issued, or are booked, as the case may be, in accordance with the terms of this
Agreement) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued
after the date of this Agreement; <U>provided</U>, <U>however</U>, for purposes of this Agreement, (x)&nbsp;the Dodd-Frank Wall Street
Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or in connection therewith or in implementation
thereof and (y)&nbsp;all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee
on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant
to Basel III, shall in each case in clauses (x)&nbsp;and (y)&nbsp;be deemed to be a &ldquo;Change in Law,&rdquo; regardless of the date
enacted, adopted or issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Charges</U>&rdquo;
has the meaning set forth in Section&nbsp;10.16.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>CME Term SOFR Administrator</U>&rdquo;
means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR)
(or a successor administrator).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Co-Documentation
Agents</U>&rdquo; means HSBC Bank USA, N.A.,&nbsp;ING Bank N.V., Dublin Branch, Deutsche Bank Securities Inc. and Sumitomo Mitsui Banking
Corporation, each in its capacity as co-documentation agent and its successors in such capacity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Code</U>&rdquo; means
the Internal Revenue Code of 1986, as amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Commercial Letter
of Credit</U>&rdquo; means a commercial documentary letter of credit issued by an Issuing Bank for the account of the Parent Borrower
or jointly and severally for the account of the Parent Borrower and any of its Subsidiaries for the purchase of goods in the ordinary
course of business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Commercial Letter
of Credit Fee</U>&rdquo; has the meaning assigned to such term in Section&nbsp;2.04(f)(i).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Commitment</U>&rdquo;
means, with respect to each Lender, the commitment of such Lender to make Loans and to acquire participations in Letters of Credit hereunder,
expressed as an amount representing the maximum aggregate amount of such Lender&rsquo;s Revolving Credit Exposure hereunder, as such
commitment may be (a)&nbsp;reduced from time to time pursuant to Section&nbsp;2.07, (b)&nbsp;reduced or increased from time to time pursuant
to assignments by or to such Lender pursuant to Section&nbsp;10.04 or (c)&nbsp;increased from time to time pursuant to Section&nbsp;2.01(b).
The initial amount of each Lender&rsquo;s Commitment is set forth on Schedule 2.01, in the New Lender Supplement pursuant to which such
Lender shall become a party hereto or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment,
as applicable. The initial aggregate amount of the Lenders&rsquo; Commitments is $750,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Commitment Increase
Supplement</U>&rdquo; means a supplement to this Agreement substantially in the form of Exhibit&nbsp;D-2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Commodity Exchange
Act</U>&rdquo; means the Commodity Exchange Act (7 U.S.C. &sect; 1 et seq.), as amended from time to time, and any successor statute.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Connection Income
Taxes</U>&rdquo; means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise
Taxes or branch profits Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Consolidated EBITDAR</U>&rdquo;
means, for any period, Consolidated Net Income for such period plus, without duplication and to the extent reflected as a charge in the
statement of such Consolidated Net Income for such period, the sum of (a)&nbsp;income tax expense, (b)&nbsp;interest expense, amortization
or writeoff of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness
(including the Loans), (c)&nbsp;depreciation and amortization expense, (d)&nbsp;amortization of intangibles (including, but not limited
to, goodwill) and organization costs, (e)&nbsp;any extraordinary or non-recurring non-cash expenses or losses (including any noncash
impairment of assets, and, whether or not otherwise includable as a separate item in the statement of such Consolidated Net Income for
such period, non-cash losses on sales of assets outside of the ordinary course of business and including non-cash charges arising from
the application of Statement of Financial Accounting Standards No.&nbsp;142 (or the corresponding Accounting Standards Codification Topic,
as applicable)), (f)&nbsp;Consolidated Lease Expense, (g)&nbsp;charges incurred during such period in connection with restructuring or
reorganization changes, including without limitation post-closing restructuring, reorganization and/or integration charges or costs,
and (h)&nbsp;non-recurring fees and expenses relating to Permitted Acquisitions or other acquisitions of property or a series of related
acquisitions of property, <I>provided</I> that for purposes of clause (g)&nbsp;and this clause (h)&nbsp;the aggregate amount of such
charges, fees and expenses shall not exceed in any rolling four quarter period an amount equal to 20% of Consolidated EBITDAR for such
period (determined prior to giving effect to the addback in this clause (h)) and <U>minus</U>, (x)&nbsp;to the extent included in the
statement of such Consolidated Net Income for such period, the sum of (i)&nbsp;interest income, (ii)&nbsp;any extraordinary or non-recurring
non-cash income or gains (including, whether or not otherwise includable as a separate item in the statement of such Consolidated Net
Income for such period, gains on the sales of assets outside of the ordinary course of business) and (iii)&nbsp;income tax credits (to
the extent not netted from income tax expense) and (y)&nbsp;any cash payments made during such period in respect of items described in
clause (e)&nbsp;above subsequent to the fiscal quarter in which the relevant non-cash expenses or losses were reflected as a charge in
the statement of Consolidated Net Income, all as determined on a consolidated basis in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">For the purposes of calculating
Consolidated EBITDAR for any period of four consecutive fiscal quarters (each, a &ldquo;<U>Reference Period</U>&rdquo;) pursuant to any
determination of the Consolidated Leverage Ratio, (i)&nbsp;if at any time during such Reference Period the Parent Borrower or any Subsidiary
shall have made any Material Disposition, the Consolidated EBITDAR for such Reference Period shall be reduced by an amount equal to the
Consolidated EBITDAR (if positive) attributable to the property that is the subject of such Material Disposition for such Reference Period
or increased by an amount equal to the Consolidated EBITDAR (if negative) attributable thereto for such Reference Period, and (ii)&nbsp;if
during such Reference Period the Parent Borrower or any Subsidiary shall have made a Material Acquisition, Consolidated EBITDAR for such
Reference Period shall be calculated after giving <U>pro forma</U> effect thereto (taking into account (A)&nbsp;such cost savings as
may be determined by the Parent Borrower in a manner consistent with the evaluation performed by the Parent Borrower in deciding to make
such Material Acquisition, as presented to the Parent Borrower&rsquo;s board of directors, <I>provided</I> that the Parent Borrower may
take into account such cost savings only if it in good faith determines on the date of calculation that it is reasonable to expect that
such cost savings will be implemented within 120 days following the date of such Material Acquisition (or in the case of any calculation
made subsequent to such 120th day, that such cost savings have, in fact, been implemented) and (B)&nbsp;all transactions that are directly
related to such Material Acquisition and are entered into in connection and substantially contemporaneously therewith) as if such Material
Acquisition occurred on the first day of such Reference Period. As used in this definition, &ldquo;<U>Material Acquisition</U>&rdquo;
means any acquisition of property or other assets or series of related acquisitions of property that (a)&nbsp;constitutes (i)&nbsp;assets
comprising all or substantially all of a business or operating unit of a business, (ii)&nbsp;all or substantially all of the common stock
or other Equity Interests of a Person, (iii)&nbsp;in any case where clauses (i)&nbsp;and (ii)&nbsp;above are inapplicable, the rights
of any licensee (including by means of the termination of such licensee&rsquo;s rights under such license) under a trademark license
to such licensee from the Parent Borrower or any of its Affiliates (the &ldquo;<U>Acquired Rights</U>&rdquo;) or (iv)&nbsp;the acquisitions
and licenses of intellectual property by the Parent Borrower and its Subsidiaries, and (b)&nbsp;involves the payment of consideration
by the Parent Borrower and its Subsidiaries in excess of $25,000,000; &ldquo;<U>Material Disposition</U>&rdquo; means any Disposition
of property or series of related Dispositions of property that yields gross proceeds to the Parent Borrower or any of its Subsidiaries
in excess of $25,000,000. In making any calculation pursuant to this paragraph with respect to a Material Acquisition of a Person, business
or rights for which quarterly financial statements are not available, the Parent Borrower shall base such calculation on the financial
statements of such Person, business or rights for the then most recently completed period of 12 consecutive calendar months for which
such financial statements are available and shall deem the contribution of such Person, business or rights to Consolidated EBITDAR for
the period from the beginning of the applicable Reference Period to the date of such Material Acquisition to be equal to the product
of (x)&nbsp;the number of days in such period divided by 365 multiplied by (y)&nbsp;the amount of Consolidated EBITDAR of such Person,
business or rights for the 12-month period referred to above (calculated on the basis set forth in this definition). In making any calculation
pursuant to this paragraph in connection with an acquisition of Acquired Rights to be followed by the granting of a new license of such
Acquired Rights (or any rights derivative therefrom), effect may be given to such grant of such new license (as if it had occurred on
the date of such acquisition) if, and only if, the Parent Borrower in good faith determines on the date of such calculation that it is
reasonable to expect that such grant will be completed within 120 days following the date of such acquisition (or in the case of any
calculation made subsequent to such 120th day, that such grant has, in fact, been completed).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Consolidated Lease
Expense</U>&rdquo; means, for any period, the aggregate &ldquo;operating lease cost&rdquo; (as such amount is determined in accordance
with GAAP) included in the income statement reported in the Parent Borrower&rsquo;s Annual Report on Form&nbsp;10-K filed with the Securities
and Exchange Commission for the year ended April&nbsp;1, 2023 (and for fiscal periods reported thereafter), associated with Operating
Lease Obligations of the Parent Borrower and its Subsidiaries for each Operating Lease outstanding during such period. Such amount does
not incorporate or include any amounts payable under the Finance Leases of the Parent Borrower and its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Consolidated Leverage
Ratio</U>&rdquo; means on the last day of any Fiscal Quarter, the ratio of (a)&nbsp;Adjusted Debt on such day to (b)&nbsp;Consolidated
EBITDAR for the period of four consecutive Fiscal Quarters ending on such day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Consolidated Net
Income</U>&rdquo; means for any period, the consolidated net income (or loss) of the Parent Borrower and its Subsidiaries, determined
on a consolidated basis in accordance with GAAP; <U>provided</U> that there shall be excluded (a)&nbsp;the income (or deficit) of any
Person accrued prior to the date it becomes a Subsidiary of the Parent Borrower or is merged into or consolidated with the Parent Borrower
or any of its Subsidiaries, (b)&nbsp;the income (or deficit) of any Person (other than a Subsidiary of the Parent Borrower) in which
the Parent Borrower or any of its Subsidiaries has an ownership interest, except to the extent that any such income is actually received
by the Parent Borrower or such Subsidiary in the form of dividends or similar distributions and (c)&nbsp;the undistributed earnings of
any Subsidiary of the Parent Borrower to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary
is not at the time permitted by the terms of any contractual obligation (other than under any Loan Document) or Requirement of Law applicable
to such Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Consolidated Net
Worth</U>&rdquo; means as of any date of determination thereof, the excess of (a)&nbsp;the aggregate consolidated net book value of the
assets of the Parent Borrower and its Subsidiaries after all appropriate adjustments in accordance with GAAP (including, without limitation,
reserves for doubtful receivables, obsolescence, depreciation and amortization) over (b)&nbsp;all of the aggregate liabilities of the
Parent Borrower and its Subsidiaries, including all items which, in accordance with GAAP, would be included on the liability side of
the balance sheet (other than Equity Interests, treasury stock, capital surplus and retained earnings), in each case determined on a
consolidated basis (after eliminating all inter-company items) in accordance with GAAP; <U>provided, however</U>, that in calculating
Consolidated Net Worth the effects of the Statement of Financial Accounting Standards No.&nbsp;142 (or the corresponding Accounting Standards
Codification Topic, as applicable) shall be disregarded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Control</U>&rdquo;
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person,
whether through the ability to exercise voting power, by contract or otherwise. &ldquo;<U>Controlling</U>&rdquo; and &ldquo;<U>Controlled</U>&rdquo;
have meanings correlative thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Corresponding Tenor</U>&rdquo;
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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Covered Entity</U>&rdquo;
means any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>a &ldquo;covered entity&rdquo; as that term is defined in, and interpreted
                                            in accordance with, 12 C.F.R. &sect; 252.82(b);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>a &ldquo;covered bank&rdquo; as that term is defined in, and interpreted
                                            in accordance with, 12 C.F.R. &sect; 47.3(b); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD>a &ldquo;covered FSI&rdquo; as that term is defined in, and interpreted
                                            in accordance with, 12 C.F.R. &sect; 382.2(b).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Covered Party</U>&rdquo;
has the meaning set forth in Section&nbsp;10.19.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Credit Party</U>&rdquo;
means the Administrative Agent, the Issuing Bank or any other Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>CRR</U>&rdquo; means
the Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June&nbsp;2013 on prudential requirements for credit
institutions and investment firms and amending Regulation (EU) No 648/2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<U>Daily
Simple RFR</U>&rdquo; means, for any day (an &ldquo;<U>RFR Interest Day</U>&rdquo;), an interest rate per annum equal to, for any RFR
Loan</FONT>, Daily Simple SOFR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<U>Daily
Simple SOFR</U>&rdquo;</FONT> means, for any day (a &ldquo;SOFR Rate Day&rdquo;), a rate per annum equal to SOFR for the day (such day
 &ldquo;SOFR Determination Date&rdquo;) that is five (5)&nbsp;RFR Business Days prior to (i)&nbsp;if such SOFR Rate Day is an RFR Business
Day, such SOFR Rate Day or (ii)&nbsp;if such SOFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such
SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator&rsquo;s Website. Any change
in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without
notice to the Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Default</U>&rdquo;
means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or
waived, become an Event of Default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Default Right</U>&rdquo;
has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. &sect;&sect; 252.81, 47.2 or 382.1,
as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Defaulting Lender</U>&rdquo;
means any Lender that (a)&nbsp;has failed, within two Business Days of the date required to be funded or paid, to (i)&nbsp;fund all or
any portion of its Loans, (ii)&nbsp;fund all or any portion of its participation in a Letter of Credit or (iii)&nbsp;pay over to any
other Credit Party any other amount required to be paid by it hereunder that is not subject to a good faith dispute, unless, in the case
of clause (i)&nbsp;above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender&rsquo;s
good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any)
has not been satisfied, (b)&nbsp;has notified the Parent Borrower or any Credit Party in writing, or has made a public statement to the
effect, that it does not intend or expect to comply with all or any of its funding obligations under this Agreement (unless such writing
or public statement indicates that such position is based on such Lender&rsquo;s good faith determination that a condition precedent
(specifically identified and including the particular default, if any) to funding a Loan under this Agreement cannot be satisfied) or
generally under other agreements in which it commits to extend credit, (c)&nbsp;has failed, within three Business Days after request
by a Credit Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will
comply with its obligations (and is financially able to meet such obligations) to fund prospective Loans and participations in then outstanding
Letters of Credit under this Agreement, <I>provided</I> that such Lender shall cease to be a Defaulting Lender pursuant to this clause
(c)&nbsp;upon such Credit Party&rsquo;s receipt of such certification in form and substance satisfactory to it and the Administrative
Agent, or (d)&nbsp;has become the subject of (A)&nbsp;a Bankruptcy Event or (B)&nbsp;a Bail-In Action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Disposition</U>&rdquo;
means with respect to any property, any sale, lease, sale and leaseback, assignment, conveyance, transfer or other disposition thereof.
The terms &ldquo;<U>Dispose</U>&rdquo; and &ldquo;<U>Disposed of</U>&rdquo; shall have correlative meanings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Dollar Equivalent</U>&rdquo;
means, for any amount, at the time of determination thereof, (a)&nbsp;if such amount is expressed in dollars, such amount and (b)&nbsp;if
such amount is expressed in an Alternative Currency or any other currency, the equivalent of such amount in dollars determined by using
the Exchange Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>dollars</U>&rdquo;
or &ldquo;<U>$</U>&rdquo; refers to lawful money of the United States of America.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Domestic Subsidiary</U>&rdquo;
means any Subsidiary organized under the laws of any jurisdiction within the United States of America.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>EEA Financial Institution</U>&rdquo;
means (a)&nbsp;any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of
an EEA Resolution Authority, (b)&nbsp;any entity established in an EEA Member Country which is a parent of an institution described in
clause (a)&nbsp;of this definition, or (c)&nbsp;any financial institution established in an EEA Member Country which is a subsidiary
of an institution described in clauses (a)&nbsp;or (b)&nbsp;of this definition and is subject to consolidated supervision with its parent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>EEA Member Country</U>&rdquo;
means any of the member states of the European Union,&nbsp;Iceland, Liechtenstein, and Norway.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>EEA Resolution Authority</U>&rdquo;
means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including
any delegee) having responsibility for the resolution of any EEA Financial Institution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Effective Date</U>&rdquo;
means the date on which the conditions specified in Section&nbsp;4.01 are satisfied (or waived in accordance with Section&nbsp;10.02).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Electronic Signature</U>&rdquo;
means an electronic symbol, or process attached to, or associated with, a contract or other record and adopted by a Person with the intent
to sign, authenticate or accept such contract or record.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Electronic System</U>&rdquo;
means any electronic system, including e-mail, e-fax,&nbsp;Intralinks&reg;, ClearPar&reg;, Debt Domain, Syndtrak and any other Internet
or extranet-based site, whether such electronic system is owned, operated or hosted by the Administrative Agent and the Issuing Bank
and any of its respective Related Parties or any other Person, providing for access to data protected by passcodes or other security
system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible Assignee</U>&rdquo;
means any Person that meets the requirements to be an assignee under Section&nbsp;10.04(b)(ii)&nbsp;(subject to such consents, if any,
as may be required under Section&nbsp;10.04(b)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Eligible Contract
Participant</U>&rdquo; means any entity that constitutes an &ldquo;eligible contract participant&rdquo; under the Commodity Exchange
Act or any regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Environmental Laws</U>&rdquo;
means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued,
promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural
resources, or to human health and safety (insofar as such health and safety may be adversely affected by exposure to dangerous or harmful
substances or environmental conditions), as have been, are, or in the future become, in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Environmental Liability</U>&rdquo;
means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties
or indemnities), of the Parent Borrower or any Subsidiary directly or indirectly resulting from or based upon (a)&nbsp;violation of any
Environmental Law, (b)&nbsp;the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials,
(c)&nbsp;exposure to any Hazardous Materials, (d)&nbsp;the release or threatened release of any Hazardous Materials into the environment
or (e)&nbsp;any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Equity Interests</U>&rdquo;
means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a
trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase
or acquire any such equity interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>ERISA</U>&rdquo;
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules&nbsp;and regulations promulgated
thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>ERISA Affiliate</U>&rdquo;
means any trade or business (whether or not incorporated) that, together with any Loan Party, is treated as a single employer under Section&nbsp;4001
of ERISA or Section&nbsp;414(b)&nbsp;or (c)&nbsp;of the Code or, solely for purposes of Section&nbsp;302 of ERISA and Section&nbsp;412
of the Code, is treated as a single employer under Section&nbsp;414 of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>ERISA Event</U>&rdquo;
means (a)&nbsp;any &ldquo;reportable event&rdquo;, as defined in Section&nbsp;4043(c)&nbsp;of ERISA or the regulations issued thereunder
with respect to a Plan (other than an event for which notice is waived by the regulations thereunder); (b)&nbsp;with respect to any Plan
the failure to satisfy the &ldquo;minimum funding standard&rdquo; (as defined in Section&nbsp;412 of the Code or Section&nbsp;302 of
ERISA), whether or not waived; (c)&nbsp;the filing pursuant to Section&nbsp;412(c)&nbsp;of the Code or Section&nbsp;302(c)&nbsp;of ERISA
of an application for a waiver of the minimum funding standard with respect to any Plan; (d)&nbsp;the incurrence by any Loan Party or
any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Plan; (e)&nbsp;the receipt by any
Loan Party or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan
or Plans or to appoint a trustee to administer any Plan under Section&nbsp;4042 of ERISA; (f)&nbsp;the incurrence by any Loan Party or
any ERISA Affiliate of any liability with respect to the withdrawal or partial withdrawal of any Loan Party or any ERISA Affiliate from
any Plan or Multiemployer Plan; or (g)&nbsp;the receipt by any Loan Party or any ERISA Affiliate of any notice, or the receipt by any
Multiemployer Plan from any Loan Party or any ERISA Affiliate of any notice, concerning the imposition upon any Loan Party or any ERISA
Affiliate of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be,&nbsp;Insolvent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>EU Bail-In Legislation
Schedule</U>&rdquo; means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as
in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>EURIBOR Rate</U>&rdquo;
means, with respect to any Term Benchmark Borrowing denominated in Euros and for any Interest Period, the EURIBOR Screen Rate, two TARGET
Days prior to the commencement of such Interest Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>EURIBOR Screen Rate</U>&rdquo;
means the Euro interbank offered rate administered by the European Money Markets Institute (or any other Person which takes over the
administration of that rate) for the relevant period displayed (before any correction, recalculation or republication by the administrator)
on page&nbsp;EURIBOR01 of the Reuters screen (or any replacement Reuters page&nbsp;which displays that rate) or on the appropriate page&nbsp;of
such other information service which publishes that rate from time to time in place of Reuters as published at approximately 11:00 a.m.&nbsp;Brussels
time two TARGET Days prior to the commencement of such Interest Period. If such page&nbsp;or service ceases to be available, the Administrative
Agent may specify another page&nbsp;or service displaying the relevant rate after consultation with the Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Euro</U>&rdquo; means
the single currency of the Participating Member States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Event of Default</U>&rdquo;
has the meaning assigned to such term in Article&nbsp;VII.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Exchange Rate</U>&rdquo;
means, on any day, (a)&nbsp;with respect to any Alternative Currency, the rate determined by the Administrative Agent of exchange for
the purchase of dollars with the Alternative Currency last provided (either by publication or otherwise provided to the Administrative
Agent) by Reuters on the Business Day (New York City time) immediately preceding the date of determination or if such service ceases
to be available or ceases to provide a rate of exchange for the purchase of dollars with the Alternative Currency, as provided by such
other publicly available information service which provides that rate of exchange at such time in place of Reuters chosen by the Administrative
Agent in its reasonable discretion (or if such service ceases to be available or ceases to provide such rate of exchange, the equivalent
of such amount in dollars as determined by the Administrative Agent using any method of determination it deems appropriate in its reasonable
discretion) and (b)&nbsp;with respect to any other currency, the equivalent of such amount in dollars as determined by the Administrative
Agent using any method of determination it deems appropriate in its reasonable discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Exchange Rate Date</U>&rdquo;
means, if on such date any outstanding Loan or Letter of Credit is (or any Loan or Letter of Credit that has been requested at such time
would be) denominated in an Alternative Currency, each of: (a)&nbsp;at least once during each calendar month, (b)&nbsp;if an Event of
Default has occurred and is continuing, any Business Day designated as an Exchange Rate Date by the Administrative Agent in its sole
discretion, and (c)&nbsp;each date (with such date to be reasonably determined by the Administrative Agent) that is on or about the date
of (i)&nbsp;a Borrowing Request or an Interest Election Request or (ii)&nbsp;each request for the issuance, amendment, renewal or extension
of any Letter of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Excluded Swap Obligation</U>&rdquo;
means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, and only for so long as, all or a portion of the
guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, as applicable, such Swap Obligation
(or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures
Trading Commission (or the applicable or official interpretation of any thereof) by virtue of such Guarantor&rsquo;s failure to constitute
an Eligible Contract Participant at the time the guarantee of (or grant of such security interest by, as applicable) such Guarantor becomes
or would become effective with respect 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 guarantee
or security interest is or becomes illegal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Excluded Taxes</U>&rdquo;
means, with respect to the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or
on account of any obligation of any Loan Party under any Loan Document, (a)&nbsp;income or franchise taxes imposed on (or measured by)
its net income by the United States of America, or by any other Governmental Authority as a result of a present or former connection
between the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by any Loan Party under
any Loan Document and the jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority
thereof or therein (other than any such connection arising from the Administrative Agent, any Lender, any Issuing Bank or any other recipient
of any payment to be made by any Loan Party under any Loan Document having executed, delivered or performed its obligations or received
a payment under, or enforced, this Agreement or any other Loan Document), (b)&nbsp;any branch profits taxes imposed by the United States
of America or any similar tax imposed by any other jurisdiction described in clause (a)&nbsp;above, (c)&nbsp;in the case of a Non-U.S.
Lender, including any Issuing Bank that is a Non-U.S. Lender (other than an assignee pursuant to a request by the Borrower under Section&nbsp;2.17(b)),
any United States withholding tax that is imposed on amounts payable to such Non-U.S. Lender at the time such Non-U.S. Lender becomes
a party to this Agreement (or designates a new lending office), except to the extent that such Non-U.S. Lender (or its assignor, if any)
was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from any Loan Party with
respect to such withholding tax pursuant to Section&nbsp;2.15(a), (d)&nbsp;any withholding tax that is imposed on amounts payable to
a Lender that is attributable to such Lender&rsquo;s failure to comply with Section&nbsp;2.15(e)&nbsp;or (f), (e)&nbsp;any taxes assessed
on a recipient under the laws of the Netherlands, if and to the extent (i)&nbsp;such taxes become payable as a result of such recipient
having a substantial interest (<I>aanmerkelijk belang</I>) as defined in the Dutch Income Tax Act (<I>Wet inkomstenbelasting 2001</I>)
in a Loan Party that is resident in the Netherlands for tax purposes or (ii)&nbsp;such taxes are imposed pursuant to the Dutch Withholding
Tax Act 2021 (<I>Wet bronbelasting 2021</I>), substantially in effect at the time such recipient becomes a party to this Agreement and
(f)&nbsp;any United States withholding tax that is imposed by reason of FATCA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Existing Credit Agreement</U>&rdquo;
means the Credit Agreement, dated as of August&nbsp;12, 2019, among the Parent Borrower, the additional borrowers party thereto, the
several banks and other financial institutions parties thereto and JPMorgan Chase Bank, N.A., as administrative agent, as heretofore
amended, supplemented or otherwise modified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Existing Maturity
Date</U>&rdquo; has the meaning assigned to such term in Section&nbsp;2.20(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>FATCA</U>&rdquo;
means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any
agreement entered into pursuant to Section&nbsp;1471(b)(1)&nbsp;of the Code and any fiscal or regulatory legislation, rules&nbsp;or practices
adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections
of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Federal Funds Effective
Rate</U>&rdquo; means, for any day, the rate calculated by the NYFRB based on such day&rsquo;s federal funds transactions by depositary
institutions, as determined in such manner as shall be set forth on the NYFRB&rsquo;s Website from time to time, and published on the
next succeeding Business Day by the NYFRB as the effective federal funds rate; <U>provided</U> that if the Federal Funds Effective Rate
as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Federal Reserve Board</U>&rdquo;
means the Board of Governors of the Federal Reserve System of the United States of America.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Finance Lease</U>&rdquo;
means any lease of property classified as a &ldquo;finance lease&rdquo; on both the balance sheet and income statement for financial
reporting purposes under GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Finance Lease Obligations</U>&rdquo;
means, as applied to any Person, an obligation that is required to be accounted for as a Finance Lease (and not an Operating Lease) on
both the balance sheet and income statement for financial reporting purposes in accordance with GAAP. At the time any determination thereof
is to be made, the amount of the liability in respect of a Finance Lease would be the amount required to be reflected as a liability
on such balance sheet in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Financial Officer</U>&rdquo;
means the chief financial officer, principal accounting officer, treasurer or controller of the Parent Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Fiscal Quarter</U>&rdquo;
means with respect to the Parent Borrower and its Subsidiaries, and with respect to any Fiscal Year, (a)&nbsp;each of the quarterly periods
ending 13 calendar weeks, 26 calendar weeks, 39&nbsp;calendar weeks and 52 or 53 calendar weeks, as the case may be, after the end of
the prior Fiscal Year or (b)&nbsp;such other quarterly periods as the Parent Borrower shall adopt after giving prior written notice thereof
to the Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Fiscal Year</U>&rdquo;
means with respect to the Parent Borrower and its Subsidiaries, (a)&nbsp;the 52- or 53-week annual period, as the case may be, ending
on the Saturday nearest to March&nbsp;31 of each calendar year or (b)&nbsp;such other fiscal year as the Parent Borrower shall adopt
with the prior written consent of the Required Lenders (which consent shall not be unreasonably withheld). Any designation of a particular
Fiscal Year by reference to a calendar year shall mean the Fiscal Year ending during such calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Floor</U>&rdquo;
means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification,
amendment or renewal of this Agreement or otherwise) with respect to the Adjusted Term SOFR Rate, Adjusted EURIBOR Rate, Adjusted TIBOR
Rate, each Adjusted Daily Simple RFR, the Japanese Prime Rate or Central Bank Rate, as applicable. For the avoidance of doubt the initial
Floor for each of the Adjusted Term SOFR, Adjusted EURIBOR Rate Adjusted TIBOR Rate, each Adjusted Daily Simple RFR or the Japanese Prime
Rate shall be zero.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Foreign Plan</U>&rdquo;
means any employee benefit plan (within the meaning of Section&nbsp;3(3)&nbsp;of ERISA, whether or not subject to ERISA) that is not
subject to United States law and is maintained or contributed to by any Loan Party or any ERISA Affiliate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Foreign Plan Event</U>&rdquo;
means, with respect to any Foreign Plan, (a)&nbsp;the failure to make or, if applicable, accrue in accordance with normal accounting
practices, any employer or employee contributions required by applicable law or by the terms of such Foreign Plan, (b)&nbsp;the failure
to register or loss of good standing with applicable regulatory authorities of any such Foreign Plan required to be registered, or (c)&nbsp;the
failure of any Foreign Plan to comply with any material provisions of applicable law and regulations or with the material terms of such
Foreign Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Foreign Subsidiary</U>&rdquo;
means any Subsidiary which is not a Domestic Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>GAAP</U>&rdquo; means
generally accepted accounting principles in the United States of America.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Governmental Authority</U>&rdquo;
means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local,
and any agency, authority, instrumentality, state-owned or state-controlled entity, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government,
including supranational bodies (such as the European Union or European Central Bank).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Guarantee</U>&rdquo;
of or by any Person (the &ldquo;<U>guarantor</U>&rdquo;) means any obligation, contingent or otherwise, of the guarantor guaranteeing
or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the &ldquo;<U>primary obligor</U>&rdquo;)
in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a)&nbsp;to purchase
or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance
or supply funds for the purchase of) any security for the payment thereof, (b)&nbsp;to purchase or lease property, securities or services
for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c)&nbsp;to maintain working capital,
equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to
pay such Indebtedness or other obligation or (d)&nbsp;as an account party in respect of any letter of credit or letter of guaranty issued
to support such Indebtedness or obligation; <U>provided</U>, that the term Guarantee shall not include endorsements for collection or
deposit in the ordinary course of business. For purposes of all calculations provided for in this Agreement, the amount of any Guarantee
of any guarantor shall be deemed to be the lower of (x)&nbsp;an amount equal to the stated or determinable amount of the primary obligation
in respect of which such Guarantee is made and (y)&nbsp;the maximum amount for which such guarantor may be liable pursuant to the terms
of the instrument embodying such Guarantee, unless such primary obligation and the maximum amount for which such guarantor may be liable
are not stated or determinable, in which case the amount of such Guarantee shall be such guarantor&rsquo;s maximum reasonably anticipated
liability in respect thereof as determined by the Parent Borrower in good faith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Guarantee Agreement</U>&rdquo;
means the Guarantee Agreement to be executed and delivered by each Guarantor, substantially in the form of Exhibit&nbsp;C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Guarantor</U>&rdquo;
means (a)&nbsp;with respect to both the Parent Borrower Obligations and the Subsidiary Obligations, each Domestic Subsidiary that becomes
a party to the Guarantee Agreement on the Effective Date and each Domestic Subsidiary that, subsequent to the Effective Date, becomes
a Significant Subsidiary (as defined in Regulation S-X, part 210.1-02 of Title 17 of the Code of Federal Regulations) and (b)&nbsp;with
respect to the Subsidiary Obligations only, the Parent Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Hazardous Materials</U>&rdquo;
means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including
petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical
wastes and all other substances or wastes of any nature regulated pursuant to any applicable Environmental Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>HKD Screen Rate</U>&rdquo;
means, with respect to any Interest Period, the percentage rate per annum for deposits in Hong Kong Dollars for a period beginning on
the first day of such Interest Period and ending on the last day of such Interest Period, displayed under the heading &ldquo;HKAB HKD
Interest Settlement Rates&rdquo; on the Reuters Screen HKABHIBOR Page&nbsp;(or, in the event such rate does not appear on such Reuters
page, on any successor or substitute page&nbsp;on such screen that displays such rate, or on the appropriate page&nbsp;of such other
information service that publishes such rate as selected by the Administrative Agent from time to time in its reasonable discretion)
as of 11:00 a.m.&nbsp;Hong Kong time two business days prior to the commencement of such Interest Period. If the HKD Screen Rate shall
be less than zero, the HKD Screen Rate shall be deemed to be zero for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Hong Kong</U>&rdquo;
means the Hong Kong Special Administrative Region of the People&rsquo;s Republic of China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Hong Kong Dollars</U>&rdquo;
means the lawful currency of Hong Kong.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Indebtedness</U>&rdquo;
of any Person means, without duplication, (a)&nbsp;all obligations of such Person for borrowed money or with respect to deposits or advances
of any kind, (b)&nbsp;all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c)&nbsp;all obligations
of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (d)&nbsp;all
obligations of such Person in respect of the deferred purchase price of property or services (excluding accounts payable incurred in
the ordinary course of business and any earnout obligations or similar deferred or contingent purchase price obligations not overdue
or which do not appear as a liability on a balance sheet of such Person incurred in connection with any acquisition of property or series
of related acquisitions of property that constitutes (i)&nbsp;assets comprising all or substantially all of a business or operating unit
of a business, (ii)&nbsp;all or substantially all of the common stock or other Equity Interests of a Person or (iii)&nbsp;in any case
where clauses (i)&nbsp;and (ii)&nbsp;above are inapplicable, the Acquired Rights), (e)&nbsp;all Indebtedness of others secured by any
Lien on property owned or acquired by such Person (to the extent of such Person&rsquo;s interest in such property), whether or not the
Indebtedness secured thereby has been assumed, (f)&nbsp;all Guarantees by such Person of Indebtedness of others, (g)&nbsp;all Finance
Lease Obligations of such Person, (h)&nbsp;all obligations, contingent or otherwise, of such Person as an account party in respect of
letters of credit and letters of guaranty, (i)&nbsp;all obligations, contingent or otherwise, of such Person in respect of bankers&rsquo;
acceptances and (j)&nbsp;all payment and performance obligations of every kind, nature and description of such Person under or in connection
with Swap Agreements. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in
which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person&rsquo;s ownership interest
in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable
therefor. For purposes of all calculations provided for in this Agreement, there shall be disregarded any Guarantee of any Person in
respect of any Indebtedness of any other Person with which the accounts of such first Person are then required to be consolidated in
accordance with GAAP. For the avoidance of doubt, any amounts available and not drawn under the Commitment shall be deemed not to be
Indebtedness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Indemnified Taxes</U>&rdquo;
means Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan
Party under any Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Indemnitee</U>&rdquo;
has the meaning assigned to it in <U>Section&nbsp;10.03(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Index Debt</U>&rdquo;
means senior, unsecured, long-term indebtedness for borrowed money of the Parent Borrower that is not guaranteed by any other Person
or subject to any other credit enhancement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Insolvent</U>&rdquo;
means, with respect to any Multiemployer Plan, the condition that such Multiemployer Plan is insolvent within the meaning of Section&nbsp;4245
of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Interest Election
Request</U>&rdquo; means a request by the Parent Borrower to convert or continue a Borrowing in accordance with Section&nbsp;2.06.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Interest Payment
Date</U>&rdquo; means (a)&nbsp;with respect to any ABR&nbsp;Loan, the last day of each March, June, September&nbsp;and December&nbsp;and
the Maturity Date, (b)&nbsp;with respect to any RFR Loan, (1)&nbsp;each date that is on the numerically corresponding day in each calendar
month that is one month after the Borrowing of such Loan (or, if there is no such numerically corresponding day in such month, then the
last day of such month) and (2)&nbsp;the Maturity Date and (c)&nbsp;with respect to any Term Benchmark Loan, the last day of each Interest
Period applicable to the Borrowing of which such Loan is a part and, in the case of a Term Benchmark Borrowing with an Interest Period
of more than three months&rsquo; duration, each day prior to the last day of such Interest Period that occurs at intervals of three months&rsquo;
duration after the first day of such Interest Period, and the Maturity Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Interest Period</U>&rdquo;
means with respect to any Term Benchmark Borrowing, the period commencing on the date of such Borrowing and ending on the numerically
corresponding day in the calendar month that is one, three or six months thereafter (in each case, subject to the availability for the
Benchmark applicable to the relevant Loan or Commitment for any Agreed Currency), as the Borrower may elect; <I>provided</I>, that (i)&nbsp;if
any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business
Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the
next preceding Business Day, (ii)&nbsp;any Interest Period that commences on the last Business Day of a calendar month (or on a day for
which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day
of the last calendar month of such Interest Period and (iii)&nbsp;no tenor that has been removed from this definition pursuant to Section&nbsp;2.12(e)&nbsp;shall
be available for specification in such Borrowing Request or Interest Election Request. For purposes hereof, the date of a Borrowing initially
shall be the date on which such Borrowing is made and, in the case of a Revolving Borrowing, thereafter shall be the effective date of
the most recent conversion or continuation of such Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Investment</U>&rdquo;
means, as applied to any Person, any direct or indirect purchase or other acquisition by such Person of Equity Interests or other securities
of, or any assets constituting a business unit of, any other Person, or any direct or indirect loan, advance or capital contribution
by such Person to any other Person. In computing the amount involved in any Investment at the time outstanding, (a)&nbsp;undistributed
earnings of, and unpaid interest accrued in respect of Indebtedness owing by, such other Person shall not be included, (b)&nbsp;there
shall not be deducted from the amounts invested in such other Person any amounts received as earnings (in the form of dividends, interest
or otherwise) on such Investment or as loans from such other Person and (c)&nbsp;unrealized increases or decreases in value, or write-ups,
write-downs or write-offs, of Investments in such other Person shall be disregarded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>IRS</U>&rdquo; means
the United States Internal Revenue Service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Issuing Bank</U>&rdquo;
means, as the context may require, (a)&nbsp;JPMorgan Chase Bank, N.A. or Bank of America, N.A., with respect to Letters or Credit issued
by each of them or (b)&nbsp;any other Lender that becomes an Issuing Bank pursuant to Section&nbsp;2.04(l), with respect to Letters of
Credit issued by it, and in each case its successors in such capacity as provided in Section&nbsp;2.04(j); <U>provided</U> that, unless
JPMorgan Chase Bank, N.A. or Bank of America, N.A. (as applicable) otherwise agrees in writing in its sole discretion, Letters of Credit
issued by JPMorgan Chase Bank, N.A. and Bank of America, N.A. shall be limited to the amount set forth on <U>Schedule 2.01</U>. In the
event that there is more than one Issuing Bank at any time, references herein and in the other Loan Documents to the Issuing Bank shall
be deemed to refer to the Issuing Bank in respect of the applicable Letter of Credit or to all Issuing Banks, as the context requires.
