<SEC-DOCUMENT>0001019056-20-000429.txt : 20200728
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<ACCEPTANCE-DATETIME>20200727201823
ACCESSION NUMBER:		0001019056-20-000429
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20200722
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:		20200728
DATE AS OF CHANGE:		20200727

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STEVEN MADDEN, LTD.
		CENTRAL INDEX KEY:			0000913241
		STANDARD INDUSTRIAL CLASSIFICATION:	FOOTWEAR, (NO RUBBER) [3140]
		IRS NUMBER:				133588231
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23702
		FILM NUMBER:		201051556

	BUSINESS ADDRESS:	
		STREET 1:		52-16 BARNETT AVE
		CITY:			LONG ISLAND CITY
		STATE:			NY
		ZIP:			11104
		BUSINESS PHONE:		7184461800

	MAIL ADDRESS:	
		STREET 1:		52-16 BARNETT AVENUE
		CITY:			LONG ISLAND CITY
		STATE:			NY
		ZIP:			11104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MADDEN STEVEN LTD
		DATE OF NAME CHANGE:	19931008
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-size: 14pt"><b>UNITED STATES</b></span><br />
<span style="font-size: 14pt"><b>SECURITIES AND EXCHANGE COMMISSION</b></span><br />
<span style="font-size: 12pt"><b>WASHINGTON, DC 20549</b></span></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-size: 18pt"><b>FORM <span id="xdx_901_edei--DocumentType_c20200722__20200722_zm3QrvclSjV"><ix:nonNumeric contextRef="From2020-07-22to2020-07-22" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></span></p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-size: 10pt">Date of Report:
<span id="xdx_908_edei--DocumentPeriodEndDate_c20200722__20200722_zxDaAXiWEGP4"><ix:nonNumeric contextRef="From2020-07-22to2020-07-22" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate">July 22, 2020</ix:nonNumeric></span><br />
(Date of earliest event reported)</span></p>

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LTD.</ix:nonNumeric></span></b></span><br />
<span style="font-size: 10pt">(Exact Name of Registrant as Specified in Charter)</span></p>

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    <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 32%"><span style="font-size: 10pt">&#160;</span></td></tr>
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    <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"><span style="font-size: 1pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-size: 1pt">&#160;</span></td>
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    of Incorporation)</span></td>
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    Identification No.)</span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_906_edei--EntityAddressAddressLine1_c20200722__20200722_zbjVPMk86mkl"><ix:nonNumeric contextRef="From2020-07-22to2020-07-22" name="dei:EntityAddressAddressLine1">52-16 Barnett Avenue</ix:nonNumeric></span>, <span id="xdx_90B_edei--EntityAddressCityOrTown_c20200722__20200722_zYhYPtpCeuAd"><ix:nonNumeric contextRef="From2020-07-22to2020-07-22" name="dei:EntityAddressCityOrTown">Long Island City</ix:nonNumeric></span>, <span id="xdx_90F_edei--EntityAddressStateOrProvince_c20200722__20200722_zgTH6a856bya"><ix:nonNumeric contextRef="From2020-07-22to2020-07-22" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince">New York</ix:nonNumeric></span> <span id="xdx_90E_edei--EntityAddressPostalZipCode_c20200722__20200722_zL5UCpymVxcf"><ix:nonNumeric contextRef="From2020-07-22to2020-07-22" name="dei:EntityAddressPostalZipCode">11104</ix:nonNumeric></span></span></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-size: 10pt">(Address of Principal Executive Offices) &#160;&#160;(Zip Code)</span></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-size: 10pt"><span style="text-decoration: underline">Registrant&#8217;s
telephone number, including area code: <span id="xdx_908_edei--CityAreaCode_c20200722__20200722_zDFqhI5uG9uh"><ix:nonNumeric contextRef="From2020-07-22to2020-07-22" name="dei:CityAreaCode">(718)</ix:nonNumeric></span> <span id="xdx_902_edei--LocalPhoneNumber_c20200722__20200722_zfnU3B7cV10a"><ix:nonNumeric contextRef="From2020-07-22to2020-07-22" name="dei:LocalPhoneNumber">446-1800</ix:nonNumeric></span></span></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p>

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

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

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

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

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    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt">Written communications pursuant to Rule
    425 under the Securities Act (17 CFR 230.425)</span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"></p>

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

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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 13(a) of the Exchange Act. <span style="font-family: Wingdings">o</span></p>

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    <td style="font: 10pt Times New Roman, Times, Serif; width: 10%; padding-left: 0; text-indent: 0"><span style="font-size: 10pt"><b>Item 1.01.</b></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 90%; padding-left: 0; text-indent: 0"><span style="font-size: 10pt"><b>Entry into a Material Definitive Agreement.</b></span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline">Credit Agreement</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">On July 22, 2020, Steven Madden, Ltd. (the &#8220;Company&#8221;) entered into a $150 million revolving credit agreement (the &#8220;Credit Agreement&#8221;) with various lenders and Citizens Bank, N.A., as administrative agent (in such capacity, the &#8220;Agent&#8221;). The Credit Agreement replaces the Company&#8217;s existing credit facility provided by Rosenthal &#38; Rosenthal, Inc. (&#8220;Rosenthal&#8221;). The Company intends to use the new revolving credit facility for general corporate purposes.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">The Credit Agreement provides for a revolving credit facility scheduled to mature on July 22, 2025. The initial maximum availability under the revolving credit facility is $150 million, subject to a borrowing base consisting of certain eligible credit card receivables, accounts, inventory, and, subject to the satisfaction of certain conditions, in-transit inventory. Availability under the revolving credit facility is reduced by outstanding letters of credit. As of July 22, 2020, no revolving loans or letters of credit were outstanding under the Credit Agreement. The Company may from time to time increase the maximum availability under the Credit Agreement by up to $100 million if certain conditions are satisfied, including (i) the absence of any default under the Credit Agreement, and (ii) the Company obtaining the consent of the lenders participating in each such increase.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">Borrowings under the Credit Agreement generally bear interest at a variable rate equal to, at the Company&#8217;s election, (i) LIBOR for the applicable interest period plus a specified margin, which is based upon average availability under the revolving credit facility from time to time, or (ii) the base rate (which is the highest of (a) the prime rate announced by Citizens Bank, N.A. or its parent company, (b) the sum of the federal funds effective rate plus 0.50%, and (c) the sum of one-month LIBOR plus 1%) plus a specified margin, which is based upon average availability under the revolving credit facility from time to time.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">Under the Credit Agreement, the Company must also pay (i) a commitment fee to the Agent, for the account of each lender, which shall accrue at a rate equal to 0.40% per annum on the average daily unused amount of the commitment of such lender, (ii) a letter of credit participation fee to the Agent, for the account of each lender, ranging from 2.00% to 2.50% per annum, based upon average availability under the revolving credit facility from time to time, multiplied by the average daily amount available to be drawn under the applicable letter of credit, and (iii) a letter of credit fronting fee to each issuer of a letter of credit under the Credit Agreement, which shall accrue at a rate per annum separately agreed upon between the Company and such issuer.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">The Credit Agreement contains various restrictions and covenants applicable to the Company and its subsidiaries. Among other requirements, availability under the revolving credit facility must, at all times, (i) prior to the occurrence of the permanent borrowing base trigger (as defined in the Credit Agreement), equal or exceed the greater of $22.5 million and 15% of the line cap (as defined in the Credit Agreement), and (ii) after the occurrence of the permanent borrowing base trigger, equal or exceed the greater of $15 million and 10% of the line cap. Other than this minimum availability requirement, the Credit Agreement does not include any financial maintenance covenants.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">The Credit Agreement requires various subsidiaries of the Company to guarantee obligations arising from time to time under the revolving credit facility, as well as obligations arising in respect of certain cash management and hedging transactions. The Credit Agreement also requires the Company to guarantee its subsidiaries&#8217; obligations under the revolving credit facility and in respect of certain cash management and hedging transactions. Subject to customary exceptions and limitations, all of the borrowings under the Credit Agreement are secured by a lien on all or substantially all of the assets of the Company and each subsidiary guarantor, including the assets included in the borrowing base. Certain additional subsidiaries of the Company may from time to time become borrowers or guarantors pursuant to the Credit Agreement.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">The Credit Agreement also contains customary events of default. If an event of default under the Credit Agreement occurs and is continuing, then the Agent may, and at the request of the required lenders shall, terminate the loan commitments under the Credit Agreement, declare any outstanding obligations under the Credit Agreement to be immediately due and payable and/or require that the Company adequately cash collateralize outstanding letter of credit obligations. In addition, if, among other things, the Company or, with certain exceptions, a subsidiary thereof becomes the subject of voluntary or involuntary proceedings under any bankruptcy, insolvency or similar law, then the loan commitments under the Credit Agreement will automatically terminate, any outstanding obligations under the Credit Agreement will automatically become immediately due and payable, and the cash collateral required under the Credit Agreement for any outstanding letter of credit obligations will automatically become immediately due and payable.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline">Amended and Restated Deferred Purchase Factoring Agreement</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">On July 22,
2020, the Company also entered into an Amended and Restated Deferred Purchase Factoring Agreement (the &#8220;Factoring
Agreement&#8221;) among the Company, certain of the Company&#8217;s subsidiaries party thereto (collectively with the
Company, the &#8220;Madden Entities&#8221;), and Rosenthal. Pursuant to the Factoring Agreement, Rosenthal will serve as the
collection agent with respect to certain of the Madden Entities&#8217; receivables and will be entitled to receive a base
commission of 0.20% of the gross invoice amount of each receivable assigned for collection, plus certain additional fees and
expenses, subject to certain minimum annual commissions. Rosenthal will generally assume the credit risk resulting from a
customer&#8217;s financial inability to make payment with respect to credit approved receivables. The initial term of the Factoring Agreement
is twelve months, subject to automatic renewal for additional twelve-month contract periods, and the Factoring Agreement may
be terminated at any time by Rosenthal or the Madden Entities on 60 days&#8217; notice and upon the occurrence of certain
other events. The Madden Entities pledged all of their right, title and interest in, to and under the Factoring Agreement in
favor of the Agent to secure obligations arising under or in connection with the Credit Agreement.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">The foregoing descriptions of the Credit Agreement and the Factoring Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the Credit Agreement and the Factoring Agreement, which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K and incorporated herein by reference.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">PJ Solomon acted as financial advisor to the Company with respect to the Credit Agreement, and Foley &#38; Lardner LLP acted as legal counsel to the Company with respect to the Credit Agreement and the Factoring Agreement.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">In connection with the Credit Agreement and the Factoring Agreement referred to under Item 1.01 of this Current Report on Form 8-K, on July 22, 2020, the Company amended, restated, replaced, and superseded (i) the Collection Agency Agreement, dated July 10, 2009, as previously amended, between the Company and certain subsidiaries of the Company, on the one hand, and Rosenthal, on the other hand, and (ii) certain other collection agency agreements between subsidiaries of the Company identified in the Factoring Agreement and Rosenthal (collectively, the &#8220;Collection Agency Agreements&#8221;). Under the Collection Agency Agreements, the Company and the subsidiaries party to the Collection Agency Agreements had the right to request advances from Rosenthal of up to the lesser of 85% of aggregate receivables submitted to Rosenthal or $50 million with a $15 million sub-limit for letters of credit.  Such advances bore interest at a rate based, at the Company&#8217;s election, upon a calculation that used either the prime rate minus 0.5% per annum or LIBOR plus 2.5% per annum.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.</span></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in"><span style="font-size: 10pt"></span></p>

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    <td style="font: 10pt Times New Roman, Times, Serif; width: 90%"><span style="font-size: 10pt"><b>Description</b></span></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt"><a href="ex10_01.htm">Credit Agreement, dated as of July 22, 2020, among Steven Madden, Ltd., the other subsidiary borrowers from time to time party thereto, the lenders from time to time party thereto, and Citizens Bank, N.A., as administrative agent.</a></span></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt">&#160;</span></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt"><a href="ex10_02.htm">Amended and Restated Deferred Purchase Factoring Agreement, dated as of July 22, 2020, among Steven Madden, Ltd., certain subsidiaries of Steven Madden, Ltd. party thereto and Rosenthal &#38; Rosenthal, Inc.</a></span></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt">&#160;</span></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">*Pursuant to Item 601(a)(5) of Regulation S-K, certain schedules and similar attachments have been omitted. The registrant hereby agrees to furnish a copy of any omitted schedule or similar attachment to the SEC upon request.</span></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-size: 10pt">Dated: July 27, 2020</span></p>

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    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><span style="font-size: 10pt"><b>STEVEN MADDEN, LTD.</b></span></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
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    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-size: 10pt">By:&#160;</span></td>
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<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 10.01</B></FONT></P>

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

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

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

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

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

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</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>dated as of July 22, 2020</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>STEVEN MADDEN, LTD.,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>as Lead Borrower,</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>THE OTHER BORROWERS PARTY
HERETO,</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>THE LENDERS PARTY HERETO,</B></P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>CITIZENS BANK, N.A.,<BR>
as Joint Lead Arranger and Sole Bookrunner,</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>CIT BANK, N.A.,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>as Joint Lead Arranger</B></P>