Any Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in
which case the term &ldquo;Issuing Bank&rdquo; shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate;
<U>provided, however</U>, that no arrangement of a type described in this sentence shall be permitted if, immediately after giving effect
thereto, amounts would become payable by the Parent Borrower under Section&nbsp;2.13 or 2.15 that are in excess of those that would be
payable under such Section&nbsp;if such arrangement were not implemented and, <I>provided</I>, <I>further</I>, that the fees payable
to any such Affiliate shall be subject to the second sentence of Section&nbsp;2.10(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Japanese Prime Rate</U>&rdquo;
means for any Loan denominated in Yen the greater of (a)&nbsp;(i)&nbsp;the Japanese local bank prime rate plus (ii)&nbsp;the Japanese
Prime Rate Adjustment and (b)&nbsp;the Floor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Japanese Prime Rate
Adjustment</U>&rdquo; means, for any day, for any Loan denominated in Yen, a rate equal to the difference (which may be a positive or
negative value or zero) of (i)&nbsp;the average of the TIBOR Rate for the five most recent Business Days preceding such day for which
the TIBOR Screen Rate was available (excluding, from such averaging, the highest and the lowest TIBOR Rate applicable during such period
of five Business Days) minus (ii)&nbsp;the Japanese Prime Rate in effect on the last Business Day in such period; provided, that for
purposes of this definition, the Japanese Prime Rate shall be determined disregarding clause (a)(ii)&nbsp;of the definition of such term.
For purposes of this definition, the TIBOR Rate on any day shall be based on the TIBOR Screen Rate on such day at approximately the time
referred to in the definition of such term for deposits in Yen for a maturity of one month.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>JPMorgan</U>&rdquo;
means JPMorgan Chase Bank, N.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Judgment Currency</U>&rdquo;
has the meaning assigned to such term in Section&nbsp;10.13(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>LC Disbursement</U>&rdquo;
means a payment made by the applicable Issuing Bank pursuant to a Letter of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>LC Exposure</U>&rdquo;
means, at any time, the sum of (a)&nbsp;the aggregate undrawn amount of all outstanding Letters of Credit (other than Alternative Currency
Letters of Credit) at such time, (b)&nbsp;the aggregate amount of all LC Disbursements under Letters of Credit (other than Alternative
Currency Letters of Credit) that have not yet been reimbursed by or on behalf of the Parent Borrower at such time and (c)&nbsp;the Alternative
Currency LC Exposure at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure
at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any
amount may still be drawn thereunder by reason of the operation of Article&nbsp;29(a)&nbsp;of the Uniform Customs and Practice for Documentary
Credits,&nbsp;International Chamber of Commerce Publication No.&nbsp;600 (or such later version thereof as may be in effect at the applicable
time) or Rule&nbsp;3.13 or Rule&nbsp;3.14 of the International Standby Practices,&nbsp;International Chamber of Commerce Publication
No.&nbsp;590 (or such later version thereof as may be in effect at the applicable time) or similar terms in the governing rules&nbsp;or
laws or of the Letter of Credit itself, or if compliant documents have been presented but not yet honored, such Letter of Credit shall
be deemed to be &ldquo;outstanding&rdquo; and &ldquo;undrawn&rdquo; in the amount so remaining available to be paid, and the obligations
of the Borrower and each Lender shall remain in full force and effect until the Issuing Bank and the Lenders shall have no further obligations
to make any payments or disbursements under any circumstances with respect to any Letter of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Lead Arranger</U>&rdquo;
means JPMorgan Chase Bank, N.A., in its capacity as lead arranger, and its successors in such capacity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Lender-Related Person</U>&rdquo;
has the meaning assigned to it in &lrm;Section&nbsp;10.03(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Lenders</U>&rdquo;
means the Persons listed on Schedule&nbsp;2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and
Assumption or a New Lender Supplement, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.
Unless the context otherwise requires, the term &ldquo;Lenders&rdquo; includes the Issuing Banks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Letter of Credit</U>&rdquo;
means any Commercial Letter of Credit or Standby Letter of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Liabilities</U>&rdquo;
means any losses, claims (including intraparty claims), demands, damages or liabilities of any kind.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Lien</U>&rdquo; means,
with respect to any asset, (a)&nbsp;any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest
in, on or of such asset, (b)&nbsp;the interest of a vendor or a lessor under any conditional sale agreement or title retention agreement
(or any Finance Lease Obligations having substantially the same economic effect as any of the foregoing, but in any event not in respect
of any Operating Lease Obligations) relating to such asset and (c)&nbsp;in the case of securities, any purchase option, call or similar
right of a third party with respect to such securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Loan Documents</U>&rdquo;
means this Agreement and the Guarantee Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Loan Party</U>&rdquo;
means the Borrowers and the Guarantors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Loans</U>&rdquo;
means the loans made by the Lenders to the Borrowers pursuant to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Margin Stock</U>&rdquo;
means margin stock within the meaning of Regulations T, U and X, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Material Adverse
Effect</U>&rdquo; means a material adverse effect on (a)&nbsp;the business, operations, property or condition (financial or otherwise)
of the Parent Borrower and the Subsidiaries taken as a whole or (b)&nbsp;the rights and remedies, taken as a whole, of the Administrative
Agent and the Lenders under the Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Material Indebtedness</U>&rdquo;
means Indebtedness (other than the Loans and Letters of Credit), or obligations in respect of one or more Swap Agreements, of any one
or more of the Parent Borrower and its Subsidiaries in an aggregate principal amount exceeding $50,000,000. For purposes of determining
Material Indebtedness, the &ldquo;principal amount&rdquo; of the obligations of the Parent Borrower or any Subsidiary in respect of any
Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Parent Borrower or
such Subsidiary would be required to pay if such Swap Agreement were terminated at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Maturity Date</U>&rdquo;
means, subject to extension in accordance with Section&nbsp;2.20, June&nbsp;30, 2028.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Maximum Rate</U>&rdquo;
has the meaning set forth in Section&nbsp;10.16.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Moody&rsquo;s</U>&rdquo;
means Moody&rsquo;s Investors Service,&nbsp;Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Multiemployer Plan</U>&rdquo;
means a multiemployer plan as defined in Section&nbsp;4001(a)(3)&nbsp;of ERISA, contributed to or required to be contributed to by any
Loan Party or ERISA Affiliate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>New Lender</U>&rdquo;
has the meaning assigned to such term in Section&nbsp;2.01(c).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>New Lender Supplement</U>&rdquo;
has the meaning assigned to such term in Section&nbsp;2.01(c).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Non-Extending Lender</U>&rdquo;
has the meaning assigned to such term in Section&nbsp;2.20(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Non-Public Lender</U>&rdquo;
shall mean (i)&nbsp;until the publication of an interpretation of &quot;public&quot; as referred to in the CRR by the competent authority/ies:
an entity which (x)&nbsp;assumes rights and/or obligations vis-&agrave;-vis a Euro Borrower, the value of which is at least EUR 100,000
(or its equivalent in another currency), (y)&nbsp;provides repayable funds for an initial amount of at least EUR 100,000 (or its equivalent
in another currency) or (z)&nbsp;otherwise qualifies as not forming part of the public; and (ii)&nbsp;as soon as the interpretation of
the term &quot;public&quot; as referred to in the CRR has been published by the competent authority/ies: an entity which is not considered
to form part of the public on the basis of such interpretation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Non-U.S. Lender</U>&rdquo;
means any Lender that is not a U.S. Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Notice Date</U>&rdquo;
has the meaning assigned to such term in Section&nbsp;2.20(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>NYFRB</U>&rdquo;
means the Federal Reserve Bank of New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>NYFRB Rate</U>&rdquo;
means, for any day, the greater of (a)&nbsp;the Federal Funds Effective Rate in effect on such day and (b)&nbsp;the Overnight Bank Funding
Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); <U>provided</U> that
if none of such rates are published for any day that is a Business Day, the term &ldquo;NYFRB Rate&rdquo; means the rate for a federal
funds transaction quoted at 11:00 a.m.&nbsp;on such day received by the Administrative Agent from a federal funds broker of recognized
standing selected by it in its reasonable discretion; <U>provided, further</U>, that if any of the aforesaid rates as so determined be
less than zero, such rate shall be deemed to be zero for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>NYFRB&rsquo;s Website</U>&rdquo;
means the website of the NYFRB at http://www.newyorkfed.org, or any successor source.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Operating Lease</U>&rdquo;
means any lease of property classified as an &ldquo;operating lease&rdquo; on both the balance sheet and income statement for financial
reporting purposes under GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Operating Lease Obligations</U>&rdquo;
means, as applied to any Person, an obligation that is required to be accounted for as an Operating Lease (and not a Finance Lease).
At the time any determination thereof is to be made, the amount of the liability in respect of an Operating Lease would be the amount
required to be reflected as a liability on such balance sheet in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Other Connection
Taxes</U>&rdquo; means with respect to any Lender, Taxes imposed as a result of a present or former connection between such Lender and
the jurisdiction imposing such Tax (other than connections arising from such Lender having executed, delivered, become a party to, performed
its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant
to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Other Taxes</U>&rdquo;
means any and all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment
made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document, except any such Taxes
that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section&nbsp;2.17).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Overnight Bank Funding
Rate</U>&rdquo; means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated
in Dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set
forth on the NYFRB&rsquo;s Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight
bank funding rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Overnight Rate</U>&rdquo;
means, for any day, (a)&nbsp;with respect to any amount denominated in Dollars, the NYFRB Rate and (b)&nbsp;with respect to any amount
denominated in an Alternative Currency, an overnight rate determined by the Administrative Agent or the Issuing Banks, as the case may
be, in accordance with banking industry rules&nbsp;on interbank compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Parent</U>&rdquo;
means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Parent Borrower</U>&rdquo;
means Ralph Lauren Corporation, a Delaware corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Parent Borrower Obligations</U>&rdquo;
means the unpaid principal of and interest on the Loans made to and reimbursement obligations of the Parent Borrower (including, without
limitation, interest accruing after the maturity of the Loans made to and reimbursement obligations of the Parent Borrower and interest
accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating
to the Parent Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) and all other
obligations and liabilities of the Parent Borrower to the Administrative Agent or to any Lender (or, in the case of Specified Swap Agreements
and Specified Cash Management Agreements, any affiliate of any Lender), whether direct or indirect, absolute or contingent, due or to
become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan
Document, the Letters of Credit, any Specified Swap Agreement, any Specified Cash Management Agreement, any guarantee thereof or any
other document made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement
obligations, fees, indemnities, costs, expenses (including all fees, charges and disbursements of counsel to the Administrative Agent
or to any Lender that are required to be paid by the Parent Borrower pursuant hereto) or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Participant</U>&rdquo;
has the meaning set forth in Section&nbsp;10.04(c)(i).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Participant Register</U>&rdquo;
has the meaning set forth in Section&nbsp;10.04(c)(i).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Participating Member
State</U>&rdquo; means any member state of the European Union that has the euro as its lawful currency in accordance with legislation
of the European Union relating to Economic and Monetary Union.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>Patriot
Act</U>&rdquo; has the meaning assigned to such term in Section&nbsp;10.18.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Payment</U>&rdquo;
has the meaning assigned to it in Article&nbsp;VIII.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Payment Notice</U>&rdquo;
has the meaning assigned to it in Article&nbsp;VIII.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>PBGC</U>&rdquo; means
the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Permitted Acquisition</U>&rdquo;
means any acquisition (in one transaction or a series of related transactions) by the Parent Borrower or any Subsidiary, on or after
the Effective Date (whether effected through a purchase of Equity Interests or assets or through a merger, consolidation or amalgamation),
of (i)&nbsp;another Person including the equity interest of any Person in which the Borrower or any Subsidiary owns an equity interest,
(ii)&nbsp;the assets constituting all or substantially all of a business or operating business unit of another Person, (iii)&nbsp;in
any case where clauses (i)&nbsp;and (ii)&nbsp;above are inapplicable, the rights of any licensee (including by means of the termination
of such license&rsquo;s rights under such license) under a trademark license to such licensee from the Parent Borrower or any of its
Affiliates or (iv)&nbsp;intellectual property or licenses of intellectual property, <I>provided</I> that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
assets so acquired or, as the case may be, the assets of the Person so acquired shall be in a Related Line of Business;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">no
Default shall have occurred and be continuing at the time thereof or would result therefrom;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">such
acquisition shall be effected in such manner so that the acquired Equity Interests, assets or rights are owned either by the Parent Borrower
or a Subsidiary and, if effected by merger, consolidation or amalgamation, the continuing, surviving or resulting entity shall be the
Parent Borrower or a Subsidiary, <I>provided</I> that, nothing in this clause shall be deemed to limit the ability of the Parent Borrower
or any Subsidiary to grant to a different licensee any acquired license rights described in clause (iii)&nbsp;above (or any rights derivative
therefrom); and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
Parent Borrower and its Subsidiaries shall be in compliance, on a <U>pro forma</U> basis after giving effect to such acquisition, with
the covenant contained in Section&nbsp;6.07 recomputed as at the last day of the most recently ended fiscal quarter of the Parent Borrower
for which financial statements are available, as if such acquisition had occurred on the first day of each relevant period for testing
such compliance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Permitted Encumbrances</U>&rdquo;
means:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Liens
imposed by law for taxes and duties, assessments, governmental charges or levies that are not yet due or are being contested in compliance
with Section&nbsp;5.04;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">landlords,
carriers&rsquo;, warehousemen&rsquo;s, mechanics&rsquo;, shippers&rsquo;, materialmen&rsquo;s, repairmen&rsquo;s and other like Liens
imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are
being contested in compliance with Section&nbsp;5.04;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">pledges
and deposits made in the ordinary course of business in connection with workers&rsquo; compensation, unemployment insurance and other
social security laws or regulations, and pledges and deposits securing liability to insurance carriers under insurance or self-insurance
arrangements;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">pledges
and deposits to secure the performance of tenders, bids, trade contracts, leases, public or statutory obligations, warranty requirements,
surety and appeal bonds, bonds posted in connection with actions, suits or proceedings, performance and bid bonds and other obligations
of a like nature, in each case in the ordinary course of business;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Liens
incurred in the ordinary course of business in connection with the sale, lease, transfer or other disposition of any credit card receivables
of the Parent Borrower or any of its Subsidiaries;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">judgment,
attachment or other similar liens in respect of judgments that do not constitute an Event of Default under clause (k)&nbsp;of Article&nbsp;VII;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">easements,
zoning restrictions, restrictive covenants, encroachments, rights-of-way and similar encumbrances on real property imposed by law or
arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of
the affected property or interfere with the ordinary conduct of business of the Parent Borrower or any Subsidiary;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">possessory
Liens in favor of brokers and dealers arising in connection with the acquisition or disposition of Permitted Investments; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Liens
arising under the general business conditions (<I>Allgemeine Gesch&auml;ftsbedingungen</I>) used by any bank or other financial institution;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>provided
</U></FONT>that the term &ldquo;Permitted Encumbrances&rdquo; shall not include any Lien securing Indebtedness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Permitted Investments</U>&rdquo;
means:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">direct
obligations of, or obligations the principal of and interest on which are directly and fully guaranteed or insured by, the United States
of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">investments
in commercial paper having, at such date of acquisition, a credit rating of at least A-2 from S&amp;P or P-2 from Moody&rsquo;s;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">investments
in certificates of deposit, banker&rsquo;s acceptances and time deposits maturing within three years from the date of acquisition thereof
issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any Lender or any commercial bank which
has a combined capital and surplus and undivided profits of not less than $100,000,000;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">repurchase
agreements with a term of not more than 180 days for securities described in clause&nbsp;(a)&nbsp;above and entered into with a financial
institution satisfying the criteria described in clause&nbsp;(c)&nbsp;above;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">securities
with maturities of three years or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory
of the United States or by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign
government, the securities of which state, commonwealth or territory, political subdivision, taxing authority or foreign government (as
the case may be) are rated, at such date of acquisition, at least A- by S&amp;P or A3 by Moody&rsquo;s;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">securities
with maturities of three years or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial
bank satisfying the requirements of clause (c)&nbsp;of this definition;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">shares
of money market funds that (i)&nbsp;comply with the criteria set forth in (a)&nbsp;Securities and Exchange Commission Rule&nbsp;2a-7
under the Investment Company Act of 1940, as amended or (b)&nbsp;Securities and Exchange Commission Rule&nbsp;3c-7 under the Investment
Company Act of 1940, as amended and (ii)&nbsp;have portfolio assets of at least (x)&nbsp;in the case of funds that invest exclusively
in assets satisfying the requirements of clause (a)&nbsp;of this definition, $250,000,000 and (y)&nbsp;in all other cases, $500,000,000;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">in
the case of investments by any Foreign Subsidiary, obligations of a credit quality and maturity comparable to that of the items referred
to in clauses (a)&nbsp;through (g)&nbsp;above that are available in local markets; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">corporate
debt obligations with a Moody&rsquo;s rating of at least A3 or an S&amp;P rating of at least A-, or their equivalent, as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;&#8239;
corporate notes and bonds; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;
medium term notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Person</U>&rdquo;
means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental
Authority or other entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Plan</U>&rdquo; means
any employee pension benefit plan (within the meaning of Section&nbsp;3(2)&nbsp;of ERISA, but not including any Multiemployer Plan) subject
to the provisions of Title&nbsp;IV of ERISA or Section&nbsp;412 of the Code or Section&nbsp;302 of ERISA, and in respect of which any
Loan Party or any ERISA Affiliate is (or, if such plan were terminated, would under Section&nbsp;4069 of ERISA be deemed to be) an &ldquo;employer&rdquo;
(as defined in Section&nbsp;3(5)&nbsp;of ERISA).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<U>Plan
Asset Regulations</U>&rdquo; means </FONT>29 CFR &sect; 2510.3-101 <I>et seq.</I>, as modified by Section&nbsp;3(42) of ERISA, as amended
from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Prime Rate</U>&rdquo;
means the rate of interest last quoted by The Wall Street Journal as the &ldquo;Prime Rate&rdquo; in the U.S. 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 &ldquo;bank prime loan&rdquo; rate or, if such rate is no longer quoted therein,
any similar rate quoted therein (as determined by the Administrative Agent in its reasonable discretion) or any similar release by the
Federal Reserve Board (as determined by the Administrative Agent in its reasonable discretion). Each change in the Prime Rate shall be
effective from and including the date such change is publicly announced or quoted as being effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Priority Indebtedness</U>&rdquo;
means (a)&nbsp;Indebtedness of the Parent Borrower or any Subsidiary (other than that described in Section&nbsp;6.01(e)) secured by any
Lien on any asset(s)&nbsp;of the Parent Borrower or any Subsidiary and (b)&nbsp;Indebtedness of any Subsidiary which is not a Guarantor,
in each case owing to a Person other than the Parent Borrower or any Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Proceeding</U>&rdquo;
means any claim, litigation, investigation, action, suit, arbitration or administrative, judicial or regulatory action or proceeding
in any jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>PTE</U>&rdquo; means
a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>QFC</U>&rdquo; has
the meaning assigned to the term &ldquo;qualified financial contract&rdquo; in, and shall be interpreted in accordance with, 12 U.S.C.
5390(c)(8)(D).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>QFC Credit Support</U>&rdquo;
has the meaning assigned to it in Section&nbsp;10.19.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Qualified Keepwell
Provider</U>&rdquo; means, in respect of any Swap Obligation, each Loan Party (other than any Loan Party that is a Foreign Subsidiary
of the Parent Borrower) that, at all times during the Swap Guarantee Eligibility Period, has total assets exceeding $10,000,000 or otherwise
constitutes an Eligible Contract Participant and can cause another person to qualify as an Eligible Contract Participant with respect
to such Swap Obligation at such time by entering into a keepwell pursuant to section 1a(18)(A)(v)(II)&nbsp;of the Commodity Exchange
Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>Reference
Time</U>&rdquo; with respect to any setting of the then-current Benchmark means (i)&nbsp;if such Benchmark is the Term SOFR Rate, 5:00
a.m.&nbsp;(Chicago time) on the day that is two U.S. Government Securities Business Days preceding the date of such setting, (ii)&nbsp;if
such Benchmark is EURIBOR Rate, 11:00 a.m.&nbsp;Brussels time two TARGET Days preceding the date of such setting, (iii)&nbsp;if such
Benchmark is the HKD Screen Rate, 11:00 a.m.&nbsp;Hong Kong time two business preceding the date of such setting, (iv)&nbsp;if such Benchmark
is TIBOR Rate, 1:00 p.m.&nbsp;Japan time two Business Days preceding the date of such setting, (v)&nbsp;if the RFR for such Benchmark
is Daily Simple SOFR, then four RFR Business Days preceding the date of such setting or (vi)&nbsp;if such Benchmark is none of the rates
referred to above, the time determined by the Administrative Agent in its reasonable discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Register</U>&rdquo;
has the meaning set forth in Section&nbsp;10.04(b)(iv).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Regulation</U>&rdquo;
has the meaning set forth in Section&nbsp;3.18.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Regulation D</U>&rdquo;
means Regulation D of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations thereunder
or thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Regulation T</U>&rdquo;
means Regulation T of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations thereunder
or thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Regulation U</U>&rdquo;
means Regulation U of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations thereunder
or thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Regulation X</U>&rdquo;
means Regulation&nbsp;X of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations thereunder
or thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Related Line of Business</U>&rdquo;
means: (a)&nbsp;any line of business in which the Parent Borrower or any of its Subsidiaries is engaged as of, or immediately prior to,
the Effective Date, (b)&nbsp;any wholesale, retail or other distribution of products or services under any domestic or foreign patent,
trademark, service mark, trade name, copyright or license or (c)&nbsp;any similar, ancillary or related business and any business which
provides a service and/or supplies products in connection with any business described in clause (a)&nbsp;or (b)&nbsp;above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Related Parties</U>&rdquo;
means, with respect to any specified Person, such Person&rsquo;s Affiliates and the respective directors, officers, employees, agents
and advisors of such Person and such Person&rsquo;s Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Relevant Governmental
Body</U>&rdquo; means (i)&nbsp;with respect to a Benchmark Replacement in respect of Loans denominated in Dollars, the Federal Reserve
Board and/or the NYFRB, or a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB or, in each case,
any successor thereto, (ii)&nbsp;with respect to a Benchmark Replacement in respect of Loans denominated in Euros, the European Central
Bank, or a committee officially endorsed or convened by the European Central Bank or, in each case, any successor thereto, (iii)&nbsp;with
respect to a Benchmark Replacement in respect of Loans denominated in Yen, the Bank of Japan, or a committee officially endorsed or convened
by the Bank of Japan or, in each case, any successor thereto, and (iv)&nbsp;with respect to a Benchmark Replacement in respect of Loans
denominated in any other currency, (a)&nbsp;the central bank for the currency in which such Benchmark Replacement is denominated or any
central bank or other supervisor which is responsible for supervising either (1)&nbsp;such Benchmark Replacement or (2)&nbsp;the administrator
of such Benchmark Replacement or (b)&nbsp;any working group or committee officially endorsed or convened by (1)&nbsp;the central bank
for the currency in which such Benchmark Replacement is denominated, (2)&nbsp;any central bank or other supervisor that is responsible
for supervising either (A)&nbsp;such Benchmark Replacement or (B)&nbsp;the administrator of such Benchmark Replacement, (3)&nbsp;a group
of those central banks or other supervisors or (4)&nbsp;the Financial Stability Board or any part thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>Relevant
Rate</U>&rdquo; means (i)&nbsp;with respect to any Term Benchmark Borrowing denominated in Dollars, the Adjusted Term SOFR Rate, (ii)&nbsp;with
respect to any Term Benchmark Borrowing denominated in Euros, the Adjusted EURIBOR Rate, (iii)&nbsp;with respect to any Term Benchmark
Borrowing denominated in Hong Kong Dollars, the HKD Screen Rate, (iv)&nbsp;with respect to any Term Benchmark Borrowing denominated in
Yen, the Adjusted TIBOR Rate, or (v)&nbsp;with respect to an RFR Borrowing, the applicable Adjusted Daily Simple RFR, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>Relevant
Screen Rate</U>&rdquo; means (i)&nbsp;with respect to any Term Benchmark Borrowing denominated in Dollars, the Term SOFR Reference Rate,
(ii)&nbsp;with respect to any Term Benchmark Borrowing denominated in Euros, the EURIBOR Screen Rate, (iii)&nbsp;with respect to any
Term Benchmark Borrowing denominated in Hong Kong Dollars, the HKD Screen Rate, or (iv)&nbsp;with respect to any Term Benchmark Borrowing
denominated in Yen, the TIBOR Screen Rate, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Required Lenders</U>&rdquo;
means, subject to Section&nbsp;2.19(c), at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more
than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Requirement of Law</U>&rdquo;
means, as to any Person, the Articles or Certificate of Incorporation and By-Laws, Articles or Certificate of Formation and Operating
Agreement, or Certificate of Partnership or partnership agreement or other organizational or governing documents of such Person, and
any law, treaty, rule&nbsp;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 to which such Person or any of its property is subject.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Resolution Authority</U>&rdquo;
means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Reuters</U>&rdquo;
means, as applicable, Thomson Reuters Corp., Refinitiv, or any successor thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Revolving Credit
Exposure</U>&rdquo; means, with respect to any Lender at any time, the Dollar Equivalent of the sum of the outstanding principal amount
of such Lender&rsquo;s Revolving Loans and its LC Exposure at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Revolving Loan</U>&rdquo;
means a Loan made pursuant to Section&nbsp;2.03.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>RFR</U>&rdquo; means,
for any RFR Loan, Daily Simple SOFR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>RFR Borrowing</U>&rdquo;
means, as to any Borrowing, the RFR Loans comprising such Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>RFR Business Day</U>&rdquo;
means, for any Loan denominated in Dollars, a U.S. Government Securities Business Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>RFR Interest Day</U>&rdquo;
has the meaning specified in the definition of &ldquo;Daily Simple RFR&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>RFR Loan</U>&rdquo;
means a Loan that bears interest at a rate based on the Adjusted Daily Simple RFR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>S&amp;P</U>&rdquo;
means Standard&nbsp;&amp; Poor&rsquo;s Rating Services, a Standard&nbsp;&amp; Poor&rsquo;s Financial Services LLC business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Sanctioned Country</U>&rdquo;
means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the time of this Agreement,
the so-called Donetsk People&rsquo;s Republic, the so-called Luhansk People&rsquo;s Republic, the Crimea Region of Ukraine, Cuba,&nbsp;Iran,
North Korea, Syria and the non-government controlled Zaporizhzhia and Kherson regions of Ukraine).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Sanctioned Person</U>&rdquo;
means, at any time, any Person subject or target of any Sanctions, including (a)&nbsp;any Person listed in any Sanctions-related list
of designated Persons maintained by the U.S. government, including by the Office of Foreign Assets Control of the U.S. Department of
the Treasury, the U.S. Department of State or the U.S. Department of Commerce, or by the United Nations Security Council, the European
Union, any European Union member state, His Majesty&rsquo;s Treasury of the United Kingdom or other relevant sanctions authority, (b)&nbsp;any
Person operating, organized or resident in a Sanctioned Country, or (c)&nbsp;any Person owned or controlled by any such Person or Persons
described in the foregoing clauses (a)&nbsp;or (b)&nbsp;(including, without limitation for purposes of defining a Sanctioned Person,
as ownership and control may be defined and/or established in and/or by any applicable laws, rules, regulations, or orders).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Sanctions</U>&rdquo;
means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a)&nbsp;the U.S.
government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department
of State, or (b)&nbsp;the United Nations Security Council, the European Union, any European Union member state, His Majesty&rsquo;s Treasury
of the United Kingdom or other relevant sanctions authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>SOFR</U>&rdquo;
means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>SOFR Administrator</U>&rdquo;
means the NYFRB (or a successor administrator of the secured overnight financing rate).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>SOFR
Administrator&rsquo;s Website</U>&rdquo; means the NYFRB&rsquo;s Website or any successor source for the secured overnight financing
rate identified as such by the SOFR Administrator from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><U>SOFR
Determination Date</U>&rdquo; has the meaning specified in the definition of &ldquo;Daily Simple SOFR&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>SOFR Rate Day</U>&rdquo;
has the meaning specified in the definition of &ldquo;Daily Simple SOFR&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Specified Cash Management
Agreement</U>&rdquo; means any agreement providing for treasury, depositary, purchasing card, credit card or cash management services,
including in connection with any automated clearing house transfers of funds or any similar transactions between the Parent Borrower,
any Subsidiary and any Lender or affiliate thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Specified Swap Agreement</U>&rdquo;
means any Swap Agreement in respect of interest rates, currency exchange rates or commodity prices entered into by the Parent Borrower
or any Subsidiary and any Person that is a Lender or an affiliate of a Lender at the time such Swap Agreement is entered into.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Standby Letter of
Credit</U>&rdquo; means an irrevocable letter of credit pursuant to which an Issuing Bank agrees to make payments in dollars or an Alternative
Currency for the account of the Parent Borrower or jointly and severally for the account of the Parent Borrower and any of its Subsidiaries
in respect of obligations of the Parent Borrower or any of its Subsidiaries incurred pursuant to contracts made or performances undertaken
or to be undertaken or like matters relating to contracts to which the Parent Borrower or any of its Subsidiaries is or proposes to become
a party in the ordinary course of the Parent Borrower&rsquo;s or any of its Subsidiaries&rsquo; business, including, but not limited
to, for insurance purposes and in connection with lease transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Statutory Reserve
Rate</U>&rdquo; means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the
number one minus the aggregate of the maximum reserve percentage (including any marginal, special, emergency or supplemental reserves)
expressed as a decimal established by the Federal Reserve Board to which the Administrative Agent is subject with respect to the Adjusted
EURIBOR Rate or Adjusted TIBOR Rate, as applicable, for eurocurrency funding (currently referred to as &ldquo;Eurocurrency liabilities&rdquo;
in Regulation D) or any other reserve ratio or analogous requirement of any central banking or financial regulatory authority imposed
in respect of the maintenance of the Commitments or the funding of the Loans. Such reserve percentage shall include those imposed pursuant
to Regulation D. Term Benchmark Loans for which the associated Benchmark is adjusted by reference to the Statutory Reserve Rate (per
the related definition of such Benchmark) shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements
without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under Regulation
D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change
in any reserve percentage.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>subsidiary</U>&rdquo;
means, with respect to any Person (the &ldquo;<U>parent</U>&rdquo;) at any date, any corporation, limited liability company, partnership,
association or other Person the accounts of which would be consolidated with those of the parent in the parent&rsquo;s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited
liability company, partnership, association or other Person (a)&nbsp;of which securities or other ownership interests representing more
than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership
interests are, as of such date, directly or indirectly, owned, controlled or held, or (b)&nbsp;that is, as of such date, otherwise Controlled,
directly or indirectly, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the
parent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Subsidiary</U>&rdquo;
means any subsidiary of the Parent Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Subsidiary Borrower</U>&rdquo;
means, as applicable, RL Finance B.V., a private company with limited liability organized under the laws of the Netherlands, Ralph Lauren
Europe S&agrave;rl (<I>soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e</I>), a limited liability company organized
under the laws of Switzerland, or Ralph Lauren Asia Pacific Limited, a limited liability company incorporated under the laws of Hong
Kong.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Subsidiary Obligations</U>&rdquo;
means the unpaid principal of and interest on the Loans made to and reimbursement obligations of each Subsidiary (including, without
limitation, interest accruing after the maturity of the Loans made to and reimbursement obligations of such Subsidiary and interest accruing
after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to
such Subsidiary, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) and all other obligations
and liabilities of the Subsidiaries to the Administrative Agent or to any Lender (or, in the case of Specified Swap Agreements and Specified
Cash Management Agreements, any affiliate of any Lender), whether direct or indirect, absolute or contingent, due or to become due, or
now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document, the
Letters of Credit, any Specified Swap Agreement, any Specified Cash Management Agreement, any guarantee thereof or any other document
made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees,
indemnities, costs, expenses or otherwise; <U>provided</U>, that for purposes of determining the obligations of any Guarantor under this
Agreement and the Guarantee Agreement, the definition of &ldquo;Subsidiary Obligations&rdquo; shall not create any guarantee by any Guarantor
of any Excluded Swap Obligations of such Guarantor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Supported QFC</U>&rdquo;
has the meaning set forth in Section&nbsp;10.19.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swap</U>&rdquo; means
any agreement, contract, or transaction that constitutes a &ldquo;swap&rdquo; within the meaning of section 1a(47) of the Commodity Exchange
Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swap Agreement</U>&rdquo;
means any agreement with respect to any swap, forward, future or derivative transaction or option, cap or collar agreements or similar
agreement involving, or settled by reference to, one or more interest or exchange 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; <U>provided</U> 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 the Parent Borrower or the Subsidiaries shall
be a Swap Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swap Guarantee Eligibility
Period</U>&rdquo; means, with respect to a Guarantor and the relevant Swap Obligation, the period from and including the date on which
the relevant guarantee (or grant of the relevant security interest, as applicable) became effective with respect to such Swap Obligation
until the date on which such guarantee (or grant of the relevant security interest, as applicable) is no longer in effect. For the avoidance
of doubt, the Swap Guarantee Eligibility Period shall commence on the date of the execution of a Swap if the corresponding guarantee
(or grant of security interest) is then in effect, and otherwise it shall commence on the date of execution and delivery of the relevant
guarantee (or grant of security interest) unless the guarantee (or relevant collateral agreement or pledge documentation, as applicable)
specifies a subsequent effective date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swap Obligation</U>&rdquo;
means, with respect to any Person, any obligation to pay or perform under any Swap.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swiss 10-Non-Bank
Rule</U>&rdquo; means the rule&nbsp;that the aggregate number of creditors (within the meaning of the Swiss Guidelines) (including the
Lenders) of a Swiss Borrower under this Agreement that are not Swiss Qualifying Banks must not at any time exceed 10, in each case in
accordance with the meaning of the Swiss Guidelines or the applicable legislation or explanatory notes addressing the same issues that
are in force at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swiss 20-Non-Bank
Rule</U>&rdquo; means the rule&nbsp;that (without duplication) the aggregate number of creditors (within the meaning of the Swiss Guidelines)
(including the Lenders), other than Swiss Qualifying Banks, of a Swiss Borrower under all its outstanding debt relevant for classification
as debenture (<I>Kassenobligation</I>) (including debt arising under this Agreement), facilities and/or private placements must not at
any time exceed 20, in each case in accordance with the meaning of the Swiss Guidelines or the applicable legislation or explanatory
notes addressing the same issues that are in force at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swiss Borrower</U>&rdquo;
means, for purposes of Swiss Withholding Tax, a Borrower that is organized under the laws of Switzerland or which is treated as resident
in Switzerland for Swiss Withholding Tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<U>Swiss
Guidelines</U>&rdquo; means all relevant guidelines or explanatory notes issued by the Swiss Federal Tax Administration as amended, replaced
or newly issued from time to time, including the established practice of the Swiss Federal Tax Administration </FONT>or as substituted
or superseded and overruled by any law, statute, ordinance, court decision, regulation or the like as in force from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swiss Loan Party</U>&rdquo;
means a Swiss Borrower and each Loan Party that is organized under the laws of Switzerland (each, a &ldquo;<U>Swiss Loan Party</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swiss Non-Bank Rules</U>&rdquo;
means the Swiss 10-Non-Bank Rule&nbsp;and the Swiss 20-Non-Bank Rule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swiss Permitted Non-Qualifying
Banks</U>&rdquo; means, in aggregate, up to 10 Lenders which are not, in each case, a Swiss Qualifying Bank; and &ldquo;<U>Swiss Permitted
Non-Qualifying Bank</U>&rdquo; means one of them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swiss Qualifying
Bank</U>&rdquo; means (a)&nbsp;any bank as defined in the Swiss Federal Code for Banks and Savings Banks dated 8 November&nbsp;1934 (<I>Bundesgesetz
 &uuml;ber die Banken und Sparkassen</I>) as amended from time to time; and (b)&nbsp;a person or entity which effectively conducts banking
activities with its own infrastructure and staff as its principal business purpose and which has a banking license in full force and
effect issued in accordance with the banking laws in force in its jurisdiction of incorporation, or if acting through a branch, issued
in accordance with the banking laws in the jurisdiction of such branch, all and in each case in accordance with the Swiss Guidelines.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Swiss Withholding
Tax</U>&rdquo; means the tax imposed based on the Swiss Federal Act on Withholding Tax of 13 October&nbsp;1965 (<I>Bundesgesetz &uuml;ber
die Verrechnungssteuer vom 13. Oktober 1965, SR 642.21</I>), as amended from time to time together with the related ordinances, regulations
and guidelines.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Switzerland</U>&rdquo;
means the Swiss Confederation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Syndication Agent</U>&rdquo;
means Bank of America, N.A., in its capacity as syndication agent, and its successors in such capacity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>T2</U>&rdquo; means
the real time gross settlement system operated by the Eurosystem, or any successor system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>TARGET Day</U>&rdquo;
means any day on which T2 (or, if such payment system ceases to be operative, such other payment system, if any, determined by the Administrative
Agent to be a suitable replacement) is open for the settlement of payments in Euro.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Taxes</U>&rdquo;
means any and all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments,
fees, or other charges imposed by any Governmental Authority, including interest, additions to tax or penalties applicable thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Term Benchmark</U>&rdquo;
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest
at a rate determined by reference to the Adjusted Term SOFR Rate, the Adjusted EURIBOR Rate, the HKD Screen Rate or the Adjusted TIBOR
Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Term SOFR Determination
Day</U>&rdquo; has the meaning assigned to it under the definition of Term SOFR Reference Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Term SOFR Rate</U>&rdquo;
means, with respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period,
the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement
of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Term SOFR Reference
Rate</U>&rdquo; means, for any day and time (such day, the &ldquo;<U>Term SOFR Determination Day</U>&rdquo;), with respect to any Term
Benchmark Borrowing denominated in Dollars and 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. If by 5:00 pm (New York City time) on any Term SOFR Determination
Day, the &ldquo;Term SOFR Reference Rate&rdquo; for the applicable tenor has not been published by the CME Term SOFR Administrator and
a Benchmark Replacement Date with respect to the Term SOFR Rate has not occurred, then the Term SOFR Reference Rate for such Term SOFR
Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S. Government Securities Business
Day for which such Term SOFR Reference Rate was published by the CME Term SOFR Administrator, so long as such first preceding Business
Day is not more than five (5)&nbsp;Business Days prior to such Term SOFR Determination Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>TIBOR Rate</U>&rdquo;
means, with respect to any Term Benchmark Borrowing denominated in Yen and for any Interest Period, the TIBOR Screen Rate two Business
Days prior to the commencement of such Interest Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>TIBOR Screen Rate</U>&rdquo;
means the Tokyo interbank offered rate administered by the Ippan Shadan Hojin JBA TIBOR Administration (or any other Person which takes
over the administration of that rate) for the relevant currency and period displayed on page&nbsp;DTIBOR01 of the Reuters screen (or,
in the event such rate does not appear on such Reuters page&nbsp;or screen, on any successor or substitute page&nbsp;on such screen that
displays such rate, or on the appropriate page&nbsp;of such other information service that publishes such rate as selected by the Administrative
Agent from time to time in its reasonable discretion) as published at approximately 1:00 p.m.&nbsp;Japan time two Business Days prior
to the commencement of such Interest Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Transactions</U>&rdquo;
means the execution, delivery and performance by the Borrowers of this Agreement and by the Guarantors of the Guarantee Agreement, the
borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Type</U>&rdquo;,
when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such
Borrowing, is determined by reference to the Adjusted Term SOFR Rate, the Adjusted EURIBOR Rate, the HKD Screen Rate, the Adjusted TIBOR
Rate, the Alternate Base Rate or the Adjusted Daily Simple RFR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>UK Financial Institution</U>&rdquo;
means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom
Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated
by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates
of such credit institutions or investment firms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>UK Resolution Authority</U>&rdquo;
means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<U>Unadjusted
Benchmark Replacement</U>&rdquo;</FONT> means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>U.S. Government Securities
Business Day</U>&rdquo; means any day except for (i)&nbsp;a Saturday, (ii)&nbsp;a Sunday or (iii)&nbsp;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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>U.S. Person</U>&rdquo;
means a &ldquo;United States person&rdquo; within the meaning of Section&nbsp;7701(a)(30) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>U.S. Special Resolution
Regimes</U>&rdquo; has the meaning set forth in Section&nbsp;10.19.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>U.S. Tax Compliance
Certificate</U>&rdquo; has the meaning assigned to such term in Section&nbsp;2.15(f).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Voting Stock</U>&rdquo;
means stock of any class or classes (however designated), or other Equity Interests, of any Person, the holders of which are at the time
entitled, as such holders, to vote for the election of the directors or other governing body of the Person involved, whether or not the
right so to vote exists by reason of the happening of a contingency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Withdrawal Liability</U>&rdquo;
means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are
defined in Part&nbsp;I of Subtitle&nbsp;E of Title&nbsp;IV of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Write-Down and Conversion
Powers</U>&rdquo; means, (a)&nbsp;with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution
Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers
are described in the EU Bail-In Legislation Schedule , and (b)&nbsp;with respect to the United Kingdom, any powers of the applicable
Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution
or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or
obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been
exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that
are related to or ancillary to any of those powers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Yen</U>&rdquo; means
the lawful currency of Japan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;1.02.&#8239;&#8239;
</FONT><B>Classification of Loans and Borrowings</B>. For purposes of this Agreement, Loans may be classified and referred to by Class&nbsp;(e.g.,
a &ldquo;Revolving Loan&rdquo;) or by Type (e.g., a &ldquo;Term Benchmark Loan&rdquo; or an &ldquo;RFR Loan&rdquo;) or by Class&nbsp;and
Type (e.g., a &ldquo;Term Benchmark Revolving Loan&rdquo; or an &ldquo;RFR Revolving Loan&rdquo;). Borrowings also may be classified
and referred to by Class&nbsp;(e.g., a &ldquo;Revolving Borrowing&rdquo;) or by Type (e.g., a &ldquo;Term Benchmark Borrowing&rdquo;
or an &ldquo;RFR Borrowing&rdquo;) or by Class&nbsp;and Type (e.g., a &ldquo;Term Benchmark Revolving Borrowing&rdquo; or an &ldquo;RFR
Revolving Borrowing&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;1.03.&#8239;&#8239;
</FONT><B>Terms Generally</B>. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words &ldquo;include&rdquo;,
 &ldquo;includes&rdquo; and &ldquo;including&rdquo; shall be deemed to be followed by the phrase &ldquo;without limitation&rdquo;. The
word &ldquo;will&rdquo; shall be construed to have the same meaning and effect as the word &ldquo;shall&rdquo;. Unless the context requires
otherwise (a)&nbsp;any definition of or reference to any agreement, instrument or other document herein shall be construed as referring
to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions
on such amendments, supplements or modifications set forth herein), (b)&nbsp;any reference herein to any Person shall be construed to
include such Person&rsquo;s successors and assigns, (c)&nbsp;the words &ldquo;herein&rdquo;, &ldquo;hereof&rdquo; and &ldquo;hereunder&rdquo;,
and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof,
(d)&nbsp;all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, this Agreement, (e)&nbsp;any reference to any law, rule&nbsp;or regulation herein shall, unless otherwise
specified, refer to such law, rule&nbsp;or regulation as amended, modified or supplemented from time to time and (f)&nbsp;the words &ldquo;asset&rdquo;
and &ldquo;property&rdquo; 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;1.04.&#8239;&#8239;
</FONT><B>Accounting Terms; GAAP</B>. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall
be construed in accordance with GAAP, as in effect from time to time; <U>provided</U> that, if the Parent Borrower notifies the Administrative
Agent that the Parent Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the
date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Parent
Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice
is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of
GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn
or such provision amended in accordance herewith. Notwithstanding any other provision contained herein, all terms of an accounting or
financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without
giving effect to (i)&nbsp;any election under Financial Accounting Standards Board Accounting Standards Codification 825 (or any other
Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Parent Borrower
or any Subsidiary at &ldquo;fair value&rdquo;, as defined therein and (ii)&nbsp;any treatment of Indebtedness under Accounting Standards
Codification 470-20 or 2015-03 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result
or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all
times be valued at the full stated principal amount thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;1.05.&#8239;&#8239;
</FONT><B>Exchange Rates</B>. (a)&#8239;&#8239;For purposes of calculating the Dollar Equivalent of the principal amount of any Loan denominated
in an Alternative Currency, the Alternative Currency LC Exposure at any time and the Dollar Equivalent at the time of issuance of any
Alternative Currency Letter of Credit then requested to be issued pursuant to Section&nbsp;2.04(b), the Administrative Agent shall determine
the Exchange Rate as of the applicable Exchange Rate Date with respect to each Alternative Currency in which any requested or outstanding
Loan or Alternative Currency Letter of Credit is denominated and shall apply such Exchange Rate to determine such amount (in each case
after giving effect to any Loan to be made or repaid or Letter of Credit to be issued or to expire or terminate on or prior to the applicable
date for such calculation).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; For purposes
of (i)&nbsp;determining the amount of Indebtedness incurred, outstanding or proposed to be incurred or outstanding under Section&nbsp;6.01
(but excluding, for the avoidance of doubt, any calculation of Consolidated Net Worth or Consolidated EBITDAR), (ii)&nbsp;determining
the amount of obligations secured by Liens incurred, outstanding or proposed to be incurred or outstanding under Section&nbsp;6.02, or
(iii)&nbsp;determining the amount of Material Indebtedness, the net assets of a Person or judgments outstanding under paragraphs (f),
(g), (h), (i), (j)&nbsp;or (k)&nbsp;of Article&nbsp;VII, all amounts incurred, outstanding or proposed to be incurred or outstanding
in currencies other than dollars shall be translated into dollars at the Exchange Rate on the applicable date, <I>provided</I> that no
Default shall arise as a result of any limitation set forth in dollars in Section&nbsp;6.01 or 6.02 being exceeded solely as a result
of changes in Exchange Rates from those rates applicable at the time or times Indebtedness or obligations secured by Liens were initially
consummated or acquired in reliance on the exceptions under such Sections.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;1.06.&#8239;&#8239;
</FONT><B>Divisions</B>. For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware
law (or any comparable event under a different jurisdiction&rsquo;s laws): (a)&nbsp;if any asset, right, obligation or liability of any
Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from
the original Person to the subsequent Person, and (b)&nbsp;if any new Person comes into existence, such new Person shall be deemed to
have been organized and acquired on the first date of its existence by the holders of its Equity Interests at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;1.07.&#8239;&#8239;
</FONT><B>Lenders&rsquo; Status</B>. Each Lender hereunder confirms as of the date hereof that it is a Swiss Qualifying Bank or counts
as (only) one Swiss Permitted Non-Qualifying Bank. Each Lender which becomes a party to this Agreement after the date of this Agreement
shall indicate, in the Assignment and Assumption or the New Lender Supplement whether it is a Swiss Qualifying Bank or a Swiss Permitted
Non-Qualifying Bank. If a Lender does not declare its status as a Swiss Qualifying Bank or a Swiss Permitted Non-Qualifying Bank or declares
its status in that regard to be unknown, such Lender shall be treated as a Lender which is not a Swiss Qualifying Bank or a Swiss Permitted
Non-Qualifying Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;1.08.&#8239;&#8239;
</FONT><B>Interest Rates; Benchmark Notification</B>. The interest rate on a Loan denominated in dollars or an Alternative Currency may
be derived from an interest rate benchmark that may be discontinued or is, or may in the future become, the subject of regulatory reform.
Upon the occurrence of a Benchmark Transition Event, Section&nbsp;2.12(b)&nbsp;provides a mechanism for determining an alternative rate
of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect
to, the administration, submission, performance or any other matter related to any interest rate used in this Agreement, or with respect
to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics
of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence
of, the existing interest rate being replaced or have the same volume or liquidity as did any existing interest rate prior to its discontinuance
or unavailability. The Administrative Agent and its affiliates and/or other related entities may engage in transactions that affect the
calculation of any interest rate used in this Agreement or any alternative, successor or alternative rate (including any Benchmark Replacement)
and/or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The Administrative Agent may select information
sources or services in its reasonable discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates
referenced in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower,
any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential
damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation
of any such rate (or component thereof) provided by any such information source or service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;1.09.&#8239;&#8239;
</FONT><B>Letter of Credit Amounts</B>. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed
to be the Dollar Equivalent of the stated amount of such Letter of Credit available to be drawn at such time; provided that with respect
to any Letter of Credit that, by its terms, provides for one or more automatic increases in the available amount thereof, the amount
of such Letter of Credit shall be deemed to be the Dollar Equivalent of the maximum amount of such Letter of Credit after giving effect
to all such increases, whether or not such maximum amount is available to be drawn at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE&nbsp;II</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>The
Credits</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.01.&#8239;&#8239;
</FONT><B>Commitments</B>. (a)&#8239;&#8239;Subject to the terms and conditions set forth herein, each Lender severally agrees to make
Loans in dollars or an Alternative Currency to the Borrowers from time to time during the Availability Period in an aggregate principal
amount that will not result in such Lender&rsquo;s Revolving Credit Exposure exceeding such Lender&rsquo;s Commitment. Within the foregoing
limits and subject to the terms and conditions set forth herein, each Borrower may borrow, prepay and reborrow Revolving Loans. The obligations
of each Borrower under this Agreement are several although the Subsidiary Obligations are guaranteed by the Parent Borrower under Article&nbsp;IX.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; The Parent
Borrower and any one or more Lenders (including New Lenders) may from time to time after the Effective Date agree that such Lender or
Lenders shall establish a new Commitment or Commitments or increase the amount of its or their Commitment or Commitments by executing
and delivering to the Administrative Agent, in the case of each New Lender, a New Lender Supplement meeting the requirements of Section&nbsp;2.01(c)&nbsp;or,
in the case of each Lender which is not a New Lender, a Commitment Increase Supplement meeting the requirements of Section&nbsp;2.01(d).
Notwithstanding the foregoing, without the consent of the Required Lenders, (x)&nbsp;the aggregate amount of incremental Commitments
established or increased after the Effective Date pursuant to this paragraph shall not exceed $750,000,000, (y)&nbsp;unless otherwise
agreed to by the Administrative Agent, each increase in the aggregate Commitments effected pursuant to this paragraph shall be in a minimum
aggregate amount of at least $15,000,000 and (z)&nbsp;unless otherwise agreed by the Administrative Agent, increases in Commitments may
be effected on no more than three occasions pursuant to this paragraph. No Lender shall have any obligation to participate in any increase
described in this paragraph unless it agrees to do so in its sole discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; Any additional
bank, financial institution or other entity which, with the consent of the Parent Borrower and the Administrative Agent (which consent
of the Administrative Agent shall not be unreasonably withheld), elects to become a &ldquo;Lender&rdquo; under this Agreement in connection
with any transaction described in Section&nbsp;2.01(b)&nbsp;shall execute a New Lender Supplement (each, a &ldquo;<U>New Lender Supplement</U>&rdquo;),
substantially in the form of Exhibit&nbsp;D-1, whereupon such bank, financial institution or other entity (a &ldquo;<U>New Lender</U>&rdquo;)
shall become a Lender, with a Commitment in the amount set forth therein that is effective on the date specified therein, for all purposes
and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; Any Lender,
which, with the consent of the Parent Borrower and the Administrative Agent, elects to increase its Commitment under this Agreement shall
execute and deliver to the Parent Borrower and the Administrative Agent a Commitment Increase Supplement specifying (i)&nbsp;the amount
of such Commitment increase, (ii)&nbsp;the amount of such Lender&rsquo;s total Commitment after giving effect to such Commitment increase,
and (iii)&nbsp;the date upon which such Commitment increase shall become effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; Unless otherwise
agreed by the Administrative Agent, on each date upon which the Commitments shall be increased pursuant to this Section, each Borrower
shall prepay all then outstanding Loans made to it, which prepayment shall be accompanied by payment of all accrued interest on the amount
prepaid and any amounts payable pursuant to Section&nbsp;2.14 in connection therewith, and, to the extent it determines to do so, reborrow
Loans from all the Lenders (after giving effect to the new and/or increased Commitments becoming effective on such date). Any prepayment
and reborrowing pursuant to the preceding sentence shall be effected, to the maximum extent practicable, through the netting of amounts
payable between each applicable Borrower and the respective Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.02.&#8239;&#8239;
</FONT><B>Loans and Borrowings</B>. (a)&#8239;&#8239;Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders
ratably in accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not
relieve any other Lender of its obligations hereunder; <U>provided</U> that the Commitments of the Lenders are several and no Lender
shall be responsible for any other Lender&rsquo;s failure to make Loans as required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; Subject to
Section&nbsp;2.12, each Borrowing shall be comprised (A)&nbsp;in the case of Borrowings in Dollars, entirely of ABR Loans, Term Benchmark
Loans, or RFR Loans and (B)&nbsp;in the case of Borrowings in any other Agreed Currency, entirely of Term Benchmark Loans, in each case
of the same Agreed Currency, as the Parent Borrower may request on its own behalf or on behalf of any other Borrower in accordance herewith.
Each Lender at its option may make any Term Benchmark Loan by causing any domestic or foreign branch or Affiliate of such Lender to make
such Loan; <U>provided</U> that any exercise of such option shall not affect the obligation of the applicable Borrower to repay such
Loan in accordance with the terms of this Agreement; and <U>provided</U>, <U>further</U>, that no such option may be exercised by any
Lender if, immediately after giving effect thereto, amounts would become payable by a Loan Party under Section&nbsp;2.13 or 2.15 that
are in excess of those that would be payable under such Section&nbsp;if such option were not exercised.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; At the commencement
of each Interest Period for any Term Benchmark Borrowing, such Borrowing shall be in an aggregate amount that is (i)&nbsp;in the case
of a Term Benchmark Borrowing denominated in dollars, an integral multiple of $500,000 and not less than $5,000,000 and (ii)&nbsp;in
the case of an Alternative Currency Borrowing, the Dollar Equivalent of an integral multiple of $500,000 and not less than the Dollar
Equivalent of $5,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral
multiple of $500,000 and not less than $500,000; <U>provided</U> that an ABR Borrowing may be in an aggregate amount that is equal to
the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated
by Section&nbsp;2.04(e). Borrowings of more than one Type may be outstanding at the same time; <U>provided</U> that there shall not at
any time be more than a total of 15 Term Benchmark Borrowings outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; Notwithstanding
any other provision of this Agreement, no Borrower shall be entitled to request, or to elect to convert or continue, any Borrowing if
the Interest Period requested with respect thereto would end after the Maturity Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; Each Lender
may, at its option, make any Loan available to any Subsidiary Borrower by causing any foreign or domestic branch or Affiliate of such
Lender to make such Loan; <U>provided</U> that any exercise of such option shall not increase the costs to such Subsidiary Borrower with
respect to such Loan or affect the obligation of such Subsidiary Borrower to repay such Loan in accordance with the terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.03.&#8239;&#8239;
</FONT><B>Requests for Borrowings</B>. To request a Loan, the Parent Borrower (on its own behalf or on behalf of any other Borrower)
shall notify the Administrative Agent of such request by hand delivery, telecopy or (pursuant to procedures approved by the Administrative
Agent) electronic transmission to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent
and signed by the Parent Borrower (a)&nbsp;in the case of a Term Benchmark Borrowing denominated in dollars, not later than 11:00 a.m.,
New York&nbsp;City time, three U.S. Government Securities Business Days before the date of the proposed Borrowing, (b)&nbsp;in the case
of a Term Benchmark Borrowing denominated in an Alternative Currency, not later than 11:00 a.m., New York City time, four Business Days
before the date of the proposed Borrowing, or (c)&#8239;&#8239;in the case of an ABR Borrowing, not later than 1:00 p.m., New York&nbsp;City
time, on the date of the proposed Borrowing. Each such Borrowing Request shall be irrevocable and shall specify the following information
in compliance with Section&nbsp;2.02:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;
the Borrower of the requested Borrowing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;
the aggregate amount of such Borrowing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;
the date of such Borrowing, which shall be a Business Day;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;
whether such Borrowing is to be an ABR Borrowing or a Term Benchmark Borrowing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(v)&#8239;&#8239;&#8239;
in the case of a Term Benchmark Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated
by the definition of the term &ldquo;Interest Period&rdquo;;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vi)&#8239;&#8239;&#8239;
in the case of a Term Benchmark Borrowing, the currency in which such Borrowing is to be denominated; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vii)&#8239;&#8239;&#8239;
the location and number of the applicable Borrower&rsquo;s account to which funds are to be disbursed, which shall comply with the requirements
of Section&nbsp;2.05.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If no election as to the Type of Borrowing is
specified, then the requested Borrowing (i)&nbsp;if such Borrowing is to be denominated in dollars, shall be an ABR Borrowing and (ii)&nbsp;if
such Borrowing is to be denominated in an Alternative Currency, shall be a Term Benchmark Borrowing. If no election as to the currency
of the requested Borrowing is specified, then the requested Borrowing shall be denominated in dollars. If no Interest Period is specified
with respect to any requested Term Benchmark Borrowing, then the Parent Borrower shall be deemed to have selected an Interest Period
of one month&rsquo;s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative
Agent shall advise each Lender of the details thereof and of the amount of such Lender&rsquo;s Loan to be made as part of the requested
Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding the foregoing, in no event shall
the Borrower be permitted to request pursuant to this Section&nbsp;2.03, a CBR Loan or, prior to a Benchmark Transition Event and Benchmark
Replacement Date with respect to the Term SOFR Rate, an RFR Loan bearing interest based on Daily Simple SOFR (it being understood and
agreed that a Central Bank Rate and Daily Simple SOFR shall only apply to the extent provided in Sections 2.06(e)&nbsp;(solely with respect
to the Central Bank Rate), 2.12(a)&nbsp;and 2.12(f)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.04.&#8239;&#8239;
</FONT><B>Letters of Credit</B>. (a)&#8239;&#8239;<U>Genera</U>l. Subject to the terms and conditions set forth herein, the Parent Borrower
may request the issuance of Letters of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit) in the form
of Commercial Letters of Credit or Standby Letters of Credit. Each Letter of Credit shall be issued for the account of the Parent Borrower
or jointly and severally for the account of the Parent Borrower and a Subsidiary (other than Ralph Lauren Europe S&agrave;rl), in a form
reasonably acceptable to the applicable Issuing Bank (<I>provided</I> that each Letter of Credit shall provide for payment against sight
drafts drawn thereunder), at any time and from time to time during the Availability Period. In the event of any inconsistency between
the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement
submitted by the Parent Borrower (or the Parent Borrower and a Subsidiary) to, or entered into by the Parent Borrower (or the Parent
Borrower and a Subsidiary) with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement
shall control. The letters of credit identified on Schedule 2.04 shall be deemed to be &ldquo;Letters of Credit&rdquo; issued on the
Effective Date for all purposes of the Loan Documents. No Issuing Bank shall at any time be obligated to issue any Letter of Credit if
such issuance would conflict with, or cause the Issuing Bank or any Lender to exceed any limits imposed by, any applicable Requirement
of Law. Notwithstanding anything herein to the contrary, no Issuing Bank shall have any obligation hereunder to issue, or shall issue,
any Letter of Credit the proceeds of which would be made available to any Person (i)&nbsp;to fund any activity or business of or with
any Sanctioned Person, or in any country or territory that, at the time of such funding, is the subject of any Sanctions or (ii)&nbsp;in
any manner that would result in a violation of any Sanctions by any party to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; <U>Notice of
Issuance, Amendment, Renewal, Extension; Certain Conditions</U>. To request the issuance of a Letter of Credit (or the amendment, renewal
or extension of an outstanding Letter of Credit), the Parent Borrower shall hand deliver, telecopy or (pursuant to procedures approved
by the applicable Issuing Bank) electronically transmit to the applicable Issuing Bank and, in the case of a Commercial Letter of Credit
if the Administrative Agent shall have so requested and in the case of all Standby Letters of Credit, the Administrative Agent (in the
case of (i)&nbsp;Letters of Credit denominated in dollars, reasonably in advance of the requested date of issuance, amendment, renewal
or extension, (ii)&nbsp;Letters of Credit denominated in Euros, prior to 12:00 noon, New York City time, three Business Days in advance
of the requested date of issuance, amendment, renewal or extension and (iii)&nbsp;Letters of Credit denominated in any Alternative Currencies
other than Euros, prior to 12:00 noon, New York City time, four Business Days in advance of the requested date of issuance, amendment,
renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed
or extended, and specifying the date of issuance, amendment, renewal or extension, the currency in which such Letter of Credit is to
be denominated (which shall be dollars or, subject to Section&nbsp;2.18, an Alternative Currency), the name and address of the beneficiary
thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit, <I>provided</I> that
in no event shall any Issuing Bank other than JPMorgan Chase Bank, N.A. or one or more other Issuing Banks designated from time to time
by the Parent Borrower and reasonably acceptable to the Administrative Agent issue any Alternative Currency Letter of Credit hereunder.
If requested by the applicable Issuing Bank, the Parent Borrower (or the Parent Borrower and a Subsidiary) also shall submit a letter
of credit application on such Issuing Bank&rsquo;s standard form in connection with any request for a Letter of Credit. A Letter of Credit
shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the
applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension
(i)&nbsp;the Dollar Equivalent of the LC Exposure with respect to Letters of Credit shall not exceed $50,000,000 and (ii)&nbsp;the total
Revolving Credit Exposures shall not exceed the total Commitments. Subsequent to the receipt by any Issuing Bank of a Notification Instruction
(as defined below) from the Administrative Agent which shall not have been withdrawn, such Issuing Bank will contact the Administrative
Agent prior to the issuance or increase in any Letter of Credit to determine whether or not such issuance or increase would result in
any of the limitations set forth in the preceding sentence being exceeded. For purposes of this Section&nbsp;2.04(b), a &ldquo;<U>Notification
Instruction</U>&rdquo; shall mean any instruction from the Administrative Agent requiring that an Issuing Bank make the calculations
described in the preceding sentence, which instruction the Administrative Agent (i)&nbsp;may deliver at any time when it determines that
the percentage which the aggregate Revolving Credit Exposures constitutes of the aggregate Commitments then in effect is greater than
80% and (ii)&nbsp;will withdraw when it determines that such percentage is equal to or less than 80%. For purposes of the third preceding
sentence the amount of any Alternative Currency Letter of Credit shall be the Dollar Equivalent thereof calculated on the basis of the
applicable Exchange Rate determined in accordance with Section&nbsp;1.05.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">An Issuing Bank shall not be under any obligation
to issue, amend or extend any Letter of Credit if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>any
order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Bank
from issuing, amending or extending such Letter of Credit, or request that such Issuing Bank refrain from issuing, amending or extending
such Letter of Credit, or any law applicable to such Issuing Bank shall prohibit, the issuance, amendment or extension of letters of
credit generally or such Letter of Credit in particular, or any such order, judgment or decree, or law shall impose upon such Issuing
Bank with respect to such Letter of Credit any restriction, reserve or capital or liquidity requirement (for which such Issuing Bank
is not otherwise compensated hereunder) not in effect on the Effective Date, or shall impose upon such Issuing Bank any unreimbursed
loss, cost or expense that was not applicable on the Effective Date and that such Issuing Bank in good faith deems material to it; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
issuance, amendment or extension of such Letter of Credit would violate one or more policies of such Issuing Bank applicable to letters
of credit generally</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; <U>Expiration
Date</U>. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i)&nbsp;the date one year after
the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or
extension) and (ii)&nbsp;the date that is five Business Days prior to the Maturity Date; <U>provided</U> that any Letter of Credit may
provide for the renewal thereof for additional periods not exceeding one year each pursuant to customary &ldquo;evergreen&rdquo; provisions
(which shall in no event extend beyond the date referred to in clause (ii)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; <U>Participations</U>.
By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action
on the part of the applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender, and each Lender hereby acquires
from such Issuing Bank, a participation in such Letter of Credit equal to such Lender&rsquo;s Applicable Percentage of the aggregate
amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Lender hereby absolutely
and unconditionally agrees to pay to the Administrative Agent in dollars, for the account of such Issuing Bank, such Lender&rsquo;s Applicable
Percentage of (i)&nbsp;each LC Disbursement made by such Issuing Bank in dollars and (ii)&nbsp;the Dollar Equivalent, using the Exchange
Rate at the time such payment is made, of each LC Disbursement made by such Issuing Bank in an Alternative Currency and, in each case,
not reimbursed by the Parent Borrower (or a Subsidiary) on the date due as provided in paragraph (e)&nbsp;of this Section, or of any
reimbursement payment required to be refunded to the Parent Borrower (or a Subsidiary) for any reason. Each such payment shall be made
without any offset, abatement, withholding or reduction whatsoever. Each Lender acknowledges and agrees that its obligation to acquire
participations pursuant to this paragraph in respect of Letters of Credit and to make payments in respect of such acquired participations
are absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension
of any Letter of Credit, the occurrence and continuance of a Default or failure to satisfy any of the conditions set forth in Article&nbsp;IV,
the reduction or termination of the Commitments, any setoff, counterclaim, recoupment, defense or other right that such Lender may have
against the Issuing Bank, any Borrower or any other Person for any reason whatsoever, any adverse change in the condition (financial
or otherwise) of any Borrower, any breach of this Agreement or any other Loan Document by the Borrower or any other Loan Party or any
other Lender or any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing and that each such
payment shall be made without any offset, abatement, withholding or reduction whatsoever.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; <U>Reimbursement</U>.
If any Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Parent Borrower (or the Subsidiary that is jointly
and severally liable with respect to such Letter of Credit) shall reimburse such LC Disbursement by paying to such Issuing Bank an amount
equal to such LC Disbursement in dollars, on the date that such LC Disbursement is made (or, if such date is not a Business Day, on or
before the next Business Day); <U>provided</U> that, if such LC Disbursement is made under an Alternative Currency Letter of Credit,
automatically and with no further action required, the Parent Borrower&rsquo;s (or such Subsidiary&rsquo;s) obligation to reimburse the
applicable LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Equivalent, calculated using the
Exchange Rate at the time such payment is made, of such LC Disbursement, and <I>provided</I>, <I>further</I>, that, in the case of any
such reimbursement obligation which is in an amount of not less than $500,000, the Parent Borrower may, subject to the conditions to
borrowing set forth herein, request in accordance with Section&nbsp;2.03 that such payment be financed in dollars with an ABR Borrowing
in the Dollar Equivalent amount and, to the extent so financed, the Parent Borrower&rsquo;s (and such Subsidiary&rsquo;s) obligation
to make such payment shall be discharged and replaced by the resulting ABR Borrowing. If the Parent Borrower (or such Subsidiary) fails
to make when due any reimbursement payment required pursuant to this paragraph, the applicable Issuing Bank shall immediately notify
the Administrative Agent, which shall promptly notify each Lender of the applicable LC Disbursement, the Dollar Equivalent thereof calculated
in accordance with the preceding sentence (if such LC Disbursement relates to an Alternative Currency Letter of Credit), the reimbursement
payment then due from the Parent Borrower (or such Subsidiary) in respect thereof and such Lender&rsquo;s Applicable Percentage thereof.
Promptly following receipt of such notice, each Lender (other than such Issuing Bank) shall pay to the Administrative Agent in dollars
its Applicable Percentage of the reimbursement payment then due from the Parent Borrower (or such Subsidiary), in the same manner as
provided in Section&nbsp;2.05 with respect to Loans made by such Lender (and Section&nbsp;2.05 shall apply, <U>mutatis mutandis</U>,
to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to such Issuing Bank in dollars the amounts
so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from the Parent Borrower (or
such Subsidiary) pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or,
to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such
Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for
any LC Disbursement (other than the funding of ABR Loans or RFR Loans as contemplated above) shall not constitute a Loan and shall not
relieve the Parent Borrower (and such Subsidiary) of its obligation to reimburse such LC Disbursement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239; <U>Letter of
Credit Fees</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;
<U>Commercial Letter of Credit Fee</U>. The Parent Borrower (or the Subsidiary that is jointly and severally liable with respect to the
Letter of Credit in question) agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank and the Lenders,
a Commercial Letter of Credit fee calculated at the rate per annum equal to the Applicable Rate applicable to Commercial Letters of Credit
from time to time in effect on the aggregate average daily amount available to be drawn (calculated, in the case of any Alternative Currency
Letter of Credit, on the basis of the Dollar Equivalent thereof using the applicable Exchange Rate in effect on the date payment of such
fee is due) under each Commercial Letter of Credit issued hereunder. Commercial Letter of Credit Fees accrued through and including the
last day of March, June, September&nbsp;and December&nbsp;of each year shall be payable in arrears on the fifteenth (15th) calendar day
following such last day, commencing on the first such date to occur after the date hereof. The Administrative Agent will promptly pay
to the Issuing Banks and the Lenders their pro rata shares of any amounts received from the Parent Borrower (or such Subsidiary) in respect
of any such fees. Commercial Letter of Credit fees shall be computed on the basis of a year of 360 days and shall be payable for the
actual number of days elapsed (including the first day but excluding the last day).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;
<U>Standby Letter of Credit Fees</U>. The Parent Borrower (or the Subsidiary that is jointly and severally liable with respect to the
Letter of Credit in question) agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank and the Lenders,
a Standby Letter of Credit fee calculated at the rate per annum equal to the Applicable Rate applicable to Term Benchmark Loans from
time to time in effect on the aggregate average daily amount available to be drawn (calculated, in the case of any Alternative Currency
Letter of Credit, on the basis of the Dollar Equivalent thereof using the applicable Exchange Rate in effect on the date payment of such
fee is due) under each Standby Letter of Credit issued hereunder (and in no event less than $500 with respect to each such Standby Letter
of Credit). Standby Letter of Credit Fees accrued through and including the last day of March, June, September&nbsp;and December&nbsp;of
each year shall be payable in arrears on the fifteenth (15) calendar day following such last day, commencing on the first such date to
occur after the date hereof. The Administrative Agent will promptly pay to the Issuing Banks and the Lenders their pro rata shares of
any amounts received from the Parent Borrower (or such Subsidiary) in respect of any such fees. Standby Letter of Credit fees shall be
computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding
the last day).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239;&#8239; <U>Obligations
Absolute</U>. The obligation of the Parent Borrower (or the Subsidiary that is jointly and severally liable with respect to the Letter
of Credit in question) to reimburse LC Disbursements as provided in paragraph&nbsp;(e)&nbsp;of this Section&nbsp;shall be absolute, unconditional
and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever
and irrespective of (i)&nbsp;any lack of validity or enforceability of any Letter of Credit, any application for the issuance of a Letter
of Credit or this Agreement, or any term or provision therein, (ii)&nbsp;any draft or other document presented under a Letter of Credit
proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii)&nbsp;payment
by the applicable Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the
terms of such Letter of Credit, (iv)&nbsp;any other event or circumstance whatsoever, whether or not similar to any of the foregoing,
that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against,
the Parent Borrower&rsquo;s (or such Subsidiary&rsquo;s) obligations hereunder or (v)&nbsp;any adverse change in the relevant exchange
rates or in the availability of the relevant Alternative Currency to the Parent Borrower or any Subsidiary or in the relevant currency
markets generally. Neither the Administrative Agent, the Lenders nor any Issuing Bank, nor any of their Related Parties, shall have any
liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure
to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission,
interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of
Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence
arising from causes beyond the control of the applicable Issuing Bank. Notwithstanding the foregoing, nothing in this Section&nbsp;2.04(g)&nbsp;shall
be construed to excuse such Issuing Bank, the Lenders or the Administrative Agent from liability to the Parent Borrower (or such Subsidiary)
to the extent of any direct damages (as opposed to special, indirect, consequential or punitive damages, claims in respect of which are
hereby waived by the Parent Borrower (and such Subsidiary) to the extent permitted by applicable law) suffered by the Parent Borrower
(or such Subsidiary) that are caused by (x)&nbsp;such Issuing Bank&rsquo;s failure to exercise care when determining whether drafts and
other documents presented under a Letter of Credit comply with the terms thereof or (y)&nbsp;the gross negligence, bad faith or willful
misconduct of such Issuing Bank, the Lenders or the Administrative Agent as found by a final, non-appealable judgment of a court of competent
jurisdiction. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing
Bank (as finally determined by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such
determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents
presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, an Issuing Bank may, in its
sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any
notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance
with the terms of such Letter of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&#8239;&#8239; <U>Disbursement
Procedures</U>. The applicable Issuing Bank shall, within the time allowed by applicable law or the specific terms of the Letter of Credit
following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing
Bank shall promptly notify after such examination the Administrative Agent and the Parent Borrower (and the Subsidiary that is jointly
and severally liable with respect to the Letter of Credit in question, if applicable) in writing (by hand delivery, telecopy or (pursuant
to procedures approved by the Administrative Agent) electronic transmission) of such demand for payment and whether such Issuing Bank
has made or will make an LC Disbursement thereunder; <U>provided</U> that any failure to give or delay in giving such notice shall not
relieve the Parent Borrower (or the Subsidiary that is jointly and severally liable with respect to the Letter of Credit in question)
of its obligation to reimburse such Issuing Bank and the Lenders with respect to any such LC Disbursement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&#8239;&#8239; <U>Interim
Interest</U>. If an Issuing Bank shall make any LC Disbursement, then, unless the Parent Borrower (or the Subsidiary that is jointly
and severally liable with respect to the Letter of Credit in question) shall reimburse such LC Disbursement in full on the date such
LC Disbursement is made, including by financing such payment obligation with an ABR Loan in accordance with paragraph (e)&nbsp;of this
Section&nbsp;(or, if such date is not a Business Day, on or prior to the next Business Day), the unpaid amount thereof shall bear interest,
for each day from and including the date such LC Disbursement is made to but excluding the date that the Parent Borrower (or such Subsidiary)
reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans or RFR Loans; <U>provided</U> that, if the Parent
Borrower (or such Subsidiary) fails to reimburse such LC Disbursement when due (including by financing such payment obligation with an
ABR Loan) pursuant to paragraph&nbsp;(e)&nbsp;of this Section, then Section&nbsp;2.11(d)&nbsp;shall apply; and <I>provided</I>, <I>further</I>,
that, in the case of an LC Disbursement made under an Alternative Currency Letter of Credit, the amount of interest due with respect
thereto shall accrue on the Dollar Equivalent, calculated using the Exchange Rate at the time such LC Disbursement was made, of such
LC Disbursement. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest
accrued on and after the date of payment by any Lender pursuant to paragraph (e)&nbsp;of this Section&nbsp;to reimburse such Issuing
Bank shall be for the account of such Lender to the extent of such payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)&#8239;&#8239; <U>Replacement
and Resignation of any Issuing Bank</U>. Any Issuing Bank may be replaced at any time by written agreement among the Parent Borrower,
the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders
of any such replacement of such Issuing Bank. At the time any such replacement shall become effective, the Parent Borrower shall pay
all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section&nbsp;2.04(f)&nbsp;and 2.10(b). From and after
the effective date of any such replacement, (i)&nbsp;the successor Issuing Bank shall have all the rights and obligations of such Issuing
Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii)&nbsp;references herein to the term &ldquo;Issuing
Bank&rdquo; shall be deemed to include a reference to such successor or to any previous Issuing Bank, or to such successor and all previous
Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain
a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters
of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit or extend or otherwise
amend an existing Letter of Credit. Subject to the appointment and acceptance of a successor Issuing Bank, any Issuing Bank may resign
as an Issuing Bank at any time upon 30 days&rsquo; prior written notice to the Administrative Agent, the Borrower and the Lenders, in
which case, such resigning Issuing Bank shall be replaced in accordance with this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(k)&#8239;&#8239; <U>Cash Collateralization</U>.