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    <TD COLSPAN="2" STYLE="text-align: left; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Article 1 Definitions and Rules of Construction</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">1</TD></TR>
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    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in; width: 20%">Section 1.1&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in; width: 70%">Definitions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt; width: 10%">1</TD></TR>
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    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 1.2&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Classification of Loans and Borrowings</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">55</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 1.3&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Terms Generally</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">55</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 1.4&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Accounting Terms; GAAP</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">56</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 1.5&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Rounding</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">57</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 1.6&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">References to Time</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">57</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 1.7&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Resolution of Drafting Ambiguities</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">57</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 1.8&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Status of Loan Document Obligations</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">57</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 1.9&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Interest; LIBOR Notification</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">57</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 1.10&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Divisions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">58</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Section 1.11&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Collection Agent</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">58</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: left; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Article 2 The Credits</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">58</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.1&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Commitments; Reserves</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">58</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.2&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Borrowings, Conversions and Continuations of Loans</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">59</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.3&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Swingline Loans</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">61</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.4&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Letters of Credit</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">63</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.5&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Termination and Reduction of Commitments</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">70</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.6&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Repayment of Loans; Evidence of Debt</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">71</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.7&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Prepayments</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">71</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.8&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Payments Generally; Administrative Agent&rsquo;s Clawback</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">73</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.9&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Defaulting Lenders</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">76</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.10&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Cash Collateral</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">78</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.11&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Incremental Commitments</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">79</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 2.12&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Joint and Several Liability</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">81</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Section 2.13&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Lead Borrower</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">83</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: left; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Article 3 Interest, Fees, Yield Protection, etc.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">83</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 3.1&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Interest</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">83</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 3.2&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Fees</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">84</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 3.3&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Alternate Rate of Interest</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">85</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 3.4&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Increased Costs; Illegality</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">87</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 3.5&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Break Funding Payments</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">88</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 3.6&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Taxes</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">89</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Section 3.7&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Mitigation Obligations; Replacement of Lenders</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">92</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: left; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Article 4 Conditions Precedent to Credit Extensions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">94</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 4.1&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Conditions to Initial Credit Extensions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">94</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Section 4.2&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Conditions to All Credit Extensions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">97</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: left; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Article 5 Representations and Warranties</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">97</TD></TR>
</TABLE>
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    <TD STYLE="width: 20%; text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.1&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 70%; text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Existence, Qualification and Power; Compliance with Laws</TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 0pt">97</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.2&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Authorization; No Contravention</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">98</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.3&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Governmental Authorization; Other Consents</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">98</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.4&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Binding Effect</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">98</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.5&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Financial Statements; No Material Adverse Effect</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">98</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.6&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Litigation</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">99</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.7&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Environmental Matters</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">99</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.8&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Ownership of Properties; Liens</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">100</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.9&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Casualty,&nbsp;Etc</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">101</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.10&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Investment Company Status</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">101</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.11&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Taxes</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">101</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.12&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">ERISA</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">101</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.13&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Subsidiaries; Equity Interests</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">102</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.14&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Insurance</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">102</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.15&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Federal Reserve Regulations, Etc</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">102</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.16&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Collateral Documents</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">103</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.17&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Solvency</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">103</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.18&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Anti-Corruption Laws; Sanctions; Anti-Terrorism Laws</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">104</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.19&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Accuracy of Information, Etc</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">104</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.20&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Labor Matters</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">105</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.21&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Absence of Certain Restrictions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">105</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.22&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">No Default</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">105</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.23&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Common Enterprise</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">105</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.24&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Brokers&rsquo; Fees</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">105</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.25&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">EEA Financial Institutions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">105</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 5.26&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Accounts</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">105</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Section 5.27&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Inventory</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">106</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: left; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Article 6 Affirmative Covenants</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">106</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.1&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Financial Statements and Other Information</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">106</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.2&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Notices of Material Events</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">109</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.3&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Existence; Conduct of Business</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">109</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.4&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Payment and Performance of Obligations</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">110</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.5&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Maintenance of Properties</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">110</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.6&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Books and Records; Inspection Rights; Field Examinations; Appraisals</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">110</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.7&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Compliance with Laws</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">111</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.8&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Use of Proceeds</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">111</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.9&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Information Concerning Collateral</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">112</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.10&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Insurance</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">112</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.11&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Casualty Events</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">113</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.12&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Covenant to Guarantee and Provide Security</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">114</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.13&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Environmental Matters</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">115</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.14&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Cash Management</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">115</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 6.15&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Borrowing Base Certificates; Collateral Administration</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">117</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Section 6.16&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Certain Post-Closing Obligations</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">118</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: left; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Article 7 Negative Covenants</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">119</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.1&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Indebtedness; Equity Interests</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">119</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.2&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Liens</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">121</TD></TR>
</TABLE>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 20%; text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.3&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 70%; text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Fundamental Changes; Business; Fiscal Year</TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 0pt">123</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.4&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Investments, Loans, Advances, Guarantees and Acquisitions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">124</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.5&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Dispositions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">126</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.6&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Sale and Lease Back Transactions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">127</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.7&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Swap Agreements</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">127</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.8&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Restricted Payments</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">128</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.9&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Transactions with Affiliates</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">129</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.10&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Restrictive Agreements</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">130</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.11&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Amendment of Material Documents</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">131</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.12&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Financial Covenants</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">131</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 7.13&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Payments on Subordinated Debt</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">131</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Section 7.14&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Dispositions of Intellectual Property</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">131</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: left; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Article 8 Events of Default</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">132</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 8.1&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Events of Default</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">132</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 8.2&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Remedies Upon Event of Default</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">135</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Section 8.3&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Application of Funds</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">135</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: left; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Article 9 The Administrative Agent</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">137</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 9.1&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Appointment and Authority</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">137</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 9.2&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Rights as a Lender</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">137</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 9.3&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Exculpatory Provisions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">137</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 9.4&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Reliance by Administrative Agent</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">138</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 9.5&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Delegation of Duties</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">138</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 9.6&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Resignation of Administrative Agent</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">139</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 9.7&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Non-Reliance on Administrative Agent and Other Lenders</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">140</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 9.8&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">No Other Duties, Etc</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">140</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 9.9&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Administrative Agent May File Proofs of Claim</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">140</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 9.10&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Collateral and Guarantee Matters</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">141</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 9.11&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Compliance with Flood Insurance Laws</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">142</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Section 9.12&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Cash Management Obligations and Swap Agreement Obligations</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">142</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: left; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Article 10 Miscellaneous</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">142</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.1&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Notices</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">142</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.2&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Waivers; Amendments</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">145</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.3&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Expenses; Indemnity; Damage Waiver</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">149</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.4&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Successors and Assigns</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">151</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.5&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Survival</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">156</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.6&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Counterparts; Integration; Effectiveness; Electronic Execution</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">156</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.7&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Severability</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">157</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.8&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Setoff</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">157</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.9&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Governing Law; Jurisdiction; Consent to Service of Process</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">157</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.10&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">WAIVER OF JURY TRIAL</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">158</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.11&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Payments Set Aside</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">158</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.12&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Headings</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">158</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.13&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Interest Rate Limitation</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">159</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.14&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Confidentiality; Treatment of Certain Information</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">159</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.15&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">USA PATRIOT Act</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">160</TD></TR>
</TABLE>
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 20%; text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.16&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 70%; text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">No Fiduciary Duty</TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 0pt">160</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.17&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Acknowledgement and Consent to Bail-In of Affected Financial Institutions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">160</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Section 10.18&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in">Certain ERISA Matters</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">161</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: 0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Section 10.19&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0; padding-top: 0in; padding-bottom: 12pt; padding-left: 0in">Acknowledgement Regarding Any Supported QFCs</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">163</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>SCHEDULES</U>:</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: 19%; padding-right: 0.5pt; padding-left: 0.5pt">Schedule 1.1A</TD>
    <TD STYLE="width: 81%; padding-right: 0.5pt; padding-left: 0.5pt">Approved Foreign Vendor Jurisdictions</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 2.1</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Commitments</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 4.1(f)</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Collateral Documents and Related Requirements</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 5.13</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Subsidiaries; Equity Interests</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 5.14</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Insurance</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 5.16</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">UCC Filing Offices </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 6.16</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Certain Post-Closing Obligations</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 7.1</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Existing Indebtedness</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 7.2</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Existing Liens</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 7.4</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Existing Investments</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 7.9</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Existing Affiliate Transactions</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 7.10</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Existing Restrictions</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Schedule 10.1</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt">Notice Information</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>EXHIBITS</U>:</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: 19%; padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit A</TD>
    <TD STYLE="width: 81%; padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of Assignment and Assumption</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit B</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of Borrowing Base Certificate</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit C-1</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of Committed Loan Notice</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit C-2</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of Swingline Loan Notice</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit D-1</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of Revolving Loan Note</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit D-2</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of Swingline Loan Note</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit E</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of Compliance Certificate</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit F</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of Subsidiary Joinder Agreement</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit G-1</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of U.S. Tax Compliance Certificate For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit G-2</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of U.S. Tax Compliance Certificate For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit G-3</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of U.S. Tax Compliance Certificate For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit G-4</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of U.S. Tax Compliance Certificate For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit H</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of Master Intercompany Note</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-align: justify; text-indent: 0.6pt">Exhibit I</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of Solvency Certificate</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 0.6pt">Exhibit J</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">Form of Secured Obligation Designation Notice</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 0.6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.5pt; padding-left: 0.5pt; text-indent: 1.1pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>CREDIT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">CREDIT AGREEMENT,
dated as of July 22, 2020, among STEVEN MADDEN, LTD., a Delaware corporation (the &ldquo;<U>Lead Borrower</U>&rdquo;), the other
Borrowers party hereto from time to time, the Lenders party hereto from time to time and CITIZENS BANK, N.A., as Administrative
Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><U>RECITALS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Borrowers have requested that the Lenders make loans and other financial accommodations to the Borrowers as more fully set forth
herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Lenders have indicated their willingness to lend and each L/C&nbsp;Issuer has indicated its willingness to issue Letters of Credit,
in each case, on the terms and subject to the conditions set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In consideration
of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
1<BR>
<BR>
Definitions and Rules of Construction</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Definitions</U></FONT>. As used in this Credit Agreement, the following terms have the meanings specified below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>ABR Borrowing</U>&rdquo;
means, as to any Borrowing, the ABR Loans comprising such Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>ABR Loan</U>&rdquo;
means a Loan (other than a Swingline Loan) bearing interest based on the Alternate Base Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Acceptable
Document of Title</U>&rdquo; means, with respect to any In-Transit Inventory, a tangible bill of lading or other Document or Document
of Title that (a) is issued by a common carrier, which is not an Affiliate of the Approved Foreign Vendor or any Loan Party, which
is in actual possession of such In-Transit Inventory, (b) is issued to a Loan Party (and, in the case of any negotiable documents,
to the order of a Loan Party) or, if so requested by the Administrative Agent, is issued to the order of the Administrative Agent,
(c) names the Administrative Agent as a notify party and bears a conspicuous notation on its face of the Administrative Agent&rsquo;s
security interest therein, and (d) is subject to the Administrative Agent&rsquo;s duly perfected First Priority security interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Account</U>&rdquo;
means an &ldquo;account&rdquo; as defined in Article&nbsp;9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Account
Debtor</U>&rdquo; has the meaning set forth in the Security Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Acquired
EBITDA</U>&rdquo; means, with respect to any Acquired Entity or Business for any period, the historical Consolidated EBITDA of
such Acquired Entity or Business for such period as certified by a Financial Officer of Lead Borrower to the knowledge of such
Financial Officer, which historical Consolidated EBITDA shall be calculated in a manner consistent with the definition of Consolidated
EBITDA herein and to be based on financial statements for such Acquired Entity or Business prepared in accordance with GAAP (subject
to the absence of footnote disclosures and year-end audit adjustments with respect to financial statements that are not annual
audited financial statements), <U>provided</U> that when such Acquired EBITDA is included in Consolidated EBITDA it shall be on
a Pro Forma Basis.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Acquired
Entity or Business</U>&rdquo; means, for any period, any Person, property, business or asset acquired by Lead Borrower or any of
its Subsidiaries in a Permitted Acquisition, to the extent not subsequently sold, transferred or otherwise Disposed of during such
period outside of the ordinary course of business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Acquisition</U>&rdquo;
means any transaction or series of related transactions (unless solely among Lead Borrower and/or one or more of its Subsidiaries)
resulting, directly or indirectly, in: (a)&nbsp;the acquisition by any Person of (i)&nbsp;all or substantially all of the assets
of another Person or (ii)&nbsp;all or substantially all of any business line, unit or division of another Person, (b)&nbsp;the
acquisition by any Person (i)&nbsp;of in excess of 50% of the Equity Interests of any other Person, or (ii)&nbsp;otherwise causing
any other Person to become a subsidiary of such Person, or (c)&nbsp;a merger, amalgamation consolidation, or any other combination
of any Person with another Person in which a Loan Party or any of its Subsidiaries is the surviving Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Additional
Commitment Lender</U>&rdquo; has the meaning assigned to such term in <U>Section 10.2(e)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Adjusted
LIBOR Rate</U>&rdquo; means, with respect to any LIBOR Borrowing for any Interest Period, an interest rate per annum equal to the
LIBOR Rate in effect for such Interest Period <U>multiplied by</U> the Statutory Reserve Rate; <U>provided</U>, <U>however</U>,
that the Adjusted LIBOR Rate shall at no time be less than 1.00% per annum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Administrative
Agent</U>&rdquo; means Citizens Bank, in its capacity as administrative agent for the Lenders, or any successor thereto appointed
pursuant to <U>Section 9.6</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Administrative
Agent&rsquo;s Payment Office</U>&rdquo; means the Administrative Agent&rsquo;s office located at 28 State Street, Boston, Massachusetts
02109, or such other office as to which the Administrative Agent may from time to time notify Lead Borrower and the Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Affected
Financial Institution</U>&rdquo; means (a) any EEA Financial Institution or (b) any UK Financial Institution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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; <U>provided</U>, <U>however</U>, that neither the Administrative
Agent nor any Lender (nor any Affiliate thereof) shall be considered an Affiliate of Lead Borrower or any subsidiary thereof as
a result of this Credit Agreement, the extensions of credit hereunder or its actions in connection therewith; <U>provided further</U>
that no individual shall be deemed to be an Affiliate of a Person solely because such individual is a director or senior officer
(or the substantial equivalent of a director or senior officer) of such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Agent
Parties</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;10.1(d)(iii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Agreement
Date</U>&rdquo; means the first date appearing in this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Alternate
Base Rate</U>&rdquo; means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b)
the Federal Funds Effective Rate in effect on such day <U>plus</U> 0.50% per annum and (c) the Daily LIBOR Rate on such day <U>plus
</U>1.00% per annum, <U>provided</U> that the Alternate Base Rate shall at no time be less than 2.00% per annum. If the Administrative
Agent shall have determined (which determination shall be conclusive absent clearly manifest error) that it is unable to ascertain
the Federal Funds Effective Rate or the Daily LIBOR Rate for any reason, including the inability or failure of the Administrative
Agent to obtain sufficient quotations in accordance with the terms of the definition of the term Federal Funds Effective Rate,
the Alternate Base Rate shall be determined without regard to clause (b) or (c), as applicable, of the preceding sentence until
the circumstances giving rise to such inability no longer exist. Any change in the Alternate Base Rate due to a change in the
Prime Rate, the Federal Funds Effective Rate or the Daily LIBOR Rate shall be effective from and including the effective date
of such change in the Prime Rate, the Federal Funds Effective Rate or the Daily LIBOR Rate, respectively.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Anti-Corruption
Laws</U></FONT>&rdquo; means all laws, rules, and regulations of any jurisdiction applicable to the Loan Parties or their respective
Subsidiaries from time to time concerning or relating to bribery or corruption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Anti-Terrorism
Laws</U></FONT>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;5.18(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Applicable
Lending Office</U></FONT>&rdquo; means for any Lender, such Lender&rsquo;s office, branch or affiliate designated for LIBOR Loans,
ABR Loans, Swingline Loans or Letters of Credit or participations therein, as applicable, as notified to the Administrative Agent,
any of which offices may be changed by such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal">&ldquo;<U>Applicable
Margin</U>&rdquo;</FONT> means, during the applicable periods set forth below: in the case of (i) ABR Borrowings, the percentage
set forth in the following table under the heading &ldquo;ABR Margin&rdquo;, (ii) Swingline Loans, the percentage set forth in
the following table under the heading &ldquo;ABR Margin&rdquo;, and (iii) LIBOR Borrowings and the L/C Participation Fees, the
percentage set forth in the following table under the heading &ldquo;LIBOR Margin and L/C Participation Fee&rdquo;:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; border-collapse: collapse">
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="width: 12%; border-top: Black 1.5pt double; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1.5pt double; padding-right: 0.5pt; padding-bottom: 6pt; padding-left: 0.5pt; text-align: center"><B>Pricing<BR>
Level</B></TD>
    <TD STYLE="width: 51%; border-top: Black 1.5pt double; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.5pt; padding-bottom: 6pt; padding-left: 0.5pt; text-align: center"><B>Average Availability Percentage</B></TD>
    <TD STYLE="width: 15%; border-top: Black 1.5pt double; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 0.5pt; padding-left: 0.5pt; text-align: center"><B>ABR<BR>
Margin</B></TD>
    <TD STYLE="border-top: Black 1.5pt double; border-right: Black 1.5pt double; border-bottom: Black 1pt solid; width: 22%; text-align: center"><B>LIBOR<BR>
Margin<BR>
and L/C Participation Fee</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1.5pt double; border-bottom: Black 1pt solid; padding-right: 0.5pt; padding-bottom: 6pt; padding-left: 0.5pt; text-align: center">I</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 0.25in">Greater than or equal to 66.67%</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 0.25in">1.00%</TD>
    <TD STYLE="border-right: Black 1.5pt double; border-bottom: Black 1pt solid; text-align: center; padding-bottom: 6pt">2.00%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1.5pt double; border-bottom: Black 1pt solid; padding-right: 0.5pt; padding-bottom: 6pt; padding-left: 0.5pt; text-align: center">II</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 0.25in">Greater than or equal to 33.33% but less than 66.67%</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 6pt; padding-left: 0.25in">1.25%</TD>
    <TD STYLE="border-right: Black 1.5pt double; border-bottom: Black 1pt solid; text-align: center; padding-bottom: 6pt">2.25%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1.5pt double; border-bottom: Black 1.5pt double; padding-right: 0.5pt; padding-bottom: 6pt; padding-left: 0.5pt; text-align: center">III</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt double; padding-bottom: 6pt; padding-left: 0.25in">Less than 33.33%</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt double; padding-bottom: 6pt; padding-left: 0.25in">1.50%</TD>
    <TD STYLE="border-right: Black 1.5pt double; border-bottom: Black 1.5pt double; text-align: center; padding-bottom: 6pt">2.50%</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Until the later to occur of (x) the first
full fiscal quarter ending after the Closing Date and (y) the occurrence of the Permanent Borrowing Base Trigger, the Applicable
Margin will be based on Pricing Level III. The Average Availability Percentage shall be calculated by the Administrative Agent
based on the Borrowing Base Certificates delivered by Lead Borrower during the preceding fiscal quarter. Any increase or decrease
in the Applicable Margin resulting from a change in the Average Availability Percentage shall become effective as of the first
calendar day of each fiscal quarter; <U>provided</U>, <U>however</U>, that if the Borrowing Base Certificates (including any required
financial information in support thereof) are not delivered when due, then Pricing Level III shall apply until such time as such
Borrowing Base Certificates and supporting information are delivered. Any adjustment in the Applicable Margin shall be applicable
to all Loans then existing or subsequently made during the applicable period for which the relevant Applicable Margin applies.
Nothing in this paragraph shall limit the rights of the Administrative Agent and Lenders with respect to <U>Section&nbsp;3.1</U>
and <U>Section&nbsp;8.1</U>.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Applicable
Percentage</U>&rdquo; means, at any time (a) with respect to any Lender with a Commitment of any Class, the percentage equal to
a fraction the numerator of which is the amount of such Lender&rsquo;s Commitment of such Class and the denominator of which is
the aggregate amount of all Commitments of such Class of all Lenders (<U>provided</U> that if the Commitments under the Revolving
Facility have terminated or expired, the Applicable Percentages of the Lenders under the Revolving Facility shall be determined
based upon the Revolving Exposure at such time of the determination pursuant to clause (b) below) and (b) with respect to the Loans
of any Class, a percentage equal to a fraction the numerator of which is such Lender&rsquo;s Outstanding Amount of the Loans of
such Class and the denominator of which is the aggregate Outstanding Amount of all Loans of such Class.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Appropriate
Lenders</U>&rdquo; means, at any time, (a) with respect to the Revolving Facility, the Revolving Lenders, (b) with respect to any
Letters of Credit, the L/C&nbsp;Issuers and the Revolving Lenders, and (c) with respect to any Swingline Loans, the Swingline Lender
and the Revolving Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Approved
Foreign Vendor</U>&rdquo; means a Foreign Vendor which (a) is located in any country acceptable to the Administrative Agent in
its Permitted Discretion (it being understood that the countries identified on <U>Schedule&nbsp;1.1A</U> are acceptable on the
date hereof, and, if as a result of events or circumstances occurring after the date hereof, such countries become unacceptable
in the Administrative Agent&rsquo;s Permitted Discretion, then the Administrative Agent will use commercially reasonable efforts
to notify Lead Borrower promptly of such change in status and the basis therefor), (b) has received timely payment or performance
of all obligations owed to it by Lead Borrower and its Subsidiaries (other than those being contested in good faith by appropriate
action and with respect to which the Administrative Agent has been notified in writing and, if elected in its Permitted Discretion,
established a Reserve), and (c) has not asserted any reclamation, repossession, diversion, stoppage in transit, Lien or title retention
rights in respect of the applicable In-Transit Inventory.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Approved
Fund</U>&rdquo; means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or
an Affiliate of an entity that administers or manages a Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Approved
Line of Business</U>&rdquo; means, collectively, (a) those lines of business in which Lead Borrower and its Subsidiaries operate
on the Closing Date and (b) any business or activity that is the same, similar or otherwise reasonably related, ancillary, complementary
or incidental thereto or a reasonable extension thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Arrangers</U>&rdquo;
means, collectively, Citizens Bank, in its capacity as joint lead arranger and sole bookrunner for the Revolving Facility, and
CIT Bank, in its capacity as joint lead arranger for the Revolving Facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Assignment
and Assumption</U>&rdquo; means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent
of any party whose consent is required by <U>Section&nbsp;10.4</U>) and accepted by the Administrative Agent, in substantially
the form of <U>Exhibit A</U> or any other form approved by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Attributable
Indebtedness</U>&rdquo; means, at any date, and subject to <U>Section 1.4</U>, (a) in respect of any Finance Lease of any Person,
the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with
GAAP, (b) in respect of any Synthetic Lease Obligation of any Person, the capitalized or principal amount of the remaining lease
payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with
GAAP if such lease or other agreement were accounted for as a Finance Lease, and (c) all Synthetic Debt of such Person.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Audited
Financial Statements</U>&rdquo; means the Form 10-K containing the audited consolidated balance sheet of Lead Borrower and its
Subsidiaries as of December 31, 2019, and the related audited consolidated statements of income, comprehensive income, cash flows
and shareholders&rsquo; equity of Lead Borrower and its Subsidiaries for the Fiscal Year ended on such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Auto-Renewal
Letter of Credit</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;2.4(b)(iii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Availability</U>&rdquo;
means, at any time, the Line Cap at such time less the amount of the Total Revolving Outstandings at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Availability
Period</U>&rdquo; means, with respect to the Revolving Facility, the period from and including the Closing Date to but excluding
the earlier of the Maturity Date with respect to the Revolving Facility and, if different, the date of the termination of the Revolving
Commitments in accordance with the provisions of this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Average
Availability</U>&rdquo; means, for any period, the average of the Availability amounts for each Business Day during such period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Average
Availability Percentage</U>&rdquo; means, for any period, Average Availability for such period divided by the Revolving Credit
Maximum Amount as at the end of such period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Back-to-Back
Letter of Credit</U>&rdquo; means a letter of credit, in form and substance reasonably satisfactory to the applicable L/C&nbsp;Issuer
and issued by an issuer reasonably satisfactory to such applicable L/C&nbsp;Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Backstopped</U>&rdquo;
means, in respect of any Letter of Credit that remains outstanding on the applicable date, that the applicable L/C&nbsp;Issuer
shall have received (a) a Back-to-Back Letter of Credit and/or (b) cash or Cash Equivalents, <U>provided</U> that (i) the sum of
the maximum drawable amount of such Back-to-Back Letter of Credit <U>plus</U> the amount of such cash and Cash Equivalents shall
not be less than the Minimum Collateral Amount of the maximum drawable amount of such Letter of Credit, (ii) the arrangements with
respect to such cash, Cash Equivalents and drawings on any Back-to&#45;Back Letter of Credit allow the applicable L/C&nbsp;Issuer
to apply the same to reimburse itself with respect to drawings on, and other sums owing with respect to, such Letter of Credit,
and (iii) the requirements under clauses (i) and (ii) of this defined term are in all respects reasonably satisfactory to the applicable
L/C&nbsp;Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Bail-In
Legislation</U>&rdquo; means (a) 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 or requirement for such
EEA Member Country from time to time that is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United
Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable
in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions
or their affiliates (other than through liquidation, administration or other insolvency proceedings).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Bail-In
Lender</U>&rdquo; has the meaning assigned to such term in <U>Section 3.7</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Bankruptcy
Code</U>&rdquo; means Title 11 of the United State Code or any similar federal or state law for the relief of debtors.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Benchmark
Replacement</U>&rdquo; means the sum of: (a) the alternate benchmark rate (which may include Term SOFR or another rate based on
SOFR) that has been selected by the Administrative Agent and Lead Borrower giving due consideration to (i) any selection or recommendation
of a replacement rate or the mechanism for determining such a rate by the Relevant Governmental Body and/or (ii) any evolving or
then-prevailing market convention for determining a rate of interest as a replacement to the LIBOR Rate for U.S. dollar-denominated
syndicated credit facilities and (b) the Benchmark Replacement Adjustment; <U>provided</U> that, if the Benchmark Replacement as
so determined would be less than 1.00%, the Benchmark Replacement will be deemed to be 1.00% for the purposes of this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Benchmark
Replacement Adjustment</U>&rdquo; means, with respect to any replacement of the LIBOR Rate with an Unadjusted Benchmark Replacement
for each applicable Interest Period, 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 Lead Borrower giving due consideration
to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment,
for the replacement of the LIBOR Rate with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body and/or
(ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining
such spread adjustment, for the replacement of the LIBOR Rate with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated
syndicated credit facilities at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Benchmark
Replacement Conforming Changes</U>&rdquo; means, with respect to any Benchmark Replacement, any technical, administrative or operational
changes (including changes to the definition of &ldquo;Alternate Base Rate,&rdquo; the definition of &ldquo;Interest Period,&rdquo;
timing and frequency of determining rates and making payments of interest and other administrative matters, but excluding, for
the avoidance of doubt, any changes to economic terms) that the Administrative Agent decides in its reasonable good faith discretion
is appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof
by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides
&nbsp;in its reasonable good faith discretion that adoption of any portion of such market practice is not administratively feasible
or if the Administrative Agent determines <FONT STYLE="background-color: white">in its reasonable good faith discretion</FONT>
that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as the
Administrative Agent decides is reasonably necessary in connection with the administration of this Credit Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Benchmark
Replacement Date</U>&rdquo; means the earlier to occur of the following events with respect to the LIBOR Rate:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(1) in the case
of clause (1) or (2) of the definition of &ldquo;Benchmark Transition Event,&rdquo; the later of (a) the date of the public statement
or publication of information referenced therein and (b) the date on which the administrator of the LIBOR Rate permanently or indefinitely
ceases to provide the LIBOR Rate; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(2) in the case
of clause (3) of the definition of &ldquo;Benchmark Transition Event,&rdquo; the date of the public statement or publication of
information referenced therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Benchmark
Transition Event</U>&rdquo; means the occurrence of one or more of the following events with respect to the LIBOR Rate:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(1) a public statement
or publication of information by or on behalf of the administrator of the LIBOR Rate announcing that such administrator has ceased
or will cease to provide the LIBOR Rate, permanently or indefinitely, provided that, at the time of such statement or publication,
there is no successor administrator that will continue to provide the LIBOR Rate;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(2) a public statement
or publication of information by the regulatory supervisor for the administrator of the LIBOR Rate, the U.S. Federal Reserve System,
an insolvency official with jurisdiction over the administrator for the LIBOR Rate, a resolution authority with jurisdiction over
the administrator for the LIBOR Rate or a court or an entity with similar insolvency or resolution authority over the administrator
for the LIBOR Rate, in each case which states that the administrator of the LIBOR Rate has ceased or will cease to provide the
LIBOR Rate permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator
that will continue to provide the LIBOR Rate; and/or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(3) a public statement
or publication of information by the regulatory supervisor for the administrator of the LIBOR Rate or a Governmental Authority
having jurisdiction over the Administrative Agent in effect announcing that the LIBOR Rate is no longer representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Benchmark
Transition Start Date</U>&rdquo; means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark
Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective
event, the 90<SUP>th</SUP> day prior to the expected date of such event as of such public statement or publication of information
(or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such
statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the
Required Lenders, as applicable, by notice to Lead Borrower, the Administrative Agent (in the case of such notice by the Required
Lenders) and the Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Benchmark
Unavailability Period</U>&rdquo; means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred
with respect to the LIBOR Rate and solely to the extent that the LIBOR Rate has not been replaced with a Benchmark Replacement,
the period (x) beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement
has replaced the LIBOR Rate for all purposes hereunder in accordance with <U>Section 3.3(b)</U> and (y) ending at the time that
a Benchmark Replacement has replaced the LIBOR Rate for all purposes hereunder pursuant to <U>Section 3.3(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Beneficial
Ownership Certification</U>&rdquo; means, with respect to the Borrowers, a certification regarding beneficial ownership as required
by the Beneficial Ownership Regulation, which certification shall be substantially in the form provided by Administrative Agent
on or prior to the date hereof or such other form reasonably satisfactory to the Administrative Agent and customary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Benefit
Plan</U>&rdquo; means any of (a) an &ldquo;employee benefit plan&rdquo; (as defined in ERISA) that is subject to Title I of ERISA,
(b) a &ldquo;plan&rdquo; as defined in Section 4975 of the Code to which Section 4975 of the Code applies or (c) any Person whose
assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code)
the assets of any such &ldquo;employee benefit plan&rdquo; or &ldquo;plan&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Board</U>&rdquo;
means the Board of Governors of the Federal Reserve System of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Borrowers</U></FONT>&rdquo;
means Lead Borrower and each of its Subsidiaries that executes and delivers this Credit Agreement or becomes a party hereto by
the execution and delivery of a Subsidiary Joinder Agreement, and the permitted successors and assigns of each such Person, excluding
any Subsidiary that is expressly released from its obligations as a Borrower pursuant to the terms of this Credit Agreement.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Borrowing</U>&rdquo;
means Loans of the same Class and Type made, converted or continued on the same date and, in the case of LIBOR Loans, as to which
a single Interest Period is in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Borrowing
Base</U>&rdquo; means, at any time of determination, the Deemed Borrowing Base or the Permanent Borrowing Base, as applicable at
such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Borrowing
Base Certificate</U>&rdquo; means a certificate by a Responsible Officer of Lead Borrower, on its own behalf and on behalf of all
other Loan Parties, substantially in the form of <U>Exhibit B</U>, setting forth the calculation of the Borrowing Base, including
a calculation of each component thereof, all in such detail as shall be reasonably satisfactory to Administrative Agent. All calculations
of the Borrowing Base in connection with the preparation of any Borrowing Base Certificate shall originally be made by the Loan
Parties and certified to Administrative Agent; provided that Administrative Agent shall have the right to review and adjust, in
its Permitted Discretion, any such calculation after giving notice thereof to the Loan Parties, (1) to reflect its reasonable estimate
of declines in value of any of the Collateral described therein, and (2) to the extent that Administrative Agent determines in
its Permitted Discretion that such calculation is not in accordance with this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Borrowing
Base Reporting Trigger Event</U>&rdquo; means either of (a) the occurrence of a Specified Event of Default, or (b) Availability
being less than the greater of (i) $26,250,000 and (ii) 17.5% of the Line Cap for a period of three consecutive Business Days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Borrowing
Base Reporting Trigger Period</U>&rdquo; means the period commencing on the occurrence of a Borrowing Base Reporting Trigger Event,
and continuing until the date that (a) no Specified Event of Default shall be continuing and (b)&nbsp;Availability is greater than
or equal to the greater of (i) $26,250,000 and (ii) 17.5% of the Line Cap for a period of at least 30 consecutive calendar days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Borrowing
Minimum</U>&rdquo; means, in the case of a LIBOR Borrowing, $500,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Borrowing
Multiple</U>&rdquo; means, in the case of a LIBOR Borrowing, $100,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Business
Day</U>&rdquo; means any day other than a Saturday, Sunday or day on which banks in New York City, New York are authorized or required
by law to close; <U>provided</U>, <U>however</U>, that when used in connection with a LIBOR Loan, the term &ldquo;Business Day&rdquo;
shall also exclude any day on which banks are not open for dealings in Dollar deposits in the London interbank market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Capital
Expenditures</U>&rdquo; means, for any period, with respect to any Person, the aggregate of all expenditures by such Person which
are required to be capitalized under GAAP; <U>provided</U> that Capital Expenditures shall not include (i)&nbsp;the purchase price
paid in connection with a Permitted Acquisition, (ii)&nbsp;the purchase price of equipment that is purchased substantially simultaneously
with the trade-in of existing equipment to the extent that the gross amount of such purchase price is reduced by the credit granted
by the seller of such equipment for such existing equipment being traded in at such time, (iii)&nbsp;expenditures made in leasehold
improvements, to the extent reimbursed by the landlord, (iv)&nbsp;expenditures to the extent that they are actually paid for by
any Person other than a Loan Party or any of its Subsidiaries and to the extent no Loan Party or any of its Subsidiaries has provided
or is required to provide or incur, directly or indirectly, any consideration or monetary obligation to such third party or any
other Person (whether before, during or after such period), (v)&nbsp;property, plant and equipment taken in settlement of Accounts
or other receivables or (vi)&nbsp;amounts paid under any lease that is not a Finance Lease.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Cash
Collateralize</U>&rdquo; means to deposit in a Controlled Account or to pledge and deposit with or deliver to the Administrative
Agent, for the benefit of one or more of the L/C&nbsp;Issuers or the Lenders, as collateral for L/C Obligations or obligations
of the Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or, if each of the Administrative
Agent and the applicable L/C&nbsp;Issuer shall agree in its sole discretion, other credit support, in each case pursuant to documentation
in form and substance reasonably satisfactory to the Administrative Agent and the applicable L/C&nbsp;Issuer. &ldquo;<U>Cash Collateral</U>&rdquo;,
&ldquo;<U>Cash Collateralized</U>&rdquo; and &ldquo;<U>Cash Collateralization</U>&rdquo; shall have a meaning analogous to the
foregoing and shall include the proceeds of such cash collateral and other credit support.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Cash Dominion
Trigger Event</U>&rdquo; means either of (a) the occurrence of an Event of Default, or (b) Availability being less than the greater
of (i) $22,500,000 and (ii) 15% of the Line Cap for a period of three consecutive Business Days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Cash Dominion
Trigger Period</U>&rdquo; means the period commencing on the occurrence of a Cash Dominion Trigger Event, and continuing until
the date that (a) no Event of Default shall be continuing and (b)&nbsp;Availability is greater than or equal to the greater of
(i) $22,500,000 and (ii) 15% of the Line Cap for a period of at least 30 consecutive calendar days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Cash Equivalents</U>&rdquo;
means each of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>debt obligations maturing within one year from the date of acquisition thereof to the extent the principal thereof and interest
thereon is backed by the full faith and credit of the United States;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>marketable general obligations issued by any state of the United States or any political subdivision thereof or any instrumentality
thereof that are guaranteed by the full faith and credit of such state;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>commercial paper maturing within 12 months from the date of acquisition thereof and having, at such date of acquisition,
one of the two highest ratings obtainable from S&amp;P or Moody&rsquo;s;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>certificates of deposit, banker&rsquo;s acceptances and time deposits maturing within 12 months from the date of acquisition
thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of
any commercial bank organized under the laws of the United States or any state, commonwealth or other political subdivision thereof
that has a combined capital and surplus and undivided profits of not less than $500,000,000 or, to the extent not otherwise included,
any Lender, and which is rated at least A-2 by S&amp;P and P-2 by Moody&rsquo;s in the note or commercial paper rating category;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>repurchase agreements with a term of not more than 30 days for securities described in clauses (a) or (d) of this definition
and entered into with a financial institution satisfying the criteria described in clause (d) of this definition;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Dollars or, in the case of any Foreign Subsidiary, such local currencies held by it from time to time in the ordinary course
of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>money market mutual funds, substantially all of the investments of which constitute Cash Equivalents of the kinds described
by clauses (a) through (f) of this definition; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>with respect to any Foreign Subsidiary, (i) obligations of the national government of the country in which such Foreign
Subsidiary maintains its chief executive office and principal place of business, <U>provided</U> that such country is a member
of the Organization for Economic Cooperation and Development, in each case maturing within 12 months after the date of investment
therein, (ii) certificates of deposit of, bankers acceptances of, or time deposits with, any commercial bank which is organized
and existing under the laws of the country in which such Foreign Subsidiary maintains its chief executive office and principal
place of business, <U>provided</U> such country is a member of the Organization for Economic Cooperation and Development, and
whose short term commercial paper rating from S&amp;P is at least &ldquo;A-2&rdquo; or the equivalent thereof or from Moody&rsquo;s
is at least &ldquo;P-2&rdquo; or the equivalent thereof (any such bank being an &ldquo;<U>Approved Foreign Bank</U>&rdquo;), and
in each case with maturities of not more than 12 months from the date of acquisition and (iii) the equivalent of demand deposit
accounts which are maintained with an Approved Foreign Bank.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Cash Management
Services</U>&rdquo; means, collectively, (a) commercial debit or credit cards, merchant card processing and other services, purchase
or debit cards, including non-card e-payables services, (b) treasury management services (including cash pooling arrangements,
controlled disbursement, netting, overdraft, lockbox and electronic or automatic clearing house fund transfer services, return
items, sweep and interstate depository network services, foreign check clearing services and supply chain finance arrangements),
and (c) any other demand deposit or operating account relationships or other cash management services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Casualty
Event</U>&rdquo; means any event that gives rise to the receipt by any Loan Party or any of its Subsidiaries of any insurance proceeds
or condemnation awards arising from any damage to, destruction of, or other casualty or loss involving, or any seizure, condemnation,
confiscation or taking under power of eminent domain of, or requisition of title or use of or relating to or in respect of any
Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>CEA <FONT STYLE="font-weight: normal">Swap
Obligation</FONT></U>&rdquo; means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract
or transaction that constitutes a &ldquo;swap&rdquo; within the meaning of Section&nbsp;1a(47) of the Commodity Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Change
in Law</U>&rdquo; means the occurrence after the Agreement Date (or, with respect to any Lender, such later date on which such
Lender becomes a party to this Credit Agreement) of any of the following: (a) the adoption or taking effect of any law, rule, regulation
or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application
thereof by any Governmental Authority or (c) compliance by any Lender or L/C Issuer (or, for purposes of <U>Section&nbsp;3.4(b)</U>,
by any Applicable Lending Office of such Credit Party or such Credit Party&rsquo;s holding company, if any) with any request, requirement,
guideline or directive (in each case, whether or not having the force of law) by any Governmental Authority made or issued after
the Agreement Date; <U>provided</U> that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform
and Consumer Protection Act and all requests, rules, requirements, guidelines and directives thereunder or issued in connection
therewith and (ii) all requests, rules, requirements, guidelines and directives promulgated by the Bank for International Settlements,
the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities,
in each case pursuant to Basel III, shall in each case be deemed to be a &ldquo;Change in Law&rdquo;, regardless of the date enacted,
adopted, issued or implemented.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Change
of Control</U>&rdquo; means an event or series of events by which (a) any Person or group (within the meaning of Rule 13d-5 of
the Securities Exchange Act of 1934 as in effect on the Agreement Date) shall own directly or indirectly, beneficially or of record,
shares representing more than 35% of the Equity Interests of Lead Borrower entitled to vote for members of the board of directors
of Lead Borrower on a fully diluted basis, (b) a majority of the seats (other than vacant seats) on the board of directors (or
equivalent governing body) of Lead Borrower shall at any time be occupied by Persons who were neither (i) nominated, approved
or appointed by the board of directors (or equivalent governing body) of Lead Borrower nor (ii) nominated, approved or appointed
by individuals so nominated, approved, or appointed, or (c)&nbsp;Lead Borrower shall fail to own, directly or indirectly, free
and clear of all Liens (other than Liens permitted pursuant to <U>Section 7.2</U>), 100% of the aggregate ordinary voting power
and economic interests represented by the issued and outstanding Equity Interests of each other Loan Party (or such lesser percentage
as may be owned, directly or indirectly, as of the Closing Date or the later acquisition thereof) except where such failure is
as a result of (x) a transaction permitted by the Loan Documents or (y) directors&rsquo; qualifying shares or nominee or other
similar shares required pursuant to applicable law.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>CIT Bank</U>&rdquo;
means CIT Bank, N.A., a national banking association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">&ldquo;<U>CIT Fee Letter</U>&rdquo; means
that certain Fee Letter, dated as of the Closing Date, between Lead Borrower and CIT Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Citizens
Bank</U>&rdquo; means Citizens Bank, N.A., a national banking association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">&ldquo;<U>Citizens Fee Letter</U>&rdquo;
means that certain Fee Letter, dated as of the Closing Date, between Lead Borrower and Citizens Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Class</U>&rdquo;,
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving
Loans or Swingline Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Closing
Date</U>&rdquo; means the date on which the conditions specified in <U>Section&nbsp;4.1</U> are satisfied (or waived in accordance
with <U>Section&nbsp;10.2</U>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Code</U>&rdquo;
means the Internal Revenue Code of 1986, and the rules and regulations issued thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Collateral</U>&rdquo;
means all &ldquo;Collateral&rdquo; as defined in any of the Collateral Documents and all other property of whatever kind and nature
pledged or charged, or purported to be pledged or charged, as collateral under any Collateral Document. For the avoidance of doubt,
in no event shall the Collateral include any Excluded Assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Collateral
Access Agreement</U>&rdquo; means each landlord waiver, bailee waiver or other similar agreement, in form and substance reasonably
satisfactory to the Administrative Agent, among each applicable Loan Party, the Administrative Agent and any third party (including
any bailee, consignee, customs broker, or other similar Person) in possession of any Collateral or any landlord of any Loan Party
for any real property where any Collateral is located.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Collateral
Administration Trigger Event</U>&rdquo; means either of (a) the occurrence of a Specified Event of Default, or (b) Availability
being less than the greater of (i) $30,000,000 and (ii) 20% of the Line Cap for a period of three consecutive Business Days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Collateral
Administration Trigger Period</U>&rdquo; means the period commencing on the occurrence of a Collateral Administration Trigger Event,
and continuing until the date that (a) no Specified Event of Default shall be continuing and (b)&nbsp;Availability is greater than
or equal to the greater of (i) $30,000,000 and (ii) 20% of the Line Cap for a period of at least 30 consecutive calendar days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Collateral
and Guarantee Requirement</U>&rdquo; means, at any time, the requirement that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Administrative Agent shall have received each Collateral Document required to be delivered on the Closing Date pursuant
to <U>Section&nbsp;4.1</U>, or, following the Closing Date, pursuant to pursuant to <U>Section&nbsp;6.16</U> (to the extent not
delivered on the Closing Date) or <U>Section&nbsp;6.12</U>, duly executed by each Loan Party that is a party thereto;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> all Secured Obligations shall have been unconditionally guaranteed jointly and severally on a senior basis by the Guarantors
in accordance with the provisions of the Loan Documents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except to the extent otherwise provided hereunder or under any Collateral Document, the Secured Obligations shall have been
secured by a perfected first priority (subject to (x) Permitted Encumbrances arising under, and having priority by operation of,
applicable law, and (y) Liens permitted pursuant to <U>Section 7.2(d)</U>, <U>(e)</U> or <U>(k)</U>) security interest in substantially
all tangible and intangible personal property assets of each Loan Party constituting Collateral and shall be subject to no Lien
other than Liens permitted pursuant to <U>Section&nbsp;7.2</U>, it being understood that in the case of the pledge of Equity Interests
constituting Collateral, the Administrative Agent shall have received all stock certificates or other instruments (if any) representing
such Equity Interests, together with stock powers or other instruments of transfer with respect thereto endorsed in blank;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Secured Obligations shall have been secured by a first priority (subject to (x) Permitted Encumbrances arising under,
and having priority by operation of, applicable law, and (y) Liens permitted pursuant to <U>Section 7.2(d)</U>, <U>(e)</U> or <U>(k)</U>)
security interest in (i) all Indebtedness of Lead Borrower and its Subsidiaries that is owing to any Loan Party which shall be
evidenced by the Master Intercompany Note and (ii) all other Indebtedness owed to a Loan Party, which if evidenced by a promissory
note or other instrument, shall have been pledged to the Administrative Agent, and in each case under clauses (i) and (ii), the
Administrative Agent shall have received the Master Intercompany Note and, to the extent required by the Security Agreement, such
other promissory notes and other instruments together with note powers or other instruments of transfer with respect thereto endorsed
in blank;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>none of the Collateral shall be subject to any Lien other than Liens expressly permitted by <U>Section&nbsp;7.2</U>; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>on or prior to the Agreement Date (or, as to any Person that becomes a Loan Party after the Agreement Date, the date such
Person becomes a Loan Party in accordance with the provisions of this Credit Agreement) the Administrative Agent shall have received
a Perfection Certificate from Lead Borrower with respect to each Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The foregoing definition shall not require
the creation or perfection of pledges of or security interests in particular assets as provided in the Collateral Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Administrative Agent may grant extensions
of time for the perfection of security interests in and the other requirements pursuant to this definition with respect to particular
assets (including extensions beyond the Closing Date for the perfection of security interests in the assets of the Loan Parties
on such date) where it reasonably determines (and without the consent of any other Secured Party), that, except as may be required
by law, perfection or other requirements cannot be accomplished without undue effort or expense by the time or times at which it
would otherwise be required by this Credit Agreement or the Collateral Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Notwithstanding the foregoing provisions
of this definition or anything in this Credit Agreement or any other Loan Document to the contrary, (a) Liens required to be granted
from time to time pursuant to the Collateral and Guarantee Requirement shall be subject to exceptions and limitations set forth
herein and in the Collateral Documents and, to the extent appropriate in the applicable jurisdiction, as agreed between the Administrative
Agent and Lead Borrower, (b) in no event shall the Collateral include any Excluded Assets, and (c) notwithstanding anything to
the contrary included in this definition, delivery of only the Collateral Documents required to be delivered by <U>Section&nbsp;4.1</U>
shall be a condition precedent to the Credit Extensions on the Closing Date.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Collateral
Documents</U></FONT>&rdquo; means, collectively, the Security Agreement, the Rosenthal Collateral Assignment, the Credit Card Notifications,
each Control Agreement, each Collateral Access Agreement, each Copyright Security Agreement, each Patent Security Agreement, each
Trademark Security Agreement, each Perfection Certificate, the HK Collateral Document, each agreement creating or perfecting rights
in Cash Collateral and each other security agreement, instrument or other document executed or delivered pursuant to the Collateral
and Guarantee Requirement, <U>Section&nbsp;6.12</U>, <U>Section&nbsp;6.16</U> or the Security Agreement, in each case, to secure
any of the Secured Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Collateral
Reporting Trigger Event</U></FONT>&rdquo; means any Disposition or other transaction (whether pursuant to the sale of Equity Interests
in a Subsidiary, an Investment, a Restricted Payment, a merger or consolidation or otherwise, but excluding any transaction that
is expressly excluded from the definition of &ldquo;Disposition&rdquo;) that would result in the elimination of Collateral from
the Borrowing Base constituting 5% or more of the Borrowing Base (on a net basis, after giving effect to all applicable advance
rates, NOLVs and any Reserves applicable to such assets) in effect immediately prior to giving effect to such Disposition or other
transaction. In determining whether a Collateral Reporting Trigger Event has occurred in connection with any Disposition or other
transaction, such Disposition or other transaction shall be taken together with all other Dispositions and other such transactions
that have occurred since the delivery of the most recent Borrowing Base required hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Commitment</U>&rdquo;
means with respect to any Lender, such Lender&rsquo;s Revolving Commitment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Commitment
Fee</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;3.2(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Committed
Loan Notice</U>&rdquo; means a notice of a Borrowing (other than a Swingline Borrowing), a conversion of Loans from one Type to
the other, or a continuation of LIBOR Loans pursuant to <U>Section&nbsp;2.2(a)</U>, which, if in writing, shall be substantially
in the form of <U>Exhibit C-1</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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 to the Administrative Agent,
any Lender or any L/C&nbsp;Issuer by means of electronic communications pursuant to <U>Section&nbsp;10.1</U>, including through
the Platform.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Compliance
Certificate</U>&rdquo; means a certificate, substantially in the form of <U>Exhibit E</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Consolidated
Depreciation and Amortization Expense</U>&rdquo; means, with respect to any Person for any period, the total amount of depreciation
and amortization expense, including the amortization of intangibles, deferred financing fees or costs, capitalized expenditures,
customer acquisition costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original
issue discount and amortization of favorable or unfavorable lease assets or liabilities, of such Person and its Subsidiaries for
such period on a consolidated basis and otherwise determined in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Consolidated
EBITDA</U>&rdquo; means, with respect to any Person for any period of four consecutive fiscal quarters, the Consolidated Net Income
of such Person and its Subsidiaries for such period:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> increased (without duplication) by the following, in each case, to the extent deducted (and not added back) in computing
Consolidated Net Income for such Person for such period:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>provision for federal, state, local and foreign taxes based on income, profits or capital (including franchise taxes based
upon income, gross receipts type taxes imposed in lieu of income taxes, commercial activity taxes imposed in lieu of income taxes
and similar taxes in the nature of income taxes) and foreign withholding taxes; <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Consolidated Interest Expense of such Person and its Subsidiaries; <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Consolidated Depreciation and Amortization Expense of such Person and its Subsidiaries; <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>non-cash losses, costs, expenses, charges and other items deducted in the determination of Consolidated Net Income, it being
understood that any non-cash charges, losses, costs, expenses or other items deducted in the calculation of Consolidated Net Income
and added back in the determination of Consolidated EBITDA under this <U>clause&nbsp;(iv)</U> for a prior period shall be deducted
in the calculation of Consolidated EBITDA during any subsequent period to the extent such items become cash charges during such
subsequent period; <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>infrequently occurring and/or unusual (in each case, within the meaning of GAAP) fees, costs, expenses, charges, losses
or similar items, not to exceed an amount equal to the greater of $10,000,000 and 10% of Consolidated EBITDA during such period
(calculated before giving effect to this <U>clause&nbsp;(v)</U>); <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>out-of-pocket transaction fees, costs and expenses payable to third parties incurred during such period in connection with
(A) the credit facility evidenced by this Credit Agreement and all amendments, waivers and consents with respect thereto from time
to time, and (B) the Rosenthal Factoring Agreement and transactions contemplated thereby;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>decreased (without duplication) by the following, in each case, to the extent taken into account (or added back) in computing
Consolidated Net Income for such Person for such period:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>interest income to the extent received in cash or otherwise during such period; <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any gain realized in connection with the sale or Disposition of assets or securities (including Dispositions pursuant to
Sale and Leaseback transactions) other than in the ordinary course of business or the extinguishment of any Indebtedness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">For purposes of determining Consolidated
EBITDA of Lead Borrower and its Subsidiaries for any period of four consecutive fiscal quarters, without duplication, (a) there
shall be included the Acquired EBITDA of any Acquired Entity or Business on a Pro Forma Basis and (b) there shall be excluded the
Disposed EBITDA of any Sold Entity or Business on a Pro Forma Basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Consolidated
Fixed Charge Coverage Ratio</U>&rdquo; means, for any period of four consecutive fiscal quarters, the ratio of (a) the result
of (i) the Consolidated EBITDA of Lead Borrower and its Subsidiaries for such period, <U>minus</U> (ii) the aggregate amount of
all Capital Expenditures of Lead Borrower and its Subsidiaries made in cash during such period (except to the extent financed
with the proceeds of Indebtedness (other than a Revolving Borrowing)), <U>minus</U> (iii) income and franchise taxes paid in cash
during such period by Lead Borrower and its Subsidiaries determined on a consolidated basis, to (b) the sum of (i) Consolidated
Fixed Charges of Lead Borrower and its Subsidiaries for such period <U>plus</U> (ii) Restricted Payments made in cash during such
period by Lead Borrower and its Subsidiaries to Persons other than Lead Borrower and its direct and indirect Subsidiaries.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Consolidated
Fixed Charges</U>&rdquo; means, for any period of four consecutive fiscal quarters, the sum, without duplication, of each of the
following with respect to Lead Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP: (a) Consolidated
Interest Expense paid in cash for such period, <U>plus</U> (b) the aggregate of all scheduled principal amounts that become payable
during such period in respect of Indebtedness (excluding any scheduled payment at maturity but including the principal portion
of Finance Lease Obligations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Consolidated
Interest Expense</U>&rdquo; means, with respect to any Person and its Subsidiaries for any period, the consolidated total interest
expense of such Person and its Subsidiaries for such period, as determined in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Consolidated
Net Income</U>&rdquo; means, for any period, the net income (or net loss) of Lead Borrower and its Subsidiaries for such period,
determined in accordance with GAAP on a consolidated basis (excluding, to the extent included in determining such net income (or
net loss) for such period, the income of any Subsidiary to the extent that the declaration or payment of dividends or similar distributions
by such Subsidiary of that income is prohibited by operation of the terms of its charter or any agreement, instrument, judgment,
decree, statute, rule or governmental regulation applicable to such Subsidiary).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Contested
in Good Faith</U>&rdquo; means, with respect to any matter, that such matter is being contested in good faith by appropriate action
and for which reserves have been provided in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Contractual
Obligation</U>&rdquo; means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument
or other undertaking to which such Person is a party or by which it or any of its property is bound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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 analogous thereto. Without limiting the generality of the foregoing, a Person shall be deemed to be Controlled by
another Person if such other Person possesses, directly or indirectly, power to vote 20% or more of the securities having ordinary
voting power for the election of directors, managing general partners or any equivalent thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Control
Agreement</U>&rdquo; has the meaning assigned to such term in the Security Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Controlled
Account</U>&rdquo; means, as the context may require, a commodities account, deposit account and/or securities account that is
subject to a Control Agreement in form and substance satisfactory to the Administrative Agent and, with respect to Cash Collateral,
the applicable L/C&nbsp;Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Controlled
Foreign Corporation</U>&rdquo; means a controlled foreign corporation within the meaning of Section&nbsp;957(a) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Copyright
Security Agreement</U>&rdquo; has the meaning set forth in the Security Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Credit
Agreement</U>&rdquo; means this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Credit
Card Issuer</U>&rdquo; shall mean Visa, MasterCard, American Express, Discover and any other credit and debit card issuers approved
by the Administrative Agent in its Permitted Discretion.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Credit
Card Notification</U>&rdquo; has the meaning provided in <U>Section 6.14(e)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Credit
Card Processor</U>&rdquo; shall mean any servicing or processing agent or any financial intermediary that facilitates, services,
processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Loan Party&rsquo;s
sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit
Card Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Credit
Card Receivables</U>&rdquo; means each Account or &ldquo;payment intangible&rdquo; (as defined in the UCC) together with all income,
payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by
a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a
Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Credit
Extension</U>&rdquo; means the making of a Loan or a L/C Credit Extension.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Credit
Facility</U>&rdquo; means the Revolving Facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Credit
Parties</U>&rdquo; means the Administrative Agent, the Swingline Lender, the L/C&nbsp;Issuers and the Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Customs
Broker/Carrier Agreement</U>&rdquo; means an agreement in form and substance reasonably satisfactory to the Administrative Agent
among the applicable Loan Party, a customs broker, freight forwarder, consolidator or carrier, and the Administrative Agent, in
which the customs broker, freight forwarder, consolidator or carrier acknowledges that it has control over and holds the documents
evidencing ownership of the subject In-Transit Inventory for the benefit of the Administrative Agent and agrees, upon notice from
the Administrative Agent, to hold and dispose of the subject Inventory solely as directed by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Daily
LIBOR Rate</U>&rdquo; means, for any day, a rate per annum equal to the Adjusted LIBOR Rate in effect on such day for deposits
in Dollars for a one&#45;month Interest Period (subject to any interest rate floor set forth in the definition of &ldquo;Adjusted
LIBOR Rate&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Debtor
Relief Laws</U>&rdquo; means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit
of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United
States or other applicable jurisdictions from time to time in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Deemed
Borrowing Base</U>&rdquo; means, as at any date of determination thereof before the occurrence of the Permanent Borrowing Base
Trigger, an amount equal to the sum of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70%
of the net amount of Eligible Credit Card Receivables and Eligible Accounts at such date (the &ldquo;<U>Deemed Borrowing Base Accounts
Component</U>&rdquo;), subject to <U>Section 6.6(c)</U>; <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50%
of the value of Eligible Inventory at such date (the &ldquo;<U>Deemed Borrowing Base Inventory Component</U>&rdquo;), subject to
<U>Section 6.6(d)</U>; <U>minus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reserves
implemented in accordance with <U>Section 2.1(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">For purposes hereof,
(1) the net amount of Eligible Credit Card Receivables and Eligible Accounts at any time shall be the face amount of such Eligible
Credit Card Receivables or Eligible Accounts less (to the extent not reflected in such face amount) (x) any and all returns, rebates,
discounts, asserted claims, credits or credits pending, allowances, price adjustments, finance charges or excise taxes of any
nature at any time issued, owing, claimed by the related Account Debtors, granted, outstanding or payable in connection with such
Eligible Credit Card Receivables or Eligible Accounts at such time and (y) the aggregate amount of all cash received in respect
of such Eligible Credit Card Receivables and Eligible Accounts but not yet applied by the Loan Parties to reduce the amount of
such Eligible Credit Card Receivables and Eligible Accounts, and (2) the value of Eligible Inventory shall be determined on a
first-in, first-out, lower of cost or market basis in accordance with GAAP.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Deemed
Borrowing Base Accounts Component</U>&rdquo; has the meaning assigned to such term in the definition of &ldquo;Deemed Borrowing
Base.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Deemed
Borrowing Base Inventory Component</U>&rdquo; has the meaning assigned to such term in the definition of &ldquo;Deemed Borrowing
Base.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Default</U>&rdquo;
means any event or condition which constitutes an Event of Default or that with 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Default
Rate</U>&rdquo; means (a)&nbsp;when used with respect to the outstanding principal balance of any Loan, the sum of (i) the rate
of interest otherwise applicable thereto <U>plus</U> (ii) 2.00% per annum, and (b) when used with respect to any L/C Borrowing
or any interest, fee or other amount payable under the Loan Documents which shall not have been paid when due, the sum of (i)&nbsp;the
Alternate Base Rate <U>plus</U> (ii)&nbsp;the Applicable Margin applicable to ABR Revolving Borrowings <U>plus</U> (iii)&nbsp;2.00%
per annum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Defaulting
Lender</U>&rdquo; means, subject to <U>Section&nbsp;2.9(b)</U>, any Lender that (a) has failed to (i) fund all or any portion
of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies
the Administrative Agent and Lead Borrower in writing that such failure is the result of such Lender&rsquo;s determination that
one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be
specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any L/C&nbsp;Issuer,
the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation
in Letters of Credit or Swingline Loans) within two Business Days of the date when due, (b) has notified Lead Borrower, the Administrative
Agent, any L/C&nbsp;Issuer or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder,
or has made a public statement to that effect (unless such writing or public statement relates to such Lender&rsquo;s obligation
to fund a Loan hereunder and states that such position is based on such Lender&rsquo;s determination that a condition precedent
to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing
or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative
Agent or Lead Borrower, to confirm in writing to the Administrative Agent and Lead Borrower that it will comply with its prospective
funding obligations hereunder, <U>provided</U> that such Lender shall cease to be a Defaulting Lender pursuant to this clause
(c) upon receipt of such written confirmation by the Administrative Agent and Lead Borrower, or (d) has, or has a direct or indirect
holding company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver,
custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory
authority acting in such a capacity or (iii) become the subject of a Bail-In Action; <U>provided</U> that a Lender shall not be
a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect
holding company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender
with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment
on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts
or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under
any one or more of clauses (a) through (d) above shall be conclusive and binding absent demonstrable error, and such Lender shall
be deemed to be a Defaulting Lender (subject to <U>Section&nbsp;2.9(b)</U>) upon delivery of written notice of such determination
to Lead Borrower, the L/C&nbsp;Issuers, the Swingline Lender and each Lender.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Disclosure
Exceptions</U>&rdquo; has the meaning set forth in <U>Section 6.1(f)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Disposed
EBITDA</U>&rdquo; means, with respect to any Sold Entity or Business for any period, the historical Consolidated EBITDA of such
Sold Entity or Business for such period as certified by a Financial Officer of Lead Borrower, which historical Consolidated EBITDA
shall be calculated in a manner consistent with the definition of Consolidated EBITDA herein and to be based on financial statements
for such Sold Entity or Business prepared in accordance with GAAP (subject to the absence of footnote disclosures and year-end
audit adjustments with respect to financial statements that are not annual audited financial statements), <U>provided</U> that
when such Disposed EBITDA is excluded from Consolidated EBITDA it shall be on a Pro Forma Basis).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Disposition</U>&rdquo;
means, with respect to any Person, the sale, transfer, license, lease or other disposition (including by way of Division, Sale
and Leaseback or any sale or issuance of Equity Interests by way of a merger or otherwise) by such Person to any other Person,
with or without recourse, of (a) any notes or accounts receivable or any rights and claims associated therewith, (b) any Equity
Interests of any Subsidiary (other than directors&rsquo; qualifying shares), or (c) any other assets, <U>provided</U>, <U>however</U>,
that none of the following shall constitute a Disposition: (i) any sale, transfer, license, lease or other disposition by (A) a
Loan Party to another Loan Party or (B) a Non-Loan Party Subsidiary to a Loan Party or to another Non-Loan Party Subsidiary, (ii)
the collection of accounts receivable and other obligations in the ordinary course of business (including the sale to Rosenthal
of Rosenthal Purchased Receivables pursuant to the Rosenthal Factoring Agreement), (iii) sales of Inventory in the ordinary course
of business, and (iv) any Casualty Event. Each of the terms &ldquo;<U>Dispose</U>&rdquo; and &ldquo;<U>Disposed</U>&rdquo; when
used as a verb shall have an analogous meaning.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Disqualified
Equity Interest</U>&rdquo; means, with respect to any Person, any Equity Interest of such Person which, by its terms, or by the
terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable, or upon the happening
of any event or condition, (a) matures or is mandatorily redeemable (other than solely for Qualified Equity Interests and cash
in lieu of fractional shares of such Equity Interests) pursuant to a sinking fund obligation or otherwise (except as a result of
a change in control or asset sale so long as any rights of the holders thereof upon the occurrence of a change in control or asset
sale event shall be subject to the prior occurrence of the Termination Date), (b) is redeemable at the option of the holder thereof
(other than solely for Qualified Equity Interests), in whole or in part, (c) provides for the scheduled payments of dividends in
cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute
Disqualified Equity Interests, in each case, prior to the date that is 91 days after the Latest Maturity Date at the time such
Equity Interests are issued. Notwithstanding the foregoing, (i) any Equity Interests issued to any employee or to any plan for
the benefit of employees of Lead Borrower or its Subsidiaries or by any such plan to such employees shall not constitute Disqualified
Equity Interests solely because they may be required to be repurchased by Lead Borrower in order to satisfy applicable statutory
or regulatory obligations or as a result of such employee&rsquo;s termination, death or disability and (ii) any class of Equity
Interests of such person that by its terms authorizes such person to satisfy its obligations thereunder by delivery of Equity Interests
that are not Disqualified Equity Interests shall not be deemed to be Disqualified Equity Interests.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Disqualified
Institution</U>&rdquo; means, on any date, (a) any Person designated by Lead Borrower as a &ldquo;Disqualified Institution&rdquo;
by written notice delivered to the Administrative Agent on or prior to the Agreement Date, (b) any other Person that is a competitor
of Lead Borrower or any of its Subsidiaries, which Person has been designated by Lead Borrower as a &ldquo;Disqualified Institution&rdquo;
by written notice to the Administrative Agent and the Lenders (including by posting such notice to the Platform) not less than
three Business Days prior to such date, and (c) in the case of each of the foregoing clauses (a) and (b), any of their respective
Affiliates (which, for the avoidance of doubt, shall not include any bona&nbsp;fide debt investment funds that are Affiliates of
the persons referenced in clause&nbsp;(b), unless separately identified by Lead Borrower pursuant to clause&nbsp;(a)) that are
either (i)&nbsp;identified by Lead Borrower by written notice to the Administrative Agent and the Lenders (including by posting
such notice to the Platform) not less than three Business Days prior to such date or (ii)&nbsp;readily identifiable on the basis
of such Affiliate&rsquo;s name; <U>provided</U> that &ldquo;Disqualified Institutions&rdquo; shall exclude any Person that Lead
Borrower has designated as no longer being a &ldquo;Disqualified Institution&rdquo; by written notice delivered to the Administrative
Agent from time to time. Notwithstanding anything in this Credit Agreement to the contrary, it is understood and agreed that in
no event shall a supplement to the list of Disqualified Institutions pursuant to the definition hereof apply retroactively to disqualify
any Person or Persons that have previously acquired (or entered into a binding agreement to acquire) an assignment or participation
under or in respect of any Credit Facility (solely with respect to those previously acquired interests or the interests that are
to be acquired pursuant to such binding agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Division</U>&rdquo;
means the division of the assets, liabilities and/or obligations of a Person (the &ldquo;<U>Dividing Person</U>&rdquo;) among two
or more Persons, whether pursuant to a &ldquo;plan of division&rdquo; or similar arrangement pursuant to Section 18-217 of the
Delaware Limited Liability Company Act or any similar provision under the laws of any other applicable jurisdiction and pursuant
to which the Dividing Person may or may not survive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Document</U>&rdquo;
means &ldquo;document&rdquo; as defined in Article&nbsp;9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Document
of Title</U>&rdquo; means &ldquo;document of title&rdquo; as defined in Article&nbsp;9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Dollars</U>&rdquo;
or &ldquo;<U>$</U>&rdquo; refers to lawful money of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Domestic
Subsidiary</U>&rdquo; means a Subsidiary incorporated or organized under the laws of the United States, or any state, commonwealth
or other political subdivision thereof (including, for the avoidance of doubt, the District of Columbia).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>DQ List</U>&rdquo;
has the meaning set forth in <U>Section 10.4(f)(iv)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Early
Opt-in Election</U>&rdquo; means the occurrence of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(1)(a) a determination
by the Administrative Agent or (b) a notification by the Required Lenders to the Administrative Agent (with a copy to Lead Borrower)
that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time,
or that include language similar to that contained in <U>Section 3.3(b)</U>, are being executed or amended, as applicable, to incorporate
or adopt a new benchmark interest rate to replace the LIBOR Rate, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(2)(a) the election
by the Administrative Agent or (b) the election by the Required Lenders to declare that an Early Opt-in Election has occurred and
the provision, as applicable, by the Administrative Agent of written notice of such election to Lead Borrower and the Lenders or
by the Required Lenders of written notice of such election to the Administrative Agent.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Earn-Out
Obligations</U>&rdquo; means, with respect to any Person, obligations of such Person that are recognized under GAAP as a liability
of such Person, payable in cash or which may be payable in cash at the seller&rsquo;s or obligee&rsquo;s option arising from the
acquisition of a business or a line of business (whether pursuant to an acquisition of Equity Interests or assets, the consummation
of a merger or consolidation or otherwise) and payable to the seller or sellers thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>EEA Financial
Institution</U>&rdquo; means (a) any credit institution or investment firm established in any EEA Member Country that is subject
to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country that is a parent of an institution
described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country that is a subsidiary
of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>EEA Member
Country</U>&rdquo; means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Eligible
Account</U>&rdquo;&nbsp;means an Account (other than a Credit Card Receivable) arising in the ordinary course of the business of
any Loan Party from the sale of goods or rendition of services, except any Account to which any of the exclusionary criteria set
forth below applies as determined by Lead Borrower and/or the Administrative Agent in its Permitted Discretion (with concurrent
written notice to Lead Borrower) at any time and from time to time after the Closing Date; <U>provided</U>, <U>however</U>, that
no Accounts of an Acquired Entity or Business shall be Eligible Accounts until such time as the Administrative Agent shall have
received and be satisfied in its Permitted Discretion with the results of a field examination with respect thereto, such field
exam to be conducted at the Borrowers&rsquo; expense. Without limiting the generality of the foregoing, no Account shall be an
Eligible Account if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is not at the time of determination subject to the Administrative Agent&rsquo;s duly perfected First Priority security
interest; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such Loan Party does not have good and valid title thereto, free and clear of any Lien (other than Permitted Encumbrances);
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any representation or warranty contained in this Credit Agreement or any other Loan Document with respect to such Account
proves to be untrue in any material respect as of the date of making or deemed making thereof or any covenant hereunder or under
any other Loan Document with respect to such Account has been breached (after giving effect to any notice or cure period); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it arises out of (i) a sale made or services rendered by a Loan Party to another Loan Party or to any Subsidiary or other
Affiliate of a Loan Party or to a Person controlled by an Affiliate of a Loan Party or (ii) services rendered (other than, in the
case of this clause (ii), Accounts constituting commissions payable to a Loan Party for serving as a buying agent for footwear
products under private labels for retailers, in the ordinary course of business and consistent with past practices for the Loan
Parties&rsquo; &ldquo;First Cost&rdquo; segment); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it remains unpaid more than (i) 60 days (or 90 days if such Account is owing from Walmart Inc., Target Corporation, Amazon.com,
Inc., The TJX Companies, Inc. and/or any Affiliate of any of the foregoing) after the original due date shown on the applicable
invoice or (ii) 90 days (or 120 days if such Account is owing from Walmart Inc., Amazon.com, Inc., The TJX Companies, Inc. and/or
any Affiliate of any of the foregoing (or 130 days if such Account is owing from Target Corporation and/or any Affiliate thereof))
after the original invoice date shown on the applicable invoice; or</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>50% or more of the net amount of all Accounts owing from the applicable Account Debtor are ineligible under the criteria
set forth in clause (e) above; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Accounts owing from the applicable Account Debtor are Rosenthal Purchased Receivables; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if Rosenthal is the Loan Parties&rsquo; collection agent with respect to such Account, Rosenthal is in breach of (i) the
Rosenthal Collateral Assignment in any material respect, (ii) any of its obligations under the Rosenthal Factoring Agreement to
remit proceeds of collections of any Accounts to the Rosenthal Collection Account or (iii) the Rosenthal Factoring Agreement with
respect to what amounts Rosenthal is permitted to debit from the Rosenthal Collection Account (it being acknowledged that Rosenthal
may debit from the Rosenthal Collection Account any commissions owed to Rosenthal from time to time under the Rosenthal Factoring
Agreement as and when the related Rosenthal Referred Accounts are paid); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the total unpaid Accounts owing from the applicable Account Debtor exceed 15% (or 30% in the case of Walmart Inc., Target
Corporation, The TJX Companies, Inc. and/or any Affiliate of any of the foregoing) of the net amount of all Eligible Accounts,
but only to the extent of such excess; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the applicable Account Debtor has disputed liability with respect to such Account, or the applicable Account Debtor has
made any claim with respect to any other Account owing from such Account Debtor to a Loan Party or any Subsidiary or other Affiliate
of a Loan Party, or such Account otherwise is or may become subject to any right of setoff by the applicable Account Debtor; <U>provided</U>
that any such Account shall be eligible to the extent such amount thereof exceeds such dispute, claim, setoff or similar right;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the applicable Account Debtor has commenced a voluntary case under the federal bankruptcy laws which is pending, as now
constituted or hereafter amended, or made an assignment for the benefit of creditors generally, or a decree or order for relief
has been entered by a court having jurisdiction in the premises in respect of such Account Debtor in an involuntary case under
the federal bankruptcy laws which is pending, as now constituted or hereafter amended, or any other petition or other application
for relief under the federal bankruptcy laws, as now constituted or hereafter amended, has been filed against such Account Debtor,
or such Account Debtor has failed, permanently suspended business, ceased to be Solvent, or consented to or suffered a receiver,
trustee, liquidator or custodian to be appointed for it or for all or a significant portion of its assets or affairs which is pending;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it arises from a sale made or services rendered to an Account Debtor that is organized or has its principal offices located
outside the United States (excluding territories or possessions of the United States), unless such Account is payable to the Hong
Kong Guarantor and the Account Debtor&rsquo;s ultimate parent is organized and has its principal offices located in the United
States (excluding territories or possessions of the United States), but only to the extent the applicable Loan Party has recourse
to such parent for payment of such Account; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) it arises from a sale to the applicable Account Debtor on a bill-and-hold, guaranteed sale, sale-or-return, sale-on-approval,
consignment, or any other repurchase or return basis; or (ii)&nbsp;it is subject to a reserve established by a Loan Party for
potential returns or refunds, to the extent of such reserve or (iii) it arises from a sale to an Account Debtor that is subject
to cash-on-delivery terms; or</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the applicable Account Debtor is the United States or any department, agency or instrumentality thereof, unless the applicable
Loan Party has complied, to the satisfaction of the Administrative Agent, in its Permitted Discretion, with the Assignment of Claims
Act of 1940 (31 U.S.C. &sect; 3727 <U>et seq</U>.), as amended; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the goods giving rise to such Account have not been delivered to the applicable Account Debtor or the services giving rise
to such Account have not been performed by the applicable Loan Party or the Account otherwise does not represent a final sale;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Loan Parties have not sent or otherwise made available a bill or invoice for the goods or services giving rise to such
Account to the applicable Account Debtor; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is evidenced by chattel paper or an instrument of any kind, or has been reduced to judgment; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(r)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Loan Party or a Subsidiary of any Loan Party has made any agreement with the applicable Account Debtor for any extension,
compromise, settlement or modification of such Account or deduction therefrom, except for discounts or allowances which are made
in the ordinary course of business for prompt payment, volume discounts or the like, and which discounts or allowances are reflected
in the calculation of the face value of each invoice related to such Account; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(s)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it represents service charges, late fees or similar charges; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(t)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is not payable in Dollars; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(u)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Administrative Agent has notified Lead Borrower as contemplated earlier in this definition that it is not otherwise
acceptable to the Administrative Agent in its Permitted Discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Eligible
Assignee</U>&rdquo; means any Person that meets the requirements to be an assignee under <U>Section&nbsp;10.4(b)(iii)</U>, <U>(v)</U>
and <U>(vi)</U> (subject to such consents, if any, as may be required under <U>Section&nbsp;10.4(b)(iii)</U>). For the avoidance
of doubt, any Disqualified Institution is subject to <U>Section&nbsp;10.4(f)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Eligible
Credit Card Receivable</U>&rdquo;&nbsp;means a Credit Card Receivable of any Loan Party that has been earned by performance and
represents the bona fide amounts due to such Loan Party from a Credit Card Issuer or Credit Card Processor, and in each case is
originated in the ordinary course of business of such Loan Party, except any Credit Card Receivable to which any of the exclusionary
criteria set forth below applies as determined by Lead Borrower and/or the Administrative Agent in its Permitted Discretion (with
concurrent written notice to Lead Borrower) at any time and from time to time after the Closing Date; <U>provided</U>, <U>however</U>,
that no Credit Card Receivables of an Acquired Entity or Business shall be Eligible Credit Card Receivables until such time as
the Administrative Agent shall have received and be satisfied in its Permitted Discretion with the results of a field examination
with respect thereto, such field exam to be conducted at the Borrowers&rsquo; expense. Without limiting the generality of the foregoing,
no Credit Card Receivable shall be an Eligible Credit Card Receivable if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is not at the time of determination subject to the Administrative Agent&rsquo;s duly perfected First Priority security
interest; or</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> such Loan Party does not have good and valid title thereto, free and clear of any Lien (other than Permitted Encumbrances);
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any representation or warranty contained in this Credit Agreement or any other Loan Document with respect to such Credit
Card Receivable proves to be untrue in any material respect as of the date of making or deemed making thereof or any covenant hereunder
or under any other Loan Document with respect to such Credit Card Receivable has been breached (after giving effect to any notice
or cure period); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it indicates any Person other than a Loan Party as payee or remittance party; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it does not constitute an Account or &ldquo;payment intangible&rdquo; (as defined in the UCC); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it has been outstanding for more than five Business Days after the date of sale giving rise to such Credit Card Receivable;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is disputed, or a claim, counterclaim, offset or chargeback has been asserted with respect thereto, by the related Credit
Card Issuer or Credit Card Processor (but only to the extent of such dispute, claim, counterclaim, offset or chargeback); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a default has occurred and is continuing under any agreement with the applicable Credit Card Issuer or Credit Card Processor
which gives such Credit Card Issuer or Credit Card Processor the right to cease or suspend payments to such Loan Party; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the applicable Credit Card Issuer or Credit Card Processor has the right under certain circumstances to require a Loan Party
to repurchase the entire portfolio of Credit Card Receivables from such Credit Card Issuer or Credit Card Processor; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the applicable Credit Card Issuer or Credit Card Processor has commenced a voluntary case under the federal bankruptcy laws
which is pending, as now constituted or hereafter amended, or made an assignment for the benefit of creditors generally, or a decree
or order for relief has been entered by a court having jurisdiction in the premises in respect of such Credit Card Issuer or Credit
Card Processor in an involuntary case under the federal bankruptcy laws which is pending, as now constituted or hereafter amended,
or any other petition or other application for relief under the federal bankruptcy laws, as now constituted or hereafter amended,
has been filed against such Credit Card Issuer or Credit Card Processor, or such Credit Card Issuer or Credit Card Processor has
failed, permanently suspended business, ceased to be Solvent, or consented to or suffered a receiver, trustee, liquidator or custodian
to be appointed for it or for all or a significant portion of its assets or affairs which is pending; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it arises from any private label credit card program or other similar credit arrangement of a Loan Party, except as otherwise
approved by the Administrative Agent in its Permitted Discretion; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is due from a Credit Card Issuer or Credit Card Processor that is organized or has its principal offices located outside
the United States (excluding territories or possessions of the United States); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is not payable in Dollars; or</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> a Credit Card Notification has not been delivered to the applicable Credit Card Issuer or Credit Card Processor; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Administrative Agent has notified Lead Borrower as contemplated earlier in this definition that it is not otherwise
acceptable to the Administrative Agent in its Permitted Discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Eligible
In-Transit Inventory</U>&rdquo;&nbsp;means, without duplication of other Eligible Inventory, In-Transit Inventory:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>which has been purchased by the applicable Loan Party from an Approved Foreign Vendor which is not an Affiliate of Lead
Borrower or any of its Subsidiaries, has been shipped on a common carrier for receipt by the applicable Loan Party, and has been
in transit for 60 days or less from the date of shipment thereof (or such longer period of time as the Administrative Agent shall
determine in its Permitted Discretion), but which In-Transit Inventory has not yet been received by the applicable Loan Party;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>for which the purchase order is in the name of the applicable Loan Party, and title and risk of loss has passed to such
Loan Party; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>for which an Acceptable Document of Title has been issued, and in each case as to which the Administrative Agent has control
(as defined in the UCC) over the documents of title which evidence ownership of the subject In-Transit Inventory (such as, if requested
by the Administrative Agent, by the delivery of a reasonably acceptable Customs Broker/Carrier Agreement); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>is covered by insurance (including marine cargo insurance) reasonably acceptable to the Administrative Agent; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>for which payment of the purchase price has been made by the applicable Loan Party, the purchase price is supported by a
commercial letter of credit from an issuer reasonably acceptable to the Administrative Agent, or the purchase price is on terms
consistent with past practices of the applicable Loan Party and not overdue; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>which otherwise is not excluded from the definition of Eligible Inventory other than as a result of clauses (j), (k) and
(l) of the definition thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Eligible
Inventory</U>&rdquo;&nbsp;means Inventory of any Loan Party which the Administrative Agent, except any Inventory to which any of
the exclusionary criteria set forth below applies as determined by Lead Borrower and/or the Administrative Agent in its Permitted
Discretion (with concurrent written notice to Lead Borrower) at any time and from time to time after the Closing Date; <U>provided</U>,
<U>however</U>, that no Inventory of an Acquired Entity or Business shall be Eligible Inventory until such time as the Administrative
Agent shall have received and be satisfied in its Permitted Discretion with the results of a field examination and Inventory appraisal
with respect thereto, such field examination and appraisal to be conducted at the Borrowers&rsquo; expense. Without limiting the
generality of the foregoing, no Inventory shall be Eligible Inventory if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is not at the time of determination subject to the Administrative Agent&rsquo;s duly perfected First Priority security
interest; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>without limiting clause (a) of this definition, it constitutes Rosenthal Factoring Collateral; or</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> such Loan Party does not have good and valid title thereto, free and clear of any Lien (other than Permitted Encumbrances);
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any representation or warranty contained in this Credit Agreement or any other Loan Document with respect to such Inventory
proves to be untrue in any material respect as of the date of making or deemed making thereof or any covenant hereunder or under
any other Loan Document with respect to such Inventory has been breached (after giving effect to any notice or cure period); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it does not meet the specifications of the purchase order or contract for such Inventory, if any; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is raw materials or work in process, or consists of packaging materials, supplies, tooling, samples or literature; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is not in good, new and saleable condition; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is slow-moving, obsolete or unmerchantable; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it does not meet in all material respects all standards imposed by any Governmental Authority having regulatory authority
over such Inventory; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is situated at a location outside the United States (excluding territories or possessions of the United States); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is not situated at a location in compliance with this Credit Agreement, <U>provided</U> that Inventory situated at a
Material Inventory Location or a location in a Landlord Lien State, in either case not owned by such Loan Party or a Subsidiary
thereof, will be Eligible Inventory only if the Administrative Agent has received a Collateral Access Agreement with respect to
such location or if the Administrative Agent has established an applicable Reserve in its Permitted Discretion; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is in transit (other than Inventory that is in transit within the United States between locations of the Loan Parties
and/or Inventory temporarily in transit and/or stored in the United States in the ordinary course of business, including at a hub
or terminal utilized by a common carrier, trucking service or other transportation provider); or<B>&#9;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>it is subject to any licensing, royalty or other Intellectual Property agreement with any third party (i) which would require
any consent of any third party for the Disposition of such Inventory (which consent has not been obtained) or the payment of any
monies to any third party upon such Disposition (to the extent of such monies), (ii) from whom any Loan Party has received written
notice of a dispute in respect of such agreement, to the extent that the Administrative Agent determines, in its Permitted Discretion,
that such dispute could reasonably be expected to prevent or impair the Disposition of such Inventory or (iii) if the Administrative
Agent otherwise determines, in its Permitted Discretion, that such Inventory cannot be freely Disposed of by the Administrative
Agent during the continuance of an Event of a Default; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Administrative Agent has notified Lead Borrower as contemplated earlier in this definition that it is not otherwise
acceptable to the Administrative Agent in its Permitted Discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Environmental
Claims</U>&rdquo; means any and all administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens,
notices of liability, non-compliance or violation, investigations, proceedings, settlements, consent decrees, consent orders,
consent agreements and all costs and liabilities relating to or arising from or under any Environmental Law, including (a) any
and all claims by Governmental Authorities for enforcement, investigation, corrective action, cleanup, removal, response, remedial
or other actions, cost recovery, damages, natural resource damages or penalties pursuant to or arising under any Environmental
Law, (b) any and all claims by any one or more Persons seeking damages, contribution, restitution, indemnification, cost recovery,
compensation or injunctive relief directly or indirectly resulting from, based upon or arising under Environmental Law, pertaining
to Hazardous Materials or an alleged injury or threat of injury to human health or safety relating to Environmental Laws, natural
resources, or the indoor or outdoor environment, and (c) all liabilities contingent or otherwise, expenses, obligations, losses,
damages, fines and penalties arising under any Environmental Law.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Environmental
Law</U>&rdquo; means, collectively and individually any and all federal, state, local, or foreign statute, rule, regulation, code,
guidance, ordinance, order, judgment, directive, decree, injunction or common law as now or previously in effect and regulating,
relating to or imposing liability or standards of conduct concerning: the environment; protection of the environment and natural
resources; air emissions; water discharges; noise emissions; the Release, threatened Release or discharge into the environment
and physical hazards of any Hazardous Material; the generation, handling, management, treatment, storage, transport or disposal
of any Hazardous Material or otherwise concerning pollution or the protection of the outdoor or indoor environment, preservation
or restoration of natural resources, employee or human health or safety relating to environmental matters, and potential or actual
exposure to or injury from Hazardous Materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Environmental
Liability</U>&rdquo; means, in respect of any Person, any statutory, common law or equitable liability, contingent or otherwise
of such Person directly or indirectly resulting from, arising out of or based upon (a) the violation of any Environmental Law or
Environmental Permit, or (b) an Environmental Claim.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Environmental
Permit</U>&rdquo; means any permit, approval, authorization, certificate, license, variance, filing or permission required by or
from any Governmental Authority pursuant to any Environmental Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Equity
Interests</U>&rdquo; means, with respect to any Person, (a) shares of capital stock of (or other ownership or profit interests
in) such Person, (b) warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock
of (or other ownership or profit interests in) such Person, (c) securities (other than Indebtedness) convertible into or exchangeable
for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase
or acquisition from such Person of such shares (or such other interests), and (d) all other ownership or profit interests in such
Person (including partnership, member or trust interests therein), whether voting or non-voting, and whether or not such shares,
warrants, options, rights or other interests are outstanding on any date of determination and (e) any Security Entitlement (as
defined in the Security Agreement) in respect of any Equity Interest described in this definition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>ERISA</U>&rdquo;
means the Employee Retirement Income Security Act of 1974, and the rules and regulations issued thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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;414(b) or 414(c) of the Code or, solely for purposes of Sections&nbsp;302 and 303 of ERISA
and Sections&nbsp;412 and 430 of the Code, is treated as a single employer under subsection (b), (c), (m) or (o) of Section&nbsp;414
of the Code.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>ERISA
Event</U>&rdquo; means (a) any &ldquo;reportable event&rdquo;, as defined in Section&nbsp;4043(c) of ERISA with respect to a Pension
Plan (other than an event for which the 30-day notice period referred to in Section&nbsp;4043 of ERISA is waived); (b) the existence
with respect to any Pension Plan of a non-exempt &ldquo;prohibited transaction,&rdquo; as defined in Section&nbsp;406 of ERISA
or Section&nbsp;4975(c)(1) of the Code; (c) any failure of any Pension Plan to satisfy the &ldquo;minimum funding standard&rdquo;
applicable to such Pension Plan under Section&nbsp;412 or Section&nbsp;430 of the Code or Section&nbsp;302 or Section&nbsp;303
of ERISA, whether or not waived; (d) the filing pursuant to Section&nbsp;412(c) of the Code or Section&nbsp;302(c) of ERISA of
an application for a waiver of the minimum funding standard with respect to any Pension Plan, the failure to make by its due date
a required installment under Section&nbsp;430(j)(3) of the Code with respect to any Pension Plan or the failure of any Loan Party
or ERISA Affiliate to make any required contribution to any Multiemployer Plan; (e) a determination that any Pension Plan is, or
is expected to be, in &ldquo;at-risk&rdquo; status (as defined in Section&nbsp;430(i)(4) of the Code or Section&nbsp;303(i)(4)
of ERISA; (f) 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 Pension Plan including the imposition of any Lien in favor of the PBGC or any Pension Plan(other than for
PBGC premiums due but not delinquent under Section&nbsp;4007 of ERISA); (g) the filing of a notice of intent to terminate, the
treatment of a Pension Plan amendment as a termination under Section&nbsp;4041 or Section&nbsp;4041A or ERISA, the receipt by any
Loan Party or any ERISA Affiliate from the PBGC or a Pension Plan administrator of any notice relating to an intention to terminate
any Pension Plan or Pension Plans or to appoint a trustee to administer any Pension Plan under Section&nbsp;4042 of ERISA or the
occurrence of an event or condition which constitutes grounds under Section&nbsp;4042 of ERISA or the termination of, or the appointment
of a trustee to administrator, any Pension Plan; (h) any limitations under Section&nbsp;436 of the Code become applicable; (i)
the incurrence by any Loan Party or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal
from any Pension Plan or Multiemployer Plan; (j) a withdrawal by any Loan Party or any ERISA Affiliate from a Pension Plan subject
to Section&nbsp;4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section&nbsp;4001(a)(2)
of ERISA) or a cessation of operations that is treated as such a withdrawal under Section&nbsp;4062(e) of ERISA; (k) 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 of Withdrawal Liability or a determination that a Multiemployer Plan is, or
is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA or in endangered or critical status
within the meaning of Section&nbsp;432 of the Code or Section&nbsp;305 or Title IV of ERISA; or (l) the imposition on any Loan
Party or any ERISA Affiliate of any tax under Chapter 43 of Subtitle D of the Code, or the assessment of a civil penalty on any
Loan Party or any ERISA Affiliate under Section&nbsp;502(c) of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Event
of Default</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;8.1</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Excluded
Account</U>&rdquo; has the meaning set forth in the Security Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Excluded
Assets</U>&rdquo; has the meaning set forth in the Security Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Excluded
CEA Swap Obligation</U>&rdquo; means, with respect to any Guarantor, any CEA Swap Obligation if, and only to the extent that, all
or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such CEA Swap
Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of
the Commodity Futures Trading Commission (or the application or official interpretation of any thereof), including by virtue of
such Guarantor&rsquo;s failure for any reason to constitute an &ldquo;eligible contract participant&rdquo; as defined in the Commodity
Exchange Act and the regulations thereunder at the time the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Guarantee of such Guarantor or the grant
of such security interest becomes effective with respect to such CEA Swap Obligation. If a CEA Swap Obligation arises under a master
agreement governing more than one swap, such exclusion shall apply only to the portion of such CEA 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Excluded
Subsidiary</U></FONT>&rdquo; means, at any time of determination, (a) any Subsidiary that is prohibited by applicable law, rule
or regulation or by any contractual obligation (to the extent such contractual obligation is existing (i) on the Closing Date or
(ii) at the time of acquisition of such Subsidiary so long as the prohibition or restriction in such contract is not entered into
in contemplation thereof) from providing a Guarantee of the Secured Obligations or which would require governmental (including
regulatory or any other Governmental Authority&rsquo;s) consent, approval, license or authorization to provide such a Guarantee
unless such consent, approval, license or authorization has been received, (b) any Foreign Subsidiary (other than the Hong Kong
Guarantor), (c) any Domestic Subsidiary that is a Subsidiary of a Foreign Subsidiary (other than the Hong Kong Guarantor), (d)
any Foreign Subsidiary Holdco, (e) any captive insurance company, (f) any bankruptcy-remote special purpose entity engaging in
activities in connection with the purchase, contribution, transfer, sale and/or financing of Foreign Receivables or other financial
assets (including rights in respect of capitalized leases) and related rights and assets of Lead Borrower or any of its Subsidiaries
in connection with and pursuant to a transaction permitted under this Credit Agreement, (g) any joint venture, (h) any Immaterial
Subsidiary (other than, at the option of Lead Borrower Agent, any Immaterial Subsidiary designated at any time as a Subsidiary
Guarantor or a Borrower), and (i) any other Subsidiary with respect to which Lead Borrower and the Administrative Agent reasonably
determine in writing the cost or other consequences of providing such a Guarantee shall be excessive in view of the benefits of
such Guarantee to be afforded to the Lenders therefrom. Notwithstanding the foregoing, in the event that an Excluded Subsidiary
Guarantees, grants a Lien on its assets to secure, or has greater than 65% of its voting Equity Interests pledged to secure, other
Indebtedness for borrowed money of any of the Loan Parties, such Excluded Subsidiary shall cease to be an Excluded Subsidiary and
shall be required to become a Subsidiary Guarantor in accordance with the provisions of this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Excluded
Taxes</U></FONT>&rdquo; means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or
deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes,
and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having
its principal office or, in the case of any Lender, its Applicable Lending Office located in, the jurisdiction imposing such Tax
(or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding
Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment
pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant
to an assignment request by Lead Borrower under <U>Section&nbsp;3.7(b)</U>) or (ii) such Lender changes its Applicable Lending
Office, except in each case to the extent that, pursuant to <U>Section&nbsp;3.6</U>, amounts with respect to such Taxes were payable
either to such Lender&rsquo;s assignor immediately before such Lender became a party hereto or to such Lender immediately before
it changed its Applicable Lending Office, (c) Taxes attributable to such Recipient&rsquo;s failure to comply with <U>Section&nbsp;3.6(g)</U>
and (d) any U.S. federal withholding Taxes imposed under FATCA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Extended
Revolving Commitment</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;10.2(e)(iv)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Extended
Revolving Lender</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;10.2(e)(iv)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Extended
Revolving Loans</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;10.2(e)(iv)</U>.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Extension</U>&rdquo;
has the meaning assigned to such term in <U>Section&nbsp;10.2(e)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Extension
Offer</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;10.2(e)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>FATCA</U>&rdquo;</FONT>
means Sections&nbsp;1471 through 1474 of the Code, as of the date of this Credit Agreement (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official
interpretations thereof and any agreement entered into pursuant to Section&nbsp;1471(b)(1) of the Code and any fiscal or regulatory
legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities
and implementing such Sections of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Federal
Funds Effective Rate</U>&rdquo; means, for any day, a rate per annum equal to the weighted average of the rates on overnight federal
funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by the
Federal Reserve Bank of New York on the Business Day next succeeding such day, <U>provided</U> that (a) if the day for which such
rate is to be determined is not a Business Day, the Federal Funds Effective Rate for such day shall be such rate on such transactions
on the next preceding Business Day as so published on the next succeeding Business Day, (b) if such rate is not so published for
any day, the Federal Funds Effective Rate for such day shall be the average of the quotations for such day on such transactions
received by the Administrative Agent from three federal funds brokers of recognized standing selected by it and (c) if the Federal
Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Federal
Reserve Bank of New York&rsquo;s Website</U>&rdquo; means the website of the Federal Reserve Bank of New York at <U>http://www.newyorkfed.org</U>,
or any successor source.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Fee
Letters</U></FONT>&rdquo; means, collectively, the Citizens Fee Letter and the CIT Fee Letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Finance
Lease Obligations</U>&rdquo; means, subject to <U>Section 1.4</U>, at the time any determination thereof is to be made, the amount
of the liabilities in respect of Finance Leases that would at such time be required to be capitalized and reflected as a liability
on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Finance
Leases</U>&rdquo; means all leases that are required to be capitalized on a balance sheet of such Person prepared in accordance
with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Financial
Covenants</U>&rdquo; means the covenants set forth in <U>Section&nbsp;7.12</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Financial
Officer</U></FONT>&rdquo; means, with respect to any Person, the chief financial officer, principal accounting officer, treasurer,
assistant treasurer, controller or assistant controller of such Person or other executive responsible for the financial affairs
of such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>First
Priority</U></FONT>&rdquo; means, with respect to the Administrative Agent&rsquo;s Lien purported to be created in any Accounts,
Credit Card Receivables, Inventory, In-Transit Inventory, Document or Document of Title pursuant to any Collateral Document, that
such Lien is the only Lien to which such Collateral is subject, other than any Permitted Encumbrance, and that no such Permitted
Encumbrance has priority over such Lien of the Administrative Agent other than any Permitted Encumbrances arising under, and having
such priority by operation of, applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Fiscal
Year</U></FONT>&rdquo; means the four fiscal quarter period of Lead Borrower ending on December 31 of each calendar year.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Flood
Documents</U>&rdquo; has the meaning set forth in <U>Section&nbsp;9.11</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Flood
Insurance Laws</U>&rdquo; means, collectively, (i) the National Flood Insurance Reform Act of 1994 (which comprehensively revised
the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any successor
statute thereto, (ii) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and
(iii) the Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Foreign
Inventory</U>&rdquo; means any Inventory located outside the United States and the territories or possessions of the United States
that does not constitute Eligible In-Transit Inventory included by Lead Borrower within the Permanent Borrowing Base.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Foreign
Lender</U>&rdquo; means (a) if any Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if any Borrower is not
a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which such Borrower is
resident for tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Foreign
Plan</U>&rdquo; means any employee pension benefit plan or arrangement (a) maintained, or contributed to by any Loan Party or Subsidiary
that is not subject to the laws of the United States, or (b) mandated by a government other than the United States for employees
of any Loan Party or Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Foreign
Receivable</U>&rdquo; means any Account owing to Lead Borrower or any of its Subsidiaries by an Account Debtor organized outside
the United States and the territories or possessions of the United States (other than Accounts that are payable to the Hong Kong
Guarantor and satisfy the eligibility criteria set forth in clause (l) of the definition of Eligible Account).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Foreign
Subsidiary</U></FONT>&rdquo; means any Subsidiary that is not a Domestic Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Foreign
Subsidiary Holdco</U></FONT>&rdquo; means any Domestic Subsidiary that owns no material assets other than the Equity Interests
of one or more Foreign Subsidiaries (other than the Hong Kong Guarantor) that are Controlled Foreign Corporations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Foreign
Vendor</U></FONT>&rdquo; means a Person that sells In-Transit Inventory to a Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Fronting
Exposure</U></FONT>&rdquo; means, at any time there is a Defaulting Lender, (a) with respect to the L/C&nbsp;Issuers, such Defaulting
Lender&rsquo;s L/C Exposure other than such Defaulting Lender&rsquo;s L/C Exposure that has been reallocated to other Lenders or
Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender&rsquo;s
Swingline Exposure other than such Defaulting Lender&rsquo;s Swingline Exposure that has been reallocated to other Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Fund</U>&rdquo;
means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing
in commercial loans, bonds and similar extensions of credit in the ordinary course of its activities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>GAAP</U>&rdquo;
means, subject to <U>Section 1.4</U>, generally accepted accounting principles in effect from time to time in the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Governmental
Authority</U>&rdquo; means the government of the United States or any other nation, or of any political subdivision thereof, whether
state or local, and any department, commission, board, bureau, agency, authority, instrumentality, regulatory body, court, central
bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of
or pertaining to government (including any supra national bodies such as the European Union or the European Central Bank) and
any group or body charged with setting financial accounting or regulatory capital rules or standards (including the Financial
Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor
or similar authority to any of the foregoing).</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Guarantee
Agreement</U></FONT>&rdquo; means the Guarantee Agreement, dated as of the date Closing Date, between the Guarantors and the Administrative
Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Guarantees</U></FONT>&rdquo;
of or by any Person (the &ldquo;guarantor&rdquo;) means, without duplication, 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;primary
obligor&rdquo;) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect,
(a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to
purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property,
securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c)
to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor as to
enable the primary obligor to pay such Indebtedness or other obligation or (d) in respect of any letter of credit or letter of
guaranty issued for the account of such Person to support such Indebtedness or obligation, <U>provided</U> that the term &ldquo;Guarantee&rdquo;
shall not include endorsements for collection or deposit in the ordinary course of business. The term &ldquo;Guaranteed&rdquo;
has a meaning analogous thereto. The amount of any Guarantee at any time shall be deemed to be an amount equal to the stated or
determinable amount of the Indebtedness or other obligation in respect of which such Guarantee is made or, if not stated or determinable,
the maximum reasonably anticipated liability in respect thereof as determined by such Person in good faith, net of, in the case
of a Guarantee of the type contemplated by <U>clause (b)</U> above, the fair market value of the property, securities or services
required to be purchased, as determined by Lead Borrower in good faith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Guarantors</U></FONT>&rdquo;
means (a)&nbsp;each Subsidiary Guarantor, and (b)&nbsp;each other Person that becomes a party to the Guarantee Agreement as a Guarantor,
unless and until such time as such Person is released from its obligations under the Guarantee Agreement in accordance with the
terms and provisions hereof or thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Hazardous
Materials</U></FONT>&rdquo; means all substances, wastes, chemicals, pollutants, or other contaminants, including petroleum or
petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious, pharmaceutical
or medical wastes and all other substances of any nature that are now or hereafter regulated under any Environmental Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>HK Collateral
Document</U>&rdquo; means the Hong Kong law governed debenture dated on or about the Closing Date among the Hong Kong Guarantor
and the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>HK Guarantee
Agreement</U>&rdquo; means the Hong Kong law governed guarantee agreement dated on or about the Closing Date among the Hong Kong
Guarantor and the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Hong
Kong Guarantor</U></FONT>&rdquo; means Madden International Limited (a company incorporated in Hong Kong with company number 1150267
and registered office at Room 1102-05, 11<SUP>th</SUP> Floor, 9 Wing Hong Street, Cheung Sha Wan, Kowloon, Hong Kong).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Immaterial
Subsidiary</U></FONT>&rdquo; means, as of any date of determination, any Subsidiary that, as of the last day of the fiscal quarter
of Lead Borrower then most recently ended for which financial statements have been (or are required to have been) delivered pursuant
to <U>Section 6.1(b)</U>, after elimination of intercompany items, both individually and together with its Subsidiaries (a)&nbsp;did
not generate total (gross) revenue, determined in accordance with GAAP, in excess of (i)&nbsp;2.5% of the consolidated total (gross)
revenue of Lead Borrower and its Subsidiaries for the period of four consecutive fiscal quarters ending as of the date of such
financial statements, or (ii)&nbsp;taken together with all other Immaterial Subsidiaries as of such date (excluding, for the avoidance
of doubt, any Subsidiaries that constitute Excluded Subsidiaries other than by virtue of being Immaterial Subsidiaries), 5.0%
of the consolidated total (gross) revenue of Lead Borrower and its Subsidiaries for the period of four consecutive fiscal quarters
ending as of the date of such financial statements; (b)&nbsp;did not have total assets in excess of (i)&nbsp;2.5% of the consolidated
Total Assets of Lead Borrower and its Subsidiaries as of such date, or (ii)&nbsp;taken together with all other Immaterial Subsidiaries
as of such date (excluding, for the avoidance of doubt, any Subsidiaries that constitute Excluded Subsidiaries other than by virtue
of being Immaterial Subsidiaries), 5.0% of the consolidated Total Assets of Lead Borrower and its Subsidiaries&nbsp;as of such
date; and (c) does not own any material Intellectual Property<FONT STYLE="font-size: 10pt">.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Incremental
Assumption Agreement</U></FONT>&rdquo; means an Incremental Assumption Agreement in form and substance reasonably satisfactory
to the Administrative Agent and Lead Borrower, among the Borrowers, the Administrative Agent and each existing or additional Revolving
Lender party thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Incremental
Commitments</U></FONT>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;2.11(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Indebtedness</U></FONT>&rdquo;
of any Person means, without duplication:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>all obligations of such Person for borrowed money;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments, including
seller paper;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the maximum amount (after giving effect to any prior drawings or reductions which have been reimbursed) of all letters of
credit (including standby and commercial), banker&rsquo;s acceptances, bank guaranties, surety bonds, and similar instruments issued
or created by or for the account of such Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Swap Termination Value of each Swap Agreement (to the extent reflecting an amount owed by such Person or an amount that
would be owing were such Swap Agreement terminated);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Attributable Indebtedness of such Person in respect of Finance Lease Obligations, Synthetic Debt and Synthetic Lease
Obligations of such Person (regardless of whether accounted for as indebtedness under GAAP);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>all obligations of such Person to pay the deferred purchase price of property or services (other than (i) trade accounts
payable and accrued expenses in the ordinary course of business which are paid within 120 days of their respective due dates (except
to the extent being Contested in Good Faith) and (ii) any purchase price adjustments, earn-out or similar obligation until such
obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and is not paid after becoming due and
payable);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>indebtedness (excluding prepaid interest thereon) secured by a Lien (or for which the holder of such indebtedness has an
existing right, contingent or otherwise, to be secured by a Lien) on property owned or being purchased by such Person (including
indebtedness arising under conditional sales or other title retention agreements and mortgage, industrial revenue bond, industrial
development bond and similar financings), whether or not such indebtedness shall have been assumed by such Person or is limited
in recourse;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>all Earn-Out Obligations due and owing of such Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>all monetary obligations of such Person in respect of Disqualified Equity Interests;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>all obligations of such Person to pay a specified purchase price for goods or services whether or not delivered or accepted
(<U>e.g.</U>, take or pay obligations) or similar obligations and, without duplication, all obligations of such Person under conditional
sale or other title retention agreements relating to property or assets purchased by such Person; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>all Guarantees by such Person of any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The Indebtedness of any Person shall include the Indebtedness
of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which
such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. The
amount of Indebtedness of any Person for purposes of clause (g) shall be deemed to be equal to the greater of (i) the aggregate
unpaid amount of such Indebtedness and (ii) the fair market value of the property encumbered thereby as determined by such Person
in good faith. For all purposes of this Credit Agreement, the amount of Indebtedness of Lead Borrower and its Subsidiaries shall
be calculated without duplication of guaranty obligations of Lead Borrower or any Subsidiary in respect thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Indemnified
Taxes</U>&rdquo; means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of
any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Indemnitee</U>&rdquo;
has the meaning assigned to such term in <U>Section&nbsp;10.3(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Information</U>&rdquo;
has the meaning assigned to such term in <U>Section&nbsp;10.14(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Intellectual
Property</U>&rdquo; has the meaning assigned to such term in the Security Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Interest
Payment Date</U>&rdquo; means (a) with respect to any ABR Loan, the first day of each January, April, July and October, (b) with
respect to any LIBOR Loan, the last day of the Interest Period applicable thereto and, in the case of a LIBOR Loan 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, (c) with respect to all Loans, the Maturity Date of
the Credit Facility under which such Loan was made and (d) with respect to any Swingline Loan, the earlier of the maturity date
selected therefor pursuant to <U>Section&nbsp;2.3(b)(iii)</U> and the Revolving Maturity Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Interest
Period</U>&rdquo; means, with respect to any LIBOR 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 <FONT STYLE="background-color: white">(or
such other period of time as is consented to by each of the </FONT>Appropriate <FONT STYLE="background-color: white">Lenders),
</FONT>as Lead Borrower may elect, <U>provided</U> that: (a) if any Interest Period would end on a day other than a Business Day,
such Interest Period shall be extended to the next succeeding Business Day, unless such next succeeding Business Day would fall
in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, (b) any Interest
Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such
Interest Period, and (c) no Interest Period in respect of any Loan shall end after the Maturity Date of the Credit Facility under
which such Loan was made. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is
made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. Interest shall
accrue from and including the first day of an Interest Period to but excluding the last day of such Interest Period<FONT STYLE="font-size: 10pt">.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Interpolated
Screen Rate</U>&rdquo; means in relation to the LIBOR Rate for any Loan, the rate per annum determined by the Administrative Agent
(which determination shall be conclusive and binding absent demonstrable error) to be equal to the rate that results from interpolating
on a linear basis between: (a) the rate as displayed on the applicable Bloomberg page (or on any successor or substitute page or
service providing quotations of interest rates applicable to Dollar deposits in the London interbank market comparable to those
currently provided on such page, as determined by the Administrative Agent from time to time; in each case the &ldquo;<U>Screen
Rate</U>&rdquo;) for the longest period (for which that Screen Rate is available) that is shorter than the applicable Interest
Period and (b) the Screen Rate for the shortest period (for which that Screen Rate is available) that exceeds such Interest Period,
in each case, at approximately 11:00&nbsp;a.m., London time, on the Quotation Day for such Interest Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>In-Transit
Inventory</U>&rdquo; means Inventory of a Loan Party which is in the possession of a common carrier and is in transit from a Foreign
Vendor of such Loan Party from a location outside of the continental United States to a location of such Loan Party that is within
the continental United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Inventory</U>&rdquo;
means &ldquo;inventory&rdquo; as defined in Article&nbsp;9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Investment</U>&rdquo;
means, as to any Person, (a) any Acquisition by such Person, (b) any direct or indirect acquisition or investment by such Person
in another Person, whether by means of the purchase or other acquisition of Equity Interests or debt or other securities of another
Person (including any partnership or joint venture interest), or (c) any direct or indirect loan, advance or capital contribution
to, Guarantee with respect to any Indebtedness or other obligation of, such other Person (excluding bona fide Accounts arising
in the ordinary course of business). For purposes of covenant compliance, the amount of any Investment on any date of determination
shall be, in the case of any Investment in the form of (i) a loan or an advance, the principal amount thereof outstanding on such
date, (ii) a Guarantee, the amount of such Guarantee as determined in accordance with the last sentence of the definition of such
term, (iii) a transfer of Equity Interests or other property by the investor to the investee, including any such transfer in the
form of a capital contribution, or the issuance of Equity Interests to such investor, the fair market value (as determined reasonably
and in good faith by Lead Borrower) of such Equity Interests or other property as of the time of the transfer or issuance, without
any adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect to, such Investment,
and (iv) any Investment (other than as otherwise provided in clauses (i), (ii) or (iii) above) in the form of an Acquisition or
a purchase or other acquisition for value of any evidences of Indebtedness or other securities of any other Person, the original
cost of such Investment (including any Indebtedness assumed in connection therewith), <U>plus</U> the cost of all additions, as
of such date, thereto, and <U>minus</U> the amount, as of such date, of any portion of such Investment repaid to the investor in
cash as a repayment of principal, dividends or other distributions, or a return of capital, as the case may be, but without any
other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect to, such Investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>IRS</U>&rdquo;
means the United States Internal Revenue Service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>ISP</U>&rdquo;
means the International Standby Practices, International Chamber of Commerce Publication No.&nbsp;590 (or such later version thereof
as may be in effect at the applicable time of issuance)</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Latest
Maturity Date</U>&rdquo; means, at any date of determination, the latest Maturity Date applicable to any Loan or Commitment hereunder
at such time, in each case as extended in accordance with this Credit Agreement or pursuant to any other Loan Document from time
to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Landlord
Lien State</U>&rdquo; means any state in which a landlord&rsquo;s or bailee&rsquo;s claim for rent has priority by law over the
Lien of the Administrative Agent in any of the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>L/C&nbsp;Advance</U>&rdquo;
has the meaning assigned to such term in <U>Section&nbsp;2.4(c)(iii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>L/C Borrowing</U>&rdquo;
means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the applicable
L/C Honor Date or refinanced as a Revolving Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>L/C Credit
Extension</U>&rdquo; means, with respect to any Letter of Credit, the issuance or renewal thereof or extension of the expiry date
thereof, or the reinstatement or increase of the amount thereof or any amendment thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>L/C Disbursement</U>&rdquo;
means a payment made by any L/C&nbsp;Issuer pursuant to a Letter of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>L/C Exposure</U>&rdquo;
means, with respect to any Revolving Lender at any time, its Applicable Percentage of the L/C Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>L/C Fronting
Fee</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;3.2(b)(ii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>L/C Honor
Date</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;2.4(c)(i)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>L/C&nbsp;Issuer</U>&rdquo;
means Citizens Bank and each other Revolving Lender that becomes a L/C Issuer pursuant to <U>Section 2.4(h)</U>, each in its capacity
as issuer of Letters of Credit hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>L/C Obligations</U>&rdquo;
means, at any time, with respect to all of the Revolving Lenders, the sum, without duplication, of (a) the undrawn portion of all
Letters of Credit <U>plus</U> (b) the aggregate of all Unreimbursed Amounts in respect of Letters of Credit (unless refinanced
as a Revolving Borrowing), including all L/C Borrowings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>L/C Participation
Fee</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;3.2(b)(i)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>L/C Sublimit</U>&rdquo;
means an amount equal to the lesser of (a) $20,000,000 and (b) the Revolving Credit Maximum Amount. The L/C Sublimit is a sublimit
of the Revolving Commitments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Lead
Borrower</U></FONT>&rdquo; has the meaning assigned to such term in the Preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Lenders</U>&rdquo;
means (a) the financial institutions listed on <U>Schedule 2.1</U> (other than any such financial institution that has ceased to
be a party hereto pursuant to an Assignment and Assumption) and (b) any financial institution that has become a party hereto pursuant
to an Assignment and Assumption or pursuant to an Incremental Assumption Agreement. Unless the context clearly indicates otherwise,
the term &ldquo;Lenders&rdquo; shall include the Swingline Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Letter
of Credit</U>&rdquo; means any letter of credit issued hereunder providing for the payment of cash upon the honoring of a presentation
thereunder. A Letter of Credit may be a commercial letter of credit or a standby letter of credit.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Letter
of Credit Application</U>&rdquo; means an application and agreement for the issuance or amendment of a Letter of Credit in the
form from time to time in use by any L/C&nbsp;Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Letter
of Credit Documents</U>&rdquo; means, with respect to each Letter of Credit, such Letter of Credit, any amendments thereto, any
documents delivered in connection therewith, any Letter of Credit Application and any agreements, instruments, guarantees or other
documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights
and obligations of the parties concerned or (b) any collateral for such obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Letter
of Credit Expiration Date</U>&rdquo; means the day that is five Business Days prior to the Maturity Date of the Revolving Facility
(or, if such day is not a Business Day, the next preceding Business Day).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>LIBOR
Borrowing</U>&rdquo; means, as to any Borrowing, the LIBOR Loans comprising such Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>LIBOR
Loan</U>&rdquo; means a Loan bearing interest based on the Adjusted LIBOR Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>LIBOR
Rate</U>&rdquo; means, with respect to each day during each Interest Period pertaining to an applicable Loan in Dollars, the rate
per annum determined by the Administrative Agent to be the arithmetic average of the London Interbank Offered Rates administered
by the ICE Benchmark Administration (or any Person that takes over administration of such rate) for deposits in Dollars for a duration
equal to or comparable to the duration of such Interest Period which appear on the relevant Bloomberg page (or such other commercially
available source providing quotations of the London Interbank Offered Rates for deposits in Dollars as may reasonably be designated
by the Administrative Agent from time to time) at or about 11:00 a.m. (London time) on the Quotation Day for such Interest Period;
<U>provided</U> that if such rate is not available at such time for any reason, then the &ldquo;LIBOR Rate&rdquo; with respect
to such Loan for such period shall be the Interpolated Screen Rate, where applicable. Each calculation by the Administrative Agent
of the LIBOR Rate hereunder shall be conclusive and binding on the parties hereto for all purposes, absent demonstrable error.
Notwithstanding the foregoing, for purposes of this Credit Agreement, the LIBOR Rate shall at no time be less than 1.00% per annum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Lien</U>&rdquo;
means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security
interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, Finance Lease
or title retention agreement relating to such asset, and (c) in the case of securities, any purchase option, call or similar right
of a third party with respect to such securities; <U>provided</U>, that in no event shall an operating lease or an agreement to
sell in connection with a Disposition permitted under <U>Section 7.5</U> be deemed to constitute a Lien.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Line Cap</U>&rdquo;
means, at any time of determination, the lesser of (i) the Revolving Credit Maximum Amount at such time and (ii) the Borrowing
Base then in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Loan</U>&rdquo;
means an extension of credit by a Lender to the Borrowers under <U>Article&nbsp;2</U> in the form of a Revolving Loan or a Swingline
Loan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Loan
Document Obligations</U>&rdquo; means the due and punctual payment and performance of all advances to, and debts,
liabilities, obligations, covenants and duties of, any Loan Party under or pursuant to each of the Loan Documents or
otherwise with respect to any Loan or Letter of Credit and all costs and expenses incurred in connection with enforcement and
collection of the foregoing, including the fees, charges and disbursements of counsel chargeable to any Loan Party, or for
which any Loan Party is liable as indemnitor, under the Loan Documents, in each case whether direct or indirect (including
those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including
interest, expenses and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any
proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless
of whether such interest, expenses and fees are allowed claims in such proceeding.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Loan Documents</U>&rdquo;
means, collectively, this Credit Agreement, the Notes, the Guarantee Agreement, the HK Guarantee Agreement, each Incremental Assumption
Agreement, each Letter of Credit Application, any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions
of <U>Section&nbsp;2.10</U>, the Fee Letters, the Collateral Documents and each other document entered into in connection herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Loan Parties</U>&rdquo;
means, collectively, the Borrowers and the Guarantors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Mandatory
Prepayment Casualty Event</U>&rdquo; means any Casualty Event, other than any individual Casualty Event, or series of related Casualty
Events, the Net Cash Proceeds of which are not reasonably expected, in Lead Borrower&rsquo;s good faith determination, to exceed
$20,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Mandatory
Prepayment Debt Incurrence</U>&rdquo; means the incurrence of any Indebtedness by any Loan Party or any of its Subsidiaries (other
than Indebtedness permitted by <U>Section&nbsp;7.1</U>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Mandatory
Prepayment Disposition</U>&rdquo; means any Disposition made by a Loan Party or any of its Subsidiaries (other than (x) a Disposition
permitted under <U>Sections 7.5</U> (other than <U>Section 7.5(i)</U> or <U>(j)</U>) and (y) the creation of any Lien permitted
under <U>Section 7.2</U>), other than any individual Disposition, or series of related Dispositions, the Net Cash Proceeds of which
are not reasonably expected, in Lead Borrower&rsquo;s good faith determination, to exceed $20,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Mandatory
Prepayment Equity Issuance</U>&rdquo; means the issuance of any Equity Interests by any Loan Party or any of its Subsidiaries (in
an underwritten offering or private placement) or the receipt by any Loan Party or any of its Subsidiaries of any capital contribution,
other than (a) Equity Interests issued pursuant to employee stock plans, employee compensation plans or employee incentive arrangements
or contributed to pension funds, (b) Equity Interests issued to Lead Borrower or any of its Subsidiaries, and (c) Equity Interests
issued as consideration for any Acquisition or any joint venture arrangement permitted under this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Margin
Stock</U>&rdquo; has the meaning assigned to such term in Regulation U.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Master
Agreement</U>&rdquo; has the meaning assigned to such term in the definition of &ldquo;Swap Agreement.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Master
Intercompany Note</U></FONT>&rdquo; means a promissory note substantially in the form of <U>Exhibit H</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Material
Adverse Effect</U>&rdquo; means a material adverse effect on (a) the business, assets, operations, liabilities, or financial condition
of Lead Borrower and its Subsidiaries, taken as a whole, (b) the validity or enforceability of any Loan Document (other than against
the Administrative Agent, any Lender or any Affiliate of the foregoing), or (c) the rights of or remedies available to the Credit
Parties under any Loan Document (other than against the Administrative Agent, any Lender or any Affiliate of the foregoing); <U>provided</U>,
<U>however</U>, that events, circumstances, changes, effects or conditions with respect to Lead Borrower and its Subsidiaries disclosed
in any Form 10-K, Form 10-Q or Form 8-K filed by Lead Borrower with the Securities and Exchange Commission prior to the Closing
Date shall not constitute a &ldquo;Material Adverse Effect&rdquo; to the extent so disclosed. In determining whether any individual
event would result in a Material Adverse Effect, notwithstanding that such event in and of itself does not have such effect, a
Material Adverse Effect shall be deemed to have occurred if the cumulative effect of such event and all other then existing events
would result in a Material Adverse Effect.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Material
Indebtedness</U>&rdquo; means, as of any date, Indebtedness (other than (i)&nbsp;Indebtedness under the Loan Documents, (ii)&nbsp;Indebtedness
owing to Lead Borrower or any of its Subsidiaries and (iii)&nbsp;Indebtedness arising under the Rosenthal Factoring Agreement)
of any one or more of the Loan Parties or any of their Subsidiaries in an aggregate principal amount exceeding the Threshold Amount.
For purposes of determining Material Indebtedness, the &ldquo;principal amount&rdquo; of the obligations in respect of any Swap
Agreement at any time shall be its Swap Termination Value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Material
Inventory Location</U>&rdquo; means (a) each distribution center or warehouse location and (b) each other location (other than
retail stores) where Inventory of the Loan Parties with an aggregate book value in excess of $1,000,000 is located, other than
temporarily.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Maturity
Date</U>&rdquo; means, with respect to the Revolving Facility, the Revolving Maturity Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Minimum
Collateral Amount</U>&rdquo; means, with respect to any L/C Obligations at any time, an amount equal to 103% of such L/C Obligations
at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Moody&rsquo;s</U>&rdquo;
means Moody&rsquo;s Investors Service, Inc. and any successor to its rating agency business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Multiemployer
Plan</U>&rdquo; means a multiemployer plan as defined in Section&nbsp;4001(a)(3) of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Net
Cash Proceeds</U>&rdquo; means, with respect to any (a) Mandatory Prepayment Disposition or Mandatory Prepayment Casualty
Event by any Loan Party or any of its Subsidiaries, the cash proceeds received by a Loan Party or any Subsidiary thereof
(including cash proceeds subsequently received (as and when received) in respect of non-cash consideration initially received
and including all insurance settlements and condemnation awards from any single event or series of related events, but
excluding cash proceeds received from Lead Borrower or any of its Subsidiaries) net of the sum, without duplication, of
(i)&nbsp;transaction expenses (including broker&rsquo;s fees or commissions, legal fees, accounting fees, investment banking
fees and other professional fees, transfer and similar taxes and Lead Borrower&rsquo;s good faith estimate of taxes paid or
payable in connection with the receipt of such cash proceeds), (ii)&nbsp;amounts set aside as a reserve in accordance with
GAAP, including in respect of, without duplication, (x)&nbsp;earn-outs and other purchase price adjustments associated with
the purchase price of the asset subject to a Mandatory Prepayment Disposition and (y)&nbsp;liabilities associated with such
asset that are retained by Lead Borrower or any Subsidiary thereof, including pension and post-employment benefit
liabilities, liabilities related to environmental matters and indemnification obligations (<U>provided</U> that, in each case
of the foregoing clauses (x) and (y), to the extent and at the time any such amounts are released from such reserve, such
amounts shall constitute Net Cash Proceeds), (iii)&nbsp;in the case of insurance settlements and condemnation awards related
to a Mandatory Prepayment Casualty Event, amounts previously paid, or expected to be reasonably promptly paid, by such Loan
Party or such Subsidiary to replace or restore the affected property, (iv)&nbsp;the principal amount, premium or penalty, if
any, interest, costs and other amounts on any Indebtedness which is secured by a Lien on the asset that is the subject of the
Mandatory Prepayment Disposition or Mandatory Prepayment Casualty Event which is senior in priority to the Liens securing
Secured Obligations and is required to be repaid with such proceeds (other than any such Indebtedness assumed by the
purchaser of such asset), (v)&nbsp;in the case of any Mandatory Prepayment Disposition or Mandatory Prepayment Casualty Event
by or affecting a Subsidiary that is not a Wholly-Owned Subsidiary, the pro rata portion of the Net Cash Proceeds thereof
(calculated without regard to this&nbsp;<U>clause (v)</U>) attributable to minority interests and not available for
distribution to or for the account of Lead Borrower or a Wholly-Owned Subsidiary as a result thereof, and (vi)&nbsp;in the
case of proceeds received by a Foreign Subsidiary (other than the Hong Kong Guarantor), any repatriation costs associated
with such proceeds and the amount of such proceeds prohibited or delayed by applicable local law from being repatriated to
the United States; <U>provided</U>, <U>however</U>, that if Lead Borrower shall deliver a certificate of a Financial Officer to the Administrative
Agent within three Business Days following receipt of such proceeds setting forth Lead Borrower&rsquo;s intent to (x) acquire,
maintain, develop, construct, improve, update or repair tangible or intangible assets useful in the business of Lead Borrower and/or
its Subsidiaries and/or (y) make any Investment permitted under this Credit Agreement, in any such case within 12 months after
receipt of such proceeds (or, if so committed to be used within such 12-month period, within 180 days after the end of such 12-month
period), then such proceeds shall not constitute Net Cash Proceeds except to the extent not so used at the end of such applicable
period, at which time such proceeds shall be deemed to be Net Cash Proceeds, and (b) with respect to any Mandatory Prepayment Debt
Incurrence or Mandatory Prepayment Equity Issuance, the cash proceeds thereof (from a Person other than Lead Borrower or any Subsidiary
thereof), net of all taxes and customary fees, commissions, costs and other expenses (including broker&rsquo;s fees or commissions,
legal fees, accounting fees, investment banking fees and other professional fees, and discounts and commissions) incurred in connection
therewith.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>NOLV</U>&rdquo;
means, with respect to Inventory of any Person, the orderly liquidation value thereof identified in the most recent Inventory appraisal
ordered by the Administrative Agent in accordance with <U>Section 6.6(b)</U> and as determined in a manner reasonably acceptable
to the Administrative Agent by an appraiser reasonably acceptable to the Administrative Agent, net of all reasonably anticipated
costs of liquidation thereof.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Non-Consenting
Lender</U>&rdquo; means any Lender that does not approve any consent, waiver or amendment that (a)&nbsp;requires the approval of
all or all affected Lenders in accordance with the terms of this Credit Agreement (including <U>Section&nbsp;10.2</U>) and (b)&nbsp;has
been approved by the Required Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Non-Defaulting
Lender</U>&rdquo; means, at any time, each Lender that is not a Defaulting Lender at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Non-Extending
Lender</U>&rdquo; means any Revolving Lender that does not agree to an Extension with respect to its Revolving Commitment (or a
portion thereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Non-Loan
Party Subsidiary</U>&rdquo; means any Subsidiary of Lead Borrower that is not a Loan Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Nonrenewal
Notice Date</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;2.4(b)(iii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Notes</U>&rdquo;
means, collectively, the Revolving Loan Notes and the Swingline Loan Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Noticed
<FONT STYLE="font-weight: normal">Cash Management Obligations</FONT></U>&rdquo; means all Secured Cash Management Obligations that
are (a) owed to the Administrative Agent or any of its Affiliates or (b) owed to a Lender or an Affiliate of a Lender and such
Person has executed and delivered a Secured Obligation Designation Notice to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Noticed
<FONT STYLE="font-weight: normal">Swap Agreement Obligations</FONT></U>&rdquo; means all Secured Swap Agreement Obligations that
(a) is with a counterparty that is the Administrative Agent or any of its Affiliates or (b) is with a counterparty that is a Lender
or an Affiliate of a Lender and such counterparty has executed and delivered a Secured Obligation Designation Notice to the Administrative
Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>OFAC</U>&rdquo;
means the U.S. Department of the Treasury&rsquo;s Office of Foreign Assets Control, and any successor thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Organizational
Documents</U>&rdquo; means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or
equivalent or comparable constitutive documents with respect to any non-United States jurisdiction), (b) with respect to any limited
liability company, the certificate or articles of formation or organization and operating
or limited liability company agreement and <FONT STYLE="font-size: 10pt">(c) with respect to any partnership, joint venture, trust
or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and
any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the
applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles
of formation or organization of such entity.</font></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Other
Connection Taxes</U>&rdquo; means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between
such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered,
become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged
in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Other
Taxes</U>&rdquo; means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise
from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection
of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection
Taxes imposed with respect to an assignment (other than an assignment made pursuant to <U>Section&nbsp;3.7(b)</U>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Outstanding
Amount</U>&rdquo; means (a) with respect to any Loan on any date, the outstanding principal amount thereof after giving effect
to any borrowings and prepayments or repayments thereof (including any refinancing of outstanding Unreimbursed Amounts under Letters
of Credit or L/C Borrowings as a Revolving Borrowing) occurring on such date, and (b) with respect to any Letter of Credit, Unreimbursed
Amount, L/C Borrowing or L/C Obligations on any date, the outstanding amount thereof on such date after giving effect to any related
L/C Credit Extension occurring on such date and any other changes thereto as of such date, including as a result of any reimbursements
of outstanding Unreimbursed Amounts under related Letters of Credit (including any refinancing of outstanding Unreimbursed Amounts
under related Letters of Credit or related L/C Credit Extensions as a Revolving Borrowing) or any reductions in the maximum amount
available for drawing under related Letters of Credit taking effect on such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Overadvance</U>&rdquo;
has the meaning assigned to such term <U>Section&nbsp;2.2(h)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Participant</U>&rdquo;
has the meaning assigned to such term in <U>Section&nbsp;10.4(d)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Participant
Register</U>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;10.4(d)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Patent
Security Agreement</U></FONT>&rdquo; has the meaning set forth in the Security Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Payment
Conditions</U>&rdquo; shall mean, with respect to any applicable transaction,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;either:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;immediately
after giving pro forma effect to such transaction, Availability on the date of such transaction, and for each Business Day on a
projected basis for the six-month period thereafter, shall be greater than or equal to the greater of (x) $37,500,000 and (y) 25%
of the Line Cap, or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;immediately
after giving pro forma effect to such transaction, (A) Availability on the date of such transaction, and for each Business Day
on a projected basis for the six-month period thereafter, shall be greater than or equal to the greater of (x) $30,000,000 and
(y) 20% of the Line Cap and (B) the Consolidated Fixed Charge Coverage Ratio for the then most recent four-fiscal quarter period
for which financial statements have been (or are required to have been) delivered pursuant to <FONT STYLE="font-size: 10pt"><U>Section&nbsp;6.1(b)</U>,
and on a projected basis for the respective four-fiscal quarter periods ending as of the last day of each of the two fiscal quarters
thereafter, in each case determined on a Pro Forma Basis for such transaction (and any prior transactions made in reliance on
this clause (ii) of &ldquo;Payment Conditions&rdquo; and included in the pro forma calculation of the Consolidated Fixed Charge
Coverage Ratio for such periods), shall be greater than or equal to 1.00 to 1.00, and</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no
Default shall have occurred and be continuing at the time of such transaction or would occur as a result thereof, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Administrative Agent shall have received (i) at least three Business Days&rsquo; prior written notice of such transaction (or such
shorter period of prior notice as the Administrative Agent may agree to in its sole discretion) and (ii) a certificate of a Responsible
Officer of Lead Borrower certifying as to compliance with the preceding clauses and demonstrating (in reasonable detail) the calculations
required thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>PBGC</U>&rdquo;
means the Pension Benefit Guaranty Corporation referred to and defined in ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Pension
Plan</U>&rdquo; means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV
of ERISA or Section&nbsp;412 or Section&nbsp;430 of the Code or Section&nbsp;302 or Section&nbsp;303 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) of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Perfection
Certificate</U>&rdquo; means a perfection certificate in a form reasonably acceptable to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Permanent
Borrowing Base</U>&rdquo; means, as at any date of determination thereof after the occurrence of the Permanent Borrowing Base Trigger,
an amount equal to the sum of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90%
of the net amount of Eligible Credit Card Receivables at such date; <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85%
of the net amount of Eligible Accounts at such date; <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90%
of the NOLV of the value of Eligible Inventory at such date; <U>plus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
lesser of (i) 90% of the NOLV of the value of Eligible In-Transit Inventory at such date and (ii) $30,000,000; <U>minus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reserves
implemented in accordance with <U>Section 2.1(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">For purposes hereof,
(1) the net amount of Eligible Credit Card Receivables and Eligible Accounts at any time shall be the face amount of such Eligible
Credit Card Receivables or Eligible Accounts less (to the extent not reflected in such face amount) (x) any and all returns, rebates,
discounts, claims, credits or credits pending, allowances, price adjustments, finance charges or excise taxes of any nature at
any time issued, owing, claimed by Account Debtors, granted, outstanding or payable in connection with such Eligible Credit Card
Receivables or Eligible Accounts at such time and (y) the aggregate amount of all cash received in respect of such Eligible Credit
Card Receivables and Eligible Accounts but not yet applied by the Loan Parties to reduce the amount of such Eligible Credit Card
Receivables and Eligible Accounts, and (2) the value of Eligible Inventory or Eligible In-Transit Inventory shall be determined on a first-in,
first-out, lower of cost or market basis in accordance with GAAP.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Permanent
Borrowing Base Trigger</U>&rdquo; means completion after the Closing Date of both an Inventory appraisal and an on-site field examination
(in the case of such field examination, for the limited purpose of performing on-site test counts, to the extent such test counts
are not completed prior to the Closing Date), each in form and detail reasonably satisfactory to the Administrative Agent, by an
appraiser and field examiner engaged by or on behalf of the Administrative Agent, and receipt of a Borrowing Base Certificate using
the Permanent Borrowing Base, demonstrating pro forma compliance with the Financial Covenant applicable after the Permanent Borrowing
Base Trigger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Permitted
Acquisitions</U></FONT>&rdquo; means, collectively, each Acquisition which satisfies each of the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>at the time of and immediately before and upon giving Pro Forma Effect thereto, the Payment Conditions shall have been satisfied;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such Acquisition shall be consensual and, if applicable, has been approved by the Acquisition target&rsquo;s board of directors
(or comparable governing body);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Person(s), assets or business unit(s) acquired in the Acquisition, taken as a whole, shall be engaged in an Approved
Line of Business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such Acquisition and all transactions related thereto shall be consummated in accordance in all material respects with material
laws, ordinances, rules, regulations and requirements of all Governmental Authorities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>all actions, if any, required to be taken with respect to such newly created or acquired Subsidiary (including each Subsidiary
thereof) or assets in order to satisfy the requirements set forth in the definition of the term &ldquo;Collateral and Guarantee
Requirement&rdquo; to the extent applicable shall be taken (or arrangements shall have been made reasonably satisfactory to the
Administrative Agent for such actions to be taken) within the time frames set forth in <U>Section&nbsp;6.12</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to the extent required by the Collateral and Guarantee Requirement, (i) the property, assets, businesses and Equity Interests
acquired in such Acquisition shall become Collateral and (ii) any newly created or acquired Subsidiary (other than an Excluded
Subsidiary) shall become a Subsidiary Guarantor, in each case in accordance with <U>Section&nbsp;6.12</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>not later than five Business Days (or such shorter period as may be reasonably practicable, if approved by the Administrative
Agent) prior to the consummation of any such Acquisition that is not funded solely with equity contributions, except with respect
to an Acquisition in which the cash acquisition consideration is less than $10,000,000, and subject to the Disclosure Exceptions,
Lead Borrower shall have delivered to the Administrative Agent (i)&nbsp;a description of the proposed Acquisition, (ii)&nbsp;to
the extent obtained and available, a quality of earnings report and (iii)&nbsp;to the extent requested by the Administrative Agent,
(A) satisfactory environmental assessments and (B) financial statements for Lead Borrower including the Acquisition target on a
Pro Forma Basis (or, if such financial statements are not available, financial statements for the Acquisition target); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to the extent the cash purchase price of any such Acquisition is not funded solely with equity contributions and the purchase
price exceeds $5,000,000, Lead Borrower shall have delivered to the Administrative Agent within five Business Days after the Acquisition,
fully executed copies of the acquisition agreements for such Acquisition together with all schedules thereto, and, to the extent
required to be obtained under the terms of the acquisition agreements for such Acquisition, the applicable party under such acquisition
agreements shall have received all required regulatory and third party approvals.</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Permitted
Discretion</U></FONT>&rdquo; means a determination made by the Administrative Agent in its commercially reasonable credit or business
judgment (from the perspective of a secured asset-based lender) exercised in good faith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Permitted
Encumbrances</U></FONT>&rdquo; means:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens imposed by law for taxes, assessments or other governmental charges that are not yet delinquent by more than 30 days
or are being Contested in Good Faith; <U>provided</U> that enforcement of such Liens is stayed pending such contest;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>landlords&rsquo;, vendors&rsquo;, carriers&rsquo;, warehousemen&rsquo;s, mechanics&rsquo;, materialmen&rsquo;s, repairmen&rsquo;s
and other like Liens imposed by law, securing obligations that are not overdue by more than 30 days or are being Contested in Good
Faith; <U>provided</U> that enforcement of such Liens is stayed pending such contest;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) pledges and deposits made in the ordinary course of business in compliance with workers&rsquo; compensation, unemployment
insurance and other social security laws or regulations and deposits securing liability to insurance carriers under insurance or
self-insurance arrangements in respect of such obligations and (ii) pledges and deposits securing liability for reimbursement or
indemnification obligations of insurance carriers providing property, casualty or liability insurance to Lead Borrower or any Subsidiary;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>pledges and deposits to secure the performance of bids, trade contracts (other than for Indebtedness), leases (other than
Finance Lease Obligations), statutory obligations, surety and appeal bonds, performance and return of money bonds, bids, government
contracts, agreements with utilities, letters of credit, bankers&rsquo; acceptances, bank guarantees, shipside bonds, and other
obligations of a like nature, in each case to the extent such pledges and deposits are incurred in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens arising out of (i) judgments, decrees, orders or awards not constituting an Event of Default under <U>Section&nbsp;8.1(k)</U>
or (ii) notices of lis pendens and associated rights related to litigation being Contested in Good Faith;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>easements, zoning restrictions, rights of way and other similar encumbrances on real property imposed by law or arising
in the ordinary course of business and title defects or irregularities that, in the aggregate, do not secure any monetary obligation
and do not interfere in any material respect with the ordinary conduct of the business of Lead Borrower or any Subsidiary;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any interest or title of a licensor, sublicensor, lessor or sublessor with respect to any assets under any license or lease
agreement entered into in the ordinary course of business, and all Liens suffered or created by any such licensor, sublicensor,
lessor or sublessor (or any predecessor in interest) with respect to any such interest or title;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>licenses, sublicenses, leases or subleases with respect to any assets, and covenants not to sue under Intellectual Property
or software or other technology, granted to third Persons in the ordinary course of business; <U>provided</U> that the same do
not in any material respect interfere with the business of the Loan Parties or their
Subsidiaries or materially detract from the value of the relevant assets of the Loan Parties or their Subsidiaries;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>subordination, non-disturbance and/or attornment agreements with any ground lessor, lessor or any mortgagor of any of the
foregoing, with respect to any ground lease or other lease or sublease entered into by Lead Borrower or any Subsidiary;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens arising in the ordinary course of business that are contractual rights of set-off (i) relating to the establishment
of depository relations with banks and other financial institutions not given in connection with the issuance of Indebtedness,
(ii) relating to pooled deposits, sweep accounts, reserve accounts or similar accounts of Lead Borrower or any Subsidiary to permit
satisfaction of overdraft or similar obligations incurred in the ordinary course of business of Lead Borrower or any Subsidiary,
including with respect to credit card charge-backs and similar obligations, or (iii) relating to purchase orders and other agreements
entered into with customers, suppliers or service providers of Lead Borrower or any Subsidiary in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens arising in the ordinary course of business (i) that are banker&rsquo;s liens, rights of set-off or similar rights,
(ii) attaching to commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business,
(iii) encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts
or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes, or (iv) in respect of
any accounts or funds, or any portion thereof, received by Lead Borrower or any Subsidiary as agent on behalf of third parties
in accordance with a written agreement that imposes a duty upon Lead Borrower or one or more of Subsidiaries to collect and remit
those funds to such third parties;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens on Margin Stock to the extent that a prohibition on such Liens would violate Regulation U;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens (i) on earnest money deposits made in cash by Lead Borrower or any of its Subsidiaries in connection with any letter
of intent or purchase agreement in connection with a Permitted Acquisition or other Investment permitted under this Credit Agreement
or (ii) on amounts deposited as &ldquo;security deposits&rdquo; (or their equivalent) in the ordinary course of business in connection
with actions or transactions permitted under this Credit Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens in favor of customs and revenue authorities arising in the ordinary course of business as a matter of law to secure
payment of customs duties in connection with the importation of goods;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens resulting from the filing of precautionary UCC-1 financing statements (or equivalent) with respect to operating leases;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens arising by operation of law in the United States under Article&nbsp;2 of the UCC in favor of a reclaiming seller of
goods or buyer of goods;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered
into by any Loan Party or any of its Subsidiaries in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(r)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens incurred in the ordinary course of business imposed by law in connection with the purchase or shipping of goods or
assets (or the related assets and proceeds thereof), which Liens are in favor of the seller or shipper of such goods or assets
and only attach to such goods or assets;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(s)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Liens securing insurance premiums financing arrangements; <U>provided</U> that such Liens are limited to the applicable
unearned insurance premiums;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(t)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens on goods or Inventory the purchase, shipment or storage price of which is financed by a documentary letter of credit
or bank guarantee issued or created for the account of Lead Borrower or any Subsidiary in the ordinary course of business; <U>provided</U>
that such Lien secures only the obligations of Lead Borrower or such Subsidiaries in respect of such letter of credit, bank guarantee
or banker&rsquo;s acceptance to the extent permitted under <U>Section 7.1</U>; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(u)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens that may arise by operation of law on Inventory or equipment in the ordinary course of business as a result of such
Inventory or equipment being located on premises owned by persons (including, without limitation, any client or supplier) other
than Lead Borrower or its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Person</U></FONT>&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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Plan</U>&rdquo;
has the meaning specified in <U>Section&nbsp;10.4(f)(iii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Platform</U></FONT>&rdquo;
means DebtX, Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Post-Closing
Appraisal Deadline</U>&rdquo; has the meaning specified in <U>Section&nbsp;6.6(d)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Post-Closing
Cash Management Deadline</U>&rdquo; has the meaning assigned to such term in <U>Section 6.14(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Post-Closing
Field Exam Deadline</U>&rdquo; has the meaning specified in <U>Section&nbsp;6.6(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Prime
Rate</U></FONT>&rdquo; means a rate per annum equal to the prime rate of interest announced from time to time by Citizens Bank
or its parent company (which is not necessarily the lowest rate charged to any customer), changing when and as said prime rate
changes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Pro
Forma Basis</U></FONT>&rdquo; means, with respect to any transaction, that such transaction shall be deemed to have occurred as
of the first day of the four-fiscal quarter period ending as of the most recent fiscal quarter end preceding the date of such transaction
for which financial statements have been (or are required to have been) delivered pursuant to <U>Section&nbsp;6.1(b)</U>. Each
of the terms &ldquo;<FONT STYLE="font-weight: normal"><U>Pro Forma Compliance</U></FONT>&rdquo; and &ldquo;<FONT STYLE="font-weight: normal"><U>Pro
Forma Effect</U></FONT>&rdquo; shall have an analogous meaning.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Protective
Advance</U>&rdquo; has the meaning assigned to such term <U>Section&nbsp;2.2(h)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Public
Lender</U></FONT>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;10.1(d)(i)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Qualified
Equity Interests</U></FONT>&rdquo; means, with respect to the Equity Interests of any Person, any Equity Interests other than Disqualified
Equity Interests of such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Quotation
Day</U></FONT>&rdquo; means, with respect to any LIBOR Borrowing and any Interest Period, the day that is two Business Days prior
to the first day of such Interest Period.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Recipient</U></FONT>&rdquo;
means the Administrative Agent, any Lender or any L/C&nbsp;Issuer, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Refinancing
Indebtedness</U></FONT>&rdquo; means Indebtedness of any Loan Party or its Subsidiaries arising after the Closing Date issued in
exchange for, or the proceeds of which are used to extend, refinance, refund, replace, renew, continue or substitute for other
Indebtedness (such extended, refinanced, refunded, replaced, renewed, continued or substituted Indebtedness, the &ldquo;<FONT STYLE="font-weight: normal"><U>Refinanced
Obligations</U></FONT>&rdquo;); <U>provided</U> that (a)&nbsp;the principal amount of such Refinancing Indebtedness shall not exceed
the principal amount of the Refinanced Obligations (<U>plus</U> any interest capitalized in connection with such Refinanced Obligations,
the amount of prepayment premium, if any, original issue discount, if any, and fees, costs, and expenses incurred in connection
therewith), (b)&nbsp;such Refinancing Indebtedness shall have a final maturity that is no earlier than the final maturity date
of such Refinanced Obligations, (c)&nbsp;such Refinancing Indebtedness shall have a Weighted Average Life to Maturity not less
than the weighted average life to maturity of the Refinanced Obligations, (d)&nbsp;such Refinancing Indebtedness shall rank in
right of payment no more senior than, and be subordinated (if subordinated) to the Secured Obligations on terms, taken as a whole,
not materially less favorable to the Secured Parties than the Refinanced Obligations, (e)&nbsp;as of the date of incurring such
Refinancing Indebtedness and upon giving effect thereto, no Default shall exist or have occurred and be continuing, (f)&nbsp;if
the Refinanced Obligations or any Guarantees thereof are unsecured, such Refinancing Indebtedness and any Guarantees thereof shall
be unsecured, (g)&nbsp;if the Refinanced Obligations or any Guarantees thereof are secured, (1)&nbsp;such Refinancing Indebtedness
and any Guarantees thereof shall be secured by substantially the same or less collateral, taken as a whole, as secured such Refinanced
Obligations or any Guarantees thereof, on terms, taken as a whole, not materially less favorable to the Secured Parties and (2)&nbsp;the
Liens to secure such Refinancing Indebtedness shall not have a priority, taken as a whole, more senior than the Liens securing
the Refinanced Obligations and if subordinated to any other Liens on such property, shall be subordinated, taken as a whole, to
the Administrative Agent&rsquo;s Liens on terms and conditions, taken as a whole, not materially less favorable to the Secured
Parties, and (h)&nbsp;the obligors in respect of the Refinanced Obligations immediately prior to such refinancing, refunding, extending,
renewing, continuing, substituting or replacing thereof shall be the only obligors on such Refinancing Indebtedness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Register</U></FONT>&rdquo;
has the meaning assigned to such term in <U>Section&nbsp;10.4(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Regulation
D</U></FONT>&rdquo; means Regulation D of the Board as from time to time in effect and any successor to all or a portion thereof
establishing reserve requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Regulation
T</U></FONT><U>, <FONT STYLE="font-weight: normal">U</FONT> or <FONT STYLE="font-weight: normal">X</FONT></U>&rdquo; means Regulation
T, U or X, respectively, of the Board, in each case as from time to time in effect and all official rulings and interpretations
thereunder or thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Related
Parties</U></FONT>&rdquo; means, with respect to any Person, such Person&rsquo;s Affiliates and the partners, members, directors,
officers, employees, agents, trustees, administrators, managers, advisors, attorneys-in-fact and representatives of such Person
and of such Person&rsquo;s Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Release</U>&rdquo;
means any actual or threatened releasing, spilling, leaking, pumping, pouring, leaching, seeping, emitting, migration, emptying,
discharging, injecting, escaping, depositing, disposing, or dumping of Hazardous Materials into the indoor or outdoor environment,
including the movement of any Hazardous Material through the air, soil, surface water, groundwater or property and any other conditions
resulting in potential or actual human exposure to Hazardous Materials within a structure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Relevant
Governmental Body</U>&rdquo; means the Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or
convened by the Board and/or the Federal Reserve Bank of New York or, in each case, any successor thereto.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Removal
Effective Date</U></FONT>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;9.6(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Request
for Credit Extension</U></FONT>&rdquo; means (a) with respect to a Borrowing, conversion or continuation of Loans (other than Swingline
Loans), a Committed Loan Notice, (b) with respect to a L/C Credit Extension, a Letter of Credit Application, and (c) with respect
to a Swingline Loan, a Swingline Loan Notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Required
Lenders</U></FONT>&rdquo; means, at any time, Lenders having Total Credit Exposures representing more than 50% of the Total Credit
Exposures of all Lenders; <U>provided</U> that if there are two or more Lenders (other than Defaulting Lenders) that are not Affiliates,
then at least two Lenders (other than Defaulting Lenders) that are not Affiliates shall be required to constitute Required Lenders.
The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Reserves</U>&rdquo;
means reserves in such amounts, and with respect to such matters, as the Administrative Agent shall deem necessary or appropriate
in its Permitted Discretion, against the Borrowing Base, including without limitation with respect to (i)&nbsp;price adjustments,
damages, unearned discounts, returned products or other matters for which credit memoranda are issued in the ordinary course of
any Loan Party&rsquo;s business; (ii)&nbsp;potential dilution related to Accounts; (iii)&nbsp;shrinkage, spoilage and obsolescence
of any Loan Party&rsquo;s Inventory; (iv)&nbsp;slow moving Inventory; (v)&nbsp;other sums chargeable against the Borrowers under
any provision of this Credit Agreement that the Borrowers have failed to pay when due; (vi)&nbsp;amounts owing by any Loan Party
to any Person to the extent secured by a Lien on, or trust over, any of the Collateral (other than a Lien permitted by <U>Section&nbsp;7.2(d)</U>
which is a permitted purchase money Lien or the interest of a lessor under a Finance Lease), which Lien or trust the Administrative
Agent reasonably determines likely would be&nbsp;<I>pari passu</I>&nbsp;with or have a priority superior to the Administrative
Agent&rsquo;s Liens in and to such item of the Collateral; (vii)&nbsp;amounts owing by any Loan Party in connection with Secured
Cash Management Obligations and Secured Swap Agreement Obligations; (viii) three months&rsquo; rent for any Material Inventory
Location or location in a Landlord Lien State, in either case with respect to which the Administrative Agent has not received a
Collateral Access Agreement, and (ix) such other specific events, conditions, contingencies or risks as to which the Administrative
Agent, in its Permitted Discretion, determines reserves should be established from time to time hereunder; <U>provided</U>, that,
notwithstanding anything in this Credit Agreement to the contrary, (x) no Reserve shall be established to the extent that it is
duplicative of any other Reserves or items that are otherwise excluded through the eligibility criteria set forth in the definitions
of Eligible Credit Card Receivables, Eligible Accounts, Eligible Inventory or Eligible In-Transit Inventory, as applicable, (y)
the amount of any Reserve shall have a reasonable relationship, as determined by the Administrative Agent in its Permitted Discretion,
to the event, condition, contingency or risk that is the basis therefor, and (z) any Reserve shall be eliminated or reduced to
the extent inconsistent with either or both of the foregoing clauses (x) and (y).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Resignation
Effective Date</U></FONT>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;9.6(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Resolution
Authority</U></FONT>&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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Responsible
Officer</U></FONT>&rdquo; means the chief executive officer, president, vice president, chief financial officer, treasurer, assistant
treasurer, chief operating officer or other similar officer of a Loan Party. Any document delivered hereunder that is signed by
a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership
and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on
behalf of such Loan Party.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Restricted
Payment</U></FONT>&rdquo; means, as to any Person, (a) any dividend or other distribution by such Person (whether in cash, securities
or other property) with respect to any Equity Interests of such Person, (b) any payment (whether in cash, securities or other property),
including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation
or termination of any such Equity Interest, or on account of any return of capital to the holders of Equity Interests of such Person,
(c) the acquisition for value by such Person of any Equity Interests issued by such Person or any other Person that Controls such
Person, (d) any payment with respect to any Earn&#45;Out Obligation, and (e) with respect to clauses (a) through (d) any transaction
that has a substantially similar effect. The amount of any Restricted Payment made other than in the form of cash or Cash Equivalents
shall be the fair market value thereof, as reasonably determined in good faith by Lead Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Revolving
Borrowing</U></FONT>&rdquo; means a Borrowing consisting of Revolving Loans of the same Type made, converted or continued on the
same date and, in the case of LIBOR Loans, as to which a single Interest Period is in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Revolving
Commitment</U></FONT>&rdquo; means, with respect to each Revolving Lender, the commitment hereunder of such Revolving Lender to
make Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans in an aggregate outstanding amount
not exceeding the amount of such Revolving Lender&rsquo;s Revolving Commitment as set forth on <U>Schedule&nbsp;2.1</U> or in the
Assignment and Assumption pursuant to which such Revolving Lender shall have assumed its Revolving Commitment in accordance with
<U>Section&nbsp;10.4(b)</U>, as applicable, as such Revolving Commitment may be adjusted from time to time pursuant to <U>Section&nbsp;2.5</U>
or <U>Section&nbsp;2.11</U> or pursuant to assignments by or to such Revolving Lender pursuant to <U>Section&nbsp;10.4</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Revolving
Credit Maximum Amount</U>&rdquo; means&nbsp;the aggregate amount of the Revolving Commitments at any time, as such amount may be
increased or reduced from time to time pursuant to the terms hereof. The initial Revolving Credit Maximum Amount on the Agreement
Date is $150,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Revolving
Exposure</U></FONT>&rdquo; means, as to any Lender at any time, the sum of (a) the Outstanding Amount of its Revolving Loans, <U>plus</U>
(b) its L/C Exposure, <U>plus</U> (c) its Swingline Exposure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Revolving
Facility</U></FONT>&rdquo; means the credit facility established hereunder and evidenced by the Revolving Commitments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Revolving
Lender</U></FONT>&rdquo; means a Lender having a Revolving Commitment or, if the Revolving Commitments have expired or terminated,
having Revolving Exposure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Revolving
Loan</U></FONT>&rdquo; means a loan referred to in <U>Section&nbsp;2.1(a)</U> and made pursuant to <U>Section&nbsp;2.2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Revolving
Loan Note</U></FONT>&rdquo; means with respect to a Revolving Lender, a promissory note evidencing the Revolving Loans of such
Lender payable to the order of such Lender (or, if required by such Lender, to such Lender and its registered assigns) substantially
in the form of <U>Exhibit D-1.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Revolving
Maturity Date</U></FONT>&rdquo; means the fifth anniversary of the Closing Date, <U>provided</U> that if such day is not a Business
Day, the Revolving Maturity Date shall be the Business Day immediately preceding such day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Rosenthal</U></FONT>&rdquo;
means Rosenthal &amp; Rosenthal, Inc.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Rosenthal
Collateral Assignment</U></FONT>&rdquo; means the Collateral Assignment of Rights Under Amended and Restated Deferred Purchase
Factoring Agreement, dated as of the Closing Date, by and among Lead Borrower, certain of Lead Borrower&rsquo;s Affiliates party
thereto, Rosenthal and the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Rosenthal
Collection Account</U></FONT>&rdquo; means the deposit account of Lead Borrower maintained at JPMorgan Chase Bank, N.A. and identified
to the Administrative Agent prior to the Closing Date, and any successor or replacement deposit account approved by the Administrative
Agent in accordance with <U>Section 7.11</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Rosenthal
Factoring Agreement</U></FONT>&rdquo; means the Amended and Restated Deferred Purchase Factoring Agreement, dated as of the date
hereof, by and among Lead Borrower, certain of Lead Borrower&rsquo;s Affiliates party thereto and Rosenthal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Rosenthal