If any Event of Default shall occur and be continuing, on the Business Day that the Parent Borrower receives notice from the Administrative
Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure representing greater than
50% of the then total LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph, the Parent Borrower shall deposit
in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in
dollars and in cash equal to the LC Exposure as of such date plus any accrued and unpaid interest thereon; <U>provided</U> that (i)&nbsp;the
portions of such amount attributable to undrawn Alternative Currency Letters of Credit shall be deposited in the applicable Alternative
Currencies in the actual amounts of such undrawn Letters of Credit and (ii)&nbsp;the obligation to deposit such cash collateral shall
become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind,
upon the occurrence of any Event of Default with respect to the Parent Borrower described in paragraph &nbsp;(h)&nbsp;or (i)&nbsp;of
Article&nbsp;VII. Each deposit pursuant to this paragraph shall be held by the Administrative Agent as collateral for the payment and
performance of the obligations of the Parent Borrower (and any Subsidiary for whose account a Letter of Credit has been issued) under
this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over
such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole
discretion of the Administrative Agent and at the Parent Borrower&rsquo;s risk and expense, such deposits shall not bear interest. Interest
or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative
Agent to reimburse the Issuing Banks for LC Disbursements for which they have not been reimbursed (to be applied ratably among them according
to the respective aggregate amounts of the then unreimbursed LC Disbursements) and, to the extent not so applied, shall be held for the
satisfaction of the reimbursement obligations of the Parent Borrower (and each such Subsidiary) for the LC Exposure at such time or,
if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC Exposure representing greater than 50%
of the then total LC Exposure), be applied to satisfy other obligations of the Parent Borrower (and each such Subsidiary) under this
Agreement. If the Parent Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event
of Default or, in accordance with Section&nbsp;2.09(c), the total Revolving Credit Exposure exceeding 105% of the total Commitments,
such amount (to the extent not applied as aforesaid) shall be returned to the Parent Borrower within three Business Days after all Events
of Default have been cured or waived or, as the case may be, the total Revolving Credit Exposure not exceeding the total Commitments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(l)&#8239;&#8239; <U>Additional
Issuing Banks</U>. The Parent Borrower may, at any time and from time to time with the consent of the Administrative Agent (which consent
shall not be unreasonably withheld) and such Lender, designate one or more additional Lenders to act as an issuing bank under the terms
of this Agreement, <I>provided</I> that the total number of Issuing Banks at any time shall not exceed four. Any Lender designated as
Issuing Bank pursuant to this paragraph (l)&nbsp;shall be deemed to be an &ldquo;Issuing Bank&rdquo; for the purposes of this Agreement
(in addition to being a Lender) with respect to Letters of Credit issued by such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(m)&#8239;&#8239; <U>Reporting</U>.
Unless the Administrative Agent otherwise agrees, each Issuing Bank will report in writing to the Administrative Agent, with a copy to
the Parent Borrower, (i)&nbsp;on the first Business Day of each week and on the second Business Day to occur after the last day of each
March, June, September&nbsp;and December, and on such other dates as the Administrative Agent may reasonably request, the daily activity
during the preceding week, calendar quarter or other period, as the case may be, with respect to Letters of Credit issued by it, including
the aggregate outstanding LC Exposure with respect to such Letters of Credit on each day during such week, quarter or other period, in
such form and detail as shall be satisfactory to the Administrative Agent, (ii)&nbsp;on any Business Day on which the Parent Borrower
fails to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and the amount
of such LC Disbursement and (iii)&nbsp;such other information with respect to Letters of Credit issued by such Issuing Bank as the Administrative
Agent may reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(n)&#8239;&#8239; <U>Letters
of Credit Issued for Account of Subsidiaries</U>. Notwithstanding that a Letter of Credit issued or outstanding hereunder supports any
obligations of, or is for the account of, a Subsidiary, or states that a Subsidiary is the &ldquo;account party,&rdquo; &ldquo;applicant,&rdquo;
 &ldquo;customer,&rdquo; &ldquo;instructing party,&rdquo; or the like of or for such Letter of Credit, and without derogating from any
rights of the applicable Issuing Bank (whether arising by contract, at law, in equity or otherwise) against such Subsidiary in respect
of such Letter of Credit, the Parent Borrower (i)&nbsp;shall reimburse, indemnify and compensate the applicable Issuing Bank hereunder
for such Letter of Credit (including to reimburse any and all drawings thereunder) as if such Letter of Credit had been issued solely
for the account of the Parent Borrower and (ii)&nbsp;irrevocably waives any and all defenses that might otherwise be available to it
as a guarantor or surety of any or all of the obligations of such Subsidiary in respect of such Letter of Credit. The Parent Borrower
hereby acknowledges that the issuance of such Letters of Credit for its Subsidiaries inures to the benefit of the Parent Borrower, and
that the Parent Borrower&rsquo;s business derives substantial benefits from the businesses of such Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.05.&#8239;&#8239;
</FONT><B>Funding of Borrowings</B>. (a)&#8239;&#8239;Each Lender shall make each Loan to be made by it hereunder on the proposed date
thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account of the Administrative Agent
most recently designated by it for such purpose by notice to the Lenders; provided that if an ABR Borrowing is requested for disbursement
on the same day after 11:00 a.m., New York time, then each Lender shall make the Loan to be made by it hereunder in such manner by 3:00
p.m., New York City time. The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the
amounts so received, in like funds, to an account of the applicable Borrower maintained with the Administrative Agent and designated
by the Parent Borrower in the applicable Borrowing Request; <U>provided</U> that ABR Loans or RFR Loans made to finance the reimbursement
of an LC Disbursement as provided in Section&nbsp;2.04(e)&nbsp;shall be remitted by the Administrative Agent to the applicable Issuing
Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; Unless the
Administrative Agent shall have received notice from a Lender prior to the proposed time of any Borrowing that such Lender will not make
available to the Administrative Agent such Lender&rsquo;s share of such Borrowing, the Administrative Agent may assume that such Lender
has made such share available at such time in accordance with paragraph (a)&nbsp;of this Section&nbsp;and may, in reliance upon such
assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact made its share
of the applicable Borrowing available to the Administrative Agent, then the applicable Lender agrees to pay to the Administrative Agent
forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available
to the applicable Borrower to but excluding the date of payment to the Administrative Agent, at in the case of such Lender, the greater
of the applicable Overnight Rate and a rate determined by the Administrative Agent in accordance with banking industry rules&nbsp;on
interbank compensation. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender&rsquo;s
Loan included in such Borrowing. If such Lender&rsquo;s share of such Borrowing is not made available to the Administrative Agent by
such Lender within three Business Days after the date such amount is made available to the applicable Borrower, the Administrative Agent
shall promptly notify the Parent Borrower and any other applicable Borrower of such failure and shall also be entitled to recover such
amount from the applicable Borrower, on demand, with interest thereon at the rate per annum applicable to ABR Loans or RFR Loans hereunder
accruing from the date of such Borrowing. If the Parent Borrower or the applicable Borrower shall pay to the Administrative Agent such
corresponding amount, the Parent Borrower and such applicable Borrower shall have no further obligations to such Lender with respect
to such amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.06.&#8239;&#8239;
</FONT><B>Interest Elections</B>. (a)&#8239;&#8239; Each Borrowing initially shall be of the Type and currency specified in the applicable
Borrowing Request and, in the case of a Term Benchmark Borrowing, shall have an initial Interest Period as specified in such Borrowing
Request. Thereafter, the Parent Borrower (on its own behalf or on behalf of any other Borrower) may elect to convert such Borrowing (i)&nbsp;in
the case of a Term Benchmark Borrowing denominated in dollars, to an ABR Borrowing; or (ii)&nbsp;in the case of an ABR Borrowing, to
a Term Benchmark Borrowing denominated in dollars or to continue such Borrowing in the same currency and, in the case of a Term Benchmark
Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Parent Borrower (on behalf of itself or any other
Borrower) may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall
be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall
be considered a separate Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; To make an
election pursuant to this Section, the Parent Borrower (on its own behalf or on behalf of another Borrower) shall notify the Administrative
Agent of such election by hand delivery, telecopy or electronic transmission (pursuant to procedures approved by the Administrative Agent)
to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the Parent
Borrower by the time that a Borrowing Request would be required under Section&nbsp;2.03 if the Parent Borrower were requesting a Borrowing
of the Type resulting from such election to be made on the effective date of such election. Each such Interest Election Request shall
be irrevocable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; Each Interest
Election Request shall specify the following information in compliance with Section&nbsp;2.02:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;
the Agreed Currency and principal amount of Borrowing to which such Interest Election Request applies and, if different options are being
elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the
information to be specified pursuant to clauses (iii)&nbsp;and (iv)&nbsp;below shall be specified for each resulting Borrowing);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;
the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;
whether the resulting Borrowing is to be an ABR Borrowing (in the case of Borrowings denominated in Dollars) or a Term Benchmark Borrowing;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;
if the resulting Borrowing is a Term Benchmark Borrowing, the Interest Period to be applicable thereto after giving effect to such election,
which shall be a period contemplated by the definition of the term &ldquo;Interest Period&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If any such Interest Election Request requests
a Term Benchmark Borrowing but does not specify an Interest Period, then the Parent Borrower (on its own behalf or on behalf of another
Borrower) shall be deemed to have selected an Interest Period of one month&rsquo;s duration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding the foregoing, in no event shall
the Borrower be permitted to request pursuant to this Section&nbsp;2.08(c)&nbsp;a CBR Loan or, prior to a Benchmark Transition Event
and Benchmark Replacement Date with respect to the Term SOFR Rate, an RFR Loan bearing interest based on Daily Simple SOFR (it being
understood and agreed that a Central Bank Rate and Daily Simple SOFR shall only apply to the extent provided in Sections 2.06(e)&nbsp;(solely
with respect to the Central Bank Rate), 2.12(a)&nbsp;and 2.12(f)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; Promptly following
receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender&rsquo;s
portion of each resulting Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; If the Parent
Borrower (on its own behalf or on behalf of another Borrower) fails to deliver a timely Interest Election Request with respect to a Term
Benchmark Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein,
at the end of such Interest Period such Borrowing (i)&nbsp;if denominated in dollars, shall be converted to an ABR Borrowing and (ii)&nbsp;if
denominated in an Alternative Currency, shall be converted to a one month Interest Period denominated in the same currency as the Term
Benchmark Borrowing being continued. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing
and the Administrative Agent, at the request of the Required Lenders, so notifies the Parent Borrower, then, so long as such Event of
Default is continuing (i)&nbsp;no outstanding Borrowing denominated in dollars may be converted to or continued as a Term Benchmark Borrowing
and (ii)&nbsp;unless repaid, (x)&nbsp;each Term Benchmark Borrowing denominated in dollars shall be converted to an ABR Borrowing at
the end of the Interest Period applicable thereto and (y)&nbsp;each Term Benchmark Borrowing and each RFR Borrowing, in each case denominated
in an Alternative Currency shall bear interest at the Central Bank Rate (or in the case of the Yen, the Japanese Prime Rate) for the
applicable Agreed Currency plus the CBR Spread; provided that, if the Administrative Agent determines (which determination shall be conclusive
and binding absent manifest error) that the Central Bank Rate (or in the case of the Yen, the Japanese Prime Rate) for the applicable
Agreed Currency cannot be determined, any outstanding affected Term Benchmark Loans denominated in any Agreed Currency other than Dollars
shall either be (A)&nbsp;converted to an ABR Borrowing denominated in Dollars (in an amount equal to the Dollar Equivalent of such Alternative
Currency) at the end of the Interest Period, as applicable, therefor or (B)&nbsp;prepaid at the end of the applicable Interest Period,
as applicable, in full; provided that if no election is made by the Borrower by the earlier of (x)&nbsp;the date that is three Business
Days after receipt by the Borrower of such notice and (y)&nbsp;the last day of the current Interest Period for the applicable Term Benchmark
Loan, the Borrower shall be deemed to have elected clause (A)&nbsp;above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239; By entering
into this Agreement, the parties hereto have assumed in good faith that the interest payable at the rates specified in this Agreement
is not and will not be subject to any Tax deduction on account of Swiss Withholding Tax. Nevertheless, if a Tax deduction on account
of Swiss Withholding Tax is required by Swiss law to be made by a Swiss Borrower in respect of any interest payable by it under a Loan
Document and should it be unlawful for a Swiss Borrower to comply with Section&nbsp;2.15 for any reason, and if the gross-up in accordance
with Section&nbsp;2.15 is effectively not paid: (i)&nbsp;the applicable interest rate in relation to that interest payment shall be (A)&nbsp;the
interest rate which would have applied to that interest payment in the absence of this Section&nbsp;2.06(f), <I>divided</I> by (B)&nbsp;one
<I>minus</I> the rate at which the relevant deduction on account of Swiss Withholding Tax is required to be made (where the rate at which
the relevant deduction on account of Swiss Withholding Tax is required to be made is for this purpose expressed as a fraction of one
rather than as a percentage); (ii)&nbsp;(A)&nbsp;a Swiss Borrower shall be obliged to pay the relevant interest at the adjusted rate
as set forth in this Section&nbsp;2.06(f), and (B)&nbsp;a Swiss Borrower shall make the deduction on account of Swiss Withholding Tax
(within the time allowed and at the minimum amount required by law) on the interest so recalculated; and (iii)&nbsp;all references to
a rate of interest under a Loan Document applicable to a Swiss Borrower shall be construed accordingly. To the extent that interest payable
by a Swiss Borrower under this Agreement becomes subject to a deduction of Swiss Withholding Tax, each relevant Lender and the Swiss
Borrower shall promptly cooperate in completing any procedural formalities (including submitting forms and documents required by the
appropriate Tax authority) to the extent possible and necessary for the Swiss Borrower to obtain authorization to make interest payments
without them being subject to such deduction of Swiss Withholding Tax or to reduce the applicable withholding tax rate. If a Swiss Borrower
pays the interest recalculated under this Section&nbsp;2.06(f), the Swiss Borrower shall cooperate with each relevant Lender to enable
that Lender to receive a full or partial refund of the Swiss Withholding Tax under an applicable double taxation treaty. In the event
Swiss Withholding Tax is refunded to a Lender by the Swiss Federal Tax Administration, the relevant Lender shall immediately forward
such amount to the Swiss Borrower. This Section&nbsp;2.06(f)&nbsp;shall not apply and no interest shall be recalculated pursuant to this
Section&nbsp;2.06(f)&nbsp;if a deduction of Swiss Withholding Tax is due as a result of any non-compliance by a Lender with the provisions
of Section&nbsp;10.04 or assignments or transfers of rights and obligations under this Agreement after the occurrence of an Event of
Default to which the Parent Borrower has not consented to resulting in a breach of the Swiss Non-Bank Rules&nbsp;or a Lender (i)&nbsp;making
a misrepresentation as to its status according to Section&nbsp;1.07 as a Swiss Qualifying Bank or as (only) one Swiss Permitted Non-Qualifying
Bank or (ii)&nbsp;ceasing to be a Swiss Qualifying Bank or as (only) one Swiss Permitted Non-Qualifying Bank after the time it acceded
to this Agreement. Notwithstanding anything to the contrary herein, for the avoidance of doubt, (i)&nbsp;a Lender who is not treated
as not being a Swiss Qualifying Bank shall not be under any obligation to change its status into a Swiss Qualifying Bank, (ii)&nbsp;the
documentation which a Lender executes on becoming a party hereto shall not be invalidated by any failure of a Lender to comply with this
Section&nbsp;2.06(f), Section&nbsp;10.04 or Section&nbsp;1.07 and (iii)&nbsp;none of the Loan Documents shall be invalidated by any failure
of a Lender to comply with this Section&nbsp;2.06(f), Section&nbsp;10.04(b)(i)(A)&nbsp;or Section&nbsp;1.07 or indicates its status as
a Swiss Qualifying Bank or Swiss Permitted Non-Qualifying Bank as unknown.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.07.&#8239;&#8239;
</FONT><B>Termination and Reduction of Commitments</B>. (a)&#8239;&#8239;Unless previously terminated in accordance with this Agreement,
the Commitments shall terminate on the Maturity Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; The Parent
Borrower may at any time terminate, or from time to time reduce, the Commitments; <U>provided</U> that (i)&nbsp;each reduction of the
Commitments shall be in an amount that is an integral multiple of $100,000 and not less than $1,000,000, or, if less than $1,000,000,
the remaining amount of the total Commitments, and (ii)&nbsp;the Parent Borrower shall not terminate or reduce the Commitments if, after
giving effect to any concurrent prepayment of the Loans in accordance with Section&nbsp;2.09, the total Revolving Credit Exposures would
exceed the total Commitments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; The Parent
Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph&nbsp;(b)&nbsp;of
this Section&nbsp;at least two Business Days prior to the effective date of such termination or reduction, specifying such election and
the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents
thereof. Each notice delivered by the Parent Borrower pursuant to this Section&nbsp;shall be irrevocable; <U>provided</U> that a notice
of termination of the Commitments delivered by the Parent Borrower may state that such notice is conditioned upon another event, such
as the effectiveness of other credit facilities, in which case such notice may be revoked by the Parent Borrower (by notice to the Administrative
Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments
shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.08.&#8239;&#8239;
</FONT><B>Repayment&nbsp;of Loans; Evidence of Debt</B>. (a)&#8239;&#8239;Each Borrower hereby unconditionally promises to pay to the Administrative
Agent for the account of each Lender the then unpaid principal amount of each Loan made to such Borrower on the Maturity Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; Each Lender
shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender
resulting from each Loan made by such Lender to such Borrower, including the amounts of principal and interest payable and paid to such
Lender from time to time hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; The Administrative
Agent shall maintain a Register pursuant to Section&nbsp;10.04(b)(iv)&nbsp;and an account for each Lender in which it shall record (i)&nbsp;the
amount of each Loan made hereunder, the Type and currency thereof and the Interest Period applicable thereto, (ii)&nbsp;the amount of
any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder and (iii)&nbsp;the
amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender&rsquo;s share thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; The entries
made in the accounts and Register maintained pursuant to paragraph&nbsp;(b)&nbsp;or&nbsp;(c)&nbsp;of this Section&nbsp;shall be <U>prima
facie</U> evidence of the existence and amounts of the obligations recorded therein; <U>provided</U> that the failure of any Lender or
the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of any Borrower
to repay the Loans in accordance with the terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; Any Lender
may request that Loans made by it be evidenced by a promissory note. In such event, the applicable Borrower shall prepare, execute and
deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its
registered assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest
thereon shall at all times (including after assignment pursuant to Section&nbsp;10.04) be represented by one or more promissory notes
in such form payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its
registered assigns).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.09.&#8239;&#8239;
</FONT><B>Prepayment of Loans</B>. (a)&#8239;&#8239;Each Borrower shall have the right at any time and from time to time to prepay voluntarily
any Borrowing made to such Borrower in whole or in part without premium or penalty, subject to prior notice in accordance with paragraph
(b)&nbsp;of this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; The Parent
Borrower (on its own behalf or on behalf of any other Borrower) shall notify the Administrative Agent in writing (by hand delivery, telecopy
or (pursuant to procedures approved by the Administrative Agent) electronic transmission) of any voluntary prepayment hereunder (i)(x)&nbsp;in
the case of prepayment of (1)&nbsp;a Term Benchmark Revolving Borrowing denominated in Dollars, not later than 11:00 a.m., New York City
time, three Business Days before the date of prepayment or (2)&nbsp;an RFR Revolving Borrowing denominated in Dollars, not later than
11:00 a.m., New York City time, five Business Days before the date of prepayment and (y)&nbsp;in the case of prepayment of a Term Benchmark
Revolving Borrowing denominated in Euros or Yen, not later than 11:00 a.m., New York City time, four Business Days before the date of
prepayment or (ii)&nbsp;in the case of prepayment of an ABR Revolving Borrowing, not later than 11:00 a.m., New York City time, one Business
Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount
of each Borrowing or portion thereof to be prepaid and whether the prepayment is of Term Benchmark Loans, ABR Loans, RFR Loans or a combination
thereof, and, if of a combination thereof, the amount allocable to each; <U>provided</U> that, if a notice of voluntary prepayment is
given in connection with a conditional notice of termination of the Commitments as contemplated by Section&nbsp;2.07, then such notice
of prepayment may be revoked if such notice of termination is revoked in accordance with Section&nbsp;2.07. Promptly following receipt
of any such notice the Administrative Agent shall advise the Lenders of the contents thereof. Each partial voluntary prepayment of any
Borrowing shall be in an aggregate principal amount of $500,000 or a multiple of $100,000 in excess thereof (or the Dollar Equivalent
thereof). Each voluntary prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; If on any Exchange
Rate Date the Administrative Agent determines that the total Revolving Credit Exposure exceeds 105% of the total Commitments, the Borrowers
shall within three Business Days after such date, prepay Loans and/or deposit cash collateral in an account with the Administrative Agent
established and maintained in accordance with Section&nbsp;2.04(k)&nbsp;in an aggregate amount such that, after deducting therefrom the
amount so prepaid and/or so deposited in such account, the total Revolving Credit Exposure does not exceed the total Commitments. The
Administrative Agent shall promptly release any collateral theretofore deposited with it pursuant to this Section&nbsp;2.09 to the extent
that on any Exchange Rate Date the total Revolving Credit Exposure does not exceed the total Commitments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; Prepayments
shall be accompanied by accrued interest to the extent required by Section&nbsp;2.11 and any amounts payable pursuant to Section&nbsp;2.14.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.10.&#8239;&#8239;
</FONT><B>Fees</B>. (a)&#8239;&#8239;The Parent Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment
fee for the period from and including the Effective Date to the last day of the Availability Period, computed at the Applicable Rate
on the average daily amount of the Available Commitment of such Lender during the period for which payment is made. Commitment fees accrued
through and including the last day of March, June, September&nbsp;and December&nbsp;of each year shall be payable on the fifteenth calendar
day following such last day, commencing on July&nbsp;15, 2023; <U>provided</U> that all such fees shall be payable on the date on which
the Commitments terminate and any such fees accruing after the date on which the Commitments terminate shall be payable on demand. All
commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including
the first day but excluding the last day).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; The Parent
Borrower agrees to pay to each Issuing Bank (i)&nbsp;the fees described in Section&nbsp;2.04(f)&nbsp;and (ii)&nbsp;the fees agreed upon
by the Parent Borrower with such Issuing Bank with respect to the issuance, amendment, renewal or extension of any Letter of Credit or
processing of drawings thereunder. For the avoidance of doubt, in any case where, in accordance with the second sentence of the definition
of Issuing Bank, an Issuing Bank arranges for one or more Letters of Credit to be issued by an Affiliate of such Issuing Bank, the fees
agreed upon by such Issuing Bank with the Parent Borrower shall be deemed to have been agreed upon by such Affiliate unless the Parent
Borrower and such Affiliate otherwise agree.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; The Parent
Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed
upon between the Parent Borrower and the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; All fees payable
hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to each Issuing Bank, in the
case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders. Except as may be
expressly agreed in writing between the Parent Borrower and the Administrative Agent with respect to fees to the Administrative Agent,
fees paid shall not be refundable under any circumstances (other than in the case, and to the extent, of any overpayment thereof by the
applicable Borrower).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.11.&#8239;&#8239;
</FONT><B>Interest </B>(a)&#8239;&#8239;The Loans comprising each ABR&nbsp;Borrowing shall bear interest at the Alternate Base Rate <I>plus
</I>the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; The Loans comprising
each Term Benchmark Borrowing shall bear interest&nbsp;in the case of a Term Benchmark Loan, at the Adjusted Term SOFR Rate, the Adjusted
EURIBOR Rate, the HKD Screen Rate or the Adjusted TIBOR Rate, as applicable, for the Interest Period in effect for such Borrowing <I>plus
</I>the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; Each RFR Loan
shall bear interest at a rate per annum equal to the applicable Adjusted Daily Simple RFR <I>plus</I> the Applicable Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; Notwithstanding
the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by the Borrower hereunder is not paid when
due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment,
at a rate per annum equal to (i)&#8239;&#8239;&#8239;&nbsp;in the case of overdue principal of any Loan, 2% plus the rate otherwise applicable
to such Loan as provided in the preceding paragraphs of this Section&nbsp;or (ii)&#8239;&#8239;&#8239;&nbsp;in the case of any other amount,
2% plus the rate applicable to ABR&nbsp;Loans as provided in paragraph&nbsp;(a)&nbsp;of this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; Accrued interest
on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, in the case of Revolving Loans, upon termination
of the Commitments; <I>provided</I> that (i)&#8239;&#8239;&#8239;&nbsp;interest accrued pursuant to paragraph&nbsp;(d)&nbsp;of this Section&nbsp;shall
be payable on demand, (ii)&#8239;&#8239;&#8239;&nbsp;in the event of any repayment or prepayment of any Loan (other than a prepayment of
an ABR&nbsp;Revolving Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall
be payable on the date of such repayment or prepayment and (iii)&#8239;&#8239;&#8239;&nbsp;in the event of any conversion of any Term Benchmark
Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of
such conversion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(f)&#8239;&#8239;
</FONT>Interest computed by reference to the Term SOFR Rate, the EURIBOR Rate or Daily Simple RFR with respect to Dollars hereunder shall
be computed on the basis of a year of 360 days. Interest computed by reference to the Japanese Prime Rate (if applicable), the TIBOR
Rate or the Alternate Base Rate only at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis
of a year of 365 days (or 366 days in a leap year). In each case interest shall be payable for the actual number of days elapsed (including
the first day but excluding the last day). All interest hereunder on any Loan shall be computed on a daily basis based upon the outstanding
principal amount of such Loan as of the applicable date of determination. A determination of the applicable Alternate Base Rate, Adjusted
Term SOFR Rate, Term SOFR Rate, Daily Simple SOFR, Adjusted EURIBOR Rate, EURIBOR Rate, HKD Screen Rate, Adjusted TIBOR Rate, TIBOR Rate,
Adjusted Daily Simple RFR or Daily Simple RFR shall be determined by the Administrative Agent, and such determination shall be conclusive
absent manifest error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.12.&#8239;&#8239;
</FONT><B>Alternate Rate of Interest</B>. (a)&#8239;&#8239;If, subject to the other provisions of this Section&nbsp;2.12,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&nbsp;the Administrative
Agent reasonably determines (which determination shall be conclusive absent manifest error) (A)&nbsp;prior to the commencement of any
Interest Period for a Term Benchmark Borrowing, that adequate and reasonable means do not exist for ascertaining the Adjusted Term SOFR
Rate, the Term SOFR Rate, the Adjusted EURIBOR Rate, the EURIBOR Rate, the HKD Screen Rate, the Adjusted TIBOR Rate or the TIBOR Rate
(including because the Relevant Screen Rate is not available or published on a current basis), for the applicable Agreed Currency and
such Interest Period or (B)&nbsp;at any time, that adequate and reasonable means do not exist for ascertaining the applicable Daily Simple
RFR or RFR for the applicable Agreed Currency; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(ii)&nbsp;</FONT>the
Administrative Agent is advised by the Required Lenders that (A)&nbsp;prior to the commencement of any Interest Period for a Term Benchmark
Borrowing, the Adjusted Term SOFR Rate, the Term SOFR Rate, the Adjusted EURIBOR Rate or the EURIBOR Rate, the HKD Screen Rate, the Adjusted
TIBOR Rate or the TIBOR Rate for the applicable Agreed Currency and 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 the applicable Agreed Currency
and such Interest Period or (B)&nbsp;at any time, the applicable Adjusted Daily Simple RFR for the applicable Agreed Currency 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 the applicable Agreed Currency;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">then
the Administrative Agent shall give notice thereof to the Parent Borrower (on its own behalf or on behalf of any other Borrower) and
the Lenders by telephone or telecopy as promptly as practicable thereafter and, until (x)&nbsp;the Administrative Agent notifies the
Parent Borrower and the Lenders that the circumstances giving rise to such notice no longer exist (which notice by Administrative Agent
shall be prompt in such circumstances) and (y)&nbsp;the Borrower delivers a new Interest Election Request in accordance with the terms
of Section&nbsp;2.06 or a new Borrowing Request in accordance with the terms of Section&nbsp;2.03, (A)&nbsp;for Loans denominated in
dollars, any Interest Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing
as, a Term Benchmark Borrowing and&nbsp;any Borrowing Request that requests a Term Benchmark Revolving Borrowing shall instead be deemed
to be an Interest Election Request or a Borrowing Request, as applicable, for (x)&nbsp;an RFR Borrowing denominated in Dollars so long
as the Adjusted Daily Simple RFR for Dollar Borrowings is not also the subject of Section&nbsp;2.12(a)(i)&nbsp;or (ii)&nbsp;above or
(y)&nbsp;an ABR Borrowing if the Adjusted Daily Simple RFR for Dollar Borrowings also is the subject of Section&nbsp;2.12(a)(i)&nbsp;or
(ii)&nbsp;above and (B)&nbsp;for Loans denominated in an Alternative Currency, any Interest Election Request that requests the conversion
of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Term Benchmark Borrowing and any Borrowing Request that
requests a Term Benchmark Borrowing or an RFR Borrowing, in each case, for the relevant Benchmark shall be ineffective; provided that&nbsp;if
the circumstances giving rise to such notice affect only one Type of Borrowings, then all other Types of Borrowings shall be permitted.
Furthermore</FONT>, if any Term Benchmark Loan or RFR Loan in any Agreed Currency is outstanding on the date of the Parent Borrower&rsquo;s
receipt of the notice from the Administrative Agent referred to in this Section&nbsp;2.12(a)&nbsp;with respect to a Relevant Rate applicable
to such Term Benchmark Loan or RFR Loan, then until (x)&nbsp;the Administrative Agent notifies the Parent Borrower and the Lenders that
the circumstances giving rise to such notice no longer exist with respect to the relevant Benchmark (which notice by Administrative Agent
shall be prompt in such circumstances) and (y)&nbsp;the Borrower delivers a new Interest Election Request in accordance with the terms
of Section&nbsp;2.06 or a new Borrowing Request in accordance with the terms of Section&nbsp;2.03, (A)&nbsp;for Loans denominated in
Dollars, (1)&nbsp;any Term Benchmark Loan shall on the last day of the Interest Period applicable to such Loan, be converted by the Administrative
Agent to, and shall constitute, (x)&nbsp;an RFR Borrowing denominated in Dollars so long as the Adjusted Daily Simple RFR for Dollar
Borrowings is not also the subject of Section&nbsp;2.12(a)(i)&nbsp;or (ii)&nbsp;above or (y)&nbsp;an ABR Loan if the Adjusted Daily Simple
RFR for Dollar Borrowings also is the subject of Section&nbsp;2.12(a)(i)&nbsp;or (ii)&nbsp;above, on such day, and (2)&nbsp;any RFR Loan
shall on and from such day be converted by the Administrative Agent to, and shall constitute an ABR Loan and (B)&nbsp;for Loans denominated
in an Alternative Currency, (1)&nbsp;any Term Benchmark Loan shall, on the last day of the Interest Period applicable to such Loan bear
interest at the Central Bank Rate (or in the case of the Yen, the Japanese Prime Rate) for the applicable Alternative Currency plus the
CBR Spread; provided that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest
error) that the Central Bank Rate (or in the case of the Yen, the Japanese Prime Rate) for the applicable Alternative Currency cannot
be determined, any outstanding affected Term Benchmark Loans denominated in any Alternative Currency shall, at the Parent Borrower&rsquo;s
election prior to such day: (A)&nbsp;be prepaid by the Parent Borrower on such day or (B)&nbsp;solely for the purpose of calculating
the interest rate applicable to such Term Benchmark Loan, such Term Benchmark Loan denominated in any Alternative Currency shall be deemed
to be a Term Benchmark Loan denominated in Dollars and shall accrue interest at the same interest rate applicable to Term Benchmark Loans
denominated in Dollars at such time and (2)&nbsp;any RFR Loan shall bear interest at the Central Bank Rate (or in the case of the Yen,
the Japanese Prime Rate) for the applicable Alternative Currency plus the CBR Spread; provided that, if the Administrative Agent determines
(which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate (or in the case of the Yen, the
Japanese Prime Rate) for the applicable Alternative Currency cannot be determined, any outstanding affected RFR Loans denominated in
any Alternative Currency, at the Parent Borrower&rsquo;s election, shall either (A)&nbsp;be converted into ABR Loans denominated in Dollars
(in an amount equal to the Dollar Equivalent of such Alternative Currency) immediately or (B)&nbsp;be prepaid in full immediately.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;Notwithstanding anything
to the contrary herein or in any other Loan Document, if a Benchmark Transition Event and its related Benchmark Replacement Date have
occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x)&nbsp;if a Benchmark Replacement
is determined in accordance with clause (1)&nbsp;of the definition of &ldquo;Benchmark Replacement&rdquo; with respect to Dollars for
such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan
Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent
of any other party to, this Agreement or any other Loan Document and (y)&nbsp;if a Benchmark Replacement is determined in accordance
with clause (2)&nbsp;of the definition of &ldquo;Benchmark Replacement&rdquo; with respect to any Agreed Currency for such Benchmark
Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect
of any Benchmark setting at or after 5:00 p.m.&nbsp;(New York City time) on the fifth (5th) Business Day after the date notice of such
Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement
or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark
Replacement from Lenders comprising the Required Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;In connection with
the implementation of a Benchmark Replacement, notwithstanding anything to the contrary herein or in any other Loan Document, the Administrative
Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary
herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective
without any further action or consent of any other party to this Agreement or any other Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;The Administrative
Agent will promptly notify the Parent Borrower and the Lenders of (i)&#8239;&#8239;&#8239; any occurrence of a Benchmark Transition Event
(ii)&#8239;&#8239;&#8239; the implementation of any Benchmark Replacement, (iii)&#8239;&#8239;&#8239; the effectiveness of any Benchmark Replacement
Conforming Changes, (iv)&#8239;&#8239;&#8239; the removal or reinstatement of any tenor of a Benchmark pursuant to clause (f)&nbsp;below
and (v)&#8239;&#8239;&#8239; the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election
that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section&nbsp;2.12,
including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance
or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error
and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document,
except, in each case, as expressly required pursuant to this Section&nbsp;2.12.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;Notwithstanding anything
to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement),
(i)&nbsp;if the then-current Benchmark is a term rate (including the Term SOFR Rate, EURIBOR Rate, HKD Screen Rate or TIBOR Rate) and
either (a)&#8239;&#8239; any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate
from time to time as selected by the Administrative Agent in its reasonable discretion or (b)&#8239;&#8239; the regulatory supervisor for
the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such
Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of &ldquo;Interest Period&rdquo;
for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (ii)&nbsp;if a tenor that
was removed pursuant to clause (i)&nbsp;above either (a)&nbsp;is subsequently displayed on a screen or information service for a Benchmark
(including a Benchmark Replacement) or (b)&nbsp;is not, or is no longer, subject to an announcement that it is or will no longer be representative
for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify the definition of &ldquo;Interest Period&rdquo;
for all Benchmark settings at or after such time to reinstate such previously removed tenor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(f)&nbsp;Upon
the Borrower&rsquo;s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request
for (i)&nbsp;a Term Benchmark Borrowing, conversion to or continuation of Term Benchmark Loans to be made, converted or continued or
(ii)&nbsp;a RFR Borrowing or conversion to RFR Loans, during any Benchmark Unavailability Period and, failing that, either (x)&nbsp;the
Borrower will be deemed to have converted any request for (1)&nbsp;a Term Benchmark Borrowing or RFR Borrowing, as applicable, denominated
in Dollars into a request for a Borrowing of or conversion to </FONT>(A)&nbsp;an RFR Borrowing denominated in Dollars so long as the
Adjusted Daily Simple RFR for Dollar Borrowings is not the subject of a Benchmark Transition Event or (B)&nbsp;an ABR Borrowing if the
Adjusted Daily Simple RFR for Dollar Borrowings is the subject of a Benchmark Transition Event or (y)&nbsp;any Term Benchmark Borrowing
or RFR Borrowing denominated in an Alternative Currency shall be ineffective. During any Benchmark Unavailability Period or at any time
that a tenor for the then-current Benchmark is not an Available Tenor, the component of ABR based upon the then-current Benchmark or
such tenor for such Benchmark, as applicable, will not be used in any determination of ABR. Furthermore, if any Term Benchmark Loan or
RFR Loan in any Agreed Currency is outstanding on the date of the Borrower&rsquo;s receipt of notice of the commencement of a Benchmark
Unavailability Period with respect to a Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until such time as a Benchmark
Replacement for such Agreed Currency is implemented pursuant to this Section&nbsp;2.12 (A)&nbsp;for Loans denominated in Dollars (1)&nbsp;any
Term Benchmark Loan shall on the last day of the Interest Period applicable to such Loan be converted by the Administrative Agent to,
and shall constitute, (x)&nbsp;an RFR Borrowing denominated in Dollars so long as the Adjusted Daily Simple RFR for Dollar Borrowings
is not the subject of a Benchmark Transition Event or (y)&nbsp;an ABR Loan if the Adjusted Daily Simple RFR for Dollar Borrowings is
the subject of a Benchmark Transition Event, on such day and (2)&nbsp;any RFR Loan shall on and from such day be converted by the Administrative
Agent to, and shall constitute an ABR Loan and (B)&nbsp;for Loans denominated in an Alternative Currency, (1)&nbsp;any Term Benchmark
Loan shall, on the last day of the Interest Period applicable to such Loan bear interest at the Central Bank Rate (or in the case of
the Yen, the Japanese Prime Rate) for the applicable Alternative Currency plus the CBR Spread; provided that, if the Administrative Agent
determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate (or in the case of
the Yen, the Japanese Prime Rate) for the applicable Alternative Currency cannot be determined, any outstanding affected Term Benchmark
Loans denominated in any Alternative Currency shall, at the Parent Borrower&rsquo;s election prior to such day: (A)&nbsp;be prepaid by
the Parent Borrower on such day or (B)&nbsp;solely for the purpose of calculating the interest rate applicable to such Term Benchmark
Loan, such Term Benchmark Loan denominated in any Alternative Currency shall be deemed to be a Term Benchmark Loan denominated in Dollars
and shall accrue interest at the same interest rate applicable to Term Benchmark Loans denominated in Dollars at such time and (2)&nbsp;any
RFR Loan shall bear interest at the Central Bank Rate (or in the case of the Yen, the Japanese Prime Rate) for the applicable Alternative
Currency plus the CBR Spread; provided that, if the Administrative Agent determines (which determination shall be conclusive and binding
absent manifest error) that the Central Bank Rate (or in the case of the Yen, the Japanese Prime Rate) for the applicable Alternative
Currency cannot be determined, any outstanding affected RFR Loans denominated in any Alternative Currency, at the Borrower&rsquo;s election,
shall either (A)&nbsp;be converted into ABR Loans denominated in Dollars (in an amount equal to the Dollar Equivalent of such Alternative
Currency) immediately or (B)&nbsp;be prepaid in full immediately.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.13.&#8239;&#8239;
</FONT><B>Increased Costs</B>. (a)&#8239;&#8239;If any Change in Law shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;
impose, modify or deem applicable any reserve, special deposit, liquidity or similar requirement (including any compulsory loan requirement,
insurance charge or other assessment) against assets of, deposits with or for the account of, or credit extended by, any Lender (except
any such reserve requirement reflected in the Adjusted EURIBOR Rate or Adjusted TIBOR Rate, as applicable) or any Issuing Bank;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;
impose on any Lender or any Issuing Bank or the applicable offshore interbank market for the applicable Agreed Currency any other condition
affecting this Agreement or Loans made by such Lender or any Letter of Credit or participation therein; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;
shall subject the Administrative Agent, any Lender or the Issuing Bank to any Taxes (other than (A)&nbsp;Indemnified Taxes indemnified
under Section&nbsp;2.15, (B)&nbsp;Taxes described in clauses (b)&nbsp;through (f)&nbsp;of the definition of Excluded Taxes or (C)&nbsp;Connection
Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities
or capital attributable thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">and the result of any of the foregoing shall
be to increase the cost to such Lender (or in the case of (iii)&nbsp;to such Administrative Agent, Lender or Issuing Bank) of making
or maintaining any Term Benchmark Loan (or of maintaining its obligation to make such Loan) or to increase the cost to the Administrative
Agent, such Lender or such Issuing Bank of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any
sum received or receivable by the Administrative Agent, such Lender or such Issuing Bank hereunder (whether of principal, interest or
otherwise), then the Parent Borrower will pay to the Administrative Agent, such Lender or such Issuing Bank, as the case may be, upon
demand of such Person, such additional amount or amounts as will compensate the Administrative Agent, such Lender or such Issuing Bank,
as the case may be, for such additional costs incurred or reduction suffered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; If any Lender
or any Issuing Bank reasonably determines that any Change in Law regarding capital or liquidity requirements has or would have the effect
of reducing the rate of return on such Lender&rsquo;s or such Issuing Bank&rsquo;s capital (or on the capital of any corporation controlling
such Lender or such Issuing Bank) as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held
by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such controlling corporation
could have achieved but for such Change in Law (taking into consideration such Lender&rsquo;s or such Issuing Bank&rsquo;s or such controlling
corporation&rsquo;s policies with respect to capital adequacy or liquidity), then from time to time the Parent Borrower will pay to such
Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank
or such controlling corporation for any such reduction suffered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; A certificate
of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or such Issuing Bank, as the case
may be, as specified in paragraph&nbsp;(a), (b)&nbsp;or (e)&nbsp;of this Section, containing (i)&nbsp;a reasonably detailed explanation
of the basis on which such amount or amounts were calculated and the Change in Law by reason of which it has become entitled to be so
compensated and (ii)&nbsp;confirmation of the matters set forth in the last sentence of Section&nbsp;2.13(d), shall be delivered to the
Parent Borrower and shall be conclusive absent manifest error. No Lender or Issuing Bank shall be entitled to the benefits of this Section&nbsp;2.13
unless such Lender or Issuing Bank shall have complied with the requirements of this Section&nbsp;2.13. The Parent Borrower shall pay
such Lender or such Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10&nbsp;days after receipt
thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; Failure or
delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to this Section&nbsp;shall not constitute a waiver
of such Lender&rsquo;s or such Issuing Bank&rsquo;s right to demand such compensation; <U>provided</U> that the Parent Borrower shall
not be required to compensate a Lender or an Issuing Bank pursuant to this Section&nbsp;for any increased costs or reductions incurred
more than 90 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Parent Borrower of the Change
in Law giving rise to such increased costs or reductions and of such Lender&rsquo;s or such Issuing Bank&rsquo;s intention to claim compensation
therefor; <U>provided</U>, <U>further</U> that, if the Change in Law giving rise to such increased costs or reductions is retroactive,
then the 90-day period referred to above shall be extended to include the period of retroactive effect thereof. Notwithstanding any other
provision of this Section&nbsp;2.13, no Lender or Issuing Bank shall demand compensation for any increased costs or reduction referred
to above in this Section&nbsp;if it shall not then be the general policy of such Lender to demand such compensation in similar circumstances
from comparable borrowers under comparable provisions of other credit agreements, if any (it being understood, for the avoidance of doubt,
that a waiver by any Lender or Issuing Bank in any given case of its right to demand such compensation from any given borrower shall
not, in and of itself, be deemed to constitute a change in the general policy of such Lender).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; If the cost
to any Lender of making or maintaining any Loan to a Subsidiary Borrower that is a Foreign Subsidiary is increased (or the amount of
any sum received or receivable by any Lender or its lending office is reduced) by an amount deemed by such Lender to be material, by
reason of the fact that such Subsidiary Borrower is a Foreign Subsidiary, such Subsidiary Borrower shall indemnify such Lender for such
increased cost or reduction within 15 days after demand by such Lender (with a copy to the Administrative Agent), which such Lender shall
make within 90 days from the day such Lender has notice of such increased cost or reduction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.14.&#8239;&#8239;
</FONT><B>Break Funding Payments</B>. (a)&nbsp;With respect to Loans that are not RFR Loans, in the event of (i)&nbsp;the payment of
any principal of any Term Benchmark Loan other than on the last day of an Interest Period applicable thereto (including as a result of
an Event of Default), (ii)&nbsp;the conversion of any Term Benchmark Loan other than on the last day of the Interest Period applicable
thereto, (iii)&nbsp;the failure to borrow, convert, continue or prepay any Term Benchmark Loan on the date specified in any notice delivered
pursuant hereto (regardless of whether such notice may be revoked under Section&nbsp;2.09(b)&nbsp;and is revoked in accordance therewith)
or (iv)&nbsp;the assignment of any Term Benchmark Loan other than on the last day of the Interest Period applicable thereto as a result
of a request by the Parent Borrower pursuant to Section&nbsp;2.17, then, in any such event, the applicable Borrower shall compensate
each Lender for the loss and reasonable cost and expense attributable to such event (excluding loss of margin). A certificate of any
Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section, containing a reasonably
detailed calculation of such amounts, shall be delivered to the Parent Borrower and shall be conclusive absent manifest error. The applicable
Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. No Lender or Issuing
Bank shall be entitled to the benefits of this Section&nbsp;2.14 unless such Lender or Issuing Bank shall have complied with the requirements
of this Section&nbsp;2.14.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">With
respect to RFR Loans, in the event of (i)&nbsp;the payment of any principal of any RFR Loan other than on the Interest Payment Date applicable
thereto (including as a result of an Event of Default or an optional or mandatory prepayment of Loans), (ii)&nbsp;the failure to borrow
or prepay any RFR Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked
under &lrm;Section&nbsp;2.09(b)&nbsp;and is revoked in accordance therewith), (iii)&nbsp;the assignment of any RFR Loan other than on
the Interest Payment Date applicable thereto as a result of a request by the Parent Borrower pursuant to &lrm;Section&nbsp;2.17 or (iv)&nbsp;the
failure by the Borrower to make any payment of any Loan or drawing under any Letter of Credit (or interest due thereof) denominated in
an Alternative Currency on its scheduled due date or any payment thereof in a different currency, then, in any such event, the applicable
Borrower shall compensate each Lender for the loss and reasonable cost and expense attributable to such event (excluding loss of margin).
A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section, containing
a reasonably detailed calculation of such amounts, shall be delivered to the Parent Borrower and shall be conclusive absent manifest
error. The applicable Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof.
No Lender or Issuing Bank shall be entitled to the benefits of this Section&nbsp;2.14 unless such Lender or Issuing Bank shall have complied
with the requirements of this Section&nbsp;2.14.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.15.&#8239;&#8239;
</FONT><B>Taxes</B>. (a)&#8239;&#8239;Any and all payments by or on account of any obligation of any Loan Party under any Loan Document
shall be made free and clear of and without deduction for any Taxes, except as required by applicable law. If any applicable law (as
determined in the good faith discretion of an applicable withholding agent) requires the deduction or withholding of any Tax from any
such payment by a withholding agent, then the applicable withholding agent shall be entitled to make such deduction or withholding and
shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if
such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that, after such
deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section&nbsp;2.15),
the amounts received with respect to this agreement equal the sum which would have been received had no such deduction or withholding
been made.(b)&#8239;&#8239; The Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law,
or at the option of the Administrative Agent timely reimburse it for, Other Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; Each Loan Party
shall indemnify the Administrative Agent, each Lender and any Issuing Bank, as promptly as possible but in any event within 30 days after
written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes payable or paid by the Administrative Agent, such
Lender or such Issuing Bank, or required to be deducted or withheld from a payment to the Administrative Agent, such Lender or such Issuing
Bank, as the case may be, on or with respect to any payment by or on account of any obligation of such Loan Party under any Loan Document
(including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and including
any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other
Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment
or liability, together with, to the extent available, a certified copy of a receipt issued by such Governmental Authority evidencing
such payment or other evidence of such payment reasonably satisfactory to such Loan Party, delivered to such Loan Party as soon as practicable
after any such payment by a Lender or any Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or
any Issuing Bank, shall be conclusive absent manifest error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; As soon as
practicable after any payment of Indemnified Taxes or Other Taxes by a Loan Party to a Governmental Authority, such Loan Party shall
deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such
payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative
Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; A payment to
a Lender shall not be increased under paragraph (a)&nbsp;or (b)&nbsp;of this Section&nbsp;2.15 and no indemnification is due under paragraph
(c)&nbsp;of this Section&nbsp;2.15 if on the date on which the payment falls due the payment could have been made without any deduction
on account of Swiss Withholding Tax (i)&nbsp;had the Lender correctly declared its status as to whether it is a Swiss Qualifying Bank,
(ii)&nbsp;had the Lender complied with the assignment, transfer or exposure transfer restrictions pursuant to this Agreement, (iii)&nbsp;had
the Lender not ceased to be a Swiss Qualifying Bank, or (iv)&nbsp;had the Swiss Non-Bank Rules&nbsp;not been breached as a result of
an assignment or transfer of rights and obligations under this Agreement after the occurrence of an Event of Default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239; (i)&#8239;&#8239;&#8239;
Any Lender that is entitled to an exemption from or reduction of withholding Tax, with respect to payments made under this Agreement
or any Loan Document shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times reasonably requested
by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower
or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition,
any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other information or documentation
prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative
Agent to determine whether or not such Lender is subject to any withholding tax (including backup withholding) or information reporting
requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such
documentation (other than such documentation set forth in Section&nbsp;2.15(f)(ii)(A), (ii)(B)&nbsp;and (ii)(D)&nbsp;below) shall not
be required if in the Lender&rsquo;s reasonable judgment such completion, execution or submission would subject such Lender to any material
unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;
Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(A)&#8239;&#8239; any
Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative
Agent), executed copies of IRS Form&nbsp;W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(B)&#8239;&#8239; any
Lender that is not a U.S. Person shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever
of the following is applicable:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify">(1)&nbsp;in the case of Non-U.S. Lender
claiming the benefits of an income tax treaty to which the United States is a party (x)&nbsp;with respect to payments of interest under
any Loan Document, executed copies of IRS Form&nbsp;W-8BEN or IRS Form&nbsp;W-8BEN-E establishing an exemption from, or reduction of,
U.S. federal withholding Tax pursuant to the &ldquo;interest&rdquo; article of such tax treaty and (y)&nbsp;with respect to any other
applicable payments under any Loan Document,&nbsp;IRS Form&nbsp;W-8BEN or IRS Form&nbsp;W-8BEN-E establishing an exemption from, or reduction
of, U.S. federal withholding Tax pursuant to the &ldquo;business profits&rdquo; or &ldquo;other income&rdquo; article of such tax treaty;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify">(2)&nbsp; executed copies of IRS Form&nbsp;W-8ECI;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify">(3)&nbsp; in the case of Non-U.S. Lender
claiming the benefits of the exemption for portfolio interest under Section&nbsp;881(c)&nbsp;of the Code, (x)&nbsp;a certificate substantially
in the form of Exhibit&nbsp;E-1 to the effect that such Lender is not a &ldquo;bank&rdquo; within the meaning of Section&nbsp;881(c)(3)(A)&nbsp;of
the Code, a &ldquo;10 percent shareholder&rdquo; of the Borrower within the meaning of Section&nbsp;881(c)(3)(B)&nbsp;of the Code, or
a &ldquo;controlled foreign corporation&rdquo; described in Section&nbsp;881(c)(3)(C)&nbsp;of the Code (a &ldquo;<U>U.S. Tax Compliance
Certificate</U>&rdquo;) and (y)&nbsp;executed copies of IRS Form&nbsp;W-8BEN or IRS Form&nbsp;W-8BEN-E; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify">(4)&nbsp; to the extent a Non-U.S. Lender
is not the beneficial owner, executed copies of IRS Form&nbsp;W-8IMY, accompanied by IRS Form&nbsp;W-8ECI,&nbsp;IRS Form&nbsp;W-8BEN,&nbsp;IRS
Form&nbsp;W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit&nbsp;E-2 or Exhibit&nbsp;E-3,&nbsp;IRS Form&nbsp;W-9,
and/or other certification documents from each beneficial owner, as applicable; <U>provided</U> that if such Lender is a partnership
and one or more direct or indirect partners of such Lender are claiming the portfolio interest exemption, such Lender may provide a U.S.
Tax Compliance Certificate substantially in the form of Exhibit&nbsp;E-4 on behalf of each such direct and indirect partner;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(C)&#8239;&#8239; any
Non-U.S. Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number
of copies as shall be requested by the recipient) on or prior to the date on which such Lender becomes a Lender under this Agreement
(and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of any other
form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed,
together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent
to determine the withholding or deduction required to be made; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(D)&#8239;&#8239; If
a payment made to a Lender hereunder or under any other Loan Document would be subject to U.S. federal withholding tax imposed by FATCA
if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section&nbsp;1471(b)&nbsp;or
1472(b)&nbsp;of the Code, as applicable, or those under an intergovernmental agreement entered into in connection with the implementation
of Sections 1471 through 1474 of the Code), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times
prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed
by applicable law (including as prescribed by Section&nbsp;1471(b)(3)(C)(i)&nbsp;of the Code) and such additional documentation reasonably
requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with
their obligations under FATCA and to determine that such Lender has complied with such Lender&rsquo;s obligations under FATCA or to determine
the amount to deduct and withhold from such payment. Solely for purposes of this Section&nbsp;2.15(f)(ii)(D), &ldquo;FATCA&rdquo; shall
include any amendments made to FATCA after the date of this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239;&#8239; Each Lender
shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for the full amount of any Taxes imposed by
any Governmental Authority, together with any reasonable costs and expenses arising therefrom or with respect thereto, that are attributable
(i)&nbsp;to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Taxes
and without limiting the obligation of the Borrower to do so) and that are payable or paid by the Administrative Agent and (ii)&nbsp;to
a Lender&rsquo;s failure to comply with the provisions of Section&nbsp;10.04(c)&nbsp;relating to the maintenance of a Participant Register.
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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&#8239;&#8239; If the Administrative
Agent, a Lender or an Issuing Bank determines that it has received a refund which, in the good faith judgment of the Administrative Agent,
such Lender or such Issuing Bank, as the case may be, is allocable to any Indemnified Taxes or Other Taxes as to which it has been indemnified
by a Loan Party or with respect to which a Loan Party has paid additional amounts pursuant to this Section&nbsp;2.15, it shall promptly
pay over such refund to such Loan Party (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan
Party under this Section&nbsp;2.15 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all reasonable
out-of-pocket expenses of the Administrative Agent or such Lender or such Issuing Bank and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund); <U>provided</U>, that such Loan Party, upon the request of
the Administrative Agent or such Lender or such Issuing Bank, agrees to repay the amount paid over to such Loan Party (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority attributable to such amount (including the reasonable out-of-pocket
expenses described above of the Administrative Agent or such Lender or such Issuing Bank)) to the Administrative Agent or such Lender
or such Issuing Bank in the event the Administrative Agent or such Lender or such Issuing Bank is required to repay such refund to such
Governmental Authority. This Section&nbsp;shall not be construed to require the Administrative Agent or any Lender or an Issuing Bank
to make available its tax returns (or any other information relating to its taxes which it deems confidential) to any Loan Party or any
other Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&#8239;&#8239; For purposes
of this Section, the term &ldquo;Lender&rdquo; includes any Issuing Bank and the term &ldquo;applicable law&rdquo; includes FATCA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.16.&#8239;&#8239;
</FONT><B>Payments Generally; Pro Rata Treatment; Sharing of Set-offs</B>.&#8239;&#8239;(a)&#8239;&#8239; Each Borrower shall make each payment
required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable
under Section&nbsp;2.13, 2.14 or 2.15, or otherwise) prior to 12:00 noon, New York City time, on the date when due or the date fixed
for any prepayment hereunder in immediately available funds, without set-off, recoupment or counterclaim. Any amounts received after
such time on any date may, in the discretion of the Administrative Agent or an Issuing Bank, as applicable, be deemed to have been received
on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative
Agent at its offices at 10 South Dearborn Street, 7th Floor, Chicago,&nbsp;Illinois 60603-2300 and to the wire instructions of the Administrative
Agent set forth in <U>Section&nbsp;9.06</U> (or such other address or wire instructions of the Administrative Agent that may be provided
from time to time by the Administrative Agent), except payments to be made directly to an Issuing Bank as expressly provided herein and
except that payments pursuant to Sections 2.13, 2.14, 2.15 and 10.03 shall be made directly to the Persons entitled thereto. The Administrative
Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following
receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to
the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period
of such extension. All payments hereunder shall be made in dollars except (i)&nbsp;payments of principal of and interest on any Alternative
Currency Loan shall be paid in the applicable currency and (ii)&nbsp;as provided in Section&nbsp;2.04(k). If, for any reason, the Borrower
is prohibited by any Law from making any required payment hereunder in an Alternative Currency, such Borrower shall make such payment
in Dollars in the Dollar Equivalent of the Alternative Currency payment amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; If at any time
insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements,
interest, fees, expenses and other amounts then due hereunder, such funds shall be applied (i)&nbsp;first, towards payment of interest,
fees, expenses and other amounts then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest,
fees, expenses and other amounts then due to such parties, and (ii)&nbsp;second, towards payment of principal and unreimbursed LC Disbursements
then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements
then due to such parties. Notwithstanding the foregoing, no amounts received from any Guarantor shall be applied to Excluded Swap Obligations
of such Guarantor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; If any Lender
shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on
any of its Loans or participations in LC Disbursements resulting in such Lender receiving payment of a greater proportion of the aggregate
amount of its Loans and participations in LC Disbursements and accrued interest thereon than the proportion received by any other Lender,
then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans and participations
in LC Disbursements of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders
ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and participations in
LC Disbursements; <U>provided</U> that (i)&nbsp;if any such participations are purchased and all or any portion of the payment giving
rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without
interest, and (ii)&nbsp;the provisions of this paragraph shall not be construed to apply to any payment made by any Borrower pursuant
to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment
of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or participant, other than to
the applicable Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply), or any payment
obtained pursuant to a court order. Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under
applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Borrower rights
of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in
the amount of such participation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; Unless the
Administrative Agent shall have received notice from a Borrower prior to the date on which any payment is due to the Administrative Agent
for the account of the Lenders or an Issuing Bank hereunder that such Borrower will not make such payment, the Administrative Agent may
assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute
to the Lenders or such Issuing Bank, as the case may be, the amount due. In such event, if such Borrower has not in fact made such payment,
then each of the Lenders or such Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on
demand the amount so distributed to such Lender or such Issuing Bank with interest thereon, for each day from and including the date
such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the NYFRB Rate and
a rate determined by the Administrative Agent in accordance with banking industry rules&nbsp;on interbank compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; If any Lender
shall fail to make any payment required to be made by it pursuant to Section&nbsp;2.04(d)&nbsp;or (e), 2.05(b)&nbsp;or 2.16(d), then
the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received
by the Administrative Agent for the account of such Lender to satisfy such Lender&rsquo;s obligations under such Sections until all such
unsatisfied obligations are fully paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239; In order to
expedite the transactions contemplated by this Agreement, each Subsidiary Borrower hereby appoints the Parent Borrower to act as agent
on behalf of such Subsidiary Borrower for the purpose of (i)&nbsp;giving any notices or requests contemplated to be given by such Subsidiary
Borrower pursuant to this Agreement, including, without limitation, Borrowing Requests, prepayment notices and Interest Election Requests
and (ii)&nbsp;paying on behalf of such Subsidiary Borrower any Subsidiary Obligations owing by such Subsidiary Borrower; <U>provided</U>,
that each Subsidiary Borrower shall retain the right, in its discretion, to give directly any or all of such notices or requests or to
make directly any or all of such payments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239;&#8239; The obligations
of each Borrower under this Agreement are several although the Subsidiary Obligations are guaranteed by the Parent Borrower under Article&nbsp;IX.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.17.&#8239;&#8239;
</FONT><B>Mitigation Obligations; Replacement of Lenders</B>. (a)&#8239;&#8239;If any Lender (including any Issuing Bank) requests compensation
under Section&nbsp;2.13, or if&nbsp;any Borrower is required to pay any additional amount to any Lender (including any Issuing Bank)
or any Governmental Authority for the account of any Lender (including any Issuing Bank) pursuant to Section&nbsp;2.15, then such Lender
shall use reasonable efforts to designate a different lending office for funding or booking its Loans (or interests in Letters of Credit)
hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of
such Lender (including any Issuing Bank), such designation or assignment (i)&nbsp;would eliminate or reduce amounts payable pursuant
to Section&nbsp;2.13 or 2.15, as the case may be, in the future and (ii)&nbsp;would not subject such Lender (including any Issuing Bank)
to any material unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender (including any Issuing Bank).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; If (i)&nbsp;any
Lender (including any Issuing Bank) requests compensation under Section&nbsp;2.13, (ii)&nbsp;any Borrower is required to pay any additional
amount to any Lender (including any Issuing Bank) or any Governmental Authority for the account of any Lender (including any Issuing
Bank) pursuant to Section&nbsp;2.15, (iii)&nbsp;any Lender is a Defaulting Lender or (iv)&nbsp;any Lender does not consent to any proposed
amendment, supplement, modification, consent or waiver of any provision of this Agreement or any other Loan Document that requires the
consent of each of the Lenders or each of the Lenders affected thereby (so long as the consent of the Required Lenders (with the percentage
in such definition being deemed to be 66 2/3% for this purpose) has been obtained), then the Parent Borrower may, at its sole expense
(in the case of clauses (i), (ii)&nbsp;and (iv)&nbsp;of this Section&nbsp;2.17(b)&nbsp;only), upon notice to such Lender and the Administrative
Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in
Section&nbsp;10.04, <I>provided</I> that the Parent Borrower shall be required to pay the processing and recordation fee referred to
in Section&nbsp;10.04(b)(ii)(C), or pursuant to deemed assignment provisions established by the Administrative Agent to which the Parent
Borrower has previously consented in writing), all its interests, rights and obligations under this Agreement to an assignee that shall
assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); <U>provided</U> that (i)&nbsp;the
Parent Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld,
(ii)&nbsp;such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in
LC Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent
of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts) (and, if such Lender
is an Issuing Bank, all Letters of Credit issued by it shall have been cancelled or other arrangements reasonably satisfactory to such
Issuing Bank shall have been made with respect to such Letters of Credit), (iii)&nbsp;in the case of any such assignment resulting from
a claim for compensation under Section&nbsp;2.13 or payments required to be made pursuant to Section&nbsp;2.15, such assignment will
result in a reduction in such compensation or payments and (iv)&nbsp;in the case of an assignment pursuant to clause (iv)&nbsp;above,
no Default shall have occurred and be continuing. A Lender (including any Issuing Bank) shall not be required to make any such assignment
and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Parent Borrower
to require such assignment and delegation cease to apply. No such assignment shall be deemed to be a waiver of any rights which any Borrower,
the Administrative Agent or any other Lender shall have against the replaced Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.18.&#8239;&#8239;
</FONT><B>Change in Law</B>. If (a)&nbsp;any Change in Law shall make it unlawful for any Issuing Bank to issue Letters of Credit denominated
in an Alternative Currency or (b)&nbsp;there shall have occurred any change in national or international financial, political or economic
conditions (including the imposition of or any change in exchange controls) or currency exchange rates that would make it impracticable
for any Issuing Bank to issue Letters of Credit denominated in such Alternative Currency, then by prompt written notice thereof to the
Parent Borrower and to the Administrative Agent (which notice shall promptly be withdrawn whenever such circumstances no longer exist),
such Issuing Bank may declare that Letters of Credit will not thereafter be issued by it in the affected Alternative Currency or Alternative
Currencies, whereupon the affected Alternative Currency or Alternative Currencies shall be deemed (until such notice is withdrawn) not
to constitute an Alternative Currency for purposes of the issuance of Letters of Credit by such Issuing Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.19.&#8239;&#8239;
</FONT><B>Defaulting Lenders</B>. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting
Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239; fees shall
cease to accrue on the unfunded portion of the Available Commitment of such Defaulting Lender pursuant to Section&nbsp;2.10(a);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; 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 &lrm;Article&nbsp;VII or otherwise) or received by the Administrative Agent from a Defaulting
Lender pursuant to &lrm;Section&nbsp;10.08 shall be applied at such time or times as may be determined by the Administrative Agent as
follows: first, to the payment of any amounts owing by 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 any Issuing Bank hereunder; third, to cash collateralize LC Exposure
with respect to such Defaulting Lender in accordance with this Section; fourth, as the Parent Borrower may request (so long as no Default
or Event of 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
Parent Borrower, to be held in a deposit account and released pro rata in order to (x)&nbsp;satisfy such Defaulting Lender&rsquo;s potential
future funding obligations with respect to Loans under this Agreement and (y)&nbsp;cash collateralize future LC Exposure with respect
to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with this Section; sixth,
to the payment of any amounts owing to the Lenders or the Issuing Banks as a result of any judgment of a court of competent jurisdiction
obtained by any Lender or the Issuing Banks against such Defaulting Lender as a result of such Defaulting Lender&rsquo;s breach of its
obligations under this Agreement or under any other Loan Document; seventh, so long as no Default or Event of Default exists, to the
payment of any amounts owing to any Borrower as a result of any judgment of a court of competent jurisdiction obtained by such Borrower
against such Defaulting Lender as a result of such Defaulting Lender&rsquo;s breach of its obligations under this Agreement or under
any other Loan Document; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided
that if (x)&nbsp;such payment is a payment of the principal amount of any Loans or LC Disbursements in respect of which such Defaulting
Lender has not fully funded its appropriate share, and (y)&nbsp;such Loans were made or the related Letters of Credit were issued at
a time when the conditions set forth in &lrm;Section&nbsp;4.02 were satisfied or waived, such payment shall be applied solely to pay
the Loans of, and LC Disbursements owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any
Loans of, or LC Disbursements owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in
the Borrower&rsquo;s obligations corresponding to such Defaulting Lender&rsquo;s LC Exposure are held by the Lenders pro rata in accordance
with the Commitments without giving effect to clause (d)&nbsp;below. 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&nbsp;shall
be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; the Commitment
and Revolving Credit Exposure of such Defaulting Lender shall not be included in determining whether the Required Lenders have taken
or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section&nbsp;10.02);
<U>provided</U>, that this clause (c)&nbsp;shall not apply to the vote of a Defaulting Lender in the case of an amendment, waiver or
other modification requiring the consent of each Lender or each Lender affected thereby;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; if any LC Exposure
exists at the time such Lender becomes a Defaulting Lender then:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;
all or any part of the LC Exposure of such Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance with
their respective Commitments but only to the extent the sum of all non-Defaulting Lenders&rsquo; Revolving Credit Exposures plus such
Defaulting Lender&rsquo;s LC Exposure does not exceed the total of all non-Defaulting Lenders&rsquo; Commitments;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;
if the reallocation described in clause (i)&nbsp;above cannot, or can only partially, be effected, the Parent Borrower shall within one
Business Day following notice by the Administrative Agent cash collateralize for the benefit of the Issuing Bank only such Borrower&rsquo;s
obligations corresponding to such Defaulting Lender&rsquo;s LC Exposure (after giving effect to any partial reallocation pursuant to
clause (i)&nbsp;above) in accordance with the procedures set forth in Section&nbsp;2.04(k)&nbsp;for so long as such LC Exposure is outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;
if the Parent Borrower cash collateralizes any portion of such Defaulting Lender&rsquo;s LC Exposure pursuant to clause (ii)&nbsp;above,
the Parent Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section&nbsp;2.04(f)&nbsp;with respect
to such Defaulting Lender&rsquo;s LC Exposure during the period such Defaulting Lender&rsquo;s LC Exposure is cash collateralized;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;
if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to clause (i)&nbsp;above, then the fees payable to the Lenders
pursuant to Sections 2.10(a)&nbsp;and 2.04(f)&nbsp;shall be adjusted in accordance with such non-Defaulting Lenders&rsquo; Commitment;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(v)&#8239;&#8239;&#8239;
if all or any portion of such Defaulting Lender&rsquo;s LC Exposure is neither reallocated nor cash collateralized pursuant to clause
(i)&nbsp;or (ii)&nbsp;above, then, without prejudice to any rights or remedies of any Issuing Bank or any other Lender hereunder, all
fees payable under Section&nbsp;2.04(f)&nbsp;with respect to such Defaulting Lender&rsquo;s LC Exposure shall be payable to the applicable
Issuing Bank until and to the extent that such LC Exposure is reallocated and/or cash collateralized; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; so long as
such Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, amend or increase any Letter of Credit, unless it is
satisfied that the related exposure and the Defaulting Lender&rsquo;s then outstanding LC Exposure will be 100% covered by the Commitments
of the non-Defaulting Lenders and/or cash collateral will be provided by the applicable Borrower in accordance with Section&nbsp;2.19(d),
and participating interests in any newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner
consistent with Section&nbsp;2.19(d)(i)&nbsp;(and such Defaulting Lender shall not participate therein).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">If (i)&nbsp;a Bankruptcy Event
or a Bail-In Action with respect to a Parent of any Lender shall occur following the date hereof and for so long as such event shall
continue or (ii)&nbsp;the Issuing Bank has a good faith belief that any Lender has defaulted in fulfilling its obligations under one
or more other agreements in which such Lender commits to extend credit, the Issuing Bank shall not be required to issue, amend or increase
any Letter of Credit, unless the Issuing Bank, as the case may be, shall have entered into arrangements with the Parent Borrower or such
Lender, satisfactory to the Issuing Bank to defease any risk to it in respect of such Lender hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">In the event that the Administrative
Agent, the Parent Borrower and the Issuing Bank each agrees, acting in good faith and a commercially reasonable manner, that a Defaulting
Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the LC Exposure of the Lenders shall
be readjusted to reflect the inclusion of such Lender&rsquo;s Commitment and on such date such Lender shall purchase at par such of the
Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in
accordance with its Commitment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;2.20.&#8239;&#8239;
</FONT><B>Extension of Maturity Date</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239; <U>Request
for Extension</U>. The Parent Borrower may, by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier
than&nbsp;60&nbsp;days and not later than&nbsp;30&nbsp;days prior to the Maturity Date then in effect hereunder (the &ldquo;<U>Existing
Maturity Date</U>&rdquo;), request that each Lender extend such Lender&rsquo;s Maturity Date for an additional 364&nbsp;days from the
Existing Maturity Date; provided, however, that the Parent Borrower may not request more than two such extensions pursuant to this Section&nbsp;2.20.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; <U>Lender Elections
to Extend</U>. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not earlier
than 45&nbsp;days prior to the Existing Maturity Date and not later than the date (the &ldquo;<U>Notice Date</U>&rdquo;) that is 15&nbsp;days
prior to the Existing Maturity Date, advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender
that determines not to so extend its Maturity Date (a &ldquo;<U>Non-Extending Lender</U>&rdquo;)) shall notify the Administrative Agent
of such fact promptly after such determination (but in any event no later than the Notice Date) and any Lender that does not so advise
the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree
to such extension shall not obligate any other Lender to so agree.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; <U>Notification
by Administrative Agent</U>. The Administrative Agent shall notify the Parent Borrower of each Lender&rsquo;s determination under this
Section&nbsp;2.20 no later than the date 15&nbsp;days prior to the Existing Maturity Date (or, if such date is not a Business Day, on
the next preceding Business Day).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; <U>Additional
Commitment Lenders</U>. The Parent Borrower shall have the right on or before the Existing Maturity Date to replace each Non-Extending
Lender with, and add as &ldquo;Lenders&rdquo; under this Agreement in place thereof, one or more Eligible Assignees (each, an &ldquo;<U>Additional
Commitment Lender</U>&rdquo;) as provided in Section&nbsp;10.04 each of which Additional Commitment Lenders shall have entered into an
Assignment and Assumption pursuant to which such Additional Commitment Lender shall, effective as of the Existing Maturity Date, undertake
a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender&rsquo;s
Commitment hereunder on such date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; <U>Minimum
Extension Requirement</U>. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity
Dates and the additional Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments
in effect immediately prior to the Existing Maturity Date, then, effective as of the Existing Maturity Date, the Maturity Date of each
Extending Lender and of each Additional Commitment Lender shall be extended to the date falling&nbsp;364&nbsp;days after the Existing
Maturity Date (except that, if such date is not a Business Day, such Commitment Date as so extended shall be the next preceding Business
Day) and each Additional Commitment Lender shall thereupon become a &ldquo;Lender&rdquo; for all purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239; <U>Conditions
to Effectiveness of Extensions</U>. Notwithstanding the foregoing, an extension of the Maturity Date pursuant to this Section&nbsp;2.20
shall not be effective with respect to any Lender unless:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>At
the time of and immediately after giving effect to such extension, no Default shall have occurred and be continuing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material
respects (or, in the case of any representation and warranty qualified by materiality, in all respects) on and as of the date of such
extension (other than such representations as are made as of a specific earlier date, in which case such representations and warranties
shall be true and correct in all material respects as of such earlier date) (or, in the case of any representation and warranty qualified
by materiality, in all respects as of such earlier date); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>On
or before the then applicable Existing Maturity Date, (1)&nbsp;the Borrowers shall have paid in full the principal of and interest on
all of the Loans made by each Non-Extending Lender to the Borrowers hereunder and (2)&nbsp;the Borrowers shall have paid in full all
other amounts owing to such Non-Extending Lender hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239;&#8239; <U>Amendment;
Sharing of Payments</U>. In connection with any extension of the Maturity Date, the Borrowers, the Administrative Agent and each extending
Lender may make such amendments to this Agreement as the Administrative Agent determines to be reasonably necessary to evidence the extension.