Factoring Collateral</U></FONT>&rdquo; means each Rosenthal Purchased Receivable and the Inventory with respect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Rosenthal
Purchased Receivable</U></FONT>&rdquo; means a &ldquo;Purchased Receivable&rdquo; under, and as defined in, the Rosenthal Factoring
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Rosenthal
Referred Account</U></FONT>&rdquo; means a &ldquo;Referred Account&rdquo; under, and as defined in, the Rosenthal Factoring Agreement
(and excluding, for the avoidance of doubt, any &ldquo;Excluded Receivables&rdquo; under, and as defined in, the Rosenthal Factoring
Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>S&amp;P</U></FONT>&rdquo;
means S&amp;P Global Ratings or any successor thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Sale
and Leaseback</U></FONT>&rdquo; means any transaction or series of related transactions pursuant to which any Loan Party or any
of its Subsidiaries (a) Disposes of any property, real or personal, whether now owned or hereafter acquired, and (b) as part of
such transaction, thereafter rents or leases such property or other property that it intends to use for substantially the same
purpose or purposes as the property being Disposed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Sanctioned
Country</U>&rdquo; means any country, territory or region which is itself the subject of any comprehensive Sanctions (including,
at the time of the Agreement Date, the Crimean region of Ukraine, Cuba, Iran, North Korea and Syria).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Sanctioned
Person</U></FONT>&rdquo; means (a) any Person or group listed in any Sanctions related list of designated Persons maintained by
OFAC, including the List of Specially Designated Nationals and Blocked Persons, or the U.S. Department of State, the United Nations
Security Council, the European Union or any EU member state, (b) any legal entity organized or domiciled in a Sanctioned Country
in violation of Sanctions, (c) any agency, political subdivision or instrumentality of the government of a Sanctioned Country,
(d) any natural person ordinarily resident in a Sanctioned Country <FONT STYLE="background-color: white">in violation of Sanctions</FONT>,
or (e) any Person 50% or more owned, directly or indirectly, individually or in the aggregate by any of the above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Sanctions</U></FONT>&rdquo;
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government,
including those administered by OFAC or the U.S. Department of State or (b) the United Nations Security Council, the European Union
or any European Union member state, Her Majesty&rsquo;s Treasury of the United Kingdom or other relevant sanctions authority.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Secured
<FONT STYLE="font-weight: normal">Cash Management Obligations</FONT></U>&rdquo; means all obligations of the Loan Parties in respect
of any Cash Management Services provided to any Loan Party or its Subsidiaries (whether absolute or contingent and howsoever and
whenever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions
therefor)) that are (a) owed to the Administrative Agent or any of its Affiliates or (b) owed to a Lender or an Affiliate of a
Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Secured
Obligation Designation Notice</U></FONT>&rdquo; means a notice substantially in the form of <U>Exhibit J</U> executed and delivered
to the Administrative Agent by a counterparty (other than the Administrative Agent and its Affiliates) to a Swap Agreement or an
agreement to provide Cash Management Services in order that the obligations in respect thereof constitute Noticed Swap Agreement
Obligations or Noticed Cash Management Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Secured
Obligations</U></FONT>&rdquo; means, collectively, (a) the Loan Document Obligations, (b) the Secured Cash Management Obligations
and (c) the Secured Swap Agreement Obligations. Notwithstanding anything to the contrary contained herein or in any other Loan
Document, (x) obligations of any Loan Party under any Secured Cash Management Obligations or Secured Swap Agreement Obligations
shall be secured and guaranteed pursuant to the Loan Documents only to the extent that, and for so long as, the Loan Document Obligations
are so secured and guaranteed and (y) any release of Collateral, Borrowers or Guarantors effected in the manner permitted by this
Credit Agreement shall not require the consent of holders of obligations under any Secured Cash Management Obligations or Secured
Swap Agreement Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Secured
Parties</U></FONT>&rdquo; means, collectively, (a) the Administrative Agent, (b) each Lender, (c) each L/C&nbsp;Issuer, (d) each
Person to whom any Secured Cash Management Obligations are owed, (e) each counterparty to any Swap Agreement the obligations under
which constitute Secured Swap Agreement Obligations, (f) the beneficiaries of each indemnification obligation undertaken by any
Loan Party under any Loan Document and (g) the permitted successors and assigns of each of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Secured
<FONT STYLE="font-weight: normal">Swap Agreement Obligations</FONT></U>&rdquo; means all obligations of the Loan Parties under
each Swap Agreement to which any Loan Party or its Subsidiary is a party and that (a) is with a counterparty that is the Administrative
Agent or any of its Affiliates or (b) is with a counterparty that is a Lender or an Affiliate of a Lender, <U>provided</U> that
Secured Swap Agreement Obligations shall not include, with respect to any Guarantor, Excluded CEA Swap Obligations of such Guarantor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Security
Agreement</U></FONT>&rdquo; means the Pledge and Security Agreement, dated as of the Closing Date, among the Loan Parties and the
Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>SOFR</U>&rdquo;
with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York,
as the administrator of the benchmark (or a successor administrator), on the Federal Reserve Bank of New York&rsquo;s Website.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Sold
Entity or Business</U></FONT>&rdquo; means any Person or any property or assets constituting a line of business or a division of
a Person Disposed of in a transaction permitted hereunder by Lead Borrower and/or any of its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Solvency
Certificate</U></FONT>&rdquo; means a certificate, substantially in the form of <U>Exhibit I</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Solvent</U></FONT>&rdquo;
and &ldquo;<FONT STYLE="font-weight: normal"><U>Solvency</U></FONT>&rdquo; mean, with respect to any Person on any date of determination,
that on such date (a) the fair value of the present assets of such Person and its Subsidiaries, taken as a whole, is not less
than the sum of the debt (including contingent liabilities) of such Person and its Subsidiaries, taken as a whole, (b) the present
fair salable value of the assets of such Person and its Subsidiaries, taken as a whole, is not less than the amount that will
be required to pay the probable liabilities (including contingent liabilities) of such Person and its Subsidiaries, taken as a
whole, on their debts as they become absolute and matured, (c) the capital of such Person and its Subsidiaries, taken as a whole,
is not unreasonably small in relation to the business of such Person or its Subsidiaries, taken as a whole, contemplated as of
such date and (d) such Person and its Subsidiaries, taken as a whole, do not intend to incur, or believe that they will incur,
debts (including current obligations and contingent liabilities) beyond their ability to pay such debts as they mature in the
ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in light of
all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual
or matured liability<FONT STYLE="font-size: 10pt">.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Specified
Event of Default</U></FONT>&rdquo; means an Event of Default under any of (a) <U>Section&nbsp;8.1(a)</U> or <U>8.1(b)</U>, (b)
<U>Section&nbsp;8.1(d)</U> (with respect only to the covenants set forth in <U>Sections 6.1</U>,&nbsp;<U>6.14</U>, <U>6.15(a)</U>
and <U>7.12</U>), (c)&nbsp;<U>Section&nbsp;8.1(c)</U> (with respect only to any &ldquo;material inaccuracy&rdquo; of any representation
or warranty set forth in <U>Section 5.26</U> or <U>5.27</U> or in any Borrowing Base Certificate (other than any Administrative
Agent discretionary criteria); <U>provided</U> that a &ldquo;material inaccuracy&rdquo; for this purpose shall include any inaccuracy
that would cause Collateral comprising 5% or more of the Borrowing Base to become ineligible), and (d)&nbsp;<U>Section&nbsp;8.1(h)</U>,
<U>8.1(i)</U> or <U>8.1(j)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Specified
Transaction</U></FONT>&rdquo; means any Investment, Disposition, incurrence or repayment of Indebtedness, Restricted Payment or
Incremental Commitments that by the terms of this Credit Agreement requires a test to be calculated on a &ldquo;Pro Forma Basis&rdquo;,
be given in &ldquo;Pro Forma Compliance&rdquo; with, or after giving &ldquo;Pro Forma Effect&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Statutory
Reserve Rate</U></FONT>&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 <U>minus</U> the aggregate of the maximum reserve percentages (including any basic, marginal, special,
emergency, supplemental or other reserves) expressed as a decimal established by the Board to which the Administrative Agent is
subject for eurocurrency funding (currently referred to as &ldquo;eurocurrency liabilities&rdquo; in Regulation D). Such reserve
percentages shall include those imposed pursuant to Regulation D. LIBOR Loans 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Subordinated
Debt</U></FONT>&rdquo; means Indebtedness incurred by a Loan Party that is expressly subordinated in right of payment to the prior
payment of the Loan Document Obligations of such Loan Party and contains subordination and other terms reasonably acceptable to
the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Subordinated
Debt Documents</U></FONT>&rdquo; means any agreement, indenture or instrument pursuant to which any Subordinated Debt is issued,
in each case as amended, restated, supplemented and/or otherwise modified from time to time to the extent permitted under the Loan
Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>subsidiary</U></FONT>&rdquo;
means, with respect to any Person (&ldquo;<FONT STYLE="font-weight: normal"><U>Topco</U></FONT>&rdquo;), as of any date, any corporation,
limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of Topco
in Topco&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 entity of which securities
or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power is or, in the
case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held by Topco
or one or more subsidiaries of Topco.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Subsidiary</U></FONT>&rdquo;
means any direct or indirect subsidiary of Lead Borrower, unless the context clearly indicates otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Subsidiary
Guarantors</U></FONT>&rdquo; means each Subsidiary that executes and delivers the Guarantee Agreement or the HK Guarantee Agreement
and each other Subsidiary that becomes party thereto by the execution and delivery of a Subsidiary Joinder Agreement, and the permitted
successors and assigns of each such Person, excluding any Subsidiary that is expressly released from its obligations as a Subsidiary
Guarantor pursuant to the terms of this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Subsidiary
Joinder Agreement</U></FONT>&rdquo; means a Subsidiary Joinder Agreement, substantially in the form of <U>Exhibit F</U>, pursuant
to which a Subsidiary becomes a party to each applicable Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Supermajority
Lenders</U>&rdquo;&nbsp;means, at any time, Revolving Lenders having Revolving Commitments representing at least 67% of the total
Revolving Commitments of all Revolving Lenders and, following the termination of the Revolving Commitments, Revolving Lenders having
Revolving Exposures representing at least 67% of the total Revolving Exposures of all Revolving Lenders; <U>provided</U> that if
there are two or more Revolving Lenders (other than Defaulting Lenders) that are not Affiliates, then at least two Revolving Lenders
(other than Defaulting Lenders) that are not Affiliates shall be required to constitute Supermajority Lenders. The Revolving Commitments
and Revolving Exposure of any Defaulting Lender shall be disregarded in determining Supermajority Lenders at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Swap
Agreement</U></FONT>&rdquo; means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward
rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond
or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest
rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions,
cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of
any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed
by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject
to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives
Association, Inc., any International Foreign Exchange Master Agreement or any other master agreement (any such master agreement,
together with any related schedules, a &ldquo;<FONT STYLE="font-weight: normal">Master Agreement</FONT>&rdquo;), including any
such obligations or liabilities under any Master Agreement. For the avoidance of doubt, 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 Lead Borrower
or any of its Subsidiaries shall be deemed a Swap Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Swap
Termination Value</U></FONT>&rdquo; means, in respect of any one or more Swap Agreements, after taking into account the effect
of any legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date such Swap
Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b)
for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap
Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer
in such Swap Agreements (which may include a Lender or any Affiliate of a Lender).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Swingline
Exposure</U></FONT>&rdquo; means, with respect to any Revolving Lender at any time, its Applicable Percentage of the Outstanding
Amount of the Swingline Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Swingline
Lender</U></FONT>&rdquo; means Citizens Bank in its capacity as lender of Swingline Loans.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Swingline
Loan</U></FONT>&rdquo; means a loan referred to and made pursuant to <U>Section&nbsp;2.3</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Swingline
Loan Note</U></FONT>&rdquo; means with respect to the Swingline Lender, a promissory note evidencing the Swingline Loans of such
Lender payable to the order of such Lender (or, if required by such Lender, to such Lender and its registered assigns) substantially
in the form of <U>Exhibit D-2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Swingline
Loan Notice</U></FONT>&rdquo; means a notice of a Swingline Borrowing pursuant to <U>Section&nbsp;2.3(b)</U>, which, if in writing,
shall be substantially in the form of <U>Exhibit C-2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Swingline
Sublimit</U></FONT>&rdquo; means $22,500,000. The Swingline Sublimit is a sublimit of the Revolving Commitments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Synthetic
Debt</U></FONT>&rdquo; means, with respect to any Person as of any date of determination thereof, all obligations of such Person
in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including
any minority interest transactions that function primarily as a borrowing) but are not otherwise included in the definition of
&ldquo;Indebtedness&rdquo; or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance
with GAAP).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Synthetic
Lease Obligation</U></FONT>&rdquo; means the monetary obligation of a Person at any time of determination under (i) a so called
synthetic, off balance sheet or tax retention lease, or (ii) an agreement for the use or possession of property, in each case,
creating obligations that do not appear on the balance sheet of such Person but which could be characterized as the indebtedness
of such Person (without regard to accounting treatment) (other than operating leases arising as a result of Sale and Leaseback
transactions).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Taxes</U></FONT>&rdquo;
means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments,
fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Term SOFR</U>&rdquo;
means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Termination
Date</U></FONT>&rdquo; means the date upon which all Commitments have terminated, no Letters of Credit are outstanding (or if Letters
of Credit remain outstanding, the same are Backstopped), and the Loans and L/C Obligations (other than with respect to the undrawn
portion of outstanding Letters of Credit), together with all interest and fees related thereto and other Loan Document Obligations
(other than unasserted contingent indemnification and unasserted expense reimbursement obligations in each case not yet due and
payable), have been paid in full in cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Threshold
Amount</U></FONT>&rdquo; means $30,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Total
Assets</U></FONT>&rdquo; means, as of the date of determination, the total assets of Lead Borrower and its Subsidiaries on a consolidated
basis as of the last day of the fiscal quarter of Lead Borrower then most recently ended for which financial statements have been
(or are required to have been) delivered pursuant to <U>Section 6.1(b)</U>, determined in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Total
Credit Exposure</U></FONT>&rdquo; means, as to any Lender at any time, the unused Commitments and Revolving Exposure of such Lender
at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Total
Revolving Outstandings</U></FONT>&rdquo; means at any time, the aggregate Outstanding Amount of all Revolving Loans, Swingline
Loans and L/C Obligations at such time.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Trade
Date</U>&rdquo; has the meaning specified in <U>Section&nbsp;10.4(f)(i)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Trademark
Security Agreement</U></FONT>&rdquo; has the meaning set forth in the Security Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Transaction
Expenses</U></FONT>&rdquo; means any fees, costs or expenses incurred or paid by Lead Borrower or any Subsidiary in connection
with the Transactions, this Credit Agreement and the other Loan Documents, the <FONT STYLE="font-weight: normal">Rosenthal Factoring
Agreement and related documents, </FONT>and the transactions contemplated hereby and thereby in connection therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Transactions</U></FONT>&rdquo;
means (a) the execution, delivery and performance by each Loan Party of each Loan Document to which it is a party, (b) the borrowing
of the Loans and the issuance of the Letters of Credit, (c) the use of the proceeds of the Loans and the Letters of Credit, (d)
the satisfaction of the Collateral and Guarantee Requirement, and (e) the payment of Transaction Expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Type</U></FONT>&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 LIBOR Rate or the Alternate Base Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>UCP</U></FONT>&rdquo;
means the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce (&ldquo;<FONT STYLE="font-weight: normal">ICC</FONT>&rdquo;)
Publication No. 600 (or such later version thereof as may be in effect at the time of issuance).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>UK
Financial Institution</U></FONT>&rdquo; means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended
form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of
the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain
credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>UK
Resolution Authority</U></FONT>&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: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Unaudited
Financial Statements</U></FONT>&rdquo; means the Form 10-Q containing the unaudited consolidated balance sheet of Lead Borrower
and its Subsidiaries as of March 31, 2020, and the related audited consolidated statements of income, comprehensive income, cash
flows and shareholders&rsquo; equity of Lead Borrower and its Subsidiaries for the fiscal quarter ended on such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Unadjusted
Benchmark Replacement</U>&rdquo; means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Uniform
Commercial Code</U></FONT>&rdquo; or &ldquo;<FONT STYLE="font-weight: normal"><U>UCC</U></FONT>&rdquo; means the Uniform Commercial
Code as the same may from time to time be in effect in the State of New York; <U>provided</U> that, if perfection or the effect
of perfection or non-perfection or the priority of any security interest in any Collateral is governed by the Uniform Commercial
Code as in effect in a jurisdiction other than the State of New York, &ldquo;Uniform Commercial Code&rdquo; or &ldquo;UCC&rdquo;
means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof
relating to such perfection, effect of perfection or non-perfection or priority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>United
States</U></FONT>&rdquo; and &ldquo;<FONT STYLE="font-weight: normal"><U>U.S.</U></FONT>&rdquo; mean the United States of America.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Unreimbursed
Amount</U></FONT>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;2.4(c)(i)</U>.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>USA
PATRIOT Act</U></FONT>&rdquo; means The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept
and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>U.S.
Person</U></FONT>&rdquo; means any Person that is a &ldquo;United States Person&rdquo; as defined in Section&nbsp;7701(a)(30) of
the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>U.S.
Tax Compliance Certificate</U></FONT>&rdquo; has the meaning assigned to such term in <U>Section&nbsp;3.6(g)(v)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Weighted
Average Life to Maturity</U>&rdquo; means, when applied to any Indebtedness at any date, the number of years obtained by dividing:
(a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity
or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated
to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal
amount of such Indebtedness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Wholly-Owned</U></FONT>&rdquo;
means, with respect to a Subsidiary of a Person, a Subsidiary of such Person all of the outstanding Equity Interests of which (other
than (x) director&rsquo;s qualifying shares and (y) shares issued to foreign nationals to the extent required by applicable law)
are owned by such Person and/or by one or more wholly owned Subsidiaries of such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Withdrawal
Liability</U></FONT>&rdquo; means a liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Withholding
Agent</U></FONT>&rdquo; means any Loan Party and the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<FONT STYLE="font-weight: normal"><U>Write-Down
and Conversion Powers</U></FONT>&rdquo; means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down
and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers
of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability
of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that
liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument
is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of
the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Classification of Loans and Borrowings</U></FONT>. For purposes of this Credit Agreement, Loans may be classified and referred
to by Class (<U>e.g.</U>, a &ldquo;<U>Revolving Loan</U>&rdquo;) or by Type (<U>e.g.</U>, a &ldquo;<U>LIBOR Loan</U>&rdquo;) or
by Class and Type (<U>e.g.</U>, a &ldquo;<U>LIBOR Revolving Loan</U>&rdquo;). Borrowings may also be classified and referred to
by Class (<U>e.g.</U>, a &ldquo;<U>Revolving Borrowing</U>&rdquo;) or by Type (<U>e.g.</U>, a &ldquo;<U>LIBOR Borrowing</U>&rdquo;)
or by Class and Type (<U>e.g.</U>, a &ldquo;<U>LIBOR Revolving Borrowing</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Terms Generally</U></FONT>. 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;
In the computation of periods of time from a specified date to a later specified date, the word &ldquo;from&rdquo; means &ldquo;from
and including&rdquo;; the words &ldquo;to&rdquo; and &ldquo;until&rdquo; each mean &ldquo;to but excluding&rdquo;; and the word
&ldquo;through&rdquo; means &ldquo;to and including.&rdquo; Unless the context requires otherwise (a) 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, restated, supplemented or otherwise modified (subject to any restrictions on such amendments, restatements,
supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person&rsquo;s
successors and assigns, (c) the words &ldquo;herein,&rdquo; &ldquo;hereof&rdquo; and &ldquo;hereunder,&rdquo; and words of similar
import, shall be construed to refer to this Credit Agreement in its entirety and not to any particular provision hereof, (d) all
references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits
and Schedules to, this Credit Agreement, (e) any reference to any law or regulation herein shall, unless otherwise specified,
refer to such law or regulation as amended, modified or supplemented from time to time, and (f) 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. Any terms used in this Credit Agreement that
are defined in the UCC shall be construed and defined as set forth in the UCC unless otherwise defined herein; <U>provided</U>,
that to the extent that the UCC is used to define any term herein and such term is defined differently in different Articles of
the UCC, the definition of such term contained in Article&nbsp;9 of the UCC shall govern.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Accounting Terms; GAAP</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial
data (including financial ratios and other financial calculations) required to be submitted pursuant to this Credit Agreement shall
be prepared in conformity with, GAAP, except as otherwise specifically prescribed herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test or provision contained
in this Credit Agreement with respect to any period during which any Specified Transaction occurs, Consolidated EBITDA, Consolidated
Fixed Charges and the Consolidated Fixed Charge Coverage Ratio (and all component definitions of any of the foregoing) shall be
calculated with respect to such period (or within five Business Days thereafter) and all Specified Transactions occurring during
such period on a Pro Forma Basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If at any time any change in GAAP or in the application thereof would affect the computation of any financial ratio or requirement
set forth in any Loan Document, and either Lead Borrower or the Required Lenders shall so request, the Administrative Agent, the
Lenders and Lead Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof
in light of such change (subject to the approval of the Required Lenders); <U>provided</U> that, until so amended, (i) such ratio
or requirement shall continue to be computed in accordance with GAAP without giving effect to such change and (ii) the Borrowers
shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Credit Agreement
or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before
and after giving effect to such change. 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, and the determination of
Indebtedness hereunder, shall be made without giving effect to Financial Accounting Standards Board (FASB) Standard ASC 842 (Leases)
(or any other applicable financial accounting standard having a similar result or effect) and related interpretations, in each
case, to the extent any lease (or similar arrangement conveying the right to use) would be required to be treated as a capital
lease thereunder where such lease (or similar arrangement) would have been treated as an operating lease under GAAP as in effect
immediately prior to the effectiveness of ASC 842.</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Rounding</U>. Any financial ratios required to be maintained by the Borrowers pursuant to this Credit Agreement shall
be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number
of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up
if there is no nearest number).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>References to Time</U></FONT>. Unless the context otherwise requires, references to a time shall refer to Eastern Standard Time
or Eastern Daylight Savings Time, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Resolution of Drafting Ambiguities</U></FONT>. Each Loan Party acknowledges and agrees that it was represented by counsel in
connection with the execution and delivery of the Loan Documents to which it is a party, that it and its counsel reviewed and participated
in the preparation and negotiation hereof and thereof and that any rule of construction to the effect that ambiguities are to be
resolved against the drafting party shall not be employed in the interpretation hereof or thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Status of Loan Document Obligations</U></FONT>. In the event that any Loan Party shall at any time issue or have outstanding
any Subordinated Debt, the Borrowers shall take or cause each other Loan Party to take all such actions as shall be necessary to
cause the Loan Document Obligations to constitute senior indebtedness (however denominated) in respect of such Subordinated Debt
and to enable the Administrative Agent and the Lenders to have and exercise any payment blockage or other remedies available or
potentially available to holders of senior indebtedness under the terms of such Subordinated Debt. Without limiting the foregoing,
the Loan Document Obligations are hereby designated as &ldquo;senior indebtedness&rdquo; and as &ldquo;designated senior indebtedness&rdquo;
and words of similar import under and in respect of the Subordinated Debt Documents under which such Subordinated Debt is issued
and are further given all such other designations as shall be required under the terms of any such Subordinated Debt in order that
the Administrative Agent and the Lenders may have and exercise any payment blockage or other remedies available or potentially
available to holders of senior indebtedness under the terms of such Subordinated Debt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Interest; LIBOR Notification</U></FONT>. &nbsp;The interest rate on LIBOR Rate Loans is determined by reference to the LIBOR
Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the
rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017,
the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing
banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator,
the &ldquo;<U>IBA</U>&rdquo;) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that,
in the future, the London interbank offered rate may become unavailable or may no longer be deemed an appropriate reference rate
upon which to determine the interest rate on LIBOR Rate Loans. In light of this eventuality, public and private sector industry
initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank
offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances as
set forth in <U>Section 3.3</U>, an alternative rate of interest may be selected and implemented in accordance with the mechanism
contained in such Section. The Administrative Agent will notify Lead Borrower, pursuant to <U>Section 3.3</U> in advance of any
change to the reference rate upon which the interest rate on LIBOR Rate Loans is based. However, the Administrative Agent does
not warrant or accept responsibility for, nor shall the Administrative Agent have any liability with respect to, the administration,
submission or any other matter related to the rates in the definition of &ldquo;LIBOR Rate&rdquo; or with respect to any comparable
or successor rate thereto or replacement rate thereof (other than to apply the definition of such rate in accordance with its
terms and complying with its express obligations under this Credit Agreement, including <U>Section 3.3</U>), including, without
limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate, as it
may or may not be adjusted pursuant to <U>Section 3.3</U>, will be similar to, or produce the same value or economic equivalence
of, the LIBOR Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or
unavailability.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Divisions</U></FONT>. &nbsp;For all purposes under the Loan Documents, in connection with Division: (a) if any asset, right,
obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be
deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence,
such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests
at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Collection Agent</U></FONT>. &nbsp;Notwithstanding anything to the contrary in any Loan Document, Lead Borrower may from time
to time elect to replace Rosenthal with another collection agent (or similar service provider) for the Loan Parties&rsquo; Accounts
included in the Borrowing Base; <U>provided</U> that (i) such collection agent or service provider must be reasonably acceptable
to the Administrative Agent in its Permitted Discretion (considering factors including the financial condition, creditworthiness,
industry experience and relationships, and general business reputation of such Person and its Affiliates) and (ii) the collection
agency agreement (or similar agreement) between such collection agent or service provider and the Loan Parties that replaces the
Rosenthal Factoring Agreement must be reasonably acceptable to the Administrative Agent in its Permitted Discretion. If Lead Borrower
provides written notice of such election to the Administrative Agent and such replacement Person and agreement are so acceptable
to the Administrative Agent, then the Administrative Agent, the Lenders and Lead Borrower shall negotiate in good faith to promptly
amend, restate, supplement, replace and/or otherwise modify the provisions of this Credit Agreement and/or the other Loan Documents
(including the Rosenthal Collateral Assignment) as reasonably necessary to reflect such replacements (subject to approval by the
Required Lenders, such approval not to be unreasonably withheld, conditioned or delayed), with the parties to use commercially
reasonable efforts to preserve the original intent of the applicable Loan Documents and provisions thereof taking into account
such replacements. In no event shall the appointment of any such replacement of Rosenthal become effective prior to (x)&nbsp;the
approval of such Person and the replacement collection agency agreement (or similar agreement) by the Administrative Agent in accordance
with this <U>Section 1.11</U>, (y)&nbsp;the approval of the amendments, restatements, supplements, replacements and/or other modifications
of the Loan Documents as are contemplated by this <U>Section&nbsp;1.11</U>, and (z) the implementation of any changes to the Loan
Parties&rsquo; cash management structure reasonably required by the Administrative Agent in its Permitted Discretion in connection
with such replacement (including a replacement of the Rosenthal Collection Account and/or the Control Agreement with respect thereto).
For avoidance of doubt, the provisions of this <U>Section 1.11</U> shall also apply, <I>mutatis mutandis</I>, to subsequent replacements
of any such collection agent or service provider.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
2<BR>
<BR>
The Credits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Commitments; Reserves</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Revolving Commitments</U>. Subject to the terms and conditions hereof and relying upon the representations and warranties
herein set forth, each Revolving Lender agrees, severally and not jointly, to make Revolving Loans to the Borrowers in Dollars
from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Revolving Lender&rsquo;s
Revolving Exposure exceeding such Revolving Lender&rsquo;s Revolving Commitment, (ii) the Total Revolving Outstandings (other
than any Overadvances and Protective Advances to the extent permitted hereunder) exceeding the Line Cap, or (iii) the Total Revolving
Outstandings exceeding the Revolving Credit Maximum Amount. Within the foregoing limits and subject to the terms and conditions
set forth herein, the Borrowers may borrow, prepay and reborrow Revolving Loans. <FONT STYLE="background-color: white">Revolving
Loans may be </FONT>ABR Loans <FONT STYLE="background-color: white">or LIBOR Loans, as further provided herein.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Reserves</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent may establish or increase Reserves from time to time in its Permitted Discretion upon at least
three Business Days&rsquo; prior written notice to Lead Borrower, which notice shall include a reasonably detailed description
of such Reserve being established or increased (during which period (i) the Administrative Agent shall, if requested, discuss any
such Reserve or change with Lead Borrower and (ii) Lead Borrower may take such action as may be required so that the event, condition
or matter that is the basis for such Reserve or change thereto no longer exists or exists in a manner that would result in the
establishment of a lower Reserve or result in a lesser change thereto, in a manner and to the extent reasonably satisfactory to
the Administrative Agent); <U>provided</U> that no such prior notice shall be required for (w) changes to any Reserves resulting
solely by virtue of mathematical calculations of the amount of the Reserve in accordance with the methodology of calculation previously
utilized, (x) new or increased Reserves during the continuance of any Event of Default, (y) new or increased Reserves in respect
of Liens on Collateral which would be&nbsp;<I>pari passu</I>&nbsp;with or have a priority superior to the Administrative Agent&rsquo;s
Liens, or (z) any Reserves established or increased in accordance with <U>Section 2.1(b)(ii)</U> in respect of Rosenthal Purchased
Receivables. During such three Business Day period, no Credit Extensions shall be required to be made if, after giving pro forma
effect to such Reserve, such Credit Extensions would result in the Total Revolving Outstandings exceeding the Line Cap or a breach
of the applicable Financial Covenant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Lead Borrower shall notify the Administrative Agent in writing before any Loan Party sells any Account to Rosenthal pursuant
to the Rosenthal Factoring Agreement, and unless such Account is already excluded from the then current Borrowing Base by operation
of clause&nbsp;(g) of the definition of Eligible Account or otherwise, it is acknowledged and agreed that the Administrative Agent
may elect, in its Permitted Discretion, to establish a Reserve with respect to such Account becoming a Rosenthal Purchased Receivable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Borrowings, Conversions and Continuations of Loans</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrowing (other than a Swingline Borrowing which shall be made in accordance with <U>Section&nbsp;2.3</U>), each conversion
of Loans from one Type to the other, and each continuation of LIBOR Loans shall be made upon Lead Borrower&rsquo;s irrevocable
notice, on behalf of all of the Borrowers, to the Administrative Agent, which may be given by telephone. Each such notice must
be made in writing (or in the case of telephonic notice, promptly confirmed in writing) substantially in the form of a Committed
Loan Notice appropriately completed and signed by a Responsible Officer of Lead Borrower and received by the Administrative Agent
(i) in the case of an ABR Borrowing, not later than 11:00 a.m. on the date of the proposed Borrowing, or (ii) in the case of any
other Borrowing, not later than 11:00 a.m. three Business Days before the date of the proposed Borrowing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrowing or conversion of LIBOR Loans shall be in a principal amount of the Borrowing Minimum or a whole multiple
of the Borrowing Multiple in excess thereof. Each Committed Loan Notice (whether telephonic or written) shall specify (A) whether
the Borrowers are requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of LIBOR Loans,
(B) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (C) the
Class and principal amount of Loans to be borrowed, converted or continued, (D) the Type of Loans to be borrowed or to which existing
Loans are to be converted, (E) if applicable, the duration of the Interest Period with respect thereto which shall be a period
contemplated by the definition of the term &ldquo;Interest Period&rdquo;, and (F) the location and number of the account to which
funds are to be disbursed, which shall comply with the requirements of <U>Section&nbsp;2.2</U>. Notwithstanding anything in this
Credit Agreement to the contrary, if Lead Borrower:</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>requests a Borrowing of, conversion to, or continuation of LIBOR Loans in any such Committed Loan Notice, but fails to specify
an Interest Period, it will be deemed to have specified an Interest Period of one month; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>fails to specify a Type of Loan in a Committed Loan Notice or fails to give a timely notice requesting a conversion or continuation,
then the applicable Loans shall be made as, continued as, or converted to, ABR Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">For avoidance of doubt, the Borrowers
and Lenders acknowledge and agree that any conversion or continuation of an existing Loan shall be deemed to be a continuation
of that Loan with a converted interest rate methodology and not a new Loan. Any automatic conversion or continuation as provided
above shall be effective as of the last day of the Interest Period then in effect with respect to the applicable LIBOR Loans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Appropriate Lender of
the amount of its Applicable Percentage of the applicable Class of Loans, and if no timely notice of a conversion or continuation
is provided by Lead Borrower, the Administrative Agent shall notify each Appropriate Lender of the details of any automatic conversion
or continuation described in <U>Section&nbsp;2.2(b)</U>. In the case of each Borrowing, each Appropriate Lender shall make (or
cause its Applicable Lending Office to make) the amount of its Loan available to the Administrative Agent, by transfer in immediately
available funds to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders,
not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice. Upon satisfaction or waiver of
the applicable conditions set forth in <U>Section&nbsp;4.2</U> (and, if such Borrowing is the initial Credit Extension, <U>Section&nbsp;4.1</U>),
the Administrative Agent shall promptly make all funds so received available to the Borrowers in like funds as received by transfer
to the account designated in the Commitment Loan Notice the amount of such funds; <U>provided</U> that if, on the date the Committed
Loan Notice with respect to such Borrowing is given by Lead Borrower, there are Swingline Loans or L/C Borrowings outstanding,
then the proceeds of such Borrowing shall be applied first, to the payment in full of any such L/C Borrowings, second, to the payment
in full of any such Swingline Loans, and third, to the Borrowers as provided above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as otherwise provided herein, a LIBOR Loan may be continued or converted only on the last day of an Interest Period
for such Loan unless the Borrowers pay the amount due, if any, under <U>Section&nbsp;3.5</U> in connection therewith. During the
existence of an Event of Default, the Administrative Agent or the Required Lenders may require, upon notice, that (i) no Loans
may be requested as, converted to or continued as LIBOR Loans and (ii) unless repaid, each LIBOR Loan be converted to an ABR Loan
at the end of the Interest Period applicable thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent shall promptly notify Lead Borrower and the Appropriate Lenders of the interest rate applicable
to any Interest Period for LIBOR Loans upon determination of such interest rate. The determination of the Adjusted LIBOR Rate by
the Administrative Agent shall be conclusive in the absence of demonstrable error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Anything in clauses (a) through (d) above to the contrary notwithstanding, after giving effect to all Borrowings, all conversions
of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than five Interest
Periods in effect at any time for all Borrowings of LIBOR Loans.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> The failure of any Appropriate Lender to make any Loan required to be made by it shall not relieve any other Appropriate
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. All Borrowings made on the Closing Date must be made as ABR Borrowings
unless Lead Borrower shall have given a Committed Loan Notice requesting a LIBOR Borrowing and provided an indemnity letter in
form and substance reasonably satisfactory to the Administrative Agent extending the benefits of <U>Section&nbsp;3.5</U> to the
Appropriate Lenders in respect of such Borrowings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything herein to the contrary, following the occurrence of the Permanent Borrowing Base Trigger, the Administrative
Agent (in its capacity as the Swingline Lender) may, in its sole discretion and without any obligation to do so, make Swingline
Loans to or on behalf of the Borrowers in Dollars from time to time through the Revolving Maturity Date (i) at the request of Lead
Borrower (such Swingline Loan or Swingline Loans being herein referred to individually as an &ldquo;<U>Overadvance</U>&rdquo; and
collectively, as &ldquo;<U>Overadvances</U>&rdquo;) and/or (ii) following notice to and consultation with Lead Borrower (or at
any time without prior notice or consultation if an Event of Default has occurred and is continuing), if, in the case of this clause
(ii), the Administrative Agent, in its Permitted Discretion, deems that such Loans are necessary or desirable (A) to protect all
or any portion of the Collateral, (B) to enhance the likelihood, or maximize the amount of, repayment of the Loans and the other
Secured Obligations, or (C) to pay any other amount chargeable to the Borrowers pursuant to this Credit Agreement (such Swingline
Loan or Swingline Loans being herein referred to individually as an &ldquo;<U>Protective Advance</U>&rdquo; and collectively, as
&ldquo;<U>Protective Advances</U>&rdquo;), in each case of the foregoing clauses (i) and (ii) regardless of whether the conditions
precedent set forth in <U>Section 4.2</U> may be satisfied with respect to such Borrowing; <U>provided</U>, <U>however</U>, that
(w) the aggregate amount of Overadvances and Protective Advances outstanding at any time shall not exceed the lesser of (1) 10%
of the Borrowing Base or (2) $15,000,000, (x) unless otherwise consented to by Required Lenders, and notwithstanding anything in
<U>Section 2.3</U> to the contrary, Overadvances and Protective Advances shall not be outstanding for more than 60 consecutive
days, (y) unless otherwise consented to by all Lenders, no Overadvances or Protective Advances shall be permitted to the extent
that such Overadvances or Protective Advances would cause the Total Revolving Outstandings to exceed the Revolving Credit Maximum
Amount, and (z) the Required Lenders may at any time revoke the Administrative Agent&rsquo;s authority to make further Overadvances
(but not Protective Advances) by written notice to the Administrative Agent (with a copy to Lead Borrower), which revocation shall
become effective prospectively upon the Administrative Agent&rsquo;s receipt thereof. The Administrative Agent may, in its sole
discretion, require any permitted Overadvance or Protective Advance to be made as Revolving Loans directly by the Revolving Lenders
in accordance with their respective Applicable Percentages. All Overadvances and Protective Advances shall be repaid on demand,
shall be secured by the Collateral and shall bear interest as provided in this Credit Agreement for Swingline Loans or Revolving
Loans, as the case may be, generally. For the avoidance of doubt, each Revolving Lender shall automatically acquire a risk participation
in each such Overadvance and Protective Advance that is made as a Swingline Loan to the same extent as each other Swingline Loan,
and the Swingline Lender shall have the right to refinance any such Overadvance or Protective Advance (by a Revolving Borrowing
or by requiring the funding of such risk participations) in accordance with <U>Section 2.3(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Swingline Loans</U></FONT></FONT>.<FONT STYLE="font-size: 10pt">(a)<U>The Swingline</U>. Subject to the terms and conditions
hereof and relying upon the representations and warranties herein set forth and upon the agreements of the Revolving Lenders set
forth in this <U>Section&nbsp;2.3</U>, the Swingline Lender may in its sole discretion and without any obligation to do so make
Swingline Loans to the Borrowers in Dollars from time to time on any Business Day after the making of the initial Revolving Loans
through the seventh Business Day preceding the Revolving Maturity Date; <U>provided</U> that after giving effect to each Swingline
Loan, (i) the aggregate Outstanding Amount of Swingline Loans (other than any Overadvances and Protective Advances to the extent
permitted hereunder) shall not exceed the Swingline Sublimit, (ii) the Total Revolving Outstandings (other than any Overadvances
and Protective Advances to the extent permitted hereunder) shall not exceed the Line Cap, and (iii) the Total Revolving Outstandings
shall not exceed the Revolving Credit Maximum Amount; <U>provided</U>, <U>further</U>, that the Borrowers shall not use the proceeds
of any Swingline Loan to refinance any outstanding Swingline Loan. Within the foregoing limits, and subject to the other terms
and conditions hereof, the Borrowers may borrow under this <U>Section&nbsp;2.3</U>, prepay under <U>Section&nbsp;2.7</U>, and
reborrow under this <U>Section&nbsp;2.3</U>.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Borrowing Procedures</U>. Each Swingline Borrowing shall be made upon Lead Borrower&rsquo;s irrevocable notice, on behalf
of all of the Borrowers, to the Swingline Lender, which may be given by telephone. Each such notice must be received by the Swingline
Lender not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, (ii) the requested
borrowing date, which shall be a Business Day and (iii) the maturity date of the requested Swingline Loan which shall be not later
than ten Business Days after the making of such Swingline Loan. Each such telephonic notice must be confirmed promptly by hand
delivery or facsimile (or transmitted by electronic communication, if arrangements for doing so have been approved by the Swingline
Lender and the Administrative Agent) of a written Swingline Loan Notice to the Swingline Lender and the Administrative Agent, appropriately
completed and signed by a Responsible Officer of Lead Borrower. Promptly after receipt by the Swingline Lender of any telephonic
Swingline Loan Notice, the Swingline Lender will, if it is willing to make the requested Swingline Loan and provided that all applicable
conditions in <U>Section&nbsp;4.2</U> are satisfied or waived, not later than 3:00 p.m. on the borrowing date specified in such
Swingline Loan Notice, make the amount of its Swingline Loan available to the Borrowers by crediting the account maintained with
the Swingline Lender and notify the Administrative Agent thereof in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Refinancing of Swingline Loans</U>. <STRIKE>(i)</STRIKE>(i) The Swingline Lender at any time in its sole and absolute
discretion may request, on behalf of the Borrowers (which hereby irrevocably authorizes the Swingline Lender to so request on its
behalf), that each Revolving Lender make an ABR Revolving Loan in Dollars in an amount equal to such Revolving Lender&rsquo;s Applicable
Percentage of the amount of Swingline Loans then outstanding. Such request shall be made in writing (which written request shall
be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with the requirements of <U>Section&nbsp;2.2</U>,
without regard to the minimum and multiples specified therein for the principal amount of ABR Loans. Each Revolving Lender shall
make an amount equal to its Applicable Percentage of the amount specified in such Committed Loan Notice available to the Administrative
Agent in immediately available funds in Dollars for the account of the Swingline Lender at the Administrative Agent&rsquo;s Payment
Office not later than 1:00 p.m. on the day specified in such Committed Loan Notice, whereupon, subject to <U>Section&nbsp;2.3(c)(ii)</U>,
each Revolving Lender that so makes funds available shall be deemed to have made an ABR Revolving Loan to the Borrowers in such
amount. The Administrative Agent shall remit the funds so received to the Swingline Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If for any reason any Swingline Loan cannot be refinanced by a Revolving Borrowing in accordance with <U>Section&nbsp;2.3(c)(i)</U>,
the request for ABR Revolving Loans submitted by the Swingline Lender as set forth therein shall be deemed to be a request by the
Swingline Lender that each of the Revolving Lenders purchase for cash a risk participation in the relevant Swingline Loan in Dollars
and each Revolving Lender hereby irrevocably and unconditionally agrees to make such purchase in an amount equal to the product
of such Revolving Lender&rsquo;s Applicable Percentage <U>multiplied by</U> the amount of such Swingline Loan. Each Revolving Lender&rsquo;s
payment to the Administrative Agent for the account of the Swingline Lender pursuant to <U>Section&nbsp;2.3(c)(i)</U> shall be
deemed payment in respect of such participation.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> If any Revolving Lender fails to make available to the Administrative Agent for the account of the Swingline Lender any
amount required to be paid by such Revolving Lender pursuant to the foregoing provisions of this <U>Section&nbsp;2.3(c)</U> by
the time specified in <U>Section&nbsp;2.3(c)(i)</U>, the Swingline Lender shall be entitled to recover from such Revolving Lender
(acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment
is required to the date on which such payment is immediately available to the Swingline Lender at the greater of the Federal Funds
Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.
A certificate of the Swingline Lender submitted to any Revolving Lender (through the Administrative Agent) with respect to any
amounts owing under this clause (iii) shall be conclusive absent manifest error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Revolving Lender&rsquo;s obligation to make Revolving Loans or to purchase and fund risk participations in Swingline
Loans pursuant to this <U>Section&nbsp;2.3(c)</U> shall be absolute and unconditional and shall not be affected by any circumstance,
<U>provided</U> that each Revolving Lender&rsquo;s obligation to make Revolving Loans (but not to purchase and fund risk participations
in Swingline Loans) pursuant to this <U>Section&nbsp;2.3(c)</U> is subject to the conditions set forth in <U>Section&nbsp;4.2</U>.
No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrowers to repay Swingline Loans,
together with interest as provided herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Repayment of Participations</U>. <STRIKE>(i)</STRIKE>(i) At any time after any Revolving Lender has purchased and funded
a risk participation in a Swingline Loan, if the Swingline Lender receives any payment on account of such Swingline Loan, the Swingline
Lender will distribute to such Revolving Lender its Applicable Percentage of such payment (appropriately adjusted, in the case
of interest payments, to reflect the period of time during which such Revolving Lender&rsquo;s risk participation was funded) in
the same funds as those received by the Swingline Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If any payment received by the Swingline Lender in respect of principal or interest on any Swingline Loan is required to
be returned by the Swingline Lender under any of the circumstances described in <U>Section&nbsp;10.11</U> (including pursuant to
any settlement entered into by the Swingline Lender in its discretion), each Revolving Lender shall pay to the Swingline Lender
its Applicable Percentage thereof on demand by the Administrative Agent, <U>plus</U> interest thereon from the date of such demand
to the date such amount is returned, at a rate per annum equal to the Federal Funds Effective Rate. The Administrative Agent will
make such demand upon the request of the Swingline Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Interest for Account of Swingline Lender</U>. Until each Revolving Lender funds its ABR Revolving Loan or risk participation
pursuant to this <U>Section&nbsp;2.3</U> to refinance such Revolving Lender&rsquo;s Applicable Percentage of any Swingline Loan,
interest in respect of such Applicable Percentage shall be solely for the account of the Swingline Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payments Directly to Swingline Lender</U>. The Borrowers shall make all payments of principal and interest in respect
of the Swingline Loans directly to the Swingline Lender and the Swingline Lender shall notify the Administrative Agent thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Letters of Credit</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>The Letter of Credit Commitment</U>. <STRIKE>(i)</STRIKE>(i) Subject to the terms and conditions hereof and of any additional
Letter of Credit Documents required by the applicable L/C&nbsp;Issuer and relying upon the representations and warranties herein
set forth (A) based upon the agreements of the Revolving Lenders set forth in this <U>Section&nbsp;2.4</U>, each L/C&nbsp;Issuer
agrees (1) from time to time on any Business Day during the Availability Period to issue
Letters of Credit denominated in Dollars for the account of a Borrower (<U>provided</U> that any Letter of Credit may be for the
joint account of a Borrower and any Subsidiary of a Borrower) and to amend or renew Letters of Credit previously issued by it,
in accordance with <U>Section&nbsp;2.4(b)</U>, and (2) to honor conforming drafts under the Letters of Credit and (B) the Revolving
Lenders severally agree to participate in Letters of Credit issued pursuant to this <U>Section&nbsp;2.4</U>; <U>provided</U> that
no L/C&nbsp;Issuer shall be obligated to make any L/C Credit Extension with respect to any Letter of Credit, and no Revolving Lender
shall be obligated to participate in any such Letter of Credit if immediately after giving effect to such L/C Credit Extension,
(w) the aggregate L/C Obligations would exceed the L/C Sublimit, (x) the Revolving Exposure of any Revolving Lender would exceed
such Revolving Lender&rsquo;s Revolving Commitment, (y) the Total Revolving Outstandings (other than any Overadvances and <FONT STYLE="font-size: 10pt">Protective
Advances to the extent permitted hereunder) would exceed the Line Cap, or (z) the Total Revolving Outstandings would exceed the
Revolving Credit Maximum Amount.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each L/C&nbsp;Issuer shall be under no obligation to issue any Letter of Credit (and, in the case of <U>clauses (B)</U>,
<U>(C)</U> or <U>(D)</U> below, shall not issue any Letter of Credit) if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(A)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain
such L/C&nbsp;Issuer from issuing such Letter of Credit, or any law applicable to such L/C&nbsp;Issuer or any directive (whether
or not having the force of law) from any Governmental Authority with jurisdiction over such L/C&nbsp;Issuer shall prohibit, or
direct that such L/C&nbsp;Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular
or shall impose upon such L/C&nbsp;Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement
(for which such L/C&nbsp;Issuer is not otherwise compensated hereunder) not in effect on the Agreement Date, or shall impose upon
such L/C&nbsp;Issuer any unreimbursed loss, cost or expense which was not applicable on the Agreement Date (for which such L/C&nbsp;Issuer
is not otherwise compensated hereunder);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(B)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>subject to <U>Section&nbsp;2.4(b)(iii)</U>, the expiry date of such requested Letter of Credit would occur more than 12
months after the date of issuance or last renewal;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(C)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date (unless and except
for so long as such Letter of Credit is Backstopped);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(D)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the proceeds of which would be made available to any Person (i) to fund any activity or business of or with any Sanctioned
Person, or in any Sanctioned Country, in violation of Sanctions or (ii) in any manner that would result in a violation of any Sanctions
by any party to this Credit Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(E)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the issuance of such Letter of Credit would violate one or more policies of such L/C&nbsp;Issuer applicable to letters of
credit generally or any laws binding upon such L/C&nbsp;Issuer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(F)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Letter of Credit is to be denominated in a currency other than Dollars;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(G)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Revolving Lender is at that time a Defaulting Lender, unless such L/C&nbsp;Issuer has entered into arrangements, including
the delivery of Cash Collateral, satisfactory to such L/C&nbsp;Issuer (in its sole discretion) with the Borrowers or such</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify">Defaulting Lender to eliminate such
L/C&nbsp;Issuer&rsquo;s actual or potential Fronting Exposure (after giving effect to <U>Section&nbsp;2.10(a)(iv)</U>) with respect
to such Defaulting Lender arising from either the Letter of Credit then proposed to be issued or such Letter of Credit and all
other L/C Obligations as to which such L/C&nbsp;Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(H)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Letter of Credit is in an initial amount less than $25,000 (or such lesser amount as agreed to by such L/C&nbsp;Issuer
and the Administrative Agent).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No L/C&nbsp;Issuer shall be under any obligation to amend any Letter of Credit if (A) such L/C&nbsp;Issuer would have no
obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such
Letter of Credit does not accept the proposed amendment to such Letter of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Procedures for Issuance and Amendment of Letters of Credit; Auto-Renewal Letters of Credit</U>. <STRIKE>(i)</STRIKE>(i)
Each Letter of Credit shall be issued or amended, as the case may be, upon the request of Lead Borrower, on behalf of all of the
applicable Borrowers, hand delivered or sent by facsimile (or transmitted by electronic communication, if arrangements for doing
so have been approved by the applicable L/C&nbsp;Issuer) to the applicable L/C&nbsp;Issuer (with a copy to the Administrative Agent)
in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of Lead Borrower. Such
Letter of Credit Application must be received by the applicable L/C&nbsp;Issuer and the Administrative Agent not later than 1:00
p.m. at least three Business Days prior to the proposed issuance date or date of amendment, as the case may be; or, in each case,
such later date and time as the applicable L/C&nbsp;Issuer may agree in a particular instance in its sole discretion. In the case
of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail
reasonably satisfactory to the applicable L/C&nbsp;Issuer: (A) the proposed issuance date of the requested Letter of Credit (which
shall be a Business Day), (B) the amount thereof, (C) the expiry date thereof, (D) the name and address of the beneficiary thereof,
(E) the documents to be presented by such beneficiary in case of any drawing thereunder, (F) the full text of any certificate to
be presented by such beneficiary in case of any drawing thereunder, and (G) such other matters as the applicable L/C&nbsp;Issuer
may reasonably request. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application
shall specify in form and detail reasonably satisfactory to the applicable L/C&nbsp;Issuer (1) the Letter of Credit to be amended,
(2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment, and (4) such
other matters as the applicable L/C&nbsp;Issuer may reasonably request consistent with the terms of this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Subject to the terms and conditions set forth herein, the applicable L/C Issuer shall, on the requested date, issue a Letter
of Credit for the account of the applicable Borrower (or the applicable Borrower and the applicable Subsidiary) or enter into the
applicable amendment, as the case may be. Immediately upon the issuance of each Letter of Credit, each Revolving Lender shall be
deemed to have, and hereby irrevocably and unconditionally agrees to, acquire from the applicable L/C Issuer a risk participation
in such Letter of Credit in an amount equal to such Revolving Lender&rsquo;s Applicable Percentage of the aggregate amount available
to be drawn under such Letter of Credit. Each Lender acknowledges and agrees that its obligation to acquire risk participations
pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance
whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default
or reduction or termination of the Commitments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If Lead Borrower so requests in any applicable Letter of Credit Application, the applicable L/C&nbsp;Issuer shall agree
to issue a Letter of Credit that has automatic </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">renewal provisions (each, an
&ldquo;<U>Auto-Renewal Letter of Credit</U>&rdquo;); <U>provided</U> that any such Auto-Renewal Letter of Credit must permit the
applicable L/C&nbsp;Issuer to prevent any such renewal at least once in each twelve-month period (commencing with the date of
issuance of such Auto-Renewal Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the &ldquo;<U>Nonrenewal
Notice Date</U>&rdquo;) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless
otherwise directed by the applicable L/C&nbsp;Issuer, Lead Borrower shall not be required to make a specific request to such L/C&nbsp;Issuer
for any such renewal. Once an Auto-Renewal Letter of Credit has been issued, the Revolving Lenders shall be deemed to have authorized
(but may not require) the applicable L/C&nbsp;Issuer to permit the renewal of such Auto-Renewal Letter of Credit from time to
time to an expiry date not later than the Letter of Credit Expiration Date (unless and except for so long as such Letter of Credit
is Backstopped); <U>provided</U> that such L/C&nbsp;Issuer shall not permit any such renewal if (A) such L/C&nbsp;Issuer has determined
that it would have no obligation at such time to issue such Letter of Credit in its renewed form under the terms hereof (by reason
of the provisions of <U>Section&nbsp;2.4(a)(ii)</U> or otherwise), or (B) it has received notice (which may be by telephone, followed
promptly in writing, or in writing) on or before the day that is five Business Days before the applicable Nonrenewal Notice Date
from the Administrative Agent or any Revolving Lender, as applicable, or Lead Borrower that one or more of the applicable conditions
specified in <U>Section&nbsp;4.2</U> is not then satisfied.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect
thereto or to the beneficiary thereof, the applicable L/C&nbsp;Issuer will also deliver to Lead Borrower and the Administrative
Agent a true and complete copy of such Letter of Credit or amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Drawings and Reimbursements; Funding of Participations</U>. <STRIKE>(i)</STRIKE>(i) Upon receipt from the beneficiary
of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable L/C&nbsp;Issuer shall notify promptly
Lead Borrower and the Administrative Agent thereof. On the Business Day on which Lead Borrower shall have received notice of any
payment by the applicable L/C&nbsp;Issuer under a Letter of Credit or, if Lead Borrower shall have received such notice later than
12:00 p.m. on any Business Day, on the succeeding Business Day (such applicable Business Day, the &ldquo;<U>L/C Honor Date</U>&rdquo;),
the Borrowers shall (regardless of whether or not such Letter of Credit shall be for the sole account of a Borrower or for the
joint account of a Borrower and any Subsidiary) reimburse such L/C&nbsp;Issuer through the Administrative Agent in an amount equal
to such drawing in Dollars. If the Borrowers fail to so reimburse the applicable L/C&nbsp;Issuer on the L/C Honor Date (or if any
such reimbursement payment is required to be refunded to the Borrowers for any reason), then (x) the Borrowers shall be deemed
to have requested a Borrowing of ABR Revolving Loans in the amount of such drawing, and (y) the Administrative Agent shall promptly
notify each Revolving Lender of the L/C Honor Date, the amount of the unreimbursed drawing (the &ldquo;<U>Unreimbursed Amount</U>&rdquo;),
and the amount of such Revolving Lender&rsquo;s Applicable Percentage thereof. Any notice given by any L/C&nbsp;Issuer or the Administrative
Agent pursuant to this <U>Section&nbsp;2.4(c)(i)</U> may be given by telephone if immediately confirmed in writing; <U>provided</U>
that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. For the avoidance
of doubt, if any drawing occurs under a Letter of Credit and such drawing is not reimbursed on the same day, the Unreimbursed Amount
of such drawing shall, without duplication, accrue interest for each day until the date of reimbursement at (x) prior to the third
Business Day following the L/C Honor Date, the rate per annum applicable to the outstanding principal balance of ABR Revolving
Loans pursuant to <U>Section&nbsp;3.1(a)</U>, and (y) thereafter, a rate per annum equal to the Default Rate applicable to the
outstanding principal balance of ABR Revolving Loans.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Each Revolving Lender (including the Revolving Lender acting as the applicable L/C&nbsp;Issuer) shall upon any notice pursuant
to <U>Section&nbsp;2.4(c)(i)</U> make funds available to the Administrative Agent for the account of the applicable L/C&nbsp;Issuer
at the Administrative Agent&rsquo;s Payment Office in an amount equal to its Applicable Percentage of any Unreimbursed Amount in
respect of a Letter of Credit in Dollars not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative
Agent. The Administrative Agent shall remit the funds so received to the applicable L/C&nbsp;Issuer, and may apply Cash Collateral
provided for this purpose to such Unreimbursed Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Revolving Lender that makes funds available pursuant to <U>Section&nbsp;2.4(c)(ii)</U> shall be deemed to have made
an ABR Revolving Loan in Dollars to the Borrowers in such amount, <U>provided</U> that in the event the conditions for Revolving
Borrowings set forth in <U>Section&nbsp;4.2</U> cannot be satisfied (and have not been waived) or for any other reason, then (A)
the Borrowers shall be deemed to have incurred from the applicable L/C&nbsp;Issuer a L/C Borrowing in Dollars in the amount of
the Unreimbursed Amount, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest
at the Default Rate, and (B) such Revolving Lender shall be deemed to have purchased a participation in such L/C Borrowing in an
amount equal to its Applicable Percentage thereof (a &ldquo;<U>L/C&nbsp;Advance</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Until each Revolving Lender funds its Revolving Loan or L/C&nbsp;Advance pursuant to this <U>Section&nbsp;2.4(c)</U> to
reimburse the applicable L/C&nbsp;Issuer for any amount drawn under any Letter of Credit, interest in respect of such Revolving
Lender&rsquo;s Applicable Percentage of such amount shall be solely for the account of the applicable L/C&nbsp;Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Revolving Lender&rsquo;s obligation to make Revolving Loans or L/C&nbsp;Advances to reimburse the applicable L/C&nbsp;Issuer
for amounts drawn under Letters of Credit, as contemplated by this <U>Section&nbsp;2.4(c)</U>, shall be absolute and unconditional
and shall not be affected by any circumstance; <U>provided</U> that each Revolving Lender&rsquo;s obligation to make Revolving
Loans (but not L/C&nbsp;Advances) pursuant to this <U>Section&nbsp;2.4(c)</U> is subject to the conditions set forth in <U>Section&nbsp;4.2</U>
(other than delivery by Lead Borrower of a Committed Loan Notice). No such making of a L/C&nbsp;Advance shall relieve or otherwise
impair the obligation of the Borrowers to reimburse the applicable L/C&nbsp;Issuer for the amount of any payment made by the applicable
L/C&nbsp;Issuer under any Letter of Credit, together with interest as provided herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If any Revolving Lender fails to make available to the Administrative Agent for the account of the applicable L/C&nbsp;Issuer
any amount required to be paid by such Revolving Lender pursuant to the foregoing provisions of this <U>Section&nbsp;2.4(c)</U>
by the time specified in <U>Section&nbsp;2.4(c)(ii)</U>, such L/C&nbsp;Issuer shall be entitled to recover from such Revolving
Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such
payment is required to the date on which such payment is immediately available to such L/C&nbsp;Issuer at the greater of the Federal
Funds Effective Rate and a rate determined by such L/C Issuer in accordance with banking industry rules on interbank compensation.
A certificate of the applicable L/C&nbsp;Issuer submitted to any Revolving Lender (through the Administrative Agent) with respect
to any amounts owing under this <U>Section&nbsp;2.4(c)(vi)</U> shall be conclusive absent manifest error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If, at any time after the applicable L/C&nbsp;Issuer has made a payment under any Letter of Credit and has received from
any Revolving Lender such Revolving Lender&rsquo;s L/C&nbsp;Advance in respect of such payment in accordance with this <U>Section&nbsp;2.4(c)</U>,
the Administrative Agent receives for the account of such Revolving Lender any payment in respect of the related Unreimbursed Amount
or interest thereon (whether directly from the Borrowers or otherwise, including proceeds
of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Lender
its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during
which such Revolving Lender&rsquo;s L/C&nbsp;Advance was outstanding) in the same funds as those received by the Administrative
Agent.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If any payment received by the Administrative Agent for the account of the applicable L/C&nbsp;Issuer pursuant to <U>Section&nbsp;2.4(c)</U>
is required to be returned under any of the circumstances described in <U>Section&nbsp;10.11</U>, each Revolving Lender shall pay
to the Administrative Agent its Applicable Percentage thereof on demand of the Administrative Agent, <U>plus</U> interest thereon
from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to the Federal
Funds Effective Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Obligations Absolute</U>. The obligation of the Borrowers to reimburse the applicable L/C&nbsp;Issuer for each drawing
under each Letter of Credit issued by it and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and
shall be paid strictly in accordance with the terms of this Credit Agreement under all circumstances, including the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any lack of validity or enforceability of such Letter of Credit, this Credit Agreement, or any other agreement or instrument
relating thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the existence of any claim, counterclaim, setoff, defense or other right that any Loan Party may have at any time against
any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee
may be acting), such L/C&nbsp;Issuer or any other Person, whether in connection with this Credit Agreement, the transactions contemplated
hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent,
invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay
in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any payment by the applicable L/C&nbsp;Issuer under such Letter of Credit against presentation of a draft or certificate
that does not strictly comply with the terms of such Letter of Credit, or any payment made by the applicable L/C&nbsp;Issuer under
such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of
creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of
Credit, including any arising in connection with (x) any proceeding under any Debtor Relief Law or (y) any Bail-In Action;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any exchange, release or non-perfection of any Collateral, or any release or amendment or waiver of or consent to departure
from the Guarantee Agreement, the HK Guarantee Agreement or any other guarantee, for all or any of the Loan Document Obligations
of any Loan Party in respect of such Letter of Credit; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance
that might otherwise constitute a defense available to, or a discharge of, any Loan Party;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><U>provided</U> that the foregoing shall
not excuse the applicable L/C&nbsp;Issuer from liability to the Borrowers to the extent of any direct damages (as opposed to special,
indirect, consequential or punitive damages, claims in respect of which are waived by the Borrowers to the extent permitted by
applicable law) suffered by the Borrowers that are caused by such L/C&nbsp;Issuer&rsquo;s bad faith, gross negligence or willful
misconduct when determining whether drafts and other documents presented under a Letter of Credit, subject to the terms of <U>Section&nbsp;2.4(e)</U>
below, comply with the terms thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Role of L/C&nbsp;Issuer</U>. Each Lender and each Borrower agree that, in paying any drawing under a Letter of Credit,
the applicable L/C&nbsp;Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates
and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such
document or the authority of the Person executing or delivering any such document. None of the applicable L/C&nbsp;Issuer, any
of its Related Parties nor any of the correspondents, participants or assignees of such L/C&nbsp;Issuer shall be liable to any
Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Required Lenders,
(ii) any action taken or omitted in the absence of bad faith, gross negligence or willful misconduct; or (iii) the due execution,
effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit Application.
Each Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any
Letter of Credit; <U>provided</U> that this assumption is not intended to, and shall not, preclude the Borrowers from pursuing
such rights and remedies as they may have against the beneficiary or transferee at law or under any other agreement. None of the
applicable L/C&nbsp;Issuer, any of its Related Parties nor any of the correspondents, participants or assignees of such L/C&nbsp;Issuer
shall be liable or responsible for any of the matters described in clauses (i) through (iii) of this <U>Section&nbsp;2.4(e)</U>;
<U>provided</U> that anything in such clauses to the contrary notwithstanding, the Borrowers may have a claim against the applicable
L/C&nbsp;Issuer, and the applicable L/C&nbsp;Issuer may be liable to the Borrowers, to the extent, but only to the extent, of any
direct, as opposed to consequential or exemplary, damages suffered by the Borrowers caused by such L/C&nbsp;Issuer&rsquo;s bad
faith, willful misconduct or gross negligence or such L/C&nbsp;Issuer&rsquo;s bad faith, willful or grossly negligent failure to
pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying
with the terms and conditions of such Letter of Credit. In furtherance and not in limitation of the foregoing, the applicable L/C&nbsp;Issuer
may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of
any notice or information to the contrary, and the applicable L/C&nbsp;Issuer shall not be responsible for the validity or sufficiency
of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder
or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Conflict with Letter of Credit Application</U>. Notwithstanding anything else to the contrary in any Letter of Credit
Document (including any Letter of Credit Application), in the event of any conflict between the terms hereof and the terms of any
such Letter of Credit Document, the terms hereof shall control, <U>provided</U> that all non-conflicting terms of any such Letter
of Credit Document shall remain in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Applicability of ISP and UCP; Limitation of Liability</U>. Unless otherwise expressly agreed by the applicable L/C&nbsp;Issuer
and Lead Borrower when a Letter of Credit is issued, (i) the rules of the ISP shall apply to each standby Letter of Credit, and
(ii) the rules of the UCP shall apply to each commercial Letter of Credit. Notwithstanding the foregoing, the applicable L/C&nbsp;Issuer
shall not be responsible to any Loan Party for, and the applicable L/C&nbsp;Issuer&rsquo;s rights and remedies against any such
Loan Party shall not be impaired by, any action or inaction of such L/C&nbsp;Issuer required or permitted under any law, order,
or practice that is required or permitted to be applied to any Letter of Credit or this Credit Agreement, including the law or
any order of a jurisdiction where such L/C&nbsp;Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as
applicable, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers
Association for Finance and Trade - International Financial Services Association (BAFT-IFSA), or the Institute of International
Banking Law &amp; Practice, whether or not any Letter of Credit chooses such law or practice.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Addition of L/C Issuer</U>. Lead Borrower may from time to time, with the consent of the Administrative Agent (such consent
not to be unreasonably withheld, conditioned or delayed) and the applicable Revolving Lender being so appointed, appoint one or
more additional Revolving Lenders to be L/C Issuers hereunder. Upon the appointment of a Revolving Lender as an L/C Issuer hereunder,
such Person shall become vested with all of the rights, powers, privileges and duties of an L/C Issuer hereunder. The Administrative
Agent shall notify the Revolving Lenders of any such additional L/C Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Removal of L/C Issuers</U>. Lead Borrower may at any time remove any Revolving Lender from its role as an L/C Issuer
hereunder upon not less than 30 days prior notice to such L/C Issuer (or such shorter period of time as may be acceptable to such
L/C Issuer), with a copy of such notice to the Administrative Agent; <U>provided</U> that such removed L/C Issuer shall retain
all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of
the effective date of its removal as an L/C Issuer and all L/C Exposure with respect thereto. Without limiting the foregoing, upon
the removal of a Revolving Lender as an L/C Issuer hereunder, Lead Borrower may, or at the request of such removed L/C Issuer Lead
Borrower shall, use commercially reasonable efforts to, arrange for one or more of the other L/C Issuers to issue Letters of Credit
hereunder in substitution for the Letters of Credit, if any, issued by such removed L/C Issuer and outstanding at the time of such
removal, or make other arrangements reasonably satisfactory to the removed L/C Issuer to effectively cause another L/C Issuer to
assume the obligations of the removed L/C Issuer with respect to any such Letters of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Termination and Reduction of Commitments</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Unless previously terminated, the Revolving Commitments shall terminate on the last day of the Availability Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Borrowers may at any time terminate, or from time to time reduce, the Revolving Commitments, <U>provided</U> that (i)
the Borrowers shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment or repayment
of the Revolving Loans and the Swingline Loans in accordance with <U>Section&nbsp;2.7</U>, the sum of the Revolving Exposures of
all Revolving Lenders would exceed the aggregate Revolving Commitments, (ii) each such reduction of the Revolving Commitments shall
be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000, and (iii) any reduction of the Revolving
Commitments to an amount below the L/C Sublimit or the Swingline Sublimit shall automatically reduce the L/C Sublimit or the Swingline
Sublimit, as applicable, on a Dollar for Dollar basis. If at any time, as a result of such a partial reduction or termination as
provided in <U>Section&nbsp;2.5(a)</U>, the Revolving Exposure of all Lenders would exceed the aggregate Revolving Commitments,
then the Borrowers shall on the date of such reduction or termination of Revolving Commitments, repay or prepay Revolving Borrowings
or Swingline Loans (or a combination thereof) and/or Cash Collateralize Letters of Credit in an aggregate amount equal to such
excess.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Lead Borrower shall notify the Administrative Agent of any election to terminate or reduce the Revolving Commitments under
paragraph (b) of this Section at least three 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 such notice, the Administrative Agent shall advise
the Revolving Lenders of the contents thereof. Each notice delivered by Lead Borrower pursuant to this Section shall be irrevocable,
<U>provided</U> that a notice of termination or reduction of the Revolving Commitments may state that such notice is conditioned
upon the effectiveness of other credit facilities or other events or transactions, in which case such notice may be revoked by
Lead Borrower (by written notice to the Administrative Agent on or prior to the specified effective date) if such condition is
not satisfied, subject to the Borrowers&rsquo; obligation to indemnify the Lenders pursuant to <U>Section&nbsp;3.5</U>. Each reduction,
and any termination, of the Revolving Commitments shall be permanent and each reduction of the Revolving Commitments shall be
made ratably among the Revolving Lenders in accordance with their respective Revolving Commitments.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Repayment of Loans; Evidence of Debt</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payment at Maturity</U>. The Borrowers hereby unconditionally promise to pay (i) to the Administrative Agent for the
account of each Revolving Lender the then unpaid principal amount of each Revolving Loan together with all accrued interest thereon
on the earlier of the Revolving Maturity Date and, if different, the date of the termination of the Revolving Commitments in accordance
with the provisions of this Credit Agreement, and (ii) to the Swingline Lender the then unpaid principal amount of each Swingline
Loan together with all accrued interest thereon on the earliest of (A) the maturity date selected by Lead Borrower for such Swingline
Loan, (B) the Revolving Maturity Date and (C) the date of the termination of the Revolving Commitments in accordance with the provisions
of this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notes</U>. Any Lender may request through the Administrative Agent that Loans made by it be evidenced by a promissory
note. In such event, the Borrowers shall execute and deliver to (i) in the case of a Revolving Lender, a Revolving Loan Note, and
(ii) in the case of the Swingline Lender, a Swingline Loan Note. In addition, if requested by a Lender, its Note may be made payable
to such Lender and its registered assigns in which case all Loans evidenced by such Note and interest thereon shall at all times
(including after assignment pursuant to <U>Section&nbsp;10.4</U>) be represented by one or more Notes in like form payable to the
order of the payee named therein and its registered assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Lender Records</U>. Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing
the indebtedness of the Borrowers to such Lender resulting from each Loan owing to such Lender from time to time, 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: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Register</U>. Entries made in good faith by the Administrative Agent in the Register pursuant to <U>Section&nbsp;10.4(c)</U>,
and by each Lender in its account or accounts pursuant to <U>Section 2.6(c)</U>, shall be prima facie evidence of the amount of
principal and interest due and payable or to become due and payable from the Borrowers to, in the case of the Register, each Lender
and, in the case of such account or accounts, such Lender, under this Credit Agreement, absent demonstrable error; <U>provided</U>,
however, that the failure of the Administrative Agent or such Lender to make an entry, or any finding that an entry is incorrect,
in the Register or such account or accounts shall not limit or otherwise affect the obligations of the Borrowers under this Credit
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Prepayments</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Optional Prepayments</U>. <STRIKE>(i)</STRIKE>(i) The Borrowers may, upon written notice from Lead Borrower to the Administrative
Agent, at any time and from time to time, voluntarily prepay any Borrowing of any Class (other than Swingline Loans) in whole
or in part without premium or penalty (except as set forth in <U>Section&nbsp;3.5</U>), <U>provided</U> that such notice must
be received by the Administrative Agent not later than 1:00 p.m. (1) three Business Days prior to any date of prepayment of a
LIBOR Borrowing and (2) on the date of prepayment of an ABR Borrowing. Each such notice shall specify the date and amount of such
prepayment and the Class(es) and Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Appropriate
Lender of its receipt of each such notice, and of the amount of such Lender&rsquo;s Applicable Percentage of such prepayment.
If such notice is given by Lead Borrower, the Borrowers shall make such prepayment and the payment amount specified in such notice
shall be due and payable on the date specified therein, <U>provided</U> that a notice of prepayment may state that such notice
is conditioned upon the effectiveness of other credit facilities or other events or transactions, in which case such notice may
be revoked by Lead Borrower (by written notice to the Administrative Agent on or prior to the specified effective date) if such
condition is not satisfied, subject to the Borrowers&rsquo; obligation to indemnify the Lenders pursuant to <U>Section&nbsp;3.5</U>.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Borrowers may, upon written notice from Lead Borrower to the Swingline Lender (with a copy to the Administrative Agent),
at any time or from time to time, voluntarily prepay Swingline Loans in whole or in part without premium or penalty; <U>provided</U>
that such notice must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the date of
the prepayment. Each such notice shall specify the date and amount of such prepayment. If such notice is given by Lead Borrower,
the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified
therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Mandatory Prepayments</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Net Cash Proceeds</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(A)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Dispositions</U>. In the event that any Loan Party or any of its Subsidiaries receives Net Cash Proceeds in respect of
any Mandatory Prepayment Disposition, then, substantially simultaneously with (and in any event not later than the fifth Business
Day next following) the receipt of such Net Cash Proceeds, the Borrowers shall prepay the Loan Document Obligations in an aggregate
principal amount equal to 100% of such Net Cash Proceeds; <U>provided</U>, that no Net Cash Proceeds that would otherwise be subject
to the provisions of this clause (A) or clause (C) below shall be subject to such provisions until the aggregate amount of all
such Net Cash Proceeds received by the Loan Parties and their Subsidiaries from and after the Closing Date shall equal $20,000,000,
and only the portion in excess of such $20,000,000 aggregate amount shall be subject to such provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(B)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Debt Incurrences and Equity Issuances</U>. In the event that any Loan Party or any of its Subsidiaries receives Net Cash
Proceeds in respect of any Mandatory Prepayment Debt Incurrence or Mandatory Prepayment Equity Issuance, then, substantially simultaneously
with (and in any event not later than (x) in the case of any Mandatory Prepayment Debt Incurrence, the same day as, and (y) in
the case of any Mandatory Prepayment Equity Issuance, the fifth Business Day next following) the receipt of such Net Cash Proceeds,
the Borrowers shall prepay the Loan Document Obligations in an aggregate principal amount equal to 100% of such Net Cash Proceeds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(C)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Casualty Events</U>. In the event that any Loan Party or any of its Subsidiaries receives Net Cash Proceeds in respect
of any Mandatory Prepayment Casualty Event, then, substantially simultaneously with (and in any event not later than the fifth
Business Day next following) the receipt of such Net Cash Proceeds, the Borrowers shall prepay the Loan Document Obligations in
an aggregate principal amount equal to 100% of such Net Cash Proceeds; <U>provided</U>, that no Net Cash Proceeds that would otherwise
be subject to the provisions of this clause (C) or clause (A) above shall be subject to such provisions until the aggregate amount
of all such Net Cash Proceeds received by the Loan Parties and their Subsidiaries from and after the Closing Date shall equal
$20,000,000, and only the portion in excess of such $20,000,000 aggregate amount shall be subject to such provisions.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Excess Cash Balance</U>. In the event that the aggregate balance of the Loan Parties&rsquo; disbursement and operating
deposit accounts exceeds $350,000,000 on any Business Day, then the Borrowers shall prepay the Loan Document Obligations in an
aggregate principal amount equal to such excess amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Application of Mandatory Prepayments</U>. Each mandatory prepayment required to be made pursuant to <U>Section&nbsp;2.7(b)</U>
shall be applied to the prepayment of the Revolving Loans and Swingline Loans and, thereafter, to Cash Collateralize the L/C Obligations
in an amount equal to the Minimum Collateral Amount with respect thereto, in each case, without a permanent reduction of the Revolving
Commitments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notice of Mandatory Prepayment</U>. Lead Borrower shall deliver to the Administrative Agent, at the time of each prepayment
required under this <U>Section&nbsp;2.7(b)</U> (or, in the case of a prepayment required under <U>Section&nbsp;2.7(b)(i)</U>, to
the extent practicable, at least two Business Days in advance of such prepayment), a certificate signed by a Financial Officer
of Lead Borrower setting forth in reasonable detail the calculation of the amount of such prepayment. Each notice of prepayment
shall specify the prepayment date, the Type of each Loan being prepaid and the principal amount of each Loan (or portion thereof)
to be prepaid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Prepayments of Revolving Loans</U>. If for any reason (i) the Total Revolving Outstandings (other than any Overadvances
and Protective Advances to the extent permitted hereunder) at any time exceed the Borrowing Base then in effect for at least two
consecutive Business Days or (ii) the Total Revolving Outstandings at any time exceed the Revolving Credit Maximum Amount at such
time, then in either case Borrowers shall immediately prepay, without premium or penalty, an aggregate amount equal to such excess
to be applied to the prepayment of the Revolving Loans and Swingline Loans and, thereafter to the extent of any remaining such
excess, to Cash Collateralize the L/C Obligations in an amount equal to such remaining excess.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>General Rules</U>. All prepayments shall be subject to <U>Section&nbsp;3.5</U>, but shall otherwise be without premium
or penalty. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. All prepayments
shall be accompanied by accrued interest thereon and, in the case of any prepayment of a LIBOR Loan, any additional amounts required
pursuant to <U>Section&nbsp;3.5</U>. The application of all prepayment amounts shall be made in such a manner as to minimize, to
the extent reasonably practicable, any additional amounts required under <U>Section&nbsp;3.5</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Payments Generally; Administrative Agent&rsquo;s Clawback</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>General</U>. Each Loan Party shall make each payment required to be made by it hereunder or under any other Loan Document
(whether of principal of Loans, L/C Borrowings, interest or fees, or of amounts payable under <U>Sections&nbsp;3.4</U>, <U>3.5</U>,
<U>3.6</U> or <U>10.3</U>, or otherwise) prior to 12:00 noon on the date when due, in immediately available funds. In furtherance
of the foregoing, during the continuance of an Event of Default, the Borrowers hereby irrevocably authorize the Administrative
Agent, in the Administrative Agent&rsquo;s sole discretion, to request on behalf of the Borrowers, Revolving Loans (which shall
be ABR Loans) or Swingline Loans, in an amount sufficient to pay all principal, L/C Borrowings, interest, fees, or other amounts
from time to time due and payable by any Loan Party to any Credit Party hereunder or under any other Loan Document that are not
paid when due (after giving effect to any grace and cure periods). All payments to be made by a Loan Party hereunder shall be
made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff, without setoff
or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed
to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall
be made to the Administrative Agent&rsquo;s Payment Office, except payments to be made to any L/C&nbsp;Issuer or the Swingline
Lender as expressly provided herein and except that payments pursuant to <FONT STYLE="font-size: 10pt"><U>Sections&nbsp;3.4</U>,
<U>3.5</U>, <U>3.6</U> or <U>10.3</U>, 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.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Pro Rata Treatment</U>. Except as otherwise provided in this <U>Section&nbsp;2.8</U> and as otherwise required under
<U>Section&nbsp;3.4(e)</U>, each Borrowing, each payment or prepayment of principal of any Borrowing, each payment of interest
on the Loans, each payment of fees, each reduction of the Revolving Commitments and each conversion of any Borrowing to or continuation
of any Borrowing as a Borrowing of any Type shall be allocated pro rata among the Appropriate Lenders in accordance with their
respective applicable Commitments (or, if such Commitments shall have expired or been terminated, in accordance with the respective
principal amounts of their outstanding Loans of the applicable Class). Each Lender agrees that in computing such Lender&rsquo;s
portion of any Borrowing to be made hereunder, the Administrative Agent may, in its discretion, round each Lender&rsquo;s percentage
of such Borrowing to the next higher or lower whole Dollar amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Administrative Agent&rsquo;s Clawback</U>. <STRIKE>(i)</STRIKE>(i) <U>Funding by Lenders; Presumption by Administrative
Agent</U>. Unless the Administrative Agent shall have received notice from a Lender (x) in the case of ABR Borrowings, two hours
prior to the proposed time of such Borrowing and (y) otherwise, prior to the proposed date 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 on such date in accordance with <U>Section&nbsp;2.2</U> and may, in reliance upon
such assumption, make available to the Borrowers 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 Appropriate Lender and the Borrowers severally agree
to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon for each day from and including
the date such amount is made available to the Borrowers to but excluding the date of payment to the Administrative Agent, at (A)
in the case of a payment to be made by such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation, and (B) in the case of a payment to be
made by the Borrowers, the interest rate applicable to ABR Loans. If the Borrowers and such Lender shall pay such interest to the
Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrowers the
amount of such interest paid by the Borrowers for such period. If such Lender pays its share of the applicable Borrowing to the
Administrative Agent, then the amount so paid shall constitute such Lender&rsquo;s Loan included in such Borrowing. Any payment
by the Borrowers shall be without prejudice to any claim the Borrowers may have against a Lender that shall have failed to make
such payment to the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payments by Borrowers; Presumptions by Administrative Agent</U>. Unless the Administrative Agent shall have received
notice from Lead Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders
or any L/C&nbsp;Issuer hereunder that the Borrowers will not make such payment, the Administrative Agent may assume that the Borrowers
have made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders
or such L/C&nbsp;Issuer, as the case may be, the amount due. In such event, if the Borrowers have not in fact made such payment,
then each of the Lenders or such L/C&nbsp;Issuer, 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 L/C&nbsp;Issuer, with interest thereon, for each day from and including
the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of
the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on
interbank compensation.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notice by Administrative Agent</U>. A notice from the Administrative Agent to any Lender or Lead Borrower with respect
to any amount owing under this paragraph (c) shall be conclusive, absent manifest error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Obligations of Lenders Several</U>. The obligations of the Lenders hereunder to make Loans and purchase participations
in Letters of Credit and Swingline Loans and to make payments pursuant to <U>Section&nbsp;10.3(c)</U> are several and not joint.
The failure of any Lender to make any Loan or purchase participations in Letters of Credit and Swingline Loans or make any payment
under <U>Section&nbsp;10.3(c)</U> on any date required hereunder shall not relieve any other Lender of its corresponding obligation
to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, purchase its
participation in Letters of Credit and Swingline Loans or to make its payment under <U>Section&nbsp;10.3(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Failure to Satisfy Conditions Precedent</U>. If any Lender makes available to the Administrative Agent funds for any
Loan to be made by such Lender as provided in the foregoing provisions of this <U>Article&nbsp;2</U>, and such funds are not made
available to the Borrowers by the Administrative Agent because the conditions to the borrowing of Loans set forth in <U>Article&nbsp;4</U>
are not satisfied or waived in accordance with the terms hereof (subject to the provisions of <U>Article 4</U>), the Administrative
Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Funding Source</U>. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular
place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any
particular place or manner.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Insufficient Payment</U>. Subject to the provisions of <U>Article&nbsp;8</U>, whenever any payment received by the Administrative
Agent under this Credit Agreement or any of the other Loan Documents is insufficient to pay in full all amounts due and payable
to the Credit Parties under or in respect of this Credit Agreement and the other Loan Documents on any date, such payment shall
be distributed by the Administrative Agent and applied by the Administrative Agent (i) first, towards payment of all fees and expenses
then due to the Administrative Agent under the Loan Documents, (ii) second, towards payment of all expenses then due hereunder,
ratably among the parties entitled thereto in accordance herewith, (iii) third, towards payment of interest, fees and commissions
then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest, fees and commissions
then due to such parties, and (iv) fourth, towards payment of principal of Loans and unreimbursed L/C Borrowings then due hereunder,
ratably among the parties entitled thereto in accordance with the amounts of principal of Loans and unreimbursed L/C Borrowings
then due to such parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Sharing of Payments by Lenders</U>. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Loans or other obligations hereunder resulting in such
Lender receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other such obligations
greater than its pro rata share thereof as provided herein, then such Lender shall (x) notify the Administrative Agent of such
fact, and (y) purchase (for cash at face value) participations in the Loans and such other obligations of the other Lenders, or
make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably
in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing
them; <U>provided</U> that:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the provisions of this paragraph shall not be construed to apply to (x) any payment made by the Borrowers pursuant to and
in accordance with the express terms of this Credit Agreement (including the application of funds arising from the existence of
a Defaulting Lender), or (y) 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 L/C Disbursements to any assignee or participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">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 each Loan Party rights of setoff and counterclaim with respect to such participation
as fully as if such Lender were a direct creditor of each Loan Party in the amount of such participation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Defaulting Lenders</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Defaulting Lender Adjustments</U>. Notwithstanding anything to the contrary contained in this Credit Agreement, if any
Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted
by applicable law:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Waivers and Amendments</U>. Such Defaulting Lender&rsquo;s right to approve or disapprove any amendment, waiver or consent
with respect to this Credit Agreement shall be restricted as set forth in the definition of Required Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Defaulting Lender Waterfall</U>. 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 <U>Article&nbsp;8</U>
or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to <U>Section&nbsp;10.8</U> shall be applied
at such time or times as may be determined by the Administrative Agent as follows: <U>first</U>, to the payment of any amounts
owing by such Defaulting Lender to the Administrative Agent hereunder; <U>second</U>, to the payment on a pro rata basis of any
amounts owing by such Defaulting Lender to any L/C&nbsp;Issuer or the Swingline Lender hereunder; <U>third</U>, to Cash Collateralize
each L/C&nbsp;Issuer&rsquo;s Fronting Exposure with respect to such Defaulting Lender in accordance with <U>Section&nbsp;2.10</U>;
<U>fourth</U>, as Lead Borrower may request (so long as no Default exists), to the funding of any Loan in respect of which such
Defaulting Lender has failed to fund its portion thereof as required by this Credit Agreement, as determined by the Administrative
Agent; <U>fifth</U>, if so determined by the Administrative Agent and Lead Borrower, to be held in a deposit account and released
pro rata in order to (x) satisfy such Defaulting Lender&rsquo;s potential future funding obligations with respect to Loans under
this Credit Agreement and (y) Cash Collateralize each L/C&nbsp;Issuer&rsquo;s future Fronting Exposure with respect to such Defaulting
Lender with respect to future Letters of Credit issued under this Credit Agreement, in accordance with <U>Section&nbsp;2.10</U>;
<U>sixth</U>, to the payment of any amounts owing to the Lenders, the L/C&nbsp;Issuers or the Swingline Lender as a result of
any judgment of a court of competent jurisdiction obtained by any Lender, any L/C&nbsp;Issuer or the Swingline Lender against
such Defaulting Lender as a result of such Defaulting Lender&rsquo;s breach of its obligations under this Credit Agreement; <U>seventh</U>,
so long as no Default exists, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent
jurisdiction obtained by the Borrowers against such Defaulting Lender as a result of such Defaulting Lender&rsquo;s breach of
its obligations under this Credit Agreement; and <U>eighth</U>, to such Defaulting Lender or as otherwise directed by a court
of competent jurisdiction; <U>provided</U> that if (x) such payment is a payment of the principal amount of any Loans or L/C Borrowings
in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related
Letters of Credit were issued at a time when the conditions set forth in <U>Section&nbsp;4.2</U> were satisfied or waived, such
payment shall be applied solely to pay the Loans of, and L/C Borrowings owed to, all Non-Defaulting Lenders on a pro rata basis
prior to being applied to the payment of any Loans of, or L/C Borrowings owed to, such Defaulting Lender until such time as all
Loans and funded and unfunded participations in L/C Obligations and Swingline Loans are held by the Lenders pro rata in accordance
with the Commitments under the applicable Facility without giving effect to <U>Section&nbsp;2.9(a)(iv)</U>. 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 <U>Section&nbsp;2.9(a)(ii)</U> shall be deemed paid to and redirected by such Defaulting
Lender, and each Lender irrevocably consents hereto.</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certain Fees</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(A)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Defaulting Lender shall be entitled to receive any Commitment Fee for any period during which that Lender is a Defaulting
Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been required to have been paid to
that Defaulting Lender).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(B)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Defaulting Lender shall be entitled to receive L/C Participation Fees for any period during which that Lender is a
Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which
it has provided Cash Collateral pursuant to <U>Section&nbsp;2.10</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(C)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>With respect to any L/C Participation Fees not required to be paid to any Defaulting Lender pursuant to clause (A) or (B)
above, the Borrowers shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting
Lender with respect to such Defaulting Lender&rsquo;s participation in L/C Obligations or Swingline Loans that has been reallocated
to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to any L/C&nbsp;Issuer and the Swingline Lender, as applicable,
the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C&nbsp;Issuer&rsquo;s
or the Swingline Lender&rsquo;s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount
of any such fee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Reallocation of Participations to Reduce Fronting Exposure</U>. If any L/C Obligations or Swingline Loans are outstanding
at the time such Lender becomes a Defaulting Lender, then all or any part of the Swingline Exposure and L/C Exposure of such Defaulting
Lender shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated
without regard to such Defaulting Lender&rsquo;s Revolving Commitment) but only to the extent that such reallocation does not
cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender&rsquo;s Revolving Commitment.
Subject to <U>Section&nbsp;10.17</U>, no reallocation hereunder shall constitute a waiver or release of any claim of any party
hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting
Lender as a result of such Non-Defaulting Lender&rsquo;s increased exposure following such reallocation.</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Cash Collateral, Repayment of Swingline Loans</U>. If the reallocation described in clause (iv) above cannot, or can
only partially, be effected, the Borrowers shall, without prejudice to any right or remedy available to them hereunder or under
law, (x) first, prepay Swingline Loans in an amount equal to the Swingline Lender&rsquo;s Fronting Exposure and (y) second, Cash
Collateralize each L/C&nbsp;Issuer&rsquo;s Fronting Exposure in accordance with the procedures set forth in <U>Section&nbsp;2.10</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Defaulting Lender Cure</U>. If Lead Borrower, the Administrative Agent, the Swingline Lender and each L/C&nbsp;Issuer
agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon
as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements
with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans
of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and
funded and unfunded participations in Letters of Credit and Swingline Loans to be held pro rata by the Lenders in accordance with
the Commitments under the applicable Facility (without giving effect to <U>Section&nbsp;2.9(a)(iv)</U>), whereupon such Lender
will cease to be a Defaulting Lender; <U>provided</U> that no adjustments will be made retroactively with respect to fees accrued
or payments made by or on behalf of the Borrowers while that Lender was a Defaulting Lender; and <U>provided</U>, further, that
except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will
constitute a waiver or release of any claim of any party hereunder arising from that Lender&rsquo;s having been a Defaulting Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>New Swingline Loans/Letters of Credit</U>. So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall
not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to
such Swingline Loan and (ii) no L/C&nbsp;Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless
it is satisfied that it will have no Fronting Exposure after giving effect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Cash Collateral</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certain Credit Support Events</U>. The Borrowers shall provide Cash Collateral to any applicable L/C&nbsp;Issuer:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if such L/C&nbsp;Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has
resulted in a L/C Borrowing, within two Business Days following any request by the Administrative Agent or such L/C&nbsp;Issuer,
in an amount not less than the Minimum Collateral Amount of such L/C Borrowing,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding and such Letter of
Credit is not adequately Backstopped in accordance with the provisions of this Credit Agreement, immediately (without the necessity
of any request), in an amount not less than the Minimum Collateral Amount of such L/C Obligation,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if the Borrowers shall be required to provide Cash Collateral pursuant to <U>Section&nbsp;8.2</U>, immediately upon any
request by the Administrative Agent or such L/C&nbsp;Issuer, in an amount not less than the Minimum Collateral Amount of all L/C
Obligations, and</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> if there shall exist a Defaulting Lender, within two Business Days following any request by the Administrative Agent or
such L/C&nbsp;Issuer, in an amount not less than the Minimum Collateral Amount of the Fronting Exposure of such L/C&nbsp;Issuer
with respect to such Defaulting Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Grant of Security Interest</U>. As security for the obligations to which such Cash Collateral may be applied pursuant
to <U>Section&nbsp;2.10(c)</U>, (i) each Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender,
hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C&nbsp;Issuers
and the Lenders, and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances
therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, and (ii) to the
extent provided by any Defaulting Lender, such Defaulting Lender hereby grants to (and subjects to the control of) the Administrative
Agent, for the benefit of the Administrative Agent, the L/C&nbsp;Issuers and the Lenders, and agrees to maintain, a first priority
security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral
pursuant hereto, and in all proceeds of the foregoing. Each Borrower shall enter into documentation reasonably satisfactory to
the Administrative Agent as may be requested in connection with the above described grant of security. If at any time the Administrative
Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or the
L/C&nbsp;Issuers as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount,
the Borrowers will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash
Collateral in an amount sufficient to eliminate such deficiency. If at any time the total amount of such Cash Collateral is greater
than the Minimum Collateral Amount, the Administrative Agent will, promptly upon demand by Lead Borrower, release to Lead Borrower
Cash Collateral in an amount sufficient to eliminate such excess. All Cash Collateral (other than credit support not constituting
funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Citizens Bank. The Borrowers
shall pay on demand therefor from time to time all customary account opening, activity and other administrative fees and charges
in connection with the maintenance and disbursement of Cash Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Application</U>. Notwithstanding anything to the contrary contained in this Credit Agreement, Cash Collateral provided
under any of this <U>Section&nbsp;2.10</U> or <U>Sections&nbsp;2.4</U>, <U>2.7</U>, <U>2.10</U> or <U>8.2</U> in respect of Letters
of Credit shall be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund participations therein
(including, as to Cash Collateral provided by a Lender that is a Defaulting Lender, any interest accrued on such obligation) and
other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise
be provided for herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Termination of Requirement</U>. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure
or to secure other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or
other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Lender (or, as
appropriate, its assignee following compliance with <U>Section&nbsp;10.4(b)(vii)</U>)) or (ii) the determination by the Administrative
Agent and the applicable L/C&nbsp;Issuer that there exists excess Cash Collateral; <U>provided</U> that, subject to this <U>Section&nbsp;2.10</U>,
the Person providing Cash Collateral and such L/C&nbsp;Issuer may agree that Cash Collateral shall be held to support future anticipated
Fronting Exposure or other obligations and <U>provided further</U> that to the extent that such Cash Collateral was provided by
the Borrowers, such Cash Collateral shall remain subject to the security interest granted pursuant to the Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Incremental Commitments</U></FONT>.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Lead Borrower may, from time to time, by written notice to the Administrative Agent, request additional Revolving Commitments
(collectively, &ldquo;<U>Incremental Commitments</U>&rdquo;), from one or more Revolving Lenders (in the sole discretion of such
Lenders) and/or Eligible Assignees who will become Revolving Lenders, in an aggregate principal amount of up to $100,000,000; <U>provided</U>
that at the time of the incurrence of such Incremental Commitments and immediately after giving effect thereto and to the use of
the proceeds thereof, no Default shall have occurred and be continuing or would result therefrom; <U>provided further</U> that
(1) each such Person, if not already a Revolving Lender hereunder, shall be subject to the approval of the Administrative Agent,
the L/C&nbsp;Issuers and the Swingline Lender (which approvals shall not be unreasonably withheld or delayed) and (2) Lead Borrower
may make only five such requests. Such notice shall set forth (i) the amount of the Incremental Commitments being requested (which
shall be in minimum increments of $10,000,000 and a minimum amount of $25,000,000), and (ii) the date on which such Incremental
Commitments are requested to become effective (which shall not be less than five Business Days nor more than 60 calendar days after
the date of such notice, unless otherwise agreed to by the Administrative Agent).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Borrowers and each Revolving Lender providing an Incremental Commitment shall execute and deliver to the Administrative
Agent an Incremental Assumption Agreement and such other documentation as the Administrative Agent shall reasonably specify to
evidence the Incremental Commitment of such Revolving Lender. The Administrative Agent shall promptly notify each Lender as to
the effectiveness of each Incremental Assumption Agreement. Each of the parties hereto hereby agrees that, upon the effectiveness
of any Incremental Assumption Agreement, this Credit Agreement shall be deemed amended to the extent (but only to the extent) necessary
(i) to reflect the existence and terms of the Incremental Commitments evidenced thereby and (ii) to increase the hard dollar amounts
in the definitions of &ldquo;Borrowing Base Reporting Trigger Event&rdquo;, &ldquo;Borrowing Base Reporting Trigger Period&rdquo;,
&ldquo;Cash Dominion Trigger Event&rdquo;, &ldquo;Cash Dominion Trigger Period&rdquo;, &ldquo;Collateral Administration Trigger
Event&rdquo;, &ldquo;Collateral Administration Trigger Period&rdquo; and &ldquo;Payment Conditions&rdquo; and in <U>Sections 2.2(h)</U>
and <U>7.12</U>, in each case in proportion to the increase in the Revolving Commitments after giving effect to such Incremental
Commitments. Any such deemed amendment may be memorialized in writing by the Administrative Agent with Lead Borrower&rsquo;s consent
(not to be unreasonably withheld or delayed) and furnished to the other parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The terms of each Incremental Commitment shall be reasonably satisfactory to the Administrative Agent and in any event:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>each Incremental Commitment (and the Revolving Loans made thereunder) shall rank <I>pari passu</I> in right of payment and
of security with the existing Revolving Commitments (and the Revolving Loans made thereunder); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>all material terms of each Incremental Commitment (and the Revolving Loans made thereunder) shall be identical to the existing
Revolving Commitments (and the Revolving Loans made thereunder) (excluding upfront and other similar fees paid at the closing of
such Incremental Commitment).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Incremental Commitments shall become effective unless, on the date of such effectiveness, (i) the conditions set forth
in paragraphs (a) and (b) of <U>Section&nbsp;4.2</U> shall be satisfied as if it was a borrowing date and the Administrative Agent
shall have received a certificate to that effect dated such date and executed by a Financial Officer of Lead Borrower; and (ii)
the Administrative Agent shall have received closing certificates, opinions of counsel and other customary documentation requested
by the Administrative Agent.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Each of the parties hereto hereby agrees that the Administrative Agent may take any and all action as may be reasonably
necessary to ensure that, following the establishment of any Incremental Commitments, the outstanding Revolving Loans are held
by the Revolving Lenders in accordance with their new Applicable Percentages. This may be accomplished by the Administrative Agent,
in consultation with Lead Borrower, by requiring each outstanding LIBOR Borrowing of the relevant Class to be converted into an
ABR Borrowing of such Class on the date of each additional Revolving Commitment, or requiring a prepayment and reborrowing of Revolving
Loans. Any conversion or prepayment made pursuant to the preceding sentence shall be subject to <U>Section&nbsp;3.5</U> (it being
understood that, the Administrative Agent shall consult with Lead Borrower regarding the foregoing and, to the extent practicable,
will attempt to pursue options that minimize breakage costs).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Joint and Several Liability</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of
the financial accommodations to be provided by the Credit Parties under this Credit Agreement for the mutual benefit, directly
and indirectly, of each Borrower and in consideration of the undertakings of the other Borrowers to accept joint and several liability
for the Loan Document Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety but also as
a co-debtor, joint and several liability with the other Borrowers, with respect to the payment and performance of all of the Loan
Document Obligations, it being the intention of the parties hereto that all of the Loan Document Obligations shall be the joint
and several obligations of each Borrower without preferences or distinction among them. Accordingly, each Borrower hereby waives
any and all suretyship defenses that would otherwise be available to such Borrower under applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If and to the extent that any Borrower shall fail to make any payment with respect to any of the Loan Document Obligations
as and when due, whether upon maturity, acceleration, or otherwise, or to perform any of the Loan Document Obligations in accordance
with the terms thereof, then in each such event the other Borrowers will make such payment with respect to, or perform, such Loan
Document Obligations until such time as all of the Loan Document Obligations are paid in full, and, except as otherwise expressly
provided in the Loan Documents, without the need for demand, protest, or any other notice or formality.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The obligations of each Borrower under the provisions of this <U>Section 2.12</U> constitute the absolute and unconditional,
full recourse obligations of each Borrower enforceable against each Borrower to the full extent of its properties and assets, irrespective
of the validity, regularity or enforceability of the provisions of this Credit Agreement or any other Loan Document or any other
circumstance whatsoever.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower hereby waives, for the benefit of the Credit Parties: (a) any right to require any Credit Party, as a condition
of payment or performance by such Borrower, to (i) proceed against any other Borrower, any Guarantor or any other Person, (ii)
proceed against or exhaust any security held from any other Borrower, any Guarantor or any other Person, (iii) proceed against
or have resort to any balance of any deposit account or credit on the books of any Credit Party in favor of any other Borrower,
any Guarantor or any other Person, or (iv) pursue any other remedy in the power of any Credit Party whatsoever; (b) any defense
arising by reason of the incapacity, lack of authority or any disability or other defense of any other Borrower or any Guarantor
including any defense based on or arising out of the lack of validity or the unenforceability of the Loan Document Obligations
or any agreement or instrument relating thereto or by reason of the cessation of the liability of any other Borrower or any Guarantor
from any cause other than payment in full of the Loan Document Obligations; (c) any defense based upon any statute or rule of
law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than
that of the principal; (d) any defense based upon any Credit Party&rsquo;s errors or omissions in the administration of the Loan
Document Obligations (other than those constituting gross negligence, bad faith or willful misconduct); (e)(i) any principles
or provisions of law, statutory or otherwise, which are or might be in conflict with the terms hereof and any legal or equitable
discharge of such Borrower&rsquo;s obligations hereunder, (ii) the benefit of any statute of limitations affecting such Borrower&rsquo;s
liability hereunder or the enforcement hereof, (iii) any rights to set offs, recoupments and counterclaims, and (iv) promptness,
diligence and any requirement that any Credit Party protect, secure, perfect or insure any security interest or Lien or any property
subject thereto; (f) except as otherwise expressly provided in the Loan Documents, notices, demands, presentments, protests, notices
of protest, notices of dishonor and notices of any action or inaction, including acceptance hereof, notices of default, notices
of any renewal, extension or modification of the Loan Document Obligations or any agreement related thereto, notices of any extension
of credit to such Borrower and any right to consent to any thereof; and (g) any defenses or benefits that may be derived from
or afforded by law which limit the ability of or exonerate guarantors or sureties, or which may conflict with the terms hereof.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower represents and warrants to the Credit Parties that such Borrower is currently informed of the financial condition
of the other Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment
of the Loan Document Obligations. Each Borrower further represents and warrants to the Credit Parties that such Borrower has read
and understands the terms and conditions of the Loan Documents. Each Borrower hereby covenants that such Borrower will continue
to keep informed of each other Borrower&rsquo;s financial condition and of all other circumstances which bear upon the risk of
nonpayment or nonperformance of the Loan Document Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The provisions of this <U>Section 2.12</U> are made for the benefit of each Credit Party and its successors and permitted
assigns, and may be enforced by it or them from time to time against any or all Borrowers as often as occasion therefor may arise
and without requirement on the part of any Credit Party of any of its successors or permitted assigns first to marshal any of its
or their claims or to exercise any of its or their rights against any Borrower or any Guarantor or to exhaust any remedies available
to it or them against any Borrower or any Guarantor or to resort to any other source or means of obtaining payment of any of the
Loan Document Obligations or to elect any other remedy. The provisions of this <U>Section 2.12</U> shall remain in effect until
the occurrence of the Termination Date. If at any time any payment, or any part thereof, made in respect of any of the Loan Document
Obligations is rescinded or must otherwise be restored or returned by any Credit Party upon the insolvency, bankruptcy or reorganization
of any Borrower, or otherwise, the provisions of this <U>Section 2.12</U> will forthwith be reinstated in effect, as though such
payment had not been made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower hereby agrees that it will not enforce any of its rights that arise from the existence, payment, performance
or enforcement of the provisions of this <U>Section 2.12</U>, including rights of subrogation, reimbursement, exoneration, contribution
or indemnification and any right to participate in any claim or remedy of any Credit Party against any Borrower, whether or not
such claim, remedy or right arises in equity or under contract, statute or common law, including the right to take or receive
from any Borrower, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security
solely on account of such claim, remedy or right, unless and until the Termination Date has occurred. Any claim which any Borrower
may have against any other Borrower with respect to any payments to any Credit Party hereunder are hereby expressly made subordinate
and junior in right of payment to the prior occurrence of the Termination Date and, in the event of any insolvency, bankruptcy,
receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower,
its debts or its assets, whether voluntary or involuntary, the Termination Date shall occur before any payment or distribution
of any character, whether in cash, securities or other property, shall be made to any other Borrower therefor. If any amount shall
be paid to any Borrower in violation of the immediately preceding sentence, such amount shall be held in trust for the benefit
of the Credit Parties, and shall forthwith be paid to Administrative Agent to be credited and applied to the Loan Document Obligations
and all other amounts payable under this Credit Agreement, whether matured or unmatured, in accordance with the terms of this
Credit Agreement, or to be held as Collateral for any Loan Document Obligations or other amounts payable under this Credit Agreement
thereafter arising.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2.13<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Lead Borrower</U></FONT>. Each Borrower hereby irrevocably appoints Lead Borrower as the borrowing agent and attorney-in-fact
for each Borrower, and authorizes Lead Borrower (a) to provide Administrative Agent with all notices with respect to Credit Extensions
obtained for the benefit of any Borrower and all other notices and instructions under this Credit Agreement or any other Loan Document
and (b) to take such action as Lead Borrower deems appropriate on its behalf to carry out the purposes of this Credit Agreement
or any other Loan Document. Lead Borrower hereby accepts such appointment. The Credit Parties shall be entitled to rely upon, and
shall be fully protected in relying upon, any notice or other communication delivered by Lead Borrower on behalf of any Borrower.
The Credit Parties may give any notice to, or other communication with, any Borrower hereunder to Lead Borrower on behalf of such
Borrower. Each of the Credit Parties shall have the right, in its discretion, to deal exclusively with Lead Borrower for any or
all purposes under the Loan Documents. It is understood that the handling of the Credit Extensions and the Collateral of Loan Parties
in a combined fashion, as more fully set forth herein, is done solely as an accommodation to the Borrowers in order to utilize
the collective borrowing powers of the Borrowers in the most efficient and economical manner and at their request, and that Administrative
Agent shall not incur any liability to any Borrower as a result hereof. Each Borrower expects to derive benefit, directly or indirectly,
from the handling of Credit Extensions and the Collateral in a combined fashion since the successful operation of each Borrower
is dependent on the continued successful performance of the integrated group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in"><B><U><BR>
</U></B>Interest, Fees, Yield Protection, etc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 3.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Interest</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Interest Rate Generally</U>. All ABR Loans shall bear interest at the Alternate Base Rate <U>plus</U> the Applicable
Margin. Each LIBOR Loan shall bear interest at a rate per annum equal to the sum of the Adjusted LIBOR Rate for the Interest Period
in effect for such Loan <U>plus</U> the Applicable Margin. Each Swingline Loan shall bear interest at the Alternate Base Rate <U>plus</U>
the Applicable Margin (or such other rate as may be agreed upon between Lead Borrower and the Swingline Lender).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Default Rate</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding the foregoing, if any principal of or interest on any Loan, any reimbursement obligation in respect of any
L/C Disbursement or any fee or other amount payable by the Borrowers 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 the Default Rate to the fullest extent permitted by applicable law.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Notwithstanding the foregoing, if an Event of Default has occurred and is continuing and the Administrative Agent so notifies
Lead Borrower (<U>provided</U> that no such notification shall be required, and the following interest shall automatically be payable,
in the case of an Event of Default under <U>Sections&nbsp;8.1(a)</U>, <U>(b)</U>, <U>(h)</U> or <U>(i)</U>), then, so long as such
Event of Default is continuing, all outstanding principal of each Loan and all Unreimbursed Amounts in respect of L/C Disbursements
(including L/C Borrowings) shall, without duplication of amounts payable under the preceding sentence, bear interest, after as
well as before judgment, at a rate per annum equal to the Default Rate to the fullest extent permitted by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon
demand.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Interest Payment Dates</U>. Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for
such Loan and at such other times as may be specified herein, <U>provided</U> that (i) interest accrued pursuant to paragraph (b)
of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan, accrued interest on the
principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, and (iii) in the event of any
conversion of any LIBOR 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: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Computation of Interest</U>. All interest hereunder shall be computed on the basis of a year of 360 days, except that
interest computed by reference to the Alternate Base Rate 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), and in each case shall be payable for the actual number
of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBOR Rate and
LIBOR Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent demonstrable error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 3.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Fees</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Commitment Fee</U>. The Borrowers agree to pay to the Administrative Agent, for the account of each Revolving Lender,
a commitment fee (the &ldquo;<U>Commitment Fee</U>&rdquo;), which shall accrue at a rate per annum equal to 0.40% per annum on
the average daily unused amount of the Revolving Commitment of such Revolving Lender during the period from and including the date
on which this Credit Agreement becomes effective pursuant to <U>Section&nbsp;10.6(a)</U> to but excluding the date on which such
Revolving Commitment terminates. For purposes of computing Commitment Fees, the Revolving Commitment of any Revolving Lender shall
be deemed to be used to the extent of the aggregate principal amount at such time of its outstanding Revolving Loans and such Lender&rsquo;s
L/C Exposure. Accrued Commitment Fees shall be payable in arrears on the last day of March, June, September and December of each
year, each date on which the Revolving Commitments are permanently reduced and on the date on which the Revolving Commitments terminate,
commencing on the first such date to occur after the Agreement Date. All Commitment Fees shall be computed on the basis of a year
of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>L/C Fees</U>. The Borrowers agree to pay (i) to the Administrative Agent, for the account of the Revolving Lenders,
a fee (the &ldquo;<U>L/C Participation Fee</U>&rdquo;) in Dollars for each Letter of Credit, at a rate per annum equal to the
Applicable Margin <U>multiplied by</U> the average daily amount available to be drawn under such Letter of Credit, and (ii) to
each applicable L/C&nbsp;Issuer for its own account a fee (the &ldquo;<U>L/C Fronting Fee</U>&rdquo;), which shall accrue at the
rate or rates per annum separately agreed upon between the Borrowers and such L/C&nbsp;Issuer on the average daily amount of the
L/C Obligations attributable to Letters of Credit issued by such L/C Issuer (excluding any portion thereof attributable to unreimbursed
L/C Disbursements) during the period from and including the Closing Date to but excluding the later of the date of termination
of the Revolving Commitments and the date on which there ceases to be any L/C Obligations, as well as such L/C&nbsp;Issuer&rsquo;s
standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings
thereunder. Accrued L/C Participation Fees and L/C Fronting Fees shall be payable in arrears on the last day of March, June, September
and December of each year, commencing on the first such date to occur after the Agreement Date; <FONT STYLE="font-size: 10pt"><U>provided
</U>that all such fees shall be payable on the date on which the Revolving Commitments terminate and any such fees accruing after
the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to any L/C&nbsp;Issuer
pursuant to this paragraph shall be payable within ten days after demand. All L/C Participation Fees and L/C Fronting Fees shall
be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first
day but excluding the last day). Notwithstanding the foregoing, if an Event of Default has occurred and is continuing and the
Administrative Agent (in the case of L/C Participation Fees) or any applicable L/C&nbsp;Issuer (in the case of L/C Fronting Fees)
so notifies Lead Borrower (<U>provided </U>that no such notification shall be required, and the following interest shall automatically
be payable, in the case of an Event of Default under <U>Sections&nbsp;8.1(a)</U>, <U>(b)</U>, <U>(h)</U> or <U>(i)</U>), then,
so long as such Event of Default is continuing, L/C Participation Fees and L/C Fronting Fees, as applicable, shall be calculated
at a rate per annum equal to the Default Rate.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Fee Letters</U>. The Borrowers agree to pay the fees and other amounts payable in the amounts and at the times set forth
in the Fee Letters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payment of Fees Generally</U>. All fees and other amounts payable hereunder shall be paid on the dates due, in immediately
available funds. Absent demonstrable mistake in the payment thereof, determined as of the time of such payment, fees and other
amounts paid shall not be refundable under any circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 3.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Alternate Rate of Interest</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Temporary Unavailability of LIBOR Rate</U>. If prior to the commencement of any Interest Period for a LIBOR Borrowing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Administrative Agent determines (which determination shall be conclusive absent demonstrable error) that adequate and
reasonable means do not exist for ascertaining the Adjusted LIBOR Rate or the LIBOR Rate, as applicable, for such Interest Period;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Administrative Agent is advised by Required Lenders that the Adjusted LIBOR Rate or the LIBOR Rate, as applicable, for
such Interest Period will not adequately and fairly reflect the cost of making or maintaining their Loans included in such Borrowing
for such Interest Period;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">then the Administrative Agent shall
give notice thereof to Lead Borrower and the Lenders (or the Swingline Lender, as the case may be) as promptly as practicable thereafter
and, until the Administrative Agent notifies Lead Borrower and the Lenders (or the Swingline Lender, as the case may be) that the
circumstances giving rise to such notice no longer exist (which notice shall be given by the Administrative Agent as promptly as
practicable after it obtains knowledge that such circumstances cease to exist), (x) any Committed Loan Notice that requests the
conversion of any Borrowing to, or continuation of any Borrowing as, a LIBOR Borrowing shall be ineffective, and (y) if any Request
for Credit Extension requests a LIBOR Borrowing, such Borrowing shall be made as an ABR Borrowing.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <U>Successor LIBOR Rate</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Benchmark Replacement</U>. Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence
of a Benchmark Transition Event or an Early Opt-in Election, as applicable, the Administrative Agent and Lead Borrower may amend
this Credit Agreement to replace the LIBOR Rate with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition
Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed
amendment to all Lenders and Lead Borrower so long as the Administrative Agent has not received, by such time, written notice of
objection to such amendment from Lenders comprising the Required Lenders. Any such amendment with respect to an Early Opt-in Election
will become effective on the date that Lenders comprising the Required Lenders have delivered to the Administrative Agent written
notice that such Required Lenders accept such amendment. No replacement of the LIBOR Rate with a Benchmark Replacement pursuant
to this <U>Section 3.3(b)</U> will occur prior to the applicable Benchmark Transition Start Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Benchmark Replacement Conforming Changes</U>. In connection with the implementation of a Benchmark Replacement, the Administrative
Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the
contrary herein or in any other Loan Document (but subject to the terms of the definition of &ldquo;Benchmark Replacement Conforming
Changes&rdquo;), any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further
action or consent of any other party to this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notices; Standards for Decisions and Determinations</U>. The Administrative Agent will promptly notify Lead Borrower
and the Lenders of (A) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related
Benchmark Replacement Date and Benchmark Transition Start Date, (B) the implementation of any Benchmark Replacement, (C) the effectiveness
of any Benchmark Replacement Conforming Changes and (D) the commencement or conclusion of any Benchmark Unavailability Period,
<U>provided</U> that the failure to give such notice under this clause (D) shall not affect the commencement or conclusion of any
Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or Lenders
pursuant to this <U>Section 3.3(b)</U>, 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, will be conclusive
and binding absent demonstrable error and may be made in its or their sole discretion and without consent from any other party
hereto, except, in each case, as expressly required pursuant to this <U>Section 3.3(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Benchmark Unavailability Period</U>. Upon the commencement of a Benchmark Unavailability Period, Lead Borrower may revoke
any pending request for a Borrowing of, conversion to or continuation of LIBOR Loans to be made, converted or continued during
such Benchmark Unavailability Period and, failing that, the Borrowers will be deemed to have converted any such request into a
request for a Borrowing of or conversion to ABR Loans. During any Benchmark Unavailability Period, (A) the obligation of the Lenders
to make or maintain LIBOR Loans shall be suspended, (B) any request for a Borrowing of, conversion to or continuation of LIBOR
Loans shall be ineffective and will be deemed to have been a request for a Borrowing of or conversion to ABR Loans, and (C) the
component of the Alternate Base Rate based upon the LIBOR Rate will not be used in any determination of the Alternate Base Rate.</P>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 3.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Increased Costs; Illegality</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Increased Costs Generally</U>. If any Change in Law shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>impose, modify or deem applicable any reserve, special deposit, liquidity, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except
any reserve requirement reflected in the Adjusted LIBOR Rate) or any L/C&nbsp;Issuer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of
the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments,
or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>impose on any Lender or any L/C&nbsp;Issuer or the London interbank market any other condition, cost or expense (other than
Taxes) affecting this Credit Agreement or Loans made by such Lender or any Letter of Credit or participation therein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">and the result of any of the foregoing
shall be to increase the cost to such Lender or such other Recipient of making, converting to, continuing or maintaining any Loan
or of maintaining its obligation to make any such Loan, or to increase the cost to such Lender, such L/C&nbsp;Issuer or such other
Recipient of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in
or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender, L/C&nbsp;Issuer or
other Recipient hereunder (whether of principal, interest or any other amount) then, upon request of such Lender, L/C&nbsp;Issuer
or other Recipient, the Borrowers will pay to such Lender, L/C&nbsp;Issuer or other Recipient, as the case may be, such additional
amount or amounts as will compensate such Lender, L/C&nbsp;Issuer or other Recipient, as the case may be, for such additional costs
incurred or reduction suffered as reasonably determined by such Lender, L/C&nbsp;Issuer or other Recipient (which determination
shall be made in good faith (and not on an arbitrary or capricious basis) after consideration of such factors as such Lender, L/C&nbsp;Issuer
or other Recipient then reasonably determines to be relevant).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Capital Requirements</U>. If any Lender or L/C&nbsp;Issuer reasonably determines that any Change in Law affecting such
Lender or L/C&nbsp;Issuer or any Applicable Lending Office of such Lender or such Lender&rsquo;s or L/C&nbsp;Issuer&rsquo;s holding
company, if any, regarding capital or liquidity requirements, has or would have the effect of reducing the rate of return on such
Lender&rsquo;s or L/C&nbsp;Issuer&rsquo;s capital or on the capital of such Lender&rsquo;s or L/C&nbsp;Issuer&rsquo;s holding company,
if any, as a consequence of this Credit Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters
of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by such L/C&nbsp;Issuer, to a level below that
which such Lender or L/C&nbsp;Issuer or such Lender&rsquo;s or L/C&nbsp;Issuer&rsquo;s holding company could have achieved but
for such Change in Law (taking into consideration such Lender&rsquo;s or L/C&nbsp;Issuer&rsquo;s policies and the policies of such
Lender&rsquo;s or L/C&nbsp;Issuer&rsquo;s holding company with respect to capital adequacy and liquidity), then from time to time
the Borrowers will pay to such Lender or L/C&nbsp;Issuer, as the case may be, such additional amount or amounts as will compensate
such Lender or L/C&nbsp;Issuer or such Lender&rsquo;s or L/C&nbsp;Issuer&rsquo;s holding company for any such reduction suffered
as reasonably determined by such Lender or L/C&nbsp;Issuer (which determination shall be made in good faith (and not on an arbitrary
or capricious basis) after consideration of such factors as such Lender or L/C&nbsp;Issuer then reasonably determines to be relevant).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certificates for Reimbursement</U>. A certificate of a Lender or L/C&nbsp;Issuer setting forth the amount or amounts
necessary to compensate such Lender or L/C&nbsp;Issuer or its holding company, as the case may be, as specified in paragraph (a)
or (b) of this Section, shall be delivered to Lead Borrower contemporaneously with any demand for payment and shall be conclusive
absent demonstrable error. The Borrowers shall pay such Lender or L/C&nbsp;Issuer, as the case may be, the amount shown as due
on any such certificate free of demonstrable error within 20 days after receipt thereof.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Delay in Requests</U>. Failure or delay on the part of any Lender or L/C&nbsp;Issuer to demand compensation pursuant
to this Section shall not constitute a waiver of such Lender&rsquo;s or L/C&nbsp;Issuer&rsquo;s right to demand such compensation;
<U>provided</U> that the Borrowers shall not be required to compensate a Lender or L/C&nbsp;Issuer pursuant to this Section for
any increased costs incurred or reductions suffered more than 180 days prior to the date that such Lender or L/C&nbsp;Issuer, as
the case may be, notifies Lead Borrower of the Change in Law giving rise to such increased costs or reductions, and of such Lender&rsquo;s
or L/C&nbsp;Issuer&rsquo;s demand for compensation therefor (except that, if the Change in Law giving rise to such increased costs
or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive
effect thereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Illegality</U>. Notwithstanding any other provision of this Credit Agreement, if, after the Agreement Date, any Change
in Law shall make it unlawful for any Lender to make or maintain any LIBOR Loan or to give effect to its obligations as contemplated
hereby with respect to any LIBOR Loan, then, by written notice to Lead Borrower and to the Administrative Agent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such Lender may declare that LIBOR Loans will not thereafter (for the duration of such unlawfulness) be made by such Lender
hereunder (or be continued for additional Interest Periods) and ABR Loans will not thereafter (for such duration) be converted
into LIBOR Loans, whereupon any request for a LIBOR Borrowing or to convert an ABR Borrowing to a LIBOR Borrowing or to continue
a LIBOR Borrowing, as applicable, for an additional Interest Period shall, as to such Lender only, be deemed a request for an ABR
Loan (or a request to continue an ABR Loan as such for an additional Interest Period or to convert a LIBOR Loan into an ABR Loan,
as applicable), unless such declaration shall be subsequently withdrawn; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such Lender may require that all outstanding LIBOR Loans made by it be converted to ABR Loans, in which event all such LIBOR
Loans shall be automatically converted to ABR Loans, as of the effective date of such notice as provided in the last sentence of
this paragraph.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">In the event any Lender shall exercise
its rights under clause (i) or (ii) of this paragraph, all payments and prepayments of principal that would otherwise have been
applied to repay the LIBOR Loans that would have been made by such Lender or the converted LIBOR Loans of such Lender shall instead
be applied to repay the ABR Loans made by such Lender in lieu of, or resulting from the conversion of, such LIBOR Loans, as applicable.
For purposes of this paragraph, a notice to Lead Borrower by any Lender shall be effective as to each LIBOR Loan made by such Lender,
if lawful, on the last day of the Interest Period currently applicable to such LIBOR Loan; in all other cases such notice shall
be effective on the date of receipt by Lead Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 3.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Break Funding Payments</U></FONT>. In the event of (a) the payment or prepayment of any principal of any LIBOR Loan other than
on the last day of an Interest Period applicable thereto (whether voluntary, mandatory, automatic, by reason of acceleration (including
as a result of a bankruptcy filing, or otherwise), (b) the conversion of any LIBOR Loan other than on the last day of the Interest
Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any LIBOR Loan on the date specified in any
notice delivered pursuant hereto (regardless of whether such notice may be revoked under <U>Section&nbsp;2.7(a)</U> and is revoked
in accordance therewith), or (d) the assignment of any LIBOR Loan other than on the last day of the Interest Period or maturity
date applicable thereto as a result of a request by Lead Borrower pursuant to <U>Section&nbsp;3.7(b)</U>, then, in any such event,
the Borrowers shall compensate each applicable Lender for the loss, cost and expense attributable to such event. In the case of
a LIBOR Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the
excess, if any, of (i) the amount of interest that would have accrued on the principal amount of such Loan had such event not
occurred, at the Adjusted LIBOR Rate that would have been applicable to such Loan, for the period from the date of such event
to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for
the period that would have been the Interest Period for such Loan), over (ii) the amount of interest that would accrue on such
principal amount for such period at the interest rate that such Lender would bid were it to bid, at the commencement of such period,
for Dollar deposits of a comparable amount and period from other banks in the eurocurrency market. A certificate of any Lender
setting forth (i) any amount or amounts that such Lender is entitled to receive pursuant to this Section and (ii) the calculation
of such amount or amounts shall be delivered to Lead Borrower and shall be conclusive absent demonstrable error. The Borrowers
shall pay such Lender the amount shown as due on any such certificate free of demonstrable error within 20 days after receipt
thereof.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 3.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Taxes</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Defined Terms</U>. For purposes of this <U>Section&nbsp;3.6</U>, the term &ldquo;<U>Lender</U>&rdquo; includes each L/C&nbsp;Issuer
and the term &ldquo;applicable law&rdquo; includes FATCA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payments Free of Taxes</U>. Any and all payments by or on account of any obligation of any Loan Party under any Loan
Document shall be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable
law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any
Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction
or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with
applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable 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) the applicable Recipient receives an amount equal to the sum it would have received had no such
deduction or withholding been made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payment of Other Taxes by the Loan Parties</U>. Each of 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 the payment of,
any Other Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification by the Loan Parties</U>. Each of the Loan Parties shall jointly and severally indemnify each Recipient,
within 20 days after demand therefor accompanied by a certificate, free of demonstrable error, as contemplated below in this <U>clause&nbsp;(d)</U>,
for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable
under this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and
any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered
to Lead Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on
behalf of a Lender, contemporaneously with the demand for payment shall be conclusive absent demonstrable error.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification by the Lenders</U>. Each Lender shall severally indemnify the Administrative Agent, within ten days
after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has
not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties
to do so), (ii) any Taxes attributable to such Lender&rsquo;s failure to comply with the provisions of <FONT STYLE="font-size: 10pt"><U>Section&nbsp;10.4(d)
</U>relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case,
that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall
be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts
at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any
other source against any amount due to the Administrative Agent under this paragraph (e).</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Evidence of Payments</U>. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority
pursuant to this <U>Section&nbsp;3.6</U>, 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: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Status of Lenders</U>. <STRIKE>(i)</STRIKE>(i) Any Lender that is entitled to an exemption from or reduction of withholding
Tax with respect to payments made under any Loan Document shall deliver to Lead Borrower and the Administrative Agent, at the time
or times reasonably requested by Lead Borrower or the Administrative Agent, such properly completed and executed documentation
reasonably requested by Lead 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 Lead Borrower or the Administrative Agent,
shall deliver such other documentation prescribed by applicable law or reasonably requested by Lead Borrower or the Administrative
Agent as will enable Lead Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding
or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion,
execution and submission of such documentation (other than such documentation set forth in <U>Section&nbsp;3.6(g)(ii)(A)</U>, <U>(ii)(B)</U>
and <U>(ii)(D)</U> 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: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Without limiting the generality of the foregoing,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(A)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Lender that is a U.S. Person shall deliver to Lead Borrower and the Administrative Agent on or prior to the date on
which such Lender becomes a Lender under this Credit Agreement (and from time to time thereafter upon the reasonable request of
Lead Borrower or the Administrative Agent), executed copies of IRS Form 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: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(B)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to Lead Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes
a Lender under this Credit Agreement (and from time to time thereafter upon the reasonable request of Lead Borrower or the Administrative
Agent), whichever of the following is applicable:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: justify; text-indent: 1in">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (A)
with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable,
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the &ldquo;interest&rdquo; article of
such tax treaty and (B) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E,
as applicable, 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: 0 0 12pt 1.5in; text-align: justify; text-indent: 1in">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>executed copies of IRS Form W-8ECI;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: justify; text-indent: 1in">(3)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section&nbsp;881(c)
of the Code, (A) a certificate substantially in the form of <U>Exhibit G-1</U> to the effect that such Foreign Lender is not a
&ldquo;<U>bank</U>&rdquo; within the meaning of Section&nbsp;881(c)(3)(A) of the Code, a &ldquo;10 percent shareholder&rdquo; of
a Borrower within the meaning of Section&nbsp;881(c)(3)(B) of the Code, or a &ldquo;<U>controlled foreign corporation</U>&rdquo;
described in Section&nbsp;881(c)(3)(C) of the Code (a &ldquo;<U>U.S. Tax Compliance Certificate</U>&rdquo;) and (B) executed copies
of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: justify; text-indent: 1in">(4)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form
W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantially in the form of <U>Exhibit
G-2</U> or <U>Exhibit G-3</U>, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; <U>provided</U>
that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the
portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of <U>Exhibit
G-4</U> on behalf of each such direct and indirect partner;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(C)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to Lead Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes
a Lender under this Credit Agreement (and from time to time thereafter upon the reasonable request of Lead 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 Lead 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: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(D)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA
if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section&nbsp;1471(b)
or 1472(b) of the Code, as applicable), such Lender shall deliver to Lead Borrower and the Administrative Agent at the time or
times prescribed by law and at such time or times reasonably requested by Lead Borrower or the Administrative Agent such documentation
prescribed by applicable law (including as prescribed by Section&nbsp;1471(b)(3)(C)(i) of the Code) and such additional documentation
reasonably requested by Lead Borrower or the Administrative Agent as may be necessary for Lead 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 clause (D), &ldquo;FATCA&rdquo;
shall include any amendments made to FATCA after the date of this Credit Agreement.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; 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 Lead 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: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Treatment of Certain Refunds</U>. If any party determines, in its sole discretion exercised in good faith, that it has
received a refund of any Taxes as to which it has been indemnified pursuant to this <U>Section&nbsp;3.6</U> (including by the payment
of additional amounts pursuant to this <U>Section&nbsp;3.6</U>), it shall pay to the indemnifying party an amount equal to such
refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund),
net of all reasonable out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified
party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (h) (<U>plus</U> any penalties, interest
or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay
such refund to such Governmental Authority. In such event, such indemnified party shall, at any indemnifying party&rsquo;s request,
provide such any indemnifying party with a copy of any notice of assessment or other evidence of the requirement to repay such
refund received from the relevant Governmental Authority (provided that such indemnified party may delete, redact or withhold any
information therein that it deems confidential). Notwithstanding anything to the contrary in this paragraph (h), in no event will
the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (h) that the indemnified
party determines in good faith the payment of which would place the indemnified party in a less favorable net after-Tax position
than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been
deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never
been paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Survival</U>. Each party&rsquo;s obligations under this <U>Section&nbsp;3.6</U> shall survive the resignation or replacement
of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender and the Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Confidentiality</U>. Nothing contained in this Section shall require any Credit Party or any other indemnified party
to make available any of its Tax returns (or any other information that it deems to be confidential or proprietary) to the indemnifying
party or any other Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 3.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Mitigation Obligations; Replacement of Lenders</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Designation of a Different Lending Office</U>. If any Lender requests compensation under <U>Section&nbsp;3.4</U>, or
requires the Borrowers to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the
account of any Lender pursuant to <U>Section&nbsp;3.6</U>, then such Lender shall (at the request of Lead Borrower) use reasonable
efforts to designate a different Applicable Lending Office for funding or booking its Loans hereunder or to assign its rights
and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation
or assignment (i) would eliminate or reduce amounts payable pursuant to <U>Section&nbsp;3.4</U> or <U>Section&nbsp;3.6</U>, as
the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise
be disadvantageous to such Lender. The Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender
in connection with any such designation or assignment.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Replacement of Lenders</U>. If any Lender (or its Participant) requests compensation under <U>Section&nbsp;3.4</U> or
if the Borrowers are required to pay any Indemnified Taxes or additional amounts to any Lender (or its Participant) or any Governmental
Authority for the account of any Lender (or its Participant) pursuant to <U>Section&nbsp;3.6</U> and, in each case, such Lender
(or its Participant) has declined or is unable to designate a different Applicable Lending Office in accordance with <U>Section&nbsp;3.7(a)</U>,
or if any Lender is a Defaulting Lender or a Non-Consenting Lender or a Non-Extending Lender, or if any Lender enters into (or
purports to enter into) an assignment or participation with a Disqualified Institution in violation of this Credit Agreement, or
if any Lender becomes the subject of a Bail-In Action (or any case or other proceeding in which a Bail-In Action may occur), or
if any Lender that is an Affected Financial Institution ceases to have investment grade ratings from both S&amp;P and Moody&rsquo;s,
then Lead Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender
to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required
by, <U>Section&nbsp;10.4</U>), all of its interests, rights (other than its existing rights to payments pursuant to <U>Section&nbsp;3.4</U>
or <U>Section&nbsp;3.6</U>) and obligations under this Credit Agreement and the related Loan Documents to an Eligible Assignee
that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); <U>provided</U>
that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>unless waived by the Administrative Agent in its sole discretion, the Borrowers shall have paid to the Administrative Agent
the assignment fee (if any) specified in <U>Section&nbsp;10.4</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations
in L/C Obligations, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan
Documents (including any amounts under <U>Section&nbsp;3.5</U>) 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);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>in the case of any such assignment resulting from a claim for compensation under <U>Section&nbsp;3.4</U> or payments required
to be made pursuant to <U>Section&nbsp;3.6</U>, such assignment is reasonably expected by Lead Borrower, acting reasonably and
in good faith, to result in a reduction in such compensation or payments;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such assignment does not conflict with applicable law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>in the case of any assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have
consented (or is willing to consent upon becoming a Lender) to the applicable amendment, waiver or consent (if Lead Borrower is
continuing to pursue such amendment, waiver or consent); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>in the case of any assignment resulting from a Lender becoming a Non-Extending Lender, the applicable assignee shall have
agreed (or is willing to agree upon assuming such assigned interest) to the applicable Extension with respect to such assigned
interest, and the conditions to effectuating such Extension shall have been satisfied (or will be satisfied upon such assignee&rsquo;s
agreement thereto upon assuming such assigned interest).</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">A Lender shall not be required to make
any such assignment or delegation if, prior to such assignment or delegation and within ten (10) Business Days after such circumstances
first arise, as a result of a waiver by such Lender or otherwise, the circumstances entitling Lead Borrower to require such assignment
and delegation cease to apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
4<BR>
<BR>
Conditions Precedent to Credit Extensions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 4.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Conditions to Initial Credit Extensions</U></FONT>. The effectiveness of this Credit Agreement and the obligation of each Lender
and L/C&nbsp;Issuer to make its initial Credit Extension hereunder on the Closing Date is subject to satisfaction or waiver of
the following conditions precedent (except to the extent such conditions may be satisfied after the Closing Date pursuant to <U>Section
6.16</U>):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Credit Agreement</U>. The Administrative Agent shall have received a counterpart of this Credit Agreement, duly executed
by each Borrower and each Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notes</U>. The Administrative Agent shall have received a Note for each Lender that shall have requested one at least
one Business Day prior to the Closing Date, duly executed by each Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Legal Opinion(s)</U>. The Administrative Agent shall have received favorable written opinion(s) of Foley &amp; Lardner
LLP, as special New York counsel for the Loan Parties and any applicable local counsel (if any) for the Loan Parties, in each case
in form and substance reasonably satisfactory to the Administrative Agent and customary for transactions of this type.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Secretary&rsquo;s Certificate</U>. The Administrative Agent shall have received a certificate of a Responsible Officer,
director, secretary, an assistant secretary or a similar officer of each Loan Party, dated as of the Closing Date, in form and
substance reasonably satisfactory to the Administrative Agent, (i) attaching (A) certified copies of such Loan Party&rsquo;s organizational
documents, (B) resolutions of its board of directors, board of managers, shareholders (if required) or analogous Person authorizing
the execution, delivery and performance of the Loan Documents to which such Loan Party is a party, and (C) good standing certificates
(or equivalent) issued by the Secretary of State (or analogous officer) of the jurisdiction of such Loan Party&rsquo;s incorporation
or formation (if available) and (ii) certifying as to the incumbency of its officers executing the Loan Documents to which it is
a party on its behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Fees and Expenses</U>. Substantially contemporaneously with the making of the Loans to be made on the Closing Date, the
Borrowers shall have paid all fees and expenses that under the terms hereof or of the Fee Letters are due and payable on or prior
to the Closing Date, as well as the reasonable and documented fees, disbursements and other charges of counsel to the Administrative
Agent and each of the Arrangers to the extent invoiced at least one Business Day prior to the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Collateral and Guarantee Requirement</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent shall have received the Guarantee Agreement, the HK Guarantee Agreement, the Security Agreement,
the Rosenthal Collateral Assignment, the HK Collateral Document and any applicable Copyright Security Agreements, Patent Security
Agreements and Trademark Security Agreements, in each case in form and substance reasonably satisfactory to the Administrative
Agent and the Lenders and duly executed by each Loan Party that is a party thereto;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> The Administrative Agent shall have received a Control Agreement for the Rosenthal Collection Account, in form and substance
reasonably satisfactory to the Administrative Agent and duly executed by Lead Borrower and JPMorgan Chase Bank, N.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>[Reserved].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent shall have received a Perfection Certificate duly executed by the Loan Parties and shall have received
the results of a search of UCC filings (or equivalent filings) and the results of tax, bankruptcy and judgment lien searches and
evidence satisfactory to the Administrative Agent that the Liens indicated in any such financing statement (or other document)
would be permitted under <U>Section 7.2</U> or have been or will be contemporaneously released or terminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent and the Lenders shall have received, reviewed and be satisfied with a remote field examination
of the Collateral (which field examination shall have been performed, at the Borrowers&rsquo; expense, by a field examiner reasonably
satisfactory to the Administrative Agent).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Solvency Certificate</U>. The Administrative Agent shall have received a Solvency Certificate attesting to the Solvency
of Lead Borrower and its Subsidiaries (taken as a whole) on the Closing Date immediately before and upon giving effect to the Transactions,
from a Financial Officer of Lead Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Committed Loan Notice; Letter of Credit Application</U>. The Administrative Agent shall have received a completed Committed
Loan Notice and/or Letter of Credit Application, duly executed by a Responsible Officer of Lead Borrower with respect to any Credit
Extensions to be made on the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Insurance</U>. The Administrative Agent shall have received evidence that all insurance required to be maintained pursuant
to the Loan Documents has been obtained and is in effect and that the Administrative Agent has been named as lender&rsquo;s loss
payee and/or additional insured, as applicable, under each insurance policy with respect thereto and all endorsements have been
delivered, in each case in accordance with the terms of the Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Pro Forma Borrowing Base Certificate; Closing Date Availability</U>. The Administrative Agent shall have received a certificate,
dated as of the Closing Date and signed by a Financial Officer of the Borrowers, setting forth reasonably detailed calculations
of the Borrowing Base as of a recent date acceptable to the Administrative Agent. On the Closing Date, before and immediately after
giving effect to any Credit Extensions to be made on the Closing Date and all other Transactions occurring on the Closing Date,
the Borrowers shall have Availability of at least $60,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>USA PATRIOT Act; KYC</U>. At least five days prior to the Closing Date, each Lender shall have received, in each case,
to the extent requested in writing at least ten Business Days prior to the Closing Date:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any and all documentation and other information requested by such Lender in connection with applicable &ldquo;know your
customer&rdquo; and anti-money-laundering rules and regulations, including the USA PATRIOT Act; and</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> to the extent any Borrower constitutes a &ldquo;legal entity customer&rdquo; under the Beneficial Ownership Regulation,
a completed Beneficial Ownership Certification in relation to such Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Material Adverse Effect</U>. Since December 31, 2019, there shall not have occurred a Material Adverse Effect (excluding,
for the avoidance of doubt, changes or effects arising out of or otherwise related to the impact of the COVID-19 pandemic, as described
in any Form 10-K, Form 10-Q or Form 8-K filed by Lead Borrower with the Securities and Exchange Commission prior to the Closing
Date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Accuracy of Representations and Warranties; No Default</U>. (i) The representations and warranties contained in the Loan
Documents shall be true and correct in all material respects on and as of the Closing Date; <U>provided</U> that, to the extent
that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material
respects as of such earlier date; <U>provided further</U> that any representation and warranty that is qualified as to &ldquo;materiality,&rdquo;
&ldquo;Material Adverse Effect&rdquo; or similar language shall be true and correct (after giving effect to any qualification therein)
in all respects on such respective dates and (ii) no Default shall have occurred or be continuing or shall result from any Credit
Extension on the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Officer Certificate</U>. The Administrative Agent shall have received a certificate, dated as of the Closing Date and
signed by a Responsible Officer of Lead Borrower confirming that certain conditions precedent set forth in this <U>Section 4.1</U>
have been satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Existing Credit Agreement Refinancing</U>. Except for Indebtedness permitted under <U>Section 7.1</U>, substantially
contemporaneously with the Credit Extensions on the Closing Date, the existing credit facility evidenced by Section&nbsp;8 of that
certain Collection Agency Agreement dated July&nbsp;10, 2009 between Lead Borrower and Rosenthal, as amended from time to time
and in effect immediately prior to the effectiveness of this Credit Agreement, and all commitments thereunder shall have been terminated,
all obligations thereunder shall have been paid in full (other than obligations that are contingent in nature or unliquidated at
such time, which under the terms of such agreement or related loan documents expressly survive such payment and termination) and
all documentation necessary to release or terminate, as applicable, security interests and guarantees in respect thereof shall
have been delivered to the Administrative Agent or its counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indebtedness</U>. After giving effect to the initial Credit Extensions on the Closing Date, none of the Loan Parties
or any of their Subsidiaries shall have any material Indebtedness for borrowed money other than (i) the Credit Facility and (ii)
other Indebtedness for borrowed money permitted under <U>Section 7.1</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Diligence</U>. The Administrative Agent and each of the Lenders shall be satisfied with the results of their legal due
diligence with respect to the Loan Parties and the Transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">For purposes of determining whether
the Closing Date has occurred, each Lender that has executed this Credit Agreement shall be deemed to have consented to, approved
or accepted, or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable
or satisfactory to the Arrangers, Administrative Agent or such Lender, as the case may be, unless such Lender has provided written
notice to the Administrative Agent (with a copy to Lead Borrower) of any disagreement prior to the initial Credit Extensions hereunder.
The Administrative Agent shall promptly notify Lead Borrower and the Lenders of the effectiveness of this Credit Agreement, and
such notice shall be conclusive and binding.</P>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 4.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Conditions to All Credit Extensions</U>. The obligation of each Lender or L/C&nbsp;Issuer, as the case may be, to honor
any Request for Credit Extension (other than a Committed Loan Notice requesting only a conversion of Loans to the other Type,
or a continuation of LIBOR Loans) is subject to the satisfaction (or waiver) of the conditions in <U>Section&nbsp;4.1</U> (with
respect to the initial Credit Extension only) and the following additional conditions precedent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of the representations and warranties of the Loan Parties set forth in the Loan Documents shall be true and correct
in all material respects, in each case on and as of such date as if made on and as of such date, <U>provided</U> that to the extent
that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material
respects as of such earlier date; <U>provided further</U> that any representation and warranty that is qualified as to &ldquo;materiality&rdquo;,
&ldquo;Material Adverse Effect&rdquo; or similar language shall be true and correct (after giving effect to any qualification therein)
in all respects on such respective dates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Default shall exist, or would exist upon giving effect to such proposed Credit Extension or the application of the proceeds
therefrom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> The Administrative Agent and, if applicable, the applicable L/C&nbsp;Issuer or the Swingline Lender shall have received
a Request for Credit Extension in accordance with the requirements hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Upon giving effect to such proposed Credit Extension, the Total Revolving Outstandings (other than any Overadvances and
Protective Advances to the extent permitted hereunder) shall not exceed the Line Cap, and the Total Revolving Outstandings shall
not exceed the Revolving Credit Maximum Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Each Request for Credit Extension (other
than a Committed Loan Notice requesting only a conversion of Loans to the other Type or a continuation of LIBOR Loans) submitted
by Lead Borrower shall be deemed to be a representation and warranty that the applicable conditions specified in <U>Sections&nbsp;4.2(a)</U>
and, if applicable, <U>(b)</U> have been satisfied on and as of the date of the applicable Credit Extension.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
5<BR>
<BR>
Representations and Warranties</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">On the Closing Date and the date of each Credit Extension,
to the extent provided in <U>Section 4.2</U>, and on any other date expressly provided in the Loan Documents, each Borrower represents
and warrants to the Administrative Agent and the Lenders that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Existence, Qualification and Power; Compliance with Laws</U></FONT>. Each Loan Party and each of its Subsidiaries (a) is duly
incorporated, organized or formed, and validly existing and, where applicable, in good standing (or equivalent) under the laws
of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority to (i) own or lease its assets
and carry on its business as now conducted and (ii) execute, deliver and perform its obligations under the Loan Documents to which
it is a party, (c) is duly qualified and, where applicable, in good standing (or equivalent) under the laws of each jurisdiction
where its ownership, lease or operation of properties or the conduct of its business requires such qualification, and (d) has
all requisite governmental licenses, authorizations, consents and approvals to operate its business as currently conducted; except
in each case referred to in clauses (a) (other than with respect to the Loan Parties), (b) (other than with respect to the Loan
Parties), (c) or (d), to the extent that failure to do so could not, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect. Each Loan Party and each of its Subsidiaries is in compliance with all laws, rules, regulations
and orders of any Governmental Authority applicable to it or its property and maintains all permits and licenses necessary to
conduct its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Authorization; No Contravention</U></FONT>. The execution, delivery and performance by each Loan Party of each Loan Document
to which such Loan Party is a party, and the consummation of the Transactions, are within such Loan Party&rsquo;s corporate, limited
liability company or other analogous powers, have been duly authorized by all necessary corporate, limited liability company or
other analogous action required to be obtained by such Loan Parties, and do not and will not (a) contravene the terms of any of
such Person&rsquo;s Organizational Documents, (b) conflict with or result in any breach or contravention of, or the creation of
any Lien under (other than under the Loan Documents), or require any payment to be made under (i) any Contractual Obligation (other
than the Loan Documents) to which such Person is a party or affecting such Person or the properties of such Person or any of its
Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person
or its property is subject; or (c) violate any law applicable to such Loan Party or its property; except with respect to any conflict,
breach or contravention or payment (but not creation of Liens) referred to in clause (b)(i), to the extent that such conflict,
breach, contravention or payment could not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Governmental Authorization; Other Consents</U></FONT>. No approval, consent, exemption, authorization, or other action by, or
notice to, or filing with, any Governmental Authority is necessary or required to be made or obtained by any Loan Party in connection
with (a)&nbsp;the execution, delivery or performance by, or enforcement against, any Loan Party of any Loan Document to which it
is a party, or for the consummation of the Transactions, (b)&nbsp;the grant by any Loan Party of the Liens granted by it pursuant
to the Collateral Documents, (c)&nbsp;the perfection or maintenance of the Liens created under the Collateral Documents (including
the priority thereof), to the extent contemplated by the Collateral and Guarantee Requirement, or (d)&nbsp;the exercise by the
Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral pursuant
to the Loan Documents, except for (i)&nbsp;notices, filings, recordings and agreements necessary to satisfy the Collateral and
Guarantee Requirement, and (ii)&nbsp;the approvals, consents, exemptions, authorizations, actions, agreements, notices and filings
which have been duly obtained, taken, given or made and are in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Binding Effect</U></FONT>. Each Loan Document has been duly executed and delivered by each Loan Party that is party thereto
and constitutes a legal, valid and binding obligation of each such Loan Party, enforceable in accordance with its terms, subject
to applicable bankruptcy, insolvency, reorganization, moratorium or other similar 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Financial Statements; No Material Adverse Effect</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The most recent audited financial statements delivered under <U>Section 6.1(a)</U> (or the Audited Financial Statements,
before the first delivery under said Section) and the most recent unaudited financial statements delivered under <U>Section 6.1(b)</U>
(or the Unaudited Financial Statements, before the first delivery under said Section) fairly present in all material respects the
consolidated financial condition of Lead Borrower and its Subsidiaries, as applicable, as of the dates thereof and its results
of operations for the period covered thereby in accordance with GAAP consistently applied throughout the periods covered thereby,
subject, in the case of unaudited financial statements, to normal year-end audit adjustments and the absence of footnotes and except
as otherwise noted therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since December 31, 2019, there has been no event or circumstance, either individually or in the aggregate, that has had
or could reasonably be expected to have a Material Adverse Effect (excluding, for the avoidance of doubt, events or circumstances
related to the COVID-19 pandemic, as described in any Form 10-K, Form 10-Q or Form 8-K filed by Lead Borrower with the Securities
and Exchange Commission prior to the Closing Date).</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Litigation</U></FONT>. There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending
against any Loan Party or, to the knowledge of any Borrower, threatened in writing against the Loan Parties or any of their Subsidiaries
that (a) could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or (b) involve any Loan
Document or the Transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Environmental Matters</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except for Environmental Claims which have been fully resolved with no remaining material obligations or conditions and
matters that could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>each Loan Party and its Subsidiaries possess all Environmental Permits required under applicable Environmental Law to conduct
their respective businesses and are, and within applicable statutes of limitation, have been, in material compliance with the terms
of such Environmental Permits. No Loan Party or any of its Subsidiaries has received written notice that any Environmental Permits
possessed by any of them will be revoked, suspended or will not be renewed;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the execution and delivery of this Credit Agreement and the consummation by the Loan Parties of the Transactions does not
require any notification, registration, reporting, filing, investigation, or environmental response action under any Environmental
Law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>each of the Loan Parties and their Subsidiaries are currently, and within applicable statutes of limitation, have been,
in material compliance with all applicable Environmental Law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>no Loan Party nor any of its Subsidiaries has received (A) notice of any pending or threatened (in writing) civil, criminal
or administrative action, suit, demand, claim, hearing, notice of violation, investigation, notice or demand letter or request
for information under any Environmental Law, or (B) notice of actual or potential liability under any Environmental Law including
any Environmental Liability that such Loan Party or Subsidiary may have retained or assumed either contractually or by operation
of law or of any Environmental Claim, in either case with respect to clauses (A) or (B) that reasonably could be expected to result
in material expenditure by such Loan Party or Subsidiary. No Borrower has knowledge of any circumstances that reasonably could
be expected to result in a material Environmental Liability;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>as of the Agreement Date: (A)&nbsp;no property or facility currently, or to the knowledge of any Borrower, formerly owned,
operated or leased by any Loan Party or any of its current or former Subsidiaries or by any respective predecessor in interest,
and (B)&nbsp;no property at which Hazardous Materials generated, owned or controlled by any Loan Party, any of its present or former
Subsidiaries or, to the knowledge of any Borrower, any predecessor in interest have been stored, treated or disposed of, have been
identified by a Governmental Authority as recommended for or requiring or potentially requiring environmental assessment and/or
response actions under Environmental Law;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> (A) there has been no disposal, spill, discharge or Release of any Hazardous Material generated, used, owned, stored or
controlled by any Loan Party, any of its Subsidiaries or, to the knowledge of any Borrower, any predecessor in interest, on, at
or under any property currently or, to the knowledge of any Borrower, formerly owned, operated or leased by any Loan Party, any
of its current or former Subsidiaries or any predecessor in interest, (B) there are no Hazardous Materials located in, at, on or
under such facility or property, or at any other location, in either case (A) or (B), that reasonably could be expected to require
investigation, removal, remedial or corrective measures by any Loan Party or any of its Subsidiaries or that reasonably could result
in material liabilities of, or material losses, damages or costs to any Loan Party or any of its Subsidiaries under any Environmental
Law, and (C) neither the Loan Parties nor any of their Subsidiaries has retained or assumed any liability contractually or by operation
of law with regard to the generation, treatment, storage or disposal of Hazardous Materials or compliance with Environmental Law
that could reasonably be expected to result in material expenditures by any Loan Party or any of its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(A) there has not been any underground or aboveground storage tank or other underground storage receptacle or related piping,
or any impoundment or other disposal area in each case containing Hazardous Materials located on any facility or property owned,
leased or operated by any Loan Party or any of its Subsidiaries, and (B) no asbestos or polychlorinated biphenyls have been used
or disposed of, or have been located at, on or under any facility or property owned, leased or operated by any Loan Party or any
of its Subsidiaries , in either case (A) or (B) except in material compliance with applicable Environmental Laws or as would not
result in material Environmental Liability;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to the knowledge of the Loan Parties, no Lien has been recorded against any properties, assets or facilities owned, leased
or operated by any Loan Party or any of its Subsidiaries under any Environmental Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Loan Parties and their Subsidiaries have provided to the Administrative Agent and its authorized representatives all
material records and files, including all material assessments, reports, studies, analyses, audits, tests and data in their possession
or under their control concerning any Environmental Claim, the existence of Hazardous Materials or any other environmental concern
at properties, assets or facilities currently or formerly owned, operated or leased by any Loan Party or any of their present or
former Subsidiaries or predecessor in interest, or concerning compliance by any Loan Party or any such Subsidiary with, or liability
under any Environmental Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Ownership of Properties; Liens</U></FONT>. Each Loan Party and each of its Subsidiaries (a) has good title to, valid leasehold
interests in or other rights to use, all its real and personal property material to its business, in each case, subject to Liens
permitted under this Credit Agreement and except for defects in title that do not materially interfere with its ability to conduct
its business as currently conducted or to utilize such properties and assets for their intended purposes, (b) owns, or is entitled
to use, all trademarks, service marks, trade names, domain names, copyrights, patents, patent rights, technology, software, know-how
database rights, design rights and other intellectual property rights material to its business, and the use thereof by the Loan
Parties and their respective Subsidiaries does not, to the knowledge of the Borrowers, 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, and (c) except to the extent otherwise permitted under <U>Section 6.4</U>, (i) has complied in all material respects
with all obligations under all material leases to which it is a party and all such leases are in full force and effect and (ii)
enjoys peaceful and undisturbed possession under all such material leases.</P>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Casualty,&nbsp;Etc</U>. Neither the businesses nor the properties of any Loan Party or any of its Subsidiaries are affected
by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God
or of the public enemy or other casualty (whether or not covered by insurance) that, either individually or in the aggregate,
could reasonably be expected to have a Material Adverse Effect (excluding, for the avoidance of doubt, changes or effects arising
out of or otherwise related to the impact of the COVID-19 pandemic, as described in any Form 10-K, Form 10-Q or Form 8-K filed
by Lead Borrower with the Securities and Exchange Commission prior to the Closing Date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Investment Company Status</U></FONT>. No Loan Party or any of its Subsidiaries is an &ldquo;investment company&rdquo; as defined
in, or subject to regulation under, the Investment Company Act of 1940.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Taxes</U></FONT>. Each Loan Party and each of its Subsidiaries has timely filed or caused to be filed all federal, provincial,
state, municipal, foreign and other Tax returns and reports required to be filed, and have timely paid all federal, provincial,
state, municipal, foreign and other Taxes levied or imposed upon them or their properties, income or assets otherwise due and payable,
except (a) those which are being Contested in Good Faith, and/or (b) failures to file or pay as could not, either individually
or in the aggregate, reasonably be expected to result in a Material Adverse Effect. There are no Tax audits, deficiencies, assessments
or other Tax claims with respect to any Loan Party or any of its Subsidiaries that could, either individually or in the aggregate,
reasonably be expected to result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>ERISA</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Loan Party and each of its ERISA Affiliates is in compliance in all material respects with the applicable provisions
of ERISA and the Code and the regulations and published interpretations thereunder. No ERISA Event has occurred or is reasonably
expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur,
could reasonably be expected to result in a Material Adverse Effect. No event described in Section&nbsp;4062(e) of ERISA has occurred
and is continuing with respect to any Pension Plan. The present value of all accumulated benefit obligations under each Pension
Plan (based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the date
of the most recent financial statements reflecting such amounts, exceed the fair market value of the assets of such Pension Plan
by a material amount, and the present value of all accumulated benefit obligations of all underfunded Pension Plans (based on the
assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent
financial statements reflecting such amounts, exceed the fair market value of the assets of all such underfunded Pension Plans
by a material amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Pension Plan that is intended to qualify under Section&nbsp;401(a) of the Code has received a favorable determination
letter from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto and, to the
knowledge of the Borrower, nothing has occurred which would prevent, or cause the loss of, such qualification. Each Loan Party
and ERISA Affiliate has made all required contributions to each Pension Plan subject to Section&nbsp;412 of the Code, and no application
for a funding waiver pursuant to Section&nbsp;412 of the Code has been made with respect to any Pension Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There are no pending or, to the knowledge of the Borrowers, threatened (in writing) claims, actions, or lawsuits, or action
by any Governmental Authority, with respect to any Pension Plan. There has been no violation of the fiduciary responsibility rules
of ERISA with respect to any Pension Plan.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> No Loan Party or ERISA Affiliate (i) has incurred, or reasonably expects to incur, any material liability under Title IV
of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section&nbsp;4007 of ERISA), (ii) has
incurred, or reasonably expects to incur, any material liability (and no event has occurred which, with the giving of notice under
Section&nbsp;4219 of ERISA, would result in such liability) under Section&nbsp;4201 of ERISA with respect to a Multiemployer Plan,
and (iii) has engaged in a transaction that could reasonably be expected to be subject to Section&nbsp;4069 or Section&nbsp;4212(c)
of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No such Pension Plan or trust created thereunder, or party in interest (as defined in Section&nbsp;3(14) of ERISA), or any
fiduciary (as defined in Section&nbsp;3(21) of ERISA), has engaged in a &ldquo;prohibited transaction&rdquo; (as such term is defined
in Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Code) which would subject such Pension Plan or any other plan of any Loan
Party or any of its ERISA Affiliates, any trust created thereunder, or any such party in interest or fiduciary, or any party dealing
with any such Pension Plan or any such trust, to any material penalty or tax on &ldquo;prohibited transactions&rdquo; imposed by
Section&nbsp;502 of ERISA or Section&nbsp;4975 of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>With respect to any Foreign Plan, (i)&nbsp;all employer and employee contributions required by the law of the applicable
foreign jurisdiction or by the terms of the Foreign Plan have been made, or, if applicable, accrued, in accordance with normal
accounting practices; (ii)&nbsp;the fair market value of the assets of each funded Foreign Plan, the liability of each insurer
for any Foreign Plan funded through insurance, or the book reserve established for any Foreign Plan, together with any accrued
contributions, is sufficient to procure or provide for the accrued benefit obligations with respect to all current and former participants
in such Foreign Plan according to the actuarial assumptions and valuations most recently used to account for such obligations in
accordance with applicable generally accepted accounting principles; and (iii)&nbsp;it has been registered if required by the law
of the applicable foreign jurisdiction and has been maintained in good standing with the applicable regulatory authorities of such
jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.13<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Subsidiaries; Equity Interests</U></FONT>. As of the Agreement Date, no Loan Party has any direct or indirect Subsidiaries or
equity Investments in, or joint ventures or partnerships with, any Person, except as disclosed in <U>Schedule&nbsp;5.13</U>. Such
Schedule sets forth, as of the Agreement Date, (a) the name and jurisdiction of organization or incorporation of each Subsidiary
and identifies each Subsidiary that is an Excluded Subsidiary or a Subsidiary Guarantor on the Agreement Date, (b) the ownership
interest of each Loan Party and its Subsidiaries in each of their respective Subsidiaries, including the percentage of such ownership
and (c) identifies each Person the Equity Interests of which are required to be pledged on the Closing Date pursuant to the Collateral
and Guarantee Requirement. All of the issued and outstanding Equity Interests owned by any Loan Party in its Subsidiaries have
been duly authorized and issued and are fully paid and non-assessable and are free and clear of all Liens other than Liens permitted
under this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.14<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Insurance</U></FONT>. <U>Schedule&nbsp;5.14</U> sets forth a description of all material insurance maintained by or on behalf
of the Loan Parties and their Subsidiaries on the Agreement Date (including names of carriers, policy number, expiration dates,
insurance types and coverage amounts). As of the Agreement Date, such insurance is in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.15<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Federal Reserve Regulations, Etc</U></FONT>. Neither any Loan Party nor any of its Subsidiaries is engaged principally, or
as one of their important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock.
Immediately before and upon giving effect to the making of each Loan and the issuance of each Letter of Credit, Margin Stock will
constitute less than 25% of each Loan Party&rsquo;s assets as determined in accordance with Regulation U. No part of the proceeds
of any Loan or any Letter of Credit will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately,
(a) to purchase, acquire or carry any Margin Stock (other than repurchases made by Lead Borrower of its Equity Interests in compliance
with Regulation U) or (b) for any purpose that entails a violation of the provisions of the regulations of the Board, including
Regulation T, U or X.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.16<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Collateral Documents</U></FONT>. The Security Agreement and the HK Collateral Agreement, upon execution and delivery thereof
by the parties thereto, and in respect of the HK Collateral Agreement, upon effecting the registrations with the Hong Kong Companies
Registry, will create in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, to the extent contemplated
by the Collateral and Guarantee Requirement, a legal, valid and enforceable security interest in the Collateral (as defined in
the Security Agreement) and the proceeds thereof, subject to (a)&nbsp;the effects of bankruptcy, insolvency, moratorium, reorganization,
administration, examinership, fraudulent conveyance or other similar laws affecting creditors&rsquo; rights generally and (b)&nbsp;general
principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), and, to the
extent contemplated by the Collateral and Guarantee Requirement, (i)&nbsp;when the Pledged Equity Interests (other than uncertificated
Equity Interests) and the Pledged Debt Securities (as each such term is defined in the Security Agreement) required to be delivered
under the Security Agreement are, in fact, delivered to the Administrative Agent together with the proper endorsements, the Lien
created under the Security Agreement shall constitute a fully perfected first priority (subject to (x) Permitted Encumbrances arising
under, and having priority by operation of, applicable law, and (y) Liens permitted pursuant to <U>Section 7.2(e)</U>) Lien on,
and security interest in, all right, title and interest of the Loan Parties in such Pledged Equity Interests and Pledged Debt Securities
to the extent that the laws of the United States or any state, commonwealth or other political subdivision thereof govern the creation
and perfection of any such security interest, in each case prior and superior in right to any other Lien or right of any other
Person (subject to (x) Permitted Encumbrances arising under, and having priority by operation of, applicable law, and (y) Liens
permitted pursuant to <U>Section 7.2(e)</U>) and (ii)&nbsp;when financing statements in appropriate form are duly filed in the
offices specified on <U>Schedule&nbsp;5.16</U> and, with respect to Collateral consisting of Intellectual Property, when the Security
Agreement (or Copyright Security Agreements, Patent Security Agreements and/or Trademark Security Agreements, as applicable) are
filed with the United States Patent and Trademark Office or the United States Copyright Office, as applicable, and in each case,
all applicable filing fees have been paid, the Lien created under the Security Agreement will constitute a fully perfected Lien
on, and security interest in, all right, title and interest of the Loan Parties in the Collateral to the extent such security interest
may be perfected by the filing of a UCC financing statement and, with respect to Intellectual Property, the filing of such Copyright
Security Agreements, Patent Security Agreements and/or Trademark Security Agreements with the United States Patent and Trademark
Office or the United States Copyright Office, as applicable (it being understood that subsequent recordings in the United States
Patent and Trademark Office and the United States Copyright Office may be necessary to perfect a Lien on material Intellectual
Property acquired by the Loan Parties after the Agreement Date), in each case subject to (y) Section 9-315 of the UCC in the case
of proceeds of Collateral and (z) any Liens expressly permitted by <U>Section&nbsp;7.2</U>. Notwithstanding anything herein (including
this Section) or in any other Loan Document to the contrary, no Borrower or any other Loan Party makes any representation or warranty
as to the effects of perfection or non-perfection, the priority or the enforceability of any pledge of or security interest in
any Equity Interests of any Foreign Subsidiary (other than the Hong Kong Guarantor), or as to the rights and remedies of the Administrative
Agent or the Secured Parties with respect thereto, under foreign law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.17<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Solvency</U></FONT>. Immediately before and immediately after the consummation of each Transaction, the Loan Parties and their
respective Subsidiaries (taken as a whole) are Solvent.</P>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.18<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Anti-Corruption Laws; Sanctions; Anti-Terrorism Laws</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Loan Party, its Subsidiaries and their respective officers, employees and, to Lead Borrower&rsquo;s knowledge, their
directors and agents, are in compliance in all material respects with Anti-Corruption Laws and applicable Sanctions. Neither any
Loan Party, any of its Subsidiaries or, to the knowledge Lead Borrower, any of their respective directors, officers or employees
is a Sanctioned Person. Each Loan Party and each of its Subsidiaries has implemented and maintains in effect policies and procedures
reasonably designed to promote and achieve compliance by the Loan Party, its Subsidiaries and their respective directors, officers,
employees and agents with Anti-Corruption Laws and all applicable Sanctions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Loan or Letter of Credit, use of the proceeds of any Loan or Letter of Credit, or other transactions contemplated hereby,
will violate Anti-Corruption Laws or applicable Sanctions. No part of the proceeds of the Loans or the Letters or Credit will be
used, directly or, to the knowledge of Lead Borrower, indirectly, for any payments to any governmental official or employee, political
party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to
obtain, retain or direct business or obtain any improper advantage, in each case in violation of the Anti-Corruption Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither the making of the Loans hereunder nor the use of the proceeds thereof will violate the any regulations passed under
the USA PATRIOT Act or will violate the Trading with the Enemy Act, the International Emergency Economic Powers Act, or any regulations
passed thereunder, including the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle
B, Chapter V) or any enabling legislation or executive order relating thereto or successor statute thereto (together with Sanctions,
&ldquo;<U>Anti-Terrorism Laws</U>&rdquo;). Each Loan Party and each of its Subsidiaries are in compliance with applicable Anti-Terrorism
Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.19<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Accuracy of Information, Etc</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Loan Party has disclosed to the Credit Parties all agreements, instruments and corporate or other restrictions to which
it or any of its Subsidiaries is subject, and all other matters known to it, that, in each case, individually or in the aggregate,
could reasonably be expected to result in a Material Adverse Effect. The written reports, financial statements, certificates or
other written information concerning Lead Borrower and its Subsidiaries furnished by or on behalf of any Loan Party to any Credit
Party pursuant to the terms of this Credit Agreement or in connection with the transactions contemplated hereby and the negotiation
of this Credit Agreement or delivered hereunder or under any other Loan Document (in each case as modified or supplemented by other
written information so furnished from time to time), when taken as a whole, did not contain any material misstatement of fact as
of the date such information was furnished to such Credit Party (and as of the Agreement Date, with respect to information provided
prior thereto) or omit to state any material fact necessary to make the statements therein, taken as a whole, not materially misleading
in light of the circumstances under which such statements were made, <U>provided</U> that, notwithstanding anything herein to the
contrary, with respect to projections and any other forward-looking statements, the Loan Parties represent only that such projections
and statements were prepared in good faith based upon assumptions believed to be reasonable at the time (it being understood that
such projections and statements are as to future events and are not to be viewed as facts, that such projections and statements
are subject to significant uncertainties and contingencies and that actual results during the period or periods covered by any
such projections and statements may differ significantly from the projected results, and that no assurance can be given that the
projected results will be realized).</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> As of the Closing Date, the information included in the Beneficial Ownership Certification is true and correct in all material
respects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.20<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Labor Matters</U></FONT>. There are no strikes, lockouts or slowdowns against any Loan Party or any of its Subsidiaries pending
or, to the knowledge of any Borrower, threatened in writing. The hours worked by and payments made to employees of the Loan Parties
and their Subsidiaries are not in violation in any material respect of the Fair Labor Standards Act or any other applicable Federal,
state, local or foreign law dealing with such matters. All material payments due from the Loan Parties or any of their Subsidiaries,
or for which any claim may be made against any of the Loan Parties or any of their Subsidiaries, on account of wages and employee
health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of such Loan Party or such
Subsidiary to the extent required by GAAP. The consummation of the Transactions will not give rise to any right of termination
or right of renegotiation on the part of any union under any collective bargaining agreement to which any of the Loan Parties or
any of their Subsidiaries is bound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.21<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Absence of Certain Restrictions</U></FONT>. Except to the extent not prohibited under <U>Section 7.10</U>, no indenture, certificate
of designation for preferred stock, agreement or instrument to which any Loan Party or any of its Subsidiaries is a party (other
than this Credit Agreement), prohibits or limits in any way, directly or indirectly the ability of any Subsidiary to make Restricted
Payments or loans to, to make any advance on behalf of, or to repay any Indebtedness to, any Loan Party or to another Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.22<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>No Default</U></FONT>. No Loan Party nor any of its Subsidiaries is in default in the performance, observance or fulfillment
of any of the obligations, covenants or conditions contained in any agreement, instrument or other undertaking to which such Person
is a party or by which it or any of its property is bound in any respect that could reasonably be expected to have a Material Adverse
Effect. No Default has occurred and is continuing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.23<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Common Enterprise</U></FONT>. The successful operation and condition of each of the Loan Parties is dependent on the continued
successful performance of the functions of the group of the Loan Parties as a whole and the successful operation of each of the
Loan Parties is dependent on the successful performance and operation of each other Loan Party. Each Loan Party expects to derive
benefit (and its board of directors or other governing body has determined that it may reasonably be expected to derive benefit),
directly and indirectly, from (a) successful operations of each of the other Loan Parties and (b) the credit extended by the Lenders
to the Borrowers hereunder, both in their separate capacities and as members of the group of companies. Each Loan Party has determined
that execution, delivery, and performance of this Credit Agreement and any other Loan Documents to be executed by such Loan Party
is within its purpose, will be of direct and indirect benefit to such Loan Party, and is in its best interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.24<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Brokers&rsquo; Fees</U></FONT>. Except as otherwise disclosed to the Administrative Agent, none of the Loan Parties or their
Subsidiaries has any obligation to any Person in respect of any finder&rsquo;s, broker&rsquo;s, investment banking or other similar
fee in connection with any of the transactions contemplated under the Loan Documents other than the closing and other fees payable
pursuant to this Credit Agreement and as set forth in the Fee Letters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.25<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>EEA Financial Institutions</U></FONT>. No Loan Party is an Affected Financial Institution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.26<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Accounts</U></FONT>. With respect to each of the Loan Parties&rsquo; Accounts or Credit Card Receivables identified by the Borrowers
as Eligible Accounts or Eligible Credit Card Receivables, as applicable, in a Borrowing Base Certificate submitted to the Administrative
Agent as of the date contemplated by such Borrowing Base
Certificate, unless otherwise disclosed to the Administrative Agent in writing:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is genuine and in all respects what it purports to be, and it is not evidenced by a judgment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It arises out of a completed, bona fide sale and delivery of goods or rendition of services by a Loan Party, in the ordinary
course of its business and in accordance with the terms and conditions of all purchase orders, contracts or other documents relating
thereto, and it is a bona fide existing payment obligation of the applicable Account Debtor, Credit Card Issuer or Credit Card
Processor, as applicable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is owed to the applicable Loan Party without any known defenses, disputes, offsets, counterclaims, or rights of return
or cancellation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>To the Borrowers&rsquo; knowledge, there are no proceedings or actions which are threatened or pending against the applicable
Account Debtor, Credit Card Issuer or Credit Card Processor which could reasonably be expected to result in any material adverse
change in the collectibility of such Account or Credit Card Receivable; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Administrative Agent-discretionary