This Section&nbsp;shall supersede Sections&nbsp;2.16 and 10.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE&nbsp;III</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Representations
and Warranties</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Parent Borrower represents
and warrants and each Subsidiary Borrower represents and warrants (to the extent specifically applicable to such Subsidiary Borrower)
to the Lenders that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.01.&#8239;&#8239;
</FONT><B>Organization; Powers</B>. Each of the Borrowers, the Guarantors and the Parent Borrower&rsquo;s Significant Subsidiaries (as
defined in Regulation S-X, part 210.1-02 of Title 17 of the Code of Federal Regulations) is duly organized or incorporated, validly existing
and, other than the Swiss Loan Party, in good standing (or, if applicable in a foreign jurisdiction, enjoys the equivalent status under
the laws of any jurisdiction of organization outside the United States of America) under the laws of the jurisdiction of its organization,
has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually
or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is
in good standing in, every jurisdiction where such qualification is required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.02.&#8239;&#8239;
</FONT><B>Authorization; Enforceability</B>. The Transactions are within each Loan Party&rsquo;s corporate powers and have been duly
authorized by all necessary corporate and, if required, stockholder action. Each Loan Document has been duly executed and delivered by
each Loan Party which is a party thereto and constitutes a legal, valid and binding obligation of such Loan Party, enforceable in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization, liquidation, reconstruction, moratorium or other laws affecting
creditors&rsquo; rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity
or at law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.03.&#8239;&#8239;
</FONT><B>Governmental Approvals; No Conflicts</B>. The Transactions (a)&nbsp;do not require any consent or approval of, registration
or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and
effect, (b)&nbsp;will not violate any applicable law or regulation or the charter, by-laws or other organizational documents of Parent
Borrower or any other Loan Party or any order of any Governmental Authority, (c)&nbsp;will not violate or result in a default under any
indenture or any material agreement or other material instrument binding upon Parent Borrower or other Loan Party its assets, or give
rise to a right thereunder to require any payment to be made by Parent Borrower or any of its Subsidiaries, and (d)&nbsp;will not result
in the creation or imposition of any Lien on any asset of Parent Borrower or any of other Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.04.&#8239;&#8239;
</FONT><B>Financial Condition; No Material Adverse Change</B>. (a)&#8239;&#8239;The Parent Borrower has heretofore furnished to the Lenders
its consolidated balance sheet and statements of income, stockholders equity and cash flows as of and for the Fiscal Year ended April&nbsp;1,
2023, reported on by Ernst&nbsp;&amp; Young LLP, independent public accountants. Such financial statements present fairly, in all material
respects, the financial position and results of operations and cash flows of the Parent Borrower and its consolidated Subsidiaries as
of such dates and for such periods in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; Since April&nbsp;1,
2023 there has been no material adverse change in the business, operations, property or condition (financial or otherwise) of the Parent
Borrower and its Subsidiaries, taken as a whole.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.05.&#8239;&#8239;
</FONT><B>Properties</B>. (a)&#8239;&#8239;Each of the Parent Borrower and the other Loan Parties has good title to, or valid leasehold
interests in, all its real and personal property material to the operation of its business, except for minor defects in title that do
not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes
or such other defects as, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; Each of the
Parent Borrower and the other Loan Parties owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual
property material to its business as currently conducted, and the use thereof by the Parent Borrower and the other Loan Parties does
not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.06.&#8239;&#8239;
</FONT><B>Litigation and Environmental Matters</B>. (a)&#8239;&#8239;There are no actions, suits or proceedings by or before any arbitrator
or Governmental Authority pending against or, to the knowledge of any Borrower, threatened against or affecting Parent Borrower or any
of its Subsidiaries (i)&nbsp;which could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect
(except for actions, suits or proceedings disclosed prior to April&nbsp;1, 2023 in reports publicly filed by the Parent Borrower under
the Securities Exchange Act of 1934, as amended, which disclosure was true and correct in all material respects as of the date made and
as of the Effective Date) or (ii)&nbsp;that involve this Agreement or the Transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; Except with
respect to any matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect,
neither the Parent Borrower nor any of its Subsidiaries (i)&nbsp;has failed to comply with any Environmental Laws or to obtain, maintain
or comply with any permit, license or other approval required under any Environmental Law, (ii)&nbsp;has become subject to any Environmental
Liability, (iii)&nbsp;has received notice of any claim with respect to any Environmental Liability or (iv)&nbsp;knows of any basis for
any Environmental Liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.07.&#8239;&#8239;
</FONT><B>Compliance with Laws and Agreements</B>. (a)&#8239;&#8239;Each of the Parent Borrower and its Subsidiaries is in compliance with
all laws, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other
instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect. No Default has occurred and is continuing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; The Parent
Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Parent Borrower, its Subsidiaries
and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the Parent Borrower,
its Subsidiaries and, to the knowledge of the Parent Borrower, their respective officers, employees, directors and agents, are in compliance
with Anti-Corruption Laws and applicable Sanctions in all material respects and are not knowingly engaged in any activity that would
reasonably be expected to result in Parent Borrower being designated as a Sanctioned Person. None of (a)&nbsp;the Parent Borrower, any
Subsidiary or, to the knowledge of the Parent Borrower, any of their respective directors, officers or employees, or (b)&nbsp;to the
knowledge of the Parent Borrower, any agent of the Parent Borrower or any Subsidiary that will act in any capacity in connection with
or benefit from the credit facility established hereby, is a Sanctioned Person. No Transactions contemplated by this Agreement will violate
any Anti-Corruption Law or applicable Sanctions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.08.&#8239;&#8239;
</FONT><B>Investment Company Status</B>. Neither the Parent Borrower nor any of its Subsidiaries is&nbsp;required to be registered as
an &ldquo;investment company&rdquo; as defined in, or subject to regulation under, the Investment Company Act of 1940, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.09.&#8239;&#8239;
</FONT><B>Taxes</B>. Each of the Parent Borrower and its Subsidiaries has timely filed or caused to be filed all Tax returns and reports
required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a)&nbsp;Taxes that
are being contested in good faith by appropriate proceedings and for which the Parent Borrower or such Subsidiary, as applicable, has
set aside on its books adequate reserves to the extent required by GAAP or (b)&nbsp;to the extent that the failure to do so could not
reasonably be expected to result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.10.&#8239;&#8239;
</FONT><B>ERISA</B>. (i)&nbsp;Except as could not reasonably be expected to result in a Material Adverse Effect, each Plan is in compliance
with the applicable provisions of ERISA and the provisions of the Code relating to Plans and the regulations and published interpretations
thereunder, and each Foreign Plan is in compliance with applicable non-United States law and regulations thereunder, and (ii)&nbsp;no
ERISA Event or Foreign Plan Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA
Events and Foreign Plan Events for which liability has been imposed or is reasonably expected to occur, could reasonably be expected
to result in a Material Adverse Effect. The present value of all accumulated benefit obligations under each Plan (based on the assumptions
used for purposes of Accounting Standards Codification No.&nbsp;715: Compensation Retirement Benefits) did not, as of the date of the
most recent financial statements reflecting such amounts, exceed by more than $10,000,000 the fair market value of the assets of such
Plan, and the present value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes
of Accounting Standards Codification No.&nbsp;715: Compensation Retirement Benefits) did not, as of the date of the most recent financial
statements reflecting such amounts, exceed by more than $10,000,000 the fair market value of the assets of all such underfunded Plans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.11.&#8239;&#8239;
</FONT><B>Disclosure</B>. All of the reports, financial statements and certificates furnished by or on behalf of any Borrower to the
Administrative Agent or any Lender in connection with the negotiation of this Agreement or hereafter delivered hereunder or reports filed
pursuant to the Securities Exchange Act of 1934, as amended (as modified or supplemented by other information so furnished prior to the
date on which this representation and warranty is made or deemed made) do not contain any material misstatement of fact or omit to state
any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;
<U>provided</U> that, with respect to projected financial information, the Parent Borrower and the Subsidiary Borrowers represent only
that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. As of the Effective Date,
to the best knowledge of the Parent Borrower, the information included in the Beneficial Ownership Certification provided by a Borrower
on or prior to the Effective Date to any Lender in connection with this Agreement is true and correct in all respects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.12.&#8239;&#8239;
</FONT><B>Subsidiary Guarantors</B>. Set forth on <U>Schedule 3.12</U> is a list of each Subsidiary which, in accordance with Section&nbsp;4.01(b),
is required to be a Guarantor under the Guarantee Agreement on the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.13.&#8239;&#8239;
</FONT><B>Anti-Corruption Laws and Sanctions</B>. The Borrowers have implemented and maintain in effect policies and procedures designed
to ensure compliance by the Borrowers, their subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption
Laws and applicable Sanctions, and the Borrowers, their subsidiaries and their respective officers and directors and to the knowledge
of the Borrowers their employees and agents, are in compliance in all material respects with Anti-Corruption Laws and applicable Sanctions
and are not knowingly engaged in any activity that would reasonably be expected to result in a Borrower being designated as a Sanctioned
Person. None of (a)&nbsp;the Borrowers, any Subsidiary, any of their respective directors or officers or to the knowledge of the Borrowers
or such Subsidiary employees, or (b)&nbsp;to the knowledge of the Borrowers, any agent of a Borrower or any Subsidiary that will act
in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter
of Credit, use of proceeds or other transaction contemplated by this Agreement will violate any Anti-Corruption Law or applicable Sanctions.
The foregoing representations in this Section&nbsp;3.13 will not apply to any party hereto to which Council Regulation (EC) 2271/96 (the
 &ldquo;<U>Blocking Regulation</U>&rdquo;) applies, if and to the extent that such representations are or would be unenforceable by or
in respect of that party pursuant to, or would otherwise result in a breach and/or violation of, (i)&nbsp;any provision of the Blocking
Regulation (or any law or regulation implementing the Blocking Regulation in any member state of the European Union) or (ii)&nbsp;any
similar blocking or anti-boycott law in the United Kingdom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.14.&#8239;&#8239;
</FONT><B>EEA Financial Institutions</B>. No Loan Party is an Affected Financial Institution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.15.&#8239;&#8239;
</FONT><B>Plan Assets; Prohibited Transactions</B>. None of the Borrowers or any of their subsidiaries is an entity deemed to hold &ldquo;plan
assets&rdquo; (within the meaning of the Plan Asset Regulations), and neither the execution, delivery nor performance of the transactions
contemplated under this Agreement, including the making of any Loan and the issuance of any Letter of Credit hereunder, will give rise
to a non-exempt prohibited transaction under Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.16.&#8239;&#8239;
</FONT><B>Margin Regulations</B>. The Borrowers are not engaged and will not engage, principally or as one of their important activities,
in the business of purchasing or carrying Margin Stock, or extending credit for the purpose of purchasing or carrying Margin Stock, and
no part of the proceeds of any Borrowing or Letter of Credit extension hereunder will be used to buy or carry any Margin Stock. Following
the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more than 25% of the value of the assets
(either of the Borrowers only or of the Borrowers and their subsidiaries on a consolidated basis) will be Margin Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.17.&#8239;&#8239;
</FONT><B>Compliance with Swiss Non-Bank Rules</B>. (a)&#8239;&#8239; Subject to clause (b)&nbsp;below, each Swiss Borrower represents
that it is at all times in compliance with the Swiss Non-Bank Rules; <U>provided</U>, that, if at any time the aggregate number of Lenders
which are not Swiss Qualifying Banks is less than ten in the aggregate, then for the purposes of determining compliance with the Swiss
20-Non-Bank Rule&nbsp;pursuant to this Section&nbsp;3.17, the relevant Swiss Borrower shall assume that the aggregate number of not Swiss
Qualifying Banks hereunder is 10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; A Swiss Borrower
shall not be in breach of its obligations under clause (a)&nbsp;above if a Swiss Non-Bank Rule&nbsp;is breached as a result of any non-compliance
by a Lender with the provisions of Section&nbsp;10.04 or assignments or transfers of rights and obligations under this Agreement after
the occurrence of an Event of Default to which the Parent Borrower has not consented to resulting in a breach of the Swiss Non-Bank Rules&nbsp;or
one or more Lenders (i)&nbsp;making a misrepresentation as to its status according to Section&nbsp;1.07 as a Swiss Qualifying Bank or
as (only) one Swiss Permitted Non-Qualifying Bank or (ii)&nbsp;ceasing to be a Swiss Qualifying Bank or as (only) one Swiss Permitted
Non-Qualifying Bank after the time it acceded to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;3.18.&#8239;&#8239;
</FONT><B>COMI</B>. For the purposes of Regulation (EU) 2015/848 on insolvency proceedings (recast) (the &ldquo;<U>Regulation</U>&rdquo;),
the centre of main interest (as that term is used in Article&nbsp;3(1)&nbsp;of the Regulation) of RL Finance B.V. is situated in the
Netherlands and it has no establishment (as that term is used in Article&nbsp;2(10)&nbsp;of the Regulation) in any other jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE&nbsp;IV</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Conditions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;4.01.&#8239;&#8239;
</FONT><B>Effective Date</B>. The obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder
shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section&nbsp;10.02):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;
The Administrative Agent (or its counsel) shall have received from each party hereto either (i)&nbsp;a counterpart of this Agreement
signed on behalf of such party or (ii)&nbsp;written evidence reasonably satisfactory to the Administrative Agent (which may include telecopy
or electronic transmission of a signed signature page&nbsp;of this Agreement) that such party has signed a counterpart of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;
The Administrative Agent shall have received the Guarantee Agreement executed and delivered by each Domestic Subsidiary, if any, which,
as of the Effective Date, is a Significant Subsidiary (as defined in Regulation S-X, part 210.1-02 of Title 17 of the Code of Federal
Regulations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)&#8239;&#8239;
[Reserved].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(d)&#8239;&#8239;
The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders and dated
the Effective Date) of Kelley Drye&nbsp;&amp; Warren LLP, counsel for the Loan Parties, substantially in the form of Exhibit&nbsp;B.
The Borrowers hereby request Kelley Drye&nbsp;&amp; Warren LLP to deliver the opinion provided for in the preceding sentence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(e)&#8239;
The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably
request relating to the organization, existence and good standing of the Loan Parties, the authorization of the Transactions by the Loan
Parties and any other legal matters relating to the Loan Parties, this Agreement or the Transactions, all in form and substance reasonably
satisfactory to the Administrative Agent and its counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(f)&#8239;&#8239;&#8239;
The Administrative Agent shall have received a certificate, dated the Effective Date and signed by the President or a Financial Officer
of the Parent Borrower, confirming compliance with the conditions set forth in paragraphs&nbsp;(a)&nbsp;and (b)&nbsp;of Section&nbsp;4.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(g)&#8239;&#8239;
The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Effective Date, including,
to the extent invoiced at least one Business Day prior to the Effective Date, reimbursement or payment of all out-of-pocket expenses
required to be reimbursed or paid by the Parent Borrower hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(h)&#8239;&#8239;
(i)&nbsp;The Administrative Agent shall have received, at least five days prior to the Effective Date, all documentation and other information
regarding the Borrowers requested in connection with applicable &ldquo;know your customer&rdquo; and anti-money laundering rules&nbsp;and
regulations, including the Patriot Act, to the extent requested in writing of the Borrowers at least 10 days prior to the Effective Date
and (ii)&nbsp;to the extent a Borrower qualifies as a &ldquo;legal entity customer&rdquo; under the Beneficial Ownership Regulation,
at least five days prior to the Effective Date, any Lender that has requested, in a written notice to such Borrower at least 10 days
prior to the Effective Date, a Beneficial Ownership Certification in relation to such Borrower shall have received such Beneficial Ownership
Certification (<I>provided</I> that, upon the execution and delivery by such Lender of its signature page&nbsp;to this Agreement, the
condition set forth in this <U>clause (ii)</U>&nbsp;shall be deemed to be satisfied; <I>further provided </I>that, the Borrowers shall
not be required to provide any personal data or information with respect to any individual, including without limitation personally identifiable
information, unless such data or information is required to be provided under applicable &ldquo;know your customer&rdquo; and anti-money
laundering rules&nbsp;and regulations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Administrative Agent shall notify the Parent
Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding. On the Effective Date, (i)&nbsp; the
Commitments of the Lenders shall be as set forth on Schedule 2.01 and (ii)&nbsp;each obligation of the Loan Parties hereunder and under
each Loan Document shall be deemed to be obligations of the Loan Parties under the Loan Documents. Notwithstanding the foregoing, the
obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective unless
each of the foregoing conditions is satisfied (or waived pursuant to Section&nbsp;10.02) at or prior to 3:00 p.m., New York City time,
on June&nbsp;30, 2023 (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;4.02.&#8239;&#8239;
</FONT><B>Each Credit Event</B>. The obligation of each Lender to make a Loan on the occasion of any Borrowing, but excluding a conversion
of all or a portion of a Borrowing from one Type to the other or a continuation of all or a portion of a Borrowing of the same Type pursuant
to Section&nbsp;2.06, and of each Issuing Bank to issue, increase, renew or extend any Letter of Credit, is subject to the satisfaction
of the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;
The representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material
respects (or, in the case of any representation and warranty qualified by materiality, in all respects) on and as of the date of such
Borrowing or the date of issuance, increase, renewal or extension of such Letter of Credit, as applicable (other than such representations
as are made as of a specific earlier date, in which case such representations and warranties shall be true and correct in all material
respects as of such earlier date (or, in the case of any representation and warranty qualified by materiality, in all respects as of
such earlier date)); <U>provided</U>, <U>however</U>, that if the proceeds of such Loan are being used to refinance maturing commercial
paper issued by the Parent Borrower, then the representations and warranties in Sections 3.04(b)&nbsp;and 3.06(a)&nbsp;shall not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;
At the time of and immediately after giving effect to such Borrowing or the issuance, increase, renewal or extension of such Letter of
Credit, as applicable, no Default shall have occurred and be continuing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each Borrowing and each issuance, increase, renewal
or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the applicable Borrower on the date
thereof as to the matters specified in paragraphs (a)&nbsp;and (b)&nbsp;of this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;4.03.&#8239;&#8239;
</FONT><B>Additional Condition to Initial Borrowing by Subsidiary Borrowers</B>. The obligations of the Lenders to make the initial Loan
to a particular Subsidiary Borrower shall not become effective, with respect to such Subsidiary Borrower, until the date on which the
Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders) of non-U.S.
counsel for such Subsidiary Borrower in form and substance customary and typical for such opinion and reasonably satisfactory to the
Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE&nbsp;V</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Affirmative
Covenants</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Until the Commitments have
expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full
and all Letters of Credit shall have expired or terminated and all LC Disbursements shall have been reimbursed, the Parent Borrower covenants
and agrees with the Lenders that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;5.01.&#8239;&#8239;
</FONT><B>Financial Statements; Ratings Change and Other Information</B>. The Parent Borrower will furnish to each Lender through the
Administrative Agent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;
within 90&nbsp;days after the end of each Fiscal Year, the Parent Borrower&rsquo;s audited consolidated balance sheet and related statements
of operations, stockholders&rsquo; equity and cash flows as of the end of and for such Fiscal Year, setting forth in each case in comparative
form the figures for the previous Fiscal Year, all reported on by Ernst&nbsp;&amp; Young LLP or other independent public accountants
of recognized national standing (without a &ldquo;going concern&rdquo; or like qualification or exception and without any qualification
or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material
respects the financial condition and results of operations of the Parent Borrower and its consolidated Subsidiaries on a consolidated
basis in accordance with GAAP consistently applied; <U>provided</U>, <U>however</U>, that, so long as the Parent Borrower is required
to file reports under Section&nbsp;13 of the Securities and Exchange Act of 1934, as amended, the requirements of this paragraph shall
be deemed satisfied by the delivery of, the Annual Report of the Parent Borrower on Form&nbsp;10-K (or any successor form as prescribed
by the Securities and Exchange Commission) for such Fiscal Year, signed by the duly authorized officer or officers of the Parent Borrower;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;
within 60&nbsp;days after the end of each of the first three Fiscal Quarters, the Parent Borrower&rsquo;s consolidated balance sheet
and related statements of operations, stockholders&rsquo; equity and cash flows as of the end of and for such Fiscal Quarter and the
then elapsed portion of the Fiscal Year, setting forth in each case in comparative form the figures for the corresponding period or periods
of (or, in the case of the balance sheet, as of the end of) the previous Fiscal Year, all certified by one of its Financial Officers
as presenting fairly in all material respects the financial condition and results of operations of the Parent Borrower and its consolidated
Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the
absence of footnotes; <U>provided</U>, <U>however</U>, that, so long as the Parent Borrower is required to file reports under Section&nbsp;13
of the Securities and Exchange Act of 1934, as amended, the requirements of this paragraph shall be deemed satisfied by the delivery
of the Quarterly Report of the Parent Borrower on Form&nbsp;10-Q (or any successor form as prescribed by the Securities and Exchange
Commission) for the relevant Fiscal Quarter, signed by the duly authorized officer or officers of the Parent Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)&#8239;&#8239;
concurrently with any delivery of financial statements under clause (a)&nbsp;or (b)&nbsp;above, a certificate of a Financial Officer
of the Parent Borrower (i)&nbsp;stating that he or she has obtained no knowledge that a Default has occurred (except as set forth in
such certificate), (ii)&nbsp;if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with
respect thereto, (iii)&nbsp;setting forth reasonably detailed calculations demonstrating compliance with Section&nbsp;6.07; and (iv)&nbsp;stating
whether any change in GAAP or in the application thereof has occurred since the date of the audited financial statements referred to
in Section&nbsp;3.04 which has had an effect on such financial statements and, if any such change has occurred, specifying the effect
of such change on the financial statements accompanying such certificate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(d)&#8239;&#8239;
concurrently with any delivery of financial statements under clause (a)&nbsp;above, a certificate of the accounting firm that reported
on such financial statements stating whether they obtained knowledge during the course of their examination of such financial statements
of any Default (which certificate may be limited to the extent required by accounting rules&nbsp;or guidelines);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(e)&#8239;&#8239;
promptly after the same become publicly available, copies of all other periodic and other reports, proxy statements and other materials
filed by the Parent Borrower or any Subsidiary with the Securities and Exchange Commission, or any Governmental Authority succeeding
to any or all of the functions of said Commission, or with any national securities exchange, or distributed by the Parent Borrower to
its shareholders generally, as the case may be;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(f)&#8239;&#8239;
promptly after the Parent Borrower shall have received notice that Moody&rsquo;s or S&amp;P has announced a change in the rating established
or deemed to have been established for the Index Debt, written notice of such rating change;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(g)&#8239;&#8239;
promptly following any request therefor, (x)&nbsp;such other information regarding the business affairs or financial position of the
Parent Borrower or any other Loan Party, or compliance with the terms of this Agreement, as the Administrative Agent on behalf of any
Lender may reasonably request and (y)&nbsp;information and documentation reasonably requested by the Administrative Agent or any Lender
for purposes of compliance with applicable &ldquo;know your customer&rdquo; and anti-money laundering rules&nbsp;and regulations, including
the Patriot Act and the Beneficial Ownership Regulation, provided that </FONT>the Parent Borrower shall not be required to provide any
personal data or information with respect to any individual, including without limitation personally identifiable information, unless
such data or information is required to be provided under applicable &ldquo;know your customer&rdquo; and anti-money laundering rules&nbsp;and
regulations; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(h)&#8239;&#8239;
promptly after receipt thereof by any Borrower or any Subsidiary, copies of each written notice or other written correspondence received
from the Securities and Exchange Commission (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation
or possible investigation or other inquiry by the Securities and Exchange Commission or such other agency regarding financial or other
operational results of any Borrower or any Subsidiary thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;5.02.&#8239;&#8239;
</FONT><B>Notices of Material Events</B>. The Parent Borrower will furnish to the Lenders through the Administrative Agent prompt written
notice of the following after the Parent Borrower shall have obtained knowledge thereof:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;
the occurrence of any Default;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;
the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting
the Parent Borrower or its Subsidiaries that, if adversely determined, could reasonably be expected to result in a Material Adverse Effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)&#8239;&#8239;
the occurrence of any ERISA Event or Foreign Plan Event that, alone or together with any other ERISA Events or Foreign Plan Events that
have occurred, could reasonably be expected to result in liability of any Loan Party or any of its ERISA Affiliates in an aggregate amount
exceeding $10,000,000;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(d)&#8239;&#8239;
any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(e)&#8239;&#8239;
any change in the information provided in the Beneficial Ownership Certification delivered to such Lender that would result in a change
to the list of beneficial owners identified in such certification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each notice delivered under this Section&nbsp;shall
be accompanied by a statement of a Financial Officer or other executive officer of the Parent Borrower setting forth the details of the
event or development requiring such notice and any action taken or proposed to be taken with respect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;5.03.&#8239;&#8239;
</FONT><B>Existence; Conduct of Business</B>. The Parent Borrower will, and will cause each of its Subsidiaries to, do or cause to be
done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits,
privileges and franchises material to the conduct of its business except, in each case (other than the case of the foregoing requirements
insofar as they relate to the legal existence of the Borrowers and the Guarantors), to the extent that failure to do so could not reasonably
be expected to result in a Material Adverse Effect; <U>provided</U> that the foregoing shall not prohibit any merger, consolidation,
liquidation or dissolution permitted under Section&nbsp;6.04.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;5.04.&#8239;&#8239;
</FONT><B>Payment of Obligations</B>. The Parent Borrower will, and will cause each of its Subsidiaries to, pay its obligations, including
Tax liabilities, that, if not paid, could reasonably be expected to result in a Material Adverse Effect before the same shall become
delinquent or in default, except where (a)&nbsp;the validity or amount thereof is being contested in good faith by appropriate proceedings,
(b)&nbsp;the Parent Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with
GAAP and (c)&nbsp;the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;5.05.&#8239;&#8239;
</FONT><B>Maintenance of Properties; Insurance</B>. Except where the failure to do so could not reasonably be expected to result in a
Material Adverse Effect, the Parent Borrower will, and will cause each of its Subsidiaries to, (a)&nbsp;keep and maintain all property
material to the conduct of its business in good working order and condition, ordinary wear and tear excepted and except for surplus and
obsolete properties, and (b)&nbsp;maintain, with financially sound and reputable insurance companies, insurance on such of its property
and in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating
in the same or similar locations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;5.06.&#8239;&#8239;
</FONT><B>Books and Records; Inspection Rights</B>. The Parent Borrower will, and will cause each of its Subsidiaries to, keep proper
books of record and account in which entries in conformity in all material respects with all applicable laws, rules&nbsp;and regulations
of any Governmental Authority are made of all dealings and transactions in relation to its business and activities. The Parent Borrower
will, and will cause each of its Subsidiaries to, on an annual basis at the request of the Administrative Agent (or at any time after
the occurrence and during the continuance of a Default), permit any representatives designated by the Administrative Agent or any Lender
(at such Lender&rsquo;s expense), upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from
its books and records (other than materials protected by the attorney-client privilege and materials which the Parent Borrower or such
Subsidiary, as applicable, may not disclose without violation of a confidentiality obligation binding upon it), and to discuss its affairs,
finances and condition with its officers and independent accountants, so long as afforded opportunity to be present, all during reasonable
business hours. It is understood that so long as no Event of Default has occurred and is continuing, such visits and inspections shall
be coordinated through the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;5.07.&#8239;&#8239;
</FONT><B>Compliance with Laws</B>. The Parent Borrower will, and will cause each of its Subsidiaries to, comply with all laws, rules,
regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually
or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The Parent Borrower will maintain in effect
and enforce policies and procedures designed to ensure compliance by the Parent Borrower, its Subsidiaries and their respective directors,
officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;5.08.&#8239;&#8239;
</FONT><B>Compliance with Swiss Non-Bank Rules</B>. (a)&#8239;&#8239;Subject to clause (b)&nbsp;below, each Swiss Borrower will comply
with the Swiss Non-Bank Rules; <U>provided</U>, that, if at any time the aggregate number of Lenders which are not Swiss Qualifying Banks
is less than ten in the aggregate, then for the purposes of determining compliance with the Swiss 20-Non-Bank Rule&nbsp;pursuant to this
Section&nbsp;5.08, the relevant Swiss Borrower shall assume that the aggregate number of not Swiss Qualifying Banks hereunder is 10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; A Swiss Borrower
shall not be in breach of its obligations under clause (a)&nbsp;above if a Swiss Non-Bank Rule&nbsp;is breached as a result of any non-compliance
by a Lender with the provisions of Section&nbsp;10.04 or assignments or transfers of rights and obligations under this Agreement after
the occurrence of an Event of Default to which the Parent Borrower has not consented to resulting in a breach of the Swiss Non-Bank Rules&nbsp;or
one or more Lenders (i)&nbsp;making a misrepresentation as to its status according to Section&nbsp;1.07 as a Swiss Qualifying Bank or
as (only) one Swiss Permitted Non-Qualifying Bank or (ii)&nbsp;ceasing to be a Swiss Qualifying Bank or as (only) one Swiss Permitted
Non-Qualifying Bank after the time it acceded to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;5.09.&#8239;&#8239;
</FONT><B>Use of Proceeds and Letters of Credit</B>. The proceeds of the Loans will be used only to finance the working capital needs,
capital expenditures, Permitted Acquisitions,&nbsp;Investments permitted under Section&nbsp;6.05 and general corporate purposes of the
Parent Borrower and its Subsidiaries (including the initiation and maintenance of a commercial paper program, the refinancing of commercial
paper and the refinancing of the Existing Credit Agreement). No part of the proceeds of any Loan will be used, whether directly or indirectly,
for the purpose of purchasing or carrying, or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or
for any other purpose that entails a violation of any such regulations. The Commercial Letters of Credit shall be used solely to finance
purchases of goods by the Parent Borrower and its Subsidiaries in the ordinary course of their business, and the Standby Letters of Credit
shall be used solely for the purposes described in the definition of such term in Section&nbsp;1.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;5.10.&#8239;&#8239;
</FONT><B>Guarantee Agreement Supplement</B>. Each Domestic Subsidiary that becomes a Significant Subsidiary subsequent to the Effective
Date shall promptly (and in any event within 60 days of becoming a Significant Subsidiary) execute and deliver to the Administrative
Agent (with a counterpart for each Lender) a supplement to the Guarantee Agreement pursuant to which such Subsidiary shall become a party
thereto as a Guarantor, together with such other documents and legal opinions with respect thereto as the Administrative Agent shall
reasonably request (which documents and opinions shall be in form and substance reasonably satisfactory to the Administrative Agent).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE&nbsp;VI</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Negative
Covenants</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Until the Commitments have
expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full and all Letters
of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, the Parent Borrower covenants and agrees with
the Lenders that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;6.01.&#8239;&#8239;
</FONT><B>Indebtedness</B>. The Parent Borrower will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist
any Indebtedness, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;
Indebtedness created hereunder and under the other Loan Documents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&#8239;
Indebtedness existing on the Effective Date and set forth in Schedule&nbsp;6.01 and extensions, renewals and replacements of any such
Indebtedness that do not increase the outstanding principal amount thereof or shorten the final maturity or weighted average life to
maturity thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#8239;&#8239; Indebtedness of the
Parent Borrower to any Subsidiary and of any Subsidiary to the Parent Borrower or any other Subsidiary;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(d)&#8239;&#8239;
Guarantees by the Parent Borrower of Indebtedness of any Subsidiary and by any Subsidiary of Indebtedness of the Parent Borrower or any
other Subsidiary;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)&#8239;&#8239;
Indebtedness of the Parent Borrower or any Subsidiary incurred to finance the acquisition, construction or improvement of any real property,
fixed or capital assets, including </FONT>Finance Lease Obligations, and extensions, renewals and replacements of any such Indebtedness
that do not increase the outstanding principal amount thereof; <U>provided</U> that such Indebtedness is incurred no more than 90 days
prior to or within 90 days after such acquisition or the completion of such construction or improvement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(f)&#8239;&#8239;
Indebtedness acquired or assumed in Permitted Acquisitions and extensions, renewals and replacements of any such indebtedness that do
not increase the outstanding principal amount thereof or shorten the final maturity or weighted average life to maturity thereof or have
different obligors;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(g)&#8239;&#8239;
Priority Indebtedness (excluding any Indebtedness permitted by Sections 6.01(e)&nbsp;and (f)) in an aggregate principal amount at any
one time outstanding not to exceed 10% of the Parent Borrower&rsquo;s then Consolidated Net Worth as of the then most recently ended
Fiscal Quarter for which financial statements shall have been delivered to the Lenders pursuant to Section&nbsp;5.01 (or, if prior to
the date of the delivery of the first financial statements to be delivered pursuant to Section&nbsp;5.01, the most recent financial statements
referred to in Section&nbsp;3.04(a));</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(h)&#8239;&#8239;
Unsecured Indebtedness (excluding any Indebtedness permitted by Section&nbsp;6.01(f)), not otherwise permitted by this Section, of any
Borrower or any Subsidiary which is a Guarantor so long as (i)&nbsp;on a pro forma basis after giving effect to the incurrence of such
Indebtedness, the ratio of (x)&nbsp;Adjusted Debt then outstanding to (y)&nbsp;Consolidated EBITDAR for the then most recently ended
period of four consecutive Fiscal Quarters for which financial statements shall have been delivered to the Lenders pursuant to Section&nbsp;5.01
(or, if prior to the date of the delivery of the first financial statements to be delivered pursuant to Section&nbsp;5.01, the most recent
financial statements referred to in Section&nbsp;3.04(a)) is not greater than 3.75 to 1.00;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;
Indebtedness under Swap Agreements not entered into for speculative purposes; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(j)&#8239;&#8239;
Any joint and several liability as a result of a fiscal unity (<I>fiscale eenheid</I>) for Dutch tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">For purposes of this subsection
6.01, any Person becoming a Subsidiary of the Parent Borrower after the date of this Agreement shall be deemed to have incurred all of
its then outstanding Indebtedness at the time it becomes a Subsidiary, and any Indebtedness assumed by the Parent Borrower or any of
its Subsidiaries shall be deemed to have been incurred on the date of assumption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;6.02.&#8239;&#8239;
</FONT><B>Liens</B>. The Parent Borrower will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any
Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable)
or rights in respect of any thereof, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;
Permitted Encumbrances;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;
Liens existing on the Effective Date and set forth on Schedule 6.02;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)&#8239;&#8239;
any Lien on any property or asset of the Parent Borrower or any Subsidiary securing Indebtedness permitted by Section&nbsp;6.01(e)&nbsp;incurred
to acquire, construct or improve such property or asset;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(d)&#8239;&#8239;
Liens solely constituting the right of any other Person to a share of any licensing royalties (pursuant to a licensing agreement or other
related agreement entered into by the Parent Borrower or any of its Subsidiaries with such Person in the ordinary course of the Parent
Borrower&rsquo;s or such Subsidiary&rsquo;s business) otherwise payable to the Parent Borrower or any of its Subsidiaries, <I>provided
</I>that such right shall have been conveyed to such Person for consideration received by the Parent Borrower or such Subsidiary on an
arm&rsquo;s-length basis;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(e)&#8239;&#8239;
Liens arising from precautionary Uniform Commercial Code financing statement filings with respect to Operating Leases entered into by
the Parent Borrower or any of its Subsidiaries in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(f)&#8239;&#8239;
Liens securing Indebtedness described in clause (a)&nbsp;of the definition of Priority Indebtedness to the extent such Priority Indebtedness
is permitted under Section&nbsp;6.01(g);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(g)&#8239;&#8239;
Liens securing Indebtedness permitted under Section&nbsp;6.01(c);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(h)&#8239;&#8239;
Bankers&rsquo; liens and rights of setoff with respect to customary depository or other banking arrangements entered into in the ordinary
course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;
Liens attaching solely to cash earnest money or similar deposits in connection with any letter of intent or purchase agreement in connection
with a Permitted Acquisition;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(j)&#8239;&#8239;
Liens arising from precautionary Uniform Commercial Code financing statement filings with respect to consignments, <I>provided</I> that
such Liens extend solely to the assets subject to such consignments; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(k)&#8239;&#8239;
Liens, including any netting or set-off, as a result of a fiscal unity (<I>fiscale eenheid</I>) for Dutch tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;6.03.&#8239;&#8239;
</FONT><B>Sale of Assets</B>. The Parent Borrower will not, nor will it permit any of its Subsidiaries to, sell, lease, transfer or otherwise
dispose of (in one transaction or a series of transactions) all or substantially all of the assets of the Parent Borrower and its Subsidiaries
taken as a whole.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;6.04.&#8239;&#8239;
</FONT><B>Fundamental Changes</B>. (a)&#8239;&#8239;The Parent Borrower will not, and will not permit any Subsidiary to, merge into or
consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or liquidate or dissolve, <U>except
</U>that, if at the time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing, (i)&nbsp;any
Subsidiary may merge into the Parent Borrower in a transaction in which the Parent Borrower is the surviving corporation, (ii)&nbsp;any
Subsidiary (including a Guarantor) may merge into any other Subsidiary in a transaction in which the surviving entity is a Subsidiary
(<I>provided</I> that, in the case of a merger of a Subsidiary that is not a Subsidiary Borrower into a Subsidiary Borrower in which
the surviving Subsidiary is not the Subsidiary Borrower, the surviving Subsidiary shall execute and deliver to the Administrative Agent
an assumption agreement expressly assuming the Subsidiary Obligations of such Subsidiary Borrower under this Agreement), and (iii)&nbsp;any
Subsidiary may liquidate or dissolve if the Parent Borrower determines in good faith that such liquidation or dissolution is in the best
interests of the Parent Borrower and its Subsidiaries and is not materially disadvantageous to the Lenders and <U>except</U> that the
Parent Borrower or any Subsidiary may effect any acquisition permitted by Section&nbsp;6.05 by means of a merger of the Person that is
the subject of such acquisition with the Parent Borrower or any of its Subsidiaries (<I>provided</I> that, in the case of a merger with
the Parent Borrower, the Parent Borrower is the survivor); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; The Parent
Borrower will not, and will not permit any of its Subsidiaries to, engage to any material extent in any business other than a Related
Line of Business; <U>provided</U>, that the Parent Borrower and any Subsidiary may engage in any business or businesses which are not
Related Lines of Business, so long as the Investments made by the Parent Borrower and/or the Subsidiaries in such businesses do not exceed
$750,000,000 in the aggregate, which amount shall be included in the aggregate amount for Investments permitted under Section&nbsp;6.05(j).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;6.05.&#8239;&#8239;
</FONT><B>Investments, Loans, Advances, Guarantees and Acquisitions</B>. The Parent Borrower will not, and will not permit any of its
Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior
to such merger) any capital stock, evidences of indebtedness or other securities (including any option, warrant or other right to acquire
any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist
any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions)
any assets of any other Person constituting a business unit or the rights of any licensee under a trademark license to such licensee
from the Parent Borrower or any of its Affiliates, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&#8239;&#8239; Permitted Investments;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; investments
by the Parent Borrower or a Subsidiary in the capital stock of its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; loans or advances
made by the Parent Borrower to, and Guarantees by the Parent Borrower of obligations of, any Subsidiary, and loans or advances made by
any Subsidiary to, and Guarantees by any Subsidiary of obligations of, the Parent Borrower or any other Subsidiary;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; Guarantees
constituting Indebtedness permitted by Section&nbsp;6.01;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; advances or
loans made in the ordinary course of business to employees of the Parent Borrower and its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&#8239;&#8239;&#8239; existing Investments
not otherwise permitted under this Agreement and described in Schedule 6.05 hereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&#8239; Investments
received in connection with the bona fide settlement of any defaulted Indebtedness or other liability owed to the Parent Borrower or
any Subsidiary;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&#8239;&#8239; Permitted Acquisitions;
<U>provided</U> that if, as a result of a Permitted Acquisition, (i)&nbsp;a new Domestic Subsidiary shall be created and such Domestic
Subsidiary is a &ldquo;Significant Subsidiary&rdquo; (as defined in Regulation S-X, part 210.1-02 of Title 17 of the Code of Federal
Regulations) or (ii)&nbsp;any then existing Domestic Subsidiary shall become such a Significant Subsidiary, such Domestic Subsidiary
shall thereafter become party to the Guarantee Agreement as a Guarantor in accordance with Section&nbsp;5.10;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&#8239;&#8239;&#8239; Swap Agreements
not entered into for speculative purposes; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)&#8239;&#8239;&#8239; Investments,
in addition to Investments permitted under clauses (a)&nbsp;through (h)&nbsp;of this Section&nbsp;6.05, but including Investments permitted
under Section&nbsp;6.04(b)&nbsp;made after the date hereof in an aggregate amount not to exceed $750,000,000 in any Person or Persons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;6.06.&#8239;&#8239;
</FONT><B>Transactions with Affiliates</B>. The Parent Borrower will not, and will not permit any of its Subsidiaries to, sell, lease
or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage
in any other transactions with, (a)&nbsp;any of its Affiliates, (b)&nbsp;a spouse or any relative (by blood, adoption or marriage) within
the third degree of any such Affiliate or (c)&nbsp;any other Person which is an Affiliate of any such spouse or relative, except (x)&nbsp;in
the ordinary course of business at prices and on terms and conditions, in the aggregate (taking into account all of the Parent Borrower&rsquo;s
or such Subsidiary&rsquo;s transactions with, and the benefits to the Parent Borrower and its Subsidiaries derived from the Parent Borrower&rsquo;s
or such Subsidiary&rsquo;s Investment in, such Affiliate), not less favorable to the Parent Borrower or such Subsidiary than could be
obtained on an arm&rsquo;s-length basis from unrelated third parties, excluding customary compensation paid to, and indemnity provided
on behalf of, directors, officers and employees of the Parent Borrower and any Subsidiary and (y)&nbsp;transactions between or among
the Parent Borrower and its Subsidiaries not involving any other Affiliate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;6.07.&#8239;&#8239;
</FONT><B>Financial Covenant</B>. The Parent Borrower will not permit the Consolidated Leverage Ratio to be greater than 4.25 to 1.00
as of the last day of any period of four consecutive Fiscal Quarters; <U>provided, however</U>, that if the Parent Borrower or any Subsidiary
makes a Permitted Acquisition that involves the payment of consideration by the Parent Borrower and its Subsidiaries in excess of $200,000,000,
the Consolidated Leverage Ratio as of the end of the Fiscal Quarter in which such Permitted Acquisition is made and as of the end of
the next three consecutive Fiscal Quarters shall not be greater than 4.75 to 1.00.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;6.08.&#8239;&#8239;
</FONT><B>Anti-Corruption Laws and Sanctions</B>. The Parent Borrower will not request any Borrowing or Letter of Credit, and the Parent
Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents
shall not use, the proceeds of any Borrowing or Letter of Credit (A)&nbsp;for the purpose of funding payments to any officer or employee
of a Governmental Authority, or any Person controlled by a Governmental Authority, or any political party, official of a political party,
candidate for political office, or anyone else acting in an official capacity, in furtherance of an offer, payment, promise to pay, or
authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B)&nbsp;for
the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any
Sanctioned Country, or (C)&nbsp;in any manner that would result in the violation of any Sanctions applicable to any party hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE&nbsp;VII</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Events
of Default</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">If any of the following events
(each, an &ldquo;<U>Event of Default</U>&rdquo;) shall occur:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&#8239;&#8239;
any Borrower shall fail to pay (i)&nbsp;any principal of any Loan when and as the same shall become due and payable, whether at the due
date thereof or at a date fixed for prepayment thereof or otherwise, or (ii)&nbsp;any reimbursement obligation in respect of any LC Disbursement
when and as the same shall become due and payable and such failure to pay such reimbursement obligation shall continue unremedied for
a period of five Business Days;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;
any Borrower shall fail to pay any interest on any Loan or unreimbursed LC Disbursement or any fee or any other amount (other than an
amount referred to in clause (a)&nbsp;of this Article) payable under this Agreement, when and as the same shall become due and payable,
and such failure shall continue unremedied for a period of five days;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)&#8239;&#8239;
any representation or warranty made or deemed made by or on behalf of the Parent Borrower or any Subsidiary in or in connection with
this Agreement or the Guarantee Agreement or any amendment or modification hereof or thereof or waiver hereunder or thereunder, or in
any report, certificate, financial statement or other document furnished pursuant to or in connection with this Agreement or the Guarantee
Agreement or any amendment or modification hereof or thereof or waiver hereunder or thereunder, shall prove to have been incorrect in
any material respect when made or deemed made;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(d)&#8239;&#8239;
the Parent Borrower shall fail to observe or perform any covenant, condition or agreement contained in Section&nbsp;5.03 (with respect
to each Borrower&rsquo;s existence) or 5.09 or in Article&nbsp;VI;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(e)&#8239;&#8239;
the Parent Borrower shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those
specified in clause (a), (b)&nbsp;or (d)&nbsp;of this Article), and such failure shall continue unremedied for a period of 30&nbsp;days
after notice thereof from the Administrative Agent to the Parent Borrower (which notice will be given at the request of any Lender);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(f)&#8239;&#8239;
the Parent Borrower or any Subsidiary shall fail to make any payment of principal or interest, regardless of amount, in respect of any
Material Indebtedness, when and as the same shall become due and payable beyond the period (without giving effect to any extensions,
waivers, amendments or other modifications of or to such period) of grace, if any, provided in the instrument or agreement under which