criteria) set forth in the definition of Eligible Account or Eligible Credit Card Receivable, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5.27<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Inventory</U></FONT>. With respect to each item of the Loan Parties&rsquo; Inventory identified by the Borrowers as Eligible
Inventory in a Borrowing Base Certificate submitted to the Administrative Agent as of the date contemplated by such Borrowing Base
Certificate, unless otherwise disclosed to the Administrative Agent in writing, such Inventory is (a) of good and merchantable
quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other
than any Administrative Agent-discretionary criteria) set forth in the definition of Eligible Inventory.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
6<BR>
<BR>
Affirmative Covenants</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Until the Termination Date, each Borrower
covenants and agrees with the Credit Parties that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Financial Statements and Other Information</U></FONT>. Lead Borrower will furnish or cause to be furnished to the Administrative
Agent either in hard copy or by electronic communication (including by email, internet and intranet websites) pursuant to procedures
approved in writing by the Administrative Agent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>within 90 days after the end of each Fiscal Year (or, if later, such date as Lead Borrower&rsquo;s Annual Report on Form&nbsp;10-K
for such Fiscal Year is due after giving effect to any extension of such date granted by the Securities and Exchange Commission
to all public companies, it being understood, however, that, in such event, unaudited financial statements of the types contemplated
by this clause&nbsp;(a) shall nevertheless be delivered pursuant hereto within 90&nbsp;days after the end of such Fiscal Year),
the audited consolidated balance sheet of Lead Borrower and its Subsidiaries together with the related statements of income, comprehensive
income, stockholders&rsquo; equity and cash flows as of the end of and for such year, setting forth in each case in comparative
form the figures for the previous Fiscal Year (or, in the case of the balance sheet, as of the end of the previous Fiscal Year),
which consolidated balance sheet and related statements of income, comprehensive income, stockholders&rsquo; equity and cash flows
<FONT STYLE="font-size: 10pt">shall be audited by Ernst &amp; Young LLP or another registered independent public accounting firm
of recognized 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, except that such opinion (i)&nbsp;may contain references (excluding formal qualifications)
regarding audits performed by other auditors as contemplated by AU Section 543,&nbsp;<I>Part of Audit Performed by Other Independent
Auditors</I>&nbsp;(or any successor or similar standard under GAAP) and (ii)&nbsp;may include a qualification or exception relating
to an anticipated financial covenant default under this Credit Agreement or other Indebtedness or relating to or resulting from
an upcoming maturity date under any Indebtedness occurring within one year from the time such opinion is delivered) to the effect
that such consolidated financial statements present fairly in all material respects the financial condition and results of operations
of Lead Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>within 45 days after the end of each fiscal quarter of each Fiscal Year (including the fourth fiscal quarter of each Fiscal
Year) (commencing with the fiscal quarter ended June 30, 2020), the unaudited consolidated balance sheet of Lead Borrower and its
Subsidiaries and the related unaudited statements of income, comprehensive income, 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 corresponding
period or periods of) the previous Fiscal Year, which consolidated balance sheet and related statements of income, comprehensive
income, stockholders&rsquo; equity and cash flows shall be certified by a Financial Officer of Lead Borrower as presenting fairly
in all material respects the financial condition and results of operations of Lead Borrower and its Subsidiaries on a consolidated
basis in accordance with GAAP, subject to normal year-end audit adjustments and the absence of footnotes;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>within 30 days after the end of each of the first two months of each fiscal quarter (commencing with the first such month
ending after the Agreement Date), the unaudited consolidated balance sheet of Lead Borrower and its Subsidiaries and the related
unaudited statements of income, comprehensive income, stockholders&rsquo; equity and cash flows as of the end of and for such month
and the then elapsed portion of the Fiscal Year, setting forth in each case in comparative form the figures for the corresponding
period or periods of (or, in the case of the balance sheet, as of the end of) the previous Fiscal Year, all certified by a Financial
Officer of Lead Borrower as presenting fairly in all material respects the financial condition and results of operations of Lead
Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments and
the absence of footnotes;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>concurrently with any delivery of financial statements under clause (a) or (b) above, a Compliance Certificate signed by
a Financial Officer of Lead Borrower (i) stating whether any change in GAAP or in the application thereof has occurred since the
date of the Audited Financial Statements or the date of the last Compliance Certificate delivered pursuant to the Credit Agreement,
as applicable, and if any such change has occurred which impacts the computation of the financial tests set forth in this Credit
Agreement, specifying the effect of such change on the financial computations set forth herein, (ii) containing either a certification
that no Default exists or, specifying the nature of each such Default, the nature and status thereof and any action taken or proposed
to be taken with respect thereto, (iii) certifying that there have been no changes to the jurisdiction of organization or legal
name of any Loan Party since the Closing Date or the date of the last Compliance Certificate delivered pursuant to the Credit
Agreement, as applicable, except as specified in such Compliance Certificate, (iv) attaching reasonably detailed calculations
demonstrating compliance with the applicable Financial Covenant, (v) certifying that Lead Borrower has no Subsidiaries other than
(A) those that existed on the Closing Date and were reflected in the Perfection Certificate on such date, (B) those formed or
acquired after the Closing Date with respect to which the Administrative Agent was previously notified either pursuant to <U>Section&nbsp;6.12
</U>of the Credit Agreement, in an additional Perfection Certificate or in a previous Compliance Certificate, and (C) those other
Subsidiaries set forth on the relevant Schedule to such Compliance Certificate, which Schedule sets forth for each such Subsidiary
whether such Subsidiary is (w) a Domestic Subsidiary, (x) a Subsidiary Guarantor (including the basis for it not being a Subsidiary
Guarantor, if applicable), (y) a first tier Foreign Subsidiary or (z) an Excluded Subsidiary (including the basis for its constituting
an Excluded Subsidiary), other than Immaterial Subsidiaries, and (v) certifying as to all applications for any Intellectual Property
with the United States Patent and Trademark Office, the United States Copyright Office or any similar offices in the United States
of America or any other country filed by or on behalf of Lead Borrower or any other Loan Party, and all Intellectual Property
registrations and applications acquired by Lead Borrower or any other Loan Party, since the Closing Date or the date of the last
Compliance Certificate delivered pursuant to the Credit Agreement, as applicable.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>within 60 days after the beginning of each Fiscal Year, an annual consolidated forecast for Lead Borrower and its Subsidiaries
for such Fiscal Year prepared on a month-by-month basis, including projected Availability levels and projected consolidated balance
sheets, statements of income, comprehensive income and cash flow of Lead Borrower and its Subsidiaries, all in reasonable detail
reasonably acceptable to the Administrative Agent; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>promptly following any request therefor, (i) such other information and documentation reasonably requested by the Administrative
Agent or any Lender for purposes of compliance with applicable &ldquo;know your customer&rdquo; requirements under the USA Patriot
Act, the Beneficial Ownership Regulation or other applicable Anti-Corruption and Anti-Terrorism Laws (including those passed pursuant
to the USA PATRIOT Act), and (ii) such other information regarding the operations, business affairs and financial condition of
Lead Borrower or any Subsidiary, or compliance with the terms of the Loan Documents, as any Credit Party may reasonably request;
<U>provided</U>, <U>however</U>, that, notwithstanding any provision hereof or any other Loan Document to the contrary, no Loan
Party nor any Subsidiary thereof shall be required to disclose or discuss, or permit the inspection, examination or making of extracts
of, any records, books, information or account or other matter (i) in respect of which disclosure to the&nbsp;Administrative Agent,
any Credit Party or their representatives is then prohibited by applicable law or any agreement binding on any Loan Party&nbsp;or
any Subsidiary thereof, (ii) that is protected from disclosure by the attorney-client privilege or the attorney work product privilege,
or (iii) constitutes non-financial trade secrets or non-financial proprietary information (the &ldquo;<U>Disclosure Exceptions</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">Documents required
to be delivered pursuant to <U>Section&nbsp;6.1(a)</U> or <U>(b)</U> (to the extent any such documents are included in materials
otherwise filed with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of the functions
of said Commission) may be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i)&nbsp;on
which Lead Borrower posts such documents, or provides a link thereto at https://stevemadden.gcs-web.com; (ii)&nbsp;on which such
documents are posted on Lead Borrower&rsquo;s behalf on an internet or intranet website, if any, to which each Lender and the Administrative
Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); or (iii)&nbsp;on
which such documents become available on the Electronic Data Gathering and Retrieval System (or any successor thereto) of the Securities
and Exchange Commission (or any Governmental Authority succeeding to any or all of the functions of said Commission). The Administrative
Agent shall have no obligation to request the delivery of the documents referred to above, and in any event shall have no responsibility
to monitor compliance by Lead Borrower with any such delivery, and each Lender shall be solely responsible for maintaining its
own copies of such documents.</P>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notices of Material Events</U>. Lead Borrower will furnish or caused to be furnished to the Administrative Agent written
notice of the following promptly after any Responsible Officer of Lead Borrower obtains actual knowledge thereof:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the occurrence of any Default, specifying the nature and extent thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the filing or commencement of, or any written threat or notice of intention of any Person to file or commence, any action,
suit or proceeding, whether at law or in equity or by or before any Governmental Authority, against any Loan Party or any of its
Subsidiaries, in each case as could reasonably be expected to have a Material Adverse Effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the occurrence of any ERISA Event (or any similar event with respect to a Foreign Plan) that, together with all other ERISA
Events (or other similar events with respect to Foreign Plans) that have occurred, could reasonably be expected to result in liability
of any Loan Party in an aggregate amount exceeding the Threshold Amount;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other
materials filed by any Loan Party or any of its Subsidiaries 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 any Loan
Party to its shareholders generally, as the case may be;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the occurrence of any other development that has resulted in, or could reasonably be expected to result in, a Material Adverse
Effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any change in the information provided in the most recently delivered Beneficial Ownership Certification that would result
in a change to the list of beneficial owners identified therein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if, prior to the Permanent Borrowing Base Trigger, the Loan Parties&rsquo; combined liquidity (including unrestricted cash
and Cash Equivalents and availability under the Revolving Facility) falls below $50,000,000 for two consecutive Business Days;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>promptly after the furnishing, receipt or execution thereof, copies of (i) any amendment, waiver, consent or other written
modification of the Rosenthal Factoring Agreement and (ii) any notice of default or any notice related to the exercise of remedies
under the Rosenthal Factoring Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Each notice delivered under this Section
shall be accompanied by a statement of a Financial Officer of Lead Borrower or other executive officer of Lead Borrower setting
forth the details of the event or development requiring such notice and, in the case of any such notice under <U>clause&nbsp;(a)</U>,
<U>(b)</U>, <U>(c)</U>, <U>(e)</U>, <U>(f)</U> or <U>(h)(ii)</U>, any action taken or proposed to be taken with respect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Existence; Conduct of Business</U></FONT>. Each 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 (a)&nbsp;where the failure of a Subsidiary (other than
any Loan Party) to maintain its legal existence could not, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect, (b)&nbsp;that neither Lead Borrower nor any Subsidiary shall be required to preserve, renew or keep in full force
and effect its rights, licenses, permits, privileges and franchises if the failure to do so could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect, and (c)&nbsp;as otherwise permitted under <U>Section&nbsp;7.3</U> or
<U>Section&nbsp;7.5</U>.</P>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payment and Performance of Obligations</U>. Each Borrower will, and will cause each of its Subsidiaries to, pay or perform
its obligations, including federal, provincial, state, municipal, foreign and other Tax liabilities, before the same shall become
delinquent or in default, except where (a) the validity or amount thereof is being Contested in Good Faith, and/or (b) the failure
to make payment or perform could not, either individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect, <U>provided</U> that nothing in this Section shall be deemed to (i)&nbsp;require Lead Borrower or any Subsidiary
to pay any Subordinated Debt in violation of the subordination provisions applicable thereto and/or (ii)&nbsp;prohibit commercially
reasonable non-performance or delayed performance of contractual obligations due to the impact of the COVID-19 pandemic (including,
without limitation, non-performance or delayed performance in connection with social distancing guidelines and/or shelter-in-place
or similar orders or directives of any Governmental Authority), so long as such non-performance or delayed performance could not,
individually or in the aggregate, reasonably be expected to materially impair the Loan Parties&rsquo; ability to perform their
payment obligations under the Loan Documents or have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Maintenance of Properties</U></FONT>. Each Borrower will, and will cause each of its Subsidiaries to, keep and maintain all
property material to the conduct of its business in reasonably good working order and condition, ordinary wear and tear excepted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Books and Records; Inspection Rights; Field Examinations; Appraisals</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Books and Records; Inspection Rights</U>. Each Borrower will, and will cause each of its Subsidiaries to, (i)&nbsp;keep
proper books of record and account sufficient to enable the preparation of financial statements in accordance with GAAP and (ii)&nbsp;subject
to the Disclosure Exceptions, permit any representatives designated by the Administrative Agent (or, upon the occurrence and during
the continuance of an Event of Default, any other Credit Party), upon reasonable prior notice, to visit and inspect its properties,
to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and
independent accounting firm (so long as Lead Borrower has been given a reasonable opportunity to participate in any such discussions
with its officers and/or such accountants, if no Event of Default has occurred and is continuing), all at the expense of the Borrowers
and at such reasonable times and as often as reasonably requested; <U>provided</U> that Borrowers shall only be liable for such
reasonable and documented out-of-pocket expenses of the Administrative Agent in connection with one inspection per Fiscal Year
of Lead Borrower&rsquo;s and its Subsidiaries&rsquo; books and records as described in <U>clause (ii)</U> above; <U>provided further</U>
during the existence of an Event of Default, the Administrative Agent or any Lender (or any of their respective representatives
or independent contractors) may do any of the foregoing at any time during normal business hours and without advance notice, all
at the expense of the Borrowers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Field Examinations; Appraisals</U>. Without limiting the generality of <U>Section 6.6(a)</U>, but subject to the Disclosure
Exceptions, the Administrative Agent (i) shall conduct one commercial field examination per 12-month period of the Loan Parties,
the Collateral, and such other matters as the Administrative Agent shall deem appropriate in its Permitted Discretion, at the
Borrowers&rsquo; expense, (ii) may conduct (A) one additional field examination during the first 12 months after the Closing Date,
at the Borrowers&rsquo; expense, (B) one additional field examination per 12-month period, at the Borrowers&rsquo; expense, if
a Collateral Administration Trigger Period has occurred and is continuing, (C) one additional field examination per 12-month period,
at the Lenders&rsquo; expense, and (D) such additional field examinations, at the Borrowers&rsquo; expense, as the Administrative
Agent shall require if an Event of Default has occurred and is continuing, which field examinations may be conducted by employees
of the Administrative Agent or by third parties engaged by the Administrative Agent, (iii) shall obtain one appraisal per 12-month
period of the Inventory of the Loan Parties, at the Borrowers&rsquo; expense, and (iv) may obtain (A) one additional Inventory
appraisal during the first 12 months after the Closing Date, at the Borrowers&rsquo; expense, (B) one additional Inventory appraisal
per 12-month period, at the Borrowers&rsquo; expense, if a Collateral Administration Trigger Period has occurred and is continuing,
(C) one additional Inventory appraisal per 12-month period, at the Lenders&rsquo; expense, and (D) such additional Inventory appraisals,
at the Borrowers&rsquo; expense, as the Administrative Agent shall require if an Event of Default has occurred and is continuing,
which appraisals may be conducted by employees of the Administrative Agent or by third parties engaged by the Administrative Agent.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Post-Closing Field Exam Deadline</U>. <FONT STYLE="letter-spacing: -0.1pt">The Borrowers shall cooperate with the Administrative
Agent and a field examiner engaged by the Administrative Agent to enable such examiner to perform an on-site field examination
(for the limited purpose of performing on-site test counts, to the extent such test counts are not completed prior to the Closing
Date) in form and detail reasonably satisfactory to the Administrative Agent, which field examination shall be completed no later
than the date that is 30 days after the Closing Date (as such date may be extended by up to (i) an additional 30 days by the Administrative
Agent in its sole discretion or (ii) an additional 60 days by the Administrative Agent in its sole discretion to the extent such
an extension is required as a result of limitations due to the COVID-19 pandemic) (the &ldquo;<U>Post-Closing Field Exam Deadline</U>&rdquo;).
Such field examination shall be at the Borrowers&rsquo; expense and shall not count against the field examinations contemplated
in <U>Section 6.6(b)</U>. If such field examination is not completed by the Post-Closing Field Exam Deadline, then the Deemed Borrowing
Base Accounts Component shall be zero until such field examination is completed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Post-Closing Appraisal Deadline</U>. <FONT STYLE="letter-spacing: -0.1pt">The Borrowers shall cooperate with the Administrative
Agent and an appraiser engaged by the Administrative Agent to enable such appraiser to perform an Inventory appraisal (taking into
consideration limitations due to the COVID-19 pandemic) in form and detail reasonably satisfactory to the Administrative Agent,
which appraiser shall be engaged no later than the earlier to occur of (i) the date that is 90 days after the Closing Date (as
such date may be extended by up to an additional 90 days by the Administrative Agent in its sole discretion) and (ii) five Business
Days after the first date upon which the Loan Parties&rsquo; combined liquidity (including unrestricted cash and Cash Equivalents
and availability under the Revolving Facility) falls below $50,000,000 for two consecutive Business Days. Thereafter, such appraisal
shall be completed no later than the date that is 45 days after such appraiser is engaged (the &ldquo;<U>Post-Closing Appraisal
Deadline</U>&rdquo;). Such appraisal shall be at the Borrowers&rsquo; expense and shall not count against the appraisals contemplated
in <U>Section 6.6(b)</U>. If such appraisal is not completed by the Post-Closing Appraisal Deadline, then the Deemed Borrowing
Base Inventory Component shall be zero until such appraisal is completed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Compliance with Laws</U></FONT>. Each 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 and maintain all permits and licenses necessary
to conduct its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected
to result in a Material Adverse Effect. In addition, and without limiting the foregoing sentence, each Loan Party will, and will
cause each of its Subsidiaries to, comply in all material respects with applicable Anti-Corruption Laws, applicable Sanctions and
the USA PATRIOT Act and the regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Use of Proceeds</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The proceeds of the Loans and the Letters of Credit will be used only for general corporate purposes not inconsistent with
the terms hereof or in contravention of any Law or any Loan Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No part of the proceeds of any Loan or any Letter of Credit will be used, whether directly or indirectly, and whether immediately,
incidentally or ultimately, (a) to purchase, acquire or carry any Margin Stock (other than repurchases made by Lead Borrower of
its Equity Interests in compliance with Regulation U) or (b) for any purpose that entails a violation of any of the regulations
of the Board, including Regulations T, U and X. The Borrowers will not request any Credit Extension, and the Borrowers shall not
use, and shall ensure that each Loan Party, their respective Subsidiaries and their respective directors, officers, employees
and agents shall not use, the proceeds of any Credit Extension (i) in furtherance of an offer, payment, promise to pay, or authorization
of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or (ii) in
any manner that would result in the violation of any applicable Sanctions or any Anti-Terrorism Laws by any Person, including
any Credit Party.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Information Concerning Collateral</U></FONT>. The Borrowers will furnish to the Administrative Agent at least ten days&rsquo;
prior written notice of any change in (a) the legal name or jurisdiction of incorporation or formation of any Loan Party, (b) the
location of the chief executive office of any Loan Party, its principal place of business, any office in which it maintains books
or records relating to a material portion of the Collateral owned or held by it or on its behalf or, except as provided in the
applicable Collateral Documents, any office or facility at which Collateral owned or held by it or on its behalf with an aggregate
book value in excess of $1,000,000 (or equivalent in any other currency) is located (including the establishment of any such new
office or facility), other than (i)&nbsp;Inventory and equipment stored at temporary locations or in-transit from one location
to another location, in each case in the ordinary course of business, (ii)&nbsp;Inventory and equipment out for repair or refurbishment
or at trade shows, or (iii) Collateral located in retail stores, or (c)&nbsp;the identity or organizational structure of any Loan
Party such that a financing statement filed in favor of Administrative Agent against a Loan Party becomes seriously misleading
within the meaning of the applicable UCC. The Borrowers agree not to effect or permit any change referred to in the preceding sentence
unless all filings have been made under the UCC or otherwise that are required in order for the Administrative Agent to continue
at all times following such change to have a valid, legal and perfected security interest in all the Collateral to the extent contemplated
by the Collateral and Guarantee Requirement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Insurance</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower will, and will cause each of its Subsidiaries to, maintain, with financially sound and reputable insurance
companies (it being understood that if an insurance company ceases to be financially sound and reputable after the related insurance
coverage is obtained or renewed, then this representation and warranty shall not be deemed to be inaccurate so long as Lead Borrower
promptly replaces such insurance company with a financially sound and reputable insurance company), adequate insurance for its
insurable properties, all to such extent and against such risks, including fire, casualty, business interruption and other risks
insured against by extended coverage, as is customary with companies in the same or similar businesses operating in the same or
similar locations and of same or similar size, including public liability insurance against claims for personal injury or death
or property damage occurring upon, in, about or in connection with the use of any properties owned, occupied or controlled by it
(including the insurance required pursuant to the Collateral Documents); and maintain such other insurance as may be required by
law. Notwithstanding the foregoing, Lead Borrower and the Subsidiaries may (i) maintain all such insurance with any combination
of primary and excess insurance, (ii) maintain any or all such insurance pursuant to master or so-called &ldquo;blanket policies&rdquo;
insuring any or all Collateral, and/or (iii) self-insure with respect to such risks with respect to which companies of established
reputation engaged in the same general line of business in the same general area usually self-insure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower will, and will cause each of its Subsidiaries to, (i) cause all such policies of such Loan Party and its
Subsidiaries to be endorsed or otherwise amended to include an additional insured endorsement or a &ldquo;standard&rdquo; or &ldquo;New
York&rdquo; lender&rsquo;s loss payable endorsement, as appropriate, each in form and substance reasonably satisfactory to the
Administrative Agent, (ii) use commercially reasonable efforts to cause each such policy to provide that it shall not be canceled,
modified or not renewed for any other reason upon not less than 30 days&rsquo; prior written notice thereof (or ten days&rsquo;
prior written notice thereof if due to non-payment of premium) by the insurer to the Administrative Agent, and (iii) deliver to
the Administrative Agent, prior to the cancellation, modification or non-renewal of any such policy of insurance, a copy of a
renewal or replacement policy (or other evidence of renewal of a policy previously delivered to the Administrative Agent) together
with evidence reasonably satisfactory to the Administrative Agent of payment of the premium therefor.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower will promptly upon request of the Administrative Agent, deliver to the Administrative Agent (for distribution
to all Lenders), evidence of compliance by all Loan Parties with the requirements contained <U>Sections 6.10(a)</U> and <U>(b)</U>
in form and substance reasonably acceptable to the Administrative Agent, including, without limitation, if so requested, evidence
of annual renewals of such insurance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In connection with the covenants set forth in this <U>Section&nbsp;6.10</U>, it is understood and agreed that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>no Credit Party or any of its Related Parties shall be liable for any loss or damage insured by the insurance policies required
to be maintained under this <U>Section&nbsp;6.10</U>, it being understood that (A) each Loan Party shall look solely to its insurance
companies or any other parties other than the aforesaid parties for the recovery of such loss or damage and (B) such insurance
companies shall have no rights of subrogation against any Credit Party or any of their Related Parties, <U>provided</U>, <U>however</U>,
that if the insurance policies do not provide waiver of subrogation rights against such parties, then each Borrower (for itself
and each of its Subsidiaries) hereby agrees, to the extent permitted by law, to waive its right of recovery, if any, against the
Credit Parties and their Related Parties; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the designation of any form, type or amount of insurance coverage by the Administrative Agent or the Required Lenders under
this <U>Section&nbsp;6.10</U> shall in no event be deemed a representation, warranty or advice by any Credit Party that such insurance
is adequate for the purposes of the business of any Loan Party or its Subsidiaries or the protection of their properties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Casualty Events</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower will, and will cause each of its Subsidiaries to, furnish to the Credit Parties prompt written notice of each
Casualty Event, or series of related Casualty Events, the Net Cash Proceeds of which are reasonably expected, in Lead Borrower&rsquo;s
good faith determination, to exceed $10,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If any Mandatory Prepayment Casualty Event results in Net Cash Proceeds (whether in the form of insurance proceeds, condemnation
award or otherwise) that are required to be applied to the Loan Document Obligations pursuant to <U>Section 2.7(b)</U>, the Administrative
Agent is authorized to collect such Net Cash Proceeds (and, if received by any Loan Party or any of its Subsidiaries, such Net
Cash Proceeds shall not be commingled with any of its other funds or property but shall be held separate and apart therefrom, shall
be held in trust for the benefit of the Administrative Agent hereunder and shall be forthwith paid over to the Administrative Agent),
and each Loan Party hereby authorizes the Administrative Agent to apply (and the Administrative Agent shall apply) such Net Cash
Proceeds to prepay the Loan Document Obligations in accordance with <U>Section&nbsp;2.7(b)</U>.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> All proceeds received by or paid to the Administrative Agent that do not constitute Net Cash Proceeds that are required
to be applied to the Loan Document Obligations pursuant to <U>Section 2.7(b)</U> shall promptly be paid over to Lead Borrower on
behalf of the applicable Loan Party unless an Event of Default has occurred and is continuing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Covenant to Guarantee and Provide Security</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Subsidiary Guarantors</U>. If any Domestic Subsidiary of a Loan Party (other than an Excluded Subsidiary) is formed or
acquired after the Agreement Date, or if an Excluded Subsidiary ceases to be an Excluded Subsidiary, Lead Borrower will notify
the Administrative Agent in writing thereof within ten Business Days following such event (or such later date as may be acceptable
to the Administrative Agent in its sole discretion) and within 30 days following such event (or such later date as may be acceptable
to the Administrative Agent in its sole discretion) (<U>provided</U>, <U>however</U>, that, in the case of any Subsidiary that
ceases to be an Excluded Subsidiary by virtue of ceasing to be an Immaterial Subsidiary, the foregoing deadlines shall be the date
upon which financial statements are due under <U>Section&nbsp;6.1(b)</U>, demonstrating that such Subsidiary has ceased to be an
Immaterial Subsidiary, and ten Business Days following such due date, respectively, or in each case such later date as may be acceptable
to the Administrative Agent in its sole discretion):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Borrowers will cause each such Subsidiary to be joined to the applicable Loan Documents as a Subsidiary Guarantor or,
with the Administrative Agent&rsquo;s consent, an additional Borrower and, in connection therewith, (A) execute and deliver a Subsidiary
Joinder Agreement and a Perfection Certificate and (B) promptly take such actions to create and perfect Liens on such Subsidiary&rsquo;s
assets to secure the Secured Obligations as the Administrative Agent shall reasonably request,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if any Equity Interests issued by any such Subsidiary are owned or held by or on behalf of any Loan Party, the Borrowers
will cause such Equity Interests to be pledged pursuant to the Collateral Documents,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> the Borrowers will cause each such Subsidiary to become a party to the Master Intercompany Note, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Borrowers will deliver or cause to be delivered to the Administrative Agent such certificates and legal opinions as
would have been required had such Subsidiary been a Loan Party on the Closing Date,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">in each of the foregoing cases to the extent consistent with
the Loan Documents and the Collateral and Guarantee Requirement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Further Assurances</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower will, and will cause each of the Loan Parties to, grant to the Administrative Agent, for the benefit of the
Secured Parties, security interests in such of its assets and properties as are not covered by the Collateral Documents (excluding,
for the avoidance of doubt, in respect of any Excluded Assets) in order that the Borrowers be in compliance with the Collateral
and Guarantee Requirement. Such security interests shall, consistent with the Collateral and Guarantee Requirement, (i)&nbsp;be
granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and (ii)&nbsp;constitute
valid and enforceable perfected security interests (subject to (A)&nbsp;the effects of bankruptcy, insolvency, moratorium, reorganization,
administration, examinership, fraudulent conveyance or other similar laws affecting creditors&rsquo; rights generally and (B)&nbsp;general
principles of equity (regardless of whether such enforceability <FONT STYLE="font-size: 10pt">is considered in a proceeding in
equity or at law)) superior to and prior to the rights of all third Persons (other than Persons benefiting from Liens permitted
by <U>Section&nbsp;7.2)</U>, and subject to no other Liens (except Liens permitted by <U>Section&nbsp;7.2</U>). Such additional
collateral documents and the other instruments related thereto shall have been duly recorded, filed or delivered in such manner
and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Administrative
Agent required to be granted pursuant to such additional collateral documents and all taxes, fees and other charges due in connection
therewith shall have been paid in full.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower will, and will cause each of the Loan Parties to, at its own expense, make, execute, endorse, acknowledge,
file or deliver to the Administrative Agent from time to time such vouchers, invoices, schedules, confirmatory assignments, conveyances,
financing statements, transfer endorsements, powers of attorney, certificates, surveys, reports and other assurances or instruments,
and take such further steps relating to the Collateral covered by any of the Collateral Documents as the Administrative Agent may
reasonably require, including effecting all such registrations in respect of the relevant Collateral Document as set out under
the relevant Collateral Document, in each case to the extent not inconsistent with this Credit Agreement or any other Loan Document.
Each Borrower shall cause to be delivered to the Administrative Agent such opinions of counsel and other related documents as may
be reasonably requested by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each action required by this <U>Section&nbsp;6.12(b)</U> shall be completed as soon as commercially reasonably practicable,
but in no event later than 45 days (but 30 days with respect to the Hong Kong Guarantor) (or, in each case, such longer period
in the case of actions involving third parties as determined by the Administrative Agent in its reasonable discretion) after any
such assets or properties are acquired or such action is requested to be taken by the Administrative Agent, as the case may be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.13<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Environmental Matters</U></FONT>. Each Borrower will, and will cause each of its Subsidiaries to, (a)&nbsp;conduct its operations
in material compliance with all applicable Environmental Laws except to the extent the failure to do so could not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect, (b)&nbsp;implement any and all investigation, remediation,
removal and response actions that are necessary to materially comply with Environmental Laws pertaining to the presence, generation,
treatment, storage, use, disposal, transportation or Release of any Hazardous Material on, at, under, or from any of their owned
or leased property, and (c)&nbsp;notify the Administrative Agent promptly upon becoming aware of any violation of Environmental
Laws or any Release of Hazardous Materials on, at, under, or from, any property that is reasonably likely to result in an Environmental
Claim against any Loan Party or any of its Subsidiaries in excess of the Threshold Amount in the aggregate and promptly forward
to the Administrative Agent a copy of any written communication received in connection therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.14<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Cash Management</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Maintenance of Controlled Accounts</U>. Within 90 days after the Closing Date (or such later date as the Administrative
Agent agrees to in writing in its sole discretion), the Loan Parties will establish and thereafter maintain their primary United
States depository, treasury account and cash management relationship with the Administrative Agent or its Affiliates (the &ldquo;<U>Post-Closing
Cash Management Deadline</U>&rdquo;); <U>provided</U>, for avoidance of doubt, that the Loan Parties may maintain other Cash Management
Services or Swap Agreements with any Lender or its Affiliate. Subject to the Post-Closing Cash Management Deadline, the Loan Parties
shall cause or direct all of their cash, including proceeds of Collateral and cash maintained in each of their respective deposit
accounts, but excluding cash maintained in Excluded Accounts and up to $3,000,000 of additional cash, to be transferred daily
to, or otherwise maintained in, one or more Controlled Accounts. For the avoidance of doubt, nothing herein shall require the
repatriation of any cash by the Hong Kong Guarantor to the United States, except during the continuance of a Cash Dominion Trigger
Period. At all times during the continuance of a Cash Dominion Trigger Period, the Administrative Agent shall require that all
cash (net of such minimum balance as may be required by the depository bank and reasonably acceptable to the Administrative Agent)
held in any Controlled Account be swept on a daily basis to be applied by the Administrative Agent to repay outstanding Revolving
Loans, Swingline Loans, Unreimbursed Amounts in respect of Letters of Credit, other amounts then due and payable, and, if an Event
of Default has occurred and is continuing, to Cash Collateralize any other outstanding L/C Obligations in an amount equal to the
Minimum Collateral Amount with respect thereto. Any prepayments of outstanding Loans made under this Section <FONT STYLE="font-size: 10pt">shall
be made in such a manner that minimizes, to the extent reasonably practicable, any additional amounts required under <U>Section&nbsp;3.5</U>.
The Administrative Agent shall have control over and a Lien on all funds deposited in any Controlled Account, for the ratable
benefit of Lenders, and, whether such Controlled Account is maintained with the Administrative Agent or its Affiliate or with
an Approved Depository or Approved Intermediary (as each such term is defined in the Security Agreement), the Loan Parties shall
obtain a Control Agreement in favor of the Administrative Agent.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Collection of Accounts Generally; Proceeds of Collateral</U>. Subject to the Post-Closing Cash Management Deadline, all
invoices rendered and other requests made by any Loan Party for payment in respect of Accounts (other than Foreign Receivables)
shall contain a written statement directing payment in respect of such Accounts to be paid to a Controlled Account (or a lockbox
associated with a Controlled Account). The Administrative Agent retains the right at all times after the occurrence and during
the continuance of an Event of Default to notify Account Debtors that the Loan Parties&rsquo; Accounts have been assigned as security
to the Administrative Agent and to collect the Loan Parties&rsquo; Accounts directly in its own name, or in the name of the Administrative
Agent&rsquo;s agent, and to charge the reasonable and documented collection costs and expenses, including attorneys&rsquo; fees,
to the Borrowers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Collection of Rosenthal Referred Accounts; Rosenthal Collection Account</U>. All invoices rendered and other requests
made by any Loan Party for payment in respect of Rosenthal Referred Accounts shall contain a written statement directing payment
in respect of such Accounts to be paid to the Rosenthal Collection Account, and the Borrowers shall use commercially reasonable
efforts to cause the applicable Account Debtors to so direct their payments. All remittances received by any Loan Party in respect
of Rosenthal Referred Accounts that are not paid directly to the Rosenthal Collection Account (as required by the Rosenthal Factoring
Agreement) shall be transferred within two Business Days after receipt thereof to the Rosenthal Collection Account. The balance
of the Rosenthal Collection Account shall be transferred daily to another Controlled Account; <U>provided</U>, <U>however</U>,
that so long as no Cash Dominion Trigger Period has occurred and is continuing, the Loan Parties shall not be required to transfer
funds out of the Rosenthal Collection Account (including payments received directly from any Account Debtor, but excluding payments
received from Rosenthal) until the third Business Day after such funds were initially credited to the Rosenthal Collection Account.
From time to time after the occurrence and during the continuance of an Event of Default, the Administrative Agent may exercise
the &ldquo;Redirection Right&rdquo; under (and as defined in) the Rosenthal Factoring Agreement or require the Loan Parties to
exercise such right (in which case the Borrowers shall, and shall cause the Loan Parties to, exercise such right).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Collection of Credit Card Receivables</U>. Subject to the Post-Closing Cash Management Deadline, all remittances received
by any Loan Party in respect of Credit Card Receivables shall be paid directly to a Controlled Account. The Administrative Agent
retains the right at all times after the occurrence and during the continuance of an Event of Default to notify Credit Card Issuers
and Credit Card Processors that payments on the Loan Parties&rsquo; Credit Card Receivables shall be made to Administrative Agent
and to collect the Loan Parties&rsquo; Credit Card Receivables directly in its own name, or in the name of the Administrative
Agent&rsquo;s agent, and to charge the reasonable and documented collection costs and expenses, including attorneys&rsquo; fees,
to the Borrowers.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Credit Card Notifications</U>. Within ten Business Days after the Closing Date (or such later date as the Administrative
Agent agrees to in writing in its sole discretion), the Loan Parties shall deliver to the Administrative Agent copies of notifications
in form and substance reasonably satisfactory to the Administrative Agent (each, a &ldquo;<U>Credit Card Notification</U>&rdquo;)
which have been executed by the applicable Loan Parties and delivered to such Loan Parties&rsquo; Credit Card Issuers and Credit
Card Processors. Upon entering into any agreements with any new Credit Card Issuer or Credit Card Processor, the Loan Parties shall
deliver to Administrative Agent a copy of a Credit Card Notification which has been executed by the applicable Loan Parties and
delivered to such Credit Card Issuer or Credit Card Processor. The Administrative Agent agrees that (i)&nbsp;it shall not direct
any Credit Card Issuer or Credit Card Processor to transfer any proceeds pursuant to any Credit Card Notification unless an Event
of Default has occurred and is continuing and (ii)&nbsp;if any Loan Party shall so request, unless an Event of Default has occurred
and is continuing, the Administrative Agent shall countersign any notification, request, order or direction from such Loan Party
to any Credit Card Issuer or Credit Card Processor directing payments from such Credit Card Issuer or Credit Card Processor to
be made to a new or different Controlled Account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.15<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Borrowing Base Certificates; Collateral Administration</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Borrowing Base Certificates</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Periodic Borrowing Base Certificates</U>. On or before the 20<SUP>th</SUP> day of each full calendar month from and after
the date hereof, the Loan Parties shall deliver to the Administrative Agent a Borrowing Base Certificate as of the last day of
the immediately preceding month, with such supporting materials as the Administrative Agent shall reasonably request reasonably
in advance thereof. If a Borrowing Base Reporting Trigger Period has occurred and is continuing, the Loan Parties shall execute
and deliver to Administrative Agent a Borrowing Base Certificate on or before the fifth Business Day after the end of each week.
Together with each delivery of a Borrowing Base Certificate pursuant to this <U>Section&nbsp;6.15(a)(i)</U> (other than the first
delivery), the Loan Parties shall deliver to the Administrative Agent, in form reasonably acceptable to the Administrative Agent,
(i)&nbsp;reconciliations of the Accounts of the Loan Parties as shown on the month&#45;end Borrowing Base Certificate for the immediately
preceding month to the Loan Parties&rsquo; accounts receivable agings, to the Loan Parties&rsquo; general ledger and to the Loan
Parties&rsquo; most recent financial statements, (ii)&nbsp;a reasonably detailed aged trial balance of the Accounts of the Loan
Parties, specifying the names, addresses, face values, dates of invoices and due dates for each Account Debtor obligated on an
Account so listed in a form consistent with reports currently prepared by the Loan Parties with respect to such information, (iii)&nbsp;a
reasonably detailed accounts payable aging regarding the Loan Parties, (iv)&nbsp;reconciliations of the Loan Parties&rsquo; Inventory
as shown on the Loan Parties&rsquo; perpetual inventory, to the Loan Parties&rsquo; general ledger and to the Loan Parties&rsquo;
financial statements, and (v)&nbsp;Inventory reports in such format and detail as the Administrative Agent shall reasonably request
and which shall include a current list of all locations of the Loan Parties&rsquo; Inventory (other than Inventory stored at temporary
locations or in-transit from one location to another location in the ordinary course of business or Inventory and equipment out
for repair or refurbishment or at trade shows), all with supporting materials as the Administrative Agent shall reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Collateral Reporting Trigger Event</U>. Prior to the occurrence of each Collateral Reporting Trigger Event, the Loan
Parties shall deliver to the Administrative Agent an updated Borrowing Base Certificate reflecting such Collateral Reporting Trigger
Event on a pro forma basis and demonstrating that upon giving effect to such Collateral Reporting Trigger Event, (A) the Total
Revolving Outstandings will not exceed the Line Cap and (B) the Borrowers will be in compliance with the applicable Financial
Covenant.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Account Verification</U>. The Administrative Agent&rsquo;s officers, employees or agents shall have the right, at any
time or times if an Event of Default has occurred and is continuing, in the name of the Administrative Agent, any designee of the
Administrative Agent or any Loan Party, to verify the validity, amount or any other matter relating to any Accounts of any Loan
Party by mail, telephone, electronic communication or otherwise. The Loan Parties shall cooperate fully with the Administrative
Agent in an effort to facilitate and promptly conclude any such verification process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Records, Schedules and Assignments of Accounts</U>. The Loan Parties shall keep records of their Accounts and all payments
and collections thereon (including sales to Rosenthal of Rosenthal Purchased Receivables pursuant to the Rosenthal Factoring Agreement),
which records shall be complete and accurate in all material respects. The Loan Parties shall submit to the Administrative Agent
(i)&nbsp;on such periodic basis as the Administrative Agent shall reasonably request, in its Permitted Discretion, a sales and
collections report for the preceding period, in form reasonably acceptable to the Administrative Agent, in its Permitted Discretion,
and consistent with the reports currently prepared by the Loan Parties with respect to such information reasonably acceptable to
the Administrative Agent and (ii)&nbsp;upon the Administrative Agent&rsquo;s written request therefor, copies of proof of delivery
and the original copy of all documents, including, without limitation, repayment histories and present status reports, relating
to the Accounts of the Loan Parties and such other matters and information relating to the status of then existing Accounts of
the Loan Parties as the Administrative Agent shall request, in its Permitted Discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Administration of Inventory</U>. The Loan Parties shall keep records of their Inventory, which records shall be complete
and accurate in all material respects. The Loan Parties (or their accountants) shall conduct a physical inventory no less frequently
than annually and shall provide to Administrative Agent a report based on each such physical inventory promptly thereafter, together
with such supporting information as Administrative Agent shall reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Collateral Access Agreements</U>. With respect to any lease (other than leases for sales offices and leases for retail
stores), warehousing agreement or any processing agreement, in any case entered into after the Closing Date, the Loan Parties shall
use commercially reasonable efforts to provide the Administrative Agent with a Collateral Access Agreement with respect to such
premises where Collateral with an aggregate book value in excess of $1,000,000, or any books and records pertaining to a material
portion of the Collateral, are located. In the event the Loan Parties do not provide the Administrative Agent with a Collateral
Access Agreement with respect to any Material Inventory Location or location in a Landlord Lien State, the Loan Parties acknowledge
that the Administrative Agent may, in its Permitted Discretion, (i) not include Inventory at such location as Eligible Inventory
or (ii) establish a Reserve in the amount of three months&rsquo; rent or other warehouse or comparable charges for such location.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6.16<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Certain Post-Closing Obligations</U></FONT>. As promptly as practicable, and in any event within the time periods after the
Closing Date specified in <U>Schedule&nbsp;6.16</U> or such later date as the Administrative Agent agrees to in writing in its
sole discretion, each Borrower and each other Loan Party shall deliver the documents or take the actions specified on <U>Schedule&nbsp;6.16</U>.</P>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article
7</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">Negative Covenants</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Until the Termination Date, each Borrower
covenants and agrees with the Credit Parties that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Indebtedness; Equity Interests</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Borrowers will not, and will not permit any of their respective Subsidiaries to, create, incur, assume or permit to
exist any Indebtedness, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness (A) created under the Loan Documents and/or (B) in respect of any Secured Obligations;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness existing on the Agreement Date and set forth in <U>Schedule&nbsp;7.1</U>, and any Refinancing Indebtedness
with respect thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness of Lead Borrower or any of its Subsidiaries incurred to finance the acquisition, lease, cost of design, construction,
repair, replacement, installation or improvement of any fixed or capital assets, including Finance Lease Obligations, mortgage
financings, purchase money obligations (including Indebtedness as lessee or guarantor) and other Indebtedness assumed in connection
with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and any Refinancing
Indebtedness with respect thereto; <U>provided</U> that (A) such Indebtedness is incurred prior to or within 90 days after such
acquisition or the completion of such construction or improvement and (B) the aggregate outstanding principal amount of Indebtedness
permitted by this clause (iii) shall not, without duplication, exceed $15,000,000 at any time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness of any Person that becomes a Subsidiary of Lead Borrower, or is merged, amalgamated or consolidated with or
into Lead Borrower or any Subsidiary thereof, after the Agreement Date, and any Refinancing Indebtedness with respect thereto;
<U>provided</U> that (A)&nbsp;such Indebtedness exists at the time of such transaction and is not created in contemplation of or
in connection with such transaction and (B)&nbsp;the aggregate outstanding principal amount of Indebtedness permitted by this clause&nbsp;(iv)
shall not exceed $2,500,000 at any time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>intercompany Indebtedness of Lead Borrower or any Subsidiary owing to and held by Lead Borrower or any Subsidiary; <U>provided</U>,
<U>however</U>, that (A) if any Loan Party is the obligor on such Indebtedness and any Non-Loan Party Subsidiary is the obligee
thereof, such Indebtedness must be unsecured and expressly subordinated to the prior payment in full in cash of all Secured Obligations,
(B) Indebtedness owed to any Loan Party must be evidenced by the Master Intercompany Note or an unsubordinated promissory note
pledged to the Administrative Agent under the Security Agreement and (C) the principal amount of Indebtedness of Non-Loan Party
Subsidiaries owed to any Loan Party (together with the aggregate amount of Investments by any Loan Party in the Equity Interests
of any Non-Loan Party Subsidiary outstanding under <U>Section 7.4(c)</U>) shall not exceed $15,000,000 in the aggregate at any
time outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Guarantees by (A) any Loan Party of Indebtedness of any other Loan Party, (B) any Non-Loan Party Subsidiary of Indebtedness
of any other Non-Loan Party Subsidiary or of any Loan Party, and (C) any Loan Party of Indebtedness of any Non-Loan Party Subsidiary
outstanding under <U>Section 7.1(a)(xviii)</U>; <U>provided</U> that, in each case, such Indebtedness is otherwise permitted by
this <U>Section&nbsp;7.1(a)</U>;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> obligations under any Swap Agreements permitted by <U>Section&nbsp;7.7</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or other similar instrument
drawn against insufficient funds in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ix)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness incurred in the ordinary course of business under (A)&nbsp;appeal bonds or similar instruments and (B)&nbsp;surety
bonds, payment bonds, performance bonds, bid bonds, completion guarantees and similar obligations, workers&rsquo; compensation
claims, health, disability or other employee benefits, and letters of credit, bankers acceptances and similar instruments issued
for the account of any Loan Party or its Subsidiaries and unsecured guarantees thereof (or of reimbursement obligations in respect
thereof);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness of Non-Loan Party Subsidiaries in an aggregate principal amount (together with the aggregate principal amount
of Indebtedness outstanding under <U>Section 7.1(a)(xvii)</U>) not to exceed $35,000,000 at any time outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(xi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness arising from agreements of Lead Borrower or any Subsidiary providing for customary indemnification, adjustment
of purchase or acquisition price or similar obligations (including Earn-Out Obligations), in each case, incurred or assumed in
connection with any Permitted Acquisition, other Investments or the Disposition of any business, assets, Equity Interests or Subsidiary
permitted under this Credit Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(xii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness consisting of (A) obligations to pay, or the financing of, insurance premiums or (B) take-or-pay obligations
contained in supply arrangements, in each case, in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(xiii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness representing deferred compensation to employees, consultants or independent contractors of Lead Borrower or
any Subsidiary incurred in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(xiv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness consisting of obligations of Lead Borrower or any Subsidiary under deferred compensation or other similar arrangements
incurred by such person in connection with the Transactions and Permitted Acquisitions or any other Investment permitted under
this Credit Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(xv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness issued by Lead Borrower or any Subsidiary to current or former officers, directors and employees, their respective
permitted transferees, assigns, estates, spouses or former spouses to finance the purchase or redemption of Equity Interests of
Lead Borrower permitted by <U>Section&nbsp;7.8</U>, which Indebtedness may be secured only by Liens on such Equity Interests and
proceeds thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(xvi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness related to unfunded pension fund and other employee benefit plan obligations and liabilities to the extent
they are permitted to remain unfunded under applicable law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(xvii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness owed to one or more unaffiliated third parties financing Foreign Receivables and/or Foreign Inventory (and
related, rights, assets and/or Equity Interests), and any Refinancing Indebtedness with respect thereto, in an aggregate principal
amount (together with the aggregate principal amount of Indebtedness outstanding under <U>Section 7.1(a)(x))</U> <FONT STYLE="font-size: 10pt">not
to exceed $35,000,000 at any time outstanding, which Indebtedness may be secured only by Liens permitted by <U>Section 7.2(k);</U></FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(xviii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>additional Indebtedness in an aggregate principal amount not to exceed $5,000,000 at any time outstanding; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(xix)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indebtedness arising under the Rosenthal Factoring Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>[Reserved].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">For purposes of determining
compliance with this <U>Section 7.1</U>, if Indebtedness is incurred to refinance other Indebtedness denominated in a currency
other than Dollars (or in a different currency from the Indebtedness being refinanced), and such refinancing would cause the applicable
Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such
refinancing, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such
refinancing Indebtedness does not exceed (i) the outstanding or committed principal amount, as applicable, of such Indebtedness
being refinanced plus (ii) the aggregate amount of fees, underwriting discounts, premiums (including tender premiums), defeasance
costs and other costs and expenses incurred in connection with such refinancing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Further, for purposes
of determining compliance with this <U>Section&nbsp;7.1</U>, (A)&nbsp;Indebtedness need not be permitted solely by reference to
one category of permitted Indebtedness (or any portion thereof) described above but may be permitted in part under any relevant
combination thereof (and subject to compliance, where relevant, with <U>Section&nbsp;7.2</U>), and (B)&nbsp;in the event that an
item of Indebtedness (or any portion thereof) meets the criteria of one or more of the categories of permitted Indebtedness (or
any portion thereof) described above, Lead Borrower may, in its sole discretion, classify or divide such item of Indebtedness (or
any portion thereof) in any manner that complies with this <U>Section&nbsp;7.1</U> (and subject to compliance, where relevant,
with <U>Section&nbsp;7.2</U>) and will be entitled to only include the amount and type of such item of Indebtedness (or any portion
thereof) in one of the above clauses (or any portion thereof) and such item of Indebtedness (or any portion thereof) shall be treated
as having been incurred or existing pursuant to only such clause or clauses (or any portion thereof); <U>provided</U> that all
Indebtedness outstanding under the Loan Documents and/or incurred in respect of any Secured Obligations shall at all times be deemed
to have been incurred pursuant to <U>Section&nbsp;7.1(a)(i)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Liens</U></FONT>. The Borrowers will not, and will not permit any of their respective Subsidiaries to, create, incur, assume
or permit to exist any Lien on any property or asset now owned or hereafter acquired by it or 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: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens created under the Loan Documents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Permitted Encumbrances;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Lien on any property or asset of Lead Borrower or any Subsidiary existing on the Agreement Date and set forth in <U>Schedule&nbsp;7.2</U>;
<U>provided</U> that (i) such Lien shall not apply to any other property or asset of Lead Borrower or any Subsidiary other than
(A) after-acquired property that is affixed or incorporated into the property covered by such Lien and/or within the scope of the
collateral grant in effect on the Agreement Date and (B) proceeds and products thereof, and (ii) such Lien shall secure only those
obligations which it secures on the Agreement Date and any Refinancing Indebtedness in respect thereof;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> any Lien securing Indebtedness permitted by <U>Section&nbsp;7.1(a)(iii)</U> and any Refinancing Indebtedness in respect
thereof; <U>provided</U> that such Liens do not apply to any property or assets of Lead Borrower or any Subsidiary other than the
property or assets acquired, leased, constructed, repaired, replaced, installed or improved with or financed by such Indebtedness,
and accessions and additions thereto, proceeds and products thereof, customary security deposits and related property; <U>provided
further</U> that individual financings provided by one lender may be cross-collateralized to other financings provided by such
lender (and its Affiliates);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Lien existing on any property or asset prior to the acquisition thereof by Lead Borrower or any Subsidiary or existing
on any property or asset of any Person that becomes a Subsidiary after the Agreement Date prior to the time such Person becomes
a Subsidiary; <U>provided</U> that (i) such Lien secures Indebtedness permitted by <U>Section&nbsp;7.1(a)(iv)</U>, (ii) such Lien
is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, as applicable,
(iii) such Lien shall not apply to any other property or assets of Lead Borrower or any Subsidiary, other than (A)&nbsp;after-acquired
property that is affixed or incorporated into the property covered by such Lien and/or within the scope of the collateral grant
in effect at the time of acquisition of such asset or such Person becoming a Subsidiary, as the case may be, and (B)&nbsp;proceeds
and products thereof and (iv) such Lien shall secure only the Indebtedness and other obligations that it secures on the date of
such acquisition or the date such Person becomes a Subsidiary, as applicable, and any extensions, renewals and replacements thereof
to the extent that they do not increase the outstanding principal amount thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens on any property or asset (other than Intellectual Property) of any Non-Loan Party Subsidiary securing Indebtedness
of any Non-Loan Party Subsidiary permitted under <U>Section 7.1</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens or restrictions (including, without limitation, put and call agreements) (i)&nbsp;on Equity Interests in joint ventures
that are not Subsidiaries (A)&nbsp;securing obligations of such joint venture or (B)&nbsp;pursuant to the relevant joint venture
agreement or arrangement and (ii)&nbsp;in the nature of put and call arrangements, purchase options and restrictions on Disposition
related to, the Equity Interests of any Subsidiary that is a non-Wholly-Owned Subsidiary set forth in such Subsidiary&rsquo;s organizational
documents or similar agreements;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens on securities that are the subject of repurchase agreements constituting Cash Equivalents under clause (e) of the
definition thereof arising out of such repurchase transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) any condemnation or eminent domain proceedings affecting any real property and (ii)&nbsp;in the case of real property
in which a Loan Party or Subsidiary has a leasehold interest or easement rights, any Lien, mortgage, security interest, restriction,
encumbrance or any other matter of record to which the fee simple interest (or any superior leasehold interest) is subject;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens securing obligations under Swap Agreements consisting of Liens on any margin or collateral posted by Lead Borrower
or any Subsidiary under a Swap Agreement as a result of any regulatory requirement, swap clearing organization, or other similar
regulations, rules, or requirements and/or reasonably required by the counterparty thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens on Foreign Receivables and/or Foreign Inventory (and related rights, assets and/or Equity Interests) securing Indebtedness
permitted by <U>Section 7.1(a)(xvii)</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liens on any property or asset of Lead Borrower or any Subsidiary (other than Collateral of the type included in the Borrowing
Base, related rights and assets, and Intellectual Property) securing Indebtedness or other obligations in an aggregate principal
amount not to exceed $5,000,000 at any time outstanding; and</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Liens on Rosenthal Factoring Collateral arising under the Rosenthal Factoring Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">For purposes of
determining compliance with this <U>Section&nbsp;7.2</U>, (A)&nbsp;a Lien need not be permitted solely by reference to one category
of permitted Liens (or any portion thereof) described above but may be permitted in part under any combination thereof, and (B)&nbsp;in
the event that a Lien securing any obligation (or any portion thereof) meets the criteria of one or more of the categories of permitted
Liens (or any portion thereof) described above, Lead Borrower may, in its sole discretion, classify or divide such Lien securing
such obligation (or any portion thereof) in any manner that complies with this <U>Section&nbsp;7.2</U> and will be entitled to
only include the amount and type of such Lien or such obligation secured by such Lien (or any portion thereof) in one of the above
clauses and such Lien securing such obligation (or portion thereof) will be treated as being incurred or existing pursuant to only
such clause or clauses (or any portion thereof); <U>provided</U> that all Liens created under any Loan Documents and/or in respect
of any Secured Obligations shall at all times be deemed to have been incurred pursuant to clause (a) of this <U>Section&nbsp;7.2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Fundamental Changes; Business; Fiscal Year</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Borrowers will not, and will not permit any of their respective Subsidiaries to, merge into or consolidate with any
other Person, or permit any other Person to merge into or consolidate with it, or Dispose of (in one transaction or in a series
of related transactions) all or substantially all of its assets, or all or substantially all of the Equity Interests issued by
any of its Subsidiaries (in each case, whether now owned or hereafter acquired), or liquidate or dissolve or consummate a Division
(if such Division results in the creation of a Person that is not a Loan Party); <U>provided</U> that, if at the time thereof and
immediately after giving effect thereto, no Event of Default shall or would have occurred and be continuing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(A) any Borrower may merge into or consolidate with any other Borrower, (B) any Subsidiary Guarantor may merge into or consolidate
with (I) any other Subsidiary Guarantor or (II) any Borrower in a transaction in which such Borrower is the surviving entity, and
(C) any Non-Loan Party Subsidiary that is a Wholly-Owned Subsidiary of Lead Borrower may merge into or consolidate with (I) any
Borrower in a transaction in which such Borrower is the surviving entity, (II) any Subsidiary Guarantor in a transaction in which
such Subsidiary Guarantor is the surviving entity, or (III) any other Non-Loan Party Subsidiary;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Loan Party or any Subsidiary may merge into or consolidate with any Person in a transaction that is not permitted by
<U>Section&nbsp;7.3(a)(i)</U>; <U>provided</U> that (x)&nbsp;in the case of a merger or consolidation involving a Loan Party, such
Loan Party shall be the surviving entity of such merger or consolidation unless such merger or consolidation effectuates a Disposition
permitted under <U>Section&nbsp;7.5</U>, and (y)&nbsp;either (1)&nbsp;such merger is permitted by <U>Section&nbsp;7.4</U> and either
(A)&nbsp;a Loan Party shall be the surviving entity or (B)&nbsp;such other Person shall become a Loan Party pursuant to <U>Section&nbsp;6.12</U>,
or (2)&nbsp;such merger or consolidation shall effectuate a Disposition permitted under <U>Section&nbsp;7.5</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(A) any Borrower may Dispose of all or substantially all of its assets to any other Borrower, (B) any Subsidiary Guarantor
may Dispose of all or substantially all of its assets to any other Loan Party, and (C) any Non-Loan Party Subsidiary may Dispose
of all or substantially all of its assets to any other Non-Loan Party Subsidiary or to any Loan Party;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Lead Borrower or any of its Subsidiaries may Dispose of its assets (including via the merger or consolidation of one or
more Subsidiaries) to effectuate a Disposition permitted under <U>Section&nbsp;7.5</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(A) any Non&#45;Loan Party Subsidiary may liquidate or dissolve so long as any remaining assets are transferred to another
Non&#45;Loan Party Subsidiary or to a Loan Party and (B) any Loan Party (other than Lead Borrower) may liquidate or dissolve so
long as any remaining assets of such Loan Party are transferred to another Loan Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Lead Borrower or any of its Subsidiaries may convert from one form of legal entity to another (subject to compliance with
the Loan Documents); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Lead Borrower or any of its Subsidiaries may make Investments permitted under <U>Section&nbsp;7.4</U>, create Liens permitted
by <U>Section&nbsp;7.2</U>, make Restricted Payments permitted by <U>Section&nbsp;7.8</U> and make Dispositions permitted by <U>Section&nbsp;7.5</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Borrowers will not, and will not permit any of their respective Subsidiaries to, engage to any material extent in any
business other than an Approved Line of Business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Lead Borrower will not change its Fiscal Year; <U>provided</U> that Lead Borrower may change its Fiscal Year one or more
times, subject to such adjustments to this Credit Agreement as Lead Borrower and the Administrative Agent shall reasonably agree
are necessary or appropriate in connection with such change (and, notwithstanding any provision of this Credit Agreement to the
contrary, the parties hereto hereby authorize Lead Borrower and the Administrative Agent to make any such amendments to this Credit
Agreement as they jointly deem necessary to give effect to the foregoing).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Investments, Loans, Advances, Guarantees and Acquisitions</U></FONT>. The Borrowers will not, and will not permit any of their
respective Subsidiaries to, purchase, hold or acquire (including pursuant to any merger or Division) any Investment, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Investments in cash and Cash Equivalents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Investments existing on the Agreement Date and set forth (or referenced) in <U>Schedule&nbsp;5.13</U> and <U>Schedule&nbsp;7.4</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>equity Investments (including capital contributions) made by Lead Borrower or any Subsidiary in the Equity Interests of
any of their respective Subsidiaries; <U>provided</U> that such Investments pursuant to this <U>Section&nbsp;7.4(c)</U> by any
Loan Party in the Equity Interests of any Non-Loan Party Subsidiary (together with the aggregate principal amount of Indebtedness
of Non-Loan Party Subsidiaries owed to any Loan Party outstanding under <U>Section 7.1(a)(v)(C)</U>) shall not exceed $15,000,000
in the aggregate at any time outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Investments constituting intercompany Indebtedness permitted by <U>Section&nbsp;7.1(a)</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Investments constituting Guarantees permitted by <U>Section&nbsp;7.1(a)</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Swap Agreements permitted by <U>Section&nbsp;7.7</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Permitted Acquisitions;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> (i)&nbsp;payroll, commission, travel and other similar cash advances made to directors (or comparable Persons), officers
or employees in the ordinary course of business, and (ii)&nbsp;other loans and advances made to directors (or comparable Persons),
officers or employees in the ordinary course of business in an aggregate outstanding principal amount not to exceed, at any time,
$3,000,000;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>extensions of credit by Lead Borrower or any Subsidiary to one or more future, present or former officers, directors, employees,
members of management or consultants or their respective estates, spouses or former spouses in connection with such person&rsquo;s
purchase of Equity Interests of Lead Borrower, so long as no cash is actually advanced by Lead Borrower or any of the Subsidiaries
to such individuals in connection with such extensions of credit;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) promissory notes and other non-cash consideration received in connection with Dispositions permitted by <U>Section&nbsp;7.5</U>
and (ii) Investments received in settlement of amounts due to any Loan Party or any of its Subsidiaries effected in the ordinary
course of business as a result of insolvency, bankruptcy, reorganization, or other similar proceeding involving an account debtor
or upon the foreclosure or enforcement of any Lien in favor of a Loan Party or its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Investments of any Person existing at the time such Person becomes a Subsidiary or consolidates or merges with Lead Borrower
or any Subsidiary (including in connection with a Permitted Acquisition) so long as such Investments were not made in contemplation
of such Person becoming a Subsidiary or of such consolidation or merger;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) deposits and other payments made in connection with any percentage lease or similar arrangement in respect of real property,
(ii) accounts receivable, security deposits and prepayments arising and trade credit granted in the ordinary course of business
and any assets or securities received in satisfaction or partial satisfaction thereof from financially troubled account debtors
to the extent reasonably necessary in order to prevent or limit loss and any prepayments and other credits to suppliers made in
the ordinary course of business and (ii) Investments consisting of earnest money deposits made in cash in connection with any letter
of intent, purchase agreement or other acquisition to the extent not prohibited by this Credit Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Investments in the ordinary course of business (i) in negotiable instruments deposited or to be deposited for collection
and (ii) consisting of Uniform Commercial Code Article&nbsp;4 customary trade arrangements with customers;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Investments to the extent that payment for such Investments is made substantially concurrently with any contribution to
the common equity of Lead Borrower, or substantially concurrently with the proceeds of Qualified Equity Interests of Lead Borrower;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>advances in the form of deposits, prepayment of expenses and other credits made in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to the extent constituting Investments, purchases and acquisitions of Inventory, supplies, materials and equipment or purchases
of contract rights or licenses or leases of Intellectual Property, in each case in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Investments by Lead Borrower or any Subsidiary in joint ventures in an aggregate amount not to exceed $5,000,000 at any
time outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(r)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any&nbsp;Investment&nbsp;acquired by virtue of any Bail-in Action with respect to any Lender (or any direct or indirect
parent company thereof);</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(s)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Investments consisting of Guarantees made in the ordinary course of business by Lead Borrower or any of its Subsidiaries
of the obligations (not constituting Indebtedness) of any of their respective Subsidiaries; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(t)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>so long as the Payment Conditions shall have been satisfied, other Investments (other than Acquisitions) by Lead Borrower
and its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">For purposes of
determining compliance with this <U>Section&nbsp;7.4</U>, (A)&nbsp;an Investment need not be permitted solely by reference to one
category of permitted Investments (or any portion thereof) described above but may be permitted in part under any relevant combination
thereof and (B)&nbsp;in the event that an Investment (or any portion thereof) meets the criteria of one or more of the categories
of permitted Investments (or any portion thereof) described above, Lead Borrower may, in its sole discretion, classify or divide
such Investment (or any portion thereof) in any manner that complies with this <U>Section&nbsp;7.4</U> and will be entitled to
only include the amount and type of such Investment (or any portion thereof) in one or more (as relevant) of the above clauses
(or any portion thereof) and such Investment (or any portion thereof) shall be treated as having been made or existing pursuant
to only such clause or clauses (or any portion thereof); <U>provided</U> that all Investments described in <U>Schedule&nbsp;7.4</U>
shall be deemed outstanding under <U>Section&nbsp;7.4(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In determining the
amount of Investments, acquisitions, loans, and advances permitted under this <U>Section&nbsp;7.4</U>, Investments and acquisitions
shall always be taken at the original cost thereof (regardless of any subsequent appreciation or depreciation therein) <U>minus</U>
all returns of principal, capital, dividends, distributions and other cash returns thereof and <U>minus</U> all liabilities expressly
assumed by another Person in connection with the Disposition of any Investment, and loans and advances shall be taken at the principal
amount thereof then remaining unpaid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Dispositions</U></FONT>. The Borrowers will not, and will not permit any of their respective Subsidiaries to, Dispose of any
of its assets except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>issuances of Equity Interests by Lead Borrower, or issuances or other Dispositions of Equity Interests by any Subsidiary
to qualify directors if required by applicable law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the use or transfer of cash or Cash Equivalents in a manner that is not prohibited by the terms of this Credit Agreement
or the other Loan Documents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the granting of Liens permitted by <U>Section&nbsp;7.2</U>, Investments permitted by <U>Section 7.4</U>, and Restricted
Payments permitted by <U>Section 7.8</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Dispositions arising in connection with any Casualty Event or similar events;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the licensing and sublicensing on a non-exclusive basis (but which may be on an exclusive basis as to specific countries,
regions or territories, in each case other than the United States and its territories or possessions) of patents, trademarks, copyrights,
and other intellectual property rights in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the abandonment, cancellation or lapse of issued patents, registered trademarks and other registered intellectual property
of a Loan Party or Subsidiary thereof, or any application therefor, to the extent, in Lead Borrower&rsquo;s reasonable business
judgment, such intellectual property is not economically desirable in the conduct of such Loan Party&rsquo;s or Subsidiary&rsquo;s
business or so long as such abandonment, cancellation or lapse is not materially adverse to the interests of the Administrative
Agent and the Lenders;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Dispositions of substantially worn out, damaged, uneconomical, surplus or obsolete equipment or other assets in the ordinary
course of business or consistent with past practice;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any sale, transfer, termination or other Disposition consisting of the unwinding or termination of any hedging arrangement
or transaction contemplated thereby which is not prohibited hereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Disposition of assets (other than Equity Interests of any Wholly-Owned Subsidiary, unless all of the Equity Interests
of such Wholly-Owned Subsidiary are sold in accordance with this clause&nbsp;(i)) for at least fair market value, so long as (A)
no Event of Default then exists or would immediately result therefrom, (B) at least 75% of the consideration received by the applicable
Loan Party or Subsidiary consists of cash or Cash Equivalents; <U>provided</U> that for purposes of this clause&nbsp;(B), &ldquo;cash&rdquo;
shall include (1) the amount of any liabilities (as shown on Lead Borrower&rsquo;s or such Subsidiary&rsquo;s most recent balance
sheet or in the notes thereto) that are assumed by the transferee of any such assets or are otherwise cancelled in connection with
such transaction and (2) any notes or other obligations or other securities or assets received by Lead Borrower or such Subsidiary
from the transferee that are converted by Lead Borrower or such Subsidiary into cash or Cash Equivalents within 180 days after
receipt thereof (to the extent of the cash or Cash Equivalents received), (C) the Net Cash Proceeds therefrom are applied and/or
reinvested as (and to the extent) required by <U>Section&nbsp;2.7(b)</U>, and (D) the aggregate amount of the cash and non-cash
proceeds received from all assets sold pursuant to this clause (i) shall not exceed $30,000,000 in the aggregate in any Fiscal
Year (for this purpose, using the fair market value of property other than cash and Cash Equivalents);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Dispositions of assets acquired by Lead Borrower or any Subsidiary pursuant to a Permitted Acquisition to the extent consummated
within 12 months of the date of such Permitted Acquisition and having a fair market value in an aggregate amount not to exceed
15% of the aggregate purchase consideration for the assets acquired pursuant to such Permitted Acquisition;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>leases, licenses or subleases or sublicenses of any real property in the ordinary course of business, including the termination
thereof in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the discount, forgiveness or sale, in each case without recourse and in the ordinary course of business, of past due receivables
arising in the ordinary course of business, but only in connection with the compromise or collection thereof consistent with customary
industry practice (and not as part of any bulk sale or financing of receivables); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Disposition of any&nbsp;Investment&nbsp;acquired by virtue of any Bail-in Action with respect to any Lender (or any
direct or indirect parent company thereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Sale and Lease Back Transactions</U></FONT><U>.</U> The Borrowers will not, and will not permit any of their respective Subsidiaries
to, enter into any Sale and Leaseback arrangement, directly or indirectly with any Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Swap Agreements</U></FONT>. The Borrowers will not, and will not permit any of their respective Subsidiaries to, enter into
any Swap Agreement, except (a) Swap Agreements entered into in the ordinary course of business to hedge or mitigate risks to which
Lead Borrower or any Subsidiary has actual exposure (other than those in respect of Equity Interests of Lead Borrower or any Subsidiary)
and that are not for speculative purposes, and (b) Swap Agreements entered into in order to effectively cap, collar or exchange
interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any
interest-bearing liability or investment of such Loan Party or Subsidiary.</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify; text-indent: 0.5in">Section 7.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Restricted Payments</U>. The Borrowers will not, and will not permit any of their respective Subsidiaries to, declare
or make, or agree to pay for or make any Restricted Payment, or incur any obligation (contingent or otherwise) to do so and any
purported approval of a Restricted Payment by the Borrowers shall be deemed <I>void ab initio</I>, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>subject to the Collateral and Guarantee Requirement, any Subsidiary may declare and pay, and agree to pay, dividends and
other distributions with respect to its Equity Interests payable solely in perpetual common Equity Interests (other than Disqualified
Equity Interests);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) any Non-Loan Party Subsidiary may declare and pay, and agree to pay, dividends or other distributions with respect to
its Equity Interests to any other Non-Loan Party Subsidiary or to any Loan Party, and (ii) any Subsidiary that is a Loan Party
may declare and pay, and agree to pay, dividends or other distributions with respect to its Equity Interests to any other Loan
Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>provided no Event of Default has occurred and is continuing or would result therefrom, Restricted Payments may be made to
purchase, retire or redeem the Equity Interests of Lead Borrower (including related stock appreciation rights or similar securities)
held by any future, present or former directors, consultants, officers or employees of Lead Borrower or any of the Subsidiaries
(or such person&rsquo;s estates or heirs) or by any Benefit Plan, management equity plan, stock option plan or any shareholders&rsquo;
agreement or other management or employee benefit plan or similar agreement or arrangement then in effect upon such person&rsquo;s
death, disability, retirement or termination of employment or under the terms of any such Benefit Plan, agreement or arrangement
or any other agreement under which such shares of Equity Interests or related rights were issued; <U>provided</U>, that the aggregate
amount of such purchases or redemptions under this clause&nbsp;(c) shall not exceed in any Fiscal Year $25,000,000 (plus the amount
of proceeds of any key-man life insurance policies received directly in connection with the death of the person whose shares are
being purchased, retired or redeemed) (for the avoidance of doubt, the foregoing limit applies under this clause&nbsp;(c), but
does not limit Restricted Payments made under other clauses of this <U>Section&nbsp;7.8</U>); and <U>provided</U>, <U>further</U>,
that cancellation of Indebtedness owing to Lead Borrower or any Subsidiary from any future, present or former employee, director
or consultant of Lead Borrower or any Subsidiary in connection with a repurchase of Equity Interests of Lead Borrower will not
be deemed to constitute a Restricted Payment for purposes of this <U>Section&nbsp;7.8</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Person may (i) make non-cash repurchases of Equity Interests deemed to occur upon exercise or settlement of stock options
or other Equity Interests if such Equity Interests represent a portion of the exercise price of or withholding obligation with
respect to such options or other Equity Interests or (ii)&nbsp;withhold a portion of Equity Interests issued upon any such exercise
to cover any withholding tax obligations in respect of such issuance;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Restricted Payments in the form of cash payments may be made (1)&nbsp;in lieu of the issuance of fractional shares, or (2)&nbsp;upon
the purchase, redemption or acquisition of fractional shares, in each case, including fractional share payments in connection with
(i)&nbsp;the exercise of options or warrants, or (ii)&nbsp;the conversion or exchange of Equity Interests or Indebtedness convertible
into, or exchangeable for, Equity Interests;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Restricted Payments not to exceed, under this clause&nbsp;(f), $20,000,000 in any Fiscal Year; <U>provided</U> that (i)&nbsp;no
Event of Default has occurred and is continuing or would result therefrom and (ii)&nbsp;upon giving effect thereto, the Loan Parties
shall have <FONT STYLE="letter-spacing: -0.1pt">combined liquidity (including unrestricted cash and Cash Equivalents subject to
a Control Agreement in favor of the Administrative Agent and Availability) at least equal to $200,000,000 (for the avoidance of
doubt, the foregoing limit applies under this clause&nbsp;(f), but does not limit Restricted Payments made under other clauses
of this <U>Section&nbsp;7.8</U>)</FONT>; and</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> following the occurrence of the Permanent Borrowing Base Trigger, so long as the Payment Conditions shall have been satisfied,
the Loan Parties may make additional Restricted Payments not otherwise permitted under this <U>Section 7.8</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Transactions with Affiliates</U></FONT>. The Borrowers will not, and will not permit any of their respective Subsidiaries to,
Dispose (including pursuant to a merger or Division) of any property or assets to, or purchase, lease or otherwise acquire (including
pursuant to a merger or Division) any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates,
except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>transactions in the ordinary course of business and at prices and on terms and conditions not less favorable to such Loan
Party or such Subsidiary than could be obtained on an arm&rsquo;s-length basis from unrelated third parties (it being understood
that this <U>Section&nbsp;7.9</U> (and the foregoing requirements in this clause&nbsp;(a)) shall not apply to any transaction that
is (x)&nbsp;expressly permitted under <U>Sections&nbsp;7.1</U>, <U>7.2</U>, <U>7.3</U>, <U>7.4</U>, <U>7.5</U>, <U>7.6</U> or <U>7.8</U>
between or among the Loan Parties and their Subsidiaries and not involving any other Affiliate, (y)&nbsp;solely between or among
Loan Parties or (z)&nbsp;solely between or among Non-Loan Party Subsidiaries);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) the Transactions and (ii) permitted transactions, agreements and arrangements in existence on the Agreement Date and
set forth on Schedule&nbsp;7.9, and, in each case, any amendment thereto or replacement thereof or similar arrangement to the extent
such amendment, replacement or arrangement is not more disadvantageous to the Lenders when taken as a whole in any material respect
than the original agreement as in effect on the Agreement Date (as determined by Lead Borrower in good faith);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any issuance of securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding
of, employment arrangements, equity purchase agreements, stock options and stock ownership plans or similar employee benefit plans;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the payment of fees, reasonable out-of-pocket costs and indemnities to directors, managers, officers, consultants, employees
and substantially similar Persons in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) any employment agreement, consulting agreement, severance agreement, compensation arrangement, officer or director indemnification
agreement or any similar arrangement entered into by Lead Borrower or any of the Subsidiaries in the ordinary course of business
and any payments pursuant thereto, (ii) any subscription agreement or similar agreement pertaining to the repurchase of Equity
Interests pursuant to put/call rights or similar rights with employees, officers or directors, and (iii) any employee compensation,
benefit plan or arrangement, any health, disability or similar insurance plan which covers employees, and any reasonable employment
contract and transactions pursuant thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>payments to or the receipts of payments from, and entry into and the consummation of transactions with joint ventures entered
into in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>transactions between Lead Borrower or any of its Subsidiaries and any Person, a director (or the substantial equivalent)
of which is also a director of Lead Borrower; <U>provided</U>, <U>however</U>, that (i)&nbsp;such individual abstains from voting
as a director of Lead Borrower on any matter involving such other Person and (ii)&nbsp;such Person is not an Affiliate of Lead
Borrower for any reason other than such individual&rsquo;s acting in such capacity;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> payments, loans (or cancellation of loans) or advances to employees or consultants that are (i) made in the ordinary course
of business or approved by a majority of the disinterested members of the board of directors of Lead Borrower in good faith, (ii)
made in compliance with applicable law and (iii) otherwise permitted under this Credit Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any issuance of Qualified Equity Interests of Lead Borrower to Affiliates of Lead Borrower;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>transactions with an Affiliate where the only consideration paid is Qualified Equity Interests of Lead Borrower;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any contributions to the common equity capital of Lead Borrower or any Subsidiary; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any purchases by Lead Borrower&rsquo;s Affiliates of Indebtedness or Disqualified Equity Interests of Lead Borrower or any
Subsidiary the majority of which Indebtedness or Disqualified Equity Interests are purchased by Persons who are not Lead Borrower&rsquo;s
Affiliates; <U>provided</U> that such purchases by Lead Borrower&rsquo;s Affiliates are on the same terms as such purchases by
such Persons who are not Lead Borrower&rsquo;s Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section
7.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Restrictive
Agreements</U></FONT>. The Borrowers will not, and will not permit any of their respective Subsidiaries that are Loan Parties
or Domestic Subsidiaries (other than Excluded Subsidiaries) to, directly or indirectly, enter into, incur or permit to exist
any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a)&nbsp;the ability of any Loan
Party or any of its Domestic Subsidiaries (other than any Excluded Subsidiaries) to create, incur or permit to exist any Lien
upon any of its property or assets (unless such agreement or arrangement does not prohibit, restrict or impose any condition
upon the ability of any Loan Party to create, incur or permit to exist, or the ability of the Administrative Agent to
exercise any right or remedy with respect to, any Lien in favor of the Administrative Agent created under the Loan Documents)
or (b)&nbsp;the ability of any Loan Party or any of its Domestic Subsidiaries (other than Excluded Subsidiaries) to pay
dividends or make other distributions with respect to any of its Equity Interests or to make or repay loans or advances to
Lead Borrower or any other Loan Party or Domestic Subsidiary (other than any Excluded Subsidiary) or to Guarantee
Indebtedness of Lead Borrower or any other Loan Party or Domestic Subsidiary (other than any Excluded Subsidiary); <U>provided</U>
that (i)&nbsp;the foregoing shall not apply to (A)&nbsp;restrictions and conditions imposed by law or by the Loan Documents,
(B)&nbsp;restrictions and conditions existing on the Agreement Date identified on <U>Schedule&nbsp;7.10</U> (and any
extension or renewal of, and any amendment or modification that does not materially expand the scope of, any such restriction
or condition), (C)&nbsp;customary restrictions and conditions contained in agreements relating to the Disposition of a
Subsidiary or its Equity Interests or assets, or assets of Lead Borrower, pending such Disposition, provided that such
restrictions and conditions apply only to the Subsidiary, Equity Interests or assets to be Disposed and such Disposition is
permitted hereunder, (D)&nbsp;restrictions and conditions in effect at the time any Person becomes a Subsidiary and not
entered into in connection with or in contemplation of such Person becoming a Subsidiary, (E)&nbsp;customary provisions in
joint venture agreements and other similar agreements applicable to joint ventures permitted hereunder and applicable solely
to such joint venture and/or its Equity Interests, (F)&nbsp;restrictions and conditions on cash or other deposits imposed by
customers under contracts entered into in the ordinary course of business, (G)&nbsp;customary restrictions and conditions
imposed in connection with purchase money obligations, mortgage financings and lease obligations with respect to the property
purchased or leased or (H)&nbsp;any restriction or condition arising from amendments, replacements, extensions or renewals of
any agreement containing any of the foregoing to the extent that the scope of the restriction or condition is not expanded in
any material respect, (ii)&nbsp;clause&nbsp;(a) of this Section shall not apply to restrictions or conditions imposed by any
agreement relating to secured Indebtedness or leases permitted by this Credit Agreement if
such restrictions or conditions apply only to the property or assets securing such Indebtedness or subject to such leases, as the
case may be, and (iii)&nbsp;clause&nbsp;(a) of this Section shall not apply to customary provisions in agreements restricting the
assignment thereof.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Amendment of Material Documents</U></FONT>. The Borrowers will not, and will not permit any of their respective Subsidiaries
to, amend, supplement, modify or waive any of their rights under any of their Organizational Documents or the Rosenthal Factoring
Agreement, other than amendments, modifications or waivers that could not reasonably be expected to materially adversely affect
the Credit Parties; <U>provided</U> that, in respect of the Rosenthal Factoring Agreement, the Borrowers shall deliver or cause
to be delivered to the Administrative Agent and each Lender a copy of all material amendments, modifications or waivers thereto
promptly after the execution and delivery thereof. Without limiting the generality of the foregoing, the Borrowers will not, and
will not permit any of their respective Subsidiaries to, amend, supplement, modify or waive any of their rights under any of the
following provisions of the Rosenthal Factoring Agreement (with each of the following terms used as defined therein, to the extent
not otherwise defined in this Credit Agreement): (i) the definitions of &ldquo;Credit Agreement&rdquo;, &ldquo;Credit Agreement
Agent&rdquo; or &ldquo;Credit Agreement Default&rdquo; or the Credit Agreement Agent&rsquo;s right to exercise the Redirection
Right during the continuance of a Credit Agreement Default, (ii) the terms and conditions upon which Rosenthal may purchase Receivables,
the effect of which would decrease the Purchase Price for any Receivable, permit Rosenthal to purchase a Receivable that is not
a Credit Approved Receivable or a Receivable that is less than 120 days past due, or permit Rosenthal to purchase a Receivable
other than for cash consideration remitted to the Collection Account at the time of such purchase, in each case without the Administrative
Agent&rsquo;s prior written consent, (iii) any provision, the effect of which would permit Rosenthal to debit the Collection Account
for any reason other than to collect commissions owed to Rosenthal from time to time under the Rosenthal Factoring Agreement as
and when the related Referred Accounts are paid, (iv) the location, account number, ownership or other terms of the Collection
Account, without the Administrative Agent&rsquo;s prior written consent, (v) any provision, the effect of which would reduce the
scope, timing or frequency of amounts required to be remitted by Rosenthal to the Collection Account, or (vi) the requirement that
invoices (and other statements to Customers) evidencing Referred Accounts clearly state that each Receivable is payable to Rosenthal
in its capacity as collection agent on the Loan Parties&rsquo; behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Financial Covenants</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Minimum Availability Prior to Permanent Borrowing Base Trigger</U>. The Borrowers will not permit Availability to be
less than the greater of (i) $22,500,000 and (ii) 15% of the Line Cap, at any time prior to the occurrence of the Permanent Borrowing
Base Trigger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Minimum Availability After Permanent Borrowing Base Trigger</U>. The Borrowers will not permit Availability to be less
than the greater of (i) $15,000,000 and (ii) 10% of the Line Cap, at any time after the occurrence of the Permanent Borrowing Base
Trigger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.13<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Payments on Subordinated Debt</U></FONT>. The Borrowers will not, and will not permit any of their respective Subsidiaries to,
declare or make, or agree to pay for or make, directly or indirectly, any payment of principal or interest or any purchase, redemption,
retirement, acquisition or defeasance with respect to any Subordinated Debt except that (a) Lead Borrower or any Subsidiary may
make payments of Subordinated Debt to the extent permitted by the subordination provisions applicable thereto and (b) so long as
the Payment Conditions shall have been satisfied, Lead Borrower or any Subsidiary may make other payments of Subordinated Debt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 7.14<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Dispositions of Intellectual Property</U></FONT>. The Borrowers will not, and will not permit any other Loan Party to, encumber,
sell or otherwise transfer or assign any Intellectual Property that is used or useful in connection with the Collateral without
providing prior written notice thereof to the Administrative Agent and, if so requested by the Administrative Agent, and prior
to or concurrently with consummating such transaction, causing the applicable purchaser, transferee or assignee of, or holder
of a Lien on, such Intellectual Property to enter into an agreement with the Administrative Agent, in form and substance reasonably
satisfactory to the Administrative Agent and consistent with the terms of the license contemplated in Section 5.4 of the Security
Agreement, pursuant to which the applicable purchaser, transferee or assignee, or holder of a Lien, acknowledges and agrees to
the Administrative Agent&rsquo;s customary royalty-free use rights with respect to such Intellectual Property solely in connection
with exercising its rights and remedies with respect to the Collateral and specifically including at all times following any release
of the Administrative Agent&rsquo;s Lien in and to any such Intellectual Property pursuant to <U>Section 9.10(a)(i)(C)</U>, which
rights shall immediately and automatically terminate without action of any party upon the occurrence of the Termination Date.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article
8</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none"><B><U><BR>
</U></B></FONT>Events of Default</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 8.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Events of Default</U></FONT>. Any of the following shall constitute an Event of Default:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Non-Payment of Principal or L/C Disbursement</U>. Any Loan Party shall fail to pay any principal of any Loan or any reimbursement
obligation in respect of any L/C Disbursement when and as the same shall become due and payable, whether at the due date thereof
or at a date fixed for prepayment thereof or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Other Non-Payment</U>. Any Loan Party shall fail to pay any interest on any Loan or on any reimbursement obligation in
respect of any L/C Disbursement or any fee, commission or any other amount (other than an amount referred to in clause (a) of this
Section) payable under any Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied
for a period of three Business Days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representations and Warranties</U>. Any representation or warranty made or deemed made by or on behalf of any Loan Party
or any of its Subsidiaries in or pursuant to any Loan Document or any amendment or modification hereof or waiver thereunder, or
in any report, certificate, financial statement or other document furnished pursuant to any Loan Document or any amendment or modification
thereof or waiver 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: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Specific Covenants</U>. Any Loan Party shall fail to observe or perform any covenant, condition or agreement contained
in <U>Sections&nbsp;2.1(b)(ii)</U>, <U>6.1</U>, <U>6.2(a)</U>, <U>6.3</U> (solely with respect to the Loan Parties), <U>6.6</U>,
<U>6.8</U>, <U>6.10</U>, <U>6.12</U>, <U>6.14</U>, <U>6.15</U> or <U>6.16</U>, in <U>Article&nbsp;7</U> or in any Collateral Document
to which it is a party, if, solely in the case of any Collateral Document, such failure shall continue unremedied for a period
of ten (10) days after the earlier to occur of (i)&nbsp;any Loan Party&rsquo;s actual knowledge of such failure or (ii)&nbsp;receipt
by Lead Borrower of written notice from the Administrative Agent of such failure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Other Covenants</U>. Any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in
any Loan Document to which it is a party (other than those specified in clause (a), (b) or (d) of this Article), and such failure
shall continue unremedied for a period of 30 days after the earlier to occur of (i)&nbsp;any Loan Party&rsquo;s actual knowledge
of such failure or (ii)&nbsp;receipt by Lead Borrower of written notice from the Administrative Agent of such failure.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> [<U>Reserved</U>].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Cross-Default</U>. Any event or condition occurs that results in any Material Indebtedness becoming due prior to its
scheduled maturity date, or that enables or permits (with all applicable grace or notice periods having expired) the holder or
holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become
due prior to their scheduled maturity date or to require the prepayment, repurchase, redemption or defeasance thereof prior to
their scheduled maturity date, in each case without such Material Indebtedness having been discharged; <U>provided</U>, <U>however</U>,
that, notwithstanding the foregoing, this <U>clause&nbsp;(g)</U> shall not apply to (i)&nbsp;any secured Indebtedness that becomes
due solely as a result of the voluntary sale, transfer or other disposition of, or any Casualty Event with respect to, the property
or assets securing such Indebtedness, (ii)&nbsp;any change of control offer made within 60&nbsp;days after an Acquisition with
respect to, and effectuated pursuant to, Indebtedness of an acquired business, (iii)&nbsp;any default under Indebtedness of an
acquired business if such default is cured, or such Indebtedness is repaid, within 60&nbsp;days after the Acquisition of such business
so long as no other creditor accelerates or commences any kind of enforcement action in respect of such Indebtedness, (iv)&nbsp;mandatory
prepayment requirements arising from the receipt of net cash proceeds from debt, dispositions (including casualty losses, governmental
takings and other involuntary dispositions), equity issues or excess cash flow, (v)&nbsp;prepayments required by the terms of Indebtedness
as a result of customary provisions in respect of illegality, replacement of lenders and gross-up provisions for taxes, increased
costs, capital adequacy and other similar customary requirements and (vi)&nbsp;any voluntary prepayment, redemption or other satisfaction
of Indebtedness that becomes mandatory in accordance with the terms of such Indebtedness solely as the result of Lead Borrower
or any Subsidiary delivering a prepayment, redemption or similar notice with respect to such prepayment, redemption or other satisfaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Involuntary Proceedings</U>. An involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking
(i) liquidation, reorganization or other relief in respect of any Loan Party or any of its Subsidiaries (excluding any Immaterial
Subsidiaries) or its debts, or of a substantial part of its assets, under any Debtor Relief Law now or hereafter in effect or (ii)
the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Loan Party or any of its
Subsidiaries (excluding any Immaterial Subsidiaries) or for a substantial part of its assets, and, in any such case, such proceeding
or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Voluntary Proceedings</U>. Any Loan Party or any of its Subsidiaries shall (i) voluntarily commence any proceeding or
file any petition seeking liquidation, reorganization or other relief under any Debtor Relief Law now or hereafter in effect, (ii)
consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause
(h) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator
or similar official for any Loan Party or any of its Subsidiaries or for a substantial part of its assets, (iv) file an answer
admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the
benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Inability to Pay Debts</U>. Any Loan Party or any of its Subsidiaries shall become generally unable, admit in writing
its general inability or fail generally to pay its debts as they become due.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Judgments</U>. One or more judgments for the payment of money in an aggregate amount in excess of the Threshold Amount
shall be rendered against any Loan Party or any of its Subsidiaries (excluding any Immaterial Subsidiaries) or any combination
thereof (which shall not be fully covered (without taking into account any applicable deductibles) by insurance from an unaffiliated
insurance <FONT STYLE="font-size: 10pt">company with an A.M. Best financial strength rating of at least A-, it being understood
that even if such amounts are covered by insurance from such an insurance company, such amounts shall count against such basket
if responsibility for such amounts has been denied by such insurance company) and the same shall remain undischarged or unbonded
for a period of 45 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken
by a judgment creditor to attach or levy upon any assets of any Loan Party or any of its Subsidiaries (excluding any Immaterial
Subsidiaries) to enforce any such judgment.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>ERISA Events</U>. (i) An ERISA Event shall have occurred; (ii) a Loan Party or ERISA Affiliate shall fail to pay when
due any installment payment with respect to its withdrawal liability under Section&nbsp;4201 of ERISA under a Multiemployer Plan;
(iii) any event similar to the foregoing shall occur or exist with respect to a Foreign Plan; or (iv) there shall be at any time
a Lien imposed against the assets of any Loan Party or ERISA Affiliate under Section&nbsp;412 or Section&nbsp;430 of the Code or
Sections&nbsp;302, Section&nbsp;303, or Section&nbsp;4068 of ERISA; and in the case of each of <U>clauses&nbsp;(i)</U> through
<U>(iii)</U> above, such event or condition, together with all other such events or conditions, if any, could reasonably be expected
to result in liability of any Loan Party or any of its Subsidiaries (or in the case of an ERISA Event described in subsection (b)
of the definition of that term in Section 1.1, could reasonably be expected to subject any Loan Party, any of its Subsidiaries,
any Pension Plan, any trust created thereunder, any trustee or administrator thereof, or any party dealing with any Pension Plan
or trust to a tax or penalty on &ldquo;prohibited transactions&rdquo; under Section 502 of ERISA or Section 4975 of the Code) in
an aggregate amount exceeding the Threshold Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Invalidity of Loan Documents</U>. Any Loan Document shall cease, for any reason, to be in full force and effect (other
than in accordance with its terms), or any Loan Party shall so assert in writing or shall disavow any of its obligations thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Liens</U>. Any Lien purported to be created under any Collateral Document shall cease to be, or shall be asserted by
any Loan Party not to be, a valid and perfected Lien on any material portion of the Collateral (as required by the Loan Documents),
with the priority required by the applicable Collateral Document, other than (i) in accordance with the terms of the applicable
Loan Documents, (ii) to the extent that any such loss of perfection results from the limitations of foreign laws, rules and regulations
as they apply to pledges of Equity Interests in Foreign Subsidiaries (other than the Hong Kong Guarantor) or the application thereof,
or (iii) as a result of the Administrative Agent&rsquo;s failure to maintain possession of any stock certificates, promissory notes
or other instruments delivered to it under the Collateral Documents or to duly file any UCC financing statements, continuation
statements or other similar filings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Change of Control</U>. A Change of Control shall occur.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Invalidity of Subordination Provisions</U>. The subordination provisions of any agreement or instrument governing any
Subordinated Debt shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect (other than
in accordance with their terms), or any Loan Party shall contest in writing the validity or enforceability thereof or wrongfully
deny that it has any further liability or obligation thereunder, or the Secured Obligations shall not have the priority contemplated
by such subordination provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Invalidity of Rosenthal Intercreditor Provisions</U>. The provisions of the Rosenthal Collateral Assignment shall for
any reason be revoked or invalidated, or otherwise cease to be in full force and effect (other than in accordance with its terms),
or any Loan Party shall contest in any manner the validity or enforceability thereof or wrongfully deny that it has any further
liability or obligation thereunder, or the Secured Obligations
shall not have the priority contemplated by such intercreditor provisions.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify; text-indent: 0.5in">Section 8.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Remedies Upon Event of Default</U></FONT>. If any Event of Default occurs and is continuing, then, and in every such event (other
than an event described in <U>Section&nbsp;8.1(h)</U> or <U>(i)</U>), 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 Lead Borrower, take either
or both of the following actions (whether before or after the Closing Date), at the same or different times: (i) terminate the
Commitments, and thereupon the Commitments shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable
in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and
payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and
all fees and other obligations of each Loan Party accrued under the Loan Documents, 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 (iii) require that
the Borrowers Cash Collateralize the L/C Obligations in an amount equal to the Minimum Collateral Amount with respect thereto and
thereupon such Cash Collateral 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 described in <U>Section&nbsp;8.1(h)</U> or
<U>(i)</U>, the Commitments shall automatically terminate (whether before or after the Closing Date) the principal of the Loans
then outstanding, together with accrued interest thereon and all fees and other obligations of each Loan Party accrued under the
Loan Documents, 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 and Cash Collateral for the L/C Obligations as described above 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 8.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Application of Funds</U></FONT>. After the exercise of remedies provided for in <U>Section&nbsp;8.2</U> (or after the Loans
have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized
as set forth in <U>Section&nbsp;2.10</U>), any amounts received on account of the Secured Obligations shall be applied by the Administrative
Agent in the following order:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><U>First</U>, to the payment of
that portion of the Secured Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and
disbursements of counsel to the Administrative Agent and amounts payable under <U>Article&nbsp;3)</U>, in each case payable to
the Administrative Agent in its capacity as such;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><U>Second</U>, to the extent of
any excess of such proceeds, to the payment of that portion of the Secured Obligations constituting fees, indemnities, expenses
and other amounts (including fees, charges and disbursements of counsel to each L/C&nbsp;Issuer and the L/C Fronting Fee), in each
case payable to each L/C&nbsp;Issuer in its capacity as such;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><U>Third</U>, to the extent of any
excess of such proceeds, to the payment of that portion of the Secured Obligations constituting fees, indemnities and other amounts,
payable to the Credit Parties (including fees, charges and disbursements of counsel to the respective Credit Parties and amounts
payable under <U>Article&nbsp;3)</U>, ratably among them in proportion to the respective amounts described in this clause <U>Third</U>
payable to them;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><U>Fourth</U>, to the extent of
any excess of such proceeds, to the payment of that portion of the Secured Obligations constituting accrued and unpaid interest
on the Loans, L/C Obligations and other Secured Obligations,
ratably among the Credit Parties in proportion to the respective amounts described in this clause <U>Fourth</U> payable to them;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><U>Fifth</U>, to the extent of any
excess of such proceeds, to (a) the payment of that portion of the Secured Obligations constituting unpaid principal of the Loans
and L/C Obligations, (b) to the Administrative Agent for the account of each applicable L/C&nbsp;Issuer, to Cash Collateralize
that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit and (c) and all Noticed Swap Agreement
Obligations and Noticed Cash Management Obligations up to the amount of Reserves therefor, ratably among the Secured Parties in
proportion to the respective amounts described in this clause <U>Fifth</U> held by them;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><U>Sixth</U>, to the extent of any
excess of such proceeds, to all other Secured Swap Agreement Obligations and other Secured Cash Management Obligations, ratably
based on the respective aggregate amounts of all such Secured Obligations owing to the Secured Parties on such date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><U>Seventh</U>, to the extent of
any excess of such proceeds, to the payment of all other Secured Obligations that are due and payable to the Secured Parties or
any other holder of Secured Obligations, or any of them, on such date, ratably based on the respective aggregate amounts of all
such Secured Obligations owing to the Secured Parties on such date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><U>Last</U>, to the extent of any
excess of such proceeds, the balance, if any, after all of the Secured Obligations (other than unasserted contingent indemnification
and unasserted expense reimbursement obligations in each case not yet due and payable) have been paid in full, to the Borrowers
or as otherwise required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Subject to <U>Section&nbsp;2.10</U>,
amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause <U>Fifth</U> above shall
be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral
after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the Secured Obligations,
if any, in the order set forth above. The Administrative Agent shall have no obligation to calculate the amount of any Secured
Swap Agreement Obligations or Secured Cash Management Obligations and may request a reasonably detailed calculation thereof from
the provider of such Secured Obligations. If the provider of any Secured Swap Agreement Obligations or Secured Cash Management
Obligations fails to deliver the calculation of such Secured Obligations within five days following request thereof by the Administrative
Agent, then the Administrative Agent may assume the amount of such Secured Obligations are (a) in the case of Noticed Swap Agreement
Obligations or Noticed Cash Management Obligations, the amount set forth in the most recent Secured Obligation Designation Notice
received by the Administrative Agent and (b) in the case of any other Secured Swap Agreement Obligations or Secured Cash Management
Obligations, zero. Notwithstanding anything to the contrary set forth above, Excluded CEA Swap Obligations with respect to any
Guarantor shall not be paid with amounts received from such Guarantor or its assets, but appropriate adjustments shall be made
with respect to payments from other Loan Parties to preserve the allocation to Secured Obligations otherwise set forth above in
this Section.</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article
9</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">The Administrative Agent</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Appointment and Authority</U></FONT>. Each of the Lenders and the L/C&nbsp;Issuers hereby irrevocably appoints Citizens Bank
to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative
Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms
hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are
solely for the benefit of the Administrative Agent, the Lenders and the L/C&nbsp;Issuers, and neither any Borrower nor any other
Loan Party shall have rights as a third-party beneficiary of any of such provisions. It is understood and agreed that the use of
the term &ldquo;agent&rdquo; herein or in any other Loan Documents (or any other similar term) with reference to the Administrative
Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable
law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship
between contracting parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Rights as a Lender</U></FONT>. The Person serving as the Administrative Agent hereunder shall have the same rights and powers
in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and the
term &ldquo;Lender&rdquo; or &ldquo;Lenders&rdquo; shall, unless otherwise expressly indicated or unless the context otherwise
requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates
may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for,
and generally engage in any kind of business with, Lead Borrower or any Subsidiary or other Affiliate thereof as if such Person
were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Exculpatory Provisions</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other
Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the
Administrative Agent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights
and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as
directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for
herein or in the other Loan Documents); <U>provided</U> that the Administrative Agent shall not be required to take any action
that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any
Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay
under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in
violation of any Debtor Relief Law; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not
be liable for the failure to disclose, any information relating to Lead Borrower or any of its Subsidiaries or other Affiliates
that is communicated to or obtained by
the Person serving as the Administrative Agent or any of its Affiliates in any capacity.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request
of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent
shall believe in good faith shall be necessary, under the circumstances as provided in <U>Section&nbsp;8.2</U> and <U>Section&nbsp;10.2</U>),
or (ii) in the absence of its own bad faith, gross negligence or willful misconduct as determined by a court of competent jurisdiction
by final and nonappealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until
notice describing such Default is given to the Administrative Agent in writing by Lead Borrower, a Lender or a L/C&nbsp;Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty
or representation made in or in connection with this Credit Agreement or any other Loan Document, (ii) the contents of any certificate,
report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default,
(iv) the validity, enforceability, effectiveness or genuineness of this Credit Agreement, any other Loan Document or any other
agreement, instrument or document, or (v) the satisfaction of any condition set forth in <U>Article&nbsp;5</U> 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: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent shall not be responsible or have any liability for, or have any duty to investigate a violation
or potential violation of an Environmental Law or a Release or threat of Release of a Hazardous Material pursuant to <U>Section&nbsp;6.13</U>,
nor shall it have any liability for any action it takes or does not take in connection with any such investigation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Reliance by Administrative Agent</U></FONT>. The Administrative Agent shall be entitled to rely upon, and shall not incur any
liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including
any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been
signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to
it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying
thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or
increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or L/C&nbsp;Issuer, the Administrative
Agent may presume that such condition is satisfactory to such Lender or L/C&nbsp;Issuer unless the Administrative Agent shall have
received notice to the contrary from such Lender or L/C&nbsp;Issuer prior to the making of such Loan or the issuance of such Letter
of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrowers), independent accountants
and other experts selected by it, and shall not be liable in the absence of its own gross negligence, bad faith or willful misconduct
(as determined by a court of competent jurisdiction in a final non-appealable judgment) 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Delegation of Duties</U></FONT>. The Administrative Agent may perform any and all of its duties and exercise its rights and
powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent.
The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or
through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to
the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection
with the syndication of the Credit Facility as well as activities as Administrative Agent. The Administrative Agent shall not
be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction
determines in a final and nonappealable judgment that the Administrative Agent acted with bad faith, gross negligence or willful
misconduct in the selection of such sub-agents.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify; text-indent: 0.5in">Section 9.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Resignation of Administrative Agent</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C&nbsp;Issuers and Lead Borrower.
Upon receipt of any such notice of resignation, the Required Lenders shall have the right, with Lead Borrower&rsquo;s consent (so
long as no Event of Default under any of <U>Sections&nbsp;8.1(a)</U>, <U>8.1(b)</U>, <U>8.1(d)</U> (with respect only to any of
the covenants set forth in <U>Section 7.12</U>), <U>8.1(h)</U>, <U>8.1(i)</U> or <U>8.1(j)</U> has occurred and is continuing),
to appoint a successor, which shall be a bank with an office in New York, New York, or an Affiliate of any such bank with an office
in New York, New York. If no such successor shall have been so appointed by the Required Lenders (and consented to by Lead Borrower,
if required) and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its
resignation (or such earlier day as shall be agreed by the Required Lenders) (the &ldquo;<U>Resignation Effective Date</U>&rdquo;),
then the retiring Administrative Agent may (but shall not be obligated to), on behalf of the Lenders and the L/C&nbsp;Issuers,
with Lead Borrower&rsquo;s consent (so long as no Event of Default under any of <U>Sections&nbsp;8.1(a)</U>, <U>8.1(b)</U>, <U>8.1(d)</U>
(with respect only to any of the covenants set forth in <U>Section 7.12</U>), <U>8.1(h)</U>, <U>8.1(i)</U> or <U>8.1(j)</U> has
occurred and is continuing), appoint a successor Administrative Agent meeting the qualifications set forth above, <U>provided</U>
that in no event shall any such successor Administrative Agent be a Defaulting Lender or a Disqualified Institution. Whether or
not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective
Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the
Required Lenders may, to the extent permitted by applicable law, by notice in writing to Lead Borrower and such Person remove such
Person as Administrative Agent and, with Lead Borrower&rsquo;s consent (so long as no Event of Default under any of <U>Sections&nbsp;8.1(a)</U>,
<U>8.1(b)</U>, <U>8.1(d)</U> (with respect only to any of the covenants set forth in <U>Section 7.12</U>), <U>8.1(h)</U>, <U>8.1(i)</U>
or <U>8.1(j)</U> has occurred and is continuing), appoint a successor. If no such successor shall have been so appointed by the
Required Lenders (and consented to by Lead Borrower, if required) and shall have accepted such appointment within 30 days (or such
earlier day as shall be agreed by the Required Lenders (and consented to by Lead Borrower, if required)) (the &ldquo;<U>Removal
Effective Date</U>&rdquo;), then such removal shall nonetheless become effective in accordance with such notice on the Removal
Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed
Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except
that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the L/C&nbsp;Issuers
under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security
until such time as a successor Administrative Agent is appointed) and (ii) except for any indemnity payments owed to the retiring
or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative
Agent shall instead be made by or to each Lender and L/C&nbsp;Issuer directly, until such time, if any, as the Required Lenders
appoint and a successor Administrative Agent as provided for above (including, if required, Lead Borrower&rsquo;s consent in respect
thereof). Upon the acceptance of a successor&rsquo;s appointment as Administrative Agent hereunder in accordance with the provisions
hereof, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring
or removed Administrative Agent under this Credit Agreement and/or all other Loan Documents (other than any rights to indemnity
payments owed to the retiring or removed Administrative Agent), and the retiring or removed Administrative Agent shall be discharged
from all of its duties and obligations hereunder or under the other Loan Documents. The fees payable by the Borrowers to a successor
Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrowers and such
successor. After the retiring or removed Administrative Agent&rsquo;s resignation or removal hereunder and under the other Loan
Documents, the provisions of this Article and <U>Section&nbsp;10.3</U> shall continue in effect for the benefit of such retiring
or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted
to be taken by any of them while the retiring or removed Administrative Agent was acting as Administrative Agent.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any resignation or removal of Citizens Bank as Administrative Agent pursuant to this <U>Section 9.6</U> shall also constitute
its resignation as an L/C Issuer and the Swingline Lender. If Citizens Bank resigns as an L/C Issuer, it shall retain all the rights,
powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective
date of its resignation as an L/C Issuer and all L/C Obligations with respect thereto, including the right to require the Revolving
Lenders to make ABR Revolving Loans or fund risk participations in Unreimbursed Amounts pursuant to <U>Section 2.4(c)</U>. If Citizens
Bank resigns as the Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with respect
to Swingline Loans made by it and outstanding as of the effective date of such resignation, including the right to require the
Revolving Lenders to make ABR Revolving Loans or fund risk participations in outstanding Swingline Loans pursuant to <U>Section
2.3(c)</U>. Upon the appointment by Lead Borrower of a successor L/C Issuer or Swingline Lender hereunder, (i) such successor shall
succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender,
as applicable, under this Credit Agreement and/or all other Loan Documents, (ii) the retiring L/C Issuer and Swingline Lender shall
be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (iii) the successor
L/C Issuer shall issue Letters of Credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession
or make other arrangements satisfactory to Citizens Bank to effectively assume the obligations of Citizens Bank with respect to
such Letters of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Non-Reliance on Administrative Agent and Other Lenders</U></FONT>. Each Lender and L/C&nbsp;Issuer acknowledges that it has,
independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based
on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Credit
Agreement. Each Lender and L/C&nbsp;Issuer also acknowledges that it will, independently and without reliance upon the Administrative
Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to
time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Credit Agreement,
any other Loan Document or any related agreement or any document furnished hereunder or thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>No Other Duties, Etc</U></FONT><U>.</U> Anything herein to the contrary notwithstanding, none of the Arrangers or any agent
listed on the cover page hereof shall have any powers, duties or responsibilities under this Credit Agreement or any of the other
Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or a L/C&nbsp;Issuer hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Administrative Agent May File Proofs of Claim</U></FONT>. In case of the pendency of any proceeding under any Debtor Relief
Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal
of any Loan or reimbursement for any L/C Disbursement shall then be due and payable as herein expressed or by declaration or otherwise
and irrespective of whether the Administrative Agent shall have made any demand on the Borrowers) shall be entitled and empowered
(but not obligated) by intervention in such proceeding or otherwise:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans,
L/C Obligations and all other Loan Document Obligations that are owing and unpaid and to file such other documents as may be necessary
or advisable in order to have the claims of the Lenders, the L/C&nbsp;Issuers and the Administrative Agent (including any claim
for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C&nbsp;Issuers and the Administrative
Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C&nbsp;Issuers and the Administrative
Agent under <U>Section&nbsp;10.3</U>) allowed in such judicial proceeding; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender
and L/C&nbsp;Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent
to the making of such payments directly to the Lenders and the L/C&nbsp;Issuers, to pay to the Administrative Agent any amount
due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel,
and any other amounts due the Administrative Agent <U>Section&nbsp;10.3</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Collateral and Guarantee Matters</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Secured Parties (by virtue of their acceptance of the benefits of the Loan Documents) irrevocably authorize the Administrative
Agent<FONT STYLE="background-color: white">, without any further consent of any Lender or any other Secured Party,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (A) at the Termination
Date, (B) that is sold, transferred or otherwise Disposed (whether voluntary or involuntary) of or to be sold, transferred or otherwise
Disposed (whether voluntary or involuntary) of as part of or in connection with any sale, transfer or other Disposition (whether
voluntary or involuntary) permitted under the Loan Documents (including all of the Collateral of a Guarantor which is released
from its obligations under the Loan Documents pursuant to clause (iii) below); <U>provided</U>, however, any sale, transfer or
other Disposition (whether voluntary or involuntary) of all or substantially all of the Collateral or all or substantially all
of the value of the Guarantees under the Guarantee Agreement or the HK Guarantee Agreement shall be subject to <U>Section&nbsp;10.2(b)</U>,
(C) that constitutes Intellectual Property, upon the occurrence of the Permanent Borrowing Base Trigger, provided no Event of Default
has occurred and is continuing or would result therefrom, (D) subject to <U>Section&nbsp;10.2</U>, if approved, authorized or ratified
in writing by the Required Lenders, or (E) to the extent provided in the Collateral Documents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to subordinate any Lien on (A) any property granted to or held by the Administrative Agent under any Loan Document to the
holder of any Lien on such property that is permitted by <U>Section&nbsp;7.2(d)</U> and (B) any Foreign Receivables and/or Foreign
Inventory (and related rights, assets and/or Equity Interests) granted to or held by the Administrative Agent under any Loan Document
to the holder of any Lien on such property that is permitted by <U>Section&nbsp;7.2(k)</U>; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>to release any Borrower or Guarantor from its obligations under the Loan Documents if such Person ceases to be a Subsidiary
as a result of a transaction permitted under the Loan Documents or otherwise is no longer required to be a Borrower or Guarantor
pursuant to the terms of the Loan Documents (including as the result of becoming an Excluded Subsidiary), <U>provided</U>, <U>however</U>,
that the release of all or substantially all of the Collateral or all or substantially all of the value of the Guarantees under
the Guarantee Agreement or the HK Guarantee Agreement shall be subject to <U>Section&nbsp;10.2(b)</U>.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 6pt; text-align: justify">Upon request by the Administrative Agent
at any time, the Required Lenders will confirm in writing the Administrative Agent&rsquo;s authority to release or subordinate
its interest in particular types or items of property, or to release any Guarantor from its obligations under the Loan Documents
pursuant to this <U>Section&nbsp;9.10</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or
warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative
Agent&rsquo;s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative
Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Compliance with Flood Insurance Laws</U></FONT>. The Administrative Agent has adopted internal policies and procedures that
address requirements placed on federally regulated lenders under the Flood Insurance Laws and will post on the applicable electronic
platform (or otherwise distribute to each Lender documents that it receives in connection with the Flood Insurance Laws (collectively,
the &ldquo;<U>Flood Documents</U>&rdquo;); <U>provided</U>, however that the Administrative Agent makes no representation or warranty
with respect to the adequacy of the Flood Documents or their compliance with the Flood Insurance Laws. Each Lender acknowledges
and agrees that it is individually responsible for its own compliance with the Flood Insurance Laws and that it shall, independently
and without reliance upon Administrative Agent or any other Lender and based on such documents and information as it shall from
time to time deem appropriate, including the Flood Documents posted or distributed by the Administrative Agent, continue to do
its own due diligence to ensure its compliance with the Flood Insurance Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Cash Management Obligations and Swap Agreement Obligations</U></FONT>. Except as otherwise expressly set forth herein or in
the Security Agreement, any other Collateral Document or any other Loan Document, no Person holding Secured Cash Management Obligations
or Secured Swap Agreement Obligations that obtains the benefits of any Guarantee under the Guarantee Agreement or the HK Guarantee
Agreement or any Collateral by virtue of the provisions hereof or of any Loan Document shall have any right to notice of any action
or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral
(including the release or impairment of any Collateral or amendment to any Loan Document (including any Collateral Document) other
than in its capacity as a Lender or Administrative Agent and, in such case, only to the extent expressly provided in the Loan Documents.
Notwithstanding any other provision of this <U>Article&nbsp;9</U> to the contrary, the Administrative Agent shall not be required
to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Cash Management Obligations
or Secured Swap Agreement Obligations except to the extent expressly required hereunder. The Administrative Agent shall not be
required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Cash Management
Obligations and Secured Swap Agreement Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
10<BR>
<BR>
Miscellaneous</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Notices</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notices Generally</U>. Except in the case of notices and other communications expressly permitted to be given by telephone
(and except as provided in paragraph (b) below), all notices and other communications provided for
herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail
or sent by facsimile as follows:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if to any Loan Party, to</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in">Steven Madden, Ltd.<BR>
52-16 Barnett Ave.<BR>
Long Island City, NY 11104<BR>
Attention: Mike Lomenzo<BR>
Email: <U>MikeLomenzo@stevemadden.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in">with copies to (which shall not constitute notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in">Foley &amp; Lardner LLP<BR>
777 East Wisconsin Avenue, Suite 3800<BR>
Milwaukee, WI 53202<BR>
Attention: Patricia J. Lane<BR>
Email: <U>plane@foley.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in">and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in">Foley &amp; Lardner LLP<BR>
500 Woodward Avenue, Suite 2700<BR>
Detroit, MI 48226<BR>
Attention: John A. Simon<BR>
Email: <U>jsimon@foley.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Administrative Agent, each L/C&nbsp;Issuer or the Swingline Lender, to the address, facsimile number, electronic mail
address or telephone number specified for such Person on <U>Schedule&nbsp;10.1</U>; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if to any other Credit Party, the address, facsimile number, electronic mail address or telephone number specified in its
Administrative Questionnaire.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">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 communications
to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Electronic Communications</U>. Notices and other communications hereunder may be delivered or furnished by electronic
communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent,
<U>provided</U> that the foregoing shall not apply to notices to any Credit Party pursuant to <U>Article&nbsp;2</U> if such Credit
Party has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Unless the Administrative Agent otherwise
prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender&rsquo;s receipt
of an acknowledgement of transmission to the intended recipient (such as by the &ldquo;delivery receipt requested&rdquo; function,
return e-mail, confirmation of system-generated posting notices by a Platform or other written acknowledgement) and (ii) notices
or communications posted to a Platform or an Internet or intranet website shall be deemed received upon the deemed receipt by
the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication
is available and identifying the website address therefor; <U>provided</U> that for both clauses (i) and (ii) above, if such notice
or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed
to have been sent at the opening of business on the next Business Day for the recipient.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Change of Address, Etc</U>. Any party hereto may change its address or facsimile number for notices and other communications
hereunder by notice to the other parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Platform</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower agrees that the Administrative Agent may, but shall not be obligated to, make the Communications available
to the L/C&nbsp;Issuers and the other Lenders by posting the Communications on the Platform and that certain of the Lenders (each,
a &ldquo;<U>Public Lender</U>&rdquo;) may have personnel who do not wish to receive material non-public information with respect
to the Loan Parties or their Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment
and other market-related activities with respect to such Persons&rsquo; securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Borrower hereby acknowledges hereby agrees that so long as any Loan Party is the issuer of any outstanding debt or
equity securities that are registered or issued pursuant to a private offering or is actively contemplating issuing any such securities
it will use commercially reasonable efforts to identify that portion of the Communications that may be distributed to the Public
Lenders and that: (A) all such (i) shall be clearly and conspicuously marked &ldquo;PUBLIC&rdquo; which, at a minimum, means that
the word &ldquo;PUBLIC&rdquo; shall appear prominently on the first page thereof; (B) by marking (ii) &ldquo;PUBLIC,&rdquo; the
Borrowers shall be deemed to have authorized the Administrative Agent, the Arrangers and the Lenders to treat such Communications
as not containing any material non-public information (although it may be sensitive and proprietary) with respect to any Loan Party
or its securities for purposes of United States Federal and state securities laws (<U>provided</U>, <U>however</U>, that to the
extent such Communications constitute Information, they shall be treated as set forth in <U>Section&nbsp;10.14</U>); (C) all Communications
marked &ldquo;PUBLIC&rdquo; are permitted to be made available through a portion of the Platform designated &ldquo;Public Side
Information&rdquo;; and (D) the Administrative Agent and the Arrangers shall be entitled to treat any Communications that are not
marked &ldquo;PUBLIC&rdquo; as being suitable only for posting on a portion of the Platform not designated &ldquo;Public Side Information&rdquo;.
The Borrowers acknowledge and agree that the DQ List shall be deemed suitable for posting and may be posted by the Administrative
Agent on the Platform, including the portion of the Platform that is designated for Public Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Platform is provided &ldquo;as is&rdquo; and &ldquo;as available.&rdquo; The Agent Parties (as defined below) do not
warrant the adequacy of the Platform 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 the Platform. 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 the Borrowers or the other Loan Parties, any Lender or any other Person or entity for damages of any kind,
including direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise)
arising out of any Loan Party&rsquo;s or the Administrative Agent&rsquo;s transmission of communications through the Platform.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Waivers; Amendments</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No failure or delay by any Credit Party in exercising any right or power under any Loan Document shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to
enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The
rights and remedies of the Credit Parties under the Loan Documents are cumulative and are not exclusive of any rights or remedies
that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom
shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, 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 and/or the issuance, amendment, extension or renewal of a Letter of Credit shall not be construed as a waiver
of any Default, regardless of whether any Credit Party may have had notice or knowledge of such Default at the time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as expressly provided by <U>Section&nbsp;2.11</U>, <U>Section&nbsp;3.3(b)</U>, or in the other paragraphs of this
<U>Section&nbsp;10.2</U>, neither this Credit Agreement, any other Loan Document (other than the Fee Letters) nor any provision
thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrowers
and the Required Lenders, or by the Borrowers and the Administrative Agent with the consent of the Required Lenders; <U>provided</U>
that no such agreement shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>extend or increase any Commitment of any Lender without the written consent of such Lender or increase the L/C Sublimit
without the consent of the L/C&nbsp;Issuers (it being understood that a waiver of any condition precedent set forth in <U>Article&nbsp;4</U>
or the waiver of any Default and any amendment or waiver with respect to any mandatory prepayment requirement shall not constitute
an extension or increase of any Commitment of any Lender or an increase of the L/C Sublimit);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>reduce the principal amount of any Loan or any reimbursement obligation with respect to a L/C Disbursement, or reduce the
rate of any interest, or reduce any fees or other amounts, payable under the Loan Documents, without the written consent of each
Credit Party directly and adversely affected thereby; <U>provided</U> that only the consent of the Required Lenders shall be necessary
to amend or modify any Financial Covenant, any defined terms used therein or the definition of &ldquo;Default Rate&rdquo; or to
waive any obligation of the Borrowers to pay interest at the Default Rate, in each case, notwithstanding the fact that any such
amendment or modification actually results in reduction in the rate of interest or fees;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>postpone any date scheduled for any payment of principal of, or interest on, any Loan or reimbursement obligation with respect
to any L/C Disbursement, or any fees or other amounts payable hereunder or under any other Loan Document, or reduce the amount
of, waive or excuse any such payment, or postpone the stated termination or expiration of the Revolving Commitments, without the
written consent of each Credit Party directly and adversely affected thereby; <U>provided</U> that the foregoing shall not apply
to any amendment or waiver with respect to any mandatory prepayment requirement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except as provided in <U>Section&nbsp;2.10</U> and subsection (c) below, change any provision hereof in a manner that would
alter the pro rata sharing of payments required by <U>Section&nbsp;2.8(b)</U> or the pro rata reduction of Revolving Commitments
required by <U>Section&nbsp;2.5(c)</U>, without the written consent of each Credit Party directly and adversely affected thereby;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>change any of the provisions of this Section or the definition of the term &ldquo;<U>Required Lenders</U>&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 Credit Party directly and adversely
affected thereby;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>amend, modify or waive any provision of <U>Section&nbsp;2.10</U> without the written consent of each Credit Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>change the currency in which any Commitment or Loan is, or is to be, denominated, Letters of Credit are to be issued or
payment under the Loan Documents is to be made without the written consent of each Credit Party directly affected thereby;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>release any Guarantor from its Guarantee under the Guarantee Agreement or the HK Guarantee Agreement (except as expressly
provided therein or in <U>Section 9.10</U>), or limit its liability in respect of such Guarantee, without the prior written consent
of each Lender;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ix)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>release all or substantially all of the Collateral from the Liens of the Loan Documents (except as expressly provided in
the applicable Collateral Document or in connection with a transaction permitted by <U>Section 7.3</U>), without the written consent
of each Lender; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make any modification to the definition of the terms &ldquo;<U>Borrowing Base</U>&rdquo;, &ldquo;<U>Deemed Borrowing Base</U>&rdquo;,
&ldquo;<U>Permanent Borrowing Base</U>&rdquo; or &ldquo;<U>Permanent Borrowing Base Trigger</U>&rdquo; (or any defined term used
in any of the foregoing definitions) which would have the effect of increasing the availability to the Borrowers under the Revolving
Facility other than changes in Reserves implemented by the Administrative Agent in accordance with the terms of this Credit Agreement,
without the written consent of Supermajority Lenders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><U>provided</U>, <U>further</U>,
that no such amendment, waiver or consent shall amend, modify or otherwise affect the rights or duties hereunder or under any other
Loan Document of (A)&nbsp;the Administrative Agent, unless in writing executed by the Administrative Agent, (B)&nbsp;any L/C Issuer,
unless in writing executed by such L/C Issuer and (C)&nbsp;any Swingline Lender, unless in writing executed by such Swingline Lender,
in each case in addition to the Borrowers and the Lenders required above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything herein to the contrary, no Defaulting Lender shall have any right to approve or disapprove any
amendment, waiver or consent hereunder (and any amendment, waiver or consent that by its terms requires the consent of all the
Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except
that (x)&nbsp;the Commitment of any Defaulting Lender may not be increased or extended, or the maturity of any of its Loan may
not be extended, the rate of interest on any of its Loans may not be reduced and the principal amount of any of its Loans may not
be forgiven, in each case without the consent of such Defaulting Lender and (y)&nbsp;any amendment, waiver or consent requiring
the consent of all the Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than the
other affected Lenders shall require the consent of such Defaulting Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In addition, notwithstanding anything in this Section to the contrary, if the Administrative Agent and Lead Borrower shall
have jointly identified an obvious error or any error or omission of a technical nature, in each case, in any provision of the
Loan Documents, then the Administrative Agent and Lead Borrower shall be permitted to amend such provision, and, in each case,
such amendment shall become effective without any further action or consent of any other party to any Loan Document if the same
is not objected to in writing by the Required Lenders to the Administrative Agent within five Business Days following receipt
of notice thereof.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In addition, notwithstanding anything in this Section to the contrary, pursuant to one or more written offers (each, an
&ldquo;<U>Extension Offer</U>&rdquo;) made from time to time by Lead Borrower to all Revolving Lenders (other than Defaulting Lenders)
having Revolving Commitments with a like commitment termination date, in each case on a pro rata basis (based on the amounts of
such Revolving Commitments) and on the same terms to each such Revolving Lender, the Borrowers may consummate transactions with
Revolving Lenders that accept the terms contained in such Extension Offer to extend the commitment termination date of such Revolving
Lenders&rsquo; Revolving Commitments and, subject to the terms hereof, otherwise modify the terms of such Revolving Commitments
pursuant to the terms of the relevant Extension Offer (including by increasing the interest rate or fees payable in respect of
such Revolving Commitments and related outstandings) (each, an &ldquo;<U>Extension</U>&rdquo;, and each group of Revolving Commitments
(as so extended), as well as the original Revolving Commitments (not so extended), being a separate class), so long as the following
terms are satisfied:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>no Event of Default shall have occurred and be continuing at the time the applicable Extension Offer is delivered to the
applicable Revolving Lenders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>each Extension Offer shall be made at least 90 days before the commitment termination date of the Revolving Commitments
to be extended;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the commitment termination date of the Revolving Commitments to be extended shall not be extended to a date that is more
than five years after the date of effectiveness of the applicable Extension;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except as to interest rates, fees and final commitment termination date (which shall be determined by the Borrowers and
the Extended Revolving Lenders), the Revolving Commitment of any Revolving Lender that agrees to an Extension with respect to its
Revolving Commitment (an &ldquo;<U>Extended Revolving Lender</U>&rdquo;) extended pursuant to an Extension (an &ldquo;<U>Extended
Revolving Commitment</U>&rdquo;, and the Revolving Loans thereunder, &ldquo;<U>Extended Revolving Loans</U>&rdquo;) and the related
outstandings shall be a Revolving Commitment (or related outstandings, as the case may be) with the same terms as the original
Revolving Commitments (and related outstandings); <U>provided</U> that (A) the borrowing and payments (except for (1) payments
of interest or fees at different rates on Extended Revolving Commitments (and related outstandings), (2) repayments required upon
the commitment termination date of the non-extended class of Revolving Commitments and (3) repayment made in connection with a
permanent repayment and termination of commitments) of Revolving Loans with respect to Extended Revolving Commitments after the
applicable Extension date shall be made on a pro rata basis with all other Revolving Commitments, (B) all Swingline Loans and Letters
of Credit shall be participated on a pro rata basis by all Lenders with Revolving Commitments (including Extended Revolving Commitments)
in accordance with their Applicable Percentage of the total Revolving Commitments, (C) assignments and participations of Extended
Revolving Commitments and related Revolving Loans shall be governed by the same assignment and participation provisions applicable
to the other classes of Revolving Commitments and Revolving Loans, (D) at no time shall there be more than two separate classes
of Revolving Commitments under this Credit Agreement, and (E) the Extension may provide for other covenants and terms (1) that
apply to any period after the commitment termination date of the then outstanding Revolving Commitments or (2) added
to this Credit Agreement for the benefit of the existing Revolving Commitments;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if the aggregate amount of Revolving Commitments in respect of which Revolving Lenders have accepted the relevant Extension
Offer exceeds the maximum aggregate amount of Revolving Commitments offered to be extended by the Borrowers pursuant to such Extension
Offer, then the Revolving Commitments of such Revolving Lenders shall be extended ratably up to such maximum amount based on the
respective commitment amounts with respect to which such Revolving Lenders have accepted such Extension Offer; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the aggregate amount of Extended Revolving Commitments for each Extension (including after giving effect to any replacement
of a Non-Extending Lender pursuant to <U>Section 3.7(b)</U>) shall be greater than 50% of the aggregate amount of all Revolving
Commitments (excluding the Revolving Commitments of any Defaulting Lenders) at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">The Credit Parties
hereby consent to the transactions contemplated by this <U>Section 10.2(e)</U> (including, for the avoidance of doubt, payment
of any interest or fees in respect of any Extended Revolving Commitments on the such terms as may be set forth in the relevant
Extension Offer) and hereby waive the requirements of any provision of this Credit Agreement or any other Loan Document that may
otherwise prohibit or conflict with any such Extension or any other transaction contemplated by this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">No consent of any
Credit Party shall be required to effectuate any Extension, other than (x) the consent of each Revolving Lender agreeing to such
Extension with respect to its Revolving Commitment (or a portion thereof) and (y) the consent of each L/C Issuer and the Swingline
Lender. Any Revolving Lender that does not respond to an Extension Offer by the applicable due date shall be deemed to have rejected
such Extension Offer. No Credit Party shall be required to consent to any Extension, and the consent by any Credit Party to any
Extension shall not constitute consent of any other Credit Party thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">All Extended Revolving Commitments and
all obligations in respect thereof shall be Loan Document Obligations and secured by the Collateral on a pari passu basis with
all other Loan Document Obligations. The Credit Parties hereby irrevocably authorize the Administrative Agent to enter into amendments
to this Credit Agreement and the other Loan Documents with the applicable Loan Parties as may be necessary in order to establish
new classes or sub-classes in respect of Revolving Commitments so extended and such technical amendments as may be necessary in
the reasonable opinion of the Administrative Agent and Lead Borrower in connection with the establishment of such new classes or
sub-classes, in each case on terms consistent with this <U>Section 10.2(e)</U>. In addition, if so provided in such amendment and
with the consent of each L/C Issuer, participations in Letters of Credit expiring on or after the applicable commitment termination
date shall be re-allocated from Revolving Lenders holding non-extended Revolving Commitments to Revolving Lenders holding Extended
Revolving Commitments in accordance with the terms of such amendment; <U>provided</U>, <U>however</U>, that such participation
interests shall, upon receipt thereof by the relevant Revolving Lenders holding Revolving Commitments, be deemed to be participation
interests in respect of such Revolving Commitments and the terms of such participation interests shall be adjusted accordingly.
The Administrative Agent shall promptly notify each other Credit Party of the effectiveness of each such amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">In connection with any Extension, Lead
Borrower shall provide the Administrative Agent at least five Business Days&rsquo; (or such shorter period as may be agreed by
the Administrative Agent) prior written notice thereof, and shall agree to such procedures (including regarding timing, rounding
and other adjustments and to ensure reasonable administrative management of the credit facilities hereunder after such Extension),
if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the
purposes of this <U>Section 10.2(e)</U>. Lead Borrower shall have the right, but shall not be obligated, on or before the applicable
Termination Date for any Non-Extending Lender to replace such Non-Extending Lender with, and add as &ldquo;Lenders&rdquo; under
this Credit Agreement in place thereof, one or more financial institutions (which, for the avoidance of doubt, may be existing
Lenders) (each, an &ldquo;<U>Additional Commitment Lender</U>&rdquo;), reasonably acceptable to the Swingline Lender, the L/C
Issuers and the Administrative Agent, in accordance with the procedures provided in <U>Section 3.7(b)</U>, each of which Additional
Commitment Lenders shall have entered into an Assignment and Assumption (in accordance with and subject to the restrictions contained
in <U>Section 10.4</U>, with Lead Borrower or the replacement Lender obligated to pay any applicable processing or recordation
fee) with such Non-Extending Lender, pursuant to which such Additional Commitment Lenders shall, effective on or before the applicable
Termination Date for such Non-Extending Lender, assume a Revolving Commitment (and, if any such Additional Commitment Lender is
already a Lender, its Revolving Commitment shall be in addition to such Lender&rsquo;s Revolving Commitment hereunder on such
date).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding the foregoing, as to any amendment, amendment and restatement or other modification otherwise approved in
accordance with this Section, it shall not be necessary to obtain the consent or approval of any Lender that, upon giving effect
to such amendment, amendment and restatement or other modification, would have no Commitment or outstanding Loans, so long as such
Lender receives payment in full of the principal of and interest on each Loan made by, and all other amounts owing to, such Lender
or accrued for the account of such Lender under this Credit Agreement and the other Loan Documents at the time such amendment,
amendment and restatement or other modification becomes effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Expenses; Indemnity; Damage Waiver</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Costs and Expenses</U>. The Loan Parties, jointly and severally, shall pay (i) all reasonable, documented and invoiced
out-of-pocket costs and expenses incurred by the Administrative Agent, the Arrangers and their respective Affiliates (including
the reasonable, documented and invoiced fees, disbursements and other charges of one primary counsel and one additional local counsel
in each applicable jurisdiction for the Administrative Agent and, to the extent such fees, disbursements and other charges are
incurred on or prior to the Closing Date, separate primary counsel to each of the Arrangers), in connection with the syndication
of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Credit
Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether
or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket
costs and expenses incurred by each L/C&nbsp;Issuer in connection with the issuance, amendment, renewal or extension of any Letter
of Credit or any demand for payment thereunder and (iii) all reasonable and documented out-of-pocket expenses incurred by the Administrative
Agent or any other Credit Party (including the reasonable fees, disbursements and other charges of one primary counsel and one
additional local counsel in each applicable jurisdiction for the Administrative Agent, one additional counsel for all the Credit
Parties other than the Administrative Agent and additional counsel to the extent reasonably determined by any Credit Party to avoid
any actual or potential conflicts of interest or the availability of different claims or defenses) in connection with the enforcement
or protection of its rights (whether through negotiations, legal proceedings or otherwise) (A) in connection with this Credit Agreement
and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit
issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect
of such Loans or Letters of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification by Loan Parties</U>. The Loan Parties, jointly and severally, shall indemnify the Arrangers, the Administrative
Agent (and any sub-agent thereof), each other Credit Party, 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 losses, claims,
damages, liabilities and related expenses (including the reasonable fees, disbursements and other charges of one primary counsel
and one additional local counsel in each applicable jurisdiction for the Administrative Agent and its Related Parties, one additional
counsel for all other Indemnitees and additional counsel to the extent reasonably determined by any Indemnitee to avoid any actual
or potential conflicts of interest or the availability of different claims or defenses), incurred by any Indemnitee or asserted
against any Indemnitee by any third party or by any Loan Party arising out of, in connection with, or as a result of (i) the Credit
Facility, including the execution or delivery of this Credit Agreement, any other Loan Document or any agreement or instrument
contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder
or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed
use of the proceeds therefrom (including any refusal by the applicable L/C&nbsp;Issuer to honor a demand for payment under a Letter
of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit),
(iii) any actual or alleged presence or Release of Hazardous Materials at, on, under or from any property owned or operated by
any Loan Party or any of its Subsidiaries, or any Environmental Claim or Environmental Liability related in any way to any Loan
Party or any of its Subsidiaries, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any
of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Loan Party,
and regardless of whether any Indemnitee is a party thereto or (v) any government investigation, audit, hearing or enforcement
action resulting from any Loan Party&rsquo;s or any of its Affiliate&rsquo;s noncompliance (or purported noncompliance) with any
applicable Sanctions, other Anti-Terrorism Laws or Anti-Corruption Laws (it being understood and agreed that the Indemnitees shall
be entitled to indemnification pursuant to this clause (including indemnification for fines, penalties and other expenses) regardless
of whether any adverse finding is made against any Loan Party or any of its Affiliates), <U>provided</U> that such indemnity shall
not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined
by a court of competent jurisdiction by final and non-appealable judgment to have resulted from (x) the bad faith, gross negligence
or willful misconduct of such Indemnitee or any of its Related Parties, (y) such Indemnitee&rsquo;s or any of its Related Parties&rsquo;
material breach of the relevant Loan Documents (as determined pursuant to a claim asserted by Lead Borrower, whether as a claim,
counterclaim or otherwise), or (z) disputes among Lenders not arising from an act or omission of any Loan Party or any of its
Affiliates (other than a dispute involving a claim against an Indemnitee for its acts or omissions in its capacity as an Arranger
or the Administrative Agent, except, with respect to this clause (z), to the extent such acts or omissions are determined by a
court of competent jurisdiction by a final and non-appealable judgment to have constituted the bad faith, gross negligence or
willful misconduct of such Indemnitee in such capacity). To the extent that the indemnity set forth above in this paragraph shall
be held to be unenforceable in whole or in part because it is violative of any law or public policy, the Borrowers shall contribute
the maximum portion that they are permitted to pay and satisfy under applicable law to the payment and satisfaction of all indemnified
amounts incurred by Indemnitees or any of them.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Reimbursement by Lenders</U>. To the extent that the Borrowers for any reason fail to indefeasibly pay any amount required
under paragraph (a) or (b) of this Section to be paid by them to the Administrative Agent (or any sub-agent thereof), any L/C&nbsp;Issuer,
the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent
(or any such sub-agent), such L/C&nbsp;Issuer, the Swingline Lender or such Related Party, as the case may be, such Lender&rsquo;s
pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each
Lender&rsquo;s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect
of a claim asserted by such Lender); <U>provided</U>, that the unreimbursed expense or indemnified loss, claim, damage, liability
or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent),
such L/C&nbsp;Issuer or the Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing acting
for the Administrative Agent (or any such sub-agent), such L/C&nbsp;Issuer or the Swingline Lender in connection with such capacity.
The obligations of the Lenders under this paragraph (c) are subject to the provisions of <U>Section&nbsp;2.8(d)</U>.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Waiver of Consequential Damages, Etc.</U> To the fullest extent permitted by applicable law, no party hereto (and no
Indemnitee or any Subsidiary or Affiliate of Lead Borrower) shall be responsible to any other party hereto (or any Indemnitee or
any Subsidiary or Affiliate of Lead Borrower) for any 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 Credit Agreement, any other Loan Document or any
agreement or instrument contemplated hereby or thereby, the transactions contemplated hereby or thereby, any Loan or Letter of
Credit or the use of the proceeds thereof (other than, in the case of any Loan Party, in respect of any such damages incurred or
paid by an Indemnitee to a third party for which such Indemnitee is otherwise entitled to indemnification pursuant to this <U>Section
10.5</U>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payments</U>. All amounts due under this Section shall be payable promptly and in no event later than ten days after
demand therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Successors and Assigns</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Successors and Assigns Generally</U>. The provisions of this Credit Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns permitted hereby, except that no Loan Party may assign
or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent
and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee
in accordance with the provisions of paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions
of paragraph (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of
paragraph (e) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing
in this Credit Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby, Participants to the extent provided in paragraph (d) of this Section and, to
the extent expressly contemplated hereby, the Related Parties of each of Credit Party) any legal or equitable right, remedy or
claim under or by reason of this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Assignments by Lenders</U>. Any Lender may at any time assign to one or more assignees all or a portion of its rights
and obligations under this Credit Agreement (including all or a portion of its Commitments and the Loans at the time owing to it);
<U>provided</U> that any such assignment shall be subject to the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Minimum Amounts</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(A)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>in the case of an assignment of the entire remaining amount of the assigning Lender&rsquo;s Commitment and/or the Loans
at the time owing to it (in each case with respect to any Credit Facility) or contemporaneous assignments to related Approved Funds
(determined after giving effect to such assignments) that equal at least the amount specified in paragraph (b)(i)(B) of this Section
in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need
be assigned; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(B)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>in any case not described in paragraph (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this
purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding
balance of the Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent or, if &ldquo;Trade Date&rdquo; is specified in the Assignment
and Assumption, as of the Trade Date) shall not be less than $5,000,000, unless each of the Administrative Agent and, so long
as no Event of Default under any of <U>Sections&nbsp;8.1(a)</U>, <U>8.1(b)</U>, <U>8.1(d)</U> (with respect only to any of the
covenants set forth in <U>Section 7.12</U>), <U>8.1(h)</U>, <U>8.1(i)</U> or <U>8.1(j)</U> has occurred and is continuing, Lead
Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed).</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Proportionate Amounts</U>. 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 Credit Agreement with respect to the Loan or the Commitment assigned,
except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among
separate Tranches on a non-pro rata basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Required Consents</U>. No consent shall be required for any assignment except to the extent required by paragraph (b)(i)(B)
of this Section and, in addition:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(A)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the consent of Lead Borrower (such consent not to be unreasonably withheld or delayed; provided, for the avoidance of doubt
and without limiting any other factors that may be reasonable, it shall be reasonable for Lead Borrower to consider a proposed
assignee&rsquo;s right to require reimbursement for increased costs when determining whether to consent to such assignment) shall
be required unless (x) an Event of Default under any of <U>Sections&nbsp;8.1(a)</U>, <U>8.1(b)</U>, <U>8.1(d)</U> (with respect
only to any of the covenants set forth in <U>Section 7.12</U>), <U>8.1(h)</U>, <U>8.1(i)</U> or <U>8.1(j)</U> has occurred and
is continuing at the time of such assignment or (y) such assignment is to a Lender (other than a Defaulting Lender), an Affiliate
of a Lender (other than a Defaulting Lender) or an Approved Fund (it being understood that, in the event of any assignment made
without Lead Borrower&rsquo;s consent, the assigning Lender shall provide written notice thereof to Lead Borrower prior to, or
promptly after, such assignment), <U>provided</U> that Lead Borrower shall be deemed to have consented to any such assignment unless
it shall object thereto by written notice to the Administrative Agent within seven Business Days after having received written
notice thereof; and <U>provided</U>, <U>further</U>, that Lead Borrower&rsquo;s consent shall not be required during the primary
syndication of the Credit Facility;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(B)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for
assignments to a Person who is not a Lender, an Affiliate of a Lender or an Approved Fund; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 1in">(C)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the consent of the L/C&nbsp;Issuers and the Swingline Lender shall be required for any assignment in respect of the Revolving
Facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Assignment and Assumption</U>. 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, and the assignee, if it is not a Lender, shall
deliver to the Administrative Agent an Administrative Questionnaire. In addition, each assignee shall, on or before the effective
date of such assignment, deliver to Lead Borrower and the Administrative Agent certification as to exemption from deduction or
withholding of any United States Taxes in accordance with <U>Section&nbsp;3.6(g)</U>.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <U>No Assignment to Certain Persons</U>. No such assignment shall be made to (A) any Borrower or its Subsidiaries or other
Affiliates, (B) any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute
a Defaulting Lender or a Subsidiary thereof or (C) a Person who, at the time of such assignment, is a Sanctioned Person if such
assignment would violate applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Assignment to Natural Persons</U>. No such assignment shall be made to a natural person (or a holding company, investment
vehicle or trust for, or owned and operated for the primary benefit of, a natural person).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certain Additional Payments</U>. In connection with any assignment of rights and obligations of any Defaulting Lender
hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein,
the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient,
upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations,
or other compensating actions, including funding, with the prior written consent of Lead Borrower and the Administrative Agent,
the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable
assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting
Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate)
its full pro rata share of all Loans and participations in Letters of Credit in accordance with its Applicable Percentage. Notwithstanding
the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective
under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed
to be a Defaulting Lender for all purposes of this Credit Agreement until such compliance occurs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Subject to acceptance and recording thereof
by the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment
and Assumption, the assignee thereunder shall be a party to this Credit Agreement and, to the extent of the interest assigned by
such Assignment and Assumption, have the rights and obligations of a Lender under this Credit Agreement, and the assigning Lender
thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under
this Credit Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender&rsquo;s rights and
obligations under this Credit Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the
benefits of <U>Section&nbsp;3.5</U> and <U>Section&nbsp;10.3</U> with respect to facts and circumstances occurring prior to the
effective date of such assignment. Any assignment or transfer by a Lender of rights or obligations under this Credit Agreement
that does not comply with this paragraph shall be treated for purposes of this Credit Agreement as a sale by such Lender of a participation
in such rights and obligations in accordance with paragraph (d) of this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Register</U>. The Administrative Agent, acting solely for this purpose as an agent of the Borrowers, shall maintain 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 Commitments of, and principal amounts of the Loans 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 the Borrowers,
the Administrative Agent 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 Credit Agreement. The Register shall be available for inspection by any Borrower
and any Lender, at any reasonable time and from time to time upon reasonable prior notice.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <U>Participations</U>. Any Lender may at any time, without the consent of, or notice to, any Borrower or the Administrative
Agent, sell participations to any Person (other than (w) a natural person (or a holding company, investment vehicle or trust for,
or owned and operated for the primary benefit of, a natural person), (x) any Borrower or its Subsidiaries or other Affiliates,
(y) any Defaulting Lender or any of its subsidiaries or (z) a Person who, at the time of such participation, is a Sanctioned Person
if the sale of such participation would violate applicable law) (each, a &ldquo;<U>Participant</U>&rdquo;) in all or a portion
of such Lender&rsquo;s rights and/or obligations under this Credit Agreement (including all or a portion of its Revolving Commitment
and/or the Loans owing to it); <U>provided</U> that (i) such Lender&rsquo;s obligations under this Credit Agreement shall remain
unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations
and (iii) the Borrowers, the Administrative Agent and each Credit Party shall continue to deal solely and directly with such Lender
in connection with such Lender&rsquo;s rights and obligations under this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">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 Credit
Agreement and to approve any amendment, modification or waiver of any provision of this Credit 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 <U>Section&nbsp;10.2(b)</U> that affects such Participant. The Borrowers agree that each Participant
shall be entitled to the benefits of <U>Sections&nbsp;3.4</U>, <U>3.5</U> and <U>3.6</U> (subject to the requirements and limitations
therein, including the requirements under <U>Section&nbsp;3.6</U> (it being understood that the documentation required under <U>Section&nbsp;3.6(g)</U>
shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to paragraph (b) of this Section; <U>provided</U> that such Participant (A) agrees to be subject to the provisions of
<U>Sections&nbsp;3.7</U> as if it were an assignee under paragraph (b) of this Section; and (B) shall not be entitled to receive
any greater payment under <U>Sections&nbsp;3.5</U> or <U>3.6</U>, with respect to any participation, than its participating Lender
would have been entitled to receive. Each Lender that sells a participation agrees, at Lead Borrower&rsquo;s request and expense,
to use reasonable efforts to cooperate with Lead Borrower to effectuate the provisions of <U>Section&nbsp;3.7(b)</U> with respect
to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of <U>Section&nbsp;10.8</U>
as though it were a Lender; <U>provided</U> that such Participant agrees to be subject to <U>Section&nbsp;2.8(h)</U> as though
it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the
Borrowers, 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 the Loan Documents (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 (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) to any Person except to the extent that such disclosure
is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section&nbsp;5f.103-1(c)
of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and
such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all
purposes of this Credit Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent
(in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certain Pledges</U>. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights
under this Credit Agreement and the Loan Documents to secure obligations of such Lender, including any pledge or assignment to
secure obligations to a Federal Reserve Bank; <U>provided</U> that no such pledge or assignment shall release such Lender from
any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Disqualified Institutions</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> No assignment or participation shall be made to any Person that was a Disqualified Institution as of the date (the &ldquo;<U>Trade
Date</U>&rdquo;) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights
and obligations under this Credit Agreement to such Person (unless Lead Borrower has consented to such assignment in writing in
its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose of
such assignment or participation). For the avoidance of doubt, with respect to any assignee that becomes a Disqualified Institution
after the applicable Trade Date (including as a result of the delivery of a notice pursuant to, and/or the expiration of the notice
period referred to in, the definition of &ldquo;Disqualified Institution&rdquo;), such assignee shall not retroactively be disqualified
from becoming a Lender. Any assignment in violation of this subsection (f)(i) shall not be void, but the other provisions of this
subsection (f) shall apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If any assignment or participation is made to any Disqualified Institution without Lead Borrower&rsquo;s prior written consent
in violation of clause (i) above, Lead Borrower may, at its sole expense and effort, upon notice to the applicable Disqualified
Institution and the Administrative Agent, (A) terminate any Revolving Commitment of such Disqualified Institution and repay all
obligations of the Borrowers owing to such Disqualified Institution in connection with such Revolving Commitment and/or (B) require
such Disqualified Institution to assign, without recourse (in accordance with and subject to the restrictions contained in this
<U>Section 10.4</U>), all of its interest, rights and obligations under this Credit Agreement to one or more Eligible Assignees
at the lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Institution paid to acquire such interests,
rights and obligations, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable
to it hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary contained in this Credit Agreement, any Person that was a Disqualified Institution
as of the applicable Trade Date (A) will not (x) have the right to receive information, reports or other materials provided to
Lenders by the Borrowers, the Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders
and the Administrative Agent, or (z) access any electronic site established for the Lenders or confidential communications from
counsel to or financial advisors of the Administrative Agent or the Lenders and (B) (x) for purposes of any consent to any amendment,
waiver or modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender
to undertake any action (or refrain from taking any action) under this Credit Agreement or any other Loan Document, will be deemed
to have consented in the same proportion as the Lenders that are not Disqualified Institutions consented to such matter, and (y)
for purposes of voting on any plan of reorganization or plan of liquidation pursuant to any Debtor Relief Laws (a &ldquo;<U>Plan</U>&rdquo;),
hereby agrees (1) not to vote on such Plan, (2) if such Disqualified Institution does vote on such Plan notwithstanding the restriction
in the foregoing clause (1), such vote will be deemed not to be in good faith and shall be &ldquo;designated&rdquo; pursuant to
Section 1126(e) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws), and such vote shall not be counted
in determining whether the applicable class has accepted or rejected such Plan in accordance with Section 1126(c) of the Bankruptcy
Code (or any similar provision in any other Debtor Relief Laws) and (3) not to contest any request by any party for a determination
by the Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent shall, and the Borrowers hereby expressly authorize the Administrative Agent to, post the list
of Disqualified Institutions provided by Lead Borrower and any updates thereto from time to time (collectively, the &ldquo;<U>DQ
List</U>&rdquo;) on the Platform, including that portion of the Platform that is designated for Public Lenders, and/or provide
the DQ List to each Lender requesting the same within three (3) Business Days after receipt thereof.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Cashless Settlement</U>. Notwithstanding anything to the contrary contained in this Credit Agreement, any Lender may
exchange, continue or rollover all or a portion of its Loans in connection with any refinancing, extension, loan modification or
similar transaction permitted by the terms of this Credit Agreement, pursuant to a cashless settlement mechanism approved by Lead
Borrower, the Administrative Agent and such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Survival</U></FONT>. All covenants, agreements, representations and warranties made by the Borrowers herein and in the certificates
or other instruments prepared or delivered in connection with or pursuant to this Credit Agreement or any other Loan Document shall
be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of any Loan Document
and the making of any Loans and the issuance of any Letter of Credit, regardless of any investigation made by any such other party
or on its behalf and notwithstanding that any Credit Party may have had notice or knowledge of any Default or incorrect representation
or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal
of or any accrued interest on any Loan or any L/C Obligation or any fee or any other amount payable under the Loan Documents is
outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The
provisions of <U>Sections&nbsp;3.4</U>, <U>3.5</U>, <U>3.6</U>, <U>10.3</U>, <U>10.9</U>, and <U>10.10</U> and <U>Article&nbsp;9</U>
shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby or the
Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Counterparts; Integration; Effectiveness; Electronic Execution</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Counterparts; Integration; Effectiveness</U>. This Credit Agreement may be executed in counterparts (and by different
parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall
constitute a single contract. This Credit Agreement and the other Loan Documents, 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 <U>Section&nbsp;4.1</U>, this Credit Agreement shall become effective when it shall have been executed by the Administrative
Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures
of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Credit Agreement by facsimile
or in electronic format (<U>e.g.</U>, &ldquo;pdf&rdquo; or &ldquo;tif&rdquo; or any other electronic means that reproduces an image
of the actual executed signature page) shall be effective as delivery of a manually executed counterpart of this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Electronic Execution of Credit Agreement and Related Documents</U>. The words &ldquo;execution,&rdquo; &ldquo;signed,&rdquo;
&ldquo;signature,&rdquo; &ldquo;delivery,&rdquo; and words of like import in or relating to any document to be signed in connection
with this Credit Agreement and the transactions contemplated hereby shall be deemed to include electronic signatures, the electronic
association of signatures and records on electronic platforms, and deliveries or the keeping of records in electronic form, each
of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof
or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law,
including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and
Records Act, any other similar state laws based on the Uniform Electronic Transactions Act, or the Uniform Commercial Code, each
as amended, and the parties hereto hereby waive any objection to the contrary; <U>provided</U> that (x) nothing herein shall require
the Administrative Agent to accept electronic signature counterparts to any Loan Document in any form or format and (y) the Administrative
Agent reserves the right to require, at any time and at its sole discretion, the delivery of manually executed counterpart signature
pages to this Credit Agreement or any other Loan Document, and the parties hereto agree to promptly deliver such manually executed
counterpart signature pages<FONT STYLE="font-size: 10pt">.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Severability</U></FONT>. In the event any one or more of the provisions contained in this Credit Agreement should be held invalid,
illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein
shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular
jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor
in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect
of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Setoff</U></FONT>. If an Event of Default shall have occurred and be continuing, each Credit Party and each of their respective
Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off
and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency, but excluding deposits
held in a trustee, fiduciary, agency or similar capacity for the benefit of an unaffiliated third party) at any time held and other
obligations (in whatever currency) at any time owing by Credit Party or any such Affiliate to or for the credit or the account
of any Loan Party or any of its Subsidiaries against any and all of the obligations of such Loan Party or such Subsidiary now or
hereafter existing under this Credit Agreement or any other Loan Document to such Credit Party or Affiliate, irrespective of whether
or not such Credit Party shall have made any demand under this Credit Agreement or any other Loan Document and although such obligations
of such Loan Party or Subsidiary may be contingent or unmatured or are owed to a branch or office of such Credit Party different
from the branch or office holding such deposit or obligated on such indebtedness, <U>provided</U>, that in the event that any Defaulting
Lender shall exercise any right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent
for further application in accordance with the provisions of <U>Section&nbsp;2.9</U> and, pending such payment, shall be segregated
by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders,
and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the
Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Credit Party
and its Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such
Credit Party and its Affiliates may have. Each Credit Party agrees to notify Lead Borrower and the Administrative Agent promptly
after any such setoff and application, <U>provided</U> that the failure to give such notice shall not affect the validity of such
setoff and application.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Governing Law; Jurisdiction; Consent to Service of Process</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Governing Law</U>. This Credit Agreement shall be governed by, and construed in accordance with, the laws of the State
of New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Submission to Jurisdiction</U>. Each of the parties hereto irrevocably and unconditionally submits, for itself and its
property, to the exclusive jurisdiction of the courts of the State of New York sitting in New York County and of the United States
District Court of the for the Southern District of New York and any appellate court from any thereof, in any action or proceeding
arising out of or relating to this Credit Agreement or any other Loan Document (other than any Loan Document governed by Hong
Kong law), or for recognition or enforcement of any judgment, and each of the parties hereto irrevocably and unconditionally agrees
that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the
fullest extent permitted by applicable law, in such Federal court. Each of the parties hereto agrees that a final judgment in
any such action 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 Credit Agreement or in any other Loan Document shall affect any right that any Credit
Party may otherwise have to bring any action or proceeding relating to this Credit Agreement or any other Loan Document against
any Borrower or any other Loan Party or its properties in the courts of any jurisdiction.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Waiver of Objection to Venue</U>. Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent
permitted by applicable law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding
arising out of or relating to this Credit Agreement or any other Loan Document (other than any Loan Document governed by Hong Kong
law) in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest
extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any
such court.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Service of Process</U>. Each of the parties hereto irrevocably consents to service of process in the manner provided
for notices in <U>Section&nbsp;10.1</U>. Nothing in this Credit Agreement will affect the right of any party to this Credit Agreement
to serve process in any other manner permitted by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>WAIVER OF JURY TRIAL</U></FONT>. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS
CREDIT AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT
OR ANY OTHER THEORY). EACH PARTY HERETO HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS CREDIT AGREEMENT AND THE
OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Payments Set Aside</U></FONT>. To the extent that any payment by or on behalf of the Borrowers is made to the Administrative
Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds
of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required
(including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to
a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or Fraudulent Transfer Law,
then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and
continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally
agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by the Administrative
Agent, <U>plus</U> interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to
the Federal Funds Effective Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Headings</U></FONT>. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Credit Agreement and shall not affect the construction of, or be taken into consideration in interpreting,
this Credit Agreement.</P>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify; text-indent: 0.5in">Section 10.13<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Interest Rate Limitation</U>. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable
to any Loan or L/C Obligation, together with all fees, charges and other amounts that are treated as interest thereon under applicable
law (collectively the &ldquo;<U>charges</U>&rdquo;), shall exceed the maximum lawful rate (the &ldquo;<U>maximum rate</U>&rdquo;)
that may be contracted for, charged, taken, received or reserved by the Lender holding an interest in such Loan or L/C Obligation
in accordance with applicable law, the rate of interest payable in respect of such Loan or L/C Obligation hereunder, together
with all of the charges payable in respect thereof, shall be limited to the maximum rate and, to the extent lawful, the interest
and the charges that would have been payable in respect of such Loan or L/C Obligation but were not payable as a result of the
operation of this Section shall be cumulated, and the interest and the charges payable to such Lender in respect of other Loans
or L/C Obligations or periods shall be increased (but not above the maximum rate therefor) until such cumulated amount, together
with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.14<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Confidentiality; Treatment of Certain Information</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Credit Party agrees to maintain the confidentiality of the Information (as defined below), except that Information
may be disclosed (i) to its Affiliates and to its and its Affiliates&rsquo; respective partners, directors, officers, employees,
agents, advisors and other representatives (it being understood that the Persons to whom such disclosure is made will be informed
of the confidential nature of such Information and instructed to keep such Information confidential), (ii) to the extent requested
by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (iii) to the extent required by applicable laws or regulations or by any subpoena or similar
legal process, (iv) to any other party hereto, (v) in connection with the exercise of any remedies hereunder or under any other
Loan Document or any action or proceeding relating to this Credit Agreement or any other Loan Document or the enforcement of rights
hereunder or thereunder, (vi) subject to an agreement containing provisions substantially the same as those of this Section, to
(A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under
this Credit Agreement or (B) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction
under which payments are to be made by reference to any Borrower and its obligations, this Credit Agreement or payments hereunder,
(vii) on a confidential basis to (A) any rating agency in connection with rating the Borrowers, their Subsidiaries or the Credit
Facility or (B) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers
with respect to the Credit Facility, (viii) with the consent of Lead Borrower or (ix) to the extent such Information (A) becomes
publicly available other than as a result of a breach of this Section or (B) becomes available to the Administrative Agent, any
Credit Party or any of their respective Affiliates on a non-confidential basis from a source other than the Borrowers or (C) is
independently generated by the Administrative Agent, any Credit Party or any of their respective Affiliates. In addition, the Administrative
Agent and the Lenders may disclose the existence of this Credit Agreement and information about this Credit Agreement to (i) market
data collectors, league table providers and other similar service providers to the lending industry and (ii) service providers
to the Administrative Agent or any Lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For purposes of this Section, &ldquo;<U>Information</U>&rdquo; means all information received from any Loan Party or any
of its Subsidiaries relating to any Loan Party or any of its Subsidiaries or any of their respective businesses, other than any
such information that is available to the Administrative Agent or any other Credit Party on a non-confidential basis prior to
disclosure by any Loan Party or any Subsidiary or that is independently prepared by the Administrative Agent or any other Credit
Party. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have
complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of
such Information as such Person would accord to its own confidential information. Notwithstanding anything herein to the contrary,
&ldquo;Information&rdquo; shall not include, and each Credit Party (and their Affiliates and respective partners, directors, officers,
employees, agents, advisors and representatives) may disclose to any and all persons, without limitation of any kind, any information
with respect to the U.S. federal income tax treatment and U.S. federal income tax structure of the transactions contemplated hereby
and all materials of any kind (including opinions or other tax analyses) that are provided to such Credit Party relating to such
tax treatment and tax structure.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Loan Parties agree, on behalf of themselves and their Affiliates, that they will not in the future issue any press releases
or other public disclosure using the name of the Administrative Agent or any Lender or their respective Affiliates or referring
to this Credit Agreement or any of the other Loan Documents without the prior written consent of such Person (such consent not
to be unreasonably withheld or delayed), unless (and only to the extent that) the Loan Parties or such Affiliate is required to
do so under law (and it being understood that the foregoing shall not apply to any filing of this Credit Agreement or any other
Loan Document (other than the Fee Letters or any other fee letter) with the Securities and Exchange Commission).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Loan Parties consent to the publication by the Administrative Agent or any Lender of customary advertising material
relating to the Transactions (including, without limitation amount and type of facility) using the name, product photographs, logo
or trademark of the Loan Parties;&nbsp;<U>provided</U>&nbsp;that any such advertising materials shall be provided in draft form
to Lead Borrower for review, comment and approval (such approval not to be unreasonably withheld or delayed) prior to the publication
thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.15<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>USA PATRIOT Act</U></FONT>. Each Lender that is subject to the USA PATRIOT Act and the Administrative Agent (for itself and
not on behalf of any Lender) hereby notifies the Borrowers that pursuant to the requirements of the USA PATRIOT Act, it is required
to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each
Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan
Party in accordance with the USA PATRIOT Act. Each Borrower shall, and shall cause each Subsidiary to, provide such information
and take such actions as are reasonably requested by the Administrative Agent or any Lender in order to assist the Administrative
Agent and the Lenders in maintaining compliance with the USA PATRIOT Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.16<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>No Fiduciary Duty</U></FONT>. Each Loan Party agrees that in connection with all aspects of the transactions contemplated hereby
and any communications in connection therewith, such Loan Party and its Affiliates, on the one hand, and the Administrative Agent,
the Arrangers, the other Credit Parties and their respective Affiliates, on the other hand, will have a business relationship that
does not create, by implication or otherwise, any fiduciary duty on the part of the Administrative Agent, the Arrangers, the other
Credit Parties or their respective Affiliates and no such duty will be deemed to have arisen in connection with any such transactions
or communications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.17<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Acknowledgement and Consent to Bail-In of Affected Financial Institutions</U></FONT>. 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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> the effects of any Bail-In Action on any such liability, including, if applicable:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a reduction in full or in part or cancellation of any such liability;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such
shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under
this Credit Agreement or any other Loan Document; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">To the extent not prohibited by applicable
law, rule or regulation, each Lender shall notify Lead Borrower and the Administrative Agent it has become the subject of a Bail-In
Action (or any case or other proceeding in which a Bail-In Action may occur).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 10.18<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Certain ERISA Matters</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants,
from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Administrative Agent and the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for
the benefit of any Borrower or any other Loan Party, that at least one of the following is and will be true:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such Lender is not using &ldquo;plan assets&rdquo; (within the meaning of 29 CFR &sect; 2510.3-101, as modified by Section
3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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 Credit Agreement,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(A) such Lender is an investment fund managed by a &ldquo;Qualified Professional Asset Manager&rdquo; (within the meaning
of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to
enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Credit Agreement,
(C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments
and this Credit Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best
knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender&rsquo;s
entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this
Credit Agreement, or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="letter-spacing: 0.05pt">such other representation, warranty and covenant as may be agreed in writing between
the Administrative Agent, in its sole discretion, and such Lender.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="letter-spacing: -0.05pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender
has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause
(a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants,
from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Administrative Agent and the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for
the benefit of any Borrower or any other Loan Party, that:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>none of the Administrative Agent or the Arrangers or any of their respective Affiliates is a fiduciary with respect to the
assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under
this Credit Agreement, any Loan Document or any documents related to hereto or thereto),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Credit Agreement is independent
(within the meaning of 29 CFR &sect; 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or
other person that holds, or has under management or control, total assets of at least $50,000,000, in each case as described in
29 CFR &sect; 2510.3-21(c)(1)(i)(A)-(E),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Credit Agreement is capable of
evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies
(including in respect of the Loan Document Obligations),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Credit Agreement is a fiduciary
under ERISA or the Code, or both, with respect to the Loans, the Letters of Credit, the Commitments and this Credit Agreement and
is responsible for exercising independent judgment in evaluating the transactions hereunder, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>no fee or other compensation is being paid directly to the Administrative Agent or the Arrangers or any their respective
Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Commitments
or this Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Administrative Agent and the Arrangers hereby inform the Lenders that each such Person is not undertaking to provide
impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby,
and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof
(i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Credit Agreement,
(ii) may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments for an amount less than the amount
being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other
payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees,
commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative or
other agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction
fees, amendment fees, processing fees, term out premiums, banker&rsquo;s acceptance fees, breakage or other early termination fees
or fees similar to the foregoing.</P>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify; text-indent: 0.5in">Section 10.19<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Acknowledgement Regarding Any Supported QFCs</U>. 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.S. Special Resolution
Regimes&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: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>As used in this <U>Section 10.19</U>, the following terms have the following meanings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-indent: 0.5in">&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: 0 0 12pt 31.5pt; text-indent: 0.5in">&ldquo;<U>Covered Entity</U>&rdquo;
means any of the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">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: 0 0 12pt 0.5in; text-indent: 0.5in">&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: 0 0 0pt 0.5in; text-indent: 0.5in">&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: 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[Signature pages follow]</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">IN WITNESS WHEREOF, the parties hereto have caused this Credit
Agreement to be duly executed by their respective authorized officers as of the day and year first above written.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 12pt; padding-bottom: 24pt; padding-left: 9pt; text-indent: -9pt"><B>STEVEN MADDEN, LTD.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By:</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: black 0.5pt solid">/s/ Edward R. Rosenfeld</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">Name:</TD>
    <TD STYLE="width: 35%; padding-right: 5.4pt; padding-left: 5.4pt">Edward R. Rosenfeld</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Title:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Chief Executive Officer</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 12pt; padding-bottom: 24pt; padding-left: 9pt; text-indent: -9pt">CITIZENS BANK, N.A., as the Administrative Agent, the L/C&nbsp;Issuer, the Swingline Lender and a Lender</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By:</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: black 0.5pt solid">/s/ Brian Kennedy</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">Name:</TD>
    <TD STYLE="width: 35%; padding-right: 5.4pt; padding-left: 5.4pt">Brian Kennedy</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Title:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Senior Vice President</TD></TR>
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    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 12pt; padding-bottom: 24pt; padding-left: 9pt; text-indent: -9pt">CIT BANK, N.A., as a Lender</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By:</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: black 0.5pt solid">/s/ Anthony Masci</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">Name:</TD>
    <TD STYLE="width: 35%; padding-right: 5.4pt; padding-left: 5.4pt">Anthony Masci</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Title:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Director</TD></TR>
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<FILENAME>ex10_02.htm
<DESCRIPTION>EXHIBIT 10.02
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 10.02</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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



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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1370 Broadway</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York NY 10018</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Dated: July 22, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">STEVEN MADDEN, LTD.&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">DOLCE VITA HOLDINGS, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SCHWARTZ &amp; BENJAMIN, INC.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">TRENDY IMPORTS, S. DE R.L. DE C.V.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">STEVEN MADDEN RETAIL, INC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">DANIEL M. FRIEDMAN &amp; ASSOCIATES, INC.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">ADESSO-MADDEN, INC.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">52-16 Barnett Avenue&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Long Island City, NY 11104</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following is the Agreement
under which we will act as your collection agent. Subject to Section 15 below and Schedule 1, this Agreement amends, restates,
replaces, and supersedes any prior Collection Agency Agreements between Steven Madden, Ltd. and/or one or more of its affiliates
on the one hand, and Rosenthal &amp; Rosenthal, Inc., on the other hand, including the Collection Agency Agreement dated July 10,
2009 and the agreements identified in Schedule 1 hereto. Capitalized terms shall have the meanings set forth in Section 14 and
Schedule 1 hereof:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">1.</TD><TD><FONT STYLE="font-variant: small-caps">Collection of Receivables
                                         </FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">1.1. From time to
time so long as no Rosenthal Default has occurred and is continuing, you will refer all invoices evidencing Orders to us for collection
of the balance due (<B>&#8220;Referred Accounts&#8221;</B>) and you hereby appoint us as your collection agent with respect thereto,
and we shall have the right to collect (except as otherwise provided herein), and we shall provide the collection services for
such Referred Accounts and Receivables and serve as your collection agent, in accordance with and subject to the terms of this
Agreement. Subject to the terms of this Agreement, upon each sale of your Inventory or rendition by you of services you shall execute
and deliver to us such further and confirmatory evidence of our authority as collection agent with respect to your Receivables
as we reasonably require from time to time, including copies of invoices or such equivalent electronic document as we may designate
for such use, and all shipping or delivery receipts and such other proof of sale and delivery or performance. All invoices (and
other statements to Customers) evidencing Referred Accounts shall clearly state, in a manner reasonably satisfactory to us, that
each Receivable is payable to us in our capacity as collection agent on your behalf. The form on Exhibit A annexed hereto is satisfactory
to us. We understand and agree that with respect to CR Receivables, Orders withdrawn in accordance with Section 2 below and/or
any Orders with respect to an account debtor that we have previously denied Credit Approval that you have the right to retain other
collection agencies to provide collection agency services.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">1.2. You or the
Credit Agreement Agent may recall, upon prior written notice to us, any Referred Account previously referred to us in your
sole discretion (other than Purchased Receivables for which we have paid you the Purchase Price thereof) during a Rosenthal
Default or a Credit Agreement Default (the <B>&#8220;Redirection Right&#8221;</B>), all of which accounts shall automatically
be deemed Charged Back by us to you at the time of our receipt of such notice. When an account is so recalled, we will
promptly, and no later than three (3) Business Days after issuance of such recall notice, cooperate with you, or your
designee or the Credit Agreement Agent, to notify your Customers that such Receivables have been reassigned from us to you or
your designee or the Credit Agreement Agent and that you or your designee or the Credit Agreement Agent shall have the sole
right to collect and otherwise deal with such Receivables, including without limitation, by delivering written authorization
to Customers to remit such payments in accordance with your instruction or the Credit Agreement Agent&#8217;s instruction. If
litigation has been initiated on such a withdrawn account, but not brought to judgment, we will cooperate in transitioning
the same and obtaining documentation needed to substitute legal counsel if and as you request. You shall be required to pay
all reasonable and documented out-of-pocket expenses incurred by us in connection with any of the foregoing.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">2.</TD><TD><FONT STYLE="font-variant: small-caps">Credit and Approval</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Unless already covered
by a Credit Line established by us as hereinafter set forth, you will submit to us for our credit approval the principal terms
of each and every Order. We may, in our sole discretion, approve all or a portion of an Order, by issuing a Credit Approval, withdraw
any Credit Approval, withdraw or adjust any Credit Line, or suspend any Availability under a Credit Line, in each case at any time
solely before you deliver the Inventory or render the services. In addition, we may from time to time in our sole discretion upon
your request establish a Credit Line or Credit Lines pursuant to which you may ship to Customers. No Credit Approval, including
approval based upon shipment against Availability under a Credit Line shall be effective unless (i) the Inventory is shipped or
the services rendered, within the time specified therein, or if no time is specified, within thirty (30) days after the date our
Credit Approval is issued; (ii) the Customer has accepted delivery of the Inventory or performance of the services in the Order;
and (iii) a schedule of the Receivables(s) which arise as a result of the Order which is the subject of the Credit Approval has
been delivered to us before ten (10) Business Days after the delivery of the goods or the performance of the service. Upon the
effectiveness of a Credit Approval, we shall be deemed to have accepted the Credit Risk (but not the risk of non-payment for any
other reason) to the extent of the dollar amount specified in the Credit Approval and the Receivable which is the subject thereof
shall, to the extent of the amount specified in the Credit approval, be a Credit Approved Receivable. If the dollar amount of the
Credit Approval is less than the amount of the Order, if we decline to issue any Credit Approval or withdraw any Credit Approval
to the extent permitted by the terms of this Agreement, you may, in your sole discretion, withdraw such Order from collection hereunder
to the extent permitted by the terms of this Agreement. In no event, however, shall we have any Credit Risk on any Receivable for
freight, samples, or sales not made in the ordinary course of your business. We may, in our sole discretion, upon written notice
to you (including by making such information available to you on our client web portal currently known as RAPID),withdraw any Credit
Approval, or withdraw or adjust any Credit Line, at any time before you deliver the Inventory or render the services, in which
event you may, in your sole discretion, withdraw such Order from collection hereunder to the extent permitted by the terms of this
Agreement.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">3.</TD><TD><FONT STYLE="font-variant: small-caps">Client Risk Receivables</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">All CR Receivables are
with full recourse to you and at your credit risk, but are otherwise subject to the covenants, terms and conditions provided herein
with respect to Credit Approved Receivables. You agree to pay us promptly after demand all reasonable and documented out-of-pocket
expenses including reasonable and documented collection charges and reasonable and documented attorneys&#8217; fees incurred by
us in attempting to collect or enforce any payment of CR Receivables, it being understood that we will not commence suit against
any Customer (other than in respect of a Purchased Receivable (at our own expense)) without your prior written approval. In addition,
if we, at your request, and in our discretion, file a proof of claim in any insolvency proceeding with respect to a CR Receivable
and/or forward a CR Receivable to an attorney or agency for collection, we shall charge your account with (i) the fees and expenses
of such attorney or collection agency and (ii) a service charge equal to $100 plus 5% of any amount collected on the CR Receivable.</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">4.</TD><TD><FONT STYLE="font-variant: small-caps">Returned Merchandise/Claims,
                                         Disputes and Chargebacks</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">4.1. In the event
of a breach by you of any of the representations or warranties contained herein with respect to a Receivable, or the assertion,
with respect to a Receivable, of a Dispute, any such Receivable (whether or not a Credit Approved Receivable), shall thereupon
become a CR Receivable to the extent of the Dispute. You shall notify us immediately of any Dispute, including a Customer&#8217;s
return of or desire to return any Inventory purchased from you. We may, but are not obligated to, settle, compromise, adjust or
litigate any Dispute, including, a return of the related Inventory upon such terms as we deem advisable, provided that your agreement
and cooperation is required for any such settlement, compromise, adjustment or litigation other than as to a Purchased Receivable,
and we will not commence suit against any Customer (other than with respect to a Purchased Receivable (at our own expense)) without
your prior written consent. We will not initiate any form of legal action with respect to such a Receivable unless you have approved
in writing the third party engaged, and its respective processes to be used. We may, at our option, Charge Back to you all amounts
owing on CR Receivables which are not paid when due, and we shall also have the right to charge your account with us in the amount
of any payment which we receive with respect to a CR Receivable we previously paid to you, if we are subsequently required to disgorge
such payment for any reason, including, such payment being deemed a preferential transfer. A Charge Back shall not constitute a
resale or reassignment to you of the Receivable which is the subject thereof if prior to such Charge Back the Receivable had been
purchased by us pursuant to the terms hereof. Subject to the terms of this Agreement, you agree to indemnify and save us harmless
from and against any and all loss, liability, claim, cost and expense of any kind, caused by or arising from any Disputes with
or similar or related claims of your Customers (or any representative thereof), asserting an interest in Receivables or payments
thereon, including: (i)&nbsp;any disputes or claims with respect to terms, price, quality or otherwise regarding Inventory with
respect to Receivables; (ii)&nbsp;any claim for a return of any payments made by or on behalf of any Customer with respect to Receivables,
to the extent such payments are either made directly to you or made to us and remitted to you (including alleged preferential transfers
with respect to any such payments on Receivables that were not Credit Approved Receivables at the time the payment was received);
(iii)&nbsp;any claims by any governmental authorities (federal, state, municipal or otherwise) for the turnover or payment to such
governmental authority of all or any portion of any payment received from a Customer which we paid to you and (iv)&nbsp;all reasonable
and documented collection expenses and attorney&#8217;s (whether in-house or outside) fees incurred with respect to any of the
foregoing. Notwithstanding anything to the contrary herein, this Agreement shall not require you to pay any legal fees we may incur
in connection with the defense of any claims asserted against us (including by a counterclaim) by an Obligor with respect to our
collection activities to the extent of any matters for which we have indemnified you under Section 4.2 below. Your liability under
this paragraph, and that of any Person liable for the Obligations, shall constitute Obligations but shall nonetheless be independent
hereof and continue notwithstanding any termination hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">4.2. We will indemnify,
defend and hold harmless you, your officers, directors, employees, agents, attorneys, Affiliates and representatives and the respective
successors and assigns of the foregoing from and against all claims, damages, costs, losses or liabilities, including reasonable
attorneys&#8217; fees and expenses (&#8220;<B>Losses</B>&#8221;), to the extent such Losses are resulting from or related to (i)&nbsp;a
breach by us of this Agreement, (ii)&nbsp;a failure by us to comply with any applicable laws, rules, regulations and/or licensing
requirements in connection with the transactions contemplated by this Agreement, or (iii)&nbsp;any gross negligence or willful
misconduct of us or our employees or representatives in performing any obligation or duty under this Agreement, provided (x) we
shall have no obligation to indemnify or hold harmless for any Losses arising as a result of any error in any information provided
by you to us concerning a Referred Account, and (y) our total liability to you under this Section 4.2 shall be limited to an aggregate
amount of the average annual commission actually paid by you to us pursuant to Section 6 below during the term of this agreement
prior to the time any such claim(s) shall be made by you under this Section.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">5.</TD><TD><FONT STYLE="font-variant: small-caps">Representations, Warranties
                                         and Covenants</FONT>:</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">You represent, warrant and covenant that:</P>