such Material Indebtedness was created, and, prior to any termination of Commitments or the acceleration of payment of Loans pursuant
to this Article&nbsp;VII, such failure is not waived in writing by the holders of such Material Indebtedness;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(g)&#8239;&#8239;
any event or condition occurs (after giving effect to any applicable grace periods and after giving effect to any extensions, waivers,
amendments or other modifications of any applicable provision or agreement) that results in any Material Indebtedness becoming due prior
to its scheduled maturity or that enables or permits the holder or holders of any Material Indebtedness or any trustee or agent on its
or their behalf to cause, with the giving of an acceleration or similar notice if required, any Material Indebtedness to become due,
or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; <U>provided</U> that this
clause&nbsp;(g)&nbsp;shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property
or assets securing such Indebtedness to the extent such Indebtedness is paid when due;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(h)&#8239;&#8239;
an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i)&nbsp;liquidation, reorganization or
other relief in respect of the Parent Borrower or any Subsidiary or its debts, or of a substantial part of its assets, under any Federal,
state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii)&nbsp;the appointment of a provisional
liquidator, liquidator, receiver, trustee, custodian, sequestrator, conservator or similar official for the Parent Borrower or any Subsidiary
or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for 60&nbsp;days
or an order or decree approving or ordering any of the foregoing shall be entered; <U>provided</U>, <U>however</U>, that the occurrence
of any of the events specified in this paragraph (h)&nbsp;with respect to any Person other than the Parent Borrower shall not be deemed
to be an Event of Default unless (x)&nbsp;the net assets of such Person, determined in accordance with GAAP, shall have exceeded $20,000,000
as of the date of the most recent audited financial statements delivered to the Lenders pursuant to Section&nbsp;5.01 (or, if prior to
the date of the delivery of the first financial statements to be delivered pursuant to Section&nbsp;5.01, the most recent financial statements
referred to in Section&nbsp;3.04(a)) or on the date of occurrence of any such event and/or (y)&nbsp;the aggregate net assets of all Loan
Parties and other Subsidiaries in respect of which any of the events specified in this paragraph (h)&nbsp;and in paragraphs (i)&nbsp;and
(j)&nbsp;of this Article&nbsp;VII shall have occurred shall have exceeded $50,000,000 as of the date of the most recent audited financial
statements delivered to the Lenders pursuant to Section&nbsp;5.01 (or, if prior to the date of the delivery of the first financial statements
to be delivered pursuant to Section&nbsp;5.01, the most recent financial statements referred to in Section&nbsp;3.04(a)) or on the date
of occurrence of any such event;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;
the Parent Borrower or any Subsidiary shall (i)&nbsp;voluntarily commence any proceeding or file any petition seeking liquidation, reorganization
or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii)&nbsp;consent
to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h)&nbsp;of
this Article, (iii)&nbsp;apply for or consent to the appointment of a provisional liquidator, liquidator, receiver, trustee, custodian,
sequestrator, conservator or similar official for the Parent Borrower or any Subsidiary or for a substantial part of its assets, (iv)&nbsp;file
an answer admitting the material allegations of a petition filed against it in any such proceeding, (v)&nbsp;make a general assignment
for the benefit of creditors or (vi)&nbsp;take any action for the purpose of effecting any of the foregoing; <U>provided</U>, <U>however</U>,
that the occurrence of any of the events specified in this paragraph (i)&nbsp;with respect to any Person other than any Borrower shall
not be deemed to be an Event of Default unless (x)&nbsp;the net assets of such Person, determined in accordance with GAAP, shall have
exceeded $20,000,000 as of the date of the most recent audited financial statements delivered to the Lenders pursuant to Section&nbsp;5.01
(or, if prior to the date of the delivery of the first financial statements to be delivered pursuant to Section&nbsp;5.01, the most recent
financial statements referred to in Section&nbsp;3.04(a)) or on the date of occurrence of any such event and/or (y)&nbsp;the aggregate
net assets of all Loan Parties and other Subsidiaries in respect of which any of the events specified in this paragraph (i)&nbsp;and
in paragraphs (h)&nbsp;and (j)&nbsp;of this Article&nbsp;VII shall have occurred shall have exceeded $50,000,000 as of the date of the
most recent audited financial statements delivered to the Lenders pursuant to Section&nbsp;5.01 (or, if prior to the date of the delivery
of the first financial statements to be delivered pursuant to Section&nbsp;5.01, the most recent financial statements referred to in
Section&nbsp;3.04(a)) or on the date of occurrence of any such event;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(j)&#8239;&#8239;
the Parent Borrower or any Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as they
become due; <U>provided</U>, <U>however</U>, that the occurrence of any of the events specified in this paragraph (j)&nbsp;with respect
to any Person other than any Borrower shall not be deemed to be an Event of Default unless (x)&nbsp;the net assets of such Person, determined
in accordance with GAAP, shall have exceeded $20,000,000 as of the date of the most recent audited financial statements delivered to
the Lenders pursuant to Section&nbsp;5.01 (or, if prior to the date of the delivery of the first financial statements to be delivered
pursuant to Section&nbsp;5.01, the most recent financial statements referred to in Section&nbsp;3.04(a)) or on the date of occurrence
of any such event and/or (y)&nbsp;the aggregate net assets of all Loan Parties and other Subsidiaries in respect of which any of the
events specified in this paragraph (j)&nbsp;and in paragraphs (h)&nbsp;and (i)&nbsp;of this Article&nbsp;VII shall have occurred shall
have exceeded $50,000,000 as of the date of the most recent audited financial statements delivered to the Lenders pursuant to Section&nbsp;5.01
(or, if prior to the date of the delivery of the first financial statements to be delivered pursuant to Section&nbsp;5.01, the most recent
financial statements referred to in Section&nbsp;3.04(a)) or on the date of occurrence of any such event;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(k)&#8239;&#8239;
one or more judgments for the payment of money in an aggregate amount (not paid or covered by insurance) in excess of $50,000,000 shall
be rendered against the Parent Borrower, any Subsidiary or any combination thereof and (i)&nbsp;the same shall remain undischarged for
a period of 60&nbsp;consecutive days from the entry thereof during which execution shall not be effectively stayed or bonded, or (ii)&nbsp;any
action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Parent Borrower or any Subsidiary to enforce
any such judgment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(l)&#8239;&#8239;
an ERISA Event or Foreign Plan Event shall have occurred that, in the reasonable opinion of the Required Lenders, when taken together
with all other ERISA Events or Foreign Plan Events that have occurred, could reasonably be expected to result in a Material Adverse Effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(m)&#8239;&#8239;
a Change in Control shall occur; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(n)&#8239;&#8239;
the Guarantee Agreement ceases to be in full force and effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">then, and in every such event (other than an
event with respect to any Borrower described in clause (h)&nbsp;or (i)&nbsp;of this Article), and at any time thereafter during the continuance
of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Parent Borrower, take
either or both of the following actions, at the same or different times:&#8239;&#8239;(i)&nbsp;terminate the Commitments, and thereupon
the Commitments shall terminate immediately, and (ii)&nbsp;declare the Loans then outstanding to be due and payable in whole (or in part,
in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the
principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of
the Borrowers accrued hereunder and under any other Loan Document, shall become due and payable immediately, without presentment, demand,
protest or other notice of any kind, all of which are hereby waived by the Borrowers; and in case of any event with respect to any Borrower
described in clause (h)&nbsp;or (i)&nbsp;of this Article, the Commitments shall automatically terminate and the principal of the Loans
then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrowers accrued hereunder and under
any other Loan Document, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind,
all of which are hereby waived by the Borrowers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE&nbsp;VIII</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>The
Administrative Agent</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Each of the Lenders hereby
irrevocably appoints the Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on its behalf
and to exercise such powers as are delegated to the Administrative Agent by the terms hereof, together with such actions and powers as
are reasonably incidental thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The bank serving as the Administrative
Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though
it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in
any kind of business with any Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Administrative Agent shall
not have any duties or obligations except those expressly set forth herein. Without limiting the generality of the foregoing, (a)&nbsp;the
Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and
is continuing, (b)&nbsp;the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby that the Administrative Agent is required to exercise in
writing as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances
as provided in Section&nbsp;10.02), and (c)&nbsp;except as expressly set forth herein, the Administrative Agent shall not have any duty
to disclose, and shall not be liable for the failure to disclose, any information relating to the Parent Borrower or any of its Subsidiaries
that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative
Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such
other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section&nbsp;10.02) or in the
absence of its own gross negligence, bad faith or willful misconduct. The Administrative Agent shall be deemed not to have knowledge
of any Default unless and until written notice thereof is given to the Administrative Agent by the Parent Borrower or a Lender, and the
Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i)&nbsp;any statement, warranty or representation
made in or in connection with this Agreement, (ii)&nbsp;the contents of any certificate, report or other document delivered hereunder
or in connection herewith, (iii)&nbsp;the performance or observance of any of the covenants, agreements or other terms or conditions
set forth herein, (iv)&nbsp;the validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement, instrument
or document, or (v)&nbsp;the satisfaction of any condition set forth in Article&nbsp;IV or elsewhere herein, other than to confirm receipt
of items expressly required to be delivered to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Administrative Agent shall
be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument,
document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent
also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not
incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrowers),
independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance
with the advice of any such counsel, accountants or experts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Administrative Agent may
perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative
Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through
their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the
Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with
the syndication of the credit facilities provided for herein as well as activities as Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Administrative Agent may
resign as Administrative Agent upon 30 days&rsquo; notice to the Lenders and the Parent Borrower. Upon any such resignation, the Required
Lenders shall have the right, with the consent of the Parent Borrower, to appoint a successor. If no successor shall have been so appointed
by the Required Lenders and shall have accepted such appointment within 30&nbsp;days after the retiring Administrative Agent gives notice
of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent reasonably
satisfactory to the Parent Borrower which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon
the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested
with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall
be discharged from its duties and obligations hereunder. The fees payable by the Parent Borrower to a successor Administrative Agent
shall be the same as those payable to its predecessor unless otherwise agreed between the Parent Borrower and such successor. After the
Administrative Agent&rsquo;s resignation hereunder, the provisions of this Article&nbsp;and Section&nbsp;10.03 shall continue in effect
for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions
taken or omitted to be taken by any of them while it was acting as Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Each Lender (including each
Issuing Bank) acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based
on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.
Each Lender (including each Issuing Bank) also acknowledges that it will, independently and without reliance upon the Administrative
Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make
its own decisions in taking or not taking action under or based upon this Agreement, any related agreement or any document furnished
hereunder or thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Syndication Agent and Co-Documentation
Agents shall not have any duties or responsibilities under the Loan Documents in their capacity as such.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Each Lender (x)&nbsp;represents
and warrants, as of the date such Person became a Lender party hereto, to, and (y)&nbsp;covenants, from the date such Person became a
Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, and not,
for the avoidance of doubt, to or for the benefit of the Borrowers or any other Loan Party, that at least one of the following is and
will be true:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;
such Lender is not using &ldquo;plan assets&rdquo; (within the meaning of Section&nbsp;3(42) of ERISA or otherwise) of one or more Benefit
Plans with respect to such Lender&rsquo;s entrance into, participation in, administration of and performance of the Loans, the Letters
of Credit, the Commitments, or this Agreement,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;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&rsquo;s entrance into, participation in, administration
of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;
(A)&nbsp;such Lender is an investment fund managed by a &ldquo;Qualified Professional Asset Manager&rdquo; (within the meaning of Part&nbsp;VI
of PTE 84-14), (B)&nbsp;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)&nbsp;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)&nbsp;through (g)&nbsp;of Part&nbsp;I of PTE 84-14 and (D)&nbsp;to the best knowledge of such Lender,
the requirements of subsection (a)&nbsp;of Part&nbsp;I of PTE 84-14 are satisfied with respect to such Lender&rsquo;s entrance into,
participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;
such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion,
and such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition, unless sub-clause
(i)&nbsp;in the immediately preceding clause (a)&nbsp;is true with respect to a Lender or such Lender has provided another representation,
warranty and covenant in accordance with sub-clause (iv)&nbsp;in the immediately preceding clause (a), such Lender further (x)&nbsp;represents
and warrants, as of the date such Person became a Lender party hereto, to, and (y)&nbsp;covenants, from the date such Person became a
Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of the Administrative Agent, and not,
for the avoidance of doubt, to or for the benefit of the Borrowers or any other Loan Party, that the Administrative Agent is not a fiduciary
with respect to the assets of such Lender involved in such Lenders&rsquo; entrance into, participation in, administration of and performance
of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of
any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each Lender hereby agrees
that (x)&nbsp;if the Administrative Agent notifies such Lender that the Administrative Agent has determined in its sole discretion that
any funds received by such Lender from the Administrative Agent or any of its Affiliates (whether as a payment, prepayment or repayment
of principal, interest, fees or otherwise; individually and collectively, a &ldquo;<U>Payment</U>&rdquo;) were erroneously transmitted
to such Lender (whether or not known to such Lender), and demands the return of such Payment (or a portion thereof), such Lender shall
promptly, but in no event later than one Business Day 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 Payment (or portion thereof) as to which such a demand
was made in same day funds, 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 Payment (or portion thereof) was received by such Lender to the date such amount is repaid
to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules&nbsp;on interbank compensation from time to time in effect, and (y)&nbsp;to the extent permitted by applicable law, such
Lender shall not assert, and hereby waives, as to the Administrative Agent, 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 Payments received, including without
limitation any defense based on &ldquo;discharge for value&rdquo; or any similar doctrine. A notice of the Administrative Agent to any
Lender under this &lrm;Article&nbsp;VIII shall be conclusive, absent manifest error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each Lender hereby further
agrees that if it receives a Payment from the Administrative Agent or any of its Affiliates (x)&nbsp;that is in a different amount than,
or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or any of its Affiliates) with respect
to such Payment (a &ldquo;<U>Payment Notice</U>&rdquo;) or (y)&nbsp;that was not preceded or accompanied by a Payment Notice, it shall
be on notice, in each such case, that an error has been made with respect to such Payment. Each Lender agrees that, in each such case,
or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Lender shall promptly notify the Administrative
Agent of such occurrence and, upon demand from the Administrative Agent, it shall promptly, but in no event later than one Business Day
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 Payment (or portion thereof) as to which such a demand was made in same day funds, 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
Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater
of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules&nbsp;on interbank compensation
from time to time in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Borrowers and each other
Loan Party hereby agree that (x)&nbsp;in the event an erroneous Payment (or portion thereof) is not recovered from any Lender that has
received such Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated to all the rights of such Lender
with respect to such amount and (y)&nbsp;an erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any obligations
owed by the Borrowers or any other Loan Party; <U>provided</U> that for the avoidance of doubt, immediately preceding clauses (x)&nbsp;and
(y)&nbsp;shall not apply to the extent any such erroneous Payment is, and solely with respect to the amount of such erroneous Payment
that is, comprised of funds received by the Administrative Agent from, or on behalf of (including through the exercise of remedies under
any Loan Document), a Borrower or any Loan Party for the purpose of a payment on the obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each party&rsquo;s obligations
under this &lrm;Article&nbsp;VIII shall survive the resignation or replacement of the Administrative Agent or any transfer of rights
or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment, satisfaction or discharge of
all obligations under any Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE&nbsp;IX</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Guarantee</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;9.01.&#8239;&#8239;
</FONT><B>Guarantee</B> (a)&#8239;&#8239;The Parent Borrower hereby unconditionally and irrevocably guarantees to the Administrative Agent,
for the ratable benefit of the Lenders and their respective successors, indorsees, transferees and assigns, the prompt and complete payment
and performance by the Subsidiaries when due (whether at the stated maturity, by acceleration or otherwise) of the Subsidiary Obligations
(other than, with respect to any Guarantor, any Excluded Swap Obligations of such Guarantor). As used in this Article&nbsp;IX, the term
 &ldquo;Lenders&rdquo; includes (i)&nbsp;affiliates of Lenders which are parties to any Specified Cash Management Agreements or Specified
Swap Agreements and (ii)&nbsp;for the avoidance of doubt, any Issuing Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; The Parent
Borrower agrees that the Subsidiary Obligations may at any time and from time to time exceed the amount of the liability of the Parent
Borrower hereunder that would exist in the absence of this Article&nbsp;IX without impairing this Guarantee or affecting the rights and
remedies of the Administrative Agent or any Lender hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; This Guarantee
shall remain in full force and effect until all the Subsidiary Obligations shall have been satisfied by payment in full in immediately
available funds, no Letter of Credit shall be outstanding and the Commitments shall be terminated, notwithstanding that from time to
time during the term of this Guarantee the Subsidiaries may be free from any Subsidiary Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; No payment
made by any Borrower, any Guarantor, any other guarantor or any other Person or received or collected by the Administrative Agent or
any Lender from any Borrower, any Guarantor, any other guarantor or any other Person by virtue of any action or proceeding or any set-off
or appropriation or application at any time or from time to time in reduction of or in payment of the Subsidiary Obligations shall be
deemed to modify, reduce, release or otherwise affect the liability of the Parent Borrower hereunder which shall, notwithstanding any
such payment (other than any payment made by the Parent Borrower in respect of the Subsidiary Obligations or any payment received or
collected from the Parent Borrower in respect of the Subsidiary Obligations), remain liable for the Subsidiary Obligations until the
Subsidiary Obligations are paid in full in immediately available funds, no Letter of Credit shall be outstanding and the Commitments
are terminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; This Guarantee
is a guaranty of payment and not of collection.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;9.02.&#8239;&#8239;
</FONT><B>No Subrogation</B>. Notwithstanding any payment made by the Parent Borrower hereunder or any set-off or application of funds
of the Parent Borrower by the Administrative Agent or any Lender, the Parent Borrower shall not be entitled to be subrogated to any of
the rights of the Administrative Agent or any Lender against the Subsidiaries or any other Guarantor or any collateral security or guarantee
or right of offset held by the Administrative Agent or any Lender for the payment of the Subsidiary Obligations nor shall the Parent
Borrower seek or be entitled to seek any contribution or reimbursement from the Subsidiaries or any other Guarantor in respect of payments
made by the Parent Borrower under this Guarantee, until all amounts owing to the Administrative Agent and the Lenders by the Subsidiaries
on account of the Subsidiary Obligations are paid in full in immediately available funds, no Letter of Credit shall be outstanding and
the Commitments are terminated. If any amount shall be paid to the Parent Borrower on account of such subrogation rights at any time
when all of the Subsidiary Obligations shall not have been paid in full in immediately available funds, such amount shall be held by
the Parent Borrower for the benefit of the Administrative Agent and the Lenders, and shall, forthwith upon receipt by the Parent Borrower,
be turned over to the Administrative Agent in the exact form received by the Parent Borrower (duly indorsed by the Parent Borrower to
the Administrative Agent, if required), to be applied against the Subsidiary Obligations whether matured or unmatured, in such order
as the Administrative Agent may determine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;9.03.&#8239;&#8239;
</FONT><B>Amendments,&nbsp;etc. with respect to the Subsidiary Obligations</B>. The Parent Borrower shall remain obligated under this
Guarantee notwithstanding that, without any reservation of rights against the Parent Borrower and without notice to or further assent
by the Parent Borrower, any demand for payment of any of the Subsidiary Obligations made by the Administrative Agent or any Lender may
be rescinded by the Administrative Agent or such Lender and any of the Subsidiary Obligations continued, and the Subsidiary Obligations
or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset
with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised,
waived, surrendered or released by the Administrative Agent or any Lender, and this Agreement, the other Loan Documents, any Specified
Swap Agreement, any Specified Cash Management Agreement and any other documents executed and delivered in connection therewith may be
amended, modified, supplemented or terminated, in whole or in part, in accordance with Section&nbsp;10.02, as the Administrative Agent
(or the Required Lenders or all Lenders, as the case may be) may deem advisable from time to time, and any collateral security, guarantee
or right of offset at any time held by the Administrative Agent or any Lender for the payment of the Subsidiary Obligations may be sold,
exchanged, waived, surrendered or released without affecting the Parent Borrower&rsquo;s obligations under this Article&nbsp;IX. Neither
the Administrative Agent nor any Lender shall have any obligation to protect, secure, perfect or insure any Lien at any time held by
it as security for the Subsidiary Obligations or for this Guarantee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;9.04.&#8239;&#8239;
</FONT><B>Guarantee Absolute and Unconditional</B>. The Parent Borrower waives any and all notice of the creation, renewal, extension
or accrual of any of the Subsidiary Obligations and notice of or proof of reliance by the Administrative Agent or any Lender upon this
Guarantee or acceptance of this Guarantee; the Subsidiary Obligations, and any of them, shall conclusively be deemed to have been created,
contracted or incurred, or renewed, extended, amended or waived, in reliance upon this Article&nbsp;IX; and all dealings between the
Parent Borrower and any of the Guarantors, on the one hand, and the Administrative Agent and the Lenders, on the other hand, likewise
shall be conclusively presumed to have been had or consummated in reliance upon this Article&nbsp;IX. The Parent Borrower waives diligence,
presentment, protest, demand for payment and notice of default or nonpayment to or upon the Subsidiaries or any of the Guarantors with
respect to the Subsidiary Obligations. The Parent Borrower understands and agrees that this Guarantee shall be construed as a continuing,
absolute and unconditional guarantee of payment without regard to (a)&nbsp;the validity or enforceability of this Agreement, any Specified
Swap Agreement, any Specified Cash Management Agreement, any of the Subsidiary Obligations or any other collateral security therefor
or guarantee or right of offset with respect thereto at any time or from time to time held by the Administrative Agent or any Lender,
(b)&nbsp;any defense, set-off or counterclaim (other than a defense of payment or performance) which may at any time be available to
or be asserted by any Subsidiary or any other Person against the Administrative Agent or any Lender, (c)&nbsp;any change in the existence,
structure or ownership of any Borrower or any other Subsidiary liable for any of the Guaranteed Obligations; (d)&nbsp;any insolvency,
bankruptcy, reorganization or other similar proceeding affecting any Borrower or any other Subsidiary liable for any of the Guaranteed
Obligations, or their assets or any resulting release or discharge of any obligation of any such Person or (e)&nbsp;any other circumstance
whatsoever (with or without notice to or knowledge of any Borrower or any Guarantor) which constitutes, or might be construed to constitute,
an equitable or legal discharge of the Subsidiaries for the Subsidiary Obligations, or of the Parent Borrower under this Article&nbsp;IX,
in bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against
the Parent Borrower, the Administrative Agent or any Lender may, but shall be under no obligation to, make a similar demand on or otherwise
pursue such rights and remedies as it may have against the Subsidiaries, any other Guarantor or any other Person or against any collateral
security or guarantee for the Subsidiary Obligations or any right of offset with respect thereto, and any failure by the Administrative
Agent or any Lender to make any such demand, to pursue such other rights or remedies or to collect any payments from any Subsidiary,
any other Guarantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of
offset, or any release of any Subsidiary, any other Guarantor or any other Person or any such collateral security, guarantee or right
of offset, shall not relieve the Parent Borrower of any obligation or liability under this Article&nbsp;IX, and shall not impair or affect
the rights and remedies, whether express, implied or available as a matter of law, of the Administrative Agent or any Lender against
the Parent Borrower under this Article&nbsp;IX. For the purposes hereof &ldquo;demand&rdquo; shall include the commencement and continuance
of any legal proceedings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;9.05.&#8239;&#8239;
</FONT><B>Reinstatement</B>. This Article&nbsp;IX shall continue to be effective, or shall be reinstated, as the case may be, if at any
time payment, or any part thereof, of any of the Subsidiary Obligations is rescinded or must otherwise be restored or returned by the
Administrative Agent or any Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Borrower or any
Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for,
any Borrower or any Guarantor or any substantial part of its property, or otherwise (including pursuant to any settlement entered into
by the Administrative Agent or a Lender), all as though such payments had not been made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;9.06.&#8239;&#8239;
</FONT><B>Payments</B>. The Parent Borrower hereby guarantees that payments hereunder will be paid to the Administrative Agent without
set-off or counterclaim in dollars or the applicable Alternative Currency at the office of the Administrative Agent located at 10 South
Dearborn Street, 7th Floor, Chicago,&nbsp;Illinois 60603-2300 and to the account and pursuant to wire instructions notified in writing
by the Administrative Agent (or such other address or wire instructions of the Administrative Agent that may be provided from time to
time by the Administrative Agent).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;9.07.&#8239;&#8239;
</FONT><B>Keepwell</B>. Each Borrower Qualified Keepwell Provider hereby jointly and severally absolutely, unconditionally, and irrevocably
undertakes to provide such funds or other support as may be needed from time to time for the Parent Borrower to qualify as an Eligible
Contract Participant during the Swap Guarantee Eligibility Period in respect of any Swap Obligation (<I>provided</I>, <I>however</I>,
that each Borrower Qualified Keepwell Provider shall only be liable under this Section&nbsp;9.07 for the maximum amount of such liability
that can be hereby incurred without rendering its obligations under this Section&nbsp;9.07, or otherwise under this Guarantee, voidable
under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each
Borrower Qualified Keepwell Provider under this Section&nbsp;9.07 shall remain in full force and effect until the obligations of the
Borrowers under this Agreement have expired, been discharged or have otherwise been terminated in accordance with the terms of the Loan
Documents. Each Borrower Qualified Keepwell Provider intends that this Section&nbsp;9.07 constitute, and this Section&nbsp;9.07 shall
be deemed to constitute, a &ldquo;keepwell, support, or other agreement&rdquo; for the benefit of the Parent Borrower for all purposes
of section 1a(18)(A)(v)(II)&nbsp;of the Commodity Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">ARTICLE&nbsp;X</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Miscellaneous</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.01.&#8239;&#8239;
</FONT><B>Notices</B>. (a)&#8239;&#8239;Except in the case of notices and other communications expressly permitted to be given by telephone
(and subject to paragraph (b)&nbsp;below), all notices and other communications provided for herein and in the Guarantee Agreement shall
be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy,
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(i)&#8239;&#8239;&#8239;
if to any Borrower, to Ralph Lauren Corporation, 650 Madison Avenue, New York, New York 10022, Attention of Jane Hamilton Nielsen, Chief
Operating Officer and Chief Financial Officer (Telecopy No.&nbsp;(212) 318-7232), with a copy to </FONT>Ralph Lauren Corporation, 650
Madison Avenue, New York, New York 10022, Attention of Robert Alexander, Head of Global Tax&nbsp;&amp; Treasury, (Telecopy No.&nbsp;(201)
531-6251);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&#8239;&#8239;&#8239;
if to the Administrative Agent, to JPMorgan Chase Bank, N.A., 131 S Dearborn St, Floor 04, Chicago,&nbsp;IL, 60603-5506, Attention: Loan
and Agency Servicing, Email: jpm.agency.cri@jpmorgan.com, agency.tax.reporting@jpmorgan.com (with respect to agency withholding tax inquiries)
or covenant.compliance@jpmchase.com (with respect to agency compliance, financials or virtual data rooms);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&#8239;&#8239;&#8239;
if to JPMorgan, as Issuing Bank, to JPMorgan Chase Bank, N.A., 10 South Dearborn, Floor L2, Suite&nbsp;IL1-0480, Chicago,&nbsp;IL, 60603-2300,
Attention: LC Agency Team (Telephone No.&nbsp;800-364-1969; Facsimile No.&nbsp;856-294-5267, Email: chicago.lc.agency.activity.team@jpmchase.com),
with a copy to JPMorgan Chase Bank, N.A., 10 South Dearborn, Floor L2, Suite&nbsp;IL1-0480, Chicago,&nbsp;IL, 60603-2300, Attention:
Loan and Agency Services Group; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;
if to any other Lender or any Issuing Bank, to it at its address (or telecopy number) set forth in its Administrative Questionnaire.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notices sent by hand or overnight courier service,
or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by facsimile shall be deemed
to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been
given at the opening of business on the next Business Day for the recipient). Notices delivered through Electronic Systems, to the extent
provided in paragraph&nbsp;(b)&nbsp;below, shall be effective as provided in said paragraph&nbsp;(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; Notices and
other communications to the Lenders (including any Issuing Bank) hereunder may be delivered or furnished by using Electronic Systems
pursuant to procedures approved by the Administrative Agent; <U>provided</U> that the foregoing shall not apply to notices pursuant to
Article&nbsp;II unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or any Borrower
may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures
approved by it; <U>provided</U> that approval of such procedures may be limited to particular notices or communications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Unless the Administrative Agent
otherwise prescribes (i)&nbsp;notices and other communications to a Lender (including an Issuing Bank) sent to an e-mail address shall
be deemed received upon the sender&rsquo;s receipt of an acknowledgement from the intended recipient (such as by the &ldquo;return receipt
requested&rdquo; function, as available, return e-mail or other written acknowledgement), and (ii)&nbsp;notices or communications to
a Lender (including an Issuing Bank) posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the
intended recipient, at its e-mail address as described in the foregoing clause&nbsp;(i), of notification that such notice or communication
is available and identifying the website address therefor; <U>provided</U> that, for both clauses (i)&nbsp;and (ii)&nbsp;above, if such
notice, email or other communication is not sent during the normal business hours of the recipient, such notice or communication shall
be deemed to have been sent at the opening of business on the next Business Day for the recipient.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; Any party hereto
may change its address or telecopy number for notices and other communications hereunder by notice to the other parties hereto (or, in
the case of any Lender, by notice to the Administrative Agent and the Parent Borrower).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)&#8239;&#8239;
</FONT>Electronic Systems.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;
Each Loan Party,&nbsp;Issuing Bank and Lender agrees that the Administrative Agent may, but shall not be obligated to, make Communications
(as defined below) available to the Issuing Banks and the other Lenders by posting the Communications on Debt Domain,&nbsp;Intralinks,
Syndtrak, ClearPar or a substantially similar Electronic System.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Any
Electronic System used by the Administrative Agent is provided &ldquo;as is&rdquo; and &ldquo;as available.&rdquo; The Agent Parties
(as defined below) do not warrant the adequacy of such Electronic Systems and expressly disclaim liability for errors or omissions in
the Communications. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a
particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party
in connection with the Communications or any Electronic System. In no event shall the Administrative Agent or any of its Related Parties
(collectively, the &ldquo;<U>Agent Parties</U>&rdquo;) have any liability to any Borrower or the other Loan Parties, any Lender, the
Issuing Bank or any other Person or entity for damages of any kind, including direct or indirect, special, incidental or consequential
damages, losses or expenses (whether in tort, contract or otherwise) arising out of the any Loan Party&rsquo;s or the Administrative
Agent&rsquo;s transmission of communications through an Electronic System, in each case except as found by a final, non-appealable judgment
of a court of competent jurisdiction</FONT> to have resulted from the gross negligence, bad faith or willful misconduct of, or material
breach of its obligations under the Loan Documents by, such Agent Party. &ldquo;<U>Communications</U>&rdquo; means, collectively, any
notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant to any Loan
Document or the transactions contemplated therein which is distributed by the Administrative Agent, any Lender or any Issuing Bank by
means of electronic communications pursuant to this Section, including through an Electronic System.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.02.&#8239;&#8239;
</FONT><B>Waivers; Amendments</B>. (a)&#8239;&#8239;No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in
exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right
or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof
or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder
and under the Guarantee Agreement are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver
of any provision of this Agreement or the Guarantee Agreement or consent to any departure by any Borrower or any Guarantor therefrom
shall in any event be effective unless the same shall be permitted by paragraph&nbsp;(b)&nbsp;of this Section, and then such waiver or
consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the
foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether
the Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; Neither this
Agreement nor the Guarantee Agreement nor any provision hereof or thereof may be waived, amended or modified except pursuant to an agreement
or agreements in writing entered into by the Borrowers or the Guarantors, as the case may be, and the Required Lenders or by the Borrowers
or the Guarantors, as the case may be, and the Administrative Agent with the consent of the Required Lenders; <U>provided</U> that no
such agreement shall (i)&nbsp;increase the Commitment of any Lender without the written consent of such Lender, (ii)&nbsp;reduce the
principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without
the written consent of each Lender affected thereby, (iii)&nbsp;postpone the scheduled date of payment of the principal amount of any
Loan or LC Disbursement, or any interest thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment,
or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby, (iv)&nbsp;change
Section&nbsp;2.16(b)&nbsp;or (c)&nbsp;in a manner that would alter the pro rata sharing of payments required thereby, without the written
consent of each Lender, (v)&nbsp;release all or substantially all of the Guarantors from their obligations under the Guarantee Agreement,
without the written consent of each Lender (except that no approval of the Lenders shall be required to release a Guarantor in connection
with the disposition of all the capital stock of such Guarantor not prohibited by the Loan Documents) or (vi)&nbsp;change any of the
provisions of this Section&nbsp;or the definition of &ldquo;Commitment&rdquo;, the definition of &ldquo;Required Lenders&rdquo;, the
definition of &ldquo;Applicable Percentage&rdquo; or any other provision hereof specifying the number or percentage of Lenders required
to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent
of each Lender; <U>provided</U>, <U>further</U> that no such agreement shall amend, modify or otherwise affect the rights or duties of
the Administrative Agent or an Issuing Bank without the prior written consent of the Administrative Agent or such Issuing Bank, as the
case may be. If the Administrative Agent and the Parent Borrower acting together identify any ambiguity, omission, mistake, typographical
error or other defect in any provision of this Agreement or any other Loan Document, then the Administrative Agent and the Parent Borrower
shall be permitted to amend, modify or supplement such provision to cure such ambiguity, omission, mistake, typographical error or other
defect, and such amendment shall become effective without any further action or consent of any other party to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.03.&#8239;&#8239;
</FONT><B>Expenses; Limitation of Liability; Indemnity; Damage Waiver</B>. (a)&#8239;&#8239;The Parent Borrower shall pay (i)&nbsp;all
reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Syndication Agent and the Lead Arranger, including
the reasonable fees, charges and disbursements of one domestic counsel for the Administrative Agent and the Lead Arranger, collectively,
in connection with the syndication of the credit facilities provided for herein, the preparation of this Agreement and the other Loan
Documents or any amendments, modifications or waivers of the provisions hereof and (ii)&nbsp;all reasonable and documented out-of-pocket
expenses incurred by the Administrative Agent, any Issuing Bank or any Lender, including the reasonable fees, charges and disbursements
of one domestic counsel and one foreign counsel, as necessary, in each applicable jurisdiction for the Administrative Agent, the Syndication
Agent, any Issuing Bank or any Lender, in connection with the enforcement or preservation of its rights in connection with this Agreement
and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued
hereunder, including all such reasonable and documented out-of-pocket expenses incurred during any workout, restructuring or negotiations
in respect of such Loans or Letters of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; To the extent
permitted by applicable law (i)&nbsp;the Parent Borrower and any Loan Party shall not assert, and the Parent Borrower and each Loan Party
hereby waives, any claim against the Administrative Agent, any Arranger, the Syndication Agent, the Co-Documentation Agents, any Issuing
Bank and any Lender, and any Related Party of any of the foregoing Persons (each such Person being called a &ldquo;<U>Lender-Related
Person</U>&rdquo;) for any Liabilities arising from the use by others of information or other materials (including, without limitation,
any personal data) obtained through telecommunications, electronic or other information transmission systems (including the Internet),
except that nothing in this Section&nbsp;10.03(b)&nbsp;shall relieve any Lender-Related Person for any Liabilities arising from such
Lender-Related Person&rsquo;s gross negligence, bad faith, willful misconduct or material breach of its obligations under the Loan Documents
as found by a final, non-appealable judgment of a court of competent jurisdiction and (ii)&nbsp;no party hereto shall assert, and each
such party hereby waives, any Liabilities against any other party hereto, on any theory of liability, for special, indirect, consequential
or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any
other Loan Document, or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or
the use of the proceeds thereof; provided that, nothing in this &lrm;Section&nbsp;10.03(b)&nbsp;shall relieve the Parent Borrower and
each Loan Party of any obligation it may have to indemnify an Indemnitee, as provided in &lrm;Section&nbsp;10.03(c), against any special,
indirect, consequential or punitive damages asserted against such Indemnitee by a third party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; The Parent
Borrower shall indemnify the Administrative Agent, the Syndication Agent, the Co-Documentation Agents, the Lead Arranger, each Issuing
Bank and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an &ldquo;<U>Indemnitee</U>&rdquo;)
against, and hold each Indemnitee harmless from, any and all Liabilities and related expenses, including the reasonable fees, charges
and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with,
or as a result of (i)&nbsp;the execution or delivery of this Agreement, any other Loan Document, or any agreement or instrument contemplated
hereby, the performance by the parties hereto of their respective obligations hereunder or the consummation of the Transactions or any
other transactions contemplated hereby, (ii)&nbsp;any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal
by an Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do
not strictly comply with the terms of such Letter of Credit), (iii)&nbsp;any actual or alleged presence or release of Hazardous Materials
on or from any property owned or operated by the Parent Borrower or any of its Subsidiaries, or any Environmental Liability related in
any way to the Parent Borrower or any of its Subsidiaries, or (iv)&nbsp;any actual or prospective Proceeding relating to any of the foregoing,
whether or not such Proceeding is brought by the Parent Borrower or any other Loan Party or their respective equity holders, Affiliates,
creditors or any other third Person and whether based on contract, tort or any other theory and regardless of whether any Indemnitee
is a party thereto; <U>provided</U> that such indemnity shall not, as to any Indemnitee, be available to the extent that such Liabilities
or related expenses are found by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross
negligence, bad faith or willful misconduct of, or material breach of its obligations under the Loan Documents by, such Indemnitee or
such Indemnitee&rsquo;s employer or any Affiliate of either thereof or any of their respective officers, directors, employees, advisors
or agents. Paragraph (c)&nbsp;of this Section&nbsp;shall not apply with respect to Taxes other than any Taxes that represent losses,
claims, damages,&nbsp;etc. arising from any non-Tax claim.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; To the extent
that the Parent Borrower fails to pay any amount required to be paid by it to the Administrative Agent or any Issuing Bank under paragraph
(a), (b)&nbsp;or (c)&nbsp;of this Section, but without affecting the Parent Borrower&rsquo;s obligations thereunder, each Lender severally
agrees to pay to the Administrative Agent or such Issuing Bank, as the case may be, such Lender&rsquo;s Applicable Percentage (determined
as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; <U>provided</U> that the
unreimbursed expense or Liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent
or such Issuing Bank in its capacity as such.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; All amounts
due under this Section&nbsp;shall be payable promptly after written demand therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.04.&#8239;&#8239;
</FONT><B>Successors and Assigns</B>. (a)&#8239;&#8239;The provisions of this Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that
issues any Letter of Credit), except that (i)&nbsp;a Borrower may not assign or otherwise transfer any of its rights or obligations hereunder
without the prior written consent of each Lender (and any attempted assignment or transfer by a Borrower without such consent shall be
null and void) and (ii)&nbsp;no Lender (including any Issuing Bank) may assign or otherwise transfer its rights or obligations hereunder
except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person
(other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank
that issues any Letter of Credit), Participants (to the extent provided in paragraph (c)&nbsp;of this Section) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent, each Issuing Bank and the Lenders) any legal or equitable
right, remedy or claim under or by reason of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; (i)&nbsp;Subject
to the conditions set forth in paragraph (b)(ii)&nbsp;below, any Lender may assign to one or more assignees all or a portion of its rights
and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior
written consent (such consent not to be unreasonably withheld or delayed) of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(A)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
Parent Borrower (it being understood and agreed that such consent of the Parent Borrower shall be deemed not to have been unreasonably
withheld if it is withheld on account of the proposed assignee not being a bank that is organized or licensed to do business as a commercial
bank under the laws of the United States or a State thereof); <U>provided</U> that no consent of the Parent Borrower shall be required
for an assignment to a Lender, an Affiliate of a Lender (provided that such Affiliate is a Swiss Qualifying Bank or a Swiss Permitted
Non-Qualifying Bank), an Approved Fund (provided that such Approved Fund is a Swiss Permitted Non-Qualifying Bank) or, if an Event of
Default under clause (a), (b), (h)&nbsp;or (i)&nbsp;of Article&nbsp;VII has occurred and is continuing, any other assignee; <U>provided</U>,
<U>further</U>, that the Parent Borrower shall be deemed to have consented to any such assignment unless the Parent Borrower shall object
thereto by written notice to the Administrative Agent within ten Business Days after having received written notice thereof;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(B)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
Administrative Agent; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(C)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">in
the case of an assignment of a Commitment or an interest in Letters of Credit, each Issuing Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(ii)&nbsp; Assignments shall
be subject to the following additional conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(A)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">except
in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount of the assigning
Lender&rsquo;s Commitment or Loans, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined
as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less
than $5,000,000 unless each of the Parent Borrower and the Administrative Agent otherwise consent, <I>provided</I> that no such consent
of the Parent Borrower shall be required if an Event of Default under clause (a), (b), (h)&nbsp;or (i)&nbsp;of Article&nbsp;VII has occurred
and is continuing;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(B)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">each
partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender&rsquo;s rights and obligations
under this Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(C)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing
and recordation fee of $3,500;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(D)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
Eligible Assignee, if it shall not be an existing Lender, shall deliver to the Administrative Agent an Administrative Questionnaire;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(E)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">no
assignment (including any assignment to a Lender, an Affiliate of a Lender or an Approved Fund) shall be permitted if, immediately after
giving effect thereto, amounts would become payable by any Borrower under Section&nbsp;2.13 or 2.15 (including amounts payable under
Section&nbsp;2.15 in respect of withholding taxes) that are in excess of those that would be payable under such Section&nbsp;in respect
of the amount assigned if such assignment were not made;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(F)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">no
assignment shall be made to a natural person;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(G)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">no
assignment shall be made to any Borrower or its Affiliates; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(H)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">an
assignment or transfer to or assumption by any Person of Commitments or Loans with respect to a Borrower organized under the laws of
the Netherlands shall only be permitted if such Person is a Non-Public Lender.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">For the purposes of this Section&nbsp;10.04(b),
the term &ldquo;Approved Fund&rdquo; has the following meaning:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Approved Fund</U>&rdquo;
means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and similar
extensions of credit in the ordinary course of its business and that is administered or managed by (a)&nbsp;a Lender, (b)&nbsp;an Affiliate
of a Lender or (c)&nbsp;an entity or an Affiliate of an entity that administers or manages a Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(iii)&nbsp; Subject to acceptance
and recording thereof pursuant to paragraph (b)(iv)&nbsp;of this Section, from and after the effective date specified in each Assignment
and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption,
have the rights and obligations of a Lender under this Agreement (including, in the case of any Non-U.S. Lender (including each Issuing
Bank that is a Non-U.S. Lender), obligations under Section&nbsp;2.15(f)), and the assigning Lender thereunder shall, to the extent of
the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an
Assignment and Assumption covering all of the assigning Lender&rsquo;s rights and obligations under this Agreement, such Lender shall
cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.13, 2.14, 2.15 and 10.03); <U>provided</U>,
<U>however,</U> that no such assignment or transfer shall be deemed to be a waiver of any rights which any Borrower, the Administrative
Agent or any other Lender shall have against such Lender. Any assignment or transfer by a Lender (including an Issuing Bank) of rights
or obligations under this Agreement that does not comply with this Section&nbsp;10.04 shall be treated for purposes of this Agreement
as a sale by such Lender of a participation in such rights and obligations in accordance with, and subject to the conditions set forth
in, paragraph (c)&nbsp;of this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(iv)&nbsp; The Administrative
Agent, acting for this purpose as an agent of the Borrowers, shall maintain at one of its offices a copy of each Assignment and Assumption
delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount
(and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the &ldquo;<U>Register</U>&rdquo;).
The entries in the Register shall be conclusive absent manifest error, and each Borrower, the Administrative Agent, the Issuing Banks
and the Lenders may 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. The Register shall be available for inspection by any Borrower, any
Issuing Bank and (solely with respect to the Revolving Credit Exposure of such Lender) any Lender, at any reasonable time and from time
to time upon reasonable prior notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(v)&nbsp; Upon its receipt
of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee&rsquo;s completed Administrative
Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph
(b)&nbsp;of this Section&nbsp;and any written consent to such assignment required by paragraph (b)&nbsp;of this Section, the Administrative
Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be
effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; (i)&nbsp;Any
Lender may, without the consent of the Parent Borrower, the Administrative Agent or any Issuing Bank, sell participations to one or more
banks or other entities (a &ldquo;<U>Participant</U>&rdquo;) in all or a portion of such Lender&rsquo;s rights and obligations under
this Agreement (including all or a portion of its Commitment and the Loans owing to it); <U>provided</U> that (A)&nbsp;such Lender&rsquo;s
obligations under this Agreement shall remain unchanged, (B)&nbsp;such Lender shall remain solely responsible to the other parties hereto
for the performance of such obligations, (C)&nbsp;the relevant Participant will have no proprietary interest in the benefit of this Agreement
or in any monies received by such Lender under or in relation to this Agreement, (D)&nbsp;the relevant Participant will under no circumstances
be subrogated to, or substituted in respect of, such Lender&rsquo;s claims under this Agreement or have otherwise any contractual relationship
with, or rights against, any Borrower under, or in relation to, this Agreement (except as set forth in the following sentence with regards
to benefits that each Participant is entitled to under Sections 2.13, 2.14 and 2.15 to the same extent as if it were a Lender and had
acquired an interest by assignment pursuant to paragraph (b)&nbsp;of this Section) and (E)&nbsp;the Borrowers, the Administrative Agent,
the applicable Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender in connection with such
Lender&rsquo;s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation
shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver
of any provision of this Agreement; <U>provided</U> 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 (i), (ii), (iii), (v)&nbsp;and (vi)&nbsp;of
the first proviso to Section&nbsp;10.02(b)&nbsp;that affects such Participant. Subject to paragraph (c)(ii)&nbsp;of this Section, each
Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.13, 2.14 and 2.15 to the same extent as if it were
a Lender and had acquired its interest by assignment pursuant to paragraph (b)&nbsp;of this Section. To the extent permitted by law,
each Participant shall also be entitled to the benefits of Section&nbsp;10.08 as though it were a Lender, <U>provided</U> such Participant
agrees to be subject to Section&nbsp;2.16(c)&nbsp;as though it were a Lender; <U>provided</U> that, the foregoing sentence shall not
apply to Ralph Lauren Europe S&agrave;rl. Each Lender that sells a participation, acting solely for this purpose as a non-fiduciary agent
of the Borrowers, shall maintain a register on which it enters the name and address of each Participant and the principal amounts (and
stated interest) of each Participant&rsquo;s interest in the Loans or other obligations under this Agreement (the &ldquo;<U>Participant
Register</U>&rdquo;); <U>provided</U> that 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&rsquo;s interest in any Commitments,
Loans, Letters of Credit or its other obligations under any Loan 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&nbsp;5f.103-1(c)&nbsp;of
the United States Treasury Regulations. The entries in the Participant Register shall be conclusive, and such Lender, each Loan Party
and the Administrative Agent shall treat each Person whose name is recorded in the Participant Register pursuant to the terms hereof
as the owner of such participation for all purposes of this Agreement, notwithstanding notice to the contrary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp; A Participant
shall not be entitled to the benefits of Section&nbsp;2.13, 2.14 or 2.15 unless such Participant shall have complied with the requirements
of such Section; <U>provided</U>, that in any case in which a Participant is so entitled, any such Participant shall not be entitled
to receive any greater payment under Section&nbsp;2.13, 2.14 or 2.15 than the applicable Lender would have been entitled to receive with
respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Parent
Borrower&rsquo;s prior written consent, except to the extent such entitlement to receive a greater payment results from a Change in Law
that occurs after the Participant acquired the applicable participation. A Participant that would be a Non-U.S. Lender if it were a Lender
shall not be entitled to the benefits of Section&nbsp;2.15 unless the Parent Borrower is notified of the participation sold to such Participant
and such Participant agrees, for the benefit of the applicable Borrower, to comply with Section&nbsp;2.15(e)&nbsp;as though it were a
Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; Any Lender
may 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 without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section&nbsp;shall
not apply to any such pledge or assignment of a security interest; <U>provided</U> that no such pledge or assignment of a security interest
shall (i)&nbsp;release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a
party hereto (ii)&nbsp;require any payments to be made by any Borrower or grant to any person any more extensive rights than those required
to be made or granted to the relevant Lender under the Loan Documents, or (iii)&nbsp;upon any enforcement of such pledge or assignment
of a security interest, result in any assignment, transfer or sub-participation of any such rights under the Loan Documents which is
in breach of this Clauses (a), (b)&nbsp;or (c)&nbsp;of this Section&nbsp;10.04.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.05.&#8239;&#8239;
</FONT><B>Survival</B>. All representations and warranties made by the Borrowers herein and the other Loan Documents and in the certificates
or other instruments delivered in connection with or pursuant to this Agreement shall survive the execution and delivery of this Agreement
and the making of any Loans and issuance of any Letters of Credit, and shall terminate at such time as no principal of or accrued interest
on any Loan or any fee or any other amount payable under this Agreement (other than contingent indemnification obligations that are not
due and payable) is outstanding and unpaid, no Letter of Credit is outstanding and the Commitments have expired or been terminated. The
provisions of Sections 2.13, 2.14, 2.15, 10.03, 10.13 and Article&nbsp;VIII shall survive and remain in full force and effect regardless
of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters
of Credit and the Commitments or the termination of this Agreement or any provision hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.06.&#8239;&#8239;
</FONT><B>Counterparts; Integration; Effectiveness</B>. (a)&#8239;&#8239;This Agreement may be executed in counterparts (and by different
parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute
a single contract. This Agreement, the Guarantee Agreement and any separate letter agreements with respect to fees payable to the Administrative
Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements
and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section&nbsp;4.01, this Agreement shall
become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts
hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; Delivery of
an executed counterpart of a signature page&nbsp;of (x)&nbsp;this Agreement, (y)&nbsp;any other Loan Document and/or (z)&nbsp;any document,
amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this Agreement,
any other Loan Document and/or the transactions contemplated hereby and/or thereby (each an &ldquo;<U>Ancillary Document</U>&rdquo;)
(which, as applicable, shall be delivered as set forth in Section&nbsp;10.01) that is an Electronic Signature transmitted, to the extent
permitted by Section&nbsp;10.01 and this sentence, by telecopy, emailed pdf. or any other electronic means that reproduces an image of
an actual executed signature page&nbsp;shall be effective as delivery of a manually executed counterpart of this Agreement, such other
Loan Document or such Ancillary Document, as applicable. The words &ldquo;execution,&rdquo; &ldquo;signed,&rdquo; &ldquo;signature,&rdquo;
 &ldquo;delivery,&rdquo; and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document
shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by
telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), each of which shall
be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based
recordkeeping system, as the case may be; <U>provided</U> that nothing herein shall require the Administrative Agent to accept Electronic
Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; <U>provided</U>, <U>further</U>,
without limiting the foregoing, to the extent the Administrative Agent has agreed to accept any Electronic Signature, the Administrative
Agent and each of the Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of the Borrower
or any other Loan Party without further verification thereof and without any obligation to review the appearance or form of any such
Electronic signature and upon the request of the Administrative Agent, any Borrower, any other Loan Party or any Lender, any Electronic
Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, the Borrower
and each Loan Party hereby (i)&nbsp;agrees that, for all purposes, including without limitation, in connection with any workout, restructuring,
enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders, the Borrower and the Loan
Parties, Electronic Signatures transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual
executed signature page&nbsp;and/or any electronic images of this Agreement, any other Loan Document and/or any Ancillary Document shall
have the same legal effect, validity and enforceability as any paper original, (ii)&nbsp;agrees that the Administrative Agent, each of
the Lenders, each Borrower and each other Loan Party may, at its option, create one or more copies of this Agreement, any other Loan
Document and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed created in the
ordinary course of such Person&rsquo;s business, and destroy the original paper document (and all such electronic records shall be considered
an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (iii)&nbsp;waives
any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document and/or
any Ancillary Document based solely on the lack of paper original copies of this Agreement, such other Loan Document and/or such Ancillary
Document, respectively, including with respect to any signature pages&nbsp;thereto and (iv)&nbsp;waives any claim against any Lender-Related
Person for any Liabilities arising solely from the Administrative Agent&rsquo;s and/or any Lender&rsquo;s reliance on or use of Electronic
Signatures and/or transmissions by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed
signature page, including any Liabilities arising as a result of the failure of the Borrower and/or any Loan Party to use any available
security measures in connection with the execution, delivery or transmission of any Electronic Signature.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.07.&#8239;&#8239;
</FONT><B>Severability</B>. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity,
legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction
shall not invalidate such provision in any other jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.08.&#8239;&#8239;
</FONT><B>Right of Setoff</B>. If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is
hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender or
Affiliate to or for the credit or the account of any Borrower against any of and all the obligations of any Borrower now or hereafter
existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement
and although such obligations may be unmatured; <U>provided</U> that, to the extent prohibited by applicable law as described in the
definition of &ldquo;Excluded Swap Obligation&rdquo;, no amounts received from, or set off with respect to, any Guarantor shall be applied
to any Excluded Swap Obligations of such Guarantor. The rights of each Lender under this Section&nbsp;are in addition to other rights
and remedies (including other rights of setoff) which such Lender may have.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.09.&#8239;&#8239;
</FONT><B>Governing Law; Jurisdiction; Consent to Service of Process</B>. (a)&#8239;&#8239; This Agreement, the other Loan Documents and
any claim, controversy, dispute or cause of action based upon, arising out of or relating to this Agreement, the other Loan Documents
or the transactions contemplated hereby or thereby (whether in contract, tort or otherwise and whether at law or in equity) shall be
construed in accordance with and governed by the law of the State of New York without reference to rules&nbsp;or principles that would
require the application of the laws of any other jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; Each of the
Lenders and the Administrative Agent hereby irrevocably and unconditionally agrees that, notwithstanding the governing law provisions
of any applicable Loan Document, any claims, controversy, dispute or cause of action based upon, arising out of or relating to this Agreement,
the other Loan Documents or the transactions contemplated hereby or thereby (whether in contract, tort or otherwise and whether at law
or in equity) brought against the Administrative Agent by any Lender relating to this Agreement, any other Loan Document or the consummation
or administration of the transactions contemplated hereby or thereby shall be construed in accordance with and governed by the law of
the State of New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; Each of the
parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the United&nbsp;States
District Court for the Southern District of New York sitting in the Borough of Manhattan (or if such court lacks subject matter jurisdiction,
the Supreme Court of the State of New&nbsp;York sitting in the Borough of Manhattan), and any appellate court from any thereof, in any
action or proceeding arising out of or relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto,
or for recognition or enforcement of any judgment (whether in contract, tort or otherwise and whether at law or in equity), and each
of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may (and
any such claims, cross-claims or third party claims brought against the Administrative Agent or any of its Related Parties may only)
be heard and determined in such Federal (to the extent permitted by law) or New&nbsp;York State court. Each of the parties hereto agrees
that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. Nothing in this Agreement or in any other Loan Document shall (i)&nbsp;affect any right
that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement
against the Borrowers, any Loan Party or its properties in the courts of any jurisdiction, (ii)&nbsp;waive any statutory, regulatory,
common law, or other rule, doctrine, legal restriction, provision or the like providing for the treatment of bank branches, bank agencies,
or other bank offices as if they were separate juridical entities for certain purposes, including Uniform Commercial Code Sections 4-106,
4-A-105(1)(b), and 5-116(b), UCP 600 Article&nbsp;3 and ISP98 Rule&nbsp;2.02, and URDG 758 Article&nbsp;3(a), or (iii)&nbsp;affect which
courts have or do not have personal jurisdiction over the issuing bank or beneficiary of any Letter of Credit or any advising bank, nominated
bank or assignee of proceeds thereunder or proper venue with respect to any litigation arising out of or relating to such Letter of Credit
with, or affecting the rights of, any Person not a party to this Agreement, whether or not such Letter of Credit contains its own jurisdiction
submission clause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&#8239;&#8239; Each party
to this Agreement hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection
which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement
in any court referred to in paragraph (b)&nbsp;of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest
extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&#8239;&#8239; Each party
to this Agreement irrevocably consents to service of process in the manner provided for notices in Section&nbsp;10.01. Nothing in this
Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.10.&#8239;&#8239;
</FONT><B>WAIVER OF JURY TRIAL</B>. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY&nbsp;HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)&nbsp;CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT,&nbsp;IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THE FOREGOING WAIVER AND (B)&nbsp;ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.11.&#8239;&#8239;
</FONT><B>Headings</B>. Article&nbsp;and Section&nbsp;headings and the Table of Contents used herein are for convenience of reference
only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.12.&#8239;&#8239;
</FONT><B>Confidentiality</B>. Each of the Administrative Agent, each Issuing Bank and the Lenders agrees to maintain the confidentiality
of the Information (as defined below), except that Information may be disclosed (a)&nbsp;to its and its Affiliates&rsquo; directors,
officers, employees and agents, including accountants, legal counsel and other advisors, in each case who have a need to know such Information
in accordance with customary banking practices (it being understood that the Persons to whom such disclosure is made will be informed
of the confidential nature of such Information and instructed to keep such Information confidential), (b)&nbsp;to the extent requested
by any Governmental Authority (including any self-regulatory authority, such as the National Association of Insurance Commissioners)
(c)&nbsp;to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d)&nbsp;to any other
party to this Agreement, (e)&nbsp;in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating
to this Agreement or the enforcement of rights hereunder, (f)&nbsp;subject to an agreement containing provisions substantially the same
as those of this Section, to (i)&nbsp;any assignee of or Participant in, or any prospective assignee of or Participant in, any of its
rights or obligations under this Agreement or (ii)&nbsp;any actual or prospective counterparty (or its advisors) to any swap or derivative
transaction relating to any Borrower and its obligations, (g)&nbsp;with the consent of the Parent Borrower or (h)&nbsp;to the extent
such Information (i)&nbsp;becomes publicly available other than as a result of a breach of this Section&nbsp;or (ii)&nbsp;becomes available
to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than a Borrower which is not
subject to a confidentiality obligation known to the Administrative Agent and the Lenders with respect to such information. For the purposes
of this Section, &ldquo;Information&rdquo; means all information received from any Borrower or any Subsidiary relating to such Borrower,
any Subsidiary or their respective businesses, other than any such information that is available to the Administrative Agent, any Issuing
Bank or any Lender on a nonconfidential basis prior to disclosure by such Borrower or any Subsidiary and other than information pertaining
to this Agreement routinely provided by arrangers to data service providers, including league table providers, that serve the lending
industry; <U>provided</U> that, in the case of information received from any Borrower or any Subsidiary after the date hereof, such information
is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as
provided in this Section&nbsp;shall be considered to have complied with its obligation to do so if such Person has exercised the same
degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.13.&#8239;&#8239;
</FONT><B>Satisfaction in Applicable Currency</B>. (a)&#8239;&#8239;If, for the purpose of obtaining judgment in any court, it is necessary
to convert a sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it may effectively
do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures in the relevant jurisdiction
the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment
is given.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; The obligation
of each Borrower hereunder or in respect of the Letters of Credit to make payments in a currency (the &ldquo;<U>Agreement Currency</U>&rdquo;)
shall, notwithstanding any judgment in a currency (the &ldquo;<U>Judgment Currency</U>&rdquo;) other than the Agreement Currency, be
discharged only to the extent that, on the Business Day following receipt by the Administrative Agent and the Lenders of any sum adjudged
to be so due in the Judgment Currency, the Administrative Agent and the Lenders may in accordance with normal banking procedures in the
relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased
is less than the sum originally due to the Administrative Agent and the Lenders in the Agreement Currency, the applicable Borrower agrees,
as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent, the Issuing Banks and each Lender
(as an alternative or additional cause of action) against such loss (if any) and if the amount of the Agreement Currency so purchased
exceeds the sum originally due to the Administrative Agent and the Lenders in the Agreement Currency, the Administrative Agent and the
Lenders agree to remit such excess to the applicable Borrower. The obligations of each Borrower contained in this Section&nbsp;10.13
shall survive the termination of this Agreement and the payment of all other amounts owing hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;10.14.&#8239;&#8239;
</FONT><FONT STYLE="font-size: 10pt"><B>Acknowledgement and Consent to Bail-In of Affected Financial Institutions</B>. Notwithstanding
anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability
is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to,
and acknowledges and agrees to be bound by:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder
which may be payable to it by any party hereto that is an Affected Financial Institution; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD STYLE="text-align: justify">the effects of any Bail-In Action on
                                            any such liability, including, if applicable:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">a reduction in full or in part or cancellation
                                            of any such liability;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">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 Loan Document;
                                            or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">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.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.15.&#8239;&#8239;
</FONT><B>Material Non-Public Information</B>. (a)&nbsp;EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN &lrm;SECTION&nbsp;10.12
FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY&nbsp;INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE BORROWERS AND THEIR RELATED
PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC
INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW,&nbsp;INCLUDING
FEDERAL AND STATE SECURITIES LAWS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">ALL
INFORMATION,&nbsp;INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE BORROWERS OR THE ADMINISTRATIVE AGENT PURSUANT TO,
OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY&nbsp;CONTAIN MATERIAL NON-PUBLIC INFORMATION
ABOUT THE BORROWERS AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWERS AND
THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY&nbsp;RECEIVE INFORMATION
THAT MAY&nbsp;CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.16.&#8239;&#8239;
</FONT><B>Interest Rate Limitation</B>. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable
to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively
the &ldquo;<U>Charges</U>&rdquo;), shall exceed the maximum lawful rate (the &ldquo;<U>Maximum Rate</U>&rdquo;) which may be contracted
for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable
in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to
the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of
the operation of this Section&nbsp;shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or
periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the
applicable Overnight Rate to the date of repayment, shall have been received by such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.17.&#8239;&#8239;
</FONT><B>No Fiduciary Duty,&nbsp;etc.</B>. (a)&nbsp;The Parent Borrower acknowledges and agrees, and acknowledges its Subsidiaries&rsquo;
understanding, that no Credit Party will have any obligations except those obligations expressly set forth herein and in the other Loan
Documents and each Credit Party is acting solely in the capacity of an arm&rsquo;s length contractual counterparty to the Borrowers with
respect to the Loan Documents and the transactions contemplated herein and therein and not as a financial advisor or a fiduciary to,
or an agent of, the Borrowers or any other Person. Each Borrower agrees that it will not assert any claim against any Credit Party based
on an alleged breach of fiduciary duty by such Credit Party in connection with this Agreement and the transactions contemplated hereby.
Additionally, each Borrower acknowledges and agrees that no Credit Party is advising such Borrower as to any legal, tax, investment,
accounting, regulatory or any other matters in any jurisdiction. Each Borrower shall consult with its own advisors concerning such matters
and shall be responsible for making its own independent investigation and appraisal of the transactions contemplated herein or in the
other Loan Documents, and the Credit Parties shall have no responsibility or liability to such Borrower with respect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Each
Borrower further acknowledges and agrees, and acknowledges its Subsidiaries&rsquo; understanding, that each Credit Party, together with
its Affiliates, in addition to providing or participating in commercial lending facilities such as that provided hereunder, is a full
service securities or banking firm engaged in securities trading and brokerage activities as well as providing investment banking and
other financial services. In the ordinary course of business, any Credit Party may provide investment banking and other financial services
to, and/or acquire, hold or sell, for its own accounts and the accounts of customers, equity, debt and other securities and financial
instruments (including bank loans and other obligations) of, such Borrower and other companies with which such Borrower may have commercial
or other relationships. With respect to any securities and/or financial instruments so held by any Credit Party or any of its customers,
all rights in respect of such securities and financial instruments, including any voting rights, will be exercised by the holder of the
rights, in its sole discretion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">In
addition, each Borrower acknowledges and agrees, and acknowledges its Subsidiaries&rsquo; understanding, that each Credit Party and its
affiliates may be providing debt financing, equity capital or other services (including financial advisory services) to other companies
in respect of which such Borrower may have conflicting interests regarding the transactions described herein and otherwise. Each Credit
Party shall exercise the same degree of care to maintain the confidentiality of confidential information furnished to it by the Borrowers
as each such Credit Parties would accord to its own confidential information. No Credit Party will use confidential information obtained
from any Borrower or Loan Party by virtue of the transactions contemplated by the Loan Documents or its other relationships with any
Borrower in connection with the performance by such Credit Party of services for other companies, and no Credit Party will furnish any
such information to other companies. Each Borrower also acknowledges that no Credit Party has any obligation to use in connection with
the transactions contemplated by the Loan Documents, or to furnish to the Borrower, confidential information obtained from other companies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.18.&#8239;&#8239;
</FONT><B>USA PATRIOT Act</B>. Each Lender that is subject to the requirements of the USA PATRIOT Act of 2001 (the &ldquo;<U>Patriot
Act</U>&rdquo;) hereby notifies the Borrowers that pursuant to the requirements of the Patriot Act, it is required to obtain, verify
and record information that identifies each Borrower, which information includes the name and address of each Borrower and other information
that will allow such Lender to identify the Borrower in accordance with the Patriot Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.19.&#8239;&#8239;
</FONT><B>Acknowledgement Regarding Any Supported QFCs</B>. To the extent that the Loan Documents provide support, through a guarantee
or otherwise, for Swap Agreements or any other agreement or instrument that is a QFC (such support &ldquo;<U>QFC Credit Support</U>&rdquo;
and each such QFC a &ldquo;<U>Supported QFC</U>&rdquo;), 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 &ldquo;<U>U.S. Special Resolution Regimes</U>&rdquo;)
in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents
and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other
state of the United States):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">In the event a
Covered Entity that is party to a Supported QFC (each, a &ldquo;<U>Covered Party</U>&rdquo;) becomes subject to a proceeding under a
U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation
in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit
Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution
Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the
laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes
subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to
such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater
extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents
were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood
and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered
Party with respect to a Supported QFC or any QFC Credit Support.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Section&nbsp;10.20.&#8239;&#8239;
</FONT><B>Existing Credit Agreement.</B> (a)&#8239;&#8239;The Lenders which are parties to the Existing Credit Agreement (which Lenders
constitute the &ldquo;Required Lenders&rdquo; as defined in the Existing Credit Agreement) hereby (i)&nbsp;waive the requirement, set
forth in <U>Section&nbsp;2.07(c)</U>&nbsp;of the Existing Credit Agreement, that the Parent Borrower give not less than two Business
Days&rsquo; notice of any termination of the Commitments (as defined therein), (ii)&nbsp;acknowledge and agree that, for purposes of
determining the total &ldquo;Revolving Credit Exposures&rdquo; (as defined therein) that would be outstanding thereunder on the date
of such termination, the letters of credit issued thereunder that are listed on <U>Schedule 2.04</U> hereof shall (as a result of the
operation of the antepenultimate sentence of <U>Section&nbsp;2.04(a)</U>&nbsp;of this Agreement, which provides that on the Effective
Date such letters of credit shall be deemed to be &ldquo;Letters of Credit&rdquo; issued hereunder) on the Effective Date be deemed no
longer outstanding under the Existing Credit Agreement and (iii)&nbsp;pursuant to <U>Section&nbsp;10.02</U> of the Existing Credit Agreement,
consent to the execution and delivery by JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent (under and as defined in
the Existing Credit Agreement) for and on behalf of the Lenders (under and as defined in the Existing Credit Agreement), of this Agreement
to evidence or effectuate (as set forth in <U>Section&nbsp;10.02(b)</U>) the waivers and agreements set forth in <U>clauses (i)</U>&nbsp;and
<U>(ii)</U>&nbsp;above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&#8239;&#8239; JPMorgan Chase
Bank, N.A., in its capacity as Administrative Agent as defined in the Existing Credit Agreement hereby (i)&nbsp;waives, for and on behalf
of the Lenders (as defined therein), the requirement, set forth in <U>Section&nbsp;2.07(c)</U>&nbsp;of the Existing Credit Agreement,
that the Parent Borrower give not less than two Business Days&rsquo; notice of any termination of the Commitments (as defined therein)
and (ii)&nbsp;acknowledges and agrees, for and on behalf of the Lenders (as defined therein), that for purposes of determining the total
 &ldquo;Revolving Credit Exposures&rdquo; (as defined therein) that would be outstanding thereunder on the date of such termination, the
letters of credit issued thereunder that are listed on <U>Schedule 2.04</U> hereof shall on the Effective Date be deemed no longer outstanding
under the Existing Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&#8239;&#8239; Upon the Effective
Date, the Existing Credit Agreement shall deemed to be terminated</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[Remainder of Page&nbsp;Intentionally Left Blank;
Signatures Follow]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>IN
WITNESS WHEREOF,</B></FONT> the parties hereto have caused this Agreement to be duly executed by their respective authorized officers
as of the day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RALPH LAUREN CORPORATION</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Jane Nielsen</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Jane Nielsen</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: &#8239;&#8239;Chief Financial Officer and Chief Operating Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RL FINANCE B.V.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Agnieszka Gradek</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Agnieszka Gradek</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: &#8239;&#8239;&#8239;Managing Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RALPH LAUREN EUROPE S&Agrave;RL</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Carmel Pedatella</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Carmel Pedatella</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: &#8239;&#8239;&#8239;President</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RALPH LAUREN ASIA PACIFIC LIMITED</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Lau Siu Man</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Lau Siu Man</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: &#8239;&#8239;&#8239;Director</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to Credit Agreement (Ralph
Lauren Corporation)]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">JPMORGAN CHASE BANK, N.A., individually as the Administrative Agent, as an Issuing Bank and as a Lender</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Charles W. Shaw</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Charles W. Shaw</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: &#8239;&#8239;&#8239;Vice President</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to Credit Agreement (Ralph
Lauren Corporation)]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BANK OF AMERICA, N.A.,</FONT>&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
as an Issuing Bank and as a Lender</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Michelle L. Walker</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Michelle L. Walker</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:&#8239;&#8239;&#8239; Vice President</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">HSBC BANK USA, N.A.,</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;<BR>
as a Lender</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Andrew Wulff</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Andrew Wulff</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: &#8239;&#8239;&#8239;Senior Vice President</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ING BANK N.V., DUBLIN BRANCH,</FONT>&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
as a Lender</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Rosemary Healy</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Rosemary Healy</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: &#8239;&#8239;&#8239;Vice President</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/Cormac Langford</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Cormac Langford</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
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    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DEUTSCHE BANK AG NEW YORK BRANCH,</FONT>&#8239;<BR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to Credit Agreement (Ralph
Lauren Corporation)]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sumitomo Mitsui Banking Corporation,</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as a Lender</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to Credit Agreement (Ralph
Lauren Corporation)]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TYPE>EX-101.SCH
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
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<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>5
<FILENAME>rl-20230630_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
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<TYPE>XML
<SEQUENCE>6
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.2</span><table class="report" border="0" cellspacing="2" id="idm140672947079984">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Jun. 30, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jun. 30,  2023<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-13057<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">RALPH LAUREN CORPORATION<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001037038<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">13-2622036<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">650 MADISON AVENUE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">NEW YORK<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">NY<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">10022<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">212<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">318-7000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
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</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Class&#160;A Common Stock, $.01 par value<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">RL<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
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</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
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<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
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<td>dei:submissionTypeItemType</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