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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">5.1. you are fully
authorized to enter into this Agreement and perform hereunder and you will continue to be so authorized for the duration of this
Agreement and you are not and will not be bound by any material agreement that would be violated by your or our performance of
this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">5.2. you are solvent.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">5.3. the Receivables
are, on the date referred to us hereunder, and shall be, at the time of their creation and on the date any Receivable becomes a
Purchased Receivable, bona fide, existing and legally enforceable (although not necessarily collectible and subject to the effects
of bankruptcy, insolvency and other similar laws) obligations of Customers arising out of your sales made or services rendered
by you, and, at the time any Receivable becomes a Purchased Receivable, it shall additionally be free and clear of all security
interests, liens, claims and Disputes whatsoever other than Permitted Liens and in the event that any such Receivables arise from
the sale of goods, such goods meet all standards imposed by any governmental agency or authority.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">5.4. at the time
any Receivable becomes a Purchased Receivable, the Inventory relating thereto constituting returned goods shall not be subject
to any security interest, lien or encumbrance whatsoever, other than Permitted Liens, and you covenant (i) that you shall not permit
the Inventory to become so encumbered without our prior written consent and (ii) that the Inventory meets all standards imposed
by any governmental agency or authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">5.5. [reserved].</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">5.6. with respect
to each Receivable as it arises and when transmitted to us: (i) you will have delivered the Inventory or rendered the services
pursuant to the Order; (ii) the Customer will accept the Inventory and/or services without any offset or counterclaim; (iii) no
Dispute known to you will exist in any respect; (iv) you will have preserved, and will continue to preserve, any liens and any
other rights available to us by virtue of this Agreement; and (v) the Customer will not be your Affiliate.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">5.7. you will within
ten Business Days of our request therefor, provide us with copies of invoices and shipping or delivery receipts or such equivalent
electronic documents as we may reasonably designate or other proof of sale and delivery or performance as we may from time to time
reasonably require.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">5.8. you will not,
without providing us with thirty (30) days&#8217; prior written notice thereof, change your name, your state of organization or
your principal place of business and you are not aware, and will upon your becoming aware, notify us promptly, of any Person organizing
under your name in another state.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">5.9. you do not transact
business under any trade names or tradestyles except as set forth on Exhibit C annexed hereto (which Exhibit shall be complete
and correct prior to the Effective Date, and as the same may thereafter be amended from time to time) and with respect to any such
tradename or tradestyles you have (i) caused certain of the tradenames and tradestyles (if indicated on Exhibit C) to be registered
in accordance with the laws applicable to the use of such tradenames or tradestyles and have not in any way assigned or encumbered
your interest in such tradenames or tradestyles, other than Permitted Liens; or (ii) obtained a license to use such tradenames
or tradestyles from the owner thereof with respect to the goods or services sold by you under such tradenames or tradestyles, and
in the markets in which such goods or services are sold by you; and you are not aware, and will upon your becoming aware, promptly
notify us, of any other Person using your name or any of your tradenames or tradestyles in any similar line of business.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">5.10. you are, and
at all times during the term of this Agreement, shall be, duly organized, existing and in good standing under the laws of the state
of your organization; and you are, and at all times during the term of this Agreement, shall be, duly qualified, existing and in
good standing in every state in which the nature of your business requires you to be so qualified, except to the extent that the
failure to be so qualified would not reasonably be expected to have a material adverse effect on your business or financial condition
or the collectability or enforceability of the Receivables.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">6.</TD><TD><FONT STYLE="font-variant: small-caps">Commissions</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">6.1. For our services
hereunder, we shall receive a commission (hereinafter referred to as the <B>&#8220;Base Commission&#8221;</B>) of (i) 0.20% of
the gross invoice amount of each Receivable; plus (ii) on those Receivables due from a Customer (or any Affiliates or subsidiaries
of such Customer) listed on the Special Accounts Schedule submitted herewith and/or from time to time hereafter, such percentage
of the gross invoice amount thereof as equals the surcharge (if applicable) set forth on the Special Accounts Schedule, to the
extent of the amount credit approved. All commissions shall be fully earned, due and payable and chargeable to your account with
us at the date a Receivable is referred to and accepted by us hereunder.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">6.2. Our charge specified
in Section 6.1 hereof is based upon maximum selling terms of 60 days (excepting only that for sales to off-price retailers the
maximum selling terms will be 90 days and for mass merchants the maximum selling terms will be 120 days), and no more extended
terms or additional dating shall be granted by you to any Customer without our prior written approval. If such approval is given
by us, then for each additional thirty (30) days or part thereof of such extended terms or additional dating, our charge with respect
to the Receivables covered thereby shall be increased by an amount equal to twenty-five percent (25%) of the charge specified in
Section 6.1 hereof. In addition, we shall charge you a fee of $2.50 for each instance in which you change the terms of sale of
any Receivable after you have submitted to us a schedule listing such Receivable.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">6.3. The minimum
aggregate Base Commission payable under this Agreement shall be $480,000.00 for each Contract Year, which shall be fully earned
by us at the beginning of each Contract Year, and which to the extent of any deficiency (after giving effect to the commissions
paid or payable under Section 6.1(i)), shall be chargeable to your account with us at the end of each Contract Year, provided,
that in the event of any termination of this Agreement in any Contract Year after the first Contract Year, the minimum aggregate
Base Commission payable in such year shall only be the higher of (i) 100% of the monthly average of all charges payable by you
to us under Section 6.1 of this Agreement for the twelve month period prior to the Effective Termination Date, multiplied by the
number of calendar months for the portion of the Contract Year elapsed prior to the Effective Termination Date (including any partial
month in which the Effective Termination Date falls if such date is on or after the 15th day of such month); and (ii) the monthly
average amount of the minimum aggregate Base Commission for the portion of such Contract Year elapsed prior to the Effective Termination
Date, multiplied by the number of calendar months for the portion of the Contract Year elapsed prior to the Effective Termination
Date (including any partial month in which the Effective Termination Date falls if such date is on or after the 15th day of such
month).</P>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">7.</TD><TD><FONT STYLE="font-variant: small-caps">Purchase Price</FONT></TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">7.1. The purchase
price for each Receivable that we purchase (the <B>&#8220;Purchase Price&#8221;</B>) pursuant to the terms hereof shall be the
invoice amount of the Receivable, less (i)&nbsp;returns (whenever made); (ii)&nbsp;selling discounts, credits or deductions of
any kind allowed, granted to or taken by the Customer at any time; and (iii)&nbsp;our commission provided for in Section 6 hereof.
No discount, credit or allowance with respect to any Purchased Receivable shall be granted by you, and no return of any Inventory
related thereto shall be accepted by you without our prior written consent. A discount, credit or allowance may be claimed only
by the Customer. All amounts deemed collected by us on Purchased Receivables pursuant to Section&nbsp;7.2 below shall be paid by
us to the Collection Account on the Purchase Date.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">7.2. Where the
cause of non-payment of a Credit Approved Receivable which has become more than 120 days past due is solely the
Customer&#8217;s Financial Inability to Pay, then upon your submitting a confirmatory sale and assignment of the Receivable
that is reasonably satisfactory to us, including a representation by you (with such supporting documents as we may reasonably
request) that the warranties made by you under Sections&nbsp;5.3 and 5.4 hereof are true and correct, the Receivable, to the
extent of the then effective Credit Approval in accordance with the terms of this Agreement, shall be purchased by us
immediately thereafter and shall be deemed collected if it is not otherwise subject to Charge back to you under and in
accordance with the terms of this Agreement (such date, the <B>&#8220;Purchase Date&#8221;</B>). We shall deposit the
Purchase Price into the Collection Account in immediately available funds on the related Purchase Date. In the event you may
subsequently be required to disgorge any payment of a Purchase Price for a Purchased Receivable from us for any reason,
including, such payment being deemed a preferential transfer, then such Receivable shall thereafter no longer be a Purchased
Receivable unless and until such amount is returned or repaid to you by us or our representatives in full.</P>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">8.</TD><TD><FONT STYLE="font-variant: small-caps">Statement of Account and
                                         Expenses</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">8.1. All Obligations
shall become immediately due and payable upon demand upon the occurrence of the earlier of: (i)&nbsp;any Default hereunder; and
(ii)&nbsp;the Effective Termination Date. You hereby irrevocably authorize us to collect commissions owed by you from time to time
under this Agreement, at our option, either out of the proceeds of collections of Referred Accounts or by debiting the Collection
Account in such amount. You agree to execute and deliver such documentation (including, if applicable, ACH debit authorization
documentation) as we may reasonably request from time to time to facilitate any such debit. Notwithstanding anything to the contrary
herein, and without limiting your obligations or liability to us under this Agreement, we shall not debit the Collection Account
for any reason other than to collect commissions owed by you from time to time under this Agreement as and when the related Referred
Accounts are paid (and excluding, for avoidance of doubt, any deficiency in the minimum aggregate Base Commission for any Contract
Year). Any other Obligations owing by you to us shall be payable by you in accordance with the terms hereof.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">8.2. We will render
a statement of account (on both an individual company and consolidated basis) monthly to you, and such statement shall be binding
upon you, except for demonstrable error and specific matters which you contest and of which we are notified in writing, within
thirty (30) days after the date of receipt by you of such statement.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">8.3. You shall pay
all reasonable and documented out-of-pocket expenses (including reasonable and documented attorney&#8217;s fees) incurred by us
in connection with the enforcement of this Agreement. You shall pay all reasonable expenses incurred in connection with the filing
of financing statements under the UCC with respect to Purchased Receivables. We may also charge to your account (with your prior
written consent) any reasonable and documented fees, costs or other expenses we incur to eliminate or cure any lack of capacity
that we may now or hereafter have to maintain an action in the courts of any state to enforce payment or Receivables due from Customers
located in such state by reason of your acts or omissions, including your failure to qualify as a foreign entity in such state
or any other failure on your part to observe the laws of such state that are applicable to you or your assets. You shall also pay
to us such reasonable and documented fees as we may incur in performing our duties hereunder and charge from time to time for,
among other things, wire transfers. In connection with our examinations of your books, records and operations to the extent permitted
by this Agreement you shall pay all of our reasonable and documented out-of-pocket expenses plus for each examiner the Standard
Examiner&#8217;s Rate in effect at the time of any such examination. In connection with our administration of this Agreement, settlement
of any Dispute, or enforcement of any Obligation, or our protecting, preserving and enforcing our security interests and rights
hereunder, whether through judicial proceedings or otherwise, or in defending or prosecuting any actions or proceedings arising
out of or relating to our transactions with you, including actions or proceedings that may involve any Person asserting a priority
or claim with respect to Purchased Receivables, all reasonable and documented costs and expenses incurred, including, reasonable
and documented attorneys&#8217; fees incurred by us, shall be borne and paid for by you, and may, at our option, be charged to
your account with us (i.e., by our making a debit entry therefor in our client accounting system, currently known as RAPID). Your
reimbursement obligations pursuant to this paragraph shall survive termination of this Agreement for any reason.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">8.4. No delay
or failure on our part in exercising any right, privilege, or option hereunder shall operate as a waiver of such or of any
other right, privilege, or option, and no waiver, amendment, or modification of any provision of this Agreement shall be
valid, unless in a writing signed by us and you and then only to the extent therein stated. Should any provision of this
Agreement be prohibited by or invalid under applicable law, the validity of the remaining provisions shall not be affected
thereby. Unless otherwise specifically provided in this Agreement, any notices, requests, demands or other communications
permitted or required to be given under this Agreement shall be in writing and shall be sent by electronic mail, hand
delivery or by a nationally recognized overnight delivery service, to the addresses and electronic mail addresses of the
parties set forth below (or to such other address or electronic mail address as a party may hereafter designate by a notice
to the other that complies with this section) and shall be deemed given (a) in the case of a notice sent by electronic mail,
when received by the recipient; and (b) in the case of a notice that is hand delivered or sent by such overnight courier,
when delivered (provided that the sending party retains a confirmation of delivery). Any notice which, pursuant to the terms
hereof must be sent by certified or registered mail shall be deemed given and effective when received.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; "></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%; padding-right: 5.4pt; padding-bottom: 6pt; font-size: 10pt">If to us</TD>
    <TD STYLE="width: 51%; padding-right: 5.4pt; padding-bottom: 6pt; font-size: 10pt">If to you</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Rosenthal &amp; Rosenthal,
        Inc.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">1370 Broadway</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">New York NY 10018</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Attn: Michael Stanley</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Email: mstanley@rosenthalinc.com</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">With a copy to:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Otterbourg, P.C.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">230 Park Avenue</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">New York, NY 10169</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Attn: Michael Wenger, Esq.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Email: mwenger@rosenthalinc.com</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Steven Madden, Ltd.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">52-16 Barnett Avenue</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Long Island City, NY 11104</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Attn: Zine Mazouzi</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Email: zinemazouzi@stevemadden.com'</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">With a copy to:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Foley &amp; Lardner LLP</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">500 Woodward Avenue, Suite
        2700</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Detroit MI 48226</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Attn: John A. Simon, Esq.
        and Patricia Lane</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">Email: jsimon@foley.com and
        plane@foley.com</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">8.5. The headings
used herein are intended to be for convenience of reference only and shall not define or limit the scope, extent or intent or otherwise
affect the meaning of any portion hereof.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">9.</TD><TD><FONT STYLE="font-variant: small-caps">Title, Collection and Payments</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">9.1. We will
promptly report to you the details of any remittances of Receivables (other than any Purchased Receivables) obtained directly
by us. Until we have purchased a Purchased Receivable from you and paid you for it, you shall have and own all, right, title
and interest in and to such Receivable and its Proceeds, we may not use such amounts for any other purpose and the
Receivables shall be in your name. You will (and we shall cooperate with you in connection therewith) direct Customers to
make payments to an account in your name at JPMorgan Chase Bank, N.A. that you designate in writing (the <B>&#8220;Collection
Account&#8221;</B>), which may be subject to a Deposit Account Control Agreement in favor of the Credit Agreement Agent. If,
notwithstanding such direction, (i)&nbsp;we receive any Customer payments on account of any Referred Accounts or Receivables
(other than any Purchased Receivables), we shall remit such payments promptly, and in any event within two (2) Business Days
of receipt, to the Collection Account; provided, however, that nothing herein authorizes us to collect any such Receivables
(other than any Purchased Receivables), and (ii)&nbsp;you receive any Customer payments on account of any Referred Accounts
or Receivables, you shall also promptly report to us the details thereof and remit such payments promptly, and in any event
within two (2) Business Days of receipt, to us in respect of any Purchased Receivables and to the Collection Account in
respect of any other Receivables; provided, however, that except in connection with the exercise of the Redirection Right,
nothing herein authorizes you to collect any such Receivables other than in the Collection Account. We acknowledge and agree
we have no right, title or interest in the same, unless and until such Receivables are Purchased Receivables. You shall
promptly notify us (and obtain our prior written consent, not to be unreasonably withheld, conditioned or delayed) of any
changes in the location of the Collection Account. <FONT STYLE="font-family: Times New Roman, Times, Serif">It is understood
and agreed that, notwithstanding anything herein to the contrary, we shall not be in violation of the foregoing to the extent
of any payments received by us from Customers failing to act in accordance with the payment direction contemplated above that
have not yet been reconciled by us to Referred Accounts due to insufficient information or documentation from the payor
thereof, unless and until such amounts have been clearly identified as being in payment of any Referred Accounts in
accordance with our ordinary and customary procedures. </FONT>You shall provide us with the bank location of the Collection
Account and, cooperate with us in causing such bank to provide to us all account records, statements and deposit receipts as
we may reasonably require therefrom consistent with the terms of this Agreement. Promptly (and in any event within two (2)
business days) after identification thereof, you shall remit to us any Customer payments made to the Collection Account, or
otherwise received by you, that constitute proceeds of any Purchased Receivables (to the extent we have paid you the Purchase
Price therefor). All remittances obtained by you against Purchased Receivables will be received in trust for us. To the
extent we may hold at any time any remittances obtained by us as to Receivables (other than Purchased Receivables) and not
yet transferred them to your account, we acknowledge they are held in trust for you and we will keep such amounts separately
identified and not commingle them with any other amounts. You constitute us, or any other entity or person (but in no event a
direct competitor of your business or other third parties identified by you to us prior to the date hereof) whom we may
designate in our sole discretion, reasonably exercised, as your attorney in fact at your own cost and expense to exercise, at
any time, all or any of the following powers which, being coupled with an interest, shall be irrevocable until this Agreement
has been terminated and you have fully and indefeasibly paid and discharged all Obligations in accordance with this Agreement
(a) to sign and/or endorse your name on all remittances and all papers, bills of lading, receipts, instruments and documents
relating to the Receivables and the transactions between us; (b) to deposit any checks or other remittances received relating
to the Receivables regardless of notations or conditions placed thereon by your customers or deductions reflected thereby and
to charge the amount of any such deductions to your account; and (c) to sign your name to any and all documents necessary to
cure or eliminate any lack of capacity that we may now or hereafter have, by reason of your acts or omissions, to maintain an
action in the courts of any state to enforce payment of Receivables due from Customers located in such state and to file such
documents with the appropriate public officials or agencies.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; "></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">9.2. In the event
that as a result of your instructing your Customers to make payment to the Collection Account, any Customer erroneously also makes
payment to the Collection Account in respect of any accounts receivable of any other clients of ours (an &#8220;<U>Erroneous Payment</U>&#8221;),
and you or the Credit Agreement Agent receives identifiable proceeds thereof, then, to the extent the Credit Agreement Agent has
not already received the proceeds of such amount and returned it to us under the terms of that certain Collateral Assignment of
Rights under Amended and Restated Deferred Purchase Factoring Agreement among you, us and the Credit Agreement Agent, dated on
or about the date hereof (the &#8220;Assignment Agreement&#8221;), you shall promptly (and in any event within one (1) Business
Day of our demand therefor) repay the amount of such Erroneous Payment to us upon our written demand to you therefor, without any
offset or deduction of any kind.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">9.3. Except as may
otherwise be required pursuant to applicable law, rule or regulation, if any payment or recovery is received from or on behalf
of a Customer which is a Customer on both Credit Approved Receivables and CR Receivables, any such payment or recovery may be first
applied to the Credit Approved Receivables notwithstanding (i)&nbsp;any notation to the contrary on or with respect thereto; (ii)
the payment terms thereof; (iii)&nbsp;the due date thereof; or (iv)&nbsp;whether such payments were made in the ordinary course
of business or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">10.</TD><TD><FONT STYLE="font-variant: small-caps">Sale and Security Interest;
                                         Financing Statements</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">10.1. Effective
upon our purchase of Receivables pursuant to the terms hereof, you sell and assign to us, and grant to us a security interest in,
all of your right, title and interest in such Purchased Receivables and the Inventory represented by such Purchased Receivables,
as well as Inventory with respect to such Purchased Receivables returned by or repossessed from Customers, all of your rights as
an unpaid vendor or lienor, all of your rights of stoppage in transit, replevin and reclamation relating thereto, and all of your
rights against third parties with respect thereto. You will cooperate with us in exercising any rights with respect to any of the
foregoing.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.25in">10.2. You
authorize us to file financing statements and any and all other documents that may now or hereafter be provided for by the
UCC to reflect and/or perfect our interest as purchaser of Purchased Receivables and the Inventory represented by such
Purchased Receivables. In the event that any jurisdiction requires a debtor&#8217;s signature on such financing statements
and/or such other documents, you authorize us to file such financing statements and/or other documents on your behalf as your
attorney in fact, which such power being coupled with an interest, shall be irrevocable until this Agreement has been
terminated and you have fully and indefeasibly paid and discharged all of the Obligations.</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">11.</TD><TD><FONT STYLE="font-variant: small-caps">Books and Records/Financial
                                         Statements</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We agree to furnish to
any agent or lender under the Credit Agreement, promptly upon their request, copies of our and our subsidiaries&#8217; consolidated
balance sheets excerpted from our most recent quarterly (management-prepared) or annual (audited by an independent certified public
accounting firm) financial statements, provided that we and you, or such agent or lender, as applicable, first enter into a confidentiality
agreement in form and substance satisfactory to us with respect thereto (it being acknowledged that the form attached hereto as
Exhibit D is satisfactory to us).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">12.</TD><TD><FONT STYLE="font-variant: small-caps">Term</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">12.1. This Agreement
shall commence on the date hereof, shall continue for one Contract Period and shall automatically renew at the end of each Contract
Period for an additional 12 month Contract Period. Notwithstanding the foregoing, this Agreement may be terminated (i) by us at
any time, on not less than sixty (60) days&#8217; prior written notice to you by registered or certified mail prior to the Effective
Termination Date of such termination; (ii) by you, at any time, on not less than sixty (60) days&#8217; prior written notice to
us by registered or certified mail, prior to the Effective Termination Date, and provided further that (x) we may terminate this
Agreement effective upon ten (10) days&#8217; prior written notice to you by registered or certified mail if either a Default has
occurred and is continuing and is not cured prior to the end of such period or you have exercised the Redirection Right, (y) we
may terminate this Agreement effective immediately upon delivery of written notice to you by registered or certified mail, or overnight
courier, if a Cash Dominion Trigger Period (as defined in the Assignment Agreement) has occurred and is continuing, and (z) you
may terminate this Agreement effective upon ten (10) days&#8217; prior written notice to us by registered or certified mail if
a Rosenthal Default has occurred and is continuing and is not cured prior to the end of such period. Rights and obligations arising
out of transactions having their inception prior to the termination date shall not be affected by any termination or notice thereof,
nor shall any transaction which by its terms survives termination. From and after the Effective Termination Date, all amounts charged
or chargeable to your account hereunder in accordance with the terms hereof (including, without limitation, the amount of any deficiency
(after giving effect to the commissions payable under Section 6.1(i)) in the earned minimum aggregate Base Commission for the portion
of such Contract Year elapsed prior to the Effective Termination Date), and all other Obligations, shall become immediately due
and payable without further notice or demand.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">12.2. Any Receivable
which is a Credit Approved Receivable as of the date of the exercise by you of the Redirection Right, other than any Purchased
Receivable, shall automatically become a CR Receivable as of the date of such exercise of the Redirection Right. Otherwise, any
Receivable which is a Credit Approved Receivable as of the date of any termination and in respect of which such Credit Approval
could not have been withdrawn by us pursuant to and in accordance with Section 2 hereof as of such date of termination shall remain
a Credit Approved Receivable (except to the extent a Dispute thereafter arises with respect thereto) notwithstanding such termination
and our and your rights and obligations in respect thereof shall survive such termination, and any other Receivable (other than
a Purchased Receivable) shall automatically become a CR Receivable as of the date of such Termination. Termination of this Agreement
shall not become effective in respect of the liens and security interests granted to us in Purchased Receivables hereunder, and
you shall continue to pay over to us all Proceeds in respect thereof after termination hereof.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.3in">12.3. Upon termination
of this Agreement and your exercise of the Redirection Right, we shall cooperate in Charging Back to you any Referred Accounts
(excluding any Purchased Receivables) in accordance with Section 1.2 hereof.</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">13.</TD><TD><FONT STYLE="font-variant: small-caps">Governing Laws/Jury Trial
                                         Waiver/Jurisdiction/Venue and Miscellaneous Provisions</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">This Agreement is deemed made in the State
of New York and shall be governed, interpreted and construed in accordance with the laws of the State of New York, applicable to
contracts made and to be performed within such state. No modification, waiver or discharge of this Agreement shall be binding upon
us or you unless in writing and signed by us and you. Our failure, at any time, to exercise any right or remedy hereunder, shall
not constitute a waiver on our part with respect to such right or remedy, nor shall such failure preclude us from exercising the
same or any other right or remedy at any subsequent time. This Agreement may be executed in one or more counterparts, each of which
shall be deemed to be an original, but all of which, when taken together, shall be one and the same document. Electronically exchanged
signatures shall be treated as original signatures. If any taxes are imposed upon us (other than any franchise or income taxes),
or if we shall be required to withhold or pay any such non-excluded tax or penalty because of or in connection with any transactions
between us under this Agreement, you shall indemnify us and hold us harmless in respect thereof. This Agreement, each of the other
agreements referenced in Schedule 1 hereto, together with all other ancillary agreements delivered in connection herewith embodies
our entire agreement as to the subject matter hereof and supersedes all prior agreements (whether oral or written) as to the subject
matter hereof. <B>TRIAL BY JURY IS HEREBY WAIVED BY EACH OF US IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF US
AGAINST THE OTHER ON ANY MATTERS WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT OR THE RELATIONSHIP CREATED
HEREBY (WHETHER SOUNDING IN TORT OR CONTRACT). YOU AND WE EACH HEREBY CONSENT TO THE EXCLUSIVE JURISDICTION OF THE SUPREME COURT
OF THE STATE OF NEW YORK (OR THE CIVIL COURT OF THE CITY OF NEW YORK IF SUCH MATTERS BE WITHIN ITS JURISDICTION), AND OF ANY FEDERAL
COURT IN SUCH STATE, FOR A DETERMINATION OF ANY DISPUTE AS TO ANY SUCH MATTERS. IN CONNECTION THEREWITH, YOU AND WE EACH HEREBY
WAIVE PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS AND AGREE THAT SERVICE THEREOF MAY BE MADE BY REGISTERED OR CERTIFIED
MAIL DIRECTED TO YOU AND US, AS APPROPRIATE AT THE ADDRESSES SET FORTH ABOVE, OR SUCH OTHER ADDRESSES AS SHALL HAVE PREVIOUSLY
BEEN COMMUNICATED BY ONE OF US TO THE OTHER BY REGISTERED OR CERTIFIED MAIL</B>. The use of &#8220;including&#8221; or &#8220;include&#8221;
means &#8220;including (or &#8220;include&#8221;), without limitation.&#8221; The use of &#8220;or&#8221; means &#8220;and/or&#8221;
if the context so permits or requires. The term &#8220;our sole discretion&#8221; as used herein shall mean &#8220;our sole and
absolute discretion&#8221;. You agree that there is no fiduciary relationship between us or our representatives and you or any
other entity, affiliated or controlled by you, and that you will not seek or attempt to establish any such fiduciary relationship.
You hereby expressly waive any right to assert, now or in the future, that there was or is a fiduciary relationship between you
and us and/or our representatives in any action, proceeding or claim for damages. If any provision of this Agreement shall for
any reason be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions hereof,
and this Agreement shall be construed as if such invalid or unenforceable provision had never been contained herein. This Agreement
shall be binding upon and inure to the benefit of each of us and our respective successors and permitted assigns, provided, however,
that you may not assign this Agreement or your rights hereunder without our prior written consent, and we may not assign this Agreement
except to a successor of all or substantially all of our factoring business.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Only the parties listed above and other
entities that are Affiliates of Steven Madden, Ltd. are eligible to participate in the arrangements described in this
Agreement. Any such entity may become a participating company hereunder by (i) having us extend to it a written offer to
become a participating company and (ii)&nbsp;executing and delivering to us an Accession Agreement substantially in the form
attached hereto as <U>Exhibit B </U>(an &#8220;<U>Accession Agreement</U>&#8221;). Notwithstanding any provision of this
Agreement to the contrary, any such participating company that, for any reason, ceases to be an Affiliate of Steven Madden,
Ltd. shall, effective upon five (5) Business Days&#8217; prior written notice to us thereof, cease to be a participating
company hereunder with respect to any of its Receivables arising thereafter, subject to the payment in full of all of its
Obligations to us and to the survival of (a) such entity&#8217;s obligations under this Agreement with respect to any of its
Receivables referred to us prior thereto, and any other of its obligations that remain outstanding at such time and (b) any
provision of this Agreement that, by its express terms, would survive a termination of this Agreement.</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">14.</TD><TD><FONT STYLE="font-variant: small-caps">Definitions</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">As used in this Agreement,
these terms shall have the following meanings which shall be applicable to both the singular and plural forms of such terms.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Accession Agreement</B>&#8221;
shall have the meaning set forth in Section 13 hereof.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Accounts</B>&#8221;
shall have the meaning set forth in Article 9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Affiliate</B>&#8221; of a Person shall
mean any entity controlling, controlled by, or under common control with, the Person and the term &#8220;controlling&#8221; and
such variations thereof shall mean ownership of a majority of the voting power of a Person, or the contractual power to control
such Person&#8217;s affairs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Agreement</B>&#8221; shall mean this
Collection Agency Agreement, as amended, amended and restated, modified or supplemented.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Assignment Agreement</B>&#8221; shall
have the meaning set forth in Section 9.2 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Availability under a Credit Line</B>&#8221;
shall mean the unused amount of a Credit Line, unless otherwise suspended by us at any time in accordance with the terms of this
Agreement (e.g., when Receivables due from the Customer under a Credit Line are a certain number of days past due) and communicated
to you in writing or by such electronic means as you and we may agree (including by making such information available to you on
our client web portal currently known as RAPID).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Base Commission</B>&#8221; shall have
the meaning set forth in Section 6.1 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Business Day</B>&#8221; shall mean
a day on which major banks in New York City are open for the regular transaction of business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&#8220;Charge Back&#8221;</B> or <B>&#8220;Charged
Back&#8221;</B> with respect to any Referred Account/Receivable shall mean the reassignment thereof by us to you without any recourse,
representation or warranty of any kind (other than the absence of liens created by or through us) by us, the disavowal of any further
collection efforts by us with respect thereto, and the termination of any assumption of Credit Risk by us with respect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Chattel Paper</B>&#8221; shall have
the meaning set forth in Article 9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&#8220;Collateral&#8221;</B> shall mean each
Purchased Receivable and the Inventory with respect thereto, whenever arising.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&#8220;Collection Account&#8221;</B>
shall have the meaning set forth in Section 9.1 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Contract Period</B>&#8221; shall mean,
subject to Section 12, August 1<SUP>st</SUP> of each calendar year through July 31<SUP>st</SUP> of the following calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Contract Year</B>&#8221; shall mean,
subject to Section 12, August 1<SUP>st</SUP> of each calendar year through July 31<SUP>st</SUP> of the following calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">&#8220;<B>Credit Agreement</B>&#8221;
shall mean the Credit Agreement, dated as of July 22, 2020, by and among (among others) Steven Madden, Ltd., the lenders from
time to time parties thereto and Citizens Bank, N.A., as an initial lender and administrative and collateral agent (as
amended, modified, waived, restated or amended and restated from time to time), and shall include any credit agreement or
other loan documentation governing any debt financing that refinances or replaces the credit facility under such Credit
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Credit Agreement
Agent</B>&#8221; shall mean the administrative and collateral agent under the Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Credit Agreement
Default</B>&#8221; shall mean an event of default (after the expiration of all applicable cure periods therein) under the Credit
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Credit Approval</B>&#8221; shall mean
either (i) a notice from us to you, in writing or by such electronic means as may be designated by us to you reasonably in advance
(including by making such information available to you on our client web portal currently known as RAPID), that we have approved
all or a portion of an Order; or (ii) Availability under a Credit Line.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Credit Approved Receivable</B>&#8221;
shall mean a Receivable for which we have assumed the Credit Risk.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Credit Line</B>&#8221; shall mean
a line of credit, established by us and communicated from time to time to you, in accordance with the terms of this Agreement,
in writing or by such electronic means as may be designated by us to you, granting approval for sales by you, or rendition of services
by you to a Customer, billed at a specified location or locations, up to a specified aggregate available amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Credit Risk</B>&#8221; shall mean
the risk of loss resulting from a Customer&#8217;s failure to pay a Credit Approved Receivable on the due date solely because of
the Customer&#8217;s Financial Inability to Pay.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>CR Receivable</B>&#8221; shall mean
any Receivable which is not a Credit Approved Receivable, provided that Credit Approved Receivables cannot become CR Receivables
under this Agreement for any reason after they become Purchased Receivables, other than as a result of a Dispute.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Customer</B>&#8221; shall mean any
Person obligated on a Receivable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Default</B>&#8221; shall mean
the occurrence of any of the following events: (1) nonpayment, after ten (10) days, when due of any amount payable by you on
any of the Obligations; (2) failure by you to perform in any material respect any other covenant, agreement or obligation
in this Agreement or the breach or inaccuracy in any material respect of any representation or warranty made by you to us in
this Agreement, in each case 10 days after receipt of written notice (provided that you shall only be entitled to such notice
and opportunity to cure not more than twice in any Contract Year); (3) default beyond any applicable notice or cure period by
you in repayment, when due, of any indebtedness for borrowed money in excess of $100,000,000, now or hereafter owed for
monies borrowed from anyone other than us, unless the same is being contested in good faith and adequate reserves therefor
have been established; (4) you commence or have commenced against you, whether voluntary or involuntary, any proceeding under
any bankruptcy, insolvency, reorganization, debt arrangement, dissolution or other similar law and/or any proceeding
regarding the appointment of, or taking possession by, any receiver, liquidator, assignee, trustee, custodian, sequestrator
(or other similar official) for you or for any material part of your property; or (5) the Pension Benefit Guaranty
Corporation shall commence proceedings under Section 4042 of the Employee Retirement Income Security Act of 1974 (ERISA) to
terminate any of your employee pension benefit plans .</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Deposit Account</B>&#8221; shall have
the meaning set forth in Article 9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in"><B>&#8220;Dispute&#8221;</B> shall mean
(i)&nbsp;any dispute, claim, offset, defense, counterclaim or any other reason for nonpayment of all or a portion of any
Receivable (including, merchandise returns) asserted by a Customer, other than a Customer&#8217;s Financial Inability to Pay,
regardless of whether the same is in an amount greater than, equal to or less than the Receivable concerned, whether bona
fide or not, and regardless of whether the same, in part or whole, relates to an unpaid Receivable or any other Receivable;
and/or (ii)&nbsp;the payment of all or part of a Receivable by the Customer obligated thereon, other than to the Collection
Account or to a Person other than us, an act of God, force majeure, the acts of restraint of public authorities whether
domestic or foreign, civil strife, war or currency restrictions or fluctuations resulting in nonpayment of all or any portion
of any Receivable; provided that a Dispute shall not include a Customer&#8217;s Financial Inability to Pay.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Documents</B>&#8221; shall have the
meaning set forth in Article 9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Effective Date</B>&#8221; shall have
the meaning set forth in the paragraph immediately preceding Section 1 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Effective Termination Date</B>&#8221;
shall mean the date of termination specified in any duly delivered notice of termination of this Agreement, or, with respect to
any automatic termination of this Agreement, the effective date of such automatic termination.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Excluded Receivables</B>&#8221; shall
mean (i)&nbsp;all international sales and commission invoices to foreign customers (including, without limitation, any assigned
to us under the Existing HK Non-Notification Collection Agency Agreement or the Existing Mexico Non-Notification Collection Agency
Agreement), (ii) all &#8220;first cost&#8221; sales and commissions invoices to domestic customers (including, without limitation,
any assigned to us under the Existing HK Non-Notification Collection Agency Agreement), (iii)&nbsp;all invoices to employees and
affiliates, (iv)&nbsp;all sample billings to sales representatives and others; and (v) invoices as you and we may agree in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Financial Inability to Pay</B>&#8221;
shall mean a Customer&#8217;s insolvency such that the value of its available, liquid assets is exceeded by its fixed, liquidated
and non-contingent liabilities, whether or not such Customer has become the subject of a bankruptcy or other similar proceeding.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>GAAP</B>&#8221; shall mean generally
accepted accounting principles in the United States of America as in effect from time to time as set forth in the opinions and
pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and the statements
and pronouncements of the Financial Accounting Standards Board which are applicable to the circumstances as of the date of the
determination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>General Intangibles</B>&#8221; shall
have the meaning set forth in Article 9 of the UCC (and shall include tradenames, trademarks, tradestyles, service marks, copyrights
and patents and all your rights and claims against us hereunder or otherwise).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Instruments</B>&#8221; shall have
the meaning set forth in Article 9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Inventory</B>&#8221; shall have the
meaning set forth in Article 9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Investment Property</B>&#8221; shall
have the meaning set forth in Article 9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Obligations</B>&#8221; shall mean
all obligations, advances, liabilities and indebtedness of you or your Affiliates to us or any of our Affiliates, however evidenced,
arising under this Agreement, whether now existing or incurred from time to time hereafter and whether before or after termination
hereof, absolute or contingent, joint or several, matured or unmatured, direct or indirect, primary or secondary, liquidated or
unliquidated, and including, all of our charges, commissions, fees, interest, expenses, costs and attorneys&#8217; fees chargeable
to you in connection therewith, and all of your obligations to us as an indemnitor pursuant to the terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">&#8220;<B>Obligor</B>&#8221; shall mean you
and each other Person (including, any Guarantor or direct or indirect provider of collateral) primarily or secondarily, directly
or indirectly, liable on, or providing collateral for, any of the Obligations.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Order</B>&#8221; shall mean any purchase
order or equivalent document for the sale by you of goods or the rendition by you of services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Permitted Lien</B>&#8221; shall mean
a lien or security interest in our favor, or to which we have specifically consented in writing, subject to any limitation set
forth in such writing. Permitted Liens include security interests on Receivables, Inventory, other personal property and proceeds
thereof (but not on Purchased Receivables or proceeds thereof) securing obligations under the Credit Agreement and/or related documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Person</B>&#8221; shall mean any individual,
sole proprietorship, partnership, joint venture, trust, non-registered organization, association, corporation, limited liability
company, government or any subdivision, agency or political subdivision thereof or any other entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Proceeds</B>&#8221; shall mean all
proceeds (as set forth in Article 9 of the UCC), products, rents and profits of or from any and all collateral and, to the extent
not otherwise included in the foregoing; (i) all payments under any insurance, indemnity, warranty or guaranty with respect to
any of the collateral, (ii) all payments in connection with any requisition, condemnation, seizure or forfeiture with respect to
any of the collateral, (iii) all claims and rights to recover for any past, present or future infringement or dilution of or injury
to any collateral; and (iv) all other amounts from time to time paid or payable under or with respect to any of the collateral,
including licensing and royalty fees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&#8220;Purchase Date&#8221;</B> shall have
the meaning set forth in Section 7.2 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&#8220;Purchase Price&#8221;</B> shall have
the meaning given in Section 7.1 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Purchased Receivable</B>&#8221; shall
mean a Receivable that we purchase from you pursuant to Section 7.2 hereof.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Receivables</B>&#8221; shall mean,
for Referred Accounts, all Accounts, Instruments, Chattel Paper, Documents, Investment Property and General Intangibles arising
from your sales of Inventory or performance of services, and the Proceeds thereof, and all Supporting Obligations, whether now
existing or hereafter created, excepting only for Excluded Receivables.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&#8220;Redirection Right&#8221;</B> shall
have the meaning set forth in Section 1.2 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&#8220;Referred Accounts&#8221;</B> shall
have the meaning set forth in Section 1.1 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in"><B>&#8220;Rosenthal Default&#8221;</B>
shall mean the occurrence of any of the following events: (1) nonpayment, after ten (10) days, when due of any amount payable
by us under this Agreement; (2) failure by us to perform in any material respect any other covenant, agreement or obligation
in this Agreement or the breach or inaccuracy in any material respect of any representation or warranty made by us in this
Agreement, in each case 10 days after receipt of written notice (provided that we shall only be entitled to such notice and
opportunity to cure not more than twice in any Contract Year); (3) default beyond any applicable notice or cure period by us
in repayment, when due, of any indebtedness for borrowed money in excess of $100,000,000, now or hereafter owed for monies
borrowed, unless the same is being contested in good faith and adequate reserves therefor have been established; (4) we
commence or have commenced against us, whether voluntary or involuntary, any proceeding under any bankruptcy, insolvency,
reorganization, debt arrangement, dissolution or other similar law and/or any proceeding regarding the appointment of, or
taking possession by, any receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) for us
or for any material part of our property; (5) we sell, lease, license, pledge, transfer or otherwise dispose of all or
substantially all of our assets in one transaction or a series of related transactions, or any consolidation, amalgamation,
scheme of arrangement or merger of us with or into any other person or any other corporate reorganization in which our equity
holders immediately prior to such consolidation, amalgamation, merger, scheme of arrangement or reorganization own less than
a majority of our voting power immediately after such consolidation, merger, amalgamation, scheme of arrangement or
reorganization, or any transaction or series of related transactions in which at least a majority of our voting power is
transferred; or (6) the Pension Benefit Guaranty Corporation shall commence proceedings under Section 4042 of the Employee
Retirement Income Security Act of 1974 (ERISA) to terminate any of our employee pension benefit plans.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Special Account Schedule</B>&#8221;
shall mean a schedule issued, from time to time, listing thereon surcharge commissions applicable to Receivables owing from the
Customers listed thereon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Standard Examiner Rate</B>&#8221;
shall mean the per diem rate per examiner established by us from time to time. The Standard Examiner Rate on the date hereof is
$950.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>Supporting Obligations</B>&#8221;
shall have the meaning set forth in Article 9 of the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#8220;<B>UCC</B>&#8221;
shall mean the Uniform Commercial Code as the same may be in effect (subject to revision, from time to time) in the State of New
York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">15.</TD><TD><FONT STYLE="font-variant: small-caps">Certain Matters Regarding
                                         Existing Collection Agency Agreements</FONT>:</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Although the Receivables subject to the Existing HK Non-Notification Collection Agency Agreement
are Excluded Receivables hereunder, it is hereby acknowledged and agreed that, notwithstanding anything herein to the contrary
the except to the extent that the context clearly requires otherwise, the following Sections of the Existing HK Non-Notification
Collection Agency Agreement are hereby amended and restated, <I>mutandis mutandis</I>, to conform with the corollary provisions
of this Agreement as indicated below (but the Existing HK Non-Notification Collection Agency Agreement is otherwise unaffected
by this Agreement and each otherwise remain in full force and effect, notwithstanding anything herein to the contrary): </FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="width: 50%; border: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Provision of the Existing HK Non-Notification<BR> Collection Agency Agreement</B></FONT></TD>
    <TD STYLE="width: 50%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Corollary Provision of this Agreement</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;3 (Client Risk Receivables)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;3 (Client Risk Receivables)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;4 (Returned Merchandise/Claims, Disputes and Chargebacks)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;4 (Returned Merchandise/Claims, Disputes, Chargebacks and Indemnity)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;5 (Representations, Warranties and Covenants)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;5 (Representations, Warranties and Covenants)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;7 (Purchase Price)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;7 (Purchase Price)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;9 (Statement of Account and Expenses)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;8 (Statement of Account and Expenses)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;10 (Payments)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;9 (Title, Collection and Payments)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;11 (Security Interest; Financing Statements)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;10 (Sale and Security Interest; Financing Statements)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;12 (Term)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;12 (Term)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;13 (Governing Laws/Jury Trial Waiver/Jurisdiction/Venue and Miscellaneous Provisions)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;13 (Governing Laws/Jury Trial Waiver/Jurisdiction/Venue and Miscellaneous Provisions)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;14 (Definitions) (except that any definition in Section&nbsp;14 of the HK Non Notification Collection Agency Agreement for which there is no similar definition in this Agreement is unaffected by this Agreement)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;14 (Definitions)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


</div><!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center; font-family: Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><div style="width:8.5in; margin:0 auto">

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Reference is hereby made to that certain letter agreement dated February&nbsp;16, 2010 between
you and us relating to certain Foreign Receivables (within the meaning of such letter agreement), as amended, restated, supplemented
and/or otherwise modified from time to time (the &#8220;<B>Foreign Receivables Supplement</B>&#8221;). As provided in the Foreign
Receivables Supplement, such Foreign Receivables are subject to the terms and conditions of the Collection Agency Agreement dated
July&nbsp;10, 2009 between you and us. It is hereby acknowledged and agreed that, upon the effectiveness of this Agreement, except
to the extent that the context clearly requires otherwise, each reference in the Foreign Receivables Supplement to the &#8220;Collection
Agency Agreement&#8221;, and each use of &#8220;thereunder&#8221;, &#8220;thereof&#8221;, &#8220;therein&#8221; or any words of
like import in the Foreign Receivables Supplement with respect to the &#8220;Collection Agency Agreement&#8221;, shall mean and
be a reference to this Agreement, and this Agreement and the Foreign Receivables Supplement shall be read together and construed
as a single instrument. </FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Although the Receivables subject to the Existing Mexico Non-Notification Collection Agency
Agreement from time to time are Excluded Receivables hereunder, it is hereby acknowledged and agreed that, except to the extent
that the context clearly requires otherwise, the following Sections of the Existing Mexico Non-Notification Collection Agency Agreement
are hereby amended and restated, <I>mutandis mutandis</I>, to conform with the corollary provisions of this Agreement as indicated
below (but the Existing Mexico Non-Notification Collection Agency Agreement is otherwise unaffected by this Agreement): </FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="width: 50%; border: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Provision of Mexico Receivables Agreement</B></FONT></TD>
    <TD STYLE="width: 50%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Corollary Provision of this Agreement</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;3 (Client Risk Receivables)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;3 (Client Risk Receivables)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;4 (Returned Merchandise/Claims, Disputes and Chargebacks)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;4 (Returned Merchandise/Claims, Disputes, Chargebacks and Indemnity)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;5 (Representations, Warranties and Covenants)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;5 (Representations, Warranties and Covenants)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;7 (Purchase Price)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;7 (Purchase Price)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;8 (Statement of Account and Expenses)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;8 (Statement of Account and Expenses)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;9 (Payments)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Section&nbsp;9 (Title, Collection and Payments)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Section&nbsp;11 (Term)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Section&nbsp;13 (Definitions) (except that any definition
        in Section&nbsp;13 of the Existing Mexico Non-Notification Collection Agency Agreement for which there is no similar definition
        in this Agreement is unaffected by this Agreement)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Section&nbsp;12 (Term)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Section&nbsp;14 (Definitions)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">In addition to any guarantees by Steven Madden, Ltd. for the obligations of any of other Obligors
under the Existing HK Non-Notification Collection Agency Agreement and the Existing Mexico Non-Notification Collection Agency Agreement
above agreements, it is the agreement of the parties that each of you shall be jointly and severally liable for all Obligations
hereunder.</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">For administrative convenience, each of you hereby appoints Steven Madden, Ltd. as its attorney-in-fact
with full power to act in its place and stead with respect to any matters in connection with this Agreement, including, without
limitation, directing the payment of any amounts payable by us with respect to the Receivables, and executing and delivering to
us any Accession Agreement.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">[Signature Pages Follow]</P>


</div><!-- Field: Page; Sequence: 16 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><div style="width:8.5in; margin:0 auto">

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">YOU ACKNOWLEDGE THAT WE
HAVE ADVISED YOU TO CONSULT WITH AN ATTORNEY PRIOR TO YOUR EXECUTION OF THIS AGREEMENT.</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">/s/ J. Michael Stanley</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">J. Michael Stanley</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Managing Director</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 61%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; ">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; "><BR>
STEVEN MADDEN, LTD.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">/s/ Edward R. Rosenfeld</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Edward R. Rosenfeld</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 61%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; ">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[Deferred Purchase Factoring Agreement Signature
page]</P>



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


</div><!-- Field: Page; Sequence: 17 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center; font-family: Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&nbsp;<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><div style="width:8.5in; margin:0 auto">

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">DOLCE VITA HOLDINGS, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SCHWARTZ &amp; BENJAMIN, INC.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">STEVEN MADDEN RETAIL, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">DANIEL M. FRIEDMAN &amp; ASSOCIATES, INC.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">ADESSO-MADDEN, INC.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">/s/ Zine Mazouzi</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Zine Mazouzi</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Treasurer</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 61%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; ">&nbsp;</P>

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

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[Deferred Purchase Factoring Agreement Signature
page]</P>



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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><div style="width:8.5in; margin:0 auto">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; ">TRENDY IMPORTS, S. DE R.L. DE C.V.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">/s/ Awadhesh Sinha</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Awadhesh Sinha</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 61%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; ">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[Deferred Purchase Factoring Agreement Signature
page]</P>



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


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    <!-- Field: /Page --><div style="width:8.5in; margin:0 auto">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SML CANADA ACQUISITION CORP.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">/s/ Awadhesh Sinha</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Awadhesh Sinha</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 61%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; ">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[Deferred Purchase Factoring Agreement Signature
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; "></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><div style="width:8.5in; margin:0 auto">

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">/s/ Edward R. Rosenfeld</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Edward R. Rosenfeld</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 61%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; ">&nbsp;</P>

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

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


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[Deferred Purchase Factoring Agreement Signature
page]</P>



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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><div style="width:8.5in; margin:0 auto">

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">/s/ Awadhesh Sinha</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Awadhesh Sinha</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-right: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 61%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; ">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[Deferred Purchase Factoring Agreement Signature
page]</P>



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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><div style="width:8.5in; margin:0 auto">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Schedule 1</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">A. Steven Madden, Ltd.,
Dolce Vita Holdings, Inc., Schwartz &amp; Benjamin, Inc., B. B. Dakota, Inc., and Greats Brand Inc. are each parties to a Collection
Agency Agreement dated July 9, 2009 with Rosenthal &amp; Rosenthal, Inc. (<B>&#8220;Rosenthal,&#8221; </B>or <B>&#8220;us,&#8221;
</B>or <B>&#8220;we&#8221;</B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">B. Report Footwear, Inc.
is party to a Collection Agency Agreement dated May 18, 2012 with Rosenthal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">C. Steven Madden Retail,
Inc. is party to a Collection Agency Agreement dated July 10, 2009 with Rosenthal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">D. SML Acquisition Corp.
is party to a Collection Agency Agreement dated July 10, 2009 with Rosenthal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">E. Daniel M. Friedman &amp;
Associates, Inc. is party to a Collection Agency Agreement July 10, 2009 Collection Agency Agreement with Rosenthal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">F. Diva Acquisition Corp.
is party to a Collection Agency Agreement dated July 10, 2009 with Rosenthal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">G. Report Footwear, Inc.
is party to a Collection Agency Agreement dated May 18, 2012 with Rosenthal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">H. SML Acquisition Corp.
is party to a Collection Agency Agreement dated July 10, 2009 with Rosenthal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">I. Daniel M. Friedman &amp;
Associates, Inc. is party to a Collection Agency Agreement dated July 10, 2009 with Rosenthal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">J. Diva Acquisition Corp.
is party to a Collection Agency Agreement dated July 10, 2009 with Rosenthal (each of the parties to the agreements set forth in
the foregoing paragraphs A through I, other than Rosenthal, hereinafter individually and collectively, and jointly and severally,
referred to as <B>&#8220;you,&#8221;</B> and each of such agreements, as amended and/or supplemented, hereinafter referred to as
the <B>&#8220;Existing Collection Agency Agreements</B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">K. Rosenthal and each of
the parties to the Existing Collection Agency Agreements have agreed to amend and restate the Existing Collection Agency Agreements
as provided in this Agreement, which Agreement shall become effective on the date on which it has been executed by all the parties
hereto (the <B>&#8220;Closing Date&#8221;</B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">L. The Topline Corporation,
Madden International Limited, Report Footwear, Inc., Adesso-Madden, Inc., Daniel M. Friedman &amp; Associates, Inc., Cejon Accessories,
Inc., Dolce Vita Holdings, Inc. and The Asean Corporation Limited are parties to a Non-Notification Collection Agency Agreement
(International sales) dated December 20, 2012 (the <B>&#8220;Existing HK Non-Notification Collection Agency Agreement&#8221;</B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">M. Rosenthal and each of
the parties to the Existing HK Non-Notification Collection Agency Agreement have agreed to amend certain terms of the Existing
HK Non-Notification Collection Agency Agreements as provided in this Agreement, which amendments shall become effective on the
Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">N. Trendy Imports, S. de
R.L. de C.V. is party to a Non-Notification Collection Agency Agreement dated May 2, 2017 (the <B>&#8220;Existing Mexico Non-Notification
Collection Agency Agreement&#8221;</B>).</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><div style="width:8.5in; margin:0 auto">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">O. Rosenthal and Trendy
Imports, S. de R.L. de C.V. have agreed to amend certain terms of the Existing Mexico Non-Notification Collection Agency Agreements
as provided in this Agreement, which amendments shall become effective on the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Q. It is the intent of
the parties hereto that this Agreement amend and restate in their entirety all of the Existing Collection Agency Agreements, and
amend the Existing HK Non-Notification Collection Agency Agreement and Existing Mexico Non-Notification Collection Agency Agreement,
and re-evidence the outstanding obligations and liabilities of each of the respective parties thereunder, and not constitute a
novation or evidence repayment thereof.</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><div style="width:8.5in; margin:0 auto">

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><BR>
has been assigned for collection and is PAYABLE ONLY to</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><BR>
ROSENTHAL &amp; ROSENTHAL, INC. c/o [STEVEN MADDEN, LTD.]<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U><BR>
P.O. BOX 2244335, CHICAGO, ILLINOIS 60695-1926</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><BR>
Make check payable as above in United States Funds and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U><BR>
indicate name of seller.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><BR>
Any claims against this invoice must be made promptly in</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><BR>
writing to Rosenthal &amp; Rosenthal, Inc., specifying details.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><BR>
No returns or adjustments will be recognized without the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><BR>
written consent of Rosenthal &amp; Rosenthal, Inc.</P>

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

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; "><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>1</SUP></FONT>
Name to be updated for each Madden entity</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">To:&#9;Rosenthal &amp; Rosenthal, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">From:&#9;[name of new participating company]
(the &#8220;<B>Company&#8221;</B>)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Re:&#9;Collection Agency Agreement</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">Terms used in this Accession Agreement shall, unless defined otherwise in this Accession Agreement,
have the meanings given to them in that certain Deferred Purchase Agency Agreement dated as of July 22, 2020 entered into by Rosenthal
&amp; Rosenthal, Inc. and Steven Madden, Ltd. (&#8220;<B>Steve Madden</B>&#8221;) (as amended, restated, amended and restated,
supplemented and/or otherwise modified from time to time, the <B>Collection Agency Agreement</B>).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">The Company confirms that it has received a copy of the Collection Agency Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">Each of Steve
Madden and the Company hereby agree that the Company shall be joined and be bound by the terms of the Collection Agency Agreement
as if it had originally been party thereto, and any reference to &#8220;you&#8221; or to Steve Madden contained in the Collection
Agency Agreement shall hereafter be deemed to be a reference to Steve Madden, the Company, and each of the other Affiliates of
Steve Madden party thereto, individually and/or collectively as appropriate, and each of the Company, Steve Madden and such Affiliates
shall be jointly and severally liable to you for all Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; "><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">For administrative
convenience, the Company appoints Steve Madden as its attorney-in-fact with full power to act in its place and stead with respect
to any matters in connection with the Collection Agency Agreement, including, without limitation, directing the payment of any
amounts payable by us with respect to the Receivables.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; "><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">The Company hereby
agrees to indemnify and hold us harmless from and against any loss, claims, or expenses sustained or incurred by reason of its
honoring the instruction contained in this letter and such indemnity and hold harmless provision shall survive any termination
of this document and/or the instructions contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; "><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">[3.</TD><TD STYLE="text-align: justify">Add any new applicable terms and remove any existing inapplicable terms]</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">The provisions of this Accession Agreement shall be construed and enforced in accordance with the
laws of the State of New York.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">This Accession Agreement is effective as of _____________________________.</TD></TR></TABLE>

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

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

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

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

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

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

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

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By: &#9;________________________________</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Name:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Title:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Date:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>

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

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

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

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

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

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


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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>[See attached]</B></P>

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

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


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

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

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">This Confidentiality and Non&#45;Disclosure Agreement (the &#8220;Agreement&#8221;)
is entered into as of ___________, 20__ (hereinafter the &#8220;Effective Date&#8221;) by and between Rosenthal &amp; Rosenthal,
Inc. a New York State corporation with its principal place of business at 1370 Broadway, New York, NY 10018 (&#8220;Rosenthal&#8221;)
and _____________, a _____________, having its principal place of business at _________________ (&#8220;Recipient&#8221;). The
Agreement shall govern the disclosure and furnishing by Rosenthal to Recipient of certain confidential and proprietary information
relating to the finances of Rosenthal which Recipient has requested from Rosenthal in connection with Rosenthal&#8217;s factoring
relationship with Steven Madden, Ltd. and certain of its affiliates (the &#8220;Madden Companies&#8221;) (hereinafter &#8220;Confidential
lnformation&#8221;), as well as the use and return of such information by Recipient.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">Recipient acknowledges and agrees that the Confidential Information
is either owned by Rosenthal or an affiliate Recipient of Rosenthal. The Confidential Information will be used by Recipient only
for the purpose of reviewing and determining if it wishes to to exercise the &#8220;Redirection Right&#8221; as defined in that
certain Amended and Restated Deferred Purchase Factoring Agreement between Rosenthal and the Madden Companies (the &#8220;Factoring
Agreement&#8221;) (hereinafter the &#8220;Purpose&#8221;). Confidential Information shall also include any information subsequently
supplied by Rosenthal that refers or relates to the Purpose. Recipient agrees to receive the Confidential Information subject to
the following terms and conditions:</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Recipient promises and agrees to hold the Confidential Information in confidence. Without limiting the generality of the
foregoing, Recipient further promises and agrees that it will require its employees: (i) to protect and safeguard the Confidential
Information against unauthorized use, publication or disclosure; (ii) not to use any of the Confidential Information except for
the Purpose; (iii) not to make any copies of the Confidential Information except to the extent needed for the Purpose; (iv) not
to, directly or indirectly, in any way, reveal, report, publish, disclose, transfer or otherwise use any of the Confidential Information
except as specifically authorized by Rosenthal in this Agreement; (v) not to use any Confidential Information to compete or obtain
advantage vis&#45;&agrave;&#45;vis Rosenthal; (vi) to restrict access to the Confidential Information to those of its officers,
directors, and employees who clearly need such access to carry out the Purpose; (vii) to advise each of the persons to whom it
provides access to any of the Confidential Information, that such persons are strictly prohibited from making any use, publishing
or otherwise disclosing to others, or permitting others to use for their benefit or to the detriment of Rosenthal, any of the Confidential
Information; (viii) to take all steps reasonably necessary to protect the secrecy of the Confidential Information, and to prevent
the Confidential Information from falling into the public domain or into the possession of unauthorized persons; and (ix) to comply
with any other reasonable security measures requested in writing by Rosenthal.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Recipient agrees that all Confidential Information shall remain the property of Rosenthal, and that Rosenthal may use the
Confidential Information for any purpose without obligation to Recipient. All inventions, improvements, copyrightable works and
designs relating to machines, methods, compositions, or products of Rosenthal directly resulting from or relating to the Confidential
Information and the right to market, use, license and franchise the Confidential Information or the ideas, concepts, methods or
practices embodied therein shall be the exclusive property of Rosenthal, and Recipient has no right or title thereto. Nothing contained
herein shall be construed as granting either express or implied transfer of rights to Company in the Confidential Information.
Nothing herein shall prohibit Rosenthal from disclosing the Confidential Information to others or from granting a license or other
rights therein to others.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Recipient represents warrants and covenants that it has, or shall enter into, with each of its employees who may have access
to any Confidential Information, an appropriate agreement, which may include an employment agreement, sufficient to enable it to
comply with all of the terms of this Agreement, prior to exposing such employee to the Confidential Information.</P>


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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Upon termination of the Deferred Purchase Agreement, or upon the exercise of the Redirection Right, whichever is earlier,
Recipient shall return to Rosenthal all of the Confidential Information, and all copies thereof, in the possession or control of
Recipient, in whatever media or format. Rosenthal may in its sole discretion instruct Recipient in writing to destroy some or all
of the Confidential Information in lieu of returning it.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Should Recipient or any of its representatives be requested, pursuant to, or required by, applicable law, regulation or
legal process to disclose any of the Confidential Information or any other information concerning Rosenthal, Recipient will notify
Rosenthal promptly so that Rosenthal may (i) seek a protective order or other appropriate remedy or (ii) consult with Recipient
with respect to Recipient taking steps to resist or narrow the scope of such request or legal process. In the event that no such
protective order or other remedy is obtained, Recipient and its representatives shall furnish only that portion of the Confidential
Information which it is advised by counsel in a written opinion is legally required and will exercise best efforts to obtain reliable
assurance that confidential treatment will be accorded the Confidential Information so furnished.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The obligations of this Agreement shall be continuing and binding upon Recipient until the Confidential Information ceases
to be confidential other than as a breach of this Agreement by Recipient, whichever is first to occur, except that protection of
trade secrets shall extend to such time as the relevant information qualifies as a trade secret under the applicable law. Absent
the written consent of Rosenthal, the burden of proving that the Confidential Information is no longer confidential shall be on
Recipient.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof. This Agreement
may not be amended, changed, modified, supplemented, or waived except by later written agreement signed by both parties. This Agreement
shall be binding upon, inure to the benefit of, and be enforceable by (a) Rosenthal, its successors, and assigns; and (b) Recipient,
its successors and assigns.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither this Agreement, not any right, obligation, or interest in or under this Agreement, nor any claim arising under or
in connection with or relating to this Agreement, may be assigned by any party without the other party's prior written consent,
and any attempted assignment without such consent shall be void and of no effect, except that either party may assign this Agreement
to any entity which directly or indirectly controls, is controlled by, or is under common control with such assigning party without
such consent.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard to
its conflicts of law principles and both parties agree to submit any disputes in connection with this Agreement to the jurisdiction
of the courts of the State of New York or the Federal District Courts sitting in New York, which courts shall have exclusive jurisdiction
for such purposes.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">10.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding the above provision, Recipient understands and acknowledges that any disclosure or misappropriation of any
of the Confidential Information in violation of this Agreement may cause Rosenthal irreparable harm, the amount of which may be
difficult to ascertain and, therefore, agrees that Rosenthal shall have the right to apply to any court of competent jurisdiction
for an order restraining any such further disclosure or misappropriation and for such other relief as Rosenthal shall deem appropriate.
Such right of Rosenthal shall be in addition to remedies otherwise available to Rosenthal at law or in equity.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event any one or more of the provisions herein is, for any reason, held invalid, illegal or unenforceable in any
respect, such provision shall be ineffective to the extent, but only to the extent, of such invalidity, illegality or unenforceability
without invalidating the remainder of this Agreement, which will continue in full force and effect without said provision(s), unless
doing so shall materially alter the bargain between the parties.</P>

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


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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Agreement does not constitute a commitment of Rosenthal to consummate the Transaction.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">The parties have caused this Agreement to be executed by their duly
authorized representatives as of the Effective Date:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">ROSENTHAL &amp; ROSENTHAL, INC.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Signed: ________________________*</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Print Name: _____________________</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Title: __________________________</P></TD>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[RECIPIENT]</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Signed: ________________________*</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Print Name: _____________________</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Title: __________________________</P></TD></TR>
<TR STYLE="vertical-align: top">
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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










<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; "></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; ">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; "></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>shoo-20200722_pre.xml
<DESCRIPTION>XBRL PRESENTATION FILE
<TEXT>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>smadden_8k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
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    <context id="From2020-07-22to2020-07-22">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000913241</identifier>
        </entity>
        <period>
            <startDate>2020-07-22</startDate>
            <endDate>2020-07-22</endDate>
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    <unit id="USD">
        <measure>iso4217:USD</measure>
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    <unit id="Shares">
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    <unit id="USDPShares">
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                <measure>shares</measure>
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    <dei:EntityRegistrantName contextRef="From2020-07-22to2020-07-22">STEVEN MADDEN, LTD.</dei:EntityRegistrantName>
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    <dei:EntityFileNumber contextRef="From2020-07-22to2020-07-22">000-23702</dei:EntityFileNumber>
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    <dei:EntityAddressAddressLine1 contextRef="From2020-07-22to2020-07-22">52-16 Barnett Avenue</dei:EntityAddressAddressLine1>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
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</head>
<body>
<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140544283662520">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Jul. 22, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.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="top.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="top.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="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jul. 22,  2020<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">000-23702<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">STEVEN MADDEN,
LTD.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000913241<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">13-3588231<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.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="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">52-16 Barnett 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="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Long Island City<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.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="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">11104<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(718)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">446-1800<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.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="top.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="top.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="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</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="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common
    Stock, par value $0.0001 per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">SHOO<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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>
</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_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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>
</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_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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>
</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:stringItemType</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_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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>
</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:dateItemType</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_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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>
</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:submissionTypeItemType</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_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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>
</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_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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_EntityAddressCityOrTown</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_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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>
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</div></td></tr>
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<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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.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="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.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="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.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="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.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="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.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="top.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>
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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:booleanItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
